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Potash-fertilizer producer operating mines in Laos, supplying potassium chloride to Chinese and Asian agricultural markets.
Potash-fertilizer producer operating mines in Laos, supplying potassium chloride to Chinese and Asian agricultural markets.
Sells a single product, potassium chloride, mined in Laos, so earnings follow the potash price and how much the mine can lift, not a spread of businesses. Buyers are mainly Chinese and Southeast Asian fertilizer makers and distributors.
In one line: A Chinese Nutrien/Mosaic for potash.
Moat: narrow (regulatory licence, scale). Overseas (Laos) potash mining concessions give scarce resource access versus purely domestic peers.
Headquarters: Guangzhou, China · Founded: 1997 · Employees: 7,171
Size Asia-Potash International Investment (Guangzhou) (000893.SZ) is a China Materials company (Other Metals/Minerals) with a market value of $5.08B, the 495th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥36.68 on 6 Nov 2026.
Performance Over six months the shares fell 32.1%, against -26.9% for the median peer and -16.4% for the China market (cap-weighted) — 9th lowest of 21 in its peer set.
Growth Revenue grew 40.5% over the last twelve months (peer median +22.8%); the operating margin is 36.2% (peer median 10.0%).
Valuation It trades at 11.6× forward earnings against a peer median of 18.9× (4th cheapest of 17).
Price implies For today's price to make sense, revenue must grow about -3% a year for seven years (Req g). Recent delivered growth is +72%, so the hurdle is -75 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 8.3 points above its cost of capital (5.5% WACC).
Next results Next results expected around 23 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥6.93B | CN¥5.29B | CN¥3.53B | CN¥3.88B | CN¥3.44B |
| Revenue growth | — | +50% | -9% | +13% | — |
| Gross profit | CN¥4.66B | CN¥2.95B | CN¥1.61B | CN¥2.15B | CN¥2.43B |
| EBITDA | n/a | CN¥2.96B | CN¥1.60B | CN¥1.95B | CN¥2.38B |
| Net income | CN¥2.15B | CN¥1.67B | CN¥950M | CN¥1.24B | CN¥2.03B |
| Free cash flow | CN¥1.24B | CN¥397M | -CN¥803M | -CN¥1.50B | -CN¥854M |
| Capital expenditure | CN¥1.62B | CN¥1.89B | CN¥2.07B | CN¥3.36B | CN¥2.66B |
| Total debt | CN¥3.63B | CN¥4.15B | CN¥2.25B | CN¥1.04B | CN¥23.5M |
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 |
|---|---|---|---|---|---|---|
| Asia-Potash International Investment (Guangzhou) 000893.SZ | $5.08B | -32% | +40% | 36% | 11.6× | -3.3% |
| Nutrien NTR.TO | $34.3B | +8% | +8% | 14% | 13.2× | 4.1% |
| Mosaic Company (The) MOS | $7.11B | +2% | 0% | 3% | 26.2× | n/a |
| China BlueChemical 3983.HK | $1.08B | -32% | +4% | 5% | 6.0× | n/a |
| Qinghai Salt Lake Industry 000792.SZ | $17.8B | -41% | +48% | 57% | 9.9× | -2.7% |
| ICL ICL | $6.04B | -27% | +11% | 11% | 11.5× | 3.5% |
| Intrepid Potash IPI | $443M | -13% | +5% | 6% | 11.8× | 9.9% |
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 | 000893.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -2.5% | -14.3% | 3rd highest of 21 |
| 6-month return | -32.1% | -26.9% | 9th lowest of 21 |
| Distance from 52-week high | -48.8% | -51.4% | 10th highest of 21 |
| Revenue growth (TTM) | +40.5% | +22.8% | 5th highest of 20 |
| Operating margin | 36.2% | 10.0% | 3rd highest of 20 |
| Forward P/E | 11.6× | 18.9× | 4th cheapest of 17 |
| Growth the price implies (Req g, 7 yrs) | -3.3% | 9.5% | 2nd least demanding of 11 |
| Growth delivered (Del g) | +72.1% | +21.1% | highest of 11 |
| Hurdle (Req g minus delivered) | -75.4 pp | -4.6 pp | least demanding of 11 |
| ROIC minus cost of capital | +8.3 pp | +2.1 pp | 5th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Asia-Potash International Investment (Guangzhou) 000893.SZ | China | $5.08B | -32% | +40% | 36% | 11.6× | -3.3% | +72.1% |
| Yunnan Copper 000878.SZ | China | $5.01B | -28% | +10% | 2% | 11.9× | n/a | n/a |
| Luoyang Shenglong Mining 001257.SZ | China | $5.00B | -19% | +22% | 34% | n/a | 13.4% | +22.4% |
| Grinm Advanced Materials 600206.SS | China | $4.85B | +40% | +23% | 2% | 72.2× | n/a | n/a |
| Baiyin Nonferrous 601212.SS | China | $5.49B | -35% | 0% | 5% | n/a | n/a | n/a |
| NexGen Energy NXE.TO | Canada | $5.57B | -31% | n/a | n/a | n/a | n/a | n/a |
| Yunnan Tin 000960.SZ | China | $5.66B | -34% | +19% | 8% | 10.8× | 1.9% | -0.5% |
| Xinjiang Daqo New Energy 688303.SS | China | $5.69B | -20% | -23% | -62% | n/a | n/a | n/a |
| China Nonferrous Mining 1258.HK | Hong Kong | $5.73B | -19% | +11% | 28% | 7.4× | -14.6% | +5.8% |
| Yunnan Chihong Zinc & Germanium 600497.SS | China | $5.76B | -15% | +29% | 10% | 13.8× | 4.4% | +4.6% |
| Nanya New Material Technology 688519.SS | China | $5.90B | -5% | +104% | 17% | 55.2× | n/a | n/a |
| Zhejiang Rongtai Electric Material 603119.SS | China | $4.36B | -3% | +46% | 20% | 81.0× | 42.2% | +30.2% |
| Hindustan Copper HINDCOPPER.NS | India | $4.31B | -26% | +67% | 42% | 21.6× | 38.7% | +11.5% |
| Sichuan Hongda 600331.SS | China | $4.30B | -40% | 0% | -1% | 543.0× | n/a | n/a |
| Capstone Copper CS.TO | Canada | $6.01B | -8% | +30% | 32% | 9.4× | 9.8% | +40.2% |
| Western Superconducting Technologies 688122.SS | China | $4.21B | -33% | -5% | 8% | 43.2× | 29.3% | +19.9% |
| Dazhong Mining 001203.SZ | China | $4.20B | -64% | +3% | 26% | 30.5× | n/a | n/a |
| Sandfire Resources SFR.AX | Australia | $6.20B | -4% | +32% | 32% | 13.3× | 9.2% | +25.8% |
| Inner Mongolia Xingye Silver and Tin Mining 000426.SZ | China | $6.23B | -42% | +38% | 49% | 13.1× | 7.8% | +42.6% |
| MP Materials MP | United States | $6.31B | -47% | +72% | -17% | 248.7× | n/a | n/a |
| Shenghe Resources 600392.SS | China | $4.09B | -40% | +34% | 8% | 16.2× | n/a | n/a |