Wanhua Chemical Group Co Ltd (Wanhua Chemical) manufactures and distributes chemical products in China. Its products find applications in the chemical industry, light industry, construction, textile, household electrical appliances, construction materials, and transportation sectors. The company classifies its products into four categories: Polyurethane Series, Petrochemical Series, Fine chemicals and New Materials Series, and Others.

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Wanhua Chemical has undertaken several R&D initiatives, including plant optimization and technical iteration, development of new technologies such as ultra-low hydrochloric acid ratio, and enhancement of product quality while reducing costs. The company has focused on breaking through key technologies in fine chemicals and high-end new chemical materials, successfully starting self-developed devices, and entering new fields such as nutrition and health. The R&D units of Wanhua Chemical include the Wanhua Group Global R&D Center, High Performance Materials Research Institute, Polyurethane Application Research Institute, Chemical Design Institute, North American Technical Center, and the Technical Center in Godollo, Hungary. Wanhua Chemical has several R&D centers, including the National Engineering Research Center for Advanced Polymers, National Certified Enterprise Technology Center, National Technical Standard Innovation Base (New Chemical Materials), and nine National Certified Analytical Laboratories. The company has applied for more than 8,800 invention patents and received 649 new authorizations in the latest year. It has formed major technology alliances with over 30 well-known universities and scientific research institutes. In FY2024, the company spent CNY4,550.3 million in R&D, which accounted for 2.5% of the company revenue.