Shanghai Haoyuan Chemexpress Co. Ltd. Class A

Shanghai Haoyuan Chemexpress Co. Ltd. Class A

SSSE:688131
83.99
CNY
+1.97
(+2.40%)
1.18EPS
76.13P/E
20.17BMarket Cap
Oct 30Next Earn
2013 Y
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
14.25
16.29
1.69
2.01
0.93
2.38
2.76
4.14
5.44
6.66
9
10.81
13.56
14.94
Basic EPS, GAAP
0.56
0.77
0.16
0.31
0.08
0.15
0.46
0.84
1.07
0.95
0.61
0.96
1.13
1.24
Free Cash Flow per Basic Share
-0.53
-1.35
-0.04
-0.23
0.01
-0.06
0.25
0.3
-1.29
-4.03
-1.55
0.37
0.45
- -
Dividend per Share
0.2
0.08
0.07
0.12
- -
0.02
0.17
0.02
0.01
0.23
0.31
0.22
0.37
0.37
Book Value per Share
0.08
0.26
0.26
0.44
0.91
1.35
2.62
3.43
8.93
11.11
11.92
13.64
14.79
15.54
Tangible Book Value per Share
0.08
0.26
0.25
0.44
0.9
1.15
2.45
3.21
8.66
9.19
9.92
11.68
12.28
13.09
Basic Weighted Avg Shares
4
4
54
58
187
126
148
153
178
204
209
210
212
212
Sales/Revenue/Turnover
59
67
92
117
174
300
409
635
969
1,358
1,880
2,270
2,877
3,171
Operating Margin (%)
3.48
4.79
8.96
16.05
15.48
12.73
100
29.89
25.76
17.36
13.89
19.08
18.38
18.9
Depreciation Expense
- -
1
1
2
2
4
1
8
38
66
123
163
171
- -
Net Income, GAAP
2
3
9
18
15
18
68
128
191
194
127
202
240
264
Effective Tax Rate (%)
9.72
- -
6.92
10.86
7.19
23.28
12.95
13.58
9.04
3.52
1.47
16.96
16
13.73
Profit Margin (%)
3.96
4.7
9.28
15.39
8.63
6.13
16.53
20.22
19.7
14.26
6.78
8.88
8.34
8.32
Working Capital
7
28
24
49
97
146
302
327
1,269
1,001
1,024
1,915
2,010
2,168
LT Debt
- -
- -
- -
- -
- -
- -
- -
82
165
366
398
1,247
1,243
1,263
Total Equity
10
33
33
56
115
178
401
524
1,836
2,332
2,526
2,904
3,186
3,349
Return on Invested Capital (%)
- -
- -
17.14
25.25
14.28
10.37
22.69
22.58
13.88
7.55
3.85
4.67
4.85
4.9
Return on Capital (%)
- -
- -
21.05
30.13
14.92
11.32
21.56
23.32
14.66
8.11
4.64
5.52
5.73
6.19
Return on Common Equity (%)
- -
14.73
25.96
40.66
17.58
12.6
23.39
27.78
16.28
9.35
5.28
7.48
7.98
8.42

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
992
1,045
1,137
LT Borrowings
970
1,032
988
LT Finance Leases
273
269
275
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
212
212
213
Market Capitalization
15,288
14,701
20,172

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
3,788
4,009
4,179
Cash, Cash Equivalents & STI
1,551
1,646
1,619
Accounts Receivable, Net
646
685
800
Inventories
1,406
1,514
1,585
Total Current Liabilities
1,778
1,857
2,011
Payables & Accruals
- -
- -
- -
ST Debt
992
1,045
1,137
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
69.79%
62.08%
9.69%
Free Cash Flow
-125.54%
-101.42%
23.83%
Net Income, GAAP
56.73%
18.61%
18.96%
Sales/Revenue/Turnover
41.87%
35.73%
26.73%
Total Cash Common Dividend
343.42%
506.32%
65.85%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
505
551
564
651
2,270
2025
606
705
- -
818
2,877
2026
729
919
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.08
0.25
0.35
0.28
0.96
2025
0.3
0.42
- -
0.01
1.13
2026
0.32
0.48
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.03
0.14
0.04
0.01
0.22
2025
0.03
0.19
- -
0.12
0.37
2026
0.03
0.03
- -
- -
- -

Company Description

CEO
Bao Fu Zheng
Full Time Employees
4,195
Sector
Process industries
Industry
Chemicals: specialty
Address
No. 3 Building, No. 1999 Shanghai SH China 201203
IPO Date
Jun 8, 2021
Business
Shanghai Haoyuan Chemexpress Co., Ltd. specializes in research, development, and manufacturing of pharmaceutical intermediates and small molecule drugs. Its product portfolio includes active pharmaceutical ingredients (APIs), API intermediates, vitamin D series compounds, contract research organization (CRO) building blocks, and life bioscience compounds. The company also offers end-to-end contract development and manufacturing organization (CDMO) services for small molecules and new modalities such as antibody-drug conjugates (ADCs), peptides, and proteolysis targeting chimeras (PROTACs). Its comprehensive services cover discovery to commercialization support, manufacturing and supply of regulatory starting materials, novel building blocks, intermediates, reference compounds, APIs, and drug products. Founded in 2006 and headquartered in Shanghai, China, Shanghai Haoyuan Chemexpress operates globally with a focus on pharmaceutical and biotech industries. It has expanded its operational footprint with the recent opening of a new GMP ADC One-Stop CDMO manufacturing site in Chongqing in March 2025. This 56,000 square meter state-of-the-art facility enhances its capability to provide integrated ADC/XDC CDMO solutions, including antibody drug substance GMP manufacturing with an annual design capacity of 8,000 liters, payload-linker GMP manufacturing with over 80 different payloads, bioconjugation, and drug product manufacturing. The company has made significant strides in expanding its production capacity and service offerings. In 2025, its reported operating revenue increased by 24.2% year-over-year to RMB 1.311 billion in the first half, with substantial net profit growth. Strategic investments in R&D account for approximately 10% of revenue, supporting innovation in chemical synthesis, novel compounds, and complex chiral molecules. Its business model emphasizes a “product+service” approach to accelerate drug development timelines and support commercialization globally. Shanghai Haoyuan Chemexpress maintains strong quality compliance systems aligned with ICH guidelines, ISO 9001 certifications, and GMP standards, ensuring high regulatory standards across its production sites. It serves a broad customer base including pharmaceutical developers, biotech firms, and global partners across more than 35 countries, positioning itself as a leader in specialty chemicals and pharmaceutical intermediates. The company is publicly listed on the Shanghai Stock Exchange under ticker 688131.SS. Its strategic focus on innovation, high-quality manufacturing, and expanding capacities in cutting-edge areas like ADCs reflects its commitment to supporting complex drug development and manufacturing needs worldwide.