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Chinese maker of activated carbon used for water treatment, air purification and industrial decolorization.
Chinese maker of activated carbon used for water treatment, air purification and industrial decolorization.
Moat: narrow (process know-how). Activated-carbon quality depends on raw-material sourcing and activation process control.
Headquarters: Fujian, China · Employees: 1,892
Size Fujian Yuanli Active Carbon (300174.SZ) is a China Materials company (Chemicals: Specialty) with a market value of $840M, the 2644th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥15.38 on 6 Nov 2026.
Performance Over six months the shares fell 13.7%, against -21.8% for the median peer and -16.4% for the China market (cap-weighted) — 10th highest of 21 in its peer set.
Growth Revenue grew 6.6% over the last twelve months (peer median +6.7%); the operating margin is 8.7% (peer median 7.8%).
Valuation It trades at 20.2× forward earnings against a peer median of 19.9× (8th most expensive of 16).
Price implies For today's price to make sense, revenue must grow about 17% a year for seven years (Req g). Recent delivered growth is +10%, so the hurdle is +7 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 below its cost of capital (10.0% WACC).
Next results Next results expected around 23 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥2.02B | CN¥1.90B | CN¥1.88B | CN¥2.01B | CN¥1.95B |
| Revenue growth | — | +1% | -7% | +3% | — |
| Gross profit | CN¥628M | CN¥442M | CN¥429M | CN¥409M | CN¥439M |
| EBITDA | n/a | CN¥385M | CN¥351M | CN¥327M | CN¥351M |
| Net income | CN¥211M | CN¥228M | CN¥284M | CN¥237M | CN¥224M |
| Free cash flow | CN¥48.8M | -CN¥35.2M | CN¥28.0M | CN¥64.7M | -CN¥2.97M |
| Capital expenditure | CN¥248M | CN¥280M | CN¥219M | CN¥254M | CN¥299M |
| Total debt | CN¥443M | CN¥464M | CN¥370M | CN¥276M | CN¥303M |
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 |
|---|---|---|---|---|---|---|
| Fujian Yuanli Active Carbon 300174.SZ | $840M | -14% | +7% | 9% | 20.2× | 17.3% |
| Kuraray 3405.T | $3.52B | +14% | +3% | 7% | 15.0× | -0.2% |
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 | 300174.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -9.2% | -15.4% | 7th highest of 21 |
| 6-month return | -13.7% | -21.8% | 10th highest of 21 |
| Distance from 52-week high | -56.9% | -43.9% | 4th lowest of 21 |
| Revenue growth (TTM) | +6.6% | +6.7% | 11th highest of 21 |
| Operating margin | 8.7% | 7.8% | 10th highest of 21 |
| Forward P/E | 20.2× | 19.9× | 8th most expensive of 16 |
| Growth the price implies (Req g, 7 yrs) | 17.3% | 15.2% | 5th least demanding of 9 |
| Growth delivered (Del g) | +10.1% | +4.4% | 2nd highest of 9 |
| Hurdle (Req g minus delivered) | +7.2 pp | +11.5 pp | 4th least demanding of 9 |
| ROIC minus cost of capital | -3.7 pp | -3.9 pp | 11th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Fujian Yuanli Active Carbon 300174.SZ | China | $840M | -14% | +7% | 9% | 20.2× | 17.3% | +10.1% |
| China Petrochemical Development 1314.TW | Taiwan | $833M | -1% | -35% | -18% | n/a | n/a | n/a |
| HuBei NengTer Technology 002102.SZ | China | $832M | -12% | -59% | -3% | 16.6× | n/a | n/a |
| Sinosteel New Materials 002057.SZ | China | $849M | -22% | +13% | 9% | 12.3× | 12.4% | +13.5% |
| Alkyl Amines Chemicals ALKYLAMINE.NS | India | $849M | -9% | +13% | 17% | 37.4× | 36.2% | +4.3% |
| Kingfa Science & Technology (India) KINGFA.NS | India | $849M | +20% | +24% | 14% | n/a | n/a | n/a |
| Shanxi Lu'an Chemical Technology 600691.SS | China | $827M | -31% | -14% | -8% | 232.0× | 27.2% | -11.2% |
| Shandong Head 002810.SZ | China | $855M | -38% | +16% | 21% | 14.2× | -1.6% | +7.9% |
| Daqo New Energy Corp Sponsored ADR DQ | United States | $856M | -32% | -21% | -70% | n/a | n/a | n/a |
| Zhejiang Zhengguang Industrial 301092.SZ | China | $823M | -1% | -5% | 13% | 53.7× | n/a | n/a |
| Kronos Worldwide KRO | United States | $859M | +46% | +3% | -1% | 11.9× | 17.6% | +2.6% |
| Neo Performance Materials NEO.TO | Canada | $821M | -13% | +24% | 14% | 12.2× | n/a | n/a |
| Hanking Gold International 3788.HK | Hong Kong | $862M | -26% | -19% | 8% | n/a | n/a | n/a |
| Zhejiang Xinhua Chemical 603867.SS | China | $817M | -27% | +7% | 10% | 16.1× | 12.8% | +4.9% |
| Jiangsu Aisen Semiconductor Material 688720.SS | China | $817M | -21% | +29% | 5% | 40.2× | n/a | n/a |
| Zhejiang Wansheng 603010.SS | China | $872M | -25% | +19% | -26% | n/a | n/a | n/a |
| Neogen Chemicals NEOGEN.NS | India | $809M | +47% | +27% | 14% | 109.3× | n/a | n/a |
| Sinolong New Materials 301565.SZ | China | $799M | -27% | +20% | 1% | 23.9× | n/a | n/a |
| Hangzhou Greenda Electronic Materials 603931.SS | China | $797M | -31% | -4% | 20% | 39.7× | 21.4% | +1.4% |
| Toyobo 3101.T | Japan | $793M | -1% | +2% | 7% | 13.6× | 2.0% | +4.6% |
| TETRA Technologies TTI | United States | $891M | -39% | +6% | 7% | 19.9× | n/a | n/a |