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Hubei-based new-materials company; specific product line not established from available knowledge.
Hubei-based new-materials company; specific product line not established from available knowledge.
Moat: none
Headquarters: Hubei, China · Employees: 987
Size Hubei Jianghan New Materials (603281.SS) is a China Materials company (Chemicals: Major Diversified) with a market value of $1.20B, the 1970th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥16.91 on 6 Nov 2026.
Performance Over six months the shares fell 30.0%, against -28.4% for the median peer and -16.4% for the China market (cap-weighted) — 10th lowest of 20 in its peer set.
Growth Revenue grew 8.2% over the last twelve months (peer median +4.1%); the operating margin is 17.2% (peer median 12.7%).
Valuation It trades at 20.5× forward earnings against a peer median of 20.9× (8th cheapest of 16).
Price implies For today's price to make sense, revenue must grow about 5% a year for seven years (Req g). Recent delivered growth is +6%, so the hurdle is -2 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 8.8 points above its cost of capital (8.1% WACC).
Next results Next results expected around 1 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥2.10B | CN¥1.85B | CN¥2.21B | CN¥2.27B | CN¥3.29B |
| Revenue growth | — | -16% | -3% | -31% | — |
| Gross profit | CN¥582M | CN¥487M | CN¥747M | CN¥842M | CN¥1.39B |
| EBITDA | n/a | CN¥462M | CN¥656M | CN¥727M | CN¥1.17B |
| Net income | CN¥356M | CN¥418M | CN¥602M | CN¥655M | CN¥1.04B |
| Free cash flow | CN¥136M | CN¥307M | CN¥367M | CN¥575M | CN¥1.18B |
| Capital expenditure | CN¥140M | CN¥150M | CN¥189M | CN¥178M | CN¥144M |
| Total debt | CN¥14.7M | CN¥40.0M | CN¥0 | CN¥0 | CN¥34.0M |
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| Measure | 603281.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -6.8% | -10.0% | 9th highest of 21 |
| 6-month return | -30.0% | -28.4% | 10th lowest of 20 |
| Distance from 52-week high | -46.0% | -42.2% | 9th lowest of 21 |
| Revenue growth (TTM) | +8.2% | +4.1% | 8th highest of 21 |
| Operating margin | 17.2% | 12.7% | 4th highest of 21 |
| Forward P/E | 20.5× | 20.9× | 8th cheapest of 16 |
| Growth the price implies (Req g, 7 yrs) | 4.8% | 12.6% | 6th least demanding of 15 |
| Growth delivered (Del g) | +6.3% | +7.8% | 7th lowest of 15 |
| Hurdle (Req g minus delivered) | -1.5 pp | -0.5 pp | 8th least demanding of 15 |
| ROIC minus cost of capital | +8.8 pp | -0.9 pp | 4th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Hubei Jianghan New Materials 603281.SS | China | $1.20B | -30% | +8% | 17% | 20.5× | 4.8% | +6.3% |
| Nippon Soda 4041.T | Japan | $1.19B | -5% | -1% | 10% | 11.1× | 3.5% | +1.8% |
| CNSIG Inner Mongolia Chemical Industry 600328.SS | China | $1.21B | -32% | -20% | -7% | n/a | n/a | n/a |
| Xinxiang Richful Lube Additive 300910.SZ | China | $1.26B | -38% | +12% | 16% | 11.6× | 0.6% | +32.5% |
| Jinan Acetate Chemical 4763.TW | Taiwan | $1.26B | -3% | -36% | 46% | 7.3× | -17.4% | +41.2% |
| Lanxess LXS.DE | Germany | $1.27B | -30% | -10% | -1% | n/a | 17.9% | -1.5% |
| Hanchem 014680.KS | South Korea | $1.30B | -40% | +15% | 17% | 11.1× | 4.7% | +7.4% |
| China Resources Chemical Innovative Materials 301090.SZ | China | $1.35B | -33% | +4% | 1% | 19.2× | 21.4% | +1.1% |
| Isuspecialtychemical 457190.KS | South Korea | $1.36B | -49% | +14% | 3% | n/a | n/a | n/a |
| Dalian Bio-Chem 603360.SS | China | $1.05B | -55% | 0% | 16% | 23.5× | 9.5% | +18.4% |
| Shanghai Emperor of Cleaning Hi-Tech 603200.SS | China | $1.37B | -16% | +4% | -8% | n/a | n/a | n/a |
| Victrex VCT.L | United Kingdom | $1.04B | +54% | -1% | 14% | 21.7× | 15.7% | +1.9% |
| Jiangsu Shuangxing Color Plastic New Materials 002585.SZ | China | $1.38B | +5% | -4% | -4% | 62.8× | 22.5% | +0.2% |
| Rianlon 300596.SZ | China | $1.39B | -7% | +11% | 11% | 14.7× | n/a | n/a |
| Privi Speciality Chemicals PRIVISCL.NS | India | $1.40B | -4% | +18% | 20% | 30.4× | 30.1% | +15.0% |
| Caregen 214370.KS | South Korea | $1.01B | -73% | -8% | 24% | 22.6× | 35.2% | +3.8% |
| Jilin Chemical Fibre Stock 000420.SZ | China | $1.42B | -25% | +11% | 5% | 154.0× | n/a | n/a |
| Jiangsu Zhengdan Chemical Industry 300641.SZ | China | $981M | -28% | -30% | 17% | n/a | 8.8% | +11.6% |
| Jubilant Ingrevia JUBLINGREA.NS | India | $966M | -24% | +15% | 10% | 21.1× | 27.3% | +44.9% |
| Zhejiang Huangma Technology 603181.SS | China | $935M | -30% | +7% | 17% | 14.5× | n/a | n/a |
| Alzchem ACT0.DE | Germany | $1.56B | n/a | +5% | 16% | 20.9× | -1.1% | +8.2% |