Ankündigung • May 21
Sinomine Resource Group Co., Ltd. announced that it expects to receive CNY 5.2 billion in funding Sinomine Resource Group Co., Ltd. announces a private placement to issue 216,447,563 A shares at a price not less than 80% of the average price in the 20 trading days before the pricing reference date for gross proceeds of CNY 5,200,000,000 on May 19, 2026. The shares cannot be transferred within 6 months from the issuance closing date. It includes participation from not more than 35 investors. This has been approved in the 2nd Meeting of the Company’s 7th Directorate, and is subject to the approvals of the Company’s Shareholders, the Shenzhen Stock Exchange, and the China Securities Regulatory Commission. Valuation Update With 7 Day Price Move • May 20
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥68.82, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 17x in the Metals and Mining industry in China. Total returns to shareholders of 32% over the past three years. Ankündigung • Apr 10
Sinomine Resource Group Co., Ltd., Annual General Meeting, May 07, 2026 Sinomine Resource Group Co., Ltd., Annual General Meeting, May 07, 2026, at 14:00 China Standard Time. Location: 39F, No. 161, Jinze Road, Fengtai District, Beijing China Ankündigung • Mar 31
Sinomine Resource Group Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026 Sinomine Resource Group Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 Ankündigung • Dec 31
Sinomine Resource Group Co., Ltd. to Report Fiscal Year 2025 Results on Apr 10, 2026 Sinomine Resource Group Co., Ltd. announced that they will report fiscal year 2025 results on Apr 10, 2026 Ankündigung • Sep 30
Sinomine Resource Group Co., Ltd. to Report Q3, 2025 Results on Oct 28, 2025 Sinomine Resource Group Co., Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025 Ankündigung • Jul 02
Sinomine Resource Group Co., Ltd. to Report First Half, 2025 Results on Aug 28, 2025 Sinomine Resource Group Co., Ltd. announced that they will report first half, 2025 results on Aug 28, 2025 Ankündigung • May 17
Sinomine Resource Group Co., Ltd. Approves Final Cash Dividend for 2024 Sinomine Resource Group Co., Ltd. held its Annual General Meeting on 15 May 2025, during which shareholders approved a final cash dividend of CNY 5.00000000 per 10 shares (tax included) for the year 2024. Ankündigung • Apr 25
Sinomine Resource Group Co., Ltd., Annual General Meeting, May 15, 2025 Sinomine Resource Group Co., Ltd., Annual General Meeting, May 15, 2025, at 14:00 China Standard Time. Location: 39F, No. 161, Jinze Road, Fengtai District, Beijing China Ankündigung • Mar 31
Sinomine Resource Group Co., Ltd. to Report Q1, 2025 Results on Apr 25, 2025 Sinomine Resource Group Co., Ltd. announced that they will report Q1, 2025 results on Apr 25, 2025 Ankündigung • Dec 31
Sinomine Resource Group Co., Ltd. to Report Fiscal Year 2024 Results on Apr 25, 2025 Sinomine Resource Group Co., Ltd. announced that they will report fiscal year 2024 results on Apr 25, 2025 New Risk • Oct 29
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 106% The company is paying a dividend despite having no free cash flows. Dividend yield: 2.9% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain 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: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 106% Paying a dividend despite having no free cash flows. High level of non-cash earnings (21% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (15% net profit margin). Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: CN¥0.10 (vs CN¥0.80 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.10 (down from CN¥0.80 in 3Q 2023). Revenue: CN¥1.15b (down 18% from 3Q 2023). Net income: CN¥72.8m (down 87% from 3Q 2023). Profit margin: 6.3% (down from 40% in 3Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 26% 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 7% per year and the company’s share price has also increased by 7% per year. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥32.36, the stock trades at a forward P/E ratio of 21x. 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. Ankündigung • Sep 30
Sinomine Resource Group Co., Ltd. to Report Q3, 2024 Results on Oct 29, 2024 Sinomine Resource Group Co., Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024 Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥33.22, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 14x in the Metals and Mining industry in China. Total returns to shareholders of 20% over the past three years. New Risk • Aug 15
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 21% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (21% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (24% net profit margin). Ankündigung • Jun 29
Sinomine Resource Group Co., Ltd. to Report First Half, 2024 Results on Aug 15, 2024 Sinomine Resource Group Co., Ltd. announced that they will report first half, 2024 results on Aug 15, 2024 Declared Dividend • May 25
Dividend of CN¥1.00 announced Shareholders will receive a dividend of CN¥1.00. Ex-date: 30th May 2024 Payment date: 30th May 2024 Dividend yield will be 3.1%, which is higher than the industry average of 2.8%. Sustainability & Growth Dividend is covered by earnings (53% earnings payout ratio) but not covered by cash flows (417% cash payout ratio). The dividend has increased by an average of 39% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 105% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Ankündigung • May 25
