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Sichuan Anning Iron and Titanium Co. Ltd. Class A

Sichuan Anning Iron and Titanium Co. Ltd. Class A

SSZSE:002978
24.47
CNY
+0.47
(+1.96%)
12.10BMarket Cap
Sichuan Anning Iron and Titanium Co. Ltd. Class A
SZSE:002978
(Shenzhen Stock Exchange)

Recent

price

24.47

P/E

ratio

- -

div

yld

0.84%

ROIC.AI

2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
8.38
2.53
2.42
3.57
3.41
3.81
4.22
5.74
4.98
4.63
4.64
4.26
- -
Revenue per Share
1.53
0.23
0.4
1.53
1.36
1.44
1.81
3.58
2.73
2.34
2.13
1.53
- -
Basic EPS, GAAP
-2.44
-0.03
0.07
0.66
1.52
0.59
2.28
2.49
1.32
0.07
0.33
-1.23
- -
Free Cash Flow per Basic Share
0.25
0.29
0.11
0.21
0.8
0.02
0.26
1.71
1.14
1
1.03
0.61
0.21
Dividend per Share
8.24
9.11
10.84
15.43
5.1
6.51
10.07
11.99
13.61
14.98
20.3
18.27
19.02
Book Value per Share
7.77
5.89
7.71
12.36
4.23
5.64
9.31
11.25
12.44
13.8
19.14
17.25
18.02
Tangible Book Value per Share
100
289
304
360
360
360
387
401
401
401
400
471
471
Basic Weighted Avg Shares
837
732
738
1,287
1,228
1,375
1,636
2,303
1,996
1,856
1,857
2,009
- -
Sales/Revenue/Turnover
25.96
17.02
21.68
50.27
41.45
41.31
48.48
64.56
60.76
55.51
52.63
46.32
- -
Operating Margin (%)
65
70
82
85
100
111
124
127
156
181
206
236
- -
Depreciation Expense
153
67
122
550
490
519
701
1,435
1,095
936
852
720
- -
Net Income, GAAP
15.61
19.9
12.87
12.71
12.19
12.87
14.76
13.76
15
15.2
15.3
18.1
- -
Effective Tax Rate (%)
18.25
9.09
16.5
42.77
39.91
37.76
42.81
62.31
54.85
50.45
45.86
35.84
- -
Profit Margin (%)
-674
-497
-313
-82
56
529
1,782
2,440
2,630
2,458
3,732
587
1,934
Working Capital
200
45
200
- -
- -
- -
- -
3
1
- -
100
3,710
5,494
LT Debt
873
966
1,149
1,635
1,839
2,348
4,039
4,808
5,459
6,056
8,190
8,670
9,012
Total Equity
- -
4.07
6.74
28.04
23.82
23.53
21.66
31.42
20.19
15.26
11.32
6.79
- -
Return on Invested Capital (%)
- -
6.03
9.14
30.14
25.53
24.39
22.02
32.35
20.75
15.65
11.59
7.06
- -
Return on Capital (%)
- -
7.24
11.51
39.54
28.22
24.8
21.94
32.44
21.32
16.33
12.04
8.59
- -
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
439
15
5
LT Borrowings
3,709
5,520
5,492
LT Finance Leases
1
1
1
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
472
472
472
Market Capitalization
15,599
15,420
12,097

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
4,068
4,656
3,820
Cash, Cash Equivalents & STI
2,179
2,679
1,837
Accounts Receivable, Net
26
73
70
Inventories
1,440
1,445
1,436
Total Current Liabilities
3,481
2,379
1,885
Payables & Accruals
- -
- -
- -
ST Debt
439
15
5
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
25.8%
16.92%
5.86%
Free Cash Flow
78.33%
-60.32%
-541.88%
Net Income, GAAP
50.72%
8.43%
-15.46%
Sales/Revenue/Turnover
13.02%
5.72%
8.17%
Total Cash Common Dividend
216.1%
101.87%
-30.5%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
445
400
514
498
1,857
2025
550
557
- -
402
2,009
2026
502
513
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.57
0.52
0.61
0.42
2.13
2025
0.49
0.45
- -
0.18
1.53
2026
0.32
0.4
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
0.51
0.51
0.01
1.03
2025
0.01
0.52
- -
0.05
0.61
2026
0.07
0.08
- -
- -
- -
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Business
Sichuan Anning Iron and Titanium Co., Ltd. (002978.SZ) engages in the mining, beneficiation, and sale of vanadium-titanium magnetite ore in China; it produces vanadium-titanium iron concentrate with over 60% iron grade, titanium concentrate, ilmenite concentrate, and titanium middlings; the company operates primarily in Panzhihua City, Sichuan Province, leveraging the Panxi region's rich polymetallic resources for comprehensive mineral utilization. Founded in 1994 and headquartered at No. 197 Anning Road, Miyi County, Panzhihua, the company serves the metals and mining sector, targeting steelmakers and titanium producers with high-grade concentrates that support downstream smelting and chemical applications; it employs approximately 1,854 people and holds honors as a national high-tech enterprise, green mining operator, and leader in resource efficiency. In 2025, the board approved a 6.508 billion yuan phased cash acquisition of 100% equity in Panzhihua Jingzhi Mining Co., Ltd. and affiliates Hongxin Industry and Trade and Liyu Mining through substantive restructuring, enhancing resource reserves by over 113 million tons of ore including 10.66 million tons of TiO2 from the Xiaohongqing iron mine; this strategic move aligns with the company's global expansion via horizontal resource mergers and vertical chain integration, pending shareholder and court approval to boost scale, market share, and profitability.