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← CockpitCompetitor Analysis › 600397.SS Jiangxi Tungsten Rare and Precious Equipment Co., Ltd. Class AOpen in the cockpit ↗

Jiangxi Tungsten Rare and Precious Equipment Co., Ltd. Class A600397.SSCompetitor analysis, valuation and peers

China · CNY·Industrials›Wholesale Distributors

Jiangxi-based trader/processor of tungsten and rare/precious metals equipment.

Momentum neutral 55
Mkt cap
$1.86B
US dollars, full cap
Free float
59%
of shares outstanding
$/day
$70.9M
20-day average traded
Fwd P/E
156.9×
forward earnings
ROIC−WACC
n/a
WACC 14.2%
Hurdle
n/a
no reverse DCF
Next earnings
164 days
19 Apr 2027
Close · CNYCN¥12.55
1D-4.9%
1W+4.6%
1M-20.2%
3M-1.0%
6M-12.5%
YTD+65.1%
1Y+68.7%
ATR %7.0%
52w lowhigh60.5% off high

What Jiangxi Tungsten Rare and Precious Equipment does

Jiangxi-based trader/processor of tungsten and rare/precious metals equipment.

Products and services

  • Tungsten products trading
  • Precious metals equipment

Customers

  • Tungsten/metals processors

Where it sits in the supply chain

  • Materials
  • Rare metals
  • Tungsten & precious metals trading

What could go right

  • Tungsten demand from tooling/electronics

What could go wrong

  • Tungsten price volatility

Moat: none (distribution). Trading-oriented business in a resource-rich province with limited differentiation.

Headquarters: Jiangxi, China · Employees: 414

Named competitors

Jiangxi Tungsten Rare and Precious Equipment at a glance

Size Jiangxi Tungsten Rare and Precious Equipment (600397.SS) is a China Industrials company (Wholesale Distributors) with a market value of $1.86B, the 1345th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥12.55 on 6 Nov 2026.

Performance Over six months the shares fell 12.5%, against +5.9% for the median peer and -16.4% for the China market (cap-weighted) — 6th lowest of 21 in its peer set.

Growth Revenue fell 91.8% over the last twelve months (peer median +6.4%).

Valuation It trades at 156.9× forward earnings against a peer median of 16.2× (most expensive of 16).

Next results Next results expected around 19 Apr 2027 (exchange calendar; dates can move).

Relative performance

10015020011 May 202611 Aug 20266 Nov 2026Peer median 106600397.SS 86
Six months, rebased to 100: Jiangxi Tungsten Rare and Precious Equipment against the median of its 20 peers (local-currency closes).

Jiangxi Tungsten Rare and Precious Equipment financials

Reported figures in CNY; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueCN¥312MCN¥2.57BCN¥5.87BCN¥6.85BCN¥8.90B
Revenue growth—-56%-14%-23%—
Gross profitn/aCN¥27.6MCN¥282MCN¥363MCN¥429M
EBITDAn/a-CN¥75.5MCN¥125MCN¥280MCN¥344M
Net incomeCN¥16.3M-CN¥291M-CN¥242M-CN¥114M-CN¥76.6M
Free cash flowCN¥7.21M-CN¥139MCN¥282M-CN¥91.3MCN¥67.3M
Capital expenditureCN¥1.87MCN¥48.6MCN¥116MCN¥160MCN¥139M
Total debtCN¥198MCN¥185MCN¥4.89BCN¥6.30BCN¥7.00B

Quarterly statements and history in the cockpit →

Jiangxi Tungsten Rare and Precious Equipment competitor charts

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.

Performance: 6-month against 1-month return

-50%0%+50%+100%-20%0%+20%TPK600490585760102099347552DBI30488279ARTCURY601801000065600825DSGRHLMNDXPE002092EPRO-B8078600397.SS6-month return →1-month return →
Up and to the right = strong over both horizons. Jiangxi Tungsten Rare and Precious Equipment is the large dot.

Fundamentals: revenue growth against valuation

-100%-50%0%0×50×100×150×TPK585775523048601801000065DSGR8078600397.SSRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Jiangxi Tungsten Rare and Precious Equipment is the large dot.

