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Chinese maker of bottle-grade and film-grade PET (polyester) resin chips for packaging and textile fiber.
Chinese maker of bottle-grade and film-grade PET (polyester) resin chips for packaging and textile fiber.
Turns purified terephthalic acid and ethylene glycol into PET chips, so profit is the gap between PET prices and the cost of those two inputs, which moves with the cycle. Scale and plant efficiency decide that gap, since its product is largely interchangeable with competitors'.
Moat: none (scale). PET resin is a scale-driven commodity with limited product differentiation.
Headquarters: Jiaxing, Zhejiang, China · Employees: 2,475
Size Wankai New Materials (301216.SZ) is a China Materials company (Chemicals: Specialty) with a market value of $1.35B, the 1790th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥15.67 on 6 Nov 2026.
Performance Over six months the shares fell 47.8%, against -21.0% for the median peer and -16.4% for the China market (cap-weighted) — 2nd lowest of 21 in its peer set.
Growth Revenue grew 5.0% over the last twelve months (peer median +15.6%); the operating margin is 4.2% (peer median 8.7%).
Valuation It trades at 8.3× forward earnings against a peer median of 19.2× (cheapest of 17).
Capital Return on invested capital runs 0.8 points above its cost of capital (5.9% WACC).
Next results Next results expected around 26 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥17.3B | CN¥15.5B | CN¥17.2B | CN¥17.5B | CN¥19.4B |
| Revenue growth | — | -10% | -2% | -10% | — |
| Gross profit | CN¥1.74B | CN¥480M | CN¥97.3M | CN¥668M | CN¥1.44B |
| EBITDA | n/a | CN¥525M | CN¥16.2M | CN¥618M | CN¥1.44B |
| Net income | CN¥1.00B | CN¥169M | -CN¥300M | CN¥437M | CN¥955M |
| Free cash flow | -CN¥1.40B | -CN¥968M | -CN¥1.65B | -CN¥1.86B | -CN¥49.5M |
| Capital expenditure | CN¥2.38B | CN¥1.45B | CN¥2.94B | CN¥1.84B | CN¥1.13B |
| Total debt | CN¥9.57B | CN¥7.79B | CN¥8.17B | CN¥4.83B | CN¥4.20B |
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 |
|---|---|---|---|---|---|---|
| Wankai New Materials 301216.SZ | $1.35B | -48% | +5% | 4% | 8.3× | n/a |
| Wanhua Chemical 600309.SS | $34.1B | -19% | +37% | 11% | 11.3× | -2.6% |
| Far Eastern New Century 1402.TW | $4.49B | +8% | 0% | 6% | 11.8× | 5.3% |
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 | 301216.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -8.4% | -12.2% | 7th highest of 21 |
| 6-month return | -47.8% | -21.0% | 2nd lowest of 21 |
| Distance from 52-week high | -50.2% | -44.5% | 7th lowest of 21 |
| Revenue growth (TTM) | +5.0% | +15.6% | 6th lowest of 21 |
| Operating margin | 4.2% | 8.7% | 7th lowest of 21 |
| Forward P/E | 8.3× | 19.2× | cheapest of 17 |
| ROIC minus cost of capital | +0.8 pp | -2.2 pp | 4th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Wankai New Materials 301216.SZ | China | $1.35B | -48% | +5% | 4% | 8.3× | n/a | n/a |
| BASF India BASF.NS | India | $1.35B | -23% | +13% | 4% | 17.4× | n/a | n/a |
| Jiangyin Jianghua Micro-electronics Materials 603078.SS | China | $1.33B | -7% | +18% | 7% | 79.3× | 32.0% | +17.0% |
| GCH Technology 688625.SS | China | $1.38B | -32% | +8% | 18% | 19.2× | 27.6% | +16.3% |
| COFCO Biotechnology 000930.SZ | China | $1.32B | -21% | -9% | -2% | n/a | n/a | n/a |
| Global New Material International 6616.HK | Hong Kong | $1.32B | -3% | +165% | 0% | 14.1× | n/a | n/a |
| Dawei Technology (Guangdong) 600589.SS | China | $1.32B | -38% | +29% | -10% | n/a | n/a | n/a |
| Guangdong Guanghua Sci-Tech 002741.SZ | China | $1.40B | -9% | +61% | 4% | 58.4× | n/a | n/a |
| Shandong Dawn Polymer 002838.SZ | China | $1.40B | -35% | +31% | 6% | 19.3× | n/a | n/a |
| REX American Resources REX | United States | $1.31B | -21% | +6% | 15% | 26.2× | -3.8% | +11.7% |
| Industrie De Nora DNR.MI | Italy | $1.31B | -23% | -2% | 14% | 16.0× | n/a | n/a |
| Shenzhen Rongda Photosensitive & Technology 300576.SZ | China | $1.40B | -31% | +14% | 10% | n/a | n/a | n/a |
| Beijing Haixin Energy Technology 300072.SZ | China | $1.30B | -20% | +61% | -9% | 121.7× | n/a | n/a |
| Shiny Chemical Industrial 1773.TW | Taiwan | $1.29B | -20% | +20% | 22% | 15.1× | 5.5% | +8.1% |
| Chengzhi 000990.SZ | China | $1.29B | -43% | -7% | 7% | 10.6× | -2.8% | +2.2% |
| Shandong Kaisheng New Materials 301069.SZ | China | $1.28B | -19% | +20% | 13% | 47.0× | 29.2% | +10.4% |
| Anhui Guangxin Agrochemical 603599.SS | China | $1.43B | -29% | -13% | 18% | 13.1× | -3.8% | +0.6% |
| Guangdong Orient Zirconic Industry Science & Technology 002167.SZ | China | $1.44B | +5% | +17% | 14% | 48.5× | 32.4% | +10.1% |
| Jilin OLED Material Tech 688378.SS | China | $1.45B | -17% | +74% | 18% | 28.1× | 46.2% | +15.2% |
| Elementis ELM.L | United Kingdom | $1.45B | +34% | -12% | 20% | 16.9× | 16.9% | -4.8% |
| LOTTE CHEMICAL 011170.KS | South Korea | $1.45B | -59% | +5% | -2% | n/a | n/a | n/a |