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← CockpitCompetitor Analysis › 600935.SS Anhui Hwasu Co., Ltd. Class AOpen in the cockpit ↗

Anhui Hwasu Co., Ltd. Class A600935.SSCompetitor analysis, valuation and peers

China · CNY·Materials›Chemicals: Specialty

Chinese chemical producer based in Anhui; specific products and end markets not confirmed.

Momentum neutral 42
Mkt cap
$1.13B
US dollars, full cap
Free float
22%
of shares outstanding
$/day
$4.58M
20-day average traded
P/B
1.33×
price to book
ROE
-5.8%
delivered
Implied ROE
9.4%
what the price asks
Close · CNYCN¥2.09
1D-0.9%
1W+2.5%
1M-9.1%
3M-10.3%
6M-21.7%
YTD-14.7%
1Y-22.6%
ATR %2.5%
52w lowhigh39.2% off high

What Anhui Hwasu does

Chinese chemical producer based in Anhui; specific products and end markets not confirmed.

Where it sits in the supply chain

  • Materials
  • Chemicals

Moat: none

Headquarters: Anhui, China · Employees: 2,709

Anhui Hwasu at a glance

Size Anhui Hwasu (600935.SS) is a China Materials company (Chemicals: Specialty) with a market value of $1.13B, the 2074th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥2.09 on 6 Nov 2026.

Performance Over six months the shares fell 21.7%, against -20.5% for the median peer and -16.4% for the China market (cap-weighted) — 11th highest of 21 in its peer set.

Growth Revenue fell 10.1% over the last twelve months (peer median +10.4%); the operating margin is -7.8% (peer median 12.2%).

Valuation It trades at 1.33× book value against a peer median of 2.69× (5th cheapest of 21).

Price implies The share price implies a return on equity of about 9.4%; Anhui Hwasu delivers -5.8%, so the price asks more than the business earns today.

Relative performance

809010011 May 202611 Aug 20266 Nov 2026Peer median 79600935.SS 78
Six months, rebased to 100: Anhui Hwasu against the median of its 20 peers (local-currency closes).

Anhui Hwasu financials

Reported figures in CNY; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueCN¥4.32BCN¥4.65BCN¥5.11BCN¥5.56BCN¥6.72B
Revenue growth—-9%-8%-17%—
Gross profitCN¥753MCN¥473MCN¥280MCN¥608MCN¥1.09B
EBITDAn/aCN¥534MCN¥227MCN¥652MCN¥1.03B
Net income-CN¥340M-CN¥154M-CN¥429MCN¥30.2MCN¥422M
Free cash flowCN¥1.62M-CN¥125M-CN¥1.05B-CN¥93.8MCN¥480M
Capital expenditureCN¥194MCN¥370MCN¥1.32BCN¥680MCN¥534M
Total debtCN¥1.34BCN¥1.28BCN¥1.88BCN¥912MCN¥434M

Quarterly statements and history in the cockpit →

Anhui Hwasu competitor charts

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.

Performance: 6-month against 1-month return

-40%-20%0%-20%0%600746VINATIORGAECVT7970301617002971600722688106002549CHE-UN404541076055301630688603000859605008600273603125600935.SS6-month return →1-month return →
Up and to the right = strong over both horizons. Anhui Hwasu is the large dot.

Fundamentals: return on equity against price-to-book

0%10%20%20×40×60×600746VINATIORGAECVT7970301617002971600722688106002549CHE-UN404541076055301630002053688603000859605008600273603125600935.SSReturn on equity →Price / book →
A bank or insurer earning more on its equity usually trades at a higher multiple of book; points far above the trend are priced for more. Anhui Hwasu is the large dot.

Capital: ROE delivered against the ROE the price implies

0%20%40%60%80%0%25%50%75%600746VINATIORGAECVT7970301617002971600722688106002549CHE-UN404541076055301630688603000859605008603125600935.SSROE delivered →ROE the price implies →
Above the diagonal = the price asks for a higher return on equity than the business earns today. Anhui Hwasu is the large dot.

