Ankündigung • Jun 24
Shandong Gold Mining Co., Ltd. Announces Board and Committee Changes Shandong Gold Mining Co., Ltd. announced that the board of directors of the company had received a written resignation report from Mr. Liu Qin, a non-executive Director, on June 22, 2026. Due to work adjustment (the leadership of the controlling shareholder, Shandong Gold Group Co., Ltd. shall not concurrently hold management positions in listed companies), Mr. Liu Qin applied to resign as the vice chairman of the Board, non-executive Director, chairman of the sustainability committee of the Board, member of the audit committee of the Board, and member of the remuneration and appraisal committee under the Board. After his resignation, Mr. Liu Qin would not hold any positions in the company and its controlled subsidiaries. According to the Company Law of the People’s Republic of China, the articles of association of the company and other relevant regulations, the resignation of Mr. Liu Qin would not result in the number of members of the Board falling below the statutory minimum. The resignation of Mr. Liu Qin would take effect upon his resignation report being delivered to the Board on June 22, 2026. Mr. Liu Qin had made appropriate arrangements and completed the handover of all work related to his responsibilities, and this would not have any adverse impact on the operation of the Board, daily management or production and business activities. The company would complete the by-election of a director and the adjustment of the members of specialized committees of the Board as soon as possible in accordance with statutory procedures. During his tenure of office, Mr. Liu Qin had been conscientious and diligent, devoting himself to enhancing corporate governance, strengthening strategic guidance, consolidating the foundation for development and deepening technological innovation. He had made outstanding contributions to the sustainable, steady and high-quality development of the company. Board Change • May 20
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. 6 non-independent directors. Independent Non-Executive Director Fui Kiang Liew was the last independent director to join the board, commencing their role in 2025. 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 • May 13
Shandong Gold Mining Co., Ltd., Annual General Meeting, Jun 03, 2026 Shandong Gold Mining Co., Ltd., Annual General Meeting, Jun 03, 2026, at 09:30 China Standard Time. Location: conference room of the company, no. 2503, jingshi road, licheng district, shandong province, jinan China Ankündigung • Mar 30
Shandong Gold Mining Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026 Shandong Gold Mining Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 Ankündigung • Jan 30
Shandong Gold Mining Co., Ltd. Provides Earnings Guidance for the Year 2025 Shandong Gold Mining Co., Ltd. provided earnings guidance for the year 2025. After preliminary calculation, it is estimated that the Company will realise a net profit attributable to the owners of the parent company of RMB4,600 million to RMB4,900 million for the year 2025, representing an increase of RMB1,600 million to RMB1,900 million as compared with the corresponding period of the previous year, or a year-on-year increase of 56% to 66%. It is expected that the net profit attributable to the owners of the parent company after deducting non-recurring gains and losses will be RMB4,800 million to RMB5,100 million for the year 2025, representing an increase of RMB1,800 million to RMB2,100 million as compared with the corresponding period of the previous year, or a year-on-year increase of 60% to 71%. Ankündigung • Dec 26
Shandong Gold Mining Co., Ltd. to Report Fiscal Year 2025 Results on Mar 27, 2026 Shandong Gold Mining Co., Ltd. announced that they will report fiscal year 2025 results on Mar 27, 2026 Ankündigung • Oct 15
Shandong Gold Mining Co., Ltd. Provides Consolidated Earnings Guidance for the Period from 1 January 2025 to 30 September 2025 Shandong Gold Mining Co., Ltd. provided consolidated earnings guidance for the period from 1 January 2025 to 30 September 2025. For the period, the company expects after preliminary calculation, it is estimated that the company will realise a net profit attributable to the owners of the parent company of RMB 3.80 billion to RMB 4.10 billion for the first three quarters of 2025, representing an increase of RMB 1.73 billion to RMB 2.03 billion as compared with the corresponding period of the previous year, or a year-on-year increase of 83.9% to 98.5%. It is expected that the net profit attributable to the owners of the parent company after deducting non-recurring gains and losses will be RMB 3.78 billion to RMB 4.08 billion for the first three quarters of 2025, representing an increase of RMB 1.69 billion to RMB 1.99 billion as compared with the corresponding period of the previous year, or a year-on-year increase of 80.5% to 94.8%. In the first three quarters of 2025, the Company strategically optimized its production layout, strengthened core technological research, and enhanced meticulous management standards. While scientifically aligning project construction, the Company significantly improved operational efficiency, achieving synergistic gains in production efficiency, resource utilization, and project development pace. Concurrently, coupled with the upward trend in gold prices, the Company's profit recorded a substantial year-on-year increase. Ankündigung • Sep 30
Shandong Gold Mining Co., Ltd. to Report Q3, 2025 Results on Oct 30, 2025 Shandong Gold Mining Co., Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025 Ankündigung • Sep 10
