1. People's Republic of China Stocks

  2. •

    Basic Materials

  3. •

    Chemicals
Shanxi Huayang New Material Co.,Ltd.

Shanxi Huayang New Material Co.,Ltd.

600281.SS
Shanxi Huayang New Material Co.,Ltd.CN flagShanghai Stock Exchange
3.96
CNY
-0.06
- -
2.04BMarket Cap
Shanxi Huayang New Material Co.,Ltd.
600281.SS
(Shanghai Stock Exchange)

Recent

price

3.96

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
6.13
6.13
7.8
6.16
6.54
4.48
3.07
1.7
1.37
1.05
0.76
0.54
0.64
0.53
0.75
0.88
0.68
Revenue per Share
-0.44
0.07
0.04
-0.55
0.04
-0.34
0.06
0.01
-0.22
0.09
0.08
-0.09
-0.07
-0.39
-0.36
-0.01
-0.2
Basic EPS, GAAP
0.12
0.27
-0.06
-0.76
-0.24
-0.09
-0.27
-0.11
-0.12
-0.39
0.15
-0.31
-0.5
-0.38
-0.12
-0.18
- -
Free Cash Flow per Basic Share
0.1
0.13
0.06
0.05
0.04
0.04
0.01
0.05
0.03
0.03
0.03
0.02
0.04
0.04
0.05
0.05
0.04
Dividend per Share
0.52
0.58
0.62
0.07
0.11
-0.24
-0.17
-0.16
-0.38
-0.29
-0.21
-0.29
-0.37
-0.76
-1.12
-1.14
-1.29
Book Value per Share
1.46
1.57
1.69
1.16
1.37
1.03
1.09
1.11
0.84
0.94
1.02
0.94
0.83
0.44
0.08
0.07
0.08
Tangible Book Value per Share
510
517
515
514
515
514
515
514
514
515
514
515
514
514
514
513
451
Basic Weighted Avg Shares
3,128
3,167
4,011
3,170
3,370
2,306
1,581
872
706
542
389
280
328
271
387
451
308
Sales/Revenue/Turnover
-5.86
-2.63
-0.23
-5.46
-0.15
-0.21
-1.02
-0.32
-1.74
-0.73
25.37
1.77
-5.18
-36
-29.5
-12.06
-6.33
Operating Margin (%)
104
103
88
27
9
5
5
5
5
9
3
4
13
30
38
37
- -
Depreciation Expense
-225
35
19
-283
19
-177
33
8
-115
48
42
-45
-37
-200
-186
-6
-92
Net Income, GAAP
- -
- -
- -
- -
21.41
- -
- -
19.38
- -
8.8
29.38
- -
- -
- -
- -
479.41
- -
Effective Tax Rate (%)
-7.18
1.09
0.47
-8.92
0.57
-7.69
2.08
0.87
-16.29
8.9
10.7
-15.97
-11.2
-73.8
-48.12
-1.38
-29.79
Profit Margin (%)
-1,111
-1,101
-560
-543
-490
-362
-270
-87
-206
15
71
149
-32
-52
-370
-168
-78
Working Capital
30
- -
- -
- -
- -
- -
- -
200
200
3
- -
- -
218
394
199
315
399
LT Debt
928
913
967
692
712
535
567
574
437
485
527
482
447
246
61
56
56
Total Equity
- -
- -
- -
- -
-0.47
- -
- -
-0.3
- -
-0.53
8.92
- -
- -
- -
- -
34.34
- -
Return on Invested Capital (%)
- -
- -
- -
- -
14.97
- -
- -
16.72
- -
94.72
44.92
- -
- -
- -
- -
161.61
- -
Return on Capital (%)
-59.62
12.26
6.05
-159.16
41.67
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
180
142
LT Borrowings
- -
306
390
LT Finance Leases
- -
9
9
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
514
514
Market Capitalization
3,128
3,035
2,424

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
- -
264
346
Cash, Cash Equivalents & STI
- -
30
67
Accounts Receivable, Net
- -
46
81
Inventories
- -
143
157
Total Current Liabilities
- -
432
424
Payables & Accruals
- -
- -
- -
ST Debt
- -
180
142
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-14.11%
-28.84%
-8.2%
Free Cash Flow
-6.38%
-59.87%
40.06%
Net Income, GAAP
-184.72%
22.96%
-96.67%
Sales/Revenue/Turnover
-11.55%
6.26%
16.67%
Total Cash Common Dividend
27.59%
20.44%
0.71%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
42
124
82
139
387
2025
92
58
- -
126
451
2026
124
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.05
- -
- -
- -
-0.36
2025
0.19
- -
- -
- -
-0.01
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
- -
- -
- -
0.05
2025
0.01
- -
- -
- -
0.05
2026
0.01
- -
- -
- -
- -
Similar Companies
Adeka Corporation (ADKCF)
Advance ZincTek Limited (ANO.AX)
Miwon Commercial Co., Ltd. (002840.KS)
Tronox Pigmentos do Brasil S.A. (CRPG3.SA)
Polyrocks Chemical Co.,LTD (688669.SS)
Lier Chemical Co.,LTD. (002258.SZ)
Business
Shanxi Huayang New Material Co., Ltd. (600281.SS) engages in the production and sale of precious metal catalysts and biodegradable materials primarily in China. The company offers platinum-rhodium catalytic products, platinum catalysts for nitric acid production, palladium alloy adsorption nets, fine wire meshes, ammonia oxidation platinum nets, precious metal catalytic nets, recycled and refined palladium including palladium chloride and palladium nitrate; it also provides polybutylene adipate terephthalate (PBAT) masterbatches, PBAT+starch modified materials, PBAT+calcium carbonate modified materials, fully biodegradable film bags such as shopping and garbage bags, biodegradable disposable tableware, agricultural films, and plastic packaging containers. Founded in 1999 and headquartered in Taiyuan, Shanxi Province, the company operates in the chemicals sector with a focus on specialty materials for industrial catalysis and environmental applications. In June 2021, the company changed its name from Taiyuan Chemical Industry Co., Ltd. to its current name; more recently, it agreed to acquire the remaining 70% stake in Shanxi Huayang Biodegradable New Material Co., Ltd. and full ownership of Shanxi Huayang Biodegradation Technology Co., Ltd. from related parties to consolidate its biodegradable operations. Affiliates including Shanxi Huayang Carbon Materials Technology Co., Ltd., a joint venture with partners such as Shanxi Huayang Capital Holdings Co., Ltd. and Taiyuan Chemical Industry Group Co., Ltd., completed and commenced operation of a 200-ton annual capacity T1000-grade high-performance carbon fiber production line in November 2025, targeting aerospace, wind power, and new energy sectors.