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Major Xinjiang chemical producer making PVC, caustic soda and viscose fiber from local coal and salt resources.
Major Xinjiang chemical producer making PVC, caustic soda and viscose fiber from local coal and salt resources.
Makes PVC by the calcium-carbide route, using local coal, salt and its own power plants so raw materials turn into plastic, caustic soda and fibre in one chain. Most income comes from PVC and caustic soda sold at market prices, so it follows Chinese construction demand. A Xinjiang government-owned group controls it.
Moat: narrow (cost advantage, scale). Low-cost Xinjiang coal and salt feedstock gives a structural cost edge in PVC/chlor-alkali production.
Headquarters: Urumqi, Xinjiang, China · Employees: 26,075
Size Xinjiang Zhongtai Chemical (002092.SZ) is a China Industrials company (Wholesale Distributors) with a market value of $1.57B, the 1568th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥4.06 on 6 Nov 2026.
Performance Over six months the shares fell 41.3%, against -3.7% for the median peer and -16.4% for the China market (cap-weighted) — 4th lowest of 20 in its peer set.
Growth Revenue grew 7.0% over the last twelve months (peer median +0.1%); the operating margin is 3.3% (peer median 8.0%).
Valuation It trades at 25.4× forward earnings against a peer median of 16.2× (4th most expensive of 14).
Price implies For today's price to make sense, revenue must grow about -4% a year for seven years (Req g). Recent delivered growth is -19%, so the hurdle is +15 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 0.3 points above its cost of capital (5.0% WACC).
Next results Next results expected around 1 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥30.3B | CN¥28.4B | CN¥29.7B | CN¥36.9B | CN¥51.4B |
| Revenue growth | — | -4% | -19% | -28% | — |
| Gross profit | CN¥8.06B | CN¥5.29B | CN¥4.42B | CN¥3.15B | CN¥6.51B |
| EBITDA | n/a | CN¥5.38B | CN¥4.16B | CN¥1.69B | CN¥4.92B |
| Net income | -CN¥30.9M | -CN¥289M | -CN¥977M | -CN¥2.87B | CN¥776M |
| Free cash flow | CN¥575M | CN¥234M | CN¥2.92B | -CN¥98.7M | CN¥26.7M |
| Capital expenditure | CN¥2.41B | CN¥2.98B | CN¥2.94B | CN¥4.27B | CN¥5.30B |
| Total debt | CN¥34.1B | CN¥40.5B | CN¥38.3B | CN¥32.2B | CN¥37.4B |
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 |
|---|---|---|---|---|---|---|
| Xinjiang Zhongtai Chemical 002092.SZ | $1.57B | -41% | +7% | 3% | 25.4× | -4.2% |
| Xinjiang Tianye 600075.SS | $1.04B | -41% | -10% | -3% | n/a | n/a |
| Wanhua Chemical 600309.SS | $34.1B | -19% | +37% | 11% | 11.3× | -2.6% |
| Formosa Plastics 1301.TW | $12.1B | +22% | -11% | -2% | 21.4× | 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 | 002092.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -8.1% | 0.0% | 10th lowest of 21 |
| 6-month return | -41.3% | -3.7% | 4th lowest of 20 |
| Distance from 52-week high | -54.8% | -31.1% | 5th lowest of 21 |
| Revenue growth (TTM) | +7.0% | +0.1% | 8th highest of 21 |
| Operating margin | 3.3% | 8.0% | 3rd lowest of 19 |
| Forward P/E | 25.4× | 16.2× | 4th most expensive of 14 |
| Growth the price implies (Req g, 7 yrs) | -4.2% | 5.8% | 7th least demanding of 17 |
| Growth delivered (Del g) | -19.5% | +8.0% | lowest of 17 |
| Hurdle (Req g minus delivered) | +15.3 pp | -6.4 pp | 5th most demanding of 17 |
| ROIC minus cost of capital | +0.3 pp | +1.9 pp | 9th lowest of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Xinjiang Zhongtai Chemical 002092.SZ | China | $1.57B | -41% | +7% | 3% | 25.4× | -4.2% | -19.5% |
| Hillman Solutions HLMN | United States | $1.62B | +6% | +6% | 6% | 13.3× | 17.9% | +2.6% |
| Distribution Solutions DSGR | United States | $1.62B | +27% | +6% | 4% | 40.9× | 15.5% | +41.3% |
| Electrolux Professional EPRO-B.ST | Sweden | $1.52B | +20% | -4% | 10% | 16.2× | 4.9% | +10.9% |
| ZheJiang Dong Ri 600113.SS | China | $1.48B | -46% | -1% | 16% | n/a | 38.5% | +7.6% |
| Mitani 8066.T | Japan | $1.45B | +4% | +1% | 10% | n/a | -12.2% | -3.1% |
| Norinco International Cooperation 000065.SZ | China | $1.72B | -23% | -21% | 9% | 13.5× | -5.1% | +1.1% |
| Anhui Xinhua Media 601801.SS | China | $1.72B | -3% | -16% | 4% | 13.6× | n/a | n/a |
| Minmetals Development 600058.SS | China | $1.40B | -22% | -16% | 1% | n/a | 20.4% | -4.7% |
| Arteche Lantegi Elkartea ART.MC | Spain | $1.77B | -36% | +11% | 14% | 25.2× | 7.2% | +13.9% |
| ADI Global Distribution ADIG | United States | $1.39B | n/a | +14% | 4% | 11.9× | n/a | n/a |
| Hour Glass AGS.SI | Singapore | $1.38B | +10% | +18% | 15% | 10.4× | -8.7% | +12.5% |
| AGTech 8279.HK | Hong Kong | $1.78B | +109% | +24% | 8% | n/a | -14.9% | +36.3% |
| Happinet 7552.T | Japan | $1.82B | +133% | +19% | 3% | 16.2× | -4.1% | +11.1% |
| Shanghai Luoman Technologies 605289.SS | China | $1.35B | -45% | +170% | 13% | 49.9× | 36.2% | +25.7% |
| Inaba Denkisangyo 9934.T | Japan | $1.82B | -4% | +15% | 8% | n/a | -11.9% | +8.5% |
| Tibet Huayu Mining 601020.SS | China | $1.83B | -48% | -22% | 23% | n/a | n/a | n/a |
| Pengxin International Mining 600490.SS | China | $1.85B | -32% | -20% | n/a | n/a | 6.6% | -17.2% |
| Jiangxi Tungsten Rare and Precious Equipment 600397.SS | China | $1.86B | -13% | -92% | n/a | 156.9× | n/a | n/a |
| Travis Perkins TPK.L | United Kingdom | $1.86B | +28% | 0% | 3% | 23.2× | 8.5% | +4.3% |
| Taikisha 1979.T | Japan | $1.32B | -5% | -1% | 8% | 10.6× | -13.3% | +7.2% |