Shandong Gold Mining Co., Ltd. has completed a Follow-on Equity Offering in the amount of HKD 3.90117 billion. Shandong Gold Mining Co., Ltd. has completed a Follow-on Equity Offering in the amount of HKD 3.90117 billion.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 136,500,000
Price\Range: HKD 28.58
Transaction Features: Regulation S; Rule 144A; Subsequent Direct Listing Ankündigung • Sep 02
Shandong Gold Mining Co., Ltd. has filed a Follow-on Equity Offering in the amount of HKD 3.90117 billion. Shandong Gold Mining Co., Ltd. has filed a Follow-on Equity Offering in the amount of HKD 3.90117 billion.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 136,500,000
Price\Range: HKD 28.58
Transaction Features: Regulation S; Rule 144A; Subsequent Direct Listing Ankündigung • Jun 30
Shandong Gold Mining Co., Ltd. to Report First Half, 2025 Results on Aug 28, 2025 Shandong Gold Mining Co., Ltd. announced that they will report first half, 2025 results on Aug 28, 2025 Ankündigung • Jun 24
Shandong Gold Mining Co., Ltd.(SHSE:600547) dropped from Shanghai Stock Exchange 180 Value Index Shandong Gold Mining Co., Ltd. has been removed from Shanghai Stock Exchange 180 Value Index. Ankündigung • Jun 12
Shandong Gold Mining Co., Ltd. Approves Final Ordinary Dividend for the Year Ended 31 December 2024, Payable on or Before 15 August 2025 The AGM of Shandong Gold Mining Co., Ltd. has approved to distribute final ordinary dividend of RMB 1.48 per 10 Shares (tax inclusive) for the year ended 31 December 2024 to all Shareholders, based on the total share capital of the Company of 4,473,429,525 Shares as at the Board meeting on 27 March 2025. Such Profit Distribution will be distributed to the H Shareholders whose names appear on the register of members of the Company on 25 June 2025. The distribution of Profit Distribution above is denominated in RMB, and is to be paid to A Shareholders and investors participating in the Shanghai-Hong Kong Stock Connect Program in RMB and to H Shareholders in HKD. The exchange rate for the dividend calculation in Hong Kong dollar is based on the middle rate as published by the People's Bank of China (i.e. HKD=RMB 0.91502) on the date on which the AGM is held (i.e. 11 June 2025). As such, the cash dividend per H Share amounted to HKD 0.161745 (tax inclusive). The cheques for the Profit Distribution will be despatched by ordinary post to the H Shareholders who are entitled to the Profit Distribution on or before 15 August 2025 at their own risk. In case of joint shareholding, the cheques for the Profit Distribution will be posted to the first named person on the H Shareholders' register in respect of such joint shareholding. Ex-dividend date is 18 June 2025. Ankündigung • May 20
Shandong Gold Mining Co., Ltd., Annual General Meeting, Jun 11, 2025 Shandong Gold Mining Co., Ltd., Annual General Meeting, Jun 11, 2025, at 09:30 China Standard Time. Location: The Company's Meeting Room, Jinan, Shandong China Ankündigung • Apr 15
Shandong Gold Mining Co., Ltd. Provides Earnings Guidance for the Period from 1 January 2025 to 31 March 2025 Shandong Gold Mining Co., Ltd. provided Earnings Guidance for the period From 1 January 2025 to 31 March 2025. For the period, the company reported a net profit attributable to the owners of the parent company of RMB 950 million to RMB 1,130 million representing an increase of RMB 250 million to RMB 430 million as compared with the corresponding period of the previous year, or a year-on-year increase of 35.74% to 61.45%. It is expected that the net profit attributable to the owners of the parent company after deducting non-recurring gains and losses will be RMB 951 million to RMB 1,131 million for the first quarter of 2025, representing an increase of RMB 242 million to RMB 422 million as compared with the corresponding period of the previous year, or a year-on-year increase of 34.05% to 59.41%. In the first quarter of 2025, the Company strategically optimized production layouts, strengthened core technology breakthroughs, and enhanced the level of refined management. While scientifically aligning project construction, we significantly enhanced operational efficiency, achieving synergic growth in production efficiency, resource utilization, and project construction speed. Coupled with the upward trend in gold prices, the Company recorded a substantial year-on-year increase in profit, securing a "good start" in the first quarter. Ankündigung • Jan 27
Shandong Gold Mining Co., Ltd. Provides Earnings Guidance for the Period from 1 January 2024 to 31 December 2024 After preliminary calculation, it is estimated that Shandong Gold Mining Co., Ltd. will realize a net profit attributable to the owners of the parent company of RMB 2,700 million to RMB 3,200 million for the period from 1 January 2024 to 31 December 2024, representing an increase of RMB 372 million to RMB 872 million as compared with the corresponding period of the previous year, or a year-on-year increase of 15.98% to 37.46%. It is expected that the net profit attributable to the owners of the parent company after deducting non-recurring gains and losses will be RMB 2,725 million to RMB 3,225 million for the year 2024, representing an increase of RMB 512 million to RMB 1,012 million as compared with the corresponding period of the previous year, or a year-on-year increase of 23.14% to 45.73%. In the year 2024, the Company strengthened the role of strategic leadership, emphasized production organization, continuously optimized production layout, and strengthened technical management and technological innovation to enhance the production operation rate and resource utilization rate. The Company continuously elevated the level of meticulous management and operational efficiency through technological innovation, process optimization, asset revitalization, centralized procurement and creation of benefits with policies. In addition, the rise in gold prices in the year 2024 also promoted the increase in the Company's profits. Ankündigung • Jan 02
