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Chinese maker of advanced materials, likely magnesium-alloy or specialty metal materials.
Chinese maker of advanced materials, likely magnesium-alloy or specialty metal materials.
Moat: none
Headquarters: Qingdao, China · Employees: 677
Size Qingdao Yunlu Advanced Materials Technology (688190.SS) is a China Industrials company (Metal Fabrication) with a market value of $1.22B, the 1941st largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥67.81 on 6 Nov 2026.
Performance Over six months the shares fell 16.6%, against -27.9% for the median peer and -16.4% for the China market (cap-weighted) — 7th highest of 21 in its peer set.
Growth Revenue fell 2.1% over the last twelve months (peer median +20.4%); the operating margin is 12.3% (peer median 7.7%).
Valuation It trades at 21.9× forward earnings against a peer median of 23.0× (5th cheapest of 13).
Price implies For today's price to make sense, revenue must grow about 20% a year for seven years (Req g). Recent delivered growth is +21%, so the hurdle is -1 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 0.7 points below its cost of capital (9.0% WACC).
Next results Next results expected around 29 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥1.93B | CN¥1.88B | CN¥1.89B | CN¥1.76B | CN¥1.44B |
| Revenue growth | — | 0% | +7% | +22% | — |
| Gross profit | CN¥520M | CN¥499M | CN¥556M | CN¥518M | CN¥375M |
| EBITDA | n/a | CN¥400M | CN¥429M | CN¥397M | CN¥258M |
| Net income | CN¥236M | CN¥294M | CN¥361M | CN¥332M | CN¥226M |
| Free cash flow | CN¥119M | -CN¥3.42M | CN¥95.1M | CN¥155M | -CN¥118M |
| Capital expenditure | CN¥19.2M | CN¥34.5M | CN¥48.9M | CN¥64.3M | CN¥40.6M |
| Total debt | CN¥423M | CN¥402M | CN¥309M | CN¥222M | CN¥188M |
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| Measure | 688190.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +4.1% | -10.7% | 3rd highest of 21 |
| 6-month return | -16.6% | -27.9% | 7th highest of 21 |
| Distance from 52-week high | -49.3% | -45.3% | 9th lowest of 21 |
| Revenue growth (TTM) | -2.1% | +20.4% | 3rd lowest of 21 |
| Operating margin | 12.3% | 7.7% | 6th highest of 21 |
| Forward P/E | 21.9× | 23.0× | 5th cheapest of 13 |
| Growth the price implies (Req g, 7 yrs) | 20.5% | 13.7% | 3rd most demanding of 6 |
| Growth delivered (Del g) | +21.5% | +12.0% | highest of 6 |
| Hurdle (Req g minus delivered) | -1.0 pp | +0.9 pp | 3rd least demanding of 6 |
| ROIC minus cost of capital | -0.7 pp | -2.8 pp | 8th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Qingdao Yunlu Advanced Materials Technology 688190.SS | China | $1.22B | -17% | -2% | 12% | 21.9× | 20.5% | +21.5% |
| Shanghai Unison Aluminium Products 603418.SS | China | $1.23B | -18% | +26% | 11% | n/a | n/a | n/a |
| Guangdong Xianglu Tungsten 002842.SZ | China | $1.23B | -38% | +126% | 15% | n/a | n/a | n/a |
| Hunan Boyun New Materials 002297.SZ | China | $1.25B | -41% | +37% | 15% | n/a | n/a | n/a |
| Dongguan Eontec 300328.SZ | China | $1.18B | -37% | +9% | -9% | 569.5× | n/a | n/a |
| OKE Precision Cutting Tools 688308.SS | China | $1.15B | -49% | +79% | 25% | 13.6× | n/a | n/a |
| Baotou Tianhe Magnetics Technology 603072.SS | China | $1.13B | -24% | +22% | 8% | n/a | 24.9% | +15.3% |
| Ramkrishna Forgings RKFORGE.NS | India | $1.34B | +12% | +25% | 9% | 46.9× | n/a | n/a |
| Wuxi Paike New Materials and Technology 605123.SS | China | $1.34B | -31% | +23% | 8% | 22.0× | n/a | n/a |
| Jiangsu Gian Technology 300709.SZ | China | $1.10B | -5% | +17% | 0% | 37.4× | n/a | n/a |
| Jiangsu Chint Power Technology 002150.SZ | China | $1.10B | -30% | +23% | 11% | 23.2× | n/a | n/a |
| Riyue Heavy Industry 603218.SS | China | $1.41B | -28% | -17% | 5% | 24.6× | 5.0% | +4.1% |
| Freewon China 688678.SS | China | $1.41B | -13% | +33% | 6% | 19.6× | n/a | n/a |
| Sanwei 603033.SS | China | $1.04B | -40% | +10% | -6% | n/a | 13.7% | +21.1% |
| China Harzone Industry 300527.SZ | China | $1.03B | -18% | -12% | 1% | n/a | n/a | n/a |
| Richelieu Hardware RCH.TO | Canada | $1.48B | -2% | +7% | 7% | 20.5× | 5.7% | +11.7% |
| Juli Sling 002342.SZ | China | $989M | -66% | +19% | 3% | n/a | n/a | n/a |
| HENGHUI Technology 301678.SZ | China | $1.53B | -28% | +10% | 8% | n/a | n/a | n/a |
| Shenzhen Vital New Material 301319.SZ | China | $1.53B | +15% | +34% | 5% | 82.0× | n/a | n/a |
| Usha Martin USHAMART.NS | India | $1.54B | 0% | +9% | 17% | 22.8× | 23.1% | +12.0% |
| Luoyang Xinqianglian Slewing Bearing 300850.SZ | China | $1.54B | -42% | +10% | 21% | 11.1× | n/a | n/a |