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← CockpitCompetitor Analysis › 002109.SZ Shaanxi Xinghua Chemistry Co., Ltd Class AOpen in the cockpit ↗

Shaanxi Xinghua Chemistry Co., Ltd Class A002109.SZCompetitor analysis, valuation and peers

China · CNY·Materials›Chemicals: Specialty
Momentum weak 23
Mkt cap
$473M
US dollars, full cap
Free float
25%
of shares outstanding
$/day
$1.92M
20-day average traded
P/B
0.82×
price to book
ROE
-4.0%
delivered
Implied ROE
5.9%
what the price asks
Close · CNYCN¥2.47
1D-1.2%
1W+0.8%
1M-13.6%
3M-6.1%
6M-38.9%
YTD-30.4%
1Y-35.2%
ATR %2.9%
52w lowhigh55.1% off high

What Shaanxi Xinghua Chemistry does

Employees: 1,939

Shaanxi Xinghua Chemistry at a glance

Size Shaanxi Xinghua Chemistry (002109.SZ) is a China Materials company (Chemicals: Specialty) with a market value of $473M, the 3992nd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥2.47 on 6 Nov 2026.

Performance Over six months the shares fell 38.9%, against -16.3% for the median peer and -16.4% for the China market (cap-weighted) — 4th lowest of 21 in its peer set.

Growth Revenue grew 19.9% over the last twelve months (peer median +11.5%); the operating margin is -1.4% (peer median 3.4%).

Valuation It trades at 0.82× book value against a peer median of 1.57× (6th cheapest of 20).

Price implies The share price implies a return on equity of about 5.9%; Shaanxi Xinghua Chemistry delivers -4.0%, so the price asks more than the business earns today.

Relative performance

608010011 May 202611 Aug 20266 Nov 2026Peer median 83002109.SZ 64
Six months, rebased to 100: Shaanxi Xinghua Chemistry against the median of its 20 peers (local-currency closes).

Shaanxi Xinghua Chemistry financials

Reported figures in CNY; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueCN¥4.28BCN¥3.55BCN¥4.06BCN¥3.69BCN¥3.23B
Revenue growth—-13%+10%+14%—
Gross profitCN¥682M-CN¥252MCN¥1.27M-CN¥113MCN¥579M
EBITDAn/aCN¥151MCN¥269MCN¥13.7MCN¥626M
Net income-CN¥158M-CN¥517M-CN¥435M-CN¥412MCN¥386M
Free cash flowCN¥320M-CN¥120MCN¥440M-CN¥250M-CN¥1.53B
Capital expenditureCN¥189MCN¥226MCN¥127MCN¥697MCN¥1.81B
Total debtCN¥4.27BCN¥4.42BCN¥4.53BCN¥4.55BCN¥4.03B

Quarterly statements and history in the cockpit →

Shaanxi Xinghua Chemistry competitor charts

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.

Performance: 6-month against 1-month return

-50%0%+50%-30%-20%-10%0%688203GUJALKALI603192600800036830LXCHEM603120074660539930092779423001321714BAK603725VHISOTL301518002109.SZ6-month return →1-month return →
Up and to the right = strong over both horizons. Shaanxi Xinghua Chemistry is the large dot.

Fundamentals: return on equity against price-to-book

-40%-20%0%20×40×688203GUJALKALI603192600800036830LXCHEM60312000205407466053993009273001321714603725VHISOTLASIX301518002109.SZReturn on equity →Price / book →
A bank or insurer earning more on its equity usually trades at a higher multiple of book; points far above the trend are priced for more. Shaanxi Xinghua Chemistry is the large dot.

Capital: ROE delivered against the ROE the price implies

-40%-20%0%20%-25%0%25%6882036031926008000368306031200746605399300927300132VHIASIX002109.SZROE delivered →ROE the price implies →
Above the diagonal = the price asks for a higher return on equity than the business earns today. Shaanxi Xinghua Chemistry is the large dot.

