Ningbo Color Master Batch Co. Ltd.

301019 · SHE · Basic Materials / Specialty Chemicals

13.08CNY-0.22 (-1.65%)

Price History

Full chart

Market Stats

Previous Close13.30

Open13.25

Day Range13.03 – 13.46

52-Week Range13.69 – 23.98

Volume954.76K

Market Cap3.15B

P/E (TTM)26.07

Forward P/E0.00

EPS0.61

Dividend Yield4.09%

Beta0.58

50-Day Avg15.11

200-Day Avg17.54

About

Ningbo Color Master Batch Co., Ltd. engages in the research and development, production, and sales of plastic coloring products in China and internationally. The company offers colored, black, white, additive, and functional masterbatch products under the MINGZHOU brand. Its products are used in electronics, daily necessities, food and beverages, chemicals, building materials, agriculture, automotive plastic parts, medical treatment, shade nets, modified plastics, high-end home appliances, food and beverage packaging, optical films, etc. The company was founded in 1999 and is based in Ningbo, China.

Company Details

SectorBasic Materials
IndustrySpecialty Chemicals
CEOMr. Weiqing Ren
Employees352
HeadquartersNo. 168, Jinhui West Road, Ningbo, China, 315105, China
Websitehttps://www.muli.com.cn

Leadership

Mr. Weiqing RenChairman of the Board & GM · b. 1970
Mr. Chunguang MaoDeputy GM & Director · b. 1965
Mr. Jianguo ChenDirector of GM Office & Board Secretary · b. 1968
Mr. Xi Hua ZhuDeputy General Manager · b. 1979
Yan Qun WangHead of Accounting Department & Accounting Supervisor

Financials

Income Statement

Currency: CNY	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Revenue	280.10M	326.63M	405.42M	429.53M	492.34M	464.15M	451.23M	493.08M	468.86M
Growth (%)	-	+16.61%	+24.12%	+5.95%	+14.62%	-5.73%	-2.78%	+9.28%	-4.91%
Cost of Revenue	185.99M	221.33M	263.67M	260.13M	322.06M	325.15M	293.34M	329.17M	292.86M
Gross Profit	94.11M	105.30M	141.75M	169.40M	170.28M	139.00M	157.89M	163.91M	176.01M
Gross Margin	33.60%	32.24%	34.96%	39.44%	34.59%	29.95%	34.99%	33.24%	37.54%
Operating Expense	45.35M	46.30M	49.04M	51.18M	48.16M	31.38M	40.38M	48.53M	61.71M
Operating Income	48.76M	59.00M	92.71M	118.22M	122.12M	107.61M	117.51M	115.38M	114.30M
Operating Margin	17.41%	18.06%	22.87%	27.52%	24.80%	23.19%	26.04%	23.40%	24.38%
EBITDA	59.73M	68.49M	101.27M	130.71M	135.37M	126.33M	131.35M	129.82M	141.72M
EBITDA Margin	21.32%	20.97%	24.98%	30.43%	27.50%	27.22%	29.11%	26.33%	30.23%
Net Income	41.47M	51.10M	79.31M	104.41M	108.88M	100.47M	101.94M	100.50M	109.96M
Net Income Margin	14.81%	15.64%	19.56%	24.31%	22.11%	21.65%	22.59%	20.38%	23.45%
R&D	10.99M	10.90M	13.17M	15.24M	16.85M	17.59M	18.01M	19.78M	17.44M
R&D as % of Total Revenue	3.92%	3.34%	3.25%	3.55%	3.42%	3.79%	3.99%	4.01%	3.72%
Interest Expense	853.96K	878.00K	978.13K	155.93K	184.35K	162.41K	147.72K	118.73K	164.33K
Interest Expense % of Total Revenue	0.30%	0.27%	0.24%	0.04%	0.04%	0.03%	0.03%	0.02%	0.04%

Balance Sheet

Currency: CNY	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Assets	290.65M	311.15M	344.66M	453.70M	1.07B	1.10B	1.18B	1.25B	1.25B
Total Liabilities	66.00M	87.27M	79.98M	89.80M	82.92M	58.46M	82.35M	113.87M	140.38M
Total Equity	224.66M	223.87M	264.68M	363.91M	983.33M	1.04B	1.10B	1.14B	1.11B
Cash	47.04M	57.54M	68.08M	94.16M	548.00M	508.80M	414.35M	99.24M	57.14M
Total Debt	18.00M	18.00M	14.86M	32.32M	1.79M	23.91K	10.00M	12.26M	-
Net Debt	-29.04M	-39.54M	-53.23M	-61.83M	-546.21M	-508.35M	-403.79M	-86.98M	-

Cash Flow

Currency: CNY	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Operating Cash Flow	57.50M	59.80M	72.51M	36.41M	123.40M	81.82M	96.55M	85.89M	117.32M
Investing Cash Flow	7.49M	-4.43M	-2.96M	-7.56M	-215.75M	-66.07M	-157.95M	-332.88M	-
Financing Cash Flow	-31.39M	-50.92M	-59.98M	-8.02M	540.01M	-40.94M	-38.58M	-58.87M	-
Capital Expenditure	6.53M	5.95M	8.51M	8.32M	17.63M	20.19M	33.78M	79.23M	52.92M
Free Cash Flow	50.97M	53.85M	63.99M	28.09M	105.77M	61.63M	62.77M	6.67M	64.40M
Dividends Paid	30.39M	50.92M	41.98M	5.17M	-	40.00M	48.00M	48.00M	98.98M
FCF to OCF	88.64%	90.05%	88.26%	77.16%	85.72%	75.32%	65.02%	7.76%	54.89%
Dividend Paid to FCF	59.61%	94.56%	65.60%	18.42%	-	64.91%	76.46%	720.00%	153.68%

Earnings

Report Date	Jun 30, 2021	Sep 30, 2021	Dec 31, 2021	Mar 31, 2022	Jun 30, 2022	Sep 30, 2022	Dec 31, 2022	Mar 31, 2023	Jun 30, 2023	Sep 30, 2023	Dec 31, 2023	Mar 31, 2024	Jun 30, 2024	Sep 30, 2024	Dec 31, 2024	Mar 31, 2025	Jun 30, 2025	Sep 30, 2025	Dec 31, 2025	Mar 31, 2026	Jun 30, 2026
EPS Estimate	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EPS Actual	0.13	0.13	0.16	0.13	0.12	0.11	0.13	0.10	0.13	0.15	0.13	0.10	0.14	0.13	0.14	0.13	0.14	0.15	0.14	0.15	0.15
Surprise	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Timing	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Key Statistics & Ratios

Market Cap3.15B

Enterprise Value2.80B

Trailing P/E26.07

Forward P/E0.00

Price / Sales6.11

Price / Book2.91

EPS0.61

Book Value5.37

Revenue (TTM)515.12M

Gross Profit (TTM)190.34M

EBITDA132.82M

Profit Margin22.70%

Operating Margin21.83%

Return on Equity11.05%

Return on Assets5.81%

Shares Outstanding197.96M

Shares Float87.00M

Beta0.58

Dividend Yield4.09%

Dividend Rate0.65

Payout Ratio110.06%

Dividends

20261×

0.65Jul 8, 2026

20251×

0.50Jul 7, 2025

20241×

0.24Feb 22, 2024

20231×

0.24Jul 3, 2023

20221×

0.30May 31, 2022

Stock Splits

Jul 8, 20261.2:1
Jul 11, 20241.4015:1
May 31, 20221.5:1