China Sanjiang Fine Chemicals Co., Ltd. (HK:2198)
:2198
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China Sanjiang Fine Chemicals Co., Ltd.
(2198)
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Rating:49Neutral
Price Target:
HK$3.00
▼(-4.15% Downside)
Action:Reiterated
Date:05/30/26
The score is held down primarily by elevated financial risk (high leverage and consistently negative free cash flow) and bearish technicals with the stock in a pronounced downtrend. A relatively low P/E provides some valuation support, but it is not enough to outweigh weak cash conversion and negative momentum.
Positive Factors
Profitability Recovery
The company returned to solid profitability in 2024–2025 after the 2022–2023 downturn, indicating operational resilience and cost control. Sustained profits help cover fixed costs, support reinvestment, and improve creditor confidence, giving more durable earnings stability over the next several quarters.
Negative Factors
High leverage
Debt-to-equity above ~2x materially limits financial flexibility and raises refinancing and interest-rate sensitivity. Elevated leverage constrains capacity for capital expenditure, dividend support, or tactical investments, making the firm vulnerable to prolonged commodity downturns or tightening credit conditions.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability Recovery
The company returned to solid profitability in 2024–2025 after the 2022–2023 downturn, indicating operational resilience and cost control. Sustained profits help cover fixed costs, support reinvestment, and improve creditor confidence, giving more durable earnings stability over the next several quarters.
Read all positive factors
China Sanjiang Fine Chemicals Co., Ltd. (2198) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$3.52B
Dividend YieldN/A
Average Volume (3M)5.28M
Price to Earnings (P/E)7.4
Beta (1Y)0.85
Revenue Growth-5.68%
EPS Growth-25.13%
CountryHK
Employees1,430
SectorBasic Materials
Sector Strength58
IndustryChemicals
Share Statistics
EPS (TTM)0.35
Shares Outstanding1,190,000,000
10 Day Avg. Volume3,186,000
30 Day Avg. Volume5,276,233
Financial Highlights & Ratios
PEG Ratio-0.33
Price to Book (P/B)0.60
Price to Sales (P/S)0.17
P/FCF Ratio-4.72
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
China Sanjiang Fine Chemicals Co., Ltd. Business Overview & Revenue Model
Company Description
China Sanjiang Fine Chemicals Company Limited functions as an investment holding enterprise within the People's Republic of China, focusing on the production and distribution of a diverse range of chemical products. Its primary offerings include e...
How the Company Makes Money
China Sanjiang Fine Chemicals makes money primarily by manufacturing and selling petrochemical and polyester-chain chemical products to downstream industrial customers. Its core revenue stream is product sales, where revenue is recognized based on...
China Sanjiang Fine Chemicals Co., Ltd. Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
44
Neutral
Cash Flow
32
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 18.47B | 19.59B | 13.13B | 8.82B | 9.50B |
| Gross Profit | 898.20M | 1.11B | 168.77M | -70.38M | 634.52M |
| EBITDA | 1.63B | 1.35B | 812.91M | 349.18M | 388.69M |
| Net Income | 407.26M | 532.55M | 91.48M | -307.88M | 380.61M |
Balance Sheet | |||||
| Total Assets | 22.38B | 22.11B | 21.00B | 18.26B | 14.28B |
| Cash, Cash Equivalents and Short-Term Investments | 2.23B | 888.79M | 380.05M | 368.44M | 851.83M |
| Total Debt | 11.82B | 11.00B | 10.27B | 10.52B | 6.27B |
| Total Liabilities | 17.08B | 17.21B | 16.64B | 13.93B | 9.54B |
| Stockholders Equity | 5.32B | 4.91B | 4.38B | 4.30B | 4.67B |
Cash Flow | |||||
| Free Cash Flow | -677.70M | -398.88M | -1.29B | -3.52B | -834.29M |
| Operating Cash Flow | 912.48M | 1.06B | -122.01M | -910.52M | 1.63B |
| Investing Cash Flow | -1.55B | -1.39B | -790.28M | -1.97B | -3.29B |
| Financing Cash Flow | 717.35M | 533.27M | 1.06B | 2.50B | 1.48B |
China Sanjiang Fine Chemicals Co., Ltd. Technical Analysis
Negative
3.13
Price Trends
4.46
Negative
4.52
Negative
3.58
Negative
Market Momentum
-0.36
Negative
29.87
Positive
18.26
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2198, the sentiment is Negative. The current price of 3.13 is below the 20-day moving average (MA) of 3.56, below the 50-day MA of 4.46, and below the 200-day MA of 3.58, indicating a bearish trend. The MACD of -0.36 indicates Negative momentum. The RSI at 29.87 is Positive, neither overbought nor oversold. The STOCH value of 18.26 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2198.
