Wanhua Chemical’s market value exceeds 400 billion yuan, surging by 120 billion yuan in just 1 month

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Shandong’s first company with a market value of over 400 billion yuan has been “born”. At 9:37 a.m. on February 4, the share price of Wanhua Chemical reached 127.40 yuan per share. Based on a total share capital of 3.14 billion shares, Wanhua Chemical’s total market value amounted to 400.036 billion yuan. It is the first listed company in Shandong with a market value of over 400 billion yuan, and it ranks second among the 395 listed companies in China’s chemical industry as measured by market value, right after Sinopec. During trading, the share price of Wanhua Chemical reached a high of 130.40 yuan per share, giving the company a total market value of 409.456 billion yuan. By the close of trading, Wanhua Chemical’s share price was fixed at 130 yuan per share, giving it a total market value of 408.2 billion yuan. Shandong Finance reported that as of the close on December 31, 2020, Wanhua Chemical’s total market value was 285.866 billion yuan; in other words, during the first month of 2021, Wanhua Chemical’s market value increased by 120 billion yuan ； To date, only 6 A-share listed companies in Shandong have a total market value of over 100 billion yuan, which illustrates the astonishing rate of growth in the market value of Wanhua Chemical. Looking further ahead, in late March 2020, the total market value of Wanhua Chemical was less than 120 billion yuan at its lowest point. In less than a year, the market value of Wanhua Chemical has more than tripled, breaking through the 200 billion yuan, 300 billion yuan, and 400 billion yuan marks. What are the secrets behind this? Wanhua Chemical’s recent continuous rise is driven by funds in the market that are pursuing the leading companies in this industry; ultimately, it is the high-performing stocks that hold a leading position in the industry that are recognized by the market. Wanhua Chemical is known as the “Huawei” of the petrochemical industry. In its semi-annual report for 2020, Wanhua Chemical stated that it has now become a global leader in MDI supply and services, as well as a major supplier of products such as TDI, ADI, polyethers, and TPU on a worldwide scale ； Building on the three integrated chemical industrial parks already established in Yantai, Ningbo, and Hungary, the Wanhua Fujian Industrial Park and Sichuan Meishan Industrial Park have been put under construction, with the goal of becoming a first-class chemical new materials company operating on a global scale. In terms of profitability, Wanhua Chemical has for many consecutive years held the title of the most profitable listed company in Shandong.