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Guangxi state-owned miner and processor of tin, zinc, lead and copper, with deep-processed tin and indium products.
Guangxi state-owned miner and processor of tin, zinc, lead and copper, with deep-processed tin and indium products.
Mines and concentrates tin, zinc, lead-antimony and copper, selling the concentrates and a few deep-processed products, so profit follows metal prices, mined volumes and ore grade. Tin is the swing factor, and mine expansions plus asset injections from its parent group carry future volume.
Moat: narrow (mineral rights, scale). Controls the Nandan tin-polymetallic mines in Guangxi and calls its dressing base Asia's largest for tin polymetallic ore.
Headquarters: Nanning, China · Founded: 1998 · Employees: 4,822
Size Guangxi Huaxi Nonferrous Metal (600301.SS) is a China Materials company (Chemicals: Specialty) with a market value of $4.33B, the 591st largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥45.69 on 6 Nov 2026.
Performance Over six months the shares fell 15.5%, against -21.5% for the median peer and -16.4% for the China market (cap-weighted) — 8th highest of 20 in its peer set.
Growth Revenue grew 23.8% over the last twelve months (peer median +10.3%); the operating margin is 32.2% (peer median 10.2%).
Valuation It trades at 22.9× forward earnings against a peer median of 18.4× (10th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 9% a year for seven years (Req g). Recent delivered growth is +45%, so the hurdle is -36 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 15.8 points above its cost of capital (10.8% WACC).
Next results Next results expected around 28 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥6.63B | CN¥5.77B | CN¥4.60B | CN¥3.18B | CN¥2.68B |
| Revenue growth | — | +25% | +45% | +18% | — |
| Gross profit | CN¥2.97B | CN¥2.05B | CN¥1.80B | CN¥1.17B | CN¥853M |
| EBITDA | n/a | CN¥1.83B | CN¥1.58B | CN¥1.04B | CN¥787M |
| Net income | CN¥1.18B | CN¥801M | CN¥658M | CN¥350M | CN¥219M |
| Free cash flow | CN¥1.54B | CN¥1.30B | CN¥1.12B | CN¥799M | CN¥574M |
| Capital expenditure | CN¥134M | CN¥161M | CN¥114M | CN¥116M | CN¥116M |
| Total debt | CN¥800M | CN¥1.48B | CN¥1.31B | CN¥1.30B | CN¥2.29B |
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 |
|---|---|---|---|---|---|---|
| Guangxi Huaxi Nonferrous Metal 600301.SS | $4.33B | -15% | +24% | 32% | 22.9× | 9.2% |
| Yunnan Tin 000960.SZ | $5.66B | -34% | +19% | 8% | 10.8× | 1.9% |
| Zijin Mining 601899.SS | $109B | -15% | +16% | 30% | 9.6× | -10.2% |
| Western Mining 601168.SS | $9.85B | -7% | +18% | 17% | 8.2× | -5.6% |
| Shenzhen Zhongjin Lingnan Nonfemet 000060.SZ | $3.43B | -24% | +16% | 3% | 17.8× | n/a |
| Yunnan Chihong Zinc & Germanium 600497.SS | $5.76B | -15% | +29% | 10% | 13.8× | 4.4% |
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 | 600301.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -6.2% | -5.1% | 10th lowest of 21 |
| 6-month return | -15.5% | -21.5% | 8th highest of 20 |
| Distance from 52-week high | -41.2% | -38.9% | 9th lowest of 21 |
| Revenue growth (TTM) | +23.8% | +10.3% | 6th highest of 21 |
| Operating margin | 32.2% | 10.2% | 3rd highest of 21 |
| Forward P/E | 22.9× | 18.4× | 10th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 9.2% | 5.4% | 8th most demanding of 18 |
| Growth delivered (Del g) | +44.9% | +14.4% | highest of 18 |
| Hurdle (Req g minus delivered) | -35.7 pp | -1.7 pp | least demanding of 18 |
| ROIC minus cost of capital | +15.8 pp | +0.3 pp | 2nd highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Guangxi Huaxi Nonferrous Metal 600301.SS | China | $4.33B | -15% | +24% | 32% | 22.9× | 9.2% | +44.9% |
| Red Avenue New Materials 9607.HK | Hong Kong | $4.35B | n/a | +30% | 9% | 26.9× | n/a | n/a |
| Clariant CLN.SW | Switzerland | $4.32B | +46% | -7% | 10% | 16.0× | -3.4% | +0.3% |
| Jiangsu Nata Opto-electronic Material 300346.SZ | China | $4.29B | -22% | +15% | 16% | 62.1× | 35.6% | +34.2% |
| GEM 002340.SZ | China | $4.43B | -36% | +2% | 7% | 15.7× | 4.2% | +24.4% |
| Cathay Biotech 688065.SS | China | $4.22B | -19% | +9% | 18% | 38.8× | n/a | n/a |
| Far Eastern New Century 1402.TW | Taiwan | $4.49B | +8% | 0% | 6% | 11.8× | 5.3% | +4.2% |
| Do-Fluoride New Materials 002407.SZ | China | $4.06B | -36% | +69% | 7% | 38.0× | 19.2% | +17.5% |
| Zhejiang Sanmei Chemical Industry 603379.SS | China | $4.64B | -22% | +24% | 41% | 13.5× | 5.4% | +16.5% |
| Tosoh 4042.T | Japan | $4.69B | -4% | -1% | 11% | 11.4× | -1.5% | +6.8% |
| Dottikon ES DESN.SW | Switzerland | $4.72B | -24% | +11% | 27% | 37.6× | 12.6% | +14.4% |
| Bluestar Adisseo 600299.SS | China | $3.97B | -35% | +15% | 13% | 11.8× | -8.6% | +7.7% |
| Air Water 4088.T | Japan | $3.93B | +23% | +7% | 4% | 14.3× | 7.1% | +6.8% |
| IMEIK Technology Development 300896.SZ | China | $3.92B | -21% | -7% | 45% | 23.3× | 18.8% | +28.0% |
| Hangzhou Oxygen Plant 002430.SZ | China | $3.89B | -16% | +16% | 11% | 20.9× | 2.9% | +8.5% |
| Navin Fluorine International NAVINFLUOR.NS | India | $4.89B | +27% | +46% | 30% | 45.6× | 34.0% | +22.7% |
| Pangang Group Vanadium & Titanium Resources 000629.SZ | China | $3.83B | -24% | +6% | 4% | 68.8× | 27.2% | -3.4% |
| Sumitomo Chemical 4005.T | Japan | $4.93B | -7% | -2% | 5% | 6.9× | 1.1% | +0.4% |
| Mitsubishi Gas Chemical 4182.T | Japan | $3.78B | -31% | +3% | 8% | 10.6× | n/a | n/a |
| Novoray 688300.SS | China | $3.76B | -9% | +23% | 26% | 52.7× | 47.6% | +22.6% |
| Ningbo Shanshan 600884.SS | China | $3.71B | -34% | +30% | 9% | 14.4× | 4.5% | +21.3% |