China Sanjiang Fine Chemicals Co., Ltd. (HK:2198)
:2198
Top Page
China Sanjiang Fine Chemicals Co., Ltd.
(2198)
Select Model
Select Model
Rating:52Neutral
Price Target:
HK$4.00
▲(27.80% Upside)
Action:ReiteratedDate:02/03/26
The score is held back primarily by weak financial performance—especially persistent negative free cash flow and high leverage—despite improving revenue and a return to a small net profit. Technicals are supportive with an uptrend across moving averages, and valuation looks inexpensive on P/E, but financial risk remains the dominant factor.
Positive Factors
Diversified product mix
The company serves agrochemical, pharmaceutical and specialty chemical markets with manufacturing scale and industry partnerships. This diversification reduces single-market exposure, supports stable demand across cycles, and underpins steady revenue streams over months.
Negative Factors
High leverage
Elevated debt-to-equity and a low equity ratio create persistent financial risk. High leverage increases interest burden and refinancing exposure, limiting strategic flexibility and raising default risk if cash flows weaken, a durable restraint on balance sheet resilience.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified product mix
The company serves agrochemical, pharmaceutical and specialty chemical markets with manufacturing scale and industry partnerships. This diversification reduces single-market exposure, supports stable demand across cycles, and underpins steady revenue streams over months.
Read all positive factors
China Sanjiang Fine Chemicals Co., Ltd. (2198) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$6.02B
Dividend YieldN/A
Average Volume (3M)5.28M
Price to Earnings (P/E)8.1
Beta (1Y)0.61
Revenue Growth9.20%
EPS Growth213.87%
CountryHK
Employees1,430
SectorBasic Materials
Sector Strength58
IndustryChemicals
Share Statistics
EPS (TTM)0.10
Shares Outstanding1,190,000,000
10 Day Avg. Volume3,186,000
30 Day Avg. Volume5,276,233
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.37
Price to Sales (P/S)0.09
P/FCF Ratio-4.58
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, an investment holding company, manufactures and supplies ethylene oxide and glycol, propylene, polypropylene, methyl tert-butyl ether (MTBE), and surfactants in the People's Republic of China. Its eth...
How the Company Makes Money
China Sanjiang Fine Chemicals generates revenue through multiple key streams, predominantly from the sale of its fine chemical products to industries such as agriculture and pharmaceuticals. The company leverages its extensive manufacturing capabi...
China Sanjiang Fine Chemicals Co., Ltd. Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
50
Neutral
Cash Flow
30
Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 19.45B | 19.59B | 13.13B | 8.82B | 9.50B | 8.32B |
| Gross Profit | 1.12B | 1.11B | 168.77M | -70.38M | 634.52M | 1.63B |
| EBITDA | 1.31B | 1.35B | 812.91M | 349.18M | 388.69M | 1.64B |
| Net Income | 679.63M | 532.55M | 91.48M | -307.88M | 380.61M | 1.12B |
Balance Sheet | ||||||
| Total Assets | 22.57B | 22.11B | 21.00B | 18.26B | 14.28B | 11.02B |
| Cash, Cash Equivalents and Short-Term Investments | 857.02M | 888.79M | 380.05M | 368.44M | 851.83M | 1.28B |
| Total Debt | 11.89B | 11.00B | 10.27B | 10.52B | 6.27B | 4.21B |
| Total Liabilities | 17.38B | 17.21B | 16.64B | 13.93B | 9.54B | 6.23B |
| Stockholders Equity | 5.21B | 4.91B | 4.38B | 4.30B | 4.67B | 4.71B |
Cash Flow | ||||||
| Free Cash Flow | 275.46M | -398.88M | -1.29B | -3.52B | -834.29M | -209.13M |
| Operating Cash Flow | 1.73B | 1.06B | -122.01M | -910.52M | 1.63B | 1.74B |
| Investing Cash Flow | -1.28B | -1.39B | -790.28M | -1.97B | -3.29B | -1.07B |
| Financing Cash Flow | -137.00M | 533.27M | 1.06B | 2.50B | 1.48B | -485.13M |
China Sanjiang Fine Chemicals Co., Ltd. Technical Analysis
Positive
3.13
Price Trends
4.64
Positive
3.84
Positive
2.95
Positive
Market Momentum
0.11
Negative
58.08
Neutral
65.87
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2198, the sentiment is Positive. The current price of 3.13 is below the 20-day moving average (MA) of 4.66, below the 50-day MA of 4.64, and above the 200-day MA of 2.95, indicating a bullish trend. The MACD of 0.11 indicates Negative momentum. The RSI at 58.08 is Neutral, neither overbought nor oversold. The STOCH value of 65.87 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
69 Neutral | HK$4.09B | 7.74 | 6.29% | 6.70% | -3.73% | 6.09% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
61 Neutral | HK$1.19B | 18.52 | 2.46% | 3.52% | -5.29% | -32.47% | |
59 Neutral | HK$1.24B | 7.69 | 3.65% | 2.20% | -8.51% | -68.34% | |
52 Neutral | HK$6.02B | 8.07 | 13.43% | ― | 9.20% | 213.87% | |
40 Underperform | HK$1.71B | 49.52 | 2.60% | ― | 11.08% | 147.89% |
* Basic Materials Sector Average
HK:2198
China Sanjiang Fine Chemicals Co., Ltd.
