PerpEquities

Shandong Sinocera Functional Material Co., Ltd. (SINOCERA) financials

SHZ · Basic Materials · Chemicals - Specialty · 5,170 employees · CEO Xi Yun Huo

Price
CN¥38.55 +3.35%
Market cap
CN¥38.4B
Enterprise value
CN¥39.4B
Last report
Q3 '26 filed 2026-09-30
Next report
2027-04-22 EPS est. CN¥0.18
Revenue (TTM)CN¥5.38B+23.2% vs a year agoLast 4 quarters; bars = each quarter
Operating margin (TTM)14.1%-4.2 pp vs a year agoOperating income CN¥760M
Net income (TTM)CN¥666M+8.9% vs a year agoAfter tax, incl. non-operating gains
Free cash flow (TTM)CN¥55.1M-92.4% vs a year agoCapex CN¥792M
Diluted EPS (TTM)CN¥0.66+6.5% vs a year agoSum of the last 4 quarters
Net cash-CN¥976M-4,487.3% vs a year agoCash + short-term investments - debt

Valuation & key figures

Market cap
CN¥38.4B
EV CN¥39.4B
Revenue
CN¥5.38B
Trailing 12 months
Revenue growth
+21%
FY2026 consensus
Profit margin
12.4%
Net income / revenue, TTM
P/E
58.4×
Forward 48.6× (FY2026)
P/S
7.1×
Price / sales, TTM
EV / EBITDA
38.1×
TTM
Free cash flow
CN¥55.1M
Trailing 12 months
Net income
CN¥666M
Trailing 12 months
Revenue estimate
CN¥5.53B
FY2026 consensus
Earnings
2027-04-22
Revenue est. CN¥1.46B
Dividend
CN¥0.15
Per share, last 12 months

Key takeaways

Computed from the reported numbers - every statement carries the figure it rests on.

  • Last report (2026-10-26): revenue missed by 2.3%, EPS missed by 23.4%Revenue CN¥1.56B vs CN¥1.59B expected (-2.3%); EPS CN¥0.18 vs CN¥0.23 (-23.4%).
  • Revenue growth accelerating: 38.7% year on yearQ3 '26 revenue CN¥1.57B, against an average of 15.9% over the four quarters before.
  • Operating margin 14.1% (TTM), -4.2 pp on a year agoOperating income grew -4.8% while revenue grew 23.2%.
  • Capex 14.7% of revenue (a year ago 6.7%)CN¥792M invested in the last 4 quarters (+172.9% on a year earlier). Free cash flow CN¥55.1M = 8.3% of net income.
  • Returned CN¥135M to shareholders = 245.8% of free cash flowBuybacks CN¥0 (a year earlier CN¥102M), dividends CN¥135M, stock-based pay CN¥0 (TTM). More than the free cash flow: paid from cash or debt.
  • Diluted share count down 0.3% in a year988M diluted shares in Q3 '26, 991M a year earlier.
  • Net debt CN¥976MCash + short-term investments CN¥507M, debt incl. leases CN¥1.48B; a year ago net debt CN¥21.3M.

Last quarter: Q3 '26

Quarter ended 2026-09-30. Compared with the same quarter a year earlier and with the analyst consensus before the report.

Quarter vs a year ago

Q3 '26Year agoChange
RevenueCN¥1.57BCN¥1.13B+38.7%
Gross margin36.8%37.7%-0.9 pp
Operating incomeCN¥222MCN¥202M+10.1%
Operating margin14.2%17.8%-3.7 pp
Net incomeCN¥183MCN¥158M+15.8%
Diluted EPSCN¥0.18CN¥0.16+12.5%
Operating cash flowCN¥209MCN¥289M-27.6%
CapexCN¥208MCN¥104M+99.9%
Free cash flowCN¥1.13MCN¥185M-99.4%
R&DCN¥108MCN¥86M+26.1%
Stock-based compensationCN¥0CN¥0–

Reported vs consensus

2026-10-26
ActualConsensusvs consensus
RevenueCN¥1.56BCN¥1.59B-2.3%
EPS (as estimated)CN¥0.18CN¥0.23-23.4%

From the report of 2026-10-26 for Q3 '26: revenue and the EPS analysts estimate (often adjusted), so it can differ from the EPS of the statements above.

EPS vs consensus

last 8 reports

Revenue

Where the money comes from - by business line and by region, quarter by quarter.

Revenue, operating income and growth

quarterly

Margins & cost structure

How much of each unit of revenue is left at each level - and where the costs go.

Margins

quarterly

Costs as % of revenue

quarterly

Cash flow & capital allocation

Cash generated, what it is spent on, and what reaches shareholders.

Operating cash flow, capex, free cash flow

quarterly

Uses of cash vs operating cash flow

fiscal years

Last 4 quarters

cash flow statement
Operating cash flow
CN¥847M
Capex
-CN¥792M
Buybacks
CN¥0
Dividends
-CN¥135M
Acquisitions
-CN¥723M
Net debt issued
CN¥534M
Stock-based compensation
CN¥0
Free cash flow
CN¥55.1M
Returned to shareholders / FCF
245.8%

Share count and EPS

quarterly, diluted

Balance sheet

Liquidity, investments and debt at each quarter end.

Cash, investments and debt

quarter ends

Valuation & returns

Today's multiples against the company's own last five fiscal years; analyst targets and ratings.

Multiples and returns

TTM vs 5 fiscal years
Now5y averageWhere today sits in the 5-year range
P/E (TTM)58.4×44.3×27.9× – 55.1×
EV / EBITDA38.1×28.4×15.8× – 38.7×
EV / Sales7.3×7.5×4.1× – 12.9×
Price / FCF698.0×401.5× 4 of 5 years44.9× – 1,384.7×
Price / Book5.1×4.4×2.5× – 7.4×
FCF yield0.1%0.7%-1.2% – 2.2%
Return on invested capital6.8%8.9%7.3% – 12.0%
Return on equity9.1%9.8%8.5% – 13.8%

Outlook

Analyst consensus for the coming fiscal years and what it implies at today's price.

Consensus estimates

Fiscal yearRevenueGrowthEPSGrowthP/E at today's priceAnalysts (EPS)
FY2026CN¥5.53B+21.3%CN¥0.79+28.0%48.6×4
FY2027CN¥6.84B+23.7%CN¥1.08+35.9%35.7×6
FY2028CN¥8.08B+18.2%CN¥1.31+21.3%29.4×6

Financial statements

Every line of the income statement, balance sheet and cash flow statement - 12 quarters and 10 fiscal years, as values, as % of revenue or as growth.

Income statementRevenue, costs, operating income, net income and EPSOpenBalance sheetCash, investments, assets, debt, liabilities and equityOpenCash flowOperating cash flow, capex, free cash flow, buybacks and dividendsOpen

Sources

Statements, segment revenue, metrics and estimates are standardised from the company's filings.

Data as of 2026-11-02