Announcement • Jun 03
Jinduicheng Molybdenum Co., Ltd., Annual General Meeting, Jun 23, 2026 Jinduicheng Molybdenum Co., Ltd., Annual General Meeting, Jun 23, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Xi'an, Shaanxi China Buy Or Sell Opportunity • May 28
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 9.5% to CN¥26.85. The fair value is estimated to be CN¥21.86, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 12%. Revenue is forecast to grow by 21% in 2 years. Earnings are forecast to grow by 5.1% in the next 2 years. Valuation Update With 7 Day Price Move • May 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥24.41, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 18x in the Metals and Mining industry in China. Total returns to shareholders of 146% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥21.90 per share. Valuation Update With 7 Day Price Move • May 12
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥22.65, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 19x in the Metals and Mining industry in China. Total returns to shareholders of 134% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥21.97 per share. Reported Earnings • Apr 04
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: CN¥0.98 (up from CN¥0.92 in FY 2024). Revenue: CN¥13.8b (up 1.9% from FY 2024). Net income: CN¥3.15b (up 5.8% from FY 2024). Profit margin: 23% (in line with FY 2024). Revenue missed analyst estimates by 6.2%. Earnings per share (EPS) also missed analyst estimates by 2.3%. Revenue is forecast to grow 9.7% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 20% per year. Announcement • Mar 30
Jinduicheng Molybdenum Co., Ltd. to Report Q1, 2026 Results on Apr 29, 2026 Jinduicheng Molybdenum Co., Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026 Valuation Update With 7 Day Price Move • Mar 19
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥19.38, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 22x in the Metals and Mining industry in China. Total returns to shareholders of 88% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥20.71 per share. Buy Or Sell Opportunity • Mar 02
Now 29% overvalued after recent price rise Over the last 90 days, the stock has risen 89% to CN¥26.48. The fair value is estimated to be CN¥20.57, however this is not to be taken as a sell 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 17%. Revenue is forecast to grow by 20% in 2 years. Earnings are forecast to grow by 15% in the next 2 years. Valuation Update With 7 Day Price Move • Feb 27
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥24.53, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 25x in the Metals and Mining industry in China. Total returns to shareholders of 103% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥20.54 per share. New Risk • Feb 11
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 7.5% 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 (7.5% average weekly change). Reported Earnings • Feb 02
Full year 2025 earnings released: EPS: CN¥0.99 (vs CN¥0.92 in FY 2024) Full year 2025 results: EPS: CN¥0.99 (up from CN¥0.92 in FY 2024). Revenue: CN¥14.1b (up 3.6% from FY 2024). Net income: CN¥3.19b (up 6.9% from FY 2024). Profit margin: 23% (in line with FY 2024). Revenue is forecast to grow 8.9% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥23.39, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 26x in the Metals and Mining industry in China. Total returns to shareholders of 75% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥12.24 per share. Valuation Update With 7 Day Price Move • Jan 09
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥18.38, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 21x in the Metals and Mining industry in China. Total returns to shareholders of 82% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥12.32 per share. Announcement • Dec 26
Jinduicheng Molybdenum Co., Ltd. to Report Fiscal Year 2025 Results on Apr 24, 2026 Jinduicheng Molybdenum Co., Ltd. announced that they will report fiscal year 2025 results on Apr 24, 2026 Buy Or Sell Opportunity • Dec 22
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 1.8% to CN¥14.89. The fair value is estimated to be CN¥12.30, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 24%. Revenue is forecast to grow by 14% in 2 years. Earnings are forecast to grow by 18% in the next 2 years. Reported Earnings • Oct 29
Third quarter 2025 earnings released: EPS: CN¥0.28 (vs CN¥0.21 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.28 (up from CN¥0.21 in 3Q 2024). Revenue: CN¥3.93b (up 12% from 3Q 2024). Net income: CN¥904.1m (up 31% from 3Q 2024). Profit margin: 23% (up from 20% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 23% per year. Buy Or Sell Opportunity • Oct 23
