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One of the world's largest makers of disperse and reactive dyes and dye intermediates for the textile industry.
One of the world's largest makers of disperse and reactive dyes and dye intermediates for the textile industry.
Sells dyes to textile mills and dye houses, so profit swings with dye prices and the cost of intermediates, the chemicals dyes are built from, which it also makes itself. It is among the world's largest makers of disperse dyes.
In one line: China's Huntsman/Archroma (dyestuffs).
Moat: narrow (scale, cost advantage). Global scale in a consolidated dye industry with high environmental-compliance barriers to entry.
Headquarters: Shaoxing, China · Founded: 1993 · Employees: 5,322
Size Zhejiang Longsheng (600352.SS) is a China Materials company (Chemicals: Specialty) with a market value of $5.70B, the 437th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥11.68 on 6 Nov 2026.
Performance Over six months the shares fell 11.0%, against -8.4% for the median peer and -16.4% for the China market (cap-weighted) — 10th lowest of 21 in its peer set.
Growth Revenue fell 1.1% over the last twelve months (peer median +12.2%); the operating margin is 18.7% (peer median 14.2%).
Valuation It trades at 13.7× forward earnings against a peer median of 22.4× (7th cheapest of 20).
Price implies For today's price to make sense, revenue must grow about -5% a year for seven years (Req g). Recent delivered growth is -3%, so the hurdle is -2 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 3.2 points above its cost of capital (5.5% WACC).
Next results Next results expected around 20 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥14.8B | CN¥13.3B | CN¥15.9B | CN¥15.2B | CN¥20.9B |
| Revenue growth | — | -16% | +4% | -27% | — |
| Gross profit | CN¥5.49B | CN¥3.81B | CN¥4.23B | CN¥3.72B | CN¥5.87B |
| EBITDA | n/a | CN¥2.76B | CN¥2.95B | CN¥2.75B | CN¥4.65B |
| Net income | CN¥2.08B | CN¥1.83B | CN¥2.03B | CN¥1.53B | CN¥3.00B |
| Free cash flow | CN¥2.22B | CN¥5.62B | CN¥9.32B | CN¥3.05B | CN¥709M |
| Capital expenditure | CN¥353M | CN¥272M | CN¥136M | CN¥228M | CN¥588M |
| Total debt | CN¥15.7B | CN¥24.5B | CN¥22.1B | CN¥25.6B | CN¥24.7B |
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 |
|---|---|---|---|---|---|---|
| Zhejiang Longsheng 600352.SS | $5.70B | -11% | -1% | 19% | 13.7× | -5.2% |
| Zhejiang Runtu 002440.SZ | $1.77B | -1% | +23% | 17% | 8.5× | -5.5% |
| Huntsman HUN | $1.66B | -37% | +6% | 0% | 353.8× | n/a |
| Kiri Industries KIRIINDUS.NS | $345M | +16% | +11% | -25% | n/a | n/a |
| Jiangsu Yabang Dyestuff 603188.SS | $350M | -22% | +13% | -9% | n/a | n/a |
| Everlight Chemical Industrial 1711.TW | $593M | -45% | -2% | -1% | n/a | n/a |
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 | 600352.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -5.4% | +0.3% | 9th lowest of 21 |
| 6-month return | -11.0% | -8.4% | 10th lowest of 21 |
| Distance from 52-week high | -31.7% | -29.5% | 9th lowest of 21 |
| Revenue growth (TTM) | -1.1% | +12.2% | 3rd lowest of 21 |
| Operating margin | 18.7% | 14.2% | 8th highest of 21 |
| Forward P/E | 13.7× | 22.4× | 7th cheapest of 20 |
| Growth the price implies (Req g, 7 yrs) | -5.2% | 11.0% | 2nd least demanding of 16 |
| Growth delivered (Del g) | -3.1% | +11.5% | lowest of 16 |
| Hurdle (Req g minus delivered) | -2.1 pp | -1.7 pp | 8th least demanding of 16 |
| ROIC minus cost of capital | +3.2 pp | -0.1 pp | 7th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Zhejiang Longsheng 600352.SS | China | $5.70B | -11% | -1% | 19% | 13.7× | -5.2% | -3.1% |
| Coromandel International COROMANDEL.NS | India | $5.69B | -7% | +24% | 8% | 27.3× | n/a | n/a |
| Nissan Chemical 4021.T | Japan | $5.72B | 0% | +10% | 23% | 15.9× | 9.3% | +6.0% |
| Canmax Technologies 300390.SZ | China | $5.62B | -64% | +98% | 27% | 7.3× | n/a | n/a |
| Kingboard 0148.HK | Hong Kong | $5.78B | -17% | +19% | 15% | 5.0× | n/a | n/a |
| LB Group Co., Ltd. Class A 002601.SZ | China | $5.58B | -8% | +7% | 7% | 22.4× | 5.0% | +12.9% |
| Inner Mongolia Junzheng Energy & Chemical 601216.SS | China | $5.92B | -16% | +3% | 11% | 12.0× | -3.4% | +11.3% |
| Gujarat Fluorochemicals FLUOROCHEM.NS | India | $5.42B | +23% | +20% | 17% | 53.0× | n/a | n/a |
| Hoshine Silicon Industry 603260.SS | China | $5.32B | -33% | -7% | -6% | 41.7× | 22.5% | +18.5% |
| Shenzhen Capchem Technology 300037.SZ | China | $6.16B | -21% | +72% | 13% | 19.0× | 19.3% | +26.6% |
| Linde India LINDEINDIA.NS | India | $6.20B | -13% | +13% | 22% | 97.2× | 47.9% | +11.5% |
| Methanex MX.TO | Canada | $5.18B | +12% | +31% | 23% | 6.9× | -9.4% | +7.1% |
| Haohua Chemical Science & Technology 600378.SS | China | $6.29B | -9% | +20% | 9% | 22.1× | 11.0% | +25.2% |
| Celanese CE | United States | $5.10B | -19% | +1% | 9% | 7.6× | 5.3% | +11.0% |
| NewMarket NEU | United States | $6.39B | +1% | +1% | 20% | n/a | -0.8% | +6.3% |
| SOL SOL.MI | Italy | $6.39B | +6% | +9% | 14% | 30.5× | 16.9% | +12.8% |
| Sumitomo Chemical 4005.T | Japan | $4.93B | -7% | -2% | 5% | 6.9× | 1.1% | +0.4% |
| Navin Fluorine International NAVINFLUOR.NS | India | $4.89B | +27% | +46% | 30% | 45.6× | 34.0% | +22.7% |
| Croda International CRDA.L | United Kingdom | $6.88B | +31% | +3% | 16% | 23.3× | 19.9% | +4.1% |
| Dottikon ES DESN.SW | Switzerland | $4.72B | -24% | +11% | 27% | 37.6× | 12.6% | +14.4% |
| Red Avenue New Materials 603650.SS | China | $4.70B | -12% | +24% | 9% | 40.7× | n/a | n/a |