Company Deep Dive
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603683.SS
SELLREMOVEShanghai Smith Adhesive New Material Co.,Ltd · Basic Materials · China · $1.2B · Avg Vol: $71M/d
Shanghai Smith Adhesive produces industrial adhesive tapes. It is a low-margin commodity chemical business with no pricing power, failing our Terry Smith and Warren Buffett quality filters.
COMPANY DESCRIPTION
Shanghai Smith Adhesive New Material specializes in the R&D, production, and sale of industrial adhesive tapes, protective films, and double-sided tapes. The company serves high-growth sectors including consumer electronics, automotive manufacturing, and construction, leveraging its advanced coating technologies to compete with international giants. It is characterized by its agile product customization and strong import-substitution potential in high-end electronic adhesives.
FINANCIAL SUMMARY (USD)
| Year | 2022 | 2023 | 2024 | 2025 | CAGR |
|---|---|---|---|---|---|
| Revenue | 209M | 230M | 279M | 321M | 15.4% |
| EPS | 0.00 | 0.04 | 0.04 | 0.05 | 122.4% |
| Shares | 217M | 259M | 262M | 290M | +33.7% |
| Debt | 76M | 71M | 104M | 115M | 14.8% |
| Equity | 143M | 190M | 197M | 244M | 19.4% |
| Op CF | 28M | 22M | 41M | 30M | 1.4% |
| Inv CF | -19M | -23M | -49M | -19M | — |
| Fin CF | -14M | 17M | -10M | 3M | — |
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Basic Materials, ranked by industry match, size, and score similarity. Cross-listings of 603683.SS are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| 603683.SS | Shanghai Smith Adhesive New Material Co.,Ltd(you) | $1.2B | 31 | SELL |
| 301683.SZ | GUANGZHOU HUMAN NEW MATL SCI | $1.3B | 32 | SELL |
| 002386.SZ | Yibin Tianyuan Group Co., Ltd. | $1.1B | 30 | SELL |
| 002201.SZ | Jiangsu Jiuding New Material Co., Ltd. | $1.1B | 31 | SELL |
| 300063.SZ | Guangdong Tloong Technology Group Co.,Ltd | $1.2B | 35 | SELL |
| 300586.SZ | Malion New Materials Co., Ltd. | $1.2B | 28 | SELL |
| 603010.SS | Zhejiang Wansheng Co., Ltd. | $1.3B | 27 | SELL |
| 002562.SZ | Brother Enterprises Holding Co.,Ltd. | $851M | 31 | SELL |
| 000930.SZ | COFCO Biotechnology Co., Ltd. | $1.4B | 35 | SELL |
| 603977.SS | Jiangxi Guotai Group Co.,Ltd. | $1.4B | 36 | HOLD |
Peer medians: ROE 6.2% · P/E 33.1x · Gross margin 17.5%