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    600309   CNE0000016J9

WANHUA CHEMICAL GROUP CO., LTD.

(600309)
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End-of-day quote Shanghai Stock Exchange  -  2022-12-08
93.40 CNY   +1.04%
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Wanhua Chemical : Progresses on Polyurethane Recycling Technologies as a Leap Toward Circular Economy

09/23/2022 | 08:41am EST
Wanhua Chemical Progresses on Polyurethane Recycling Technologies as a Leap Toward Circular Economy
TIME :2022-09-23

The rigid polyurethane (PU) foam recyclingpilot plantat Wanhua Chemicalkicked off in July, which is a milestone for its efforts to implement PU recycling and reuse.

The waste PU material is used to produce high-compatible repolyol through chemical processes, which can be directly used for foaming, same as the origin polyol. The process significantly reduces carbon emissions with no compromise on product properties and performance. It opens a new channel for industries like refrigeration, mattress or automobile dismantling to deal with the waste PU foam and empower the value chain both in economic and environmental aspects. Besides,Wanhua Chemical has produced qualified repolyolin the laboratory using soft PU foam recycling technology and its pilot production can start next year.

In the future, Wanhua Chemical will continue to develop PU recycling solution and head to circular economy.

Disclaimer

Wanhua Chemical Group Co. Ltd. published this content on 23 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 September 2022 12:40:02 UTC.


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Financials
Sales 2022 167 B 23 955 M 23 955 M
Net income 2022 18 095 M 2 601 M 2 601 M
Net Debt 2022 37 978 M 5 459 M 5 459 M
P/E ratio 2022 16,1x
Yield 2022 2,47%
Capitalization 293 B 42 156 M 42 156 M
EV / Sales 2022 1,99x
EV / Sales 2023 1,91x
Nbr of Employees 19 692
Free-Float 48,1%
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Number of Analysts 17
Last Close Price 93,40 CNY
Average target price 112,82 CNY
Spread / Average Target 20,8%
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Managers and Directors
Guang Wu Kou President, General Manager & Director
Li Min Li Chief Financial Officer, Secretary & VP
Zeng Tai Liao Chairman
Hao Cong Chairman-Supervisory Board
Jin Zhang Independent Director
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