000657.SHE China Tungsten and Hightech Materials Co Ltd
- Market cap
- CNY 81.6B
- P/E
- 23.7x
- P/B
- 6.65x
- ROE
- 32.4%
- Dividend yield
- 0.55%
- Fundamental score
- -
Ratios use the latest price and the current fiscal year annualized from 3 quarters up to Sep 2026.
Is 000657.SHE undervalued?
Graham number000657.SHE trades 164.8% above its Graham number.
Graham number = √(22.5 × EPS × book value per share): the most a defensive investor should pay according to Benjamin Graham. An estimate, not a recommendation to buy or sell. How is it calculated?
China Tungsten and Hightech Materials Co Ltd fundamental analysis
No fundamental analysis for China Tungsten and Hightech Materials Co Ltd yet.
China Tungsten and Hightech Materials Co Ltd stock price
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About China Tungsten and Hightech Materials Co Ltd
China Tungsten And Hightech Materials Co.,Ltd researches, develops, produces, sells, and trades in nonferrous metals in China and internationally. The company's products include cutting tools and instruments, including solid cutting tools, CNC cutting tools, cutting CNC and traditional blades, and it tools; other cemented carbides, including bars, mining alloys, rolls, top hammers, special-shaped parts, precision parts, traditional alloys, drilling tools, and finished tools;…
Full company profileChina Tungsten and Hightech Materials Co Ltd financial statements
2026 annualized: Fiscal year 2026 is not finished. Income statement and cash flow are annualized from 3 quarters up to Sep 30, 2026, the balance sheet is the latest quarter. Figures change when the annual report is published.
China Tungsten and Hightech Materials Co Ltd annual financial statements (CNY; K = thousand, M = million, B = billion, T = trillion)
| Item | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 Anlz |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||
| Revenue | 5.20B | 6.71B | 8.18B | 8.81B | 9.92B | 12.1B | 13.1B | 13.7B | 14.7B | 17.6B | 31.6B |
| Gross Profit | 919M | 1.24B | 1.43B | 1.60B | 1.67B | 2.15B | 2.20B | 2.83B | 3.17B | 4.18B | 9.80B |
| Operating Income | 45.9M | 237M | 356M | 296M | 330M | 732M | 709M | 1.01B | 1.14B | 1.98B | 6.71B |
| EBITDA | 499M | 688M | 774M | 760M | 827M | 1.27B | 1.16B | 1.69B | 1.83B | 2.52B | 5.29B |
| Net Income | 13.3M | 135M | 136M | 124M | 221M | 528M | 535M | 800M | 939M | 1.28B | 3.97B |
| EPS | 0.01 | 0.12 | 0.12 | 0.11 | 0.18 | 0.38 | 0.38 | 0.57 | 0.45 | 0.56 | 1.74 |
| Balance Sheet | |||||||||||
| Total Assets | 6.67B | 7.42B | 7.44B | 7.84B | 9.28B | 9.82B | 11.7B | 15.7B | 17.4B | 21.4B | 29.9B |
| Total Liabilities | 3.16B | 3.67B | 3.66B | 3.77B | 4.34B | 4.18B | 5.57B | 7.82B | 9.13B | 10.9B | 16.6B |
| Shareholders' Equity | 2.98B | 3.17B | 3.18B | 3.48B | 4.30B | 4.91B | 5.39B | 7.13B | 7.55B | 9.72B | 12.3B |
| Cash & Short-term Investments | 602M | 959M | 913M | 769M | 947M | 969M | 761M | 1.21B | 1.52B | 2.03B | 2.42B |
| Total Debt | 1.44B | 1.49B | 1.80B | 2.30B | 2.66B | 1.47B | 1.99B | 2.43B | 2.88B | - | - |
| Cash Flow | |||||||||||
| Operating Cash Flow | 467M | 532M | 402M | 604M | -172M | 888M | 766M | 152M | 902M | 389M | - |
| Capital Expenditure | 273M | 221M | 360M | 500M | 567M | 517M | 582M | 362M | 857M | 792M | 1.03B |
| Free Cash Flow | 194M | 291M | 42.1M | 104M | -739M | 371M | 185M | -210M | 45.5M | -402M | -1.78B |
| Ratios | |||||||||||
| ROE | 0.4% | 4.3% | 4.3% | 3.6% | 5.1% | 10.7% | 9.9% | 11.2% | 12.4% | 13.2% | 32.4% |
| ROA | 0.2% | 1.8% | 1.8% | 1.6% | 2.4% | 5.4% | 4.6% | 5.1% | 5.4% | 6.0% | 13.3% |
| Net Profit Margin | 0.3% | 2.0% | 1.7% | 1.4% | 2.2% | 4.4% | 4.1% | 5.8% | 6.4% | 7.3% | 12.6% |
| Debt to Equity | 0.48x | 0.47x | 0.57x | 0.66x | 0.62x | 0.30x | 0.37x | 0.34x | 0.38x | - | - |
What these items mean
- Revenue
- Total sales of goods and services in the period.