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 9.0% to CN¥14.40. The fair value is estimated to be CN¥11.93, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 31%. Revenue is forecast to grow by 13% in 2 years. Earnings are forecast to grow by 22% in the next 2 years. Announcement • Sep 30
Jinduicheng Molybdenum Co., Ltd. to Report Q3, 2025 Results on Oct 29, 2025 Jinduicheng Molybdenum Co., Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025 Buy Or Sell Opportunity • Sep 24
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 37% to CN¥14.73. The fair value is estimated to be CN¥12.26, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 31%. Revenue is forecast to grow by 13% in 2 years. Earnings are forecast to grow by 22% in the next 2 years. Buy Or Sell Opportunity • Sep 03
Now 23% undervalued Over the last 90 days, the stock has risen 49% to CN¥16.25. The fair value is estimated to be CN¥21.12, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 31%. Revenue is forecast to grow by 8.8% in 2 years. Earnings are forecast to grow by 14% in the next 2 years. Valuation Update With 7 Day Price Move • Sep 02
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥17.47, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 19x in the Metals and Mining industry in China. Total returns to shareholders of 133% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥21.06 per share. Price Target Changed • Aug 26
Price target increased by 11% to CN¥15.81 Up from CN¥14.28, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of CN¥15.07. Stock is up 55% over the past year. The company is forecast to post earnings per share of CN¥0.98 for next year compared to CN¥0.92 last year. Reported Earnings • Aug 23
Second quarter 2025 earnings released: EPS: CN¥0.22 (vs CN¥0.27 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.22 (down from CN¥0.27 in 2Q 2024). Revenue: CN¥3.68b (down 1.3% from 2Q 2024). Net income: CN¥704.3m (down 19% from 2Q 2024). Profit margin: 19% (down from 23% in 2Q 2024). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 19% 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 18% After last week's 18% share price gain to CN¥13.08, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 18x in the Metals and Mining industry in China. Total returns to shareholders of 61% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥20.28 per share. Announcement • Jun 30
Jinduicheng Molybdenum Co., Ltd. to Report First Half, 2025 Results on Aug 23, 2025 Jinduicheng Molybdenum Co., Ltd. announced that they will report first half, 2025 results on Aug 23, 2025 Announcement • Jun 03
Jinduicheng Molybdenum Co., Ltd., Annual General Meeting, Jun 24, 2025 Jinduicheng Molybdenum Co., Ltd., Annual General Meeting, Jun 24, 2025, at 14:00 China Standard Time. Location: The Company's Meeting Room, Xi'an, Shaanxi China Reported Earnings • Apr 03
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: EPS: CN¥0.92 (down from CN¥0.96 in FY 2023). Revenue: CN¥13.6b (up 18% from FY 2023). Net income: CN¥2.98b (down 3.8% from FY 2023). Profit margin: 22% (down from 27% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) missed analyst estimates by 5.7%. Revenue is expected to decline by 1.1% p.a. on average during the next 2 years, while revenues in the Metals and Mining industry in China are expected to grow by 10%. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Announcement • Mar 28
Jinduicheng Molybdenum Co., Ltd. to Report Q1, 2025 Results on Apr 26, 2025 Jinduicheng Molybdenum Co., Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025 Announcement • Dec 27
Jinduicheng Molybdenum Co., Ltd. to Report Fiscal Year 2024 Results on Apr 17, 2025 Jinduicheng Molybdenum Co., Ltd. announced that they will report fiscal year 2024 results on Apr 17, 2025 Price Target Changed • Nov 05
Price target increased by 9.5% to CN¥14.41 Up from CN¥13.16, the current price target is an average from 2 analysts. New target price is 25% above last closing price of CN¥11.54. Stock is up 16% over the past year. The company is forecast to post earnings per share of CN¥0.99 for next year compared to CN¥0.96 last year. Reported Earnings • Oct 29
Third quarter 2024 earnings: EPS misses analyst expectations Third quarter 2024 results: EPS: CN¥0.21 (down from CN¥0.26 in 3Q 2023). Revenue: CN¥3.50b (up 4.8% from 3Q 2023). Net income: CN¥688.0m (down 19% from 3Q 2023). Profit margin: 20% (down from 25% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 30%. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
