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Beijing Lier High-temperature Materials Co.,Ltd.

Beijing Lier High-temperature Materials Co.,Ltd.

002392.SZ
Beijing Lier High-temperature Materials Co.,Ltd.CN flagShenzhen Stock Exchange
7.36
CNY
-0.15
- -
8.76BMarket Cap
Beijing Lier High-temperature Materials Co.,Ltd.
002392.SZ
(Shenzhen Stock Exchange)

Recent

price

7.36

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
0.72
0.85
1.03
1.33
1.58
1.47
1.53
1.95
2.69
3.14
3.65
4.16
4.05
4.77
5.36
5.91
5.75
Revenue per Share
0.11
0.11
0.1
0.16
0.17
-0.04
0.12
0.14
0.28
0.35
0.38
0.34
0.22
0.33
0.27
0.34
0.28
Basic EPS, GAAP
-0.04
-0.17
-0.05
0.12
-0.08
-0.15
0.02
0.05
-0.13
0.23
-0.01
-0.11
0.36
-0.19
0.11
0.07
-0.03
Free Cash Flow per Basic Share
0.03
0.03
0.03
0.03
0.03
0.04
0.02
0.05
0.05
0.03
0.04
- -
- -
0.04
0.08
0.04
0.02
Dividend per Share
0.36
0.78
0.86
1
1.07
1.5
1.57
1.76
1.96
2.26
2.56
2.89
3.14
3.38
3.59
3.88
3.87
Book Value per Share
1.8
1.68
1.73
2.31
1.95
2
2.09
2.36
2.51
3.14
3.31
3.5
3.98
4.23
4.36
4.74
4.62
Tangible Book Value per Share
989
1,078
1,066
1,115
1,193
1,197
1,229
1,174
1,190
1,190
1,180
1,181
1,165
1,187
1,180
1,179
1,150
Basic Weighted Avg Shares
708
920
1,101
1,481
1,882
1,765
1,879
2,288
3,197
3,742
4,311
4,911
4,719
5,666
6,327
6,970
6,616
Sales/Revenue/Turnover
15.49
11.8
11.43
12.24
12.41
8.73
12.34
11.76
15.73
13.61
11.88
10.3
6.66
10.1
6.89
5.58
5.8
Operating Margin (%)
13
17
20
34
58
62
64
64
67
81
88
99
124
138
143
155
- -
Depreciation Expense
107
120
112
173
203
-46
148
164
333
416
453
398
256
392
319
401
323
Net Income, GAAP
13.74
12.71
13.99
16.4
17.38
- -
20.13
13.63
19.1
13.23
12.14
8.73
9.9
11.82
11.2
8.74
14.27
Effective Tax Rate (%)
15.1
13.08
10.17
11.68
10.78
-2.63
7.85
7.18
10.42
11.11
10.51
8.1
5.43
6.91
5.04
5.75
4.89
Profit Margin (%)
1,630
1,518
1,559
1,566
1,531
2,082
2,331
2,469
2,085
2,318
2,655
2,883
3,098
3,475
3,571
3,884
3,821
Working Capital
- -
- -
- -
- -
- -
548
549
548
- -
- -
100
6
3
- -
128
95
190
LT Debt
1,807
1,902
1,986
2,759
2,934
2,858
3,008
3,152
3,429
3,814
4,129
4,627
4,975
5,351
5,460
5,979
5,706
Total Equity
8.45
4.98
5.37
6.12
6.42
- -
5.41
6.46
11.53
12.63
11.52
10.61
6.01
9.76
6.86
5.84
5.36
Return on Invested Capital (%)
34.05
19.07
12.44
16.04
15.79
- -
7.07
7.37
13.38
16.08
15.46
12.15
6.91
9.51
6.77
8.01
6.4
Return on Capital (%)
34.78
20
12.69
16.96
16.93
-3.01
7.91
8.22
15.13
16.53
15.85
12.37
7.26
10.22
7.73
9.11
7.53
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
367
282
559
LT Borrowings
128
120
190
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,190
1,190
1,190
Market Capitalization
5,710
5,588
7,175

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
6,928
7,026
7,583
Cash, Cash Equivalents & STI
1,249
1,153
1,615
Accounts Receivable, Net
2,462
3,027
2,896
Inventories
1,534
1,407
1,555
Total Current Liabilities
3,357
3,362
3,762
Payables & Accruals
- -
- -
- -
ST Debt
367
282
559
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
7.7%
7.74%
9.49%
Free Cash Flow
49.38%
240.99%
-35.45%
Net Income, GAAP
-25.82%
2.44%
25.86%
Sales/Revenue/Turnover
15.21%
10.38%
10.17%
Total Cash Common Dividend
783.24%
1,555.48%
-48.39%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,510
1,675
1,821
1,338
6,327
2025
1,669
1,787
1,525
- -
6,970
2026
1,875
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.07
- -
- -
- -
0.27
2025
0.11
- -
- -
- -
0.34
2026
0.11
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.08
2025
- -
- -
- -
- -
0.04
2026
- -
- -
- -
- -
- -
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Business
Beijing Lier High-temperature Materials Co., Ltd. (002392.SZ) manufactures and sells refractories and high-temperature materials for industries including iron and steel, nonferrous metals, petrochemicals, and construction materials; its core products encompass unshaped refractories, machine-pressed shaped refractory products, preformed refractory units, functional refractories such as purging plugs and continuous casting nozzles, ceramic fiber products, fused high-purity oxides including white corundum, fused magnesia alumina spinel, activated alumina micro powder, and homogenized bauxite, as well as raw materials and metallurgical furnace materials. Founded in 2000 and headquartered in Changping Industry Zone, Zhongguancun Science and Technology Park, Beijing, China, the company operates over twenty subsidiaries such as Luoyang Lirr, Shanghai Lirr, Rizhao Lirr, Haicheng Lirr, and Baogang Lirr, which are national high-tech enterprises providing research, development, design, manufacturing, installation, construction, maintenance, and technical services for high-temperature thermal equipment via a full-package contracting model; it maintains production bases in Liaoning for magnesium materials, Henan for aluminum-silicon materials, coastal sales and service hubs, and overseas operations, serving domestic customers across nearly all Chinese provinces and international markets in Russia, Turkey, Vietnam, the United Kingdom, Kazakhstan, Indonesia, and others. In recent developments, the company increased its stake in Baogang Lier high-temperature materials joint venture to 70% through a 32.6 million yuan acquisition of 20% equity in May 2025, elevating it to a consolidated subsidiary; it acquired Hubei Yejing New Material Co., Ltd. and Qinhuangdao Shougang Kurosaki Refractories Co., Ltd. in 2024 and 2023 respectively to expand its refractory layout, signed strategic cooperation agreements with Jianlong Group in 2023 and SenseTime in recent periods, established a Malaysian subsidiary in 2022, launched Haicheng Lirr's 250,000-ton green magnesium-based production line in 2022, and completed a share repurchase of 2.12% of its shares. The company, a national environmental performance A-level enterprise, intelligent manufacturing demonstration factory, and intellectual property demonstration entity, reported revenue of 5.446 billion yuan and sales volume exceeding 650,000 tons in the first three quarters of 2025, with a 3.0% domestic market share by output in 2024.