Reported Earnings • Apr 30
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: CN¥0.48 (up from CN¥0.12 in FY 2024). Revenue: CN¥15.0b (up 32% from FY 2024). Net income: CN¥839.0m (up 305% from FY 2024). Profit margin: 5.6% (up from 1.8% in FY 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 35%. Earnings per share (EPS) also missed analyst estimates by 17%. Revenue is forecast to grow 32% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings. Annuncio • Apr 30
Shenghe Resources Holding Co., Ltd, Annual General Meeting, May 22, 2026 Shenghe Resources Holding Co., Ltd, Annual General Meeting, May 22, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Chengdu, Sichuan China New Risk • Apr 15
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risk Paying a dividend despite having no free cash flows. Annuncio • Apr 09
Shenghe Resources Holding Co., Ltd (SHSE:600392) announces an Equity Buyback for CNY 400 million worth of its shares. Shenghe Resources Holding Co., Ltd (SHSE:600392) commences share repurchases program. Under the program, the company will repurchase up to not more than CNY400 million. The shares will be repurchased at a price not more than CNY 30 per share. The repurchased shares will be cancelled to reduce the company’s registered capital or will be used for the implementation of equity incentive plan. The program will be funded from the company's own funds. The program will be valid for a period of 12 months from the date of shareholder's approval. Annuncio • Mar 30
Shenghe Resources Holding Co., Ltd to Report Q1, 2026 Results on Apr 30, 2026 Shenghe Resources Holding Co., Ltd announced that they will report Q1, 2026 results on Apr 30, 2026 Valuation Update With 7 Day Price Move • Mar 06
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥27.85, the stock trades at a forward P/E ratio of 45x. Average forward P/E is 25x in the Metals and Mining industry in China. Total returns to shareholders of 97% over the past three years. New Risk • Feb 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.6% 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: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.6% average weekly change). Valuation Update With 7 Day Price Move • Jan 29
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥30.03, the stock trades at a forward P/E ratio of 49x. Average forward P/E is 27x in the Metals and Mining industry in China. Total returns to shareholders of 79% over the past three years. Annuncio • Dec 26
Shenghe Resources Holding Co., Ltd to Report Fiscal Year 2025 Results on Apr 30, 2026 Shenghe Resources Holding Co., Ltd announced that they will report fiscal year 2025 results on Apr 30, 2026 Reported Earnings • Oct 31
Third quarter 2025 earnings released: EPS: CN¥0.23 (vs CN¥0.092 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.23 (up from CN¥0.092 in 3Q 2024). Revenue: CN¥4.28b (up 53% from 3Q 2024). Net income: CN¥410.7m (up 155% from 3Q 2024). Profit margin: 9.6% (up from 5.8% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Annuncio • Sep 30
Shenghe Resources Holding Co., Ltd to Report Q3, 2025 Results on Oct 31, 2025 Shenghe Resources Holding Co., Ltd announced that they will report Q3, 2025 results on Oct 31, 2025 Major Estimate Revision • Sep 24
Consensus EPS estimates increase by 20% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from CN¥15.4b to CN¥16.6b. EPS estimate increased from CN¥0.403 to CN¥0.483 per share. Net income forecast to grow 49% next year vs 45% growth forecast for Metals and Mining industry in China. Consensus price target of CN¥30.72 unchanged from last update. Share price was steady at CN¥22.61 over the past week. Valuation Update With 7 Day Price Move • Sep 05
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥22.90, the stock trades at a forward P/E ratio of 51x. Average forward P/E is 18x in the Metals and Mining industry in China. Total returns to shareholders of 36% over the past three years. Price Target Changed • Sep 04
