--- title: "Steady operation builds a foundation, innovation expands boundaries to start a new journey — Wanfeng embarks on a new journey of high-quality development" type: "News" locale: "en" url: "https://longbridge.com/en/news/287749103.md" description: "Wanfeng achieved revenue of 552 million yuan in 2025, a year-on-year increase of 3.18%, with a net profit attributable to the parent company of 48.2588 million yuan, a year-on-year increase of 25.91%. The company enhances operational quality through technological innovation and green processes, avoids low-end competition, and deeply binds with high-quality customers. In the first quarter of 2026, revenue and net profit increased by 37.73% and 34.64% year-on-year, respectively" datetime: "2026-05-27T09:47:21.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/287749103.md) - [en](https://longbridge.com/en/news/287749103.md) - [zh-HK](https://longbridge.com/zh-HK/news/287749103.md) generator: "portal-rs" --- # Steady operation builds a foundation, innovation expands boundaries to start a new journey — Wanfeng embarks on a new journey of high-quality development In 2025, the domestic real economy steadily recovers, and the dye industry bids farewell to extensive development, accelerating its transformation towards greening, high-end, and concentration. The industry reshuffle continues to deepen, and the market overall presents a pattern of weak recovery and strong differentiation. In the face of a complex and changing macro environment and increasingly fierce industry competition, Wanfeng has consistently maintained strategic determination, anchoring on the core track of mid-to-high-end disperse dyes, empowering product upgrades through technological innovation, solidifying the operational foundation through capacity iteration, and broadening development space through global layout, achieving steady performance growth against the trend. Not only did it successfully conclude the 2025 operational goals, but it also achieved a significant leap in performance in the first quarter of 2026, fully demonstrating the operational resilience, core competitiveness, and long-term development potential of leading companies in the segment, standing firm and steadily breaking through in the structural transformation of the industry. Stable operational performance is an intuitive reflection of the company's core competitiveness. In 2025, the company's operational quality improved comprehensively, achieving annual revenue of 552 million yuan, a year-on-year increase of 3.18%; net profit attributable to shareholders was 48.2588 million yuan, a year-on-year increase of 25.91%, with a non-recurring net profit growth rate as high as 31.15%. The profit growth rate significantly outpaced revenue growth, with remarkable results in cost reduction, efficiency enhancement, and structural optimization. The production and sales performance was also impressive, with an annual production of 10,700 tons of disperse dyes and sales of 11,200 tons, achieving a capacity utilization rate of 107.20%, highlighting the market recognition of the products. Relying on the differentiated positioning of mid-to-high-end disperse dyes, the company avoided low-end homogeneous competition in the industry, deeply binding with high-quality clients in the leading sports apparel and automotive interior sectors, building a stable foundation. In the first quarter of 2026, the company's growth momentum continued to be released, with revenue and net profit increasing by 37.73% and 34.64% year-on-year, respectively, opening the curtain for steady growth throughout the year. Technological innovation and green processes are the core keys for the company to build industry barriers. The company continues to increase R&D investment, with R&D expenditure in 2025 increasing by 9.53% year-on-year, accumulating 36 valid authorized patents, and being recognized as a "Technology Center for Manufacturing Enterprises in Zhejiang Province," with its scientific research innovation strength receiving authoritative recognition. Among them, the non-reduction cleaning disperse dye developed in collaboration with Donghua University achieved a major technological breakthrough, with products adaptable to wide temperature and pH production scenarios, excellent color fastness, significantly simplifying the printing and dyeing process, and reducing overall energy consumption and pollutant emissions by about 30%, precisely aligning with the dual carbon policy and the trend of green transformation in the industry. It has now successfully entered mass production and is being marketed, becoming a core performance increment in 2026. Capacity upgrades and globalization efforts are working in tandem, continuously broadening the growth boundaries. In response to long-term capacity bottlenecks, the company's annual production capacity of 10,000 tons of disperse dye technical transformation project has successfully entered trial production, coupled with the steady advancement of functional dye transformation and R&D center construction projects, continuously upgrading capacity and R&D hardware. At the same time, the company is strategically laying out the global market, establishing a wholly-owned subsidiary in Vietnam in March 2025, promoting localized overseas services, effectively hedging against trade barrier risks, deeply cultivating the Southeast Asian industrial cluster, and forming a collaborative pattern of "domestic high-end intelligent manufacturing + overseas comprehensive sales expansion," continuously optimizing customer structure and market resilience Based on the present and planning for the long term, the company has officially launched a new dual-driven track of "dyes + new materials." Building on the solid advantages of its mid-to-high-end dyeing business, the company focuses on high-end new material fields such as BPADA and DOPOBQ, intensifying the research and production of key raw materials and resin products for polyimide, which can be widely applied in strategic emerging fields such as semiconductors, new energy, and high-end electronics, fully striving to create a second growth curve. As the industry's concentration continues to increase and the trend of green high-end development becomes more prominent, the company, with its solid core business foundation, leading technological barriers, and clear growth path, is expected to continuously seize industry dividends and achieve a dual breakthrough in stable operations and long-term development ### Related Stocks - [603172.CN](https://longbridge.com/en/quote/603172.CN.md) ## Related News & Research - [PharmAla Biotech says USPTO grants US patent for enantioselective MDMA, MBDB processes](https://longbridge.com/en/news/296608164.md) - [Bioextrax patent application enters regulatory review for new molasses-based PHA process](https://longbridge.com/en/news/296315743.md) - [11:50 ETZhang Ziyi: the new face of Clarins Precious](https://longbridge.com/en/news/296636390.md) - [Ehrmann Family Raises Artmarket.com Stake as AI Strategy and Intellectual Legacy Take Center Stage](https://longbridge.com/en/news/296707881.md) - [RUBBER-Japan futures set for best week in five months on strong China demand](https://longbridge.com/en/news/296556839.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**