Reported Earnings • May 01
First quarter 2026 earnings released: EPS: CN¥0.001 (vs CN¥0.063 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.001 (down from CN¥0.063 in 1Q 2025). Revenue: CN¥10.6b (down 14% from 1Q 2025). Net income: CN¥17.0m (down 75% from 1Q 2025). Profit margin: 0.2% (down from 0.5% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. New Risk • May 01
New major risk - Revenue and earnings growth Earnings have declined by 37% per year over the past 5 years. 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 declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. 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. This is currently the only risk that has been identified for the company. Ankündigung • Apr 09
Minmetals Development Co., Ltd., Annual General Meeting, Apr 29, 2026 Minmetals Development Co., Ltd., Annual General Meeting, Apr 29, 2026, at 09:30 China Standard Time. Location: 4F, Tower D, No. 5, Sanlihe Road, Haidian District, Beijing China Buy Or Sell Opportunity • Apr 08
Now 23% overvalued The stock has been flat over the last 90 days, currently trading at CN¥11.25. The fair value is estimated to be CN¥9.18, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 15% over the last 3 years. Earnings per share has declined by 17%. Reported Earnings • Mar 31
Full year 2025 earnings released: CN¥0.05 loss per share (vs CN¥0.12 profit in FY 2024) Full year 2025 results: CN¥0.05 loss per share (down from CN¥0.12 profit in FY 2024). Revenue: CN¥52.8b (down 21% from FY 2024). Net income: CN¥19.1m (down 85% from FY 2024). Profit margin: 0% (down from 0.2% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Ankündigung • Mar 30
Minmetals Development Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026 Minmetals Development Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 New Risk • Feb 19
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 Chinese stocks, typically moving 9.7% 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 (9.7% average weekly change). Minor Risk Large one-off items impacting financial results. New Risk • Jan 16
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Large one-off items impacting financial results. Ankündigung • Jan 16
Minmetals Development Co., Ltd. announced a financing transaction Minmetals Development Co., Ltd. announced a private placement of Common Shares of the company of not more than 100% of the acquisition price by issuing not more than 30% of total share capital priced at not less than 80% of the average price in the 20 trading days before the pricing reference date January 14, 2026. The transaction involves participation from not more than 35 investors. The transaction is approved in the 12th Meeting of the Company’s 10th Directorate and is subject to receive 1. The Second Approval of the Company’s Directorate after Minmetals Mining Holdings Limited’s Audit and Assessment Work are Completed, the state-owned assets supervision and management agency’s approval, the Company convened a meeting of employee representatives to review and approve the employee resettlement plan involved in this transaction, the company’s shareholders’ approval, the Shanghai Stock Exchange’s approval, the CSRC’s approval, other necessary approvals. Board Change • Jan 15
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Shuguang Li was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Ankündigung • Dec 26
Minmetals Development Co., Ltd. to Report Fiscal Year 2025 Results on Mar 31, 2026 Minmetals Development Co., Ltd. announced that they will report fiscal year 2025 results on Mar 31, 2026 Reported Earnings • Oct 31
Third quarter 2025 earnings released: EPS: CN¥0.002 (vs CN¥0.08 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.002 (down from CN¥0.08 in 3Q 2024). Revenue: CN¥13.9b (down 17% from 3Q 2024). Net income: CN¥6.26m (down 93% from 3Q 2024). Profit margin: 0% (down from 0.5% in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Ankündigung • Sep 30
Minmetals Development Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025 Minmetals Development Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025 Valuation Update With 7 Day Price Move • Aug 25
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥9.80, the stock trades at a trailing P/E ratio of 35x. Average trailing P/E is 33x in the Trade Distributors industry in China. Total returns to shareholders of 3.2% over the past three years. Ankündigung • Jun 30
Minmetals Development Co., Ltd. to Report First Half, 2025 Results on Aug 30, 2025 Minmetals Development Co., Ltd. announced that they will report first half, 2025 results on Aug 30, 2025 Reported Earnings • May 03
First quarter 2025 earnings released: EPS: CN¥0.04 (vs CN¥0.13 loss in 1Q 2024) First quarter 2025 results: EPS: CN¥0.04 (up from CN¥0.13 loss in 1Q 2024). Revenue: CN¥12.4b (down 15% from 1Q 2024). Net income: CN¥67.1m (up CN¥174.8m from 1Q 2024). Profit margin: 0.5% (up from net loss in 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance. Ankündigung • Mar 29
