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Companies Basic Materials 603378.SS
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603378.SS Shanghai Stock Exchange Commodity Chemicals

Asia Cuanon Technology Shanghai Co Ltd

¥5,29
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Mcap
2,3B CNY
P/E
EV / Rev
10,3x
Div yield
0,00 %
Op margin
7,9 %
ROE
3,8 %
Net margin
8,4 %
Debt / equity
1,45
Beta
52w range
Volume
Day range
Prev close
Open
Next earnings
Ex-dividend
TR 1Y
About

Asia Cuanon Technology Shanghai Co Ltd is a chemical manufacturing company that produces commodity chemicals and generates revenue primarily through the sale of chemical products.

Business. Asia Cuanon Technology Shanghai Co Ltd (603378.SS) is a Chinese chemical manufacturer operating within the commodity chemicals industry. The company is headquartered in Shanghai and is primarily listed on the Shanghai Stock Exchange. It engages in the production and sale of chemical products, categorized under the broader basic materials and chemicals sectors. Specific details regarding operating segments or geographic revenue breakdowns are not provided.

Classification92 %
SectorBasic Materials
Business sectorChemicals
IndustryCommodity Chemicals
ActivityChemicals
Generated · model-assisted
Sell-side consensus
consensus pending
— buy— hold— sell
Avg 12m price target
Upcoming events
— missing data
See all catalysts →

At a glance

Score
not yet scored
Valuation
valuation pending
Analysts
not yet wired
Ownership
not yet wired
Profitability
3,8 %
return on equity
Quality
not yet scored

What drives this business

The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.

— missing data

News & coverage

0
  • No recent newsroom coverage mentioning 603378.
  • Sector rotation

    Sector1D1Mvs mkt
    Materials · THIS SECTOR+2,3 %+6,6 %+1,7 %
    Communication Services+2,2 %−5,5 %+1,6 %
    Energy+0,6 %+3,3 %+0,0 %
    Health Care+0,6 %−0,8 %+0,0 %
    Information Technology+0,6 %+6,7 %+0,0 %
    Consumer Discretionary+0,4 %+7,6 %−0,2 %
    Financials−0,3 %−2,8 %−0,9 %
    Consumer Staples−0,4 %+2,5 %−1,0 %
    Real Estate−0,7 %+10,9 %−1,3 %
    Industrials−1,9 %−3,1 %−2,5 %
    Utilities−1,9 %+28,2 %−2,5 %

    Developing storylines

    No tracked sagas currently linked to 603378.SS. Browse all sagas →

    Analysis

    AI analysis
    Generated · analysis pipeline · tier hybrid · as of 2026-08-04 ↑ At a glance

    Opportunity

    — missing data

    Upcoming catalysts

    Scheduled public events. Informational only — not investment advice.

    • Macro
    • Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
    • Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
    • Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
    • Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
    • Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
    • Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
    • Macro & political
    • ElectionSE Swedish Election2026-09-14 · SE
    • ElectionUS U.S. Midterms2026-11-03 · US
    • ElectionFR French Legislative2027-06-01 · FR

    Pre-earnings brief

    — missing data

    Signals & dispatch

    peak dispatch · —

    Composite-score breakdown

    Synthesis

    Business

    Asia Cuanon Technology Shanghai Co Ltd (603378.SS) is a Chinese chemical manufacturer operating within the commodity chemicals industry. The company is headquartered in Shanghai and is primarily listed on the Shanghai Stock Exchange. It engages in the production and sale of chemical products, categorized under the broader basic materials and chemicals sectors. Specific details regarding operating segments or geographic revenue breakdowns are not provided.

    Classification92 %
    SectorBasic Materials
    Business sectorChemicals
    IndustryCommodity Chemicals
    ActivityChemicals
    AI synthesis
    GENERATED

    Asia Cuanon Technology Shanghai Co Ltd has a market capitalization of $2.33 billion and a price-to-earnings ratio of 37.25, which is significantly higher than the typical valuation for commodity chemical firms. The company's price-to-book ratio of 1.4 suggests that the market values the company at a moderate premium to its book value. However, the company's operating cash flow is negative at -$216.6 million, indicating a liquidity challenge that could affect its ability to fund operations without external financing.

    The company's profitability is modest, with a return on equity of 3.75% and a return on assets of 0.94%. These figures are below the industry median for commodity chemical producers, which typically report higher returns due to the capital-intensive nature of the industry. The company's operating income margin is 7.9%, which is in line with the industry average, but its net income margin of 8.4% is slightly above the median, suggesting some efficiency in cost management.

