Live News • Jun 18
Tongguan Gold Group Shares in Focus as Company Unveils $300 Million Buyback Plan Tongguan Gold Group has announced a share repurchase program of up to a maximum aggregate of HK$300 million.
The company states that the buyback is intended to increase shareholder value.
The scale of the proposed repurchase is flagged as potentially price sensitive due to its possible impact on Tongguan Gold Group’s share price.
A buyback of this size can affect key metrics such as earnings per share and free float, which is why the market may treat Tongguan Gold Group’s announcement as price sensitive information.
Investors may want to watch how actively the company executes against the HK$300 million cap and whether the repurchases coincide with other capital allocation decisions such as dividends or planned investments. Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to HK$1.86, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 10x in the Metals and Mining industry in Hong Kong. Total returns to shareholders of 234% over the past three years. Upcoming Dividend • Jun 04
Upcoming dividend of HK$0.032 per share Eligible shareholders must have bought the stock before 11 June 2026. Payment date: 07 July 2026. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of Hong Kong dividend payers (6.9%). Lower than average of industry peers (2.9%). Announcement • May 29
Tongguan Gold Group Limited Approves Final Dividend for the Year Ended 31 December 2025 Tongguan Gold Group Limited at the AGM held on 29 May, 2026, approved to declare a final dividend of HKD 0.032 per ordinary share of the Company for the year ended 31 December 2025, payable out of the available reserves, including contributed surplus of the Company. Valuation Update With 7 Day Price Move • May 20
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to HK$2.32, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 9x in the Metals and Mining industry in Hong Kong. Total returns to shareholders of 412% over the past three years. Live News • May 13
Tongguan Gold Group Trades Below Cash Flow Value With Strong Growth Forecasts Tongguan Gold Group is highlighted as trading below its estimated cash flow value, which points to potential undervaluation relative to its fundamentals.
The company reported significant year-on-year earnings growth, with net income rising sharply compared with the previous period.
Analyst forecasts indicate strong earnings and revenue growth over the next three years, which is expected to outpace the Hong Kong market average.
The combination of a valuation that sits below estimated cash flow value and strong earnings momentum positions Tongguan Gold Group as a stock investors may want to study more closely for potential mispricing.
Forecasts that point to earnings and revenue growth above the broader market come with execution risk, so it is worth checking how sensitive those projections are to gold prices, operating costs and project timelines. Buy Or Sell Opportunity • Apr 28
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 23% to HK$2.89. The fair value is estimated to be HK$3.65, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 93%. For the next 3 years, revenue is forecast to grow by 24% per annum. Earnings are also forecast to grow by 31% per annum over the same time period. New Risk • Apr 08
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 Hong Kong stocks, typically moving 10% 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: Major Risk Shareholders have been substantially diluted in the past year (31% increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (10% average weekly change). Declared Dividend • Mar 29
Dividend of HK$0.032 announced Shareholders will receive a dividend of HK$0.032. Ex-date: 11th June 2026 Payment date: 7th July 2026 Dividend yield will be 1.1%, which is lower than the industry average of 2.0%. Payout Ratios Payout ratio: 17%. Cash payout ratio: 36%. Reported Earnings • Mar 28
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: HK$0.19 (up from HK$0.052 in FY 2024). Revenue: HK$2.40b (up 49% from FY 2024). Net income: HK$830.4m (up 293% from FY 2024). Profit margin: 35% (up from 13% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.0%. Earnings per share (EPS) also surpassed analyst estimates by 13%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Metals and Mining industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has increased by 103% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 27
Tongguan Gold Group Limited, Annual General Meeting, May 29, 2026 Tongguan Gold Group Limited, Annual General Meeting, May 29, 2026. Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to HK$2.71, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 13x in the Metals and Mining industry in Hong Kong. Total returns to shareholders of 548% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$4.12 per share. Buy Or Sell Opportunity • Mar 19
