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One of China's largest copper producers, mining, smelting and refining copper plus by-product gold and silver.
One of China's largest copper producers, mining, smelting and refining copper plus by-product gold and silver.
Earns mainly from smelting purchased copper concentrate for a processing fee and from selling gold, silver and sulfuric acid recovered along the way, so profit follows the annual treatment-charge terms set with miners as much as the copper price. It owns the Mirador mine in Ecuador through a joint venture and is controlled by the Anhui provincial government.
In one line: China's Freeport-McMoRan (copper-focused).
Moat: none (scale). Large smelting capacity but copper is a globally priced commodity; thin processing margins.
Headquarters: Tongling, China · Founded: 1949 · Employees: 13,336
Size Tongling Nonferrous Metals (000630.SZ) is a China Materials company (Other Metals/Minerals) with a market value of $9.83B, the 253rd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥4.89 on 6 Nov 2026.
Performance Over six months the shares fell 20.5%, against -26.5% for the median peer and -16.4% for the China market (cap-weighted) — 10th highest of 21 in its peer set.
Growth Revenue grew 46.1% over the last twelve months (peer median +25.0%); the operating margin is 6.1% (peer median 15.5%).
Valuation It trades at 10.5× forward earnings against a peer median of 13.4× (7th cheapest of 21).
Capital Return on invested capital runs 5.6 points above its cost of capital (7.5% WACC).
Next results Next results expected around 9 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥235B | CN¥173B | CN¥145B | CN¥137B | CN¥122B |
| Revenue growth | — | +19% | +6% | +13% | — |
| Gross profit | CN¥23.5B | CN¥13.3B | CN¥10.0B | CN¥9.56B | CN¥11.4B |
| EBITDA | n/a | CN¥12.4B | CN¥8.89B | CN¥9.19B | CN¥10.1B |
| Net income | CN¥5.69B | CN¥2.42B | CN¥2.81B | CN¥2.70B | CN¥4.18B |
| Free cash flow | -CN¥11.2B | -CN¥3.18B | -CN¥2.69B | CN¥3.51B | CN¥7.30B |
| Capital expenditure | CN¥5.84B | CN¥3.19B | CN¥4.36B | CN¥2.75B | CN¥2.18B |
| Total debt | CN¥45.4B | CN¥30.9B | CN¥23.0B | CN¥25.5B | CN¥26.0B |
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 |
|---|---|---|---|---|---|---|
| Tongling Nonferrous Metals 000630.SZ | $9.83B | -20% | +46% | 6% | 10.5× | n/a |
| Jiangxi Copper 600362.SS | $14.3B | -29% | +14% | 4% | 7.2× | n/a |
| Zijin Mining 601899.SS | $109B | -15% | +16% | 30% | 9.6× | -10.2% |
| Yunnan Copper 000878.SZ | $5.01B | -28% | +10% | 2% | 11.9× | n/a |
| Freeport-McMoRan FCX | $85.3B | -4% | 0% | 24% | 14.3× | 16.3% |
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 | 000630.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -15.0% | -15.6% | 10th highest of 21 |
| 6-month return | -20.5% | -26.5% | 10th highest of 21 |
| Distance from 52-week high | -46.8% | -44.0% | 9th lowest of 21 |
| Revenue growth (TTM) | +46.1% | +25.0% | 9th highest of 21 |
| Operating margin | 6.1% | 15.5% | 3rd lowest of 21 |
| Forward P/E | 10.5× | 13.4× | 7th cheapest of 21 |
| ROIC minus cost of capital | +5.6 pp | +3.5 pp | 9th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Tongling Nonferrous Metals 000630.SZ | China | $9.83B | -20% | +46% | 6% | 10.5× | n/a | n/a |
| Western Mining 601168.SS | China | $9.85B | -7% | +18% | 17% | 8.2× | -5.6% | +16.5% |
| Hudbay Minerals HBM.TO | Canada | $9.35B | -10% | +13% | 32% | 12.0× | 18.1% | +15.8% |
| Zhejiang Huayou Cobalt 603799.SS | China | $9.30B | -50% | +38% | 12% | 9.3× | n/a | n/a |
| MMG 1208.HK | Hong Kong | $11.2B | -27% | +48% | 43% | 6.3× | -11.3% | +15.6% |
| Lynas Rare Earths LYC.AX | Australia | $8.58B | -38% | +76% | 25% | 26.7× | 34.3% | +14.9% |
| Xiamen Tungsten 600549.SS | China | $8.55B | -37% | +67% | 10% | 13.2× | n/a | n/a |
| Ivanhoe Mines IVN.TO | Canada | $8.43B | -26% | +109% | 7% | 18.9× | n/a | n/a |
| Jinduicheng Molybdenum 601958.SS | China | $8.06B | -15% | +7% | 32% | 13.6× | 4.2% | +13.7% |
| China Rare Earth Resources And Technology 000831.SZ | China | $7.57B | -7% | -2% | 15% | 103.1× | 53.1% | +14.0% |
| Sumitomo Metal Mining 5713.T | Japan | $13.2B | -19% | +22% | 14% | 8.1× | 8.5% | +13.5% |
| China Tungsten & Hightech Materials 000657.SZ | China | $13.2B | -34% | +66% | 16% | 21.0× | n/a | n/a |
| Wanguo Gold 3939.HK | Hong Kong | $7.31B | +6% | +79% | 67% | 20.2× | 1.7% | +17.0% |
| Yunnan Lincang Xinyuan Germanium Industry 002428.SZ | China | $7.09B | +3% | +54% | 13% | 230.8× | n/a | n/a |
| South32 S32.AX | Australia | $13.7B | -1% | -4% | 15% | 12.7× | 6.3% | +3.2% |
| Carpenter Technology CRS | United States | $13.8B | -35% | +10% | 23% | 20.0× | 17.4% | +16.2% |
| KGHM Polska Miedz KGH.WA | Poland | $14.1B | -27% | +27% | 20% | 6.4× | 1.6% | +9.2% |
| Jiangxi Copper 600362.SS | China | $14.3B | -29% | +14% | 4% | 7.2× | n/a | n/a |
| Aurubis NDA.DE | Germany | $6.73B | -35% | +23% | 6% | 15.1× | n/a | n/a |
| Korea Zinc 010130.KS | South Korea | $14.4B | -39% | +53% | 8% | 16.2× | n/a | n/a |
| Boliden BOL.ST | Sweden | $14.6B | -4% | +23% | 16% | 11.3× | 0.6% | +10.7% |