TacticScaleWhat Yunnan Chihong Zinc & Germanium (驰宏锌锗) Does & How It Makes Money (600497.SS)
Updated October 2026 · reflects Yunnan Chihong Zinc & Germanium's latest reported financials
Chinese integrated zinc, lead and germanium miner and smelter. It makes money by selling refined zinc and lead ingots, alloys, germanium products and by-product silver and gold, and it also earns revenue from metals trading.
How Yunnan Chihong Zinc & Germanium makes money
It makes money by selling refined zinc and lead ingots, alloys, germanium products and by-product silver and gold, and it also earns revenue from metals trading. Its earnings depend mainly on metal prices and how much it produces.
What Yunnan Chihong Zinc & Germanium does
Yunnan Chihong Zinc & Germanium is a Chinese mining company founded in 1951 and based in Qujing, Yunnan. It runs the whole chain from mining and smelting to further processing, sales and trading, focused on zinc, lead and germanium. Most of what it sells is zinc and lead ingots and hot-dip galvanizing alloys. It also makes high-purity germanium materials such as germanium tetrachloride and zone-melted germanium ingots, and it recovers silver and gold during smelting. Because it sells commodities, its results rise and fall with metal prices and output.
Products & services
- Zinc ingots
- Lead ingots
- Hot-dip galvanized alloy ingots
- High-purity germanium tetrachloride
- Zone-melted germanium ingots
- Silver ingots and gold flakes
驰宏锌锗是做什么的？
云南驰宏锌锗股份有限公司成立于1951年，总部位于云南曲靖，是一家锌、铅、锗业务一体化的矿业公司，业务覆盖采矿、冶炼、深加工、销售和贸易。 公司主要产品为锌锭、铅锭和热镀锌合金锭，还生产高纯四氯化锗、区熔锗锭等锗产品，并在冶炼中回收银锭和金片等贵金属。公司业绩主要受金属价格和产量影响。
What is Yunnan Chihong Zinc & Germanium worth?
On an owner-earnings DCF, Yunnan Chihong Zinc & Germanium's most-likely value is about ¥4 versus a recent price near ¥9 (96% 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 “Fairly priced — no edge.” Fair value earns its keep only at the extremes, not in the wide middle.
Price sits in the normal range — fair value isn't actionable here; it earns its keep only when price drops below the no-growth floor, or runs to roughly double the optimistic case.
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 →
Related companies
Yunnan Copper (000878.SZ) · Shenzhen Zhongjin Lingnan Nonfemet (000060.SZ) · Yunnan Lincang Xinyuan Germanium Industry (002428.SZ) · Yunnan Tin (000960.SZ) · GuoCheng Mining (000688.SZ)