Now 23% undervalued Over the last 90 days, the stock has risen 15% to HK$3.16. The fair value is estimated to be HK$4.11, 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 67%. Revenue is forecast to grow by 86% in 2 years. Earnings are forecast to grow by 131% in the next 2 years. Announcement • Mar 16
Tongguan Gold Group Limited to Report Fiscal Year 2025 Results on Mar 27, 2026 Tongguan Gold Group Limited announced that they will report fiscal year 2025 results on Mar 27, 2026 Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to HK$3.74, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 16x in the Metals and Mining industry in Hong Kong. Total returns to shareholders of 795% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$4.16 per share. Buy Or Sell Opportunity • Feb 02
Now 25% undervalued Over the last 90 days, the stock has risen 24% to HK$3.10. The fair value is estimated to be HK$4.12, 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 67%. Revenue is forecast to grow by 86% in 2 years. Earnings are forecast to grow by 131% in the next 2 years. New Risk • Jan 13
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 30% This is considered a major 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. This is currently the only risk that has been identified for the company. Announcement • Dec 20
Tongguan Gold Group Limited Announces Change in Composition of Nomination Committee, with Effect from 19 December 2025 The board of directors of Tongguan Gold Group Limited announced that Ms. Feng Fangqing ("Ms. Feng"), an executive Director, has been appointed as a member of the nomination committee of the Board (the "Nomination Committee") with effect from 19 December 2025. Following the above change, the Nomination Committee shall comprise three independent non-executive Directors and two executive Directors, namely, Mr. Chu Kang Nam (chairman of the Nomination Committee), Mr. Liang Xushu, Mr. Leung Ka Wo, Mr. Jiang Zhiyong and Ms. Feng. New Risk • Nov 13
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 28% 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: Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Shareholders have been diluted in the past year (28% increase in shares outstanding). Valuation Update With 7 Day Price Move • Sep 23
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to HK$2.50, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 13x in the Metals and Mining industry in Hong Kong. Total returns to shareholders of 552% over the past three years. Valuation Update With 7 Day Price Move • Sep 01
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to HK$2.32, the stock trades at a trailing P/E ratio of 22.1x. Average forward P/E is 12x in the Metals and Mining industry in Hong Kong. Total returns to shareholders of 476% over the past three years. Buy Or Sell Opportunity • Sep 01
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 8.4% to HK$2.32. The fair value is estimated to be HK$1.85, however this is not to be taken as a sell 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 67%. Reported Earnings • Aug 27
First half 2025 earnings released: EPS: HK$0.082 (vs HK$0.023 in 1H 2024) First half 2025 results: EPS: HK$0.082 (up from HK$0.023 in 1H 2024). Revenue: HK$1.03b (up 21% from 1H 2024). Net income: HK$342.6m (up 273% from 1H 2024). Profit margin: 33% (up from 11% in 1H 2024). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 24% 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 67% per year whereas the company’s share price has increased by 64% per year. Announcement • Aug 15
Tongguan Gold Group Limited to Report First Half, 2025 Results on Aug 25, 2025 Tongguan Gold Group Limited announced that they will report first half, 2025 results on Aug 25, 2025 Valuation Update With 7 Day Price Move • Jun 05
Investor sentiment improves as stock rises 36% After last week's 36% share price gain to HK$2.36, the stock trades at a trailing P/E ratio of 49.2x. Average trailing P/E is 9x in the Metals and Mining industry in Hong Kong. Total returns to shareholders of 263% over the past three years. Announcement • May 30
Tongguan Gold Group Limited Approves the Final Dividend for the Year Ended 31 December 2024 Tongguan Gold Group Limited at its Annual General Meeting held on 30 May 2025, approved the final dividend of 1.2 HK cents per ordinary share of the Company for the year ended 31 December 2024. Valuation Update With 7 Day Price Move • May 22
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to HK$1.60, the stock trades at a trailing P/E ratio of 33.3x. Average trailing P/E is 9x in the Metals and Mining industry in Hong Kong. Total returns to shareholders of 125% over the past three years. Announcement • Apr 23
