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  3. •

    Industrial specialties
Letong Chemical Co., Ltd. Class A

Letong Chemical Co., Ltd. Class A

SSZSE:002319
9.49
CNY
+0.41
(+4.52%)
-0.03EPS
2.16BMarket 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
2.7
3.28
2.22
2.36
2.5
2.46
1.92
1.72
1.98
2.05
2.13
1.94
2.02
2.08
Basic EPS, GAAP
0.1
0.03
0.01
- -
0.05
-0.17
-1.46
0.04
-0.19
-0.16
0.02
-0.12
-0.05
-0.02
Free Cash Flow per Basic Share
-0.5
-0.31
0.41
0.33
0.34
0.38
0.08
0.11
0.05
0.05
0.14
0.09
0.09
- -
Dividend per Share
0.08
0.11
0.1
0.08
0.07
0.09
0.07
0.07
0.06
0.05
0.05
0.33
0.04
0.03
Book Value per Share
2.76
2.79
2.79
2.4
2.46
2.16
0.7
0.71
0.53
0.37
0.4
0.85
0.82
0.86
Tangible Book Value per Share
2.63
2.65
1.42
1.06
1.12
0.83
0.59
0.62
0.44
0.28
0.31
0.77
0.75
0.79
Basic Weighted Avg Shares
209
182
199
220
213
199
200
183
196
196
182
205
201
210
Sales/Revenue/Turnover
564
598
442
520
532
487
383
315
388
403
387
398
406
437
Operating Margin (%)
7.33
4.4
5.34
7.7
6.02
5.69
-0.07
1.87
-3.43
-1.51
4.79
-1.29
1.76
3.46
Depreciation Expense
16
22
32
34
33
31
30
27
25
26
24
21
17
- -
Net Income, GAAP
21
5
3
1
11
-34
-291
7
-37
-31
4
-25
-10
-5
Effective Tax Rate (%)
23.5
15.26
21.02
- -
- -
- -
- -
40.69
- -
- -
1.26
- -
- -
- -
Profit Margin (%)
3.7
0.91
0.59
0.17
2
-6.92
-76.1
2.32
-9.58
-7.79
0.94
-6.18
-2.47
-1.12
Working Capital
170
137
-177
-261
-259
-280
-286
-250
-268
-280
-262
-154
-139
-123
LT Debt
64
94
65
36
7
- -
- -
- -
- -
- -
1
- -
- -
- -
Total Equity
589
591
566
480
491
433
140
142
106
74
79
177
169
178
Return on Invested Capital (%)
3.53
1.04
0.35
- -
- -
- -
- -
2.47
- -
- -
1.54
- -
- -
- -
Return on Capital (%)
2.72
1.51
1.7
- -
- -
- -
- -
5.84
- -
- -
6.7
- -
- -
- -
Return on Common Equity (%)
3.83
0.98
0.46
0.17
2.19
-7.31
-101.72
5.18
-29.94
-34.97
4.75
-19.19
-5.74
-2.71

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
197
196
196
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
209
209
209
Market Capitalization
2,522
2,304
2,162

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
259
277
305
Cash, Cash Equivalents & STI
22
4
15
Accounts Receivable, Net
138
146
159
Inventories
40
55
57
Total Current Liabilities
398
405
427
Payables & Accruals
- -
- -
- -
ST Debt
197
196
196
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-2.04%
14.16%
-4.36%
Free Cash Flow
3.33%
18.2%
-0.92%
Net Income, GAAP
-28.58%
-314.39%
-59.25%
Sales/Revenue/Turnover
0.05%
5.62%
1.9%
Total Cash Common Dividend
45.14%
96.45%
-87.53%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
90
110
116
83
398
2025
94
108
- -
91
406
2026
112
127
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.04
-0.05
-0.03
-0.01
-0.12
2025
-0.01
-0.01
- -
-0.05
-0.05
2026
0.02
0.01
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
0.01
0.01
0.29
0.33
2025
0.02
0.01
- -
0.01
0.04
2026
0.01
0.01
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Yubin Zhou
Full Time Employees
405
Sector
Process industries
Industry
Industrial specialties
Address
No. 265, Jinfa Road Zhuhai GD China 519085
IPO Date
Sep 16, 2009
Website
letongink.com
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Business
Letong Chemical Co., Ltd. (002319.SZ) is a China-based company principally engaged in the research, development, production, and sale of medium- and high-end printing inks, coatings, and related chemical products. The company offers a comprehensive range of products including high-end gravure inks for beverage labels, food packaging, composite surface printing, paper cigarette packs, and building materials decoration; flexographic inks; screen printing inks; water-based inks; UV inks; anti-counterfeiting and special inks; powder coatings; adhesives; color chips; and ancillary products such as laminating inks, surface and reverse printing inks for PVC heat-shrinkable films, PE, and aluminum foils. It operates through three main segments—Ink Business, Internet Advertising Marketing (including design, production, agency, placement, and technical promotion services), and Other (encompassing asset leasing and external equity investment management)—primarily serving printing houses, packaging manufacturers, and related industries in China and internationally. Founded in 1996 and headquartered in Zhuhai, Guangdong Province, China, at Jinding Guantang Letong Industrial Park, the company has established itself as one of the earliest domestic enterprises focused on high-end ink coatings, with recognized technical centers such as the Guangdong Provincial Enterprise Technology Center and Guangdong Eco-friendly Ink Engineering Technology Research and Development Center. Letong Chemical maintains operations across China and exports to international markets, targeting sectors like packaging, printing, and specialty chemicals. In recent developments, Letong Chemical agreed to acquire a 7.5% stake in Zhejiang Dasheng New Energy Technology Co., Ltd. from Shenzhen Dacheng Asset Management Co., Ltd., reflecting strategic expansion into new energy technologies. The company also anticipates receiving CNY 3.87 billion in funding from Shenzhen Yi'er Tongrui Investment Management Enterprise (Limited Partnership), supporting further growth initiatives. Additionally, it cancelled planned acquisitions of 100% stake in Zhejiang Qichen Technology Co., Ltd. and 45% stake in Hunan Sunny Technology Engineering Co., Ltd., amid ongoing adjustments to its investment strategy within the last two years.