CompanyGraph
Ningbo Changhong Polymer Scientific Co., Ltd.
605008 · SSE · China
changhongpolymer.com.cnFinancials as of FY2025
What stands out
- Revenue is growing, but receivables have grown faster over the last six to eight years
At a glance
- Depends onDownstream position: depends on 10 industries, supplies 6
- ScaleMarket cap is $1.23B, above the global median of $1.15B
- PositionCurrent ratio is 0.62×, lower than 95% of its Specialty Chemicals peers (median 1.73×)
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What stands out
- Revenue is growing, but receivables have grown faster over the last six to eight years
Financials view
Market Capitalization
8.30BCNY1.23B · vs all stocks (USD)
Revenue (TTM)
4.00BCNY595.19M · vs all stocks (USD)
Profit Margin
-0.51%vs Specialty Chemicals peers
Beta
0.3000xvs all stocks
52-Week Change
-15.85%vs all stocks
Market Capitalization
8.30BCNY1.23B · vs all stocks (USD)
Enterprise Value
11.00BCNY1.64B · vs all stocks (USD)
Forward P/E
22.67xvs Specialty Chemicals peers
Price to Sales (TTM)
2.09xvs Specialty Chemicals peers
Price to Book (MRQ)
4.25xvs Specialty Chemicals peers
Enterprise to Revenue
2.75xvs Specialty Chemicals peers
Enterprise to EBITDA
40.04xvs Specialty Chemicals peers
Gross Margin
5.57%vs Specialty Chemicals peers
Profit Margin
-0.51%vs Specialty Chemicals peers
Operating Margin
-0.28%vs Specialty Chemicals peers
Return on Assets (TTM)
0.56%vs Specialty Chemicals peers
Return on Equity (TTM)
-1.04%vs Specialty Chemicals peers
Revenue (TTM)
4.00BCNY595.19M · vs all stocks (USD)
Revenue per Share (TTM)
4.75CNYUpdated Aug 21, 2026Quarterly Revenue Growth
11.10%vs Specialty Chemicals peers
Gross Profit (TTM)
277.36MCNY41.25M · vs all stocks (USD)
EBITDA (TTM)
307.39MCNY45.71M · vs all stocks (USD)
Net Income (TTM)
-20.41MCNY-3.04M · vs all stocks (USD)
Quarterly Earnings Growth (YoY)
-27.60%vs Specialty Chemicals peers
Operating Cash Flow (TTM)
-185.26MCNY-27.55M · vs all stocks (USD)
Levered Free Cash Flow (TTM)
-403.11MCNY-59.95M · vs all stocks (USD)
Payout Ratio
0.00%vs Specialty Chemicals peers
Minority Interest (Equity)
15.61MCNYFY2025 · Dec 31, 2025Revenue
3.92BCNYFY2025 · Dec 31, 2025Cost of Goods Sold
3.63BCNYFY2025 · Dec 31, 2025Gross Profit
289.99MCNYFY2025 · Dec 31, 2025Operating Income
92.04MCNY13.69M · vs all stocks (USD)
Pre-tax Income
-22.03MCNYFY2025 · Dec 31, 2025Income Tax Expense
-13.83MCNYFY2025 · Dec 31, 2025Net Income
-8.20MCNYFY2025 · Dec 31, 2025EBIT
81.52MCNYFY2025 · Dec 31, 2025EBITDA (Income Statement)
307.39MCNYFY2025 · Dec 31, 2025Research & Development
126.63MCNYFY2025 · Dec 31, 2025Selling, General & Administrative
25.05MCNYFY2025 · Dec 31, 2025Other Operating Expenses
16.90MCNYFY2025 · Dec 31, 2025Non-operating Interest Income
2.34MCNYFY2025 · Dec 31, 2025Non-operating Interest Expense
103.54MCNYFY2025 · Dec 31, 2025EPS (Basic)
-0.0100CNYFY2025 · Dec 31, 2025EPS (Diluted)
-0.0100CNYFY2025 · Dec 31, 2025Basic Shares Outstanding
798.56MSharesFY2025 · Dec 31, 2025Diluted Shares Outstanding
798.56MSharesFY2025 · Dec 31, 2025Net Income from Continuing Operations
-8.20MCNYFY2025 · Dec 31, 2025Minority Interests (P&L)
211.30KCNYFY2025 · Dec 31, 2025Preferred Stock Dividends
0.00CNYFY2025 · Dec 31, 2025Operating Cash Flow
-638.96MCNYFY2025 · Dec 31, 2025Free Cash Flow
-988.63MCNYFY2025 · Dec 31, 2025Cash & Cash Equivalents (End of Period)
235.86MCNYFY2025 · Dec 31, 2025Starting Profit (CF Statement)
-8.20MCNYFY2025 · Dec 31, 2025Other Non-cash Items
104.53MCNYFY2025 · Dec 31, 2025Change in Accounts Receivable (CF)
-537.82MCNYFY2025 · Dec 31, 2025Change in Other Assets/Liabilities
-197.47MCNYFY2025 · Dec 31, 2025Capital Expenditures
-349.67MCNYFY2025 · Dec 31, 2025Net Acquisitions
-130.13MCNYFY2025 · Dec 31, 2025Net Investing Cash Flow
-479.80MCNYFY2025 · Dec 31, 2025Long-term Debt Issuance
2.77BCNYFY2025 · Dec 31, 2025Long-term Debt Payments
-1.89BCNYFY2025 · Dec 31, 2025Common Dividends Paid
-92.96MCNYFY2025 · Dec 31, 2025Other Financing Charges
-105.12MCNYFY2025 · Dec 31, 2025Net Financing Cash Flow
