New Risk • May 21
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 0.4% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. 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 (8.6% average weekly change). Buy Or Sell Opportunity • May 14
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 17% to CN¥37.43. The fair value is estimated to be CN¥47.85, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.6% over the last 3 years. Earnings per share has grown by 32%. Revenue is forecast to grow by 147% in 2 years. Earnings are forecast to grow by 168% in the next 2 years. Major Estimate Revision • May 09
Consensus revenue estimates increase by 10% The consensus outlook for revenues in fiscal year 2026 has improved. 2026 revenue forecast increased from CN¥4.05b to CN¥4.48b. EPS estimate increased from CN¥1.33 to CN¥2.19 per share. Net income forecast to grow 146% next year vs 50% growth forecast for Metals and Mining industry in China. Consensus price target up from CN¥36.00 to CN¥48.00. Share price rose 10% to CN¥40.17 over the past week. Reported Earnings • Apr 29
First quarter 2026 earnings released: EPS: CN¥0.12 (vs CN¥0.012 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.12 (up from CN¥0.012 in 1Q 2025). Revenue: CN¥384.4m (up 9.0% from 1Q 2025). Net income: CN¥79.4m (up CN¥71.1m from 1Q 2025). Profit margin: 21% (up from 2.3% in 1Q 2025). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 34% 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 32% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Ankündigung • Apr 29
Shengda Resources Co.,Ltd., Annual General Meeting, May 22, 2026 Shengda Resources Co.,Ltd., Annual General Meeting, May 22, 2026, at 14:30 China Standard Time. Location: 2F, No. 158, Nanfangzhuang, Fengtai District, Beijing China Buy Or Sell Opportunity • Apr 24
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 27% to CN¥37.71. The fair value is estimated to be CN¥47.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.8% over the last 3 years. Earnings per share has grown by 7.7%. Revenue is forecast to grow by 104% in 2 years. Earnings are forecast to grow by 118% in the next 2 years. Ankündigung • Mar 31
Shengda Resources Co.,Ltd. to Report Q1, 2026 Results on Apr 29, 2026 Shengda Resources Co.,Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026 Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥35.09, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 21x in the Metals and Mining industry in China. Total returns to shareholders of 113% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥50.63 per share. Buy Or Sell Opportunity • Mar 19
Now 22% undervalued Over the last 90 days, the stock has risen 31% to CN¥39.63. The fair value is estimated to be CN¥50.61, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.8% over the last 3 years. Earnings per share has grown by 7.7%. Revenue is forecast to grow by 102% in 2 years. Earnings are forecast to grow by 114% in the next 2 years. Valuation Update With 7 Day Price Move • Feb 27
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥52.00, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 25x in the Metals and Mining industry in China. Total returns to shareholders of 288% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥51.28 per share. Valuation Update With 7 Day Price Move • Feb 03
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥49.46, the stock trades at a forward P/E ratio of 43x. Average forward P/E is 24x in the Metals and Mining industry in China. Total returns to shareholders of 254% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥50.13 per share. New Risk • Jan 30
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 9.9% 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. This is currently the only risk that has been identified for the company. Buy Or Sell Opportunity • Jan 27
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 158% to CN¥61.16. The fair value is estimated to be CN¥50.60, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.8% over the last 3 years. Earnings per share has grown by 7.7%. Revenue is forecast to grow by 92% in 2 years. Earnings are forecast to grow by 104% in the next 2 years. Valuation Update With 7 Day Price Move • Jan 12
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥37.55, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 23x in the Metals and Mining industry in China. Total returns to shareholders of 179% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥49.83 per share. Ankündigung • Dec 31
Shengda Resources Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 29, 2026 Shengda Resources Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 29, 2026 Valuation Update With 7 Day Price Move • Nov 28
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥26.20, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 19x in the Metals and Mining industry in China. Total returns to shareholders of 112% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥49.90 per share. New Risk • Nov 14
