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Zhejiang Chang'an Renheng Technology Co., Ltd. logo

Zhejiang Chang'an Renheng Technology Co., Ltd.

8139.HK

HKSEBasic MaterialsChemicals

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Latest quote

HK$1.06

−HK$0.01 · -0.93%

Aug 24, 2:56 PM HKT

8139.HK company overview

Historical prices · Market data may be delayed.

Company profile

Company website

Zhejiang Chang'an Renheng Technology Co., Ltd., along with its subsidiaries, specializes in the development, manufacturing, and sale of advanced bentonite fine chemicals within the People's Republic of China. Their product range is extensive, featuring chemicals for papermaking, various inorganic gels, bentonite specifically designed for metallurgical pellets, premium calcium-bentonite, organic bentonite derivatives, and other chemical agents like flocculants, primarily utilized in the coating preparation sector. The company also extends its operations to include clay mining and processing, in addition to the wholesale and retail distribution of chemicals and equipment. Established in 2000, the firm was originally known as Changxing Renheng Fine Bentonite Co., Ltd. until its rebranding to Zhejiang Chang'an Renheng Technology Co., Ltd. in December 2008. Its headquarters are located in Changxing, People's Republic of China.

Industry
Chemicals
Sector
Basic Materials
Headquarters
CN
CEO
Youlian Zhang
Listed since
Jan 16, 2015
Employees
228

Market position

Day range

Current HK$1.06

52-week range

Current HK$1.06

Open
HK$1.07
Previous close
HK$1.07
Volume
1K
0.12× average
Average volume
8.59K
Average daily volume
Market cap
40.7M HKD
Beta
0.69
Market reference 1
50-day average
HK$1.1794
-10.12% below average
200-day average
HK$1.3105
-19.11% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
210.33M CNY
P/E (TTM)
-454.42×
P/B (TTM)
0.29×
P/S (TTM)
0.17×
EV / EBITDA
10.39×
Earnings yield
-0.15%
Free cash flow yield
-18.53%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
37.96%
Operating margin
3.84%
Net margin
-0.04%
Return on equity
-0.06%
Return on assets
-0.02%
Return on invested capital
-0.40%

Financial health

Debt / equity
1.67×
Current ratio
0.92×
Altman Z-score
0.74
Piotroski F-score
4 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends46%29%12%-4%Gross margin, FY2021: 41.58%Gross margin, FY2022: 36.66%Gross margin, FY2023: 40.28%Gross margin, FY2024: 41.10%Gross margin, FY2025: 37.96%Operating margin, FY2021: 9.94%Operating margin, FY2022: 5.34%Operating margin, FY2023: 5.65%Operating margin, FY2024: 4.07%Operating margin, FY2025: 3.84%Net margin, FY2021: 5.15%Net margin, FY2022: 0.94%Net margin, FY2023: 1.42%Net margin, FY2024: 0.65%Net margin, FY2025: -0.04%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 41.58%. Gross margin FY2022 36.66%. Gross margin FY2023 40.28%. Gross margin FY2024 41.10%. Gross margin FY2025 37.96%. Operating margin FY2021 9.94%. Operating margin FY2022 5.34%. Operating margin FY2023 5.65%. Operating margin FY2024 4.07%. Operating margin FY2025 3.84%. Net margin FY2021 5.15%. Net margin FY2022 0.94%. Net margin FY2023 1.42%. Net margin FY2024 0.65%. Net margin FY2025 -0.04%.

Income trends

Revenue

207.44M CNY+6.45%

Operating income

7.96M CNY+0.35%

Net income

−76.35K CNY−1.35M CNY
Income trends across reported periods228.19M CNY145.18M CNY62.18M CNY−20.83M CNYRevenue, FY2021: 144.4M CNYRevenue, FY2022: 150.82M CNYRevenue, FY2023: 162.28M CNYRevenue, FY2024: 194.86M CNYRevenue, FY2025: 207.44M CNYOperating income, FY2021: 14.35M CNYOperating income, FY2022: 8.06M CNYOperating income, FY2023: 9.17M CNYOperating income, FY2024: 7.94M CNYOperating income, FY2025: 7.96M CNYNet income, FY2021: 7.43M CNYNet income, FY2022: 1.42M CNYNet income, FY2023: 2.3M CNYNet income, FY2024: 1.27M CNYNet income, FY2025: −76.35K CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 144.4M CNY. Revenue FY2022 150.82M CNY. Revenue FY2023 162.28M CNY. Revenue FY2024 194.86M CNY. Revenue FY2025 207.44M CNY. Operating income FY2021 14.35M CNY. Operating income FY2022 8.06M CNY. Operating income FY2023 9.17M CNY. Operating income FY2024 7.94M CNY. Operating income FY2025 7.96M CNY. Net income FY2021 7.43M CNY. Net income FY2022 1.42M CNY. Net income FY2023 2.3M CNY. Net income FY2024 1.27M CNY. Net income FY2025 −76.35K CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue207.44M CNY194.86M CNY162.28M CNY150.82M CNY144.4M CNY
Cost of goods sold128.7M CNY114.77M CNY96.91M CNY95.53M CNY84.36M CNY
Gross profit78.74M CNY80.1M CNY65.36M CNY55.29M CNY60.04M CNY
Research and development13.74M CNY15.54M CNY11.59M CNY10.61M CNY10.7M CNY
Selling, general, and administrative65.67M CNY57.64M CNY45.2M CNY37.12M CNY38M CNY
Operating expenses70.78M CNY72.16M CNY56.19M CNY47.38M CNY45.69M CNY
Interest income33.8K CNY109.86K CNY230.56K CNY37.51K CNY27.87K CNY
Interest expense7.49M CNY6.71M CNY6.83M CNY6.49M CNY5.98M CNY
Depreciation and amortization17.74M CNY16.72M CNY14.56M CNY9.62M CNY11.53M CNY
Operating income7.96M CNY7.94M CNY9.17M CNY8.06M CNY14.35M CNY
Net income−76.35K CNY1.27M CNY2.3M CNY1.42M CNY7.43M CNY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
-0.04

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates0.160.06-0.05-0.15Q2 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q1 '25
Q2 2023, reported Apr 1, 2023: actual 0.053, estimate —, surprise —, Comparison unavailable. Q2 2023, reported May 13, 2023: actual -0.008, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 15, 2023: actual 0.121, estimate —, surprise —, Comparison unavailable. Q4 2023, reported Nov 15, 2023: actual 0.064, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 28, 2024: actual -0.114, estimate —, surprise —, Comparison unavailable. Q2 2024, reported May 20, 2024: actual 0.04, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 15, 2024: actual 0.039, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 31, 2025: actual -0.042, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates54.39M48.3M42.21M36.12MQ2 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q1 '25
Q2 2023, reported Apr 1, 2023: actual 46.33M HKD, estimate —, surprise —, Comparison unavailable. Q2 2023, reported May 13, 2023: actual 38.21M HKD, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 15, 2023: actual 45.8M HKD, estimate —, surprise —, Comparison unavailable. Q4 2023, reported Nov 15, 2023: actual 47.67M HKD, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 28, 2024: actual 46.49M HKD, estimate —, surprise —, Comparison unavailable. Q2 2024, reported May 20, 2024: actual 49.29M HKD, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 15, 2024: actual 48.93M HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 31, 2025: actual 52.3M HKD, estimate —, surprise —, Comparison unavailable.

Corporate actions

Corporate action history

Dividend

Ex-dividend May 27, 2015

HK$0.2277

Irregular

Record May 28, 2015 · Payment Jun 30, 2015

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