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Anhui-based maker of rare-earth permanent magnets and other magnetic materials, with a testing-services unit, from the Sinosteel group.
Anhui-based maker of rare-earth permanent magnets and other magnetic materials, with a testing-services unit, from the Sinosteel group.
Earns from two lines: selling rare-earth permanent magnets, now the growth focus, and testing and inspection services. Magnet results follow rare-earth raw-material prices and demand from motors, so it is investing in new high-performance magnet capacity.
Moat: none. Rare-earth magnet field is crowded; results follow rare-earth prices and demand.
Headquarters: Ma'anshan, China · Employees: 1,072
Size Sinosteel New Materials (002057.SZ) is a China Materials company (Chemicals: Specialty) with a market value of $849M, the 2623rd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥7.51 on 6 Nov 2026.
Performance Over six months the shares fell 22.2%, against -13.2% for the median peer and -16.4% for the China market (cap-weighted) — 9th lowest of 21 in its peer set.
Growth Revenue grew 13.3% over the last twelve months (peer median +6.3%); the operating margin is 8.9% (peer median 7.8%).
Valuation It trades at 12.3× forward earnings against a peer median of 26.1× (3rd cheapest of 16).
Price implies For today's price to make sense, revenue must grow about 12% a year for seven years (Req g). Recent delivered growth is +13%, so the hurdle is -1 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 4.1 points below its cost of capital (9.9% WACC).
Next results Next results expected around 26 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥3.31B | CN¥3.12B | CN¥2.70B | CN¥2.75B | CN¥2.75B |
| Revenue growth | — | +15% | -2% | 0% | — |
| Gross profit | CN¥845M | CN¥705M | CN¥606M | CN¥668M | CN¥614M |
| EBITDA | n/a | CN¥419M | CN¥346M | CN¥383M | CN¥365M |
| Net income | CN¥199M | CN¥176M | CN¥172M | CN¥275M | CN¥390M |
| Free cash flow | CN¥446M | CN¥483M | CN¥229M | CN¥5.34M | -CN¥27.7M |
| Capital expenditure | CN¥38.4M | CN¥20.5M | CN¥90.8M | CN¥141M | CN¥265M |
| Total debt | CN¥1.11B | CN¥1.20B | CN¥1.17B | CN¥1.26B | CN¥1.05B |
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 |
|---|---|---|---|---|---|---|
| Sinosteel New Materials 002057.SZ | $849M | -22% | +13% | 9% | 12.3× | 12.4% |
| JL Mag Rare-Earth 300748.SZ | $4.54B | -27% | +39% | 11% | 33.1× | 22.1% |
| Ningbo Yunsheng 600366.SS | $1.64B | -24% | +33% | 6% | 19.3× | 19.1% |
| Beijing Zhong Ke San Huan High-Tech 000970.SZ | $1.87B | -16% | +11% | 3% | 65.8× | 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 | 002057.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -14.8% | -14.3% | 10th lowest of 21 |
| 6-month return | -22.2% | -13.2% | 9th lowest of 21 |
| Distance from 52-week high | -44.2% | -42.3% | 9th lowest of 21 |
| Revenue growth (TTM) | +13.3% | +6.3% | 9th highest of 21 |
| Operating margin | 8.9% | 7.8% | 9th highest of 21 |
| Forward P/E | 12.3× | 26.1× | 3rd cheapest of 16 |
| Growth the price implies (Req g, 7 yrs) | 12.4% | 18.7% | 2nd least demanding of 9 |
| Growth delivered (Del g) | +13.5% | +4.6% | 2nd highest of 9 |
| Hurdle (Req g minus delivered) | -1.0 pp | +11.5 pp | 3rd least demanding of 9 |
| ROIC minus cost of capital | -4.1 pp | -4.3 pp | 10th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Sinosteel New Materials 002057.SZ | China | $849M | -22% | +13% | 9% | 12.3× | 12.4% | +13.5% |
| Alkyl Amines Chemicals ALKYLAMINE.NS | India | $849M | -9% | +13% | 17% | 37.4× | 36.2% | +4.3% |
| Kingfa Science & Technology (India) KINGFA.NS | India | $849M | +20% | +24% | 14% | n/a | n/a | n/a |
| Shandong Head 002810.SZ | China | $855M | -38% | +16% | 21% | 14.2× | -1.6% | +7.9% |
| Daqo New Energy Corp Sponsored ADR DQ | United States | $856M | -32% | -21% | -70% | n/a | n/a | n/a |
| Fujian Yuanli Active Carbon 300174.SZ | China | $840M | -14% | +7% | 9% | 20.2× | 17.3% | +10.1% |
| Kronos Worldwide KRO | United States | $859M | +46% | +3% | -1% | 11.9× | 17.6% | +2.6% |
| Hanking Gold International 3788.HK | Hong Kong | $862M | -26% | -19% | 8% | n/a | n/a | n/a |
| China Petrochemical Development 1314.TW | Taiwan | $833M | -1% | -35% | -18% | n/a | n/a | n/a |
| HuBei NengTer Technology 002102.SZ | China | $832M | -12% | -59% | -3% | 16.6× | n/a | n/a |
| Zhejiang Wansheng 603010.SS | China | $872M | -25% | +19% | -26% | n/a | n/a | n/a |
| Shanxi Lu'an Chemical Technology 600691.SS | China | $827M | -31% | -14% | -8% | 232.0× | 27.2% | -11.2% |
| Zhejiang Zhengguang Industrial 301092.SZ | China | $823M | -1% | -5% | 13% | 53.7× | n/a | n/a |
| Neo Performance Materials NEO.TO | Canada | $821M | -13% | +24% | 14% | 12.2× | n/a | n/a |
| Zhejiang Xinhua Chemical 603867.SS | China | $817M | -27% | +7% | 10% | 16.1× | 12.8% | +4.9% |
| Jiangsu Aisen Semiconductor Material 688720.SS | China | $817M | -21% | +29% | 5% | 40.2× | n/a | n/a |
| TETRA Technologies TTI | United States | $891M | -39% | +6% | 7% | 19.9× | n/a | n/a |
| Neogen Chemicals NEOGEN.NS | India | $809M | +47% | +27% | 14% | 109.3× | n/a | n/a |
| Sudarshan Chemical Industries SUDARSCHEM.NS | India | $893M | +10% | +90% | 4% | 28.9× | 27.0% | +39.5% |
| Boai NKY Medical 300109.SZ | China | $896M | -32% | -17% | 15% | 32.5× | 19.9% | +3.9% |
| Henan Jindan Lactic Acid Technology 300829.SZ | China | $900M | +52% | +5% | 3% | 26.1× | n/a | n/a |