Loading…
Metals and minerals trading arm of state conglomerate China Minmetals, dealing steel, coking coal and ores.
Metals and minerals trading arm of state conglomerate China Minmetals, dealing steel, coking coal and ores.
Buys and resells steel, coal and ores to end users and steel mills, earning a thin margin per tonne, so volumes handled and inventory and credit risk matter more than any product advantage. China Minmetals, the state-owned metals group, controls it.
Moat: none (scale, distribution). Trading-volume scale under the Minmetals group name, but thin margins typical of commodity trading.
Headquarters: Beijing, China · Employees: 2,582
Size Minmetals Development (600058.SS) is a China Industrials company (Wholesale Distributors) with a market value of $1.40B, the 1734th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥8.72 on 6 Nov 2026.
Performance Over six months the shares fell 21.6%, against -3.0% for the median peer and -16.4% for the China market (cap-weighted) — 8th lowest of 20 in its peer set.
Growth Revenue fell 16.2% over the last twelve months (peer median +6.4%); the operating margin is 0.5% (peer median 8.6%).
Valuation It trades at 0.4× enterprise value to sales against a peer median of 1.3× (4th cheapest of 21).
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 -5%, so the hurdle is +25 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 4.5 points below its cost of capital (6.4% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥47.6B | CN¥52.8B | CN¥67.2B | CN¥79.0B | CN¥81.4B |
| Revenue growth | — | -21% | -15% | -3% | — |
| Gross profit | CN¥1.75B | CN¥1.72B | CN¥2.06B | CN¥2.30B | CN¥2.84B |
| EBITDA | n/a | CN¥661M | CN¥749M | CN¥1.15B | CN¥1.47B |
| Net income | -CN¥94.7M | CN¥19.1M | CN¥126M | CN¥199M | CN¥366M |
| Free cash flow | CN¥957M | CN¥1.14B | CN¥1.75B | CN¥254M | CN¥1.46B |
| Capital expenditure | CN¥55.8M | CN¥84.0M | CN¥67.1M | CN¥65.7M | CN¥35.1M |
| Total debt | CN¥13.0B | CN¥12.2B | CN¥12.9B | CN¥11.3B | CN¥11.3B |
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 |
|---|---|---|---|---|---|---|
| Minmetals Development 600058.SS | $1.40B | -22% | -16% | 1% | 0.4× | 20.4% |
| Wuchan Zhongda 600704.SS | $3.86B | 0% | +3% | 1% | 0.2× | -2.5% |
| Xiamen C&D 600153.SS | $3.77B | -8% | -6% | 1% | 0.5× | 21.2% |
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 | 600058.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +0.5% | -2.9% | 7th highest of 21 |
| 6-month return | -21.6% | -3.0% | 8th lowest of 20 |
| Distance from 52-week high | -47.4% | -31.6% | 6th lowest of 21 |
| Revenue growth (TTM) | -16.2% | +6.4% | 3rd lowest of 21 |
| Operating margin | 0.5% | 8.6% | 2nd lowest of 21 |
| EV / Sales | 0.4× | 1.3× | 4th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | 20.4% | -4.2% | 4th most demanding of 16 |
| Growth delivered (Del g) | -4.7% | +7.6% | 3rd lowest of 16 |
| Hurdle (Req g minus delivered) | +25.1 pp | -6.2 pp | 3rd most demanding of 16 |
| ROIC minus cost of capital | -4.5 pp | +0.8 pp | 5th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Minmetals Development 600058.SS | China | $1.40B | -22% | -16% | 1% | 0.4× | 20.4% | -4.7% |
| ADI Global Distribution ADIG | United States | $1.39B | n/a | +14% | 4% | 0.4× | n/a | n/a |
| Hour Glass AGS.SI | Singapore | $1.38B | +10% | +18% | 15% | 1.3× | -8.7% | +12.5% |
| Mitani 8066.T | Japan | $1.45B | +4% | +1% | 10% | 0.3× | -12.2% | -3.1% |
| Shanghai Luoman Technologies 605289.SS | China | $1.35B | -45% | +170% | 13% | 3.6× | 36.2% | +25.7% |
| ZheJiang Dong Ri 600113.SS | China | $1.48B | -46% | -1% | 16% | 13.1× | 38.5% | +7.6% |
| Taikisha 1979.T | Japan | $1.32B | -5% | -1% | 8% | 0.5× | -13.3% | +7.2% |
| Inabata & 8098.T | Japan | $1.31B | +6% | +5% | 3% | 0.3× | -7.8% | +7.6% |
| Electrolux Professional EPRO-B.ST | Sweden | $1.52B | +20% | -4% | 10% | 1.4× | 4.9% | +10.9% |
| Gansu Guofang Industry & Trade (Group) 601086.SS | China | $1.27B | +42% | +17% | 7% | 9.3× | 33.6% | -4.8% |
| Xinjiang Zhongtai Chemical 002092.SZ | China | $1.57B | -41% | +7% | 3% | 1.4× | -4.2% | -19.5% |
| Redox RDX.AX | Australia | $1.22B | +2% | +7% | 11% | 1.3× | -7.8% | +10.8% |
| Hillman Solutions HLMN | United States | $1.62B | +6% | +6% | 6% | 1.6× | 17.9% | +2.6% |
| Distribution Solutions DSGR | United States | $1.62B | +27% | +6% | 4% | 1.2× | 15.5% | +41.3% |
| Chengdu Haoneng Technology 603809.SS | China | $1.16B | -23% | +18% | 10% | 3.7× | n/a | n/a |
| Techstorm Advanced Material 601026.SS | China | $1.16B | -33% | +8% | 6% | 2.4× | n/a | n/a |
| Imdex IMD.AX | Australia | $1.15B | -21% | +21% | 16% | 3.7× | 20.1% | +14.5% |
| Norinco International Cooperation 000065.SZ | China | $1.72B | -23% | -21% | 9% | 1.0× | -5.1% | +1.1% |
| Anhui Xinhua Media 601801.SS | China | $1.72B | -3% | -16% | 4% | 0.3× | n/a | n/a |
| Daiichikosho 7458.T | Japan | $1.13B | +6% | +4% | 11% | 1.2× | -6.0% | +11.8% |
| Innovation Medical Management 002173.SZ | China | $1.12B | -29% | -13% | -18% | 10.2× | n/a | n/a |