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Sichuan-based lithium chemicals producer making battery-grade lithium carbonate and hydroxide, with lithium mines in China and Argentina.
Sichuan-based lithium chemicals producer making battery-grade lithium carbonate and hydroxide, with lithium mines in China and Argentina.
Sells lithium chemicals at prices that track the lithium spot market, so earnings swing with the lithium price as well as with volume. Owning ore and brine supply lets it earn the mining margin as well as the chemical-processing margin, and reduces reliance on buying raw material from others.
Moat: narrow (scale, customer qualification). Upstream ownership of lithium resources (incl. Argentine brine/spodumene assets) supports cost position.
Headquarters: Chengdu, Sichuan, China · Employees: 4,741
Size Chengxin Lithium (002240.SZ) is a China Materials company (Other Metals/Minerals) with a market value of $2.79B, the 916th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥20.57 on 6 Nov 2026.
Performance Over six months the shares fell 65.8%, against -27.3% for the median peer and -16.4% for the China market (cap-weighted) — lowest of 20 in its peer set.
Growth Revenue grew 225.7% over the last twelve months (peer median +37.8%); the operating margin is 20.5% (peer median 11.5%).
Valuation It trades at 11.3× forward earnings against a peer median of 15.6× (6th cheapest of 15).
Capital Return on invested capital runs 2.4 points above its cost of capital (9.0% WACC).
Next results Next results expected around 31 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥13.6B | CN¥5.04B | CN¥4.57B | CN¥7.86B | CN¥11.9B |
| Revenue growth | — | +10% | -42% | -34% | — |
| Gross profit | CN¥4.50B | CN¥780M | CN¥31.5M | CN¥852M | CN¥7.07B |
| EBITDA | n/a | CN¥693M | -CN¥116M | CN¥613M | CN¥6.92B |
| Net income | CN¥1.10B | -CN¥888M | -CN¥622M | CN¥702M | CN¥5.55B |
| Free cash flow | -CN¥397M | CN¥140M | -CN¥825M | -CN¥1.32B | CN¥708M |
| Capital expenditure | CN¥746M | CN¥930M | CN¥2.28B | CN¥3.42B | CN¥1.04B |
| Total debt | CN¥15.8B | CN¥8.53B | CN¥7.12B | CN¥5.91B | CN¥3.80B |
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 |
|---|---|---|---|---|---|---|
| Chengxin Lithium 002240.SZ | $2.79B | -66% | +226% | 20% | 11.3× | n/a |
| Ganfeng Lithium 002460.SZ | $9.71B | -57% | +128% | 18% | 11.5× | 4.4% |
| Tianqi Lithium 002466.SZ | $8.97B | -54% | +104% | 57% | 9.0× | -1.2% |
| Yongxing Special Materials Technology 002756.SZ | $2.88B | -59% | +30% | 16% | 11.2× | -2.3% |
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 | 002240.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -18.2% | -18.8% | 10th highest of 21 |
| 6-month return | -65.8% | -27.3% | lowest of 20 |
| Distance from 52-week high | -67.4% | -51.2% | lowest of 21 |
| Revenue growth (TTM) | +225.7% | +37.8% | highest of 20 |
| Operating margin | 20.5% | 11.5% | 5th highest of 20 |
| Forward P/E | 11.3× | 15.6× | 6th cheapest of 15 |
| ROIC minus cost of capital | +2.4 pp | -1.5 pp | 6th highest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| 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 |
| 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% |
| Zhuzhou Smelter 600961.SS | China | $2.85B | -33% | +23% | 12% | 6.7× | -1.6% | +8.5% |
| Sanxiang Advanced Materials 603663.SS | China | $2.65B | -10% | +5% | 18% | 44.4× | 48.1% | +9.7% |
| North Copper 000737.SZ | China | $2.97B | -28% | +54% | 9% | n/a | -3.9% | +26.8% |
| 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% |
| Ero Copper ERO.TO | Canada | $3.03B | +10% | +106% | 40% | 5.9× | 0.4% | +20.4% |
| Trekor Metals TKO.TO | Canada | $2.57B | -1% | +68% | 28% | 9.8× | n/a | n/a |
| Jinhui Mining 603132.SS | China | $2.53B | -11% | +38% | 51% | n/a | n/a | n/a |
| 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 |
| 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 |
| Ningbo Jintian Copper (Group) 601609.SS | China | $2.36B | -11% | +25% | 1% | 15.3× | n/a | n/a |
| Almonty Industries ALM | United States | $2.34B | -59% | +208% | 5% | 12.3× | n/a | n/a |
| Zhejiang Wazam New Material 603186.SS | China | $3.33B | +79% | +60% | 14% | 58.0× | 24.9% | +13.9% |
| Paladin Energy PDN.AX | Australia | $2.32B | -33% | +64% | 4% | 50.9× | n/a | n/a |
| NGEx Minerals NGEX.TO | Canada | $3.37B | -15% | n/a | n/a | n/a | n/a | n/a |