New Risk • 10h
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 8.5% 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 Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.5% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.3% net profit margin). Valuation Update With 7 Day Price Move • 18h
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to CN¥7.66, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 16x in the Metals and Mining industry in China. Total returns to shareholders of 183% over the past three years. Annuncio • May 30
Tongling Nonferrous Metals Group Co.,Ltd. Announces Final Cash Dividend on A Shares for the Year 2025, Payable on 8 June 2026 Tongling Nonferrous Metals Group Co.,Ltd. announced 2025 final profit distribution plan to be implemented (A shares): Cash dividend/10 shares (tax included): CNY 0.50000000. Record date: 05 June 2026, Ex-date: 08 June 2026, Payment date: 08 June 2026. Valuation Update With 7 Day Price Move • May 20
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥5.92, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 17x in the Metals and Mining industry in China. Total returns to shareholders of 122% over the past three years. Board Change • May 07
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. 4 non-independent directors. Independent Director Jia You was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Apr 29
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: 1.3% Last year net profit margin: 1.9% 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 (18% operating cash flow to total debt). 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 (1.3% net profit margin). Reported Earnings • Apr 20
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: CN¥0.19 (down from CN¥0.22 in FY 2024). Revenue: CN¥172.8b (up 19% from FY 2024). Net income: CN¥2.42b (down 14% from FY 2024). Profit margin: 1.4% (down from 1.9% in FY 2024). Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) also missed analyst estimates by 30%. Revenue is forecast to grow 15% p.a. on average during the next 2 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 fallen by 26% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings. Annuncio • Apr 20
Tongling Nonferrous Metals Group Co.,Ltd., Annual General Meeting, May 13, 2026 Tongling Nonferrous Metals Group Co.,Ltd., Annual General Meeting, May 13, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Tongling, Anhui China Annuncio • Mar 31
Tongling Nonferrous Metals Group Co.,Ltd. to Report Q1, 2026 Results on Apr 29, 2026 Tongling Nonferrous Metals Group Co.,Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026 New Risk • Mar 23
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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (10% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 105% Paying a dividend despite having no free cash flows. Minor Risk Profit margins are more than 30% lower than last year (1.1% net profit margin). Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥5.59, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 21x in the Metals and Mining industry in China. Total returns to shareholders of 86% over the past three years. Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥8.42, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 26x in the Metals and Mining industry in China. Total returns to shareholders of 172% over the past three years. Valuation Update With 7 Day Price Move • Jan 26
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to CN¥7.55, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 26x in the Metals and Mining industry in China. Total returns to shareholders of 138% over the past three years. New Risk • Jan 04
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 105% The company is paying a dividend despite having no free cash flows. Dividend yield: 1.7% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Dividend is not well covered by earnings and cash flows. Payout ratio: 105% Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Profit margins are more than 30% lower than last year (1.1% net profit margin). Annuncio • Dec 31
Tongling Nonferrous Metals Group Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 20, 2026 Tongling Nonferrous Metals Group Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 20, 2026 Reported Earnings • Oct 28
Third quarter 2025 earnings released: EPS: CN¥0.028 (vs CN¥0.044 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.028 (down from CN¥0.044 in 3Q 2024). Revenue: CN¥45.8b (up 32% from 3Q 2024). Net income: CN¥329.6m (down 40% from 3Q 2024). Profit margin: 0.7% (down from 1.6% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 9.4% 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 increased by 27% per year, which means it is well ahead of earnings. Annuncio • Oct 17
Tongling Nonferrous Metals Group Co.,Ltd. Approves 2025 Interim Profit Distribution Plan as Cash Dividend Tongling Nonferrous Metals Group Co.,Ltd. at its 2nd Extraordinary General Meeting of 2025 on 15 October 2025 approved 2025 interim profit distribution plan as Cash dividend of CNY 0.50000000 per 10 shares (tax included). New Risk • Oct 08