Price target increased by 104% to CN¥31.43 Up from CN¥15.41, the current price target is provided by 1 analyst. New target price is 45% above last closing price of CN¥21.69. Stock is up 173% over the past year. The company is forecast to post earnings per share of CN¥0.41 for next year compared to CN¥0.12 last year. Reported Earnings • Aug 31
Second quarter 2025 earnings released: EPS: CN¥0.12 (vs CN¥0.084 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.12 (up from CN¥0.084 in 2Q 2024). Revenue: CN¥3.19b (up 25% from 2Q 2024). Net income: CN¥208.6m (up 42% from 2Q 2024). Profit margin: 6.5% (up from 5.8% in 2Q 2024). 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 9.5% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance. New Risk • Aug 26
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 8.6% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.6% average weekly change). Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Jul 25
Investor sentiment improves as stock rises 31% After last week's 31% share price gain to CN¥22.35, the stock trades at a forward P/E ratio of 53x. Average forward P/E is 19x in the Metals and Mining industry in China. Total returns to shareholders of 10% over the past three years. New Risk • Jul 21
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.8% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Jul 11
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥14.99, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 17x in the Metals and Mining industry in China. Total loss to shareholders of 25% over the past three years. Declared Dividend • Jul 09
Dividend of CN¥0.10 announced Shareholders will receive a dividend of CN¥0.10. Ex-date: 11th July 2025 Payment date: 11th July 2025 Dividend yield will be 0.9%, which is lower than the industry average of 2.8%. Sustainability & Growth Dividend is covered by earnings (36% 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 decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 68% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annuncio • Jun 30
Shenghe Resources Holding Co., Ltd to Report First Half, 2025 Results on Aug 30, 2025 Shenghe Resources Holding Co., Ltd announced that they will report first half, 2025 results on Aug 30, 2025 New Risk • May 02
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 45% 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 Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. New Risk • Apr 25
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 118% The company is paying a dividend despite having no free cash flows. Dividend yield: 1.4% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Reported Earnings • Apr 24
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥0.12 (down from CN¥0.19 in FY 2023). Revenue: CN¥11.4b (down 36% from FY 2023). Net income: CN¥207.2m (down 38% from FY 2023). Profit margin: 1.8% (down from 1.9% in FY 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 29%. Earnings per share (EPS) also missed analyst estimates by 49%. Revenue is forecast to grow 34% 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, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance. Annuncio • Apr 23
Shenghe Resources Holding Co., Ltd, Annual General Meeting, May 13, 2025 Shenghe Resources Holding Co., Ltd, Annual General Meeting, May 13, 2025, at 14:00 China Standard Time. Location: The Company's Meeting Room, Chengdu, Sichuan China Annuncio • Apr 02
Shenghe Resources Holding Co., Ltd (SHSE:600392) completed the acquisition of 86% stake in Jiangyin Jiahua Advanced Material Resouces Co. Ltd from Neo Performance Materials Inc. (TSX:NEO) for $24.6 million. Shenghe Resources Holding Co., Ltd (SHSE:600392) agreed to acquire 86% stake in Jiangyin Jiahua Advanced Material Resouces Co. Ltd from Neo Performance Materials Inc. (TSX:NEO) for $25.6 million on August 20, 2024. A cash consideration of $25.6 million will be paid by Shenghe Resources Holding Co., Ltd. The Transaction is subject to approval by regulatory authorities in China and transaction is expected to close in Q4 2024. The transaction is now expected to close in Q1 2025.
