← Jiangsu Sidike New Materials Sci Te overview

Jiangsu Sidike New Materials Sci Te vs Wanhua Chemical: why the prices moved differently

Weekly · monthly · quarterly news summaries, side by side in time

Jiangsu Sidike New Materials Sci Te (300806.CS)

Q3 202624 Jul – 23 Sep 2026

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Sidike's profit jumps and it bets big on MLCC materials

First-half profit up 82% Sidike's first-half 2026 net profit rose 82.38% to 46.0 million yuan, with second-quarter profit up 102% from the first quarter. Stronger earnings show the business is growing and can support the stock price.
This is the core fundamental improvement that makes the stock more valuable.
Cash flow and debt raise caution The same interim report showed operating cash flow was negative 72.8 million yuan, a sharp reversal from last year, and the debt ratio was 67.51%. Weak cash generation and high borrowing are a real risk that can weigh on the stock.
It is the main counterweight to the good profit news and gives a fair picture.
MLCC boom lifts demand MLCC prices have surged since June 2026, with high-capacitance parts up 60–80%, and overseas leaders reported record profits and orders. Sidike is a top gainer in the MLCC concept, so the industry upcycle supports its sales and stock price.
It explains the strong industry demand behind Sidike's products and share-price gains.
1.65 billion yuan expansion Sidike plans to invest 1.652 billion yuan in a new plant to make 103,000 tonnes of high-end BOPET base film, mainly for MLCC manufacturing. This big capacity bet aims to capture growing demand, though it needs shareholder and government approvals.
It is the largest new capital commitment and directly ties Sidike to the MLCC supply chain.

August 202624 Jul – 23 Sep 2026

▲3

Sidike's profit jumps and it bets big on MLCC materials

First-half profit up 82% Sidike's first-half 2026 net profit rose 82.38% to 46.0 million yuan, with second-quarter profit up 102% from the first quarter. Stronger earnings show the business is growing and can support the stock price.
This is the core fundamental improvement that makes the stock more valuable.
Cash flow and debt raise caution The same interim report showed operating cash flow was negative 72.8 million yuan, a sharp reversal from last year, and the debt ratio was 67.51%. Weak cash generation and high borrowing are a real risk that can weigh on the stock.
It is the main counterweight to the good profit news and gives a fair picture.
MLCC boom lifts demand MLCC prices have surged since June 2026, with high-capacitance parts up 60–80%, and overseas leaders reported record profits and orders. Sidike is a top gainer in the MLCC concept, so the industry upcycle supports its sales and stock price.
It explains the strong industry demand behind Sidike's products and share-price gains.
1.65 billion yuan expansion Sidike plans to invest 1.652 billion yuan in a new plant to make 103,000 tonnes of high-end BOPET base film, mainly for MLCC manufacturing. This big capacity bet aims to capture growing demand, though it needs shareholder and government approvals.
It is the largest new capital commitment and directly ties Sidike to the MLCC supply chain.

Latest24 Jul – 23 Sep 2026

▲3

Sidike's profit jumps and it bets big on MLCC materials

First-half profit up 82% Sidike's first-half 2026 net profit rose 82.38% to 46.0 million yuan, with second-quarter profit up 102% from the first quarter. Stronger earnings show the business is growing and can support the stock price.
This is the core fundamental improvement that makes the stock more valuable.
Cash flow and debt raise caution The same interim report showed operating cash flow was negative 72.8 million yuan, a sharp reversal from last year, and the debt ratio was 67.51%. Weak cash generation and high borrowing are a real risk that can weigh on the stock.
It is the main counterweight to the good profit news and gives a fair picture.
MLCC boom lifts demand MLCC prices have surged since June 2026, with high-capacitance parts up 60–80%, and overseas leaders reported record profits and orders. Sidike is a top gainer in the MLCC concept, so the industry upcycle supports its sales and stock price.
It explains the strong industry demand behind Sidike's products and share-price gains.
1.65 billion yuan expansion Sidike plans to invest 1.652 billion yuan in a new plant to make 103,000 tonnes of high-end BOPET base film, mainly for MLCC manufacturing. This big capacity bet aims to capture growing demand, though it needs shareholder and government approvals.
It is the largest new capital commitment and directly ties Sidike to the MLCC supply chain.

