Yunnan Tin Co., Ltd. Class A

Yunnan Tin Co., Ltd. Class A

SSZSE:000960
25.17
CNY
+0.32
(+1.29%)
1.50EPS
30.86P/E
70.24BMarket Cap
Oct 26Next 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
20.93
18.86
21.11
22.72
22.38
23.84
25.88
27.22
32.72
31.59
25.74
24.78
25.6
31.49
Basic EPS, GAAP
-1.28
0.09
-1.34
0.09
0.46
0.53
0.51
0.42
1.71
0.82
0.86
0.85
1.16
1.38
Free Cash Flow per Basic Share
-0.26
0.3
0.14
0.21
0.39
-0.32
0.09
0.05
0.52
2.02
0.71
1.47
0.39
- -
Dividend per Share
0.78
0.63
0.46
0.42
0.38
0.45
0.4
0.41
0.48
0.47
0.41
0.5
0.44
0.76
Book Value per Share
6.13
8.18
5.23
5.35
6.57
7.16
7.43
7.59
9.3
9.96
10.81
12.67
13.22
13.65
Tangible Book Value per Share
5.61
4.84
2.73
2.66
4.27
4.75
6.68
6.69
8.65
9.31
10.13
12.01
12.57
13.01
Basic Weighted Avg Shares
1,047
1,472
1,472
1,472
1,538
1,662
1,657
1,646
1,646
1,646
1,646
1,694
1,701
1,653
Sales/Revenue/Turnover
21,922
27,771
31,079
33,429
34,410
39,603
42,887
44,795
53,844
51,998
42,359
41,973
43,535
52,055
Operating Margin (%)
-3.57
4.61
-1.29
3.6
5.91
5.24
4.91
4.34
8.45
6.48
5.24
5.77
7.66
8.48
Depreciation Expense
519
766
899
850
857
825
1,020
1,003
1,295
1,324
1,587
1,568
1,559
- -
Net Income, GAAP
-1,341
134
-1,970
136
706
885
849
690
2,817
1,346
1,408
1,444
1,966
2,287
Effective Tax Rate (%)
- -
29.51
- -
29.17
12.65
13.77
15.05
14.63
13.51
13.79
12.54
14.43
16.54
16.62
Profit Margin (%)
-6.12
0.48
-6.34
0.41
2.05
2.23
1.98
1.54
5.23
2.59
3.32
3.44
4.52
4.39
Working Capital
-3,718
-3,308
-5,836
-6,792
-4,813
-2,647
-6,418
-2,292
1,234
1,428
3,033
4,766
3,953
5,307
LT Debt
1,661
2,954
3,178
2,473
1,594
4,211
2,340
7,425
7,766
7,952
9,023
5,831
2,964
2,446
Total Equity
7,088
10,731
8,687
8,961
12,233
14,162
14,033
14,411
17,123
17,322
18,810
21,917
22,975
23,771
Return on Invested Capital (%)
- -
0.54
- -
1.33
4.39
4.1
3.9
2.92
9.36
4.7
4.97
5.49
7.79
9.84
Return on Capital (%)
- -
2.75
- -
2.12
4.07
4.42
3.95
3.53
9.56
4.94
5.23
4.89
5.98
6.65
Return on Common Equity (%)
-23.34
1.63
-23.03
1.75
7.5
7.73
6.97
5.51
19.99
8.44
8.24
7.48
9.23
10.54

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
8,529
11,777
10,708
LT Borrowings
2,473
3,085
2,196
LT Finance Leases
491
242
250
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,646
1,645
1,645
Market Capitalization
45,885
51,930
70,243

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
16,836
22,420
20,045
Cash, Cash Equivalents & STI
2,551
5,493
4,067
Accounts Receivable, Net
409
675
778
Inventories
10,827
10,613
10,022
Total Current Liabilities
12,884
16,807
14,738
Payables & Accruals
- -
- -
- -
ST Debt
8,529
11,777
10,708
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
10.71%
9.98%
4.83%
Free Cash Flow
106.05%
255.48%
-73.34%
Net Income, GAAP
61.35%
59.82%
36.14%
Sales/Revenue/Turnover
3.94%
0.21%
3.72%
Total Cash Common Dividend
2.02%
3.04%
-12.19%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
8,399
10,376
10,438
12,760
41,973
2025
9,729
11,365
- -
9,118
43,535
2026
15,552
16,021
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.2
0.29
0.29
0.1
0.85
2025
0.29
0.34
- -
0.13
1.16
2026
0.52
0.39
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.06
0.32
0.09
0.05
0.5
2025
0.13
0.26
- -
0.03
0.44
2026
0.15
0.33
- -
- -
- -

Company Description

CEO
Shi Huang
Full Time Employees
12,646
Sector
Non-energy minerals
Industry
Other metals/Minerals
Address
No. 471 Minhang Road Kunming YN China 650200
IPO Date
Feb 21, 2000
Website
ytl.com.cn
Business
Yunnan Tin Company Limited (000960.SZ) engages in the exploration, mining, beneficiation, smelting, refining, and processing of non-ferrous metals, primarily tin, copper, zinc, and indium; it produces tin ingots, cathode copper, zinc ingots, indium ingots, silver ingots, bismuth ingots, sulfuric acid, copper sulfate, tin-lead solder, lead-free solder, tin base alloys, organic and inorganic tin chemicals including tin dichloride dihydrate, stannous sulfate, stannic oxide, stannous chloride, sodium stannate, tin oxide, potassium stannate, and metastannic acid, as well as tin profiles and related downstream materials. Founded in 1883 with roots tracing to the Qing Dynasty's Gejiu Manufacture & Commercial Bureau and restructured as a listed entity in 1998 before its Shenzhen Stock Exchange debut in 2000, the company, a subsidiary of Yunnan Tin Group (Holding) Co., Ltd., operates from headquarters in Kunming, Yunnan Province, China, with mining, smelting, and processing activities spanning China and international ventures particularly in Southeast Asia. It serves global markets in aerospace, 5G communications, photovoltaics, semiconductors, and electronics, holding the position as a leading global producer with tin and indium reserves ranking first worldwide and output capacities including 80,000 tons per year of tin, 100,000 tons of cathode copper, 24,000 tons of tin chemicals, 38,000 tons of tin profiles, and 120,000 tons of zinc products. Recent developments include a strategic partnership established in August 2024 with PT Timah Tbk and parent MIND ID to enhance supply chain efficiency, mining, smelting, refining, trading, and downstream product development across mineral resources; a planned share buyback announced in April 2025; and ongoing global expansion under Yunnan Tin Group's innovation-led "4+2" industrial framework implemented since 2021, which has incubated 17 new state- and provincial-level platforms focused on high-end materials like solder, ITO targets, and high-purity semiconductors.