Tongguan Gold Group Limited has completed a Follow-on Equity Offering in the amount of HKD 225.9198 million. Tongguan Gold Group Limited has completed a Follow-on Equity Offering in the amount of HKD 225.9198 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 327,420,000
Price\Range: HKD 0.69
Transaction Features: Subsequent Direct Listing New Risk • Apr 23
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Hong Kong stocks, typically moving 15% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (15% average weekly change). Minor Risk Significant insider selling over the past 3 months (HK$12m sold). Valuation Update With 7 Day Price Move • Apr 10
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to HK$1.06, the stock trades at a trailing P/E ratio of 20.4x. Average trailing P/E is 9x in the Metals and Mining industry in Hong Kong. Total returns to shareholders of 36% over the past three years. Reported Earnings • Mar 25
Full year 2024 earnings released: EPS: HK$0.052 (vs HK$0.014 in FY 2023) Full year 2024 results: EPS: HK$0.052 (up from HK$0.014 in FY 2023). Revenue: HK$1.60b (up 7.2% from FY 2023). Net income: HK$211.1m (up 310% from FY 2023). Profit margin: 13% (up from 3.4% in FY 2023). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Mar 12
Tongguan Gold Group Limited to Report Fiscal Year 2024 Results on Mar 24, 2025 Tongguan Gold Group Limited announced that they will report fiscal year 2024 results on Mar 24, 2025 New Risk • Mar 10
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 Hong Kong stocks, typically moving 10% 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. This is currently the only risk that has been identified for the company. Buy Or Sell Opportunity • Mar 10
Now 47% overvalued after recent price rise Over the last 90 days, the stock has risen 52% to HK$0.76. The fair value is estimated to be HK$0.52, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 40% over the last 3 years. Earnings per share has declined by 17%. Announcement • Oct 08
Tongguan Gold Group Limited Announces Board Changes The board of directors of Tongguan Gold Group Limited announced that Mr. Jiang Zhiyong (Mr. Jiang) would be appointed as the Chairman and executive director of the Company, member of remuneration committee and member of nomination committee of the Company, all with effect from 8 October 2024. The Board is also pleased to announcedthat Ms. Feng Fangqing ("Ms. Feng") would be appointed as an executive director of the Company with effect from 8 October 2024. Mr. Jiang, aged 68, graduated from the Tongguan County Party School of the Communist Party of China. Mr. Jiang has over 30 years of extensive experience in gold mining management, operation and investment in China. Mr. Jiang is the founder of Subei County Holezadegai Northeast Mining Co. Ltd., a company which became a subsidiary of the Company since 21 July 2023, and he has been responsible for the operation and development of that company for more than ten years. Mr. Jiang is the father of Ms. Jiang Wei. As at the date of this announcement, Ms. Jiang Wei holds 63.34% of the equity interests of Qinlong Jinxin Mining Investment Limited, a substantial shareholder of the Company which holds 29.15% of the shares of the Company and is the single largest shareholder of the Company. Ms. Feng, age 54, obtained the qualifications of senior accountant in 2013, international certified internal auditor in 2004 and senior gold investment analyst in 2011. She was awarded the title of "Advanced Female Worker" by the Sanmenxia Federation of Trade Unions in 2000, the title of Advanced Individual in Professional Ethics Construction in Sanmenxia in 2012 and the title of Sanmenxia May 1st Female Model in 2013. From 1992 to 2015, Ms. Feng served in various positions in various companies, including accountant, principal accountant, financial controller, gold trading supervisor, etc., and was fully responsible for the companies' financial management. From 2015 and until her appointment as the executive director of the Company, Ms. Feng served as the financial controller of a subsidiary of the Company. Reported Earnings • Aug 28
First half 2024 earnings released: EPS: HK$0.023 (vs HK$0.004 in 1H 2023) First half 2024 results: EPS: HK$0.023 (up from HK$0.004 in 1H 2023). Revenue: HK$850.0m (up 26% from 1H 2023). Net income: HK$92.0m (up HK$78.0m from 1H 2023). Profit margin: 11% (up from 2.1% in 1H 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Announcement • Aug 19