Sinomine Resource Group Co., Ltd. Announces Final Cash Dividend on A Shares for the Year 2023, Payable on 30 May 2024 Sinomine Resource Group Co., Ltd. announced final cash dividend of CNY 10.0000000 per ten A shares (tax included) for the year 2023. Record date: 29 May 2024. Ex-date: 30 May 2024. Payment date: 30 May 2024. Ankündigung • Apr 28
Sinomine Resource Group Co., Ltd., Annual General Meeting, May 17, 2024 Sinomine Resource Group Co., Ltd., Annual General Meeting, May 17, 2024, at 14:00 China Standard Time. Location: 39F, No. 161, Jinze Road, Fengtai District, Beijing China Agenda: To consider 2023 work report of the board of directors; to consider 2023 work report of the supervisory committee; to consider 2023 annual report and its summary; to consider 2023 annual accounts report; to consider 2023 profit distribution plan; to consider Appointment of 2024 audit firm; to consider 2024 application for comprehensive credit line to banks; to consider 2024 estimated external guarantee quota of the Company and subsidiaries; to consider Launching foreign exchange forward settlement and sale business, and commodity futures and options hedging business; to consider Change of the Company's registered capital and amendments to the Company's articles of association; to consider Amendments to the Company's rules of procedure governing shareholders' general meetings; to consider Amendments to the Company's rules of procedure governing the board meetings; and to consider Amendments to the work system for independent directors. Reported Earnings • Apr 27
First quarter 2024 earnings released: EPS: CN¥0.35 (vs CN¥1.70 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.35 (down from CN¥1.70 in 1Q 2023). Revenue: CN¥1.13b (down 46% from 1Q 2023). Net income: CN¥256.2m (down 77% from 1Q 2023). Profit margin: 23% (down from 53% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 38% p.a. on average during the next 2 years, compared to a 9.7% growth forecast for the Metals and Mining industry in China. Ankündigung • Apr 27
Sinomine Resource Group Co., Ltd. Proposes Final Cash Dividend for 2023 Sinomine Resource Group Co., Ltd. proposed Final Cash dividend/10 shares (tax included): CNY 10.00000000 for 2023. Valuation Update With 7 Day Price Move • Apr 25
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥32.44, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 15x in the Metals and Mining industry in China. Total loss to shareholders of 39% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥13.95 per share. Ankündigung • Mar 30
Sinomine Resource Group Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024 Sinomine Resource Group Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 Valuation Update With 7 Day Price Move • Feb 29
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥37.52, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 12x in the Metals and Mining industry in China. Total loss to shareholders of 27% over the past year. Valuation Update With 7 Day Price Move • Jan 31
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥31.19, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 12x in the Metals and Mining industry in China. Total loss to shareholders of 50% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥13.60 per share. Ankündigung • Dec 30
Sinomine Resource Group Co., Ltd. to Report Fiscal Year 2023 Results on Apr 26, 2024 Sinomine Resource Group Co., Ltd. announced that they will report fiscal year 2023 results on Apr 26, 2024 New Risk • Nov 26
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 6.2% 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 High level of non-cash earnings (20% accrual ratio). 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 (6.2% average weekly change). Shareholders have been diluted in the past year (11% increase in shares outstanding). Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: CN¥0.80 (vs CN¥1.14 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.80 (down from CN¥1.14 in 3Q 2022). Revenue: CN¥1.40b (down 32% from 3Q 2022). Net income: CN¥567.7m (down 22% from 3Q 2022). Profit margin: 40% (up from 35% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Metals and Mining industry in China. Ankündigung • Sep 30
Sinomine Resource Group Co., Ltd. to Report Q3, 2023 Results on Oct 31, 2023 Sinomine Resource Group Co., Ltd. announced that they will report Q3, 2023 results on Oct 31, 2023 Ankündigung • Sep 07
Sinomine Resource Group Co., Ltd. (SZSE:002738) announces an Equity Buyback for CNY 500 million worth of its shares. Sinomine Resource Group Co., Ltd. (SZSE:002738) announces a share repurchase program. Under the program, the company will repurchase up to CNY 500 million worth of its shares. The shares will be repurchased at a price of not more than CNY 60 per share. The shares purchased will be used for the company's equity incentive plan or ESOP. The program will be valid till 12 months from approval of board. Reported Earnings • Aug 22
Second quarter 2023 earnings released: EPS: CN¥0.57 (vs CN¥0.86 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.57 (down from CN¥0.86 in 2Q 2022). Revenue: CN¥1.53b (down 2.2% from 2Q 2022). Net income: CN¥406.5m (down 26% from 2Q 2022). Profit margin: 27% (down from 35% in 2Q 2022). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Metals and Mining industry in China. Ankündigung • Jul 01
Sinomine Resource Group Co., Ltd. to Report First Half, 2023 Results on Aug 25, 2023 Sinomine Resource Group Co., Ltd. announced that they will report first half, 2023 results on Aug 25, 2023 