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 9.5% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Oct 28
Third quarter 2025 earnings released: EPS: CN¥0.37 (vs CN¥0.17 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.37 (up from CN¥0.17 in 3Q 2024). Revenue: CN¥746.2m (up 37% from 3Q 2024). Net income: CN¥252.5m (up 116% from 3Q 2024). Profit margin: 34% (up from 21% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 27% 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 8% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Sep 30
Shengda Resources Co.,Ltd. to Report Q3, 2025 Results on Oct 28, 2025 Shengda Resources Co.,Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025 Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥23.33, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 19x in the Metals and Mining industry in China. Total returns to shareholders of 136% over the past three years. New Risk • Sep 05
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 6.8% 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. Valuation Update With 7 Day Price Move • Sep 02
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥20.43, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 19x in the Metals and Mining industry in China. Total returns to shareholders of 88% over the past three years. Reported Earnings • Aug 23
Second quarter 2025 earnings released: EPS: CN¥0.09 (vs CN¥0.13 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.09 (down from CN¥0.13 in 2Q 2024). Revenue: CN¥553.6m (down 6.0% from 2Q 2024). Net income: CN¥61.8m (down 32% from 2Q 2024). Profit margin: 11% (down from 16% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 26% 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 fallen by 7% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Ankündigung • Jul 02
Shengda Resources Co.,Ltd. to Report First Half, 2025 Results on Aug 30, 2025 Shengda Resources Co.,Ltd. announced that they will report first half, 2025 results on Aug 30, 2025 Valuation Update With 7 Day Price Move • Jun 06
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥15.40, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 16x in the Metals and Mining industry in China. Total returns to shareholders of 32% over the past three years. Major Estimate Revision • May 06
Consensus EPS estimates increase by 12%, revenue downgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from CN¥2.98b to CN¥2.90b. EPS estimate rose from CN¥0.778 to CN¥0.87. Net income forecast to grow 62% next year vs 40% growth forecast for Metals and Mining industry in China. Consensus price target of CN¥17.00 unchanged from last update. Share price fell 3.4% to CN¥13.77 over the past week. Reported Earnings • May 02
First quarter 2025 earnings released: EPS: CN¥0.012 (vs CN¥0.013 loss in 1Q 2024) First quarter 2025 results: EPS: CN¥0.012 (up from CN¥0.013 loss in 1Q 2024). Revenue: CN¥352.6m (up 34% from 1Q 2024). Net income: CN¥8.28m (up CN¥17.1m from 1Q 2024). Profit margin: 2.3% (up from net loss in 1Q 2024). The move to profitability was driven by higher revenue. Revenue is forecast to grow 24% 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 fallen by 16% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Ankündigung • Apr 30
Shengda Resources Co.,Ltd., Annual General Meeting, May 20, 2025 Shengda Resources Co.,Ltd., Annual General Meeting, May 20, 2025, at 14:00 China Standard Time. Location: 2F, No. 158, Nanfangzhuang, Fengtai District, Beijing China Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to CN¥12.50, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 15x in the Metals and Mining industry in China. Total loss to shareholders of 12% over the past three years. Ankündigung • Mar 31
Shengda Resources Co.,Ltd. to Report Q1, 2025 Results on Apr 30, 2025 Shengda Resources Co.,Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 Ankündigung • Dec 31
Shengda Resources Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 01, 2025 Shengda Resources Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 01, 2025 Major Estimate Revision • Dec 12
Consensus EPS estimates fall by 11%, revenue upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from CN¥1.96b to CN¥2.13b. EPS estimate fell from CN¥0.58 to CN¥0.517 per share. Net income forecast to grow 145% next year vs 36% growth forecast for Metals and Mining industry in China. Consensus price target of CN¥13.73 unchanged from last update. Share price rose 5.2% to CN¥13.55 over the past week. Ankündigung • Nov 13
Shengda Resources Co.,Ltd. (SZSE:000603) agreed to acquire remaining 33% stake in Inner Mongolia Jinshan Mining Co., Ltd. from Gansu Shengda Group Co. Ltd for approximately CNY 610 million. Shengda Resources Co.,Ltd. (SZSE:000603) agreed to acquire remaining 33% stake in Inner Mongolia Jinshan Mining Co., Ltd. from Gansu Shengda Group Co. Ltd for approximately CNY 610 million on November 11, 2024. A cash consideration will be paid by Shengda Resources Co.,Ltd. Upon completion, Shengda Resources Co.,Ltd. will own 100% stake in Inner Mongolia Jinshan Mining Co., Ltd.
