Valuation Update With 7 Day Price Move • Jun 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €2.36, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Metals and Mining industry in Europe. Total returns to shareholders of 92% over the past three years. Annonce • Jun 01
Zhaojin Mining Industry Company Limited Approves Final Dividend for the Year Ended 31 December 2025, Payable on June 30, 2026 Zhaojin Mining Industry Company Limited approved Final Dividend of RMB 0.1 per share for the Year Ended 31 December 2025, Payable on June 30, 2026. Ex-dividend date is 03 June 2026. Record date is 09 June 2026. Date of shareholders' approval is 01 June 2026. Board Change • May 21
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. 6 experienced directors. 5 highly experienced directors. 4 independent directors (7 non-independent directors). Independent Non-Executive Director Junhao Wei was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Declared Dividend • May 21
Dividend of CN¥0.10 announced Shareholders will receive a dividend of CN¥0.10. Ex-date: 3rd June 2026 Payment date: 30th June 2026 Dividend yield will be 4.2%, which is lower than the industry average of 4.8%. Payout Ratios Payout ratio: 9%. Cash payout ratio: 8%. Annonce • Apr 14
Zhaojin Mining Industry Company Limited to Report Q1, 2026 Results on Apr 24, 2026 Zhaojin Mining Industry Company Limited announced that they will report Q1, 2026 results on Apr 24, 2026 Annonce • Mar 23
Zhaojin Mining Industry Company Limited, Annual General Meeting, Jun 01, 2026 Zhaojin Mining Industry Company Limited, Annual General Meeting, Jun 01, 2026. Annonce • Mar 10
Zhaojin Mining Industry Company Limited to Report Fiscal Year 2025 Results on Mar 20, 2026 Zhaojin Mining Industry Company Limited announced that they will report fiscal year 2025 results on Mar 20, 2026 Annonce • Sep 26
Zhaojin Mining Industry Company Limited to Report Nine Months, 2025 Results on Oct 10, 2025 Zhaojin Mining Industry Company Limited announced that they will report nine months, 2025 results on Oct 10, 2025 Reported Earnings • Aug 26
Second quarter 2025 earnings released: EPS: CN¥0.21 (vs CN¥0.086 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.21 (up from CN¥0.086 in 2Q 2024). Revenue: CN¥3.93b (up 49% from 2Q 2024). Net income: CN¥657.5m (up 244% from 2Q 2024). Profit margin: 17% (up from 7.2% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 43% per year, which means it is significantly lagging earnings growth. Board Change • Aug 18
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Non-Executive Director Junhao Wei was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Annonce • Aug 12
Zhaojin Mining Industry Company Limited to Report First Half, 2025 Results on Aug 22, 2025 Zhaojin Mining Industry Company Limited announced that they will report first half, 2025 results on Aug 22, 2025 Annonce • Jun 03
Zhaojin Mining Industry Company Limited Approves Final Dividend for the Year Ended 31 December 2024, Payable Before 30 June 2025 Zhaojin Mining Industry Company Limited at the Annual general meeting held on June 2, 2025 approved the payment of final dividend for the year ended 31 December 2024. The Company will distribute a Final Dividend of RMB 0.05 (tax included) per Share. The Final Dividend is payable to Shareholders whose names appeared on the register of members of the Company on the record date. Dividend on Domestic Shares shall be paid in Renminbi and dividend on H Shares shall be paid in Hong Kong dollars. The Final Dividend will be paid by the Receiving Agent and the dividend warrants will be posted by the H share registrar of the Company, Computershare Hong Kong Investor Services Limited, by ordinary mail to the H Share Shareholders who are entitled to receive the dividend at their own risk before 30 June 2025. Record date: 10 June 2025; Ex-dividend date: 04 June 2025. Annonce • Apr 08
Zhaojin Mining Industry Company Limited to Report Q1, 2025 Results on Apr 21, 2025 Zhaojin Mining Industry Company Limited announced that they will report Q1, 2025 results on Apr 21, 2025 Annonce • Apr 01
Zhaojin Mining Industry Company Limited has completed a Follow-on Equity Offering in the amount of HKD 1.9824 billion. Zhaojin Mining Industry Company Limited has completed a Follow-on Equity Offering in the amount of HKD 1.9824 billion.
