1. China Stocks

  2. •

    Distribution services

  3. •

    Wholesale distributors
Xinjiang Zhongtai Chemical Co., Ltd. Class A

Xinjiang Zhongtai Chemical Co., Ltd. Class A

SSZSE:002092
4.15
CNY
+0.01
(+0.24%)
9.92BMarket Cap
Oct 28Next 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
9.95
8.48
11.04
12.02
18.3
31.31
38.73
39.21
27.05
20.06
14.41
11.69
11.14
- -
Basic EPS, GAAP
0.09
0.25
0.02
0.95
1.07
1.08
0.18
0.07
1.18
0.3
-1.11
-0.38
-0.11
- -
Free Cash Flow per Basic Share
-0.62
-0.31
-1.56
-0.34
0.07
0.95
1.54
2.31
1.21
0.01
-0.04
1.14
0.11
- -
Dividend per Share
0.89
0.71
0.67
0.67
0.66
0.77
0.8
0.57
0.48
0.49
0.44
0.32
0.31
0.21
Book Value per Share
6.08
6.26
7.35
7.59
8.56
8.82
8.91
8.82
9.81
9.92
8.76
8.41
8.31
8.34
Tangible Book Value per Share
5.78
5.83
6.89
7.29
8.21
8.47
8.57
8.48
9.44
9.5
8.36
7.9
7.82
7.87
Basic Weighted Avg Shares
1,211
1,318
1,491
1,943
2,244
2,243
2,147
2,148
2,325
2,576
2,576
2,576
2,576
2,575
Sales/Revenue/Turnover
12,046
11,177
16,471
23,362
41,059
70,223
83,144
84,215
62,893
51,662
37,118
30,123
28,696
- -
Operating Margin (%)
6.85
9.94
6.45
14.03
9.46
5.83
2.39
1.7
8.07
4.55
-1.75
2.4
4.68
- -
Depreciation Expense
1,502
950
1,235
1,476
1,554
1,628
1,833
1,977
2,282
2,692
2,809
3,190
3,524
- -
Net Income, GAAP
114
332
30
1,843
2,402
2,428
383
145
2,748
776
-2,865
-977
-289
- -
Effective Tax Rate (%)
25.1
15.94
23.32
14.28
16.27
14.77
49.05
127.49
15.71
17.84
- -
- -
- -
- -
Profit Margin (%)
0.94
2.97
0.18
7.89
5.85
3.46
0.46
0.17
4.37
1.5
-7.72
-3.24
-1.01
- -
Working Capital
37
-4,702
-3,925
-2,927
-5,843
-6,831
-9,257
-11,415
-7,629
-9,984
-14,813
-19,936
-17,177
-15,081
LT Debt
10,782
9,698
9,221
10,454
8,775
8,960
9,410
9,505
7,619
8,238
9,091
10,876
12,955
15,296
Total Equity
8,649
10,223
12,058
16,682
19,147
19,748
21,911
21,524
31,296
33,013
29,404
28,046
26,320
26,320
Return on Invested Capital (%)
0.41
1.36
- -
5.04
6.34
6.02
0.53
-0.13
6.63
2.39
- -
- -
- -
- -
Return on Capital (%)
3.44
4.46
2.29
8.3
8.06
7.56
2.8
0.04
7.65
2.64
- -
- -
- -
- -
Return on Common Equity (%)
1.46
3.87
0.32
13.91
13.86
13.02
2.01
0.76
12.43
3.04
-11.81
-4.39
-1.33
- -

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
12,502
13,403
12,904
LT Borrowings
12,955
15,028
15,296
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2,590
2,590
2,590
Market Capitalization
12,898
17,923
9,920

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
14,090
16,758
15,916
Cash, Cash Equivalents & STI
5,838
7,845
7,044
Accounts Receivable, Net
590
713
660
Inventories
3,207
3,369
3,462
Total Current Liabilities
31,267
32,125
30,997
Payables & Accruals
- -
- -
- -
ST Debt
12,502
13,403
12,904
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.46%
5.84%
-6.15%
Free Cash Flow
-243.59%
-723.88%
-90.76%
Net Income, GAAP
696.81%
224.82%
-70.43%
Sales/Revenue/Turnover
11.34%
-18.98%
-4.74%
Total Cash Common Dividend
-0.67%
-7.59%
-4.58%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
7,780
7,441
7,272
7,630
30,123
2025
6,767
7,188
- -
7,450
28,696
2026
7,278
8,088
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.07
-0.03
-0.04
-0.24
-0.38
2025
-0.03
-0.04
- -
-0.04
-0.11
2026
-0.06
0.08
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.07
0.2
0.08
-0.04
0.32
2025
0.08
0.08
- -
0.07
0.31
2026
0.07
0.07
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Xiao Hu Huang
Full Time Employees
26,075
Sector
Distribution services
Industry
Wholesale distributors
Address
No. 39, Yangcheng Lake Road Urumqi XI China 830054
IPO Date
Dec 8, 2006
Website
zthx.com
Similar Companies
Adani Enterprises Limited (NSE:ADANIENT)
Aegis Logistics Limited (NSE:AEGISLOG)
Marine Electricals (India) Limited (NSE:MARINE)
Fastenal Company (NASDAQ:FAST)
Mitsubishi Corporation (TSE:8058)
GigaCloud Technology Inc (NASDAQ:GCT)
Business
Xinjiang Zhongtai Chemical Co., Ltd. specializes in the manufacturing and sale of chemical products with core offerings including polyvinyl chloride (PVC) resin; ion-exchange membrane caustic soda; calcium carbide; chlor-alkali products; and salt chemicals. The company also produces viscose fibers and viscose yarns applied in sectors such as petroleum, chemical, textile, light industry, building materials, and national defense. It operates through chemical, textile, and trade segments, providing supply chain management and international trading services with a production capacity of approximately 2.3 million tons per year for PVC resin and 1.6 million tons per year for caustic soda. Xinjiang Zhongtai serves markets across China and exports to Europe, South Asia, Central Asia, Africa, and South America. Founded in 2001, the company is headquartered in Urumqi, Xinjiang, China. Recent strategic developments include the launch of construction on a large-scale 250,000-tonne filament polyester project by its subsidiary Xinjiang Zhongtai Polyester Fiber Materials Co., Ltd., signaling an expansion in textile-related chemical production. In addition, the company has actively pursued mergers and acquisitions to enhance its resource base and operational efficiency, notably acquiring multiple mining companies in 2024 and early 2025, including a 51% equity stake in Xinjiang Huaou Mining Co., Ltd. These acquisitions boost the company’s nickel and copper resources, thus diversifying and strengthening its production chain and core competitiveness. Xinjiang Zhongtai also announced various capital and restructuring actions, including the repurchase and cancellation of restricted stocks and amendments to its articles of association during 2024 and 2025, reflecting ongoing corporate governance and financial management refinements. The company operates a vertically integrated business model across the chlor-alkali chemical and textile industries, leveraging its raw material base of calcium carbide, coal, and raw salt through industrial-scale ion-exchange membrane technology. Its product portfolio differentiation includes commercial, food hygiene, and medical grades of PVC resin, alongside polyester textile offerings such as viscose fiber and yarn. With over 7,000 staff and a network of subsidiaries, Xinjiang Zhongtai continues to focus on resource conversion and expanding production capacities aligned with strategic national industry policies in China. Overall, Xinjiang Zhongtai Chemical Co., Ltd. maintains a comprehensive position in the chemical manufacturing sector with a diversified product range, strong upstream resource integration, and active expansion into related mining and polyester production businesses, supported by recent capital and operational initiatives that enhance its market presence and competitive advantage.