China Sunsine Chemical Holdings Ltd. · SGX:QES
China Sunsine Chemical — H1 2026 Earnings Presentation
37 slides from China Sunsine Chemical's earnings presentation, Aug 13, 2026
Slide 1: 1H2026 Results Briefing
1H2026 Results Briefing 13 August 2026 CHINA SUNSINE CHEMICAL HOLDINGS LTD. 中国尚舜化工控股有限公司 1
Slide 2: Disclaimer
Disclaimer 2 The information contained in this presentation is provided for informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to purchase, securities of CHINA SUNSINE CHEMICAL HOLDINGS LTD. (“CHINA SUNSINE”). This presentation includes certain forwar
Slide 3: Presentation Outline
Presentation Outline 3 Our Financial Key Industry Info 01 Company 02 Overview 03 Developments 04 and Outlook
Slide 4: Our Company
4 Our Company
Slide 5: About China Sunsine
About China Sunsine 5 China’s #1 Rubber Chemical producer World’s #1 Rubber Accelerators producer Top Insoluble Sulphur producer Key player in anti-oxidants production Premium products with comprehensive range Accredited by global leading tyre makers Committed to stringent environmental standards
Slide 6: Our Products: Rubber Chemicals
Our Products: Rubber Chemicals 6 Essential Additives in the production of rubber products Insoluble Sulphure (IS) Rubber Accelerators (RA) Improves tyre strength, structural integrity, and resistance to heat Reduce curing time, improve tyre and tyre wear strength, elasticity, and durability, and opt
Slide 7: Rubber/Rubber Chemicals Consumption
Rubber/Rubber Chemicals Consumption 7 Global Rubber Consumption by Applications Rubber Chemicals Consumption in Tyre Manufacturing Others 2% Anti-oxidants Industrial 2.2% 8% Footwear Vulcanizing 7% agents 2.0% Accelerators Non-tyre 1.7% automotive 13% Tyre 70% Rubber www.fortunebusinessinsights.com
Slide 8: Our Production Bases
Our Production Bases 8 5 production bases in Shanxian, Weifang, Shandong province, P.R.China China Sunsine – Leading rubber chemical producer in China Production capacity: • RA : 135,000 tonnes p.a. • IS : 60,000 tonnes p.a. • AO : 77,000 tonnes p.a. Supporting facilities: • Centralised heating plan
Slide 9: Our Strong Customer Base
Our Strong Customer Base 9 Over 1,000 customers worldwide Serves > 3/4 of the global top 75 tyre makers (e.g., Bridgestone, Goodyear, Michelin) >40% output exported
Slide 10: World Largest Accelerators Producer
World Largest Accelerators Producer 10 Group’s market share of our rubber accelerators products 40% 34% 36% 35% 35% 37% PRC * 35% 33% 33% 33% 33% (Est) 29% 30% 31% 30% 30% 28% 25% 24% 24% 25% 24% 25% 22% 22% 23% 23% Global* 20% 20% 20% 20% 19% 18% (Est) 17% 17% ● 14% 16% 15% ● 11% 12% 12% ● 10% 7% 5
Slide 11: Financial Overview
11 Financial Overview
Slide 12: Financial Highlights
Financial Highlights 12 RMB ’mln First Half Year Ended 30/06/26 30/06/25 Change Group Revenue 2,007.8 1,690.2 19% Gross Profit 506.0 415.8 22% Gross Profit Margin 25.2% 24.6% +0.6 pts Profit Before Tax 319.3 306.5 4% Profit After Tax 254.3 242.7 5% EPS 26.67/ 25.45/ 5% (RMB cents/SGD cents*) 5.07 4.
