Sinosteel Luonai Materials Technology Co., Ltd. Class A

Sinosteel Luonai Materials Technology Co., Ltd. Class A

SSSE:688119
3.59
CNY
+0.07
(+1.99%)
5.34BMarket Cap
Sinosteel Luonai Materials Technology Co., Ltd. Class A
SSE:688119
(Shanghai Stock Exchange)

Recent

price

3.59

P/E

ratio

- -

div

yld

0.28%

ROIC.AI

2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
3.29
3.81
4.03
2.96
2.95
2.65
2.23
1.94
1.78
- -
Revenue per Share
0.02
0.22
0.3
0.29
0.25
0.23
0.06
-0.05
-0.13
- -
Basic EPS, GAAP
-0.01
0.04
0.18
-0.09
0.07
-0.07
-0.22
-0.1
0.06
- -
Free Cash Flow per Basic Share
0.03
0.14
0.06
0.11
0.02
0.03
0.15
0.05
0.01
0.01
Dividend per Share
0.25
0.37
0.5
1.79
2.03
2.78
2.73
2.63
2.5
2.43
Book Value per Share
-0.02
0.11
0.25
1.53
1.69
2.52
2.47
2.37
2.25
2.19
Tangible Book Value per Share
431
431
451
683
900
1,012
1,124
1,126
1,125
1,129
Basic Weighted Avg Shares
1,418
1,641
1,820
2,018
2,655
2,688
2,512
2,188
1,997
- -
Sales/Revenue/Turnover
4.63
10.31
8.47
11.14
10.33
9.03
4.4
1.34
0.41
- -
Operating Margin (%)
47
45
44
48
54
73
83
90
90
- -
Depreciation Expense
10
97
135
197
224
233
70
-59
-150
- -
Net Income, GAAP
27.87
8.56
9.98
8.8
8.31
- -
4.94
- -
- -
- -
Effective Tax Rate (%)
0.71
5.9
7.4
9.75
8.45
8.65
2.79
-2.7
-7.5
- -
Profit Margin (%)
343
548
414
1,501
1,325
2,777
2,361
1,743
1,528
1,470
Working Capital
564
602
506
509
508
754
500
- -
- -
- -
LT Debt
288
385
509
1,646
1,865
3,189
3,131
3,017
2,876
2,792
Total Equity
- -
14.59
13.49
13.4
10.56
- -
2.22
- -
- -
- -
Return on Invested Capital (%)
- -
12.81
14.54
12.87
10.37
- -
2.38
- -
- -
- -
Return on Capital (%)
- -
34.74
34.47
19.11
13.07
9.38
2.26
-1.96
-5.19
- -
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
500
500
500
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,125
1,125
1,125
Market Capitalization
6,289
5,850
5,344

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
3,512
3,411
3,381
Cash, Cash Equivalents & STI
1,619
1,551
1,523
Accounts Receivable, Net
894
975
998
Inventories
519
556
521
Total Current Liabilities
1,984
1,875
1,911
Payables & Accruals
- -
- -
- -
ST Debt
500
500
500
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
14.83%
-4.68%
Free Cash Flow
- -
-75.3%
-161.68%
Net Income, GAAP
- -
-16.66%
153.3%
Sales/Revenue/Turnover
- -
0.92%
-8.72%
Total Cash Common Dividend
- -
60.39%
-71.74%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
533
596
511
548
2,188
2025
541
469
- -
492
1,997
2026
464
501
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
-0.01
- -
-0.05
-0.05
2025
0.02
0.01
- -
-0.15
-0.13
2026
- -
-0.08
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
0.04
- -
- -
0.05
2025
- -
- -
- -
- -
0.01
2026
- -
- -
- -
- -
- -
Business
Sinosteel Luonai Materials Technology Co., Ltd. is a China-based company primarily engaged in the research, development, manufacture, sales, and technical servicing of medium- and high-grade refractory materials for high-temperature industrial applications. Founded in 1958 and headquartered in Luoyang, Henan Province, China, the company operates as a specialized materials enterprise under Sinosteel Group and is ultimately controlled by China Baowu Steel Group Corporation Limited. Sinosteel Luonai Materials Technology Co., Ltd. structures its product and service portfolio into shaped refractory materials, unshaped refractory materials, functional continuous-casting refractories, advanced ceramic materials, and engineering services. Its shaped refractory offerings include silica-based refractories such as coke oven silica bricks and hot blast stove silica bricks; basic refractories including magnesia-carbon bricks, magnesia-chrome bricks, and magnesia-spinel bricks; alumina-silica refractories comprising high-alumina bricks, corundum bricks, mullite bricks, and andalusite bricks; and composite refractories such as silicon nitride bonded silicon carbide products. Its unshaped refractory solutions encompass high-performance refractory castables, gunning mixes, ramming masses, plastic refractories, coating materials, and refractory mortars. The company also produces functional flow control refractories, including slide gate plates, submerged entry nozzles, ladles, tundish nozzles, and monoblock stoppers, alongside specialized kiln furniture and structural ceramics. In addition to material manufacturing, the company delivers engineering, procurement, and construction (EPC) refractory contracting services; industrial kiln design, masonry, and maintenance; full-lifecycle refractory operational management; and intelligent high-temperature monitoring solutions. Sinosteel Luonai Materials Technology Co., Ltd. serves industrial clients across the iron and steel, nonferrous metals, petrochemical, building materials, glass, cement, power generation, and environmental waste incineration sectors, distributing its products domestically throughout China and exporting to international markets across Asia, Europe, the Americas, the Middle East, and Africa. In recent developments, the company has deepened its strategic and operational integration within the China Baowu Steel Group ecosystem following the restructuring of Sinosteel Group, generating supply chain and client synergies across high-end metallurgical markets. Furthermore, the company has expanded its focus on green, low-carbon refractory solutions, advancing research partnerships for hydrogen-based metallurgy and clean steel smelting refractories while accelerating automated production upgrades and broadening its integrated full-lifecycle contracting service model.