ChinaSunsine QES
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+0.84% +0.01 Updated 23 Oct 2026, 17:16 SGT
Financials
China Sunsine Chemical Holdings Ltd. Annual Report 2025
Explore the statements
17 tablesConsolidated Statement of Comprehensive Income
22 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Consolidated Statement of Comprehensive Income | |||
| RevenueRMB thousand | 3,277,392 | 3,515,528 | PDF p. 61 |
| Cost of salesRMB thousand | (2,507,096) | (2,665,496) | PDF p. 61 |
| Gross profitRMB thousand | 770,296 | 850,032 | PDF p. 61 |
| Other income — InterestRMB thousand | 67,438 | 55,631 | PDF p. 61 |
| Other income — OthersRMB thousand | 38,665 | 54,783 | PDF p. 61 |
| Fair value loss on financial assets, measured at FVPLRMB thousand | (8,798) | – | PDF p. 61 |
| Currency exchange (losses)/gains, netRMB thousand | (20,875) | 28,103 | PDF p. 61 |
| Gain on disposal of property, plant and equipment and intangible assetsRMB thousand | – | 4,993 | PDF p. 61 |
| Reversal of loss allowance on trade receivables, netRMB thousand | 1,250 | 2,088 | PDF p. 61 |
| Write-off of property, plant and equipmentRMB thousand | (2,916) | (2,910) | PDF p. 61 |
| Distribution and marketing expensesRMB thousand | (118,984) | (110,921) | PDF p. 61 |
| Administrative expensesRMB thousand | (217,289) | (210,545) | PDF p. 61 |
| Research and development expensesRMB thousand | (5,217) | (86,194) | PDF p. 61 |
| Profit before income taxRMB thousand | 503,570 | 585,060 | PDF p. 61 |
| Income tax expenseRMB thousand | (98,638) | (161,198) | PDF p. 61 |
| Net profitRMB thousand | 404,932 | 423,862 | PDF p. 61 |
| Currency translation differences arising from consolidationRMB thousand | 8,762 | (2,780) | PDF p. 61 |
| Other comprehensive income/(loss), net of taxRMB thousand | 8,762 | (2,780) | PDF p. 61 |
| Total comprehensive incomeRMB thousand | 413,694 | 421,082 | PDF p. 61 |
| Net profit attributable to equity holders of the CompanyRMB thousand | 404,932 | 423,863 | PDF p. 61 |
| Total comprehensive income attributable to equity holders of the CompanyRMB thousand | 413,694 | 421,082 | PDF p. 61 |
| Basic and diluted earnings per shareRMB cents per share | 42.47 | 44.34 | PDF p. 61 |
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Original report: PDF p. 61 ↗
Statements of Financial Position
22 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | 2025Company | 2024Company | Source |
|---|---|---|---|---|---|
| Statements of Financial Position | |||||
| Cash and cash equivalentsRMB thousand | 2,328,940 | 2,073,860 | 24,756 | 28,930 | PDF p. 62 |
| Trade and other receivablesRMB thousand | 995,550 | 1,136,531 | 181,191 | 222,252 | PDF p. 62 |
| InventoriesRMB thousand | 360,241 | 363,637 | – | – | PDF p. 62 |
| Asset held-for-saleRMB thousand | – | – | – | – | PDF p. 62 |
| Current assets — unlabelled subtotalRMB thousand | 3,684,731 | 3,574,028 | 205,947 | 251,182 | PDF p. 62 |
| Investments in subsidiary corporationsRMB thousand | – | – | 350,010 | 350,010 | PDF p. 62 |
| Property, plant and equipmentRMB thousand | 940,836 | 835,039 | 49 | 198 | PDF p. 62 |
| Intangible assetsRMB thousand | 194,677 | 199,176 | – | – | PDF p. 62 |
| Other receivables, at FVPLRMB thousand | 61,984 | 70,782 | – | – | PDF p. 62 |
| Non-current assets — unlabelled subtotalRMB thousand | 1,197,497 | 1,104,997 | 350,059 | 350,208 | PDF p. 62 |
| Total assetsRMB thousand | 4,882,228 | 4,679,025 | 556,006 | 601,390 | PDF p. 62 |
