Introduction
Zhejiang Xinhua Chemical Co., Ltd. (浙江新化化工股份有限公司) is a Chinese fine chemicals manufacturer based in Jiande, Zhejiang Province, with roots in 1967 and a corporate restructuring into a joint-stock company in 2008; the company was later listed on the Shanghai Stock Exchange Main Board in 2019 under stock code 603867. Its business is centered on organic amines, organic solvents, synthetic fragrances, peroxides, synthetic ammonia, surfactants, flame retardants, and related fine chemicals, making it a diversified supplier to downstream industrial sectors such as pesticides, pharmaceuticals, coatings, inks, new energy, and water treatment.
In the plastics and broader process industries ecosystem, Xinhua is positioned less as a resin producer and more as a specialty and intermediate chemicals supplier whose outputs support formulations, additives, processing auxiliaries, and adjacent industrial chains. The company also presents itself as a manufacturer with multi-site production capacity, quality and environmental management systems, and a technical focus that includes DCS automation and proprietary process know-how in C2–C8 organic amines and turpentine-derived aroma chemicals.
History and Development
Xinhua traces its origins to the Xinanjiang Fertilizer Factory founded in 1967, giving the business a long industrial lineage before its later transformation into a modern fine chemicals company. On June 16, 2008, it was established as Zhejiang Xinhua Chemical Co., Ltd., derived from Jiande City Xinhua Chemical Co., Ltd., marking the transition toward a broader specialty chemicals portfolio.
A second major milestone was its 2019 listing on the Shanghai Stock Exchange, which strengthened access to capital and increased its visibility in China’s public-market chemicals sector. The company also reports that it developed a four-base manufacturing footprint across Zhejiang, Jiangsu, Jiangxi, and Ningxia, reflecting a gradual expansion beyond its original Jiande location.
Business Operations and Segments
The company’s principal activity is the production and sale of fine chemicals rather than commodity petrochemicals. Public profile materials describe several interconnected product families:
- Fatty and organic amines
- Organic solvents
- Synthetic fragrances
- Peroxides
- Synthetic ammonia and related intermediates
- Surfactants and flame retardants
- Organophosphorus chemicals and extractants
Its customer base spans industrial users in agrochemicals, pharmaceuticals, coatings, inks, water treatment, and new energy applications. The company also indicates that it operates manufacturing, storage, distribution, import-export, and custom chemical activities, suggesting a vertically integrated operating model within its specialty chemical niche.
Products and Technologies
Xinhua’s product mix includes a range of amines such as isopropylamine, diisopropylamine, ethylamine, n-propylamine, and n-butylamine, which are widely used as intermediates in chemical synthesis. Its solvent portfolio includes isopropyl alcohol and isopropyl ether, while its fragrance products include compounds such as p-tert-butylcyclohexyl acetate, o-tert-butylcyclohexyl acetate, peony nitrile, sandalwood-type materials, and salicylates.
The company states that it has applied DCS automatic control technology in production, indicating a degree of process automation in synthesis and plant operations. It also reports provincial enterprise research and technical centers, suggesting internal capability in formulation, process optimization, and product development. In practical terms, this profile is characteristic of a specialty chemicals producer that must manage reaction selectivity, purity control, hazardous material handling, and downstream application consistency across multiple product lines.
Applications and End Markets
Xinhua’s products feed into several industrial sectors that are relevant to plastics manufacturing and conversion supply chains, including:
- Coatings and inks, where solvents and amine derivatives are used in formulation chemistry.
- Pesticides and agrochemicals, where amines and intermediates serve as building blocks for active ingredients and auxiliaries.
- Pharmaceuticals, where high-purity intermediates are used in synthesis routes.
- New energy and electronics-related applications, as noted in market descriptions of its end-use profile.
- Water treatment and industrial processing, where surfactants, solvents, and related chemicals are used.
In the broader plastics value chain, such specialty chemicals may be used in additives, processing aids, coatings for plastic articles, and auxiliary formulation systems, although the company is not primarily identified as a polymer resin maker.
Global Presence and Market Position
Xinhua states that its products are sold in more than 20 countries and regions, and third-party trade data indicate export activity into markets including India, Indonesia, and Pakistan. This suggests an export-oriented component, though the company remains primarily rooted in Mainland China.
Public market data describe the company as a specialty chemicals producer with roughly 1,100–1,300 employees depending on the source and reporting date. Its market position is best understood as a regional Chinese supplier with international trade reach, rather than a global petrochemical major.
Sustainability and Environmental Initiatives
The company says it has adopted a strategic policy centered on “People Oriented,” scientific and technological innovation, integrity management, and sustainable development. It also states that it has obtained ISO 9001, ISO 14001, and occupational health and safety certification under GB/T 28001, indicating formal management systems for quality, environment, and workplace safety.
Additional company and profile materials indicate attention to pollution prevention, energy conservation, emission reduction, and green chemistry. Independent listings also note certifications or disclosures associated with carbon footprint and sustainability-oriented frameworks, though the extent of these measures varies by source and should be interpreted alongside the company’s own reporting.
Financial Performance and Economic Impact
As a publicly listed manufacturer, Xinhua contributes to the industrial economy through specialty chemical production, employment, export activity, and upstream/downstream linkages in Zhejiang and other provinces. Market summaries report revenue in the range of roughly CNY 2.9 billion and net income of roughly CNY 230–260 million in recent periods, although these figures vary by platform and reporting date.
The company’s economic footprint is also reflected in its role as a supplier to multiple process industries that rely on stable access to intermediates, solvents, and formulation chemicals.
Leadership and Corporate Governance
Public market profiles identify Sibin Ying as General Manager and Chairman, with Yiqin Hong as CFO and Jianhong Hu as Board Secretary and Director among the named leadership roles. Other listings also reference a supervisory structure and independent directors, consistent with the governance requirements of a Shanghai-listed company.
The company’s registered address is No. 909 Xinanjiang Road, Yangxi Street, Jiande, Zhejiang Province. Its governance structure appears consistent with a manufacturing company balancing operational leadership, finance, engineering, and board oversight.
Innovations and Future Outlook
Xinhua’s innovation profile is built around process chemistry expertise, especially in amines and fragrance intermediates, and around the application of automation and plant management systems. The company’s technical centers and research infrastructure suggest that future development is likely to focus on product refinement, process efficiency, environmental performance, and expansion of higher-value specialty chemicals.
For the plastics and chemicals ecosystem, the company’s outlook will depend on several factors: feedstock volatility, environmental regulation, downstream demand in coatings and formulation markets, export competitiveness, and the pace of specialty-chemical upgrading. Its established industrial base and diversified product portfolio provide flexibility, while its sustainability commitments and automation capabilities may support further process modernization.
Summary
Zhejiang Xinhua Chemical Co., Ltd. is a long-established Chinese specialty chemical producer whose business spans amines, solvents, fragrances, peroxides, and related fine chemicals. With a history dating to 1967, public listing in 2019, and a multi-base manufacturing structure, the company occupies a meaningful niche in China’s chemical supply chain and in several downstream industries relevant to plastics manufacturing and industrial formulation.
References
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CPS+ eMarketplace. (n.d.). ZHEJIANG XINHUA CHEMICAL CO., LTD.ZHEJIANG XINHUA CHEMICAL CO., LTD.. CPS+ eMarketplace. https://www.chinaplasonline.com/eMarketplace/ExhibitorInfo?CompId=1026750Link