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Chinese pesticide manufacturer producing insecticides and other crop-protection chemicals.
Chinese pesticide manufacturer producing insecticides and other crop-protection chemicals.
Moat: none. Commodity pesticide producer in a fragmented, price-competitive domestic market.
Headquarters: Hebei, China · Employees: 4,593
Size Limin (002734.SZ) is a China Materials company (Chemicals: Agricultural) with a market value of $778M, the 2836th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥11.34 on 6 Nov 2026.
Performance Over six months the shares fell 37.1%, against -22.5% for the median peer and -16.4% for the China market (cap-weighted) — 4th lowest of 21 in its peer set.
Growth Revenue fell 6.5% over the last twelve months (peer median +8.9%); the operating margin is 8.4% (peer median 3.3%).
Valuation It trades at 9.2× forward earnings against a peer median of 13.5× (3rd cheapest of 9).
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 +1%, so the hurdle is -2 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 2.2 points above its cost of capital (7.5% WACC).
Next results Next results expected around 16 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥4.19B | CN¥4.52B | CN¥4.24B | CN¥4.19B | CN¥5.01B |
| Revenue growth | — | +7% | +1% | -16% | — |
| Gross profit | CN¥1.26B | CN¥1.10B | CN¥729M | CN¥609M | CN¥865M |
| EBITDA | n/a | CN¥915M | CN¥509M | CN¥471M | CN¥530M |
| Net income | CN¥306M | CN¥480M | CN¥81.4M | CN¥62.1M | CN¥219M |
| Free cash flow | CN¥426M | CN¥465M | CN¥269M | CN¥229M | -CN¥66.3M |
| Capital expenditure | CN¥73.9M | CN¥86.9M | CN¥98.0M | CN¥237M | CN¥735M |
| Total debt | CN¥1.87B | CN¥1.62B | CN¥3.00B | CN¥2.98B | CN¥2.76B |
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 |
|---|---|---|---|---|---|---|
| Limin 002734.SZ | $778M | -37% | -6% | 8% | 9.2× | -1.2% |
| Jiangsu Yangnong Chemical 600486.SS | $3.42B | -22% | +3% | 13% | 16.2× | 0.8% |
| Shenzhen Noposion Crop Science 002215.SZ | $1.25B | -23% | +12% | 13% | 9.3× | -3.9% |
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 | 002734.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -36.7% | -6.7% | 2nd lowest of 21 |
| 6-month return | -37.1% | -22.5% | 4th lowest of 21 |
| Distance from 52-week high | -50.2% | -34.8% | 5th lowest of 21 |
| Revenue growth (TTM) | -6.5% | +8.9% | 3rd lowest of 21 |
| Operating margin | 8.4% | 3.3% | 8th highest of 21 |
| Forward P/E | 9.2× | 13.5× | 3rd cheapest of 9 |
| Growth the price implies (Req g, 7 yrs) | -1.2% | 8.7% | 3rd least demanding of 12 |
| Growth delivered (Del g) | +0.6% | +3.2% | 5th lowest of 12 |
| Hurdle (Req g minus delivered) | -1.8 pp | +7.9 pp | 4th least demanding of 12 |
| ROIC minus cost of capital | +2.2 pp | -2.2 pp | 5th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Limin 002734.SZ | China | $778M | -37% | -6% | 8% | 9.2× | -1.2% | +0.6% |
| Krishana Phoschem KRISHANA.NS | India | $781M | +79% | +73% | 11% | n/a | n/a | n/a |
| LSB Industries LXU | United States | $763M | -24% | +13% | 11% | 13.7× | -0.8% | +11.9% |
| Anhui Sierte Fertilizer Industry 002538.SZ | China | $794M | -15% | +9% | 3% | n/a | n/a | n/a |
| CNSIG Anhui Hongsifang Fertilizer 603395.SS | China | $798M | -23% | +3% | 0% | n/a | n/a | n/a |
| Guizhou Chitianhua 600227.SS | China | $803M | -22% | -2% | -5% | n/a | 10.3% | +2.4% |
| Kingenta Ecological Engineering 002470.SZ | China | $827M | -39% | +9% | -5% | n/a | n/a | n/a |
| Kunming Chuan Jin Nuo Chemical 300505.SZ | China | $838M | -34% | +14% | 10% | 9.2× | n/a | n/a |
| FMC FMC | United States | $876M | -58% | -22% | -21% | 6.2× | -2.8% | -5.7% |
| Nufarm NUF.AX | Australia | $897M | +40% | -2% | 3% | 62.4× | 9.9% | +5.2% |
| Sichuan Guoguang Agrochemical 002749.SZ | China | $668M | -24% | -2% | 18% | 13.3× | -8.5% | +12.2% |
| Sdic Fengle Seed 000713.SZ | China | $664M | -15% | +10% | 2% | 37.0× | 12.2% | +3.4% |
| Madhya Bharat Agro Products MBAPL.NS | India | $944M | +68% | +48% | 10% | n/a | n/a | n/a |
| Oil-Dri Corporation of America ODC | United States | $948M | -9% | +2% | 14% | n/a | 3.8% | +10.1% |
| Zhejiang Qianjiang Biochemical 600796.SS | China | $629M | -24% | -2% | 11% | n/a | 7.8% | -2.0% |
| Oci OCI.AS | Netherlands | $967M | +8% | -81% | -4% | n/a | n/a | n/a |
| Nanjing Redsun 000525.SZ | China | $981M | -10% | +12% | -2% | n/a | 12.2% | -5.1% |
| Anhui Huilong Agricultural Means of Production .Co 002556.SZ | China | $594M | -31% | 0% | 1% | 19.0× | 8.7% | -1.2% |
| Rashtriya Chemicals & Fertilizers RCF.NS | India | $590M | -23% | +18% | 4% | n/a | n/a | n/a |
| Gujarat State Fertilizers & Chemicals GSFC.NS | India | $588M | -22% | +37% | 3% | 8.7× | 23.2% | +3.2% |
| Suzhou Fengbei Biotech Stock 603334.SS | China | $586M | -44% | +63% | 4% | n/a | n/a | n/a |