Revenue by Segment

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019
Refractory Material			2.51B	2.69B	2.65B	2.02B	1.82B
Refractory Material Growth			-6.53%	1.24%	31.53%	10.89%	-
Total			2.51B	2.69B	2.65B	2.02B	1.82B
Total Growth			-6.53%	1.24%	31.53%	10.89%	-

Revenue by Geography

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019
China			-	-	-	1.72B	1.42B
China Growth			-	-	-	20.90%	-
Overseas			-	-	-	250.63M	362.61M
Overseas Growth			-	-	-	-30.88%	-
Total			-	-	-	1.97B	1.78B
Total Growth			-	-	-	10.38%	-

Source: S&P Global Market Intelligence.