Stock 603650 RED AVENUE NEW MATERIALS GROUP CO., LTD.
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Company Red Avenue New Materials Group Co., Ltd.

Equities

603650

CNE1000036G1

Specialty Chemicals

End-of-day quote Shanghai S.E.
Other stock markets
 03:30:00 26/04/2024 am IST 		5-day change 1st Jan Change
29.22 CNY -0.78% Intraday chart for Red Avenue New Materials Group Co., Ltd. +6.41% -12.25%
24/04 Red Avenue New Materials Group Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023 CI
07/02 Red Avenue New Materials Group Co., Ltd. announces an Equity Buyback for CNY 120 million worth of its shares. CI

Business Summary

Red Avenue New Materials Group Co., Ltd. is a China-based company principally engaged in the research, development, production, sales and trading of fine chemical materials. The Company's main products are phenolic resins for rubber, including tackifying resins, reinforcing resins and adhesive resins. The Company's products are mainly applied in tires, as well as hoses, adhesive tapes, rubber shoes and other rubber products. The Company is also engaged in the trading of homogenizers, tackifying resins, adhesives, cobalt salts, white carbon, protective waxes, environmentally friendly oils and other processing aids.

Number of employees: 1,118

Sales per Business

CNY in Million2022Weight2023Weight Delta
Rubber Auxiliaries and Other Products
77.5 %
2,098 83.9 % 2,280 77.5 % +8.70%
Electronic Materials Products
19.1 %
385 15.4 % 563 19.1 % +46.05%
Fully Biodegradable Material Products
3.4 %
17 0.7 % 101 3.4 % +492.10%

Sales per region

CNY in Million2022Weight2023Weight Delta
China
81.3 %
2,072 82.9 % 2,386 81.3 % +15.16%
Other Areas
18.7 %
428 17.1 % 549 18.7 % +28.06%

Managers

Managers TitleAgeSince
Wen Ren Jiang CHM
 Chairman 43 10/22/10
Lin Ding PSD
 President 52 01/21/01
Yao Ming Yu DFI
 Director of Finance/CFO 54 06/21/06
Min Jian Yuan BRD
 Director/Board Member 56 23/19/23
Jian Hui Zhou BRD
 Director/Board Member 60 06/16/06
Kai Hao SEC
 Corporate Secretary 44 15/21/15

Members of the board

Members of the board TitleAgeSince
Yao Ming Yu DFI
 Director of Finance/CFO 54 06/21/06
Ning Zhang CHM
 Chairman 50 06/16/06
Jian Hui Zhou BRD
 Director/Board Member 60 06/16/06
Yun Zhang BRD
 Director/Board Member 48 10/22/10
Yao Ling Feng BRD
 Director/Board Member 66 10/22/10
Sheng Wu Wu BRD
 Director/Board Member 51 10/22/10
Min Jian Yuan BRD
 Director/Board Member 56 23/19/23
Lin Ding PSD
 President 52 01/21/01
Wen Ren Jiang CHM
 Chairman 43 10/22/10

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 605,593,615 179,720,705 ( 29.68 %) 5,761,176 ( 0.9513 %) 29.68 %

Shareholders

NameEquities%Valuation
Ning Zhang
50.41 %
295,407,500 50.41 % 1 078 M ¥
Dong Sheng Liu
13.95 %
81,752,900 13.95 % 298 M ¥
Zhoushan Yutong Investment Partnership LP
5.155 %
30,206,723 5.155 % 110 M ¥
SHAANXI COAL INDUSTRY COMPANY LIMITED
2.419 %
14,176,944 2.419 % 52 M ¥
China Asset Management Co., Ltd.
2.380 %
13,945,372 2.380 % 51 M ¥
Citic Securities Co., Ltd. (Invt Port)
0.5311 %
3,111,941 0.5311 % 11 M ¥
China Southern Asset Management Co., Ltd.
0.2423 %
1,419,682 0.2423 % 5 M ¥
CCB Principal Asset Management Co., Ltd.
0.1080 %
632,876 0.1080 % 2 M ¥
Rongtong Fund Management Co., Ltd.
0.0819 %
480,000 0.0819 % 2 M ¥
Galaxy Asset Management Co., Ltd.
0.0433 %
253,713 0.0433 % 926 045 ¥

Company contact information

Red Avenue New Materials Group Co., Ltd.

Rm 2501, 25/F, Shanghai Center Bldg 501 Yincheng Middle Road

200120, Shanghai

+

http://www.rachem.com
address Red Avenue New Materials Group Co., Ltd.(603650)

Sector

Basic Materials
Chemicals
Chemicals
Specialty Chemicals
Other Specialty Chemicals

Sales per Business

Sales per region

Ratings for Red Avenue New Materials Group Co., Ltd.

Trading Rating
Investor Rating
ESG Refinitiv
C+
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
29.22
Average target price
-
Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

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