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Chinese maker of semiconductor materials, including electroplating chemicals and process materials for chip manufacturing.
Chinese maker of semiconductor materials, including electroplating chemicals and process materials for chip manufacturing.
Sells chemicals consumed in chip fabs and packaging lines, so a qualified product is bought repeatedly as long as the customer's production runs, and sales grow as chip plants add capacity or switch to domestic suppliers. Qualification takes long, which slows entry but also makes first orders slow to arrive.
Moat: narrow (process know-how, customer qualification). Chip-fab process materials require lengthy qualification with wafer fabs.
Headquarters: Shanghai, China · Employees: 1,175
Size Shanghai Sinyang Semiconductor Materials (300236.SZ) is a China Materials company (Industrial Specialties) with a market value of $3.58B, the 720th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥76.17 on 6 Nov 2026.
Performance Over six months the shares fell 19.6%, against -15.3% for the median peer and -16.4% for the China market (cap-weighted) — 9th lowest of 20 in its peer set.
Growth Revenue grew 33.5% over the last twelve months (peer median +12.9%); the operating margin is 15.3% (peer median 9.7%).
Valuation It trades at 54.8× forward earnings against a peer median of 30.3× (4th most expensive of 17).
Capital Return on invested capital runs 4.9 points below its cost of capital (11.5% WACC).
Next results Next results expected around 28 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥2.40B | CN¥1.93B | CN¥1.47B | CN¥1.20B | CN¥1.19B |
| Revenue growth | — | +31% | +22% | +1% | — |
| Gross profit | CN¥1.08B | CN¥746M | CN¥548M | CN¥402M | CN¥354M |
| EBITDA | n/a | CN¥395M | CN¥261M | CN¥198M | CN¥171M |
| Net income | CN¥422M | CN¥301M | CN¥176M | CN¥167M | CN¥53.2M |
| Free cash flow | -CN¥194M | CN¥25.3M | CN¥32.8M | -CN¥30.4M | -CN¥234M |
| Capital expenditure | CN¥757M | CN¥469M | CN¥210M | CN¥213M | CN¥201M |
| Total debt | CN¥1.13B | CN¥1.03B | CN¥645M | CN¥785M | CN¥866M |
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 |
|---|---|---|---|---|---|---|
| Shanghai Sinyang Semiconductor Materials 300236.SZ | $3.58B | -20% | +33% | 15% | 54.8× | n/a |
| Anji Microelectronics Technology (Shanghai) 688019.SS | $7.05B | +7% | +35% | 32% | 31.6× | 28.1% |
| Jiangyin Jianghua Micro-electronics Materials 603078.SS | $1.33B | -7% | +18% | 7% | 79.3× | 32.0% |
| Crystal Clear Electronic Material 300655.SZ | $1.75B | -25% | +27% | 7% | 78.2× | n/a |
| Guangdong Guanghua Sci-Tech 002741.SZ | $1.40B | -9% | +61% | 4% | 58.4× | n/a |
| Element Solutions ESI | $7.61B | -29% | +40% | 14% | 15.0× | 16.6% |
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 | 300236.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -4.8% | -7.8% | 8th highest of 20 |
| 6-month return | -19.6% | -15.3% | 9th lowest of 20 |
| Distance from 52-week high | -44.4% | -36.9% | 8th lowest of 20 |
| Revenue growth (TTM) | +33.5% | +12.9% | 3rd highest of 21 |
| Operating margin | 15.3% | 9.7% | 8th highest of 21 |
| Forward P/E | 54.8× | 30.3× | 4th most expensive of 17 |
| ROIC minus cost of capital | -4.9 pp | -0.1 pp | 6th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Shanghai Sinyang Semiconductor Materials 300236.SZ | China | $3.58B | -20% | +33% | 15% | 54.8× | n/a | n/a |
| AZZ AZZ | United States | $3.76B | -15% | +10% | 17% | 16.9× | 9.8% | +14.5% |
| China Hainan Rubber Industry 601118.SS | China | $3.36B | -27% | -37% | -3% | 104.6× | 2.9% | +22.2% |
| Crown New Materials Techn Co L 001381.SZ | China | $3.33B | n/a | +8% | 10% | n/a | n/a | n/a |
| Beijing Oriental Yuhong Waterproof Technology 002271.SZ | China | $3.92B | -27% | +10% | 1% | 18.8× | 10.6% | +5.0% |
| Kansai Paint 4613.T | Japan | $3.23B | +29% | +3% | 8% | 19.1× | 2.3% | +10.1% |
| FSPG Hi-Tech 000973.SZ | China | $4.07B | -47% | +205% | 17% | 16.5× | n/a | n/a |
| SKSHU Paint 603737.SS | China | $3.14B | -33% | 0% | 4% | 29.5× | 27.7% | +8.9% |
| Kinik 1560.TW | Taiwan | $3.04B | +17% | +19% | 19% | 35.7× | 34.8% | +9.6% |
| Himadri Speciality Chemical HSCL.NS | India | $3.04B | -8% | +25% | 20% | 31.9× | n/a | n/a |
| Flat Glass 601865.SS | China | $3.03B | -30% | -23% | -2% | n/a | 8.2% | +20.0% |
| WD-40 WDFC | United States | $2.97B | +6% | +11% | 16% | 33.9× | 2.2% | +7.1% |
| CSW Industrials CSW | United States | $4.43B | 0% | +30% | 18% | 20.8× | 13.5% | +20.9% |
| SICC 2631.HK | Hong Kong | $4.61B | -41% | +27% | -5% | 93.0× | n/a | n/a |
| Jiangsu Pacific Quartz 603688.SS | China | $2.78B | -38% | +15% | 10% | 82.1× | n/a | n/a |
| GCL Technology 3800.HK | Hong Kong | $2.71B | -30% | +25% | -22% | n/a | n/a | n/a |
| Sunresin New Materials 300487.SZ | China | $4.77B | -2% | +17% | 36% | 31.2× | 19.0% | +24.7% |
| H.B. Fuller FUL | United States | $2.68B | -19% | +1% | 11% | 9.5× | 3.5% | +4.5% |
| DIC 4631.T | Japan | $2.68B | +25% | +6% | 7% | 9.3× | -1.0% | +8.5% |
| Sichuan EM Technology 601208.SS | China | $4.88B | -15% | +23% | 7% | 51.1× | 44.5% | +22.5% |
| Shenzhen Leading Semiconductor Industry 603991.SS | China | $2.60B | +12% | +996% | 10% | n/a | 21.7% | +12.0% |