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Makes soda ash and baking soda from natural soda deposits in Inner Mongolia, plus coal-based urea fertiliser.
Makes soda ash and baking soda from natural soda deposits in Inner Mongolia, plus coal-based urea fertiliser.
Earns most of its income from soda ash, a raw material for glass and detergents, made from natural soda deposits in Inner Mongolia, which is cheaper than the synthetic route. Baking soda and coal-based urea fertiliser are the other lines. It exited coal and methanol and renamed itself Berun Chemical in 2025.
Moat: narrow (cost advantage, scale). Natural-soda soda ash costs less than synthetic soda ash; large Alxa capacity gives scale.
Headquarters: Ordos, China · Founded: 1997 · Employees: 4,916
Size Inner Mongolia Berun Chemical (000683.SZ) is a China Materials company (Chemicals: Specialty) with a market value of $3.36B, the 771st largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥6.12 on 6 Nov 2026.
Performance Over six months the shares fell 31.7%, against -19.3% for the median peer and -16.4% for the China market (cap-weighted) — 7th lowest of 21 in its peer set.
Growth Revenue grew 11.2% over the last twelve months (peer median +14.0%); the operating margin is 13.3% (peer median 10.7%).
Valuation It trades at 13.8× forward earnings against a peer median of 19.0× (7th cheapest of 21).
Capital Return on invested capital runs 0.6 points above its cost of capital (6.4% WACC).
Next results Next results expected around 27 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥12.8B | CN¥12.1B | CN¥13.2B | CN¥12.0B | CN¥10.9B |
| Revenue growth | — | -9% | +10% | +10% | — |
| Gross profit | CN¥4.71B | CN¥3.48B | CN¥5.23B | CN¥4.77B | CN¥4.32B |
| EBITDA | n/a | CN¥3.87B | CN¥5.16B | CN¥4.49B | CN¥3.97B |
| Net income | CN¥1.01B | CN¥942M | CN¥1.81B | CN¥1.41B | CN¥2.66B |
| Free cash flow | -CN¥1.60B | -CN¥813M | CN¥3.17B | -CN¥533M | CN¥88.3M |
| Capital expenditure | CN¥2.87B | CN¥3.38B | CN¥1.34B | CN¥3.68B | CN¥3.27B |
| Total debt | CN¥15.5B | CN¥13.0B | CN¥9.88B | CN¥11.4B | CN¥9.45B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Inner Mongolia Berun Chemical 000683.SZ | $3.36B | -32% | +11% | 13% | 13.8× | n/a |
| Shandong Haihua 000822.SZ | $509M | -36% | -10% | -33% | n/a | n/a |
| Tangshan Sanyou Chemical Industries 600409.SS | $1.72B | -28% | +1% | 1% | 24.0× | 4.5% |
| Shandong Hualu-Hengsheng Chemical 600426.SS | $8.27B | -32% | +3% | 16% | 12.3× | -2.5% |
| Hubei Yihua Chemical Industry 000422.SZ | $1.60B | -42% | +15% | 5% | 15.2× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 000683.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +6.2% | -5.1% | 3rd highest of 21 |
| 6-month return | -31.7% | -19.3% | 7th lowest of 21 |
| Distance from 52-week high | -38.8% | -39.1% | 10th highest of 21 |
| Revenue growth (TTM) | +11.2% | +14.0% | 10th lowest of 21 |
| Operating margin | 13.3% | 10.7% | 9th highest of 21 |
| Forward P/E | 13.8× | 19.0× | 7th cheapest of 21 |
| ROIC minus cost of capital | +0.6 pp | +2.1 pp | 10th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Inner Mongolia Berun Chemical 000683.SZ | China | $3.36B | -32% | +11% | 13% | 13.8× | n/a | n/a |
| Guangzhou Guanggang Gases and Energy 688548.SS | China | $3.39B | -14% | +21% | 20% | 62.3× | n/a | n/a |
| Hexpol HPOL-B.ST | Sweden | $3.30B | +28% | -1% | 14% | 15.6× | 3.1% | +7.6% |
| Levima Advanced Materials 003022.SZ | China | $3.17B | -34% | +66% | 10% | 30.1× | n/a | n/a |
| NOF 4403.T | Japan | $3.60B | -22% | +13% | 17% | 13.5× | -6.1% | +8.4% |
| Hawkins HWKN | United States | $3.14B | -10% | +9% | 11% | 33.9× | 15.2% | +12.7% |
| Luxi Chemical 000830.SZ | China | $3.13B | -36% | -1% | 4% | 12.1× | -1.4% | +10.6% |
| Shanghai Haoyuan Chemexpress 688131.SS | China | $3.11B | +30% | +28% | 13% | 59.6× | 32.0% | +35.2% |
| Cabot CBT | United States | $3.67B | -17% | +1% | 14% | 10.9× | -3.2% | +1.9% |
| Ningbo Shanshan 600884.SS | China | $3.71B | -34% | +30% | 9% | 14.4× | 4.5% | +21.3% |
| Novoray 688300.SS | China | $3.76B | -9% | +23% | 26% | 52.7× | 47.6% | +22.6% |
| XTC New Energy Materials (Xiamen) 688778.SS | China | $3.01B | -52% | +78% | 4% | 19.2× | 16.0% | +20.0% |
| Mitsubishi Gas Chemical 4182.T | Japan | $3.78B | -31% | +3% | 8% | 10.6× | n/a | n/a |
| Pangang Group Vanadium & Titanium Resources 000629.SZ | China | $3.83B | -24% | +6% | 4% | 68.8× | 27.2% | -3.4% |
| Hangzhou Oxygen Plant 002430.SZ | China | $3.89B | -16% | +16% | 11% | 20.9× | 2.9% | +8.5% |
| IMEIK Technology Development 300896.SZ | China | $3.92B | -21% | -7% | 45% | 23.3× | 18.8% | +28.0% |
| Qingdao Gon Technology 2768.HK | Hong Kong | $2.88B | +13% | +20% | 7% | 10.3× | n/a | n/a |
| Sichuan Qiaoyuan Gas 301286.SZ | China | $2.88B | -4% | +8% | 26% | 73.4× | 31.8% | +8.0% |
| Air Water 4088.T | Japan | $3.93B | +23% | +7% | 4% | 14.3× | 7.1% | +6.8% |
| Beijing Easpring Material Technology 300073.SZ | China | $2.86B | -45% | +116% | 5% | 18.8× | n/a | n/a |
| Bluestar Adisseo 600299.SS | China | $3.97B | -35% | +15% | 13% | 11.8× | -8.6% | +7.7% |