Be Wary Of China Sanjiang Fine Chemicals (HKG:2198) And Its Returns On Capital
Jan 09
Have your own idea? Try our Stock Screener
Hong Kong (HSI) Chemicals Industry Analysis
UpdatedJan 12, 2026
DataAggregated Company Financials
Companies38
- 7D2.8%
- 3M5.1%
- 1Y44.5%
- YTD2.8%
Sinopec Shanghai Petrochemical is up 8.7%, leading the way for the Chemicals industry, which has gained 2.8%. During this same period, the Global New Material International Holdings underperformed, falling 10%. This means that the industry has gained 44% over the past year. Earnings are forecast to grow by 45% 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 |
|---|---|---|---|---|---|---|
| Mon, 12 Jan 2026 | HK$172.2b | HK$322.9b | HK$10.7b | 8.7x | 16.2x | 0.5x |
| Wed, 10 Dec 2025 | HK$163.8b | HK$318.5b | HK$10.5b | 8.8x | 15.6x | 0.5x |
| Fri, 07 Nov 2025 | HK$157.2b | HK$315.6b | HK$10.4b | 9.6x | 15.1x | 0.5x |
| Sun, 05 Oct 2025 | HK$160.2b | HK$319.2b | HK$10.4b | 8.8x | 15.4x | 0.5x |
| Tue, 02 Sep 2025 | HK$163.8b | HK$319.2b | HK$10.4b | 8x | 15.8x | 0.5x |
| Thu, 31 Jul 2025 | HK$154.4b | HK$328.0b | HK$8.9b | 9.7x | 17.4x | 0.5x |
| Sat, 28 Jun 2025 | HK$141.5b | HK$328.7b | HK$8.8b | 9.4x | 16.1x | 0.4x |
| Mon, 26 May 2025 | HK$131.9b | HK$326.5b | HK$8.7b | 9.5x | 15.2x | 0.4x |
| Wed, 23 Apr 2025 | HK$129.8b | HK$319.7b | HK$8.6b | 9x | 15x | 0.4x |
| Fri, 21 Mar 2025 | HK$137.1b | HK$326.3b | HK$9.3b | 9.6x | 14.8x | 0.4x |
| Sun, 16 Feb 2025 | HK$128.3b | HK$329.4b | HK$8.6b | 10x | 15x | 0.4x |
| Tue, 14 Jan 2025 | HK$123.4b | HK$326.2b | HK$8.5b | 9.4x | 14.6x | 0.4x |
| Thu, 12 Dec 2024 | HK$129.5b | HK$328.4b | HK$8.5b | 9.2x | 15.2x | 0.4x |
| Sat, 09 Nov 2024 | HK$130.2b | HK$332.4b | HK$8.3b | 9.7x | 15.6x | 0.4x |
| Mon, 07 Oct 2024 | HK$139.6b | HK$339.7b | HK$8.7b | 9.2x | 16x | 0.4x |
| Wed, 04 Sep 2024 | HK$117.5b | HK$337.9b | HK$8.6b | 9.3x | 13.7x | 0.3x |
| Fri, 02 Aug 2024 | HK$120.6b | HK$323.2b | HK$10.0b | 10x | 12.1x | 0.4x |
| Sun, 30 Jun 2024 | HK$126.2b | HK$322.1b | HK$9.9b | 9.2x | 12.7x | 0.4x |
| Tue, 28 May 2024 | HK$135.4b | HK$321.2b | HK$10.0b | 10.3x | 13.5x | 0.4x |
| Thu, 25 Apr 2024 | HK$121.9b | HK$323.0b | HK$10.1b | 9.3x | 12.1x | 0.4x |
| Sat, 23 Mar 2024 | HK$118.6b | HK$322.3b | HK$11.6b | 6.4x | 10.2x | 0.4x |
| Mon, 19 Feb 2024 | HK$112.1b | HK$315.5b | HK$10.9b | 5.7x | 10.3x | 0.4x |
| Wed, 17 Jan 2024 | HK$115.4b | HK$319.0b | HK$11.3b | 5.5x | 10.2x | 0.4x |
| Fri, 15 Dec 2023 | HK$112.8b | HK$318.5b | HK$11.3b | 5.1x | 10x | 0.4x |
| Sun, 12 Nov 2023 | HK$114.4b | HK$312.2b | HK$11.0b | 5.1x | 10.4x | 0.4x |
| Tue, 10 Oct 2023 | HK$118.0b | HK$298.9b | HK$9.1b | 5.5x | 13x | 0.4x |
| Thu, 07 Sep 2023 | HK$123.5b | HK$302.2b | HK$10.6b | 5.7x | 11.7x | 0.4x |
| Sat, 05 Aug 2023 | HK$131.7b | HK$310.0b | HK$12.2b | 5.3x | 10.8x | 0.4x |
| Mon, 03 Jul 2023 | HK$125.2b | HK$309.3b | HK$12.9b | 5x | 9.7x | 0.4x |
| Wed, 31 May 2023 | HK$132.9b | HK$316.2b | HK$13.3b | 4.8x | 10x | 0.4x |
| Fri, 28 Apr 2023 | HK$144.0b | HK$327.8b | HK$14.0b | 5.2x | 10.3x | 0.4x |
| Sun, 26 Mar 2023 | HK$145.9b | HK$324.6b | HK$13.6b | 5.4x | 10.7x | 0.4x |
| Tue, 21 Feb 2023 | HK$151.5b | HK$343.9b | HK$15.8b | 5.2x | 9.6x | 0.4x |
| Thu, 19 Jan 2023 | HK$153.9b | HK$348.4b | HK$16.0b | 5.2x | 9.6x | 0.4x |
Price to Earnings Ratio
9.6x
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 16.2x which is higher than its 3-year average PE of 13.0x.
- 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 13% per year over the last three years,
- Revenues have also declined 2.5% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the Hong Kong Materials industry?
| HK Market | -0.093% | |
| Materials | 3.98% | |
| Chemicals | 2.82% | |
| Industrial Gases | 7.78% | |
| Commodity Chemicals | 5.48% | |
| Diversified Chemicals | 4.36% | |
| Specialty Chemicals | 1.55% | |
| Fertilizers and Agricultural Chemicals | 0.48% | |
Industry PE
- Investors are most optimistic about the Specialty Chemicals industry which is trading above its 3-year average PE ratio of 26.3x.
- 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 Diversified Chemicals industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 4.8x.
Forecasted Growth
- Analysts are most optimistic on the Commodity Chemicals industry, expecting annual earnings growth of 100% over the next 5 years.
- This is better than its past earnings growth rate of 23% 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 | |
|---|---|---|---|---|---|
| 336 Huabao International Holdings | HK$4.45 | 11.5% +HK$1.5b | 117.1% | PS3.8x | |
| 546 Fufeng Group | HK$8.48 | 6.0% +HK$1.2b | 63.7% | PE6.2x | |
| 338 Sinopec Shanghai Petrochemical | HK$1.45 | 5.1% +HK$738.0m | 29.5% | PS0.2x | |
| 2198 China Sanjiang Fine Chemicals | HK$3.53 | 14.2% +HK$522.3m | 113.9% | PE5.5x | |
| 6616 Global New Material International Holdings | HK$8.95 | 4.1% +HK$433.6m | 152.8% | PE50.3x |
