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Shaanxi Xinghua Chemistry Co (002109) Fair Value & Analysis

Basic Materials · CN · Market cap 3.4B CNY

SX Shaanxi Xinghua Chemistry Co 002109 · SHE
Price¥2.52
Fair Value¥3.92
Upside+55.6%
Quality27/100
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Evidence: Low Range ¥1.76 – ¥6.78 📤 Share as image

Fair value as of: Jul 22, 2026

From 4 valuation models · updated today

Price vs Fair Value (12 months)

¥5.28 ¥2.37 Fair Value ¥3.92 Jun 2025 Jul 2026

12‑month range ¥2.37 – ¥5.28 · fair‑value band ¥1.76 – ¥6.78 · the ¥2.52 price screens below the ¥3.92 fair value. As of Jul 22, 2026.

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Analysis

Shaanxi Xinghua Chemistry Co (002109) currently trades at ¥2.52, while our model-based Fair Value estimate is ¥3.92, implying the stock looks roughly 55.6% undervalued today. We read business quality at 27/100 (below-average quality), in the Basic Materials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: low), always confirm before acting.

Over the trailing twelve months, Shaanxi Xinghua Chemistry Co generated revenue of 3.8B CNY at a net margin of -10.7%. Revenue grew 27.5% year over year. It earns a return on equity of -10.7%. Net debt stands at 2.4B CNY. Fundamentals as of Jul 22, 2026

Our scenario range runs from ¥1.76 (bear case) to ¥6.78 (bull case); at ¥2.52, the current price sits within that range. The share trades about 54% below its 52-week high, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -57% fair-value upside, at 56%, 002109 screens cheaper than that median.

Key figures & financial health

Revenue (TTM) 3.8B CNY
Revenue growth (YoY) +27.5%
Net margin -10.7%
Return on equity -10.7%
Free cash flow −120M CNY FY2025
Operating margin 3.8%
More key figures
EPS (TTM) ¥-0.3200
EPS growth (YoY) -78.3%
Net debt 2.4B CNY FY2025

Figures from reported company fundamentals (EODHD) · as of Jul 22, 2026. TTM = trailing twelve months.

About the company

Shaanxi Xinghua Chemistry Co.,Ltd produces and sells ammonium nitrate products in China. It also offers liquid ammonia, methanol, methylamine, dimethylformamide, ethanol, and other products. The company was founded in 1997 and is based in Xingping, China.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Shaanxi Xinghua Chemistry Co reported revenue of ¥3.5B in FY2025 versus ¥2.8B in FY2021, a compound +5.8%/yr. Reported net income was −¥517M in FY2025.

Revenue +5.8%/yr
FY21 ¥2.8B
FY22 ¥3.3B
FY23 ¥3.7B
FY24 ¥4.1B
FY25 ¥3.5B
Net income
FY21 ¥539M
FY22 ¥386M
FY23 −¥412M
FY24 −¥380M
FY25 −¥517M

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Cite: Fair Value Calculator (2026). "Shaanxi Xinghua Chemistry Co Fair Value". https://www.fairvalue-calculator.com/stock/002109

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Frequently asked questions

Is Shaanxi Xinghua Chemistry Co (002109) undervalued?
As of Jul 22, 2026, our model estimates a fair value of ¥3.92 versus a price of ¥2.52, about +56% (undervalued). Model-based estimate, not financial advice.
What is the fair value of 002109?
Our model-based fair value for Shaanxi Xinghua Chemistry Co is ¥3.92 (as of Jul 22, 2026), built from audited fundamentals. The current price is ¥2.52.
What is the quality score of 002109?
Shaanxi Xinghua Chemistry Co has a Quality Score of 27/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Shaanxi Xinghua Chemistry Co (002109)?
Shaanxi Xinghua Chemistry Co reported trailing-twelve-month revenue of about 3.8B CNY (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 002109?
The net profit margin of Shaanxi Xinghua Chemistry Co is about -10.7%, meaning it is currently running at a net loss. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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Not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.