Loading…
Loading…
Wanhua Chemical is the world's largest producer of MDI (methylene diphenyl diisocyanate) and China's largest TDI producer, running integrated polyurethane/petrochemical complexes at Yantai, Ningbo and
Named counterparties identified by open-source research and written only where a primary source states the relationship — never inferred from sector or co-mention. 5 suppliers, 5 customer-side. This is a partial view: it covers the relationships we could evidence, not the company's full supply base.
RMB 462.85m. Disclosed only because trade-business (贸易业务) revenue exceeded 10% of operating revenue, triggering a separate customer/supplier sub-table for that segment; name withheld. related_party inferred false from the company-wide top-5 figure (0% related-party) since this sub-table's total (RMB 1.4893bn/7.33%) is near-identical to the company-wide top-5 total (RMB 1.5400bn/7.58%) — not separately disclosed for this sub-table itself.
RMB 287.64m. Same trade-business sub-table as 客户一; same related_party inference caveat.
RMB 274.86m. Same trade-business sub-table as 客户一; same related_party inference caveat.
RMB 256.34m. Same trade-business sub-table as 客户一; same related_party inference caveat.
RMB 207.59m. Same trade-business sub-table as 客户一; same related_party inference caveat.
RMB 643.70m. Disclosed only because trade-business revenue exceeded 10% of operating revenue, triggering a separate sub-table; name withheld. related_party inferred false from the company-wide top-5 supplier figure (0% related-party) since this sub-table's total (RMB 1.8229bn/11.42%) sits inside the company-wide top-5 total (RMB 3.7790bn/23.66%) — not separately disclosed for this sub-table itself.
RMB 448.01m. Same trade-business sub-table as 供应商一; same related_party inference caveat.
RMB 252.82m. Same trade-business sub-table as 供应商一; same related_party inference caveat.
RMB 244.24m. Same trade-business sub-table as 供应商一; same related_party inference caveat.
RMB 234.12m. Same trade-business sub-table as 供应商一; same related_party inference caveat.
Scope. Absence of a counterparty here is not evidence that none exists — most commercial sourcing is confidential and never becomes public. Rows without a share figure mean no share was disclosed, not that the relationship is small.
Every exposure is read as a buyer dependency; the top 3 are its binding chokepoints.
As a buyer, policy pressure across its consumed materials is flat.
Descriptive trend in official policy actions on this company’s materials — a policy-pressure trend, not a price or trading signal. No forward probability is implied. Direction is measured on actions we have discovered, and discovery lags events: where the recent window is too thin to support a calm reading, the row says coverage-limited instead of easing.
No actions in the register have named or swept this company in the last 24 months.