Declared Dividend • Jul 06
Dividend increased to CN¥0.055 Dividend of CN¥0.055 is 19% higher than last year. Ex-date: 9th July 2026 Payment date: 9th July 2026 Dividend yield will be 0.9%, which is lower than the industry average of 2.8%. Sustainability & Growth Dividend is covered by earnings (22% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 8.2% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 65% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Jun 30
China Nonferrous Metal Industry's Foreign Engineering and Construction Co.,Ltd. to Report First Half, 2026 Results on Aug 28, 2026 China Nonferrous Metal Industry's Foreign Engineering and Construction Co.,Ltd. announced that they will report first half, 2026 results on Aug 28, 2026 Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥7.22, the stock trades at a trailing P/E ratio of 28.9x. Average trailing P/E is 35x in the Metals and Mining industry in China. Total returns to shareholders of 53% over the past three years. New Risk • May 17
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 26% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Reported Earnings • Apr 28
Full year 2025 earnings released: EPS: CN¥0.24 (vs CN¥0.20 in FY 2024) Full year 2025 results: EPS: CN¥0.24 (up from CN¥0.20 in FY 2024). Revenue: CN¥10.1b (up 14% from FY 2024). Net income: CN¥475.5m (up 18% from FY 2024). Profit margin: 4.7% (up from 4.5% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Apr 28
China Nonferrous Metal Industry's Foreign Engineering and Construction Co.,Ltd., Annual General Meeting, May 20, 2026 China Nonferrous Metal Industry's Foreign Engineering and Construction Co.,Ltd., Annual General Meeting, May 20, 2026, at 14:30 China Standard Time. Location: 6F, South Tower, No. 10, Anding Road, Chaoyang District, Beijing China Announcement • Mar 31
China Nonferrous Metal Industry's Foreign Engineering and Construction Co.,Ltd. to Report Q1, 2026 Results on Apr 28, 2026 China Nonferrous Metal Industry's Foreign Engineering and Construction Co.,Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026 Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥6.12, the stock trades at a trailing P/E ratio of 21.8x. Average trailing P/E is 40x in the Metals and Mining industry in China. Total returns to shareholders of 11% over the past three years. Valuation Update With 7 Day Price Move • Feb 25
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥8.49, the stock trades at a trailing P/E ratio of 30.3x. Average trailing P/E is 44x in the Metals and Mining industry in China. Total returns to shareholders of 50% over the past three years. New Risk • Feb 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.4% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Jan 26
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥8.75, the stock trades at a trailing P/E ratio of 31.2x. Average trailing P/E is 47x in the Metals and Mining industry in China. Total returns to shareholders of 52% over the past three years. Announcement • Dec 31
China Nonferrous Metal Industry's Foreign Engineering and Construction Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 28, 2026 China Nonferrous Metal Industry's Foreign Engineering and Construction Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 28, 2026 Reported Earnings • Oct 29
Third quarter 2025 earnings released: EPS: CN¥0.02 (vs CN¥0.011 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.02 (up from CN¥0.011 in 3Q 2024). Revenue: CN¥1.64b (down 18% from 3Q 2024). Net income: CN¥40.3m (up 83% from 3Q 2024). Profit margin: 2.5% (up from 1.1% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
China Nonferrous Metal Industry's Foreign Engineering and Construction Co.,Ltd. to Report Q3, 2025 Results on Oct 29, 2025 China Nonferrous Metal Industry's Foreign Engineering and Construction Co.,Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025 Reported Earnings • Aug 26
Second quarter 2025 earnings released: EPS: CN¥0.097 (vs CN¥0.007 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.097 (up from CN¥0.007 in 2Q 2024). Revenue: CN¥2.83b (up 9.9% from 2Q 2024). Net income: CN¥193.0m (up CN¥178.4m from 2Q 2024). Profit margin: 6.8% (up from 0.6% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 24
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥6.59, the stock trades at a trailing P/E ratio of 36.8x. Average trailing P/E is 35x in the Metals and Mining industry in China. Total returns to shareholders of 36% over the past three years. Announcement • Jul 02
China Nonferrous Metal Industry's Foreign Engineering and Construction Co.,Ltd. to Report First Half, 2025 Results on Aug 26, 2025 China Nonferrous Metal Industry's Foreign Engineering and Construction Co.,Ltd. announced that they will report first half, 2025 results on Aug 26, 2025 Announcement • May 22
China Nonferrous Metal Industry's Foreign Engineering and Construction Co.,Ltd. Approves the Profit Distribution Proposal for 2024 China Nonferrous Metal Industry's Foreign Engineering and Construction Co.,Ltd. approved the profit distribution proposal for 2024. For the period, the company announced Cash dividend (tax included): CNY 0.46000000 per ten shares. New Risk • May 18
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 0.9% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Reported Earnings • May 03
