002378.SHE Chongyi Zhangyuan Tungsten Co Ltd
- Market cap
- CNY 19.5B
- P/E
- 23.8x
- P/B
- 6.66x
- ROE
- 32.9%
- Dividend yield
- 0.78%
- Fundamental score
- -
Ratios use the latest price and the current fiscal year annualized from 3 quarters up to Sep 2026.
Is 002378.SHE undervalued?
Graham number002378.SHE trades 165.6% 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?
Chongyi Zhangyuan Tungsten Co Ltd fundamental analysis
No fundamental analysis for Chongyi Zhangyuan Tungsten Co Ltd yet.
Chongyi Zhangyuan Tungsten Co Ltd stock price
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About Chongyi Zhangyuan Tungsten Co Ltd
Chongyi Zhangyuan Tungsten Co., Ltd. engages in the exploration, mining, smelting, milling, deep processing, and trade of tungsten and other metal mineral products in China and internationally. The company produces and sells ammonium paratungstate, tungsten oxide, tungsten powder, tungsten wire, metal ceramic blades, and tungsten carbide powder, as well as cemented carbide products, including mixed material, ball teeth, cutting tools, shapes, cold heading dies, brazing inser…
Full company profileChongyi Zhangyuan Tungsten 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.
Chongyi Zhangyuan Tungsten 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 | 1.31B | 1.83B | 1.87B | 1.83B | 1.93B | 2.66B | 3.20B | 3.40B | 3.67B | 5.20B | 11.2B |
| Gross Profit | 158M | 267M | 315M | 17.1M | 243M | 420M | 492M | 475M | 565M | 5.20B | 2.76B |
| Operating Income | 5.49M | 67.3M | 76.6M | -293M | 43.8M | 192M | 234M | 175M | 218M | 354M | 2.14B |
| EBITDA | 243M | 268M | 321M | -21.1M | 324M | 485M | 526M | 462M | 488M | 354M | 1.19B |
| Net Income | 47.1M | 31.4M | 46.3M | -288M | 37.2M | 165M | 203M | 144M | 172M | 290M | 961M |
| EPS | 0.04 | 0.02 | 0.04 | -0.24 | 0.03 | 0.14 | 0.17 | 0.12 | 0.14 | 0.24 | 0.80 |
| Balance Sheet | |||||||||||
| Total Assets | 3.31B | 3.60B | 4.00B | 3.69B | 3.91B | 4.57B | 4.79B | 4.88B | 4.97B | - | 9.41B |
| Total Liabilities | 1.36B | 1.63B | 2.00B | 2.00B | 2.21B | 2.70B | 2.79B | 2.83B | 2.84B | - | 6.49B |
| Shareholders' Equity | 1.95B | 1.96B | 1.99B | 1.68B | 1.69B | 1.87B | 2.00B | 2.04B | 2.13B | - | 2.92B |
| Cash & Short-term Investments | 403M | 313M | 579M | 408M | 540M | 730M | 562M | 661M | 494M | - | 690M |
| Total Debt | 896M | 1.33B | 1.14B | 1.39B | 1.02B | 1.13B | 1.27B | 1.41B | 1.59B | - | - |
| Cash Flow | |||||||||||
| Operating Cash Flow | 110M | -188M | 213M | 111M | 693M | 178M | 210M | 187M | 505M | - | - |
| Capital Expenditure | 93.1M | 181M | 132M | 153M | 225M | 241M | 219M | 99.5M | 376M | - | 106M |
| Free Cash Flow | 16.5M | -370M | 81.5M | -41.9M | 468M | -62.9M | -9.04M | 87.7M | 129M | - | -1.35B |
| Ratios | |||||||||||
| ROE | 2.4% | 1.6% | 2.3% | -17.1% | 2.2% | 8.8% | 10.2% | 7.1% | 8.1% | - | 32.9% |
| ROA | 1.4% | 0.9% | 1.2% | -7.8% | 1.0% | 3.6% | 4.2% | 3.0% | 3.5% | - | 10.2% |
| Net Profit Margin | 3.6% | 1.7% | 2.5% | -15.8% | 1.9% | 6.2% | 6.3% | 4.2% | 4.7% | 5.6% | 8.6% |
| Debt to Equity | 0.46x | 0.68x | 0.57x | 0.83x | 0.60x | 0.60x | 0.63x | 0.69x | 0.75x | - | - |
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.
Chongyi Zhangyuan Tungsten Co Ltd dividends
- Dividend yield
- 0.78%
- Forward dividend
- 0.12 CNY
- Payout ratio
- 87.7%
- Ex-dividend date
- Jun 26, 2026
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2024 | CNY 151M | 0.12 | 87.7% |
| 2023 | CNY 184M | 0.15 | 127.9% |
| 2022 | CNY 165M | 0.14 | 81.4% |
| 2021 | CNY 74.6M | 0.06 | 45.2% |
| 2020 | CNY 78.0M | 0.06 | 209.8% |
| 2019 | CNY 18.5M | 0.02 | - |
| 2018 | CNY 77.0M | 0.06 | 166.4% |
| 2017 | CNY 63.2M | 0.05 | 201.3% |
| 2016 | CNY 36.7M | 0.03 | 77.9% |
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 5, 2023.
Who owns Chongyi Zhangyuan Tungsten Co Ltd
- Insiders 58.06%
- Institutions 2.46%
- Public & others 39.48%
- Shares outstanding 1.20B
- Free float 507M
Chongyi Zhangyuan Tungsten Co Ltd company profile
- Company name
- Chongyi Zhangyuan Tungsten Co Ltd
- Ticker
- 002378.SHE
- ISIN
- CNE100000MX2
- Exchange
- Shenzhen Stock Exchange
- Listed since
- Mar 9, 2010
- Sector
- Basic Materials
- Industry
- Metals & Mining
- Employees
- 3,990
- Fiscal year end
- December
- Address
- Chongyi County, Ganzhou, China, 341300
- Phone
- 86 79 7381 3839
- Website
- zy-tungsten.com
About Chongyi Zhangyuan Tungsten Co Ltd
Chongyi Zhangyuan Tungsten Co., Ltd. engages in the exploration, mining, smelting, milling, deep processing, and trade of tungsten and other metal mineral products in China and internationally. The company produces and sells ammonium paratungstate, tungsten oxide, tungsten powder, tungsten wire, metal ceramic blades, and tungsten carbide powder, as well as cemented carbide products, including mixed material, ball teeth, cutting tools, shapes, cold heading dies, brazing inserts, and thermal spray powders. The company was founded in 1990 and is headquartered in Ganzhou, China. Chongyi Zhangyuan Tungsten Co., Ltd. is a subsidiary of Chongyi Zhangyuan Investment Holding Co., Ltd.
Chongyi Zhangyuan Tungsten Co Ltd management
7- Mr. Shichun HuangVice Chairman & GM · born 1983
- Mr. Diyao FanCFO, Executive Deputy GM & Director · born 1966
- Ms. Ji LiuDeputy GM, Secretary & Director · born 1971
- Mr. Changhong LaiDeputy General Manager · born 1971
- Mr. Bangming ChenDeputy General Manager · born 1970
- Mr. Guozuan XuDeputy General Manager · born 1985
- Ru Hong HuangHead of Accounting