| Trade and other payablesRMB thousand | 334,293 | 311,073 | 14,136 | 14,572 | PDF p. 62 |
| Deferred grantsRMB thousand | 6,752 | 5,450 | – | – | PDF p. 62 |
| Current income tax liabilitiesRMB thousand | 103,620 | 153,823 | 4,768 | 4,616 | PDF p. 62 |
| Current liabilities — unlabelled subtotalRMB thousand | 444,665 | 470,346 | 18,904 | 19,188 | PDF p. 62 |
| Total liabilitiesRMB thousand | 444,665 | 470,346 | 18,904 | 19,188 | PDF p. 62 |
| Net assetsRMB thousand | 4,437,563 | 4,208,679 | 537,102 | 582,202 | PDF p. 62 |
| Share capitalRMB thousand | 313,471 | 313,471 | 313,471 | 313,471 | PDF p. 62 |
| Treasury sharesRMB thousand | (67,079) | (67,079) | (67,079) | (67,079) | PDF p. 62 |
| Other reservesRMB thousand | 908,458 | 885,152 | 59,415 | 50,655 | PDF p. 62 |
| Retained profitsRMB thousand | 3,282,713 | 3,077,135 | 231,295 | 285,155 | PDF p. 62 |
| Total equityRMB thousand | 4,437,563 | 4,208,679 | 537,102 | 582,202 | PDF p. 62 |
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Original report: PDF p. 62 ↗
Consolidated Statement of Cash Flows
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| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Consolidated Statement of Cash Flows | |||
| Net profitRMB thousand | 404,932 | 423,862 | PDF p. 64 |
| Income tax expenseRMB thousand | 98,638 | 161,198 | PDF p. 64 |
| Amortisation and depreciationRMB thousand | 145,966 | 132,951 | PDF p. 64 |
| Gain on disposal of property, plant and equipment and intangible assetsRMB thousand | – | (4,993) | PDF p. 64 |
| Reversal of loss allowance on trade receivables, netRMB thousand | (1,250) | (2,088) | PDF p. 64 |
| Write-off of property, plant and equipmentRMB thousand | 2,916 | 2,910 | PDF p. 64 |
| Fair value loss on financial assets, at FVPLRMB thousand | 8,798 | – | PDF p. 64 |
| Interest incomeRMB thousand | (67,438) | (55,631) | PDF p. 64 |
| Unrealised currency exchange losses/(gains)RMB thousand | 15,124 | (9,810) | PDF p. 64 |
| Adjusted profit — unlabelled subtotalRMB thousand | 607,686 | 648,399 | PDF p. 64 |
| InventoriesRMB thousand | 3,396 | (22,348) | PDF p. 64 |
| Trade and other receivablesRMB thousand | 140,981 | 97,212 | PDF p. 64 |
| Trade and other payablesRMB thousand | 23,220 | (48,076) | PDF p. 64 |
| Deferred grantsRMB thousand | 1,302 | 170 | PDF p. 64 |
| Cash generated from operationsRMB thousand | 776,585 | 675,357 | PDF p. 64 |
| Income tax paidRMB thousand | (148,959) | (102,156) | PDF p. 64 |
| Net cash provided by operating activitiesRMB thousand | 627,626 | 573,201 | PDF p. 64 |
| Additions to property, plant and equipmentRMB thousand | (251,229) | (110,042) | PDF p. 64 |
| Additions to intangible assetsRMB thousand | (60) | (3,746) | PDF p. 64 |
| Disposal of property, plant and equipmentRMB thousand | 1,109 | 2,879 | PDF p. 64 |
| Interest receivedRMB thousand | 67,438 | 55,631 | PDF p. 64 |
| Net cash used in investing activitiesRMB thousand | (182,742) | (55,278) | PDF p. 64 |
| Decrease in bank deposits pledgedRMB thousand | – | 1,600 | PDF p. 64 |
| Purchase of treasury sharesRMB thousand | – | (12,553) | PDF p. 64 |
| Dividends paid to equity holders of the CompanyRMB thousand | (184,810) | (126,406) | PDF p. 64 |
| Net cash used in financing activitiesRMB thousand | (184,810) | (137,359) | PDF p. 64 |
| Net increase in cash and cash equivalentsRMB thousand | 260,074 | 380,564 | PDF p. 64 |
| Cash and cash equivalents — beginning of the financial yearRMB thousand | 2,073,860 | 1,686,316 | PDF p. 64 |