Minmetals Development Co., Ltd., Annual General Meeting, Apr 29, 2025 Minmetals Development Co., Ltd., Annual General Meeting, Apr 29, 2025, at 09:30 China Standard Time. Location: 4F, Tower D, No. 5, Sanlihe Road, Haidian District, Beijing China Ankündigung • Mar 28
Minmetals Development Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025 Minmetals Development Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 Ankündigung • Dec 27
Minmetals Development Co., Ltd. to Report Fiscal Year 2024 Results on Mar 29, 2025 Minmetals Development Co., Ltd. announced that they will report fiscal year 2024 results on Mar 29, 2025 Reported Earnings • Oct 31
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: CN¥16.7b (down 19% from 3Q 2023). Net income: CN¥85.6m (up CN¥104.9m from 3Q 2023). Profit margin: 0.5% (up from net loss in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 62% 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. Ankündigung • Sep 30
Minmetals Development Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024 Minmetals Development Co., Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024 Reported Earnings • Aug 31
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: CN¥20.2b (down 2.4% from 2Q 2023). Net income: CN¥158.4m (down 4.6% from 2Q 2023). Profit margin: 0.8% (in line with 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Ankündigung • Jun 28
Minmetals Development Co., Ltd. to Report First Half, 2024 Results on Aug 31, 2024 Minmetals Development Co., Ltd. announced that they will report first half, 2024 results on Aug 31, 2024 Reported Earnings • Apr 30
First quarter 2024 earnings released: CN¥0.13 loss per share (vs CN¥0.03 profit in 1Q 2023) First quarter 2024 results: CN¥0.13 loss per share (down from CN¥0.03 profit in 1Q 2023). Revenue: CN¥14.5b (down 16% from 1Q 2023). Net loss: CN¥107.7m (down 432% from profit in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Ankündigung • Apr 09
Minmetals Development Co., Ltd., Annual General Meeting, Apr 29, 2024 Minmetals Development Co., Ltd., Annual General Meeting, Apr 29, 2024, at 09:00 China Standard Time. Location: 4F, Tower D, No. 5, Sanlihe Road, Haidian District, Beijing China Reported Earnings • Mar 31
Full year 2023 earnings released: EPS: CN¥0.11 (vs CN¥0.32 in FY 2022) Full year 2023 results: EPS: CN¥0.11 (down from CN¥0.32 in FY 2022). Revenue: CN¥79.0b (flat on FY 2022). Net income: CN¥199.2m (down 41% from FY 2022). Profit margin: 0.3% (down from 0.4% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Ankündigung • Mar 29
Minmetals Development Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024 Minmetals Development Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥7.40, the stock trades at a trailing P/E ratio of 49.7x. Average trailing P/E is 19x in the Trade Distributors industry in China. Total returns to shareholders of 14% over the past three years. Ankündigung • Dec 30
Minmetals Development Co., Ltd. to Report Fiscal Year 2023 Results on Mar 30, 2024 Minmetals Development Co., Ltd. announced that they will report fiscal year 2023 results on Mar 30, 2024 Reported Earnings • Nov 01
Third quarter 2023 earnings released: CN¥0.01 loss per share (vs CN¥0.013 loss in 3Q 2022) Third quarter 2023 results: CN¥0.01 loss per share. Revenue: CN¥20.7b (up 9.3% from 3Q 2022). Net loss: CN¥19.3m (loss widened 5.0% from 3Q 2022). New Risk • Sep 11
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 50% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (50% net debt to equity). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.3% net profit margin). Reported Earnings • Aug 31
Second quarter 2023 earnings released: EPS: CN¥0.12 (vs CN¥0.15 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.12 (down from CN¥0.15 in 2Q 2022). Revenue: CN¥20.7b (down 12% from 2Q 2022). Net income: CN¥166.1m (down 32% from 2Q 2022). Profit margin: 0.8% (down from 1.0% in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Reported Earnings • Apr 30
First quarter 2023 earnings released: EPS: CN¥0.03 (vs CN¥0.12 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.03 (down from CN¥0.12 in 1Q 2022). Revenue: CN¥17.3b (up 13% from 1Q 2022). Net income: CN¥32.5m (down 75% from 1Q 2022). Profit margin: 0.2% (down from 0.9% in 1Q 2022). 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 16% per year. Board Change • Nov 16
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 7 new directors. 2 experienced directors. 1 highly experienced director. 2 independent directors (5 non-independent directors). Independent Director Shou Wen Zhang is the most experienced director on the board, commencing their role in 2014. Independent Director Xinmin Zhang was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 25
Third quarter 2022 earnings released: CN¥0.013 loss per share (vs CN¥0.046 profit in 3Q 2021) Third quarter 2022 results: CN¥0.013 loss per share (down from CN¥0.046 profit in 3Q 2021). Revenue: CN¥18.9b (down 14% from 3Q 2021). Net loss: CN¥18.4m (down 132% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 24
