TacticScaleWhat YOUNGY (融捷股份) Does & How It Makes Money (002192.SZ)
Updated October 2026 · reflects YOUNGY's latest reported financials
Chinese lithium miner and processor that also makes lithium battery equipment. It makes money mainly by selling lithium salt products processed from mined lithium to battery and materials makers.
How YOUNGY makes money
It makes money mainly by selling lithium salt products processed from mined lithium to battery and materials makers. It also earns revenue from selling lithium battery production equipment and battery materials.
What YOUNGY does
YOUNGY Co., Ltd. is a Guangzhou-based lithium company working across mining, processing and battery equipment. Its main business is mining lithium and smelting it into lithium salt products, including battery-grade lithium carbonate and lithium hydroxide, which supply the lithium-ion battery chain in China and overseas. The company also makes equipment for the back-end and assembly stages of lithium battery production lines and supplies lithium battery materials. It was incorporated in 1998, was formerly called Luxiang Co., Ltd., and took the YOUNGY name in August 2015. Its results are closely tied to demand for lithium batteries.
Products & services
- Battery-grade lithium carbonate
- Lithium hydroxide
- Lithium mining and ore processing
- Lithium battery back-end and assembly equipment
- Lithium battery materials
融捷股份是做什么的？
融捷股份有限公司是一家总部位于广州的锂业公司，业务包括锂矿开采和锂盐加工。公司把锂矿加工冶炼成电池级碳酸锂、氢氧化锂等锂盐产品，供应国内外锂电池产业链。 公司还生产锂电池生产线后段及组装环节的设备，并提供锂电池材料。公司成立于1998年，原名为路翔股份有限公司，2015年8月更名为融捷股份。公司业绩与锂电池需求关系密切。
What is YOUNGY worth?
On an owner-earnings DCF, YOUNGY's most-likely value is about ¥6 versus a recent price near ¥53 (757% above fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~¥2) with a margin of safety — so the honest verdict here is “Stretched — richly priced.” Fair value earns its keep only at the extremes, not in the wide middle.
Today's $53 is above even the optimistic Bull case ($9) — the market expects faster, longer growth than modeled here. Expensive unless that extra growth actually shows up.
⚠ Capital-intensive — this business reinvests heavily, so free cash flow runs well below its earnings. Fair value here is built on free cash flow, which understates owner earnings for reinvestment-heavy companies — read it as conservative.
Analysis, not advice. Fair value is a margin-of-safety estimate from a deterministic owner-earnings DCF, not a price target or recommendation. See the full breakdown →
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