Modified materials, as an important component of the organic polymer new materials sector, represent an industry that is a key focus of China's industrial policy. With the support of industry policies, the market for modified materials still has enormous potential.
Recently, as the 2025 semi-annual financial reporting season progresses, modified plastics listed companies have been disclosing their performance, highlighting the increasingly competitive landscape of the industry. Below is the annual performance of 19 listed modified plastics companies.
Wanhua Chemical
On August 11, Wanhua Chemical released its 2025 semi-annual report. The report shows that the company's operating income was 90.901 billion yuan, a year-on-year decrease of 6.35%; the net profit attributable to the parent company was 6.123 billion yuan, a year-on-year decrease of 25.1%. In the first quarter of 2025, the company achieved an operating income of 43.068 billion yuan, a year-on-year decrease of 6.70%.
Golden Hair Technology
On August 25, Kingfa Sci. & Tech. Co., Ltd. released its semi-annual report for 2025. The report shows that the company's operating revenue was 31.636 billion yuan, a year-on-year increase of 35.5%; the net profit attributable to the parent company was 585 million yuan, a year-on-year increase of 54.12%. In the first quarter of 2025, the operating revenue was 15.67 billion yuan, a year-on-year increase of 49.06%, and the net profit attributable to the parent company was 246 million yuan, a year-on-year increase of 138.20%.
Guoen Co., Ltd.
On August 29, Guoen Co., Ltd. released its 2025 semi-annual report, showing that the company achieved an operating revenue of 9.75 billion yuan, a year-on-year increase of 4.58%, and a net profit attributable to shareholders of 346 million yuan, a year-on-year increase of 25.94%. In the first quarter of 2025, the company achieved an operating revenue of 4.412 billion yuan, a year-on-year decrease of 0.23%, and a net profit attributable to shareholders of 111 million yuan, a year-on-year decrease of 9.79%.
Pritt
On August 21, Puli Technology released its semi-annual report for 2025. The report shows that the company's operating revenue was 4.089 billion yuan, an increase of 9.06% year-on-year, and the net profit attributable to shareholders was 207 million yuan, an increase of 43.94% year-on-year. In the first quarter of 2025, the company achieved an operating revenue of 1.934 billion yuan, a decrease of 0.68% year-on-year, and the net profit attributable to shareholders was 109 million yuan, an increase of 38.95% year-on-year.
Huitong Co., Ltd.
On August 29, Huitong Co., Ltd. released its 2025 semi-annual report, which shows that the company's operating revenue was 3.02 billion yuan, an increase of 10.63% year-on-year; the net profit attributable to shareholders was 105 million yuan, an increase of 10.19% year-on-year. In the first quarter of 2025, the company achieved an operating revenue of 1.468 billion yuan, a year-on-year increase of 15.07%, and a net profit attributable to shareholders of 50 million yuan, a year-on-year increase of 14.67%.
Dawn Holdings
On August 25th, Dawn Polymer released its 2025 semi-annual report. The report shows that the company's operating revenue was 2.881 billion yuan, a year-on-year increase of 24.08%; the net profit attributable to shareholders was 84 million yuan, a year-on-year increase of 25.8%. In the first quarter of 2025, the company achieved an operating revenue of 1.286 billion yuan, a year-on-year increase of 6.58%, and a net profit attributable to shareholders of 44 million yuan, a year-on-year increase of 25.44%.
Jushi Chemical
On August 25th, Jushi Chemical released its semi-annual report for 2025. The report shows that the company achieved a total operating income of 1.977 billion yuan, an increase of 10.05% year-on-year, with a net profit attributable to the parent company of 0.03 billion yuan, up 82.48% year-on-year. In the first quarter of 2025, the company achieved an operating income of 1.108 billion yuan, a decrease of 7.36% year-on-year, with a net profit attributable to the parent company of 0.08 billion yuan.
Tongyi Co., Ltd.
On August 26, Tongyi Co., Ltd. released its semi-annual report for 2025, showing that the company's operating revenue was 1.547 billion yuan, an increase of 13.67% year-on-year; the net profit attributable to the parent company was 6 million yuan, an increase of 12.46% year-on-year. In the first quarter of 2025, the company achieved an operating revenue of 724 million yuan, an increase of 30.18% year-on-year, while the net profit attributable to the parent company was 3.2304 million yuan, a decrease of 6.29% year-on-year.
Nanjing Julong
On August 20, Nanjing Julong released its semi-annual report for 2025. The report shows that the company achieved an operating revenue of 1.257 billion yuan, an increase of 25.75% year-on-year; the net profit attributable to the parent company was 57 million yuan, an increase of 40.73% year-on-year. In the first quarter of 2025, the company achieved a total operating revenue of 595 million yuan, an increase of 32.48% year-on-year, and the net profit attributable to the parent company was 30.5277 million yuan, an increase of 33.56% year-on-year.