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 7.1% 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.1% average weekly change). Profit margins are more than 30% lower than last year (1.4% net profit margin). Annuncio • Oct 01
Tongling Nonferrous Metals Group Co.,Ltd. Proposes Interim Cash Dividend for 2025 Tongling Nonferrous Metals Group Co.,Ltd. at 2nd Extraordinary General Meeting of 2025 to be held on 15 October 2025 proposed 2025 interim profit distribution plan of Cash dividend/10 shares (tax included) of CNY 0.50000000. Annuncio • Sep 30
Tongling Nonferrous Metals Group Co.,Ltd. to Report Q3, 2025 Results on Oct 28, 2025 Tongling Nonferrous Metals Group Co.,Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025 Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥5.16, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 19x in the Metals and Mining industry in China. Total returns to shareholders of 112% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥2.78 per share. Reported Earnings • Aug 17
Second quarter 2025 earnings released: EPS: CN¥0.023 (vs CN¥0.083 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.023 (down from CN¥0.083 in 2Q 2024). Revenue: CN¥40.9b (up 5.3% from 2Q 2024). Net income: CN¥312.1m (down 71% from 2Q 2024). Profit margin: 0.8% (down from 2.8% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Aug 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥4.02, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 18x in the Metals and Mining industry in China. Total returns to shareholders of 40% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥1.93 per share. Major Estimate Revision • May 08
Consensus EPS estimates fall by 36% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥166.8b to CN¥162.9b. EPS estimate also fell from CN¥0.346 per share to CN¥0.22 per share. Net income forecast to grow 12% next year vs 38% growth forecast for Metals and Mining industry in China. Consensus price target of CN¥4.35 unchanged from last update. Share price was steady at CN¥3.20 over the past week. Annuncio • Apr 25
Tongling Nonferrous Metals Group Co.,Ltd. Proposes Final Cash Dividend for the Year 2024 Tongling Nonferrous Metals Group Co.,Ltd. proposed final cash dividend/10 shares (tax included) of CNY 1.00000000 for the year 2024. Reported Earnings • Apr 24
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: CN¥0.22 (up from CN¥0.21 in FY 2023). Revenue: CN¥145.5b (up 5.9% from FY 2023). Net income: CN¥2.81b (up 4.1% from FY 2023). Profit margin: 1.9% (down from 2.0% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 28%. Revenue is forecast to grow 14% 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 fallen by 13% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Annuncio • Apr 23
Tongling Nonferrous Metals Group Co.,Ltd., Annual General Meeting, May 16, 2025 Tongling Nonferrous Metals Group Co.,Ltd., Annual General Meeting, May 16, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Tongling, Anhui China Annuncio • Mar 31
Tongling Nonferrous Metals Group Co.,Ltd. to Report Q1, 2025 Results on Apr 29, 2025 Tongling Nonferrous Metals Group Co.,Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 Annuncio • Dec 31
Tongling Nonferrous Metals Group Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 23, 2025 Tongling Nonferrous Metals Group Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 23, 2025 Annuncio • Nov 27
Tongling Nonferrous Metals Group Co.,Ltd. (SZSE:000630) announces an Equity Buyback for CNY 300 million worth of its shares. Tongling Nonferrous Metals Group Co.,Ltd. (SZSE:000630) announces a share repurchase program. Under the program, the company will repurchase up to CNY 300 million worth of its common stock. The shares will be repurchase at a price of CNY 4.60 per share. The repurchased shares will be used to convert corporate bonds issued by listed companies that can be converted into shares. The company will use its own funds to repurchase the company's shares through centralized bidding transactions. The program will be valid for 12 months from the date on which the company's shareholders' meeting is approved. Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: CN¥0.044 (vs CN¥0.067 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.044 (down from CN¥0.067 in 3Q 2023). Revenue: CN¥34.8b (up 3.0% from 3Q 2023). Net income: CN¥548.6m (down 52% from 3Q 2023). Profit margin: 1.6% (down from 3.4% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% 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 9% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Annuncio • Sep 30
Tongling Nonferrous Metals Group Co.,Ltd. to Report Q3, 2024 Results on Oct 29, 2024 Tongling Nonferrous Metals Group Co.,Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥3.86, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 14x in the Metals and Mining industry in China. Total returns to shareholders of 5.7% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥1.79 per share. Reported Earnings • Aug 28
