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Xinjiang civil-explosives group: makes industrial explosives and ammonium nitrate and provides on-site mixed-explosive and blasting services to mines.
Xinjiang civil-explosives group: makes industrial explosives and ammonium nitrate and provides on-site mixed-explosive and blasting services to mines.
Makes industrial explosives and the ammonium nitrate that goes into them, and offers on-site mixing and blasting services, mostly to mines, so demand follows mining and construction activity. Production and sale are tightly licensed. Since 2025 Guangdong Hongda, a larger explosives and blasting group, has been the controlling shareholder.
Moat: narrow (regulatory licence, scale). Civil-explosives production and transport are tightly licensed; Xinjiang position and in-house ammonium nitrate supply.
Headquarters: Urumqi, China · Employees: 1,719
Size Xinjiang Xuefeng Sci-Tech (Group) (603227.SS) is a China Materials company (Industrial Specialties) with a market value of $1.14B, the 2055th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥7.11 on 6 Nov 2026.
Performance Over six months the shares fell 17.4%, against -10.6% for the median peer and -16.4% for the China market (cap-weighted) — 9th lowest of 21 in its peer set.
Growth Revenue fell 7.7% over the last twelve months (peer median +9.2%); the operating margin is 12.3% (peer median 9.9%).
Valuation It trades at 10.3× forward earnings against a peer median of 14.6× (3rd cheapest of 14).
Price implies For today's price to make sense, revenue must grow about -8% a year for seven years (Req g). Recent delivered growth is +22%, so the hurdle is -30 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 4.9 points above its cost of capital (5.3% WACC).
Next results Next results expected around 31 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥5.28B | CN¥5.54B | CN¥6.07B | CN¥6.97B | CN¥6.85B |
| Revenue growth | — | -9% | -13% | +2% | — |
| Gross profit | CN¥1.60B | CN¥1.16B | CN¥1.33B | CN¥1.55B | CN¥1.91B |
| EBITDA | n/a | CN¥1.04B | CN¥1.27B | CN¥1.49B | CN¥1.88B |
| Net income | CN¥481M | CN¥504M | CN¥668M | CN¥854M | CN¥666M |
| Free cash flow | CN¥425M | CN¥261M | CN¥600M | CN¥904M | CN¥962M |
| Capital expenditure | CN¥140M | CN¥169M | CN¥122M | CN¥186M | CN¥131M |
| Total debt | CN¥1.33B | CN¥1.23B | CN¥953M | CN¥969M | CN¥1.62B |
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 |
|---|---|---|---|---|---|---|
| Xinjiang Xuefeng Sci-Tech (Group) 603227.SS | $1.14B | -17% | -8% | 12% | 10.3× | -7.6% |
| Explosive 002096.SZ | $1.74B | -14% | -3% | 9% | 12.8× | -2.5% |
| Sichuan Yahua Industrial 002497.SZ | $2.48B | -56% | +69% | 18% | 6.2× | n/a |
| Poly Union Chemical 002037.SZ | $477M | -23% | -11% | -8% | n/a | n/a |
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 | 603227.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -5.6% | -7.7% | 7th highest of 21 |
| 6-month return | -17.4% | -10.6% | 9th lowest of 21 |
| Distance from 52-week high | -33.9% | -24.8% | 8th lowest of 21 |
| Revenue growth (TTM) | -7.7% | +9.2% | 2nd lowest of 21 |
| Operating margin | 12.3% | 9.9% | 6th highest of 21 |
| Forward P/E | 10.3× | 14.6× | 3rd cheapest of 14 |
| Growth the price implies (Req g, 7 yrs) | -7.6% | 9.4% | 3rd least demanding of 16 |
| Growth delivered (Del g) | +22.0% | +6.7% | 2nd highest of 16 |
| Hurdle (Req g minus delivered) | -29.6 pp | -2.9 pp | least demanding of 16 |
| ROIC minus cost of capital | +4.9 pp | +0.5 pp | 6th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Xinjiang Xuefeng Sci-Tech (Group) 603227.SS | China | $1.14B | -17% | -8% | 12% | 10.3× | -7.6% | +22.0% |
| PCBL Chemical PCBL.NS | India | $1.16B | -8% | +6% | 8% | 23.5× | 27.6% | +25.1% |
| Sinosteel Engineering & Technology 000928.SZ | China | $1.22B | -13% | +4% | 5% | 11.9× | -15.6% | -1.3% |
| Nitta 5186.T | Japan | $1.05B | +36% | +5% | 7% | 10.8× | 10.6% | +3.1% |
| artience 4634.T | Japan | $1.25B | +18% | +7% | 6% | 9.3× | -3.9% | +6.3% |
| Xinjiang Tianye 600075.SS | China | $1.04B | -41% | -10% | -3% | n/a | n/a | n/a |
| Nihon Parkerizing 4095.T | Japan | $1.26B | +16% | +5% | 12% | n/a | -1.6% | +6.7% |
| SK Kaken 4628.T | Japan | $1.04B | +2% | +9% | 13% | n/a | -19.4% | +5.2% |
| Chugoku Marine Paints,Ltd 4617.T | Japan | $1.04B | +4% | +10% | 13% | 12.8× | 0.0% | +11.1% |
| Fujimi 5384.T | Japan | $1.28B | -18% | +13% | 21% | 15.6× | n/a | n/a |
| Intco Recycling Resources 688087.SS | China | $1.01B | -25% | +29% | 12% | 22.0× | 0.5% | +15.8% |
| Solar Applied Materials Technology 1785.TWO | Taiwan | $1.30B | -55% | +54% | 10% | n/a | -0.2% | +8.1% |
| ZJMI Environmental Energy 603071.SS | China | $1.00B | -15% | -4% | 3% | 9.2× | n/a | n/a |
| ELANTAS Beck India ELANTAS.NS | India | $999M | +23% | +19% | 21% | n/a | 32.4% | +17.2% |
| JSW Dulux JSWDULUX.NS | India | $1.31B | +3% | -5% | 11% | 30.9× | n/a | n/a |
| Morgan Advanced Materials MGAM.L | United Kingdom | $981M | +22% | -6% | 9% | 14.6× | 9.4% | +1.8% |
| Supreme Petrochem SPLPETRO.NS | India | $1.38B | -6% | +21% | 11% | 22.1× | 10.1% | +11.1% |
| Guangdong Tloong Technology 300063.SZ | China | $946M | -26% | +21% | 2% | n/a | 25.0% | -6.6% |
| Yangling Metron New Material 300861.SZ | China | $1.39B | -31% | +23% | 16% | 21.1× | 9.6% | +12.5% |
| Jiangxi Guotai 603977.SS | China | $914M | -29% | +15% | 9% | 14.2× | n/a | n/a |
| Luxin Venture Capital 600783.SS | China | $1.45B | -40% | +24% | -50% | n/a | 40.2% | -6.1% |