60

Red Avenue New Materials Group Co Ltd

603650 · SHG · Basic Materials / Specialty Chemicals

47.75CNY-0.52 (-1.08%)

Price History

Full chart

Market Stats

Previous Close48.27
Open48.90
Day Range47.35 – 50.77
52-Week Range37.33 – 102.28
Volume13.02M
Market Cap42.62B
P/E (TTM)64.23
Forward P/E0.00
EPS0.97
Dividend Yield0.80%
Beta0.73
50-Day Avg63.70
200-Day Avg60.13

About

Red Avenue New Materials Group Co., Ltd. manufactures materials for the tire, electronics, and biodegradable materials industries. The company operates through three segments: Rubber Additives for Tyres and Other Chemical Products, Electronic Materials, and Fully Biodegradable Materials. The company's Rubber Additives for Tyres and Other Chemical Products segment manufactures phenolic resins, rubber processing aids, silica and functional additives, chemical peptizers, anti-reversion agents, homogenizers, and coupling agents for carbon black. The segment also produces PTPB (para-tertiary-butylphenol), DMB (2,6-dimethylol-4-methylphenol), rubber wax, cobalt, and processing oils for rubber and tire applications. The company's Electronic Materials segment manufactures semiconductor photoresists, IC photoresists, display photoresists, EBR (electronic resin), and PMA (photoresist material additive), along with high-purity solvents and CMP (chemical mechanical polishing) polishing pads. This segment also produces electronic resins, including phenolic resins for display photoresists and G/I-line photoresists, PHS resins for KrF photoresists, organic insulating films, and light-emitting materials, and provides Turnkey Electronic Solutions for semiconductor and display panel manufacturing. The company's Fully Biodegradable Materials segment manufactures PBAT (polybutylene adipate terephthalate) products used in packaging materials and agricultural mulch films, bio-compostable materials for daily use, food contact, and agriculture, and high-transparency food packaging materials. It serves the automotive tire, semiconductor, and display panel industries internationally. Red Avenue New Materials Group Co., Ltd. was founded in 1999 and is headquartered in Shanghai, China.

Company Details

  • SectorBasic Materials
  • IndustrySpecialty Chemicals
  • CEOWen Qing Zhu
  • Employees1.30K
  • HeadquartersShanghai Tower, Shanghai, China, 200120, China
  • Websitehttps://www.rachem.com

Leadership

  • Wen Qing ZhuAccounting Supervisor

Financials

Income Statement

Currency: CNY2014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue1.79B1.56B1.73B1.90B2.17B2.21B2.05B2.32B2.50B2.94B3.27B3.43B
Growth (%)--12.75%+11.06%+9.71%+14.41%+1.52%-7.34%+13.42%+7.74%+17.74%+11.10%+4.85%
Cost of Revenue1.35B1.03B1.12B1.22B1.39B1.44B1.42B1.76B1.90B2.25B2.47B2.60B
Gross Profit436.10M526.62M611.54M677.25M787.39M766.24M624.14M557.86M599.81M691.24M802.75M829.65M
Gross Margin24.39%33.75%35.29%35.63%36.20%34.70%30.51%24.04%23.99%23.48%24.55%24.20%
Operating Expense262.84M398.95M253.72M286.60M293.89M402.09M155.24M224.11M297.74M263.80M337.02M488.40M
Operating Income173.25M127.67M357.82M390.65M493.50M364.15M468.90M333.75M302.06M427.45M465.74M341.25M
Operating Margin9.69%8.18%20.65%20.55%22.69%16.49%22.92%14.38%12.08%14.52%14.24%9.95%
EBITDA191.39M201.11M399.72M459.14M523.29M503.47M430.15M279.14M304.31M373.55M445.33M900.57M
EBITDA Margin10.70%12.89%23.07%24.15%24.06%22.80%21.02%12.03%12.17%12.69%13.62%26.26%
Net Income144.28M76.62M262.73M314.87M412.27M330.60M410.49M326.59M298.15M406.60M516.77M562.55M
Net Income Margin8.07%4.91%15.16%16.56%18.96%14.97%20.06%14.07%11.93%13.81%15.80%16.41%
R&D34.55M43.81M42.88M69.64M93.49M89.98M82.71M146.53M158.15M179.78M216.57M232.51M
R&D as % of Total Revenue1.93%2.81%2.47%3.66%4.30%4.08%4.04%6.32%6.33%6.11%6.62%6.78%
Interest Expense13.79M17.71M21.26M15.30M16.73M38.57M59.01M78.84M77.39M84.08M99.36M108.54M
Interest Expense % of Total Revenue0.77%1.14%1.23%0.81%0.77%1.75%2.88%3.40%3.10%2.86%3.04%3.17%

