Wuxi Honghui New Materials Technology Co. Ltd. Class A

Wuxi Honghui New Materials Technology Co. Ltd. Class A

SSZSE:002802
11.78
CNY
+0.17
(+1.46%)
1.91BMarket 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
2.12
2.22
2.14
1.98
2.14
2.84
2.96
3.05
4.16
2.87
2.05
2.54
2.2
- -
Basic EPS, GAAP
0.3
0.22
0.33
0.33
0.4
0.4
0.49
0.51
0.48
0.47
0.28
0.33
0.23
- -
Free Cash Flow per Basic Share
0.27
0.14
0.35
0.29
-0.07
0.13
0.51
0.45
0.33
0.96
0.42
0.09
0.43
- -
Dividend per Share
0.2
0.01
0.01
0.11
0.09
0.21
0.58
0.47
0.29
0.24
0.47
0.37
0.1
- -
Book Value per Share
1.5
1.72
2.05
3
3.3
3.35
3.09
3.18
3.4
3.79
3.65
3.43
3.51
3.59
Tangible Book Value per Share
1.16
1.39
1.73
2.77
3.07
3.12
2.88
2.96
3.19
3.58
3.45
3.24
3.32
3.41
Basic Weighted Avg Shares
137
137
137
159
182
182
182
179
180
180
182
180
179
179
Sales/Revenue/Turnover
291
306
293
315
389
518
538
545
749
516
373
456
393
- -
Operating Margin (%)
16.28
11.76
18.36
17.31
17.05
14.15
17.37
19.31
12.89
16.45
13.18
13.36
10.74
- -
Depreciation Expense
13
15
14
15
17
21
26
26
28
25
22
20
20
- -
Net Income, GAAP
41
31
45
53
72
73
88
92
86
85
51
59
41
- -
Effective Tax Rate (%)
14.77
13.67
14.1
13.91
13.96
12.85
14.49
14.57
13.34
12.46
16.26
13.78
12.91
- -
Profit Margin (%)
14.26
10.11
15.51
16.72
18.56
14.16
16.41
16.87
11.47
16.37
13.65
13.01
10.47
- -
Working Capital
38
77
130
395
398
384
354
373
435
482
471
439
471
501
LT Debt
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Total Equity
205
236
281
548
605
613
567
582
621
690
666
626
640
651
Return on Invested Capital (%)
14.78
10.87
15.19
11.64
10.96
12.09
15.02
16.21
14.49
13
7.52
9.22
6.63
- -
Return on Capital (%)
18.17
12.67
15.87
12.34
12.51
11.84
15
16
14.3
12.9
7.5
9.17
6.51
- -
Return on Common Equity (%)
21.1
14.01
17.54
12.69
12.51
12.05
14.97
16
14.29
12.9
7.51
9.17
6.51
- -

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
182
181
181
Market Capitalization
2,268
2,333
1,907

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
517
539
546
Cash, Cash Equivalents & STI
367
386
383
Accounts Receivable, Net
61
62
91
Inventories
25
24
25
Total Current Liabilities
46
40
45
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
11.22%
2.11%
2.26%
Free Cash Flow
26.43%
82.7%
382.12%
Net Income, GAAP
1.72%
-12.39%
-30.45%
Sales/Revenue/Turnover
5.67%
-2.56%
-13.64%
Total Cash Common Dividend
128.9%
-10.98%
-73.03%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
70
140
133
112
456
2025
94
103
- -
96
393
2026
94
129
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.02
0.13
0.1
0.08
0.33
2025
0.06
0.06
- -
0.06
0.23
2026
0.07
0.09
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
0.12
0.37
2025
- -
- -
- -
- -
0.1
2026
- -
- -
- -
- -
- -

Company Description

CEO
Tian Yuan Ma
Full Time Employees
270
Sector
Process industries
Industry
Chemicals: specialty
Address
New Material Industrial Park Wuxi JS China 214196
IPO Date
Jun 29, 2016
Business
Wuxi Honghui New Materials Technology Co., Ltd. (002802.SZ) engages in the research, development, production, and sales of specialty vinyl chloride copolymers and related emulsions, primarily serving the inks, coatings, adhesives, and plastic processing industries. The company offers a comprehensive range of products including vinyl chloride-vinyl acetate binary copolymer resins; carboxyl-containing ternary copolymer resins; hydroxyl-containing ternary copolymer resins; vinyl chloride copolymer emulsions; modified water-based emulsions such as waterborne epoxy and acrylic emulsions; and plastic processing resins like those used for color chips, PVC flooring, magnetic cards, and building materials. These products find applications in gravure inks, screen printing inks, retort inks, food packaging coatings, pharmaceutical sealing glues, cigarette packaging inks, paints, PVC product coatings, and adhesives, with an annual production capacity of 100,000 tons for vinyl resins and 60,000 tons for water-based products. Founded in 2001 and headquartered at No. 1 Minxiang Road, Donggang Town, Xishan District, Wuxi City, Jiangsu Province, China, the company operates primarily in domestic markets while exporting to North America, Europe, Southeast Asia, the Middle East, and East Asia including Japan and South Korea. It maintains a workforce of approximately 276-307 employees and holds recognitions as a Jiangsu high-tech enterprise, provincial enterprise technology center, and provincial engineering technology research center, emphasizing independent innovation and R&D with dedicated platforms and senior technical personnel. In recent developments, the company authorized a share repurchase program on August 15, 2025, to buy back up to CNY 20 million worth of shares at no more than CNY 15.9 per share, with repurchased shares to be canceled following shareholder approval at an Extraordinary General Meeting on September 5, 2025; this initiative aims to reduce registered share capital using internal funds over a six-month period. Additionally, Wuxi Xigang Qixing Technology Partnership Enterprise (Limited Partnership) completed the acquisition of a 29.99% stake in the company, marking a significant ownership change. The firm continues to focus on expanding its water-based resin offerings and technological advancements to meet diversified customer needs in green chemical materials.