Who is the leader in China’s adhesive industry? – TOP10 Listed Adhesive Companies in China in 2023

As of April 29, 2024, domestic listed companies have successively released their annual performance reports for 2023. Adhesive Information has specifically compiled and summarized the operating performance data of listed companies in the adhesive industry for 2023. And based on revenue scale as the core indicator, the following “Top 10 Adhesive Listed Companies in China 2023” list was compiled (listed companies of adhesive films and tapes are not included in the statistics, etc.)

The above form shows:

In 2023, the largest listed adhesive company in terms of revenue scale was Huatian New Materials, achieving a revenue of 3.902 billion yuan, which was nearly 1 billion yuan higher than that of the second-place Lushan New Materials and nearly 3 billion yuan higher than that of the tenth-place Debang Technology.

2. In 2023, the listed adhesive company that made the most money was Guibao Technology: it achieved a net profit of 315 million yuan.

3. Affected by the global economic downturn, the growth rate of China’s adhesive industry slowed down significantly and its profitability was under pressure in 2023. Among the top 10 leading enterprises, the operating income of three companies – Guibao Technology, Jitai Co., Ltd. and Tianyang New Materials – declined. The remaining seven companies saw growth, but the increase was not significant. Even Xinya Process, which had the fastest growth rate, only saw a 23% increase. In terms of profit indicators, only four of the top 10 leading enterprises achieved positive growth in net profit. Four of them, namely Lushan New Materials, Xinya Process, Tianyang New Materials and Gaomeng New Materials, even suffered losses, with the highest loss reaching 345 million yuan.