TacticScaleWhat Haohua Chemical Science & Technology (昊华科技) Does & How It Makes Money (600378.SS)
Updated October 2026 · reflects Haohua Chemical Science & Technology's latest reported financials
Chinese maker of fluorochemicals, electronic gases and specialty rubber materials. It earns revenue by manufacturing and selling fluorochemicals, electronic gases and specialty chemical and rubber products to industrial customers in China and abroad, in sectors such as civil aviation, shipbuilding, chlor-alkali and coal chemicals.
How Haohua Chemical Science & Technology makes money
It earns revenue by manufacturing and selling fluorochemicals, electronic gases and specialty chemical and rubber products to industrial customers in China and abroad, in sectors such as civil aviation, shipbuilding, chlor-alkali and coal chemicals.
What Haohua Chemical Science & Technology does
Haohua Chemical Science & Technology is a Chengdu-based chemical company founded in 1999. It was known as Sichuan Tianyi Science & Technology until it took its current name in June 2019. Its core business is fluorine materials: fluorocarbon chemicals, fluoropolymers, fine fluorochemicals and fluorinated lithium battery materials. These include refrigerants, fire extinguishing agents, fluororubber, fluorinated intermediates and electrolytes. The company also makes electronic gases, including nitrogen trifluoride, sulfur hexafluoride, carbon tetrafluoride and fluorine, as well as carbon-based gases. Its high-end manufacturing materials include rubber and plastic products, rubber seals and sheets, civil aviation tires, weather balloons, polyurethane materials, coatings and catalysts. It also offers carbon emission reduction products. Customers are in China and abroad, in fields such as civil aviation, shipbuilding, chlor-alkali and coal chemicals.
Products & services
- Refrigerants and fire extinguishing agents
- Fluoropolymers and fluororubber
- Lithium battery electrolytes and fluorinated battery materials
- Nitrogen trifluoride and sulfur hexafluoride electronic gases
- Civil aviation tires and rubber sealing products
- Coatings and catalysts
昊华科技是做什么的？
昊华化工科技股份有限公司成立于1999年，总部位于成都，原名四川天一科技股份有限公司，2019年6月更为现名。公司核心业务是氟材料，包括氟碳化学品、含氟聚合物、精细氟化工产品和含氟锂电材料，具体有制冷剂、灭火剂、氟橡胶、含氟中间体和电解液等。 公司还生产三氟化氮、六氟化硫、四氟化碳、氟气等电子气体以及碳基气体。高端制造化工材料方面，产品有橡塑制品、橡胶密封件、胶板、民航轮胎、气象气球、聚氨酯新材料、涂料和催化剂。公司也提供碳减排产品。客户分布在国内外，涉及民航、船舶、氯碱化工、煤化工等领域。
What is Haohua Chemical Science & Technology worth?
On an owner-earnings DCF, Haohua Chemical Science & Technology's most-likely value is about ¥36 versus a recent price near ¥39 (7% above fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~¥13) with a margin of safety — so the honest verdict here is “Fairly priced — no edge.” Fair value earns its keep only at the extremes, not in the wide middle.
Price sits in the normal range — fair value isn't actionable here; it earns its keep only when price drops below the no-growth floor, or runs to roughly double the optimistic case.
Analysis, not advice. Fair value is a margin-of-safety estimate from a deterministic owner-earnings DCF, not a price target or recommendation. See the full breakdown →
Related companies
Zhejiang Juhua (600160.SS) · Zhejiang Yonghe Refrigerant (605020.SS) · Zhejiang Yongtai Technology (002326.SZ) · Zhejiang Sanmei Chemical Industry (603379.SS) · Do-Fluoride New Materials (002407.SZ)