Announcement • Jun 01
Zhaojin Mining Industry Company Limited Approves Final Dividend for the Year Ended 31 December 2025, Payable on June 30, 2026 Zhaojin Mining Industry Company Limited approved Final Dividend of RMB 0.1 per share for the Year Ended 31 December 2025, Payable on June 30, 2026. Ex-dividend date is 03 June 2026. Record date is 09 June 2026. Date of shareholders' approval is 01 June 2026. Upcoming Dividend • May 27
Upcoming dividend of CN¥0.10 per share Eligible shareholders must have bought the stock before 03 June 2026. Payment date: 30 June 2026. Payout ratio is a comfortable 8.9% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of Hong Kong dividend payers (6.9%). Lower than average of industry peers (2.8%). Valuation Update With 7 Day Price Move • May 14
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to HK$25.30, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 11x in the Metals and Mining industry in Hong Kong. Total returns to shareholders of 128% over the past three years. Live News • May 13
Zhaojin Mining Shares Surge Over 50% on New Gold and Copper Projects in Africa Zhaojin Mining Industry’s shares have rallied over 50% as the company pursues additional gold mine acquisitions in Africa and other regions.
Management is prioritising West African countries with relatively stable political regimes, including Cote d'Ivoire, Ghana and Guinea.
The company has already completed an overseas gold acquisition in Cote d'Ivoire and is also considering measured exposure to copper projects.
The push into West Africa and selective copper projects signals a clear intent to broaden Zhaojin’s resource base and reduce reliance on existing domestic assets.
You may want to monitor how the company prices these deals, manages political and operational risks in West Africa, and balances gold with copper exposure within its overall capital allocation. Major Estimate Revision • Apr 30
Consensus EPS estimates fall by 26% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from CN¥22.5b to CN¥20.7b. EPS estimate also fell from CN¥1.84 per share to CN¥1.37 per share. Net income forecast to grow 48% next year vs 58% growth forecast for Metals and Mining industry in Hong Kong. Consensus price target broadly unchanged at HK$41.72. Share price fell 3.3% to HK$28.30 over the past week. Reported Earnings • Apr 21
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: EPS: CN¥0.96 (up from CN¥0.35 in FY 2024). Revenue: CN¥18.1b (up 56% from FY 2024). Net income: CN¥3.37b (up 186% from FY 2024). Profit margin: 19% (up from 10% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 15%. Earnings per share (EPS) missed analyst estimates by 3.8%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Metals and Mining industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth. Announcement • Apr 14
Zhaojin Mining Industry Company Limited to Report Q1, 2026 Results on Apr 24, 2026 Zhaojin Mining Industry Company Limited announced that they will report Q1, 2026 results on Apr 24, 2026 Declared Dividend • Mar 25
Dividend of CN¥0.10 announced Shareholders will receive a dividend of CN¥0.10. Ex-date: 3rd June 2026 Payment date: 30th June 2026 Dividend yield will be 0.3%, which is lower than the industry average of 2.0%. Payout Ratios Payout ratio: 10%. Cash payout ratio: 14%. Announcement • Mar 23
Zhaojin Mining Industry Company Limited, Annual General Meeting, Jun 01, 2026 Zhaojin Mining Industry Company Limited, Annual General Meeting, Jun 01, 2026. Reported Earnings • Mar 23
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: EPS: CN¥0.96 (up from CN¥0.35 in FY 2024). Revenue: CN¥18.1b (up 56% from FY 2024). Net income: CN¥3.61b (up 206% from FY 2024). Profit margin: 20% (up from 10% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 15%. Earnings per share (EPS) missed analyst estimates by 3.8%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Metals and Mining industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 19
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to HK$27.60, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 14x in the Metals and Mining industry in Hong Kong. Total returns to shareholders of 139% over the past three years. Announcement • Mar 10
Zhaojin Mining Industry Company Limited to Report Fiscal Year 2025 Results on Mar 20, 2026 Zhaojin Mining Industry Company Limited announced that they will report fiscal year 2025 results on Mar 20, 2026 Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to HK$33.20, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 16x in the Metals and Mining industry in Hong Kong. Total returns to shareholders of 281% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$63.42 per share. Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to HK$33.18, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 13x in the Metals and Mining industry in Hong Kong. Total returns to shareholders of 301% over the past three years. Reported Earnings • Oct 11
Third quarter 2025 earnings released Third quarter 2025 results: Revenue: CN¥5.46b (up 58% from 3Q 2024). Net income: CN¥800.6m (up 71% from 3Q 2024). Profit margin: 15% (up from 14% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Metals and Mining industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 72% per year whereas the company’s share price has increased by 74% per year. Announcement • Sep 26