Shandong Gold Mining Co., Ltd. Announces Resignation of Wang Yunmin as an Independent Non-Executive Director and Member of Strategy Committee, Member of Audit Committee, Chairman of Nomination Committee and Member of Remuneration and Appraisal Committee The board of directors of Shandong Gold Mining Co., Ltd. recently received a written resignation report from Mr. Wang Yunmin, an independent non-executive director of the Company. In accordance with the relevant regulations on part-time work management of academicians of the Chinese Academy of Engineering, Mr. Wang Yunmin tendered his resignation as an independent non-executive director and a member of the strategy committee, a member of the audit committee, a chairman of the nomination committee and a member of the remuneration and appraisal committee of the sixth session of the board of directors of the Company. Mr. Wang Yunmin will cease to hold any position in the Company after the resignation. Ankündigung • Dec 27
Shandong Gold Mining Co., Ltd. to Report Fiscal Year 2024 Results on Mar 28, 2025 Shandong Gold Mining Co., Ltd. announced that they will report fiscal year 2024 results on Mar 28, 2025 Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: CN¥0.13 (vs CN¥0.08 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.13 (up from CN¥0.08 in 3Q 2023). Revenue: CN¥21.2b (up 53% from 3Q 2023). Net income: CN¥881.8m (up 147% from 3Q 2023). Profit margin: 4.2% (up from 2.6% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.7% 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 76% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Ankündigung • Oct 18
Shandong Gold Mining Co., Ltd. Approves Interim Dividend for the six months ended 30 June 2024, Payable on 29 November 2024 Shandong Gold Mining Co., Ltd. approved interim dividend of RMB 0.8 per 10 share for the six months ended 30 June 2024, Payable on 29 November 2024, Ex-dividend date 24 October 2024 and Record date 31 October 2024. Ankündigung • Oct 15
Shandong Gold Mining Co., Ltd. Provides Earnings Guidance for the Nine Months Ended 30 September 2024 Shandong Gold Mining Co., Ltd. provided earnings guidance for the nine months ended 30 September 2024. For the period, the company estimated that the Company will realise a net profit attributable to the owners of the parent company of RMB 1,850 million to RMB 2,250 million for the first three quarters of 2024, representing an increase of RMB 505 million to RMB 905 million as compared with the corresponding period of the previous year, or a year-on-year increase of 37.52% to 67.26%. It is expected that the net profit attributable to the owners of the parent company after deducting non-recurring gains and losses will be RMB 1,877 million to RMB 2,277 million for the first three quarters of 2024, representing an increase of RMB 597 million to RMB 997 million as compared with the corresponding period of the previous year, or a year-on-year increase of 46.68% to 77.93%. New Risk • Oct 09
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 0.6% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. 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 Risk Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Minor Risk Paying a dividend despite having no free cash flows. Ankündigung • Sep 30
Shandong Gold Mining Co., Ltd. to Report Q3, 2024 Results on Oct 29, 2024 Shandong Gold Mining Co., Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024 New Risk • Aug 31
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 19% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 29
Second quarter 2024 earnings released: EPS: CN¥0.13 (vs CN¥0.081 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.13 (up from CN¥0.081 in 2Q 2023). Revenue: CN¥26.8b (up 87% from 2Q 2023). Net income: CN¥783.2m (up 135% from 2Q 2023). Profit margin: 2.9% (up from 2.3% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.1% 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 85% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Declared Dividend • Jul 11
Dividend increased to CN¥0.14 Dividend of CN¥0.14 is 100% higher than last year. Ex-date: 17th July 2024 Payment date: 17th July 2024 Dividend yield will be 0.5%, which is lower than the industry average of 2.8%. Sustainability & Growth Dividend is covered by earnings (28% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 130% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Ankündigung • Jun 28
Shandong Gold Mining Co., Ltd. to Report First Half, 2024 Results on Aug 29, 2024 Shandong Gold Mining Co., Ltd. announced that they will report first half, 2024 results on Aug 29, 2024 Ankündigung • Jun 08
Shandong Gold Mining Co., Ltd. Approves Cash Dividend for the Year 2023, Payable on or Before 30 July 2024 Shandong Gold Mining Co., Ltd. announced at annual general meeting held on June 6, 2024, the shareholders approved to distribute cash dividend of RMB 1.4 (tax inclusive) for every 10 Shares to all Shareholders, based on the total share capital of the Company of 4,473,429,525 Shares as at the Board meeting on 28 March 2024. Such Profit Distribution will be distributed to the H Shareholders whose names appear on the register of members of the company on 20 June 2024. The cheques for the Profit Distribution will be despatched by ordinary post to the H Shareholders who are entitled to the Profit Distribution on or before 30 July 2024 at their own risk. Ankündigung • May 18