As of September 30, 2024, Inner Mongolia Jinshan Mining Co., Ltd. reported total assets of CNY 1.36 billion and total common equity of CNY 571.23 million. The transaction is approved by board of directors of Shengda Resources Co.,Ltd. Major Estimate Revision • Nov 06
Consensus revenue estimates increase by 15% The consensus outlook for revenues in fiscal year 2024 has improved. 2024 revenue forecast increased from CN¥1.70b to CN¥1.96b. EPS estimate increased from CN¥0.523 to CN¥0.58 per share. Net income forecast to grow 140% next year vs 39% growth forecast for Metals and Mining industry in China. Consensus price target of CN¥13.73 unchanged from last update. Share price rose 7.7% to CN¥14.63 over the past week. Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: CN¥0.17 (vs CN¥0.11 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.17 (up from CN¥0.11 in 3Q 2023). Revenue: CN¥544.8m (down 21% from 3Q 2023). Net income: CN¥116.7m (up 60% from 3Q 2023). Profit margin: 21% (up from 11% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 28% 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 fallen by 32% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Ankündigung • Sep 30
Shengda Resources Co.,Ltd. to Report Q3, 2024 Results on Oct 31, 2024 Shengda Resources Co.,Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥13.08, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 14x in the Metals and Mining industry in China. Total returns to shareholders of 11% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥12.81 per share. Reported Earnings • Aug 31
Second quarter 2024 earnings released: EPS: CN¥0.13 (vs CN¥0.065 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.13 (up from CN¥0.065 in 2Q 2023). Revenue: CN¥588.9m (up 9.8% from 2Q 2023). Net income: CN¥91.3m (up 103% from 2Q 2023). Profit margin: 16% (up from 8.4% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% 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 fallen by 30% 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. Valuation Update With 7 Day Price Move • Jul 25
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to CN¥10.60, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 13x in the Metals and Mining industry in China. Total loss to shareholders of 17% over the past three years. Board Change • Jul 06
High number of new and inexperienced directors There are 10 new directors who have joined the board in the last 3 years. The company's board is composed of: 10 new directors. 1 experienced director. 1 highly experienced director. Employee Supervisor Liang Liang Zhang is the most experienced director on the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Ankündigung • Jun 29
Shengda Resources Co.,Ltd. to Report First Half, 2024 Results on Aug 31, 2024 Shengda Resources Co.,Ltd. announced that they will report first half, 2024 results on Aug 31, 2024 Valuation Update With 7 Day Price Move • Jun 05
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥12.86, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 14x in the Metals and Mining industry in China. Total loss to shareholders of 8.0% over the past three years. Reported Earnings • Apr 30
First quarter 2024 earnings released: CN¥0.013 loss per share (vs CN¥0.024 profit in 1Q 2023) First quarter 2024 results: CN¥0.013 loss per share (down from CN¥0.024 profit in 1Q 2023). Revenue: CN¥263.3m (down 6.3% from 1Q 2023). Net loss: CN¥8.78m (down 154% from profit in 1Q 2023). Revenue is forecast to grow 3.8% p.a. on average during the next 2 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 fallen by 22% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Ankündigung • Apr 29
Shengda Resources Co.,Ltd., Annual General Meeting, May 21, 2024 Shengda Resources Co.,Ltd., Annual General Meeting, May 21, 2024, at 14:00 China Standard Time. Location: 2F, No. 158, Nanfangzhuang, Fengtai District, Beijing China Ankündigung • Mar 30
Shengda Resources Co.,Ltd. to Report Q1, 2024 Results on Apr 30, 2024 Shengda Resources Co.,Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 Valuation Update With 7 Day Price Move • Mar 29
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥12.90, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 15x in the Metals and Mining industry in China. Total loss to shareholders of 4.2% over the past three years. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥8.10, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 12x in the Metals and Mining industry in China. Total loss to shareholders of 39% over the past three years. Ankündigung • Dec 30
