Asia-Potash International Investment (Guangzhou) Co., Ltd. Class A

Asia-Potash International Investment (Guangzhou) Co., Ltd. Class A

SSZSE:000893
35.99
CNY
+1.01
(+2.89%)
2.33EPS
17.53P/E
37.78BMarket Cap
Oct 29Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
26.27
31.51
23.53
3.69
2.03
0.56
0.8
0.48
1.11
4.2
4.26
3.88
5.83
7.21
Basic EPS, GAAP
0.38
-1.16
0.09
0.03
-0.91
0.01
0.05
0.08
1.19
2.46
1.35
1.04
1.83
2.33
Free Cash Flow per Basic Share
-4.5
0.35
-1
0.07
-0.16
-0.03
-0.05
-0.08
-0.3
-1.04
-1.64
-0.88
0.43
- -
Dividend per Share
0.46
0.45
0.35
- -
- -
0.01
- -
0.01
- -
- -
0.01
0.07
0.16
0.23
Book Value per Share
2.67
1.24
5.65
5.68
4.77
4.77
4.83
4.91
6.09
10.89
12.08
13.03
14.46
15.81
Tangible Book Value per Share
2.53
1.11
1.02
1.06
4.76
4.77
4.82
4.9
6.09
10.8
11.8
12.74
14.17
15.53
Basic Weighted Avg Shares
383
406
474
651
757
755
758
757
757
825
916
914
914
913
Sales/Revenue/Turnover
10,060
12,804
11,154
2,400
1,536
421
605
363
839
3,466
3,898
3,548
5,325
6,589
Operating Margin (%)
1.33
-2.51
-1.1
0.49
-3.02
3.89
13.77
14.6
47.33
62
38.2
28.89
41.94
42.95
Depreciation Expense
59
66
95
45
48
55
56
57
67
231
461
573
728
- -
Net Income, GAAP
146
-471
43
20
-687
4
41
60
899
2,029
1,235
950
1,673
2,130
Effective Tax Rate (%)
10.88
- -
9.26
- -
- -
104.59
50.27
24.12
8.93
7.42
13.65
7.91
14.47
16.89
Profit Margin (%)
1.45
-3.68
0.38
0.81
-44.76
0.95
6.84
16.42
107.15
58.53
31.69
26.79
31.41
32.33
Working Capital
108
-503
418
414
297
285
386
398
559
1,273
-790
-1,197
-582
610
LT Debt
248
183
- -
- -
- -
- -
- -
12
8
12
576
1,519
1,721
1,816
Total Equity
1,110
542
4,651
4,669
3,890
3,880
3,926
3,997
4,910
11,628
12,638
13,481
13,368
14,619
Return on Invested Capital (%)
2.46
- -
0.53
- -
- -
-0.03
1.19
0.61
8
24.19
9.95
6.2
10.16
13.06
Return on Capital (%)
4.58
- -
3.04
- -
- -
0.24
0.93
1.46
19.78
24.49
10.03
6.87
11.08
14.15
Return on Common Equity (%)
20.33
-59.16
1.78
0.45
-17.38
0.11
1.14
1.62
21.6
27.55
11.58
8.15
13.14
15.96

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
651
763
512
LT Borrowings
1,719
1,791
1,814
LT Finance Leases
3
3
2
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
924
924
924
Market Capitalization
44,327
56,460
37,784

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
2,166
2,565
3,136
Cash, Cash Equivalents & STI
1,293
1,608
2,106
Accounts Receivable, Net
99
88
89
Inventories
525
644
677
Total Current Liabilities
2,747
2,694
2,526
Payables & Accruals
- -
- -
- -
ST Debt
651
763
512
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
16.06%
34.83%
-0.84%
Free Cash Flow
4.71%
87.85%
-149.43%
Net Income, GAAP
-124.95%
309.58%
75.97%
Sales/Revenue/Turnover
31.44%
99.53%
50.09%
Total Cash Common Dividend
- -
280.92%
117.58%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
633
1,064
785
1,065
3,548
2025
1,213
1,309
- -
1,458
5,325
2026
1,488
2,334
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.09
0.21
0.27
0.47
1.04
2025
0.42
0.51
- -
0.34
1.83
2026
0.58
0.9
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.02
0.01
0.04
0.01
0.07
2025
0.05
0.01
- -
0.06
0.16
2026
0.04
0.12
- -
- -
- -

Company Description

CEO
Bing Yan Liu
Full Time Employees
7,171
Sector
Non-energy minerals
Industry
Other metals/Minerals
Address
Guangzhou Chow Tai Fook Finance Center Guangzhou GD China 510623
IPO Date
Dec 24, 1998
Business
Asia-potash International Investment (Guangzhou) Co., Ltd. engages primarily in the research, development, processing, production, sale, and marketing of potash fertilizers, including potassium chloride in powder crystal and granular forms, and brine products. It operates potash mines with significant resource holdings, notably in Laos, where it owns potassium ore mining rights spanning 214.8 square kilometers, representing approximately 829 million tons of pure potassium chloride, making it the largest single potash fertilizer resource enterprise in Asia. Beyond potash fertilizer, the company is involved in grain trading, importing and distributing feed grain ingredients such as corn, sorghum, barley, rapeseed meal, sunflower meal, and palm kernel meal used for poultry feed. The company also operates overseas dry bulk carrier and logistics activities, as well as entrepot trade and provision of logistics solutions. The company, founded in 1998 and headquartered in Guangzhou, China, was formerly known as Donlinks International Investment Co., Ltd. and is listed on the Shenzhen Stock Exchange (Ticker: 000893.SZ). It serves markets primarily in China and Southeast Asia, regions with robust potash fertilizer demand due to proximity to production bases and low transportation costs. Asia-potash has expanded its operations significantly with the development of a 1 million ton per annum potash fertilizer project in Laos, operational since 2021, solidifying its position as a leading potash fertilizer producer in Southeast Asia. Recent major changes include the strategic acquisition of a 9.01% equity stake by Hui Neng Holding Group Co., Ltd. in 2024 for CNY 1.47 billion, signaling a strengthening of its capital base and shareholder profile. The company has also focused on leveraging industry-leading potash mining and refining technology to scale its production capacity and improve operational efficiency. Financially, Asia-potash has demonstrated strong growth with net profit increases exceeding 200% year-over-year in recent reporting periods and continues to pursue growth through both organic expansion and strategic partnerships. The company maintains a diversified business model integrating mining, fertilizer production, grain trading, logistics, and international trade operations. This comprehensive integration supports Asia-potash’s objective of consolidating its leadership in the potash fertilizer industry while expanding its footprint in grain commodity trade and logistics services across Asia and internationally. The firm employs over 5,800 employees and is recognized for corporate responsibility and industry competitiveness in Guangdong Province and beyond.