002246.SHE North Chemical Industries Co Ltd
- Market cap
- CNY 10.8B
- P/E
- 28.2x
- P/B
- 3.24x
- ROE
- 12.3%
- Dividend yield
- 0.21%
- Fundamental score
- -
Ratios use the latest price and the current fiscal year annualized from 3 quarters up to Sep 2026.
Is 002246.SHE undervalued?
Graham number002246.SHE trades 101.7% above its Graham number.
Graham number = √(22.5 × EPS × book value per share): the most a defensive investor should pay according to Benjamin Graham. An estimate, not a recommendation to buy or sell. How is it calculated?
North Chemical Industries Co Ltd fundamental analysis
No fundamental analysis for North Chemical Industries Co Ltd yet.
North Chemical Industries Co Ltd stock price
Prices on the chart can differ slightly from the closing prices StockSummer uses for its ratios.
About North Chemical Industries Co Ltd
North Chemical Industries Co., Ltd. manufactures and sells nitrocellulose products in China. It also provides industrial pumps and valves, gas masks, filter absorbers, and other products. The company nitrocellulose products are used in propellant, lacquers, inks, celluloid products, adhesives, leather oil, nail polish, etc.; activated carbon and catalyst for use in industrial exhaust and waste water treatment, air purification, decolorization, deodorization, etc.; protective…
Full company profileNorth Chemical Industries Co Ltd financial statements
2026 annualized: Fiscal year 2026 is not finished. Income statement and cash flow are annualized from 3 quarters up to Sep 30, 2026, the balance sheet is the latest quarter. Figures change when the annual report is published.
North Chemical Industries Co Ltd annual financial statements (CNY; K = thousand, M = million, B = billion, T = trillion)
| Item | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 Anlz |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||
| Revenue | 2.19B | 2.18B | 2.36B | 2.46B | 2.36B | 2.63B | 2.56B | 2.16B | 1.95B | 2.75B | 2.64B |
| Gross Profit | 581M | 503M | 540M | 537M | 453M | 502M | 467M | 450M | 347M | 808M | 974M |
| Operating Income | 149M | 119M | 140M | 143M | 97.3M | 101M | 90.9M | 29.4M | -44.3M | 305M | 510M |
| EBITDA | 255M | 219M | 235M | 244M | 193M | 209M | 194M | 158M | 83.5M | 419M | 484M |
| Net Income | 138M | 108M | 124M | 137M | 90.2M | 122M | 93.3M | 55.5M | -28.3M | 263M | 410M |
| EPS | 0.27 | 0.21 | 0.23 | 0.25 | 0.16 | 0.22 | 0.17 | 0.10 | -0.05 | 0.48 | 0.75 |
| Balance Sheet | |||||||||||
| Total Assets | 1.65B | 3.48B | 3.62B | 3.92B | 4.21B | 4.54B | 4.72B | 4.57B | 4.57B | 5.18B | 5.48B |
| Total Liabilities | 372M | 986M | 989M | 1.19B | 1.37B | 1.63B | 1.69B | 1.51B | 1.57B | 1.96B | 1.98B |
| Shareholders' Equity | 1.23B | 2.25B | 2.41B | 2.51B | 2.63B | 2.72B | 2.85B | 2.88B | 2.83B | 3.05B | 3.35B |
| Cash & Short-term Investments | 162M | 927M | 447M | 851M | 1.64B | 1.75B | 1.76B | 1.61B | 1.63B | 1.88B | 1.76B |
| Total Debt | 7.06M | 11.0M | 4.77M | 33.5M | 346M | 67.4M | 78.9M | 60.2M | 68.4M | - | - |
| Cash Flow | |||||||||||
| Operating Cash Flow | 13.9M | 206M | 134M | 379M | 422M | 234M | 109M | -115M | 79.4M | 365M | - |
| Capital Expenditure | 51.6M | 232M | 75.2M | 59.2M | 85.2M | 173M | 137M | 47.3M | 58.0M | 145M | 281M |
| Free Cash Flow | -37.7M | -26.5M | 58.3M | 320M | 337M | 61.8M | -27.9M | -162M | 21.4M | 220M | -46.4M |
| Ratios | |||||||||||
| ROE | 11.2% | 4.8% | 5.1% | 5.4% | 3.4% | 4.5% | 3.3% | 1.9% | -1.0% | 8.6% | 12.3% |
| ROA | 8.4% | 3.1% | 3.4% | 3.5% | 2.1% | 2.7% | 2.0% | 1.2% | -0.6% | 5.1% | 7.5% |
| Net Profit Margin | 6.3% | 5.0% | 5.2% | 5.6% | 3.8% | 4.6% | 3.6% | 2.6% | -1.5% | 9.6% | 15.6% |
| Debt to Equity | 0.01x | 0.00x | 0.00x | 0.01x | 0.13x | 0.02x | 0.03x | 0.02x | 0.02x | - | - |
What these items mean
- Revenue
- Total sales of goods and services in the period.
