[2] In 1995, the factory was re-incorporated as a limited company as 烟台万华合成革集团有限公司,[7] or in short, Wanhua Group Corporation (Chinese: 万华集团公司).
[2] However, Wanhua Group Corporation retained several production line such as the supply chain of liquid chlorine, sodium hydroxide, pure water, steam vapour and electricity.
Central Government owned bad banks managers China Huarong (Chinese: 华融; pinyin: Huáróng) and China Cinda (Chinese: 信达; pinyin: Xìndá) were the minority shareholders.
[13] Yantai Huali was a combined steam and electric power supplier of the listed company.
[11][17] In 2013, Wanhua Industrial Group recapitalized another RMB4 billion and diluting the stake of the existing shareholders.
[18] Wanhua Industrial Group was interested to buy Hungarian company BorsodChem in the late 2000s.
In 2017, the State-owned Assets Supervision and Administration Commission (SASAC) of the Yantai Municipal People's Government, transferred 39.497% stake of Wanhua Industrial Group to another city government-owned company Yantai Guofeng (Chinese: 烟台国丰投资控股有限公司; pinyin: Yāntái guófēng tóuzī kònggǔ yǒuxiàn gōngsī).
[13] Yantai's SASAC acquired the aforementioned stake from its subsidiary Wanhua Group Corporation in 2015.
[27] As of 31 December 2018, after the split, Wanhua Industrial Group had a net assets of RMB4.930 billion.
[1] It owned 33.07% shares of Wanhua EnergySave Science and Technical Group[1][28] (Chinese: 万华节能科技集团 or known as WanhuaEnergySav Science Technical Group[29][30]) The shares of that company were formerly traded in Chinese OTC system National Equities Exchange and Quotations as NEEQ:838261 until June 2018.