Shandong Gold Mining Co., Ltd., Annual General Meeting, Jun 06, 2024 Shandong Gold Mining Co., Ltd., Annual General Meeting, Jun 06, 2024, at 09:00 China Standard Time. Location: conference room of the company, no. 2503, jingshi road, licheng district, shandong province, jinan China Reported Earnings • Apr 27
First quarter 2024 earnings released: EPS: CN¥0.13 (vs CN¥0.07 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.13 (up from CN¥0.07 in 1Q 2023). Revenue: CN¥19.0b (up 45% from 1Q 2023). Net income: CN¥699.9m (up 110% from 1Q 2023). Profit margin: 3.7% (up from 2.5% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.2% 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 71% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Mar 29
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 23% to CN¥28.23. The fair value is estimated to be CN¥23.47, 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 39%. For the next 3 years, revenue is forecast to grow by 7.0% per annum. Earnings are also forecast to grow by 27% per annum over the same time period. Ankündigung • Mar 29
Shandong Gold Mining Co., Ltd. to Report Q1, 2024 Results on Apr 27, 2024 Shandong Gold Mining Co., Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024 Reported Earnings • Mar 29
Full year 2023 earnings released: EPS: CN¥0.40 (vs CN¥0.20 in FY 2022) Full year 2023 results: EPS: CN¥0.40 (up from CN¥0.20 in FY 2022). Revenue: CN¥59.3b (up 18% from FY 2022). Net income: CN¥2.27b (up 154% from FY 2022). Profit margin: 3.8% (up from 1.8% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.0% 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 increased by 39% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Ankündigung • Mar 29
Shandong Gold Mining Co., Ltd. Proposes Final Dividend for the Year Ended 31 December 2023, Payable by 31 August 2024 Shandong Gold Mining Co., Ltd. proposed Final ordinary dividend of RMB 1.4 per 10 share for the year ended 31 December 2023. Payment date 31 August 2024. Ankündigung • Mar 13
Shandong Gold Mining to Buy 70% Stake in Mining Firm Shandong Gold Mining Co., Ltd. (SHSE:600547) announced that it plans to buy 70% stake in mining firm for CNY 471.1 million ($65.57 million). Ankündigung • Feb 01
Shandong Gold Mining Co., Ltd. Provides Earnings Guidance for the Year Ended 31 December 2023 Shandong Gold Mining Co., Ltd. provided earnings guidance for the year ended 31 December 2023. After preliminary calculation, the Company expects to realise total profit of RMB 3,100 million to RMB 3,800 million for the year 2023, representing an increase of RMB 1,094 million to RMB 1,794 million as compared with the corresponding period of the previous year, or a year-on-year increase of 54.51% to 89.40%. It is estimated that the company will realise a net profit attributable to the owners of the parent company of RMB 2,000 million to RMB 2,500 million for the year 2023, representing an increase of RMB 754 million to RMB 1,254 million as compared with the corresponding period of the previous year, or a year-on-year increase of 60.53% to 100.66%. It is expected that the net profit attributable to the owners of the parent company after deducting non-recurring gains and losses is RMB 1,800 million to RMB 2,350 million for the year 2023, representing an increase of RMB 496 million to RMB 1,046 million as compared with the corresponding period of the previous year, or a year-on-year increase of 38.01% to 80.18%. Board Change • Jan 19
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 9 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non-Executive Director Feng Zhao was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Ankündigung • Jan 14
Shandong Gold Mining Co., Ltd. Announces Resignation of Wang Lijun as Non-Executive Director Shandong Gold Mining Co., Ltd. received a written resignation report from Mr. Wang Lijun, a director of the Company on 12 January 2024. Mr. Wang Lijun applied for resignation as a non-executive director of the sixth session of the board of directors of the Company, a member of the strategy committee of the sixth session of the board of directors and a member of the nomination committee of the sixth session of the board of directors of the Company due to change of work positions. Mr. Wang Lijun will cease to hold any position in the Company and its subsidiaries after the resignation. Ankündigung • Dec 30
Shandong Gold Mining Co., Ltd. to Report Fiscal Year 2023 Results on Mar 29, 2024 Shandong Gold Mining Co., Ltd. announced that they will report fiscal year 2023 results on Mar 29, 2024 Reported Earnings • Oct 29
Third quarter 2023 earnings released: EPS: CN¥0.08 (vs CN¥0.016 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.08 (up from CN¥0.016 in 3Q 2022). Revenue: CN¥13.9b (up 39% from 3Q 2022). Net income: CN¥357.0m (up 161% from 3Q 2022). Profit margin: 2.6% (up from 1.4% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.7% 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 10% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Ankündigung • Oct 13
