Wanhua Chemical Group, headquartered in Yantai, has been ranked 84th out of the top 500 listed Chinese companies, with the firms judged according to their market value.

The market value of Wanhua reached 176.4 billion yuan ($25.2 billion) with a growth of 130 percent, ranking first among chemical industrial companies on the list.

Wanhua Chemical was listed on the main board of the Shanghai Stock Exchange in January 2001. After decades of development, it has developed into a world-leading chemicals manufacturer.

The group has set up offices in more than 10 countries, including the United States, Hungary, Japan, and India. It has more than 13,000 employees worldwide, of whom nearly one third are foreigners.

Its main business focuses on the R&D, production, and sales of functional materials, acrylic acid, and polyurethane (PU).

It has also established R&D centers in Shanghai and Hungary, as well as R&D bases in Beijing and Ningbo.