Balance Sheet

Currency: CNY2014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets1.37B1.43B1.66B1.88B3.17B4.09B4.58B5.98B6.86B7.33B8.41B9.22B
Total Liabilities829.29M1.01B637.10M678.46M859.06M1.68B1.97B3.14B3.72B3.83B4.95B4.96B
Total Equity464.94M407.70M1.01B1.17B2.27B2.25B2.45B2.78B3.04B3.41B3.35B4.19B
Cash155.05M355.43M475.02M530.30M1.15B695.72M620.64M509.56M634.28M743.99M1.17B1.24B
Total Debt207.00M320.80M292.53M245.00M338.90M1.05B1.39B2.04B2.56B2.95B2.79B-
Net Debt51.95M-34.63M-182.49M-285.30M-815.20M354.31M765.43M1.53B1.93B2.20B1.62B1.58B

Cash Flow

Currency: CNY2014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow117.99M170.32M255.37M229.30M352.04M418.78M206.97M344.72M102.75M184.12M242.60M338.24M
Investing Cash Flow-47.50M50.76M-53.58M-21.13M-677.62M-1.47B-323.37M-993.27M-535.53M113.82M-777.23M-
Financing Cash Flow-66.06M-3.77M-72.77M-161.75M770.47M725.41M83.64M531.63M303.14M-12.28M370.72M-
Capital Expenditure21.76M7.22M45.48M18.91M167.95M71.68M112.98M698.33M362.67M170.24M255.74M313.38M
Free Cash Flow96.23M163.10M209.89M210.39M184.09M347.10M93.98M-353.61M-259.92M13.89M-13.14M24.86M
Dividends Paid104.92M283.83M174.18M172.09M27.39M199.24M198.05M199.24M53.47M47.53M585.14M396.15M
FCF to OCF81.56%95.76%82.19%91.75%52.29%82.88%45.41%-102.58%-252.98%7.54%-5.42%7.35%
Dividend Paid to FCF109.04%174.02%82.99%81.79%14.88%57.40%210.73%-56.34%-20.57%342.26%-4451.93%1593.39%

Earnings

Report DateAug 13, 2018Oct 24, 2018Feb 20, 2019Apr 29, 2019Aug 27, 2019Oct 28, 2019Dec 31, 2019Apr 27, 2020Aug 14, 2020Oct 22, 2020Dec 31, 2020Apr 15, 2021Aug 16, 2021Oct 29, 2021Dec 31, 2021Apr 27, 2022Aug 18, 2022Oct 25, 2022Apr 11, 2023
EPS Estimate-------------------
EPS Actual0.190.170.150.180.220.160.000.110.200.250.140.250.160.070.090.120.190.090.09
Surprise-------------------
TimingAfter-hoursPre-marketAfter-hoursPre-marketAfter-hoursPre-market-After-hoursPre-marketAfter-hours-Pre-marketAfter-hoursPre-market-Pre-marketAfter-hoursPre-marketPre-market

Key Statistics & Ratios

Market Cap42.62B
Enterprise Value45.71B
Trailing P/E64.23
Forward P/E0.00
Price / Sales10.90
Price / Book10.16
EPS0.97
Book Value6.85
Revenue (TTM)3.91B
Gross Profit (TTM)887.66M
EBITDA534.17M
Profit Margin15.36%
Operating Margin10.23%
Return on Equity15.73%
Return on Assets2.34%
Shares Outstanding616.07M
Shares Float258.00M
Beta0.73
Dividend Yield0.80%
Dividend Rate0.50
Payout Ratio51.55%

Dividends

20231×
0.08Jun 5, 2023
20221×
0.09Jul 4, 2022
20211×
0.34Jun 8, 2021
20201×
0.33Jun 12, 2020
20191×
0.34Jul 9, 2019