Dongguang Chemical Ltd.

Dongguang Chemical Ltd.

HHKEX:1702
1.70
HKD
-0.10
(-5.56%)
1.18BMarket Cap
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
2.23
3
3.17
3.46
3.69
3.42
3.15
4.64
5.04
4.7
4.15
3.84
- -
Basic EPS, GAAP
0.14
0.17
0.04
0.09
0.16
0.26
0.2
0.43
0.31
0.31
0.14
0.23
- -
Free Cash Flow per Basic Share
0.02
0.25
0.27
0.23
0.58
0.53
0.22
0.44
0.42
0.49
-0.11
-0.01
- -
Dividend per Share
- -
0.28
- -
- -
0.02
0.03
0.05
0.04
0.08
0.07
0.07
0.03
- -
Book Value per Share
1.63
1.56
1.61
1.47
1.61
1.84
1.98
2.36
2.59
2.83
2.91
3.09
3.09
Tangible Book Value per Share
1.41
1.36
1.42
1.33
1.47
1.84
1.98
2.36
2.59
2.83
2.91
3.09
3.09
Basic Weighted Avg Shares
620
620
460
537
620
621
621
621
621
621
621
621
621
Sales/Revenue/Turnover
1,384
1,859
1,458
1,859
2,286
2,122
1,956
2,881
3,131
2,921
2,575
2,384
- -
Operating Margin (%)
12.46
20.65
7.38
6.57
9.42
12.13
9.12
13.71
8.74
8.95
3.81
5.96
- -
Depreciation Expense
99
142
146
146
151
155
163
163
134
136
136
142
- -
Net Income, GAAP
89
108
19
47
100
162
125
266
194
190
85
140
- -
Effective Tax Rate (%)
25.14
48.15
49.04
34.37
39.89
26.62
26.24
28.36
26.82
27.75
29.76
21.85
- -
Profit Margin (%)
6.44
5.81
1.29
2.52
4.36
7.61
6.4
9.24
6.21
6.51
3.29
5.87
- -
Working Capital
-333
-498
-297
-339
-193
-50
28
370
600
822
813
756
756
LT Debt
489
283
365
102
69
28
38
28
28
28
28
28
28
Total Equity
748
718
740
911
998
1,145
1,234
1,479
1,620
1,767
1,811
1,934
1,934
Return on Invested Capital (%)
- -
7.48
0.91
2.69
7.5
11.65
8.26
17.86
12.25
10.87
3.77
5.83
- -
Return on Capital (%)
- -
9.16
3.24
5
7.71
11.57
8.63
17.05
11.57
10.89
4.63
7.39
- -
Return on Common Equity (%)
- -
14.75
2.58
5.68
10.44
15.09
10.55
19.73
12.64
11.29
4.75
7.52
- -

Capital Structure

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
- -
13
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
28
29
28
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
621
621
621
Market Capitalization
1,156
967
1,061

Working Capital

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
987
1,073
989
Cash, Cash Equivalents & STI
702
753
578
Accounts Receivable, Net
6
2
20
Inventories
86
87
98
Total Current Liabilities
175
257
233
Payables & Accruals
- -
- -
- -
ST Debt
- -
13
- -
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
10.6%
9.55%
6.79%
Free Cash Flow
- -
-19.38%
-88.22%
Net Income, GAAP
31.21%
18.65%
65.5%
Sales/Revenue/Turnover
4.39%
6%
-7.44%
Total Cash Common Dividend
- -
2.06%
-53.92%

Semi-annual Revenue

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
2,921
2024
- -
- -
2,575
2025
- -
- -
2,384

Semi-annual Earnings Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.31
2024
- -
- -
0.14
2025
- -
- -
0.23

Semi-annual Dividends Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.07
2024
- -
- -
0.07
2025
- -
- -
0.03

Company Description

CEO
Jian Ming Guo
Full Time Employees
1,225
Sector
Process industries
Industry
Chemicals: agricultural
Address
Chengdong Industrial Zone Dongguang BJ China 100029
IPO Date
Jul 11, 2017
Business
Dongguang Chemical Limited operates as an investment holding entity primarily involved in the production and distribution of urea within the People's Republic of China. The company specializes in manufacturing coal-based urea, a vital nitrogen source utilized extensively in agricultural fertilizers, as well as for various industrial applications such as the creation of adhesives, coatings, plastics, and cosmetic products. Beyond its core urea output, the group also generates and supplies several by-products, including vehicle urea solution, methanol, liquid carbon dioxide, liquid ammonia, compound fertilizer, and liquefied natural gas. With an operational history spanning over four decades in Hebei Province, the company's two modern production facilities are strategically located in Dongguang County, Cangzhou City. These sites are positioned to benefit from efficient raw material sourcing and product distribution across northern China, serving key markets in regions including Beijing, Tianjin, and other surrounding provinces. The company's predecessor, Hebei Dongguang Huafei Factory, was established in 1970 and later underwent privatization and reorganization in 1998, with the current group operating in the urea industry since 2001. In June 2015, the firm adopted its present name, transitioning from its former identity as Sino-coal Chemical Limited. The company, headquartered in Cangzhou, People's Republic of China, has reported a decrease in net profit for the year ended 2024, largely due to a decline in urea's average selling prices, impacting its overall financial performance.