Shanghai Skychem Technology Co., Ltd. Class A

Shanghai Skychem Technology Co., Ltd. Class A

SSSE:688603
86.49
CNY
+0.63
(+0.73%)
0.85EPS
243.80P/E
25.94BMarket Cap
Oct 28Next Earn
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
1.34
4.58
4.11
4
3.07
3.06
3.75
4.46
Basic EPS, GAAP
0.18
0.69
0.49
0.58
0.53
0.6
0.69
0.85
Free Cash Flow per Basic Share
-0.04
-0.07
-0.29
0.25
0.43
0.24
-0.72
- -
Dividend per Share
- -
0.5
- -
0.11
- -
0.16
0.2
0.06
Book Value per Share
1.39
2.05
4.23
5.17
13.01
13.31
9.58
9.96
Tangible Book Value per Share
1.39
2.05
4.23
4.57
12.58
13.1
8.99
9.3
Basic Weighted Avg Shares
126
56
91
94
110
124
126
124
Sales/Revenue/Turnover
168
257
375
374
339
381
471
555
Operating Margin (%)
19.11
18.43
100
17.15
18.42
19.11
20.18
20.63
Depreciation Expense
1
2
3
8
8
10
12
- -
Net Income, GAAP
23
39
45
55
59
75
87
106
Effective Tax Rate (%)
17.17
13.27
12.99
11.71
13.36
14.25
14.11
10.08
Profit Margin (%)
13.7
15.07
11.98
14.59
17.28
19.62
18.4
19.11
Working Capital
77
174
231
252
1,014
1,031
1,010
996
LT Debt
- -
28
25
24
27
23
- -
- -
Total Equity
84
186
264
327
1,097
1,122
1,216
1,262
Return on Invested Capital (%)
- -
25.66
17.86
17
7.96
6.59
7.32
8.5
Return on Capital (%)
- -
24.94
17.99
17.23
8.03
6.65
7.36
8.64
Return on Common Equity (%)
- -
28.7
19.98
18.47
8.23
6.73
7.48
8.9

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
13
21
45
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
125
125
125
Market Capitalization
9,349
9,847
25,936

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,136
1,150
1,182
Cash, Cash Equivalents & STI
748
730
722
Accounts Receivable, Net
224
247
267
Inventories
65
57
70
Total Current Liabilities
126
117
186
Payables & Accruals
- -
- -
- -
ST Debt
13
21
45
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
62.46%
8.4%
Free Cash Flow
- -
0.87%
-406.48%
Net Income, GAAP
- -
17.64%
16.07%
Sales/Revenue/Turnover
- -
14.45%
23.72%
Total Cash Common Dividend
- -
- -
27.94%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
80
93
100
108
381
2025
102
112
- -
137
471
2026
145
162
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.14
0.15
0.17
0.14
0.6
2025
0.15
0.14
- -
0.21
0.69
2026
0.24
0.25
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
0.02
- -
0.16
2025
- -
- -
- -
- -
0.2
2026
- -
0.06
- -
- -
- -

Company Description

CEO
Mao Jun Tong
Full Time Employees
265
Sector
Process industries
Industry
Chemicals: specialty
Address
Shanghai China
IPO Date
Jul 10, 2023
Business
Shanghai Skychem Technology Co., Ltd., formerly known as Guangdong Skychem Technology Co., Ltd., is a China-based specialty chemical company that develops, manufactures, and markets functional wet electronic chemicals primarily for electronic circuit boards, advanced semiconductor packaging, display panels, and new energy applications. The company's product portfolio is organized into core electronic chemical categories, including: electroless copper deposition solutions and horizontal plated-through-hole chemical systems; electroplating copper additives and formulations for high-density interconnect boards, integrated circuit carrier substrates, through-silicon via, and through-glass via metallization; copper surface treatment agents, comprising micro-etching chemicals, brown oxide adhesion promoters, and anti-tarnish treatments; and specialty interface treatment chemicals engineered for polyimide, polyethylene terephthalate, and Ajinomoto Build-up Film surface metallization. Shanghai Skychem Technology Co., Ltd. serves printed circuit board fabricators, semiconductor packaging and testing providers, and electronics manufacturers across telecommunications, automotive electronics, artificial intelligence hardware, and high-performance computing sectors. Founded in 2010 and headquartered in Shanghai, China, the company operates research, development, and manufacturing facilities across mainland China—including Jiangsu and Guangdong provinces—and maintains an international operational presence through its overseas manufacturing subsidiary, Skychem Technology (Thailand) Co., Ltd. In recent developments, the company completed a corporate name change and restructuring from Guangdong Skychem Technology Co., Ltd. to Shanghai Skychem Technology Co., Ltd. in July 2025; established its overseas production base in Thailand with an initial investment of CNY 100 million to expand supply capabilities across Southeast Asia; accelerated the commercial rollout of proprietary wet chemicals for through-glass via and glass-core substrate packaging; and initiated plans to pursue an H-share secondary listing on the Hong Kong Stock Exchange to diversify capital access and accelerate global market expansion.