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One of China's major zinc smelting and producing companies.
One of China's major zinc smelting and producing companies.
A smelter earns a processing fee for turning zinc concentrate into refined metal, so profit depends on that fee and on by-products such as sulphuric acid and other recovered metals, not only on the zinc price.
Moat: none (scale). Large smelting scale in a commodity business with limited pricing power over zinc prices.
Headquarters: Huludao, Liaoning, China · Employees: 5,327
Size Huludao Zinc Industry (000751.SZ) is a China Industrials company (Wholesale Distributors) with a market value of $943M, the 2420th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥3.89 on 6 Nov 2026.
Performance Over six months the shares fell 36.3%, against -13.6% for the median peer and -16.4% for the China market (cap-weighted) — 2nd lowest of 21 in its peer set.
Growth Revenue grew 16.7% over the last twelve months (peer median +7.1%); the operating margin is 1.1% (peer median 4.8%).
Valuation It trades at 0.5× enterprise value to sales against a peer median of 0.7× (9th cheapest of 21).
Capital Return on invested capital runs 3.8 points below its cost of capital (7.1% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥20.8B | CN¥18.5B | CN¥15.6B | CN¥15.7B | CN¥18.6B |
| Revenue growth | — | +19% | 0% | -16% | — |
| Gross profit | CN¥864M | CN¥542M | CN¥471M | CN¥586M | CN¥502M |
| EBITDA | n/a | CN¥378M | CN¥389M | CN¥497M | CN¥412M |
| Net income | CN¥69.8M | CN¥68.1M | CN¥21.3M | CN¥89.1M | CN¥65.9M |
| Free cash flow | -CN¥295M | -CN¥121M | -CN¥703M | -CN¥474M | CN¥361M |
| Capital expenditure | CN¥439M | CN¥295M | CN¥176M | CN¥186M | CN¥90.8M |
| Total debt | CN¥6.20B | CN¥4.90B | CN¥4.34B | CN¥4.21B | CN¥3.46B |
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 | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Huludao Zinc Industry 000751.SZ | $943M | -36% | +17% | 1% | 0.5× | n/a |
| Zhuzhou Smelter 600961.SS | $2.85B | -33% | +23% | 12% | 0.8× | -1.6% |
| Korea Zinc 010130.KS | $14.4B | -39% | +53% | 8% | 0.8× | n/a |
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 | 000751.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -11.0% | -8.0% | 10th lowest of 21 |
| 6-month return | -36.3% | -13.6% | 2nd lowest of 21 |
| Distance from 52-week high | -50.3% | -33.3% | 2nd lowest of 21 |
| Revenue growth (TTM) | +16.7% | +7.1% | 7th highest of 21 |
| Operating margin | 1.1% | 4.8% | 3rd lowest of 21 |
| EV / Sales | 0.5× | 0.7× | 9th cheapest of 21 |
| ROIC minus cost of capital | -3.8 pp | +2.6 pp | 4th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Huludao Zinc Industry 000751.SZ | China | $943M | -36% | +17% | 1% | 0.5× | n/a | n/a |
| Dlg Exhibitions & Events 600826.SS | China | $944M | -9% | +2% | 15% | 2.8× | 6.9% | -11.5% |
| State Power Rixin Technology 301162.SZ | China | $944M | -25% | +12% | 17% | 8.2× | 22.6% | +23.8% |
| Hangzhou Cogeneration 605011.SS | China | $956M | -23% | -1% | 5% | 2.2× | n/a | n/a |
| Auto Partner APR.WA | Poland | $928M | +26% | +67% | 8% | 0.6× | -5.0% | +21.5% |
| Trusco Nakayama 9830.T | Japan | $958M | +6% | +10% | 7% | 0.6× | n/a | n/a |
| Lx International 001120.KS | South Korea | $913M | -35% | +11% | 2% | 0.1× | n/a | n/a |
| Wah Lee Industrial 3010.TW | Taiwan | $910M | -15% | +6% | 4% | 0.5× | -6.5% | +5.8% |
| Yamazen 8051.T | Japan | $978M | +13% | +7% | 2% | 0.2× | -6.3% | +4.5% |
| Mitsuuroko 8131.T | Japan | $893M | +26% | 0% | 3% | 0.4× | -3.7% | +8.4% |
| Matsuda Sangyo 7456.T | Japan | $891M | -12% | +49% | 4% | 0.2× | n/a | n/a |
| Superior Plus SPB.TO | Canada | $890M | -22% | -7% | 8% | 1.2× | -1.3% | +13.7% |
| Deep Source 0990.HK | Hong Kong | $1.00B | -31% | +7% | 2% | 0.2× | -13.6% | +6.1% |
| Yellow Hat 9882.T | Japan | $888M | +12% | +7% | 9% | 0.9× | -5.5% | +3.1% |
| Totech 9960.T | Japan | $1.00B | 0% | +6% | 10% | 0.9× | 5.4% | +9.2% |
| Kamei 8037.T | Japan | $869M | +40% | +1% | 3% | 0.2× | -13.1% | +7.6% |
| China Agricultural Development Seed 600313.SS | China | $1.04B | -16% | +35% | 1% | 0.8× | 21.8% | +12.7% |
| MAAS MGH.AX | Australia | $849M | -20% | +31% | 8% | 3.7× | n/a | n/a |
| Beijing Geekplus Technology 2590.HK | Hong Kong | $1.05B | -67% | +33% | 0% | 1.5× | n/a | n/a |
| San-ai Obbli 8097.T | Japan | $843M | -3% | -8% | 2% | 0.2× | -3.1% | +5.2% |
| Zhejiang Songyuan Automotive Safety Systems 300893.SZ | China | $1.06B | -34% | +27% | 12% | 2.8× | n/a | n/a |