Employees: 582
Size Changhua Chemical Technology (301518.SZ) is a China Materials company (Chemicals: Specialty) with a market value of $452M, the 4096th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥20.12 on 6 Nov 2026.
Performance Over six months the shares fell 45.2%, against -13.5% for the median peer and -16.4% for the China market (cap-weighted) — 2nd lowest of 21 in its peer set.
Growth Revenue grew 17.1% over the last twelve months (peer median +9.0%); the operating margin is -2.1% (peer median 5.3%).
Valuation It trades at 1.88× book value against a peer median of 1.40× (9th most expensive of 20).
Price implies The share price implies a return on equity of about 19.1%; Changhua Chemical Technology delivers -3.1%, so the price asks more than the business earns today.
Next results Next results expected around 20 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥3.33B | CN¥2.75B | CN¥3.05B | CN¥2.71B | CN¥2.31B |
| Revenue growth | — | -10% | +12% | +17% | — |
| Gross profit | CN¥154M | CN¥198M | CN¥123M | CN¥211M | CN¥155M |
| EBITDA | n/a | CN¥154M | CN¥81.9M | CN¥165M | CN¥145M |
| Net income | -CN¥47.4M | CN¥97.2M | CN¥58.2M | CN¥116M | CN¥89.4M |
| Free cash flow | -CN¥910M | -CN¥694M | -CN¥307M | CN¥14.5M | CN¥130M |
| Capital expenditure | CN¥911M | CN¥825M | CN¥380M | CN¥120M | CN¥38.0M |
| Total debt | CN¥1.45B | CN¥816M | CN¥67.3M | CN¥52.5M | CN¥64.5M |
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| Measure | 301518.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -18.3% | -12.8% | 5th lowest of 21 |
| 6-month return | -45.2% | -13.5% | 2nd lowest of 21 |
| Return on equity | -3.1% | 6.8% | 4th lowest of 20 |
| Price / book | 1.88× | 1.40× | 9th most expensive of 20 |
| ROE the price implies | 19.1% | 12.9% | 5th most demanding of 20 |
| ROE delivered | -3.1% | 6.8% | 4th lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Changhua Chemical Technology 301518.SZ | China | $452M | -45% | +17% | -3% | 1.88× | 19.1% | -3.1% |
| Advansix ASIX | United States | $454M | -17% | +8% | -3% | 0.58× | 7.7% | -2.8% |
| Valhi VHI | United States | $456M | +11% | +3% | -5% | 0.44× | 6.2% | -4.8% |
| Braskem S.A. Sponsored ADR Pfd BAK | United States | $457M | -70% | -1% | n/a | n/a | n/a | n/a |
| Renxin New Material 301395.SZ | China | $445M | -10% | +1% | -9% | 2.07× | 18.7% | -8.8% |
| Ho Tung Chemical 1714.TW | Taiwan | $459M | +67% | +36% | 10% | 1.15× | 4.9% | 9.5% |
| FuJian Nox Bellcow 300132.SZ | China | $459M | -37% | +18% | 13% | 1.95× | 16.2% | 12.8% |
| UPC Technology 1313.TW | Taiwan | $445M | +4% | -1% | 1% | 0.52× | 2.4% | 0.7% |
| Shenyang Chemical Industry 000698.SZ | China | $445M | -6% | +18% | -1% | 2.02× | 12.9% | -0.8% |
| Qingdao Copton Technology 603798.SS | China | $443M | -36% | -12% | 3% | 2.44× | 21.6% | 3.4% |
| JSP 7942.T | Japan | $462M | +29% | +14% | 9% | 0.67× | 6.8% | 9.4% |
| Nantong Jiangtian Chemical 300927.SZ | China | $463M | -29% | +51% | 9% | 2.98× | 30.6% | 8.7% |
| Lee & Man Chemical 0746.HK | Hong Kong | $465M | -9% | +3% | 9% | 0.53× | 5.5% | 8.8% |
| Dymatic Chemicals 002054.SZ | China | $465M | -25% | +21% | 7% | 1.15× | 8.8% | 7.1% |
| Kente Catalysts 603120.SS | China | $465M | +6% | +9% | 7% | 3.17× | 28.0% | 6.8% |
| Zhejiang Jianye Chemical 603948.SS | China | $436M | -35% | -5% | 7% | 1.40× | 13.5% | 6.8% |
| Ellenbarrie Industrial Gases ELLEN.NS | India | $434M | 0% | +289% | 12% | 3.90× | 52.8% | 12.1% |
| Guangdong Delian 002666.SZ | China | $434M | -29% | +5% | 1% | 0.81× | 6.3% | 1.2% |
| Zhejiang Haisen Pharmaceutical 001367.SZ | China | $434M | -20% | +9% | 10% | 1.81× | 13.0% | 9.9% |
| Shaanxi Xinghua Chemistry 002109.SZ | China | $473M | -39% | +20% | -4% | 0.82× | 5.9% | -4.0% |
| Zhejiang Hisun Biomaterials 688203.SS | China | $473M | +16% | +47% | 2% | 2.10× | 16.9% | 2.2% |