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Hangzhou-based miner of fluorite and lithium mica, supplying fluorine chemicals and lithium-carbonate feedstock.
Hangzhou-based miner of fluorite and lithium mica, supplying fluorine chemicals and lithium-carbonate feedstock.
Sells fluorite concentrate, the raw material for fluorine chemicals, and lithium mica concentrate, which lithium-carbonate makers refine, both priced off market quotes, so sales follow fluorspar and lithium cycles. Processing fluorite one step further into hydrogen fluoride and aluminium fluoride gives it a chemical line beside the mining.
In one line: A small US fluorspar miner would be the closest analogue.
Moat: narrow (scale). One of China's larger fluorite reserve holders, a mineral increasingly scarce domestically.
Headquarters: Hangzhou, China · Founded: 2001 · Employees: 2,225
Size China Kings Resources (603505.SS) is a China Materials company (Other Metals/Minerals) with a market value of $1.55B, the 1584th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥12.37 on 6 Nov 2026.
Performance Over six months the shares fell 32.5%, against -28.2% for the median peer and -16.4% for the China market (cap-weighted) — 10th lowest of 21 in its peer set.
Growth Revenue fell 11.2% over the last twelve months (peer median +14.9%); the operating margin is -0.7% (peer median 4.7%).
Valuation It trades at 46.2× forward earnings against a peer median of 20.6× (4th most expensive of 14).
Capital Return on invested capital runs 4.4 points below its cost of capital (7.7% WACC).
Next results Next results expected around 29 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥3.26B | CN¥3.88B | CN¥2.75B | CN¥1.89B | CN¥1.04B |
| Revenue growth | — | +41% | +45% | +81% | — |
| Gross profit | CN¥609M | CN¥655M | CN¥555M | CN¥634M | CN¥453M |
| EBITDA | n/a | CN¥731M | CN¥567M | CN¥603M | CN¥435M |
| Net income | CN¥68.7M | CN¥326M | CN¥257M | CN¥349M | CN¥222M |
| Free cash flow | -CN¥79.1M | -CN¥324M | -CN¥386M | -CN¥1.01B | -CN¥486M |
| Capital expenditure | CN¥194M | CN¥505M | CN¥933M | CN¥1.02B | CN¥801M |
| Total debt | CN¥4.53B | CN¥3.93B | CN¥3.05B | CN¥1.90B | CN¥1.04B |
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 |
|---|---|---|---|---|---|---|
| China Kings Resources 603505.SS | $1.55B | -33% | -11% | -1% | 46.2× | n/a |
| Sinomine Resource 002738.SZ | $4.06B | -59% | +18% | 31% | 11.1× | n/a |
| Huangshan Novel 002014.SZ | $1.02B | +5% | +9% | 12% | 15.7× | n/a |
| Ganfeng Lithium 002460.SZ | $9.71B | -57% | +128% | 18% | 11.5× | 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 | 603505.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -11.0% | -6.1% | 7th lowest of 21 |
| 6-month return | -32.5% | -28.2% | 10th lowest of 21 |
| Distance from 52-week high | -49.3% | -46.7% | 9th lowest of 21 |
| Revenue growth (TTM) | -11.2% | +14.9% | 2nd lowest of 19 |
| Operating margin | -0.7% | 4.7% | 6th lowest of 20 |
| Forward P/E | 46.2× | 20.6× | 4th most expensive of 14 |
| ROIC minus cost of capital | -4.4 pp | -6.4 pp | 9th highest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| China Kings Resources 603505.SS | China | $1.55B | -33% | -11% | -1% | 46.2× | n/a | n/a |
| Tibet Summit Resources 600338.SS | China | $1.56B | -59% | +54% | 30% | n/a | 12.8% | +16.5% |
| Baowu Magnesium Technology 002182.SZ | China | $1.54B | -34% | +4% | 0% | 74.0× | n/a | n/a |
| Nexa Resources NEXA | United States | $1.51B | -20% | +27% | 22% | 3.0× | -17.4% | +8.9% |
| Tibet Mineral Development 000762.SZ | China | $1.50B | -50% | +270% | 20% | n/a | 33.1% | -1.3% |
| Liontown LTR.AX | Australia | $1.43B | -75% | +115% | 8% | 18.9× | 38.7% | +303.2% |
| Innuovo Technology 000795.SZ | China | $1.42B | -8% | +21% | 5% | n/a | n/a | n/a |
| Atalaya Mining Copper ATYM.L | United Kingdom | $1.71B | -2% | +20% | 29% | 7.8× | 6.5% | +13.0% |
| RHI Magnesita RHIM.L | United Kingdom | $1.74B | +2% | -1% | 11% | 6.9× | 3.0% | +7.5% |
| Yellow Cake YCA.L | United Kingdom | $1.74B | -12% | n/a | n/a | 10.6× | n/a | n/a |
| Baoji Titanium Industry 600456.SS | China | $1.76B | -26% | +14% | 7% | 26.4× | n/a | n/a |
| Iluka Resources ILU.AX | Australia | $1.77B | -30% | -20% | -29% | n/a | n/a | n/a |
| Nickel Industries NIC.AX | Australia | $1.78B | -46% | -3% | 10% | 10.4× | 13.1% | +27.5% |
| Energy Fuels EFR.TO | Canada | $1.78B | -70% | +70% | -79% | 61.7× | n/a | n/a |
| Yantai Zhenghai Magnetic Material 300224.SZ | China | $1.79B | -1% | +16% | 5% | 29.9× | 20.1% | +29.2% |
| Jiangsu ToLand Alloy 300855.SZ | China | $1.83B | -21% | +75% | 28% | 26.5× | n/a | n/a |
| Beijing Zhong Ke San Huan High-Tech 000970.SZ | China | $1.87B | -16% | +11% | 3% | 65.8× | n/a | n/a |
| Nanjing Hanrui Cobalt 300618.SZ | China | $1.27B | -49% | +11% | 4% | 20.6× | n/a | n/a |
| Evolution Metals & Technologies EMAT | United States | $1.23B | -79% | n/a | -548% | n/a | n/a | n/a |
| North Long Dragon New Materials Tech 301357.SZ | China | $1.23B | -20% | -9% | -23% | n/a | n/a | n/a |
| Denison Mines DML.TO | Canada | $2.00B | -39% | -9% | -2,101% | n/a | n/a | n/a |