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Hoshine Silicon Industry SHSE:603260 Stock Report

Last Price


Market Cap







14 Aug, 2022


Company Financials +
603260 fundamental analysis
Snowflake Score
Future Growth2/6
Past Performance5/6
Financial Health6/6

603260 Stock Overview

Hoshine Silicon Industry Co., Ltd. produces and sells silicon-based materials in China and internationally.

Hoshine Silicon Industry Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Hoshine Silicon Industry
Historical stock prices
Current Share PriceCN¥136.60
52 Week HighCN¥259.80
52 Week LowCN¥70.84
1 Month Change30.10%
3 Month Change66.42%
1 Year Change7.05%
3 Year Change370.39%
5 Year Changen/a
Change since IPO580.33%

Recent News & Updates

Shareholder Returns

603260CN ChemicalsCN Market

Return vs Industry: 603260 exceeded the CN Chemicals industry which returned -9.4% over the past year.

Return vs Market: 603260 exceeded the CN Market which returned -10.1% over the past year.

Price Volatility

Is 603260's price volatile compared to industry and market?
603260 volatility
603260 Average Weekly Movement9.6%
Chemicals Industry Average Movement6.2%
Market Average Movement6.0%
10% most volatile stocks in CN Market9.1%
10% least volatile stocks in CN Market3.9%

Stable Share Price: 603260 is more volatile than 90% of CN stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: 603260's weekly volatility (10%) has been stable over the past year, but is still higher than 75% of CN stocks.

About the Company

200515,265Yedong Luo

Hoshine Silicon Industry Co., Ltd. produces and sells silicon-based materials in China and internationally. It offers silicon metals and metal powders; and silicone monomer, intermediate, rubber RTV and HTV, sealant, fluid, and fumed silica, as well as graphite carbon electrode. The company was founded in 2005 and is based in Pinghu, China.

Hoshine Silicon Industry Fundamentals Summary

How do Hoshine Silicon Industry's earnings and revenue compare to its market cap?
603260 fundamental statistics
Market CapCN¥146.73b
Earnings (TTM)CN¥9.35b
Revenue (TTM)CN¥24.41b


P/E Ratio


P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
603260 income statement (TTM)
Cost of RevenueCN¥11.44b
Gross ProfitCN¥12.97b
Other ExpensesCN¥3.62b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date


Earnings per share (EPS)8.70
Gross Margin53.13%
Net Profit Margin38.30%
Debt/Equity Ratio22.6%

How did 603260 perform over the long term?

See historical performance and comparison



Current Dividend Yield


Payout Ratio
We’ve recently updated our valuation analysis.


Is 603260 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score


Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 603260?

Other financial metrics that can be useful for relative valuation.

603260 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue6.1x
Enterprise Value/EBITDA11.8x
PEG Ratio2.1x

Price to Earnings Ratio vs Peers

How does 603260's PE Ratio compare to its peers?

603260 PE Ratio vs Peers
The above table shows the PE ratio for 603260 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average24.8x
603659 Shanghai Putailai New Energy TechnologyLtd
002466 Tianqi Lithium
600309 Wanhua Chemical Group
600884 Ningbo ShanshanLtd
603260 Hoshine Silicon Industry

Price-To-Earnings vs Peers: 603260 is good value based on its Price-To-Earnings Ratio (15.7x) compared to the peer average (24.8x).

Price to Earnings Ratio vs Industry

How does 603260's PE Ratio compare vs other companies in the CN Chemicals Industry?

Price-To-Earnings vs Industry: 603260 is good value based on its Price-To-Earnings Ratio (15.7x) compared to the CN Chemicals industry average (29.9x)

Price to Earnings Ratio vs Fair Ratio

What is 603260's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

603260 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15.7x
Fair PE Ratio18.3x

Price-To-Earnings vs Fair Ratio: 603260 is good value based on its Price-To-Earnings Ratio (15.7x) compared to the estimated Fair Price-To-Earnings Ratio (18.3x).

