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Qingdao maker of modified plastics and polymer composites for appliances, plus petrochemical materials and gelatin-based hollow capsules.
Qingdao maker of modified plastics and polymer composites for appliances, plus petrochemical materials and gelatin-based hollow capsules.
Earns most from compounded plastics, resins blended and modified for appliance and other makers, backed by petrochemical materials made in an integrated chain. A separate health arm sells gelatin, collagen and hollow capsules. Chairman Wang Aiguo and connected persons hold a controlling stake, and a Hong Kong share line sits alongside the Shenzhen listing.
Moat: narrow (scale, cost advantage). Integration from petrochemical feedstock into compounds supports cost; the modified-plastics market is crowded.
Headquarters: Qingdao, China · Employees: 5,532
Size Qingdao Gon Technology (2768.HK) is a Hong Kong Materials company (Chemicals: Specialty) with a market value of $2.88B, the 345th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$36.00 on 6 Nov 2026.
Performance Over six months the shares gained 13.1%, against -14.6% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 4th highest of 21 in its peer set.
Growth Revenue grew 20.3% over the last twelve months (peer median +8.3%); the operating margin is 6.6% (peer median 10.7%).
Valuation It trades at 10.3× forward earnings against a peer median of 19.0× (cheapest of 21).
Capital Return on invested capital runs 2.6 points above its cost of capital (5.1% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$26.7B | HK$23.0B | HK$20.8B | HK$19.3B | HK$15.6B |
| Revenue growth | — | +11% | +8% | +24% | — |
| Gross profit | HK$3.53B | HK$2.32B | HK$1.71B | HK$1.83B | HK$1.95B |
| EBITDA | n/a | HK$1.61B | HK$1.10B | HK$1.03B | HK$1.24B |
| Net income | HK$1.38B | HK$912M | HK$733M | HK$515M | HK$770M |
| Free cash flow | -HK$2.50B | HK$304,990 | HK$169M | -HK$279M | -HK$465M |
| Capital expenditure | HK$2.14B | HK$616M | HK$431M | HK$819M | HK$883M |
| Total debt | HK$14.2B | HK$11.9B | HK$10.5B | HK$8.31B | HK$6.27B |
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 2768.HK | $2.88B | +13% | +20% | 7% | 10.3× | 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 |
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 | 2768.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -11.7% | -5.1% | 6th lowest of 21 |
| 6-month return | +13.1% | -14.6% | 4th highest of 21 |
| Distance from 52-week high | -39.3% | -36.1% | 8th lowest of 21 |
| Revenue growth (TTM) | +20.3% | +8.3% | 6th highest of 21 |
| Operating margin | 6.6% | 10.7% | 6th lowest of 21 |
| Forward P/E | 10.3× | 19.0× | cheapest of 21 |
| ROIC minus cost of capital | +2.6 pp | +0.6 pp | 8th highest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| 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% |
| PI Industries PIIND.NS | India | $2.79B | -44% | -15% | 13% | 22.7× | n/a | n/a |
| XTC New Energy Materials (Xiamen) 688778.SS | China | $3.01B | -52% | +78% | 4% | 19.2× | 16.0% | +20.0% |
| K+s SDF.DE | Germany | $2.68B | -13% | +6% | 34% | 11.7× | n/a | n/a |
| Shanghai Haoyuan Chemexpress 688131.SS | China | $3.11B | +30% | +28% | 13% | 59.6× | 32.0% | +35.2% |
| 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% |
| Guizhou Chanhen Chemical 002895.SZ | China | $2.64B | -20% | +15% | 18% | 12.9× | 2.4% | +36.1% |
| Levima Advanced Materials 003022.SZ | China | $3.17B | -34% | +66% | 10% | 30.1× | n/a | n/a |
| 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% |
| Hubei Zhenhua Chemical 603067.SS | China | $2.56B | -35% | +31% | 11% | 23.6× | n/a | n/a |
| Kemira KEMIRA.HE | Finland | $2.55B | -8% | -3% | 8% | 16.0× | 3.9% | +2.6% |
| Hexpol HPOL-B.ST | Sweden | $3.30B | +28% | -1% | 14% | 15.6× | 3.1% | +7.6% |
| 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% |
| Inner Mongolia Berun Chemical 000683.SZ | China | $3.36B | -32% | +11% | 13% | 13.8× | n/a | n/a |