Loading…
Employees: 627
Size Dongguan Changlian New Materials Technology (301618.SZ) is a China Materials company (Industrial Specialties) with a market value of $519M, the 3781st largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥27.38 on 6 Nov 2026.
Performance Over six months the shares fell 21.5%, against -21.6% for the median peer and -16.4% for the China market (cap-weighted) — 11th highest of 21 in its peer set.
Growth Revenue grew 23.2% over the last twelve months (peer median +6.4%); the operating margin is 3.8% (peer median 3.4%).
Valuation It trades at 5.0× enterprise value to sales against a peer median of 2.4× (5th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 49% a year for seven years (Req g). Recent delivered growth is +3%, so the hurdle is +45 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 8.7 points below its cost of capital (12.6% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥668M | CN¥566M | CN¥552M | CN¥528M | CN¥536M |
| Revenue growth | — | +3% | +4% | -1% | — |
| Gross profit | CN¥167M | CN¥152M | CN¥175M | CN¥177M | CN¥169M |
| EBITDA | n/a | CN¥61.6M | CN¥93.1M | CN¥110M | CN¥106M |
| Net income | CN¥25.9M | CN¥40.6M | CN¥70.0M | CN¥82.5M | CN¥79.5M |
| Free cash flow | CN¥40.9M | -CN¥31.7M | -CN¥34.3M | CN¥13.1M | CN¥62.4M |
| Capital expenditure | CN¥57.6M | CN¥75.5M | CN¥84.5M | CN¥95.1M | CN¥33.6M |
| Total debt | CN¥219M | CN¥173M | CN¥146M | CN¥101M | CN¥105M |
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.
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 | 301618.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -10.2% | -13.7% | 10th highest of 21 |
| 6-month return | -21.5% | -21.6% | 11th highest of 21 |
| Distance from 52-week high | -46.3% | -46.7% | 10th highest of 21 |
| Revenue growth (TTM) | +23.2% | +6.4% | highest of 21 |
| Operating margin | 3.8% | 3.4% | 11th highest of 21 |
| EV / Sales | 5.0× | 2.4× | 5th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 48.7% | 19.2% | 3rd most demanding of 11 |
| Growth delivered (Del g) | +3.2% | +7.7% | 4th lowest of 11 |
| Hurdle (Req g minus delivered) | +45.5 pp | +8.5 pp | 3rd most demanding of 11 |
| ROIC minus cost of capital | -8.7 pp | -5.6 pp | 6th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Dongguan Changlian New Materials Technology 301618.SZ | China | $519M | -21% | +23% | 4% | 5.0× | 48.7% | +3.2% |
| Changchun Gas 600333.SS | China | $520M | -1% | +15% | 4% | 2.4× | 21.2% | +9.6% |
| Shanghai Yongguan Adhesive Products 603681.SS | China | $520M | -20% | +7% | 1% | 0.8× | 28.1% | +22.6% |
| HankukCarbon 017960.KS | South Korea | $526M | -71% | +11% | 18% | 0.6× | -20.0% | +17.2% |
| Shenzhen King Explorer Science & Technology 002917.SZ | China | $509M | -25% | +1% | 11% | 2.2× | -1.1% | +22.8% |
| NanJing Sanchao Advanced Materials 300554.SZ | China | $508M | -27% | +6% | -51% | 12.4× | n/a | n/a |
| Kangda New Materials (Group) 002669.SZ | China | $498M | -18% | +23% | 3% | 1.2× | n/a | n/a |
| Suzhou Xingye Materials Technology 603928.SS | China | $540M | -14% | +15% | 7% | 2.1× | 17.2% | +1.8% |
| Dongguan Golden Sun Abrasives 300606.SZ | China | $545M | -29% | -12% | 5% | 7.7× | 35.2% | +5.8% |
| Beijing Comens New Materials 300200.SZ | China | $491M | -24% | +20% | 4% | 2.4× | n/a | n/a |
| Zhejiang Runyang New Material Technology 300920.SZ | China | $548M | -6% | -1% | 5% | 8.9× | 51.7% | -0.5% |
| Rayitek Hi-Tech Film 688323.SS | China | $554M | -23% | +8% | -11% | 10.9× | n/a | n/a |
| Changzhou Almaden Stock 002623.SZ | China | $558M | -11% | -22% | -11% | 2.5× | n/a | n/a |
| Shanxi Huhua 003002.SZ | China | $482M | -52% | -4% | 6% | 2.2× | 12.0% | +18.8% |
| Jiangsu Xiuqiang Glasswork 300160.SZ | China | $478M | -20% | -8% | 7% | 1.4× | 1.7% | +5.3% |
| SANVO Fine Chemicals 0301.HK | Hong Kong | $476M | +269% | +3% | -3% | 3.5× | n/a | n/a |
| Sokan New Materials 688157.SS | China | $476M | -44% | -8% | -3% | 4.7× | n/a | n/a |
| Lucky Film 600135.SS | China | $568M | -40% | +14% | -4% | 2.2× | n/a | n/a |
| Shanghai Kinlita Chemical 300225.SZ | China | $472M | +7% | +20% | 2% | 3.2× | 48.9% | -2.0% |
| Hangzhou Heshun Technology 301237.SZ | China | $471M | -41% | +23% | -20% | 5.0× | n/a | n/a |
| Matsumoto Yushiseiyaku 4365.T | Japan | $467M | +10% | -1% | 20% | 0.5× | n/a | n/a |