TUOXIN

Launch date

Feb 2005

Employees

Market cap

Enterprise valuation

€351m (Public information from Sep 2024)

Xinxiang Henan (HQ)

http://tuoxinchem.com

https://www.linkedin.com/company/%E6%96%B0%E4%B9%A1%E6%8B%93%E6%96%B0%E8%8D%AF%E4%B8%9A%E8%82%A1%E4%BB%BD%E6%9C%89%E9%99%90%E5%85%AC%E5%8F%B8

Revenues, earnings & profits over time

CNY	2019	2020	2021	2022	2023
Revenues	386m	528m	502m	785m	836m
% growth	-	37 %	(5 %)	56 %	6 %
EBITDA	161m	196m	121m	374m	378m
% EBITDA margin	42 %	37 %	24 %	48 %	45 %
Profit	61.3m	113m	65.7m	287m	243m
% profit margin	16 %	21 %	13 %	37 %	29 %
EV / revenue	-	-	19.3x	10.9x	7.8x
EV / EBITDA	-	-	80.2x	22.9x	17.2x
R&D budget	15.5m	18.8m	21.0m	31.0m	51.2m
R&D % of revenue	4 %	4 %	4 %	4 %	6 %

Date	Investors	Amount	Round
Nov 2011	Macrolink Group Limited	CNY3.0m	Angel
Dec 2014	N/A	N/A	IPO
Sep 2015	CICC Wealth Management Southwest Securities	CNY50.0m	Post IPO Equity
Total Funding		€375k