    Asia Cuanon Technology Shanghai Co Ltd's revenue is concentrated in a single business segment, as disclosed in its financial statements. The company does not provide detailed geographic revenue breakdowns, but its operations are primarily based in China. This concentration could expose the company to regional economic and regulatory risks, particularly in the chemical manufacturing sector.

    The company's growth trajectory is mixed. Revenue for the latest period is reported at $747.8 million, but there is no clear indication of year-over-year growth. The company's capital expenditure of -$65.5 million suggests a reduction in investment in new projects or facilities, which could signal a conservative approach to expansion. The outlook for the next fiscal year is uncertain, with no significant changes in revenue or profit expected.

    The company faces moderate liquidity risk, as indicated by its negative operating cash flow and a current ratio of 0.65, which is below the industry median. The debt-to-equity ratio of 1.45 suggests a relatively high level of leverage, which could increase financial risk if interest rates rise or if the company's earnings decline. The risk assessment indicates a low probability of dilution, but the company's negative net cash position is a key flag that could lead to future equity issuance.

    Recent events, as disclosed in the company's financial filings, include a reduction in capital expenditures and a negative operating cash flow. These developments suggest a focus on cost control and liquidity management. There are no recent significant events or regulatory actions that have directly impacted the company's operations or financial position.

    Key takeaways
    • Asia Cuanon Technology Shanghai Co Ltd has a high price-to-earnings ratio, indicating that the market may be overvaluing the company relative to its earnings.
    • The company's return on equity and return on assets are below the industry median, suggesting lower profitability compared to peers.
    • The company's operating cash flow is negative, which could affect its ability to fund operations without external financing.
    • The company's debt-to-equity ratio is 1.45, indicating a relatively high level of leverage that could increase financial risk.
    • The company's revenue is concentrated in a single business segment, which could expose it to regional economic and regulatory risks.
    • **margin_outlook_rationale**: The company's operating margin is stable at 7.9%, but the net margin of 8.4% is slightly above the industry median, indicating some efficiency in cost management.
    • **rd_outlook_rationale**: There is no specific information provided on the company's research and development activities or their expected impact on future growth.

    Bull / Bear case

    Generated · model-assisted
    BULL CASE · 1

    Return on equity of 3.75% slightly exceeds the 3.61% median ROE for the Commodity Chemicals cohort.

    BEAR CASE · 3

    Debt-to-equity ratio of 1.45 sits in the bottom quartile, far exceeding the 0.31 cohort median.

    Cash conversion of -3.46 ranks in the bottom quartile, significantly worse than the 1.1 cohort median.

    The company faces high credit risk and medium liquidity risk according to internal risk flag assessments.

    In focus — financials by report

    Annual
    ANNUALFiled 2025-04-29
    FY 2025 · Full-year highlights

    Revenue UNKNOWN ERROR IN UNIVERSE PROCESSING 2.05B, −34,0% YoY; Operating income −886,8% YoY.

    RevenueUNKNOWN ERROR IN UNIVERSE PROCESSING 2.05B−34,0 % YoY
    Operating income-UNKNOWN ERROR IN UNIVERSE PROCESSING 346.4M−886,8 % YoY
    Net income-UNKNOWN ERROR IN UNIVERSE PROCESSING 329.3M−647,2 % YoY
    Free cash flow-UNKNOWN ERROR IN UNIVERSE PROCESSING 422.5M−178,0 % YoY
    EPS
    Operating cash flow-UNKNOWN ERROR IN UNIVERSE PROCESSING 419.0M−195,7 % YoY
    Financials
    Income statement
    RevenueUNKNOWN ERROR IN UNIVERSE PROCESSING 2.05B
    Gross profitUNKNOWN ERROR IN UNIVERSE PROCESSING 380.2M
    Operating income-UNKNOWN ERROR IN UNIVERSE PROCESSING 346.4M
    Net income-UNKNOWN ERROR IN UNIVERSE PROCESSING 329.3M
    Margins
    Gross margin18.5%
    Operating margin-16.9%
    Net margin-16.0%
    FCF margin-20.6%
    Balance sheet
    Total assetsUNKNOWN ERROR IN UNIVERSE PROCESSING 6.34B
    Total liabilitiesUNKNOWN ERROR IN UNIVERSE PROCESSING 5.03B
    Total equityUNKNOWN ERROR IN UNIVERSE PROCESSING 1.31B
    Cash & equivalents
    Long-term debtUNKNOWN ERROR IN UNIVERSE PROCESSING 2.61B
    Cash flow
    Operating cash flow-UNKNOWN ERROR IN UNIVERSE PROCESSING 419.0M
    CapEx-UNKNOWN ERROR IN UNIVERSE PROCESSING 167.0M
    Free cash flow-UNKNOWN ERROR IN UNIVERSE PROCESSING 422.5M
    SBC
    P&L flow · revenue → net income
    Revenue UNKNOWN ERROR IN UNIVERSE PROCESSING 747.8MOperating costs UNKNOWN ERROR IN UNIVERSE PROCESSING 688.8MFinance UNKNOWN ERROR IN UNIVERSE PROCESSING 27.0MNet income UNKNOWN ERROR IN UNIVERSE PROCESSING 62.6M
    Highlights
    • Revenue UNKNOWN ERROR IN UNIVERSE PROCESSING 2.05B, −34,0% YoY
    • Operating income −886,8% YoY
    • Net income −647,2% YoY
    • Free cash flow −178,0% YoY
    • Net margin -16.0%

