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Harbin-based maker of indium sputtering targets for display and semiconductor coating (renamed from a former water-utility shell).
Harbin-based maker of indium sputtering targets for display and semiconductor coating (renamed from a former water-utility shell).
Moat: narrow (process know-how). High-purity indium target production requires specialized refining and coating know-how.
Headquarters: Harbin, Heilongjiang, China · Employees: 585
Size Indium Target Advanced Materials (Harbin) (000711.SZ) is a China Utilities company (Water Utilities) with a market value of $1.54B, the 1596th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥3.48 on 6 Nov 2026.
Performance Over six months the shares fell 27.2%, against -8.5% for the median peer and -16.4% for the China market (cap-weighted) — 3rd lowest of 21 in its peer set.
Growth Revenue grew 46.0% over the last twelve months (peer median +2.6%); the operating margin is -3.7% (peer median 20.9%).
Valuation It trades at 11.30× book value against a peer median of 1.27× (2nd most expensive of 21).
Price implies The share price implies a return on equity of about 26.7%; Indium Target Advanced Materials (Harbin) delivers -0.5%, so the price asks more than the business earns today.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥917M | CN¥475M | CN¥376M | CN¥147M | CN¥191M |
| Revenue growth | — | +26% | +156% | -23% | — |
| Gross profit | CN¥145M | -CN¥24.2M | CN¥25.8M | -CN¥84.9M | -CN¥117M |
| EBITDA | n/a | -CN¥185M | -CN¥105M | -CN¥537M | -CN¥456M |
| Net income | -CN¥3.69M | -CN¥211M | -CN¥110M | CN¥1.06B | -CN¥1.35B |
| Free cash flow | -CN¥411M | -CN¥113M | -CN¥300M | -CN¥162M | CN¥89.0M |
| Capital expenditure | CN¥64.0M | CN¥18.6M | CN¥22.2M | CN¥611,386 | CN¥5.57M |
| Total debt | CN¥65.8M | CN¥102M | CN¥82.7M | CN¥10.1M | CN¥2.43B |
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 | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Indium Target Advanced Materials (Harbin) 000711.SZ | $1.54B | -27% | +46% | 0% | 11.30× | 26.7% |
| Korea Zinc 010130.KS | $14.4B | -39% | +53% | 9% | 1.79× | 9.1% |
| AMG Critical Materials AMG.AS | $988M | -41% | +12% | 1% | 1.23× | 9.4% |
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 | 000711.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -23.0% | -2.4% | lowest of 21 |
| 6-month return | -27.2% | -8.5% | 3rd lowest of 21 |
| Return on equity | -0.5% | 7.4% | lowest of 21 |
| Price / book | 11.30× | 1.27× | 2nd most expensive of 21 |
| ROE the price implies | 26.7% | 7.9% | 2nd most demanding of 21 |
| ROE delivered | -0.5% | 7.4% | lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Indium Target Advanced Materials (Harbin) 000711.SZ | China | $1.54B | -27% | +46% | 0% | 11.30× | 26.7% | -0.5% |
| Jiangxi Hongcheng Environment 600461.SS | China | $1.69B | -17% | -11% | 11% | 1.08× | 3.5% | 11.4% |
| Middlesex Water MSEX | United States | $1.15B | +16% | +9% | 10% | 2.09× | 14.2% | 10.1% |
| Guangdong Shunkong Development 003039.SZ | China | $1.12B | -16% | +6% | 11% | 2.48× | 21.1% | 11.2% |
| Zhongshan Public Utilities 000685.SZ | China | $2.36B | -8% | -11% | 14% | 0.79× | 5.9% | 14.2% |
| China Water Affairs 0855.HK | Hong Kong | $823M | -22% | -11% | 7% | 0.43× | 5.1% | 7.0% |
| Chongqing Water 601158.SS | China | $3.01B | -6% | +1% | 5% | 1.14× | 3.6% | 5.0% |
| H2O America HTO | United States | $3.04B | +9% | +4% | 6% | 1.38× | 7.9% | 5.6% |
| Beijing Capital Eco-Environment Protection 600008.SS | China | $3.09B | -8% | -8% | 7% | 0.97× | 4.3% | 7.4% |
| Jiangsu Jiangnan Water 601199.SS | China | $763M | +2% | -4% | 7% | 1.07× | 5.9% | 6.8% |
| Pennon PNN.L | United Kingdom | $3.18B | -35% | +23% | 6% | 1.27× | 11.0% | 6.4% |
| California Water Service CWT | United States | $3.21B | +17% | +7% | 8% | 1.69× | 10.0% | 7.6% |
| Chengdu Xingrong Environment 000598.SZ | China | $3.27B | +7% | +1% | 10% | 1.05× | 3.8% | 10.2% |
| Wuhan Xianglong Power Industry 600769.SS | China | $687M | -24% | +4% | 12% | 33.65× | 352.8% | 12.4% |
| American States Water AWR | United States | $3.57B | +17% | +13% | 14% | 3.18× | 17.3% | 13.6% |
| Qianjiang Water Resources Development 600283.SS | China | $627M | -19% | +7% | 5% | 1.26× | 7.4% | 5.4% |
| Guangxi Nanning Waterworks 601368.SS | China | $601M | -9% | 0% | 3% | 0.81× | 3.6% | 2.6% |
| Haitian Water 603759.SS | China | $535M | -17% | +112% | 5% | 1.22× | 7.9% | 4.6% |
| York Water YORW | United States | $529M | +10% | +9% | 9% | 1.80× | 11.1% | 9.0% |
| Jiangsu United Water Technology 603291.SS | China | $476M | -35% | -13% | 5% | 1.82× | 9.2% | 5.1% |
| Consolidated Water CWCO | United States | $436M | -17% | -1% | 7% | 1.93× | 11.9% | 7.4% |