300196.SHE Jiangsu Changhai Compos Material
- Market cap
- CNY 5.82B
- P/E
- 17.8x
- P/B
- 1.19x
- ROE
- 7.1%
- Dividend yield
- 2.54%
- Fundamental score
- -
Ratios use the latest price and the current fiscal year annualized from 3 quarters up to Sep 2026.
Is 300196.SHE undervalued?
Graham number300196.SHE trades 2.9% below 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?
Jiangsu Changhai Compos Material fundamental analysis
No fundamental analysis for Jiangsu Changhai Compos Material yet.
Jiangsu Changhai Compos Material stock price
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About Jiangsu Changhai Compos Material
Jiangsu Changhai Composite Materials Co., Ltd engages in the research and development, production, and sale of glass fiber products and composite materials. It offers glass roving products, including felt yarn, SMC sheet, textile type direct, chopped fiber, winding type direct, jet, roof, plied drawn, and glass fiber chopped felt yarn, as well as plied yarn for pipe short cut, yarn for transparent plate, glass fiber for continuous pipes, and direct yarn for pultrusion and fo…
Full company profileJiangsu Changhai Compos Material 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.
Jiangsu Changhai Compos Material 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 | 1.77B | 2.03B | 2.20B | 2.21B | 2.04B | 2.51B | 3.02B | 2.61B | 2.66B | 3.14B | 3.24B |
| Gross Profit | 564M | 513M | 566M | 643M | 579M | 842M | 1.01B | 622M | 601M | 734M | 808M |
| Operating Income | 306M | 233M | 304M | 330M | 310M | 660M | 832M | 338M | 307M | 404M | 442M |
| EBITDA | 448M | 366M | 447M | 481M | 464M | 816M | 1.05B | 593M | 569M | 718M | 439M |
| Net Income | 258M | 202M | 263M | 289M | 271M | 572M | 817M | 296M | 275M | 326M | 345M |
| EPS | 0.65 | 0.48 | 0.63 | 0.71 | 0.66 | 1.29 | 1.89 | 0.71 | 0.67 | 0.80 | 0.84 |
| Balance Sheet | |||||||||||
| Total Assets | 3.03B | 3.10B | 3.14B | 3.19B | 3.88B | 4.70B | 5.57B | 6.31B | 7.12B | 7.41B | 7.75B |
| Total Liabilities | 711M | 651M | 610M | 454M | 917M | 1.21B | 1.32B | 1.85B | 2.50B | 2.60B | 2.90B |
| Shareholders' Equity | 2.27B | 2.41B | 2.47B | 2.68B | 2.96B | 3.49B | 4.25B | 4.46B | 4.63B | 4.81B | 4.86B |
| Cash & Short-term Investments | 409M | 986M | 675M | 773M | 1.35B | 998M | 1.19B | 1.67B | 1.40B | 1.49B | 1.56B |
| Total Debt | 403M | 237M | 186M | 70.6M | 470M | 464M | 646M | 909M | 916M | - | - |
| Cash Flow | |||||||||||
| Operating Cash Flow | 329M | 378M | 195M | 379M | 433M | 598M | 562M | 719M | 448M | 140M | - |
| Capital Expenditure | 26.9M | 207M | 289M | 79.4M | 268M | 1.09B | 786M | 685M | 629M | 363M | 116M |
| Free Cash Flow | 302M | 170M | -94.9M | 300M | 166M | -495M | -225M | 34.0M | -182M | -223M | 337M |
| Ratios | |||||||||||
| ROE | 11.3% | 8.4% | 10.6% | 10.8% | 9.1% | 16.4% | 19.2% | 6.6% | 5.9% | 6.8% | 7.1% |
| ROA | 8.5% | 6.5% | 8.4% | 9.1% | 7.0% | 12.2% | 14.7% | 4.7% | 3.9% | 4.4% | 4.5% |
| Net Profit Margin | 14.6% | 10.0% | 12.0% | 13.1% | 13.3% | 22.8% | 27.1% | 11.4% | 10.3% | 10.4% | 10.7% |
| Debt to Equity | 0.18x | 0.10x | 0.08x | 0.03x | 0.16x | 0.13x | 0.15x | 0.20x | 0.20x | - | - |
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.
