Sales 2025 by Business Segment

Sales 2025 by Geography

Historical Breakdown of Revenue by Business Segments

EBT: Breakdown by Business Segment

Breakdown by Business Segment (CNY)
Fiscal Period: December 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

Tungsten, Molybdenum and Other Non-Ferrous Metal Products

1.12TCr 1.36TCr 1.68TCr 1.77TCr 2.03TCr

Total Assets

1.03TCr 1.24TCr 1.35TCr 1.55TCr 1.95TCr

CAPEX

-105.73Cr -141.97Cr -129.86Cr -182.45Cr -145.59Cr

EBT

149.89Cr 163.73Cr 265.43Cr 276.51Cr 345.86Cr

D&A

57Cr 60Cr 65Cr 69Cr 75Cr

Battery Material

1.59TCr 2.88TCr 1.73TCr 1.33TCr 1.99TCr

Total Assets

1.07TCr 1.54TCr 1.35TCr 1.47TCr 2.2TCr

CAPEX

-85Cr -91Cr -141.57Cr -91Cr -77Cr

EBT

64Cr 123.97Cr 56Cr 51Cr 88Cr

D&A

25Cr 31Cr 37Cr 39Cr 46Cr

Rare Earth Business

488.3Cr 618.71Cr 552.34Cr 446.73Cr 618.32Cr

Total Assets

359.49Cr 447Cr 512.67Cr 493.18Cr 634.78Cr

CAPEX

-25Cr -37Cr -33Cr -36Cr -51Cr

EBT

23Cr 31Cr 14Cr 25Cr 15Cr

D&A

9.99Cr 11Cr 13Cr 11Cr 18Cr

Others

14Cr 15Cr 9.72Cr 6.93Cr 6.48Cr

Total Assets

1.51TCr 1.91TCr 1.93TCr 2.24TCr 2.26TCr

CAPEX

-46.22L -2.23Cr -3.75Cr -1.02Cr -3.31Cr

EBT

25Cr 36Cr 46Cr 94Cr 128.23Cr

D&A

1.46Cr 1.56Cr 1.57Cr 1.5Cr 1.52Cr

Real Estate and Supporting Management

17Cr 18Cr 13Cr 5.06Cr 4.99Cr

Total Assets

429.82Cr 405.88Cr 282.13Cr 242.36Cr 239.43Cr

CAPEX

-2L -6L -86.64T -4L -31.59L

EBT

-33Cr -43Cr -13Cr -2.77Cr -15Cr

D&A

2.42Cr 2.3Cr 1.87Cr 67.59L 67.29L

Intersegment Offset

-51Cr -63Cr -44Cr -40Cr -19Cr

Total Assets

-1.17TCr -1.56TCr -1.49TCr -1.45TCr -1.67TCr

EBT

-31Cr -53Cr -75Cr -116.58Cr -151.37Cr

D&A

- - - - -

Geographical Revenue Distribution History

Geographical breakdown of sales (CNY)
Fiscal Period: December 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

China

2.69TCr 4.16TCr 3.26TCr 2.98TCr 4TCr

Export

443.44Cr 565.43Cr 533.02Cr 543.79Cr 625.99Cr