Inner Mongolia-based chemical producer under the state-owned China National Salt Industry Group (CNSIG), likely making soda ash and related basic chemicals.
Inner Mongolia-based chemical producer under the state-owned China National Salt Industry Group (CNSIG), likely making soda ash and related basic chemicals.
Moat: none (regulatory licence). State-backed commodity chemical producer without strong product differentiation.
Headquarters: Inner Mongolia, China · Employees: 8,748
Size CNSIG Inner Mongolia Chemical Industry (600328.SS) is a China Materials company (Chemicals: Major Diversified) with a market value of $1.21B, the 1952nd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥5.51 on 6 Nov 2026.
Performance Over six months the shares fell 32.0%, against -28.4% for the median peer and -16.4% for the China market (cap-weighted) — 7th lowest of 20 in its peer set.
Growth Revenue fell 20.3% over the last twelve months (peer median +4.7%); the operating margin is -6.6% (peer median 15.1%).
Valuation It trades at 0.70× book value against a peer median of 2.13× (2nd cheapest of 21).
Price implies The share price implies a return on equity of about 6.3%; CNSIG Inner Mongolia Chemical Industry delivers -4.8%, so the price asks more than the business earns today.
Next results Next results expected around 23 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥9.64B | CN¥11.3B | CN¥12.9B | CN¥16.2B | CN¥19.0B |
| Revenue growth | — | -12% | -21% | -15% | — |
| Gross profit | CN¥1.10B | CN¥959M | CN¥2.12B | CN¥3.73B | CN¥4.91B |
| EBITDA | n/a | CN¥1.16B | CN¥2.07B | CN¥3.28B | CN¥4.42B |
| Net income | -CN¥559M | CN¥73.9M | CN¥519M | CN¥1.19B | CN¥1.86B |
| Free cash flow | -CN¥626M | -CN¥6.86B | CN¥10.9M | CN¥1.60B | CN¥1.71B |
| Capital expenditure | CN¥486M | CN¥6.98B | CN¥626M | CN¥63.2M | CN¥41.5M |
| Total debt | CN¥5.44B | CN¥6.48B | CN¥2.31B | CN¥1.69B | CN¥3.81B |
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| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| CNSIG Inner Mongolia Chemical Industry 600328.SS | $1.21B | -32% | -20% | -5% | 0.70× | 6.3% |
| Jiang Su Suyan Jingshen 603299.SS | $1.28B | -18% | -5% | 4% | 1.06× | 5.9% |
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 | 600328.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -3.3% | -10.0% | 5th highest of 21 |
| 6-month return | -32.0% | -28.4% | 7th lowest of 20 |
| Return on equity | -4.8% | 9.8% | 3rd lowest of 21 |
| Price / book | 0.70× | 2.13× | 2nd cheapest of 21 |
| ROE the price implies | 6.3% | 17.5% | 2nd least demanding of 21 |
| ROE delivered | -4.8% | 9.8% | 3rd lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| CNSIG Inner Mongolia Chemical Industry 600328.SS | China | $1.21B | -32% | -20% | -5% | 0.70× | 6.3% | -4.8% |
| Hubei Jianghan New Materials 603281.SS | China | $1.20B | -30% | +8% | 8% | 1.83× | 14.1% | 7.6% |
| Nippon Soda 4041.T | Japan | $1.19B | -5% | -1% | 9% | 0.87× | 6.3% | 9.2% |
| Xinxiang Richful Lube Additive 300910.SZ | China | $1.26B | -38% | +12% | 18% | 2.16× | 14.0% | 17.7% |
| Jinan Acetate Chemical 4763.TW | Taiwan | $1.26B | -3% | -36% | 23% | 2.13× | 7.1% | 23.3% |
| Lanxess LXS.DE | Germany | $1.27B | -30% | -10% | -18% | 0.33× | 5.0% | -17.9% |
| Hanchem 014680.KS | South Korea | $1.30B | -40% | +15% | 15% | 1.68× | 13.2% | 14.5% |
| China Resources Chemical Innovative Materials 301090.SZ | China | $1.35B | -33% | +4% | 4% | 1.36× | 12.9% | 4.2% |
| Isuspecialtychemical 457190.KS | South Korea | $1.36B | -49% | +14% | 5% | 13.57× | 91.9% | 5.1% |
| Shanghai Emperor of Cleaning Hi-Tech 603200.SS | China | $1.37B | -16% | +4% | -5% | 8.50× | 71.5% | -4.6% |
| Jiangsu Shuangxing Color Plastic New Materials 002585.SZ | China | $1.38B | +5% | -4% | -3% | 1.12× | 14.4% | -3.4% |
| Rianlon 300596.SZ | China | $1.39B | -7% | +11% | 12% | 1.80× | 13.6% | 11.7% |
| Privi Speciality Chemicals PRIVISCL.NS | India | $1.40B | -4% | +18% | 26% | 8.35× | 98.6% | 26.5% |
| Dalian Bio-Chem 603360.SS | China | $1.05B | -55% | 0% | 10% | 4.99× | 27.5% | 10.1% |
| Victrex VCT.L | United Kingdom | $1.04B | +54% | -1% | -5% | 2.14× | 21.3% | -4.9% |
| Jilin Chemical Fibre Stock 000420.SZ | China | $1.42B | -25% | +11% | 0% | 2.13× | 18.1% | 0.3% |
| Caregen 214370.KS | South Korea | $1.01B | -73% | -8% | 10% | 6.29× | 33.0% | 10.5% |
| Jiangsu Zhengdan Chemical Industry 300641.SZ | China | $981M | -28% | -30% | 10% | 2.05× | 21.1% | 9.6% |
| Jubilant Ingrevia JUBLINGREA.NS | India | $966M | -24% | +15% | 11% | 2.72× | 38.8% | 11.0% |
| Alzchem ACT0.DE | Germany | $1.56B | n/a | +5% | 25% | 4.91× | 19.3% | 25.2% |
| Zhejiang Huangma Technology 603181.SS | China | $935M | -30% | +7% | 12% | 1.67× | 16.8% | 11.8% |