1108—58

Triumph New Energy Co Ltd

Commodity ChemicalsVerified

Capital Structure and Liquidity Triumph New Energy has a debt-to-equity ratio of 2.21, indicating a high reliance on debt financing. The company's liquidity position is assessed as medium, with a current ratio of 0.46, suggesting limited short-term liquidity to cover immediate obligations. Free cash flow is negative at -1.14 billion CNY, and operating cash flow is also negative at -736 million CNY, indicating ongoing cash outflows from operations. ### Profitability and Returns The company is currently unprofitable, with a net loss of 914 million CNY and an operating loss of 971 million CNY. Return on equity is -29.47%, and return on assets is -6.72%, both significantly below industry norms for commodity chemicals. These metrics suggest poor capital efficiency and operational performance relative to peers. ### Segments and Geographic Exposure Triumph New Energy operates as a single business segment focused on commodity chemicals. The company's geographic exposure is not disclosed in the available data, but as a Chinese-listed firm, it is likely concentrated in the domestic market. No specific revenue concentration by region is provided in the input data. ### Growth Trajectory The company's recent financial performance shows declining profitability, with a significant drop in revenue and increasing losses. Analysts have assigned a mean price target of 4.75 CNY, with a median of 4.75 CNY, and a mean recommendation of 2.50, indicating a neutral outlook. No specific growth projections for the next fiscal year are provided in the input data. ### Risk Factors The company faces medium liquidity risk due to its negative free cash flow and low current ratio. Dilution risk is assessed as low, with no near-term pressure from share issuance or dilutive events. The risk assessment also flags negative net cash after subtracting total debt, which could constrain operational flexibility. ### Recent Events No recent filings or transcripts are provided in the input data to inform recent corporate developments or strategic shifts.

30-day price · 1108(missing data)

No daily-bar history available from current data sources. Alternate source pending.

Profile

CompanyTriumph New Energy Co Ltd

Ticker1108.HK

SectorBasic Materials

BusinessChemicals

Industry groupChemicals

IndustryCommodity Chemicals

AI analysis

Business. Triumph New Energy Co Ltd is a chemical manufacturing company that produces commodity chemicals, primarily serving industrial markets.

Classification. The company is classified under the Basic Materials economic sector, Chemicals business sector, and Commodity Chemicals industry, with a confidence level of 0.92.

### Capital Structure and Liquidity Triumph New Energy has a debt-to-equity ratio of 2.21, indicating a high reliance on debt financing. The company's liquidity position is assessed as medium, with a current ratio of 0.46, suggesting limited short-term liquidity to cover immediate obligations. Free cash flow is negative at -1.14 billion CNY, and operating cash flow is also negative at -736 million CNY, indicating ongoing cash outflows from operations. ### Profitability and Returns The company is currently unprofitable, with a net loss of 914 million CNY and an operating loss of 971 million CNY. Return on equity is -29.47%, and return on assets is -6.72%, both significantly below industry norms for commodity chemicals. These metrics suggest poor capital efficiency and operational performance relative to peers. ### Segments and Geographic Exposure Triumph New Energy operates as a single business segment focused on commodity chemicals. The company's geographic exposure is not disclosed in the available data, but as a Chinese-listed firm, it is likely concentrated in the domestic market. No specific revenue concentration by region is provided in the input data. ### Growth Trajectory The company's recent financial performance shows declining profitability, with a significant drop in revenue and increasing losses. Analysts have assigned a mean price target of 4.75 CNY, with a median of 4.75 CNY, and a mean recommendation of 2.50, indicating a neutral outlook. No specific growth projections for the next fiscal year are provided in the input data. ### Risk Factors The company faces medium liquidity risk due to its negative free cash flow and low current ratio. Dilution risk is assessed as low, with no near-term pressure from share issuance or dilutive events. The risk assessment also flags negative net cash after subtracting total debt, which could constrain operational flexibility. ### Recent Events No recent filings or transcripts are provided in the input data to inform recent corporate developments or strategic shifts.

Key takeaways

Triumph New Energy is currently unprofitable with significant operating and net losses.
The company has a high debt-to-equity ratio and weak liquidity, raising concerns about short-term solvency.
Analysts have a neutral outlook, with no strong buy recommendations and a mean price target of 4.75 CNY.
The company's return on equity and return on assets are well below industry norms, indicating poor capital efficiency.
No specific growth drivers or strategic initiatives are disclosed in the available data.
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## RATIONALES
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Financial snapshot

PeriodHA-latest

CurrencyCNY

Revenue$3.24B

Gross profit-$426.4M

Operating income-$970.9M

Net income-$914.3M

R&D—

SG&A—

D&A—

SBC—

Operating cash flow-$736.0M

CapEx-$430.9M

Free cash flow-$1.14B

Total assets$13.61B

Total liabilities$10.51B

Total equity$3.10B

Cash & equivalents—

Long-term debt$6.87B

Valuation

Market price—

Market cap—

Enterprise value—

P/E—

Reported non-GAAP P/E—

EV/Revenue—

EV/Op income—

EV/OCF—

P/B—

P/Tangible book—

Tangible book$3.10B

Net cash-$6.87B

Current ratio0.5

Debt/Equity2.2

ROA-6.7%

ROE-29.5%

Cash conversion80.0%

CapEx/Revenue-13.3%

SBC/Revenue—

Asset intensity—

Dilution ratio0.0%

Risk assessment

Dilution riskLow

Liquidity riskMedium

Net cash is negative after subtracting total debt.

Industry benchmarks

Activity: Chemicals · cohort 11 companies

Metric1108Activity

Op margin-29.9%0.4% medp25 -8.0% · p75 16.0%bottom quartile

Net margin-28.2%2.3% medp25 -11.6% · p75 11.8%bottom quartile

Gross margin-13.1%20.8% medp25 14.9% · p75 24.0%bottom quartile

R&D / revenue—1.1% medp25 0.5% · p75 1.3%

CapEx / revenue-13.3%6.2% medp25 5.4% · p75 10.2%bottom quartile

Debt / equity221.0%59.0% medp25 54.9% · p75 72.9%top quartile

Observations

IR observations

Mean price target4.75 CNY

Median price target4.75 CNY

High price target5.92 CNY

Low price target3.58 CNY

Mean recommendation2.50 (1=strong buy, 5=strong sell)

Strong-buy count0.00

Buy count1.00

Hold count1.00

Sell count0.00

Strong-sell count0.00

Mean EPS estimate-0.14 CNY

Last actual EPS-1.42 CNY

Source: analysis-pipeline (hybrid)Generated: 2026-05-20 14:08 UTCJob: 4b675614