Shandong Gold Mining Co., Ltd. Provides Earnings Guidance for the Nine Months Ended September 30, 2023 Shandong Gold Mining Co., Ltd. provided earnings guidance for the nine months ended September 30, 2023. For the period from 1 January 2023 to 30 September 2023, The company announced that, based on the preliminary review and assessment of the unaudited consolidated management accounts of the group for the nine months ended 30 September 2023 (the ‘First Three Quarters of 2023’) pursuant to China Accounting Standards for Business Enterprises: After preliminary calculation, the company expects to realise an estimated net profit attributable to shareholders of the company in the range of RMB 1,200 million to RMB 1,400 million for the first three quarters of 2023, representing an increase of RMB 507 million to RMB 707 million, or 73.17% to 102.03% as compared with the corresponding period of the previous year. The main reasons for the expected profit in the results for the period: For the first three quarters of 2023, the company strengthened the role of strategic leadership, insisted on reform and innovation, strengthened the organization and management of production and steadily promoted the construction of intelligent mines to improve the production operation rate and resource utilization rate. The Company deeply promoted the systematic cost reduction and efficiency enhancement work of "all employees, all positions, all factors and all processes" and deeply tapped the potential for cost reduction in various production and operation areas to improve operation efficiency. At the same time, the Company further strengthened the research and analysis team building, and carried out market tracking research to comprehensively enhance the ability of price research and judgement, grasp the price trend and take full advantage of high gold price, resulting in sales prices of gold better than those in the same period last year. New Risk • Sep 30
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.1% Last year net profit margin: 3.0% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (7.2% operating cash flow to total debt). Minor Risk Profit margins are more than 30% lower than last year (2.1% net profit margin). Ankündigung • Sep 30
Shandong Gold Mining Co., Ltd. to Report Q3, 2023 Results on Oct 28, 2023 Shandong Gold Mining Co., Ltd. announced that they will report Q3, 2023 results on Oct 28, 2023 Buying Opportunity • Sep 13
Now 20% undervalued Over the last 90 days, the stock is up 11%. The fair value is estimated to be CN¥32.54, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.8% over the last 3 years. Earnings per share has declined by 17%. Revenue is forecast to grow by 32% in 2 years. Earnings is forecast to grow by 174% in the next 2 years. Reported Earnings • Aug 30
Second quarter 2023 earnings released: EPS: CN¥0.078 (vs CN¥0.039 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.078 (up from CN¥0.039 in 2Q 2022). Revenue: CN¥14.3b (down 12% from 2Q 2022). Net income: CN¥547.0m (up 239% from 2Q 2022). Profit margin: 3.8% (up from 1.0% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 11% 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 fallen by 17% 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 • Aug 18
Shandong Gold Mining Co., Ltd. to Report Q2, 2023 Results on Aug 29, 2023 Shandong Gold Mining Co., Ltd. announced that they will report Q2, 2023 results on Aug 29, 2023 Ankündigung • Jul 14
Shandong Gold Mining Provides Consolidated Earnings Guidance for the Six Months Ended 30 June 2023 The board of directors (the "Board") of the Shandong Gold Mining Co., Ltd. announced shareholders and potential investors of the Company that, based on the preliminary review and assessment of the unaudited consolidated management accounts of the Group for the six months ended 30 June 2023 (the "First Half of 2023") prepared pursuant to China Accounting Standards for Business Enterprises: The Company expects to realise an estimated net profit attributable to shareholders of the Company of RMB 800 million to RMB 950 million in the First Half of 2023, representing an increase of RMB 244 million to RMB 394 million, or 43.90% to 70.88% as compared with the corresponding period of the previous year. The Company expects to realise an estimated net profit attributable to shareholders of the Company after deducting the non-recurring gains and losses of RMB 802 million to RMB 952 million in the First Half of 2023, representing an increase of RMB 191 million to RMB 341 million, or 31.34% to 55.91% as compared with the corresponding period of the previous year. Ankündigung • Jun 08
Shandong Gold Mining Co., Ltd. Approves Final Ordinary Dividend for the Year Ended 31 December 2022, Payable on July 18, 2023 Shandong Gold Mining Co., Ltd. approved Final ordinary dividend of RMB 0.7 per 10 share for the year ended 31 December 2022. Ex-dividend date is 13 June 2023, Record date is 20 June 2023 and Payment date is 18 July 2023. Ankündigung • May 17
Shandong Gold Mining Co., Ltd., Annual General Meeting, Jun 07, 2023 Shandong Gold Mining Co., Ltd., Annual General Meeting, Jun 07, 2023, at 09:00 China Standard Time. Location: the conference room of the Company, No. 2503, Jingshi Road, Licheng District, Jinan, Shandong Province, Hong Kong China Agenda: To approve the 2022 Work Report of the Board of Directors; to approve the 2022 Work Report of the Supervisory Committee; to approve the 2022 Work Report of the Independent Non-executive Directors; to approve the 2022 Final Financial Report; to approve the 2023 Financial Budget Report; to approve the resolution on the Company's 2022 Annual Report and its extracts; to approve the profit distribution proposal for 2022; to approve the resolution regarding the appointment of auditor for 2023; and to discuss other matters. Reported Earnings • Apr 29
