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Shandong new-materials maker of EVA resin for solar film, polypropylene, ethylene-oxide surfactants and lithium-battery materials.
Shandong new-materials maker of EVA resin for solar film, polypropylene, ethylene-oxide surfactants and lithium-battery materials.
Turns methanol into olefins (basic plastic building blocks) and then into EVA, polypropylene and ethylene-oxide products, so margins follow the spread between those polymers and the methanol it buys. EVA grades for solar-panel encapsulation film and cables carry the higher-value work, while lithium-battery materials are a growing side line.
Moat: narrow (process know-how, scale). Integrated methanol-to-olefins plant feeds several polymer lines; EVA solar grades need qualification; commodity swings remain.
Headquarters: Tengzhou, China · Employees: 2,663
Size Levima Advanced Materials (003022.SZ) is a China Materials company (Chemicals: Specialty) with a market value of $3.17B, the 814th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥15.84 on 6 Nov 2026.
Performance Over six months the shares fell 34.2%, against -18.4% for the median peer and -16.4% for the China market (cap-weighted) — 5th lowest of 21 in its peer set.
Growth Revenue grew 65.6% over the last twelve months (peer median +10.1%); the operating margin is 9.7% (peer median 13.3%).
Valuation It trades at 30.1× forward earnings against a peer median of 17.2× (7th most expensive of 21).
Capital Return on invested capital runs 4.0 points below its cost of capital (8.8% WACC).
Next results Next results expected around 31 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥9.72B | CN¥6.33B | CN¥6.20B | CN¥6.73B | CN¥8.13B |
| Revenue growth | — | +2% | -8% | -17% | — |
| Gross profit | CN¥2.54B | CN¥1.07B | CN¥859M | CN¥936M | CN¥1.53B |
| EBITDA | n/a | CN¥1.09B | CN¥831M | CN¥896M | CN¥1.36B |
| Net income | CN¥601M | CN¥306M | CN¥234M | CN¥446M | CN¥866M |
| Free cash flow | -CN¥2.06B | -CN¥3.68B | -CN¥2.75B | -CN¥2.24B | -CN¥464M |
| Capital expenditure | CN¥3.15B | CN¥4.27B | CN¥3.36B | CN¥3.12B | CN¥1.78B |
| Total debt | CN¥16.3B | CN¥13.8B | CN¥10.4B | CN¥7.89B | CN¥5.22B |
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 |
|---|---|---|---|---|---|---|
| Levima Advanced Materials 003022.SZ | $3.17B | -34% | +66% | 10% | 30.1× | n/a |
| Jiangsu Eastern Shenghong 000301.SZ | $10.3B | -22% | +4% | 7% | 12.4× | -2.1% |
| Formosa Plastics 1301.TW | $12.1B | +22% | -11% | -2% | 21.4× | n/a |
| Satellite Chemical 002648.SZ | $12.4B | -17% | +20% | 23% | 7.2× | -13.2% |
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 | 003022.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -14.2% | -6.6% | 5th lowest of 21 |
| 6-month return | -34.2% | -18.4% | 5th lowest of 21 |
| Distance from 52-week high | -44.8% | -38.8% | 8th lowest of 21 |
| Revenue growth (TTM) | +65.6% | +10.1% | 3rd highest of 21 |
| Operating margin | 9.7% | 13.3% | 8th lowest of 21 |
| Forward P/E | 30.1× | 17.2× | 7th most expensive of 21 |
| ROIC minus cost of capital | -4.0 pp | +2.1 pp | 6th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Levima Advanced Materials 003022.SZ | China | $3.17B | -34% | +66% | 10% | 30.1× | n/a | n/a |
| Hawkins HWKN | United States | $3.14B | -10% | +9% | 11% | 33.9× | 15.2% | +12.7% |
| Luxi Chemical 000830.SZ | China | $3.13B | -36% | -1% | 4% | 12.1× | -1.4% | +10.6% |
| Shanghai Haoyuan Chemexpress 688131.SS | China | $3.11B | +30% | +28% | 13% | 59.6× | 32.0% | +35.2% |
| Hexpol HPOL-B.ST | Sweden | $3.30B | +28% | -1% | 14% | 15.6× | 3.1% | +7.6% |
| XTC New Energy Materials (Xiamen) 688778.SS | China | $3.01B | -52% | +78% | 4% | 19.2× | 16.0% | +20.0% |
| Inner Mongolia Berun Chemical 000683.SZ | China | $3.36B | -32% | +11% | 13% | 13.8× | n/a | n/a |
| Guangzhou Guanggang Gases and Energy 688548.SS | China | $3.39B | -14% | +21% | 20% | 62.3× | n/a | n/a |
| Qingdao Gon Technology 2768.HK | Hong Kong | $2.88B | +13% | +20% | 7% | 10.3× | n/a | n/a |
| Sichuan Qiaoyuan Gas 301286.SZ | China | $2.88B | -4% | +8% | 26% | 73.4× | 31.8% | +8.0% |
| Beijing Easpring Material Technology 300073.SZ | China | $2.86B | -45% | +116% | 5% | 18.8× | n/a | n/a |
| Shanghai Bairun Investment 002568.SZ | China | $2.82B | -8% | +8% | 28% | 24.2× | 14.5% | +8.8% |
| NOF 4403.T | Japan | $3.60B | -22% | +13% | 17% | 13.5× | -6.1% | +8.4% |
| PI Industries PIIND.NS | India | $2.79B | -44% | -15% | 13% | 22.7× | n/a | n/a |
| Cabot CBT | United States | $3.67B | -17% | +1% | 14% | 10.9× | -3.2% | +1.9% |
| Ningbo Shanshan 600884.SS | China | $3.71B | -34% | +30% | 9% | 14.4× | 4.5% | +21.3% |
| K+s SDF.DE | Germany | $2.68B | -13% | +6% | 34% | 11.7× | n/a | n/a |
| Novoray 688300.SS | China | $3.76B | -9% | +23% | 26% | 52.7× | 47.6% | +22.6% |
| Mitsubishi Gas Chemical 4182.T | Japan | $3.78B | -31% | +3% | 8% | 10.6× | n/a | n/a |
| Guizhou Chanhen Chemical 002895.SZ | China | $2.64B | -20% | +15% | 18% | 12.9× | 2.4% | +36.1% |
| Pangang Group Vanadium & Titanium Resources 000629.SZ | China | $3.83B | -24% | +6% | 4% | 68.8× | 27.2% | -3.4% |