Shengda Resources Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 27, 2024 Shengda Resources Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 27, 2024 Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.11 (vs CN¥0.19 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.11 (down from CN¥0.19 in 3Q 2022). Revenue: CN¥686.2m (up 7.7% from 3Q 2022). Net income: CN¥72.8m (down 44% from 3Q 2022). Profit margin: 11% (down from 21% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Oct 23
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥12.18, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 13x in the Metals and Mining industry in China. Total loss to shareholders of 14% over the past three years. Reported Earnings • Aug 30
Second quarter 2023 earnings released: EPS: CN¥0.065 (vs CN¥0.099 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.065 (down from CN¥0.099 in 2Q 2022). Revenue: CN¥536.4m (up 44% from 2Q 2022). Net income: CN¥44.9m (down 34% from 2Q 2022). Profit margin: 8.4% (down from 18% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.2% 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 9% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jul 14
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥13.78, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 15x in the Metals and Mining industry in China. Total returns to shareholders of 3.9% over the past three years. Valuation Update With 7 Day Price Move • May 09
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥15.53, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 15x in the Metals and Mining industry in China. Total returns to shareholders of 33% over the past three years. Ankündigung • May 06
Shengda Resources Co.,Ltd., Annual General Meeting, May 22, 2023 Shengda Resources Co.,Ltd., Annual General Meeting, May 22, 2023, at 14:00 China Standard Time. Agenda: To consider 2022 work report of the board of directors; to consider 2022 work report of the supervisory committee; to consider 2022 annual report and its summary; to consider 2022 annual accounts; to consider 2022 profit distribution plan; to consider 2023 estimated guarantee quota of the Company and its subsidiaries; and to consider other matters. Reported Earnings • Apr 29
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: EPS: CN¥0.53 (down from CN¥0.61 in FY 2021). Revenue: CN¥1.88b (up 15% from FY 2021). Net income: CN¥364.6m (down 14% from FY 2021). Profit margin: 19% (down from 26% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) missed analyst estimates by 17%. Revenue is forecast to grow 4.7% 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 8% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥18.51, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 14x in the Metals and Mining industry in China. Total returns to shareholders of 55% over the past three years. Valuation Update With 7 Day Price Move • Mar 17
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥16.02, the stock trades at a trailing P/E ratio of 27.5x. Average trailing P/E is 31x in the Metals and Mining industry in China. Total returns to shareholders of 38% over the past three years. Board Change • Nov 16
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Vice Chairman Qing Zhao was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 31
Third quarter 2022 earnings released: EPS: CN¥0.17 (vs CN¥0.18 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.17 (down from CN¥0.18 in 3Q 2021). Revenue: CN¥614.0m (up 48% from 3Q 2021). Net income: CN¥116.5m (down 7.3% from 3Q 2021). Profit margin: 19% (down from 30% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 29
Second quarter 2022 earnings released: EPS: CN¥0.099 (vs CN¥0.15 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.099 (down from CN¥0.15 in 2Q 2021). Revenue: CN¥373.9m (flat on 2Q 2021). Net income: CN¥68.5m (down 36% from 2Q 2021). Profit margin: 18% (down from 28% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Board Change • Apr 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. VP, Secretary of the Board & Director Kaiyan Zhang was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment deteriorated over the past week After last week's 19% share price decline to CN¥11.99, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 16x in the Metals and Mining industry in China. Total returns to shareholders of 11% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥19.19 per share. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.18 (vs CN¥0.23 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and revenues, although profit margins were improved. Third quarter 2021 results: Revenue: CN¥414.6m (down 26% from 3Q 2020). Net income: CN¥125.7m (down 20% from 3Q 2020). Profit margin: 30% (up from 28% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Reported Earnings • Aug 24
