May 2026
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Largest Chemicals Public Companies in China
Benchmark revenue and EBITDA valuation multiples for public comps like
Wanhua Chemical, Ningxia Baofeng Energy Group, Qinghai Salt Lake Industry, Hengli Petrochemical and Rongsheng Petro Chemical.
 | Wanhua Chemical Group Co Ltd is engaged in the development, production, and sales of polyurethane and additives, isocyanate and derivative products; the sales of liquefied petroleum gas, propylene, acrylic acid, and other petrochemical products. | $11 | +44% | $35B | $50B | 1.7x | 9.4x | ||
| Ningxia Baofeng Energy Group Co Ltd is engaged in the production and sales of modern coal chemical products. The company operates through four segments. The Coking Products segment covers coal mining, washing, and coking activities. The Fine Chemical Products segment focuses on coal tar, crude benzene, and C4 deep-processed products. The Olefin Products segment is involved in the production of methanol and olefins. The Headquarters and Other Product segment manages investment, financing, and support services, alongside the activities of its commercial service companies. It generates the majority of its revenue from the Olefin Products segment. | $4 | +58% | $27B | $31B | 4.3x | 12.0x | ||
| Qinghai Salt Lake Industry Co Ltd operates in the dry inland Qarhan Salt Lake in Qinghai province. It is engaged in salt lake resource extraction and potash production. The company is engaged in the manufacture of chemical raw materials and chemical products. The company's main products include potassium chloride and lithium carbonate. | $5 | +105% | $25B | $21B | 9.2x | 17.3x | ||
| Hengli Petrochemical Co Ltd engages in the petrochemical industry. Its principal activities include: the production and sales of chemical fibers; sales of purified terephthalic acid; and import and export of goods. The company's main products include oil refining products, chemical products, PTA, polyester chips, polyester fibers, and films, among others. The company mainly operates in three business segments: the Petrochemical business segment, the Polyester business segment, and the Headquarters and other business segments. Maximum revenue is generated from the Petrochemical segment. Geographically, the company earns maximum revenue from overseas markets through exports. | $3 | +24% | $19B | $36B | 1.2x | 9.7x | ||
| Rongsheng Petro Chemical Co Ltd operates in the petrochemical industry. The company specializes in the production and marketing of petrochemicals and chemical fibers. Its product portfolio comprises synthetic fibers and films, synthetic raw material, synthetic resins, olefins, aromatics and phenols, and oil products. | $2 | +36% | $17B | $46B | 1.0x | 11.9x | ||
| Sicc Co Ltd is engaged in the research and development, production and sales of silicon carbide substrates. | $23 | +158% | $11B | $11B | 49.2x | 340.0x | ||
| Hubei Dinglong Co Ltd is engaged in producing and supplying imaging chemicals used in electronic displays in China. It designs, develops and manufactures imaging materials for both toner and ink products. The company also offers Charge Control Agents (CCA), colorants and special pigments for both the imaging industry and automotive producers. The products of the company are chemical prepared toner, charge control agent for toner, colorants for inkjet, dispersion and emulsion, plastic colorants, toner cartridges, chemical mechanical polishing pad, among others. | $11 | -- | $11B | $11B | 20.2x | 60.5x | ||
| Poco Holdings Co Ltd is engaged in production and sales of alloy powder. The company manufactures magnetic materials, inductors, chip inductors, coils, magnetic electronic components and related equipment; stainless steel powder, steel alloy powder, iron powder, copper powder, aluminum powder, special metal alloy powder. | $19 | +223% | $6B | $6B | 21.2x | 60.8x | ||
| Bluestar Adisseo Co is a China-based company engaged in the business of development, production, and sale of animal nutrition additives. Its products are Roddy US, Michael dimensional, ROVABIO, Hillier selenium, AdiSodium, and others. In addition, it also provides the customers with services such as Precision Nutrition Analysis service, Liquid Addition Solution, and E-lab service. The company's products are sold in China and other international countries. | $2 | +18% | $5B | $5B | 1.9x | 10.1x | ||
| Xinfengming Group Co Ltd is engaged in chemical fiber manufacturing. | $2 | +54% | $4B | $7B | 0.7x | 9.3x | ||
| Sinopec Shanghai Petrochemical Co Ltd is a Chinese petrochemical company. The company's operating segment includes four reportable segments: petroleum products, chemical products, trading of petrochemical products, and Other business. It generates maximum revenue from the Petroleum products segment. The petroleum products segment is equipped with crude oil refinery facilities used to produce qualified refined gasoline, fuel, diesel oil, heavy oil, and liquefied petroleum gas, and provide raw materials for the group's downstream petrochemical processing facilities. | $0 | +1% | $4B | $3B | 0.3x | 56.0x | ||
| CAC Nantong Chemical Co Ltd is engaged in Research and development, production and sales of pesticide products and functional chemicals. | $4 | -14% | $2B | $2B | 2.2x | 11.3x | ||
| Shanghai C and D Innostic Medical Technology Group Co Ltd is engaged in Direct sales and distribution of medical devices, and provision of services such as intensive operation of medical consumables (SPD) to terminal hospitals. | $4 | -- | $1B | $2B | 0.6x | 17.9x | ||
| Bide Pharmatech Co Ltd is engaged in the research and development, design, production and sales of drug molecular building blocks. | $8 | -- | $742M | $603M | 3.1x | 17.7x | ||
| SINOTECH Co Ltd is engaged in the research and development, production and sales of exhaust gas treatment catalysts, hydrogen fuel cell electrocatalysts, and other products. | $5 | -- | $550M | $657M | 2.5x | 354.6x | ||
| Median | $4 | +44% | $6B | $7B | 2.2x | 17.3x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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