---
title: "Red Avenue New Materials Group Co., Ltd. (603650.SH)"
type: "Symbol"
locale: "en"
url: "https://longbridge.com/en/quote/603650.SH.md"
symbol: "603650.SH"
name: "Red Avenue New Materials Group Co., Ltd."
industry: "Commodity Chemicals"
datetime: "2026-05-20T10:41:00.104Z"
locales:
  - [en](https://longbridge.com/en/quote/603650.SH.md)
  - [zh-CN](https://longbridge.com/zh-CN/quote/603650.SH.md)
  - [zh-HK](https://longbridge.com/zh-HK/quote/603650.SH.md)
---

# Red Avenue New Materials Group Co., Ltd. (603650.SH)

## Company Overview

Red Avenue New Materials Group Co., Ltd. engages in the research, development, production, processing, and sales of fine chemical raw materials, chemical products, rubber and plastic processing aids, accelerators, microelectronic materials, and biodegradable plastic in China and internationally. The company offers resins, such as tackifying resin, P-tert-butyl Phenol formaldehyde tackifying resin, P-octyl Phenol formaldehyde tackifying resin, straight Phenol formaldehyde tackifying resin, tall oil modification Phenol formaldehyde resin, CNSL modified phenol formaldehyde reinforcing resin, and resorcinol formaldehyde resin, as well as curing, wet grp, anti-tear, tread, and sidewall resin. It also provides rubber processing aids, silica and functional additives, environment friendly chemical peptizer, anti-reversion agent, homogenizer, and coupling agent for CB; and vulcanizing agent, tackifier and silca activator, silica and silane, high styrene resin and antioxidant, rubber wax, tread grip resin, rubber additives, rubber environment-friendly oil, cobalt, and rayon.

| Item | Detail |
|------|--------|
| Industry | Commodity Chemicals |
| Exchange | CN Market |
| Website | [www.rachem.com](https://www.rachem.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 (0.45)**

**Industry**: Commodity Chemicals

| Metric | Value |
|--------|-------|
| Industry Ranking | 106 / 274 |
| Industry Median | C |
| Industry Average | C |

- **Style**: Blend - Stocks in which the company has both growth and mature businesses.
- **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 | 8.30% |  |
| Net Profit YoY | 9.80% |  |
| P/B Ratio | 8.62 |  |
| Dividend Ratio | 0.80% |  |

#### Size Score Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Market Cap | 37314630258.63 |  |
| Revenue | 3627971206.62 |  |

#### Multi Score Score: C

| Indicator | Value | Rating |
|-----------|-------|--------|
| ROE | 15.08% | A |
| Profit Margin | 16.15% | A |
| Gross Margin | 22.21% | D |
| Revenue YoY | 8.30% | B |
| Net Profit YoY | 9.80% | C |
| Total Assets YoY | 10.52% | B |
| Net Assets YoY | 25.03% | A |
| Cash Flow Margin | 58.65% | C |
| OCF YoY | 8.30% | B |
| Turnover | 0.40 | C |
| Gearing Ratio | 54.20% | C |

```chart-data:radar
{
  "title": "Longbridge Financial Score - Red Avenue New Materials Group Co., Ltd.",
  "chart_type": "radar",
  "dimensions": [
    {
      "name": "Style Score",
      "grade": "",
      "indicators": [
        {
          "name": "Revenue YoY",
          "value": "8.30%",
          "rating": ""
        },
        {
          "name": "Net Profit YoY",
          "value": "9.80%",
          "rating": ""
        },
        {
          "name": "P/B Ratio",
          "value": "8.62",
          "rating": ""
        },
        {
          "name": "Dividend Ratio",
          "value": "0.80%",
          "rating": ""
        }
      ]
    },
    {
      "name": "Size Score",
      "grade": "",
      "indicators": [
        {
          "name": "Market Cap",
          "value": "37314630258.63",
          "rating": ""
        },
        {
          "name": "Revenue",
          "value": "3627971206.62",
          "rating": ""
        }
      ]
    },
    {
      "name": "Multi Score",
      "grade": "C",
      "indicators": [
        {
          "name": "ROE",
          "value": "15.08%",
          "rating": "A"
        },
        {
          "name": "Profit Margin",
          "value": "16.15%",
          "rating": "A"
        },
        {
          "name": "Gross Margin",
          "value": "22.21%",
          "rating": "D"
        },
        {
          "name": "Revenue YoY",
          "value": "8.30%",
          "rating": "B"
        },
        {
          "name": "Net Profit YoY",
          "value": "9.80%",
          "rating": "C"
        },
        {
          "name": "Total Assets YoY",
          "value": "10.52%",
          "rating": "B"
        },
        {
          "name": "Net Assets YoY",
          "value": "25.03%",
          "rating": "A"
        },
        {
          "name": "Cash Flow Margin",
          "value": "58.65%",
          "rating": "C"
        },
        {
          "name": "OCF YoY",
          "value": "8.30%",
          "rating": "B"
        },
        {
          "name": "Turnover",
          "value": "0.40",
          "rating": "C"
        },
        {
          "name": "Gearing Ratio",
          "value": "54.20%",
          "rating": "C"
        }
      ]
    }
  ]
}
```

## Valuation Analysis

| Metric | Current | Industry Ranking | High | Median | Low |
|--------|---------|-----------------|------|--------|-----|
| PE (TTM) | 63.70 | 129/274 | 58.97 | 47.14 | 37.14 |
| PB | 8.62 | 252/274 | 9.35 | 7.71 | 6.34 |
| PS (TTM) | 10.29 | 253/274 | 9.73 | 7.90 | 5.98 |
| Dividend Yield | 0.80% | 96/274 | 2.26% | 1.20% | 0.88% |

## 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 2026-05-05T16:00:00.000Z

Total Analysts: **1**

| Rating | Count | Percentage |
|--------|-------|-----------| 
| Buy | 1 | 100% |

### Target Price Forecast

| Metric | Price |
|--------|-------|
| Current Price | 62.88 |
| Highest Target | 53.00 |
| Lowest Target | 53.00 |

## References

- [Company Overview — Profile, executives, shareholders, business breakdown](https://longbridge.com/en/quote/603650.SH/overview.md)
- [Financial Reports — Income, balance sheet, cash flow, dividends](https://longbridge.com/en/quote/603650.SH/norm.md)
- [Related News](https://longbridge.com/en/quote/603650.SH/news.md)
- [Filings — Company announcements and regulatory filings](https://longbridge.com/en/quote/603650.SH/filings.md)

---

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