First quarter 2025 earnings released: EPS: CN¥0.12 (vs CN¥0.15 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.12 (down from CN¥0.15 in 1Q 2024). Revenue: CN¥2.46b (up 3.7% from 1Q 2024). Net income: CN¥247.6m (down 18% from 1Q 2024). Profit margin: 10% (down from 13% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Apr 25
China Nonferrous Metal Industry's Foreign Engineering and Construction Co.,Ltd Proposes Final Cash Dividend for the Year 2024 China Nonferrous Metal Industry's Foreign Engineering and Construction Co.,Ltd. announced that on 24 April 2025 it has proposed final Cash dividend of CNY 0.46000000 for the year 2024. Announcement • Apr 24
China Nonferrous Metal Industry's Foreign Engineering and Construction Co.,Ltd., Annual General Meeting, May 16, 2025 China Nonferrous Metal Industry's Foreign Engineering and Construction Co.,Ltd., Annual General Meeting, May 16, 2025, at 14:30 China Standard Time. Location: 6F, South Tower, No. 10, Anding Road, Chaoyang District, Beijing China Announcement • Mar 31
China Nonferrous Metal Industry's Foreign Engineering and Construction Co.,Ltd. to Report Q1, 2025 Results on Apr 29, 2025 China Nonferrous Metal Industry's Foreign Engineering and Construction Co.,Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 Announcement • Dec 31
China Nonferrous Metal Industry's Foreign Engineering and Construction Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 24, 2025 China Nonferrous Metal Industry's Foreign Engineering and Construction Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 24, 2025 Announcement • Dec 28
China Nonferrous Metal Industry's Foreign Engineering and Construction Co.,Ltd. Approves Management Elections China Nonferrous Metal Industry's Foreign Engineering and Construction Co.,Ltd. at its Extraordinary General Meeting held on 25 December 2024 approved the election of Jiang Lei, Gao Shunqing and Ma Yindai as non-independent director. The company approved the election of Zhou Xiangyang as independent director. The company approved the election of Wen Xiaoli and Chen Weiqiang as shareholder supervisor. Board Change • Dec 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Director Guosheng Zhu was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: CN¥0.011 (vs CN¥0.017 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.011 (down from CN¥0.017 in 3Q 2023). Revenue: CN¥1.99b (down 3.2% from 3Q 2023). Net income: CN¥22.0m (down 33% from 3Q 2023). Profit margin: 1.1% (down from 1.6% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Sep 30
China Nonferrous Metal Industry's Foreign Engineering and Construction Co.,Ltd. to Report Q3, 2024 Results on Oct 30, 2024 China Nonferrous Metal Industry's Foreign Engineering and Construction Co.,Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥4.71, the stock trades at a trailing P/E ratio of 23.6x. Average trailing P/E is 23x in the Metals and Mining industry in China. Total loss to shareholders of 16% over the past three years. Reported Earnings • Aug 27
Second quarter 2024 earnings released: EPS: CN¥0.007 (vs CN¥0.10 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.007 (down from CN¥0.10 in 2Q 2023). Revenue: CN¥2.58b (up 14% from 2Q 2023). Net income: CN¥14.5m (down 93% from 2Q 2023). Profit margin: 0.6% (down from 9.0% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Announcement • Jun 29
China Nonferrous Metal Industry's Foreign Engineering and Construction Co.,Ltd. to Report First Half, 2024 Results on Aug 27, 2024 China Nonferrous Metal Industry's Foreign Engineering and Construction Co.,Ltd. announced that they will report first half, 2024 results on Aug 27, 2024 Announcement • Apr 29
China Nonferrous Metal Industry's Foreign Engineering and Construction Co.,Ltd., Annual General Meeting, May 20, 2024 China Nonferrous Metal Industry's Foreign Engineering and Construction Co.,Ltd., Annual General Meeting, May 20, 2024, at 14:30 China Standard Time. Location: 6F, South Tower, No. 10, Anding Road, Chaoyang District, Beijing China Reported Earnings • Apr 27
First quarter 2024 earnings released: EPS: CN¥0.15 (vs CN¥0.039 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.15 (up from CN¥0.039 in 1Q 2023). Revenue: CN¥2.37b (up 27% from 1Q 2023). Net income: CN¥300.1m (up 294% from 1Q 2023). Profit margin: 13% (up from 4.1% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Mar 30
China Nonferrous Metal Industry's Foreign Engineering and Construction Co.,Ltd. to Report Q1, 2024 Results on Apr 27, 2024 China Nonferrous Metal Industry's Foreign Engineering and Construction Co.,Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024 Announcement • Dec 29
China Nonferrous Metal Industry's Foreign Engineering and Construction Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 26, 2024 China Nonferrous Metal Industry's Foreign Engineering and Construction Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 26, 2024 Reported Earnings • Oct 25
Third quarter 2023 earnings released: EPS: CN¥0.017 (vs CN¥0.081 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.017 (down from CN¥0.081 in 3Q 2022). Revenue: CN¥2.06b (up 23% from 3Q 2022). Net income: CN¥32.8m (down 80% from 3Q 2022). Profit margin: 1.6% (down from 9.6% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Sep 30
China Nonferrous Metal Industry's Foreign Engineering and Construction Co.,Ltd. to Report Q3, 2023 Results on Oct 25, 2023 China Nonferrous Metal Industry's Foreign Engineering and Construction Co.,Ltd. announced that they will report Q3, 2023 results on Oct 25, 2023 New Risk • Sep 10
