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Chinese state-owned chemicals trading and distribution company under Sinochem Group, also making rubber/tire-cord materials and other industrial chemicals.
Chinese state-owned chemicals trading and distribution company under Sinochem Group, also making rubber/tire-cord materials and other industrial chemicals.
Moat: none (scale). Diversified state trading/distribution business without a strong product-specific moat.
Headquarters: Shanghai, China · Employees: 9,000
Size Sinochem International (600500.SS) is a China Materials company (Chemicals: Specialty) with a market value of $2.27B, the 1124th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥4.28 on 6 Nov 2026.
Performance Over six months the shares fell 7.0%, against -14.1% for the median peer and -16.4% for the China market (cap-weighted) — 7th highest of 21 in its peer set.
Growth Revenue fell 5.1% over the last twelve months (peer median +8.4%); the operating margin is -1.3% (peer median 8.6%).
Valuation It trades at 1.55× book value against a peer median of 1.74× (9th cheapest of 21).
Price implies The share price implies a return on equity of about 15.9%; Sinochem International delivers -13.4%, 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¥46.6B | CN¥47.3B | CN¥52.9B | CN¥54.2B | CN¥87.4B |
| Revenue growth | — | -11% | -2% | -38% | — |
| Gross profit | CN¥4.09B | CN¥1.18B | CN¥689M | CN¥1.98B | CN¥6.96B |
| EBITDA | n/a | CN¥1.13B | CN¥718M | CN¥985M | CN¥4.37B |
| Net income | -CN¥1.43B | -CN¥2.22B | -CN¥2.84B | -CN¥1.86B | CN¥1.28B |
| Free cash flow | CN¥1.77B | CN¥180M | -CN¥1.07B | -CN¥2.40B | -CN¥4.60B |
| Capital expenditure | CN¥1.01B | CN¥1.58B | CN¥2.27B | CN¥4.28B | CN¥8.33B |
| Total debt | CN¥29.2B | CN¥28.0B | CN¥25.2B | CN¥22.9B | CN¥23.2B |
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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 | 600500.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -15.6% | -5.5% | 8th lowest of 21 |
| 6-month return | -7.0% | -14.1% | 7th highest of 21 |
| Return on equity | -13.4% | 7.0% | 2nd lowest of 21 |
| Price / book | 1.55× | 1.74× | 9th cheapest of 21 |
| ROE the price implies | 15.9% | 16.4% | 11th least demanding of 21 |
| ROE delivered | -13.4% | 7.1% | lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Sinochem International 600500.SS | China | $2.27B | -7% | -5% | -13% | 1.55× | 15.9% | -13.4% |
| Kaneka 4118.T | Japan | $2.30B | +23% | +4% | 7% | 0.72× | 6.1% | 7.3% |
| Tinergy Chemical 002145.SZ | China | $2.23B | -15% | +17% | 5% | 1.11× | 11.9% | 4.8% |
| Deepak Nitrite DEEPAKNTR.NS | India | $2.22B | -17% | +25% | 18% | 3.23× | 57.8% | 17.7% |
| Epoxy Base Electronic Material 603002.SS | China | $2.19B | -7% | +73% | 7% | 3.95× | 46.9% | 7.5% |
| Rogers ROG | United States | $2.17B | -13% | +7% | 4% | 1.78× | 10.1% | 3.7% |
| Zhejiang Yonghe Refrigerant 605020.SS | China | $2.17B | +5% | +25% | 16% | 2.37× | 23.5% | 15.5% |
| SKC 011790.KS | South Korea | $2.14B | -46% | +24% | -87% | 2.78× | 22.6% | n/a |
| Shanghai Huayi 600623.SS | China | $2.41B | -24% | +5% | 4% | 0.75× | 6.3% | 3.6% |
| Shandong Dongyue Silicone Material 300821.SZ | China | $2.43B | -11% | +13% | 10% | 2.96× | 36.4% | 10.3% |
| Shaanxi Beiyuan Chemical Industry 601568.SS | China | $2.11B | -9% | -8% | -1% | 1.26× | 6.3% | -1.3% |
| Daicel 4202.T | Japan | $2.48B | +24% | +2% | 3% | 1.06× | 8.9% | 2.7% |
| Bloomage Biotechnology 688363.SS | China | $2.49B | -16% | -22% | 3% | 2.34× | 18.1% | 3.2% |
| Ningbo Ronbay New Energy Technology 688005.SS | China | $2.05B | -45% | +41% | 0% | 1.70× | 20.0% | 0.0% |
| Dongyue 0189.HK | Hong Kong | $2.04B | -28% | +8% | 13% | 0.91× | 7.8% | 13.3% |
| Kemira KEMIRA.HE | Finland | $2.55B | -8% | -3% | 7% | 1.42× | 10.6% | 7.1% |
| Hubei Zhenhua Chemical 603067.SS | China | $2.56B | -35% | +31% | 17% | 3.89× | 36.9% | 16.8% |
| Quaker Houghton KWR | United States | $2.58B | +2% | +9% | 7% | 1.82× | 19.4% | 7.0% |
| China Petroleum Engineering 600339.SS | China | $2.60B | -24% | +8% | 0% | 0.64× | 4.7% | 0.4% |
| Nifco 7988.T | Japan | $2.62B | +6% | +4% | 12% | 1.66× | 14.6% | 12.0% |
| Guizhou Chanhen Chemical 002895.SZ | China | $2.64B | -20% | +15% | 16% | 2.33× | 19.9% | 16.3% |