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Maker of epoxy and vinyl-ester resins for wind-turbine blades, including recyclable blade-resin technology, founded from a Taiwanese resin maker.
Maker of epoxy and vinyl-ester resins for wind-turbine blades, including recyclable blade-resin technology, founded from a Taiwanese resin maker.
In one line: A wind-blade-resin specialist like Olin/Hexion.
Moat: narrow (IP / patents, customer qualification). Recyclable-resin patents and long-standing blade-maker qualification differentiate it in a niche chemical segment.
Headquarters: Shanghai, China · Founded: 1996 · Employees: 424
Size Swancor Advanced Materials (688585.SS) is a China Materials company (Chemicals: Specialty) with a market value of $10.9B, the 226th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥180.02 on 6 Nov 2026.
Performance Over six months the shares gained 50.1%, against -21.0% for the median peer and -16.4% for the China market (cap-weighted) — highest of 21 in its peer set.
Growth Revenue grew 3.0% over the last twelve months (peer median +2.4%); the operating margin is -24.7% (peer median 13.9%).
Valuation It trades at 78.05× book value against a peer median of 1.63× (most expensive of 21).
Price implies The share price implies a return on equity of about 1,375.7%; Swancor Advanced Materials delivers -39.0%, so the price asks more than the business earns today.
Next results Next results expected around 7 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥1.73B | CN¥1.80B | CN¥1.49B | CN¥1.40B | CN¥1.86B |
| Revenue growth | — | +20% | +7% | -25% | — |
| Gross profit | CN¥259M | CN¥226M | CN¥221M | CN¥207M | CN¥222M |
| EBITDA | n/a | CN¥116M | CN¥143M | CN¥127M | CN¥140M |
| Net income | -CN¥441M | CN¥41.1M | CN¥88.7M | CN¥70.9M | CN¥84.1M |
| Free cash flow | -CN¥37.8M | CN¥61.0M | CN¥9.43M | CN¥300M | -CN¥91.4M |
| Capital expenditure | CN¥59.4M | CN¥38.6M | CN¥16.9M | CN¥13.9M | CN¥36.3M |
| Total debt | CN¥329M | CN¥512M | CN¥309M | CN¥195M | CN¥388M |
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 |
|---|---|---|---|---|---|---|
| Swancor Advanced Materials 688585.SS | $10.9B | +50% | +3% | -39% | 78.05× | 1,375.7% |
| Olin OLN | $1.97B | -36% | -1% | -9% | 1.15× | 11.7% |
| Huntsman HUN | $1.66B | -37% | +6% | -6% | 0.62× | 6.4% |
| Westlake WLK | $8.11B | -32% | 0% | -5% | 0.94× | 7.8% |
| Nan Ya Plastic 1303.TW | $57.4B | +155% | +6% | 12% | 3.98× | 22.1% |
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 | 688585.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +51.0% | -2.0% | highest of 21 |
| 6-month return | +50.1% | -21.0% | highest of 21 |
| Return on equity | -39.0% | 11.4% | lowest of 21 |
| Price / book | 78.05× | 1.63× | most expensive of 21 |
| ROE the price implies | 1,375.7% | 13.8% | most demanding of 21 |
| ROE delivered | -39.0% | 12.0% | lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Swancor Advanced Materials 688585.SS | China | $10.9B | +50% | +3% | -39% | 78.05× | 1,375.7% | -39.0% |
| Formosa Chemicals & Fibre 1326.TW | Taiwan | $11.1B | +21% | -5% | 4% | 0.71× | 4.0% | 3.6% |
| Albemarle ALB | United States | $11.7B | -51% | +18% | 2% | 1.46× | 15.5% | 2.2% |
| Formosa Plastics 1301.TW | Taiwan | $12.1B | +22% | -11% | 2% | 0.70× | 3.1% | 2.5% |
| Ganfeng Lithium 1772.HK | Hong Kong | $9.76B | -72% | +123% | 14% | 0.94× | 9.6% | 14.4% |
| Satellite Chemical 002648.SZ | China | $12.4B | -17% | +20% | 29% | 2.01× | 14.2% | 29.2% |
| Resonac 4004.T | Japan | $12.6B | -26% | +1% | 8% | 2.53× | 37.7% | 8.1% |
| Lgchem 051910.KS | South Korea | $12.6B | -42% | 0% | -7% | 0.51× | 5.7% | -7.0% |
| Zhejiang Juhua 600160.SS | China | $13.1B | -12% | -5% | 19% | 3.92× | 42.2% | 18.5% |
| Tianqi Lithium 002466.SZ | China | $8.97B | -54% | +104% | 13% | 1.30× | 17.8% | 12.9% |
| Guangzhou Tinci Materials Technology 002709.SZ | China | $8.73B | -53% | +102% | 28% | 2.78× | 36.4% | 28.2% |
| Covestro 1COV.DE | Germany | $14.0B | 0% | -9% | -9% | 1.70× | 12.2% | n/a |
| Shandong Hualu-Hengsheng Chemical 600426.SS | China | $8.27B | -32% | +3% | 12% | 1.55× | 11.6% | 12.0% |
| Westlake WLK | United States | $8.11B | -32% | 0% | -5% | 0.94× | 7.8% | -4.9% |
| Symrise SY1.DE | Germany | $15.1B | +30% | -1% | 7% | 3.54× | 13.4% | 6.6% |
| Nippon Sanso 4091.T | Japan | $15.3B | +1% | +10% | 12% | 1.91× | 16.1% | 12.5% |
| Sociedad Quimica y Minera de Chile S.A. Sponsored ADR Pfd Series B SQM | United States | $16.0B | -37% | +59% | 24% | 2.61× | 22.6% | 23.8% |
| Eastman Chemical EMN | United States | $7.37B | -13% | 0% | 11% | 1.17× | 11.5% | 10.7% |
| Croda International CRDA.L | United Kingdom | $6.88B | +31% | +3% | 4% | 2.35× | 24.3% | 3.6% |
| Hengli Petrochemical 600346.SS | China | $17.5B | -25% | -8% | 18% | 1.56× | 13.3% | 17.6% |
| SOL SOL.MI | Italy | $6.39B | +6% | +9% | 15% | 4.81× | 29.6% | 15.5% |