First quarter 2023 earnings released: EPS: CN¥0.07 (vs CN¥0.05 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.07 (up from CN¥0.05 in 1Q 2022). Revenue: CN¥13.1b (down 2.8% from 1Q 2022). Net income: CN¥332.8m (up 5.7% from 1Q 2022). Profit margin: 2.5% (up from 2.3% in 1Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 8.1% 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 fallen by 24% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥24.85, the stock trades at a forward P/E ratio of 55x. Average forward P/E is 14x in the Metals and Mining industry in China. Total loss to shareholders of 3.9% over the past three years. Ankündigung • Jan 31
Shandong Gold Mining Co., Ltd. Provides Earnings Guidance for the Year Ended 31 December 2022 Shandong Gold Mining Co., Ltd. provided earnings guidance for the year ended 31 December 2022. After preliminary calculations, the Company expects to realise an estimated net profit attributable to owners of the parent company of RMB 1,000 million to RMB 1,300 million in the Year of 2022, as compared with the corresponding period of the previous year, turning losses into profits. The Company expects to realise an estimated net profit attributable to owners of the parent company (after deducing the non-recurring gains and losses) of RMB 1,063 million to RMB 1,363 million in the Year of 2022, as compared with the corresponding period of the previous year, turning losses into profits. Board Change • Nov 16
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 4 experienced directors. 1 highly experienced director. Non-Executive & Non Independent Director Li Jun Wang is the most experienced director on the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 29
Third quarter 2022 earnings released: EPS: CN¥0.011 (vs CN¥0.016 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.011 (down from CN¥0.016 in 3Q 2021). Revenue: CN¥10.0b (up 72% from 3Q 2021). Net income: CN¥51.0m (down 29% from 3Q 2021). Profit margin: 0.5% (down from 1.2% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.4% 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 fallen by 28% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 27
Second quarter 2022 earnings released: EPS: CN¥0.04 (vs CN¥0.25 loss in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.04 (up from CN¥0.25 loss in 2Q 2021). Revenue: CN¥16.3b (up 258% from 2Q 2021). Net income: CN¥241.0m (up CN¥1.29b from 2Q 2021). Profit margin: 1.5% (up from net loss in 2Q 2021). Over the next year, revenue is forecast to grow 28%, compared to a 30% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Board Change • Apr 27
High number of new directors There are 7 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Huaijing Liu was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Ankündigung • Apr 12
Shandong Gold Mining Co., Ltd. Provides Earnings Guidance for the Three Months Ended 31 March 2022 Shandong Gold Mining Co., Ltd. provided earnings guidance for the three months ended 31 March 2022. For the period, the company expects to record an estimated net profit attributable to Shareholders of approximately RMB 315 million in the First Quarter of 2022, representing an increase of approximately RMB 644 million as compared with the three months ended 31 March 2021, turning losses into profits; after deducting non-recurring profit and loss, the Company expects to record an estimated net profit attributable to Shareholders in the First Quarter of 2022 of approximately RMB 338 million, representing an increase of approximately RMB 655 million as compared with the First Quarter of 2021 (after retrospective adjustments), turning losses into profits. Ankündigung • Apr 05
Shandong Gold Mining Co., Ltd. to Report Q1, 2022 Results on Apr 19, 2022 Shandong Gold Mining Co., Ltd. announced that they will report Q1, 2022 results on Apr 19, 2022 Reported Earnings • Apr 01
Full year 2021 earnings released: CN¥0.043 loss per share (vs CN¥0.47 profit in FY 2020) Full year 2021 results: CN¥0.043 loss per share (down from CN¥0.47 profit in FY 2020). Revenue: CN¥33.9b (down 47% from FY 2020). Net loss: CN¥193.7m (down 110% from profit in FY 2020). Production and reserves: Gold Production: 637.16 troy koz (1,019.7 troy koz in FY 2020) Proved and probable reserves (ore): 340.2 Mt (289.9 Mt in FY 2020) Number of mines: 14 (13 in FY 2020) Over the next year, revenue is forecast to grow 76%, compared to a 10,868% growth forecast for the mining industry in China. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Ankündigung • Mar 29
Shandong Gold Mining Co., Ltd. Proposes the Payment of Final Dividend for the Year Ended 2021 The Board of Shandong Gold Mining Co., Ltd. proposed the payment of a final dividend of RMB 0.05 per share (tax inclusive) for the year ended 2021. Ankündigung • Jan 30
Shandong Gold Mining Co., Ltd. Provides Preliminary Consolidated Earnings Guidance for the Year Ended 31 December 2021 The board of directors of Shandong Gold Mining Co., Ltd. informed the shareholders and potential investors of the Company that, based on the preliminary review and assessment of the unaudited consolidated management accounts of the Group for the year ended 31 December 2021 prepared pursuant to China Accounting Standards for Business Enterprises, the Group expects to record a total profit for the 2021 Year; (ii) it is expected that the net loss attributable to Shareholders is in the range of approximately RMB 190 million to RMB 285 million, representing a decrease of RMB 2,236 million to RMB 2,331 million as compared with net profit attributable to Shareholders for the year ended 31 December 2020 (the "2020 Year") (after retrospective adjustments) of RMB 2,046 million, or a decrease of 109% to 114% year-on-year; and (iii) after excluding non-recurring profit or loss items, it is expected that the net loss attributable to Shareholders for the 2021 Year is in the range of approximately RMB 510 million to RMB 650 million, representing a decrease of RMB 2,866 million to RMB 3,006 million as compared with the Year 2020 (after retrospective adjustments) of RMB 2,356 million, or 121% to 128% year-on-year. Main Reasons for the Expected Net Loss Attributable to Shareholders in the 2021 Year: Impact of principal business - Effect of non-recurring profit or loss. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.023 (vs CN¥0.16 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥5.84b (down 72% from 3Q 2020). Net income: CN¥108.8m (down 84% from 3Q 2020). Profit margin: 1.9% (down from 3.4% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Reported Earnings • Aug 28
Second quarter 2021 earnings released: CN¥0.25 loss per share (vs CN¥0.14 profit in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and control over costs. Second quarter 2021 results: Revenue: CN¥4.57b (down 76% from 2Q 2020). Net loss: CN¥1.04b (down 277% from profit in 2Q 2020). 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 16% per year, which means it is well ahead of earnings. Ankündigung • Jul 15
Shandong Gold Mining Co., Ltd. Provides Earnings Guidance for the Six Months Ended 30 June 2021 Shandong Gold Mining Co., Ltd. provided earnings guidance for the six months ended 30 June 2021. For the period, the company expects to record a loss attributable to the shareholders of the company of RMB 1,360 million compared to RMB1,153 million a year ago. Ankündigung • May 11
Shandong Gold Mining Co., Ltd. Proposes Final Dividend for the Year Ended 31 December 2020 Shandong Gold Mining Co., Ltd. proposed to its AGM to be held on June 10, 2021, the company proposed the distribution of a final dividend of RMB 0.5 per ten (10) Shares (tax inclusive) for the year ended 31 December 2020. Reported Earnings • May 02
First quarter 2021 earnings released: CN¥0.07 loss per share (vs CN¥0.13 profit in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and control over costs. First quarter 2021 results: Revenue: CN¥7.30b (down 48% from 1Q 2020). Net loss: CN¥318.5m (down 157% from profit in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Ankündigung • Apr 15
Shandong Gold Mining Co., Ltd. Provides Earnings Guidance for the Three Months Ended 31 March 2021 Shandong Gold Mining Co., Ltd. provided earnings guidance for the three months ended 31 March 2021. For the period, the company is expected that the Group will record a loss attributable to the shareholders of the Company of between RMB 250 million to RMB350 million (net profit attributable to the shareholders of the Company for the corresponding period of last year: RMB 563 million). Reported Earnings • Apr 01
Full year 2020 earnings released: EPS CN¥0.52 (vs CN¥0.30 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥63.7b (up 1.6% from FY 2019). Net income: CN¥2.26b (up 75% from FY 2019). Profit margin: 3.5% (up from 2.1% in FY 2019). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Ankündigung • Mar 09
Shandong Gold Mining Co., Ltd. to Report Fiscal Year 2020 Results on Mar 31, 2021 Shandong Gold Mining Co., Ltd. announced that they will report fiscal year 2020 results on Mar 31, 2021 Is New 90 Day High Low • Feb 04
New 90-day low: CN¥21.25 The company is down 18% from its price of CN¥25.82 on 06 November 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥12.41 per share. Is New 90 Day High Low • Jan 14
New 90-day low: CN¥22.78 The company is down 12% from its price of CN¥26.01 on 16 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 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥13.41 per share. Ankündigung • Dec 31
Shandong Gold Mining Co., Ltd. Announces Executive Changes Shandong Gold Mining Co., Ltd. announced that upon the conclusion of the EGM, Mr. Wang Peiyue and Mr. Li Tao have retired from their positions as executive Directors, Mr. Gao Yongtao, Mr. Lu Bin and Ms. Hui Wing have retired from their positions as independent non-executive Directors. Each of them has confirmed that they have no disagreement with the Board and there is no matter relating to their retirement that needs to be brought to the attention of the Shareholders or the Hong Kong Stock Exchange. Mr. Liu Qin and Mr.Wang Shuhai were also elected as non-independent Directors of the sixth session of the Board. The Board is pleased to announce
that Mr. Liu Qin, Mr.Wang Shuhai and Mr. Tang Qi were elected as executive Directors of the sixth session of the Board while Mr. Li Guohong, Mr. Wang Lijun and Ms. Wang
Xiaoling were elected as non-executive Directors of the sixth session of the Board. The Board announced that Mr. Li Guohong and Mr. Liu Qin were respectively elected as the
chairman and vice-chairman of the sixth session of the Board, with a term commencing from the date of this announcement and terminating upon the expiry of the sixth session of the
Board. The term of each of Mr. Li Guohong, Mr. Wang Lijun, Ms. Wang Xiaoling, Mr. Liu Qin, Mr. Wang Shuhai and Mr. Tang Qi as Directors is three years, commencing from the date of this announcement and terminating upon the expiry of the sixth session of the Board. Ankündigung • Dec 24