Second quarter 2024 earnings released: EPS: CN¥0.083 (vs CN¥0.074 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.083 (up from CN¥0.074 in 2Q 2023). Revenue: CN¥38.8b (up 13% from 2Q 2023). Net income: CN¥1.08b (up 40% from 2Q 2023). Profit margin: 2.8% (up from 2.2% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 10.0% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Annuncio • Jun 29
Tongling Nonferrous Metals Group Co.,Ltd. to Report First Half, 2024 Results on Aug 28, 2024 Tongling Nonferrous Metals Group Co.,Ltd. announced that they will report first half, 2024 results on Aug 28, 2024 Declared Dividend • Jun 03
Dividend increased to CN¥0.079 Dividend of CN¥0.079 is 58% higher than last year. Ex-date: 7th June 2024 Payment date: 7th June 2024 Dividend yield will be 2.0%, which is lower than the industry average of 2.8%. Sustainability & Growth Dividend is well covered by both earnings (37% earnings payout ratio) and cash flows (22% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 97% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annuncio • Jun 01
Tongling Nonferrous Metals Group Co.,Ltd. Implements 2023 Final Profit Distribution Plan of A Shares, Payable on 07 June 2024 Tongling Nonferrous Metals Group Co.,Ltd. announced 2023 final profit distribution plan to be implemented (A shares) as Cash dividend/10 shares (tax included): CNY 0.79212600. Record date: 06 June 2024, Ex-date: 07 June 2024, Payment date: 07 June 2024. New Risk • May 04
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: 2.0% Last year net profit margin: 3.6% 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: Minor Risks 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 (2.0% net profit margin). Shareholders have been diluted in the past year (20% increase in shares outstanding). Annuncio • Apr 30
Tongling Nonferrous Metals Group Co.,Ltd., Annual General Meeting, May 21, 2024 Tongling Nonferrous Metals Group Co.,Ltd., Annual General Meeting, May 21, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Tongling, Anhui China Reported Earnings • Apr 29
First quarter 2024 earnings released: EPS: CN¥0.087 (vs CN¥0.062 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.087 (up from CN¥0.062 in 1Q 2023). Revenue: CN¥32.7b (down 4.7% from 1Q 2023). Net income: CN¥1.10b (up 68% from 1Q 2023). Profit margin: 3.4% (up from 1.9% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 7.4% 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 6% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Mar 30
Tongling Nonferrous Metals Group Co.,Ltd. to Report Q1, 2024 Results on Apr 29, 2024 Tongling Nonferrous Metals Group Co.,Ltd. announced that they will report Q1, 2024 results on Apr 29, 2024 Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥3.80, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Metals and Mining industry in China. Total returns to shareholders of 34% over the past three years. Annuncio • Dec 29
Tongling Nonferrous Metals Group Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 29, 2024 Tongling Nonferrous Metals Group Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 29, 2024 New Risk • Nov 02
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: 1.8% Last year net profit margin: 2.9% 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: Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (1.8% net profit margin). Shareholders have been diluted in the past year (20% increase in shares outstanding). Reported Earnings • Oct 31
Third quarter 2023 earnings released: EPS: CN¥0.067 (vs CN¥0.045 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.067 (up from CN¥0.045 in 3Q 2022). Revenue: CN¥33.8b (up 26% from 3Q 2022). Net income: CN¥1.15b (up 145% from 3Q 2022). Profit margin: 3.4% (up from 1.7% in 3Q 2022). 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 12% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Annuncio • Sep 30
Tongling Nonferrous Metals Group Co.,Ltd. to Report Q3, 2023 Results on Oct 28, 2023 Tongling Nonferrous Metals Group Co.,Ltd. announced that they will report Q3, 2023 results at 3:00 PM, China Standard Time on Oct 28, 2023 New Risk • Sep 14
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (20% increase in shares outstanding). Reported Earnings • Aug 26
Second quarter 2023 earnings released: EPS: CN¥0.074 (vs CN¥0.072 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.074 (up from CN¥0.072 in 2Q 2022). Revenue: CN¥34.5b (up 4.5% from 2Q 2022). Net income: CN¥775.1m (up 1.4% from 2Q 2022). Profit margin: 2.2% (down from 2.3% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.2% 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 37% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Price Target Changed • Jun 30
Price target increased by 11% to CN¥3.83 Up from CN¥3.45, the current price target is an average from 2 analysts. New target price is 33% above last closing price of CN¥2.89. Stock is down 11% over the past year. The company is forecast to post earnings per share of CN¥0.26 for next year compared to CN¥0.26 last year. Annuncio • May 27
Tongling Nonferrous Metals Group Co.,Ltd. Announces Final Dividend on A Shares for the Year 2022, Payable on June 2, 2023 Tongling Nonferrous Metals Group Co.,Ltd. announced final cash dividend/10 shares (tax included) of CNY 0.50000000 on A shares for the year 2022. Record date is June 1, 2023. Ex-date is June 2, 2023. Payment date is June 2, 2023. Major Estimate Revision • May 26