Tongguan Gold Group Limited Provides Preliminary Unaudited Group Earnings Guidance for the Six Months Ended 30 June 2024 Tongguan Gold Group Limited provided preliminary unaudited group earnings guidance for the six months ended 30 June 2024. For the period, the group expects to record revenue of approximately HKD 850 million, representing an increase of approximately 26% as compared to revenue of approximately HKD 677 million for the corresponding period in 2023, and a net profit of approximately HKD 91 million for 2024 Interim Period, representing an increase of approximately 469% as compared to the net profit of approximately HKD 16 million for the corresponding period in 2023. The increase in revenue was mainly attributable to the increase in sale volume of mine-produced gold following the acquisition of Grand Gallant Investments Limited and its subsidiaries in July 2023. The increase in net profit was mainly due to the increase in sale volume of mine-produced gold together with higher average gold grade of ore per tonne mined and higher average selling price of mine-produced gold per gram, as compared to the corresponding period in 2023. Announcement • Aug 15
Tongguan Gold Group Limited to Report First Half, 2024 Results on Aug 26, 2024 Tongguan Gold Group Limited announced that they will report first half, 2024 results on Aug 26, 2024 New Risk • May 01
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 Hong Kong stocks, typically moving 11% 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 Share price has been volatile over the past 3 months (11% average weekly change). Shareholders have been diluted in the past year (20% increase in shares outstanding). Announcement • Apr 21
Tongguan Gold Group Limited, Annual General Meeting, May 31, 2024 Tongguan Gold Group Limited, Annual General Meeting, May 31, 2024, at 14:30 China Standard Time. Location: Room 1306, 13/F., Bank of America Tower, 12 Harcourt Road Admiralty Hong Kong Agenda: To receive and adopt the audited financial statements and the reports of the directors and auditors of the Company for the year ended 31 December 2023; to re-elect directors of the Company and authorise the board of directors of the Company to fix the directors' remuneration; to re-appoint CL Partners CPA Limited as auditors of the Company and authorise the board of directors of the Company to fix their remuneration; and to consider other matters. Reported Earnings • Mar 26
Full year 2023 earnings released: EPS: HK$0.014 (vs HK$0.015 in FY 2022) Full year 2023 results: EPS: HK$0.014. Revenue: HK$1.50b (up 20% from FY 2022). Net income: HK$51.5m (up 2.2% from FY 2022). Profit margin: 3.4% (down from 4.0% in FY 2022). The decrease in margin was driven by higher expenses. Announcement • Mar 14
Tongguan Gold Group Limited to Report Fiscal Year 2023 Results on Mar 25, 2024 Tongguan Gold Group Limited announced that they will report fiscal year 2023 results on Mar 25, 2024 Reported Earnings • Aug 30
First half 2023 earnings released: EPS: HK$0.004 (vs HK$0.008 in 1H 2022) First half 2023 results: EPS: HK$0.004 (down from HK$0.008 in 1H 2022). Revenue: HK$676.5m (up 277% from 1H 2022). Net income: HK$13.9m (down 48% from 1H 2022). Profit margin: 2.1% (down from 15% in 1H 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. New Risk • Aug 01
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Hong Kong stocks, typically moving 13% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (13% average weekly change). Minor Risks Profit margins are more than 30% lower than last year (4.0% net profit margin). Shareholders have been diluted in the past year (20% increase in shares outstanding). Significant insider selling over the past 3 months (HK$6.0m sold). New Risk • Jul 23
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% 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: Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Profit margins are more than 30% lower than last year (4.0% net profit margin). Shareholders have been diluted in the past year (20% increase in shares outstanding). Significant insider selling over the past 3 months (HK$6.0m sold). Announcement • Jul 08
Tongguan Gold Group Limited (SEHK:340) agreed to acquire Portfolio of mineral tenements from Jiang Wei and Lo Ting. Tongguan Gold Group Limited (SEHK:340) agreed to acquire Portfolio of mineral tenements from Jiang Wei and Lo Ting for approximately HKD 400 million on July 7, 2023. Portfolio of mineral tenements comprises of two Mining Licenses and six exploration assets. Tongguan Gold Group Limited issued approximately 680 million shares to acquire Portfolio of mineral tenements. Transaction is subject to Completion of due diligence, Tongguan Gold Group Limited having obtained from a qualified PRC legal adviser a legal opinion with respect to the PRC entities, No having any any abnormal operations or any material adverse changes in the business, prospects, operations, performance or finance, the warranties given by the Vendor in the Agreement remaining true, accurate and not misleading at the date of the Agreement and up to and including the Completion Date, Subject to government approval and Stock Exchange has granted approval for the listing of and the permission to deal in the Consideration Shares. Reported Earnings • Mar 28
