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Chinese chemicals/technology company; specific product line not established from available knowledge.
Chinese chemicals/technology company; specific product line not established from available knowledge.
Moat: none
Headquarters: China · Employees: 303
Size GCH Technology (688625.SS) is a China Materials company (Chemicals: Specialty) with a market value of $1.38B, the 1771st largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥35.38 on 6 Nov 2026.
Performance Over six months the shares fell 32.1%, against -21.0% for the median peer and -16.4% for the China market (cap-weighted) — 6th lowest of 21 in its peer set.
Growth Revenue grew 8.0% over the last twelve months (peer median +15.6%); the operating margin is 18.0% (peer median 6.9%).
Valuation It trades at 19.2× forward earnings against a peer median of 18.3× (9th cheapest of 17).
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 +16%, so the hurdle is +11 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 2.0 points below its cost of capital (9.9% WACC).
Next results Next results expected around 27 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥1.05B | CN¥972M | CN¥866M | CN¥793M | CN¥689M |
| Revenue growth | — | +12% | +9% | +15% | — |
| Gross profit | CN¥430M | CN¥421M | CN¥355M | CN¥329M | CN¥275M |
| EBITDA | n/a | CN¥330M | CN¥271M | CN¥257M | CN¥206M |
| Net income | CN¥194M | CN¥276M | CN¥250M | CN¥226M | CN¥195M |
| Free cash flow | CN¥399M | CN¥324M | CN¥127M | CN¥48.1M | CN¥231M |
| Capital expenditure | CN¥66.7M | CN¥66.4M | CN¥111M | CN¥115M | CN¥75.6M |
| Total debt | CN¥1.78B | CN¥1.38B | CN¥1.78B | CN¥1.90B | CN¥1.27B |
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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 | 688625.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -46.9% | -11.7% | lowest of 21 |
| 6-month return | -32.1% | -21.0% | 6th lowest of 21 |
| Distance from 52-week high | -64.6% | -44.5% | lowest of 21 |
| Revenue growth (TTM) | +8.0% | +15.6% | 9th lowest of 21 |
| Operating margin | 18.0% | 6.9% | 4th highest of 21 |
| Forward P/E | 19.2× | 18.3× | 9th cheapest of 17 |
| Growth the price implies (Req g, 7 yrs) | 27.6% | 16.9% | 5th most demanding of 10 |
| Growth delivered (Del g) | +16.3% | +10.1% | 2nd highest of 10 |
| Hurdle (Req g minus delivered) | +11.3 pp | +15.0 pp | 5th least demanding of 10 |
| ROIC minus cost of capital | -2.0 pp | -2.2 pp | 10th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| GCH Technology 688625.SS | China | $1.38B | -32% | +8% | 18% | 19.2× | 27.6% | +16.3% |
| Guangdong Guanghua Sci-Tech 002741.SZ | China | $1.40B | -9% | +61% | 4% | 58.4× | n/a | n/a |
| Shandong Dawn Polymer 002838.SZ | China | $1.40B | -35% | +31% | 6% | 19.3× | n/a | n/a |
| Shenzhen Rongda Photosensitive & Technology 300576.SZ | China | $1.40B | -31% | +14% | 10% | n/a | n/a | n/a |
| BASF India BASF.NS | India | $1.35B | -23% | +13% | 4% | 17.4× | n/a | n/a |
| Wankai New Materials 301216.SZ | China | $1.35B | -48% | +5% | 4% | 8.3× | n/a | n/a |
| Jiangyin Jianghua Micro-electronics Materials 603078.SS | China | $1.33B | -7% | +18% | 7% | 79.3× | 32.0% | +17.0% |
| Anhui Guangxin Agrochemical 603599.SS | China | $1.43B | -29% | -13% | 18% | 13.1× | -3.8% | +0.6% |
| COFCO Biotechnology 000930.SZ | China | $1.32B | -21% | -9% | -2% | n/a | n/a | n/a |
| Global New Material International 6616.HK | Hong Kong | $1.32B | -3% | +165% | 0% | 14.1× | n/a | n/a |
| Dawei Technology (Guangdong) 600589.SS | China | $1.32B | -38% | +29% | -10% | n/a | n/a | n/a |
| Guangdong Orient Zirconic Industry Science & Technology 002167.SZ | China | $1.44B | +5% | +17% | 14% | 48.5× | 32.4% | +10.1% |
| Jilin OLED Material Tech 688378.SS | China | $1.45B | -17% | +74% | 18% | 28.1× | 46.2% | +15.2% |
| Elementis ELM.L | United Kingdom | $1.45B | +34% | -12% | 20% | 16.9× | 16.9% | -4.8% |
| LOTTE CHEMICAL 011170.KS | South Korea | $1.45B | -59% | +5% | -2% | n/a | n/a | n/a |
| REX American Resources REX | United States | $1.31B | -21% | +6% | 15% | 26.2× | -3.8% | +11.7% |
| Industrie De Nora DNR.MI | Italy | $1.31B | -23% | -2% | 14% | 16.0× | n/a | n/a |
| Beijing Haixin Energy Technology 300072.SZ | China | $1.30B | -20% | +61% | -9% | 121.7× | n/a | n/a |
| Shiny Chemical Industrial 1773.TW | Taiwan | $1.29B | -20% | +20% | 22% | 15.1× | 5.5% | +8.1% |
| Chengzhi 000990.SZ | China | $1.29B | -43% | -7% | 7% | 10.6× | -2.8% | +2.2% |
| Shandong Kaisheng New Materials 301069.SZ | China | $1.28B | -19% | +20% | 13% | 47.0× | 29.2% | +10.4% |