Jiangxi Tungsten Rare and Precious Equipment competitors and peer comparison

Head to head with its named competitors (600397.SS vs 600549.SS vs 000657.SZ vs 002378.SZ)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Jiangxi Tungsten Rare and Precious Equipment 600397.SS$1.86B-13%-92%n/a156.9×n/a
Xiamen Tungsten 600549.SS$8.55B-37%+67%10%13.2×n/a
China Tungsten & Hightech Materials 000657.SZ$13.2B-34%+66%16%21.0×n/a
Chongyi Zhangyuan Tungsten 002378.SZ$3.18B-48%+105%12%n/an/a

How Jiangxi Tungsten Rare and Precious Equipment compares with its peers

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.

Jiangxi Tungsten Rare and Precious Equipment against its 20 peers (data as of 6 Nov 2026)
Measure600397.SSPeer medianRank in peer set
1-month return-20.2%+0.9%5th lowest of 21
6-month return-12.5%+5.9%6th lowest of 21
Distance from 52-week high-60.5%-21.6%2nd lowest of 21
Revenue growth (TTM)-91.8%+6.4%lowest of 21
Forward P/E156.9×16.2×most expensive of 16

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Jiangxi Tungsten Rare and Precious Equipment 600397.SSChina$1.86B-13%-92%n/a156.9×n/an/a
Travis Perkins TPK.LUnited Kingdom$1.86B+28%0%3%23.2×8.5%+4.3%
Pengxin International Mining 600490.SSChina$1.85B-32%-20%n/an/a6.6%-17.2%
ARE 5857.TJapan$1.89B+1%+38%7%9.3×2.0%+29.4%
Tibet Huayu Mining 601020.SSChina$1.83B-48%-22%23%n/an/an/a
Inaba Denkisangyo 9934.TJapan$1.82B-4%+15%8%n/a-11.9%+8.5%
Happinet 7552.TJapan$1.82B+133%+19%3%16.2×-4.1%+11.1%
Dalrymple Bay Infrastructure DBI.AXAustralia$1.92B+6%+11%29%26.2×7.8%+104.8%
BIC Cameras 3048.TJapan$1.94B+10%+7%4%15.2×-8.2%+4.5%
AGTech 8279.HKHong Kong$1.78B+109%+24%8%n/a-14.9%+36.3%
Arteche Lantegi Elkartea ART.MCSpain$1.77B-36%+11%14%25.2×7.2%+13.9%
Currys CURY.LUnited Kingdom$1.97B+16%+6%2%10.4×4.3%-2.2%
Anhui Xinhua Media 601801.SSChina$1.72B-3%-16%4%13.6×n/an/a
Norinco International Cooperation 000065.SZChina$1.72B-23%-21%9%13.5×-5.1%+1.1%
Shanghai Xinhua Media 600825.SSChina$2.03B+118%+1%-1%n/a44.5%+2.3%
Distribution Solutions DSGRUnited States$1.62B+27%+6%4%40.9×15.5%+41.3%
Hillman Solutions HLMNUnited States$1.62B+6%+6%6%13.3×17.9%+2.6%
DXP Enterprises DXPEUnited States$2.18B-10%+11%9%20.7×6.6%+14.9%
Xinjiang Zhongtai Chemical 002092.SZChina$1.57B-41%+7%3%25.4×-4.2%-19.5%
Electrolux Professional EPRO-B.STSweden$1.52B+20%-4%10%16.2×4.9%+10.9%
Hanwa 8078.TJapan$2.29B+7%+6%2%7.8×-4.2%+8.8%

Questions

Who are Jiangxi Tungsten Rare and Precious Equipment's main competitors?
Named competitors: China Minmetals (private or unlisted), Xiamen Tungsten (600549.SS), China Tungsten and Hightech Materials (000657.SZ), Chongyi Zhangyuan Tungsten (002378.SZ). The cockpit's measured peer set (industry) also includes Travis Perkins (TPK.L), Pengxin International Mining (600490.SS), ARE (5857.T), Tibet Huayu Mining (601020.SS), Inaba Denkisangyo (9934.T), Happinet (7552.T).
Is Jiangxi Tungsten Rare and Precious Equipment expensive compared with its peers?
On forward p/e it trades at 156.9× against a peer median of 16.2×, most expensive of 16 in its peer set.
How has Jiangxi Tungsten Rare and Precious Equipment stock performed?
Over six months to 6 Nov 2026 the shares returned -12.5% against +5.9% for the median peer; over one year +68.7%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.