China Sanjiang Fine Chemicals Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | HK$34.91B | 18.77 | 12.00% | 0.98% | 1.21% | 108.04% | |
69 Neutral | HK$3.72B | 9.70 | 6.29% | 6.70% | -4.96% | 15.75% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
60 Neutral | HK$1.05B | 14.98 | 2.57% | 3.52% | 1.20% | -7.22% | |
49 Neutral | HK$3.52B | 7.35 | 7.74% | ― | -5.68% | -25.13% | |
47 Neutral | HK$9.09B | -20.36 | -11.55% | ― | 77.67% | -259.39% | |
40 Underperform | HK$9.44B | 144.80 | 0.46% | 1.16% | -17.38% | 224.44% |
* Basic Materials Sector Average
HK:2198
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China Sanjiang Fine Chemicals Co., Ltd. Corporate Events
China Sanjiang Wins Strong Shareholder Backing at AGM, Confirms Dividend and Mandates
May 22, 2026
China Sanjiang Fine Chemicals Company Limited reported that all resolutions at its 22 May 2026 annual general meeting were approved by shareholders through poll voting. Shareholders received and approved the 2025 audited financial statements, re-e...
China Sanjiang Fine Chemicals Sets 2026 AGM to Approve Results and Share Issuance Mandate
Apr 21, 2026
China Sanjiang Fine Chemicals Company Limited has called its annual general meeting for 22 May 2026 in Hong Kong, where shareholders will review and approve the audited consolidated financial statements and reports for the year ended 31 December 2...
China Sanjiang Fine Chemicals Signs Connected Naphtha Supply Deal With Blue Whale Bioenergy
Apr 2, 2026
China Sanjiang Fine Chemicals has moved to secure a stable supply of naphtha feedstock, with subsidiary Sanjiang Chemical signing a purchase agreement with Blue Whale Bioenergy that will run from 2 April 2026 until the end of the year. The arrange...
China Sanjiang Fine Chemicals Updates Final Dividend for 2025
Apr 2, 2026
China Sanjiang Fine Chemicals Company Limited has updated its annual results announcement for the year ended 31 December 2025 to revise details of its final cash dividend. The board now proposes a final ordinary dividend of HKD 0.05 per share, pay...
China Sanjiang Fine Chemicals Proposes HKD 0.5 Final Dividend for 2025
Apr 1, 2026
China Sanjiang Fine Chemicals Company Limited has proposed a final ordinary cash dividend of HKD 0.5 per share for the financial year ended 31 December 2025, subject to shareholder approval on 22 May 2026. The dividend will be paid in Hong Kong do...
China Sanjiang Profit Slides on Margin Squeeze as Group Shifts to Defensive Strategy
Mar 27, 2026
China Sanjiang Fine Chemicals reported that in 2025 its revenue fell 5.7% to RMB18.47 billion, with gross profit down 19.1% and net profit attributable to shareholders down 23.5%, as gross margin narrowed to 4.9%. Profit pressure stemmed mainly fr...
China Sanjiang Unit Bids Up to RMB220 Million for Stake in Ningbo Petrochemical Storage Firm
Mar 27, 2026
China Sanjiang Fine Chemicals’ indirect wholly owned unit Sanjiang Chemical has submitted a public tender to inject up to RMB220 million into Ningbo Xinrun Petrochemical Storage Transportation to acquire a 15%–20% equity stake, paying...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.