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Red Avenue New Materials GroupSHSE:603650 Stock Report

Market Cap CN¥19.3b
Share Price
n/a
1Y3.7%
7D1.4%
Portfolio Value
​
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Red Avenue New Materials Group Co., Ltd.

SHSE:603650 Stock Report

Market Cap: CN¥19.3b

Red Avenue New Materials Group (603650) Stock Overview

Research, develops, produces, and sells new materials in China and internationally. More details

603650 fundamental analysis
Snowflake Score
Valuation1/6
Future Growth4/6
Past Performance5/6
Financial Health3/6
Dividends3/6

Rewards

Price-To-Earnings ratio (36.1x) is below the CN market (41x)

Earnings are forecast to grow 21.16% per year

Earnings grew by 13.8% over the past year

Risk Analysis

Debt is not well covered by operating cash flow

Dividend of 3.1% is not well covered by free cash flows


603650 Community Fair Values

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See what others think this stock is worth. Follow their fair value or set your own to get alerts.

Red Avenue New Materials Group Co., Ltd. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Red Avenue New Materials Group
Historical stock prices
Current Share PriceCN¥32.27
52 Week HighCN¥41.80
52 Week LowCN¥25.13
Beta0.14
1 Month Change4.77%
3 Month Change-0.093%
1 Year Change3.66%
3 Year Change16.84%
5 Year Change12.13%
Change since IPO81.91%

Recent News & Updates

Red Avenue New Materials Group Co., Ltd.'s (SHSE:603650) Business Is Trailing The Market But Its Shares Aren't

Feb 17
Red Avenue New Materials Group Co., Ltd.'s (SHSE:603650) Business Is Trailing The Market But Its Shares Aren't

If EPS Growth Is Important To You, Red Avenue New Materials Group (SHSE:603650) Presents An Opportunity

Jan 31
If EPS Growth Is Important To You, Red Avenue New Materials Group (SHSE:603650) Presents An Opportunity

Recent updates

Red Avenue New Materials Group Co., Ltd.'s (SHSE:603650) Business Is Trailing The Market But Its Shares Aren't

Feb 17
Red Avenue New Materials Group Co., Ltd.'s (SHSE:603650) Business Is Trailing The Market But Its Shares Aren't

If EPS Growth Is Important To You, Red Avenue New Materials Group (SHSE:603650) Presents An Opportunity

Jan 31
If EPS Growth Is Important To You, Red Avenue New Materials Group (SHSE:603650) Presents An Opportunity

Red Avenue New Materials Group (SHSE:603650) Will Be Hoping To Turn Its Returns On Capital Around

Jan 15
Red Avenue New Materials Group (SHSE:603650) Will Be Hoping To Turn Its Returns On Capital Around

Is Red Avenue New Materials Group (SHSE:603650) A Risky Investment?

Dec 16
Is Red Avenue New Materials Group (SHSE:603650) A Risky Investment?

Red Avenue New Materials Group Co., Ltd. (SHSE:603650) Stock Rockets 30% As Investors Are Less Pessimistic Than Expected

Nov 11
Red Avenue New Materials Group Co., Ltd. (SHSE:603650) Stock Rockets 30% As Investors Are Less Pessimistic Than Expected

Red Avenue New Materials Group (SHSE:603650) Will Be Hoping To Turn Its Returns On Capital Around

Sep 30
Red Avenue New Materials Group (SHSE:603650) Will Be Hoping To Turn Its Returns On Capital Around

Red Avenue New Materials Group (SHSE:603650) Has A Pretty Healthy Balance Sheet

Sep 11
Red Avenue New Materials Group (SHSE:603650) Has A Pretty Healthy Balance Sheet

Risks To Shareholder Returns Are Elevated At These Prices For Red Avenue New Materials Group Co., Ltd. (SHSE:603650)

Jun 26
Risks To Shareholder Returns Are Elevated At These Prices For Red Avenue New Materials Group Co., Ltd. (SHSE:603650)

These 4 Measures Indicate That Red Avenue New Materials Group (SHSE:603650) Is Using Debt Reasonably Well

Jun 09
These 4 Measures Indicate That Red Avenue New Materials Group (SHSE:603650) Is Using Debt Reasonably Well

Red Avenue New Materials Group Co., Ltd.'s (SHSE:603650) Shares May Have Run Too Fast Too Soon

Mar 01
Red Avenue New Materials Group Co., Ltd.'s (SHSE:603650) Shares May Have Run Too Fast Too Soon

Shareholder Returns

603650CN ChemicalsCN Market
7D1.4%1.9%1.3%
1Y3.7%21.9%26.0%

Return vs Industry: 603650 underperformed the CN Chemicals industry which returned 21.9% over the past year.

Return vs Market: 603650 underperformed the CN Market which returned 26% over the past year.

Price Volatility

Is 603650's price volatile compared to industry and market?
603650 volatility
603650 Average Weekly Movement2.7%
Chemicals Industry Average Movement4.9%
Market Average Movement4.9%
10% most volatile stocks in CN Market8.6%
10% least volatile stocks in CN Market2.8%

Stable Share Price: 603650 has not had significant price volatility in the past 3 months compared to the CN market.

Volatility Over Time: 603650's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19991,218Lin Dingwww.rachem.com

Red Avenue New Materials Group Co., Ltd. research, develops, produces, and sells new materials in China and internationally. The company offers tackifying resins; P-tert-butyl, P-octyl, tail oil modification, phenol-formaldehyde tackifying resins; CNSL modified phenol formaldehyde reinforcing resin; resorcinol formaldehyde resin; and curing, wet grp, anti-tear, tread, and sidewall resin.

Red Avenue New Materials Group Co., Ltd. Fundamentals Summary

How do Red Avenue New Materials Group's earnings and revenue compare to its market cap?
603650 fundamental statistics
Market capCN¥19.28b
Earnings (TTM)CN¥532.54m
Revenue (TTM)CN¥3.34b
36.1x
P/E Ratio
5.8x
P/S Ratio

Is 603650 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
603650 income statement (TTM)
RevenueCN¥3.34b
Cost of RevenueCN¥2.52b
Gross ProfitCN¥824.44m
Other ExpensesCN¥291.91m
EarningsCN¥532.54m

Last Reported Earnings

Mar 31, 2025

Next Earnings Date

Aug 28, 2025

Earnings per share (EPS)0.89
Gross Margin24.66%
Net Profit Margin15.93%
Debt/Equity Ratio115.0%

How did 603650 perform over the long term?

See historical performance and comparison

Dividends

3.1%
Current Dividend Yield
84%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/07/21 09:12
End of Day Share Price 2025/07/21 00:00
Earnings2025/03/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Red Avenue New Materials Group Co., Ltd. is covered by 7 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Chao LiCitic Securities Co., Ltd.
Nai Di ZhaoEverbright Securities Co. Ltd.
Jin JiIndustrial Securities Co. Ltd.