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Chongyi Zhangyuan Tungsten Co., Ltd. Class A

Chongyi Zhangyuan Tungsten Co., Ltd. Class A

002378.SZ
Chongyi Zhangyuan Tungsten Co., Ltd. Class ACN flagShenzhen Stock Exchange
30.37
CNY
-2.45
- -
36.49BMarket Cap
Chongyi Zhangyuan Tungsten Co., Ltd. Class A
002378.SZ
(Shenzhen Stock Exchange)

Recent

price

30.37

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
1.26
1.74
1.58
1.73
1.93
1.1
1.07
1.34
1.55
1.51
1.6
2.24
2.68
2.83
2.99
- -
4
Revenue per Share
0.14
0.26
0.12
0.1
0.06
-0.13
0.04
0.02
0.04
-0.24
0.03
0.14
0.17
0.12
0.14
- -
0.16
Basic EPS, GAAP
-0.25
-0.22
-0.03
0.01
- -
- -
0.01
-0.27
0.07
-0.03
0.39
-0.05
-0.01
0.07
0.11
- -
-0.36
Free Cash Flow per Basic Share
0.09
0.14
0.21
0.14
0.1
0.03
0.03
0.05
0.06
0.07
0.06
0.06
0.14
0.15
0.12
- -
0.15
Dividend per Share
0.65
0.77
0.73
0.72
0.82
0.96
0.98
0.88
1.01
0.75
0.77
0.9
0.98
1.22
1.25
- -
1.48
Book Value per Share
1.08
1.22
1.17
1.16
1.83
1.45
1.45
1.31
1.49
1.25
1.25
1.43
1.54
1.58
1.63
- -
1.92
Tangible Book Value per Share
1,094
1,113
1,104
1,128
1,058
1,222
1,225
1,361
1,203
1,210
1,208
1,192
1,196
1,200
1,229
1,210
1,064
Basic Weighted Avg Shares
1,379
1,937
1,744
1,952
2,039
1,344
1,311
1,831
1,869
1,828
1,931
2,664
3,203
3,400
3,673
- -
4,259
Sales/Revenue/Turnover
14.8
21.98
12.58
12.42
9.68
-4.42
3.4
10.15
9.78
-2.71
8.03
9.11
9.52
8.34
8.99
- -
7.78
Operating Margin (%)
62
67
72
119
128
136
137
152
161
182
205
221
230
217
211
- -
- -
Depreciation Expense
151
287
132
108
65
-160
47
31
46
-288
37
165
203
144
172
- -
175
Net Income, GAAP
14.14
17.93
17.94
24.65
32.5
- -
22.83
46.92
37.19
- -
- -
10.92
8.67
16.77
15.18
- -
14.73
Effective Tax Rate (%)
10.98
14.82
7.55
5.55
3.19
-11.89
3.59
1.72
2.48
-15.78
1.92
6.19
6.35
4.23
4.68
- -
4.11
Profit Margin (%)
620
449
196
154
634
457
158
95
551
424
242
294
744
604
786
- -
518
Working Capital
160
68
219
250
156
310
3
5
7
437
302
275
708
520
777
- -
479
LT Debt
1,248
1,428
1,396
1,423
2,067
1,906
1,951
1,967
2,001
1,691
1,692
1,879
2,006
2,043
2,135
- -
2,167
Total Equity
11.32
16.79
7.81
7.52
4.92
- -
1.22
3.19
3.54
- -
- -
7.14
8.21
6.27
7.03
- -
6.85
Return on Invested Capital (%)
14.35
21.84
10.7
6.12
3.79
- -
2.6
1.59
2.15
- -
- -
10.29
10.36
6.62
7
- -
6.71
Return on Capital (%)
23.07
36.57
15.82
13.45
7.77
-15.68
3.97
2.62
3.84
-27.28
4.06
16.46
18.12
10.96
11.47
- -
11.39
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
1,052
1,217
1,457
LT Borrowings
774
748
470
LT Finance Leases
3
12
10
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,201
1,201
1,201
Market Capitalization
8,801
7,183
8,418

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
2,711
2,609
2,984
Cash, Cash Equivalents & STI
494
353
399
Accounts Receivable, Net
378
780
826
Inventories
1,435
1,262
1,533
Total Current Liabilities
1,926
1,829
2,466
Payables & Accruals
- -
- -
- -
ST Debt
1,052
1,217
1,457
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
- -
Free Cash Flow
- -
- -
- -
Net Income, GAAP
- -
- -
- -
Sales/Revenue/Turnover
- -
- -
- -
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
874
940
1,009
850
3,673
2025
1,186
1,213
- -
- -
- -
2026
2,631
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.02
- -
- -
- -
0.14
2025
0.04
- -
- -
- -
- -
2026
0.32
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.02
- -
- -
- -
0.12
2025
0.02
- -
- -
- -
- -
2026
0.02
- -
- -
- -
- -
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Business
Chongyi Zhangyuan Tungsten Co., Ltd. (002378.SZ) engages in the exploration, mining, beneficiation, smelting, deep processing, and trading of tungsten and other metal minerals, operating primarily from Ganzhou in Jiangxi Province, China, the global tungsten capital; founded in 1990, the company produces core products including tungsten concentrate, ammonium paratungstate (APT), tungsten oxide, tungsten powder, tungsten carbide powder, cemented carbide items such as ball teeth, blades, cold heading dies, drill bits, brazing blades, and thermal spray powders. It maintains significant annual capacities of approximately 10,000 tons of APT, 5,000 tons of tungsten powder, 4,000 tons of tungsten carbide powder, and 1,500 tons of cemented carbide products, serving domestic and international markets across industries like mining tools, mechanical engineering, and wear-resistant applications. The company owns multiple tungsten mines and processing plants in Jiangxi, with a workforce exceeding 2,000 employees. In recent developments, Chongyi Zhangyuan has adjusted long-term contract prices upward for tungsten products amid rising market demand and material costs, including increases for black tungsten concentrate and cemented carbide items in early 2025; it acquired mining rights to the Huangzhulong tungsten deposit in Jiangxi Province to expand resource access, and continues to emphasize value-added processing over raw material exports as stated by its vice president at the ITIA 2025 conference.