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Wankai New Materials Co. Ltd.

301216 · SHE · Basic Materials / Specialty Chemicals

14.97CNY-0.73 (-4.65%)

Price History

Full chart

Market Stats

Previous Close15.70
Open15.80
Day Range14.91 – 15.87
52-Week Range14.83 – 31.20
Volume18.83M
Market Cap9.68B
P/E (TTM)17.03
Forward P/E0.00
EPS0.98
Dividend Yield0.90%
Beta0.61
50-Day Avg17.44
200-Day Avg22.33

About

Wankai New Materials Co., Ltd. engages in the research, development, production, and sale of polyethylene terephthalate (PET) raw materials in China and internationally. The company offers Bottle-Grade Polyester Chips used in the production of bottle packaging containers, such as water bottles, beverage bottles, edible oil bottles, cosmetic bottles, etc. It also provides non-bottle-grade PET chips, including super bright PET raw material for BOPET film, PET polymer to produce fiber or filament yarn, and polyester PET chips for producing photovoltaic back films. In addition, the company offers high-brightness PET resins; PETG resins for heat shrink films and PETG sheets; polyester resins for injection molding; and PCR-PET resins. The company was formerly known as Zhejiang Wankai New Materials Co., Ltd. The company was founded in 2008 and is headquartered in Jiaxing, China.

Company Details

  • SectorBasic Materials
  • IndustrySpecialty Chemicals
  • CEOMr. Haijun Xiao
  • Employees2.48K
  • HeadquartersNo.15. Wenlan Road, Jiaxing, China, 314415, China
  • Websitehttps://www.wkai.cc

Leadership

  • Mr. Haijun XiaoGM & Vice Chairman of the Board · b. 1976
  • Mr. Qiang GaoCFO, Secretary & Director · b. 1972
  • Mr. Zengming QiuChief Engineer, Deputy GM & Director · b. 1969
  • Mr. Canzhong ChenDeputy General Manager · b. 1982
  • Mr. Yanju ZhangDeputy General Manager · b. 1976

Financials

Income Statement

Currency: CNY2019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue9.68B9.30B9.59B19.39B17.53B17.23B15.49B
Growth (%)--3.98%+3.11%+102.22%-9.57%-1.71%-10.08%
Cost of Revenue8.93B8.84B8.88B17.91B16.83B17.08B14.96B
Gross Profit751.79M460.55M707.88M1.47B701.30M147.39M538.66M
Gross Margin7.76%4.95%7.38%7.59%4.00%0.86%3.48%
Operating Expense196.71M97.42M57.41M121.35M173.93M253.77M201.03M
Operating Income555.08M363.13M650.47M1.35B527.37M-106.39M337.63M
Operating Margin5.73%3.91%6.79%6.97%3.01%-0.62%2.18%
EBITDA1.06B745.59M859.53M1.53B882.23M29.01M784.90M
EBITDA Margin10.91%8.02%8.97%7.91%5.03%0.17%5.07%
Net Income367.15M202.57M441.90M954.87M436.52M-299.97M169.10M
Net Income Margin3.79%2.18%4.61%4.93%2.49%-1.74%1.09%
R&D12.85M18.26M27.33M40.18M59.81M60.42M76.74M
R&D as % of Total Revenue0.13%0.20%0.29%0.21%0.34%0.35%0.50%
Interest Expense467.68M73.28M90.42M140.98M101.29M114.14M126.05M
Interest Expense % of Total Revenue4.83%0.79%0.94%0.73%0.58%0.66%0.81%

Balance Sheet

Currency: CNY2019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets4.67B4.84B7.00B12.08B12.76B17.78B17.62B
Total Liabilities3.45B3.49B5.21B6.39B7.05B12.44B11.36B
Total Equity1.22B1.35B1.79B5.69B5.71B5.34B6.18B
Cash995.77M513.45M610.15M3.93B2.04B3.06B2.04B
Net Debt418.80M1.12B2.43B6.82M1.82B4.48B5.07B

Cash Flow

Currency: CNY2019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow623.55M41.14M-595.38M1.04B-126.79M1.27B441.00M
Capital Expenditure546.19M511.10M603.22M1.13B1.84B2.94B1.45B
Free Cash Flow77.36M-469.96M-1.20B-86.96M-1.97B-1.68B-1.01B
Dividends Paid82.10M148.52M95.67M212.70M204.40M210.99M187.21M
FCF to OCF12.41%-1142.35%201.32%-8.35%1554.99%-132.48%-229.63%
Dividend Paid to FCF106.12%-31.60%-7.98%-244.59%-10.37%-12.59%-18.49%

Earnings

Report DateApr 28, 2022Aug 25, 2022Oct 26, 2022Mar 12, 2023Apr 28, 2023Aug 29, 2023Oct 24, 2023Dec 31, 2023Apr 19, 2024Jun 30, 2024Oct 29, 2024Dec 31, 2024Apr 28, 2025Jun 30, 2025Sep 30, 2025Dec 31, 2025Mar 31, 2026Jun 30, 2026
EPS Estimate------------------
EPS Actual0.840.741.000.210.590.280.25-0.090.09-0.00-0.27-0.410.070.020.040.150.660.31
Surprise------------------
TimingAfter-hoursPre-marketAfter-hoursAfter-hoursPre-marketPre-marketAfter-hours-Pre-market-Pre-market-Pre-market-----

Key Statistics & Ratios

Market Cap9.68B
Enterprise Value16.31B
Trailing P/E17.03
Forward P/E0.00
Price / Sales0.57
Price / Book1.55
EPS0.98
Book Value11.55
Revenue (TTM)16.93B
Gross Profit (TTM)1.11B
EBITDA1.31B
Profit Margin3.99%
Operating Margin8.04%
Return on Equity11.23%
Return on Assets2.25%
Shares Outstanding580.20M
Shares Float320.14M
Beta0.61
Dividend Yield0.90%
Dividend Rate0.15
Payout Ratio12.86%

Dividends

20261×
0.15Jul 10, 2026
20251×
0.15May 30, 2025
20241×
0.15Jun 28, 2024
20231×
0.30Jun 7, 2023
20221×
0.13Jun 23, 2022

Stock Splits

  • Jun 7, 20231.5:1