---
title: "Jiangsu Changhai Composite Materials Co.,Ltd. (300196.SZ)"
type: "Symbol"
locale: "en"
url: "https://longbridge.com/en/quote/300196.SZ.md"
symbol: "300196.SZ"
name: "Jiangsu Changhai Composite Materials Co.,Ltd."
industry: "Commodity Chemicals"
datetime: "2026-05-20T08:03:06.876Z"
locales:
  - [en](https://longbridge.com/en/quote/300196.SZ.md)
  - [zh-CN](https://longbridge.com/zh-CN/quote/300196.SZ.md)
  - [zh-HK](https://longbridge.com/zh-HK/quote/300196.SZ.md)
---

# Jiangsu Changhai Composite Materials Co.,Ltd. (300196.SZ)

## Company Overview

Jiangsu Changhai Composite Materials Co., Ltd engages in the research and development, production, and sale of glass fiber products and composite materials. It offers glass roving products, including felt yarn, SMC sheet, textile type direct, chopped fiber, winding type direct, jet, roof, plied drawn, and glass fiber chopped felt yarn, as well as plied yarn for pipe short cut, yarn for transparent plate, glass fiber for continuous pipes, and direct yarn for pultrusion and for weaving. The company also provides fiberglass products, such as glass chopped strand mats, glass fiber wet mats, fiberglass fabric, fiberglass coated mats, fiberglass partitions, fiberglass continuous mats, and fiberglass mesh; thermoplastic glass fiber and its products, including thermoplastic fiberglass, continuous fiber reinforced thermoplastic prepreg tapes, reinforced polypropylene composite boards, thermoplastic fiberglass, thermoplastic honeycomb composite panels, and thermoplastic foam insulation composite boards; and glass fiber for wind power and photovoltaic. In addition, it is involved in manufacturing unsaturated polyester resin; sale of methyl ethyl ketone peroxide, FRP products, chemical raw materials, and glass fiber raw materials; and testing, technical training, and consulting operations for FRP and its raw and auxiliary materials.

| Item | Detail |
|------|--------|
| Industry | Commodity Chemicals |
| Exchange | CN Market |
| Website | [www.changhaigfrp.com](https://www.changhaigfrp.com) |

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


## Longbridge Financial Score™: C
> *Longbridge Financial Score™ — Proprietary multi-factor rating model by Longbridge*
> Updated: 2026-05-20T04:30:09.000Z

**Overall: C (0.44)**

**Industry**: Commodity Chemicals

| Metric | Value |
|--------|-------|
| Industry Ranking | 154 / 274 |
| Industry Median | C |
| Industry Average | C |

- **Style**: Value - Stocks where the company's main business is in a mature 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**: C

#### Style Score Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue YoY | 9.35% |  |
| Net Profit YoY | 6.26% |  |
| P/B Ratio | 1.63 |  |
| Dividend Ratio | 3.34% |  |

#### Size Score Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Market Cap | 7861351116.25 |  |
| Revenue | 3115381119.65 |  |

#### Multi Score Score: C

| Indicator | Value | Rating |
|-----------|-------|--------|
| ROE | 6.78% | C |
| Profit Margin | 10.46% | B |
| Gross Margin | 25.78% | C |
| Revenue YoY | 9.35% | B |
| Net Profit YoY | 6.26% | C |
| Total Assets YoY | 3.56% | C |
| Net Assets YoY | 3.99% | C |
| Cash Flow Margin | 39.00% | C |
| OCF YoY | 9.35% | B |
| Turnover | 0.42 | C |
| Gearing Ratio | 35.73% | B |

```chart-data:radar
{
  "title": "Longbridge Financial Score - Jiangsu Changhai Composite Materials Co.,Ltd.",
  "chart_type": "radar",
  "dimensions": [
    {
      "name": "Style Score",
      "grade": "",
      "indicators": [
        {
          "name": "Revenue YoY",
          "value": "9.35%",
          "rating": ""
        },
        {
          "name": "Net Profit YoY",
          "value": "6.26%",
          "rating": ""
        },
        {
          "name": "P/B Ratio",
          "value": "1.63",
          "rating": ""
        },
        {
          "name": "Dividend Ratio",
          "value": "3.34%",
          "rating": ""
        }
      ]
    },
    {
      "name": "Size Score",
      "grade": "",
      "indicators": [
        {
          "name": "Market Cap",
          "value": "7861351116.25",
          "rating": ""
        },
        {
          "name": "Revenue",
          "value": "3115381119.65",
          "rating": ""
        }
      ]
    },
    {
      "name": "Multi Score",
      "grade": "C",
      "indicators": [
        {
          "name": "ROE",
          "value": "6.78%",
          "rating": "C"
        },
        {
          "name": "Profit Margin",
          "value": "10.46%",
          "rating": "B"
        },
        {
          "name": "Gross Margin",
          "value": "25.78%",
          "rating": "C"
        },
        {
          "name": "Revenue YoY",
          "value": "9.35%",
          "rating": "B"
        },
        {
          "name": "Net Profit YoY",
          "value": "6.26%",
          "rating": "C"
        },
        {
          "name": "Total Assets YoY",
          "value": "3.56%",
          "rating": "C"
        },
        {
          "name": "Net Assets YoY",
          "value": "3.99%",
          "rating": "C"
        },
        {
          "name": "Cash Flow Margin",
          "value": "39.00%",
          "rating": "C"
        },
        {
          "name": "OCF YoY",
          "value": "9.35%",
          "rating": "B"
        },
        {
          "name": "Turnover",
          "value": "0.42",
          "rating": "C"
        },
        {
          "name": "Gearing Ratio",
          "value": "35.73%",
          "rating": "B"
        }
      ]
    }
  ]
}
```

## Valuation Analysis

| Metric | Current | Industry Ranking | High | Median | Low |
|--------|---------|-----------------|------|--------|-----|
| PE (TTM) | 24.12 | 29/274 | 22.79 | 19.12 | 17.19 |
| PB | 1.63 | 45/274 | 1.58 | 1.32 | 1.22 |
| PS (TTM) | 2.52 | 128/274 | 2.38 | 2.10 | 1.82 |
| Dividend Yield | 3.34% | 11/274 | 2.02% | 1.65% | 1.37% |

## 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 | Canmax Technologies (300390.SZ) | B | A | C | B | C | B |

## Institutional View

### Analyst Rating Distribution

> As of 2026-04-26T16:00:00.000Z

Total Analysts: **2**

| Rating | Count | Percentage |
|--------|-------|-----------| 
| Buy | 2 | 100% |

### Target Price Forecast

| Metric | Price |
|--------|-------|
| Current Price | 19.33 |
| Highest Target | 20.34 |
| Lowest Target | 11.20 |

## References

- [Company Overview — Profile, executives, shareholders, business breakdown](https://longbridge.com/en/quote/300196.SZ/overview.md)
- [Financial Reports — Income, balance sheet, cash flow, dividends](https://longbridge.com/en/quote/300196.SZ/norm.md)
- [Related News](https://longbridge.com/en/quote/300196.SZ/news.md)
- [Filings — Company announcements and regulatory filings](https://longbridge.com/en/quote/300196.SZ/filings.md)

---

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