Second quarter 2021 earnings released: EPS CN¥0.15 (vs CN¥0.091 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥376.9m (up 7.4% from 2Q 2020). Net income: CN¥106.2m (up 70% from 2Q 2020). Profit margin: 28% (up from 18% in 2Q 2020). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • May 10
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥15.75, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 18x in the Metals and Mining industry in China. Total returns to shareholders of 39% over the past three years. Reported Earnings • Apr 19
Full year 2020 earnings released: EPS CN¥0.42 (vs CN¥0.65 in FY 2019) The company reported a soft full year result with weaker earnings and revenues, although profit margins were improved. Full year 2020 results: Revenue: CN¥1.64b (down 44% from FY 2019). Net income: CN¥290.6m (down 35% from FY 2019). Profit margin: 18% (up from 16% in FY 2019). The increase in margin was driven by lower expenses. 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 7% per year, which means it is well ahead of earnings. Ankündigung • Mar 09
Shengda Resources Co.,Ltd. to Report Fiscal Year 2020 Results on Apr 23, 2021 Shengda Resources Co.,Ltd. announced that they will report fiscal year 2020 results on Apr 23, 2021 Ankündigung • Mar 03
Shengda Resources Plans to Buy 72.5% Stake in Mining Development Firm Shengda Resources Co.,Ltd. (SZSE:000603) said it plans to buy 72.5% stake in Guizhou Dingshengxin Mining Development Co., Ltd. for about CNY 3.19 billion ($493.17 million) via share issue. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥15.97, the stock is trading at a trailing P/E ratio of 38.7x, up from the previous P/E ratio of 32.4x. This compares to an average P/E of 29x in the Metals and Mining industry in China. Total returns to shareholders over the past three years are 29%. Is New 90 Day High Low • Jan 19
New 90-day low: CN¥13.77 The company is down 11% from its price of CN¥15.45 on 21 October 2020. The Chinese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 15% over the same period. Valuation Update With 7 Day Price Move • Jan 14
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥14.01, the stock is trading at a trailing P/E ratio of 34x, down from the previous P/E ratio of 40.3x. This compares to an average P/E of 31x in the Metals and Mining industry in China. Total returns to shareholders over the past three years are 18%. Valuation Update With 7 Day Price Move • Dec 21
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥16.82, the stock is trading at a trailing P/E ratio of 40.8x, up from the previous P/E ratio of 34.3x. This compares to an average P/E of 32x in the Metals and Mining industry in China. Total returns to shareholders over the past three years are 47%. Is New 90 Day High Low • Dec 21
New 90-day high: CN¥16.82 The company is up 14% from its price of CN¥14.71 on 22 September 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 8.0% over the same period. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥284.5m, down 34% from the prior year. Total revenue was CN¥2.00b over the last 12 months, down 18% from the prior year. Is New 90 Day High Low • Oct 26
New 90-day low: CN¥14.23 The company is down 25% from its price of CN¥18.95 on 28 July 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is down 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥8.39 per share. Ankündigung • Sep 19
Zhai Xiaobin agreed to acquire 5% stake in Hexin Finance Information Services (Beijing) Co., Ltd. from Shengda Mining Co.Ltd. (SZSE:000603). Zhai Xiaobin agreed to acquire 5% stake in Hexin Finance Information Services (Beijing) Co., Ltd. from Shengda Mining Co.Ltd. (SZSE:000603) on September 30, 2016. Ankündigung • Jul 31
Shengda Resources Co.,Ltd. to Report First Half, 2020 Results on Aug 22, 2020 Shengda Resources Co.,Ltd. announced that they will report first half, 2020 results on Aug 22, 2020