Slide 13: Revenue Growth
Revenue Growth 13 RMB ’mln 4,000.0 3,725.2 3,825.1 3,490.5 3,515.5 3,283.3 3,277.4 3,000.0 2,738.4 2,691.7 2,333.7 2,036.9 2,007.8 2,000.0 1,859.1 1,690.2 1,000.0 0.0 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 1H25 1H26 • 1H2026 revenue increased by 19% YoY mainly due to the increase in
Slide 14: Sales Analysis by Products
Sales Analysis by Products 14 Sales By Products in 1H26 Product 1H2026 FY2025 FY2024 IS 14% Accelerators 62% 62% 62% Accelerators Insoluble Sulphur 14% 9% 7% Anti- 62% oxidant 22% Anti-oxidants 22% 28% 30% Others 2% Others 2% 1% 1% Total 100% 100% 100%
Slide 15: Sales Analysis by Region
Sales Analysis by Region 15 Sales By Region in 1H26 Region 1H2026 FY2025 FY2024 China China 54% 57% 57% 54% Rest of Asia Rest of Asia 34% 33% 33% 34% Europe 6% 6% 6% US 1% 2% 2% Europe 6% US 1% Others 4% 2% 2% Others 4% Total 100% 100% 100% • International sales increased, mainly due to more orders
Slide 16: Sales Volume Growth
Sales Volume Growth 16 Tonnes 240,000 222,243 214,094 206,996 195,405 200,000 186,153 169,876 167,455 160,000 151,486 140,476 135,791 119,959 Record High 114,572 109,695 120,000 80,000 40,000 0 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 1H25 1H26
Slide 17: Sales Volume by Products
Sales Volume by Products 17 Tonnes 80,000 59,148 60,000 52,948 40,000 33,384 32,845 22,265 26,007 20,000 0 1H25 1H26 Accelerators Insoluble Sulphure Anti-oxidants Others 1H2025 1H2026 Half-year Half-year Capacity (Tonnes) Utilisation Rate Capacity (Tonnes) Utilisation Rate Accelerators 58,500 91% 63
Slide 18: Overall ASP vs Major Material Price
Overall ASP vs Major Material Price 18 RMB/Tonne 25,000 21.5K 20.2K 20,000 19.4K 18.8K 16.2K 16.0K 16.6K 16.2k 16.6K 15.0K 14.5K Overall 15,000 13.6K ASP 10.2K 10.0K 9.5K 9.5K 10,000 7.8K 8.3K 8.7K Aniline 7.1K 5.2K 5.5K 4.8K 5.0K 5,000 0 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 1H26 •
Slide 19: Net Profit
Net Profit 19 RMB ’mln 700 641.3 642.4 600 506.3 500 388.9 423.9 404.9 400 341.3 372.5 300 242.7 254.3 221.7 218.8 195.2 200 100 0 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 1H25 1H26 • 1H26 Net profit rose by 4%, supported by a 22% increase in gross profit, despite a RMB48.6 million boo
Slide 20: Margin Analysis
Margin Analysis 20 40.0% 34.3% 35.0% 28.8% 30.4% 29.0% 28.1% 30.0% 26.9% 26.5% 25.7% 24.2% 25.2% 25.0% 22.9% 23.5% Gross Profit Margin 19.5% (GPM) 20.0% 16.8% 14.4% 13.6% 15.0% 12.1% 12.4% 12.7% 10.9% 12.5% Net Profit Margin 10.5% 9.4% 10.7% (NPM) 10.0% 5.0% 0.0% FY15 FY16 FY17 FY18 FY19 FY20 FY21 F
Slide 21: Balance Sheet Highlight
Balance Sheet Highlight 21 30/06/2026 31/12/2025 31/12/2024 Current Assets (RMB’mln) * 3,838.9 3,684.7 3,574.0 Current Liabilities (RMB’mln) 463.5 444.6 470.3 Current Ratio 8.28 8.29 7.60 Shareholders’ Equity (RMB’mln) 4,550.1 4,437.6 4,208.7 D/E ratio 0 0 0 ROE 5.6% (half-year) 9% 10% NAV per share
Slide 22: Key Developments
22 Key Developments
Slide 23: Capacity Expansion Projects
Capacity Expansion Projects 23 Project Schedule CapEx Notes 60,000-tonne Insoluble Sulphur • Adopts continuous production method, the highest standard of production technology, which Commercial was developed in-house Phase 2 of 30,000-tonne capacity • Awarded “First Prize of Scientific production RM
Slide 24: Expansion Projects in Progress
Expansion Projects in Progress 24 Project Schedule CapEx Notes 60,000-tonne Continuous production of High-Quality MBT (“Hengshun MBT project”) Commercial Phase I of 20,000-tonne capacity production • MBT self-sufficiency helps lower RMB 200 mln unit production costs in 4Q2024 Completed Commercial •
Slide 25: Capacity Expansion History
