Wankai New Materials Reports Strong Growth in First-Half 2026

From January to June 2026, the company recorded RMB 9.652 billion in operating revenue, representing a 17.52% year-on-year increase. Net profit attributable to shareholders reached RMB 562 million, up 910.09% year on year.

The strong financial performance reflects improving conditions in the polyester value chain, as well as Wankai New Materials' continued focus on operational efficiency, production management and global market development.

Bottle-Grade PET Remains the Core Business

Bottle-grade polyethylene terephthalate (PET) continued to be the company's principal business during the reporting period.

In the first half of 2026, bottle-grade PET generated RMB 9.226 billion in revenue, accounting for 95.59% of total operating revenue. The increase was supported by higher PET sales volumes and improved average selling prices.

Against a backdrop of significant fluctuations in upstream raw material costs, Wankai maintained a flexible approach to production, procurement and sales. The company strengthened inventory management and optimized its production and supply-chain processes to improve cost efficiency and respond more effectively to changing market conditions.

The company reported a production-to-sales ratio of 108.42% during the first half of the year, reflecting strong market demand and active sales performance.

Benefiting from a Gradual Recovery in the PET Market

The global polyester market experienced signs of recovery in the first half of 2026. Improvements in supply-demand dynamics and a rebound in PET processing margins contributed to a more favorable operating environment for the bottle-grade PET sector.

Wankai New Materials continued to leverage its production scale, operational management capabilities and international market presence to capture opportunities arising from the market recovery.

With a broad customer base across domestic and international markets, Wankai has established long-term cooperation with numerous food and beverage companies. Its diversified customer structure and international sales network provide a stable foundation for continued business development.

Strengthening Global Supply Capabilities

Looking ahead, Wankai New Materials will continue to focus on improving production efficiency, strengthening supply-chain management and expanding its global market presence.

The gradual development of overseas production capacity and the advancement of new projects are expected to further strengthen the company’s long-term growth potential and international supply capabilities.

As global demand for high-quality PET packaging materials continues to evolve, Wankai New Materials remains committed to providing reliable bottle-grade PET solutions and stable supply to customers worldwide.

Source: Wankai New Materials 2026 Half-Year Report