Anhui Hwasu competitors and peer comparison

How Anhui Hwasu compares with its peers

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.

Anhui Hwasu against its 20 peers (data as of 6 Nov 2026)
Measure600935.SSPeer medianRank in peer set
1-month return-9.1%-10.6%9th highest of 21
6-month return-21.7%-20.5%11th highest of 21
Return on equity-5.8%6.3%lowest of 21
Price / book1.33×2.69×5th cheapest of 21
ROE the price implies9.4%25.9%5th least demanding of 21
ROE delivered-5.8%6.3%lowest of 21

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthROEPrice / bookImplied ROEDelivered ROE
Anhui Hwasu 600935.SSChina$1.13B-22%-10%-6%1.33×9.4%-5.8%
Jiangsu Sopo Chemical 600746.SSChina$1.12B-23%+6%6%1.28×7.1%6.2%
Vinati Organics VINATIORGA.NSIndia$1.14B-26%+11%13%3.32×36.7%13.3%
Ecovyst ECVTUnited States$1.15B-26%+20%4%1.96×17.2%4.1%
Shin-Etsu Polymer 7970.TJapan$1.15B+5%+10%8%1.33×10.1%8.1%
Shandong Boyuan Advanced Materials 301617.SZChina$1.15B-4%+11%10%4.23×75.4%9.8%
Hubei Heyuan Gas 002971.SZChina$1.09B+9%+12%2%3.57×38.3%2.5%
Hebei Jinniu Chemical Industry 600722.SSChina$1.16B-16%-1%5%5.98×34.4%4.9%
Jinhong Gas 688106.SSChina$1.17B-42%+15%1%2.73×25.8%0.9%
Hunan Kaimeite Gases 002549.SZChina$1.18B-43%-7%1%3.82×53.2%0.5%
Chemtrade Logistics Income Fund CHE-UN.TOCanada$1.19B-17%+12%19%2.07×15.6%19.4%
Toagosei 4045.TJapan$1.19B+3%+2%6%0.85×5.9%6.4%
ISE Chemicals 4107.TJapan$1.20B-30%0%14%4.42×38.5%14.0%
Japan Material 6055.TJapan$1.06B-9%+11%20%2.65×33.4%20.2%
Tongyu Advanced Materials (Guangdong) 301630.SZChina$1.21B-19%+26%14%4.39×78.4%13.8%
Yunnan Energy Investment 002053.SZChina$1.21B-24%-24%3%1.08×6.9%3.2%
Shanghai Skychem Technology 688603.SSChina$1.22B-29%+38%10%6.49×115.2%9.8%
Anhui Guofeng New Materials 000859.SZChina$1.04B-14%+6%0%2.55×18.6%-0.5%
Ningbo Changhong Polymer Scientific & Technical 605008.SSChina$1.04B-11%-12%-4%3.58×23.7%-4.5%
Zhejiang Jiahua Energy Chemical Industry 600273.SSChina$1.23B-22%+4%5%0.83×5.3%5.3%
Jiangsu Evergreen New Material Technology 603125.SSChina$1.03B-23%+38%9%2.64×26.0%9.2%

Questions

Which companies are Anhui Hwasu's closest peers?
The cockpit's peer set: Jiangsu Sopo Chemical (600746.SS), Vinati Organics (VINATIORGA.NS), Ecovyst (ECVT), Shin-Etsu Polymer (7970.T), Shandong Boyuan Advanced Materials (301617.SZ), Hubei Heyuan Gas (002971.SZ), Hebei Jinniu Chemical Industry (600722.SS), Jinhong Gas (688106.SS).
Is Anhui Hwasu expensive compared with its peers?
On price / book it trades at 1.33× against a peer median of 2.69×, 5th cheapest of 21 in its peer set. The share price implies a return on equity of about 9.4%; Anhui Hwasu delivers -5.8%, so the price asks more than the business earns today.
How has Anhui Hwasu stock performed?
Over six months to 6 Nov 2026 the shares returned -21.7% against -20.5% for the median peer; over one year -22.6%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.