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 140,000,000
Price\Range: HKD 14.16
Transaction Features: Subsequent Direct Listing Annonce • Mar 11
Zhaojin Mining Industry Company Limited to Report Fiscal Year 2024 Results on Mar 21, 2025 Zhaojin Mining Industry Company Limited announced that they will report fiscal year 2024 results on Mar 21, 2025 Valuation Update With 7 Day Price Move • Oct 22
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €1.73, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 9x in the Metals and Mining industry in Europe. Total returns to shareholders of 174% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €2.73 per share. New Risk • Oct 11
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 20% 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: Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Large one-off items impacting financial results. Shareholders have been diluted in the past year (4.0% increase in shares outstanding). Annonce • Sep 27
Zhaojin Mining Industry Company Limited to Report Q3, 2024 Results on Oct 10, 2024 Zhaojin Mining Industry Company Limited announced that they will report Q3, 2024 results at 4:00 PM, China Standard Time on Oct 10, 2024 Reported Earnings • Sep 23
Second quarter 2024 earnings released: EPS: CN¥0.055 (vs CN¥0.012 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.055 (up from CN¥0.012 in 2Q 2023). Revenue: CN¥2.65b (up 55% from 2Q 2023). Net income: CN¥191.0m (up 401% from 2Q 2023). Profit margin: 7.2% (up from 2.2% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth. Annonce • Aug 14
Zhaojin Mining Industry Company Limited to Report First Half, 2024 Results on Aug 23, 2024 Zhaojin Mining Industry Company Limited announced that they will report first half, 2024 results on Aug 23, 2024 Upcoming Dividend • May 29
Upcoming dividend of CN¥0.04 per share Eligible shareholders must have bought the stock before 05 June 2024. Payment date: 28 June 2024. Payout ratio is a comfortable 16% but the company is paying out more than the cash it is generating. Trailing yield: 0.3%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (3.6%). Annonce • Apr 24
Zhaojin Mining Industry Company Limited has completed a Follow-on Equity Offering in the amount of HKD 1.72524 billion. Zhaojin Mining Industry Company Limited has completed a Follow-on Equity Offering in the amount of HKD 1.72524 billion.
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 132,000,000
Price\Range: HKD 13.07
Transaction Features: Subsequent Direct Listing New Risk • Apr 23
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (8.7% average weekly change). Large one-off items impacting financial results. Shareholders have been diluted in the past year (4.0% increase in shares outstanding). Annonce • Apr 15
Zhaojin Mining Industry Company Limited has filed a Follow-on Equity Offering in the amount of HKD 1.72524 billion. Zhaojin Mining Industry Company Limited has filed a Follow-on Equity Offering in the amount of HKD 1.72524 billion.
