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Chinese maker of lithium chemicals (lithium hydroxide/carbonate) for EV batteries and civil explosives for mining.
Chinese maker of lithium chemicals (lithium hydroxide/carbonate) for EV batteries and civil explosives for mining.
Lithium compounds are sold under supply contracts to battery-material makers and priced off the lithium market, so that line swings with lithium prices. Civil explosives are a licensed, slower-moving business selling to mines and construction projects.
Moat: narrow (scale, customer qualification). Qualified long-term lithium supply agreements with major EV battery customers.
Headquarters: Chengdu, China · Founded: 1993 · Employees: 5,598
Size Sichuan Yahua Industrial (002497.SZ) is a China Materials company (Industrial Specialties) with a market value of $2.48B, the 1040th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥13.41 on 6 Nov 2026.
Performance Over six months the shares fell 56.3%, against +3.8% for the median peer and -16.4% for the China market (cap-weighted) — lowest of 20 in its peer set.
Growth Revenue grew 68.5% over the last twelve months (peer median +12.9%); the operating margin is 18.3% (peer median 11.2%).
Valuation It trades at 6.2× forward earnings against a peer median of 33.9× (cheapest of 16).
Capital Return on invested capital runs 3.8 points above its cost of capital (11.5% WACC).
Next results Next results expected around 23 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥13.2B | CN¥8.53B | CN¥7.70B | CN¥11.9B | CN¥14.4B |
| Revenue growth | — | +11% | -35% | -18% | — |
| Gross profit | CN¥4.40B | CN¥1.76B | CN¥1.20B | CN¥1.50B | CN¥6.34B |
| EBITDA | n/a | CN¥1.55B | CN¥739M | -CN¥149M | CN¥5.72B |
| Net income | CN¥1.79B | CN¥632M | CN¥257M | CN¥40.2M | CN¥4.54B |
| Free cash flow | -CN¥989M | -CN¥815M | CN¥469M | CN¥238M | CN¥1.19B |
| Capital expenditure | CN¥336M | CN¥313M | CN¥559M | CN¥621M | CN¥169M |
| Total debt | CN¥2.99B | CN¥1.66B | CN¥1.54B | CN¥2.30B | CN¥1.81B |
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 |
|---|---|---|---|---|---|---|
| Sichuan Yahua Industrial 002497.SZ | $2.48B | -56% | +69% | 18% | 6.2× | 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% |
| Albemarle ALB | $11.7B | -51% | +18% | 14% | 11.3× | 10.9% |
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 | 002497.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -14.7% | -13.3% | 11th highest of 21 |
| 6-month return | -56.3% | +3.8% | lowest of 20 |
| Distance from 52-week high | -58.1% | -29.0% | 4th lowest of 21 |
| Revenue growth (TTM) | +68.5% | +12.9% | 2nd highest of 21 |
| Operating margin | 18.3% | 11.2% | 5th highest of 21 |
| Forward P/E | 6.2× | 33.9× | cheapest of 16 |
| ROIC minus cost of capital | +3.8 pp | -0.1 pp | 6th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Sichuan Yahua Industrial 002497.SZ | China | $2.48B | -56% | +69% | 18% | 6.2× | n/a | n/a |
| Quanzhou Jiadeli Electronic Materials 603435.SS | China | $2.49B | n/a | +4% | 38% | n/a | n/a | n/a |
| Shaanxi Huaqin Technology Industry 688281.SS | China | $2.50B | -18% | +31% | 15% | 34.7× | 27.5% | +24.7% |
| Xizang Gaozheng Civil Explosives 002827.SZ | China | $2.53B | +92% | -1% | 12% | 108.9× | n/a | n/a |
| Pamica Technology 001359.SZ | China | $2.41B | -1% | +23% | 23% | 36.2× | 38.0% | +12.1% |
| Shenzhen Leading Semiconductor Industry 603991.SS | China | $2.60B | +12% | +996% | 10% | n/a | 21.7% | +12.0% |
| UFP Technologies UFPT | United States | $2.35B | +32% | +9% | 15% | 28.3× | 17.8% | +27.4% |
| Zeon 4205.T | Japan | $2.34B | +6% | +4% | 11% | 9.1× | -1.5% | +6.4% |
| DIC 4631.T | Japan | $2.68B | +25% | +6% | 7% | 9.3× | -1.0% | +8.5% |
| H.B. Fuller FUL | United States | $2.68B | -19% | +1% | 11% | 9.5× | 3.5% | +4.5% |
| Henan Huanghe Whirlwind 600172.SS | China | $2.27B | +29% | +13% | -30% | n/a | n/a | n/a |
| GCL Technology 3800.HK | Hong Kong | $2.71B | -30% | +25% | -22% | n/a | n/a | n/a |
| Grindwell Norton GRINDWELL.NS | India | $2.25B | +16% | +14% | 16% | 39.5× | 37.8% | +13.4% |
| Jiangsu Shemar Electric 603530.SS | China | $2.23B | -44% | +17% | 29% | 26.2× | 23.4% | +21.1% |
| Jiangsu Pacific Quartz 603688.SS | China | $2.78B | -38% | +15% | 10% | 82.1× | n/a | n/a |
| Zhejiang Fulai New Material 605488.SS | China | $2.21B | +47% | +19% | 2% | 134.6× | 31.8% | +17.6% |
| Flat Glass 6865.HK | Hong Kong | $2.87B | -40% | -20% | -2% | n/a | 11.2% | +19.1% |
| Carborundum Universal CARBORUNIV.NS | India | $2.10B | +4% | +12% | 7% | 44.5× | 43.4% | +14.6% |
| WD-40 WDFC | United States | $2.97B | +6% | +11% | 16% | 33.9× | 2.2% | +7.1% |
| Anhui Jiangnan Chemical Industry 002226.SZ | China | $2.07B | -3% | +13% | 11% | 16.8× | -3.0% | +20.5% |
| Himadri Speciality Chemical HSCL.NS | India | $3.04B | -8% | +25% | 20% | 31.9× | n/a | n/a |