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Chinese maker of tantalum powder, wire and capacitor-grade materials.
Chinese maker of tantalum powder, wire and capacitor-grade materials.
Turns tantalum raw material into powder and wire sold to capacitor makers, so profit depends on the spread between ore cost and processed-metal prices as well as electronics demand. It belongs to the state-owned China Nonferrous Metal Mining group.
In one line: A China-based Kemet/H.C. Starck tantalum-materials peer.
Moat: narrow (scale, process know-how). Established tantalum-processing scale and technical know-how in a niche materials market.
Headquarters: Ningxia, China · Employees: 1,332
Size Ningxia Orient Tantalum Industry (000962.SZ) is a China Materials company (Other Metals/Minerals) with a market value of $3.08B, the 840th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥38.98 on 6 Nov 2026.
Performance Over six months the shares fell 11.2%, against -32.8% for the median peer and -16.4% for the China market (cap-weighted) — 4th highest of 19 in its peer set.
Growth Revenue grew 43.0% over the last twelve months (peer median +24.6%); the operating margin is 12.3% (peer median 12.4%).
Valuation It trades at 54.0× forward earnings against a peer median of 13.5× (4th most expensive of 15).
Capital Return on invested capital runs 8.1 points below its cost of capital (12.7% WACC).
Next results Next results expected around 20 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥2.27B | CN¥1.55B | CN¥1.28B | CN¥1.10B | CN¥979M |
| Revenue growth | — | +21% | +17% | +12% | — |
| Gross profit | CN¥498M | CN¥278M | CN¥218M | CN¥167M | CN¥129M |
| EBITDA | n/a | CN¥226M | CN¥166M | CN¥121M | CN¥91.4M |
| Net income | CN¥301M | CN¥258M | CN¥213M | CN¥187M | CN¥171M |
| Free cash flow | -CN¥1.81B | -CN¥786M | -CN¥260M | CN¥11.3M | CN¥6.02M |
| Capital expenditure | CN¥545M | CN¥469M | CN¥219M | CN¥133M | CN¥54.7M |
| Total debt | CN¥1.90B | CN¥848M | CN¥186M | CN¥192M | CN¥211M |
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 |
|---|---|---|---|---|---|---|
| Ningxia Orient Tantalum Industry 000962.SZ | $3.08B | -11% | +43% | 12% | 54.0× | n/a |
| Mitsui Kinzoku 5706.T | $5.61B | -28% | +11% | 18% | 10.1× | 11.6% |
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 | 000962.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -29.3% | -17.5% | 3rd lowest of 21 |
| 6-month return | -11.2% | -32.8% | 4th highest of 19 |
| Distance from 52-week high | -59.5% | -56.4% | 11th highest of 21 |
| Revenue growth (TTM) | +43.0% | +24.6% | 8th highest of 20 |
| Operating margin | 12.3% | 12.4% | 10th lowest of 20 |
| Forward P/E | 54.0× | 13.5× | 4th most expensive of 15 |
| ROIC minus cost of capital | -8.1 pp | -0.3 pp | 4th lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Ningxia Orient Tantalum Industry 000962.SZ | China | $3.08B | -11% | +43% | 12% | 54.0× | n/a | n/a |
| China Rare Earth Nonferrous Metals 600259.SS | China | $3.13B | -33% | -43% | 4% | 34.1× | n/a | n/a |
| Ero Copper ERO.TO | Canada | $3.03B | +10% | +106% | 40% | 5.9× | 0.4% | +20.4% |
| Chongyi Zhangyuan Tungsten 002378.SZ | China | $3.18B | -48% | +105% | 12% | n/a | n/a | n/a |
| Hunan Silver 002716.SZ | China | $3.19B | -35% | +50% | 4% | n/a | n/a | n/a |
| North Copper 000737.SZ | China | $2.97B | -28% | +54% | 9% | n/a | -3.9% | +26.8% |
| Zhejiang Wazam New Material 603186.SS | China | $3.33B | +79% | +60% | 14% | 58.0× | 24.9% | +13.9% |
| Zhuzhou Smelter 600961.SS | China | $2.85B | -33% | +23% | 12% | 6.7× | -1.6% | +8.5% |
| NGEx Minerals NGEX.TO | Canada | $3.37B | -15% | n/a | n/a | n/a | n/a | n/a |
| Chengxin Lithium 002240.SZ | China | $2.79B | -66% | +226% | 20% | 11.3× | n/a | n/a |
| Dowa 5714.T | Japan | $2.78B | -22% | +29% | 6% | 6.9× | n/a | n/a |
| Uranium Energy UEC | United States | $3.43B | -54% | -44% | -358% | n/a | n/a | n/a |
| Shenzhen Zhongjin Lingnan Nonfemet 000060.SZ | China | $3.43B | -24% | +16% | 3% | 17.8× | n/a | n/a |
| Western Metal Materials 002149.SZ | China | $2.76B | -41% | +3% | 0% | 139.8× | 54.3% | +9.7% |
| Shengda Resources 000603.SZ | China | $2.75B | -27% | +25% | 47% | 15.8× | 12.8% | +8.5% |
| Suzhou Kematek 301611.SZ | China | $3.48B | -36% | +18% | 15% | 128.5× | n/a | n/a |
| Lygend Resources And Technology 001246.SZ | China | $3.48B | n/a | +28% | 19% | 8.9× | -5.9% | +39.8% |
| GuoCheng Mining 000688.SZ | China | $3.57B | -60% | +193% | 50% | 11.2× | 3.3% | +39.6% |
| Sanxiang Advanced Materials 603663.SS | China | $2.65B | -10% | +5% | 18% | 44.4× | 48.1% | +9.7% |
| IGO IGO.AX | Australia | $2.60B | -45% | -12% | -31% | 8.9× | 17.2% | -6.5% |
| Changyu 603407.SS | China | $2.59B | n/a | +9% | 16% | n/a | 51.8% | +2.2% |