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Magnesium alloy maker, backed by steel giant Baowu, supplying lightweight die-cast parts to automakers and electronics firms.
Magnesium alloy maker, backed by steel giant Baowu, supplying lightweight die-cast parts to automakers and electronics firms.
In one line: A niche lightweight-metals supplier, no close US peer.
Moat: narrow (scale, distribution). Backed by Baowu, the world's largest steelmaker, giving raw-material and customer-relationship advantages.
Headquarters: Nanjing, China · Employees: 4,874
Size Baowu Magnesium Technology (002182.SZ) is a China Materials company (Other Metals/Minerals) with a market value of $1.54B, the 1597th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥10.36 on 6 Nov 2026.
Performance Over six months the shares fell 34.0%, against -28.2% for the median peer and -16.4% for the China market (cap-weighted) — 9th lowest of 21 in its peer set.
Growth Revenue grew 4.2% over the last twelve months (peer median +14.9%); the operating margin is 0.5% (peer median 4.7%).
Valuation It trades at 1.98× book value against a peer median of 1.87× (10th most expensive of 20).
Price implies The share price implies a return on equity of about 26.2%; Baowu Magnesium Technology delivers -3.5%, so the price asks more than the business earns today.
Next results Next results expected around 23 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥10.0B | CN¥9.91B | CN¥8.98B | CN¥7.64B | CN¥9.06B |
| Revenue growth | — | +10% | +17% | -16% | — |
| Gross profit | CN¥1.27B | CN¥978M | CN¥987M | CN¥963M | CN¥1.37B |
| EBITDA | n/a | CN¥826M | CN¥659M | CN¥739M | CN¥1.09B |
| Net income | -CN¥187M | -CN¥18.5M | CN¥160M | CN¥306M | CN¥611M |
| Free cash flow | -CN¥751M | -CN¥1.08B | -CN¥1.78B | -CN¥1.54B | CN¥14.5M |
| Capital expenditure | CN¥1.02B | CN¥1.11B | CN¥1.79B | CN¥1.89B | CN¥1.33B |
| Total debt | CN¥7.64B | CN¥7.54B | CN¥5.94B | CN¥4.19B | CN¥3.21B |
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| Measure | 002182.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -10.5% | -6.1% | 8th lowest of 21 |
| 6-month return | -34.0% | -28.2% | 9th lowest of 21 |
| Return on equity | -3.5% | 4.4% | 4th lowest of 20 |
| Price / book | 1.98× | 1.87× | 10th most expensive of 20 |
| ROE the price implies | 26.2% | 22.7% | 8th most demanding of 20 |
| ROE delivered | -3.5% | 4.4% | 4th lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Baowu Magnesium Technology 002182.SZ | China | $1.54B | -34% | +4% | -4% | 1.98× | 26.2% | -3.5% |
| China Kings Resources 603505.SS | China | $1.55B | -33% | -11% | 4% | 5.81× | 53.1% | 3.8% |
| Tibet Summit Resources 600338.SS | China | $1.56B | -59% | +54% | 14% | 2.20× | 32.2% | 14.2% |
| Nexa Resources NEXA | United States | $1.51B | -20% | +27% | 14% | 1.32× | 11.5% | 13.7% |
| Tibet Mineral Development 000762.SZ | China | $1.50B | -50% | +270% | 2% | 3.37× | 44.1% | 2.2% |
| Liontown LTR.AX | Australia | $1.43B | -75% | +115% | 9% | 1.39× | 20.5% | 9.0% |
| Innuovo Technology 000795.SZ | China | $1.42B | -8% | +21% | 9% | 3.43× | 29.7% | 9.5% |
| Atalaya Mining Copper ATYM.L | United Kingdom | $1.71B | -2% | +20% | 16% | 1.82× | 26.6% | 16.0% |
| RHI Magnesita RHIM.L | United Kingdom | $1.74B | +2% | -1% | 11% | 1.30× | 19.4% | 10.7% |
| Yellow Cake YCA.L | United Kingdom | $1.74B | -12% | n/a | 23% | 0.81× | 7.7% | 23.2% |
| Baoji Titanium Industry 600456.SS | China | $1.76B | -26% | +14% | 4% | 1.61× | 14.4% | 4.4% |
| Iluka Resources ILU.AX | Australia | $1.77B | -30% | -20% | -18% | 1.25× | 12.5% | -18.0% |
| Nickel Industries NIC.AX | Australia | $1.78B | -46% | -3% | -1% | 0.85× | 10.0% | -0.9% |
| Energy Fuels EFR.TO | Canada | $1.78B | -70% | +70% | -11% | 2.09× | 23.8% | -11.4% |
| Yantai Zhenghai Magnetic Material 300224.SZ | China | $1.79B | -1% | +16% | 7% | 2.31× | 25.2% | 7.3% |
| Jiangsu ToLand Alloy 300855.SZ | China | $1.83B | -21% | +75% | 20% | 5.35× | 45.6% | 19.8% |
| Nanjing Hanrui Cobalt 300618.SZ | China | $1.27B | -49% | +11% | -1% | 1.42× | 19.6% | -0.6% |
| Beijing Zhong Ke San Huan High-Tech 000970.SZ | China | $1.87B | -16% | +11% | 1% | 1.87× | 22.1% | 1.2% |
| Evolution Metals & Technologies EMAT | United States | $1.23B | -79% | n/a | n/a | n/a | n/a | n/a |
| North Long Dragon New Materials Tech 301357.SZ | China | $1.23B | -20% | -9% | -2% | 7.42× | 91.3% | -2.3% |
| Ivanhoe Electric IE | United States | $1.21B | -45% | -21% | -8% | 2.30× | 22.7% | -8.4% |