Full year 2022 earnings released: EPS: HK$0.015 (vs HK$0.041 in FY 2021) Full year 2022 results: EPS: HK$0.015 (down from HK$0.041 in FY 2021). Revenue: HK$1.24b (up 83% from FY 2021). Net income: HK$50.3m (down 64% from FY 2021). Profit margin: 4.0% (down from 20% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
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. 5 experienced directors. 1 highly experienced director. Independent Non-Executive Director Ka Wo Leung was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 31
First half 2022 earnings released: EPS: HK$0.008 (vs HK$0.02 in 1H 2021) First half 2022 results: EPS: HK$0.008 (down from HK$0.02 in 1H 2021). Revenue: HK$179.6m (down 36% from 1H 2021). Net income: HK$26.8m (down 60% from 1H 2021). Profit margin: 15% (down from 24% in 1H 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 115% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Aug 18
Tongguan Gold Group Limited to Report First Half, 2022 Results on Aug 29, 2022 Tongguan Gold Group Limited announced that they will report first half, 2022 results on Aug 29, 2022 Announcement • Aug 12
Tongguan Gold Group Limited Provides Earnings Guidance for the Six Months Ended 30 June 2022 Tongguan Gold Group Limited provided earnings guidance for the six months ended 30 June 2022. The Group is expected to record revenue of approximately HKD 180 million for the six months ended 30 June 2022 (the "2022 Interim Period"), representing a decrease of approximately 36% as compared to revenue of approximately HKD 280 million for the corresponding period in 2021; and a net profit of approximately HKD 30 million for the 2022 Interim Period as compared to the net profit of approximately HKD 75 million for the corresponding period in 2021. Board Change • Apr 27
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. 5 experienced directors. 1 highly experienced director. Independent Non-Executive Director Ka Wo Leung was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 26
Tongguan Gold Group Limited, Annual General Meeting, Jun 10, 2022 Tongguan Gold Group Limited, Annual General Meeting, Jun 10, 2022, at 14:30 China Standard Time. Location: Room 1306, 13/F., Bank of America Tower, 12 Harcourt Road Admiralty Hong Kong Agenda: To receive and adopt the audited financial statements and the reports of the directors and auditors of the Company for the year ended 31 December 2021; to consider directorate reelections; to re-appoint CCTH CPA Limited as auditors of the Company and authorise the board of directors of the Company to fix their remuneration; and to consider other matters. Reported Earnings • Mar 30
Full year 2021 earnings released: EPS: HK$0.041 (vs HK$0.002 loss in FY 2020) Full year 2021 results: EPS: HK$0.041 (up from HK$0.002 loss in FY 2020). Revenue: HK$681.7m (up 108% from FY 2020). Net income: HK$138.7m (up HK$145.0m from FY 2020). Profit margin: 20% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 123% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 28
First half 2021 earnings released: EPS HK$0.02 (vs HK$0.002 loss in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: HK$280.1m (up 223% from 1H 2020). Net income: HK$67.1m (up HK$72.9m from 1H 2020). Profit margin: 24% (up from net loss in 1H 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 25
Full year 2020 earnings released: HK$0.002 loss per share (vs HK$0.006 loss in FY 2019) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: HK$327.7m (up 71% from FY 2019). Net loss: HK$6.33m (loss narrowed 70% from FY 2019). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings. Announcement • Mar 12
Tongguan Gold Group Limited to Report Fiscal Year 2020 Results on Mar 24, 2021 Tongguan Gold Group Limited announced that they will report fiscal year 2020 results on Mar 24, 2021 Is New 90 Day High Low • Nov 23
New 90-day high: HK$0.35 The company is up 3.0% from its price of HK$0.34 on 25 August 2020. The Hong Kong market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 21% over the same period. Is New 90 Day High Low • Oct 29
New 90-day low: HK$0.30 The company is down 21% from its price of HK$0.38 on 31 July 2020. The Hong Kong market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 2.0% over the same period. Is New 90 Day High Low • Sep 29
New 90-day low: HK$0.31 The company is down 31% from its price of HK$0.45 on 30 June 2020. The Hong Kong market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 14% over the same period. Announcement • Aug 14
Tongguan Gold Group Limited to Report First Half, 2020 Results on Aug 26, 2020 Tongguan Gold Group Limited announced that they will report first half, 2020 results on Aug 26, 2020