Shanxi Tond Chemical Co., Ltd. Class A

Shanxi Tond Chemical Co., Ltd. Class A

SSZSE:002360
4.52
CNY
-0.02
(-0.44%)
1.89BMarket 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
2.32
2.32
1.73
1.63
1.84
2.31
2.24
2.57
2.14
2.69
2.39
1.4
1.2
- -
Basic EPS, GAAP
0.32
0.32
0.21
0.21
0.25
0.37
0.41
0.41
0.3
0.46
1.09
-0.18
-2.77
- -
Free Cash Flow per Basic Share
0.39
0.33
0.16
0.29
0.22
0.4
0.31
0.45
-0.97
-1.45
-1.79
-2.17
0.4
- -
Dividend per Share
0.05
0.07
0.12
0.11
0.11
0.16
0.11
0.16
0.12
0.07
0.11
0.34
0.3
0.25
Book Value per Share
2.16
2.37
2.49
2.6
2.66
2.62
2.92
3.25
3.48
4.16
5.35
5.01
2.31
2.2
Tangible Book Value per Share
1.34
1.57
1.77
1.97
2.11
2.15
2.53
2.92
3.13
3.79
4.85
4.5
1.81
1.71
Basic Weighted Avg Shares
356
387
389
396
385
389
377
375
398
405
404
388
395
394
Sales/Revenue/Turnover
827
897
675
646
710
897
843
963
853
1,090
964
545
472
- -
Operating Margin (%)
26.27
23.39
22.93
24.13
20.65
25.39
22.96
25.85
20.21
24.06
23.2
10.16
6.95
- -
Depreciation Expense
33
36
38
37
43
46
46
45
45
45
46
49
51
- -
Net Income, GAAP
114
124
82
83
96
144
154
154
119
186
440
-70
-1,093
- -
Effective Tax Rate (%)
24.56
27.59
32.05
30.58
26.8
27.09
26.44
28.41
25.17
16.54
21.84
- -
- -
- -
Profit Margin (%)
13.78
13.82
12.11
12.86
13.55
16.05
18.33
15.96
14.01
17.08
45.65
-12.82
-231.48
- -
Working Capital
323
366
330
402
377
401
622
788
539
-24
-219
-1,206
-1,138
-1,351
LT Debt
4
4
5
4
4
4
4
115
244
250
452
530
741
561
Total Equity
898
1,019
1,070
1,123
1,093
1,077
1,189
1,317
1,486
1,757
2,187
2,006
908
863
Return on Invested Capital (%)
16.05
12.18
7.34
7.66
8
12.39
12.38
10.86
6.93
8.36
14.5
- -
- -
- -
Return on Capital (%)
9.35
10.71
7.67
6.78
7.89
13.13
13.78
11.75
7.95
10.5
16.79
- -
- -
- -
Return on Common Equity (%)
15.75
14.52
8.58
8.35
9.36
13.93
14.24
12.73
8.94
12.12
23.03
-3.35
-74.34
- -

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
668
646
832
LT Borrowings
739
739
560
LT Finance Leases
2
2
1
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
402
402
402
Market Capitalization
1,945
2,559
1,888

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
556
545
544
Cash, Cash Equivalents & STI
80
77
104
Accounts Receivable, Net
153
143
117
Inventories
24
25
19
Total Current Liabilities
1,694
1,693
1,894
Payables & Accruals
- -
- -
- -
ST Debt
668
646
832
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
1.45%
-1.5%
-54.74%
Free Cash Flow
-18.96%
-71.46%
-118.92%
Net Income, GAAP
159.41%
304.04%
1,466.03%
Sales/Revenue/Turnover
-1.17%
-10.38%
-13.25%
Total Cash Common Dividend
23.46%
36.98%
-10.08%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
155
162
100
128
545
2025
112
144
- -
141
472
2026
86
98
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.05
0.03
-0.03
-0.23
-0.18
2025
0.03
- -
- -
-2.7
-2.77
2026
-0.03
-0.09
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.03
0.01
0.16
0.12
0.34
2025
0.02
0.02
- -
0.25
0.3
2026
- -
- -
- -
- -
- -

Company Description

CEO
Qing Wen Wu
Full Time Employees
1,534
Sector
Process industries
Industry
Industrial specialties
Address
Jiaoweicheng Damaokou Jiaowei SX China 036599
IPO Date
Mar 4, 2010
Business
Shanxi Tond Chemical Co., Ltd. Shanxi Tond Chemical Co., Ltd. engages in the research, development, production, and sale of civil explosives and related silica products in China. The company manufactures a comprehensive range of industrial explosives including expanded ammonium nitrate, rock expanded ammonium nitrate, porous granular ammonium fuel oil explosives, emulsion explosives, rock emulsion explosives, powdered emulsion explosives, and rock powder emulsion explosives; it also produces silica products such as silicon dioxide for rubbers, tires, carriers, silicone, aerosol, thickeners, thixotropic agents, coil coatings, inkjet applications, and matting agents, alongside engineering blasting services and on-site mixed explosive solutions. Products serve coal and non-coal mining, cement and iron ore operations, infrastructure projects like roads and railways, and special blasting applications. Founded in 2006 and headquartered in Xinzhou, Shanxi Province, the company operates production bases in Hequ County, Guangling County, and Dayu County, with subsidiaries focused on explosives and materials; it maintains around 1,539 employees and holds certifications as a national high-tech enterprise and Shanxi specialized small-to-medium enterprise. In late 2023, Shanxi Tond Chemical divested Guangling County Tond Jinghua Chemical Co., Ltd. and Qingshuihe County Tongmeng Chemical Co., Ltd. to Inner Mongolia Shengli Explosive Co., Ltd. for CNY 653 million, a transaction approved by shareholders in December 2023; additionally, in September 2025, subsidiary Tongde Kechuang Materials publicly solicited partners for its 240,000-ton-per-year 1,4-butanediol (BDO) project as part of polybutylene expansion efforts.