China Sanjiang Fine Chemicals Company Limited logo

China Sanjiang Fine Chemicals Company Limited

2198.HK

HKSEBasic MaterialsChemicals

Latest quote

HK$3.57

−HK$0.025 · -0.70%

Aug 25, 4:08 PM HKT

2198.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

China Sanjiang Fine Chemicals Company Limited functions as an investment holding enterprise within the People's Republic of China, focusing on the production and distribution of a diverse range of chemical products. Its primary offerings include ethylene oxide, a vital intermediate for creating ethylene derivatives such as ethanolamines, glycol ethers, and various surfactants. The company also supplies ethylene glycol, used in the synthesis of bio-organic compounds like mono ethylene glycol. Propylene is another key product, essential for manufacturing polypropylene, acrylonitrile, propylene oxide, and acetone. Additionally, it produces polypropylene, a versatile thermoplastic resin applied in knitting, injection molding, films, fibers, and pipe manufacturing. Methyl tert-butyl ether (MTBE) is provided as a gasoline additive to enhance octane ratings and serve as a fuel component. The company also offers surfactants, which are integral across various sectors as scouring, moisturizing, emulsifying, and solubilizing agents. Beyond these core chemicals, Sanjiang Fine Chemicals manufactures and supplies carbon four, crude pentene, and industrial gases including oxygen, nitrogen, and argon. Its service portfolio includes processing for polypropylene, MTBE, and surfactants, along with leasing and storage solutions. The company also provides asset and supply chain management services. Further expanding its operations, China Sanjiang Fine Chemicals is involved in the construction and ongoing management of a pipe network within the Jiaxing Port Chemical Industrial Park. It also engages in the manufacturing and sale of fertilizers, plastics, alcohol ethoxylate, nonylphenols, textile auxiliaries, and polyethylene, complemented by equipment rental services. Established in 2009, the company's headquarters are located in Jiaxing, People's Republic of China.

Industry
Chemicals
Sector
Basic Materials
Headquarters
CN
CEO
Jianhong Han
Listed since
Sep 16, 2010
Employees
1,466

Market position

Day range

Current HK$3.57

52-week range

Current HK$3.57

Open
HK$3.665
Previous close
HK$3.595
Volume
3.7M
0.67× average
Average volume
5.55M
Average daily volume
Market cap
4.12B HKD
Beta
0.92
Market reference 1
50-day average
HK$3.108
+14.86% above average
200-day average
HK$3.8757
-7.89% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
12.87B CNY
P/E (TTM)
8.69×
P/B (TTM)
0.67×
P/S (TTM)
0.19×
EV / EBITDA
7.88×
Earnings yield
12.72%
Free cash flow yield
-21.17%
Dividend yield
1.40%

Profitability & efficiency

Gross margin
4.86%
Operating margin
3.38%
Net margin
2.21%
Return on equity
7.66%
Return on assets
1.82%
Return on invested capital
2.78%

Financial health

Debt / equity
2.22×
Current ratio
0.55×
Altman Z-score
1.84
Piotroski F-score
9 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends8%4%-0%-5%Gross margin, FY2021: 6.68%Gross margin, FY2022: -0.80%Gross margin, FY2023: 1.29%Gross margin, FY2024: 5.67%Gross margin, FY2025: 4.86%Operating margin, FY2021: 3.71%Operating margin, FY2022: -3.01%Operating margin, FY2023: -0.27%Operating margin, FY2024: 4.29%Operating margin, FY2025: 3.38%Net margin, FY2021: 4.01%Net margin, FY2022: -3.49%Net margin, FY2023: 0.70%Net margin, FY2024: 2.72%Net margin, FY2025: 2.21%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 6.68%. Gross margin FY2022 -0.80%. Gross margin FY2023 1.29%. Gross margin FY2024 5.67%. Gross margin FY2025 4.86%. Operating margin FY2021 3.71%. Operating margin FY2022 -3.01%. Operating margin FY2023 -0.27%. Operating margin FY2024 4.29%. Operating margin FY2025 3.38%. Net margin FY2021 4.01%. Net margin FY2022 -3.49%. Net margin FY2023 0.70%. Net margin FY2024 2.72%. Net margin FY2025 2.21%.