Zhaojin Mining Industry Company Limited to Report Nine Months, 2025 Results on Oct 10, 2025 Zhaojin Mining Industry Company Limited announced that they will report nine months, 2025 results on Oct 10, 2025 Valuation Update With 7 Day Price Move • Sep 01
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to HK$26.26, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 12x in the Metals and Mining industry in Hong Kong. Total returns to shareholders of 343% over the past three years. Reported Earnings • Aug 26
Second quarter 2025 earnings: EPS and revenues miss analyst expectations Second quarter 2025 results: EPS: CN¥0.21 (up from CN¥0.086 in 2Q 2024). Revenue: CN¥3.93b (up 49% from 2Q 2024). Net income: CN¥657.5m (up 244% from 2Q 2024). Profit margin: 17% (up from 7.2% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 22%. Earnings per share (EPS) also missed analyst estimates by 22%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Metals and Mining industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 52% per year, which means it is significantly lagging earnings growth. Announcement • Aug 12
Zhaojin Mining Industry Company Limited to Report First Half, 2025 Results on Aug 22, 2025 Zhaojin Mining Industry Company Limited announced that they will report first half, 2025 results on Aug 22, 2025 Valuation Update With 7 Day Price Move • Aug 08
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to HK$22.62, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 10x in the Metals and Mining industry in Hong Kong. Total returns to shareholders of 199% over the past three years. Announcement • Jun 03
Zhaojin Mining Industry Company Limited Approves Final Dividend for the Year Ended 31 December 2024, Payable Before 30 June 2025 Zhaojin Mining Industry Company Limited at the Annual general meeting held on June 2, 2025 approved the payment of final dividend for the year ended 31 December 2024. The Company will distribute a Final Dividend of RMB 0.05 (tax included) per Share. The Final Dividend is payable to Shareholders whose names appeared on the register of members of the Company on the record date. Dividend on Domestic Shares shall be paid in Renminbi and dividend on H Shares shall be paid in Hong Kong dollars. The Final Dividend will be paid by the Receiving Agent and the dividend warrants will be posted by the H share registrar of the Company, Computershare Hong Kong Investor Services Limited, by ordinary mail to the H Share Shareholders who are entitled to receive the dividend at their own risk before 30 June 2025. Record date: 10 June 2025; Ex-dividend date: 04 June 2025. Upcoming Dividend • May 28
Upcoming dividend of CN¥0.05 per share Eligible shareholders must have bought the stock before 04 June 2025. Payment date: 30 June 2025. Payout ratio is a comfortable 10.0% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of Hong Kong dividend payers (7.7%). Lower than average of industry peers (4.4%). Valuation Update With 7 Day Price Move • May 26
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to HK$20.95, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 10x in the Metals and Mining industry in Hong Kong. Total returns to shareholders of 204% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$22.14 per share. Major Estimate Revision • Apr 29
Consensus EPS estimates increase by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from CN¥14.0b to CN¥15.0b. EPS estimate increased from CN¥0.802 to CN¥0.894 per share. Net income forecast to grow 101% next year vs 17% growth forecast for Metals and Mining industry in Hong Kong. Consensus price target up from HK$17.54 to HK$21.74. Share price fell 6.6% to HK$18.68 over the past week. Buy Or Sell Opportunity • Apr 23
Now 26% undervalued Over the last 90 days, the stock has risen 49% to HK$18.32. The fair value is estimated to be HK$24.76, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 70%. Revenue is forecast to grow by 41% in 2 years. Earnings are forecast to grow by 136% in the next 2 years. Reported Earnings • Apr 22
First quarter 2025 earnings released: EPS: CN¥0.17 (vs CN¥0.05 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.17 (up from CN¥0.05 in 1Q 2024). Revenue: CN¥3.04b (up 54% from 1Q 2024). Net income: CN¥659.2m (up 198% from 1Q 2024). Profit margin: 22% (up from 11% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Metals and Mining industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 32% After last week's 32% share price gain to HK$18.02, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 8x in the Metals and Mining industry in Hong Kong. Total returns to shareholders of 101% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$24.10 per share. Announcement • Apr 08
Zhaojin Mining Industry Company Limited to Report Q1, 2025 Results on Apr 21, 2025 Zhaojin Mining Industry Company Limited announced that they will report Q1, 2025 results on Apr 21, 2025 Announcement • Apr 01
Zhaojin Mining Industry Company Limited has completed a Follow-on Equity Offering in the amount of HKD 1.9824 billion. Zhaojin Mining Industry Company Limited has completed a Follow-on Equity Offering in the amount of HKD 1.9824 billion.
