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Mines lithium ore in Sichuan, sells lithium concentrate, refines lithium salts and makes lithium-battery production equipment.
Mines lithium ore in Sichuan, sells lithium concentrate, refines lithium salts and makes lithium-battery production equipment.
Earns most from mining spodumene, a lithium ore, at its Sichuan mine and selling the concentrate to lithium-salt producers, so profit swings with the lithium price. A smaller arm refines lithium salts and builds battery-production equipment. It also runs, under contract, a Sichuan lithium-salt plant owned by an affiliate in which it holds a stake.
Moat: narrow (regulatory licence). Holds mining rights to a hard-rock lithium deposit in Sichuan; output is small next to larger lithium miners.
Headquarters: Guangzhou, China · Founded: 1998 · Employees: 758
Size YOUNGY (002192.SZ) is a China Materials company (Construction Materials) with a market value of $2.03B, the 1248th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥51.93 on 6 Nov 2026.
Performance Over six months the shares fell 52.5%, against -19.7% for the median peer and -16.4% for the China market (cap-weighted) — lowest of 20 in its peer set.
Growth Revenue grew 315.1% over the last twelve months (peer median -0.9%); the operating margin is 60.0% (peer median 8.4%).
Valuation It trades at 4.2× enterprise value to sales against a peer median of 1.6× (3rd most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 5% a year for seven years (Req g). Recent delivered growth is +17%, so the hurdle is -12 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 27.4 points above its cost of capital (13.9% WACC).
Next results Next results expected around 27 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥2.77B | CN¥833M | CN¥557M | CN¥1.19B | CN¥2.98B |
| Revenue growth | — | +49% | -53% | -60% | — |
| Gross profit | CN¥2.16B | CN¥416M | CN¥256M | CN¥638M | CN¥1.54B |
| EBITDA | n/a | CN¥308M | CN¥168M | CN¥350M | CN¥1.33B |
| Net income | CN¥1.61B | CN¥279M | CN¥215M | CN¥380M | CN¥2.44B |
| Free cash flow | CN¥655M | CN¥74.6M | CN¥296M | -CN¥19.6M | CN¥1.74B |
| Capital expenditure | CN¥314M | CN¥264M | CN¥298M | CN¥297M | CN¥136M |
| Total debt | CN¥190M | CN¥327M | CN¥73.8M | CN¥174M | CN¥78.3M |
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 | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| YOUNGY 002192.SZ | $2.03B | -52% | +315% | 60% | 4.2× | 4.9% |
| Tianqi Lithium 002466.SZ | $8.97B | -54% | +104% | 57% | 3.5× | -1.2% |
| Ganfeng Lithium 002460.SZ | $9.71B | -57% | +128% | 18% | 2.3× | 4.4% |
| Sichuan Yahua Industrial 002497.SZ | $2.48B | -56% | +69% | 18% | 1.4× | n/a |
| Zangge Mining 000408.SZ | $15.5B | -26% | +35% | 51% | 22.1× | 22.0% |
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 | 002192.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -9.2% | +0.9% | 5th lowest of 21 |
| 6-month return | -52.5% | -19.7% | lowest of 20 |
| Distance from 52-week high | -54.8% | -36.7% | 2nd lowest of 21 |
| Revenue growth (TTM) | +315.1% | -0.9% | highest of 21 |
| Operating margin | 60.0% | 8.4% | highest of 20 |
| EV / Sales | 4.2× | 1.6× | 3rd most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 4.9% | 8.9% | 6th least demanding of 14 |
| Growth delivered (Del g) | +16.8% | +0.8% | 2nd highest of 14 |
| Hurdle (Req g minus delivered) | -11.9 pp | -1.7 pp | 2nd least demanding of 14 |
| ROIC minus cost of capital | +27.4 pp | -3.2 pp | highest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| YOUNGY 002192.SZ | China | $2.03B | -52% | +315% | 60% | 4.2× | 4.9% | +16.8% |
| Sichuan Hexie Shuangma 000935.SZ | China | $1.98B | -35% | -14% | 15% | 13.0× | n/a | n/a |
| Titan America TTAM | United States | $2.08B | -32% | +5% | 15% | 1.5× | 1.0% | +6.9% |
| SigmaRoc SRC.L | United Kingdom | $1.95B | +14% | +4% | 15% | 1.9× | 12.4% | +52.8% |
| Gansu Shangfeng Materials 000672.SZ | China | $1.88B | -6% | -23% | 7% | 3.3× | 10.2% | -6.1% |
| BBMG 2009.HK | Hong Kong | $1.87B | -20% | -22% | -4% | 2.3× | 42.3% | -4.0% |
| CCCC Design And Consulting 600720.SS | China | $1.73B | -24% | -10% | 12% | 0.7× | n/a | n/a |
| Imerys NK.PA | France | $2.41B | +11% | -2% | 6% | 1.1× | 7.4% | -2.3% |
| Breedon BREE.L | United Kingdom | $1.60B | +17% | +8% | 7% | 1.1× | 10.1% | +13.0% |
| Cementos Molins CMO.MC | Spain | $2.70B | n/a | +14% | 12% | 3.2× | 8.9% | +12.5% |
| Cementir CEM.MI | Italy | $2.70B | +5% | -2% | 13% | 1.4× | 4.3% | +6.0% |
| FangDa Carbon New Material 600516.SS | China | $2.74B | -20% | +17% | -4% | 2.8× | n/a | n/a |
| China National Building Material 3323.HK | Hong Kong | $2.76B | -51% | 0% | 2% | 1.8× | 25.1% | -7.7% |
| Fsilon Furnishing and Construction Materials 605318.SS | China | $1.36B | -29% | -15% | -5% | 18.3× | n/a | n/a |
| Taiheiyo Cement 5233.T | Japan | $3.03B | +19% | +1% | 8% | 1.0× | 0.8% | +0.8% |
| BBMG Jidong Cement 000401.SZ | China | $1.35B | -21% | -8% | n/a | 1.2× | 37.1% | -7.0% |
| Guangdong Tapai 002233.SZ | China | $1.34B | -10% | -11% | 7% | 0.9× | -15.3% | -10.2% |
| West China Cement 2233.HK | Hong Kong | $1.30B | -29% | -10% | 15% | 2.4× | n/a | n/a |
| Knife River KNF | United States | $3.20B | -38% | +11% | 9% | 1.4× | n/a | n/a |
| Caltagirone CALT.MI | Italy | $1.26B | +1% | +10% | 10% | 1.1× | 0.9% | +10.5% |
| Shandong Fiberglass 605006.SS | China | $1.25B | +10% | +31% | 5% | 3.9× | n/a | n/a |