| Effects of currency translation on cash and cash equivalentsRMB thousand | (4,994) | 6,980 | PDF p. 64 |
| Cash and cash equivalents — end of the financial yearRMB thousand | 2,328,940 | 2,073,860 | PDF p. 64 |
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Original report: PDF p. 64 ↗
Consolidated Statement of Changes in Equity — FY2025
5 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025GroupShare capital | 2025GroupTreasury shares | 2025GroupMerger reserve | 2025GroupCapital reserve | 2025GroupStatutory common reserve | 2025GroupVoluntary common reserve | 2025GroupCurrency translation reserve | 2025GroupRetained profits | 2025GroupTotal equity | Source |
|---|---|---|---|---|---|---|---|---|---|---|
| Group equity movements FY2025 | ||||||||||
| Beginning of the financial yearRMB thousand | 313,471 | (67,079) | 305 | 54,627 | 417,254 | 417,253 | (4,287) | 3,077,135 | 4,208,679 | PDF p. 63 |
| Total comprehensive income for the financial yearRMB thousand | – | – | – | – | – | – | 8,762 | 404,932 | 413,694 | PDF p. 63 |
| Transfer to statutory and voluntary reservesRMB thousand | – | – | – | – | 7,272 | 7,272 | – | (14,544) | – | PDF p. 63 |
| Dividends paidRMB thousand | – | – | – | – | – | – | – | (184,810) | (184,810) | PDF p. 63 |
| End of the financial yearRMB thousand | 313,471 | (67,079) | 305 | 54,627 | 424,526 | 424,525 | 4,475 | 3,282,713 | 4,437,563 | PDF p. 63 |
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Original report: PDF p. 63 ↗
Consolidated Statement of Changes in Equity — FY2024
6 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2024GroupShare capital | 2024GroupTreasury shares | 2024GroupMerger reserve | 2024GroupCapital reserve | 2024GroupStatutory common reserve | 2024GroupVoluntary common reserve | 2024GroupCurrency translation reserve | 2024GroupRetained profits | 2024GroupTotal equity | Source |
|---|---|---|---|---|---|---|---|---|---|---|
| Group equity movements FY2024 | ||||||||||
| Beginning of the financial yearRMB thousand | 313,471 | (54,526) | 305 | 54,627 | 379,260 | 379,259 | (1,507) | 2,855,667 | 3,926,556 | PDF p. 63 |
| Total comprehensive (loss)/income for the financial yearRMB thousand | – | – | – | – | – | – | (2,780) | 423,862 | 421,082 | PDF p. 63 |
| Transfer to statutory and voluntary reservesRMB thousand | – | – | – | – | 37,994 | 37,994 | – | (75,988) | – | PDF p. 63 |
| Purchase of treasury sharesRMB thousand | – | (12,553) | – | – | – | – | – | – | (12,553) | PDF p. 63 |
| Dividends paidRMB thousand | – | – | – | – | – | – | – | (126,406) | (126,406) | PDF p. 63 |
| End of the financial yearRMB thousand | 313,471 | (67,079) | 305 | 54,627 | 417,254 | 417,253 | (4,287) | 3,077,135 | 4,208,679 | PDF p. 63 |
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Original report: PDF p. 63 ↗
Five-Year Financial Highlights — Financial Position
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| Metric / unit | 2025Group | 2024Group | 2023Group | 2022Group | 2021Group | Source |
|---|---|---|---|---|---|---|
| Five-Year Financial Highlights — Financial Position | ||||||
| Total AssetsRMB million | 4,882.2 | 4,679.0 | 4,385.8 | 4,224.5 | 3,923.4 | PDF p. 5 |
| Total LiabilitiesRMB million | 444.7 | 470.3 | 459.3 | 532.7 | 747.2 | PDF p. 5 |
| Shareholders’ EquityRMB million | 4,437.6 | 4,208.7 | 3,926.5 | 3,691.8 | 3,176.2 | PDF p. 5 |
| Cash and Cash EquivalentsRMB million | 2,328.9 | 2,073.9 | 1,687.9 | 1,364.9 | 1,377.3 | PDF p. 5 |