Jiangsu Changhai Compos Material dividends
- Dividend yield
- 2.54%
- Forward dividend
- 0.55 CNY
- Payout ratio
- 45.3%
- Ex-dividend date
- Sep 9, 2026
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | CNY 148M | 0.36 | 45.3% |
| 2024 | CNY 89.6M | 0.22 | 32.6% |
| 2023 | CNY 99.9M | 0.24 | 33.7% |
| 2022 | CNY 61.3M | 0.14 | 7.5% |
| 2021 | CNY 42.8M | 0.10 | 7.5% |
| 2020 | CNY 67.8M | 0.17 | 25.0% |
| 2019 | CNY 88.2M | 0.22 | 30.5% |
| 2018 | CNY 52.2M | 0.13 | 19.8% |
| 2017 | CNY 77.3M | 0.18 | 38.3% |
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: 20:10 on Sep 27, 2017.
Who owns Jiangsu Changhai Compos Material
- Insiders 56.21%
- Institutions 0.80%
- Public & others 42.99%
- Shares outstanding 409M
- Free float 190M
Jiangsu Changhai Compos Material company profile
- Company name
- Jiangsu Changhai Compos Material
- Ticker
- 300196.SHE
- ISIN
- CNE1000011M2
- Exchange
- Shenzhen Stock Exchange
- Listed since
- Mar 29, 2011
- Sector
- Basic Materials
- Industry
- Chemicals
- Employees
- 3,071
- Fiscal year end
- December
- Address
- 308 Changhong East Road, Changzhou, China, 213102
- Phone
- 86 519 8870 8813
- Website
- changhaigfrp.com
About Jiangsu Changhai Compos Material
Jiangsu Changhai Composite Materials Co., Ltd engages in the research and development, production, and sale of glass fiber products and composite materials. It offers glass roving products, including felt yarn, SMC sheet, textile type direct, chopped fiber, winding type direct, jet, roof, plied drawn, and glass fiber chopped felt yarn, as well as plied yarn for pipe short cut, yarn for transparent plate, glass fiber for continuous pipes, and direct yarn for pultrusion and for weaving. The company also provides fiberglass products, such as glass chopped strand mats, glass fiber wet mats, fiberglass fabric, fiberglass coated mats, fiberglass partitions, fiberglass continuous mats, and fiberglass mesh; thermoplastic glass fiber and its products, including thermoplastic fiberglass, continuous fiber reinforced thermoplastic prepreg tapes, reinforced polypropylene composite boards, thermoplastic fiberglass, thermoplastic honeycomb composite panels, and thermoplastic foam insulation composite boards; and glass fiber for wind power and photovoltaic. In addition, it is involved in manufacturing unsaturated polyester resin; sale of methyl ethyl ketone peroxide, FRP products, chemical raw materials, and glass fiber raw materials; and testing, technical training, and consulting operations for FRP and its raw and auxiliary materials. The company sells its products in China, North America, South America, Europe, the Middle East, Southeast Asia, Oceania, Africa, and internationally. Jiangsu Changhai Composite Materials Co., Ltd was founded in 2000 and is based in Changzhou, China.
Jiangsu Changhai Compos Material management
5- Mr. Peng Wei YangGM & Director · born 1982
- Mr. Xixu ZhouAccounting Supervisor, CFO & Non-Independent Director · born 1985
- Mr. Zhou YuanlongDeputy GM & Non-Independent Director · born 1967
- Ms. Li Ping ShaoDeputy GM & Non-Independent Director · born 1968
- Mr. Weibing FeiVP & Board Secretary · born 1981