Share Price vs Fair Value

What is the Fair Price of 603260 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 603260 (CN¥136.6) is trading above our estimate of fair value (CN¥43.16)

Significantly Below Fair Value: 603260 is trading above our estimate of fair value.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is lower than the current share price.

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Future Growth

How is Hoshine Silicon Industry forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

Future Growth Score


Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 603260's forecast earnings growth (7.4% per year) is above the savings rate (3.2%).

Earnings vs Market: 603260's earnings (7.4% per year) are forecast to grow slower than the CN market (24.5% per year).

High Growth Earnings: 603260's earnings are forecast to grow, but not significantly.

Revenue vs Market: 603260's revenue (14.3% per year) is forecast to grow slower than the CN market (17.7% per year).

High Growth Revenue: 603260's revenue (14.3% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 603260's Return on Equity is forecast to be high in 3 years time (25%)

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Past Performance

How has Hoshine Silicon Industry performed over the past 5 years?

Past Performance Score


Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 603260 has a high level of non-cash earnings.

Growing Profit Margin: 603260's current net profit margins (38.3%) are higher than last year (19.8%).

Past Earnings Growth Analysis

Earnings Trend: 603260's earnings have grown significantly by 35% per year over the past 5 years.

Accelerating Growth: 603260's earnings growth over the past year (352.2%) exceeds its 5-year average (35% per year).

Earnings vs Industry: 603260 earnings growth over the past year (352.2%) exceeded the Chemicals industry 23.2%.

Return on Equity

High ROE: 603260's Return on Equity (42%) is considered outstanding.

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Financial Health

How is Hoshine Silicon Industry's financial position?

Financial Health Score


Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 603260's short term assets (CN¥10.4B) exceed its short term liabilities (CN¥9.0B).

Long Term Liabilities: 603260's short term assets (CN¥10.4B) exceed its long term liabilities (CN¥2.6B).

Debt to Equity History and Analysis

Debt Level: 603260's net debt to equity ratio (12.9%) is considered satisfactory.

Reducing Debt: 603260's debt to equity ratio has reduced from 58.1% to 22.6% over the past 5 years.

Debt Coverage: 603260's debt is well covered by operating cash flow (78.7%).

Interest Coverage: 603260's interest payments on its debt are well covered by EBIT (67.4x coverage).

Balance Sheet

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What is Hoshine Silicon Industry current dividend yield, its reliability and sustainability?

Dividend Score


Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 603260's dividend (1.11%) is higher than the bottom 25% of dividend payers in the CN market (0.45%).

High Dividend: 603260's dividend (1.11%) is low compared to the top 25% of dividend payers in the CN market (1.87%).

Stability and Growth of Payments

Stable Dividend: 603260 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 603260's dividend payments have increased, but the company has only paid a dividend for 4 years.

Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (16.8%), 603260's dividend payments are well covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (50089.6%), 603260's dividend payments are not well covered by cash flows.

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How experienced are the management team and are they aligned to shareholders interests?


Average management tenure


Yedong Luo (29 yo)





Mr. Luo Yedong serves as Director at Hoshine Silicon Industry Co., Ltd. since January 15, 2015 and serves as its General Manager since February 2021.

Leadership Team

Experienced Management: 603260's management team is seasoned and experienced (7.8 years average tenure).

Board Members

Experienced Board: 603260's board of directors are considered experienced (4.6 years average tenure).


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Company Information

Hoshine Silicon Industry Co., Ltd.'s employee growth, exchange listings and data sources

Key Information

  • Name: Hoshine Silicon Industry Co., Ltd.
  • Ticker: 603260
  • Exchange: SHSE
  • Founded: 2005
  • Industry: Specialty Chemicals
  • Sector: Materials
  • Implied Market Cap: CN¥146.731b
  • Shares outstanding: 1.07b
  • Website:

Number of Employees


  • Hoshine Silicon Industry Co., Ltd.
  • No. 530, Yashan West Road
  • Zhapu Town
  • Pinghu
  • Zhejiang Province
  • 314201
  • China


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/14 00:00
End of Day Share Price2022/08/12 00:00
Annual Earnings2021/12/31

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.