677.55MCNYFY2025 · Dec 31, 2025Shares Outstanding
645.96MSharesUpdated Aug 21, 2026Float Shares
105.11MSharesUpdated Aug 21, 2026% Held by Insiders
84.54%vs all stocks
% Held by Institutions
1.57%vs all stocks
Total Cash (MRQ)
316.53MCNY47.07M · vs all stocks (USD)
Total Cash per Share (MRQ)
0.4920CNYUpdated Aug 21, 2026Total Debt (MRQ)
3.10BCNY461.67M · vs all stocks (USD)
Total Debt to Equity (MRQ)
1.58xvs Specialty Chemicals peers
Current Ratio (MRQ)
0.6210xvs Specialty Chemicals peers
Book Value per Share (MRQ)
3.04CNYUpdated Aug 21, 2026Total Assets
6.32BCNY940.31M · vs all stocks (USD)
Total Current Assets
1.67BCNYFY2025 · Dec 31, 2025Total Liabilities
4.33BCNYFY2025 · Dec 31, 2025Total Non-current Assets
4.65BCNYFY2025 · Dec 31, 2025Total Non-current Liabilities
1.73BCNYFY2025 · Dec 31, 2025Total Current Liabilities
2.60BCNYFY2025 · Dec 31, 2025Cash
235.86MCNYFY2025 · Dec 31, 2025Cash Equivalents
112.71MCNYFY2025 · Dec 31, 2025Cash & Cash Equivalents
348.57MCNYFY2025 · Dec 31, 2025Accounts Receivable
499.60MCNYFY2025 · Dec 31, 2025Inventory
327.54MCNYFY2025 · Dec 31, 2025Accounts Payable
751.27MCNYFY2025 · Dec 31, 2025Short-term Debt
1.65BCNYFY2025 · Dec 31, 2025Other Current Liabilities
110.49MCNYFY2025 · Dec 31, 2025Long-term Debt
1.42BCNYFY2025 · Dec 31, 2025Other Non-current Liabilities
19.36MCNYFY2025 · Dec 31, 2025Common Stock (Book)
645.96MCNYFY2025 · Dec 31, 2025Retained Earnings
888.64MCNYFY2025 · Dec 31, 2025Total Shareholders' Equity
2.00BCNY296.75M · vs all stocks (USD)
Treasury Stock
50.01MCNYFY2025 · Dec 31, 202552-Week Low
10.20CNYUpdated Aug 21, 202652-Week High
19.30CNYUpdated Aug 21, 202652-Week Change
-15.85%vs all stocks
Beta
0.3000xvs all stocks
50-Day MA
11.73CNYUpdated Aug 21, 2026200-Day MA
13.00CNYUpdated Aug 21, 2026Avg 10-Day Volume
4.03MSharesUpdated Aug 21, 2026Avg 30-Day Volume
3.20MSharesUpdated Aug 21, 2026Diluted EPS (TTM)
-0.0200CNYUpdated Aug 21, 2026Shared structure with peers — never a ranking.
Relationships view
Structural observations derived from financial data, industry benchmarks, and supply chain position.
Peer Positioning
Current ratio is 0.62×, lower than 95% of its Specialty Chemicals peers (median 1.73×)Significant
Current ratio: 0.62Industry median: 1.73Industry P5: 0.71Peers compared: 144
Debt-to-equity is 1.58×, higher than 95% of its Specialty Chemicals peers (median 0.45×)Significant
Debt-to-equity: 1.58Industry median: 0.45Industry P95: 1.38Peers compared: 144
Structural Tensions
Revenue is growing, but receivables have grown faster over the last six to eight yearsSignificant
Revenue Growth YoY: 0.11Receivables vs revenue divergence: 4.26
Financial Health
Altman Z-Score 1.83: grey zoneSignificant
Altman Z-Score: 1.83
Supply Chain
Downstream position: depends on 10 industries, supplies 6Notable
Outgoing: 6.00Incoming: 10.00
High connectivity hub: 16 industry connectionsNotable
Total Connections: 16.00
Scale
Market cap is $1.23B, above the global median of $1.15BNotable
Market cap (USD): 1,234,384,756.895Global Median: 1,146,734,693.424
Revenue is $595.19M, above the global median of $520.53MNotable
Revenue (USD): 595,187,310.42Global Median: 520,528,949.311
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Supply Chain
Petrochemicals Supply Chain
Follow hydrocarbons through cracking, separation, polymers, conversion, use, and recovery. A cracker produces a coupled slate, so feedstock, product demand, contracts, plant configuration, and waste routes constrain one another.
Plastics Supply Chain
Follow feedstock through monomer and polymer production, compounding, conversion, packaging, use, collection, recycling, combustion, and disposal. Resin tonnes and recycling rates are bounded measurements, not proof that the original function returned.
Natural Rubber Supply Chain
Follow natural rubber from tree and tapping through coagulation, grading, compounding, vulcanization, service, and recovery. The chain preserves some properties while closing others, and money arrives on a faster clock than a new stand of trees.