Valuation Update With 7 Day Price Move • Jul 13
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥29.65, the stock trades at a trailing P/E ratio of 50.2x. Average trailing P/E is 33x in the Metals and Mining industry in China. Total returns to shareholders of 94% over the past three years. Annonce • Jun 30
GuoCheng Mining CO.,LTD to Report First Half, 2026 Results on Aug 27, 2026 GuoCheng Mining CO.,LTD announced that they will report first half, 2026 results on Aug 27, 2026 New Risk • Jun 25
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: Major Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risks High level of debt (66% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (13% net profit margin). Valuation Update With 7 Day Price Move • Jun 19
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥37.86, the stock trades at a trailing P/E ratio of 64.1x. Average trailing P/E is 38x in the Metals and Mining industry in China. Total returns to shareholders of 147% over the past three years. Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥38.72, the stock trades at a trailing P/E ratio of 65.6x. Average trailing P/E is 36x in the Metals and Mining industry in China. Total returns to shareholders of 139% over the past three years. Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Chengxiong Zhou was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Mar 31
GuoCheng Mining CO.,LTD to Report Q1, 2026 Results on Apr 23, 2026 GuoCheng Mining CO.,LTD announced that they will report Q1, 2026 results on Apr 23, 2026 Annonce • Mar 23
GuoCheng Mining CO.,LTD, Annual General Meeting, Apr 15, 2026 GuoCheng Mining CO.,LTD, Annual General Meeting, Apr 15, 2026, at 14:30 China Standard Time. Location: 16F, Building 19, Area 16, No. 188, Nansihuan West Road, Fengtai District, Beijing China Annonce • Dec 31
GuoCheng Mining CO.,LTD to Report Fiscal Year 2025 Results on Apr 21, 2026 GuoCheng Mining CO.,LTD announced that they will report fiscal year 2025 results on Apr 21, 2026 Annonce • Sep 30
GuoCheng Mining CO.,LTD to Report Q3, 2025 Results on Oct 29, 2025 GuoCheng Mining CO.,LTD announced that they will report Q3, 2025 results on Oct 29, 2025 Annonce • Jul 02
GuoCheng Mining CO.,LTD to Report First Half, 2025 Results on Aug 28, 2025 GuoCheng Mining CO.,LTD announced that they will report first half, 2025 results on Aug 28, 2025 Annonce • Mar 31
GuoCheng Mining CO.,LTD to Report Q1, 2025 Results on Apr 28, 2025 GuoCheng Mining CO.,LTD announced that they will report Q1, 2025 results on Apr 28, 2025 Annonce • Mar 24
GuoCheng Mining CO.,LTD, Annual General Meeting, Apr 18, 2025 GuoCheng Mining CO.,LTD, Annual General Meeting, Apr 18, 2025, at 14:30 China Standard Time. Location: 11F, Building 19, Area 16, No. 188, Nansihuan West Road, Fengtai District, Beijing China Annonce • Jan 16
Inner Mongolia Xingye Silver &Tin Mining Co.,Ltd (SZSE:000426) completed the acquisition of 85% stake in Chifeng Yubang Mining Co., Ltd. from GuoCheng Mining CO.,LTD (SZSE:000688), Li Zhenshui and Li Ruiyang. Inner Mongolia Xingye Silver &Tin Mining Co.,Ltd (SZSE:000426) agreed to acquire 85% stake in Chifeng Yubang Mining Co., Ltd. from GuoCheng Mining CO.,LTD (SZSE:000688), Li Zhenshui and Li Ruiyang for CNY 2.4 billion on December 20, 2024. After the completion of this transaction, GuoCheng Mining will no longer hold any equity in Chifeng Yubang Mining. Inner Mongolia Xingye Silver & Tin Mining intends to use its own funds and self-raised funds of CNY 2,388,000,000 to fund the acquisition.
As of October 31, 2024, Chifeng Yubang Mining Co., Ltd. reported total assets of CNY 1.63 billion and net liability of CNY 86.95 million. The deal has been approved by the board of GuoCheng Mining and Inner Mongolia Xingye Silver &Tin Mining.
