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Shanghai-based specialty-chemicals company, likely serving electronics/semiconductor materials (name-derived; specifics not fully confirmed).
Shanghai-based specialty-chemicals company, likely serving electronics/semiconductor materials (name-derived; specifics not fully confirmed).
Moat: none
Headquarters: Shanghai, China · Employees: 265
Size Shanghai Skychem Technology (688603.SS) is a China Materials company (Chemicals: Specialty) with a market value of $1.22B, the 1940th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥66.50 on 6 Nov 2026.
Performance Over six months the shares fell 28.7%, against -20.4% for the median peer and -16.4% for the China market (cap-weighted) — 7th lowest of 21 in its peer set.
Growth Revenue grew 37.5% over the last twelve months (peer median +3.3%); the operating margin is 18.8% (peer median 12.0%).
Valuation It trades at 44.6× forward earnings against a peer median of 14.3× (4th most expensive of 15).
Capital Return on invested capital runs 4.3 points below its cost of capital (18.5% WACC).
Next results Next results expected around 22 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥607M | CN¥470M | CN¥379M | CN¥338M | CN¥373M |
| Revenue growth | — | +24% | +12% | -10% | — |
| Gross profit | CN¥231M | CN¥180M | CN¥143M | CN¥115M | CN¥113M |
| EBITDA | n/a | CN¥100M | CN¥82.9M | CN¥69.5M | CN¥71.4M |
| Net income | CN¥120M | CN¥86.7M | CN¥74.7M | CN¥58.6M | CN¥54.6M |
| Free cash flow | -CN¥38.3M | -CN¥81.1M | CN¥40.3M | CN¥49.3M | CN¥23.8M |
| Capital expenditure | CN¥77.4M | CN¥151M | CN¥41.7M | CN¥15.0M | CN¥48.8M |
| Total debt | CN¥33.5M | CN¥24.5M | CN¥32.4M | CN¥35.8M | CN¥36.9M |
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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 | 688603.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -35.6% | -8.5% | lowest of 21 |
| 6-month return | -28.7% | -20.4% | 7th lowest of 21 |
| Distance from 52-week high | -68.9% | -46.2% | lowest of 21 |
| Revenue growth (TTM) | +37.5% | +3.3% | 2nd highest of 21 |
| Operating margin | 18.8% | 12.0% | 4th highest of 21 |
| Forward P/E | 44.6× | 14.3× | 4th most expensive of 15 |
| ROIC minus cost of capital | -4.3 pp | -0.6 pp | 5th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Shanghai Skychem Technology 688603.SS | China | $1.22B | -29% | +38% | 19% | 44.6× | n/a | n/a |
| Zhejiang Jiahua Energy Chemical Industry 600273.SS | China | $1.23B | -22% | +4% | 5% | 7.8× | -6.3% | +12.9% |
| Yunnan Energy Investment 002053.SZ | China | $1.21B | -24% | -24% | 20% | 11.6× | n/a | n/a |
| Tongyu Advanced Materials (Guangdong) 301630.SZ | China | $1.21B | -19% | +26% | 18% | n/a | 35.9% | +26.0% |
| Nan Pao Resins Chemical 4766.TW | Taiwan | $1.24B | -6% | +3% | 16% | 13.3× | -8.7% | +8.3% |
| Shanghai Chlor-Alkali Chemical 600618.SS | China | $1.24B | -29% | +2% | 6% | n/a | -0.4% | +9.9% |
| Anhui Shenjian New Materials 002361.SZ | China | $1.25B | -54% | -4% | -3% | n/a | n/a | n/a |
| ISE Chemicals 4107.T | Japan | $1.20B | -30% | 0% | 22% | 36.0× | 18.6% | +18.4% |
| Guizhou Redstar Developing 600367.SS | China | $1.25B | +14% | +1% | 7% | n/a | 26.8% | +9.1% |
| Toagosei 4045.T | Japan | $1.19B | +3% | +2% | 9% | 14.4× | n/a | n/a |
| Chemtrade Logistics Income Fund CHE-UN.TO | Canada | $1.19B | -17% | +12% | 12% | 9.5× | -0.8% | +7.7% |
| Hunan Kaimeite Gases 002549.SZ | China | $1.18B | -43% | -7% | -5% | 38.9× | n/a | n/a |
| Jinhong Gas 688106.SS | China | $1.17B | -42% | +15% | 2% | 67.0× | n/a | n/a |
| Hebei Jinniu Chemical Industry 600722.SS | China | $1.16B | -16% | -1% | 18% | n/a | 28.1% | +3.0% |
| Shandong Kaisheng New Materials 301069.SZ | China | $1.28B | -19% | +20% | 13% | 47.0× | 29.2% | +10.4% |
| Chengzhi 000990.SZ | China | $1.29B | -43% | -7% | 7% | 10.6× | -2.8% | +2.2% |
| Shandong Boyuan Advanced Materials 301617.SZ | China | $1.15B | -4% | +11% | 12% | n/a | 44.7% | +22.5% |
| Shiny Chemical Industrial 1773.TW | Taiwan | $1.29B | -20% | +20% | 22% | 15.1× | 5.5% | +8.1% |
| Shin-Etsu Polymer 7970.T | Japan | $1.15B | +5% | +10% | 13% | 13.2× | -2.9% | +8.4% |
| Beijing Haixin Energy Technology 300072.SZ | China | $1.30B | -20% | +61% | -9% | 121.7× | n/a | n/a |
| Ecovyst ECVT | United States | $1.15B | -26% | +20% | 12% | 14.1× | 8.0% | +7.8% |