GreenergyDaily

Apr. 21, 2026

China's Wanhua Chemical reported solid first-quarter earnings growth, as the company highlighted plans to expand its global presence to navigate rising trade uncertainties.

Net income rose rose 21% to 3.72 billion yuan in the first quarter, according to a filing late Monday. Revenue reached 54.1 billion yuan, up 25.5% from a year earlier.

Wanhua attributed the quarterly performance to higher prices and improved margins for its main products in March. Wanhua is the world's biggest producer of methylene diphenyl diisocyanate, used to make insulation foam, and typically buys feedstock from the Middle East.

In its separately released 2025 annual report, the company reported full-year revenue of 203.2 billion yuan, up 11.6%, while net income declined 3.9% to 12.5 billion yuan.

"The company is strengthening its global market presence and accelerating expansion in emerging markets to mitigate trade barriers," Wanhua said in its earnings statement.