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Maoming Petro-Chemical Shihua Co Ltd

Maoming Petro-Chemical Shihua Co., Ltd manufactures and sells petrochemical products in China. Its offerings include polypropylene resin powder, low-aromatic environmentally friendly light white oil, industrial white oil, ethanolamine, petroleum gas, sec-butyl acetate, methyl tert-butyl ether (MTBE), c5 and c9 copolymer resin, tar resin, hydrogenated c9, industrial hydrogen peroxide, cold polymer resin, and high-purity and polyester-grade dicyclopentadiene. The company also produces and sells polypropylene, liquefied petroleum gas, MTBE, and hazardous chemicals, and engages in aquarium operation, food processing, new energy, cultural tourism, and trading. Founded in 1988, it is based in Maoming, China.

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Maohua Shihua's 2026 interim report shows net loss narrowed to 32.8086 million yuan

Maohua Shihua released its 2026 interim report. Total operating revenue was 1.777 billion yuan, up 20.05% year on year. Net profit attributable to the parent company was a loss of 32.8086 million yuan, an improvement of 49.8505 million yuan compared with the same period last year, marking a second consecutive year of improvement. Net cash inflow from operating activities was 2.2265 million yuan, an increase of 97.6629 million yuan from a year earlier. The company's latest asset-liability ratio was 71.14%, and gross margin was 4.76%, up 1.42 percentage points from the previous quarter, marking two consecutive quarters of improvement. Diluted earnings per share were a loss of 0.06 yuan, an improvement of 0.10 yuan from a year earlier. Total asset turnover was 0.91 times and inventory turnover was 12.80 times, both ranking third among peers. The number of shareholders was 24,900, and the top ten shareholders held 51.30% of total share capital.
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Maohua Shihua Wins Second Instance in 100 Million Yuan Loan Lawsuit, Court Rejects Baixin Ocean's Request to Revoke Resolution

Maohua Shihua has won the second instance in a 100 million yuan loan dispute. The Beijing Second Intermediate People's Court rejected the appeal by minority shareholder Baixin Ocean. The case originated from a shareholders' meeting of Xinwoda on May 27, 2025, which passed a resolution to provide a 100 million yuan loan to Maohua Shihua. Baixin Ocean, holding a 15 percent stake, argued that Maohua Shihua, which holds 85 percent, should have recused itself from voting, and sought to revoke the resolution and recover the loan. The first-instance court had already dismissed Baixin Ocean's lawsuit. The second-instance court found that, in the absence of provisions in law or the company's articles of association, Baixin Ocean's claim to revoke the resolution lacked basis. Maohua Shihua previously stated that the loan constitutes internal fund flows within the consolidated financial statements and has little impact on profits.
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