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Sichuan chlor-alkali producer making PVC and caustic soda, with some battery/graphite-material interests.
Sichuan chlor-alkali producer making PVC and caustic soda, with some battery/graphite-material interests.
Moat: none (scale). PVC and caustic soda are commodity chemicals priced on national supply/demand.
Headquarters: Yibin, Sichuan, China · Employees: 5,270
Size Yibin Tianyuan (002386.SZ) is a China Materials company (Chemicals: Specialty) with a market value of $1,000M, the 2298th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥5.12 on 6 Nov 2026.
Performance Over six months the shares fell 26.8%, against -18.0% for the median peer and -16.4% for the China market (cap-weighted) — 7th lowest of 20 in its peer set.
Growth Revenue grew 13.6% over the last twelve months (peer median +6.9%); the operating margin is 2.9% (peer median 11.1%).
Valuation It trades at 1.1× enterprise value to sales against a peer median of 2.9× (3rd cheapest of 21).
Capital Return on invested capital runs 1.7 points below its cost of capital (5.6% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥13.5B | CN¥11.3B | CN¥13.4B | CN¥18.4B | CN¥20.3B |
| Revenue growth | — | -16% | -27% | -10% | — |
| Gross profit | CN¥1.81B | CN¥791M | CN¥246M | CN¥512M | CN¥1.39B |
| EBITDA | n/a | CN¥720M | CN¥107M | CN¥340M | CN¥1.27B |
| Net income | CN¥326M | CN¥87.8M | -CN¥460M | CN¥40.0M | CN¥551M |
| Free cash flow | -CN¥999M | -CN¥1.27B | -CN¥942M | -CN¥1.37B | CN¥704M |
| Capital expenditure | CN¥1.04B | CN¥1.06B | CN¥1.26B | CN¥1.77B | CN¥290M |
| Total debt | CN¥10.9B | CN¥9.30B | CN¥9.47B | CN¥8.13B | CN¥7.31B |
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.
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 | 002386.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -13.4% | -11.3% | 10th lowest of 21 |
| 6-month return | -26.8% | -18.0% | 7th lowest of 20 |
| Distance from 52-week high | -31.2% | -44.4% | 3rd highest of 21 |
| Revenue growth (TTM) | +13.6% | +6.9% | 9th highest of 21 |
| Operating margin | 2.9% | 11.1% | 8th lowest of 21 |
| EV / Sales | 1.1× | 2.9× | 3rd cheapest of 21 |
| ROIC minus cost of capital | -1.7 pp | -1.0 pp | 9th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Yibin Tianyuan 002386.SZ | China | $1,000M | -27% | +14% | 3% | 1.1× | n/a | n/a |
| Hangjin Technology 000818.SZ | China | $988M | -35% | -29% | -8% | 3.2× | 18.9% | +3.2% |
| Guangzhou Lingwe Technology 301373.SZ | China | $1.01B | -37% | +15% | 26% | 11.0× | 35.6% | +7.4% |
| Kureha 4023.T | Japan | $1.02B | +7% | +7% | 10% | 1.5× | 4.1% | +2.3% |
| Jiujiang Shanshui Technology 301190.SZ | China | $983M | +32% | +54% | 19% | 5.9× | n/a | n/a |
| Lihuayi Weiyuan Chemical 600955.SS | China | $978M | -39% | +18% | -8% | 0.8× | n/a | n/a |
| Shikoku Kasei 4099.T | Japan | $1.03B | -26% | +20% | 18% | 1.7× | 5.0% | +6.5% |
| Shinkong Synthetic Fibers 1409.TW | Taiwan | $1.03B | +23% | -7% | 14% | 2.1× | n/a | n/a |
| Jiangsu Evergreen New Material Technology 603125.SS | China | $1.03B | -23% | +38% | 19% | 4.4× | n/a | n/a |
| Ningbo Changhong Polymer Scientific & Technical 605008.SS | China | $1.04B | -11% | -12% | -1% | 2.9× | n/a | n/a |
| Guangdong Sinoplast Adv Matl 301686.SZ | China | $962M | n/a | +7% | 19% | 8.0× | n/a | n/a |
| Anhui Guofeng New Materials 000859.SZ | China | $1.04B | -14% | +6% | -4% | 3.3× | n/a | n/a |
| Compass Minerals International CMP | United States | $962M | -18% | +5% | 8% | 1.3× | 8.1% | +2.8% |
| Japan Material 6055.T | Japan | $1.06B | -9% | +11% | 27% | 2.4× | 9.4% | +10.5% |
| Zhejiang Oceanking Development 603213.SS | China | $938M | +1% | -17% | 0% | 3.0× | 38.3% | +17.9% |
| Rastar Environmental Protection Materials 300834.SZ | China | $933M | -9% | -23% | 1% | 5.9× | 43.9% | 0.0% |
| Jiangsu Chengxing Phosph-Chemicals 600078.SS | China | $928M | -29% | +27% | 13% | 1.7× | 2.6% | +2.9% |
| Green Plains GPRE | United States | $927M | -27% | -22% | 7% | 0.7× | -1.0% | +1.8% |
| Quechen Silicon Chemical 605183.SS | China | $926M | -12% | +7% | 19% | 2.4× | 2.0% | +16.1% |
| Changzhou Tronly New Electronic Materials 300429.SZ | China | $923M | -37% | +14% | -14% | 6.3× | 56.6% | +5.0% |
| Guangzhou Human New Material Science & Technology 301683.SZ | China | $918M | -25% | +20% | 38% | 4.0× | 11.3% | n/a |