On June 26, Qingdao Haiwan Chemical Co., Ltd. held the founding meeting and the first extraordinary shareholders meeting. After voting and approval by all the sponsors, it was unanimously agreed to change the overall restructuring of "Qingdao Haiwan Chemical Co., Ltd." into "Qingdao Haiwan Chemical Co., Ltd. Co., Ltd.”, marking a solid step forward for Gulf Chemical to advance its IPO.
In November 2021, Qingdao Haiwan Chemical Co., Ltd. successfully introduced the "National Reform Double Hundred Development Fund" and a foreign strategic investor, released 13% of the equity ratio, and successfully achieved mixed reform before listing.
Gulf Chemical is a subsidiary of Qingdao Gulf Group and has now become a leading enterprise in the domestic chlor-alkali chemical industry. In 2016, Gulf Chemical started the industrial upgrading of ethylene-process polyvinyl chloride . Currently, the annual output of ethylene-process polyvinyl chloride is 800,000 tons, ranking first in the country, and its product quality is high-end. It has achieved import substitution in many fields and is firmly in the domestic market. Ethylene method PVC top spot.
Currently, Gulf Chemical is actively promoting the construction of new projects. The 200,000 tons/year polystyrene project is under construction. The subsequent layout and construction of the bisphenol A project will start the layout and production of Gulf Chemical in the propylene industry chain. Bisphenol A products will be widely used in high-end manufacturing fields such as high-end polycarbonate , epoxy resin , automobiles, and robots, promoting the coordinated extension of Gulf Chemical from simple chlor-alkali chemical industry to chlor-alkali chemical industry and petrochemical industry, from basic chemical industry to Raw material-based production is expanding into the field of high-end new material production.
From 2018 to 2020, Gulf Chemical achieved operating income of 7.78 billion yuan, 8.608 billion yuan, and 8.583 billion yuan respectively, and net profits of 541 million yuan, 381 million yuan, and 381 million yuan respectively. In 2021, Qingdao Haiwan Group achieved sales revenue of 17.462 billion yuan, a year-on-year increase of 87%; total profits were 3.21 billion yuan, a year-on-year increase of 224%, and its main operating indicators reached record highs. Wang Wei
