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One of the world's largest makers of disperse dyes and pigments used to color polyester and synthetic textiles.
One of the world's largest makers of disperse dyes and pigments used to color polyester and synthetic textiles.
Dyes are sold to textile mills by the tonne at prices that follow raw-material costs and polyester output. Environmental rules in China have forced smaller dye plants to close, leaving larger producers such as Runtu with more of the market.
Moat: narrow (scale, cost advantage). Large-scale dye production capacity keeps unit costs competitive against smaller regional dye makers.
Headquarters: Shaoxing, China · Founded: 1970 · Employees: 3,762
Size Zhejiang Runtu (002440.SZ) is a China Materials company (Industrial Specialties) with a market value of $1.77B, the 1406th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥10.75 on 6 Nov 2026.
Performance Over six months the shares fell 1.0%, against -14.0% for the median peer and -16.4% for the China market (cap-weighted) — 7th highest of 21 in its peer set.
Growth Revenue grew 22.9% over the last twelve months (peer median +12.7%); the operating margin is 16.6% (peer median 9.1%).
Valuation It trades at 8.5× forward earnings against a peer median of 22.1× (2nd cheapest of 19).
Price implies For today's price to make sense, revenue must grow about -5% a year for seven years (Req g). Recent delivered growth is +2%, so the hurdle is -7 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 3.7 points above its cost of capital (6.8% WACC).
Next results Next results expected around 26 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥7.09B | CN¥5.72B | CN¥5.68B | CN¥5.57B | CN¥6.23B |
| Revenue growth | — | +1% | +2% | -10% | — |
| Gross profit | CN¥2.28B | CN¥1.00B | CN¥888M | CN¥763M | CN¥1.13B |
| EBITDA | n/a | CN¥845M | CN¥812M | CN¥615M | CN¥932M |
| Net income | CN¥1.40B | CN¥669M | CN¥213M | CN¥45.8M | CN¥607M |
| Free cash flow | CN¥732M | CN¥629M | CN¥502M | -CN¥221M | CN¥711M |
| Capital expenditure | CN¥48.6M | CN¥45.7M | CN¥88.8M | CN¥121M | CN¥196M |
| Total debt | CN¥923M | CN¥562M | CN¥812M | CN¥1.01B | CN¥1.55B |
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 |
|---|---|---|---|---|---|---|
| Zhejiang Runtu 002440.SZ | $1.77B | -1% | +23% | 17% | 8.5× | -5.5% |
| Zhejiang Longsheng 600352.SS | $5.70B | -11% | -1% | 19% | 13.7× | -5.2% |
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 | 002440.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -17.8% | -10.6% | 7th lowest of 21 |
| 6-month return | -1.0% | -14.0% | 7th highest of 21 |
| Distance from 52-week high | -34.6% | -35.2% | 11th highest of 21 |
| Revenue growth (TTM) | +22.9% | +12.7% | 3rd highest of 21 |
| Operating margin | 16.6% | 9.1% | 3rd highest of 21 |
| Forward P/E | 8.5× | 22.1× | 2nd cheapest of 19 |
| Growth the price implies (Req g, 7 yrs) | -5.5% | 21.7% | 2nd least demanding of 19 |
| Growth delivered (Del g) | +2.0% | +10.8% | 3rd lowest of 19 |
| Hurdle (Req g minus delivered) | -7.5 pp | +5.5 pp | 4th least demanding of 19 |
| ROIC minus cost of capital | +3.7 pp | -0.3 pp | 9th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Zhejiang Runtu 002440.SZ | China | $1.77B | -1% | +23% | 17% | 8.5× | -5.5% | +2.0% |
| Triumph Science & Technology 600552.SS | China | $1.76B | -20% | +12% | 5% | 65.5× | 21.3% | +3.1% |
| Explosive 002096.SZ | China | $1.74B | -14% | -3% | 9% | 12.8× | -2.5% | +37.7% |
| Gansu Energy Chemical 000552.SZ | China | $1.86B | -19% | +11% | 3% | 33.4× | n/a | n/a |
| Aica Kogyo 4206.T | Japan | $1.68B | +19% | +5% | 12% | 12.6× | -7.0% | +7.6% |
| Lintec 7966.T | Japan | $1.87B | -14% | +3% | 8% | 12.2× | 1.5% | +6.2% |
| Kansai Nerolac Paints KANSAINER.NS | India | $1.67B | -7% | +10% | 9% | 22.1× | 22.1% | +9.7% |
| KCC 002380.KS | South Korea | $1.91B | -34% | 0% | 6% | 2.1× | 3.8% | +5.0% |
| Kunshan Dongwei Technology 688700.SS | China | $1.64B | -40% | +56% | 13% | 34.2× | 23.1% | +14.5% |
| Olin OLN | United States | $1.97B | -36% | -1% | 0% | n/a | 44.0% | +3.3% |
| Suzhou Kingswood Education Technology 300192.SZ | China | $1.55B | +24% | -6% | 12% | 59.3× | 44.2% | -2.3% |
| C. Uyemura & 4966.T | Japan | $1.54B | -34% | +16% | 23% | 14.0× | 5.0% | +10.4% |
| Anhui Jiangnan Chemical Industry 002226.SZ | China | $2.07B | -3% | +13% | 11% | 16.8× | -3.0% | +20.5% |
| Graphite India GRAPHITE.NS | India | $1.50B | 0% | +22% | 9% | 21.8× | n/a | n/a |
| Carborundum Universal CARBORUNIV.NS | India | $2.10B | +4% | +12% | 7% | 44.5× | 43.4% | +14.6% |
| Luxin Venture Capital 600783.SS | China | $1.45B | -40% | +24% | -50% | n/a | 40.2% | -6.1% |
| Zhejiang Fulai New Material 605488.SS | China | $2.21B | +47% | +19% | 2% | 134.6× | 31.8% | +17.6% |
| Jiangsu Shemar Electric 603530.SS | China | $2.23B | -44% | +17% | 29% | 26.2× | 23.4% | +21.1% |
| Grindwell Norton GRINDWELL.NS | India | $2.25B | +16% | +14% | 16% | 39.5× | 37.8% | +13.4% |
| Yangling Metron New Material 300861.SZ | China | $1.39B | -31% | +23% | 16% | 21.1× | 9.6% | +12.5% |
| Supreme Petrochem SPLPETRO.NS | India | $1.38B | -6% | +21% | 11% | 22.1× | 10.1% | +11.1% |