Second quarter 2022 earnings released: EPS: CN¥0.15 (vs CN¥0.11 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.15 (up from CN¥0.11 in 2Q 2021). Revenue: CN¥23.5b (down 14% from 2Q 2021). Net income: CN¥243.1m (up 20% from 2Q 2021). Profit margin: 1.0% (up from 0.7% in 2Q 2021). 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. Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥11.60, the stock trades at a trailing P/E ratio of 24.1x. Average trailing P/E is 26x in the Trade Distributors industry in China. Total returns to shareholders of 30% over the past three years. Valuation Update With 7 Day Price Move • May 31
Investor sentiment improved over the past week After last week's 24% share price gain to CN¥9.56, the stock trades at a trailing P/E ratio of 19.8x. Average trailing P/E is 26x in the Trade Distributors industry in China. Total returns to shareholders of 9.9% over the past three years. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Quansheng Chen was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 15
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: CN¥0.31 (up from CN¥0.25 in FY 2020). Revenue: CN¥87.5b (up 30% from FY 2020). Net income: CN¥479.0m (up 78% from FY 2020). Profit margin: 0.5% (up from 0.4% in FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 111% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Oct 23
Third quarter 2021 earnings released: EPS CN¥0.046 (vs CN¥0.092 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CN¥21.9b (up 4.3% from 3Q 2020). Net income: CN¥57.8m (down 41% from 3Q 2020). Profit margin: 0.3% (down from 0.5% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥9.80, the stock trades at a trailing P/E ratio of 25.4x. Average trailing P/E is 23x in the Trade Distributors industry in China. Total returns to shareholders of 35% over the past three years. Reported Earnings • Aug 31
Second quarter 2021 earnings released: EPS CN¥0.11 (vs CN¥0.18 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: CN¥27.6b (up 45% from 2Q 2020). Net income: CN¥202.1m (up 2.5% from 2Q 2020). Profit margin: 0.7% (down from 1.0% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 26
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥10.53, the stock trades at a trailing P/E ratio of 26.5x. Average trailing P/E is 26x in the Trade Distributors industry in China. Total returns to shareholders of 30% over the past three years. Valuation Update With 7 Day Price Move • May 11
Investor sentiment improved over the past week After last week's 24% share price gain to CN¥8.92, the stock trades at a trailing P/E ratio of 22.4x. Average trailing P/E is 28x in the Trade Distributors industry in China. Total loss to shareholders of 16% over the past three years. Reported Earnings • Apr 30
First quarter 2021 earnings released: EPS CN¥0.09 (vs CN¥0.044 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥16.6b (up 86% from 1Q 2020). Net income: CN¥92.5m (up CN¥140.2m from 1Q 2020). Profit margin: 0.6% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 30
Full year 2020 earnings released: EPS CN¥0.11 (vs CN¥0.16 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥67.3b (up 8.1% from FY 2019). Net income: CN¥268.7m (up 55% from FY 2019). Profit margin: 0.4% (up from 0.3% in FY 2019). Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Ankündigung • Mar 05
Minmetals Development Co., Ltd. to Report Fiscal Year 2020 Results on Mar 30, 2021 Minmetals Development Co., Ltd. announced that they will report fiscal year 2020 results on Mar 30, 2021 Valuation Update With 7 Day Price Move • Feb 23
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥7.88, the stock is trading at a trailing P/E ratio of 30.1x, up from the previous P/E ratio of 25.9x. This compares to an average P/E of 25x in the Trade Distributors industry in China. Total return to shareholders over the past three years is a loss of 25%. Is New 90 Day High Low • Feb 22
New 90-day high: CN¥7.77 The company is up 1.0% from its price of CN¥7.70 on 24 November 2020. The Chinese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Trade Distributors industry, which is down 5.0% over the same period. Is New 90 Day High Low • Nov 20
New 90-day high: CN¥7.38 The company is up 6.0% from its price of CN¥6.93 on 21 August 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Trade Distributors industry, which is down 9.0% over the same period. Reported Earnings • Nov 01
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥280.6m, with earnings increasing by CN¥543.1m from the prior year. Total revenue was CN¥66.9b over the last 12 months, up 9.6% from the prior year. Is New 90 Day High Low • Oct 27
New 90-day low: CN¥6.50 The company is down 5.0% from its price of CN¥6.83 on 29 July 2020. The Chinese market is flat over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Trade Distributors industry, which is down 6.0% over the same period. Is New 90 Day High Low • Oct 04
New 90-day low: CN¥6.61 The company is down 2.0% from its price of CN¥6.74 on 06 July 2020. The Chinese market is up 4.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Trade Distributors industry, which is down 5.0% over the same period. Ankündigung • Jul 17
Minmetals Development Co., Ltd. to Report First Half, 2020 Results on Aug 29, 2020 Minmetals Development Co., Ltd. announced that they will report first half, 2020 results on Aug 29, 2020