China BlueChemical (HKG:3983) Has A Rock Solid Balance Sheet
Dec 01
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Hong Kong (HSI) Chemicals Industry Analysis
UpdatedDec 02, 2025
DataAggregated Company Financials
Companies38
- 7D5.6%
- 3M2.6%
- 1Y34.8%
- YTD31.4%
In the last week, the Chemicals industry is up 5.6%, with China XLX Fertiliser up 22%. During this same period, the Dongguang Chemical underperformed, falling 12%. In the last 12 months, the industry was up 35%. Looking forward, earnings are forecast to grow by 44% annually.
Industry Valuation and Performance
Has the Hong Kong Chemicals Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 02 Dec 2025 | HK$164.8b | HK$318.5b | HK$10.5b | 9.7x | 15.7x | 0.5x |
| Thu, 30 Oct 2025 | HK$154.6b | HK$316.4b | HK$10.4b | 8.9x | 14.8x | 0.5x |
| Sat, 27 Sep 2025 | HK$156.0b | HK$318.4b | HK$10.4b | 8.1x | 15.1x | 0.5x |
| Mon, 25 Aug 2025 | HK$163.1b | HK$324.8b | HK$8.5b | 9x | 19.1x | 0.5x |
| Wed, 23 Jul 2025 | HK$154.3b | HK$328.2b | HK$8.9b | 9.8x | 17.3x | 0.5x |
| Fri, 20 Jun 2025 | HK$141.4b | HK$327.7b | HK$8.8b | 9.4x | 16.2x | 0.4x |
| Sun, 18 May 2025 | HK$132.1b | HK$324.6b | HK$8.6b | 9.1x | 15.3x | 0.4x |
| Tue, 15 Apr 2025 | HK$128.5b | HK$319.7b | HK$8.6b | 8.9x | 14.9x | 0.4x |
| Thu, 13 Mar 2025 | HK$134.3b | HK$329.4b | HK$8.5b | 9.7x | 15.8x | 0.4x |
| Sat, 08 Feb 2025 | HK$126.0b | HK$328.2b | HK$8.5b | 10x | 14.8x | 0.4x |
| Mon, 06 Jan 2025 | HK$125.6b | HK$326.4b | HK$8.5b | 9.4x | 14.8x | 0.4x |
| Wed, 04 Dec 2024 | HK$127.2b | HK$328.0b | HK$8.5b | 9.4x | 15x | 0.4x |
| Fri, 01 Nov 2024 | HK$126.2b | HK$334.4b | HK$8.4b | 9.2x | 15.1x | 0.4x |
| Sun, 29 Sep 2024 | HK$129.8b | HK$342.0b | HK$8.8b | 8.4x | 14.8x | 0.4x |
| Tue, 27 Aug 2024 | HK$117.4b | HK$327.5b | HK$10.1b | 9x | 11.6x | 0.4x |
| Thu, 25 Jul 2024 | HK$122.0b | HK$321.7b | HK$9.9b | 10.1x | 12.3x | 0.4x |
| Sat, 22 Jun 2024 | HK$127.9b | HK$323.1b | HK$10.1b | 9.7x | 12.6x | 0.4x |
| Mon, 20 May 2024 | HK$136.3b | HK$321.9b | HK$10.1b | 10.6x | 13.5x | 0.4x |
| Wed, 17 Apr 2024 | HK$119.6b | HK$323.4b | HK$10.1b | 8.3x | 11.8x | 0.4x |
| Fri, 15 Mar 2024 | HK$114.0b | HK$315.7b | HK$11.2b | 5.1x | 10.2x | 0.4x |
| Sun, 11 Feb 2024 | HK$110.5b | HK$317.0b | HK$10.9b | 5.8x | 10.1x | 0.3x |
| Tue, 09 Jan 2024 | HK$117.2b | HK$319.8b | HK$11.3b | 5.8x | 10.4x | 0.4x |
| Thu, 07 Dec 2023 | HK$114.8b | HK$317.6b | HK$11.2b | 5.1x | 10.2x | 0.4x |
| Sat, 04 Nov 2023 | HK$116.5b | HK$311.8b | HK$11.0b | 5.3x | 10.6x | 0.4x |
| Mon, 02 Oct 2023 | HK$120.7b | HK$298.4b | HK$9.0b | 5.7x | 13.4x | 0.4x |
| Wed, 30 Aug 2023 | HK$125.1b | HK$303.2b | HK$10.5b | 5.7x | 12x | 0.4x |
| Fri, 28 Jul 2023 | HK$131.7b | HK$312.5b | HK$13.1b | 5x | 10.1x | 0.4x |
| Sun, 25 Jun 2023 | HK$119.5b | HK$312.3b | HK$13.1b | 4.8x | 9.1x | 0.4x |
| Tue, 23 May 2023 | HK$122.5b | HK$317.9b | HK$13.3b | 5.1x | 9.2x | 0.4x |
| Thu, 20 Apr 2023 | HK$148.1b | HK$329.1b | HK$14.0b | 5.1x | 10.6x | 0.5x |
| Sat, 18 Mar 2023 | HK$146.7b | HK$342.7b | HK$15.2b | 5.3x | 9.6x | 0.4x |
| Mon, 13 Feb 2023 | HK$156.4b | HK$347.0b | HK$15.9b | 5.4x | 9.8x | 0.5x |
| Wed, 11 Jan 2023 | HK$147.8b | HK$346.7b | HK$15.9b | 5x | 9.3x | 0.4x |
| Fri, 09 Dec 2022 | HK$145.8b | HK$337.0b | HK$15.4b | 5.2x | 9.5x | 0.4x |
Price to Earnings Ratio
9.5x
Current Industry PE
- Investors are optimistic on the Hong Kong Chemicals industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 15.7x which is higher than its 3-year average PE of 12.8x.
- The industry is trading close to its 3-year average PS ratio of 0.41x.
Past Earnings Growth
- The earnings for companies in the Chemicals industry have declined 12% per year over the last three years.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Hong Kong Materials industry?
| HK Market | 1.07% | |
| Materials | 6.32% | |
| Chemicals | 5.63% | |
| Industrial Gases | 14.08% | |
| Fertilizers and Agricultural Chemicals | 8.87% | |
| Specialty Chemicals | 8.44% | |
| Commodity Chemicals | 3.01% | |
| Diversified Chemicals | -0.79% | |
Industry PE
- Investors are most optimistic about the Specialty Chemicals industry which is trading above its 3-year average PE ratio of 25.0x.
- Analysts are expecting annual earnings growth of 32.1%, which is higher than its past year's earnings growth of 15.9% per year.
- Investors are most pessimistic about the Industrial Gases industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 4.7x.
Forecasted Growth
- Analysts are most optimistic on the Commodity Chemicals industry, expecting annual earnings growth of 101% over the next 5 years.
- This is better than its past earnings growth rate of 34% per year.
- In contrast, the Diversified Chemicals industry is expected to see its earnings grow by 3.8% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 1866 China XLX Fertiliser | HK$9.40 | 22.2% +HK$2.5b | 123.3% | PE9.1x | |
| 6616 Global New Material International Holdings | HK$8.70 | 20.5% +HK$1.8b | 141.0% | PE49.6x | |
| 336 Huabao International Holdings | HK$3.92 | 13.3% +HK$1.5b | 69.7% | PS3.4x | |
| 297 Sinofert Holdings | HK$1.63 | 7.2% +HK$772.7m | 46.8% | PE9.3x | |
| 3983 China BlueChemical | HK$2.60 | 6.1% +HK$691.5m | 30.7% | PE10.6x |
