Zhejiang Guanghua Technology Co., Ltd. Class A
SSZSE:00133319.26
CNY
+0.30
(+1.58%)
ISIN
CNE100005NH2
Return %
Stock
S&P 500
1Y
-22.77
13.14
3Y
-7.09
80.78
5Y
- -
67.74
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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CNY
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in mil. unless spec.Company Description
- CEO
- Chun Hai Yao
- Full Time Employees
- 384
- Sector
- Process industries
- Industry
- Chemicals: specialty
- Address
- No.3-1 East HuanYuan Road Jiaxing ZH China 314412
- IPO Date
- Dec 8, 2022
- Website
- khua.com
- Similar Companies
- Business
- Zhejiang Guanghua Technology Co., Ltd. specializes in the research, development, production, and sales of polyester resin products primarily for the powder coatings industry. Its core products include saturated polyester resins for powder coatings, outdoor polyester resins, indoor polyester resins, low-temperature curing resins, high-leveling resins, and specialty resin formulations. The company’s polyester resin products serve multiple applications across building materials, general industry, home appliances, furniture, automotive, and 3C (computer, communication, and consumer electronics) products. Operating under the trade name KHUA®, it offers over 200 product grades from its two manufacturing sites in Zhejiang, China, with a current production capacity exceeding 219,000 tons annually. The company's products also include Tg, catalyst masterbatches for hybrid and TGIC systems, tribo-gun additive masterbatches, and hydroxyl-terminated polyester resins designed for optimized performance in powder coating applications. Founded in 1999 and headquartered in Haining City, Zhejiang Province, China, Zhejiang Guanghua Technology has developed a strong technological base supported by a first-class R&D center equipped with advanced laboratory facilities and top technical expertise. The company holds a significant position in the saturated polyester resin market, ranking among the industry leaders in production and sales for powder coating resins in China. Recent strategic developments include an expansion of its global production footprint through plans to establish wholly-owned subsidiaries in Singapore and Hong Kong, alongside a joint venture to build an overseas factory in Thailand with an investment of approximately $28 million. This move aims to boost international market service capabilities and expand production capacity for polyester resins used in powder coatings. In addition, Zhejiang Guanghua has entered a significant strategic partnership with BASF, formalized by a Letter of Intent for the supply of Neopentyl Glycol (NPG) from BASF’s Zhanjiang Verbund site. This collaboration supports Guanghua’s ongoing construction of a high-end polyester resin plant with a projected annual capacity of 100,000 tons, targeting advanced powder coating applications and sustainability goals by reducing volatile organic compounds (VOCs). In 2024, the company reported a 39.1% year-on-year increase in net income, reflecting growth within its core business segments, despite minor revenue fluctuations in early 2025. The company continues to expand its product offerings and operational capacity, reflecting its commitment to innovation, quality, and global market penetration within the chemical manufacturing industry focused on high-performance polyester resins for powder coatings. Overall, Zhejiang Guanghua Technology Co., Ltd. operates primarily in China and Southeast Asia, targeting industrial and commercial customers in diverse sectors requiring advanced polyester resin solutions, and continues to pursue strategic investments and partnerships to enhance its competitive position internationally.