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Explosive Co., Ltd. Class A

Explosive Co., Ltd. Class A

SSZSE:002096
9.11
CNY
+0.06
(+0.66%)
0.63EPS
15.14P/E
10.89BMarket Cap
Oct 30Next Earn
Explosive Co., Ltd. Class A
SZSE:002096
(Shenzhen Stock Exchange)

Recent

price

9.11

P/E

ratio

15.14

div

yld

-0.03%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
2.36
4.31
4.29
4.52
4.54
5.83
7.08
6.79
5.74
6.34
5.53
5.12
7.29
7.45
6.83
7.94
7.37
Revenue per Share
0.45
0.59
0.48
0.5
0.5
0.29
0.09
0.07
0.06
0.06
0.14
0.13
0.84
0.56
0.57
0.64
0.58
Basic EPS, GAAP
0.32
-0.46
0.25
0.04
0.29
0.08
-0.26
-0.64
-0.57
0.45
1.12
-0.03
0.85
0.48
0.3
0.46
- -
Free Cash Flow per Basic Share
0.17
0.27
0.11
0.11
0.18
0.2
0.13
0.16
0.15
0.13
0.11
0.1
0.36
0.09
0.22
0.23
- -
Dividend per Share
1.8
5.96
4.55
4.98
5.4
6.17
5.52
5.41
5.36
5.44
4.86
4.86
6.41
5.63
6.01
6.44
6.53
Book Value per Share
1.54
4.53
3.53
3.96
4.24
5.01
4.37
4.28
4.27
4.39
3.83
3.9
4.73
4.13
4.54
4.68
4.79
Tangible Book Value per Share
265
374
370
369
395
377
376
386
379
398
362
377
756
1,132
1,251
1,238
1,241
Basic Weighted Avg Shares
627
1,611
1,588
1,670
1,795
2,199
2,661
2,624
2,174
2,522
2,002
1,931
5,512
8,428
8,546
9,832
9,146
Sales/Revenue/Turnover
27.58
16.77
13.94
14.98
15.02
10.03
4.88
4.48
3.81
4.22
8.87
6.21
11.96
10.04
10.32
10.09
10
Operating Margin (%)
14
51
59
65
69
73
81
72
74
78
81
86
148
255
272
308
- -
Depreciation Expense
118
220
177
185
198
109
34
27
23
24
51
49
635
634
713
793
719
Net Income, GAAP
27.06
17.58
19.33
19.14
17.49
22.51
37.47
50.76
29.52
32.89
- -
0.4
16.18
17.5
15.62
18.14
16.97
Effective Tax Rate (%)
18.82
13.69
11.18
11.05
11.01
4.98
1.27
1.03
1.05
0.95
2.53
2.54
11.53
7.52
8.34
8.06
7.87
Profit Margin (%)
74
410
399
160
219
362
356
326
351
363
285
375
1,267
3,373
3,665
3,987
4,252
Working Capital
- -
2
2
32
17
58
58
58
55
55
126
48
431
361
292
346
348
LT Debt
501
1,661
1,769
1,943
2,102
2,391
2,094
2,055
2,030
2,064
1,848
1,889
2,509
7,283
7,785
8,513
8,769
Total Equity
19.99
17.02
8
8.69
8.15
4.11
1.37
0.79
0.73
1.2
- -
2.81
23.32
12.92
9.51
9.49
8.53
Return on Invested Capital (%)
20.27
17.61
9.55
8.14
8.13
4.23
1.62
1.68
1.88
1.63
- -
3.34
22.2
11.52
8.51
8.54
7.61
Return on Capital (%)
26.95
21.49
10.87
10.44
10.27
5.09
1.56
1.33
1.14
1.19
2.65
2.68
30.05
13.54
9.88
10.27
9.14
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
391
291
184
LT Borrowings
223
233
227
LT Finance Leases
123
119
121
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,240
1,240
1,240
Market Capitalization
16,523
14,302
10,891

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
6,927
7,215
7,557
Cash, Cash Equivalents & STI
3,082
2,971
3,376
Accounts Receivable, Net
1,838
2,331
2,683
Inventories
456
512
560
Total Current Liabilities
2,940
3,113
3,305
Payables & Accruals
- -
- -
- -
ST Debt
391
291
184
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
21.73%
48.31%
9.36%
Free Cash Flow
-548.62%
-1,027.99%
48.81%
Net Income, GAAP
122.91%
243.41%
11.16%
Sales/Revenue/Turnover
24.91%
50.25%
15.05%
Total Cash Common Dividend
67.7%
145.38%
3.62%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,776
2,138
2,389
2,243
8,546
2025
2,010
2,703
- -
2,476
9,832
2026
1,844
2,123
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.11
0.17
0.14
0.15
0.57
2025
0.13
0.2
- -
0.12
0.64
2026
0.09
0.18
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.21
- -
0.01
0.22
2025
- -
- -
- -
-0.01
0.23
2026
- -
- -
- -
- -
- -
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Business
Hunan Nanling Industrial Explosive Materials Co., Ltd. (002096.SZ), now operating as Explosive Co., Ltd. following a name change in May 2023, engages in the research, development, production, sale, transportation, and blasting services for civil explosives and related equipment primarily serving mining, infrastructure, construction, and engineering sectors in China with exports to Southeast Asia, Africa, and Australia; its core products encompass permissible emulsion explosives for secondary and class III coal mines, rock emulsion explosives, permissible expanded ammonium nitrate explosives for coal mines, modified ammonium explosives, ANFO (ammonium nitrate fuel oil) explosives, water-gel explosives, electronic and plastic detonators, industrial detonating cords, industrial electric detonators, military detonators, and integrated civil explosive system services including blasting design, construction, mining infrastructure stripping, and mineral packaging. Founded in 2001 and headquartered in Changsha, Hunan Province, China, the company maintains multiple production facilities across Hunan Province with an annual capacity exceeding 200,000 tons of explosives, supported by substantial R&D investments averaging 150 million CNY annually to enhance safety, efficiency, and environmental compliance such as reduced emissions and new eco-friendly formulations. Recent developments include the issuance of 1 billion CNY in corporate bonds in 2023 to fund a new production facility expanding capacity by 20 percent, completion of a major acquisition of a 95.54 percent stake in China Gezhouba Group's Yipuli Co., Ltd. to bolster explosive operations, strategic partnerships enhancing export capabilities generating approximately 400 million to 500 million CNY in overseas sales in 2022, and ongoing production expansions alongside modernization efforts that cut emissions by 20 percent over five years while navigating regulatory challenges in a market with high entry barriers.