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Chinese miner and smelter of silver, lead, zinc and gold ore.
Chinese miner and smelter of silver, lead, zinc and gold ore.
Moat: narrow (scale). Owns polymetallic mine resources giving a cost-based position versus non-integrated smelters.
Headquarters: China · Employees: 1,543
Size Shengda Resources (000603.SZ) is a China Materials company (Other Metals/Minerals) with a market value of $2.75B, the 933rd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥26.53 on 6 Nov 2026.
Performance Over six months the shares fell 27.3%, against -27.6% for the median peer and -16.4% for the China market (cap-weighted) — 10th highest of 20 in its peer set.
Growth Revenue grew 24.6% over the last twelve months (peer median +40.4%); the operating margin is 46.7% (peer median 10.2%).
Valuation It trades at 15.8× forward earnings against a peer median of 15.3× (8th most expensive of 16).
Price implies For today's price to make sense, revenue must grow about 13% a year for seven years (Req g). Recent delivered growth is +8%, so the hurdle is +4 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 4.3 points above its cost of capital (11.7% WACC).
Next results Next results expected around 29 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥2.83B | CN¥2.45B | CN¥2.00B | CN¥2.25B | CN¥1.87B |
| Revenue growth | — | +22% | -11% | +20% | — |
| Gross profit | CN¥2.02B | CN¥1.31B | CN¥856M | CN¥618M | CN¥930M |
| EBITDA | n/a | CN¥1.14B | CN¥740M | CN¥491M | CN¥837M |
| Net income | CN¥894M | CN¥532M | CN¥390M | CN¥148M | CN¥365M |
| Free cash flow | CN¥887M | CN¥188M | CN¥343M | CN¥44.3M | CN¥290M |
| Capital expenditure | CN¥558M | CN¥700M | CN¥551M | CN¥294M | CN¥224M |
| Total debt | CN¥2.77B | CN¥2.11B | CN¥1.85B | CN¥1.54B | CN¥1.06B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Shengda Resources 000603.SZ | $2.75B | -27% | +25% | 47% | 15.8× | 12.8% |
| Inner Mongolia Xingye Silver and Tin Mining 000426.SZ | $6.23B | -42% | +38% | 49% | 13.1× | 7.8% |
| Western Mining 601168.SS | $9.85B | -7% | +18% | 17% | 8.2× | -5.6% |
| Yunnan Chihong Zinc & Germanium 600497.SS | $5.76B | -15% | +29% | 10% | 13.8× | 4.4% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 000603.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -10.3% | -18.8% | 3rd highest of 21 |
| 6-month return | -27.3% | -27.6% | 10th highest of 20 |
| Distance from 52-week high | -64.0% | -51.2% | 4th lowest of 21 |
| Revenue growth (TTM) | +24.6% | +40.4% | 7th lowest of 21 |
| Operating margin | 46.7% | 10.2% | 2nd highest of 21 |
| Forward P/E | 15.8× | 15.3× | 8th most expensive of 16 |
| Growth the price implies (Req g, 7 yrs) | 12.8% | 21.1% | 4th least demanding of 9 |
| Growth delivered (Del g) | +8.5% | +9.7% | 3rd lowest of 9 |
| Hurdle (Req g minus delivered) | +4.3 pp | +17.4 pp | 4th least demanding of 9 |
| ROIC minus cost of capital | +4.3 pp | -2.0 pp | 5th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Shengda Resources 000603.SZ | China | $2.75B | -27% | +25% | 47% | 15.8× | 12.8% | +8.5% |
| Western Metal Materials 002149.SZ | China | $2.76B | -41% | +3% | 0% | 139.8× | 54.3% | +9.7% |
| Dowa 5714.T | Japan | $2.78B | -22% | +29% | 6% | 6.9× | n/a | n/a |
| Chengxin Lithium 002240.SZ | China | $2.79B | -66% | +226% | 20% | 11.3× | n/a | n/a |
| Sanxiang Advanced Materials 603663.SS | China | $2.65B | -10% | +5% | 18% | 44.4× | 48.1% | +9.7% |
| Zhuzhou Smelter 600961.SS | China | $2.85B | -33% | +23% | 12% | 6.7× | -1.6% | +8.5% |
| IGO IGO.AX | Australia | $2.60B | -45% | -12% | -31% | 8.9× | 17.2% | -6.5% |
| Changyu 603407.SS | China | $2.59B | n/a | +9% | 16% | n/a | 51.8% | +2.2% |
| Trekor Metals TKO.TO | Canada | $2.57B | -1% | +68% | 28% | 9.8× | n/a | n/a |
| North Copper 000737.SZ | China | $2.97B | -28% | +54% | 9% | n/a | -3.9% | +26.8% |
| Jinhui Mining 603132.SS | China | $2.53B | -11% | +38% | 51% | n/a | n/a | n/a |
| Ero Copper ERO.TO | Canada | $3.03B | +10% | +106% | 40% | 5.9× | 0.4% | +20.4% |
| Ningxia Orient Tantalum Industry 000962.SZ | China | $3.08B | -11% | +43% | 12% | 54.0× | n/a | n/a |
| China Rare Earth Nonferrous Metals 600259.SS | China | $3.13B | -33% | -43% | 4% | 34.1× | n/a | n/a |
| Chongyi Zhangyuan Tungsten 002378.SZ | China | $3.18B | -48% | +105% | 12% | n/a | n/a | n/a |
| Hunan Silver 002716.SZ | China | $3.19B | -35% | +50% | 4% | n/a | n/a | n/a |
| Ningbo Jintian Copper (Group) 601609.SS | China | $2.36B | -11% | +25% | 1% | 15.3× | n/a | n/a |
| Almonty Industries ALM | United States | $2.34B | -59% | +208% | 5% | 12.3× | n/a | n/a |
| Paladin Energy PDN.AX | Australia | $2.32B | -33% | +64% | 4% | 50.9× | n/a | n/a |
| Zhejiang Wazam New Material 603186.SS | China | $3.33B | +79% | +60% | 14% | 58.0× | 24.9% | +13.9% |
| Ningbo Boway Alloy Material 601137.SS | China | $2.26B | -6% | +31% | 0% | 19.8× | n/a | n/a |