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MarketScreener Homepage  >  Equities  >  SHANGHAI STOCK EXCHANGE  >  Wanhua Chemical Group Co., Ltd.    600309   CNE0000016J9

WANHUA CHEMICAL GROUP CO., LTD.

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Wanhua Chemical : • Wanhua Chemical Established Korean Branch Office

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05/29/2014 | 01:07pm EST

Wanhua Chemical Group Co., Ltd, Asia-Pacific's largest methyl di-phenylene isocyanate (MDI) manufacturer, opened the Korean branch office in Seoul on May 20th, which was inaugurated by Peter Huo, the CMO and vice president. The new office serves as the regional headquarters which will better provide polyurethane solutions and services to Korean customers. Moreover, the new office will consolidate Wanhua Chemical's operations in Korea.

Wanhua Chemical has been present with its products in the Korean markets since 2003. The company places a high value on the Korean markets and keeps strengthening and growing the business in the region. With reliable products, stable supply and exceptional customer service, Wanhua Chemical has been accepted across the polyurethane segments and sectors in Korea and won good reputation in terms of quality and brand. Now Wanhua Chemical has become a major supplier of MDI in Korea.

"Wanhua Chemical strives to become a trustworthy, long-term, stable and mainstream new materials supplier in Korea. We will spare no efforts to provide more value and opportunities for Korean customers to gain further development and grow together." said Peter Huo.

After the ribbon-cutting ceremony, Wanhua Chemical Korean branch office officially went into operation.

Sticking to the strategy of operating outside of China, Wanhua Chemical has established subsidiaries and branch offices worldwide, including in the United States, Russia, Japan, Holland, Brazil, India and Turkey, etc.. Expanding presence in Korea will strongly bolster the company's global network.

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Financials (CNY)
Sales 2019 67 384 M
EBIT 2019 14 188 M
Net income 2019 10 776 M
Debt 2019 22 852 M
Yield 2019 2,69%
P/E ratio 2019 15,1x
P/E ratio 2020 13,4x
EV / Sales2019 2,76x
EV / Sales2020 2,45x
Capitalization 163 B
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Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 50,24  CNY
Last Close Price 51,91  CNY
Spread / Highest target 29,2%
Spread / Average Target -3,21%
Spread / Lowest Target -42,2%
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Guang Wu Kou President, General Manager & Director
Zeng Tai Liao Chairman & President
Yun Che Chairman-Supervisory Board
Jian Sheng Ding Director
Xing Tian Guo Director
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