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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
Letong Chemical Co., Ltd. Class A
SZSE:002319
(Shenzhen Stock Exchange)

Recent

price

9.49

P/E

ratio

- -

div

yld

0.35%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
2.36
2.65
2.44
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
Revenue per Share
0.16
0.09
0.1
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
Basic EPS, GAAP
-0.65
-0.72
-0.11
-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
- -
Free Cash Flow per Basic Share
0.06
0.07
0.05
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
Dividend per Share
2.54
2.61
2.69
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
Book Value per Share
2.53
2.52
2.6
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
Tangible Book Value per Share
199
203
200
209
182
199
220
213
199
200
183
196
196
182
205
201
210
Basic Weighted Avg Shares
471
538
486
564
598
442
520
532
487
383
315
388
403
387
398
406
437
Sales/Revenue/Turnover
7.91
3.67
7.45
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
Operating Margin (%)
11
10
12
16
22
32
34
33
31
30
27
25
26
24
21
17
- -
Depreciation Expense
32
18
20
21
5
3
1
11
-34
-291
7
-37
-31
4
-25
-10
-5
Net Income, GAAP
16.93
2.69
16.27
23.5
15.26
21.02
- -
- -
- -
- -
40.69
- -
- -
1.26
- -
- -
- -
Effective Tax Rate (%)
6.77
3.39
4.11
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
Profit Margin (%)
431
340
239
170
137
-177
-261
-259
-280
-286
-250
-268
-280
-262
-154
-139
-123
Working Capital
- -
- -
20
64
94
65
36
7
- -
- -
- -
- -
- -
1
- -
- -
- -
LT Debt
539
550
570
589
591
566
480
491
433
140
142
106
74
79
177
169
178
Total Equity
5.62
2.22
3.52
3.53
1.04
0.35
- -
- -
- -
- -
2.47
- -
- -
1.54
- -
- -
- -
Return on Invested Capital (%)
6.04
4.23
3.46
2.72
1.51
1.7
- -
- -
- -
- -
5.84
- -
- -
6.7
- -
- -
- -
Return on Capital (%)
6.38
3.55
3.77
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
Return on Common Equity (%)

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
- -
- -
- -
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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.