1. China Stocks

  2. •

    Process industries

  3. •

    Chemicals: specialty
Hongbaoli Group Corporation Ltd. Class A

Hongbaoli Group Corporation Ltd. Class A

SSZSE:002165
6.27
CNY
+0.07
(+1.13%)
-0.03EPS
4.61BMarket 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
3.38
3.87
3.38
3.18
3.72
4.24
4
4.34
5.21
3.43
3.6
3.71
3.8
3.91
Basic EPS, GAAP
0.07
0.17
0.19
0.22
0.07
0.05
0.15
0.2
0.05
-0.11
0.05
0.08
0.02
-0.03
Free Cash Flow per Basic Share
0.03
0.29
0.02
-0.11
-0.98
-0.35
-0.2
-0.42
0.18
0.6
-0.13
0.14
0.11
- -
Dividend per Share
0.12
0.1
0.12
0.03
0.12
0.14
0.17
0.19
0.24
0.23
0.18
0.22
0.16
0.17
Book Value per Share
1.79
1.87
1.98
2.59
2.58
2.49
2.6
2.76
2.9
2.77
2.78
2.76
2.75
2.71
Tangible Book Value per Share
1.63
1.71
1.62
2.29
2.18
2.1
2.22
2.39
2.6
2.45
2.46
2.45
2.45
2.41
Basic Weighted Avg Shares
567
550
540
576
584
582
595
601
658
735
735
735
735
752
Sales/Revenue/Turnover
1,916
2,130
1,827
1,834
2,171
2,467
2,383
2,611
3,429
2,519
2,647
2,726
2,791
2,939
Operating Margin (%)
6.9
7.3
8.48
5.68
3.49
2.9
7.6
9.86
3.9
-1.7
5.98
2.35
2.24
1.64
Depreciation Expense
53
57
56
57
62
64
67
88
162
172
110
88
95
- -
Net Income, GAAP
40
94
103
127
41
29
89
120
30
-78
38
58
17
-26
Effective Tax Rate (%)
23.5
23.14
26.22
21.37
17.42
15.59
12.6
14.49
- -
- -
- -
- -
- -
- -
Profit Margin (%)
2.07
4.39
5.61
6.91
1.88
1.18
3.75
4.6
0.87
-3.11
1.45
2.15
0.62
-0.89
Working Capital
225
250
176
454
208
-122
-48
-95
308
327
82
383
91
897
LT Debt
40
20
- -
- -
173
309
619
485
458
535
380
907
849
1,706
Total Equity
994
1,036
1,093
1,589
1,589
1,508
1,575
1,669
2,137
2,034
2,047
2,034
2,028
1,997
Return on Invested Capital (%)
2.96
7.31
7.79
7.74
1.92
1.3
3.08
3.55
- -
- -
- -
- -
- -
- -
Return on Capital (%)
3.84
7.83
8.12
7.91
2.45
2.2
4.72
5.42
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
4.08
9.44
9.87
9.65
2.63
1.9
5.82
7.44
1.57
-3.76
1.88
2.87
0.85
-1.3

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1,720
1,992
1,624
LT Borrowings
845
1,186
1,702
LT Finance Leases
4
4
4
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
735
735
735
Market Capitalization
5,559
7,213
4,610

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
2,289
2,952
3,066
Cash, Cash Equivalents & STI
1,180
1,454
1,467
Accounts Receivable, Net
568
692
835
Inventories
313
489
502
Total Current Liabilities
2,198
2,601
2,170
Payables & Accruals
- -
- -
- -
ST Debt
1,720
1,992
1,624
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
7.36%
4.58%
-0.3%
Free Cash Flow
1.44%
-45.42%
-22.75%
Net Income, GAAP
-43.64%
-121%
-70.36%
Sales/Revenue/Turnover
5.38%
3.05%
2.39%
Total Cash Common Dividend
30.18%
2.56%
-29.07%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
597
662
641
826
2,726
2025
654
591
- -
817
2,791
2026
739
792
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.04
0.01
0.01
0.02
0.08
2025
0.03
- -
- -
-0.03
0.02
2026
-0.03
0.02
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.04
0.1
0.06
0.03
0.22
2025
0.04
0.07
- -
0.03
0.16
2026
0.02
0.06
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Yi Min Rui
Full Time Employees
1,206
Sector
Process industries
Industry
Chemicals: specialty
Address
No. 29 Shuanggao Road Nanjing JS China 211300
IPO Date
Sep 14, 2007
Website
hongbaoli.com
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Business
Hongbaoli Group Corporation, Ltd. (002165.SZ) engages primarily in the research, development, production, and sale of polyurethane raw materials and propylene oxide derivatives in China. The company manufactures an extensive range of products including monomer polyether polyols, formulated polyols such as rigid foam blended polyols, special polyethers, polyurethane panels, isopropanolamines with a global first-class production base, propylene oxide (PO), dicumyl peroxide (DCP) with new capacity expansions, and dipropylene glycol (DPG); these serve industries including appliances, construction, flexible packaging, transportation, footwear, cables, rubber, medical, and electronics. Founded in 1987 as a small soft foam workshop and listed on the Shenzhen Stock Exchange SME Board in 2007, Hongbaoli maintains its headquarters at No. 29 Shuanggao Road, Gaochun Economic Development Zone, Nanjing, Jiangsu Province, with major production bases in Nanjing and Taixing, positioning it as China's largest producer of rigid foam blended polyols and a leader in isopropanolamine. Recent developments include strategic expansions in the industrial chain from propylene oxide to polyether polyols, alcoholamines, and derivatives like DCP with an annual output of 24,000 tons via new production equipment; the company cancelled a planned acquisition of an 88% stake in Dongguan Xiong Lin New Material Technology Co., Ltd., while continuing to pursue independent innovation, technical collaborations, and a shift from domestic chemical factory to international enterprise. Hongbaoli targets domestic and export markets in Australia, Southeast Asia, and South Africa, emphasizing sustainable development, green products, and core technology mastery through its R&D centers.