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Maker of ion-exchange resins and adsorbent materials used in water treatment, pharma purification and lithium extraction.
Maker of ion-exchange resins and adsorbent materials used in water treatment, pharma purification and lithium extraction.
Sells specialised resins that are used up or replaced over time, plus the process equipment around them, and for lithium it supplies whole extraction systems on project contracts, so orders arrive in lumps tied to new lithium-processing plants. Water treatment and drug purification give it steadier replacement demand.
In one line: A Chinese Lanxess/Purolite for ion-exchange resins.
Moat: narrow (process know-how, IP / patents). Specialised resin-synthesis know-how applied across water treatment, pharma and lithium-extraction niches.
Headquarters: Xi'an, Shaanxi, China · Founded: 2001 · Employees: 1,618
Size Sunresin New Materials (300487.SZ) is a China Materials company (Industrial Specialties) with a market value of $4.77B, the 529th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥62.50 on 6 Nov 2026.
Performance Over six months the shares fell 2.0%, against -14.8% for the median peer and -16.4% for the China market (cap-weighted) — 7th highest of 20 in its peer set.
Growth Revenue grew 17.0% over the last twelve months (peer median +11.0%); the operating margin is 36.5% (peer median 11.9%).
Valuation It trades at 31.2× forward earnings against a peer median of 25.1× (8th most expensive of 19).
Price implies For today's price to make sense, revenue must grow about 19% a year for seven years (Req g). Recent delivered growth is +25%, so the hurdle is -6 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 23.6 points above its cost of capital (9.7% WACC).
Next results Next results expected around 28 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥3.03B | CN¥2.77B | CN¥2.54B | CN¥2.48B | CN¥1.91B |
| Revenue growth | — | +9% | +3% | +30% | — |
| Gross profit | CN¥1.64B | CN¥1.38B | CN¥1.21B | CN¥1.17B | CN¥802M |
| EBITDA | n/a | CN¥1.14B | CN¥996M | CN¥939M | CN¥610M |
| Net income | CN¥892M | CN¥897M | CN¥787M | CN¥717M | CN¥538M |
| Free cash flow | CN¥810M | CN¥677M | CN¥559M | CN¥515M | CN¥646M |
| Capital expenditure | CN¥124M | CN¥115M | CN¥179M | CN¥160M | CN¥80.7M |
| Total debt | CN¥741M | CN¥603M | CN¥613M | CN¥723M | CN¥285M |
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 |
|---|---|---|---|---|---|---|
| Sunresin New Materials 300487.SZ | $4.77B | -2% | +17% | 36% | 31.2× | 19.0% |
| Lanxess LXS.DE | $1.27B | -30% | -10% | -1% | n/a | 17.9% |
| Ecolab ECL | $84.3B | +19% | +9% | 18% | 33.6× | 19.7% |
| 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 | 300487.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -3.5% | -2.9% | 10th lowest of 20 |
| 6-month return | -2.0% | -14.8% | 7th highest of 20 |
| Distance from 52-week high | -26.6% | -30.7% | 9th highest of 20 |
| Revenue growth (TTM) | +17.0% | +11.0% | 9th highest of 21 |
| Operating margin | 36.5% | 11.9% | highest of 21 |
| Forward P/E | 31.2× | 25.1× | 8th most expensive of 19 |
| Growth the price implies (Req g, 7 yrs) | 19.0% | 10.6% | 6th most demanding of 14 |
| Growth delivered (Del g) | +24.7% | +11.8% | highest of 14 |
| Hurdle (Req g minus delivered) | -5.7 pp | -2.7 pp | 6th least demanding of 14 |
| ROIC minus cost of capital | +23.6 pp | +0.7 pp | highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Sunresin New Materials 300487.SZ | China | $4.77B | -2% | +17% | 36% | 31.2× | 19.0% | +24.7% |
| Sichuan EM Technology 601208.SS | China | $4.88B | -15% | +23% | 7% | 51.1× | 44.5% | +22.5% |
| SICC 2631.HK | Hong Kong | $4.61B | -41% | +27% | -5% | 93.0× | n/a | n/a |
| Taiwan Glass Industry 1802.TW | Taiwan | $5.08B | -21% | +12% | 12% | 16.7× | n/a | n/a |
| CSW Industrials CSW | United States | $4.43B | 0% | +30% | 18% | 20.8× | 13.5% | +20.9% |
| FSPG Hi-Tech 000973.SZ | China | $4.07B | -47% | +205% | 17% | 16.5× | n/a | n/a |
| Beijing Oriental Yuhong Waterproof Technology 002271.SZ | China | $3.92B | -27% | +10% | 1% | 18.8× | 10.6% | +5.0% |
| Fuchs FPE.DE | Germany | $5.87B | +21% | +12% | 13% | 13.8× | -4.4% | +8.4% |
| Berger Paints India BERGEPAINT.NS | India | $5.90B | -2% | +5% | 12% | 41.5× | 38.5% | +11.8% |
| AZZ AZZ | United States | $3.76B | -15% | +10% | 17% | 16.9× | 9.8% | +14.5% |
| Shanghai Sinyang Semiconductor Materials 300236.SZ | China | $3.58B | -20% | +33% | 15% | 54.8× | n/a | n/a |
| Sekisui Chemical 4204.T | Japan | $6.61B | +9% | +6% | 9% | 13.4× | n/a | n/a |
| 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 |
| Kansai Paint 4613.T | Japan | $3.23B | +29% | +3% | 8% | 19.1× | 2.3% | +10.1% |
| Orica ORI.AX | Australia | $7.23B | +1% | +2% | 11% | 18.2× | 6.9% | +9.6% |
| 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% |
| Srf SRF.NS | India | $7.67B | -11% | +20% | 19% | 30.3× | 25.2% | +13.5% |