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State-backed consolidator of southern China's ion-adsorption rare-earth mines, producing separated rare-earth oxides.
State-backed consolidator of southern China's ion-adsorption rare-earth mines, producing separated rare-earth oxides.
In one line: China's MP Materials, but ionic-clay rare earths.
Moat: narrow (regulatory licence, scale). Holds state-allocated mining quotas for scarce ion-adsorption heavy rare-earth deposits.
Headquarters: Ganzhou, Jiangxi, China · Employees: 538
Size China Rare Earth Resources And Technology (000831.SZ) is a China Materials company (Other Metals/Minerals) with a market value of $7.57B, the 325th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥47.59 on 6 Nov 2026.
Performance Over six months the shares fell 6.9%, against -17.7% for the median peer and -16.4% for the China market (cap-weighted) — 8th highest of 21 in its peer set.
Growth Revenue fell 2.3% over the last twelve months (peer median +49.9%); the operating margin is 15.3% (peer median 26.0%).
Valuation It trades at 103.1× forward earnings against a peer median of 13.2× (3rd most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 53% a year for seven years (Req g). Recent delivered growth is +14%, so the hurdle is +39 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 6.6 points below its cost of capital (14.7% WACC).
Next results Next results expected around 23 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥3.34B | CN¥3.18B | CN¥2.82B | CN¥3.97B | CN¥4.20B |
| Revenue growth | — | +13% | -29% | -5% | — |
| Gross profit | CN¥885M | CN¥517M | CN¥260M | CN¥869M | CN¥1.24B |
| EBITDA | n/a | CN¥313M | -CN¥208M | CN¥582M | CN¥1.07B |
| Net income | CN¥389M | CN¥173M | -CN¥287M | CN¥418M | CN¥769M |
| Free cash flow | CN¥961M | CN¥416M | -CN¥673M | CN¥269M | CN¥1.49B |
| Capital expenditure | CN¥77.2M | CN¥59.5M | CN¥86.4M | CN¥80.5M | CN¥121M |
| Total debt | CN¥268M | CN¥487M | CN¥285M | CN¥250M | CN¥111M |
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 |
|---|---|---|---|---|---|---|
| China Rare Earth Resources And Technology 000831.SZ | $7.57B | -7% | -2% | 15% | 103.1× | 53.1% |
| China Northern Rare Earth (Group) High-Tech 600111.SS | $19.6B | -31% | +29% | 11% | 28.5× | 24.6% |
| MP Materials MP | $6.31B | -47% | +72% | -17% | 248.7× | n/a |
| Lynas Rare Earths LYC.AX | $8.58B | -38% | +76% | 25% | 26.7× | 34.3% |
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 | 000831.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -11.3% | -15.2% | 8th highest of 21 |
| 6-month return | -6.9% | -17.7% | 8th highest of 21 |
| Distance from 52-week high | -28.8% | -45.2% | 4th highest of 21 |
| Revenue growth (TTM) | -2.3% | +49.9% | lowest of 21 |
| Operating margin | 15.3% | 26.0% | 8th lowest of 21 |
| Forward P/E | 103.1× | 13.2× | 3rd most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 53.1% | 6.5% | most demanding of 13 |
| Growth delivered (Del g) | +14.0% | +17.0% | 2nd lowest of 12 |
| Hurdle (Req g minus delivered) | +39.1 pp | -16.6 pp | most demanding of 12 |
| ROIC minus cost of capital | -6.6 pp | +5.8 pp | 3rd lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| China Rare Earth Resources And Technology 000831.SZ | China | $7.57B | -7% | -2% | 15% | 103.1× | 53.1% | +14.0% |
| Wanguo Gold 3939.HK | Hong Kong | $7.31B | +6% | +79% | 67% | 20.2× | 1.7% | +17.0% |
| Jinduicheng Molybdenum 601958.SS | China | $8.06B | -15% | +7% | 32% | 13.6× | 4.2% | +13.7% |
| Yunnan Lincang Xinyuan Germanium Industry 002428.SZ | China | $7.09B | +3% | +54% | 13% | 230.8× | n/a | n/a |
| Ivanhoe Mines IVN.TO | Canada | $8.43B | -26% | +109% | 7% | 18.9× | n/a | n/a |
| Aurubis NDA.DE | Germany | $6.73B | -35% | +23% | 6% | 15.1× | n/a | n/a |
| Xiamen Tungsten 600549.SS | China | $8.55B | -37% | +67% | 10% | 13.2× | n/a | n/a |
| Lynas Rare Earths LYC.AX | Australia | $8.58B | -38% | +76% | 25% | 26.7× | 34.3% | +14.9% |
| NMDC NMDC.NS | India | $6.55B | -22% | +27% | 27% | 7.4× | 5.2% | +15.8% |
| Aura Minerals AUGO | United States | $6.52B | -5% | +89% | 53% | 10.6× | -6.0% | +25.2% |
| Discovery Mining DSV.TO | Canada | $6.44B | +19% | +684% | 38% | 17.6× | 19.9% | n/a |
| PLS PLS.AX | Australia | $6.33B | -56% | +152% | 43% | 10.6× | 2.5% | +61.6% |
| MP Materials MP | United States | $6.31B | -47% | +72% | -17% | 248.7× | n/a | n/a |
| Inner Mongolia Xingye Silver and Tin Mining 000426.SZ | China | $6.23B | -42% | +38% | 49% | 13.1× | 7.8% | +42.6% |
| Sandfire Resources SFR.AX | Australia | $6.20B | -4% | +32% | 32% | 13.3× | 9.2% | +25.8% |
| Zhejiang Huayou Cobalt 603799.SS | China | $9.30B | -50% | +38% | 12% | 9.3× | n/a | n/a |
| Hudbay Minerals HBM.TO | Canada | $9.35B | -10% | +13% | 32% | 12.0× | 18.1% | +15.8% |
| Capstone Copper CS.TO | Canada | $6.01B | -8% | +30% | 32% | 9.4× | 9.8% | +40.2% |
| Nanya New Material Technology 688519.SS | China | $5.90B | -5% | +104% | 17% | 55.2× | n/a | n/a |
| 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% |