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Chinese heavy-metal pollution control specialist serving mining and smelting firms, selling treatment agents, equipment, engineering and copper extractants.
Chinese heavy-metal pollution control specialist serving mining and smelting firms, selling treatment agents, equipment, engineering and copper extractants.
Earns from designing and building treatment systems for heavy-metal waste at mines and smelters, from selling the chemical agents those systems use, and from operating plants for customers under service contracts. A second line sells copper extractants, chemicals that separate copper in wet-processing plants. Business follows spending by non-ferrous metal producers.
Moat: narrow (IP / patents, customer qualification). Proprietary heavy-metal treatment technology proven at many mining and smelting sites, but project demand follows metal-industry spending.
Headquarters: Changsha, China · Founded: 2009 · Employees: 1,384
Size Science Environmental Protection (688480.SS) is a China Industrials company (Miscellaneous Commercial Services) with a market value of $694M, the 3079th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥47.63 on 6 Nov 2026.
Performance Over six months the shares fell 51.3%, against -4.5% for the median peer and -16.4% for the China market (cap-weighted) — 2nd lowest of 21 in its peer set.
Growth Revenue grew 36.9% over the last twelve months (peer median +15.0%); the operating margin is 10.2% (peer median 5.6%).
Valuation It trades at 29.7× forward earnings against a peer median of 14.5× (5th most expensive of 15).
Price implies For today's price to make sense, revenue must grow about 28% a year for seven years (Req g). Recent delivered growth is +28%, so the hurdle is -0 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 2.6 points below its cost of capital (12.1% WACC).
Next results Next results expected around 28 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥1.40B | CN¥1.23B | CN¥923M | CN¥806M | CN¥546M |
| Revenue growth | — | +33% | +15% | +48% | — |
| Gross profit | CN¥453M | CN¥346M | CN¥309M | CN¥225M | CN¥160M |
| EBITDA | n/a | CN¥153M | CN¥147M | CN¥88.3M | CN¥76.1M |
| Net income | CN¥123M | CN¥106M | CN¥181M | CN¥90.3M | CN¥66.2M |
| Free cash flow | CN¥50.4M | CN¥11.7M | -CN¥13.5M | CN¥51.2M | CN¥22.9M |
| Capital expenditure | CN¥79.7M | CN¥121M | CN¥84.5M | CN¥24.9M | CN¥4.32M |
| Total debt | CN¥700M | CN¥325M | CN¥234M | CN¥125M | CN¥56.1M |
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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 | 688480.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -24.2% | -1.1% | 4th lowest of 21 |
| 6-month return | -51.3% | -4.5% | 2nd lowest of 21 |
| Distance from 52-week high | -69.3% | -37.9% | 2nd lowest of 21 |
| Revenue growth (TTM) | +36.9% | +15.0% | 4th highest of 21 |
| Operating margin | 10.2% | 5.6% | 7th highest of 21 |
| Forward P/E | 29.7× | 14.5× | 5th most expensive of 15 |
| Growth the price implies (Req g, 7 yrs) | 28.2% | 12.4% | 3rd most demanding of 13 |
| Growth delivered (Del g) | +28.2% | +12.1% | highest of 13 |
| Hurdle (Req g minus delivered) | -0.0 pp | -3.7 pp | 6th most demanding of 13 |
| ROIC minus cost of capital | -2.6 pp | -2.7 pp | 10th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Science Environmental Protection 688480.SS | China | $694M | -51% | +37% | 10% | 29.7× | 28.2% | +28.2% |
| Bengo4.com 6027.T | Japan | $695M | +94% | +19% | 14% | 51.8× | 18.7% | +25.1% |
| Calian CGY.TO | Canada | $699M | +22% | +16% | 6% | 18.7× | 13.4% | +12.4% |
| Ningbo Sinyuan ZM Technology 301398.SZ | China | $700M | -5% | +42% | -18% | n/a | n/a | n/a |
| Grand Sunergy Tech 603778.SS | China | $686M | -73% | -54% | -98% | n/a | n/a | n/a |
| Danyang Syngen Intelligent Technology 603007.SS | China | $702M | -25% | +929% | -34% | n/a | n/a | n/a |
| Johnson Service JSG.L | United Kingdom | $704M | +10% | +2% | 11% | 11.0× | 8.3% | +18.4% |
| Duolun Technology 603528.SS | China | $706M | -13% | -6% | -30% | 31.9× | n/a | n/a |
| China Education 0839.HK | Hong Kong | $680M | -4% | +9% | 32% | 3.0× | n/a | n/a |
| Aubay AUB.PA | France | $707M | -5% | +27% | 9% | 12.9× | 2.5% | +7.1% |
| IPH IPH.AX | Australia | $709M | +13% | +1% | 18% | 9.5× | -7.3% | +14.6% |
| NCS Testing Technology 300797.SZ | China | $678M | -26% | +15% | 7% | 25.1× | 22.3% | +15.0% |
| RWS RWS.L | United Kingdom | $677M | +46% | -1% | 4% | 10.3× | 11.5% | +14.2% |
| Suzhou Delphi Laser 688170.SS | China | $717M | -23% | +20% | 1% | 78.7× | n/a | n/a |
| Funai Soken 9757.T | Japan | $721M | +5% | +6% | 26% | 16.0× | -8.3% | +5.9% |
| Hangzhou MDK Opto Electronic 688079.SS | China | $666M | -28% | +30% | -26% | n/a | n/a | n/a |
| Guangzhou Doppler Electronic Technologies 301528.SZ | China | $663M | -5% | +35% | 22% | n/a | 42.2% | +11.8% |
| IBEX IBEX | United States | $661M | +53% | +15% | 9% | 13.1× | 0.3% | +7.7% |
| Matrix Design 301365.SZ | China | $660M | -31% | +9% | 4% | n/a | 29.3% | +3.6% |
| Wuxi Jinyang Precision Manufacturing 301210.SZ | China | $729M | +8% | +57% | 6% | 40.6× | n/a | n/a |
| Worldline WLN.PA | France | $732M | +9% | -18% | 2% | 5.4× | 17.6% | +10.4% |