金融分析报告代写 financial analysis代写

Financial

Analysis

Report

2021

金融分析报告代写 In the competitive landscape of polyurethane industries, Wanhua has for main competitors, namely BASF, Covestro, Dow and Huntsman.

Part I Introduction  金融分析报告代写

Company Overview

The listed company was incorporated in 1998 as Yantai Wanhua Polyurethane Co., Ltd. Cofounder of the company, Wanhua Group Corporation, initially owned 93.25% shares. The company started its initial public offering in December 2000. The shares started to trade in the Shanghai Stock Exchange in January 2001. Wanhua Chemical Group Co.,Ltd. is among the global leading suppliers of chemical innovative products. Relying on the continuous innovation, commercialized facilities and efficient operation, the company provides customers with more competitive products and solutions. Wanhua Chemical has always been adhering to innovation and optimizing industrial structure. Their  business covers Polyurethanes (PUs), petrochemicals, and performance chemicals. The industries include homeware and furniture, sports and leisure, automobiles and transportation, building and construction, electronics and electrical appliances, personal care, and green energy.

Wanhua Chemical Group is one of the largest chemical producers of the world. According to Chemical & Engineering News, the listed company is ranked the 37^th in 2018 edition of the ranking, up from the 41^st in 2017 edition. As of 2019, it is the world’s largest producer of the polyurethane raw material methylene diphenyl diisocyanate (MDI). According to another source, the listed company is the second largest producer of the world for aliphatic diisocyanate (ADI) as well as the largest producer of China for toluene diisocyanate (TDI).

International Development (2008 to present)  金融分析报告代写

Wanhua Chemical has built up six key production complexes in Yantai, Ningbo, Sichuan, Fujian, and Zhuhai in China, and Hungary, which are integrated with complete supporting facilities. To provide our customers worldwide with competitive products and comprehensive solutions, Wanhua has established R&D centers in Yantai, Ningbo, and Beijing in China, as well as in North America and Europe, set up subsidiaries and offices in more than ten countries and regions including Europe, the United States, and Japan.

• In 2011, Wanhua acquired Hungary’s BorsodChem Zrt.
• In 2017, the Wanhua North America Technical  Center started operations, establishing Wanhua’s global R&D footprint.
• In 2019, Wanhua wholly acquired Chematur Technologies AB of Sweden.

Competition

In the competitive landscape of polyurethane industries, Wanhua has for main competitors, namely BASF, Covestro, Dow and Huntsman. Among them, the most dynamic and competitive, and the most comparable should be Covestro. Wanhua Chemical is also mentioned many times in the annual report of Covestro. The business distribution of Covestro is most similar to that of Wanhua, and there is a competitive relationship in the polyurethane series, petrochemical series and new material series.

Research and Development  金融分析报告代写

Wanhua’s innovations/R&D are mainly focusing on four areas:

• Polyurethane: Casting polyurethane (CPU) prepolymers with less than 0.5% free TDI, CPU prepolymers with solvent resistance, high-temperature resistance and wear resistance; rigid foam used in the ultra-low temperature cold insulation, which is reinforced by glass fiber, and is mainly applied to the thermal insula.
• Engineering Plastic and Polymers: Blending modification and applications of polycarbonate (PC) / Nylon 12; production and applications of super absorbent polymer (SAP), R&D in bio-based composite materials and biomimetic materials; downstream applications of special amine and epoxy curing agents; R&D and application of high-Performa.  金融分析报告代写
• Performance Chemicals and Advanced Technologies for Chemicals: R&D in adiponitrile and hexamethylendiamine; production technologies for downstream derivatives of ethylene/isobutene; R&D in bio-fermentation technology; chemicals used in personal care, construction, and home furnishings; relevant products and technologies in the field of catalytic hydrogenation.
• Environmentally Friendly Chemical Production Technologies and New Energies: Technologies for comprehensive utilization of waste carbon dioxide; low-cost and high-efficiency treatment technologies for high-density organic wastewater; low-cost and high-efficiency treatment technologies for chemical exhaust gases; research on technologies for degradation of polyolefin and PU m.

Financial Highlight

In 2018, the company achieved sales revenue of 60.621 billion yuan, a year-on-year increase of 14.11%; net profit attributable to shareholders of listed companies was 10.61 billion yuan, a year-on-year decrease of 4.71%; earnings per share were 3.88 yuan.

At the end of 2018, the company’s total assets were 76.913 billion yuan, a year-on-year increase of 16.84%; owners’ equity attributable to the parent company was 33.779 billion yuan, a year-on-year increase of 23.82%; the company’s weighted average return on equity was 36.82%, a year-on-year decrease of 13.84%; net assets per share 12.36 yuan, a year-on-year increase of 23.85%; the asset-liability ratio was 48.97%, a year-on-year decrease of 4.31%.

Part II Balance Sheet Analysis  金融分析报告代写

1. Asset Quality Analysis

Wanhua Chemical Group Co.Ltd.A

Statement of Financial Position, Assets

 In the past three years, although there was a slight decreasing from 2018 to 2019, the current assets increased dramatically from 2019 to 2020. Cash & short-term investments and total accounts receivable were the major components of current assets. The inventories of three years remained stable.  金融分析报告代写

 Non-current Assets

From the chart, it saw a significant rise in total non-current assets in 2020. The non-current assets accounted for 92,413MM, 72777MM and 48,108MM in 2020, 2019, 2018 respectively, meaning that firm utilized mainly the operating assets to innovations and equipment.

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