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Beijing maker of NdFeB rare-earth permanent magnets used in EV motors, wind turbines and electronics, spun out of the Chinese Academy of Sciences.
Beijing maker of NdFeB rare-earth permanent magnets used in EV motors, wind turbines and electronics, spun out of the Chinese Academy of Sciences.
Sells sintered magnets, pressed and heat-treated blocks of neodymium alloy, to motor makers that approve each magnet grade for their designs, so orders repeat but new business is slow to win. The rare-earth metals inside make up much of the cost, so selling prices tend to follow them.
In one line: China's academic-spinoff answer to a magnet-materials specialist.
Moat: narrow (IP / patents, process know-how). Early Chinese Academy of Sciences-derived NdFeB patents and process expertise built over decades.
Headquarters: Beijing, China · Founded: 1995 · Employees: 5,197
Size Beijing Zhong Ke San Huan High-Tech (000970.SZ) is a China Materials company (Other Metals/Minerals) with a market value of $1.87B, the 1334th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥10.20 on 6 Nov 2026.
Performance Over six months the shares fell 15.6%, against -24.3% for the median peer and -16.4% for the China market (cap-weighted) — 9th highest of 21 in its peer set.
Growth Revenue grew 11.0% over the last twelve months (peer median +31.2%); the operating margin is 3.2% (peer median 9.9%).
Valuation It trades at 65.8× forward earnings against a peer median of 21.4× (most expensive of 19).
Capital Return on invested capital runs 7.9 points below its cost of capital (11.6% WACC).
Next results Next results expected around 1 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥7.35B | CN¥6.63B | CN¥6.73B | CN¥8.34B | CN¥9.70B |
| Revenue growth | — | -2% | -19% | -14% | — |
| Gross profit | CN¥981M | CN¥660M | CN¥661M | CN¥1.02B | CN¥1.75B |
| EBITDA | n/a | CN¥306M | CN¥199M | CN¥516M | CN¥1.24B |
| Net income | CN¥77.1M | CN¥91.3M | CN¥12.0M | CN¥275M | CN¥848M |
| Free cash flow | -CN¥253M | -CN¥229M | CN¥1.12B | CN¥1.01B | -CN¥951M |
| Capital expenditure | CN¥130M | CN¥156M | CN¥215M | CN¥420M | CN¥563M |
| Total debt | CN¥987M | CN¥867M | CN¥874M | CN¥1.75B | CN¥2.47B |
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 |
|---|---|---|---|---|---|---|
| Beijing Zhong Ke San Huan High-Tech 000970.SZ | $1.87B | -16% | +11% | 3% | 65.8× | n/a |
| Yantai Zhenghai Magnetic Material 300224.SZ | $1.79B | -1% | +16% | 5% | 29.9× | 20.1% |
| Ningbo Yunsheng 600366.SS | $1.64B | -24% | +33% | 6% | 19.3× | 19.1% |
| JL Mag Rare-Earth 300748.SZ | $4.54B | -27% | +39% | 11% | 33.1× | 22.1% |
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 | 000970.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -7.0% | -12.3% | 9th highest of 21 |
| 6-month return | -15.6% | -24.3% | 9th highest of 21 |
| Distance from 52-week high | -40.5% | -47.0% | 9th highest of 21 |
| Revenue growth (TTM) | +11.0% | +31.2% | 6th lowest of 20 |
| Operating margin | 3.2% | 9.9% | 7th lowest of 20 |
| Forward P/E | 65.8× | 21.4× | most expensive of 19 |
| ROIC minus cost of capital | -7.9 pp | -3.5 pp | 5th lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Beijing Zhong Ke San Huan High-Tech 000970.SZ | China | $1.87B | -16% | +11% | 3% | 65.8× | n/a | n/a |
| Jiangsu ToLand Alloy 300855.SZ | China | $1.83B | -21% | +75% | 28% | 26.5× | n/a | n/a |
| Yantai Zhenghai Magnetic Material 300224.SZ | China | $1.79B | -1% | +16% | 5% | 29.9× | 20.1% | +29.2% |
| Energy Fuels EFR.TO | Canada | $1.78B | -70% | +70% | -79% | 61.7× | n/a | n/a |
| Nickel Industries NIC.AX | Australia | $1.78B | -46% | -3% | 10% | 10.4× | 13.1% | +27.5% |
| Iluka Resources ILU.AX | Australia | $1.77B | -30% | -20% | -29% | n/a | n/a | n/a |
| Baoji Titanium Industry 600456.SS | China | $1.76B | -26% | +14% | 7% | 26.4× | n/a | n/a |
| Denison Mines DML.TO | Canada | $2.00B | -39% | -9% | -2,101% | n/a | n/a | n/a |
| Yellow Cake YCA.L | United Kingdom | $1.74B | -12% | n/a | n/a | 10.6× | n/a | n/a |
| RHI Magnesita RHIM.L | United Kingdom | $1.74B | +2% | -1% | 11% | 6.9× | 3.0% | +7.5% |
| CGN Mining 1164.HK | Hong Kong | $2.03B | -47% | +15% | 2% | 20.8× | 33.0% | +19.1% |
| Lianyou Metals 7610.TW | Taiwan | $2.03B | +89% | +238% | 56% | 11.4× | n/a | n/a |
| Henan Liliang Diamond 301071.SZ | China | $2.03B | -2% | +73% | 21% | 45.0× | 28.0% | +20.9% |
| Atalaya Mining Copper ATYM.L | United Kingdom | $1.71B | -2% | +20% | 29% | 7.8× | 6.5% | +13.0% |
| Anhui Jingcheng Copper Share 002171.SZ | China | $2.07B | -22% | +35% | 1% | 22.0× | n/a | n/a |
| Jiaxin International Resources Investment 3858.HK | Hong Kong | $2.08B | -56% | +2,782% | 65% | 6.1× | -6.4% | n/a |
| Guangdong Jia Yuan Technology Shares 688388.SS | China | $2.12B | -38% | +81% | 4% | 17.9× | n/a | n/a |
| Centrus Energy LEU | United States | $2.14B | -50% | +8% | 2% | 34.5× | n/a | n/a |
| 5N Plus VNP.TO | Canada | $2.15B | -10% | +32% | 18% | 28.8× | n/a | n/a |
| Altius Minerals ALS.TO | Canada | $2.16B | -2% | +68% | 17% | 47.6× | 57.7% | -4.5% |
| Co-tech Development 8358.TWO | Taiwan | $2.24B | -30% | +31% | 23% | 19.9× | n/a | n/a |