The Path and Effect of Digital Transformation in Chemical Enterprises: A Case Study of Wanhua Chemical

Driven by the Digital China Strategy, process industries represented by the chemical industry are currently facing core propositions of safety and controllability, green and low-carbon development, and high-end breakthroughs. Through new-generation information technologies such as the industrial internet and artificial intelligence (AI), digital transformation reconstructs the entire R&D-production-service chain, serving as a key path to address the "bottleneck" dilemma. Taking Wanhua Chemical as a case study, this paper explores the specific path of its digital transformation and evaluates the transformation effect from both financial and non-financial dimensions, aiming to provide practical experience for the digital transformation of chemical enterprises. The study finds that Wanhua Chemical has carried out digital transformation at three levelsfoundation, application, and ecologyachieving improvements in financial performance such as operational capacity and growth capacity, while also benefiting from non-financial aspects including organizational structure, R&D innovation, and green and low-carbon development.