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Beijing Lier High Temperature Materials Co Ltd

Beijing Lier High-temperature Materials Co., Ltd. researches, develops, produces, and sells refractories for the iron and steel, nonferrous, petrochemical, construction materials, and other industries in China and internationally. Its products include raw materials such as white corundum, fused magnesia alumina spinel, activated alumina micro powder, homogenized bauxite, and fused, large crystal fused, and dead-burned magnesia; alloy auxiliary materials such as ferro molybdenum and molybdenum oxide; and refractory materials for ironmaking and steelmaking systems, as well as gasifiers and other industrial kilns. The company also provides design, configuration, installation, construction, operation, maintenance, and technical services for thermal equipment and furnaces. Founded in 2000, it is based in Beijing, China.

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China
002392.CS▼

Beijing Lier's 2026 interim report shows net profit of 384 million yuan

Beijing Lier released its 2026 interim report, with total operating revenue of 3.956 billion yuan and net profit attributable to the parent company of 384 million yuan. Net cash flow from operating activities was negative 132 million yuan, ranking 32nd among disclosed peer companies, a decrease of 1.8839 million yuan compared with the same period last year. The company's latest asset-liability ratio was 43.12%, up 0.71 percentage points from the previous quarter and up 1.63 percentage points from the same period last year. Gross margin was 15.67%, down 1.31 percentage points from the same period last year, ROE was 6.23%, and diluted earnings per share was 0.32 yuan. The number of shareholders was 45,100, and the top ten shareholders held 38.88% of the total share capital.
002392.CS · Capital · Negative Net profit of 384 million yuan, but operating cash flow negative and gross margin down, indicating weaker profitability.
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Beijing Lier Expects First-Half Net Profit to Rise 70% to 100% Year-on-Year

Beijing Lier has released an earnings forecast, estimating that net profit attributable to the parent company for the first half of 2026 will be between 370 million and 435 million yuan, representing a year-on-year increase of 70% to 100%. The company's main business operations remain steady. Meanwhile, the fair value of its investment in Zhejiang Xiwang Intelligent Technology, made in 2025, changed during the reporting period, resulting in a significant fair value gain recognized at the end of the period.
002392.CS · Capital · Positive Earnings forecast shows 70-100% net profit growth, driven by steady main business and fair value gain from investment.
浙江曦望智能科技股份有限公司 · Capital · Positive Fair value gain from Beijing Lier's investment in Zhejiang Xiwang Intelligent Technology contributed to Lier's profit, implying positive valuation change for Xiwang.
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002392.CS

Beijing Lier's Application for Share Issuance to Specific Investors Accepted by Shenzhen Stock Exchange

Beijing Lier announced that its application to issue shares to specific investors has been accepted by the Shenzhen Stock Exchange. The matter still requires review by the Shenzhen Stock Exchange and registration approval from the China Securities Regulatory Commission before implementation, and there are uncertainties.
002392.CS · Capital · Neutral Share issuance application accepted, but still subject to review and registration approval with uncertainties.
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