Singapore's China Sunsine H1 revenue rises on higher pricing

China Sunsine Chemical Holdings

12/08/2026 10:52

Overview
China specialty rubber chemicals producer's H1 revenue rose 19% yr/yr, net profit up 5%
Company achieved record half-yearly sales volume, driven by higher ASP and demand
Special interim dividend of SGD 0.01 per share declared

Outlook
Company expects operating environment to remain challenging amid geopolitical uncertainties and volatile prices
China Sunsine sees intense industry competition continuing to impact market conditions
Company expresses confidence in long-term prospects despite current market challenges

Result Drivers
HIGHER SELLING PRICES - Revenue growth driven by a 9% increase in average selling price, mainly due to higher raw material costs and flexible pricing strategy
RECORD SALES VOLUME - Sales volume rose 9% yr/yr to a record 119,959 tonnes, reflecting continued healthy demand from customers
GROSS MARGIN IMPROVEMENT - Gross profit margin rose 0.6 percentage points to 25.2%, as higher selling prices offset increased raw material costs

Company press release: ID:nSN1JGW9d

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
RMB 2.008 bln
 
H1 Net Income
 
RMB 254.30 mln
 

Analyst Coverage
The one available analyst rating on the shares is "hold"
The average consensus recommendation for the specialty chemicals peer group is "buy."
Wall Street's median 12-month price target for China Sunsine Chemical Holdings Ltd is S$0.70, about 2.9% above its August 11 closing price of S$0.68
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 9 three months ago

Reuters Recommended Reads
Aug 12 - Germany's Brenntag Q2 sales rise 11%, operating EBITDA up 41% on higher chemical pricing
Aug 10 - Activated carbon producer Arq's Q2 results beat on higher pricing, volumes in core business
Aug 10 - Risun Group H1 revenue jumps, net loss narrows

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)