Jiangsu Baichuan High-Tech New Materials Co.,Ltd. Class A

Jiangsu Baichuan High-Tech New Materials Co.,Ltd. Class A

SSZSE:002455
6.19
CNY
0.00
(0.00%)
-0.23EPS
5.20BMarket 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
5.32
6.36
4.96
4.37
5.18
5.72
5.17
4.28
7.98
7
6.97
9.2
9.63
9.59
Basic EPS, GAAP
0.08
0.12
0.13
0.17
0.22
0.2
0.13
0.13
0.42
0.23
-0.79
0.18
-0.18
-0.05
Free Cash Flow per Basic Share
-0.61
0.38
0.85
0.17
0.22
0.05
-0.49
-1.47
-2.38
-3.66
-1.94
-0.01
0.2
- -
Dividend per Share
0.14
0.19
0.22
0.16
0.16
0.16
0.19
0.22
0.3
0.37
0.46
0.4
0.45
0.44
Book Value per Share
1.65
1.71
1.71
1.79
2.56
2.59
2.57
2.78
3.37
4
3.14
3.24
3.01
3.87
Tangible Book Value per Share
1.46
1.52
1.53
1.65
2.42
2.45
2.32
2.37
2.91
3.58
2.71
2.81
2.61
3.55
Basic Weighted Avg Shares
471
457
463
469
475
529
498
511
537
591
590
604
599
632
Sales/Revenue/Turnover
2,504
2,905
2,296
2,053
2,465
3,027
2,575
2,187
4,285
4,131
4,112
5,556
5,766
6,065
Operating Margin (%)
3.18
3.99
3.9
4.17
5.01
4.96
4.07
2.53
7.25
5.37
-3.37
5.39
0.24
2.32
Depreciation Expense
73
85
93
105
102
111
114
118
184
297
362
564
694
- -
Net Income, GAAP
40
55
60
80
105
106
65
66
226
136
-466
109
-108
-30
Effective Tax Rate (%)
11.51
13.32
12.15
20.97
14.41
13.19
11.36
10.65
7.88
- -
- -
- -
- -
- -
Profit Margin (%)
1.6
1.89
2.62
3.89
4.24
3.5
2.51
3.04
5.27
3.29
-11.33
1.96
-1.87
-0.5
Working Capital
-155
-161
-173
-209
245
138
22
-361
-784
-1,454
-3,354
-4,323
-4,276
-3,990
LT Debt
54
85
45
25
- -
- -
200
698
1,049
1,961
2,421
1,930
2,030
1,039
Total Equity
783
812
812
849
1,325
1,341
1,329
1,887
2,447
2,987
2,384
2,248
1,927
2,890
Return on Invested Capital (%)
2.51
2.81
3.32
5.11
4.17
4.84
2.73
2.06
4.96
- -
- -
- -
- -
- -
Return on Capital (%)
4.97
5.66
6.01
6.98
7.45
6.39
4.23
2.92
6.16
- -
- -
- -
- -
- -
Return on Common Equity (%)
5.2
6.88
7.41
9.61
9.62
7.94
4.85
4.81
13.51
6.35
-22.02
5.74
-5.8
-1.25

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
4,638
4,779
5,195
LT Borrowings
2,030
1,271
1,039
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
594
722
722
Market Capitalization
4,261
10,476
5,202

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
2,802
3,537
3,984
Cash, Cash Equivalents & STI
647
1,036
1,257
Accounts Receivable, Net
361
429
458
Inventories
1,605
1,883
2,136
Total Current Liabilities
7,078
7,285
7,974
Payables & Accruals
- -
- -
- -
ST Debt
4,638
4,779
5,195
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
11.44%
2.31%
-14.29%
Free Cash Flow
-287.34%
-394.44%
-1,964.57%
Net Income, GAAP
-53.71%
-113.19%
-199.18%
Sales/Revenue/Turnover
13.31%
26.16%
3.78%
Total Cash Common Dividend
12.04%
20.81%
10.85%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,178
1,457
1,274
1,647
5,556
2025
1,450
1,460
- -
1,489
5,766
2026
1,456
1,661
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.06
0.11
- -
0.01
0.18
2025
0.07
0.02
- -
-0.19
-0.18
2026
0.03
0.07
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.11
0.1
0.1
0.1
0.4
2025
0.07
0.17
- -
0.13
0.45
2026
0.08
0.08
- -
- -
- -

Company Description

CEO
Guo Qiang Jiang
Full Time Employees
3,548
Sector
Process industries
Industry
Chemicals: specialty
Address
No. 55, Jianshe Road Jiangyin JS China 214422
IPO Date
Jul 20, 2010
Website
bcchem.com
Business
Jiangsu Baichuan High-Tech New Materials Co., Ltd. (002455.SZ) manufactures and sells fine chemicals, new materials, and new energy products primarily in China and internationally. The company produces a broad range of fine chemical products including environment-friendly organic solvents such as n-butyl acetate, ethyl acetate, propyl acetate, and propylene glycol methyl ether acetate; anhydrides and derivatives like terephthalic anhydride; plasticizers such as trioctyl terephthalate; polyols including trimethylolpropane, neopentyl glycol, and di(trimethylolpropane); heat-resistant environment-friendly plasticizers; insulating resins and enamel wire paints; powder coating monomers; and photocurable coating monomers, which serve industries including coatings, printing inks, adhesives, paints, pharmaceuticals, household appliances, and furniture. In new materials, it offers needle coke; anode materials including graphitization; cathode materials; and waste lithium battery resource utilization products applied in steel electrosmelting, lithium-ion batteries, power tools, energy storage, and consumer electronics; while its new energy segment provides lithium iron phosphate and ternary material systems, square aluminum-shell lithium batteries of various specifications, battery packs, energy storage modules, and systems targeting containerized, industrial-commercial, household, and communication backup applications. Jiangsu Baichuan operates production bases through subsidiaries such as Nantong Baichuan New Materials Co., Ltd., Ningxia Baichuan Technology Co., Ltd., Ningxia Baichuan New Materials Co., Ltd., and Jiangsu Higee Energy Co., Ltd., serving global clients like AkzoNobel, PPG Industries, BASF, Nippon Paint, DSM, Kao Corporation, and DuPont. Founded in July 2002 and listed on the Shenzhen Stock Exchange in August 2010, the company maintains its headquarters in Nantong, Jiangsu Province, China, with leading domestic capacity, quality, and market share in key fine chemical categories. Recent developments include the April 2025 official commencement of production for its 2022 fundraising project, an annual capacity of 0.03 million tons of graphite anode material (with 0.08 million tons graphitization), now in mass production with gradually increasing capacity utilization; the March 2025 completion of a 50 million yuan equity repurchase of 7.14% stake in Ningxia Baichuan Technology from Ningxia Industrial Guidance Fund; a CNY 520 million funding infusion to subsidiary Nantong Baichuan New Materials; the entry into mass production of its 2GWh lithium-ion battery and battery pack project; and 2024 full-year revenue of 5.556 billion yuan (up 35.10% year-over-year) with net profit attributable to shareholders turning positive at 0.109 billion yuan. In July 2025, the company confirmed ongoing mass production of its anode project and long-term stable partnerships with leading domestic graphite electrode manufacturers amid U.S. graphite duties; its subsidiary Haiji New Energy advances sodium-ion battery R&D with finished products released but no immediate production plans; and it maintains sustained needle coke output without current liquid-cooled server or photoresist production.