Shandong Rike Chemical Co Ltd

Shandong Rike Chemical Co Ltd has a debt-to-equity ratio of 0.55 and a current ratio of 1.14, indicating moderate leverage and limited short-term liquidity cushion. The company reported negative operating cash flow of -76.4 million CNY and capital expenditures of -405.8 million CNY, reflecting significant reinvestment in operations amid a challenging environment.

Profitability metrics are weak, with a return on equity of -1.35% and a return on assets of -0.74%, both well below the typical performance of the Commodity Chemicals industry. The company reported a net loss of 33.6 million CNY and an operating loss of 32.97 million CNY, signaling operational distress.

The company operates as a single business segment, with all revenue derived from commodity chemical production and sales. Geographic exposure is concentrated in China, with no disclosed international operations or revenue diversification.

Revenue for the latest period was 821.44 million CNY, but the company has not provided forward-looking guidance. The outlook for the current fiscal year is uncertain, with no disclosed revenue growth or margin improvement expected in the near term.

The company faces liquidity and operational risks, with negative operating cash flow and a net loss. The risk assessment indicates medium liquidity risk and low dilution risk, though the negative net cash position after subtracting total debt raises concerns about short-term solvency.

Recent filings and transcripts have not disclosed any material events or strategic shifts. The company has not issued new shares or announced significant capital-raising activities in the latest reporting period.

Free cash flow surged 105.4% year-over-year to CNY 29.5 million, signaling improved operational liquidity.

Operating income improved 96.1% year-over-year, narrowing the loss to CNY 3.7 million in the latest period.

Revenue grew 6.4% year-over-year to CNY 3.74 billion, demonstrating top-line expansion despite margin pressures.

Cash conversion ratio of 2.27 exceeds the cohort median of 1.1, indicating superior cash generation efficiency.

Net income improved 59.3% year-over-year, reducing the net loss to CNY 29.7 million in the latest period.

The company faces high credit risk, posing significant potential challenges for debt servicing and financial stability.

Long-term debt ballooned to CNY 1.94 billion, nearly doubling from the previous year's CNY 892.9 million.

Operating and net margins remain negative at -4.0% and -4.1%, placing the firm in the bottom quartile.

Return on equity is negative at -1.35%, significantly underperforming the cohort median of 3.61%.

Revenue ¥986.6M; Operating income -¥5.8M.

• ▍Revenue ¥986.6M
• ▍Operating income -¥5.8M
• ▍Net margin -1.0%

Revenue ¥821.4M; Operating income -¥33.0M.

• ▍Revenue ¥821.4M
• ▍Operating income -¥33.0M
• ▍Net margin -4.1%

Revenue ¥3.52B, +38,6% YoY; Operating income −198,0% YoY.

• ▍Revenue ¥3.52B, +38,6% YoY
• ▍Operating income −198,0% YoY
• ▍Net income −186,2% YoY
• ▍Free cash flow +7,4% YoY
• ▍Net margin -2.1%

Revenue ¥2.54B, −8,0% YoY; Operating income −60,8% YoY.

• ▍Revenue ¥2.54B, −8,0% YoY
• ▍Operating income −60,8% YoY
• ▍Net income −56,9% YoY
• ▍Free cash flow −2 395,2% YoY
• ▍Net margin 3.3%

Revenue ¥2.76B, −0,5% YoY; Operating income +0,3% YoY.

• ▍Revenue ¥2.76B, −0,5% YoY
• ▍Operating income +0,3% YoY
• ▍Net income +3,3% YoY
• ▍Free cash flow −54,8% YoY
• ▍Net margin 7.1%

Revenue ¥2.77B; Operating income ¥245.7M.

• ▍Revenue ¥2.77B
• ▍Operating income ¥245.7M
• ▍Net margin 6.9%