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 132,000,000
Price\Range: HKD 13.07
Transaction Features: Subsequent Direct Listing Annonce • Apr 11
Zhaojin Mining Industry Company Limited to Report Q1, 2024 Results on Apr 22, 2024 Zhaojin Mining Industry Company Limited announced that they will report Q1, 2024 results on Apr 22, 2024 Declared Dividend • Mar 31
Dividend of CN¥0.04 announced Shareholders will receive a dividend of CN¥0.04. Ex-date: 5th June 2024 Payment date: 28th June 2024 Dividend yield will be 3.3%, which is lower than the industry average of 4.8%. Valuation Update With 7 Day Price Move • Mar 29
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €1.22, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 9x in the Metals and Mining industry in Europe. Total returns to shareholders of 65% over the past three years. Reported Earnings • Mar 24
Full year 2023 earnings released: EPS: CN¥0.14 (vs CN¥0.12 in FY 2022) Full year 2023 results: EPS: CN¥0.14 (up from CN¥0.12 in FY 2022). Revenue: CN¥8.42b (up 6.8% from FY 2022). Net income: CN¥686.4m (up 71% from FY 2022). Profit margin: 8.1% (up from 5.1% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 1.1% growth forecast for the Metals and Mining industry in Europe. 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 10% per year, which means it is well ahead of earnings. Annonce • Mar 24
Zhaojin Mining Industry Company Limited Proposes Ordinary Final Cash Dividend for the Year Ended 31 December 2023, Payable on 28 June 2024 Zhaojin Mining Industry Company Limited proposed ordinary final cash dividend of RMB 0.04 per share for the year ended 31 December 2023, payable on 28 June 2024. Record date is 11 June 2024. Ex-dividend date is 05 June 2024. Date of shareholders' approval is 03 June 2024. Annonce • Mar 23
Zhaojin Mining Industry Company Limited, Annual General Meeting, Jun 03, 2024 Zhaojin Mining Industry Company Limited, Annual General Meeting, Jun 03, 2024. Agenda: To consider final dividend. Annonce • Mar 13
Zhaojin Mining Industry Company Limited to Report Fiscal Year 2023 Results on Mar 22, 2024 Zhaojin Mining Industry Company Limited announced that they will report fiscal year 2023 results on Mar 22, 2024 New Risk • Feb 10
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 German stocks, typically moving 7.0% 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 Interest payments are not well covered by earnings (2.5x net interest cover). Minor Risk Share price has been volatile over the past 3 months (7.0% average weekly change). Buying Opportunity • Dec 14
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 27%. The fair value is estimated to be €1.26, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 37%. Revenue is forecast to grow by 23% in 2 years. Earnings is forecast to grow by 212% in the next 2 years. Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.067 (vs CN¥0.046 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.067 (up from CN¥0.046 in 3Q 2022). Revenue: CN¥2.94b (up 30% from 3Q 2022). Net income: CN¥228.5m (up 45% from 3Q 2022). Profit margin: 7.8% (up from 7.0% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Annonce • Oct 17
Zhaojin Mining Industry Company Limited to Report Q3, 2023 Results on Oct 27, 2023 Zhaojin Mining Industry Company Limited announced that they will report Q3, 2023 results on Oct 27, 2023 Reported Earnings • Aug 27
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: CN¥1.71b (down 7.1% from 2Q 2022). Net income: CN¥154.2m (up CN¥130.7m from 2Q 2022). Profit margin: 9.0% (up from 1.3% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Europe are expected to remain flat. Annonce • Aug 16
Zhaojin Mining Industry Company Limited to Report First Half, 2023 Results on Aug 25, 2023 Zhaojin Mining Industry Company Limited announced that they will report first half, 2023 results on Aug 25, 2023 Annonce • Jun 06
Zhaojin Mining Industry Company Limited Approves Final Dividend for the Year Ended 31 December 2022, Payable on June 30, 2023 Zhaojin Mining Industry Company Limited announced at the shareholder meeting held on June 5, 2023 that the company approved Final Dividend of RMB 0.04 per share for the Year Ended 31 December 2022. Ex-dividend date is June 7, 2023. Record date is June 13, 2023. Payment date is June 30, 2023. Upcoming Dividend • May 31
Upcoming dividend of CN¥0.04 per share at 0.4% yield Eligible shareholders must have bought the stock before 07 June 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 33% but the company is not cash flow positive. Trailing yield: 0.4%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (9.0%). Reported Earnings • Mar 25
