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Poly Union Chemical Holding Group Co., Ltd. Class A

Poly Union Chemical Holding Group Co., Ltd. Class A

SSZSE:002037
6.52
CNY
+0.17
(+2.68%)
-2.25EPS
3.02BMarket Cap
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
10.41
11.9
9.74
10.38
10.96
12.24
10.3
12.35
12.21
13.12
14.01
13.44
13.83
14.24
Basic EPS, GAAP
0.63
0.67
0.25
0.19
0.31
0.36
0.3
0.26
-0.12
-1.62
-1.37
0.08
-1.75
-1.85
Free Cash Flow per Basic Share
-1.48
-2.29
0.21
2.16
1.01
-1.04
0.23
-1.6
-0.34
-1.07
-1.68
0.28
-0.2
- -
Dividend per Share
0.37
0.64
0.81
0.64
0.5
0.42
0.45
0.61
0.57
0.66
0.69
0.65
0.5
0.48
Book Value per Share
5.39
5.92
6.02
6.16
8.83
6.71
6.9
7.21
6.93
5.34
4.04
4.01
2.27
2.02
Tangible Book Value per Share
4.61
5
5.11
5.23
6.76
5.35
5.59
5.92
5.63
3.02
1.75
1.75
0.05
-0.18
Basic Weighted Avg Shares
327
328
325
326
489
493
488
484
494
485
484
484
484
484
Sales/Revenue/Turnover
3,407
3,907
3,165
3,385
5,355
6,035
5,024
5,980
6,028
6,364
6,777
6,506
6,691
6,888
Operating Margin (%)
12.66
13.57
10.43
10.09
9.75
9.44
11.1
10.53
8.4
0.79
3.41
4.03
1.76
1.68
Depreciation Expense
64
78
109
102
125
139
232
170
189
201
211
218
228
- -
Net Income, GAAP
206
220
81
62
151
177
146
126
-59
-786
-662
38
-849
-895
Effective Tax Rate (%)
22.6
22.82
34.41
35.6
27.67
22.46
26.64
35.4
- -
- -
- -
137.15
- -
- -
Profit Margin (%)
6.05
5.63
2.57
1.83
2.83
2.94
2.91
2.1
-0.98
-12.35
-9.77
0.58
-12.69
-12.99
Working Capital
930
-339
-762
94
2,050
2,200
2,419
2,458
1,894
287
-782
-1,630
-1,316
-1,246
LT Debt
1,495
1,191
930
817
1,064
1,046
956
2,122
1,929
2,122
2,623
2,021
2,909
3,150
Total Equity
2,045
2,267
2,317
2,361
3,467
3,621
4,145
4,476
4,666
3,771
2,929
2,884
1,861
1,678
Return on Invested Capital (%)
6.32
5.24
1.36
1.53
4.06
3.98
2.65
1.86
- -
- -
- -
-0.2
- -
- -
Return on Capital (%)
6.73
6.89
4.29
3.49
4.32
4.32
3.59
2.66
- -
- -
- -
-0.35
- -
- -
Return on Common Equity (%)
12.26
11.87
4.15
3.11
6.18
5.76
4.41
3.66
-1.72
-26.35
-29.21
1.95
-55.92
-62.49

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
2,833
2,901
2,805
LT Borrowings
2,866
2,568
3,100
LT Finance Leases
43
51
49
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
484
484
484
Market Capitalization
4,597
3,886
3,019

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
8,785
7,939
8,282
Cash, Cash Equivalents & STI
1,162
948
1,194
Accounts Receivable, Net
5,557
5,001
5,175
Inventories
308
358
388
Total Current Liabilities
10,101
9,663
9,528
Payables & Accruals
- -
- -
- -
ST Debt
2,833
2,901
2,805
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
0.14%
-14.85%
-35.46%
Free Cash Flow
-31.2%
-20.32%
-173.12%
Net Income, GAAP
-126.73%
-274.76%
-2,331.7%
Sales/Revenue/Turnover
9.19%
2.34%
2.84%
Total Cash Common Dividend
0.6%
-3.28%
-23.45%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
987
1,579
1,652
2,251
6,506
2025
1,217
1,986
- -
2,086
6,691
2026
971
1,845
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.14
0.03
-0.01
0.2
0.08
2025
-0.12
- -
- -
-1.55
-1.75
2026
-0.17
-0.13
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.15
0.15
0.1
0.24
0.65
2025
0.12
0.12
- -
0.15
0.5
2026
0.1
0.1
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Xin Min Zhang
Full Time Employees
7,236
Sector
Industrial services
Industry
Engineering & construction
Address
Building 1 Guiyang GZ China 550081
IPO Date
Sep 8, 2004
Website
poly-union.com
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Business
Poly Union Chemical Holding Group Co., Ltd. engages in the research, development, design, production, sale, distribution, and engineering and technical services of civilian explosive equipment products. Its core product portfolio includes industrial explosives, detonators, detonating cords, and custom-made civil explosive products. The company also provides engineering blasting services, demolition services, transportation of dangerous goods and general cargo, ecological protection, and environmental management services. Its products and services find application across mining, water conservancy and hydropower, infrastructure construction, urban reconstruction, and national defense construction sectors. Founded in 2002 and headquartered in Guiyang, China, Poly Union operates production facilities and sales networks across several provinces including Guizhou, Hunan, Shandong, Henan, Gansu, Tibet, and Xinjiang. Recently, Poly Union Chemical Holding Group has focused on strategic expansion and operational integrations, highlighted by a significant acquisition of a 70% equity stake in Hebei Satellite Chemical Co., Ltd. from Hebei State-owned Asset Holding & Operation Co., Ltd. This November 2021 transaction reflects the company’s efforts to consolidate its market position and broaden its product base. Additionally, the company changed its name from Guizhou Jiulian Industrial Explosive Material Development Co., Ltd. to Poly Union Chemical Holding Group Co., Ltd. in December 2019, marking a reorganization aligned with diversification and growth strategies. The company remains actively engaged in developing its ecological industry operation and environmental management business as part of its broader service offerings. Poly Union Chemical operates segments that include explosive products manufacturing, engineering blasting services, ecological industry management, mining integration, and hazardous materials distribution. It serves both domestic and national markets with a diversified customer base across multiple industrial fields. The company is publicly listed on the Shenzhen Stock Exchange (Ticker: 002037.SZ) and employs over 7,000 personnel, maintaining a high-tech enterprise status within China’s specialty chemicals industry.