Major Domestic Modified Plastic Enterprises See Rising Profits from Bioplastics by 2025

1. Jinfatech

Jinfa Technology Co., Ltd. is primarily engaged in the research and development, production, and sales of new chemical materials. The main products of Jinfa Technology include modified plastics, environmentally friendly high-performance recycled plastics, biodegradable plastics, special engineering plastics, carbon fibers and composite materials, light hydrocarbons and hydrogen energy, polypropylene resins, styrene-based resins, and biomedical high polymer materials.

In the first half of 2025, the company achieved an operating revenue of 31.636 billion yuan, a year-on-year increase of 35.5%; the net profit attributable to the parent company was 585 million yuan, a year-on-year increase of 53.95%. The main products in the first half of 2025 included modified plastics, traded goods, and green petrochemical products, accounting for 52.07%, 20.65%, and 18.85% of the total revenue, respectively.

2. Guoen Co., Ltd.

Qingdao Gon Technology Co., Ltd.'s main businesses are the large chemical industry and large health industry. Gon Technology's main products include organic polymer modified materials, organic polymer composite materials, green petrochemical materials and new materials, gelatin, collagen and its derivatives, as well as biomedicine and health products.

In the first half of 2025, the company achieved operating revenue of 9.754 billion yuan, a year-on-year increase of 4.58%; the net profit attributable to the parent company was 346 million yuan, a year-on-year increase of 25.82%. The main products in the first half of 2025 included organic polymer modified materials, green petrochemical materials and new materials, and organic polymer composites, accounting for 50.38%, 20.11%, and 17.71% of the total revenue, respectively.

3. Dawen Co., Ltd.

Shandong Dawn Polymer Co., Ltd.'s main business involves the research and development, production, and sales of functional polymer composite materials such as thermoplastic elastomers, modified plastics, masterbatches, biodegradable materials, and copolyester materials. Dawn Polymer's main products are thermoplastic elastomers, modified plastics, masterbatches, biodegradable materials, and copolyester materials.

In the first half of 2025, the company achieved a revenue of 2.881 billion yuan, representing a year-on-year growth of 24.07%. The net profit attributable to shareholders reached 84 million yuan, marking a year-on-year increase of 25.37%. The main products in the first half of 2025 included modified plastics and thermoplastic elastomers, accounting for 73.88% and 13.08% of the total revenue, respectively.