- Gross Profit
- Revenue minus the direct cost of producing what was sold.
- Operating Income
- Profit from the core business after operating expenses.
- EBITDA
- Earnings before interest, taxes, depreciation and amortization.
- Net Income
- Profit left for shareholders after all expenses, interest and taxes.
- EPS
- Net income divided by shares outstanding.
- Total Assets
- Everything the company owns.
- Total Liabilities
- Everything the company owes.
- Shareholders' Equity
- Assets minus liabilities: the book value that belongs to shareholders.
- Cash & Short-term Investments
- Cash and investments that can be turned into cash quickly.
- Total Debt
- Short and long-term borrowings.
- Operating Cash Flow
- Cash generated by the core business.
- Capital Expenditure
- Cash spent on property, plant and equipment.
- Free Cash Flow
- Operating cash flow minus capital expenditure: cash left for dividends, buybacks or debt repayment.
- ROE
- Return on equity: net income divided by shareholders' equity.
- ROA
- Return on assets: net income divided by total assets.
- Net Profit Margin
- Net income as a share of revenue.
- Debt to Equity
- Total debt divided by shareholders' equity.
North Chemical Industries Co Ltd dividends
- Dividend yield
- 0.21%
- Forward dividend
- 0.06 CNY
- Payout ratio
- 8.5%
- Ex-dividend date
- Jun 10, 2026
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | CNY 22.4M | 0.04 | 8.5% |
| 2024 | CNY 27.5M | 0.05 | - |
| 2023 | CNY 27.5M | 0.05 | 49.4% |
| 2022 | CNY 24.7M | 0.05 | 26.5% |
| 2021 | CNY 22.0M | 0.04 | 18.1% |
| 2020 | CNY 30.2M | 0.05 | 33.5% |
| 2019 | CNY 30.2M | 0.06 | 22.1% |
| 2018 | CNY 25.8M | 0.05 | 20.9% |
| 2017 | CNY 76.0M | 0.15 | 70.0% |
From the cash flow statement: dividends paid in the fiscal year, divided by that year's shares outstanding. Payout ratio = dividends paid / net income.
Last stock split: 15:10 on Jun 6, 2014.
Who owns North Chemical Industries Co Ltd
- Insiders 46.57%
- Institutions 6.81%
- Public & others 46.63%
- Shares outstanding 549M
- Free float 293M
North Chemical Industries Co Ltd company profile
- Company name
- North Chemical Industries Co Ltd
- Ticker
- 002246.SHE
- ISIN
- CNE100000BW7
- Exchange
- Shenzhen Stock Exchange
- Listed since
- Jun 5, 2008
- Sector
- Basic Materials
- Industry
- Chemicals
- Employees
- 2,891
- Fiscal year end
- December
- Address
- Gaoba, Longmatan District, Luzhou, China, 646605
- Phone
- 86 83 0279 6918
- Website
- bhgf.norincogroup.com.cn
About North Chemical Industries Co Ltd
North Chemical Industries Co., Ltd. manufactures and sells nitrocellulose products in China. It also provides industrial pumps and valves, gas masks, filter absorbers, and other products. The company nitrocellulose products are used in propellant, lacquers, inks, celluloid products, adhesives, leather oil, nail polish, etc.; activated carbon and catalyst for use in industrial exhaust and waste water treatment, air purification, decolorization, deodorization, etc.; protective equipment used in labor and special protection, and industrial toxic and hazardous workplace protection; and environmental protection equipment for use in industrial exhaust gas purification and industrial wastewater treatment. It also exports its products to Asia, Europe, North America, and internationally. The company was formerly known as Sichuan Nitrocell Co.,Ltd. North Chemical Industries Co., Ltd. was founded in 2002 and is headquartered in Luzhou, the People's Republic of China.
North Chemical Industries Co Ltd management
4- Mr. Hecheng YangGM & Director · born 1978
- Mr. Hua ZhuDeputy General Manager · born 1978
- Mr. Weigang ZengDeputy General Manager · born 1974
- Yongqiang DuAccounting Supervisor