Employees: 567
Size Zhejiang Oceanking Development (603213.SS) is a China Materials company (Chemicals: Specialty) with a market value of $938M, the 2434th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥14.05 on 6 Nov 2026.
Performance Over six months the shares gained 1.4%, against -26.8% for the median peer and -16.4% for the China market (cap-weighted) — 4th highest of 20 in its peer set.
Growth Revenue fell 17.0% over the last twelve months (peer median +6.7%); the operating margin is -0.2% (peer median 5.5%).
Valuation It trades at 3.44× book value against a peer median of 2.48× (5th most expensive of 21).
Price implies The share price implies a return on equity of about 29.7%; Zhejiang Oceanking Development delivers -0.9%, so the price asks more than the business earns today.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥2.37B | CN¥2.62B | CN¥2.90B | CN¥2.11B | CN¥2.55B |
| Revenue growth | — | -10% | +37% | -17% | — |
| Gross profit | CN¥235M | CN¥226M | CN¥365M | CN¥379M | CN¥593M |
| EBITDA | n/a | CN¥260M | CN¥367M | CN¥371M | CN¥562M |
| Net income | -CN¥16.3M | CN¥75.6M | CN¥191M | CN¥249M | CN¥379M |
| Free cash flow | CN¥2.56M | CN¥68.5M | -CN¥198M | -CN¥452M | CN¥219M |
| Capital expenditure | CN¥79.2M | CN¥252M | CN¥181M | CN¥499M | CN¥308M |
| Total debt | CN¥900M | CN¥834M | CN¥765M | CN¥464M | CN¥101M |
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| Measure | 603213.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +2.5% | -12.6% | 2nd highest of 21 |
| 6-month return | +1.4% | -26.8% | 4th highest of 20 |
| Return on equity | -0.9% | 3.2% | 6th lowest of 21 |
| Price / book | 3.44× | 2.48× | 5th most expensive of 21 |
| ROE the price implies | 29.7% | 26.0% | 8th most demanding of 21 |
| ROE delivered | -0.9% | 2.8% | 6th lowest of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Zhejiang Oceanking Development 603213.SS | China | $938M | +1% | -17% | -1% | 3.44× | 29.7% | -0.9% |
| Rastar Environmental Protection Materials 300834.SZ | China | $933M | -9% | -23% | 2% | 2.21× | 15.5% | 2.4% |
| Jiangsu Chengxing Phosph-Chemicals 600078.SS | China | $928M | -29% | +27% | 13% | 3.18× | 28.7% | 13.3% |
| Green Plains GPRE | United States | $927M | -27% | -22% | 15% | 1.07× | 10.9% | 15.4% |
| Quechen Silicon Chemical 605183.SS | China | $926M | -12% | +7% | 10% | 1.64× | 12.0% | 9.7% |
| Changzhou Tronly New Electronic Materials 300429.SZ | China | $923M | -37% | +14% | -11% | 2.56× | 28.6% | -10.6% |
| Guangzhou Human New Material Science & Technology 301683.SZ | China | $918M | -25% | +20% | 19% | 2.53× | 28.3% | n/a |
| Compass Minerals International CMP | United States | $962M | -18% | +5% | 7% | 3.65× | 33.0% | 7.0% |
| Guangdong Sinoplast Adv Matl 301686.SZ | China | $962M | n/a | +7% | 24% | 5.03× | 69.1% | n/a |
| Shenzhen Wote Advanced Materials 002886.SZ | China | $906M | -15% | +10% | 4% | 2.67× | 33.5% | 4.1% |
| Sichuan Xinjinlu 000510.SZ | China | $906M | -32% | -4% | -25% | 6.49× | 62.3% | -25.3% |
| Longkou Union Chemical 301209.SZ | China | $904M | -39% | -3% | 1% | 8.12× | 46.0% | 0.8% |
| Henan Jindan Lactic Acid Technology 300829.SZ | China | $900M | +52% | +5% | 3% | 2.39× | 15.8% | 2.7% |
| Lihuayi Weiyuan Chemical 600955.SS | China | $978M | -39% | +18% | -11% | 0.87× | 8.6% | -11.2% |
| Boai NKY Medical 300109.SZ | China | $896M | -32% | -17% | 3% | 1.78× | 18.2% | 3.5% |
| Jiujiang Shanshui Technology 301190.SZ | China | $983M | +32% | +54% | 6% | 3.07× | 19.8% | 5.8% |
| Sudarshan Chemical Industries SUDARSCHEM.NS | India | $893M | +10% | +90% | 1% | 2.43× | 32.1% | n/a |
| TETRA Technologies TTI | United States | $891M | -39% | +6% | 3% | 2.14× | 20.9% | 2.8% |
| Hangjin Technology 000818.SZ | China | $988M | -35% | -29% | -5% | 3.00× | 29.7% | -4.7% |
| Yibin Tianyuan 002386.SZ | China | $1,000M | -27% | +14% | 4% | 0.85× | 9.0% | 4.2% |
| Zhejiang Wansheng 603010.SS | China | $872M | -25% | +19% | -34% | 2.17× | 23.6% | -33.8% |