Full year 2022 earnings released: EPS: CN¥0.07 (vs CN¥0.01 in FY 2021) Full year 2022 results: EPS: CN¥0.07 (up from CN¥0.01 in FY 2021). Revenue: CN¥7.89b (up 15% from FY 2021). Net income: CN¥402.0m (up CN¥368.3m from FY 2021). Profit margin: 5.1% (up from 0.5% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.8% p.a. on average during the next 2 years, compared to a 1.4% decline forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Non-Executive Director Junhao Wei was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Nov 16
Zhaojin Mining Industry Company Limited Announces Board Changes Zhaojin Mining Industry Company Limited announces that, Mr. Long Yi () ("Mr. Long") has been appointed as a non-executive director and vice chairman of the Board of the Company. Mr. Chen Lunan has been appointed as an executive director of the Company. Mr. Luan Wenjing has been appointed as a non-executive director of the Company. Their appointments became effective from 15 November 2022. Mr. Long Yi aged 46, born in October 1976, graduated from Northeastern University in 1999, majoring in mining engineering, and obtained his doctoral degree in mining engineering from Northeastern University in 2022, and is a senior engineer. Mr. Long has been the vice-president of Zijin Mining Group Company Limited (a joint stock limited company incorporated in the People's Republic of China, whose shares are listed on The Stock Exchange of Hong Kong Limited and Shanghai Stock Exchange since December 2019. From July 1999 to December 2019, Mr. Long successively served as a technician in the mining plant and a construction manager in the Phase IV technical improvement underground engineering department of Zijinshan Gold Mine deputy director of the office of the construction command and deputy director of the underground engineering department of Zijinshan Copper Mine assistant to the general manager of Xinjiang Jinbao Mining Co. Ltd. deputy general manager of Fuyun Jinshan Mining Co. Ltd. deputy general manager and general manager of Xinjiang Jinbao Mining Co. Ltd. general manager of Xinjiang Ashele Copper Co. Ltd. assistant to president of Zijin Mining and chief of the Zijinshan Gold and Copper Mine chief safety officer of Zijin Mining, general manager of La Compagnie Minière de Musonoie Global Société par Actions Simplifiée, general manager of the overseas business department of Zijin Mining, general manager of Serbia Zijin Bor Copper doo Bor and other positions. Annonce • Nov 11
Zhaojin Mining Industry Company Limited Announces Management Changes The board of directors of Zhaojin Mining Industry Company Limited announced that, due to adjustment of work arrangements, Mr. Ding Jun, Mr. Gao Min and Mr. Huang Zhen have tendered their resignations from the position of non-executive Director. Mr. Ding Jun has also tendered his resignation as the vice chairman of the Board and a member of the strategic committee of the Company; Mr. Gao Min has also tendered his resignation as a member of the nomination and remuneration committee of the Company; and Mr. Huang Zhen has also tendered his resignation as the member of the audit committee of the Company (the "Audit Committee"). The resignations of Mr. Ding Jun and Mr. Gao Min will take effect from 10 November 2022; while the resignation of Mr. Huang Zhen will take effect until the appointment a new member of the Audit Committee. The Company will appoint a new member of the Audit Committee as soon as practicable, and will make further announcement as and when appropriate. Mr. Ding Jun, Mr. Gao Min and Mr. Huang Zhen have confirmed that they have no disagreement with the Board, and that they are not aware of any matters relating to their resignations that need to be brought to the attention of the holders of the securities of the Company. The Board also announced that, due to adjustment of work arrangement, Mr. Zou Chao has tendered his resignation from the position of shareholder representative supervisor. Given that the departure of Mr. Zou Chao will result in the number of members of the supervisory committee of the Company (the "Supervisory Committee") falling below the minimum quorum, the resignation of Mr. Zou Chao will take effect until the election of a new supervisor of the Company. The Company will elect a new supervisor as soon as practicable in accordance with the relevant provisions of the Company Law of the People's Republic of China and the Articles of Association of the Company and will make further announcement as and when appropriate. Prior to the election of the new supervisor, Mr. Zou Chao shall continue performing his duties as a shareholder representative supervisor. Mr. Zou Chao has confirmed that he has no disagreement with the Board and the Supervisory Committee, and that he is not aware of any matters relating to his resignation that need to be brought to the attention of the holders of the securities of the Company. Reported Earnings • Oct 22