5.13
3.63
242.00%
HK:0609
Tiande Chemical Holdings Limited
1.35
0.40
42.11%
HK:9933
GHW International
1.69
0.24
16.55%
HK:1702
Dongguang Chemical Ltd.
1.99
0.50
33.56%
HK:0746
Lee & Man Chemical Co. Ltd.
4.96
1.76
55.00%
China Sanjiang Fine Chemicals Co., Ltd. Corporate Events
China Sanjiang Fine Chemicals Shareholders Approve Key Naphtha and Steam Supply Agreements
Jan 15, 2026
China Sanjiang Fine Chemicals Company Limited has secured shareholder approval at its 15 January 2026 extraordinary general meeting for a naphtha sale and purchase agreement with Zhejiang Mei Fu Petrochemical Co., Ltd., including annual transactio...
China Sanjiang Fine Chemicals Sets 2026 Connected Transactions Framework with Jiahua Energy Chemical
Dec 29, 2025
China Sanjiang Fine Chemicals has entered into a series of continuing connected transactions with Jiahua Energy Chemical Co. for 2026, covering ethylene storage and transportation services, as well as the supply and purchase of condensate water, d...
China Sanjiang Signs Connected Port Services Deal to Streamline Chemical Logistics
Dec 29, 2025
China Sanjiang Fine Chemicals Company Limited has signed a one-year framework agreement with connected party Hangzhou Bay Petrochemical Logistics, under which the latter will provide unloading, loading and storage services for the group’s li...
China Sanjiang Fine Chemicals Signs Connected Naphtha Shipping Deal with Gaoyu Shipping
Dec 29, 2025
China Sanjiang Fine Chemicals has entered into a Transportation Agreement under which its subsidiary Sanjiang Chemical will procure naphtha transportation services from connected party Gaoyu Shipping from 1 January 2026 to 31 December 2028, with p...
China Sanjiang Signs RMB6 Million Pipeline Usage Deal With Connected Party Jiahua Energy
Dec 29, 2025
China Sanjiang Fine Chemicals has signed a framework agreement with connected party Jiahua Energy Chemical for the provision of pipeline network usage services from 1 January 2026 to 31 December 2026, with total consideration capped at RMB6 millio...
China Sanjiang Signs 2026 Connected Repair and Maintenance Framework with Gangan Industrial
Dec 29, 2025
China Sanjiang Fine Chemicals Company Limited has entered into a framework agreement with connected party Gangan Industrial under which Gangan Industrial will provide repair and maintenance services for the group’s chemical plants and machin...
China Sanjiang Signs 2026 Ammonium Hydroxide Supply Deal With Connected Party Jiahua
Dec 29, 2025
China Sanjiang Fine Chemicals Company Limited has entered into a continuing connected transaction with Jiahua Energy Chemical Co., under which the group will supply ammonium hydroxide to Jiahua and its subsidiaries from 1 January 2026 to 31 Decemb...
China Sanjiang Fine Chemicals Sets Interim Supply Deals Ahead of Shareholder Vote on Connected Transactions
Dec 22, 2025
China Sanjiang Fine Chemicals has entered into short-term supplemental agreements with related parties Mei Fu Petrochemical and Blue Whale Bioenergy to ensure uninterrupted supply of naphtha, steam, liquefied petroleum gas and fuel gas between 1 a...
China Sanjiang Fine Chemicals Seeks Shareholder Nod for Key Petrochemical Supply Deals
Dec 18, 2025
China Sanjiang Fine Chemicals Company Limited has convened an extraordinary general meeting for 15 January 2026 in Hong Kong, seeking shareholder approval for a series of supply agreements that underpin its core petrochemical operations. The resol...
China Sanjiang Delays Circular Dispatch for Connected Transactions
Dec 12, 2025
China Sanjiang Fine Chemicals Co., Ltd. announced a delay in the dispatch of a circular related to non-exempt continuing connected transactions with Mei Fu Petrochemical and Blue Whale Bioenergy. The circular, which includes details on agreements ...
China Sanjiang Fine Chemicals Engages in New Connected Transactions
Nov 21, 2025
China Sanjiang Fine Chemicals Co., Ltd. has entered into continuing connected transactions with Mei Fu Petrochemical and Blue Whale Bioenergy, effective until December 2028. These transactions involve multiple agreements for services and supplies,...
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.