Loading…
Chinese recycler of scrap aluminum, producing recycled aluminum alloy ingots and products.
Chinese recycler of scrap aluminum, producing recycled aluminum alloy ingots and products.
Earns the spread between what it pays for scrap aluminium and what it gets for recycled alloy ingots, so scrap supply and the gap to primary aluminium prices matter more than volume alone. The ingots go to auto-parts and appliance makers that buy to set chemical specifications.
In one line: A Chinese scrap-aluminum recycler, like a listed Novelis recycling unit.
Moat: narrow (scale, cost advantage). Recycled aluminum is cheaper and lower-carbon than primary smelting, a growing preference.
Headquarters: Foshan, Guangdong, China · Employees: 1,330
Size Yechiu Metal Recycling (China) (601388.SS) is a China Materials company (Aluminum) with a market value of $1.01B, the 2283rd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥3.07 on 6 Nov 2026.
Performance Over six months the shares fell 24.8%, against -24.9% for the median peer and -16.4% for the China market (cap-weighted) — 11th highest of 21 in its peer set.
Growth Revenue grew 10.4% over the last twelve months (peer median +16.3%); the operating margin is 7.4% (peer median 3.4%).
Valuation It trades at 16.2× forward earnings against a peer median of 23.5× (6th cheapest of 12).
Price implies For today's price to make sense, revenue must grow about 2% a year for seven years (Req g). Recent delivered growth is +6%, so the hurdle is -4 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 2.7 points above its cost of capital (8.3% WACC).
Next results Next results expected around 23 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥8.34B | CN¥7.60B | CN¥7.00B | CN¥6.80B | CN¥7.66B |
| Revenue growth | — | +9% | +3% | -11% | — |
| Gross profit | CN¥1.06B | CN¥496M | CN¥338M | CN¥512M | CN¥805M |
| EBITDA | n/a | CN¥489M | CN¥295M | CN¥428M | CN¥701M |
| Net income | CN¥449M | CN¥170M | CN¥18.5M | CN¥133M | CN¥381M |
| Free cash flow | CN¥166M | CN¥45.3M | -CN¥494M | CN¥42.3M | CN¥780M |
| Capital expenditure | CN¥138M | CN¥216M | CN¥258M | CN¥573M | CN¥475M |
| Total debt | CN¥1.11B | CN¥1.15B | CN¥1.29B | CN¥906M | CN¥896M |
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 |
|---|---|---|---|---|---|---|
| Yechiu Metal Recycling (China) 601388.SS | $1.01B | -25% | +10% | 7% | 16.2× | 2.0% |
| Henan Zhongfu Industrial 600595.SS | $3.36B | -28% | +24% | 16% | 5.7× | -10.2% |
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 | 601388.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -3.1% | -8.0% | 5th highest of 21 |
| 6-month return | -24.8% | -24.9% | 11th highest of 21 |
| Distance from 52-week high | -36.0% | -39.3% | 7th highest of 21 |
| Revenue growth (TTM) | +10.4% | +16.3% | 7th lowest of 21 |
| Operating margin | 7.4% | 3.4% | 7th highest of 21 |
| Forward P/E | 16.2× | 23.5× | 6th cheapest of 12 |
| Growth the price implies (Req g, 7 yrs) | 2.0% | 4.9% | 4th least demanding of 7 |
| Growth delivered (Del g) | +6.2% | +9.8% | 2nd lowest of 7 |
| Hurdle (Req g minus delivered) | -4.2 pp | -10.7 pp | 3rd most demanding of 7 |
| ROIC minus cost of capital | +2.7 pp | -2.0 pp | 4th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Yechiu Metal Recycling (China) 601388.SS | China | $1.01B | -25% | +10% | 7% | 16.2× | 2.0% | +6.2% |
| Guangdong Haomei New Material 002988.SZ | China | $1.01B | -22% | +16% | 1% | 55.2× | n/a | n/a |
| Yong Jie New Material 603271.SS | China | $1.03B | -33% | +57% | 4% | n/a | 9.1% | +20.3% |
| Yinbang Clad Material 300337.SZ | China | $1.06B | -38% | +45% | 3% | n/a | n/a | n/a |
| Nippon Light Metal 5703.T | Japan | $949M | -15% | +14% | 5% | 8.8× | -4.1% | +6.2% |
| Jiangsu Asia-Pacific Light Alloy Technology 002540.SZ | China | $885M | -20% | +26% | 2% | 11.8× | n/a | n/a |
| Elkem ELK.OL | Norway | $1.18B | +7% | -12% | 3% | n/a | 17.0% | -7.2% |
| GETO New Materials 300986.SZ | China | $856M | -39% | +23% | 9% | 23.5× | n/a | n/a |
| Guangdong Hoshion Industrial Aluminium 002824.SZ | China | $825M | -29% | +34% | 4% | 29.1× | n/a | n/a |
| Grinm Metal Composites (Beijing) Technology 688811.SS | China | $1.27B | -30% | 0% | 11% | n/a | n/a | n/a |
| Fujian Minfa Aluminium 002578.SZ | China | $726M | +20% | +15% | -2% | 62.6× | n/a | n/a |
| Giansun Precision Technology 001400.SZ | China | $1.41B | -35% | 0% | 10% | n/a | n/a | n/a |
| Nantong Haixing Electronics 603115.SS | China | $1.62B | -22% | +21% | 8% | 33.5× | n/a | n/a |
| Shenzhen Sunxing Light Alloy Materials 603978.SS | China | $601M | -29% | +32% | 1% | n/a | n/a | n/a |
| Jiaozuo Wanfang Aluminum Manufacturing 000612.SZ | China | $1.71B | -28% | +13% | 32% | n/a | -13.0% | +6.6% |
| Kaiser Aluminum KALU | United States | $1.75B | -41% | +40% | 8% | 10.9× | 0.8% | +23.5% |
| Jiangsu Alcha Aluminium 002160.SZ | China | $573M | -25% | +8% | 2% | 26.4× | n/a | n/a |
| Chongqing Shunbo Aluminum 002996.SZ | China | $566M | -25% | +17% | 1% | n/a | n/a | n/a |
| Granges GRNG.ST | Sweden | $1.83B | -6% | +27% | 6% | 12.1× | n/a | n/a |
| Innovation New Material Technology 600361.SS | China | $1.91B | -24% | +4% | 1% | 10.7× | n/a | n/a |
| Zyf Lopsking Material Technology 002333.SZ | China | $513M | -8% | -17% | 3% | n/a | 13.7% | +13.0% |