| Bank BorrowingsRMB million | - | - | - | - | - | PDF p. 5 |
| Treasury SharesRMB million | 67.1 | 67.1 | 54.5 | 40.8 | 30.2 | PDF p. 5 |
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Original report: PDF p. 5 ↗
Five-Year Financial Highlights — Shares
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| Metric / unit | 2025Group | 2024Group | 2023Group | 2022Group | 2021Group | Source |
|---|---|---|---|---|---|---|
| Five-Year Financial Highlights — Shares | ||||||
| No of Ordinary Sharesmillion shares | 953.4 | 953.4 | 959.3 | 965.7 | 970.4 | PDF p. 5 |
| No of Treasury Sharesmillion shares | 30.0 | 30.0 | 24.1 | 17.7 | 13.0 | PDF p. 5 |
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Original report: PDF p. 5 ↗
Five-Year Financial Highlights — Income
4 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | 2023Group | 2022Group | 2021Group | Source |
|---|---|---|---|---|---|---|
| Five-Year Financial Highlights — Income | ||||||
| RevenueRMB million | 3,277.4 | 3,515.5 | 3,490.5 | 3,825.1 | 3,725.2 | PDF p. 5 |
| Gross ProfitRMB million | 770.3 | 850.0 | 798.9 | 1,163.9 | 1,046.5 | PDF p. 5 |
| Net ProfitRMB million | 404.9 | 423.9 | 372.5 | 642.4 | 506.3 | PDF p. 5 |
| Earnings before interest, tax, depreciation & amortisation (EBITDA)RMB million | 582.1 | 662.4 | 567.9 | 880.9 | 805.1 | PDF p. 5 |
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Original report: PDF p. 5 ↗
Five-Year Financial Highlights — Sales Volume
5 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | 2023Group | 2022Group | 2021Group | Source |
|---|---|---|---|---|---|---|
| Five-Year Financial Highlights — Sales Volume | ||||||
| Total Volumetonnes | 222,243 | 214,094 | 206,996 | 186,153 | 195,405 | PDF p. 5 |
| Acceleratortonnes | 108,773 | 107,426 | 99,809 | 89,434 | 101,970 | PDF p. 5 |
| Insoluble sulphurtonnes | 46,371 | 40,583 | 40,655 | 37,599 | 37,274 | PDF p. 5 |
| Antioxidantstonnes | 64,689 | 64,285 | 65,127 | 58,058 | 54,566 | PDF p. 5 |
| Otherstonnes | 2,410 | 1,800 | 1,405 | 1,062 | 1,595 | PDF p. 5 |
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Original report: PDF p. 5 ↗
Five-Year Financial Highlights — Financial Analysis
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| Metric / unit | 2025Group | 2024Group | 2023Group | 2022Group | 2021Group | Source |
|---|---|---|---|---|---|---|
| Five-Year Financial Highlights — Financial Analysis | ||||||
| Gross Profit Margin (%)% | 23.5 | 24.2 | 22.9 | 30.4 | 28.1 | PDF p. 5 |
| Net Profit Margin (%)% | 12.4 | 12.1 | 10.7 | 16.8 | 13.4 | PDF p. 5 |
| EBITDA Margin (%)% | 17.8 | 18.8 | 16.3 | 23.0 | 21.6 | PDF p. 5 |
| Current Ratioratio | 8.3 | 7.6 | 7.2 | 5.9 | 3.8 | PDF p. 5 |
| Average YTD Trade Receivables Turnover (Days)days | 75 | 74 | 75 | 70 | 56 | PDF p. 5 |
| Average YTD Trade Payables Turnover (Days)days | 5 | 6 | 7 | 10 | 9 | PDF p. 5 |
| Average YTD Inventory Turnover (Days)days | 53 | 48 | 50 | 52 | 38 | PDF p. 5 |
| Return on Equity (%)% | 9.1 | 10.1 | 9.5 | 17.4 | 15.9 | PDF p. 5 |
| Return on Asset (%)% | 8.3 | 9.1 | 8.5 | 15.2 | 12.9 | PDF p. 5 |
| Gearing Ratioratio | - | - | - | - | - | PDF p. 5 |
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Original report: PDF p. 5 ↗
Five-Year Financial Highlights — Per Share Data
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| Metric / unit | 2025Group | 2024Group | 2023Group | 2022Group | 2021Group | Source |
|---|---|---|---|---|---|---|
| Five-Year Financial Highlights — Per Share Data | ||||||
