About
About Red Avenue New Materials Group Co., Ltd
Red Avenue New Materials Group Co., Ltd. manufactures materials for the tire, electronics, and biodegradable materials industries. The company operates through three segments: Rubber Additives for Tyres and Other Chemical Products, Electronic Materials, and Fully Biodegradable Materials. The company's Rubber Additives for Tyres and Other Chemical Products segment manufactures phenolic resins, rubber processing aids, silica and functional additives, chemical peptizers, anti-reversion agents, homogenizers, and coupling agents for carbon black. The segment also produces PTPB (para-tertiary-butylphenol), DMB (2,6-dimethylol-4-methylphenol), rubber wax, cobalt, and processing oils for rubber and tire applications. The company's Electronic Materials segment manufactures semiconductor photoresists, IC photoresists, display photoresists, EBR (electronic resin), and PMA (photoresist material additive), along with high-purity solvents and CMP (chemical mechanical polishing) polishing pads. This segment also produces electronic resins, including phenolic resins for display photoresists and G/I-line photoresists, PHS resins for KrF photoresists, organic insulating films, and light-emitting materials, and provides Turnkey Electronic Solutions for semiconductor and display panel manufacturing. The company's Fully Biodegradable Materials segment manufactures PBAT (polybutylene adipate terephthalate) products used in packaging materials and agricultural mulch films, bio-compostable materials for daily use, food contact, and agriculture, and high-transparency food packaging materials. It serves the automotive tire, semiconductor, and display panel industries internationally. Red Avenue New Materials Group Co., Ltd. was founded in 1999 and is headquartered in Shanghai, China.
Research context
Red Avenue New Materials Group Co., Ltd appears in PyInvesting’s Shanghai Stock catalogue. The price history above describes this recorded instrument; it does not by itself identify a company’s business or establish a continuous investment return.
- Currency
- CNY
- Sector
- Basic Materials
- Industry
- Specialty Chemicals
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5 years, 6 months ago
Red Avenue New Materials Group Co., Ltd is currently in a long term uptrend where the price is trading 30.9% above its 200 day moving average.
From a valuation standpoint, the stock is 146.6% more expensive than other stocks from the Basic Materials sector with a price to sales ratio of 9.9.
Red Avenue New Materials Group Co., Ltd's total revenue rose by 8.8% to $557M since the same quarter in the previous year.
Its net income has increased by 56.8% to $149M since the same quarter in the previous year.
Finally, its free cash flow fell by 60.8% to $45M since the same quarter in the previous year.
Based on the above factors, Red Avenue New Materials Group Co., Ltd gets an overall score of 3/5.