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: CN¥2.25b (up 20% from 3Q 2021). Net income: CN¥157.5m (up CN¥140.8m from 3Q 2021). Profit margin: 7.0% (up from 0.9% in 3Q 2021). Annonce • Oct 11
Zhaojin Mining Industry Company Limited to Report Q3, 2022 Results on Oct 20, 2022 Zhaojin Mining Industry Company Limited announced that they will report Q3, 2022 results on Oct 20, 2022 Annonce • Sep 27
Zhaojin Mining Industry Company Limited Announces Executive Changes The board of directors of Zhaojin Mining Industry Company Limited announced that Mr. Wang Xiaojie resigned from his position as a shareholder representative supervisor and the chairman of the seventh session of the supervisory committee of the Company due to the re-allocation of his work arrangement. His resignation is with effect from 26 September 2022. The Board also announced that, Mr. Leng Haixiang was appointed as a shareholder representative supervisor of the Company and the chairman of the Seventh Section of the Supervisory Committee. His appointment is with effect from 26 September 2022. Mr. Leng Haixiang, aged 51, born in 1971, graduated from Shandong Cadre Correspondence University, majoring in law with a bachelor's degree. He is currently the chairman of the Supervisor Committee of the Company. Mr. Leng served successively in Zhaoyuan Foreign Economic and Technological Trade Company of Shandong Province, Personnel Bureau of Zhaoyuan City, Shandong Province, and Personnel Dispute Arbitration Committee of Zhaoyuan City. He served as Deputy secretary of the party Committee and secretary of the Disciplinary Committee of Xiadian Town, Zhaoyuan City, Deputy Secretary and Mayor of the Party Committee of Daqinjia Town, Zhaoyuan City, Director and Secretary of the Working Committee of Daqinjia Street, Zhaoyuan City, Secretary of the Party Committee of Canzhuang Town, Zhaoyuan City, Deputy Director of the Organization Department of Zhaoyuan Municipal Party Committee, Director and Secretary of the Party Group of Zhaoyuan City Human Resources and Society Secretary Bureau, member of the Party Group, Secretary and Director of the Party Group of the Government Office of Zhaoyuan Municipal Government, etc. Mr. Leng won honorary titles such as Shandong Personnel Propaganda Advanced Individual, Yantai Beautiful Countryside Construction and Rural Civilization Action Advanced Individual. Reported Earnings • Aug 24
Second quarter 2022 earnings released: EPS: CN¥0.006 (vs CN¥0.001 loss in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.006 (up from CN¥0.001 loss in 2Q 2021). Revenue: CN¥1.84b (down 13% from 2Q 2021). Net income: CN¥23.5m (up CN¥28.2m from 2Q 2021). Profit margin: 1.3% (up from net loss in 2Q 2021). Over the next year, revenue is forecast to grow 15%, compared to a 4.4% growth forecast for the Metals and Mining industry in Germany. Over the last 3 years on average, earnings per share has fallen by 24% 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. Annonce • Aug 11
Zhaojin Mining Industry Company Limited to Report Q2, 2022 Results on Aug 22, 2022 Zhaojin Mining Industry Company Limited announced that they will report Q2, 2022 results on Aug 22, 2022 Reported Earnings • Apr 28
First quarter 2022 earnings released: EPS: CN¥0.03 (vs CN¥0.01 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.03 (up from CN¥0.01 in 1Q 2021). Revenue: CN¥1.70b (up 23% from 1Q 2021). Net income: CN¥84.3m (up 269% from 1Q 2021). Profit margin: 5.0% (up from 1.7% in 1Q 2021). Over the next year, revenue is forecast to grow 6.0%, compared to a 33% growth forecast for the industry in Germany. 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 5% per year, which means it is well ahead of earnings. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Non-Executive Director Junhao Wei was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Apr 20
Zhaojin Mining Industry Company Limited, Annual General Meeting, Jun 06, 2022 Zhaojin Mining Industry Company Limited, Annual General Meeting, Jun 06, 2022, at 09:00 China Standard Time. Location: at the Company's conference room at No.118 Wenquan Road, Zhaoyuan City Shandong Province China Agenda: To consider the report of the board of directors of the Company for the year ended 31 December 2021; to consider the report of the supervisory committee of the Company for the year ended 31 December 2021; to consider the audited financial report of the Company for the year ended 31 December 2021; to consider the proposed distribution plan of the Company in 2021 (that is, it is recommended not to pay the final dividend to the Shareholders for the year ended 31 December 2021); and to consider other matters. Annonce • Apr 12