| NAV per Share (RMB cents)RMB cents per share | 465.45 | 441.45 | 409.34 | 382.3 | 327.3 | PDF p. 5 |
| EPS (RMB cents)RMB cents per share | 42.47 | 44.34 | 38.67 | 66.29 | 52.17 | PDF p. 5 |
| Dividend Per Share (SGD cents)SGD cents per share | 3.2 | 3.0 | 2.5 | 3.0 | 2.0 | PDF p. 5 |
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Original report: PDF p. 5 ↗
Earnings per share — Note 9
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| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Earnings per share — Note 9 | |||
| Net profit attributable to equity holders — EPS numeratorRMB thousand | 404,932 | 423,862 | PDF p. 82 |
| Weighted average ordinary shares — basic and dilutedthousand shares | 953,383 | 955,945 | PDF p. 82 |
| Basic and diluted earnings per shareRMB cents per share | 42.47 | 44.34 | PDF p. 82 |
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Original report: PDF p. 82 ↗
Cash and cash equivalents — Note 10
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| Metric / unit | 2025Group | 2024Group | 2025Company | 2024Company | Source |
|---|---|---|---|---|---|
| Cash and cash equivalents — Note 10 | |||||
| Cash at bank and on handRMB thousand | 1,474,022 | 920,909 | 24,756 | 28,930 | PDF p. 82 |
| Short-term bank depositsRMB thousand | 854,918 | 1,152,951 | – | – | PDF p. 82 |
| Cash and cash equivalentsRMB thousand | 2,328,940 | 2,073,860 | 24,756 | 28,930 | PDF p. 82 |
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Original report: PDF p. 82 ↗
Dividends paid during the financial year — Note 24
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| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Dividends paid during the financial year — Note 24 | |||
| Ordinary final dividends — previous financial yearRMB thousand | 105,610 | 75,844 | PDF p. 99 |
| Special final dividends — previous financial yearRMB thousand | 52,805 | 50,562 | PDF p. 99 |
| Interim dividends — current financial yearRMB thousand | 26,395 | – | PDF p. 99 |
| Total dividends paidRMB thousand | 184,810 | 126,406 | PDF p. 99 |
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Original report: PDF p. 99 ↗
Capital commitments — Note 25
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| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Capital commitments — Note 25 | |||
| Contracted property, plant and equipment expenditure not recognisedRMB thousand | 1,200 | 12,986 | PDF p. 99 |
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Original report: PDF p. 99 ↗
FY2025 proposed final dividends — Note 24
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| Metric / unit | 2025Group — proposed in annual report; excluded from FY2025 financial statements | Source |
|---|---|---|
| FY2025 proposed final dividends — as disclosed in annual report | ||
| Proposed ordinary final dividend per shareSGD per share | 0.02 | PDF p. 99 |
| Proposed special final dividend per shareSGD per share | 0.007 | PDF p. 99 |
| Proposed ordinary and special final dividends — totalSGD | 25,741,000 | PDF p. 99 |
| Proposed total — approximately RMB equivalentRMB (approximate) | 140,510,000 | PDF p. 99 |
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Original report: PDF p. 99 ↗
Cash and short-term deposits held in PRC — Note 14
1 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group — PRC balances subject to local exchange controls | 2024Group — PRC balances subject to local exchange controls | Source |