Dongshan Investments Limited made an offer to acquire Cardinal Resources Limited (ASX:CDV) for approximately AUD 650 million. Dongshan Investments Limited made an offer to acquire Cardinal Resources Limited (ASX:CDV) for approximately AUD 650 million on December 24, 2020. Under the terms of the transaction, the shares of Cardinal Resources will be acquired at a price of AUD 1.2 per share. The transaction is subject to a minimum tender being achieved of 50.1%, Cardinal providing Dongshan with due diligence information and Dongshan undertaking due diligence investigations in respect of Cardinal and the Namdini Project, approval from FIRB and other regulatory approvals and Dongshan Investments securing committed financing. Dongshan Investments’ majority shareholder, Wahaj Commercial Investment - Sole Proprietorship L.L.C. has received confirmation from First Abu Dhabi Bank, U.A.E. of the availability of a credit facility of up to $300 million (AUD 396.54 million) for the purposes of supporting the offer, subject to First Abu Dhabi Bank’s internal approvals and availability of limits. Cardinal Board is currently considering the offer with special purpose committee and shareholders are advised to take no action in respect to the proposal. Maxit Capital LP, BMO Capital Markets, Euroz Hartleys Limited and Canaccord Genuity Corp. acted as financial advisors to Cardinal. HopgoodGanim and Bennett Jones LLP acted as legal advisors to Cardinal. PricewaterhouseCoopers Corporate Finance Inc. acted as financial advisor and PricewaterhouseCoopers Legal acted legal advisor to Dongshan. Is New 90 Day High Low • Dec 10
New 90-day low: CN¥23.70 The company is down 12% from its price of CN¥27.04 on 11 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also 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¥13.95 per share. Ankündigung • Nov 25
Engineers & Planners Company Limited made an offer to acquire Cardinal Resources Limited (ASX:CDV) from Nord Gold SE, Shandong Gold Mining (Hong Kong) Co., Limited, Macquarie Group Limited (ASX:MQG), Samson Rock Capital LLP and others for approximately AUD 560 million. Engineers & Planners Company Limited made an offer to acquire Cardinal Resources Limited (ASX:CDV) from Nord Gold SE, Shandong Gold Mining (Hong Kong) Co., Limited, Macquarie Group Limited (ASX:MQG), Samson Rock Capital LLP and others for approximately AUD 560 million on November 18, 2020. Engineers & Planners Company offered AUD 1.05 per share for 537.9 million shares. As per terms, 27.7 million options will also be acquired. In June 2020, Engineers & Planners Company Limited made an offer to acquire Ghanian gold mining assets of Cardinal, but has now decided to acquire the whole of Cardinal. The deal is conditional upon 50.1% minimum acceptance by Cardinal’s shareholders and regulatory approvals (including Foreign Investment Review Board approval in Australia and approvals in Ghana by the relevant Authorities). The shareholders of Cardinal are advised to take no action. The offer is valid for acceptances until December 31, 2020. Bank of Montreal (TSX:BMO), Euroz Hartleys Limited, Maxit Capital LP and Canaccord Genuity Corp. acted as financial advisors while HopgoodGanim and Bennett Jones LLP acted as legal advisors for Cardinal. Is New 90 Day High Low • Oct 29
New 90-day low: CN¥24.47 The company is down 20% from its price of CN¥30.72 on 31 July 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is down 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥11.05 per share. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥2.21b, up 97% from the prior year. Total revenue was CN¥58.8b over the last 12 months, down 12% from the prior year. Ankündigung • Oct 16
Shandong Gold Mining Co., Ltd. to Report Nine Months, 2020 Results on Oct 28, 2020 Shandong Gold Mining Co., Ltd. announced that they will report nine months, 2020 results on Oct 28, 2020 Ankündigung • Oct 01
Shandong Gold Mining Co., Ltd. (SHSE:600547) made a proposal to acquire Hengxing Gold Holding Company Limited (SEHK:2303) for HKD 3 billion. Shandong Gold Mining Co., Ltd. (SHSE:600547) made a proposal to acquire Hengxing Gold Holding Company Limited (SEHK:2303) for HKD 3 billion on September 29, 2020. Under the terms, Shandong Gold will issue 5/29 shares for each shares of Hengxing Gold and will take Hengxing Gold private by scheme of arrangement. Shandong Gold has received Irrevocable Undertaking from the Gold Virtue and Xi Wang which, hold 75% stake to vote in favor of scheme. After transaction, Hengxing Gold will apply to the Stock Exchange for withdrawal of the listing of the HXG Shares on the Stock Exchange. Transaction is subject to approval from shareholders of Hengxing Gold, not less than 75%, court approval, approval from shareholders of Shandong Gold, all necessary approval from State Administration for Market Regulation and China Securities Regulatory Commission and third party consent. Independent Board Committee includes Albert Fook Lau HO, WONG, Yan Ki Angel, Tim SUN and PAN Guocheng. Long Stop date is set to June 30, 2021. China International Capital Corporation Hong Kong Securities Limited is acting as financial advisors for Shandong Gold. Standard Chartered Bank (Hong Kong) Limited is acting as financial advisor for Hengxing Gold and Octal Capital Limited is acting as financial advisor for Independent board committee of Hengxing Gold. Kirkland & Ellis acted as financial advisor to China International Capital Corporation Hong Kong Securities Limited in the transaction. Is New 90 Day High Low • Sep 22
New 90-day low: CN¥25.81 The company is down 1.0% from its price of CN¥26.06 on 24 June 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥11.12 per share. Ankündigung • Aug 15
Shandong Gold Mining Co., Ltd. to Report First Half, 2020 Results on Aug 27, 2020 Shandong Gold Mining Co., Ltd. announced that they will report first half, 2020 results on Aug 27, 2020