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Shandong maker of high-performance NdFeB permanent magnets, mainly supplying electric-vehicle motor makers.
Shandong maker of high-performance NdFeB permanent magnets, mainly supplying electric-vehicle motor makers.
Sells made-to-order magnets directly to motor makers, with Chinese EV makers the largest buyers, and prices that follow the cost of the rare-earth metals inside. Each magnet grade is approved by the customer, which keeps supply relationships for years. It is setting up plants abroad so it can supply carmakers near their own factories.
In one line: A Chinese NdFeB magnet supplier feeding EV motors.
Moat: narrow (customer qualification, process know-how). NEV makers made up 62% of 2025 revenue; qualified magnet supply relationships are sticky.
Headquarters: Yantai, Shandong, China · Founded: 2000 · Employees: 3,318
Size Yantai Zhenghai Magnetic Material (300224.SZ) is a China Materials company (Other Metals/Minerals) with a market value of $1.79B, the 1396th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥13.14 on 6 Nov 2026.
Performance Over six months the shares fell 0.6%, against -28.2% for the median peer and -16.4% for the China market (cap-weighted) — 3rd highest of 21 in its peer set.
Growth Revenue grew 16.0% over the last twelve months (peer median +20.0%); the operating margin is 4.6% (peer median 7.2%).
Valuation It trades at 29.9× forward earnings against a peer median of 20.8× (6th most expensive of 18).
Price implies For today's price to make sense, revenue must grow about 20% a year for seven years (Req g). Recent delivered growth is +29%, so the hurdle is -9 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 3.5 points below its cost of capital (9.6% WACC).
Next results Next results expected around 30 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥7.78B | CN¥7.03B | CN¥5.53B | CN¥5.85B | CN¥6.31B |
| Revenue growth | — | +27% | -6% | -7% | — |
| Gross profit | CN¥1.10B | CN¥881M | CN¥701M | CN¥1.01B | CN¥873M |
| EBITDA | n/a | CN¥474M | CN¥310M | CN¥656M | CN¥511M |
| Net income | CN¥379M | CN¥307M | CN¥92.3M | CN¥448M | CN¥404M |
| Free cash flow | CN¥354M | CN¥59.0M | CN¥154M | CN¥345M | -CN¥242M |
| Capital expenditure | CN¥73.1M | CN¥86.8M | CN¥210M | CN¥396M | CN¥483M |
| Total debt | CN¥3.27B | CN¥2.77B | CN¥3.37B | CN¥3.46B | CN¥4.11B |
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 |
|---|---|---|---|---|---|---|
| Yantai Zhenghai Magnetic Material 300224.SZ | $1.79B | -1% | +16% | 5% | 29.9× | 20.1% |
| Beijing Zhong Ke San Huan High-Tech 000970.SZ | $1.87B | -16% | +11% | 3% | 65.8× | n/a |
| 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% |
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 | 300224.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +15.2% | -9.0% | highest of 21 |
| 6-month return | -0.6% | -28.2% | 3rd highest of 21 |
| Distance from 52-week high | -33.6% | -48.2% | 6th highest of 21 |
| Revenue growth (TTM) | +16.0% | +20.0% | 10th lowest of 20 |
| Operating margin | 4.6% | 7.2% | 10th lowest of 20 |
| Forward P/E | 29.9× | 20.8× | 6th most expensive of 18 |
| Growth the price implies (Req g, 7 yrs) | 20.1% | 9.6% | 3rd most demanding of 9 |
| Growth delivered (Del g) | +29.2% | +16.5% | highest of 8 |
| Hurdle (Req g minus delivered) | -9.1 pp | -4.4 pp | 3rd least demanding of 8 |
| ROIC minus cost of capital | -3.5 pp | -4.4 pp | 10th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Yantai Zhenghai Magnetic Material 300224.SZ | China | $1.79B | -1% | +16% | 5% | 29.9× | 20.1% | +29.2% |
| Energy Fuels EFR.TO | Canada | $1.78B | -70% | +70% | -79% | 61.7× | n/a | n/a |
| Nickel Industries NIC.AX | Australia | $1.78B | -46% | -3% | 10% | 10.4× | 13.1% | +27.5% |
| Iluka Resources ILU.AX | Australia | $1.77B | -30% | -20% | -29% | n/a | n/a | n/a |
| Baoji Titanium Industry 600456.SS | China | $1.76B | -26% | +14% | 7% | 26.4× | n/a | n/a |
| Jiangsu ToLand Alloy 300855.SZ | China | $1.83B | -21% | +75% | 28% | 26.5× | n/a | n/a |
| Yellow Cake YCA.L | United Kingdom | $1.74B | -12% | n/a | n/a | 10.6× | n/a | n/a |
| RHI Magnesita RHIM.L | United Kingdom | $1.74B | +2% | -1% | 11% | 6.9× | 3.0% | +7.5% |
| Beijing Zhong Ke San Huan High-Tech 000970.SZ | China | $1.87B | -16% | +11% | 3% | 65.8× | n/a | n/a |
| Atalaya Mining Copper ATYM.L | United Kingdom | $1.71B | -2% | +20% | 29% | 7.8× | 6.5% | +13.0% |
| Denison Mines DML.TO | Canada | $2.00B | -39% | -9% | -2,101% | n/a | n/a | n/a |
| CGN Mining 1164.HK | Hong Kong | $2.03B | -47% | +15% | 2% | 20.8× | 33.0% | +19.1% |
| Lianyou Metals 7610.TW | Taiwan | $2.03B | +89% | +238% | 56% | 11.4× | n/a | n/a |
| Henan Liliang Diamond 301071.SZ | China | $2.03B | -2% | +73% | 21% | 45.0× | 28.0% | +20.9% |
| Tibet Summit Resources 600338.SS | China | $1.56B | -59% | +54% | 30% | n/a | 12.8% | +16.5% |
| China Kings Resources 603505.SS | China | $1.55B | -33% | -11% | -1% | 46.2× | n/a | n/a |
| Anhui Jingcheng Copper Share 002171.SZ | China | $2.07B | -22% | +35% | 1% | 22.0× | n/a | n/a |
| Jiaxin International Resources Investment 3858.HK | Hong Kong | $2.08B | -56% | +2,782% | 65% | 6.1× | -6.4% | n/a |
| Baowu Magnesium Technology 002182.SZ | China | $1.54B | -34% | +4% | 0% | 74.0× | n/a | n/a |
| Guangdong Jia Yuan Technology Shares 688388.SS | China | $2.12B | -38% | +81% | 4% | 17.9× | n/a | n/a |
| Nexa Resources NEXA | United States | $1.51B | -20% | +27% | 22% | 3.0× | -17.4% | +8.9% |