Loading…
One of China's largest pesticide and agrochemical manufacturers, producing insecticides, herbicides and fungicides.
One of China's largest pesticide and agrochemical manufacturers, producing insecticides, herbicides and fungicides.
Sells crop-protection chemicals to distributors and to larger agrochemical companies that buy them as ingredients, so prices follow the supply of Chinese and Indian producers and swing with the farm cycle. It sits within Sinochem, the state-owned group that also owns the Syngenta crop-chemical and seed business.
In one line: A Chinese FMC/Corteva Agriscience for crop protection.
Moat: narrow (scale, IP / patents, distribution). Large integrated production scale and a broad registered-product portfolio versus fragmented domestic peers.
Headquarters: Yangzhou, China · Employees: 3,823
Size Jiangsu Yangnong Chemical (600486.SS) is a China Materials company (Chemicals: Agricultural) with a market value of $3.42B, the 755th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥56.50 on 6 Nov 2026.
Performance Over six months the shares fell 21.9%, against -25.1% for the median peer and -16.4% for the China market (cap-weighted) — 9th highest of 21 in its peer set.
Growth Revenue grew 2.6% over the last twelve months (peer median +5.9%); the operating margin is 12.7% (peer median 9.2%).
Valuation It trades at 16.2× forward earnings against a peer median of 18.6× (9th cheapest of 19).
Price implies For today's price to make sense, revenue must grow about 1% a year for seven years (Req g). Recent delivered growth is +4%, so the hurdle is -3 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 4.5 points above its cost of capital (7.4% WACC).
Next results Next results expected around 30 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥11.8B | CN¥11.9B | CN¥10.4B | CN¥11.5B | CN¥15.8B |
| Revenue growth | — | +14% | -9% | -27% | — |
| Gross profit | CN¥3.21B | CN¥2.54B | CN¥2.34B | CN¥2.87B | CN¥3.99B |
| EBITDA | n/a | CN¥2.26B | CN¥2.04B | CN¥2.55B | CN¥2.86B |
| Net income | CN¥1.29B | CN¥1.29B | CN¥1.20B | CN¥1.57B | CN¥1.79B |
| Free cash flow | CN¥1.65B | CN¥1.26B | CN¥360M | CN¥883M | CN¥982M |
| Capital expenditure | CN¥879M | CN¥961M | CN¥1.84B | CN¥1.52B | CN¥1.17B |
| Total debt | CN¥3.25B | CN¥3.25B | CN¥3.28B | CN¥2.52B | CN¥2.65B |
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 |
|---|---|---|---|---|---|---|
| Jiangsu Yangnong Chemical 600486.SS | $3.42B | -22% | +3% | 13% | 16.2× | 0.8% |
| FMC FMC | $876M | -58% | -22% | -21% | 6.2× | -2.8% |
| Corteva CTVA | $7.94B | -85% | +4% | 17% | 30.4× | -16.6% |
| Zhejiang Xinan Chemical Industrial 600596.SS | $1.75B | -31% | +5% | 2% | 22.9× | 12.4% |
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 | 600486.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +9.6% | -5.7% | 5th highest of 21 |
| 6-month return | -21.9% | -25.1% | 9th highest of 21 |
| Distance from 52-week high | -37.0% | -33.0% | 7th lowest of 21 |
| Revenue growth (TTM) | +2.6% | +5.9% | 8th lowest of 21 |
| Operating margin | 12.7% | 9.2% | 7th highest of 21 |
| Forward P/E | 16.2× | 18.6× | 9th cheapest of 19 |
| Growth the price implies (Req g, 7 yrs) | 0.8% | 10.9% | 2nd least demanding of 10 |
| Growth delivered (Del g) | +3.8% | +6.0% | 3rd lowest of 10 |
| Hurdle (Req g minus delivered) | -3.0 pp | +7.3 pp | 4th least demanding of 10 |
| ROIC minus cost of capital | +4.5 pp | -1.4 pp | 5th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Jiangsu Yangnong Chemical 600486.SS | China | $3.42B | -22% | +3% | 13% | 16.2× | 0.8% | +3.8% |
| Scotts Miracle-Gro SMG | United States | $3.77B | +6% | -4% | 14% | 13.6× | 7.5% | -7.8% |
| YONFER Agricultural Technology 000902.SZ | China | $2.69B | -2% | +15% | 11% | 11.4× | n/a | n/a |
| Sichuan Hebang Biotechnology 603077.SS | China | $2.59B | -30% | -24% | -1% | n/a | n/a | n/a |
| Sichuan New Energy Power 000155.SZ | China | $2.54B | -47% | +98% | 32% | 12.9× | n/a | n/a |
| Dyno Nobel DNL.AX | Australia | $4.64B | +6% | -17% | 15% | 21.1× | n/a | n/a |
| UPL UPL.NS | India | $4.78B | -18% | +10% | 14% | 14.8× | 10.9% | +6.0% |
| Shandong Weifang Rainbow Chemical 301035.SZ | China | $2.42B | -32% | +6% | 12% | 14.9× | -0.1% | +15.0% |
| Fertilizers & Chemicals Travancore FACT.NS | India | $5.14B | -18% | +32% | 0% | n/a | n/a | n/a |
| Chengdu Wintrue 002539.SZ | China | $2.09B | -24% | +6% | 6% | 11.7× | n/a | n/a |
| ICL ICL | United States | $6.04B | -27% | +11% | 11% | 11.5× | 3.5% | +7.2% |
| Sichuan Development Lomon 002312.SZ | China | $1.93B | -36% | +5% | 6% | 35.0× | 8.2% | +14.0% |
| Lier Chemical 002258.SZ | China | $1.85B | +20% | +6% | 8% | 21.0× | n/a | n/a |
| Zhejiang Xinan Chemical Industrial 600596.SS | China | $1.75B | -31% | +5% | 2% | 22.9× | 12.4% | +3.1% |
| Sumitomo Chemical India SUMICHEM.NS | India | $1.74B | -34% | -3% | 18% | 28.1× | 23.4% | +4.1% |
| Mosaic Company (The) MOS | United States | $7.11B | +2% | 0% | 3% | 26.2× | n/a | n/a |
| Tata Chemicals TATACHEM.NS | India | $1.64B | -25% | +2% | 3% | 85.9× | n/a | n/a |
| Atul ATUL.NS | India | $1.63B | -26% | +18% | 12% | 19.7× | 18.2% | +11.0% |
| Hubei Yihua Chemical Industry 000422.SZ | China | $1.60B | -42% | +15% | 5% | 15.2× | n/a | n/a |
| Bayer Cropscience India BAYERCROP.NS | India | $1.58B | -28% | -5% | 15% | 19.5× | 16.1% | +5.9% |
| Paradeep Phosphates PARADEEP.NS | India | $1.57B | +12% | +31% | 7% | 17.6× | n/a | n/a |