Wanhua Chemical Group Co Ltd (600309.CG)

Q3 202631 Jul – 29 Sep 2026

▲3

Wanhua's profit surges on price hikes and tight MDI supply

Wanhua leads global MDI/TDI price hikes Wanhua and rivals Huntsman and BASF raised MDI and TDI prices by $200-300 per tonne, driven by higher costs and plant maintenance. As the world's largest MDI producer, Wanhua benefits directly from higher prices, lifting its revenue and profit.
This is the core pricing driver behind Wanhua's earnings surge and stock appeal.
First-half profit jumps 64%, dividend announced Wanhua reported first-half revenue up 31% to 119.3 billion yuan and net profit up 64% to 10.06 billion yuan, with a 2.5 billion yuan dividend. Strong results confirm the upcycle and reward shareholders, supporting the stock price.
Earnings and dividend are the clearest fundamental proof of the company's health.
Global MDI supply stays tight through 2028 Analysts expect a global MDI supply-demand gap of about 220,000 tonnes from 2026 to 2028, with capacity shifting to China where Wanhua has a cost advantage. Tight supply supports higher prices and margins for Wanhua.
This structural supply gap underpins the positive long-term outlook for Wanhua's main product.
Maintenance shutdowns and restarts balance supply Wanhua's Yantai MDI plant shut for 45 days from August 10 and restarted by September 29, while its Fujian and Hungarian units also resumed. These routine outages temporarily tighten supply but restore volumes, keeping overall supply stable.
Plant maintenance and restarts affect near-term supply but are routine and largely neutral for the big picture.

August 202631 Jul – 29 Sep 2026

▲3

Wanhua's profit surges on price hikes and tight MDI supply

Wanhua leads global MDI/TDI price hikes Wanhua and rivals Huntsman and BASF raised MDI and TDI prices by $200-300 per tonne, driven by higher costs and plant maintenance. As the world's largest MDI producer, Wanhua benefits directly from higher prices, lifting its revenue and profit.
This is the core pricing driver behind Wanhua's earnings surge and stock appeal.
First-half profit jumps 64%, dividend announced Wanhua reported first-half revenue up 31% to 119.3 billion yuan and net profit up 64% to 10.06 billion yuan, with a 2.5 billion yuan dividend. Strong results confirm the upcycle and reward shareholders, supporting the stock price.
Earnings and dividend are the clearest fundamental proof of the company's health.
Global MDI supply stays tight through 2028 Analysts expect a global MDI supply-demand gap of about 220,000 tonnes from 2026 to 2028, with capacity shifting to China where Wanhua has a cost advantage. Tight supply supports higher prices and margins for Wanhua.
This structural supply gap underpins the positive long-term outlook for Wanhua's main product.
Maintenance shutdowns and restarts balance supply Wanhua's Yantai MDI plant shut for 45 days from August 10 and restarted by September 29, while its Fujian and Hungarian units also resumed. These routine outages temporarily tighten supply but restore volumes, keeping overall supply stable.
Plant maintenance and restarts affect near-term supply but are routine and largely neutral for the big picture.

Latest31 Jul – 29 Sep 2026

▲3

Wanhua's profit surges on price hikes and tight MDI supply

Wanhua leads global MDI/TDI price hikes Wanhua and rivals Huntsman and BASF raised MDI and TDI prices by $200-300 per tonne, driven by higher costs and plant maintenance. As the world's largest MDI producer, Wanhua benefits directly from higher prices, lifting its revenue and profit.
This is the core pricing driver behind Wanhua's earnings surge and stock appeal.
First-half profit jumps 64%, dividend announced Wanhua reported first-half revenue up 31% to 119.3 billion yuan and net profit up 64% to 10.06 billion yuan, with a 2.5 billion yuan dividend. Strong results confirm the upcycle and reward shareholders, supporting the stock price.
Earnings and dividend are the clearest fundamental proof of the company's health.
Global MDI supply stays tight through 2028 Analysts expect a global MDI supply-demand gap of about 220,000 tonnes from 2026 to 2028, with capacity shifting to China where Wanhua has a cost advantage. Tight supply supports higher prices and margins for Wanhua.
This structural supply gap underpins the positive long-term outlook for Wanhua's main product.
Maintenance shutdowns and restarts balance supply Wanhua's Yantai MDI plant shut for 45 days from August 10 and restarted by September 29, while its Fujian and Hungarian units also resumed. These routine outages temporarily tighten supply but restore volumes, keeping overall supply stable.
Plant maintenance and restarts affect near-term supply but are routine and largely neutral for the big picture.