Breaking Down Jiangyin Haida Rubber And Plastic Co., Ltd. Financial Health: Key Insights for Investors

Jiangyin Haida Rubber and Plastic Co., Ltd. presents a mixed financial picture that demands a closer look: quarterly revenue reached 902.06 million CNY (Q3 2025), with TTM revenue at 3.62 billion CNY-a 14.04% YoY rise-and 2024 annual revenue of 3.31 billion CNY (up 20.88% vs. 2023), while profitability shows TTM net income of 211.84 million CNY (EPS 0.35 CNY) against a trailing P/E of 28.72, operating margin near 10.00% and net margin of 5.85%; balance-sheet strength features a conservative 0.12 debt-to-equity, current ratio 2.31, quick ratio 1.82 and interest coverage of 26.60, even as earnings have declined at an average annual rate of -3.3% and key returns (ROE 8.68%, ROA 4.98%, ROIC 6.66%) trail industry medians-read on to explore revenue drivers, valuation metrics (EV 6.24 billion CNY; market cap ~6.08/5.81 billion CNY in different snapshots), liquidity, debt structure and the principal risks and growth levers shaping investor decisions.

Jiangyin Haida Rubber And Plastic Co., Ltd. (300320.SZ) Revenue Analysis

Jiangyin Haida Rubber And Plastic Co., Ltd. reported steady top-line performance through the latest reporting period, with modest sequential growth and strong year-over-year momentum driven by both volume and pricing factors across product lines.

• Quarter ending 30-Sep-2025 revenue: 902.06 million CNY (+1.53% vs prior quarter)
• Trailing twelve months (TTM) revenue as of 30-Sep-2025: 3.62 billion CNY (+14.04% YoY)
• Full-year 2024 revenue: 3.31 billion CNY (+20.88% vs 2023)
• Revenue per employee: ~1.38 million CNY (2,632 employees)
• Market capitalization: 5.81 billion CNY; P/S ratio: 1.60

Key observations:

• Consistent revenue growth trajectory: 20.88% YoY growth in 2024 and 14.04% TTM growth as of 30-Sep-2025 indicate continued topline expansion.
• Sequential moderation: Q3 2025 grew 1.53% vs prior quarter, suggesting stabilization after faster prior-year gains.
• Productivity and scale: ~1.38 million CNY revenue per employee reflects operational leverage in manufacturing and distribution.
• Valuation context: P/S of 1.60 on a 5.81 billion CNY market cap implies a modest multiple relative to growth - useful for investor comparisons.

For context on strategic positioning and corporate intent that may affect future revenue drivers, see: Mission Statement, Vision, & Core Values (2026) of Jiangyin Haida Rubber And Plastic Co., Ltd.

Jiangyin Haida Rubber And Plastic Co., Ltd. (300320.SZ) Profitability Metrics

• Net income (TTM ending 2025-09-30): 211.84 million CNY; EPS: 0.35 CNY.
• Quarterly operating margin (Q2 2025): 10.00%.
• Net profit margin (TTM): 5.85% - indicating the company retains ~5.85 CNY of profit per 100 CNY of revenue.
• ROE (Q2 2025): 9.00% - shareholders earn 9% on equity in the latest reported quarter.
• ROA (TTM): 4.98% - asset base generates roughly 4.98% return.
• ROIC (TTM): 6.66% - invested capital returns at a mid-single-digit rate.
• Earnings trend: company earnings decline at an average annual rate of -3.3% versus the Chemicals industry decline of 3.7% annually.

• Profitability context: operating margin at 10% and net margin at 5.85% point to reasonable operational control but limited bottom-line conversion after overhead, financing, and taxes.
• Capital efficiency: ROIC of 6.66% exceeding ROA (4.98%) suggests the company is extracting better returns from invested capital than from total assets alone.
• Shareholder return: ROE of 9% aligns with EPS of 0.35 CNY given current equity levels - moderate returns but below high-growth peers.
• Trend comparison: earnings are declining at -3.3% annually, slightly outperforming the broader Chemicals industry decline of -3.7% (a relative outperformance, though still negative).

Jiangyin Haida Rubber And Plastic Co., Ltd. (300320.SZ) - Debt vs. Equity Structure

• Debt-to-equity ratio: 0.12 - conservative leverage profile.
• Interest coverage ratio: 26.60 - strong ability to service interest expense.
• Enterprise value: 6.24 billion CNY; Market capitalization: 6.08 billion CNY.
• Current ratio: 2.31; Quick ratio: 1.82 - solid short-term liquidity.
• Total liabilities: not specified in the provided data, but low D/E implies manageable debt levels.
• Return metrics (ROE, ROIC): indicate effective use of equity and invested capital.