Shenghe Resources Holding Co., Ltd (SHSE:600392) completed the acquisition of 86% stake in Jiangyin Jiahua Advanced Material Resouces Co. Ltd from Neo Performance Materials Inc. (TSX:NEO) for $24.6 million on April 1, 2025. Annuncio • Mar 28
Shenghe Resources Holding Co., Ltd to Report Q1, 2025 Results on Apr 30, 2025 Shenghe Resources Holding Co., Ltd announced that they will report Q1, 2025 results on Apr 30, 2025 Annuncio • Dec 27
Shenghe Resources Holding Co., Ltd to Report Fiscal Year 2024 Results on Apr 29, 2025 Shenghe Resources Holding Co., Ltd announced that they will report fiscal year 2024 results on Apr 29, 2025 Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: CN¥0.092 (vs CN¥0.042 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.092 (up from CN¥0.042 in 3Q 2023). Revenue: CN¥2.80b (down 38% from 3Q 2023). Net income: CN¥161.4m (up 118% from 3Q 2023). Profit margin: 5.8% (up from 1.6% in 3Q 2023). Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Annuncio • Sep 30
Shenghe Resources Holding Co., Ltd to Report Q3, 2024 Results on Oct 31, 2024 Shenghe Resources Holding Co., Ltd announced that they will report Q3, 2024 results on Oct 31, 2024 Major Estimate Revision • Sep 17
Consensus revenue estimates fall by 13% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥18.4b to CN¥16.0b. EPS estimate fell from CN¥0.34 to CN¥0.23 per share. Net income forecast to grow 225% next year vs 38% growth forecast for Metals and Mining industry in China. Consensus price target down from CN¥12.51 to CN¥10.51. Share price fell 2.5% to CN¥7.69 over the past week. Price Target Changed • Sep 03
Price target decreased by 14% to CN¥12.51 Down from CN¥14.46, the current price target is an average from 2 analysts. New target price is 58% above last closing price of CN¥7.90. Stock is down 32% over the past year. The company is forecast to post earnings per share of CN¥0.34 for next year compared to CN¥0.19 last year. Reported Earnings • Aug 31
Second quarter 2024 earnings released: EPS: CN¥0.084 (vs CN¥0.004 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.084 (up from CN¥0.004 in 2Q 2023). Revenue: CN¥2.55b (down 32% from 2Q 2023). Net income: CN¥147.1m (up CN¥140.5m from 2Q 2023). Profit margin: 5.8% (up from 0.2% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 30% per year, which means it has not declined as severely as earnings. Annuncio • Jun 28
Shenghe Resources Holding Co., Ltd to Report First Half, 2024 Results on Aug 31, 2024 Shenghe Resources Holding Co., Ltd announced that they will report first half, 2024 results on Aug 31, 2024 Major Estimate Revision • May 22
Consensus EPS estimates increase by 14% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from CN¥19.8b to CN¥20.0b. EPS estimate increased from CN¥0.42 to CN¥0.48 per share. Net income forecast to grow 2,110% next year vs 36% growth forecast for Metals and Mining industry in China. Consensus price target down from CN¥14.46 to CN¥13.48. Share price was steady at CN¥10.12 over the past week. Major Estimate Revision • May 06
Consensus revenue estimates increase by 17% The consensus outlook for revenues in fiscal year 2024 has improved. 2024 revenue forecast increased from CN¥17.0b to CN¥19.8b. EPS estimate increased from CN¥0.405 to CN¥0.42 per share. Net income forecast to grow 1,898% next year vs 36% growth forecast for Metals and Mining industry in China. Consensus price target up from CN¥13.31 to CN¥14.46. Share price fell 4.5% to CN¥10.00 over the past week. Price Target Changed • May 01
Price target increased by 8.7% to CN¥14.46 Up from CN¥13.31, the current price target is an average from 2 analysts. New target price is 47% above last closing price of CN¥9.83. Stock is down 29% over the past year. The company is forecast to post earnings per share of CN¥0.42 for next year compared to CN¥0.19 last year. New Risk • Apr 30
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 800% 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 Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.2% net profit margin). Annuncio • Apr 29
Shenghe Resources Holding Co., Ltd, Annual General Meeting, May 17, 2024 Shenghe Resources Holding Co., Ltd, Annual General Meeting, May 17, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Chengdu, Sichuan China Reported Earnings • Apr 28
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: CN¥0.19 (down from CN¥0.91 in FY 2022). Revenue: CN¥17.9b (up 6.7% from FY 2022). Net income: CN¥332.7m (down 79% from FY 2022). Profit margin: 1.9% (down from 9.5% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 14%. Earnings per share (EPS) also surpassed analyst estimates by 22%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings. Price Target Changed • Apr 10