Inner Mongolia Xingye Silver &Tin Mining Co.,Ltd (SZSE:000426) completed the acquisition of 85% stake in Chifeng Yubang Mining Co., Ltd. from GuoCheng Mining CO.,LTD (SZSE:000688), Li Zhenshui and Li Ruiyang on January 14, 2025. Annonce • Dec 31
GuoCheng Mining CO.,LTD to Report Fiscal Year 2024 Results on Mar 22, 2025 GuoCheng Mining CO.,LTD announced that they will report fiscal year 2024 results on Mar 22, 2025 Annonce • Sep 30
GuoCheng Mining CO.,LTD to Report Q3, 2024 Results on Oct 29, 2024 GuoCheng Mining CO.,LTD announced that they will report Q3, 2024 results on Oct 29, 2024 Reported Earnings • Aug 24
Second quarter 2024 earnings released: EPS: CN¥0.037 (vs CN¥0.013 loss in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.037 (up from CN¥0.013 loss in 2Q 2023). Revenue: CN¥477.7m (up 79% from 2Q 2023). Net income: CN¥39.7m (up CN¥53.5m from 2Q 2023). Profit margin: 8.3% (up from net loss in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Declared Dividend • Jul 24
Dividend of CN¥0.018 announced Shareholders will receive a dividend of CN¥0.018. Ex-date: 26th July 2024 Payment date: 26th July 2024 Dividend yield will be 0.2%, which is lower than the industry average of 2.8%. Payout Ratios Payout ratio: 40%. Cash payout ratio: 15%. Annonce • Jul 23
GuoCheng Mining CO.,LTD Announces Final Profit Distribution Plan to Be Implemented on A Shares for the Year 2023, Payable on 26 July 2024 GuoCheng Mining CO.,LTD announced final profit distribution plan to be implemented on A shares as cash dividend per ten shares (tax included) of CNY 0.18000000 for the year 2023, payable on 26 July 2024. Record date is 25 July 2024. Ex-date is 26 July 2024. Annonce • Jun 29
GuoCheng Mining CO.,LTD to Report First Half, 2024 Results on Aug 24, 2024 GuoCheng Mining CO.,LTD announced that they will report first half, 2024 results on Aug 24, 2024 Annonce • Apr 29
GuoCheng Mining CO.,LTD, Annual General Meeting, May 31, 2024 GuoCheng Mining CO.,LTD, Annual General Meeting, May 31, 2024, at 14:30 China Standard Time. Location: 11F, Building 19, Area 16, No. 188, Nansihuan West Road, Fengtai District, Beijing China Reported Earnings • Apr 28
First quarter 2024 earnings released: EPS: CN¥0.003 (vs CN¥0.016 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.003 (down from CN¥0.016 in 1Q 2023). Revenue: CN¥298.9m (up 5.4% from 1Q 2023). Net income: CN¥3.33m (down 81% from 1Q 2023). Profit margin: 1.1% (down from 6.1% in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Annonce • Mar 30
GuoCheng Mining CO.,LTD to Report Q1, 2024 Results on Apr 27, 2024 GuoCheng Mining CO.,LTD announced that they will report Q1, 2024 results on Apr 27, 2024 Annonce • Dec 29
GuoCheng Mining CO.,LTD to Report Fiscal Year 2023 Results on Apr 27, 2024 GuoCheng Mining CO.,LTD announced that they will report fiscal year 2023 results on Apr 27, 2024 Reported Earnings • Nov 02
Third quarter 2023 earnings released: CN¥0.006 loss per share (vs CN¥0.029 profit in 3Q 2022) Third quarter 2023 results: CN¥0.006 loss per share (down from CN¥0.029 profit in 3Q 2022). Revenue: CN¥268.5m (down 38% from 3Q 2022). Net loss: CN¥6.27m (down 120% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Annonce • Sep 30
GuoCheng Mining CO.,LTD to Report Q3, 2023 Results on Oct 31, 2023 GuoCheng Mining CO.,LTD announced that they will report Q3, 2023 results on Oct 31, 2023 New Risk • Aug 25
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 42% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 21% per year over the past 5 years. Minor Risks High level of debt (59% net debt to equity). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.3% net profit margin). Reported Earnings • Aug 25
Second quarter 2023 earnings released: CN¥0.013 loss per share (vs CN¥0.077 profit in 2Q 2022) Second quarter 2023 results: CN¥0.013 loss per share (down from CN¥0.077 profit in 2Q 2022). Revenue: CN¥266.7m (down 55% from 2Q 2022). Net loss: CN¥13.8m (down 117% from profit in 2Q 2022). 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 19% per year, which means it is significantly lagging earnings. Annonce • Jul 25
GuoCheng Mining CO.,LTD Announces Final Dividend on A Shares for the Year 2022, Payable on July 31, 2023 GuoCheng Mining CO.,LTD announced final cash dividend/10 shares (tax included) of CNY 0.35000000 on A shares for the year 2022. Record date is July 28, 2023. Ex-date is July 31, 2023. Payment date is July 31, 2023. Annonce • Jul 01
GuoCheng Mining CO.,LTD to Report First Half, 2023 Results on Aug 25, 2023 GuoCheng Mining CO.,LTD announced that they will report first half, 2023 results on Aug 25, 2023 Annonce • Jun 14
Guocheng Mining Co.,Ltd Approves Cash Dividend GuoCheng Mining CO.,LTD approved Cash dividend/10 shares (tax included): CNY 0.35000000, at its Annual General Meeting of 2022 on 09 June 2023. Reported Earnings • Apr 26
First quarter 2023 earnings released: EPS: CN¥0.016 (vs CN¥0.039 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.016 (down from CN¥0.039 in 1Q 2022). Revenue: CN¥283.6m (down 37% from 1Q 2022). Net income: CN¥17.3m (down 60% from 1Q 2022). Profit margin: 6.1% (down from 9.5% in 1Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Board Change • Feb 02
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. 5 experienced directors. No highly experienced directors. Independent Director Zhibin Ji is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Annonce • Feb 01
