Yunnan Lincang Xinyuan Germanium Industry Co., Ltd. Class A

Yunnan Lincang Xinyuan Germanium Industry Co., Ltd. Class A

SSZSE:002428
84.68
CNY
+4.66
(+5.82%)
0.14EPS
888.86P/E
78.49BMarket Cap
Mar 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
1.27
0.84
0.59
0.46
0.55
0.54
0.64
1.18
0.8
0.86
0.96
1.16
1.59
1.97
Basic EPS, GAAP
0.19
0.19
0.09
-0.16
0.01
0.01
-0.09
0.04
0.02
-0.1
0.01
0.08
0.03
0.14
Free Cash Flow per Basic Share
-0.03
-0.26
-0.21
0.14
0.07
0.01
-0.22
-0.11
0.03
-0.09
-0.29
-0.09
-0.42
- -
Dividend per Share
0.08
0.09
0.06
0.04
0.01
0.01
0.02
0.03
0.04
0.04
0.04
0.07
0.09
0.09
Book Value per Share
2.26
2.37
2.44
2.26
2.27
2.28
2.19
2.23
2.25
2.16
2.17
2.23
2.23
2.35
Tangible Book Value per Share
1.67
1.76
1.9
1.65
1.68
1.69
2.01
2.06
2.08
1.93
1.81
1.88
1.84
1.94
Basic Weighted Avg Shares
648
659
679
645
846
862
657
566
698
624
697
664
672
652
Sales/Revenue/Turnover
824
556
402
298
464
465
418
670
556
537
672
767
1,066
1,288
Operating Margin (%)
16.96
24.34
9.72
-29.77
2.57
3.93
-4.47
8.4
9.7
-8.8
6.29
13.22
8.61
13.18
Depreciation Expense
37
54
63
80
76
75
76
84
92
94
119
126
124
- -
Net Income, GAAP
123
125
61
-103
8
9
-59
23
14
-62
7
53
20
88
Effective Tax Rate (%)
17.91
16.33
10.98
- -
60.79
- -
- -
- -
23.08
- -
- -
15.36
- -
- -
Profit Margin (%)
14.94
22.53
15.18
-34.6
1.82
1.85
-14.13
3.38
2.51
-11.63
1.04
6.92
1.89
6.85
Working Capital
371
235
231
125
176
156
218
109
297
224
190
743
819
1,573
LT Debt
- -
- -
- -
- -
40
- -
39
66
143
157
126
185
257
1,045
Total Equity
1,582
1,625
1,675
1,548
1,533
1,536
1,481
1,536
1,545
1,489
1,500
1,508
1,523
1,607
Return on Invested Capital (%)
6.09
5.36
1.98
- -
0.39
- -
- -
- -
1.13
- -
- -
2.21
- -
- -
Return on Capital (%)
7.72
7.19
3.71
- -
0.96
- -
- -
- -
1.28
- -
- -
3.97
- -
- -
Return on Common Equity (%)
8.59
8.28
3.88
-6.73
0.57
0.58
-4.05
1.57
0.95
-4.34
0.49
3.7
1.38
5.88

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
573
106
106
LT Borrowings
253
823
1,042
LT Finance Leases
3
3
4
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
653
653
653
Market Capitalization
20,737
31,944
78,492

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,764
1,816
2,156
Cash, Cash Equivalents & STI
403
442
417
Accounts Receivable, Net
353
408
548
Inventories
829
745
814
Total Current Liabilities
945
417
584
Payables & Accruals
- -
- -
- -
ST Debt
573
106
106
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-0.9%
-0.15%
0.99%
Free Cash Flow
-206.88%
19.23%
380.64%
Net Income, GAAP
-139.68%
-19.42%
-62.06%
Sales/Revenue/Turnover
13.79%
11.56%
38.89%
Total Cash Common Dividend
13.89%
28.03%
26.86%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
131
217
155
265
767
2025
240
289
- -
267
1,066
2026
289
443
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.02
- -
0.06
0.04
0.08
2025
0.02
0.02
- -
- -
0.03
2026
0.01
0.1
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
0.03
0.02
- -
0.07
2025
0.02
0.05
- -
0.01
0.09
2026
0.01
0.01
- -
- -
- -

Company Description

CEO
Wen Dong Bao
Full Time Employees
1,370
Sector
Non-energy minerals
Industry
Other metals/Minerals
Address
No. 666 Kuixing Street Kunming YU China 650503
IPO Date
May 25, 2010
Business
Yunnan Lincang Xinyuan Germanium Industry Co.,LTD Yunnan Lincang Xinyuan Germanium Industry Co.,LTD engages primarily in germanium mining, pyrometallurgical enrichment, hydrometallurgical purification, zone melting refining, deep processing, and research and development; its core products encompass germanium ingots (germanium metal), high-purity germanium dioxide for zone-refined germanium, organic germanium, catalysis, bismuth germanate crystals, and compound crystals; zone-refined germanium ingots for germanium single crystals and alloys; infrared-grade germanium single crystals, blanks, and lenses for thermal imagers, night monitors, and optical systems; photovoltaic-grade germanium wafers and single crystal chips for solar cells; fiber-optic grade germanium tetrachloride; as well as compound semiconductor materials including gallium arsenide wafers and indium phosphide wafers, germanium radiation detectors, and germanium coal. The company operates a complete germanium industry chain as a high-tech enterprise with over 40 years of production history, serving sectors such as infrared photoelectric devices, solar energy batteries, optical fiber communications, light-emitting diodes, vertical cavity surface emitting lasers, high-power lasers, and optical communication detectors; it distributes products domestically in China and to overseas markets including Europe, Russia, and Japan. Founded in 1998 and headquartered in Kunming, Yunnan Province, China, the company employs 1,356 people and maintains approximately 600 tons of germanium reserves with an annual production capacity of 47.6 tons for material-grade products like germanium ingots. In recent developments, its subsidiary Yunnan Xinyao Semiconductors Co., Ltd. completed a capital increase in November 2024 involving the parent company's investment of approximately 0.191 billion yuan and plans a further 0.4 billion yuan capital raise in December 2024 by introducing strategic investors Shenzhen Venture Capital Manufacturing Industry Transformation and Upgrading New Materials Fund (25% stake) and Shenzhen Yuan Zhi Xing Huo Private Equity Investment Fund Partnership (8.33% stake) to fund research, development, production operations, factory purchases, and equipment acquisitions while the parent retains about 56% equity and actual control; additionally, the company completed the acquisition of an additional 10.87% stake in Yunnan Xinyao Semiconductor Materials Co., Ltd., bolstering its semiconductor materials segment amid rising germanium prices that doubled in 2024, driving Q3 net income to surpass the prior decade's total.