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Beijing maker of non-ferrous metal powders: copper-based powders, tin-based solder powders, 3D-printing powders and electronic pastes.
Beijing maker of non-ferrous metal powders: copper-based powders, tin-based solder powders, 3D-printing powders and electronic pastes.
Atomizes copper and tin into fine powders and sells them as inputs to other makers: copper powder for industrial uses, and tin-based powder for the solder pastes used in electronics assembly. 3D-printing powders and electronic pastes are newer lines. A central state-owned metals research group, GRINM, is the controlling shareholder.
Moat: narrow (process know-how, IP / patents). Atomization and powder-processing know-how from a central state research group; competes on quality in a niche.
Headquarters: Beijing, China · Founded: 2004 · Employees: 657
Size GRIPM Advanced Materials (688456.SS) is a China Materials company (Other Metals/Minerals) with a market value of $780M, the 2831st largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥50.14 on 6 Nov 2026.
Performance Over six months the shares fell 24.1%, against -12.7% for the median peer and -16.4% for the China market (cap-weighted) — 8th lowest of 20 in its peer set.
Growth Revenue grew 33.5% over the last twelve months (peer median +31.2%); the operating margin is 2.2% (peer median 4.6%).
Valuation It trades at 49.6× forward earnings against a peer median of 15.9× (2nd most expensive of 9).
Capital Return on invested capital runs 5.2 points below its cost of capital (11.8% WACC).
Next results Next results expected around 26 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥4.97B | CN¥3.90B | CN¥3.23B | CN¥2.67B | CN¥2.78B |
| Revenue growth | — | +21% | +21% | -4% | — |
| Gross profit | CN¥405M | CN¥299M | CN¥237M | CN¥207M | CN¥194M |
| EBITDA | n/a | CN¥126M | CN¥96.1M | CN¥56.6M | CN¥68.6M |
| Net income | CN¥93.1M | CN¥69.9M | CN¥59.4M | CN¥55.1M | CN¥55.4M |
| Free cash flow | -CN¥326M | -CN¥130M | -CN¥42.1M | -CN¥85.3M | -CN¥44.3M |
| Capital expenditure | CN¥79.4M | CN¥37.0M | CN¥41.1M | CN¥88.7M | CN¥77.1M |
| Total debt | CN¥510M | CN¥273M | CN¥222M | CN¥164M | CN¥120M |
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 |
|---|---|---|---|---|---|---|
| GRIPM Advanced Materials 688456.SS | $780M | -24% | +34% | 2% | 49.6× | n/a |
| Mitsui Kinzoku 5706.T | $5.61B | -28% | +11% | 18% | 10.1× | 11.6% |
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 | 688456.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -22.4% | -16.3% | 3rd lowest of 21 |
| 6-month return | -24.1% | -12.7% | 8th lowest of 20 |
| Distance from 52-week high | -69.5% | -41.4% | 2nd lowest of 21 |
| Revenue growth (TTM) | +33.5% | +31.2% | 7th highest of 14 |
| Operating margin | 2.2% | 4.6% | 5th lowest of 15 |
| Forward P/E | 49.6× | 15.9× | 2nd most expensive of 9 |
| ROIC minus cost of capital | -5.2 pp | -8.9 pp | 8th highest of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| GRIPM Advanced Materials 688456.SS | China | $780M | -24% | +34% | 2% | 49.6× | n/a | n/a |
| Jiangyin Electrical Alloy 300697.SZ | China | $791M | -24% | +54% | 5% | n/a | n/a | n/a |
| Imperial Metals III.TO | Canada | $759M | -2% | +5% | 32% | 7.6× | -7.6% | +36.1% |
| Develop Global DVP.AX | Australia | $801M | -43% | +68% | 4% | 11.8× | n/a | n/a |
| Mishra Dhatu Nigam MIDHANI.NS | India | $753M | -8% | +18% | 14% | 39.9× | 45.3% | +8.2% |
| Alnera Aluminium 301613.SZ | China | $749M | -36% | +31% | 5% | n/a | 13.7% | +56.0% |
| Jinzhou Yongshan Lithium 603399.SS | China | $821M | -45% | +50% | 2% | n/a | n/a | n/a |
| Infund 002141.SZ | China | $738M | +32% | -3% | 11% | n/a | 8.4% | +3.8% |
| IMC Rare Earths IMC | United States | $824M | n/a | n/a | n/a | n/a | n/a | n/a |
| Talamore Mining TALA.TO | Canada | $728M | -32% | n/a | n/a | n/a | n/a | n/a |
| Luyang Energy-Saving Materials 002088.SZ | China | $837M | +12% | -21% | 1% | 58.4× | 20.8% | +1.3% |
| NorthIsle Copper and Gold NCX.V | Canada | $725M | +3% | n/a | n/a | n/a | n/a | n/a |
| Talon Metals TLO.TO | Canada | $839M | +3% | n/a | 3% | 17.9× | n/a | n/a |
| Gold Royalty GROY | United States | $723M | -14% | +82% | 23% | 39.4× | 54.3% | +58.2% |
| Lithium Americas LAC.TO | Canada | $712M | -64% | n/a | n/a | n/a | n/a | n/a |
| Wenzhou Hongfeng Electrical Alloy 300283.SZ | China | $712M | -23% | +48% | 5% | n/a | n/a | n/a |
| Lithium Argentina LAR | United States | $686M | -64% | n/a | n/a | 13.9× | n/a | n/a |
| Changsha Dialine New Material Sci.&Tech 300700.SZ | China | $903M | -13% | +14% | -23% | n/a | n/a | n/a |
| Enviri NVRI | United States | $672M | +24% | -23% | -19% | n/a | n/a | n/a |
| Gruvaktiebolaget Viscaria VISC.ST | Sweden | $669M | -1% | n/a | n/a | n/a | n/a | n/a |
| Amerigo Resources ARG.TO | Canada | $910M | +24% | +54% | 41% | 12.2× | 3.8% | +13.4% |