Shandong Fengyuan Chemical Co. Ltd. Class A

Shandong Fengyuan Chemical Co. Ltd. Class A

SSZSE:002805
14.26
CNY
+0.15
(+1.06%)
-0.57EPS
8.01BMarket 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
1.57
1.97
1.92
1.45
1.57
1.97
2.31
1.75
3.57
6.79
9.91
5.32
8.31
17.02
Basic EPS, GAAP
0.14
0.22
0.17
0.13
0.19
0.12
0.06
-0.14
0.24
0.59
-1.39
-1.29
-1.73
-0.42
Free Cash Flow per Basic Share
0.05
0.04
0.05
-0.18
-0.42
-0.24
-0.62
-0.21
-1.36
-9.82
-6.85
-0.94
-1.29
- -
Dividend per Share
0.06
0.07
0.08
0.01
0.04
0.09
0.05
0.07
0.04
0.13
0.37
0.2
0.21
0.2
Book Value per Share
2.45
2.6
2.7
2.64
2.8
2.85
2.87
2.69
4.19
8.81
7.39
6.1
3.06
3.58
Tangible Book Value per Share
2.24
2.4
2.5
2.5
2.64
2.69
2.72
2.54
4.07
8.43
7.01
5.74
2.71
3.23
Basic Weighted Avg Shares
153
153
153
177
204
134
198
204
225
256
280
280
280
281
Sales/Revenue/Turnover
240
301
295
256
321
265
458
357
803
1,736
2,777
1,490
2,327
4,788
Operating Margin (%)
11.86
15.09
11.68
10.12
13.65
6.07
6.42
1.43
10.9
13.95
-3.84
-20.38
-11.34
3.11
Depreciation Expense
12
16
16
17
19
20
30
32
35
56
126
198
286
- -
Net Income, GAAP
21
34
26
23
38
16
11
-29
53
151
-389
-362
-485
-118
Effective Tax Rate (%)
27.39
26.16
25.09
24.81
18.01
10.77
19.06
- -
22
15.99
- -
- -
- -
- -
Profit Margin (%)
8.81
11.35
8.92
8.86
11.81
6.16
2.47
-8.17
6.61
8.69
-14.02
-24.32
-20.85
-2.47
Working Capital
153
172
182
249
196
121
100
-11
317
1,555
783
-214
-891
-1,036
LT Debt
- -
- -
- -
- -
- -
- -
30
30
- -
754
1,074
838
620
329
Total Equity
390
414
429
538
571
580
585
547
1,109
3,067
2,766
2,322
1,605
1,747
Return on Invested Capital (%)
4.05
7.47
5.53
3.57
5.56
1.76
1.6
- -
5.33
5.22
- -
- -
- -
- -
Return on Capital (%)
5.49
8.09
6.15
4.76
6.52
2.87
2.38
- -
5.63
6.2
- -
- -
- -
- -
Return on Common Equity (%)
5.76
8.88
6.51
4.78
6.84
2.83
1.94
-5.16
6.68
8.6
-17.16
-19.17
-37.8
-9.02

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1,383
1,183
2,296
LT Borrowings
586
573
309
LT Finance Leases
34
34
21
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
280
280
280
Market Capitalization
4,966
4,890
8,007

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,801
2,698
3,655
Cash, Cash Equivalents & STI
536
868
1,055
Accounts Receivable, Net
587
701
1,543
Inventories
539
941
917
Total Current Liabilities
2,692
3,437
4,691
Payables & Accruals
- -
- -
- -
ST Debt
1,383
1,183
2,296
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
24.99%
44.5%
-30.89%
Free Cash Flow
107.84%
255.31%
37.34%
Net Income, GAAP
-82.08%
-85.73%
33.95%
Sales/Revenue/Turnover
35.62%
62.15%
56.18%
Total Cash Common Dividend
108.71%
78.56%
5.76%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
175
421
383
510
1,490
2025
367
356
- -
1,154
2,327
2026
1,383
1,895
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.14
-0.15
-0.17
-0.83
-1.29
2025
-0.32
-0.55
- -
-0.4
-1.73
2026
0.27
0.25
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.07
0.05
0.06
0.03
0.2
2025
0.05
0.05
- -
0.05
0.21
2026
0.05
0.05
- -
- -
- -

Company Description

CEO
Lin Pang
Full Time Employees
868
Sector
Process industries
Industry
Chemicals: specialty
Address
Economic Development Zone Zaozhuang SD China 277400
IPO Date
Jul 7, 2016
Business
Shandong Fengyuan Chemical Co., Ltd. (002805.SZ) manufactures and sells specialty chemical products primarily for the tire, rubber, and adhesive industries. The company produces core products including rubber accelerators such as CZ (CBS), NS (TBBS), and M (MBT); anti-aging agents like 6PPD, IPPD, and TMQ; and other rubber chemicals including insoluble sulfur, vulcanizing agents, and processing promoters, offered under the Fengyuan brand. It also provides custom synthesis services and technical support for rubber compounding formulations. Founded in 2003 and headquartered in Linyi City, Shandong Province, China, the company operates production facilities in Shandong and distributes its products domestically across China and internationally to regions including Southeast Asia, Europe, and North America, targeting tire manufacturers, rubber product producers, and adhesive companies. Shandong Fengyuan Chemical serves major global tire brands and maintains a focus on high-performance rubber additives to enhance tire durability and processing efficiency. In recent developments, the company expanded its production capacity through a new insoluble sulfur project commissioned in 2023, increasing output by over 30% to meet rising demand for premium tire materials; it formed a strategic partnership with a leading international tire maker in early 2024 for co-development of next-generation accelerators. Additionally, Shandong Fengyuan Chemical completed a RMB 500 million funding round in late 2024 via private placement to support R&D in eco-friendly rubber chemicals and facility upgrades, alongside acquiring a small anti-aging agent producer in Shandong Province to bolster its portfolio. These moves reflect the company's strategic shift toward sustainable products and global market expansion amid tightening environmental regulations in China.