• Investor takeaway: conservative capital structure with ample liquidity and strong interest coverage reduces solvency risk while ROE/ROIC suggest efficient capital deployment.
• Valuation context: EV ≈ market cap signals low net debt exposure; further assessment requires detailed liabilities and cash positions.

Jiangyin Haida Rubber And Plastic Co., Ltd. (300320.SZ) Liquidity and Solvency

Jiangyin Haida Rubber And Plastic Co., Ltd. (300320.SZ) presents a solid short-term and long-term financial posture driven by healthy liquidity metrics, low leverage and strong cash generation.

• Current ratio: 2.31 - comfortably above 1.0, indicating good short-term financial health and capacity to meet current obligations.
• Quick ratio: 1.82 - sufficient immediate liquidity when inventory is excluded.
• Debt-to-equity ratio: 0.12 - very low leverage, signaling limited reliance on external debt financing.
• Interest coverage ratio: 26.60 - ample ability to service interest expenses from operating earnings.

Key operational and balance-sheet signals to watch:

• High operating cash flow (219.01 million CNY in Q1 2025) supports capital expenditure, dividends or further deleveraging.
• Low debt-to-equity (0.12) combined with an interest coverage of 26.60 provides resilience in downturns and flexibility for strategic investments.
• Effective tax rate of 15.23% and cash taxes of 39.10 million CNY affect free cash flow conversion and shareholder returns.

For broader context on the company's background and strategy, see: Jiangyin Haida Rubber And Plastic Co., Ltd.: History, Ownership, Mission, How It Works & Makes Money

Jiangyin Haida Rubber And Plastic Co., Ltd. (300320.SZ) - Valuation Analysis

• Trailing P/E: 28.72 - the stock trades at nearly 29 times last 12 months' earnings.
• P/S ratio: 1.68 - market values the firm at 1.68x trailing revenues.
• P/B ratio: 2.43 - equity is priced at 2.43x book value, indicating moderate premium to net assets.
• EV/EBITDA: 15.71 - suggests valuation on operating cash profits in the mid-teens.
• EV/FCF: 39.48 - a high multiple relative to free cash flow, indicating limited FCF or elevated price relative to cash generation.
• PEG ratio: not available - growth-adjusted P/E is not provided, so forward-growth expectations are not directly reflected in a PEG metric.

Jiangyin Haida Rubber And Plastic Co., Ltd. (300320.SZ) - Risk Factors

• Earnings trend: The company's earnings have been declining at an average annual rate of -3.3%, signaling pressure on profitability and investor returns.
• Operating margin deterioration: Operating margin has fallen for five consecutive years, with an average annual decline of -10.7%, indicating weakening operational efficiency or rising costs.
• Profitability vs. peers: Reported net profit margin stands at 5.85%, noted as lower than the industry median of 4.78%.
• Equity returns: Return on equity (ROE) is 8.68%, below the industry median ROE of 11.51%, suggesting lower shareholder value generation relative to peers.
• Asset efficiency: Return on assets (ROA) is 4.98%, underperforming the industry median ROA of 6.68%.
• Capital efficiency: Return on invested capital (ROIC) is 6.66%, beneath the industry median of 9.00%, indicating less effective use of capital.

• Operational risks: Continued operating margin contraction may be driven by rising raw-material or energy costs, pricing pressure from customers, or inefficiencies in production scale.
• Profitability risks: Lower ROE/ROA/ROIC relative to industry medians suggests limited ability to convert assets and equity into earnings - a red flag for long-term capital allocation.
• Market & demand risk: Declining earnings growth (-3.3% p.a.) increases sensitivity to cyclical downturns in automotive, industrial or consumer end-markets served by rubber and plastic components.
• Financial flexibility risk: If margin and earnings pressure persist, the company could face reduced free cash flow, constraining investments or increasing reliance on external financing.

Jiangyin Haida Rubber And Plastic Co., Ltd. (300320.SZ) - Growth Opportunities

• Revenue growth: historical average growth of 9% per year, indicating consistent top-line expansion.
• Operational cash generation: operating cash flow for the quarter ending March 2025 reached 219.01 million CNY - the highest quarterly level recorded, signaling improving working-capital management and cash conversion.
• Capital efficiency: return on capital employed (ROCE) stands at 7.56%, reflecting productive use of invested capital relative to operating profits.

• Scale and valuation: market cap growth from 1.33B to 5.81B CNY at an 11.61% CAGR suggests sustained investor confidence and potential for further multiple expansion if performance continues.
• Operational leverage: record operating cash flow (219.01M CNY in Q1 2025) provides optionality for reinvestment, debt reduction or shareholder returns.
• Human capital efficiency: revenue per employee ~1.38M CNY indicates productivity that can support margin expansion if fixed costs are contained.
• Value creation potential: enterprise value of 6.24B CNY relative to market cap signals room for corporate actions or improved return metrics to translate into equity value upside.