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    Other metals/Minerals
Western Metal Materials Co. Ltd Class A

Western Metal Materials Co. Ltd Class A

SSZSE:002149
28.69
CNY
-0.04
(-0.14%)
0.22EPS
244.47P/E
26.37BMarket Cap
Oct 30Next 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
3.41
3.36
2.82
3.18
3.66
4.04
4.72
4.77
4.9
6.02
6.61
6.03
6.62
6.34
Basic EPS, GAAP
0.06
0.01
-0.38
0.06
0.13
0.14
0.14
0.19
0.27
0.38
0.4
0.32
0.21
0.22
Free Cash Flow per Basic Share
0.03
0.02
-0.33
-0.39
-0.67
0.11
0.2
-0.8
-0.55
-0.35
0.28
0.6
0.23
- -
Dividend per Share
0.21
0.28
0.29
0.21
0.09
0.22
0.2
0.21
0.24
0.2
0.3
0.32
0.36
0.16
Book Value per Share
2.5
2.52
2.19
4
4.17
4.22
4.23
6.07
5.39
5.72
5.98
6.08
6.75
13.53
Tangible Book Value per Share
2.02
1.94
1.53
3.33
3.46
3.52
3.53
5.39
4.83
5.2
5.49
5.64
6.36
13.08
Basic Weighted Avg Shares
335
365
348
381
425
425
425
425
488
488
488
488
488
488
Sales/Revenue/Turnover
1,145
1,225
983
1,213
1,559
1,720
2,006
2,029
2,395
2,941
3,226
2,946
3,231
3,096
Operating Margin (%)
4.09
7.24
-10.05
3.77
10.73
10.43
10.16
11.04
10.61
10.71
10.94
7.95
5.34
4.76
Depreciation Expense
88
92
101
106
114
117
124
130
137
136
160
166
175
- -
Net Income, GAAP
20
5
-132
21
54
60
61
79
133
185
196
158
103
108
Effective Tax Rate (%)
20.59
4.08
- -
3.85
17.54
13.97
14.2
18.43
3.41
3.65
8.51
2.1
- -
- -
Profit Margin (%)
1.76
0.45
-13.46
1.75
3.47
3.51
3.06
3.91
5.56
6.3
6.08
5.36
3.2
3.49
Working Capital
132
73
-451
411
726
612
675
1,406
1,364
1,240
1,884
1,237
1,078
1,040
LT Debt
426
400
34
16
200
19
150
111
226
99
556
7
13
12
Total Equity
1,056
1,080
984
1,930
2,042
2,111
2,131
2,943
3,015
3,196
3,450
3,528
3,873
7,158
Return on Invested Capital (%)
0.72
0.07
- -
-1.79
3.37
3.64
4.04
3.31
3.92
5.61
5.63
3.61
- -
- -
Return on Capital (%)
2.66
2.11
- -
2.43
1.69
2.23
1.64
2.07
3.15
3.5
3.12
3.31
- -
- -
Return on Common Equity (%)
2.32
0.62
-16.1
1.72
3.11
3.38
3.42
3.63
5.11
6.83
6.87
5.36
3.3
2.24

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1,597
1,644
1,772
LT Borrowings
7
7
7
LT Finance Leases
7
7
6
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
488
488
488
Market Capitalization
22,219
25,163
26,368

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
4,310
4,500
4,660
Cash, Cash Equivalents & STI
697
427
593
Accounts Receivable, Net
1,338
1,584
1,453
Inventories
1,661
1,899
2,034
Total Current Liabilities
3,233
3,402
3,620
Payables & Accruals
- -
- -
- -
ST Debt
1,597
1,644
1,772
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
17.28%
5.69%
9.8%
Free Cash Flow
-60.72%
-37.6%
-61.03%
Net Income, GAAP
14%
11.72%
-34.48%
Sales/Revenue/Turnover
13.15%
10.3%
9.67%
Total Cash Common Dividend
14.04%
16.43%
13.11%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
705
840
676
725
2,946
2025
754
785
- -
948
3,231
2026
603
761
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.08
0.12
0.09
0.04
0.32
2025
0.07
0.06
- -
0.07
0.21
2026
0.02
0.07
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.02
0.17
0.02
0.12
0.32
2025
0.02
0.02
- -
0.12
0.36
2026
0.01
0.01
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Yan Kang
Full Time Employees
1,958
Sector
Non-energy minerals
Industry
Other metals/Minerals
Address
No. 15, West Section of Xijin Road Xi'an SA China 710201
IPO Date
Aug 13, 2007
Website
c-wmm.com
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Business
Western Metal Materials Co., Ltd. (002149.SZ) manufactures and sells high-performance metal materials primarily for aerospace, automotive, and energy applications. The company produces a range of products including titanium alloy billets, bars, plates, and forgings; nickel-based superalloys in forms such as sheets, strips, pipes, and precision components; aluminum-lithium alloys for lightweight structural uses; high-temperature alloys; powder metallurgy products; and fabricated parts like fasteners and engine casings. It also provides processing services encompassing hot rolling, cold rolling, heat treatment, machining, and surface treatment; alongside research and development for advanced materials tailored to high-strength, corrosion-resistant, and lightweight specifications. Founded in 2002 and headquartered in Xi'an, Shaanxi Province, China, the company operates primarily in the domestic Chinese market with facilities concentrated in western China, serving key customers in aviation, gas turbines, and high-end manufacturing sectors. Recent developments include the expansion of its aluminum-lithium alloy production capacity through a new facility commissioned in 2024, enhancing supply for commercial aircraft programs; a strategic partnership with AVIC (Aviation Industry Corporation of China) announced in early 2025 to co-develop next-generation titanium alloys for hypersonic applications; and a RMB 500 million funding round in late 2024 to support R&D in powder metallurgy superalloys amid rising demand from electric vehicle battery casings and renewable energy turbines. No major name changes or reorganizations have occurred recently.