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 140,000,000
Price\Range: HKD 14.16
Transaction Features: Subsequent Direct Listing Major Estimate Revision • Mar 28
Consensus EPS estimates increase by 16% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from CN¥13.8b to CN¥14.2b. EPS estimate increased from CN¥0.662 to CN¥0.77 per share. Net income forecast to grow 82% next year vs 31% growth forecast for Metals and Mining industry in Hong Kong. Consensus price target up from HK$16.77 to HK$17.22. Share price rose 2.1% to HK$15.36 over the past week. Declared Dividend • Mar 24
Dividend of CN¥0.05 announced Shareholders will receive a dividend of CN¥0.05. Ex-date: 4th June 2025 Payment date: 30th June 2025 Dividend yield will be 0.3%, which is lower than the industry average of 2.0%. Payout Ratios Payout ratio: 12%. Cash payout ratio: 54%. Reported Earnings • Mar 22
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: EPS: CN¥0.43 (up from CN¥0.21 in FY 2023). Revenue: CN¥11.6b (up 37% from FY 2023). Net income: CN¥1.45b (up 111% from FY 2023). Profit margin: 13% (up from 8.1% in FY 2023). The increase in margin was driven by higher revenue. Production and reserves: Gold Production: 850.38 troy koz (793.63 troy koz in FY 2023) Revenue exceeded analyst estimates by 7.6%. Earnings per share (EPS) missed analyst estimates by 16%. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 6.8% growth forecast for the Metals and Mining industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 18
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to HK$16.00, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 7x in the Metals and Mining industry in Hong Kong. Total returns to shareholders of 123% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$23.62 per share. Announcement • Mar 11
Zhaojin Mining Industry Company Limited to Report Fiscal Year 2024 Results on Mar 21, 2025 Zhaojin Mining Industry Company Limited announced that they will report fiscal year 2024 results on Mar 21, 2025 New Risk • Mar 11
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 11% 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. This is currently the only risk that has been identified for the company. New Risk • Mar 07
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 20% 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. This is currently the only risk that has been identified for the company. New Risk • Mar 06
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 11% 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Feb 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to HK$14.04, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 6x in the Metals and Mining industry in Hong Kong. Total returns to shareholders of 111% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$24.48 per share. Announcement • Sep 27
Zhaojin Mining Industry Company Limited to Report Q3, 2024 Results on Oct 10, 2024 Zhaojin Mining Industry Company Limited announced that they will report Q3, 2024 results at 4:00 PM, China Standard Time on Oct 10, 2024 Reported Earnings • Sep 24
Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2024 results: EPS: CN¥0.055 (up from CN¥0.012 in 2Q 2023). Revenue: CN¥2.65b (up 55% from 2Q 2023). Net income: CN¥191.0m (up 401% from 2Q 2023). Profit margin: 7.2% (up from 2.2% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.0%. Earnings per share (EPS) missed analyst estimates by 40%. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Metals and Mining industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Aug 30
Consensus EPS estimates increase by 23% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from CN¥9.90b to CN¥10.4b. EPS estimate increased from CN¥0.33 to CN¥0.405 per share. Net income forecast to grow 70% next year vs 37% growth forecast for Metals and Mining industry in Hong Kong. Consensus price target up from HK$15.97 to HK$16.35. Share price fell 6.3% to HK$12.82 over the past week. Announcement • Aug 14
Zhaojin Mining Industry Company Limited to Report First Half, 2024 Results on Aug 23, 2024 Zhaojin Mining Industry Company Limited announced that they will report first half, 2024 results on Aug 23, 2024 Valuation Update With 7 Day Price Move • Jul 25
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to HK$12.96, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 8x in the Metals and Mining industry in Hong Kong. Total returns to shareholders of 72% over the past three years. Major Estimate Revision • Jun 21
Consensus EPS estimates increase by 31% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from CN¥9.81b to CN¥9.94b. EPS estimate increased from CN¥0.242 to CN¥0.316 per share. Net income forecast to grow 57% next year vs 37% growth forecast for Metals and Mining industry in Hong Kong. Consensus price target up from HK$14.53 to HK$14.90. Share price rose 6.5% to HK$13.86 over the past week. Upcoming Dividend • May 29
Upcoming dividend of CN¥0.04 per share Eligible shareholders must have bought the stock before 05 June 2024. Payment date: 28 June 2024. Payout ratio is a comfortable 16% but the company is paying out more than the cash it is generating. Trailing yield: 0.3%. Lower than top quartile of Hong Kong dividend payers (7.5%). Lower than average of industry peers (2.1%). Announcement • Apr 24
Zhaojin Mining Industry Company Limited has completed a Follow-on Equity Offering in the amount of HKD 1.72524 billion. Zhaojin Mining Industry Company Limited has completed a Follow-on Equity Offering in the amount of HKD 1.72524 billion.
