Be Wary Of China Sanjiang Fine Chemicals (HKG:2198) And Its Returns On Capital
Jan 09
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Hong Kong (HSI) Commodity Chemicals Industry Analysis
UpdatedJan 09, 2026
DataAggregated Company Financials
Companies15
- 7D2.7%
- 3M0.8%
- 1Y17.1%
- YTDn/a
The Commodity Chemicals industry is up 3.6% in the last week, with China Sanjiang Fine Chemicals up 13%. In the same time, Ngai Hing Hong was down 18%. This takes the industry's 12 month performance to a gain of 18%. Earnings are forecast to grow by 99% annually.
Industry Valuation and Performance
Has the Hong Kong Commodity Chemicals Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 10 Jan 2026 | HK$50.5b | HK$178.6b | HK$1.5b | 7.1x | 33x | 0.3x |
| Mon, 08 Dec 2025 | HK$49.4b | HK$176.3b | HK$1.5b | 7.5x | 32.7x | 0.3x |
| Wed, 05 Nov 2025 | HK$47.8b | HK$174.8b | HK$1.5b | 6.9x | 31.7x | 0.3x |
| Fri, 03 Oct 2025 | HK$48.8b | HK$178.4b | HK$1.5b | 6.9x | 32.9x | 0.3x |
| Sun, 31 Aug 2025 | HK$49.2b | HK$183.7b | HK$1.4b | 6.8x | 34.8x | 0.3x |
| Tue, 29 Jul 2025 | HK$48.9b | HK$186.8b | HK$1.7b | 7.4x | 28.6x | 0.3x |
| Thu, 26 Jun 2025 | HK$47.4b | HK$186.9b | HK$1.7b | 6.8x | 27.8x | 0.3x |
| Sat, 24 May 2025 | HK$46.8b | HK$186.1b | HK$1.7b | 6.1x | 27.8x | 0.3x |
| Mon, 21 Apr 2025 | HK$49.0b | HK$183.6b | HK$1.8b | 6.1x | 26.6x | 0.3x |
| Wed, 19 Mar 2025 | HK$53.0b | HK$188.4b | HK$687.5m | 7.6x | 77x | 0.3x |
| Fri, 14 Feb 2025 | HK$49.9b | HK$187.3b | HK$729.7m | 7.8x | 68.3x | 0.3x |
| Sun, 12 Jan 2025 | HK$45.7b | HK$186.3b | HK$729.6m | 8x | 62.6x | 0.2x |
| Tue, 10 Dec 2024 | HK$51.0b | HK$187.5b | HK$709.8m | 8.1x | 71.9x | 0.3x |
| Thu, 07 Nov 2024 | HK$52.6b | HK$189.7b | HK$710.0m | 8.5x | 74x | 0.3x |
| Sat, 05 Oct 2024 | HK$52.2b | HK$195.4b | HK$998.9m | 7.6x | 52.3x | 0.3x |
| Mon, 02 Sep 2024 | HK$46.2b | HK$195.0b | HK$980.2m | 7.3x | 47.2x | 0.2x |
| Wed, 31 Jul 2024 | HK$46.2b | HK$181.5b | HK$546.8m | 8.1x | 84.6x | 0.3x |
| Fri, 28 Jun 2024 | HK$46.0b | HK$181.0b | HK$546.8m | 8x | 84.2x | 0.3x |
| Sun, 26 May 2024 | HK$47.6b | HK$178.8b | HK$454.7m | 9.1x | 104.6x | 0.3x |
| Tue, 23 Apr 2024 | HK$48.3b | HK$179.9b | HK$161.3m | 8.5x | 299.6x | 0.3x |
| Thu, 21 Mar 2024 | HK$47.2b | HK$177.6b | -HK$209,189,109.83 | 6.9x | -225.7x | 0.3x |
| Sat, 17 Feb 2024 | HK$46.5b | HK$174.8b | -HK$294,045,753.56 | 6.2x | -158x | 0.3x |
| Mon, 15 Jan 2024 | HK$48.3b | HK$173.8b | -HK$290,467,743.00 | 6.6x | -166.2x | 0.3x |
| Wed, 13 Dec 2023 | HK$47.7b | HK$171.1b | -HK$392,099,624.00 | 6.1x | -121.8x | 0.3x |
| Fri, 10 Nov 2023 | HK$48.0b | HK$168.6b | -HK$384,204,905.00 | 6.3x | -124.9x | 0.3x |
| Sun, 08 Oct 2023 | HK$48.9b | HK$154.7b | -HK$2,352,985,464.00 | 6.5x | -20.8x | 0.3x |
| Tue, 05 Sep 2023 | HK$51.1b | HK$155.7b | -HK$2,356,610,958.00 | 6.8x | -21.7x | 0.3x |
| Thu, 03 Aug 2023 | HK$53.6b | HK$156.1b | -HK$1,293,371,515.00 | 6.9x | -41.5x | 0.3x |
| Sat, 01 Jul 2023 | HK$53.7b | HK$156.2b | -HK$492,528,256.00 | 5.4x | -109.1x | 0.3x |
| Mon, 29 May 2023 | HK$54.6b | HK$160.0b | -HK$528,079,856.00 | 5.6x | -103.4x | 0.3x |
| Wed, 26 Apr 2023 | HK$59.2b | HK$167.8b | -HK$139,933,489.00 | 6.3x | -423.2x | 0.4x |
| Fri, 24 Mar 2023 | HK$60.2b | HK$183.7b | HK$1.3b | 5.4x | 46.4x | 0.3x |
| Sun, 19 Feb 2023 | HK$60.0b | HK$186.2b | HK$2.8b | 4.9x | 21.2x | 0.3x |
| Tue, 17 Jan 2023 | HK$59.3b | HK$188.8b | HK$2.8b | 4.6x | 20.8x | 0.3x |
Price to Earnings Ratio
20.8x
Current Industry PE
- Investors are optimistic on the Hong Kong Commodity Chemicals industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 33.2x which is higher than its 3-year average PE of 6.3x.
- The industry is trading close to its 3-year average PS ratio of 0.28x.
Past Earnings Growth
- The earnings for companies in the Commodity Chemicals industry have declined 19% per year over the last three years,
- Revenues have also declined 2.0% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Comparison
How does Hong Kong Commodity Chemicals compare with similar industries?
| HK Market | 1.60% | |
| Materials | 4.77% | |
| Chemicals | 1.67% | |
| Commodity Chemicals | 2.65% | |
| Industrial Gases | 7.78% | |
| Diversified Chemicals | 6.29% | |
| Fertilizers and Agricultural Chemicals | 0.17% | |
| Specialty Chemicals | -0.024% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 338 Sinopec Shanghai Petrochemical | HK$1.50 | 8.7% +HK$1.3b | 35.1% | PS0.2x | |
| 2198 China Sanjiang Fine Chemicals | HK$3.58 | 14.4% +HK$534.2m | 122.4% | PE5.6x | |
| 746 Lee & Man Chemical | HK$5.42 | 3.6% +HK$156.8m | 43.8% | PE7.9x | |
| 640 Infinity Development Holdings | HK$2.62 | 3.6% +HK$28.5m | 32.3% | PE6.8x | |
| 408 Yip's Chemical Holdings | HK$1.90 | 1.1% +HK$11.2m | 31.9% | PE8.2x |
