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Baoji Titanium Industry Co., Ltd.

Baoji Titanium Industry Co., Ltd.

600456.SS
Baoji Titanium Industry Co., Ltd.CN flagShanghai Stock Exchange
26.63
CNY
-0.87
- -
12.72BMarket Cap
Baoji Titanium Industry Co., Ltd.
600456.SS
(Shanghai Stock Exchange)

Recent

price

26.63

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
5.93
6.77
5.43
5.51
6.24
4.93
6.13
6.69
7.93
9.73
10.08
11.07
13.89
14.5
13.93
12.82
9.83
Revenue per Share
0.01
0.14
0.01
0.05
0.03
-0.43
0.09
0.05
0.33
0.56
0.84
1.18
1.17
1.14
1.21
0.84
0.62
Basic EPS, GAAP
-2.2
-0.41
-0.76
-0.45
0.61
0.04
-0.32
0.43
0.74
- -
0.62
-0.37
-1.65
-0.03
0.35
-0.26
-0.51
Free Cash Flow per Basic Share
0.31
0.26
0.28
0.28
0.34
0.35
0.35
0.34
0.3
0.42
0.46
1.27
1.09
0.58
0.47
0.52
0.1
Dividend per Share
2.5
2.54
2.51
2.51
2.69
1.98
2.14
2.04
2.29
2.7
3.26
3.08
3.28
3.88
4.64
5.03
5.15
Book Value per Share
8.56
8.59
8.67
8.84
9.56
8.29
8.82
8.39
8.63
9.15
9.85
13.28
13.78
14.58
15.42
16.45
16.68
Tangible Book Value per Share
432
431
430
430
398
434
410
430
430
430
430
474
478
478
478
478
478
Basic Weighted Avg Shares
2,564
2,921
2,336
2,373
2,481
2,142
2,510
2,876
3,410
4,188
4,338
5,246
6,635
6,927
6,657
6,124
4,698
Sales/Revenue/Turnover
1.49
6.87
5.47
3.83
7.11
3.01
7.76
7.73
10.49
11.65
14.68
15.72
13.67
13.06
14.11
13
13.24
Operating Margin (%)
71
90
98
114
128
213
233
216
219
222
217
260
304
329
376
426
- -
Depreciation Expense
3
62
6
20
12
-187
37
21
141
240
363
560
557
544
576
401
297
Net Income, GAAP
- -
12.91
6.8
9.98
11.99
- -
8.96
36.45
14.09
13.71
14.99
9.24
9.95
10.08
11.87
14.25
15.54
Effective Tax Rate (%)
0.13
2.11
0.25
0.82
0.48
-8.72
1.47
0.75
4.14
5.73
8.36
10.68
8.39
7.86
8.66
6.55
6.31
Profit Margin (%)
1,409
1,073
841
845
1,997
1,989
2,164
2,335
1,357
3,222
3,012
5,190
4,904
4,996
4,713
5,689
5,842
Working Capital
125
195
80
152
1,240
1,202
1,164
1,196
18
1,591
1,193
1,844
1,528
1,436
1,003
2,124
2,142
LT Debt
3,799
3,846
3,870
3,935
3,931
3,727
3,734
3,732
3,850
4,069
4,366
6,483
6,765
7,145
7,631
8,198
8,309
Total Equity
- -
3.52
2.23
1.43
2.56
- -
2.87
2.28
4.82
6.38
7.99
9.6
9.24
8.91
8.64
6.38
4.85
Return on Invested Capital (%)
- -
3.36
2.93
3.65
3.3
- -
4.02
2.41
5.92
7.77
9.86
13.88
13.03
10.39
10.44
6.09
4.74
Return on Capital (%)
0.31
5.67
0.54
1.81
1.11
-19.34
4.24
2.45
15.14
22.32
28.26
39.16
36.81
31.82
28.34
17.36
12.47
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
1,155
1,031
LT Borrowings
- -
2,092
2,121
LT Finance Leases
- -
32
20
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
478
478
Market Capitalization
15,539
18,844
16,060

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
- -
11,100
11,280
Cash, Cash Equivalents & STI
- -
1,316
1,148
Accounts Receivable, Net
- -
3,335
3,973
Inventories
- -
4,493
4,671
Total Current Liabilities
- -
5,410
5,438
Payables & Accruals
- -
- -
- -
ST Debt
- -
1,155
1,031
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8.9%
14.54%
7.43%
Free Cash Flow
1,055.37%
-311.26%
-173.68%
Net Income, GAAP
54.36%
5.42%
-30.45%
Sales/Revenue/Turnover
11.66%
7.98%
-8%
Total Cash Common Dividend
16.97%
27.56%
10.4%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,827
1,904
1,778
1,148
6,657
2025
1,455
1,512
- -
1,684
6,124
2026
1,502
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.33
- -
- -
- -
1.21
2025
0.17
- -
- -
- -
0.84
2026
0.12
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.02
- -
- -
- -
0.47
2025
0.03
- -
- -
- -
0.52
2026
0.04
- -
- -
- -
- -
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Business
Baoji Titanium Industry Co., Ltd. (600456.SS) manufactures, processes, and sells titanium and titanium alloy products; it produces plates, strips, foils, tubes, bars, wires, forgings, castings, rods, and metal composite materials under the Baoti brand. The company, founded in 1999 and headquartered in Baoji, China—known as the Titanium Valley—operates the largest titanium production and research base in China, serving industries including aviation, aerospace, ships, chlor-alkali chemicals, electricity, metallurgy, medicine, marine engineering, weapons, biomedicine, construction, and consumer sectors with exports worldwide. It maintains complete processing systems encompassing titanium sponge, scrap recycling, melting, casting, forging, rod and wire, plate and sheet, coil strip, and seamless and welded tube production, contributing over 85% of China's annual titanium mill products output and drafting most national and military titanium standards. Recent developments include plans to raise 0.287 billion yuan in capital to acquire and take control of Shaanxi Marriott Titanium and expand into Shaanxi Wanhao Titanium and Special Materials Science and Technology for strategic growth; its controlling shareholder increased holdings by 4.7958 million shares as of September 2025; and the company issued its 2025 semi-annual and 2024 annual reports amid easing titanium concentrate supply-demand dynamics benefiting downstream margins.