---
title: "North Chemical Industries Co., Ltd. (002246.SZ)"
type: "Symbol"
locale: "en"
url: "https://longbridge.com/en/quote/002246.SZ.md"
symbol: "002246.SZ"
name: "North Chemical Industries Co., Ltd."
industry: "Specialty Chemicals"
datetime: "2026-05-20T00:22:30.101Z"
locales:
  - [en](https://longbridge.com/en/quote/002246.SZ.md)
  - [zh-CN](https://longbridge.com/zh-CN/quote/002246.SZ.md)
  - [zh-HK](https://longbridge.com/zh-HK/quote/002246.SZ.md)
---

# North Chemical Industries Co., Ltd. (002246.SZ)

## Company Overview

North Chemical Industries Co., Ltd. manufactures and sells nitrocellulose products in China. It also provides industrial pumps and valves, gas masks, filter absorbers, and other products. The company nitrocellulose products are used in propellant, lacquers, inks, celluloid products, adhesives, leather oil, nail polish, etc.; activated carbon and catalyst for use in industrial exhaust and waste water treatment, air purification, decolorization, deodorization, etc.; protective equipment used in labor and special protection, and industrial toxic and hazardous workplace protection; and environmental protection equipment for use in industrial exhaust gas purification and industrial wastewater treatment.

| Item | Detail |
|------|--------|
| Industry | Specialty Chemicals |
| Exchange | CN Market |
| Website | [bhgf.norincogroup.com.cn](https://bhgf.norincogroup.com.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: 2026-05-19T04:30:08.000Z

**Overall: B (0.29)**

**Industry**: Specialty Chemicals

| Metric | Value |
|--------|-------|
| Industry Ranking | 21 / 154 |
| Industry Median | C |
| Industry Average | C |

- **Style**: Growth - Stocks whose main business is in the growth stage.
- **Scale**: Small - The company's operation has a high degree of growth and volatility, making it easy to achieve high investment returns.

**Multi Score**: B

#### Style Score Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue YoY | 34.99% |  |
| Net Profit YoY | 2381.70% |  |
| P/B Ratio | 3.94 |  |
| Dividend Ratio | 0.20% |  |

#### Size Score Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Market Cap | 12325031234.30 |  |
| Revenue | 2823972979.84 |  |

#### Multi Score Score: B

| Indicator | Value | Rating |
|-----------|-------|--------|
| ROE | 10.23% | B |
| Profit Margin | 10.82% | B |
| Gross Margin | 36.06% | C |
| Revenue YoY | 34.99% | A |
| Net Profit YoY | 2381.70% | A |
| Total Assets YoY | 10.34% | B |
| Net Assets YoY | 8.88% | B |
| Cash Flow Margin | 103.15% | C |
| OCF YoY | 34.99% | A |
| Turnover | 0.59 | B |
| Gearing Ratio | 34.65% | B |

```chart-data:radar
{
  "title": "Longbridge Financial Score - North Chemical Industries Co., Ltd.",
  "chart_type": "radar",
  "dimensions": [
    {
      "name": "Style Score",
      "grade": "",
      "indicators": [
        {
          "name": "Revenue YoY",
          "value": "34.99%",
          "rating": ""
        },
        {
          "name": "Net Profit YoY",
          "value": "2381.70%",
          "rating": ""
        },
        {
          "name": "P/B Ratio",
          "value": "3.94",
          "rating": ""
        },
        {
          "name": "Dividend Ratio",
          "value": "0.20%",
          "rating": ""
        }
      ]
    },
    {
      "name": "Size Score",
      "grade": "",
      "indicators": [
        {
          "name": "Market Cap",
          "value": "12325031234.30",
          "rating": ""
        },
        {
          "name": "Revenue",
          "value": "2823972979.84",
          "rating": ""
        }
      ]
    },
    {
      "name": "Multi Score",
      "grade": "B",
      "indicators": [
        {
          "name": "ROE",
          "value": "10.23%",
          "rating": "B"
        },
        {
          "name": "Profit Margin",
          "value": "10.82%",
          "rating": "B"
        },
        {
          "name": "Gross Margin",
          "value": "36.06%",
          "rating": "C"
        },
        {
          "name": "Revenue YoY",
          "value": "34.99%",
          "rating": "A"
        },
        {
          "name": "Net Profit YoY",
          "value": "2381.70%",
          "rating": "A"
        },
        {
          "name": "Total Assets YoY",
          "value": "10.34%",
          "rating": "B"
        },
        {
          "name": "Net Assets YoY",
          "value": "8.88%",
          "rating": "B"
        },
        {
          "name": "Cash Flow Margin",
          "value": "103.15%",
          "rating": "C"
        },
        {
          "name": "OCF YoY",
          "value": "34.99%",
          "rating": "A"
        },
        {
          "name": "Turnover",
          "value": "0.59",
          "rating": "B"
        },
        {
          "name": "Gearing Ratio",
          "value": "34.65%",
          "rating": "B"
        }
      ]
    }
  ]
}
```

## Valuation Analysis

| Metric | Current | Industry Ranking | High | Median | Low |
|--------|---------|-----------------|------|--------|-----|
| PE (TTM) | 44.38 | 39/154 | 592.09 | 64.44 | 49.40 |
| PB | 4.34 | 105/154 | 4.27 | 3.60 | 3.05 |
| PS (TTM) | 4.80 | 88/154 | 5.13 | 4.46 | 3.83 |
| Dividend Yield | 0.18% | 96/154 | 0.24% | 0.21% | 0.18% |

## Peer Comparison

| Rank | Name | Profit | Growth | Operation | Security | Cash | Rating |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 01 | wanhua (600309.SH) | B | B | B | D | A | B |
| 02 | Ganfeng Lithium (002460.SZ) | B | A | D | C | B | B |
| 03 | NHU (002001.SZ) | A | C | C | B | C | B |
| 04 | FEILIHUA (300395.SZ) | B | A | D | A | B | B |
| 05 | DING LONG (300054.SZ) | A | B | C | C | B | B |

## References

- [Company Overview — Profile, executives, shareholders, business breakdown](https://longbridge.com/en/quote/002246.SZ/overview.md)
- [Financial Reports — Income, balance sheet, cash flow, dividends](https://longbridge.com/en/quote/002246.SZ/norm.md)
- [Related News](https://longbridge.com/en/quote/002246.SZ/news.md)
- [Filings — Company announcements and regulatory filings](https://longbridge.com/en/quote/002246.SZ/filings.md)

---

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