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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
Western Metal Materials Co. Ltd Class A
SZSE:002149
(Shenzhen Stock Exchange)

Recent

price

28.69

P/E

ratio

244.47

div

yld

0.55%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
3.6
4.12
4.06
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
Revenue per Share
0.12
-0.06
0.06
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
Basic EPS, GAAP
-0.98
-0.1
0.37
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
- -
Free Cash Flow per Basic Share
0.15
0.28
0.26
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
Dividend per Share
2.55
2.38
2.46
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
Book Value per Share
2.19
1.98
2.04
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
Tangible Book Value per Share
348
362
346
335
365
348
381
425
425
425
425
488
488
488
488
488
488
Basic Weighted Avg Shares
1,253
1,494
1,404
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
Sales/Revenue/Turnover
7.95
5.83
5.57
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
Operating Margin (%)
41
67
85
88
92
101
106
114
117
124
130
137
136
160
166
175
- -
Depreciation Expense
40
-24
22
20
5
-132
21
54
60
61
79
133
185
196
158
103
108
Net Income, GAAP
15.83
- -
7.76
20.59
4.08
- -
3.85
17.54
13.97
14.2
18.43
3.41
3.65
8.51
2.1
- -
- -
Effective Tax Rate (%)
3.19
-1.58
1.6
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
Profit Margin (%)
-65
-419
-468
132
73
-451
411
726
612
675
1,406
1,364
1,240
1,884
1,237
1,078
1,040
Working Capital
300
85
15
426
400
34
16
200
19
150
111
226
99
556
7
13
12
LT Debt
1,045
996
1,039
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
Total Equity
2.98
- -
-0.75
0.72
0.07
- -
-1.79
3.37
3.64
4.04
3.31
3.92
5.61
5.63
3.61
- -
- -
Return on Invested Capital (%)
2.08
- -
3.78
2.66
2.11
- -
2.43
1.69
2.23
1.64
2.07
3.15
3.5
3.12
3.31
- -
- -
Return on Capital (%)
4.61
-2.74
2.66
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
Return on Common Equity (%)

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
- -
- -
- -
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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.