Jinduicheng Molybdenum Co., Ltd. to Report Q3, 2024 Results on Oct 29, 2024 Jinduicheng Molybdenum Co., Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥11.90, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 14x in the Metals and Mining industry in China. Total returns to shareholders of 70% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥16.53 per share. Reported Earnings • Aug 23
Second quarter 2024 earnings: EPS and revenues exceed analyst expectations Second quarter 2024 results: EPS: CN¥0.27 (up from CN¥0.20 in 2Q 2023). Revenue: CN¥3.73b (up 30% from 2Q 2023). Net income: CN¥873.7m (up 32% from 2Q 2023). Profit margin: 23% (in line with 2Q 2023). Revenue exceeded analyst estimates by 20%. Earnings per share (EPS) also surpassed analyst estimates by 17%. Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 66% 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 • Jul 13
Second quarter 2024 earnings released: EPS: CN¥0.27 (vs CN¥0.20 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.27 (up from CN¥0.20 in 2Q 2023). Revenue: CN¥3.73b (up 30% from 2Q 2023). Net income: CN¥868.4m (up 32% from 2Q 2023). Profit margin: 23% (in line with 2Q 2023). Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Announcement • Jun 28
Jinduicheng Molybdenum Co., Ltd. to Report First Half, 2024 Results on Aug 23, 2024 Jinduicheng Molybdenum Co., Ltd. announced that they will report first half, 2024 results on Aug 23, 2024 Declared Dividend • Jun 27
Dividend increased to CN¥0.40 Dividend of CN¥0.40 is 33% higher than last year. Ex-date: 2nd July 2024 Payment date: 2nd July 2024 Dividend yield will be 3.9%, which is higher than the industry average of 2.8%. Sustainability & Growth Dividend is well covered by both earnings (45% earnings payout ratio) and cash flows (40% cash payout ratio). The dividend has increased by an average of 26% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 18% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 01
Jinduicheng Molybdenum Co., Ltd., Annual General Meeting, May 20, 2024 Jinduicheng Molybdenum Co., Ltd., Annual General Meeting, May 20, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Xi'an, Shaanxi China Reported Earnings • Apr 26
First quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2024 results: EPS: CN¥0.20 (down from CN¥0.26 in 1Q 2023). Revenue: CN¥2.87b (up 8.4% from 1Q 2023). Net income: CN¥633.2m (down 24% from 1Q 2023). Profit margin: 22% (down from 32% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) missed analyst estimates by 6.7%. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 03
Full year 2023 earnings: EPS in line with expectations, revenues disappoint Full year 2023 results: EPS: CN¥0.96 (up from CN¥0.41 in FY 2022). Revenue: CN¥11.5b (up 21% from FY 2022). Net income: CN¥3.10b (up 132% from FY 2022). Profit margin: 27% (up from 14% in FY 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 12%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Metals and Mining industry in China. 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 25% per year, which means it is significantly lagging earnings growth. Announcement • Mar 29
Jinduicheng Molybdenum Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024 Jinduicheng Molybdenum Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥9.77, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 11x in the Metals and Mining industry in China. Total returns to shareholders of 91% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥13.85 per share. Reported Earnings • Jan 25
Full year 2023 earnings released: EPS: CN¥0.97 (vs CN¥0.41 in FY 2022) Full year 2023 results: EPS: CN¥0.97 (up from CN¥0.41 in FY 2022). Revenue: CN¥11.6b (up 22% from FY 2022). Net income: CN¥3.13b (up 134% from FY 2022). Profit margin: 27% (up from 14% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.1% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Metals and Mining industry in China. 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 20% per year, which means it is significantly lagging earnings growth. Announcement • Dec 30
Jinduicheng Molybdenum Co., Ltd. to Report Fiscal Year 2023 Results on Apr 03, 2024 Jinduicheng Molybdenum Co., Ltd. announced that they will report fiscal year 2023 results on Apr 03, 2024 Reported Earnings • Oct 29
Third quarter 2023 earnings released: EPS: CN¥0.26 (vs CN¥0.096 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.26 (up from CN¥0.096 in 3Q 2022). Revenue: CN¥3.34b (up 54% from 3Q 2022). Net income: CN¥844.0m (up 174% from 3Q 2022). Profit margin: 25% (up from 14% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
