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Non-ferrous metals producer mining and smelting copper, lead, zinc and gold in Gansu province.
Non-ferrous metals producer mining and smelting copper, lead, zinc and gold in Gansu province.
Turns ore and concentrate into refined copper, lead and zinc and sells them at market-linked prices, with gold, silver and sulphuric acid recovered as by-products. A group owned by the Gansu provincial government controls it, and the city of Baiyin has long been its home base.
Moat: none (scale). Regional non-ferrous metals producer without a clear cost or scale edge over national majors.
Headquarters: Baiyin, Gansu, China · Founded: 1956 · Employees: 14,801
Size Baiyin Nonferrous (601212.SS) is a China Materials company (Other Metals/Minerals) with a market value of $5.49B, the 456th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥4.94 on 6 Nov 2026.
Performance Over six months the shares fell 35.3%, against -19.8% for the median peer and -16.4% for the China market (cap-weighted) — 4th lowest of 21 in its peer set.
Growth Revenue fell 0.4% over the last twelve months (peer median +30.5%); the operating margin is 4.9% (peer median 27.3%).
Valuation It trades at 0.6× enterprise value to sales against a peer median of 4.2× (3rd cheapest of 20).
Capital Return on invested capital runs 2.9 points above its cost of capital (8.0% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥90.0B | CN¥85.4B | CN¥86.7B | CN¥86.9B | CN¥87.8B |
| Revenue growth | — | -2% | 0% | -1% | — |
| Gross profit | CN¥9.31B | CN¥5.01B | CN¥4.60B | CN¥3.40B | CN¥4.01B |
| EBITDA | n/a | CN¥4.71B | CN¥3.85B | CN¥3.41B | CN¥3.83B |
| Net income | CN¥177M | -CN¥755M | CN¥80.8M | CN¥108M | CN¥33.3M |
| Free cash flow | -CN¥7.13B | CN¥809M | CN¥3.62B | CN¥1.07B | CN¥611M |
| Capital expenditure | CN¥1.59B | CN¥1.40B | CN¥786M | CN¥1.46B | CN¥1.15B |
| Total debt | CN¥25.3B | CN¥22.4B | CN¥20.2B | CN¥20.2B | CN¥19.7B |
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 |
|---|---|---|---|---|---|---|
| Baiyin Nonferrous 601212.SS | $5.49B | -35% | 0% | 5% | 0.6× | n/a |
| Jiangxi Copper 600362.SS | $14.3B | -29% | +14% | 4% | 0.2× | n/a |
| Shenzhen Zhongjin Lingnan Nonfemet 000060.SZ | $3.43B | -24% | +16% | 3% | 0.6× | n/a |
| Tongling Nonferrous Metals 000630.SZ | $9.83B | -20% | +46% | 6% | 0.5× | n/a |
| Yunnan Copper 000878.SZ | $5.01B | -28% | +10% | 2% | 0.3× | n/a |
| Western Mining 601168.SS | $9.85B | -7% | +18% | 17% | 1.3× | -5.6% |
| Zhuzhou Smelter 600961.SS | $2.85B | -33% | +23% | 12% | 0.8× | -1.6% |
| Yunnan Chihong Zinc & Germanium 600497.SS | $5.76B | -15% | +29% | 10% | 1.5× | 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 | 601212.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -11.3% | -13.5% | 10th highest of 21 |
| 6-month return | -35.3% | -19.8% | 4th lowest of 21 |
| Distance from 52-week high | -67.5% | -44.2% | lowest of 21 |
| Revenue growth (TTM) | -0.4% | +30.5% | 2nd lowest of 20 |
| Operating margin | 4.9% | 27.3% | 5th lowest of 20 |
| EV / Sales | 0.6× | 4.2× | 3rd cheapest of 20 |
| ROIC minus cost of capital | +2.9 pp | +5.7 pp | 7th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Baiyin Nonferrous 601212.SS | China | $5.49B | -35% | 0% | 5% | 0.6× | n/a | n/a |
| NexGen Energy NXE.TO | Canada | $5.57B | -31% | n/a | n/a | n/a | n/a | n/a |
| Yunnan Tin 000960.SZ | China | $5.66B | -34% | +19% | 8% | 0.8× | 1.9% | -0.5% |
| Xinjiang Daqo New Energy 688303.SS | China | $5.69B | -20% | -23% | -62% | 10.0× | n/a | n/a |
| China Nonferrous Mining 1258.HK | Hong Kong | $5.73B | -19% | +11% | 28% | 1.3× | -14.6% | +5.8% |
| Yunnan Chihong Zinc & Germanium 600497.SS | China | $5.76B | -15% | +29% | 10% | 1.5× | 4.4% | +4.6% |
| Nanya New Material Technology 688519.SS | China | $5.90B | -5% | +104% | 17% | 4.2× | n/a | n/a |
| Asia-Potash International Investment (Guangzhou) 000893.SZ | China | $5.08B | -32% | +40% | 36% | 5.2× | -3.3% | +72.1% |
| Capstone Copper CS.TO | Canada | $6.01B | -8% | +30% | 32% | 2.7× | 9.8% | +40.2% |
| Yunnan Copper 000878.SZ | China | $5.01B | -28% | +10% | 2% | 0.3× | n/a | n/a |
| Luoyang Shenglong Mining 001257.SZ | China | $5.00B | -19% | +22% | 34% | 8.8× | 13.4% | +22.4% |
| Sandfire Resources SFR.AX | Australia | $6.20B | -4% | +32% | 32% | 3.5× | 9.2% | +25.8% |
| Grinm Advanced Materials 600206.SS | China | $4.85B | +40% | +23% | 2% | 2.8× | n/a | n/a |
| Inner Mongolia Xingye Silver and Tin Mining 000426.SZ | China | $6.23B | -42% | +38% | 49% | 6.5× | 7.8% | +42.6% |
| MP Materials MP | United States | $6.31B | -47% | +72% | -17% | 14.9× | n/a | n/a |
| PLS PLS.AX | Australia | $6.33B | -56% | +152% | 43% | 4.2× | 2.5% | +61.6% |
| Discovery Mining DSV.TO | Canada | $6.44B | +19% | +684% | 38% | 5.6× | 19.9% | n/a |
| Aura Minerals AUGO | United States | $6.52B | -5% | +89% | 53% | 5.2× | -6.0% | +25.2% |
| NMDC NMDC.NS | India | $6.55B | -22% | +27% | 27% | 1.9× | 5.2% | +15.8% |
| Aurubis NDA.DE | Germany | $6.73B | -35% | +23% | 6% | 0.3× | n/a | n/a |
| Zhejiang Rongtai Electric Material 603119.SS | China | $4.36B | -3% | +46% | 20% | 15.5× | 42.2% | +30.2% |