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    Chemicals: specialty
Anhui Estone Materials Technology Co. Ltd. Class A

Anhui Estone Materials Technology Co. Ltd. Class A

SSSE:688733
22.58
CNY
-0.72
(-3.09%)
8.26BMarket 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
0.35
0.52
0.96
0.88
1.13
1.11
1.42
1.41
2.77
3.24
2.27
2.52
3.13
- -
Basic EPS, GAAP
-0.01
-0.05
- -
0.04
0.11
0.2
0.38
0.33
0.71
0.79
0.12
0.06
-0.11
- -
Free Cash Flow per Basic Share
-0.3
-0.16
-0.4
-0.1
-0.15
-0.22
-0.34
-0.42
-1.27
-1.9
-2
-1.49
-1.74
- -
Dividend per Share
0.03
0.09
0.09
0.06
0.06
0.06
0.02
0.1
0.01
0.25
0.26
0.17
0.18
0.17
Book Value per Share
0.8
0.77
1.05
1.39
1.57
1.57
3.28
3.55
6.73
11.3
11.2
11.02
10.55
10.45
Tangible Book Value per Share
0.65
0.62
0.91
1.25
1.43
1.49
3.22
3.36
6.59
10.51
10.24
10.08
9.63
9.54
Basic Weighted Avg Shares
52
39
33
63
67
104
117
137
152
186
204
200
201
197
Sales/Revenue/Turnover
18
21
32
55
75
116
165
192
423
603
465
505
630
- -
Operating Margin (%)
-1.76
-13.27
-5.5
9.85
15.63
25.29
28.81
21.93
29.23
25.76
0.59
0.91
-3.07
- -
Depreciation Expense
3
5
6
6
8
10
14
21
32
48
86
110
144
- -
Net Income, GAAP
-1
-2
- -
3
7
21
44
45
108
147
25
12
-22
- -
Effective Tax Rate (%)
129.84
- -
5.53
- -
10.09
13.23
12.69
13.39
12.57
12.39
- -
- -
- -
- -
Profit Margin (%)
-2.85
-9.55
0.42
4.55
9.73
18
26.83
23.45
25.6
24.36
5.28
2.38
-3.51
- -
Working Capital
-19
-16
-10
16
-7
21
235
212
748
1,293
827
753
704
591
LT Debt
- -
10
10
21
12
10
- -
16
21
144
201
470
779
861
Total Equity
54
50
69
92
103
170
448
484
1,225
2,258
2,237
2,213
2,118
2,097
Return on Invested Capital (%)
- -
- -
-4.41
1.13
4.22
10.91
11.86
7.86
12.06
7.42
- -
- -
- -
- -
Return on Capital (%)
- -
- -
0.13
1.86
6.58
12.45
13.72
9.36
12.37
7.86
- -
- -
- -
- -
Return on Common Equity (%)
- -
-3.83
0.22
3.14
7.53
15.39
14.4
9.67
12.66
8.43
1.09
0.54
-1.03
- -

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
144
305
277
LT Borrowings
643
571
730
LT Finance Leases
136
133
131
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
200
200
200
Market Capitalization
5,789
5,136
8,261

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,214
1,232
1,253
Cash, Cash Equivalents & STI
610
558
537
Accounts Receivable, Net
313
355
420
Inventories
167
184
186
Total Current Liabilities
511
681
662
Payables & Accruals
- -
- -
- -
ST Debt
144
305
277
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
51.27%
46.2%
-4.28%
Free Cash Flow
58.34%
65.11%
17.65%
Net Income, GAAP
202.94%
-48.58%
-284.29%
Sales/Revenue/Turnover
39.34%
34.61%
24.89%
Total Cash Common Dividend
490.49%
862.03%
7.74%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
114
125
136
130
505
2025
120
152
- -
195
630
2026
186
225
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.09
0.12
0.05
-0.01
0.06
2025
-0.08
- -
- -
-0.04
-0.11
2026
- -
0.06
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.02
0.12
0.02
0.02
0.17
2025
0.02
0.12
- -
0.02
0.18
2026
0.02
0.13
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Xue Xin Jiang
Full Time Employees
928
Sector
Process industries
Industry
Chemicals: specialty
Address
No. 10, Jinhe Road Bengbu AN China 233400
IPO Date
Aug 17, 2021
Website
estonegroup.com
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Business
Anhui Estone Materials Technology Co., Ltd. (688733.SS) engages in the research, development, production, and sale of advanced inorganic non-metallic composite materials, primarily serving the new energy, electronics, and communications sectors. The company offers lithium battery coating materials for cell diaphragms and electrodes, including boehmite-based products that enhance thermal management and safety; electronic communication functional filling materials such as boomstone, silica powder, spherical aluminum powder, 5G high-frequency copper clad laminate fillers, thermal conductive interface materials, and electronic ink additives; and low-smoke halogen-free flame-retardant materials, including smoke suppression agents, ceramic flame retardants, and B1-rated sheathing solutions. Its products support applications in new energy vehicles, consumer electronics, artificial intelligence, high-speed rail, aeronautics, and chip manufacturing, with exports to international markets and key clients including CATL. Founded in 2006 and headquartered at No. 10, Jinhe Road, Huaiyuan Economic Development Zone, Bengbu City, Anhui Province, China, the company listed on the Shanghai Stock Exchange STAR Market in August 2021. It operates primarily in China with a global market presence, particularly holding approximately 42% share in boehmite shipments as of 2024. In recent developments, the company achieved 31,000 tonnes of boehmite shipments in 2024, up 34% year-over-year, and projects over 40,000 tonnes in 2025 amid improved product structure and capacity utilization. It advanced new product initiatives, including construction of a 20,000 tpa high-purity quartz (HPQ) production line for single-crystal applications, multi-batch verification of low-α spherical alumina leading to anticipated small-batch shipments in 2025, and progress on solid-oxide fuel cell (SOFC) stack pilot production with demonstration projects planned for 2025. On November 24, 2025, its Board of Directors authorized a share buyback plan, while R&D breakthroughs extended to brain-computer interface materials like non-invasive gel electrodes integrated with AI for industrial and healthcare uses.