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    Chemicals: specialty
Red Avenue New Materials Group Co., Ltd. Class A

Red Avenue New Materials Group Co., Ltd. Class A

37.84
HKD
-0.50
(-1.30%)
0.89EPS
Oct 27Next Earn
Red Avenue New Materials Group Co., Ltd. Class A
HKEX:9607
(Hong Kong Exchange)

Recent

price

37.84

P/E

ratio

- -

div

yld

2.50%

ROIC.AI

2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
2.33
2.04
2.24
2.36
2.55
2.44
2.28
2.55
2.74
3.21
3.55
3.74
4.5
Revenue per Share
0.19
0.1
0.34
0.39
0.48
0.37
0.46
0.36
0.33
0.44
0.56
0.61
0.76
Basic EPS, GAAP
- -
0.21
0.27
0.26
0.22
0.38
0.1
-0.39
-0.28
0.02
-0.01
0.03
- -
Free Cash Flow per Basic Share
0.14
0.37
0.23
0.21
0.03
0.25
0.27
0.27
0.14
0.14
0.64
0.43
0.82
Dividend per Share
0.61
0.53
1.25
1.45
2.53
2.51
2.73
3.04
3.33
3.71
3.65
4.44
4.45
Book Value per Share
0.48
0.43
1.15
1.36
2.31
2.37
2.59
2.47
2.44
2.84
2.71
3.55
3.56
Tangible Book Value per Share
766
766
774
804
853
904
898
910
913
916
921
917
854
Basic Weighted Avg Shares
1,788
1,560
1,733
1,901
2,175
2,208
2,046
2,320
2,500
2,944
3,270
3,429
3,840
Sales/Revenue/Turnover
10.78
10.98
21.17
22.24
22.26
20.17
18.68
9.51
8.15
8.97
9.83
9.95
11.52
Operating Margin (%)
- -
42
40
42
47
64
60
98
129
147
161
191
- -
Depreciation Expense
144
77
263
315
412
331
410
327
298
407
517
563
648
Net Income, GAAP
14.09
35.66
17.63
16.67
17.17
15.3
8.67
7.49
8.13
5.36
2.9
3.94
3.29
Effective Tax Rate (%)
8.07
4.91
15.16
16.56
18.96
14.97
20.06
14.07
11.93
13.81
15.8
16.41
16.88
Profit Margin (%)
147
84
665
824
1,405
262
168
15
259
736
169
63
-455
Working Capital
88
68
38
- -
- -
- -
111
870
1,473
1,857
2,001
1,713
1,340
LT Debt
540
425
1,026
1,198
2,309
2,415
2,613
2,843
3,142
3,505
3,459
4,259
4,317
Total Equity
- -
10.65
27.89
23.12
19.67
9.98
11.35
6.91
5.23
6.77
6.66
7.82
8.48
Return on Invested Capital (%)
- -
11.93
25.84
22.95
20.66
11.96
11.82
9.28
7.26
8.2
8.76
8.45
9.2
Return on Capital (%)
- -
17.56
37.15
28.92
23.93
14.61
17.48
12.49
10.24
12.61
15.28
14.92
16.99
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
2,125
2,602
2,778
LT Borrowings
1,676
1,413
1,311
LT Finance Leases
37
32
30
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
944
944
944
Market Capitalization
- -
- -
- -

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
3,137
3,307
3,245
Cash, Cash Equivalents & STI
1,240
1,216
1,062
Accounts Receivable, Net
814
942
1,049
Inventories
581
577
582
Total Current Liabilities
3,074
3,592
3,700
Payables & Accruals
- -
- -
- -
ST Debt
2,125
2,602
2,778
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
31.65%
10.54%
23.11%
Free Cash Flow
-105.98%
-218.38%
-289.16%
Net Income, GAAP
34.12%
8.64%
8.86%
Sales/Revenue/Turnover
8.42%
10.97%
4.85%
Total Cash Common Dividend
90.3%
58.24%
-32.3%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
782
794
849
845
3,270
2025
856
799
- -
905
3,429
2026
1,049
1,087
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.16
0.18
0.14
0.09
0.56
2025
0.18
0.32
- -
0.07
0.61
2026
0.2
0.22
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.02
0.41
0.02
0.18
0.64
2025
0.03
0.54
- -
0.03
0.43
2026
0.02
0.35
- -
- -
- -
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Business
Red Avenue New Materials Group Co., Ltd. is a leading Chinese chemical materials manufacturer specializing in the production and sale of specialty additives primarily for the rubber and tire industries. Founded in 1999 and headquartered in Shanghai, the company offers a comprehensive portfolio of products including tackifying resins, phenol-formaldehyde reinforcing resins, adhesive resins, leveling agents, vulcanized resins, tread resins, electronic phenolics, liquid phenolic resin, powder resins, and various chemical additives such as rubber and plastic processing aids, accelerators, cobalt, wax, silica, and processing oils. Its main product lines serve markets including automotive, medical, electronics, and environmental protection sectors across more than 40 countries worldwide. Significant recent developments include the initiation of a strategic cooperation and joint venture to build a rubber additives manufacturing plant in Rayong, Thailand, with an investment of USD 70 million. This facility, expected to be operational by 2027, will have an annual production capacity of 30,000 tons and is designed to enhance Red Avenue's global sales capabilities and responsiveness to international market dynamics. The venture is partly owned by Red Avenue (51%) and Gold Dynasty (49%), a business affiliated with the company's chairwoman and controlling shareholder. The company also maintains a strategic partnership with BASF to produce and sell certified compostable co-polyester (PBAT) in China, which further underscores its commitment to sustainable material innovation. Additionally, Red Avenue has expanded its market presence through acquisitions such as a European composite materials firm and a strategic partnership with Marangoni, a European tire renovation materials supplier. Red Avenue operates three manufacturing plants and two national R&D centers located in China, supporting its technological innovation and manufacturing strength. Its specialty additives for tires remain the core revenue driver, contributing approximately 78% of total revenue, with key clients including global tire manufacturers such as Bridgestone, Michelin, and Pirelli. The company's manufacturing capacity includes the largest production of para-tertiary butyl phenol (PTBP) in Asia, and it continues to deepen its international footprint, particularly in Southeast Asia and Europe, while actively investing in green and advanced materials development aligned with its corporate vision of promoting sustainable development in the new materials industry. The company reported steady revenue growth with strategic initiatives to diversify product offerings and expand production capabilities to meet global demand. Red Avenue New Materials Group Co., Ltd. is a publicly listed company under ticker 603650.SS on the Shanghai Stock Exchange, with a significant insider ownership structure and a strong commitment to both technological and management innovation.