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Wanhua 2020 latest financial report: net profit exceeds 10billion yuan! The president's remuneration is 3.41 million yuan

Wanhua 2020 latest financial report: net profit exceeds 10billion yuan! The president's remuneration is 3.41 million yuan

On March 16, 2021, Wanhua chemical (600309) recently released its 2020 annual report. During the reporting period, the company achieved an operating revenue of 73.432 billion yuan, an increase of 7.4% year-on-year 91% of the connecting wires shall not be connected incorrectly; The net profit attributable to shareholders of listed companies was 10.041 billion yuan, a year-on-year decrease of 0.8 US dollars. This cooperation with BASF includes: direct commercial utilization of new materials and new technologies docking 7%

the net cash flow from operating activities during the reporting period was 16849705990.71 yuan, and the net assets attributable to shareholders of listed companies by the end of 2020 was 48780345139.19 yuan

in 2020, the company took "customer-oriented year" as the management theme, around "Make good products and provide good services. In 2020, the COVID-19 hit the global economy hard. The company seized the opportunity of China's effective epidemic control and the recovery of downstream demand, and all business segments achieved good sales performance coatings.

polyurethane business takes MDI and TDI as the core, focusing on improving the capabilities of two support platforms, polyether and modified MDI. Product drivers and customer solutions are developed in two lines, constantly improving the quality of the global supply chain Refine the management level and improve the customer service ability. During the epidemic, the company actively responded to customer needs, timely adjusted marketing and service strategies, and coordinated global marketing and technical resources to provide customers with more diverse differentiated products and solutions and create value for customers

the fine chemicals business continues to maintain rapid growth. The globalization layout of ADI business and obvious rotation of domestic and overseas business have effectively responded to the great challenges brought by the epidemic; The industrialization process of emerging businesses was accelerated, and the incubation capacity of new businesses was improved. At the end of 2020, the surface materials division was officially renamed as the emerging technology division; Through process optimization and market expansion, the competitiveness of new materials business continues to increase; With the commissioning of phase II project, the product quality and sales volume of PC business have further improved; Advanced materials business has achieved a number of commercial orders for new products in the existing experimental machine parts design manual

the financial expenses during the period were 1076414576.66 yuan, 1079748165.38 yuan in the same period of last year, a year-on-year decrease of 0.31%. The investment income during the period was 179166573.98 yuan, 158918810.28 yuan in the same period of last year, an increase year on year

the announcement shows that the remuneration of directors, supervisors and senior managers during the reporting period totaled 21.0859 million yuan. Director and chairman Liao zengtai received a total pre tax remuneration of 1.3096 million yuan from the company, director and President Kou Guangwu received a total pre tax remuneration of 3.4153 million yuan from the company, and vice president, financial principal and Secretary of the board of directors Li Limin received a total pre tax remuneration of 2.0702 million yuan from the company

the announcement revealed that the profit distribution plan or the plan for converting public accumulation fund into capital stock during the reporting period reviewed by the board of directors: Based on the total capital stock of 3139746626.00 shares as of December 31, 2020, the profit available for distribution to all shareholders was distributed to all shareholders for every 10 shares with a cash dividend of 13 yuan (including tax), with a total distributed profit of 4081670613.80 yuan, and the remaining undistributed profit of 8961944179.51 yuan was carried forward to future annual distribution

Wanhua chemical is mainly engaged in the R & D, production and sales of polyurethane (MDI, TDI, polyether polyols), ethylene, propylene and its downstream HDPE, LLDPE, PP, PVC, acrylic acid, propylene oxide and other series of petrochemical products, sap, TPU, PC, PMMA, organic amine, ADI, water-borne coatings and other fine chemicals and new materials

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