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Qingdao polymer-materials group making modified plastics, polystyrene and petrochemical resins, specialty composites and, newly, robotics.
Qingdao polymer-materials group making modified plastics, polystyrene and petrochemical resins, specialty composites and, newly, robotics.
Earns mainly from compounding and selling modified plastics, then from polystyrene and related petrochemical materials made in its own plants, so profit follows the spread over feedstock such as styrene. Specialty composites, PEEK and robotics are newer growth lines; volumes and resin prices carry the results.
Moat: narrow (scale, process know-how). Integrated chain from monomer to resin to modified compound, with sizeable modified-plastics volume.
Headquarters: Qingdao, China · Founded: 2000 · Employees: 5,532
Size Qingdao Gon Technology (002768.SZ) is a China Materials company (Chemicals: Specialty) with a market value of $2.83B, the 907th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥52.83 on 6 Nov 2026.
Performance Over six months the shares gained 48.1%, against -12.2% for the median peer and -16.4% for the China market (cap-weighted) — highest of 21 in its peer set.
Growth Revenue grew 14.6% over the last twelve months (peer median +8.3%); the operating margin is 6.5% (peer median 10.7%).
Valuation It trades at 17.7× forward earnings against a peer median of 19.2× (9th cheapest of 20).
Capital Return on invested capital runs 0.7 points below its cost of capital (7.8% WACC).
Next results Next results expected around 28 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥23.5B | CN¥21.2B | CN¥19.2B | CN¥17.4B | CN¥13.4B |
| Revenue growth | — | +11% | +10% | +30% | — |
| Gross profit | CN¥3.10B | CN¥2.14B | CN¥1.58B | CN¥1.65B | CN¥1.67B |
| EBITDA | n/a | CN¥1.48B | CN¥1.02B | CN¥935M | CN¥1.07B |
| Net income | CN¥1.21B | CN¥841M | CN¥676M | CN¥466M | CN¥662M |
| Free cash flow | -CN¥2.15B | CN¥281,220 | CN¥155M | -CN¥253M | -CN¥400M |
| Capital expenditure | CN¥1.85B | CN¥568M | CN¥397M | CN¥741M | CN¥759M |
| Total debt | CN¥12.1B | CN¥10.7B | CN¥9.86B | CN¥7.54B | CN¥5.58B |
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 |
|---|---|---|---|---|---|---|
| Qingdao Gon Technology 002768.SZ | $2.83B | +48% | +15% | 7% | 17.7× | n/a |
| Kingfa Sci. & Tech 600143.SS | $4.96B | -28% | -1% | 3% | 24.6× | -1.2% |
| Shanghai PRET Composites 002324.SZ | $1.36B | -44% | +27% | 1% | 45.7× | n/a |
| Shandong Dawn Polymer 002838.SZ | $1.40B | -35% | +31% | 6% | 19.3× | n/a |
| Orinko Advanced Plastics 688219.SS | $714M | -23% | +13% | 2% | n/a | 14.4% |
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 | 002768.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -22.3% | -5.4% | 2nd lowest of 21 |
| 6-month return | +48.1% | -12.2% | highest of 21 |
| Distance from 52-week high | -33.7% | -36.1% | 10th highest of 21 |
| Revenue growth (TTM) | +14.6% | +8.3% | 7th highest of 21 |
| Operating margin | 6.5% | 10.7% | 6th lowest of 21 |
| Forward P/E | 17.7× | 19.2× | 9th cheapest of 20 |
| ROIC minus cost of capital | -0.7 pp | +1.5 pp | 9th lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Qingdao Gon Technology 002768.SZ | China | $2.83B | +48% | +15% | 7% | 17.7× | n/a | n/a |
| Shanghai Bairun Investment 002568.SZ | China | $2.82B | -8% | +8% | 28% | 24.2× | 14.5% | +8.8% |
| Beijing Easpring Material Technology 300073.SZ | China | $2.86B | -45% | +116% | 5% | 18.8× | n/a | n/a |
| PI Industries PIIND.NS | India | $2.79B | -44% | -15% | 13% | 22.7× | n/a | n/a |
| Sichuan Qiaoyuan Gas 301286.SZ | China | $2.88B | -4% | +8% | 26% | 73.4× | 31.8% | +8.0% |
| K+s SDF.DE | Germany | $2.68B | -13% | +6% | 34% | 11.7× | n/a | n/a |
| XTC New Energy Materials (Xiamen) 688778.SS | China | $3.01B | -52% | +78% | 4% | 19.2× | 16.0% | +20.0% |
| Guizhou Chanhen Chemical 002895.SZ | China | $2.64B | -20% | +15% | 18% | 12.9× | 2.4% | +36.1% |
| Nifco 7988.T | Japan | $2.62B | +6% | +4% | 14% | 11.7× | -3.5% | +6.6% |
| China Petroleum Engineering 600339.SS | China | $2.60B | -24% | +8% | 1% | 26.7× | n/a | n/a |
| Quaker Houghton KWR | United States | $2.58B | +2% | +9% | 9% | 16.9× | 16.3% | +5.9% |
| Shanghai Haoyuan Chemexpress 688131.SS | China | $3.11B | +30% | +28% | 13% | 59.6× | 32.0% | +35.2% |
| Hubei Zhenhua Chemical 603067.SS | China | $2.56B | -35% | +31% | 11% | 23.6× | n/a | n/a |
| Luxi Chemical 000830.SZ | China | $3.13B | -36% | -1% | 4% | 12.1× | -1.4% | +10.6% |
| Hawkins HWKN | United States | $3.14B | -10% | +9% | 11% | 33.9× | 15.2% | +12.7% |
| Kemira KEMIRA.HE | Finland | $2.55B | -8% | -3% | 8% | 16.0× | 3.9% | +2.6% |
| Levima Advanced Materials 003022.SZ | China | $3.17B | -34% | +66% | 10% | 30.1× | n/a | n/a |
| Bloomage Biotechnology 688363.SS | China | $2.49B | -16% | -22% | 5% | 55.6× | 20.8% | +9.8% |
| Daicel 4202.T | Japan | $2.48B | +24% | +2% | 7% | 11.1× | 6.1% | +8.1% |
| Shandong Dongyue Silicone Material 300821.SZ | China | $2.43B | -11% | +13% | 13% | n/a | 20.7% | +8.6% |
| Hexpol HPOL-B.ST | Sweden | $3.30B | +28% | -1% | 14% | 15.6× | 3.1% | +7.6% |