Shaanxi Xinghua Chemistry competitors and peer comparison

How Shaanxi Xinghua Chemistry compares with its peers

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.

Shaanxi Xinghua Chemistry against its 20 peers (data as of 6 Nov 2026)
Measure002109.SZPeer medianRank in peer set
1-month return-13.6%-11.8%10th lowest of 21
6-month return-38.9%-16.3%4th lowest of 21
Return on equity-4.0%6.2%4th lowest of 20
Price / book0.82×1.57×6th cheapest of 20
ROE the price implies5.9%14.4%4th least demanding of 20
ROE delivered-4.0%6.5%4th lowest of 17

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthROEPrice / bookImplied ROEDelivered ROE
Shaanxi Xinghua Chemistry 002109.SZChina$473M-39%+20%-4%0.82×5.9%-4.0%
Zhejiang Hisun Biomaterials 688203.SSChina$473M+16%+47%2%2.10×16.9%2.2%
Gujarat Alkalies & Chemicals GUJALKALI.NSIndia$476M-23%+7%0%0.86×14.4%n/a
Shanghai Huide Science & Technology 603192.SSChina$476M-15%+2%4%1.45×11.5%3.8%
Tian Jin Bohai Chemical 600800.SSChina$479M-37%-24%-45%3.71×27.8%-44.5%
Soulbrain 036830.KSSouth Korea$480M-55%+16%10%0.36×5.2%9.9%
Laxmi Organic Industries LXCHEM.NSIndia$480M0%+5%4%2.28×32.5%n/a
Kente Catalysts 603120.SSChina$465M+6%+9%7%3.17×28.0%6.8%
Dymatic Chemicals 002054.SZChina$465M-25%+21%7%1.15×8.8%7.1%
Lee & Man Chemical 0746.HKHong Kong$465M-9%+3%9%0.53×5.5%8.8%
Jiangxi Chenguang New Materials 605399.SSChina$482M-30%+15%-6%1.57×14.0%-6.1%
Nantong Jiangtian Chemical 300927.SZChina$463M-29%+51%9%2.98×30.6%8.7%
JSP 7942.TJapan$462M+29%+14%9%0.67×6.8%9.4%
FuJian Nox Bellcow 300132.SZChina$459M-37%+18%13%1.95×16.2%12.8%
Ho Tung Chemical 1714.TWTaiwan$459M+67%+36%10%1.15×4.9%9.5%
Braskem S.A. Sponsored ADR Pfd BAKUnited States$457M-70%-1%n/an/an/an/a
Guangdong Tianan New Material 603725.SSChina$489M+9%-12%6%3.93×30.5%6.2%
Valhi VHIUnited States$456M+11%+3%-5%0.44×6.2%-4.8%
Savita Oil Technologies SOTL.NSIndia$491M+61%+26%10%2.56×40.4%n/a
Advansix ASIXUnited States$454M-17%+8%-3%0.58×7.7%-2.8%
Changhua Chemical Technology 301518.SZChina$452M-45%+17%-3%1.88×19.1%-3.1%

Questions

Which companies are Shaanxi Xinghua Chemistry's closest peers?
The cockpit's peer set: Zhejiang Hisun Biomaterials (688203.SS), Gujarat Alkalies & Chemicals (GUJALKALI.NS), Shanghai Huide Science & Technology (603192.SS), Tian Jin Bohai Chemical (600800.SS), Soulbrain (036830.KS), Laxmi Organic Industries (LXCHEM.NS), Kente Catalysts (603120.SS), Dymatic Chemicals (002054.SZ).
Is Shaanxi Xinghua Chemistry expensive compared with its peers?
On price / book it trades at 0.82× against a peer median of 1.57×, 6th cheapest of 20 in its peer set. The share price implies a return on equity of about 5.9%; Shaanxi Xinghua Chemistry delivers -4.0%, so the price asks more than the business earns today.
How has Shaanxi Xinghua Chemistry stock performed?
Over six months to 6 Nov 2026 the shares returned -38.9% against -16.3% for the median peer; over one year -35.2%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.