Dear all:
As we bid farewell to the old year and welcome the new, I would like to extend my heartfelt thanks and sincere wishes to all employees, their families, partners, and friends from all walks of life who have supported the development of the company. I also want to express my gratitude to all the Wanhua people who are working hard in various locations, both domestically and abroad, on all fronts. Thank you for your hard work!
Looking back on the past year, we have seen the severe impact of the pandemic and the downward period of global chemical industry. With the combined efforts of all staff, we have overcome challenges, allowing Wanhua to take another solid step forward on our great journey.
In 2022, all Wanhua employees lived up to the core value of "customer orientation" and earned the trust of our customers. Despite repeated shocks from the pandemic, the staff of all production bases stood firm and supported each other to ensure the plants’ stable operation, met the customers’ needs, and fought for high-quality delivery.
In 2022, we pioneered innovation and win-win cooperation. Key breakthroughs have been made in the innovation of high-performance engineering plastics products. The successful production of silicon copolymerized PC and nylon 12 has produced one highlight after another. The joint work between the universities and Wanhua is proving fruitful. We are cooperating with Peking University, East China University of Science and Technology, Beijing University of Chemical Technology, and other universities to carry out research projects and explore the technology frontier in the field of new chemical materials, which will provide unlimited possibilities for the sustainable development.
In 2022, the construction of new projects has been continuing rapidly. The ethylene project (phase II), the fine chemicals integration, and Penglai Industrial Park (Phase I) project were successfully kicked off, adding new momentum to the construction of our world-leading chemical company. The bisphenol A plant, Fujian MDI integration project and Sichuan acetylene industry chain project were put into operation. Behind each achievement is the courage and sweat of thousands of staff in Wanhua and the shoulders of involved partners.
In 2022, the excellent operation started a new chapter. On one hand, the company’s “dual-carbon” strategy is steadily advancing, with remarkable economic, social, and environmental benefits, empowering "Green Wanhua". On the other hand, "Smart Wanhua" has reached a new level to provide digital support for excellent operations. S4/HANA has been fully launched and adopted by our global business. Also, we have never stopped exploring the boundary of Wanhua Chemical and have established battery materials and technology company, integrating internal and external resources to accelerate the further development of our new energy business and create a second growth curve. Furthermore, we continued to enhance the long-term motivation of the staff by implementing a stock ownership incentive.
In 2022, talent building has accelerated. More than 5,000 new employees have joined our family, bringing new vitality to the development of the company. With the mission of cultivating "talents with six dimensions", we fully integrated internal and external resources to accelerate the enhancement of leadership, professional and vocational abilities. A special training session has been conducted for production teams, which enhanced the operation stability. With the full cooperation, it strengthens the ability and level of production talents and forges a high-level production backbone group.
In 2022, you stood firm in the front, you were fearless to push forward, you were busy in advancing, you persevered... Thousands of efforts shined and the love rooted in the heart of every person in Wanhua became the source of strength for us to overcome difficulties and challenges.
The new year is the start of the company’s five-year general policy of "implementing high-quality investment strategy and consolidating the foundation of sustainable development". We should grasp the “Year of Projects”, plan projects more scientifically and sustainably, realize more efficient and high-quality investments, and help Wanhua achieve great development. We should insist on building Wanhua's excellent culture progressively, continuously stimulate the sense of mission and creativity of talents, cultivate more "talents with six dimensions", and to shape first-class innovation ability with first-class talent. At the same time, we will strengthen the organizational efficiency, optimize the systems and procedures, consolidate the safety management capability, and enhance the level of excellent operation.
"Rome was not build in a day". Going forward we will continue to bravely fight against difficulties and challenges, strive to build a world-class chemical new materials company and create a more fruitful era.
Finally, I wish you all good health, happiness, and good luck in the new year!
Chairman: Liao Zengtai
December 31, 2022
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