- Gross Profit
- Revenue minus the direct cost of producing what was sold.
- Operating Income
- Profit from the core business after operating expenses.
- EBITDA
- Earnings before interest, taxes, depreciation and amortization.
- Net Income
- Profit left for shareholders after all expenses, interest and taxes.
- EPS
- Net income divided by shares outstanding.
- Total Assets
- Everything the company owns.
- Total Liabilities
- Everything the company owes.
- Shareholders' Equity
- Assets minus liabilities: the book value that belongs to shareholders.
- Cash & Short-term Investments
- Cash and investments that can be turned into cash quickly.
- Total Debt
- Short and long-term borrowings.
- Operating Cash Flow
- Cash generated by the core business.
- Capital Expenditure
- Cash spent on property, plant and equipment.
- Free Cash Flow
- Operating cash flow minus capital expenditure: cash left for dividends, buybacks or debt repayment.
- ROE
- Return on equity: net income divided by shareholders' equity.
- ROA
- Return on assets: net income divided by total assets.
- Net Profit Margin
- Net income as a share of revenue.
- Debt to Equity
- Total debt divided by shareholders' equity.
China Tungsten and Hightech Materials Co Ltd dividends
- Dividend yield
- 0.55%
- Forward dividend
- 0.23 CNY
- Payout ratio
- 34.8%
- Ex-dividend date
- Jul 6, 2026
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | CNY 446M | 0.20 | 34.8% |
| 2024 | CNY 274M | 0.13 | 29.1% |
| 2023 | CNY 257M | 0.18 | 32.2% |
| 2022 | CNY 234M | 0.17 | 43.7% |
| 2021 | CNY 106M | 0.08 | 20.2% |
| 2020 | CNY 97.9M | 0.08 | 44.3% |
| 2019 | CNY 105M | 0.09 | 84.8% |
| 2018 | CNY 90.5M | 0.08 | 66.6% |
| 2017 | CNY 78.0M | 0.07 | 57.8% |
From the cash flow statement: dividends paid in the fiscal year, divided by that year's shares outstanding. Payout ratio = dividends paid / net income.
Last stock split: 1.3:1 on Jun 9, 2023.
Who owns China Tungsten and Hightech Materials Co Ltd
- Insiders 65.45%
- Institutions 8.22%
- Public & others 26.34%
- Shares outstanding 2.28B
- Free float 799M
China Tungsten and Hightech Materials Co Ltd company profile
- Company name
- China Tungsten and Hightech Materials Co Ltd
- Ticker
- 000657.SHE
- ISIN
- CNE0000006M4
- Exchange
- Shenzhen Stock Exchange
- Listed since
- Nov 25, 1996
- Sector
- Basic Materials
- Industry
- Metals & Mining
- Employees
- 9,155
- Fiscal year end
- December
- Address
- Diamond Building, Zhuzhou, China, 412000
- Phone
- 86 731 2826 5915
- Website
- minmetalstungsten.com
About China Tungsten and Hightech Materials Co Ltd
China Tungsten And Hightech Materials Co.,Ltd researches, develops, produces, sells, and trades in nonferrous metals in China and internationally. The company's products include cutting tools and instruments, including solid cutting tools, CNC cutting tools, cutting CNC and traditional blades, and it tools; other cemented carbides, including bars, mining alloys, rolls, top hammers, special-shaped parts, precision parts, traditional alloys, drilling tools, and finished tools; refractory metals, such as tungsten-molybdenum products, tantalum-niobium products, hard facing materials, cast tungsten carbide, thermal spray products, and tungsten wire. It also offers concentrates and powder products, including tungsten, fluorite, molybdenum, and bismuth concentrate; tungsten carbide powder; blue and yellow tungsten; mixtures; and cobalt powder, as well as trade and equipment business. The company's products are used in traditional industrial fields, such as automobile manufacturing, rail transportation, shipbuilding, marine engineering equipment, military industry, mining, tunneling, mechanical processing, steel metallurgy, etc., and in high-end fields, such as aerospace, new energy, artificial intelligence, semiconductors, and electronic information. The company was formerly known as Hainan Jinhai Co., Ltd. and changed its name to China Tungsten And Hightech Materials Co.,Ltd in 2000. China Tungsten And Hightech Materials Co.,Ltd was founded in 1993 and is headquartered in Zhuzhou, China. As of December 10, 2020, China Tungsten And Hightech Materials Co.,Ltd operates as a subsidiary of China Minmetals Co., Ltd.
China Tungsten and Hightech Materials Co Ltd management
3- Mr. Shen QiGM & Director · born 1980
- Ms. Dan WangDeputy GM & Board Secretary · born 1982
- Mr. Shequan WangDeputy General Manager · born 1972