Shenma Due Diligence
Run due diligence on Shenma: check compliance and get alerts when suppliers change.
China · m.sm.cn · 16 vendors
Shenma is a mobile-first search engine in China, launched as a joint venture between Alibaba Group and UCWeb. It emphasizes fast search results tailored for mobile users, with a strong focus on e-commerce by integrating with Alibaba platforms like Taobao and Tmall.
Resilience scores
- Digital Sovereignty: 13
- Digital Resilience: 5
- Financial Resilience: 4
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Services catalogue
2 services in catalogue across 2 categories; runs on 16 sub-vendors.
- Search
- Site Verification
Insights
Last updated 2026-03-06 · revision 5
16 direct vendors, 122 subvendors
Direct vendors by controlling owner country (sample)
- United States: 12
- Belgium: 1
- Australia: 1
Subvendors by controlling owner country (sample)
- Canada: 1
- Sweden: 6
- United States: 95
Compliance
5 in-scope frameworks identified; showing 3.
China Personal Information Protection Law — No public evidence
GDPR (source) — No public evidence
ISO 27001 (source) — No public evidence
Financials
Three-year financials
- 2023: revenue ¥12,686.95 million, EBIT ¥-1,061.73 million, equity ¥10,250.60 million
- 2022: revenue ¥14,943.91 million, EBIT ¥1,071.12 million, equity ¥11,100.86 million
- 2021: revenue ¥15,818.06 million, EBIT ¥2,263.66 million, equity ¥10,483.56 million
Financial Resilience Score: 4/10
Shenma Industrial Co., Ltd. currently exhibits low financial resilience based on its recent performance. The most concerning factor is the sharp decline in operating income, moving from over ¥2.2 billion in profit in 2021 to a loss of over ¥1 billion in 2023. This indicates significant operational challenges and an inability to cover operating costs, which is unsustainable in the long term without corrective actions. A consistent year-over-year decline in revenue suggests weakening market demand, increased competition, or a loss of market share. While not drastic, the decline in total equity in 2023, coupled with operating losses, signals a weakening financial position. The chemical fiber industry, particularly nylon 66, is often cyclical and sensitive to raw material prices, global economic conditions, and supply-demand dynamics. The company appears to be in a significant downturn phase of this cycle, facing oversupply and intense price competition. While not directly provided in the table, such a sharp drop in operating income often correlates with strained operating cash flows, which can impact the company's ability to invest, manage debt, and withstand further shocks. In summary, the company is facing substantial financial headwinds, characterized by declining sales and a severe erosion of profitability, which significantly reduces its capacity to absorb future economic shocks or capitalize on opportunities.
Risk factors: Severe Profitability Deterioration, Declining Revenue Trend, Equity Erosion, Industry Headwinds, Cash Flow Concerns (Implied)
Revenue by geography
- Mainland China: 93%
- Export Sales: 7%
Revenue by product/service
- Nylon 66 Industrial Yarn and Cord Fabric: 47.5%
- Nylon 66 Slices/Chips (Engineering Plastics): 22.5%
- Other Chemical Products: 17.5%
- Nylon 66 Salt: 12.5%
Workforce by country
- China: 8820
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