Income trends

Revenue

18.47B CNY-5.71%

Operating income

624.81M CNY-25.56%

Net income

407.26M CNY-23.53%
Income trends across reported periods21.58B CNY13.62B CNY5.66B CNY−2.3B CNYRevenue, FY2021: 9.5B CNYRevenue, FY2022: 8.82B CNYRevenue, FY2023: 13.13B CNYRevenue, FY2024: 19.59B CNYRevenue, FY2025: 18.47B CNYOperating income, FY2021: 352.33M CNYOperating income, FY2022: −265.68M CNYOperating income, FY2023: −35.48M CNYOperating income, FY2024: 839.33M CNYOperating income, FY2025: 624.81M CNYNet income, FY2021: 380.61M CNYNet income, FY2022: −307.88M CNYNet income, FY2023: 91.48M CNYNet income, FY2024: 532.55M CNYNet income, FY2025: 407.26M CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 9.5B CNY. Revenue FY2022 8.82B CNY. Revenue FY2023 13.13B CNY. Revenue FY2024 19.59B CNY. Revenue FY2025 18.47B CNY. Operating income FY2021 352.33M CNY. Operating income FY2022 −265.68M CNY. Operating income FY2023 −35.48M CNY. Operating income FY2024 839.33M CNY. Operating income FY2025 624.81M CNY. Net income FY2021 380.61M CNY. Net income FY2022 −307.88M CNY. Net income FY2023 91.48M CNY. Net income FY2024 532.55M CNY. Net income FY2025 407.26M CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue18.47B CNY19.59B CNY13.13B CNY8.82B CNY9.5B CNY
Cost of goods sold17.57B CNY18.48B CNY12.96B CNY8.89B CNY8.86B CNY
Gross profit898.2M CNY1.11B CNY168.77M CNY−70.38M CNY634.52M CNY
Selling, general, and administrative273.39M CNY235.61M CNY201.46M CNY201.31M CNY282.19M CNY
Operating expenses273.39M CNY102.01M CNY204.24M CNY195.3M CNY282.19M CNY
Interest income31.09M CNY57.76M CNY87.05M CNY107.05M CNY74.17M CNY
Interest expense361.8M CNY414.66M CNY214.9M CNY168.32M CNY131.33M CNY
Depreciation and amortization1.03B CNY545.34M CNY577.8M CNY545.35M CNY493.58M CNY
Operating income624.81M CNY839.33M CNY−35.48M CNY−265.68M CNY352.33M CNY
Net income407.26M CNY532.55M CNY91.48M CNY−307.88M CNY380.61M CNY

Company facts updated Aug 25, 2026.

Earnings

EPS beat rate
50%
1 beat, 1 miss, 0 met estimates
Average EPS surprise
-12.11%
2 comparable reports
Latest EPS result
0.1

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.590.29-0-0.3Q1 '22MissQ3 '22No estimateQ1 '23No estimateQ3 '23No estimateQ1 '24No estimateQ3 '24No estimateQ1 '25No estimateQ1 '26No estimate
Q1 2022, reported Mar 28, 2022: actual 0.055, estimate 0.53, surprise -89.58%, Miss. Q3 2022, reported Aug 31, 2022: actual -0.063, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 28, 2023: actual -0.239, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 31, 2023: actual 0.024, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 28, 2024: actual 0.063, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 30, 2024: actual 0.14, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 28, 2025: actual 0.351, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 27, 2026: actual 0.102, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates12.89B9.89B6.88B3.88BQ1 '22MissQ3 '22MissQ1 '23MissQ3 '23MissQ1 '24MissQ3 '24No estimateQ1 '25No estimateQ1 '26No estimate
Q1 2022, reported Mar 28, 2022: actual 5.78B HKD, estimate 12.27B HKD, surprise -52.86%, Miss. Q3 2022, reported Aug 31, 2022: actual 5.7B HKD, estimate 12.22B HKD, surprise -53.37%, Miss. Q1 2023, reported Mar 28, 2023: actual 4.5B HKD, estimate 12.22B HKD, surprise -63.15%, Miss. Q3 2023, reported Aug 31, 2023: actual 4.96B HKD, estimate 12.22B HKD, surprise -59.37%, Miss. Q1 2024, reported Mar 28, 2024: actual 9.45B HKD, estimate 12.22B HKD, surprise -22.68%, Miss. Q3 2024, reported Aug 30, 2024: actual 9.92B HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 28, 2025: actual 11.01B HKD, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 27, 2026: actual 10.42B HKD, estimate —, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

HK$0.425

2021 complete year+93.2% since 2017

2026 partial: HK$0.05

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend May 28, 2026

HK$0.05

Irregular

Record May 29, 2026 · Payment Jun 23, 2026

Dividend

Ex-dividend May 19, 2022

HK$0.06

Special

Record May 20, 2022 · Payment Jun 1, 2022

Dividend

Ex-dividend Sep 14, 2021

HK$0.125

Semi-Annual

Record Sep 15, 2021 · Payment Sep 24, 2021

Dividend

Ex-dividend Apr 29, 2021

HK$0.30

Semi-Annual

Record Apr 30, 2021 · Payment May 12, 2021

Dividend

Ex-dividend Sep 15, 2020

HK$0.125

Semi-Annual

Record Sep 17, 2020 · Payment Sep 25, 2020

Dividend

Ex-dividend May 28, 2020

HK$0.20

Semi-Annual

Record Jun 1, 2020 · Payment Jun 11, 2020

2198.HK peers

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