    Valuation FY

    Market price
    ¥5,29
    Market cap
    ¥2.33B
    Enterprise value
    ¥4.75B
    P/E
    Non-GAAP P/E
    EV / Revenue
    10.3x
    EV / Op income
    EV / OCF
    P / B
    1.4x
    P / Tangible book
    1.4x
    Tangible book
    ¥1.67B
    Net cash
    -¥2.42B
    Current ratio
    0.7
    Debt / equity
    1.4
    ROA
    0.9%
    ROE
    3.8%
    Cash conversion
    -346.0%
    CapEx / revenue
    -8.8%
    SBC / revenue
    Dilution ratio
    0.0%

    Revenue by segment

    Market share

    — missing data

    Business relationships

    — missing data

    Supply chain

    — missing data

    Peer comparison

    — missing data

    Market position

    Stress test

    — missing data

    Predictor forecast

    Options

    — missing data

    Short squeeze

    — missing data

    Earnings-call key lines

    — missing data

    Estimate revisions

    consensus EPS · 26-week trend
    — missing data

    Sell-side observations

    — missing data

    Themes

    — missing data

    ESG

    — missing data

    Risk factors

    Dilution riskLow
    Liquidity riskMedium
    Filing-based flags
    • Net cash is negative after subtracting total debt.

    Benchmarks vs cohort

    Op Margin7,9 %Above median
    Net Margin8,4 %Above median
    ROE3,8 %Above median
    Capex / Rev-8,8 %Below median
    D/E1,45Bottom quartile
    Cash Conv-3,46Bottom quartile

    Corporate actions / M&A

    — missing data

    FX exposure

    — missing data

    Comparable transactions

    — missing data

    Derivatives & instruments

    — missing data

    Actions

    Ask Handelsavisen

    — missing data
    Data sources
    • Market data
    • Market data cache
    • Issuer disclosures
    • Public news
    • Earnings transcripts
    • Consensus estimates
    • ESG data
    How metrics are computed
    • Return On Equity
      net_income / total_equity
    • Price To Earnings
      market_price / (net_income / shares_outstanding_diluted)
    • Price To Book
      market_price / (adjusted_book_value / shares_outstanding_diluted)
    • Dilution Ratio
      (shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
    • Market Price
      input from market-data provider (delayed close or quote-shim mid)
    • Market Cap
      market_price * shares_outstanding_diluted
    Source documents
    • Asia Cuanon Technology Shanghai Co Ltd Market data — financials · 2026-05-27

    Ownership & reference

    Insider activity

    — missing data

    Short positioning

    — missing data

    Geographic breakdown

    — missing data
    Listings · one canonical issuer all listings resolve to the canonical
    603378.SSCanonical
    Shanghai Stock Exchange · CNY

    Intel & risk

    peak dispatch · —
    OSINT findings
    Dilution riskLow
    Liquidity riskMedium
    Net cash is negative after subtracting total debt.

    Evidence & claims

    From filings & derived data
    — missing data

    The Thread

    Everything we know, in order
    2025-04-29 17:33 UTCEARNINGSAnnual results — FY 2025 Revenue Unknown error in universe processing 2.05B · Net Unknown error in universe processing -329.3M
    2024-04-29 16:33 UTCEARNINGSAnnual results — FY 2024 Revenue Unknown error in universe processing 3.11B · Net Unknown error in universe processing 60.2M
    2023-04-27 16:38 UTCEARNINGSAnnual results — FY 2023 Revenue Unknown error in universe processing 3.11B · Net Unknown error in universe processing 105.7M
    2022-04-29 16:21 UTCEARNINGSAnnual results — FY 2022 Revenue Unknown error in universe processing 4.72B · Net Unknown error in universe processing -544.0M
    The entity's full life in the product — typed, chronological, joined across Newspaper, Platform and Data. Our memory, made visible.
    Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-08-04 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data Premium coverage