Price target decreased by 12% to CN¥13.31 Down from CN¥15.11, the current price target is an average from 2 analysts. New target price is 19% above last closing price of CN¥11.21. Stock is down 25% over the past year. The company is forecast to post earnings per share of CN¥0.15 for next year compared to CN¥0.91 last year. Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥10.75, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 15x in the Metals and Mining industry in China. Total loss to shareholders of 36% over the past three years. Annuncio • Mar 29
Shenghe Resources Holding Co., Ltd to Report Q1, 2024 Results on Apr 30, 2024 Shenghe Resources Holding Co., Ltd announced that they will report Q1, 2024 results on Apr 30, 2024 Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥7.28, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 11x in the Metals and Mining industry in China. Total loss to shareholders of 57% over the past three years. Annuncio • Dec 29
Shenghe Resources Holding Co., Ltd to Report Fiscal Year 2023 Results on Apr 27, 2024 Shenghe Resources Holding Co., Ltd announced that they will report fiscal year 2023 results on Apr 27, 2024 Price Target Changed • Dec 02
Price target decreased by 7.1% to CN¥14.74 Down from CN¥15.87, the current price target is an average from 3 analysts. New target price is 43% above last closing price of CN¥10.28. Stock is down 29% over the past year. The company is forecast to post earnings per share of CN¥0.15 for next year compared to CN¥0.91 last year. Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: CN¥0.042 (vs CN¥0.079 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.042 (down from CN¥0.079 in 3Q 2022). Revenue: CN¥4.55b (up 11% from 3Q 2022). Net income: CN¥74.2m (down 46% from 3Q 2022). Profit margin: 1.6% (down from 3.4% in 3Q 2022). Revenue is forecast to grow 5.1% 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 18% per year whereas the company’s share price has increased by 15% per year. Reported Earnings • Aug 30
Second quarter 2023 earnings released: EPS: CN¥0.004 (vs CN¥0.36 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.004 (down from CN¥0.36 in 2Q 2022). Revenue: CN¥3.75b (down 15% from 2Q 2022). Net income: CN¥6.60m (down 99% from 2Q 2022). Profit margin: 0.2% (down from 14% in 2Q 2022). 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 increased by 43% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Annuncio • Jun 28
Shenghe Resources Holding Co., Ltd to Report First Half, 2023 Results on Aug 30, 2023 Shenghe Resources Holding Co., Ltd announced that they will report first half, 2023 results on Aug 30, 2023 Buying Opportunity • Mar 02
Now 24% undervalued Over the last 90 days, the stock is up 4.9%. The fair value is estimated to be CN¥20.07, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Earnings per share has grown by 90%. Revenue is forecast to grow by 48% in 2 years. Earnings is forecast to grow by 20% in the next 2 years. Buying Opportunity • Feb 10
Now 20% undervalued Over the last 90 days, the stock is up 7.3%. The fair value is estimated to be CN¥20.30, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Earnings per share has grown by 90%. Revenue is forecast to grow by 48% in 2 years. Earnings is forecast to grow by 20% in the next 2 years. Price Target Changed • Nov 16
Price target decreased to CN¥18.69 Down from CN¥24.90, the current price target is provided by 1 analyst. New target price is 22% above last closing price of CN¥15.26. Stock is down 22% over the past year. The company is forecast to post earnings per share of CN¥1.02 for next year compared to CN¥0.61 last year. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. 2 highly experienced directors. 4 independent directors (8 non-independent directors). Independent Director Jingwen Mao was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥15.58, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 14x in the Metals and Mining industry in China. Total returns to shareholders of 95% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥26.09 per share. Reported Earnings • Oct 30
Third quarter 2022 earnings released: EPS: CN¥0.079 (vs CN¥0.16 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.079 (down from CN¥0.16 in 3Q 2021). Revenue: CN¥4.12b (up 41% from 3Q 2021). Net income: CN¥138.0m (down 52% from 3Q 2021). Profit margin: 3.4% (down from 9.9% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 26
Second quarter 2022 earnings released: EPS: CN¥0.36 (vs CN¥0.13 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.36 (up from CN¥0.13 in 2Q 2021). Revenue: CN¥4.42b (up 76% from 2Q 2021). Net income: CN¥634.6m (up 173% from 2Q 2021). Profit margin: 14% (up from 9.2% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 38%, compared to a 31% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 27
