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Anhui Jiangnan Chemical Industry Co., Ltd. Class A

Anhui Jiangnan Chemical Industry Co., Ltd. Class A

SSZSE:002226
5.07
CNY
-0.02
(-0.39%)
0.36EPS
18.92P/E
11.89BMarket Cap
Oct 29Next Earn
Anhui Jiangnan Chemical Industry Co., Ltd. Class A
SZSE:002226
(Shenzhen Stock Exchange)

Recent

price

5.07

P/E

ratio

18.92

div

yld

3.02%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
0.56
1.43
1.6
1.74
1.61
1.22
1.18
1.3
1.65
2.08
1.48
2.45
2.95
3.36
3.76
3.77
4.02
Revenue per Share
0.13
0.21
0.24
0.24
0.14
0.03
0.05
0.11
0.13
0.23
0.17
0.4
0.18
0.29
0.35
0.29
0.24
Basic EPS, GAAP
0.13
0.27
0.18
- -
0.15
0.13
0.08
0.14
0.02
0.23
0.23
0.09
0.34
0.15
0.23
0.26
- -
Free Cash Flow per Basic Share
0.01
0.2
0.09
0.14
0.18
0.17
0.02
0.17
0.15
0.12
0.09
0.12
0.11
0.12
0.13
0.13
0.15
Dividend per Share
0.72
1.98
2.15
2.27
2.28
2.84
2.89
4.35
3.19
3.42
4.33
3.22
3.42
3.29
3.64
3.61
3.62
Book Value per Share
0.71
0.78
0.95
1.09
1.06
1.65
1.86
3.27
2.42
2.61
3.53
2.73
2.91
2.79
2.93
2.79
2.46
Tangible Book Value per Share
581
848
1,108
1,113
1,117
1,111
1,149
1,749
1,748
1,748
2,649
2,649
2,649
2,649
2,649
2,649
2,649
Basic Weighted Avg Shares
324
1,214
1,774
1,936
1,793
1,358
1,352
2,269
2,885
3,633
3,919
6,481
7,819
8,895
9,962
9,982
10,660
Sales/Revenue/Turnover
27.44
21.57
22.92
23.87
19.13
11.19
10.88
22.6
22.74
27.02
22.98
20.36
14.94
16.51
15.39
15.64
14.8
Operating Margin (%)
9
49
81
81
87
94
98
345
375
418
453
572
639
662
676
748
- -
Depreciation Expense
73
177
261
269
162
36
61
199
219
405
447
1,053
479
773
924
758
629
Net Income, GAAP
16.08
18.89
17.51
21.35
21.98
34.6
28.49
15.28
12.73
15.53
19.37
16.1
27.63
18.79
19.15
20.79
21.74
Effective Tax Rate (%)
22.39
14.54
14.7
13.9
9.03
2.63
4.53
8.75
7.61
11.14
11.4
16.24
6.12
8.69
9.28
7.59
5.9
Profit Margin (%)
339
352
444
512
552
283
1,147
1,825
2,033
1,953
2,756
4,497
4,394
3,419
4,276
5,672
6,177
Working Capital
- -
20
- -
33
80
- -
- -
3,378
3,489
3,086
2,807
3,146
3,002
2,531
2,961
5,645
6,265
LT Debt
446
2,481
2,725
2,944
3,030
3,610
4,162
6,154
6,234
6,692
8,467
9,545
10,137
9,866
11,117
11,651
11,686
Total Equity
18.46
13.98
11.39
10.84
6.98
1.81
1.94
3.23
2.54
5.05
4.77
9.59
4.8
6.97
7.69
6.11
5.27
Return on Invested Capital (%)
16.28
8.57
6.82
6.52
3.9
0.62
1.31
2.34
3.59
4.67
4.71
8.5
3.08
4.73
5.18
3.23
2.45
Return on Capital (%)
18.73
13.47
11.39
10.93
6.37
1.26
1.8
4.3
3.94
7
6.6
13.07
5.44
8.71
10.07
7.89
6.53
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1,380
1,516
1,455
LT Borrowings
5,600
5,964
6,175
LT Finance Leases
44
50
91
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2,649
2,649
2,649
Market Capitalization
15,390
14,437
11,894

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
9,899
10,668
11,041
Cash, Cash Equivalents & STI
2,463
2,606
2,844
Accounts Receivable, Net
4,731
5,024
5,273
Inventories
956
1,273
1,274
Total Current Liabilities
4,227
4,591
4,864
Payables & Accruals
- -
- -
- -
ST Debt
1,380
1,516
1,455
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
13.21%
6.75%
4.8%
Free Cash Flow
139.41%
45.45%
11.68%
Net Income, GAAP
54.5%
28.81%
-18.02%
Sales/Revenue/Turnover
24.03%
22.4%
0.2%
Total Cash Common Dividend
90.98%
8.7%
-4.35%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,982
2,468
2,249
2,782
9,962
2025
2,127
2,601
- -
3,097
9,982
2026
2,182
2,780
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.05
0.1
0.13
0.05
0.35
2025
0.06
0.11
- -
0.04
0.29
2026
0.05
0.05
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
0.07
0.02
0.02
0.13
2025
0.02
0.08
- -
0.03
0.13
2026
0.02
0.02
- -
- -
- -
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Business
Anhui Jiangnan Chemical Industry Co., Ltd. engages in the research, development, production, and sale of civilian explosives and related chemical products primarily in China and internationally. The company's core products include gelled emulsion explosives; powdered emulsion explosives; expanded ammonium nitrate explosives; seismic charge columns; industrial detonators; electronic detonators; industrial detonating cords; ignition powders for airbags; gas-generating powders for airbags; and other civilian explosives. Anhui Jiangnan also provides blasting and demolition engineering construction services. The company operates multiple production facilities and serves a broad market that includes industrial, mining, construction, and safety applications. Founded in 1995 and headquartered in Anhui Province, China, Anhui Jiangnan Chemical Industry has developed a significant presence in the chemical and civil explosives sector. It maintains strategic partnerships and has progressively expanded through acquisitions, including the recent full acquisition of Shun'an Blasting, which increased its explosive production capacity by 73,000 tons to over 900,000 tons. Additionally, the company agreed to acquire Zhejiang DunAn New Energy Co., Ltd. for approximately 4 billion yuan, signaling a move to diversify into new energy related sectors. In recent years, Anhui Jiangnan has strengthened its operations with a focus on safety production and technological innovation, exploring advanced technologies such as humanoid robots to improve efficiency and safety. The company reported strong financial performance with a 2025 interim revenue of approximately 4.614 billion yuan and net profits showing year-over-year growth. It continues to expand its market reach through an extensive network of distributors, including recent expansion into Southeast Asia, and pursues strategic mergers and asset injections to sustain growth and enhance competitive positioning. Anhui Jiangnan operates under the actual control of the NORINCO Group, following a significant reorganization approved by China’s securities regulator in 2021, which integrated high-quality civil explosives assets from NORINCO into its business structure. The company is recognized as a National High-tech Enterprise and has received various awards for quality, technological innovation, and environmental sustainability. Its main geographic operations encompass the Chinese domestic market and selected international regions, with ongoing efforts to increase production capacity and market share. Overall, Anhui Jiangnan Chemical Industry Co., Ltd. specializes in civilian explosives and engineering services related to blasting and demolition, while driving growth through acquisitions, technology upgrades, and expansion into the new energy sector since its founding in 1995, with headquarters in Anhui, China. Recent major developments include the acquisition of Shun'an Blasting and Zhejiang DunAn New Energy, alongside improvements in safety, production efficiency, and market expansion.