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Chinese lithium chemicals producer converting spodumene ore into lithium hydroxide and carbonate for battery makers.
Chinese lithium chemicals producer converting spodumene ore into lithium hydroxide and carbonate for battery makers.
In one line: China's Livent/Albemarle (lithium chemicals).
Moat: none (scale). Commodity lithium-chemical converter with margins highly sensitive to lithium price swings.
Headquarters: Ganzhou, China · Founded: 2011 · Employees: 3,959
Size Canmax Technologies (300390.SZ) is a China Materials company (Chemicals: Specialty) with a market value of $5.62B, the 446th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥39.44 on 6 Nov 2026.
Performance Over six months the shares fell 64.3%, against -8.4% for the median peer and -16.4% for the China market (cap-weighted) — lowest of 21 in its peer set.
Growth Revenue grew 97.7% over the last twelve months (peer median +10.6%); the operating margin is 26.8% (peer median 13.3%).
Valuation It trades at 7.3× forward earnings against a peer median of 22.1× (4th cheapest of 20).
Capital Return on invested capital runs 2.5 points below its cost of capital (14.0% WACC).
Next results Next results expected around 23 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥13.3B | CN¥7.54B | CN¥6.60B | CN¥10.4B | CN¥16.9B |
| Revenue growth | — | +14% | -37% | -38% | — |
| Gross profit | CN¥4.90B | CN¥1.00B | CN¥1.42B | CN¥2.83B | CN¥10.8B |
| EBITDA | n/a | CN¥913M | CN¥1.21B | CN¥2.20B | CN¥10.4B |
| Net income | CN¥2.88B | CN¥402M | CN¥834M | CN¥1.66B | CN¥6.59B |
| Free cash flow | -CN¥181M | -CN¥3.55B | CN¥988M | CN¥2.00B | CN¥4.59B |
| Capital expenditure | CN¥1.02B | CN¥3.36B | CN¥608M | CN¥2.37B | CN¥1.86B |
| Total debt | CN¥8.97B | CN¥6.33B | CN¥2.29B | CN¥2.92B | CN¥4.04B |
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 |
|---|---|---|---|---|---|---|
| Canmax Technologies 300390.SZ | $5.62B | -64% | +98% | 27% | 7.3× | n/a |
| Tianqi Lithium 002466.SZ | $8.97B | -54% | +104% | 57% | 9.0× | -1.2% |
| Ganfeng Lithium 002460.SZ | $9.71B | -57% | +128% | 18% | 11.5× | 4.4% |
| Qinghai Salt Lake Industry 000792.SZ | $17.8B | -41% | +48% | 57% | 9.9× | -2.7% |
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 | 300390.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -21.9% | -3.0% | 4th lowest of 21 |
| 6-month return | -64.3% | -8.4% | lowest of 21 |
| Distance from 52-week high | -66.9% | -29.5% | 2nd lowest of 21 |
| Revenue growth (TTM) | +97.7% | +10.6% | highest of 21 |
| Operating margin | 26.8% | 13.3% | 3rd highest of 21 |
| Forward P/E | 7.3× | 22.1× | 4th cheapest of 20 |
| ROIC minus cost of capital | -2.5 pp | +0.4 pp | 4th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Canmax Technologies 300390.SZ | China | $5.62B | -64% | +98% | 27% | 7.3× | n/a | n/a |
| LB Group Co., Ltd. Class A 002601.SZ | China | $5.58B | -8% | +7% | 7% | 22.4× | 5.0% | +12.9% |
| Coromandel International COROMANDEL.NS | India | $5.69B | -7% | +24% | 8% | 27.3× | n/a | n/a |
| Zhejiang Longsheng 600352.SS | China | $5.70B | -11% | -1% | 19% | 13.7× | -5.2% | -3.1% |
| Nissan Chemical 4021.T | Japan | $5.72B | 0% | +10% | 23% | 15.9× | 9.3% | +6.0% |
| Kingboard 0148.HK | Hong Kong | $5.78B | -17% | +19% | 15% | 5.0× | n/a | n/a |
| Gujarat Fluorochemicals FLUOROCHEM.NS | India | $5.42B | +23% | +20% | 17% | 53.0× | n/a | n/a |
| Inner Mongolia Junzheng Energy & Chemical 601216.SS | China | $5.92B | -16% | +3% | 11% | 12.0× | -3.4% | +11.3% |
| Hoshine Silicon Industry 603260.SS | China | $5.32B | -33% | -7% | -6% | 41.7× | 22.5% | +18.5% |
| Methanex MX.TO | Canada | $5.18B | +12% | +31% | 23% | 6.9× | -9.4% | +7.1% |
| Shenzhen Capchem Technology 300037.SZ | China | $6.16B | -21% | +72% | 13% | 19.0× | 19.3% | +26.6% |
| Celanese CE | United States | $5.10B | -19% | +1% | 9% | 7.6× | 5.3% | +11.0% |
| Linde India LINDEINDIA.NS | India | $6.20B | -13% | +13% | 22% | 97.2× | 47.9% | +11.5% |
| Haohua Chemical Science & Technology 600378.SS | China | $6.29B | -9% | +20% | 9% | 22.1× | 11.0% | +25.2% |
| NewMarket NEU | United States | $6.39B | +1% | +1% | 20% | n/a | -0.8% | +6.3% |
| SOL SOL.MI | Italy | $6.39B | +6% | +9% | 14% | 30.5× | 16.9% | +12.8% |
| Sumitomo Chemical 4005.T | Japan | $4.93B | -7% | -2% | 5% | 6.9× | 1.1% | +0.4% |
| Navin Fluorine International NAVINFLUOR.NS | India | $4.89B | +27% | +46% | 30% | 45.6× | 34.0% | +22.7% |
| Dottikon ES DESN.SW | Switzerland | $4.72B | -24% | +11% | 27% | 37.6× | 12.6% | +14.4% |
| Red Avenue New Materials 603650.SS | China | $4.70B | -12% | +24% | 9% | 40.7× | n/a | n/a |
| Tosoh 4042.T | Japan | $4.69B | -4% | -1% | 11% | 11.4× | -1.5% | +6.8% |