|---|---|---|---|
| Significant restrictions | |||
| Cash and short-term deposits held in PRCRMB | 2,304,184,000 | 2,044,930,000 | PDF p. 86 |
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Original report: PDF p. 86 ↗
Where the money comes from
Segment information
By business
Segment information by business segment 13 lines
| Item / unit | 2025Rubber chemicals | 2025Heating Power | 2025Waste treatment | 2025Others | 2025Total | 2024Rubber chemicals | 2024Heating Power | 2024Waste treatment | 2024Others | 2024Total | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | |||||||||||
| Total segment salesRMB'000 | 4,114,226 | 185,563 | 30,222 | 657 | 4,330,668 | 4,381,923 | 196,135 | 23,390 | 641 | 4,602,089 | PDF p. 110PDF p. 111 |
| Inter-segment salesRMB'000 | (881,693) | (169,398) | (1,528) | (657) | (1,053,276) | (907,988) | (177,751) | (181) | (641) | (1,086,561) | PDF p. 110PDF p. 111 |
| Sales to external partiesRMB'000 | 3,232,533 | 16,165 | 28,694 | – | 3,277,392 | 3,473,935 | 18,384 | 23,209 | – | 3,515,528 | PDF p. 110PDF p. 111 |
| Expenses | |||||||||||
| Purchases of inventories (Note 5)RMB'000 | 1,787,628 | 102,749 | 13,203 | – | 1,903,580 | 1,954,728 | 131,003 | 11,081 | (12) | 2,096,800 | PDF p. 110PDF p. 111 |
| Utilities (Note 5)RMB'000 | 285,116 | – | 818 | – | 285,934 | 300,766 | – | 809 | 18 | 301,593 | PDF p. 110PDF p. 111 |
| Employee compensation (Note 6)RMB'000 | 258,166 | 7,503 | 4,980 | 11,424 | 282,073 | 259,575 | 16,894 | 5,449 | 14,402 | 296,320 | PDF p. 110PDF p. 111 |
| Results | |||||||||||
| Adjusted EBITDARMB'000 | 540,607 | 66,820 | 10,616 | (35,945) | 582,098 | 637,523 | 44,218 | (5,835) | (13,526) | 662,380 | PDF p. 110PDF p. 111 |
| Depreciation (Note 5)RMB'000 | (122,612) | (13,561) | (5,087) | (147) | (141,407) | (103,516) | (19,263) | (5,082) | (853) | (128,714) | PDF p. 110PDF p. 111 |
| Amortisation (Note 5)RMB'000 | (3,805) | (142) | (612) | – | (4,559) | (3,134) | (142) | (612) | (349) | (4,237) | PDF p. 110PDF p. 111 |
| Assets | |||||||||||
| Segment assetsRMB'000 | 4,615,294 | 162,975 | 73,616 | 30,342 | 4,882,228 | 4,353,037 | 164,874 | 93,068 | 68,046 | 4,679,025 | PDF p. 110PDF p. 111 |
| Segment assets include | |||||||||||
| Additions to property, plant and equipmentRMB'000 | 248,155 | 2,914 | 160 | – | 251,229 | 105,179 | 4,580 | 283 | – | 110,042 | PDF p. 110PDF p. 111 |
| Additions to intangible assetsRMB'000 | 60 | – | – | – | 60 | 3,746 | – | – | – | 3,746 | PDF p. 110PDF p. 111 |
| Liabilities | |||||||||||
| Segment liabilitiesRMB'000 | 349,411 | 15,915 | 36,946 | 42,393 | 444,665 | 374,725 | 35,065 | 41,367 | 19,189 | 470,346 | PDF p. 110PDF p. 111 |
Notes
Sales between segments are carried out at market terms. The revenue from external parties reported to the BOD is measured in a manner consistent with that in the statement of comprehensive income.
Continuation of Note 28 for 2024 comparatives.
Reconciliation of adjusted EBITDA to profit before income tax 5 lines
| Item / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Segment profits | |||
| Adjusted EBITDA for reportable segmentsRMB'000 | 582,098 | 662,380 | PDF p. 111 |
| DepreciationRMB'000 | (141,407) | (128,713) | PDF p. 111 |
| AmortisationRMB'000 | (4,559) | (4,238) | PDF p. 111 |
| Interest incomeRMB'000 | 67,438 | 55,631 | PDF p. 111 |
| Profit before income taxRMB'000 | 503,570 | 585,060 | PDF p. 111 |
Notes
A reconciliation of adjusted EBITDA to profit before income tax.
