1. China Stocks

  2. •

    Utilities

  3. •

    Electric utilities
Jiangsu Eastern Shenghong Co., Ltd. Class A

Jiangsu Eastern Shenghong Co., Ltd. Class A

SSZSE:000301
11.89
CNY
+0.15
(+1.28%)
0.69EPS
16.56P/E
75.70BMarket Cap
Oct 28Next Earn
Jiangsu Eastern Shenghong Co., Ltd. Class A
SZSE:000301
(Shenzhen Stock Exchange)

Recent

price

11.89

P/E

ratio

16.56

div

yld

5.24%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
0.72
0.85
0.71
0.84
0.64
0.57
0.65
13.56
7.23
6.17
6.15
8.87
10.45
21.54
20.98
18.78
20.34
Revenue per Share
0.06
0.09
0.13
0.27
0.18
0.14
0.12
1.19
0.3
0.4
0.14
0.77
0.1
0.11
-0.35
0.02
0.69
Basic EPS, GAAP
-0.03
0.13
0.25
0.12
-0.28
-0.06
0.3
0.33
-0.03
-0.2
-2.67
-6.12
-5.03
-2.37
-0.34
1.11
- -
Free Cash Flow per Basic Share
0.03
0.09
0.03
0.06
0.07
0.07
0.07
0.79
0.1
0.21
0.4
0.64
0.83
0.8
0.83
0.65
0.62
Dividend per Share
2.07
2.1
2.21
2.43
2.56
2.66
2.84
5.41
3.9
3.48
4.97
5.72
5.49
5.36
5.15
5.16
5.87
Book Value per Share
1.87
1.92
1.95
2.28
2.18
2.21
2.54
4.96
3.45
2.95
4.24
4.94
4.7
4.52
4.3
4.33
5.04
Tangible Book Value per Share
1,276
1,260
1,225
1,223
1,218
1,219
1,228
1,202
3,218
4,034
5,476
5,942
6,110
6,518
6,562
6,687
6,586
Basic Weighted Avg Shares
917
1,073
875
1,027
785
694
793
16,299
23,264
24,888
33,699
52,690
63,873
140,440
137,675
125,587
133,957
Sales/Revenue/Turnover
20.26
17.98
18.96
23.7
31.17
34.11
25.9
11.86
10.34
9.11
5.7
13.96
4.78
4.19
1.4
3.21
7.46
Operating Margin (%)
91
83
77
77
83
82
90
715
980
1,157
1,912
2,109
2,518
4,871
7,238
7,970
- -
Depreciation Expense
77
113
159
330
225
167
147
1,429
965
1,614
767
4,575
611
717
-2,297
134
4,553
Net Income, GAAP
33.57
28.19
24.21
26.03
27.6
33.85
30.14
18.18
24.79
15.41
24.85
15.97
- -
- -
- -
- -
19.83
Effective Tax Rate (%)
8.35
10.57
18.2
32.14
28.67
24.04
18.58
8.77
4.15
6.48
2.28
8.68
0.96
0.51
-1.67
0.11
3.4
Profit Margin (%)
803
544
442
776
945
761
458
-1,668
-837
-2,832
1,420
-14,773
-22,864
-49,290
-55,173
-57,141
-61,312
Working Capital
54
47
40
2
306
554
297
574
1,410
3,280
24,800
57,287
72,992
68,461
68,438
65,943
56,216
LT Debt
2,545
2,559
2,694
2,964
3,128
3,244
3,467
6,600
15,708
15,300
30,147
29,447
36,345
35,492
37,472
38,208
42,920
Total Equity
2.08
3.63
5.65
7.34
6.4
4.58
3.81
18.93
5.56
6.51
1.78
5.94
- -
- -
- -
- -
2.52
Return on Invested Capital (%)
3.37
4.5
6.12
11.5
7.26
4.9
4.33
19.43
6.58
8.16
2.32
5.87
- -
- -
- -
- -
4.32
Return on Capital (%)
3.08
4.46
6.07
11.68
7.4
5.24
4.4
28.41
8.66
10.86
4.03
17.7
1.91
2
-6.61
0.39
12.41
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
72,781
83,479
86,085
LT Borrowings
63,172
55,819
52,105
LT Finance Leases
2,771
4,195
4,111
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
6,611
6,611
6,611
Market Capitalization
71,996
70,410
75,699

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
37,748
42,676
42,007
Cash, Cash Equivalents & STI
13,116
16,494
20,622
Accounts Receivable, Net
2,992
4,239
2,863
Inventories
17,037
17,939
15,240
Total Current Liabilities
94,890
103,956
103,319
Payables & Accruals
- -
- -
- -
ST Debt
72,781
83,479
86,085
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
35.6%
5.26%
1.96%
Free Cash Flow
127.88%
-86.88%
-432.12%
Net Income, GAAP
74.16%
-19.74%
-105.82%
Sales/Revenue/Turnover
224.12%
37.34%
-8.78%
Total Cash Common Dividend
131.87%
18.65%
-20.33%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
36,739
36,095
35,468
29,373
137,675
2025
30,309
30,607
- -
33,426
125,587
2026
32,022
37,902
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.04
0.01
-0.26
-0.13
-0.35
2025
0.05
0.01
- -
- -
0.02
2026
0.22
0.46
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.2
0.28
0.19
0.17
0.83
2025
0.17
0.16
- -
0.15
0.65
2026
0.16
0.14
- -
- -
- -
Similar Companies
Vistra Corp. (NYSE:VST)
Constellation Energy Corporation (NASDAQ:CEG)
NextEra Energy, Inc. (NYSE:NEE)
Adani Energy Solutions Ltd (NSE:ADANIENSOL)
NTPC Limited (NSE:NTPC)
Adani Power Limited (NSE:ADANIPOWER)
Business
Jiangsu Eastern Shenghong Co., Ltd. (000301.SZ) engages in the research, development, production, and sale of petrochemicals, new chemical materials, polyester filaments, and chemical fibers. Founded in 1998 and headquartered in Jiangsu province, China, the company operates world-leading vertically integrated industry chains with industrial bases primarily in China and sales in domestic and overseas markets. Its main products include refined oil products; olefins such as ethylene, propylene; aromatics including benzene, p-xylene (PX), styrene; downstream chemicals like ethylene glycol, PTA, EVA, ultra-high molecular weight polyethylene (UHMWPE), acrylonitrile, methyl methacrylate, ethylene oxide, vinyl acetate, phenol, acetone, propylene oxide, polyether polyols; polyester products comprising POY, FDY, DTY; and thermoelectricity. The company serves industries including oil refining, petrochemicals, chemical fibers, new energy materials, and performance chemicals, with a focus on high-end, digital, low-carbon development across new energy, new materials, electronic chemistry, and biotechnology segments. Recent major changes encompass a planned RMB2-4 billion shareholding increase by its controlling shareholder Jiangsu Shenghong Technology Co., Ltd. and concerted parties through Shenzhen Stock Exchange bidding from November 2024; capital increase and share expansion at subsidiary Jiangsu Guowang Hi-Tech Fiber Co., Ltd., introducing new investors and diluting ownership to bolster competitiveness; strategic talks with Saudi Aramco for crude oil supply, feedstocks, and expansion projects; and ongoing investments in the 16 million tons/year refining-chemical integration, 2.4 million tons/year MTO, and 700,000 tons/year PDH units to enhance scale and anti-cyclical operations.