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Jiangsu Changqing Agrochemical Co., Ltd.

Jiangsu Changqing Agrochemical Co., Ltd.

002391.SZ
Jiangsu Changqing Agrochemical Co., Ltd.CN flagShenzhen Stock Exchange
5.24
CNY
-0.03
- -
3.40BMarket Cap
Jiangsu Changqing Agrochemical Co., Ltd.
002391.SZ
(Shenzhen Stock Exchange)

Recent

price

5.24

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
1.79
2.16
2.76
3.37
3.91
3.53
3.4
4.16
5.57
6.31
4.76
5.73
6.51
5.57
5.53
5.89
5.86
Revenue per Share
0.25
0.24
0.35
0.41
0.51
0.46
0.3
0.42
0.59
0.69
0.31
0.38
0.4
0.11
-0.19
0.06
-0.16
Basic EPS, GAAP
-0.28
-0.41
-0.57
-0.53
-0.74
-0.55
-0.18
0.52
0.51
-0.09
-0.36
-0.91
-0.02
-1.74
-1.25
-0.04
-1.43
Free Cash Flow per Basic Share
0.1
0.1
0.14
0.15
0.16
0.23
0.25
0.26
0.25
0.24
0.24
0.27
0.32
0.32
0.35
0.16
0.15
Dividend per Share
0.96
1.09
1.28
1.51
2.09
2.17
2.16
2.35
2.7
3.49
3.23
3.25
3.44
3.37
3.04
3.15
3.16
Book Value per Share
3.72
3.52
3.61
3.98
4.61
5.33
5.21
5.44
5.85
6.27
6.65
6.58
6.75
6.59
6.12
6.23
6.27
Tangible Book Value per Share
421
464
460
466
462
516
539
539
539
535
632
657
652
649
637
626
625
Basic Weighted Avg Shares
755
1,001
1,271
1,569
1,809
1,821
1,833
2,245
3,001
3,377
3,008
3,765
4,244
3,614
3,524
3,686
3,666
Sales/Revenue/Turnover
13.38
9.22
12.08
14.35
16.13
15.48
10.48
13.46
13.26
13.71
7.56
7.74
7.1
4.02
-1.8
3.45
-0.2
Operating Margin (%)
28
31
44
59
89
116
132
180
200
209
227
253
309
356
325
404
- -
Depreciation Expense
107
113
160
193
234
238
163
228
319
371
195
249
262
73
-120
41
-97
Net Income, GAAP
12.71
12.45
13.9
13.86
14.73
11.06
10.97
13.58
12.15
10.96
5.14
6.49
3.5
- -
- -
- -
- -
Effective Tax Rate (%)
14.12
11.33
12.55
12.27
12.94
13.05
8.87
10.15
10.64
10.98
6.48
6.6
6.18
2.02
-3.4
1.1
-2.65
Profit Margin (%)
1,305
1,243
891
817
1,158
891
752
881
978
1,812
1,554
1,272
1,250
569
182
-412
-107
Working Capital
- -
- -
- -
100
616
54
- -
- -
- -
826
- -
500
823
679
1,404
877
1,131
LT Debt
1,582
1,648
1,766
1,959
2,241
2,888
2,941
3,061
3,276
3,476
4,370
4,510
4,650
4,581
4,228
4,250
4,253
Total Equity
8.6
5.05
7.71
9.93
10.11
8.34
5.01
7.38
9.89
10.04
4.53
4.94
4.68
- -
- -
- -
- -
Return on Invested Capital (%)
26.51
24.97
27.32
25.28
20.13
16.6
11.12
14.37
19.22
16.78
7.51
9
8.31
- -
- -
- -
- -
Return on Capital (%)
32.11
24.97
29.16
29.8
28.08
22.77
14.23
18.78
23.5
22.33
9.97
11.9
11.98
3.3
-5.82
2.07
-4.79
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
1,900
3,041
3,035
LT Borrowings
1,404
1,005
1,131
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
650
650
650
Market Capitalization
3,246
3,132
3,663

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
2,974
3,731
3,996
Cash, Cash Equivalents & STI
615
1,105
1,446
Accounts Receivable, Net
689
1,008
1,093
Inventories
1,378
1,396
1,248
Total Current Liabilities
2,792
3,972
4,103
Payables & Accruals
- -
- -
- -
ST Debt
1,900
3,041
3,035
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
4.24%
-0.47%
0.51%
Free Cash Flow
688.12%
1,419.27%
-97.11%
Net Income, GAAP
-41.95%
-87.39%
-133.8%
Sales/Revenue/Turnover
8.36%
5.03%
4.58%
Total Cash Common Dividend
1.18%
-3.05%
-55.7%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
860
1,082
725
858
3,524
2025
920
1,163
717
- -
3,686
2026
997
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
- -
- -
- -
-0.19
2025
0.03
- -
- -
- -
0.06
2026
0.05
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.04
- -
- -
- -
0.35
2025
0.04
- -
- -
- -
0.16
2026
0.04
- -
- -
- -
- -
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Business
Jiangsu Changqing Agrochemical Co., Ltd. is a large-scale agrochemical group engaged in the research, development, production, and sale of pesticides. Founded in 1969 and headquartered in Yangzhou, China, the company operates nationally with international market presence including Southeast Asia, Africa, Europe, Australia, and the Americas. It manufactures and markets a comprehensive range of agrochemical products including pesticide technical materials, intermediates, and formulated products such as herbicides, insecticides, and fungicides. The product portfolio features over 30 technical grade chemicals and more than 100 formulated products, including key active compounds like fluorosulfamide, trifluorocarboxylate, imidacloprid, fipronil, and thiamethoxam. Jiangsu Changqing is recognized as a national designated pesticide manufacturer and a national high-tech enterprise, with production capacities exceeding 10,000 tons of technical materials and tens of thousands of tons of formulation products annually. The company sells its products across 29 provinces in China and over 20 countries overseas. Recently, Jiangsu Changqing is finalizing the relocation and upgrade of its production facilities with expected commissioning of new plant areas in early 2025, aiming to optimize its industry chain and enhance production efficiency. In 2024, the company reported revenue of approximately 3.5 billion yuan with a shift to a net loss attributable to shareholders but forecasts a significant profit rebound for the first half of 2025. Operational priorities include new product launches and ongoing investment in R&D while reducing overall capital expenditure compared to prior years. The company also completed a significant share buyback program in early 2024, demonstrating confidence in its strategic trajectory. Jiangsu Changqing maintains subsidiaries including Jiangsu Changqing Biotechnology Co., Ltd. and Jiangsu Changqing Agrochemical Trading Co., Ltd., supporting its integrated business model of manufacturing and international trading services. Overall, Jiangsu Changqing Agrochemical positions itself as a leading player in China’s pesticide industry with advanced production technologies, an extensive product range, growing export markets, and strategic facility modernization to drive future growth and competitiveness. It is listed on the Shenzhen Stock Exchange under the ticker 002391.SZ.