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Shandong Hualu-Hengsheng Chemical Co., Ltd.

Shandong Hualu-Hengsheng Chemical Co., Ltd.

600426.SS
Shandong Hualu-Hengsheng Chemical Co., Ltd.CN flagShanghai Stock Exchange
28.35
CNY
-1.39
- -
59.97BMarket Cap
Shandong Hualu-Hengsheng Chemical Co., Ltd.
600426.SS
(Shanghai Stock Exchange)

Recent

price

28.35

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
2.9
2.48
3.35
4.04
4.64
4.13
3.65
4.94
6.82
6.71
6.2
12.65
14.26
12.88
16.15
14.6
15.6
Revenue per Share
0.16
0.17
0.22
0.23
0.38
0.43
0.42
0.58
1.43
1.16
0.85
3.44
2.96
1.69
1.84
1.56
1.53
Basic EPS, GAAP
-0.37
-0.85
-0.3
0.06
0.36
0.86
-0.13
-0.21
1.26
0.89
0.18
0.58
0.01
-1.89
-0.05
0.26
-2.18
Free Cash Flow per Basic Share
0.11
0.11
0.17
0.22
0.19
0.19
0.13
0.16
0.23
0.24
0.32
0.29
0.86
0.91
1.04
0.7
0.74
Dividend per Share
1.37
1.19
1.38
1.52
1.83
2.16
2.47
3.11
4.4
5.39
5.97
9.07
11.2
12.11
13.04
14.04
13.5
Book Value per Share
2.77
2.29
2.5
2.63
2.99
3.36
3.62
4.16
5.4
6.22
6.81
10.04
12.34
13.46
14.37
15.22
14.89
Tangible Book Value per Share
1,633
2,095
2,093
2,096
2,094
2,094
2,108
2,107
2,106
2,115
2,116
2,114
2,121
2,117
2,120
2,121
2,116
Basic Weighted Avg Shares
4,738
5,195
7,003
8,469
9,710
8,651
7,701
10,408
14,357
14,190
13,115
26,744
30,245
27,260
34,226
30,969
33,014
Sales/Revenue/Turnover
9.33
10.83
11.32
10.38
13.44
15.27
15.28
15.44
26.54
21.16
16.82
32.28
25.28
16.62
15.53
14.78
13.7
Operating Margin (%)
417
438
557
721
860
944
935
971
1,208
1,286
1,299
1,416
1,774
1,901
2,760
3,187
- -
Depreciation Expense
254
355
452
490
804
905
875
1,222
3,020
2,453
1,798
7,271
6,289
3,576
3,903
3,315
3,247
Net Income, GAAP
15.2
15.24
15.19
15.27
15.76
15.25
15.31
15.04
15.31
15.31
15.29
14.9
15.15
15.38
16.68
14.23
17.1
Effective Tax Rate (%)
5.36
6.83
6.45
5.78
8.28
10.46
11.37
11.74
21.03
17.29
13.71
27.19
20.79
13.12
11.4
10.71
9.84
Profit Margin (%)
2,747
-62
756
-490
275
-909
-956
-1,353
342
1,057
-447
4,172
5,011
2,134
1,849
3,120
2,337
Working Capital
3,233
2,640
4,490
3,830
3,844
1,792
2,065
3,115
2,594
1,504
1,175
1,715
3,272
7,361
8,271
8,180
8,560
LT Debt
4,779
5,071
5,522
5,869
6,613
7,375
8,161
9,289
12,070
14,231
15,649
22,722
27,921
30,438
32,828
35,150
33,940
Total Equity
5.35
5.34
6.62
6.78
9.64
10.06
8.77
10.36
20.95
15.21
10.65
33.63
22.63
10.88
10.93
8.85
8.8
Return on Invested Capital (%)
7.31
8.01
9.18
9.04
12.44
13.65
11.98
13.11
25.57
19.05
13.01
39.56
25.22
11.37
10.39
7.86
8.16
Return on Capital (%)
12.25
15.02
16.77
16.08
22.87
21.65
18
20.77
38.14
23.73
14.97
45.73
29.3
14.47
14.65
11.55
11.77
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
1,198
1,232
1,888
LT Borrowings
8,224
9,154
8,514
LT Finance Leases
47
46
46
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2,123
2,123
2,123
Market Capitalization
45,862
46,771
45,861

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
7,374
8,252
8,087
Cash, Cash Equivalents & STI
1,398
2,022
1,884
Accounts Receivable, Net
84
117
83
Inventories
1,319
1,535
1,436
Total Current Liabilities
5,526
5,221
5,750
Payables & Accruals
- -
- -
- -
ST Debt
1,198
1,232
1,888
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
17.43%
18.4%
7.08%
Free Cash Flow
-1,512.15%
-2,855.09%
-586.29%
Net Income, GAAP
37.98%
48.35%
-15.04%
Sales/Revenue/Turnover
17.65%
24.63%
-9.52%
Total Cash Common Dividend
24.82%
34.74%
-32.93%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
7,978
8,997
8,205
9,046
34,226
2025
7,772
7,992
7,416
- -
30,969
2026
8,344
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.5
- -
- -
- -
1.84
2025
0.33
- -
- -
- -
1.56
2026
0.53
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.03
- -
- -
- -
1.04
2025
0.03
- -
- -
- -
0.7
2026
0.04
- -
- -
- -
- -
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Business
Shandong Hualu-Hengsheng Chemical Co., Ltd. manufactures and sells chemical products and fertilizers worldwide, with core operations in nitrogen fertilizers including granular urea, power plant grade ammonium sulfate, caprolactam grade ammonium sulfate and ammonium bicarbonate; organic chemicals such as dimethyl carbonate, ethyl methyl carbonate, diethyl carbonate and oxalic acid; new energy and new materials encompassing caprolactam, adipic acid, nylon chips, nylon 66 high-end materials, ethylene glycol, butanol, ethylhexyl alcohol, butyraldehyde, isobutyraldehyde, industrial melamine and spermed adipate; carbonylation derivatives comprising dimethylformamide, monomethylamine, dimethylamine, trimethylamine and acid anhydride; acetic acid and derivatives including acetic acid, acetic anhydride and methanol; as well as co-products like liquid ammonia, liquid oxygen, liquid argon, nitrous oxide and fly ash brick; and provides industrialization services such as development planning, engineering design, project management and equipment manufacturing. The company, founded in 2000 and headquartered in Dezhou, Shandong Province, China, operates primarily in domestic markets with exports to over 30 countries and maintains five holding subsidiaries under the Hualu Group structure. In recent developments, the company completed the melamine resin monomer material optimization project and nylon 66 high-end new material project in 2024, boosting production capacity; advanced construction on the amide raw material optimization project, 0.2 million tons/year binary acid project, BDO and NMP integration projects; launched three new sustainable product lines including biodegradable plastics and low-emission solvents in 2023; reported record revenue of 34.226 billion yuan for 2024, up 25.55% year-over-year; and initiated a coal-to-olefins project in Heze, Shandong, alongside plans for Southeast Asia and South America expansion.