Jinduicheng Molybdenum Co., Ltd. to Report Q3, 2023 Results on Oct 28, 2023 Jinduicheng Molybdenum Co., Ltd. announced that they will report Q3, 2023 results at 3:00 PM, China Standard Time on Oct 28, 2023 Reported Earnings • Aug 23
Second quarter 2023 earnings released: EPS: CN¥0.20 (vs CN¥0.12 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.20 (up from CN¥0.12 in 2Q 2022). Revenue: CN¥2.87b (up 8.2% from 2Q 2022). Net income: CN¥660.1m (up 69% from 2Q 2022). Profit margin: 23% (up from 15% in 2Q 2022). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Metals and Mining industry in China. 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 20% per year, which means it is significantly lagging earnings growth. New Risk • Aug 20
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.8% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 1.8% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Announcement • Jun 28
Jinduicheng Molybdenum Co., Ltd. to Report First Half, 2023 Results on Aug 19, 2023 Jinduicheng Molybdenum Co., Ltd. announced that they will report first half, 2023 results on Aug 19, 2023 Reported Earnings • Apr 25
First quarter 2023 earnings released: EPS: CN¥0.26 (vs CN¥0.085 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.26 (up from CN¥0.085 in 1Q 2022). Revenue: CN¥2.64b (up 18% from 1Q 2022). Net income: CN¥832.7m (up 203% from 1Q 2022). Profit margin: 32% (up from 12% in 1Q 2022). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jan 31
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥14.25, the stock trades at a trailing P/E ratio of 33.1x. Average trailing P/E is 32x in the Metals and Mining industry in China. Total returns to shareholders of 146% over the past three years. Reported Earnings • Jan 11
Full year 2022 earnings released: EPS: CN¥0.43 (vs CN¥0.15 in FY 2021) Full year 2022 results: EPS: CN¥0.43 (up from CN¥0.15 in FY 2021). Revenue: CN¥9.57b (up 20% from FY 2021). Net income: CN¥1.39b (up 181% from FY 2021). Profit margin: 14% (up from 6.2% in FY 2021). The increase in margin was driven by higher revenue. 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 15% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Dec 15
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥11.30, the stock trades at a trailing P/E ratio of 34.8x. Average trailing P/E is 31x in the Metals and Mining industry in China. Total returns to shareholders of 61% over the past three years. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 11 experienced directors. 1 highly experienced director. 4 independent directors (7 non-independent directors). Independent Director Gang Liu was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Nov 08
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥10.05, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 14x in the Metals and Mining industry in China. Total returns to shareholders of 59% over the past three years. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: CN¥0.096 (vs CN¥0.055 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.096 (up from CN¥0.055 in 3Q 2021). Revenue: CN¥2.17b (down 3.2% from 3Q 2021). Net income: CN¥308.3m (up 72% from 3Q 2021). Profit margin: 14% (up from 8.0% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 14
Investor sentiment improved over the past week After last week's 22% share price gain to CN¥9.57, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 13x in the Metals and Mining industry in China. Total returns to shareholders of 49% over the past three years. Reported Earnings • Jul 30
Second quarter 2022 earnings released: EPS: CN¥0.12 (vs CN¥0.052 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.12 (up from CN¥0.052 in 2Q 2021). Revenue: CN¥2.65b (up 24% from 2Q 2021). Net income: CN¥377.3m (up 124% from 2Q 2021). Profit margin: 14% (up from 7.9% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 29%, compared to a 32% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 8% per year and the company’s share price has also increased by 8% per year. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 11 experienced directors. 1 highly experienced director. 4 independent directors (7 non-independent directors). Independent Director Gang Liu was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Feb 11
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CN¥0.15 (up from CN¥0.06 in FY 2020). Revenue: CN¥7.97b (up 5.2% from FY 2020). Net income: CN¥471.2m (up 159% from FY 2020). Profit margin: 5.9% (up from 2.4% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 6.3%. Earnings per share (EPS) also missed analyst estimates by 8.8%. Over the next year, revenue is forecast to grow 14%, compared to a 25% growth forecast for the mining industry in China. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Announcement • Dec 13
