---
title: "Explosives CO.,LTD (002096.SZ)"
type: "Symbol"
locale: "en"
url: "https://longbridge.com/en/quote/002096.SZ.md"
symbol: "002096.SZ"
name: "Explosives CO.,LTD"
industry: "Commodity Chemicals"
datetime: "2026-03-03T12:12:11.717Z"
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)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/quote/002096.SZ.md) | [繁體中文](https://longbridge.com/zh-HK/quote/002096.SZ.md)


# Explosives CO.,LTD (002096.SZ)

## Company Overview

Explosive Co., Ltd., together with its subsidiaries, engages in the research, development, production, and sale of civil explosives and military products, engineering blasting services, and other businesses in China. It offers blasting design and construction, mining infrastructure stripping, blasting mining, mineral packaging and transportation for infrastructure, mining, and other engineering projects, as well as civil explosive products. The company also provides industrial explosives, industrial detonators, industrial detonating cords, and industrial detonating cords; military airbags, military pyrotechnics, fire pyrotechnic accessories, non-pressurized dry powder fire extinguishing devices, pressurized dry powder fire extinguishing devices; fire protection products, such as aerosol fire extinguishing devices and security products. Its products are used in mining, infrastructure, construction, and other engineering blasting services.

| 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: 2026-03-03T04:30:10.000Z

**Overall: B (0.30)**

**Industry**: Commodity Chemicals

| Metric | Value |
|--------|-------|
| Industry Ranking | 22 / 271 |
| 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 | 13.65% |  |
| Net Profit YoY | 21.72% |  |
| P/B Ratio | 2.31 |  |
| Dividend Ratio | 1.58% |  |

#### Size Score Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Market Cap | 18163742053.15 |  |
| Revenue | 9633381516.49 |  |

#### Multi Score Score: B

| Indicator | Value | Rating |
|-----------|-------|--------|
| ROE | 11.02% | B |
| Profit Margin | 8.68% | B |
| Gross Margin | 27.21% | C |
| Revenue YoY | 13.65% | B |
| Net Profit YoY | 21.72% | B |
| Total Assets YoY | 17.99% | A |
| Net Assets YoY | 10.03% | B |
| Cash Flow Margin | 1152.15% | B |
| OCF YoY | 13.65% | B |
| Turnover | 0.80 | B |
| Gearing Ratio | 35.55% | B |

```chart-data:radar
{
  "title": "Longbridge Financial Score - Explosives CO.,LTD",
  "chart_type": "radar",
  "dimensions": [
    {
      "name": "Style Score",
      "grade": "",
      "indicators": [
        {
          "name": "Revenue YoY",
          "value": "13.65%",
          "rating": ""
        },
        {
          "name": "Net Profit YoY",
          "value": "21.72%",
          "rating": ""
        },
        {
          "name": "P/B Ratio",
          "value": "2.31",
          "rating": ""
        },
        {
          "name": "Dividend Ratio",
          "value": "1.58%",
          "rating": ""
        }
      ]
    },
    {
      "name": "Size Score",
      "grade": "",
      "indicators": [
        {
          "name": "Market Cap",
          "value": "18163742053.15",
          "rating": ""
        },
        {
          "name": "Revenue",
          "value": "9633381516.49",
          "rating": ""
        }
      ]
    },
    {
      "name": "Multi Score",
      "grade": "B",
      "indicators": [
        {
          "name": "ROE",
          "value": "11.02%",
          "rating": "B"
        },
        {
          "name": "Profit Margin",
          "value": "8.68%",
          "rating": "B"
        },
        {
          "name": "Gross Margin",
          "value": "27.21%",
          "rating": "C"
        },
        {
          "name": "Revenue YoY",
          "value": "13.65%",
          "rating": "B"
        },
        {
          "name": "Net Profit YoY",
          "value": "21.72%",
          "rating": "B"
        },
        {
          "name": "Total Assets YoY",
          "value": "17.99%",
          "rating": "A"
        },
        {
          "name": "Net Assets YoY",
          "value": "10.03%",
          "rating": "B"
        },
        {
          "name": "Cash Flow Margin",
          "value": "1152.15%",
          "rating": "B"
        },
        {
          "name": "OCF YoY",
          "value": "13.65%",
          "rating": "B"
        },
        {
          "name": "Turnover",
          "value": "0.80",
          "rating": "B"
        },
        {
          "name": "Gearing Ratio",
          "value": "35.55%",
          "rating": "B"
        }
      ]
    }
  ]
}
```

## Valuation Analysis

| Metric | Current | Industry Ranking | High | Median | Low |
|--------|---------|-----------------|------|--------|-----|
| PE (TTM) | 21.72 | 17/271 | 22.02 | 21.02 | 19.95 |
| PB | 2.31 | 91/271 | 2.25 | 2.12 | 2.01 |
| PS (TTM) | 1.89 | 82/271 | 1.84 | 1.78 | 1.72 |
| Dividend Yield | 1.58% | 42/271 | 1.73% | 1.68% | 1.65% |

## Peer Comparison

| Rank | Name | Profit | Growth | Operation | Security | Cash | Rating |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 01 | ZJJH (600160.SH) | B | A | B | B | B | B |
| 02 | SINOMATECH (002080.SZ) | C | B | C | D | B | B |
| 03 | TINCI (002709.SZ) | C | B | B | C | A | B |
| 04 | STL (002648.SZ) | B | B | B | C | B | B |
| 05 | Grace (603256.SH) | B | A | C | C | B | B |

## Institutional View

### Analyst Rating Distribution

> As of 2026-02-24T16:00:00.000Z

Total Analysts: **3**

| Rating | Count | Percentage |
|--------|-------|-----------| 
| Buy | 2 | 67% |
| Overweight | 1 | 33% |

### Target Price Forecast

| Metric | Price |
|--------|-------|
| Current Price | 14.14 |
| 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.**