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 15% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (15% operating cash flow to total debt). Minor Risk Large one-off items impacting financial results. Reported Earnings • Aug 29
Second quarter 2023 earnings released: EPS: CN¥0.10 (vs CN¥0.085 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.10 (up from CN¥0.085 in 2Q 2022). Revenue: CN¥2.27b (up 1.1% from 2Q 2022). Net income: CN¥205.1m (up 22% from 2Q 2022). Profit margin: 9.0% (up from 7.5% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 124% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Board Change • Aug 19
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 2 experienced directors. No highly experienced directors. Independent Director Keping Zhou is the most experienced director on the board, commencing their role in 2018. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥5.69, the stock trades at a trailing P/E ratio of 36.2x. Average trailing P/E is 31x in the Metals and Mining industry in China. Total returns to shareholders of 14% over the past three years. Board Change • Nov 16
High number of new and inexperienced directors There are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. 3 experienced directors. No highly experienced directors. Independent Director Hao Sun is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: CN¥0.081 (vs CN¥0.011 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.081 (up from CN¥0.011 in 3Q 2021). Revenue: CN¥1.68b (up 18% from 3Q 2021). Net income: CN¥160.4m (up CN¥139.1m from 3Q 2021). Profit margin: 9.6% (up from 1.5% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 31
Second quarter 2022 earnings released: EPS: CN¥0.085 (vs CN¥0.018 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.085 (up from CN¥0.018 in 2Q 2021). Revenue: CN¥2.24b (up 22% from 2Q 2021). Net income: CN¥167.9m (up 370% from 2Q 2021). Profit margin: 7.5% (up from 1.9% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 30
Full year 2021 earnings released: EPS: CN¥0.021 (vs CN¥0.011 in FY 2020) Full year 2021 results: EPS: CN¥0.021 (up from CN¥0.011 in FY 2020). Revenue: CN¥6.53b (down 3.7% from FY 2020). Net income: CN¥41.5m (up 92% from FY 2020). Profit margin: 0.6% (up from 0.3% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Board Change • Apr 27
High number of new and inexperienced directors There are 10 new directors who have joined the board in the last 3 years. The company's board is composed of: 10 new directors. 2 experienced directors. No highly experienced directors. Supervisor Xiangnan Zhang is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Aug 30
Second quarter 2021 earnings released: EPS CN¥0.018 (vs CN¥0.003 in 2Q 2020) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were flat. Second quarter 2021 results: Revenue: CN¥1.85b (flat on 2Q 2020). Net income: CN¥35.8m (up 471% from 2Q 2020). Profit margin: 1.9% (up from 0.3% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Reported Earnings • Apr 28
First quarter 2021 earnings released: EPS CN¥0.047 (vs CN¥0.037 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥1.60b (up 18% from 1Q 2020). Net income: CN¥92.7m (up 26% from 1Q 2020). Profit margin: 5.8% (up from 5.4% in 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Feb 23
New 90-day high: CN¥5.46 The company is up 6.0% from its price of CN¥5.16 on 25 November 2020. The Chinese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 16% over the same period. Is New 90 Day High Low • Feb 01
New 90-day low: CN¥4.53 The company is down 1.0% from its price of CN¥4.59 on 03 November 2020. The Chinese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 16% over the same period. Is New 90 Day High Low • Nov 23
New 90-day high: CN¥5.32 The company is up 4.0% from its price of CN¥5.14 on 25 August 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Metals and Mining industry, which is also up 4.0% over the same period. Reported Earnings • Oct 30
Third quarter earnings released Over the last 12 months the company has reported total losses of CN¥899.7m, with losses widening by 425% from the prior year. Total revenue was CN¥7.20b over the last 12 months, down 43% from the prior year. Is New 90 Day High Low • Oct 29
New 90-day low: CN¥4.48 The company is down 16% from its price of CN¥5.33 on 31 July 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is down 6.0% over the same period. Is New 90 Day High Low • Oct 01
New 90-day low: CN¥4.49 The company is down 3.0% from its price of CN¥4.63 on 03 July 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 3.0% over the same period. Announcement • Oct 01
China Nonferrous Metal Industry's Foreign Engineering and Construction Co.,Ltd. Announces Election of Executives China Nonferrous Metal Industry's Foreign Engineering and Construction Co.,Ltd. announced the election of Dong Changqing, Liang Lei, Xu Hanzhou and Guan Dayuan as non-independent directors. Zhou Keping, Xie Zhihua and Sun Hao are elected as independent directors. Zhang Xiangnan and Lu Weiding are elected as supervisors. Announcement • Aug 12
China Nonferrous Metal Industry's Foreign Engineering and Construction Co.,Ltd. to Report First Half, 2020 Results on Aug 28, 2020 China Nonferrous Metal Industry's Foreign Engineering and Construction Co.,Ltd. announced that they will report first half, 2020 results on Aug 28, 2020