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One of the world's largest producers of industrial (metallurgical-grade) silicon, a key upstream input for solar polysilicon.
One of the world's largest producers of industrial (metallurgical-grade) silicon, a key upstream input for solar polysilicon.
Sells silicon metal by the tonne at market-linked prices to makers of polysilicon and silicones, so earnings follow the silicon price and furnace utilisation. It also turns part of its silicon into organosilicon, silicone building blocks with higher value per tonne. Cheap electricity in Xinjiang is the key cost.
In one line: A dominant upstream supplier to the global polysilicon/solar chain.
Moat: narrow (scale, cost advantage). Large-scale, low-cost Xinjiang silicon smelting gives cost leadership in a commodity input market.
Headquarters: Shanghai, China · Founded: 2005 · Employees: 18,298
Size Hoshine Silicon Industry (603260.SS) is a China Materials company (Chemicals: Specialty) with a market value of $5.32B, the 477th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥30.01 on 6 Nov 2026.
Performance Over six months the shares fell 32.7%, against -10.1% for the median peer and -16.4% for the China market (cap-weighted) — 2nd lowest of 21 in its peer set.
Growth Revenue fell 7.0% over the last twelve months (peer median +16.4%); the operating margin is -5.9% (peer median 13.8%).
Valuation It trades at 1.18× book value against a peer median of 2.30× (6th cheapest of 21).
Price implies The share price implies a return on equity of about 14.1%; Hoshine Silicon Industry delivers -7.2%, so the price asks more than the business earns today.
Next results Next results expected around 16 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥20.0B | CN¥20.4B | CN¥26.6B | CN¥26.1B | CN¥23.2B |
| Revenue growth | — | -23% | +2% | +12% | — |
| Gross profit | CN¥5.29B | CN¥1.21B | CN¥5.23B | CN¥4.72B | CN¥7.57B |
| EBITDA | n/a | CN¥3.26B | CN¥5.97B | CN¥5.67B | CN¥8.16B |
| Net income | -CN¥2.23B | -CN¥2.99B | CN¥1.74B | CN¥2.62B | CN¥5.15B |
| Free cash flow | CN¥1.88B | CN¥1.68B | -CN¥937M | -CN¥19.3B | -CN¥12.4B |
| Capital expenditure | CN¥1.06B | CN¥1.19B | CN¥5.61B | CN¥18.7B | CN¥11.8B |
| Total debt | CN¥28.6B | CN¥29.1B | CN¥33.2B | CN¥33.6B | CN¥20.1B |
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 | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Hoshine Silicon Industry 603260.SS | $5.32B | -33% | -7% | -7% | 1.18× | 14.1% |
| Tongwei 600438.SS | $8.27B | -29% | -12% | -29% | 1.68× | 14.1% |
| GCL Technology 3800.HK | $2.71B | -30% | +25% | -9% | 0.50× | 5.5% |
| Yunnan Aluminium 000807.SZ | $12.8B | -23% | +16% | 36% | 2.02× | 15.7% |
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 | 603260.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -4.2% | -0.9% | 10th lowest of 21 |
| 6-month return | -32.7% | -10.1% | 2nd lowest of 21 |
| Return on equity | -7.2% | 10.0% | lowest of 21 |
| Price / book | 1.18× | 2.30× | 6th cheapest of 21 |
| ROE the price implies | 14.1% | 20.6% | 9th least demanding of 21 |
| ROE delivered | -7.2% | 9.9% | lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Hoshine Silicon Industry 603260.SS | China | $5.32B | -33% | -7% | -7% | 1.18× | 14.1% | -7.2% |
| Gujarat Fluorochemicals FLUOROCHEM.NS | India | $5.42B | +23% | +20% | 8% | 6.11× | 74.8% | 8.5% |
| Methanex MX.TO | Canada | $5.18B | +12% | +31% | 13% | 1.82× | 13.6% | 13.3% |
| Celanese CE | United States | $5.10B | -19% | +1% | 7% | 1.21× | 9.6% | 6.7% |
| LB Group Co., Ltd. Class A 002601.SZ | China | $5.58B | -8% | +7% | 4% | 1.57× | 15.6% | 4.1% |
| Canmax Technologies 300390.SZ | China | $5.62B | -64% | +98% | 23% | 2.37× | 38.1% | 23.3% |
| Coromandel International COROMANDEL.NS | India | $5.69B | -7% | +24% | 17% | 4.28× | 54.5% | n/a |
| Zhejiang Longsheng 600352.SS | China | $5.70B | -11% | -1% | 6% | 1.16× | 7.7% | 6.2% |
| Nissan Chemical 4021.T | Japan | $5.72B | 0% | +10% | 22% | 3.59× | 31.3% | 21.8% |
| Sumitomo Chemical 4005.T | Japan | $4.93B | -7% | -2% | 10% | 0.68× | 5.6% | 9.8% |
| Kingboard 0148.HK | Hong Kong | $5.78B | -17% | +19% | 6% | 0.57× | 4.9% | 6.4% |
| Navin Fluorine International NAVINFLUOR.NS | India | $4.89B | +27% | +46% | 23% | 10.36× | 110.2% | 22.6% |
| Inner Mongolia Junzheng Energy & Chemical 601216.SS | China | $5.92B | -16% | +3% | 10% | 1.41× | 9.8% | 10.1% |
| Dottikon ES DESN.SW | Switzerland | $4.72B | -24% | +11% | 10% | 3.51× | 16.8% | 9.9% |
| Red Avenue New Materials 603650.SS | China | $4.70B | -12% | +24% | 11% | 4.74× | 54.3% | 11.5% |
| Tosoh 4042.T | Japan | $4.69B | -4% | -1% | 7% | 0.85× | 7.3% | 6.6% |
| Zhejiang Sanmei Chemical Industry 603379.SS | China | $4.64B | -22% | +24% | 26% | 3.54× | 34.6% | 25.7% |
| Shenzhen Capchem Technology 300037.SZ | China | $6.16B | -21% | +72% | 17% | 3.50× | 42.6% | 17.1% |
| Linde India LINDEINDIA.NS | India | $6.20B | -13% | +13% | 12% | 13.33× | 87.7% | 11.8% |
| Haohua Chemical Science & Technology 600378.SS | China | $6.29B | -9% | +20% | 8% | 2.23× | 24.5% | 8.5% |
| Far Eastern New Century 1402.TW | Taiwan | $4.49B | +8% | 0% | 5% | 0.64× | 2.7% | 4.6% |