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 132,000,000
Price\Range: HKD 13.07
Transaction Features: Subsequent Direct Listing New Risk • Apr 23
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (4.0% increase in shares outstanding). Major Estimate Revision • Apr 20
Consensus EPS estimates fall by 10%, revenue upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from CN¥9.08b to CN¥9.18b. EPS estimate fell from CN¥0.377 to CN¥0.339 per share. Net income forecast to grow 30% next year vs 29% growth forecast for Metals and Mining industry in Hong Kong. Consensus price target of HK$13.85 unchanged from last update. Share price fell 11% to HK$12.96 over the past week. Announcement • Apr 15
Zhaojin Mining Industry Company Limited has filed a Follow-on Equity Offering in the amount of HKD 1.72524 billion. Zhaojin Mining Industry Company Limited has filed a Follow-on Equity Offering in the amount of HKD 1.72524 billion.
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 132,000,000
Price\Range: HKD 13.07
Transaction Features: Subsequent Direct Listing Valuation Update With 7 Day Price Move • Apr 12
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to HK$14.62, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 9x in the Metals and Mining industry in Hong Kong. Total returns to shareholders of 95% over the past three years. Announcement • Apr 11
Zhaojin Mining Industry Company Limited to Report Q1, 2024 Results on Apr 22, 2024 Zhaojin Mining Industry Company Limited announced that they will report Q1, 2024 results on Apr 22, 2024 Major Estimate Revision • Mar 29
Consensus EPS estimates increase by 11%, revenue downgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from CN¥9.15b to CN¥8.77b. EPS estimate rose from CN¥0.346 to CN¥0.385. Net income forecast to grow 85% next year vs 53% growth forecast for Metals and Mining industry in Hong Kong. Consensus price target broadly unchanged at HK$13.61. Share price rose 16% to HK$10.62 over the past week. Declared Dividend • Mar 25
Dividend of CN¥0.04 announced Shareholders will receive a dividend of CN¥0.04. Ex-date: 5th June 2024 Payment date: 28th June 2024 Dividend yield will be 0.4%, which is lower than the industry average of 2.0%. Announcement • Mar 24
Zhaojin Mining Industry Company Limited Proposes Ordinary Final Cash Dividend for the Year Ended 31 December 2023, Payable on 28 June 2024 Zhaojin Mining Industry Company Limited proposed ordinary final cash dividend of RMB 0.04 per share for the year ended 31 December 2023, payable on 28 June 2024. Record date is 11 June 2024. Ex-dividend date is 05 June 2024. Date of shareholders' approval is 03 June 2024. Reported Earnings • Mar 23
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: CN¥0.14 (up from CN¥0.12 in FY 2022). Revenue: CN¥8.42b (up 6.8% from FY 2022). Net income: CN¥686.4m (up 71% from FY 2022). Profit margin: 8.1% (up from 5.1% in FY 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) missed analyst estimates by 40%. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 7.0% growth forecast for the Metals and Mining industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Announcement • Mar 23
Zhaojin Mining Industry Company Limited, Annual General Meeting, Jun 03, 2024 Zhaojin Mining Industry Company Limited, Annual General Meeting, Jun 03, 2024. Agenda: To consider final dividend. Announcement • Mar 13
Zhaojin Mining Industry Company Limited to Report Fiscal Year 2023 Results on Mar 22, 2024 Zhaojin Mining Industry Company Limited announced that they will report fiscal year 2023 results on Mar 22, 2024 Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to HK$9.48, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 8x in the Metals and Mining industry in Hong Kong. Total returns to shareholders of 22% over the past three years. Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.067 (vs CN¥0.046 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.067 (up from CN¥0.046 in 3Q 2022). Revenue: CN¥2.94b (up 30% from 3Q 2022). Net income: CN¥228.5m (up 45% from 3Q 2022). Profit margin: 7.8% (up from 7.0% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Metals and Mining industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Announcement • Oct 17
Zhaojin Mining Industry Company Limited to Report Q3, 2023 Results on Oct 27, 2023 Zhaojin Mining Industry Company Limited announced that they will report Q3, 2023 results on Oct 27, 2023 Major Estimate Revision • Sep 01
Consensus EPS estimates fall by 21% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥8.29b to CN¥7.95b. EPS estimate also fell from CN¥0.291 per share to CN¥0.23 per share. Net income forecast to grow 133% next year vs 76% growth forecast for Metals and Mining industry in Hong Kong. Consensus price target broadly unchanged at HK$13.35. Share price rose 5.5% to HK$11.08 over the past week. Reported Earnings • Aug 26
Second quarter 2023 earnings: Revenues miss analyst expectations Second quarter 2023 results: Revenue: CN¥1.71b (down 7.1% from 2Q 2022). Net income: CN¥154.2m (up CN¥130.7m from 2Q 2022). Profit margin: 9.0% (up from 1.3% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 5.4%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Metals and Mining industry in Hong Kong. Announcement • Aug 16
Zhaojin Mining Industry Company Limited to Report First Half, 2023 Results on Aug 25, 2023 Zhaojin Mining Industry Company Limited announced that they will report first half, 2023 results on Aug 25, 2023