By geography
Note 28(b) Geographical Segment – Revenue and Non-current assets 6 lines
| Item / unit | 2025Revenue | 2024Revenue | 2025Non-current assets | 2024Non-current assets | Source |
|---|---|---|---|---|---|
| Geographical area | |||||
| People’s Republic of ChinaRMB'000 | 1,853,807 | 2,011,679 | 1,197,448 | 1,104,799 | PDF p. 112 |
| Rest of AsiaRMB'000 | 1,085,893 | 1,152,957 | 49 | 198 | PDF p. 112 |
| AmericaRMB'000 | 65,327 | 84,242 | – | – | PDF p. 112 |
| EuropeRMB'000 | 197,466 | 199,705 | – | – | PDF p. 112 |
| Other countriesRMB'000 | 74,899 | 66,945 | – | – | PDF p. 112 |
| TotalRMB'000 | 3,277,392 | 3,515,528 | 1,197,497 | 1,104,997 | PDF p. 112 |
Notes
The Group’s business operates only in the People’s Republic of China. For geographical segment information, the revenue is allocated based on where the customers are located.
There are no customers individually contributing more than 10% to the revenue of the Group for the financial years ended 31 December 2025 and 2024.
Total row has no printed label.
Credit risk – trade receivables by geographical areas 3 lines
| Item / unit | 2025Group trade receivables | 2024Group trade receivables | Source |
|---|---|---|---|
| By geographical areas | |||
| People’s Republic of ChinaRMB'000 | 423,681 | 477,257 | PDF p. 104 |
| Overseas marketRMB'000 | 211,246 | 235,839 | PDF p. 104 |
| TotalRMB'000 | 634,927 | 713,096 | PDF p. 104 |
Notes
Credit risk for trade receivables based on information provided to key management (Note 26(b)). Total row has no printed label.
Debt
Borrowings
Borrowing notes 1 tables
Financial Highlights - Bank Borrowings and Gearing Ratio (five-year)
| Item / unit | 2025as at 31 December | 2024as at 31 December | 2023as at 31 December | 2022as at 31 December | 2021as at 31 December | Source |
|---|---|---|---|---|---|---|
| As At 31 December (RMB’ million) | ||||||
| Bank BorrowingsRMB’ million | - | - | - | - | - | PDF p. 5 |
| Financial Analysis | ||||||
| Gearing Ratioratio | - | - | - | - | - | PDF p. 5 |
Notes
Dash is printed as shown; the report shows no bank borrowings in any of the five years.
Payout
Dividends & distributions
Dividend policy
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Dividend Policy | Pursuant to the Dividend Policy, the Company will pay annual dividends, including interim dividends, of not less than 40% of the Group’s consolidated net profit after tax, excluding non-recurring, one-off and exceptional items, in respect of FY2025 and FY2026. The Dividend Policy is subject to the Company’s retained earnings, the Group’s financial position, capital expenditure requirements, future expansion and investment plans, and other relevant factors as determined by the Board. | Group; FY2025 and FY2026 | PDF p. 50 |
Dividends declared and proposed
| Item | Value | Period / scope | Source |
|---|---|---|---|
| one-tier tax exempt final dividend | S$0.027 per ordinary share | FY2025 final dividend proposed (ordinary S$0.02 plus special S$0.007) | PDF p. 50 |
| final one-tier tax exempt dividend | 2.0 Singapore cents per ordinary share | FY2025 final ordinary dividend proposed | PDF p. 116 |
| final one-tier tax exempt special dividend | 0.7 Singapore cent per ordinary share | FY2025 final special dividend proposed | PDF p. 116 |
| interim special dividend | SGD 0.005 per share | FY2025 interim special dividend, paid September 2025 | PDF p. 50 |
| total dividends proposed for FY2025 | S$0.032 per ordinary share | FY2025 total (interim special 0.005 + final 0.027) | PDF p. 50 |
| Dividend Per Share (SGD cents) | 3.2 SGD cents | FY2025 (comparative FY2024: 3.0) | PDF p. 5 |
| Dividend Per Share (SGD cents) | 3.0 SGD cents | FY2024 comparative | PDF p. 5 |
| Final dividends paid in respect of the previous financial year of SGD 0.02 (2024: SGD 0.015) per share | SGD 0.02 | Group; final ordinary dividend for FY2024 paid in 2025 (prior-year comparative: SGD 0.015 for FY2023 paid in 2024) | PDF p. 99 |
| Final dividends paid in respect of the previous financial year of SGD 0.01 (2024: SGD 0.01) per share | SGD 0.01 | Group; special final dividend for FY2024 paid in 2025 (comparative SGD 0.01 paid in 2024) | PDF p. 99 |
| Interim dividends paid in respect of the current financial year of SGD 0.005 (2024: Nil) per share | SGD 0.005 | Group; FY2025 interim (FY2024: Nil) | PDF p. 99 |
Payout
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Payout ratio | approximately 41% of the Group’s net profit (excluding non-recurring and exceptional items) | FY2025 interim plus proposed final dividends | PDF p. 107 |
Extracted from China Sunsine Chemical Holdings Ltd. Annual Report 2025 and checked against the cited pages; see the original report for full context.