GuoCheng Mining CO.,LTD Announces Executive Appointments GuoCheng Mining CO.,LTD at the Extraordinary General Meeting held on 30 January 2023, approved election of non-independent directors, cumulative voting system applicable is Wu Cheng, Wan Yong, Deng Ziping, Li Wubo and Dong Jianping; Election of independent directors, cumulative voting system applicable is Tang Xuefeng; Election of non-employee supervisors, cumulative voting system applicable is Wu Binhong. Reported Earnings • Oct 31
Third quarter 2022 earnings released: EPS: CN¥0.029 (vs CN¥0.031 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.029 (down from CN¥0.031 in 3Q 2021). Revenue: CN¥432.5m (up 75% from 3Q 2021). Net income: CN¥32.1m (down 4.0% from 3Q 2021). Profit margin: 7.4% (down from 14% 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 14% per year whereas the company’s share price has increased by 16% per year. Reported Earnings • Aug 31
Second quarter 2022 earnings released: EPS: CN¥0.077 (vs CN¥0.065 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.077 (up from CN¥0.065 in 2Q 2021). Revenue: CN¥586.1m (up 91% from 2Q 2021). Net income: CN¥83.8m (up 17% from 2Q 2021). Profit margin: 14% (down from 23% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Apr 29
First quarter 2022 earnings released: EPS: CN¥0.039 (vs CN¥0.045 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.039 (down from CN¥0.045 in 1Q 2021). Revenue: CN¥449.9m (up 107% from 1Q 2021). Net income: CN¥42.8m (down 14% from 1Q 2021). Profit margin: 9.5% (down from 23% in 1Q 2021). The decrease in margin was driven by higher expenses. 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 1% per year, which means it is well ahead of earnings. Reported Earnings • Mar 10
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: CN¥0.19 (up from CN¥0.13 in FY 2020). Revenue: CN¥1.71b (up 88% from FY 2020). Net income: CN¥207.5m (up 41% from FY 2020). Profit margin: 12% (down from 16% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 30%. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥14.20, the stock trades at a trailing P/E ratio of 72.6x. Average trailing P/E is 29x in the Metals and Mining industry in China. Total returns to shareholders of 20% over the past three years. Valuation Update With 7 Day Price Move • Nov 12
Investor sentiment improved over the past week After last week's 26% share price gain to CN¥11.61, the stock trades at a trailing P/E ratio of 59.3x. Average trailing P/E is 30x in the Metals and Mining industry in China. Total returns to shareholders of 3.3% over the past three years. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.031 (vs CN¥0.035 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¥247.8m (down 32% from 3Q 2020). Net income: CN¥33.4m (down 12% from 3Q 2020). Profit margin: 14% (up from 10% 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 35% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Sep 25
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥12.83, the stock trades at a trailing P/E ratio of 64.1x. Average trailing P/E is 31x in the Metals and Mining industry in China. Total returns to shareholders of 5.3% over the past three years. Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment improved over the past week After last week's 25% share price gain to CN¥15.07, the stock trades at a trailing P/E ratio of 75.3x. Average trailing P/E is 32x in the Metals and Mining industry in China. Total returns to shareholders of 38% over the past three years. Reported Earnings • Aug 28
Second quarter 2021 earnings released: EPS CN¥0.065 (vs CN¥0.021 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥306.8m (up 8.1% from 2Q 2020). Net income: CN¥71.6m (up 216% from 2Q 2020). Profit margin: 23% (up from 8.0% in 2Q 2020). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has increased by 2% 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 17% share price gain to CN¥10.66, the stock trades at a trailing P/E ratio of 68.5x. Average trailing P/E is 28x in the Metals and Mining industry in China. Total returns to shareholders of 2.1% over the past three years. Reported Earnings • Apr 16
Full year 2020 earnings released: EPS CN¥0.13 (vs CN¥0.15 in FY 2019) The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: CN¥909.3m (down 11% from FY 2019). Net income: CN¥146.0m (down 15% from FY 2019). Profit margin: 16% (in line with FY 2019). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Jan 11
New 90-day low: CN¥8.22 The company is down 35% from its price of CN¥12.68 on 14 October 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 17% over the same period. Is New 90 Day High Low • Dec 25
New 90-day low: CN¥10.08 The company is down 56% from its price of CN¥23.00 on 25 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 13% over the same period. Is New 90 Day High Low • Dec 08
New 90-day low: CN¥10.44 The company is down 53% from its price of CN¥22.03 on 09 September 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 up 6.0% 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¥66.2m, down 77% from the prior year. Total revenue was CN¥1.05b over the last 12 months, down 7.4% from the prior year. Is New 90 Day High Low • Oct 27
New 90-day low: CN¥10.99 The company is down 53% from its price of CN¥23.60 on 29 July 2020. The Chinese market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is down 7.0% over the same period. Is New 90 Day High Low • Sep 30
New 90-day low: CN¥16.77 The company is down 8.0% from its price of CN¥18.29 on 02 July 2020. The Chinese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Trade Distributors industry, which is down 1.0% over the same period.