J 
Jiangxi Tungsten Rare and Precious Equipment Co 600397.SS · CNY
Energy · Shanghai · 🇨🇳 China
12.59
+0.32%
Close of 9 Nov 2026, in CNY
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At a glance
Figures in CNY, from our data supplier.
Revenue
CN¥2.58bn
FY2016FY2025
Net income
−CN¥291.3m
FY2016FY2025
Free cash flow
−CN¥141.1m
FY2016FY2025
Shareholders' equity
CN¥191.5m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.58bn | CN¥5.40bn | CN¥6.87bn | CN¥8.92bn | CN¥9.38bn | CN¥7.60bn | CN¥5.55bn | CN¥5.05bn | CN¥4.13bn | CN¥3.26bn |
| Gross profit | CN¥47.4m | CN¥186.9m | CN¥398.2m | CN¥454.3m | CN¥616.9m | CN¥378.8m | CN¥510.1m | CN¥662.6m | CN¥373.1m | CN¥291.8m |
| Research and development | CN¥13.6m | CN¥16.7m | — | CN¥10.3m | CN¥26.3m | CN¥2.8m | CN¥8.1m | CN¥7.5m | CN¥6.5m | CN¥6.2m |
| Operating income | −CN¥168.3m | −CN¥93.4m | CN¥111.9m | CN¥174.3m | CN¥99.5m | CN¥70.8m | CN¥62.7m | CN¥288.6m | −CN¥503.9m | −CN¥1.90bn |
| Net income | −CN¥291.3m | −CN¥272.7m | −CN¥113.8m | −CN¥76.6m | CN¥55.1m | −CN¥222.7m | CN¥19.0m | CN¥64.3m | −CN¥690.1m | −CN¥2.06bn |
| Diluted earnings per share | -0.29 | -0.28 | -0.11 | -0.08 | 0.06 | -0.23 | 0.02 | 0.06 | -0.70 | -2.08 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥844.3m | CN¥5.84bn | CN¥7.90bn | CN¥8.89bn | CN¥7.91bn | CN¥7.49bn | CN¥6.61bn | CN¥6.66bn | CN¥7.07bn | CN¥7.35bn |
| Cash and short-term investments | — | CN¥661.3m | CN¥845.8m | CN¥1.25bn | CN¥1.22bn | CN¥1.11bn | CN¥673.7m | CN¥910.3m | CN¥1.39bn | CN¥1.43bn |
| Total liabilities | CN¥449.9m | CN¥5.71bn | CN¥7.54bn | CN¥8.42bn | CN¥7.35bn | CN¥6.98bn | CN¥5.87bn | CN¥5.90bn | CN¥6.38bn | CN¥5.95bn |
| Debt | — | CN¥3.31bn | CN¥3.98bn | CN¥4.50bn | CN¥3.30bn | CN¥3.73bn | CN¥3.52bn | CN¥3.56bn | CN¥3.96bn | CN¥4.05bn |
| Shareholders' equity | CN¥191.5m | CN¥236.9m | CN¥467.3m | CN¥580.9m | CN¥679.3m | CN¥624.7m | CN¥854.7m | CN¥856.8m | CN¥793.6m | CN¥1.48bn |
| Shares outstanding | 990m | 990m | 1,000m | 992m | 989m | 990m | 982m | 992m | 989m | 990m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥92.5m | CN¥343.6m | CN¥61.8m | CN¥201.9m | CN¥197.9m | CN¥99.4m | CN¥175.6m | CN¥146.7m | CN¥164.3m | CN¥252.8m |
| Capital spending | −CN¥48.6m | −CN¥104.6m | −CN¥160.1m | −CN¥138.5m | −CN¥265.0m | −CN¥241.1m | −CN¥147.1m | −CN¥216.8m | −CN¥151.5m | −CN¥258.0m |
| Free cash flow | −CN¥141.1m | CN¥239.0m | −CN¥98.3m | CN¥63.4m | −CN¥67.2m | −CN¥141.6m | CN¥28.5m | −CN¥70.1m | CN¥12.8m | −CN¥5.1m |
| Dividends paid | −CN¥66.3m | −CN¥100.9m | −CN¥134.7m | −CN¥100.8m | −CN¥146.7m | −CN¥195.7m | −CN¥198.7m | −CN¥218.4m | −CN¥201.6m | −CN¥244.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥56.7m | CN¥64.6m | CN¥123.3m | CN¥730.1m | CN¥899.5m | CN¥822.3m | CN¥1.56bn | CN¥1.18bn |
| Gross profit | CN¥26.8m | CN¥17.9m | CN¥41.9m | CN¥77.9m | −CN¥40.8m | −CN¥31.6m | CN¥30.6m | CN¥31.2m |
| Operating income | CN¥10.1m | CN¥6.5m | CN¥30.7m | −CN¥221,337 | −CN¥125.0m | −CN¥80.0m | −CN¥44.5m | −CN¥37.8m |
