Trust Chem Co., Ltd.

Trust Chem Co., Ltd.

001335.SZ
Trust Chem Co., Ltd.CN flagShenzhen Stock Exchange
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CNY
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Recent

price

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P/E

ratio

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div

yld

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ROIC.AI

2019
2020
2021
2022
2023
2024
TTM
FRC
20.83
19.91
20.04
17.01
15.17
20.17
20.36
Revenue per Share
1
1.22
1.48
1.25
1.25
1.58
1.68
Basic EPS, GAAP
1.12
1.21
-1.34
-0.55
-0.11
-1.01
-0.43
Free Cash Flow per Basic Share
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- -
0.01
0.07
0.08
0.11
0.06
Dividend per Share
2.97
4.09
3.18
3.89
5.02
6.51
7.32
Book Value per Share
3.29
3.93
5.59
6.2
7.52
9.22
13.05
Tangible Book Value per Share
50
50
60
70
70
70
71
Basic Weighted Avg Shares
1,037
999
1,206
1,192
1,069
1,417
1,449
Sales/Revenue/Turnover
7.61
9.34
10.13
9.25
8.06
7.47
-35.01
Operating Margin (%)
3
3
5
6
13
28
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Depreciation Expense
50
61
89
88
88
111
119
Net Income, GAAP
24.24
26.12
24.55
24.76
19.01
20.28
9.95
Effective Tax Rate (%)
4.8
6.13
7.38
7.35
8.24
7.83
8.24
Profit Margin (%)
135
162
204
163
184
163
366
Working Capital
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37
41
105
143
122
LT Debt
166
239
377
510
618
734
1,014
Total Equity
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32.38
25.17
15.01
10.01
9.66
-42.08
Return on Invested Capital (%)
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33.85
33.76
24.71
18.72
18.2
16.49
Return on Capital (%)
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34.67
44.89
37.76
28.1
27.36
25.94
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
102
156
111
LT Borrowings
142
141
115
LT Finance Leases
1
1
7
Preferred Equity and Hybrid Capital
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Shares Outstanding
94
94
94
Market Capitalization
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Working Capital

FRC

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
998
1,059
1,208
Cash, Cash Equivalents & STI
372
346
500
Accounts Receivable, Net
222
265
254
Inventories
339
371
385
Total Current Liabilities
835
910
842
Payables & Accruals
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- -
- -
ST Debt
102
156
111
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
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35.39%
18.71%
Free Cash Flow
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87.38%
791.28%
Net Income, GAAP
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18.68%
26.01%
Sales/Revenue/Turnover
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7.63%
32.55%
Total Cash Common Dividend
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40.06%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
259
276
- -
1,069
2024
318
348
388
362
1,417
2025
351
348
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Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
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1.25
2024
0.26
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- -
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1.58
2025
0.33
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- -
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- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
0.08
2024
0.02
- -
- -
- -
0.11
2025
0.03
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Business
Trust Chem Co., Ltd. (001335.SZ) engages in the research, development, production, and sale of organic pigments and related colorants for applications including inks, coatings, plastics, textiles, and other industries. The company offers a broad portfolio of products comprising azo pigments such as Pigment Yellow (P.Y.) series including P.Y.1, P.Y.3, P.Y.12 through P.Y.194, Pigment Orange (P.O.) series including P.O.5, P.O.13, P.O.34 through P.O.67, and Pigment Red (P.R.) series including P.R.2, P.R.3, P.R.8 through P.R.269; heterocyclic pigments; phthalocyanine pigments such as Pigment Blue (P.B.)15 series, P.B.27, P.B.29, and Pigment Green (P.G.)7; inorganic pigments including iron oxide yellow (P.Y.42) and iron oxide red (P.R.101); fluorescent pigments; acid dyes under the Lorset brand encompassing Lorset PA, Lorset GH, and others; and intermediates. Zhejiang Xinkai Technology Group Co., Ltd., operating as Trust Chem, maintains rigorous quality control with third-party HSE testing and REACH compliance, serving customers in coatings, plastics, inks, and specialty sectors across more than 70 countries. Founded in 1996 and headquartered at No. 1069 Donglian Street, Cangqian Sub-district, Hangzhou, Zhejiang Province, China, the company operates a global structure with subsidiaries in the Netherlands, USA, Australia, Turkey, Canada, India, and the UK, alongside a representative office in South Africa. Trust Chem collaborates with universities and research institutions to drive innovation in sustainable, high-performance colorants. In a major strategic milestone, Trust Chem listed on the Shenzhen Stock Exchange Main Board (ticker: 001335.SZ) on April 15, 2025, following an initial public offering of 23.43 million shares priced at 12.80 yuan each, raising approximately CNY 300 million to fund production expansions and high-value product development. The company reported robust 2024 financial performance with revenue of CNY 1.417 billion, up 32.55% year-over-year, and net profit of CNY 111 million, up 26.31%, while advancing trial production at its Xinkai Ziyuan factory for enhanced capacity. Trust Chem continues to deepen market penetration in high-end organic pigments and functional chemicals, aligning with digital transformation and smart manufacturing initiatives under China's 14th Five-Year Plan.