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Chinese maker of magnetic materials (likely NdFeB permanent magnets) based in the rare-earth hub Baotou.
Chinese maker of magnetic materials (likely NdFeB permanent magnets) based in the rare-earth hub Baotou.
Moat: narrow (resource access). Located in Baotou, China's rare-earth processing center, aiding raw-material access.
Headquarters: Baotou, China · Employees: 1,226
Size Baotou Tianhe Magnetics Technology (603072.SS) is a China Industrials company (Metal Fabrication) with a market value of $1.13B, the 2071st largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥28.49 on 6 Nov 2026.
Performance Over six months the shares fell 24.1%, against -27.0% for the median peer and -16.4% for the China market (cap-weighted) — 10th highest of 21 in its peer set.
Growth Revenue grew 21.9% over the last twelve months (peer median +16.0%); the operating margin is 7.6% (peer median 7.9%).
Valuation It trades at 2.7× enterprise value to sales against a peer median of 2.3× (10th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 25% a year for seven years (Req g). Recent delivered growth is +15%, so the hurdle is +10 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 1.9 points below its cost of capital (10.5% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥2.76B | CN¥2.34B | CN¥2.59B | CN¥2.65B | CN¥2.88B |
| Revenue growth | — | -9% | -2% | -8% | — |
| Gross profit | CN¥505M | CN¥318M | CN¥328M | CN¥373M | CN¥450M |
| EBITDA | n/a | CN¥201M | CN¥222M | CN¥276M | CN¥283M |
| Net income | CN¥212M | CN¥161M | CN¥136M | CN¥169M | CN¥223M |
| Free cash flow | CN¥136M | CN¥87.8M | CN¥287M | CN¥184M | -CN¥552M |
| Capital expenditure | CN¥96.0M | CN¥72.4M | CN¥19.5M | CN¥58.2M | CN¥24.7M |
| Total debt | CN¥391M | CN¥620M | CN¥591M | CN¥1.28B | CN¥1.03B |
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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 | 603072.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -2.3% | -6.3% | 6th highest of 21 |
| 6-month return | -24.1% | -27.0% | 10th highest of 21 |
| Distance from 52-week high | -43.0% | -48.3% | 8th highest of 21 |
| Revenue growth (TTM) | +21.9% | +16.0% | 8th highest of 21 |
| Operating margin | 7.6% | 7.9% | 10th lowest of 21 |
| EV / Sales | 2.7× | 2.3× | 10th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 24.9% | 10.5% | 2nd most demanding of 7 |
| Growth delivered (Del g) | +15.3% | +11.9% | 3rd highest of 7 |
| Hurdle (Req g minus delivered) | +9.6 pp | -4.1 pp | 2nd most demanding of 7 |
| ROIC minus cost of capital | -1.9 pp | -2.5 pp | 9th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Baotou Tianhe Magnetics Technology 603072.SS | China | $1.13B | -24% | +22% | 8% | 2.7× | 24.9% | +15.3% |
| OKE Precision Cutting Tools 688308.SS | China | $1.15B | -49% | +79% | 25% | 4.3× | n/a | n/a |
| Jiangsu Gian Technology 300709.SZ | China | $1.10B | -5% | +17% | 0% | 2.2× | n/a | n/a |
| Jiangsu Chint Power Technology 002150.SZ | China | $1.10B | -30% | +23% | 11% | 2.0× | n/a | n/a |
| Dongguan Eontec 300328.SZ | China | $1.18B | -37% | +9% | -9% | 5.0× | n/a | n/a |
| Qingdao Yunlu Advanced Materials Technology 688190.SS | China | $1.22B | -17% | -2% | 12% | 4.3× | 20.5% | +21.5% |
| Sanwei 603033.SS | China | $1.04B | -40% | +10% | -6% | 2.3× | 13.7% | +21.1% |
| Shanghai Unison Aluminium Products 603418.SS | China | $1.23B | -18% | +26% | 11% | 1.7× | n/a | n/a |
| Guangdong Xianglu Tungsten 002842.SZ | China | $1.23B | -38% | +126% | 15% | 2.1× | n/a | n/a |
| China Harzone Industry 300527.SZ | China | $1.03B | -18% | -12% | 1% | 5.4× | n/a | n/a |
| Hunan Boyun New Materials 002297.SZ | China | $1.25B | -41% | +37% | 15% | 6.7× | n/a | n/a |
| Juli Sling 002342.SZ | China | $989M | -66% | +19% | 3% | 2.9× | n/a | n/a |
| Gibraltar Industries ROCK | United States | $964M | -20% | +14% | 11% | 1.6× | 7.3% | +1.9% |
| Hsino Tower 601096.SS | China | $961M | -31% | -7% | 3% | 0.8× | n/a | n/a |
| Ramkrishna Forgings RKFORGE.NS | India | $1.34B | +12% | +25% | 9% | 3.0× | n/a | n/a |
| Wuxi Paike New Materials and Technology 605123.SS | China | $1.34B | -31% | +23% | 8% | 2.3× | n/a | n/a |
| Evergreen Steel 2211.TW | Taiwan | $943M | -24% | +9% | 21% | 2.1× | -9.2% | +10.4% |
| Zhejiang JW Precision Machinery 300984.SZ | China | $931M | -29% | +9% | 4% | 4.4× | n/a | n/a |
| Changjiang & Jinggong Steel Building (Group) 600496.SS | China | $931M | -25% | +1% | 3% | 0.4× | -1.5% | +12.7% |
| Lucky Harvest 002965.SZ | China | $923M | -21% | +18% | 0% | 0.8× | n/a | n/a |
| Troax TROAX.ST | Sweden | $908M | +46% | 0% | 8% | 3.6× | 28.3% | +11.1% |