Silver Jubilee Technology
On August 8, Yinxi Technology released its semi-annual report for 2025. The report shows that the operating income was 1.085 billion yuan, an increase of 23.99% year-on-year; the net profit attributable to the parent company was 48 million yuan, an increase of 82.39% year-on-year. In the first quarter of 2025, the total operating income reached 515 million yuan, an increase of 30.18% year-on-year; the net profit attributable to the parent company was 17.9162 million yuan, a substantial increase of 687.67% year-on-year.
Wote Corporation
On August 22, Water Co., Ltd. released its 2025 semi-annual report, showing that the company achieved an operating revenue of 906 million yuan, up 12.29% year-on-year; net profit attributable to shareholders was 18 million yuan, up 23.94% year-on-year.
On August 15th, Jecsan released its semi-annual report for 2025, indicating that the company's operating revenue was 886 million yuan, representing a year-on-year increase of 9.78%. The net profit attributable to shareholders was 23 million yuan, reflecting a year-on-year increase of 24.25%.
Meilian New Materials
On August 26, Meilian New Materials released its semi-annual report for 2025. The report showed that the company's operating revenue was 878 million yuan, a year-on-year increase of 3.1%; net profit attributable to shareholders was -16 million yuan, a year-on-year decrease of 146.89%. In the first quarter of 2025, the company achieved total operating revenue of 448 million yuan, a year-on-year increase of 6.54%, and net profit attributable to shareholders of 9.4014 million yuan, a year-on-year decrease of 64.54%.
Jusailon
On August 28, Jusaileon released its semi-annual report for 2025. The report shows that the company's operating revenue was 748 million yuan, a year-on-year decrease of 1.41%; the net profit attributable to shareholders was 22 million yuan, a year-on-year increase of 48.8%. In the first quarter of 2025, the company achieved an operating revenue of 360 million yuan, a year-on-year increase of 5.76%, and a net profit attributable to shareholders of 15.8023 million yuan, a year-on-year increase of 9.32%.
Hechang Aggregation
On August 20th, Hechang Juhe released its semi-annual report for 2025. The report shows that the company's operating revenue was 879 million yuan, an increase of 26.83% year-on-year; the net profit attributable to the company's shareholders was 73 million yuan, an increase of 23.43% year-on-year. In the first quarter of 2025, total operating revenue reached 435 million yuan, an increase of 32.23% year-on-year; the net profit attributable to shareholders was 33.8432 million yuan, an increase of 12.54% year-on-year.
Jiangsu Boyun
On August 18, Jiangsu Boyun released its semi-annual report for 2025. The report shows that the company's operating revenue was 286 million yuan, a year-on-year decrease of 8.01%; the net profit attributable to the company's shareholders was 55 million yuan, a year-on-year decrease of 19.37%. In the first quarter of 2025, the company achieved total operating revenue of 149 million yuan, a year-on-year increase of 5.29%; the net profit attributable to shareholders was 32.17 million yuan, a year-on-year decrease of 2.50%.
Kobayashi
On August 28, Kobeir released its 2025 half-year report. The report shows that the company's operating revenue was 234 million yuan, an increase of 8.93% year-on-year; net profit attributable to shareholders of the company was 13 million yuan, a decrease of 38.2% year-on-year. In the first quarter of 2025, the company achieved a total operating revenue of 119 million yuan, an increase of 19.19% year-on-year; net profit attributable to shareholders was 9.277 million yuan, an increase of 2.51% year-on-year.
Qide New Materials
On August 28, Qide New Materials released its semi-annual report for 2025, which shows the company's operating income.
179 millionThe total operating revenue in the first quarter of 2025 reached 87.572 million yuan, representing a year-on-year increase of 24.22%. The net profit attributable to the company's shareholders was 4.058 million yuan, which is a year-on-year increase of 17.16%. The net profit attributable to the company's shareholders was 9 million yuan, representing a year-on-year increase of 117.86%.
======== translates to "Spring Technology" in English.
On August 26th, Quanwei Technology released its semi-annual report for 2025. The report shows that the company's operating revenue was 46 million yuan, a year-on-year decrease of 68.28%; the net profit attributable to the company's shareholders was -37 million yuan, a year-on-year increase of 21.73%. In the first quarter of 2025, the total operating revenue was 23.096 million yuan, a year-on-year decrease of 61.58%; the net profit attributable to shareholders was -16.678 million yuan, a year-on-year increase of 13.29%.
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