Explosive Co., Ltd. (SHE:002096)

Explosive Revenue

Explosive had revenue of 2.06B CNY in the quarter ending September 30, 2026, a decrease of -22.08%. This brings the company's total for the last twelve months to 8.50B, down -11.42% year-over-year. In the year 2025, Explosive had annual revenue of 9.83B with 15.05% growth. That makes Explosive the 6,619th largest company in the world by revenue and 923rd in China.

• Revenue (ttm): 8.50B
• Revenue Growth: -11.42%
• P/S Ratio: 1.37
• Revenue / Employee: 1.21M
• Employees: 7,045
• Market Cap: 11.68B

Revenue Chart

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Revenue by Segment

By Segment

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• Blasting Services Business 7.46B 75.8%
• Industrial Explosive Materials 1.83B 18.6%
• Other Business 545.08M 5.5%

By Geography

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• Northwestern China 4.89B 49.7%
• Central China 1.82B 18.5%
• Southwest China 1.41B 14.4%
• Southern China 701.93M 7.1%
• Overseas 437.64M 4.5%
• Northern China 232.52M 2.4%
• East China 210.12M 2.1%
• Northeast China 133.65M 1.4%

Fiscal year ended Dec 31, 2025 See the full Explosive breakdown

Revenue History

Fiscal Year End	Revenue	Change	Growth
Dec 31, 2025	9.83B	1.29B	15.05%
Dec 31, 2024	8.55B	118.12M	1.40%
Dec 31, 2023	8.43B	6.12B	265.75%
Dec 31, 2022	2.30B	373.29M	19.33%
Jan 1, 2022	1.93B	-70.72M	-3.53%

Data Source: S&P Global Market Intelligence Last updated: Oct 29, 2026

Revenue data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 5, 2026

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