Loading…
Zhejiang chemical-park operator supplying steam/heat and making surfactant and fine chemicals.
Zhejiang chemical-park operator supplying steam/heat and making surfactant and fine chemicals.
Sells steam and power to the other companies in its chemical park, which gives steadier income than the chemicals it also makes. Surfactants, the cleaning-agent ingredients, and other chemicals earn variable margins that follow raw-material costs.
Moat: narrow (installed base, regulatory licence). Operates shared steam/utility infrastructure for a chemical industrial park, a local natural-monopoly position.
Headquarters: Jiaxing, Zhejiang, China · Employees: 1,252
Size Zhejiang Jiahua Energy Chemical Industry (600273.SS) is a China Materials company (Chemicals: Specialty) with a market value of $1.23B, the 1934th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥6.38 on 6 Nov 2026.
Performance Over six months the shares fell 21.9%, against -20.4% for the median peer and -16.4% for the China market (cap-weighted) — 10th lowest of 21 in its peer set.
Growth Revenue grew 3.7% over the last twelve months (peer median +2.6%); the operating margin is 5.2% (peer median 12.6%).
Valuation It trades at 7.8× forward earnings against a peer median of 15.5× (cheapest of 15).
Price implies For today's price to make sense, revenue must grow about -6% a year for seven years (Req g). Recent delivered growth is +13%, so the hurdle is -19 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 2.1 points above its cost of capital (5.3% WACC).
Next results Next results expected around 1 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥10.2B | CN¥10.2B | CN¥9.12B | CN¥8.76B | CN¥11.5B |
| Revenue growth | — | +12% | +4% | -24% | — |
| Gross profit | CN¥1.71B | CN¥1.42B | CN¥1.49B | CN¥1.65B | CN¥2.38B |
| EBITDA | n/a | CN¥1.80B | CN¥1.88B | CN¥1.95B | CN¥2.61B |
| Net income | CN¥530M | CN¥988M | CN¥1.01B | CN¥1.18B | CN¥1.60B |
| Free cash flow | CN¥109M | CN¥549M | CN¥290M | -CN¥238M | CN¥1.19B |
| Capital expenditure | CN¥255M | CN¥282M | CN¥714M | CN¥560M | CN¥360M |
| Total debt | CN¥2.58B | CN¥1.59B | CN¥1.08B | CN¥688M | CN¥512M |
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 | 600273.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +1.8% | -9.4% | 3rd highest of 21 |
| 6-month return | -21.9% | -20.4% | 10th lowest of 21 |
| Distance from 52-week high | -47.9% | -46.2% | 9th lowest of 21 |
| Revenue growth (TTM) | +3.7% | +2.6% | 10th highest of 21 |
| Operating margin | 5.2% | 12.6% | 5th lowest of 21 |
| Forward P/E | 7.8× | 15.5× | cheapest of 15 |
| Growth the price implies (Req g, 7 yrs) | -6.3% | 12.1% | 2nd least demanding of 13 |
| Growth delivered (Del g) | +12.9% | +8.8% | 4th highest of 13 |
| Hurdle (Req g minus delivered) | -19.1 pp | -1.2 pp | least demanding of 13 |
| ROIC minus cost of capital | +2.1 pp | -1.8 pp | 8th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Zhejiang Jiahua Energy Chemical Industry 600273.SS | China | $1.23B | -22% | +4% | 5% | 7.8× | -6.3% | +12.9% |
| Shanghai Skychem Technology 688603.SS | China | $1.22B | -29% | +38% | 19% | 44.6× | n/a | n/a |
| Nan Pao Resins Chemical 4766.TW | Taiwan | $1.24B | -6% | +3% | 16% | 13.3× | -8.7% | +8.3% |
| Yunnan Energy Investment 002053.SZ | China | $1.21B | -24% | -24% | 20% | 11.6× | n/a | n/a |
| Tongyu Advanced Materials (Guangdong) 301630.SZ | China | $1.21B | -19% | +26% | 18% | n/a | 35.9% | +26.0% |
| Shanghai Chlor-Alkali Chemical 600618.SS | China | $1.24B | -29% | +2% | 6% | n/a | -0.4% | +9.9% |
| Anhui Shenjian New Materials 002361.SZ | China | $1.25B | -54% | -4% | -3% | n/a | n/a | n/a |
| Guizhou Redstar Developing 600367.SS | China | $1.25B | +14% | +1% | 7% | n/a | 26.8% | +9.1% |
| ISE Chemicals 4107.T | Japan | $1.20B | -30% | 0% | 22% | 36.0× | 18.6% | +18.4% |
| Toagosei 4045.T | Japan | $1.19B | +3% | +2% | 9% | 14.4× | n/a | n/a |
| Chemtrade Logistics Income Fund CHE-UN.TO | Canada | $1.19B | -17% | +12% | 12% | 9.5× | -0.8% | +7.7% |
| Hunan Kaimeite Gases 002549.SZ | China | $1.18B | -43% | -7% | -5% | 38.9× | n/a | n/a |
| Shandong Kaisheng New Materials 301069.SZ | China | $1.28B | -19% | +20% | 13% | 47.0× | 29.2% | +10.4% |
| Jinhong Gas 688106.SS | China | $1.17B | -42% | +15% | 2% | 67.0× | n/a | n/a |
| Chengzhi 000990.SZ | China | $1.29B | -43% | -7% | 7% | 10.6× | -2.8% | +2.2% |
| Hebei Jinniu Chemical Industry 600722.SS | China | $1.16B | -16% | -1% | 18% | n/a | 28.1% | +3.0% |
| Shiny Chemical Industrial 1773.TW | Taiwan | $1.29B | -20% | +20% | 22% | 15.1× | 5.5% | +8.1% |
| Beijing Haixin Energy Technology 300072.SZ | China | $1.30B | -20% | +61% | -9% | 121.7× | n/a | n/a |
| Shandong Boyuan Advanced Materials 301617.SZ | China | $1.15B | -4% | +11% | 12% | n/a | 44.7% | +22.5% |
| Shin-Etsu Polymer 7970.T | Japan | $1.15B | +5% | +10% | 13% | 13.2× | -2.9% | +8.4% |
| Industrie De Nora DNR.MI | Italy | $1.31B | -23% | -2% | 14% | 16.0× | n/a | n/a |