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CN¥0.61 (up from CN¥0.18 in FY 2020). Revenue: CN¥10.6b (up 30% from FY 2020). Net income: CN¥1.08b (up 233% from FY 2020). Profit margin: 10% (up from 4.0% in FY 2020). The increase in margin was driven by higher revenue. Production and reserves: Titanium Production: 30,135 t Revenue missed analyst estimates by 17%. Earnings per share (EPS) also missed analyst estimates by 2.6%. Over the next year, revenue is forecast to grow 78%, compared to a 35% growth forecast for the mining industry in China. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Price Target Changed • Apr 27
Price target increased to CN¥24.90 Up from CN¥13.20, the current price target is an average from 3 analysts. New target price is 77% above last closing price of CN¥14.07. Stock is down 18% over the past year. The company is forecast to post earnings per share of CN¥1.33 for next year compared to CN¥0.61 last year. Valuation Update With 7 Day Price Move • Nov 26
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥23.00, the stock trades at a forward P/E ratio of 43x. Average forward P/E is 18x in the Metals and Mining industry in China. Total returns to shareholders of 145% over the past three years. Reported Earnings • Nov 01
Third quarter 2021 earnings released: EPS CN¥0.16 (vs CN¥0.06 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥2.93b (up 49% from 3Q 2020). Net income: CN¥288.5m (up 175% from 3Q 2020). Profit margin: 9.9% (up from 5.3% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment deteriorated over the past week After last week's 21% share price decline to CN¥19.66, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 18x in the Metals and Mining industry in China. Total returns to shareholders of 105% over the past three years. Valuation Update With 7 Day Price Move • Sep 14
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥27.73, the stock trades at a forward P/E ratio of 55x. Average forward P/E is 21x in the Metals and Mining industry in China. Total returns to shareholders of 207% over the past three years. Reported Earnings • Aug 22
Second quarter 2021 earnings released: EPS CN¥0.13 (vs CN¥0.018 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥2.51b (up 42% from 2Q 2020). Net income: CN¥232.2m (up CN¥201.1m from 2Q 2020). Profit margin: 9.2% (up from 1.8% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 04
Investor sentiment improved over the past week After last week's 25% share price gain to CN¥27.13, the stock trades at a forward P/E ratio of 57x. Average forward P/E is 19x in the Metals and Mining industry in China. Total returns to shareholders of 174% over the past three years. Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥20.77, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 18x in the Metals and Mining industry in China. Total returns to shareholders of 104% over the past three years. Reported Earnings • Apr 25
First quarter 2021 earnings released: EPS CN¥0.18 (vs CN¥0.006 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥2.35b (up 32% from 1Q 2020). Net income: CN¥310.7m (up CN¥299.9m from 1Q 2020). Profit margin: 13% (up from 0.6% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Feb 23
New 90-day high: CN¥25.06 The company is up 176% from its price of CN¥9.08 on 25 November 2020. The Chinese market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥1.47 per share. Is New 90 Day High Low • Jan 29
New 90-day high: CN¥16.11 The company is up 145% from its price of CN¥6.58 on 30 October 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥1.45 per share. Is New 90 Day High Low • Jan 06
New 90-day high: CN¥9.37 The company is up 36% from its price of CN¥6.90 on 30 September 2020. The Chinese market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥1.42 per share. Is New 90 Day High Low • Nov 19
New 90-day high: CN¥8.04 The company is up 2.0% from its price of CN¥7.87 on 21 August 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥1.34 per share. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total losses of CN¥8.80m, with earnings decreasing by CN¥213.1m from the prior year. Total revenue was CN¥7.05b over the last 12 months, up 11% from the prior year. Is New 90 Day High Low • Oct 22
New 90-day low: CN¥6.82 The company is down 22% from its price of CN¥8.75 on 24 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 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥2.43 per share. Is New 90 Day High Low • Sep 28
New 90-day low: CN¥6.94 The company is down 2.0% from its price of CN¥7.05 on 30 June 2020. The Chinese market is up 9.0% 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. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥2.48 per share. Annuncio • Jul 17
Shenghe Resources Holding Co., Ltd to Report First Half, 2020 Results on Aug 29, 2020 Shenghe Resources Holding Co., Ltd announced that they will report first half, 2020 results on Aug 29, 2020