Zhaojin Mining Industry Company Limited to Report Q1, 2022 Results on Apr 25, 2022 Zhaojin Mining Industry Company Limited announced that they will report Q1, 2022 results on Apr 25, 2022 Buying Opportunity • Apr 08
Now 21% undervalued Over the last 90 days, the stock is up 28%. The fair value is estimated to be €1.05, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.6% over the last 3 years. Earnings per share has grown by 3.5%. For the next 3 years, revenue is forecast to grow by 9.8% per annum. Earnings is also forecast to grow by 55% per annum over the same time period. Reported Earnings • Oct 27
Third quarter 2021 earnings released The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥1.88b (down 30% from 3Q 2020). Net income: CN¥16.8m (down 97% from 3Q 2020). Profit margin: 0.9% (down from 18% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 07
First quarter 2021 earnings released: EPS CN¥0.01 (vs CN¥0.02 in 1Q 2020) The company reported a poor first quarter result with weaker earnings and profit margins, although revenues were flat. First quarter 2021 results: Revenue: CN¥1.38b (flat on 1Q 2020). Net income: CN¥22.8m (down 72% from 1Q 2020). Profit margin: 1.7% (down from 5.9% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 02
Upcoming dividend of CN¥0.05 per share Eligible shareholders must have bought the stock before 09 June 2021. Payment date: 30 June 2021. Trailing yield: 0.7%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (4.3%). Reported Earnings • Apr 24
Full year 2020 earnings released: EPS CN¥0.32 (vs CN¥0.15 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥7.65b (up 21% from FY 2019). Net income: CN¥1.05b (up 120% from FY 2019). Profit margin: 14% (up from 7.6% in FY 2019). Production and reserves: Gold Production: 1,145.1 troy koz Proved and probable reserves (ore): 146 Mt (151.7 Mt in FY 2019) Number of mines: 27 (25 in FY 2019) Copper Production: 6,036 t Proved and probable reserves (ore): 10.77 Mt (11.2 Mt in FY 2019) Number of mines: 2 (2 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 7% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 25
Full year 2020 earnings released: EPS CN¥0.32 (vs CN¥0.15 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥7.65b (up 21% from FY 2019). Net income: CN¥1.05b (up 120% from FY 2019). Profit margin: 14% (up from 7.6% in FY 2019). The increase in margin was driven by higher revenue. 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 7% per year, which means it is significantly lagging earnings growth. Annonce • Mar 13
Zhaojin Mining Industry Company Limited to Report Fiscal Year 2020 Results on Mar 24, 2021 Zhaojin Mining Industry Company Limited announced that they will report fiscal year 2020 results on Mar 24, 2021 Is New 90 Day High Low • Feb 27
New 90-day low: €0.83 The company is down 21% from its price of €1.05 on 27 November 2020. The German 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 56% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.21 per share. Is New 90 Day High Low • Jan 30
New 90-day low: €0.88 The company is down 20% from its price of €1.10 on 30 October 2020. The German market is up 20% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 67% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.21 per share. Is New 90 Day High Low • Dec 13
New 90-day low: €0.97 The company is down 4.0% from its price of €1.01 on 14 September 2020. The German market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.19 per share. Is New 90 Day High Low • Nov 03
New 90-day high: €1.20 The company is up 14% from its price of €1.05 on 05 August 2020. The German market is down 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.20 per share. Reported Earnings • Oct 25
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥1.05b, up 161% from the prior year. Total revenue was CN¥7.50b over the last 12 months, up 11% from the prior year. Annonce • Oct 14
Zhaojin Mining Industry Company Limited to Report Nine Months, 2020 Results on Oct 23, 2020 Zhaojin Mining Industry Company Limited announced that they will report nine months, 2020 results on Oct 23, 2020 Reported Earnings • Sep 19
First half earnings released Over the last 12 months the company has reported total profits of CN¥652.8m, up 59% from the prior year. Total revenue was CN¥6.64b over the last 12 months, down 6.7% from the prior year. Annonce • Aug 31
Zhaojin Mining Industry Company Limited to Report First Half, 2020 Results on Aug 25, 2020 Zhaojin Mining Industry Company Limited announced that they will report first half, 2020 results on Aug 25, 2020 