Jinduicheng Molybdenum Co., Ltd.(XSSC:601958) dropped from FTSE All-World Index (USD) Jinduicheng Molybdenum Co., Ltd.(XSSC:601958) dropped from FTSE All-World Index (USD) Price Target Changed • Nov 08
Price target increased to CN¥8.48 Up from CN¥7.50, the current price target is an average from 2 analysts. New target price is 18% above last closing price of CN¥7.18. Stock is up 20% over the past year. The company is forecast to post earnings per share of CN¥0.09 for next year compared to CN¥0.06 last year. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.055 (vs CN¥0.004 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥2.24b (up 19% from 3Q 2020). Net income: CN¥179.6m (up CN¥191.1m from 3Q 2020). Profit margin: 8.0% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Reported Earnings • Aug 24
Second quarter 2021 earnings released: EPS CN¥0.052 (vs CN¥0.015 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥2.13b (up 2.3% from 2Q 2020). Net income: CN¥168.4m (up 242% from 2Q 2020). Profit margin: 7.9% (up from 2.4% in 2Q 2020). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Reported Earnings • Jul 24
Second quarter 2021 earnings released: EPS CN¥0.05 (vs CN¥0.015 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥2.13b (up 2.3% from 2Q 2020). Net income: CN¥162.9m (up 231% from 2Q 2020). Profit margin: 7.6% (up from 2.4% in 2Q 2020). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Reported Earnings • Apr 28
First quarter 2021 earnings released: EPS CN¥0.023 (vs CN¥0.024 in 1Q 2020) The company reported a soft first quarter result with weaker earnings and revenues, although profit margins were improved. First quarter 2021 results: Revenue: CN¥1.64b (down 17% from 1Q 2020). Net income: CN¥73.1m (down 5.5% from 1Q 2020). Profit margin: 4.5% (up from 3.9% in 1Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Major Estimate Revision • Apr 16
Consensus revenue estimates fall to CN¥7.30b The consensus outlook for revenues in 2021 has deteriorated. 2021 revenue forecast decreased from CN¥8.51b to CN¥7.30b. EPS estimate fell from CN¥0.11 to CN¥0.08 per share. Net income forecast to grow 57% next year vs 37% growth forecast for Metals and Mining industry in China. Consensus price target of CN¥6.50 unchanged from last update. Share price was steady at CN¥6.05 over the past week. Reported Earnings • Apr 11
Full year 2020 earnings released: EPS CN¥0.06 (vs CN¥0.18 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥7.58b (down 17% from FY 2019). Net income: CN¥182.0m (down 68% from FY 2019). Profit margin: 2.4% (down from 6.2% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Jan 30
Full year 2020 earnings released: EPS CN¥0.05 (vs CN¥0.18 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥7.63b (down 17% from FY 2019). Net income: CN¥173.2m (down 70% from FY 2019). Profit margin: 2.3% (down from 6.2% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Analyst Estimate Surprise Post Earnings • Jan 30
Revenue and earnings miss expectations Revenue missed analyst estimates by 4.4%. Earnings per share (EPS) also missed analyst estimates by 23%. Over the next year, revenue is forecast to grow 15%, compared to a 17% growth forecast for the Metals and Mining industry in China. Is New 90 Day High Low • Jan 29
New 90-day low: CN¥5.54 The company is down 2.0% from its price of CN¥5.67 on 30 October 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥0.77 per share. Is New 90 Day High Low • Jan 07
New 90-day high: CN¥6.52 The company is up 8.0% from its price of CN¥6.02 on 09 October 2020. The Chinese market is up 11% 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. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥0.77 per share. Is New 90 Day High Low • Nov 24
New 90-day high: CN¥6.48 The company is up 5.0% from its price of CN¥6.17 on 26 August 2020. The Chinese market is flat over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥0.57 per share. Price Target Changed • Nov 06
Price target lowered to CN¥6.91 Down from CN¥7.50, the current price target is an average from 2 analysts. The new target price is 18% above the current share price of CN¥5.87. As of last close, the stock is down 17% over the past year. Announcement • Aug 10
Jinduicheng Molybdenum Co., Ltd. Announces Temporary Production Suspension of Two Units of Mining and Metallurgy Branch Company Jinduicheng Molybdenum Co., Ltd. announced temporary production suspension of two units of mining and metallurgy branch company. Announcement • Jul 08
Jinduicheng Molybdenum Co., Ltd. to Report First Half, 2020 Results on Aug 22, 2020 Jinduicheng Molybdenum Co., Ltd. announced that they will report first half, 2020 results on Aug 22, 2020