| Net income | −CN¥125,718 | CN¥1.3m | CN¥15.4m | −CN¥16.9m | −CN¥169.5m | −CN¥120.4m | −CN¥86.6m | −CN¥81.0m |
| Diluted earnings per share | -0.00 | 0.00 | 0.02 | -0.02 | -0.17 | -0.12 | -0.09 | -0.08 |
| Cash from operations | — | — | — | −CN¥4.0m | CN¥54.0m | −CN¥84.0m | — | CN¥448.0m |
| Capital spending | — | −CN¥1.0m | — | −CN¥17.0m | −CN¥20.0m | −CN¥10.0m | −CN¥19.0m | −CN¥30.0m |
| Free cash flow | — | — | — | −CN¥21.0m | CN¥34.0m | −CN¥94.0m | — | CN¥418.0m |
| Total assets | CN¥922.2m | CN¥858.3m | CN¥844.3m | CN¥800.5m | CN¥5.90bn | CN¥5.81bn | CN¥5.84bn | CN¥8.15bn |
| Cash and short-term investments | — | — | — | CN¥78.8m | CN¥624.2m | CN¥560.8m | CN¥661.3m | CN¥1.10bn |
| Debt | — | — | — | CN¥162.5m | CN¥3.60bn | CN¥3.44bn | CN¥3.30bn | CN¥4.51bn |
| Shareholders' equity | CN¥193.2m | CN¥193.1m | CN¥191.5m | CN¥155.5m | −CN¥55.0m | CN¥117.4m | CN¥236.9m | CN¥336.8m |
Financial ratios
Data as of 30 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 1.8% | 3.5% | 5.8% | 5.1% | 6.6% | 5.0% | — |
| Operating margin | -6.5% | -1.7% | 1.6% | 2.0% | 1.1% | 0.9% | — |
| Net margin | -11.3% | -5.0% | -1.7% | -0.9% | 0.6% | -2.9% | — |
| Return on equity | -152.2% | -115.1% | -24.4% | -13.2% | 8.1% | -35.6% | — |
| Return on assets | -34.5% | -4.7% | -1.4% | -0.9% | 0.7% | -3.0% | — |
| Free cash flow yield | -0.3% | 2.8% | 1.4% | 2.1% | 2.9% | 2.1% | — |
| Revenue growth | -52.4% | -21.3% | -22.9% | -5.0% | 23.4% | 36.9% | — |
| Earnings growth | 6.8% | 139.6% | 48.6% | -238.8% | -124.8% | -1273.8% | — |
| Current ratio | 1.34x | 0.36x | 0.49x | 0.57x | 0.53x | 0.46x | — |
| Debt to equity | — | 13.93x | 8.51x | 7.75x | 5.08x | 5.41x | 3.38x |
| Equity ratio | 22.7% | 4.1% | 5.9% | 6.5% | 8.6% | 8.3% | — |
| Interest coverage | -1.81x | -0.50x | 0.48x | 0.68x | 0.38x | 0.27x | — |
| R&D as a share of sales | 0.5% | 0.3% | — | 0.1% | 0.3% | 0.0% | 0.1% |
| Buybacks as a share of market value | 0.1% | 1.0% | -0.9% | -0.3% | 0.1% | -0.8% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -33.9% | -19.5% | -6.6% |
| Operating income | — | — | 2.0% |
| Net income | 56.1% | 5.5% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 2.9% | 4.6% | 5.1% | 6.9% |
| Operating margin | -3.3% | 0.1% | 0.5% | -3.1% |
| Net margin | -7.1% | -3.2% | -2.3% | -5.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -25.8 | -15.3 | -26.6 | -39.3 | 51.6 | -15.3 | 146.0 | 33.6 | -5.6 | -2.5 |
| Price to sales | 2.9 | 0.8 | 0.4 | 0.3 | 0.3 | 0.5 | 0.5 | 0.4 | 0.9 | 1.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 24 Jun 2014.
| FY2014 | FY2012 | FY2005 | FY2004 | FY2003 | |
|---|---|---|---|---|---|
| Paid in the year | 0.50 | 0.25 | 0.02 | 0.057 | 0.041 |
- 2-for-1 split · 17 May 2013
- 1.224-for-1 split · 30 Aug 2006
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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