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← CockpitCompetitor Analysis › 603213.SS Zhejiang Oceanking Development Co., Ltd. Class AOpen in the cockpit ↗

Zhejiang Oceanking Development Co., Ltd. Class A603213.SSCompetitor analysis, valuation and peers

China · CNY·Materials›Chemicals: Specialty
Momentum leader 86
Mkt cap
$938M
US dollars, full cap
Free float
86%
of shares outstanding
$/day
$5.16M
20-day average traded
P/B
3.44×
price to book
ROE
-0.9%
delivered
Implied ROE
29.7%
what the price asks
Close · CNYCN¥14.05
1D+1.2%
1W+3.1%
1M+2.5%
3M+1.1%
6M+1.4%
YTD+7.0%
1Y-1.1%
ATR %1.7%
52w lowhigh6.6% off high

What Zhejiang Oceanking Development does

Employees: 567

Zhejiang Oceanking Development at a glance

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.

Relative performance

8010011 May 202611 Aug 20266 Nov 2026603213.SS 103Peer median 74
Six months, rebased to 100: Zhejiang Oceanking Development against the median of its 20 peers (local-currency closes).

Zhejiang Oceanking Development financials

Reported figures in CNY; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueCN¥2.37BCN¥2.62BCN¥2.90BCN¥2.11BCN¥2.55B
Revenue growth—-10%+37%-17%—
Gross profitCN¥235MCN¥226MCN¥365MCN¥379MCN¥593M
EBITDAn/aCN¥260MCN¥367MCN¥371MCN¥562M
Net income-CN¥16.3MCN¥75.6MCN¥191MCN¥249MCN¥379M
Free cash flowCN¥2.56MCN¥68.5M-CN¥198M-CN¥452MCN¥219M
Capital expenditureCN¥79.2MCN¥252MCN¥181MCN¥499MCN¥308M
Total debtCN¥900MCN¥834MCN¥765MCN¥464MCN¥101M

Quarterly statements and history in the cockpit →

Zhejiang Oceanking Development 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

-25%0%+25%+50%-40%-20%0%+20%300834600078GPRE605183300429301683CMP002886000510301209300829600955300109301190SUDARSCHEM603010603213.SS6-month return →1-month return →
Up and to the right = strong over both horizons. Zhejiang Oceanking Development is the large dot.

Fundamentals: return on equity against price-to-book

-20%0%20%20×40×60×300834600078GPRE605183300429301683CMP301686002886000510301209300829600955300109301190TTI000818002386603010603213.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. Zhejiang Oceanking Development is the large dot.

Capital: ROE delivered against the ROE the price implies

-25%0%25%50%0%50%300834600078GPRE605183300429CMP000510301209300829600955301190000818603010603213.SSROE delivered →ROE the price implies →
Above the diagonal = the price asks for a higher return on equity than the business earns today. Zhejiang Oceanking Development is the large dot.

Zhejiang Oceanking Development competitors and peer comparison

How Zhejiang Oceanking Development 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.

Zhejiang Oceanking Development against its 20 peers (data as of 6 Nov 2026)
Measure603213.SSPeer medianRank 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 / book3.44×2.48×5th most expensive of 21
ROE the price implies29.7%26.0%8th most demanding of 21
ROE delivered-0.9%2.8%6th lowest of 18

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthROEPrice / bookImplied ROEDelivered ROE
Zhejiang Oceanking Development 603213.SSChina$938M+1%-17%-1%3.44×29.7%-0.9%
Rastar Environmental Protection Materials 300834.SZChina$933M-9%-23%2%2.21×15.5%2.4%
Jiangsu Chengxing Phosph-Chemicals 600078.SSChina$928M-29%+27%13%3.18×28.7%13.3%
Green Plains GPREUnited States$927M-27%-22%15%1.07×10.9%15.4%
Quechen Silicon Chemical 605183.SSChina$926M-12%+7%10%1.64×12.0%9.7%
Changzhou Tronly New Electronic Materials 300429.SZChina$923M-37%+14%-11%2.56×28.6%-10.6%
Guangzhou Human New Material Science & Technology 301683.SZChina$918M-25%+20%19%2.53×28.3%n/a
Compass Minerals International CMPUnited States$962M-18%+5%7%3.65×33.0%7.0%
Guangdong Sinoplast Adv Matl 301686.SZChina$962Mn/a+7%24%5.03×69.1%n/a
Shenzhen Wote Advanced Materials 002886.SZChina$906M-15%+10%4%2.67×33.5%4.1%
Sichuan Xinjinlu 000510.SZChina$906M-32%-4%-25%6.49×62.3%-25.3%
Longkou Union Chemical 301209.SZChina$904M-39%-3%1%8.12×46.0%0.8%
Henan Jindan Lactic Acid Technology 300829.SZChina$900M+52%+5%3%2.39×15.8%2.7%
Lihuayi Weiyuan Chemical 600955.SSChina$978M-39%+18%-11%0.87×8.6%-11.2%
Boai NKY Medical 300109.SZChina$896M-32%-17%3%1.78×18.2%3.5%
Jiujiang Shanshui Technology 301190.SZChina$983M+32%+54%6%3.07×19.8%5.8%
Sudarshan Chemical Industries SUDARSCHEM.NSIndia$893M+10%+90%1%2.43×32.1%n/a
TETRA Technologies TTIUnited States$891M-39%+6%3%2.14×20.9%2.8%
Hangjin Technology 000818.SZChina$988M-35%-29%-5%3.00×29.7%-4.7%
Yibin Tianyuan 002386.SZChina$1,000M-27%+14%4%0.85×9.0%4.2%
Zhejiang Wansheng 603010.SSChina$872M-25%+19%-34%2.17×23.6%-33.8%

Questions

Which companies are Zhejiang Oceanking Development's closest peers?
The cockpit's peer set: Rastar Environmental Protection Materials (300834.SZ), Jiangsu Chengxing Phosph-Chemicals (600078.SS), Green Plains (GPRE), Quechen Silicon Chemical (605183.SS), Changzhou Tronly New Electronic Materials (300429.SZ), Guangzhou Human New Material Science & Technology (301683.SZ), Compass Minerals International (CMP), Guangdong Sinoplast Adv Matl (301686.SZ).
Is Zhejiang Oceanking Development expensive compared with its peers?
On price / book it trades at 3.44× against a peer median of 2.48×, 5th most expensive of 21 in its peer set. 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.
How has Zhejiang Oceanking Development stock performed?
Over six months to 6 Nov 2026 the shares returned +1.4% against -26.8% for the median peer; over one year -1.1%.

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.