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Employees: 2,693
Size Zanyu Technology (002637.SZ) is a China Materials company (Chemicals: Specialty) with a market value of $605M, the 3397th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥8.47 on 6 Nov 2026.
Performance Over six months the shares fell 33.7%, against -10.8% for the median peer and -16.4% for the China market (cap-weighted) — 5th lowest of 21 in its peer set.
Growth Revenue fell 3.0% over the last twelve months (peer median +10.5%); the operating margin is 3.4% (peer median 5.7%).
Valuation It trades at 9.3× forward earnings against a peer median of 24.6× (cheapest of 10).
Price implies For today's price to make sense, revenue must grow about -1% a year for seven years (Req g). Recent delivered growth is +11%, so the hurdle is -12 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 1.1 points above its cost of capital (6.6% WACC).
Next results Next results expected around 16 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥12.5B | CN¥13.1B | CN¥10.8B | CN¥9.58B | CN¥11.2B |
| Revenue growth | — | +22% | +13% | -15% | — |
| Gross profit | CN¥1.22B | CN¥890M | CN¥685M | CN¥513M | CN¥490M |
| EBITDA | n/a | CN¥735M | CN¥576M | CN¥469M | CN¥294M |
| Net income | CN¥203M | CN¥182M | CN¥135M | CN¥87.9M | -CN¥70.0M |
| Free cash flow | CN¥232M | CN¥489M | CN¥109M | -CN¥3.54M | -CN¥309M |
| Capital expenditure | CN¥193M | CN¥453M | CN¥217M | CN¥550M | CN¥591M |
| Total debt | CN¥3.18B | CN¥3.09B | CN¥2.84B | CN¥3.18B | CN¥3.10B |
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 | 002637.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -18.2% | -9.8% | 6th lowest of 21 |
| 6-month return | -33.7% | -10.8% | 5th lowest of 21 |
| Distance from 52-week high | -50.6% | -37.6% | 6th lowest of 21 |
| Revenue growth (TTM) | -3.0% | +10.5% | 5th lowest of 21 |
| Operating margin | 3.4% | 5.7% | 10th lowest of 21 |
| Forward P/E | 9.3× | 24.6× | cheapest of 10 |
| Growth the price implies (Req g, 7 yrs) | -0.9% | 13.5% | 3rd least demanding of 11 |
| Growth delivered (Del g) | +11.0% | +8.3% | 4th highest of 11 |
| Hurdle (Req g minus delivered) | -11.9 pp | +0.2 pp | 2nd least demanding of 11 |
| ROIC minus cost of capital | +1.1 pp | -2.7 pp | 6th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Zanyu Technology 002637.SZ | China | $605M | -34% | -3% | 3% | 9.3× | -0.9% | +11.0% |
| Balaji Amines BALAMINES.NS | India | $604M | +15% | +21% | 19% | 36.2× | n/a | n/a |
| Formosan Union Chemical 1709.TW | Taiwan | $607M | +128% | -3% | 14% | n/a | -1.6% | +1.2% |
| Ishihara Sangyo Kaisha 4028.T | Japan | $596M | -22% | +1% | 11% | 9.5× | 1.1% | +8.8% |
| Jiangsu Hengxing New Material Technology 603276.SS | China | $596M | +7% | +29% | 8% | n/a | 18.5% | +15.2% |
| Cytech 301557.SZ | China | $595M | -3% | +13% | 7% | n/a | n/a | n/a |
| Guangzhou Lushan New Materials 603051.SS | China | $595M | +5% | -5% | 0% | n/a | 32.5% | +8.5% |
| Anshan Hifichem 300758.SZ | China | $615M | -22% | +11% | 9% | 45.2× | 15.5% | +8.2% |
| Everlight Chemical Industrial 1711.TW | Taiwan | $593M | -45% | -2% | -1% | n/a | n/a | n/a |
| Argus (Shanghai) Textile Chemicals 603790.SS | China | $618M | -11% | +21% | 14% | n/a | 11.7% | +0.7% |
| Shandong Fengyuan Chemical 002805.SZ | China | $591M | -38% | +281% | 1% | n/a | n/a | n/a |
| Shenzhen Jdd Tech New Material 301538.SZ | China | $591M | -33% | +10% | 18% | 14.6× | 15.3% | +25.6% |
| Skchem 285130.KS | South Korea | $588M | -27% | +27% | 0% | 33.8× | n/a | n/a |
| Longyan Zhuoyue New Energy 688196.SS | China | $622M | -38% | +2% | 1% | 35.0× | n/a | n/a |
| Allied Supreme 4770.TW | Taiwan | $629M | +12% | -15% | 19% | 14.2× | 3.4% | +12.4% |
| Chori 8014.T | Japan | $629M | -6% | +3% | 4% | n/a | -13.4% | +6.7% |
| Hebei Jianxin Chemical Industry 300107.SZ | China | $581M | -6% | +39% | 11% | n/a | n/a | n/a |
| Hangzhou Gaoxin Materials Technology 300478.SZ | China | $631M | +11% | -21% | -9% | n/a | 30.8% | -0.9% |
| Shandong Sunway Chemical 002469.SZ | China | $579M | -20% | -19% | 3% | 24.6× | n/a | n/a |
| Xilong Scientific 002584.SZ | China | $632M | -11% | +23% | 1% | n/a | n/a | n/a |
| Miracll Chemicals 300848.SZ | China | $632M | -45% | +23% | 1% | 12.2× | n/a | n/a |