Capacity Expansion History 25 Tonnes per annum 160,000 135,000 140,000 117,000 120,000 RA 100,000 IS 80,000 77,000 AO 60,000 39,000 60,000 40,000 20,000 5,000 ● 0 ● 2007 2008 2009 2010 2011 2012 2013 2014-17 2018 2019 2020-21 2022-25 2026 ● ● ● ● Note: Annual capacity refers to the capacity by the e
Slide 26: A Journey of Remarkable Growth and Success
A Journey of Remarkable Growth and Success 26 Capacity 2025 254,000 5.8x (tonnes) 2007 44,000 2025 Sales Volume 222,243 7.1X (tonnes) 2007 31,281 2025 3,277 Revenue 5.3X (RMB’ mln) 2007 620 2025 404.9 Net Profit 5.3X (RMB’ mln) 2007 76.0 2025 4,437.6 Equity 9.5X (RMB’ mln) 2007 469.0
Slide 27: Industry Info and Outlook
27 Industry Info and Outlook
Slide 28: PRC New Car Sales
PRC New Car Sales 28 million units 40 20.0% 34.4 35 31.4 30.1 15.0% 30 28 28.9 28.1 25.8 26.3 26.9 24.6 25.3 10.0% 25 Total Car Sales 20 5.0% 15 NEV Sales 15 0.0% Car Sales yoy growth 10 -5.0% 5 0 -10.0% 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1H2026 Source: China Association of Autom
Slide 29: PRC Vehicle Population
PRC Vehicle Population 29 PRC Motor Vehicle & Car Population (中国机动车保有量和汽车保有量) Million 500 469 476 453 435 417 395 400 372 366 371 348 353 327 336 310 319 290 302 300 279 281 260 240 217 194 200 172 100 0 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1H2026 Car Population Motor Vehicle Popul
Slide 30: Operating Environment & Industry Outlook
Operating Environment & Industry Outlook 30 • Greater challenges and uncertainties : Rising geopolitical tensions, escalating regional conflicts, and increasing trade protectionism have heightened risks and uncertainties, reducing demand visibility and increasing raw material price volatility • Inte
Slide 31: Group's Strategy
Group’s Strategy 31 Production & Sales Equilibrium Enhancing efficiency GOAL through operation Expanding capacity Increase market to meet growing demand improvement, waste share & reduction, and cash flow for our products. Strengthen market management. leadership position Achieving Long-term Sustain
Slide 32: Competitive Strengths
Competitive Strengths 32 - World largest RA and China’s top IS - Early adopter of Environmental protection producer initiative - Our RA products capture 37% of PRC - 1/3 of capex invested in environmental market and 25% of global market Environmental protection and safety - Listed in the first batch
Slide 33: Listed On SGX Mainboard
Listed On SGX Mainboard 33 SHARE PERFORMANCE • Since IPO, no new share placement and rights issue
Slide 34: Dividend Payment History
Dividend Payment History 34 Net Profit 1 to 2 share split Dividend (in RMB ’mln) in Nov 2019 (in SGD cents) 700 641.3 642.4 7 6.5 600 6 5.5 506.3 5.5 500 5 423.9404.9 4.5 388.9 372.4 400 341.3 4 3.2 3.5 300 3 3 3 254.3 3 220.2 221.7 218.8 2.5 2.5 195.2 200 2 2 76.1 106.7 88.3 115.3 99.4 76.7 1.5 1.5
Slide 35: Investment Merits
Investment Merits 35 Market Leadership Position Robust Capacity Financial Expansion Position, Low P/B Share Continuous Buyback Dividend Mandate Payment
Slide 36: Chairman's Message
Chairman’s Message 36 “Despite a challenging operating environment marked by geopolitical tensions, heightened trade protectionism, global economic uncertainties, and intense competition within China's rubber chemicals industry, the Group delivered another resilient set of results in the first half
Slide 37: Q&A
37 Q&A MEDIA/INVESTOR CONTACT Tong Yiping, CFO, tongyiping@ChinaSunsine.com Jennie Liu, IR Manager, jennieliu@ChinaSunsine.com 16 Raffles Quay #15-08 Hong Leong Building, Singapore 048581 Tel:(65) 6220 6686 www.ChinaSunsine.com
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