Auditor’s report
Audit & risk signals
Audit opinion
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Audit firm | CLA Global TS Public Accounting Corporation | Group | PDF p. 60 |
| Engagement director | Meriana Ang Mei Ling | Group | PDF p. 60 |
| Our opinion | properly drawn up in accordance with the provisions of the Companies Act 1967 of Singapore (the “Act”) and Singapore Financial Reporting Standards (International) (“SFRS(I)s”) so as to give a true and fair view | Group | PDF p. 57 |
Key audit matters
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Revenue recognition | We focused on this area as a key audit matter due to the presumed fraud risk relating to revenue recognition. | Group | PDF p. 58 |
Extracted from China Sunsine Chemical Holdings Ltd. Annual Report 2025 and checked against the cited pages; see the original report for full context.
How to read these figures
Group and parent company or bank figures are labelled separately. Parentheses indicate negative amounts; a dash and NA retain the report’s notation.
Comparative figures follow China Sunsine Chemical Holdings Ltd. Annual Report 2025, including retrospective adjustments. Adjusted and reported earnings may have different definitions; refer to each statement’s notes.
Primary amounts are in RMB thousands; five-year financial highlights are in RMB millions. EPS and NAV are in RMB cents; five-year DPS is in SGD cents. Sales volumes are tonnes; share counts have their own row units. Parentheses indicate negative figures; original dashes are retained.
Five-year figures reproduce FY2021–2025 comparisons in the FY2025 annual report. The audited primary statements provide Group income/OCI, equity and cash flow and Group/Company financial position; separate Company primary income, equity and cash-flow statements are not disclosed.
The source income statement prints FY2024 net profit of RMB423,862 thousand but owner-attributable profit of RMB423,863 thousand. EPS Note9 and equity use 423,862; the RMB1 thousand discrepancy is preserved.
FY2021 five-year net profit margin is printed as 13.4%, while the disclosed rounded profit and revenue give 13.6%. No alternate definition is inferred. Rounded FY2025 total liabilities plus equity differ from assets by RMB0.1 million, within the displayed input precision.
FY2025 DPS of 3.2 SGD cents consists of 0.5 cent interim plus a proposed 2.0 cents ordinary final and 0.7 cent special final dividend. Note24 excludes proposed final dividends from FY2025 financial statements, recommending them at the 29 April 2026 AGM for appropriation in FY2026. This describes the report’s proposal and does not assert subsequent payment or approval.
Dividends actually paid during FY2025 are RMB184,810 thousand: prior-year ordinary/special finals of 2.0/1.0 SGD cents plus current-year interim 0.5 cent. FY2024 paid amount is RMB126,406 thousand. These payment-year totals are distinct from financial-year DPS.
The proposed SGD25,741,000 total and approximate RMB140,510,000 equivalent are as printed; no current exchange rate conversion is inferred.
PRC cash and deposits are subject to local exchange controls restricting capital exports other than normal dividends. Disclosed PRC balances reconcile to Group cash less Company cash.
The five-year FY2023 cash balance of RMB1,687.9 million is not asserted to equal the FY2024 cash-flow opening cash of RMB1,686.316 million. Earlier original-year cash/pledge backfill remains incomplete.
These tables show the available extracted figures. The original annual report contains the full statements, notes and definitions.