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Controlled by China Rare Earth Group; mines, separates and processes rare earths and also tungsten and copper; formerly Rising Nonferrous.
Controlled by China Rare Earth Group; mines, separates and processes rare earths and also tungsten and copper; formerly Rising Nonferrous.
Sells rare-earth oxides and metals, whose prices swing with Chinese demand and state quota policy. The government controls mining and smelting quotas and merged the industry into a few state-owned groups in 2021, and this company sits inside that state-linked structure.
In one line: A China-based rare-earth mining/processing group.
Moat: narrow (resource access, regulatory licence). State-linked access to rare-earth mining quotas, a tightly regulated Chinese resource.
Headquarters: Guangzhou, China · Employees: 938
Size China Rare Earth Nonferrous Metals (600259.SS) is a China Materials company (Other Metals/Minerals) with a market value of $3.13B, the 829th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥61.99 on 6 Nov 2026.
Performance Over six months the shares fell 32.6%, against -30.3% for the median peer and -16.4% for the China market (cap-weighted) — 10th highest of 19 in its peer set.
Growth Revenue fell 42.6% over the last twelve months (peer median +27.9%); the operating margin is 3.6% (peer median 12.4%).
Valuation It trades at 34.1× forward earnings against a peer median of 13.5× (6th most expensive of 15).
Capital Return on invested capital runs 9.7 points below its cost of capital (12.8% WACC).
Next results Next results expected around 26 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥4.87B | CN¥5.81B | CN¥12.6B | CN¥20.7B | CN¥22.8B |
| Revenue growth | — | -54% | -39% | -9% | — |
| Gross profit | CN¥662M | CN¥310M | CN¥124M | CN¥506M | CN¥624M |
| EBITDA | n/a | CN¥112M | -CN¥268M | CN¥282M | CN¥334M |
| Net income | CN¥752M | CN¥128M | -CN¥299M | CN¥203M | CN¥232M |
| Free cash flow | -CN¥87.3M | CN¥859M | -CN¥81.9M | -CN¥740M | -CN¥1.21B |
| Capital expenditure | CN¥187M | CN¥149M | CN¥191M | CN¥265M | CN¥839M |
| Total debt | CN¥2.40B | CN¥2.29B | CN¥2.77B | CN¥2.58B | CN¥2.20B |
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 |
|---|---|---|---|---|---|---|
| China Rare Earth Nonferrous Metals 600259.SS | $3.13B | -33% | -43% | 4% | 34.1× | n/a |
| China Northern Rare Earth (Group) High-Tech 600111.SS | $19.6B | -31% | +29% | 11% | 28.5× | 24.6% |
| China Rare Earth Resources And Technology 000831.SZ | $7.57B | -7% | -2% | 15% | 103.1× | 53.1% |
| Shenghe Resources 600392.SS | $4.09B | -40% | +34% | 8% | 16.2× | n/a |
| Lynas Rare Earths LYC.AX | $8.58B | -38% | +76% | 25% | 26.7× | 34.3% |
| MP Materials MP | $6.31B | -47% | +72% | -17% | 248.7× | n/a |
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 | 600259.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -11.6% | -19.1% | 5th highest of 21 |
| 6-month return | -32.6% | -30.3% | 10th highest of 19 |
| Distance from 52-week high | -48.1% | -60.0% | 6th highest of 21 |
| Revenue growth (TTM) | -42.6% | +27.9% | 2nd lowest of 20 |
| Operating margin | 3.6% | 12.4% | 5th lowest of 20 |
| Forward P/E | 34.1× | 13.5× | 6th most expensive of 15 |
| ROIC minus cost of capital | -9.7 pp | -0.3 pp | 3rd lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| China Rare Earth Nonferrous Metals 600259.SS | China | $3.13B | -33% | -43% | 4% | 34.1× | n/a | n/a |
| Ningxia Orient Tantalum Industry 000962.SZ | China | $3.08B | -11% | +43% | 12% | 54.0× | n/a | n/a |
| Chongyi Zhangyuan Tungsten 002378.SZ | China | $3.18B | -48% | +105% | 12% | n/a | n/a | n/a |
| Hunan Silver 002716.SZ | China | $3.19B | -35% | +50% | 4% | n/a | n/a | n/a |
| Ero Copper ERO.TO | Canada | $3.03B | +10% | +106% | 40% | 5.9× | 0.4% | +20.4% |
| North Copper 000737.SZ | China | $2.97B | -28% | +54% | 9% | n/a | -3.9% | +26.8% |
| Zhejiang Wazam New Material 603186.SS | China | $3.33B | +79% | +60% | 14% | 58.0× | 24.9% | +13.9% |
| NGEx Minerals NGEX.TO | Canada | $3.37B | -15% | n/a | n/a | n/a | n/a | n/a |
| Zhuzhou Smelter 600961.SS | China | $2.85B | -33% | +23% | 12% | 6.7× | -1.6% | +8.5% |
| Uranium Energy UEC | United States | $3.43B | -54% | -44% | -358% | n/a | n/a | n/a |
| Shenzhen Zhongjin Lingnan Nonfemet 000060.SZ | China | $3.43B | -24% | +16% | 3% | 17.8× | n/a | n/a |
| Suzhou Kematek 301611.SZ | China | $3.48B | -36% | +18% | 15% | 128.5× | n/a | n/a |
| Lygend Resources And Technology 001246.SZ | China | $3.48B | n/a | +28% | 19% | 8.9× | -5.9% | +39.8% |
| Chengxin Lithium 002240.SZ | China | $2.79B | -66% | +226% | 20% | 11.3× | n/a | n/a |
| Dowa 5714.T | Japan | $2.78B | -22% | +29% | 6% | 6.9× | n/a | n/a |
| Western Metal Materials 002149.SZ | China | $2.76B | -41% | +3% | 0% | 139.8× | 54.3% | +9.7% |
| Shengda Resources 000603.SZ | China | $2.75B | -27% | +25% | 47% | 15.8× | 12.8% | +8.5% |
| GuoCheng Mining 000688.SZ | China | $3.57B | -60% | +193% | 50% | 11.2× | 3.3% | +39.6% |
| Sanxiang Advanced Materials 603663.SS | China | $2.65B | -10% | +5% | 18% | 44.4× | 48.1% | +9.7% |
| IGO IGO.AX | Australia | $2.60B | -45% | -12% | -31% | 8.9× | 17.2% | -6.5% |
| Changyu 603407.SS | China | $2.59B | n/a | +9% | 16% | n/a | 51.8% | +2.2% |