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North Chemical Industries Co., Ltd. Class A

North Chemical Industries Co., Ltd. Class A

SSZSE:002246
20.21
CNY
-0.94
(-4.44%)
0.67EPS
27.37P/E
10.32BMarket Cap
Apr 29Next Earn
North Chemical Industries Co., Ltd. Class A
SZSE:002246
(Shenzhen Stock Exchange)

Recent

price

20.21

P/E

ratio

27.37

div

yld

0.40%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
4.55
6.44
7.08
5.39
5.03
3.57
4.3
4.23
4.4
4.5
4.18
4.77
4.66
3.89
3.44
5.02
5.35
Revenue per Share
0.07
0.11
0.18
0.13
0.18
0.13
0.27
0.21
0.23
0.25
0.16
0.22
0.17
0.1
-0.05
0.48
0.69
Basic EPS, GAAP
0.04
-0.18
-0.18
-0.15
0.26
0.11
-0.07
-0.05
0.11
0.59
0.6
0.11
-0.05
-0.29
0.04
0.4
- -
Free Cash Flow per Basic Share
0.03
0.2
0.07
0.05
0.04
0.03
0.02
0.15
0.05
0.06
0.05
0.04
0.05
0.05
0.05
0.04
0.08
Dividend per Share
2.04
1.97
2.7
2.5
2.68
2.78
4.5
4.39
4.39
4.58
4.78
4.96
5.2
5.25
5.15
5.56
5.94
Book Value per Share
2.03
1.95
2.09
2.08
2.26
2.37
3.96
3.72
3.77
3.98
4.2
4.39
4.62
4.69
4.62
5.05
5.43
Tangible Book Value per Share
295
297
293
373
405
422
510
517
538
546
564
552
549
555
566
548
549
Basic Weighted Avg Shares
1,344
1,911
2,071
2,013
2,036
1,505
2,193
2,183
2,363
2,461
2,359
2,633
2,559
2,159
1,947
2,750
2,939
Sales/Revenue/Turnover
1.95
2.29
3.46
2.35
2.84
3.36
7.18
5.95
6.59
6.1
4.35
4.96
1.83
1.26
-2.81
11.09
15.53
Operating Margin (%)
16
23
32
43
46
52
82
88
90
93
95
105
104
115
124
108
- -
Depreciation Expense
22
32
53
49
73
55
138
108
124
137
90
122
93
56
-28
263
377
Net Income, GAAP
15.76
15.32
17
15.1
10.71
11.21
12.73
16.78
14.18
10.48
16.2
10.69
6.33
- -
- -
18.01
16.92
Effective Tax Rate (%)
1.61
1.69
2.54
2.41
3.58
3.65
6.28
4.97
5.23
5.55
3.82
4.61
3.65
2.57
-1.45
9.56
12.83
Profit Margin (%)
317
264
348
437
444
500
860
1,209
1,340
1,477
1,619
1,640
1,654
1,744
1,709
1,892
1,933
Working Capital
- -
- -
19
- -
- -
- -
11
47
5
33
67
64
70
60
56
104
105
LT Debt
608
587
927
1,084
1,163
1,198
1,928
2,495
2,631
2,733
2,837
2,910
3,035
3,057
2,999
3,213
3,421
Total Equity
3.29
5.07
5.96
2.44
3.83
3.68
8.36
4.46
4.67
4.8
2.9
3.09
2.8
- -
- -
7.62
10.75
Return on Invested Capital (%)
3.61
5.69
3.55
3.49
5.72
4.26
8.17
4.74
4.69
5.12
3.47
5.09
3.34
- -
- -
8.65
11.79
Return on Capital (%)
3.6
5.43
7.6
5.29
6.8
4.85
9.15
5.28
5.31
5.55
3.51
4.54
3.34
1.94
-0.99
8.94
12.34
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
15
14
8
LT Borrowings
48
51
52
LT Finance Leases
56
56
53
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
549
549
549
Market Capitalization
9,894
13,726
10,322

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
3,674
3,517
3,666
Cash, Cash Equivalents & STI
1,883
1,690
1,875
Accounts Receivable, Net
854
940
959
Inventories
339
383
369
Total Current Liabilities
1,782
1,563
1,732
Payables & Accruals
- -
- -
- -
ST Debt
15
14
8
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
11.63%
2.57%
7.16%
Free Cash Flow
99.71%
214.56%
931.15%
Net Income, GAAP
-108.88%
-241.84%
-1,029.22%
Sales/Revenue/Turnover
7.81%
4.93%
41.26%
Total Cash Common Dividend
- -
- -
-18.56%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
297
617
387
646
1,947
2025
444
687
- -
915
2,750
2026
520
817
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.02
0.08
-0.15
0.03
-0.05
2025
0.05
0.14
- -
0.14
0.48
2026
0.13
0.28
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.05
2025
0.02
0.02
- -
- -
0.04
2026
0.03
0.04
- -
- -
- -
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Business
North Chemical Industries Co., Ltd. North Chemical Industries Co., Ltd. (002246.SZ) engages primarily in the manufacture and sale of nitrocellulose, cellulose derivatives, specialty chemicals, and related industrial equipment in China. Founded in 2002 as the predecessor Sichuan North Nitrocellulose Co., Ltd. by China Ordnance Industry Group Co., Ltd. for the restructuring of nitrocellulose assets, the company listed on the Shenzhen Stock Exchange in 2008 and maintains headquarters in Luzhou, China. It operates across three core business segments: cellulose and derivatives, featuring nitrocellulose used in propellants, nitro paints, inks, celluloid products, adhesives, leather oils, and nail polish; chemical protection and environmental protection, including activated carbon and catalysts for industrial exhaust and sewage treatment, air purification, decolorization, and deodorization, as well as gas masks, filter absorbers, protective equipment for labor and toxic workplaces, and environmental protection equipment for exhaust gas purification and wastewater treatment; and special industrial pumps, encompassing industrial pumps and valves. The company serves domestic markets while exporting products internationally, targeting industries such as chemicals, manufacturing, environmental services, and defense-related applications. Recent developments include sustained focus on its civil-military integration model with no major publicly reported acquisitions, partnerships, funding rounds, or strategic shifts in the last 1-2 years, alongside ongoing recognition for environmental integrity and operational honors in Sichuan Province.