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Advanced-materials maker spun from China's national metals research institute, producing rare-metal, semiconductor and optical materials.
Advanced-materials maker spun from China's national metals research institute, producing rare-metal, semiconductor and optical materials.
Turns research from its parent, a state metals institute, into materials sold to chipmakers, electronics and defence buyers, with sputtering targets, the metal discs used to coat chips, among the products for fabs. The state-owned parent, GRINM Group, is the controlling shareholder.
Moat: narrow (process know-how, IP / patents). Backed by China's leading national metals-research institute with proprietary advanced-material processes.
Headquarters: Beijing, China · Founded: 1952 · Employees: 2,166
Size Grinm Advanced Materials (600206.SS) is a China Materials company (Other Metals/Minerals) with a market value of $4.85B, the 521st largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥38.29 on 6 Nov 2026.
Performance Over six months the shares gained 39.9%, against -31.6% for the median peer and -16.4% for the China market (cap-weighted) — highest of 21 in its peer set.
Growth Revenue grew 22.8% over the last twelve months (peer median +22.2%); the operating margin is 1.7% (peer median 17.3%).
Valuation It trades at 72.2× forward earnings against a peer median of 12.9× (3rd most expensive of 17).
Capital Return on invested capital runs 8.3 points below its cost of capital (14.5% WACC).
Next results Next results expected around 12 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥11.2B | CN¥9.54B | CN¥9.12B | CN¥10.8B | CN¥15.2B |
| Revenue growth | — | +5% | -16% | -29% | — |
| Gross profit | CN¥1.01B | CN¥827M | CN¥487M | CN¥668M | CN¥736M |
| EBITDA | n/a | CN¥483M | CN¥148M | CN¥349M | CN¥385M |
| Net income | CN¥283M | CN¥265M | CN¥148M | CN¥226M | CN¥270M |
| Free cash flow | -CN¥110M | -CN¥273M | -CN¥130M | -CN¥8.86M | -CN¥118M |
| Capital expenditure | CN¥141M | CN¥209M | CN¥97.1M | CN¥247M | CN¥301M |
| Total debt | CN¥255M | CN¥1.42B | CN¥1.05B | CN¥1.08B | CN¥942M |
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 |
|---|---|---|---|---|---|---|
| Grinm Advanced Materials 600206.SS | $4.85B | +40% | +23% | 2% | 72.2× | n/a |
| JX Advanced Metals 5016.T | $14.6B | -49% | +30% | 11% | 12.7× | 22.2% |
| Honeywell Technologies HON | $69.8B | -1% | -17% | 18% | 23.2× | 4.1% |
| Konfoong Materials International 300666.SZ | $8.09B | +9% | +35% | 10% | 53.5× | n/a |
| Sumitomo Metal Mining 5713.T | $13.2B | -19% | +22% | 14% | 8.1× | 8.5% |
| Tosoh 4042.T | $4.69B | -4% | -1% | 11% | 11.4× | -1.5% |
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 | 600206.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -14.2% | -12.8% | 10th lowest of 21 |
| 6-month return | +39.9% | -31.6% | highest of 21 |
| Distance from 52-week high | -44.8% | -52.3% | 7th highest of 21 |
| Revenue growth (TTM) | +22.8% | +22.2% | 10th highest of 20 |
| Operating margin | 1.7% | 17.3% | 3rd lowest of 20 |
| Forward P/E | 72.2× | 12.9× | 3rd most expensive of 17 |
| ROIC minus cost of capital | -8.3 pp | +3.0 pp | 4th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Grinm Advanced Materials 600206.SS | China | $4.85B | +40% | +23% | 2% | 72.2× | n/a | n/a |
| Luoyang Shenglong Mining 001257.SZ | China | $5.00B | -19% | +22% | 34% | n/a | 13.4% | +22.4% |
| Yunnan Copper 000878.SZ | China | $5.01B | -28% | +10% | 2% | 11.9× | n/a | n/a |
| Asia-Potash International Investment (Guangzhou) 000893.SZ | China | $5.08B | -32% | +40% | 36% | 11.6× | -3.3% | +72.1% |
| Zhejiang Rongtai Electric Material 603119.SS | China | $4.36B | -3% | +46% | 20% | 81.0× | 42.2% | +30.2% |
| Hindustan Copper HINDCOPPER.NS | India | $4.31B | -26% | +67% | 42% | 21.6× | 38.7% | +11.5% |
| Sichuan Hongda 600331.SS | China | $4.30B | -40% | 0% | -1% | 543.0× | n/a | n/a |
| Baiyin Nonferrous 601212.SS | China | $5.49B | -35% | 0% | 5% | n/a | n/a | n/a |
| NexGen Energy NXE.TO | Canada | $5.57B | -31% | n/a | n/a | n/a | n/a | n/a |
| Western Superconducting Technologies 688122.SS | China | $4.21B | -33% | -5% | 8% | 43.2× | 29.3% | +19.9% |
| Dazhong Mining 001203.SZ | China | $4.20B | -64% | +3% | 26% | 30.5× | n/a | n/a |
| Yunnan Tin 000960.SZ | China | $5.66B | -34% | +19% | 8% | 10.8× | 1.9% | -0.5% |
| Xinjiang Daqo New Energy 688303.SS | China | $5.69B | -20% | -23% | -62% | n/a | n/a | n/a |
| China Nonferrous Mining 1258.HK | Hong Kong | $5.73B | -19% | +11% | 28% | 7.4× | -14.6% | +5.8% |
| Shenghe Resources 600392.SS | China | $4.09B | -40% | +34% | 8% | 16.2× | n/a | n/a |
| Yunnan Chihong Zinc & Germanium 600497.SS | China | $5.76B | -15% | +29% | 10% | 13.8× | 4.4% | +4.6% |
| Sinomine Resource 002738.SZ | China | $4.06B | -59% | +18% | 31% | 11.1× | n/a | n/a |
| Nanya New Material Technology 688519.SS | China | $5.90B | -5% | +104% | 17% | 55.2× | n/a | n/a |
| Capstone Copper CS.TO | Canada | $6.01B | -8% | +30% | 32% | 9.4× | 9.8% | +40.2% |
| Chengtun Mining 600711.SS | China | $3.84B | -39% | +28% | 12% | 7.4× | n/a | n/a |
| Chuangxin Industries 2788.HK | Hong Kong | $3.82B | -43% | +23% | 23% | 5.3× | -0.8% | +8.9% |