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Chinese maker of printer toner and cartridge chemicals, expanding into semiconductor photoresist materials.
Chinese maker of printer toner and cartridge chemicals, expanding into semiconductor photoresist materials.
In one line: A toner-chemicals maker diversifying into semiconductor materials.
Moat: narrow (process know-how). Established toner-chemical formulation base funding an early photoresist import-substitution bet.
Headquarters: Xiangyang, China · Founded: 2000 · Employees: 3,728
Size Hubei Dinglong (300054.SZ) is a China Information Technology company (Computer Peripherals) with a market value of $8.79B, the 279th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥61.36 on 6 Nov 2026.
Performance Over six months the shares fell 1.6%, against -2.7% for the median peer and -16.4% for the China market (cap-weighted) — 11th highest of 21 in its peer set.
Growth Revenue grew 7.3% over the last twelve months (peer median +12.7%); the operating margin is 30.4% (peer median 12.4%).
Valuation It trades at 51.4× forward earnings against a peer median of 12.4× (most expensive of 18).
Price implies For today's price to make sense, revenue must grow about 32% a year for seven years (Req g). Recent delivered growth is +15%, so the hurdle is +17 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 3.7 points above its cost of capital (10.4% WACC).
Next results Next results expected around 15 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥3.87B | CN¥3.64B | CN¥3.32B | CN¥2.65B | CN¥2.70B |
| Revenue growth | — | +9% | +25% | -2% | — |
| Gross profit | CN¥2.36B | CN¥1.72B | CN¥1.44B | CN¥877M | CN¥945M |
| EBITDA | n/a | CN¥1.18B | CN¥906M | CN¥447M | CN¥559M |
| Net income | CN¥1.05B | CN¥720M | CN¥521M | CN¥222M | CN¥390M |
| Free cash flow | CN¥827M | CN¥392M | CN¥77.1M | -CN¥483M | -CN¥84.2M |
| Capital expenditure | CN¥546M | CN¥775M | CN¥769M | CN¥1.03B | CN¥676M |
| Total debt | CN¥2.44B | CN¥2.37B | CN¥1.38B | CN¥946M | CN¥332M |
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 |
|---|---|---|---|---|---|---|
| Hubei Dinglong 300054.SZ | $8.79B | -2% | +7% | 30% | 51.4× | 32.2% |
| Pantum Technology 002180.SZ | $3.39B | -16% | -59% | 0% | 69.9× | 30.6% |
| Tokyo Ohka Kogyo 4186.T | $5.03B | -30% | +22% | 21% | 17.8× | 19.9% |
| Shin-etsu Chemical 4063.T | $66.5B | -27% | +5% | 25% | 17.2× | 8.9% |
| Sumitomo Chemical 4005.T | $4.93B | -7% | -2% | 5% | 6.9× | 1.1% |
| Jiangsu Nata Opto-electronic Material 300346.SZ | $4.29B | -22% | +15% | 16% | 62.1× | 35.6% |
| DuPont DD | $19.4B | -1% | -43% | 14% | 18.3× | 14.7% |
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 | 300054.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -2.5% | -20.5% | 4th highest of 21 |
| 6-month return | -1.6% | -2.7% | 11th highest of 21 |
| Distance from 52-week high | -44.7% | -37.3% | 6th lowest of 21 |
| Revenue growth (TTM) | +7.3% | +12.7% | 8th lowest of 21 |
| Operating margin | 30.4% | 12.4% | 6th highest of 21 |
| Forward P/E | 51.4× | 12.4× | most expensive of 18 |
| Growth the price implies (Req g, 7 yrs) | 32.2% | 0.8% | 2nd most demanding of 8 |
| Growth delivered (Del g) | +15.0% | +7.2% | 3rd highest of 8 |
| Hurdle (Req g minus delivered) | +17.2 pp | -1.4 pp | 2nd most demanding of 8 |
| ROIC minus cost of capital | +3.7 pp | +11.1 pp | 7th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Hubei Dinglong 300054.SZ | China | $8.79B | -2% | +7% | 30% | 51.4× | 32.2% | +15.0% |
| Biwin Storage Technology 688525.SS | China | $8.99B | -52% | +221% | 41% | 5.0× | n/a | n/a |
| Unisplendour 000938.SZ | China | $10.4B | -24% | +25% | 3% | 21.8× | n/a | n/a |
| Everdisplay Optronics (Shanghai) 688538.SS | China | $6.72B | -9% | -2% | -31% | n/a | n/a | n/a |
| Brother Industries 6448.T | Japan | $6.52B | +39% | +7% | 13% | 10.5× | -6.3% | +7.2% |
| Shenzhen Kaifa Technology 000021.SZ | China | $6.13B | -11% | +14% | 11% | 29.2× | n/a | n/a |
| AUO 2409.TW | Taiwan | $6.02B | +49% | -1% | -2% | n/a | n/a | n/a |
| Gigabyte Technology 2376.TW | Taiwan | $6.01B | +7% | +38% | 5% | 8.1× | n/a | n/a |
| Logitech International LOGN.SW | Switzerland | $13.2B | -1% | -1% | 18% | 16.8× | -5.7% | -4.3% |
| Lite-on Technology 2301.TW | Taiwan | $13.2B | +16% | +24% | 13% | 13.8× | n/a | n/a |
| Seiko Epson 6724.T | Japan | $5.39B | +27% | +8% | 6% | 11.9× | 0.8% | +7.2% |
| E Ink 8069.TWO | Taiwan | $4.98B | +2% | -3% | 29% | 12.4× | -0.3% | +18.6% |
| Sichuan Changhong Electric 600839.SS | China | $3.55B | -41% | +4% | 0% | n/a | n/a | n/a |
| Hangzhou EZVIZ Network 688475.SS | China | $3.53B | -4% | +8% | 12% | 30.1× | 15.7% | +13.8% |
| Micro-Star International 2377.TW | Taiwan | $3.50B | +43% | +1% | 5% | 11.6× | n/a | n/a |
| Jentech Precision Industrial 3653.TW | Taiwan | $23.1B | +9% | +28% | 33% | 48.3× | 32.5% | +24.3% |
| Transcend Information 2451.TW | Taiwan | $3.22B | -13% | +286% | 67% | 3.2× | n/a | n/a |
| ADATA Technology 3260.TWO | Taiwan | $3.16B | -33% | +125% | 34% | 4.5× | n/a | n/a |
| Extreme Networks EXTR | United States | $3.15B | 0% | +11% | 6% | 17.2× | 27.3% | +4.9% |
| AURAS Technology 3324.TWO | Taiwan | $2.90B | -10% | +71% | 16% | 15.1× | n/a | n/a |
| Innodisk 5289.TWO | Taiwan | $2.76B | -35% | +334% | 49% | 2.5× | n/a | n/a |