---
title: "Explosives Corporation Limited (002096.SZ)"
type: "Symbol"
locale: "en"
url: "https://longbridge.com/en/quote/002096.SZ.md"
symbol: "002096.SZ"
name: "Explosives Corporation Limited"
industry: "Commodity Chemicals"
datetime: "2026-05-21T20:57:56.870Z"
locales:
  - [en](https://longbridge.com/en/quote/002096.SZ.md)
  - [zh-CN](https://longbridge.com/zh-CN/quote/002096.SZ.md)
  - [zh-HK](https://longbridge.com/zh-HK/quote/002096.SZ.md)
---

# Explosives Corporation Limited (002096.SZ)

## Company Overview

Explosive Co., Ltd., together with its subsidiaries, engages in the research, development, production, and sale of civil blasting materials in China. It provides energy integration solutions; general contractor; infrastructure investor; ecosystem restoration solutions; and building materials, industrial products, and equipment, as well as acts as an urban development operator. The company was formerly known as Hunan Nanling Industrial Explosive Materials Co., Ltd. and changed its name to Explosive Co., Ltd.

| Item | Detail |
|------|--------|
| Industry | Commodity Chemicals |
| Exchange | CN Market |
| Website | [www.expl.ceec.net.cn](https://www.expl.ceec.net.cn) |

## Key Drivers
> *AI-analyzed key factors driving this stock's performance*


## Longbridge Financial Score™: B
> *Longbridge Financial Score™ — Proprietary multi-factor rating model by Longbridge*
> Updated: 2026-05-21T04:30:13.000Z

**Overall: B (0.35)**

**Industry**: Commodity Chemicals

| Metric | Value |
|--------|-------|
| Industry Ranking | 28 / 274 |
| Industry Median | C |
| Industry Average | C |

- **Style**: Value - Stocks where the company's main business is in a mature stage.
- **Scale**: Mid - The company has stable operation of a large-cap stock and the high return of a small-cap stock.

**Multi Score**: B

#### Style Score Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue YoY | 10.09% |  |
| Net Profit YoY | -1.14% |  |
| P/B Ratio | 1.66 |  |
| Dividend Ratio | 2.12% |  |

#### Size Score Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Market Cap | 13457670319.30 |  |
| Revenue | 9647361398.42 |  |

#### Multi Score Score: B

| Indicator | Value | Rating |
|-----------|-------|--------|
| ROE | 9.33% | B |
| Profit Margin | 7.60% | B |
| Gross Margin | 18.38% | D |
| Revenue YoY | 10.09% | B |
| Net Profit YoY | -1.14% | C |
| Total Assets YoY | 6.79% | B |
| Net Assets YoY | 8.25% | B |
| Cash Flow Margin | 101.63% | C |
| OCF YoY | 10.09% | B |
| Turnover | 0.80 | B |
| Gearing Ratio | 30.97% | B |

```chart-data:radar
{
  "title": "Longbridge Financial Score - Explosives Corporation Limited",
  "chart_type": "radar",
  "dimensions": [
    {
      "name": "Style Score",
      "grade": "",
      "indicators": [
        {
          "name": "Revenue YoY",
          "value": "10.09%",
          "rating": ""
        },
        {
          "name": "Net Profit YoY",
          "value": "-1.14%",
          "rating": ""
        },
        {
          "name": "P/B Ratio",
          "value": "1.66",
          "rating": ""
        },
        {
          "name": "Dividend Ratio",
          "value": "2.12%",
          "rating": ""
        }
      ]
    },
    {
      "name": "Size Score",
      "grade": "",
      "indicators": [
        {
          "name": "Market Cap",
          "value": "13457670319.30",
          "rating": ""
        },
        {
          "name": "Revenue",
          "value": "9647361398.42",
          "rating": ""
        }
      ]
    },
    {
      "name": "Multi Score",
      "grade": "B",
      "indicators": [
        {
          "name": "ROE",
          "value": "9.33%",
          "rating": "B"
        },
        {
          "name": "Profit Margin",
          "value": "7.60%",
          "rating": "B"
        },
        {
          "name": "Gross Margin",
          "value": "18.38%",
          "rating": "D"
        },
        {
          "name": "Revenue YoY",
          "value": "10.09%",
          "rating": "B"
        },
        {
          "name": "Net Profit YoY",
          "value": "-1.14%",
          "rating": "C"
        },
        {
          "name": "Total Assets YoY",
          "value": "6.79%",
          "rating": "B"
        },
        {
          "name": "Net Assets YoY",
          "value": "8.25%",
          "rating": "B"
        },
        {
          "name": "Cash Flow Margin",
          "value": "101.63%",
          "rating": "C"
        },
        {
          "name": "OCF YoY",
          "value": "10.09%",
          "rating": "B"
        },
        {
          "name": "Turnover",
          "value": "0.80",
          "rating": "B"
        },
        {
          "name": "Gearing Ratio",
          "value": "30.97%",
          "rating": "B"
        }
      ]
    }
  ]
}
```

## Valuation Analysis

| Metric | Current | Industry Ranking | High | Median | Low |
|--------|---------|-----------------|------|--------|-----|
| PE (TTM) | 17.47 | 14/274 | 22.00 | 20.73 | 19.25 |
| PB | 1.58 | 49/274 | 2.25 | 2.14 | 1.97 |
| PS (TTM) | 1.33 | 60/274 | 1.84 | 1.78 | 1.65 |
| Dividend Yield | 2.22% | 28/274 | 1.80% | 1.69% | 1.64% |

## Peer Comparison

| Rank | Name | Profit | Growth | Operation | Security | Cash | Rating |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 01 | Grace (603256.SH) | A | A | C | B | B | B |
| 02 | TINCI (002709.SZ) | B | A | B | B | B | B |
| 03 | SINOMATECH (002080.SZ) | B | B | C | D | B | B |
| 04 | ZJJH (600160.SH) | B | B | B | B | B | B |
| 05 | ENERGY TECHNOLOGY (002812.SZ) | C | A | D | C | A | B |

## Institutional View

### Analyst Rating Distribution

> As of 2026-04-17T16:00:00.000Z

Total Analysts: **2**

| Rating | Count | Percentage |
|--------|-------|-----------| 
| Buy | 1 | 50% |
| Overweight | 1 | 50% |

### Target Price Forecast

| Metric | Price |
|--------|-------|
| Current Price | 10.35 |
| Highest Target | 18.00 |
| Lowest Target | 18.00 |

## References

- [Company Overview — Profile, executives, shareholders, business breakdown](https://longbridge.com/en/quote/002096.SZ/overview.md)
- [Financial Reports — Income, balance sheet, cash flow, dividends](https://longbridge.com/en/quote/002096.SZ/norm.md)
- [Related News](https://longbridge.com/en/quote/002096.SZ/news.md)
- [Filings — Company announcements and regulatory filings](https://longbridge.com/en/quote/002096.SZ/filings.md)

---

> **Disclaimer: This article is for reference only and does not constitute any investment advice.**