Consensus EPS estimates fall by 10% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from CN¥0.29 to CN¥0.26 per share. Revenue forecast steady at CN¥118.3b. Net income forecast to grow 5.4% next year vs 52% growth forecast for Metals and Mining industry in China. Consensus price target up from CN¥3.45 to CN¥3.65. Share price was steady at CN¥2.94 over the past week. Annuncio • May 11
Tongling Nonferrous Metals Group Co.,Ltd. Approves Final Cash Dividend for the Year 2022 Tongling Nonferrous Metals Group Co.,Ltd. at its AGM held on May 08, 2023, approved the profit distribution proposal of final cash dividend per ten shares (tax included) of CNY 0.50000000 for the year 2022. Reported Earnings • Apr 16
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: CN¥0.26 (down from CN¥0.29 in FY 2021). Revenue: CN¥121.8b (down 7.0% from FY 2021). Net income: CN¥2.73b (down 12% from FY 2021). Profit margin: 2.2% (down from 2.4% in FY 2021). Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) also surpassed analyst estimates by 18%. Revenue is forecast to stay flat 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 increased by 51% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Price Target Changed • Nov 28
Price target decreased to CN¥4.05 Down from CN¥5.84, the current price target is an average from 3 analysts. New target price is 41% above last closing price of CN¥2.88. Stock is down 17% over the past year. The company is forecast to post earnings per share of CN¥0.32 for next year compared to CN¥0.29 last year. 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. 7 non-independent directors. Independent Director Shu Kun Tang was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥2.90, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 14x in the Metals and Mining industry in China. Total returns to shareholders of 42% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥1.72 per share. Major Estimate Revision • Nov 03
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast fell from CN¥127.3b to CN¥122.2b. EPS estimate rose from CN¥0.34 to CN¥0.39. Net income forecast to grow 40% next year vs 55% growth forecast for Metals and Mining industry in China. Consensus price target down from CN¥5.84 to CN¥5.64. Share price was steady at CN¥2.63 over the past week. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: CN¥0.045 (vs CN¥0.11 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.045 (down from CN¥0.11 in 3Q 2021). Revenue: CN¥26.8b (down 18% from 3Q 2021). Net income: CN¥468.2m (down 59% from 3Q 2021). Profit margin: 1.7% (down from 3.5% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 1.2% 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 56% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 29
Second quarter 2022 earnings released: EPS: CN¥0.072 (vs CN¥0.09 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.072 (down from CN¥0.09 in 2Q 2021). Revenue: CN¥33.0b (down 8.7% from 2Q 2021). Net income: CN¥764.1m (down 19% from 2Q 2021). Profit margin: 2.3% (down from 2.6% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to stay flat 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 increased by 61% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Annuncio • May 14
Tongling Nonferrous Metals Group Co.,Ltd. Approves Cash Dividend for the Year 2021 Tongling Nonferrous Metals Group Co.,Ltd. at its AGM held on May 11, 2022, approved cash dividend of CNY 1.000 per 10 shares (tax included) for the year 2021. Reported Earnings • Apr 29
First quarter 2022 earnings: EPS and revenues exceed analyst expectations First quarter 2022 results: EPS: CN¥0.06 (up from CN¥0.036 in 1Q 2021). Revenue: CN¥29.0b (down 9.7% from 1Q 2021). Net income: CN¥628.5m (up 64% from 1Q 2021). Profit margin: 2.2% (up from 1.2% in 1Q 2021). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 16%. Earnings per share (EPS) also surpassed analyst estimates by 4.8%. Over the next year, revenue is expected to shrink by 9.7% compared to a 27% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 59% 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 29
Price target decreased to CN¥4.65 Down from CN¥5.87, the current price target is an average from 2 analysts. New target price is 33% above last closing price of CN¥3.50. Stock is up 23% over the past year. The company is forecast to post earnings per share of CN¥0.34 for next year compared to CN¥0.29 last year. 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 Director Lu Shi Yao was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Apr 22
Tongling Nonferrous Metals Group Co.,Ltd., Annual General Meeting, May 11, 2022 Tongling Nonferrous Metals Group Co.,Ltd., Annual General Meeting, May 11, 2022, at 14:30 China Standard Time. Agenda: To discuss the 2021 work report of the board of directors; to discuss the 2021 work report of the supervisory committee; to discuss the 2021 financial budget implementing results and 2022 financial budget arrangement; to discuss the 2021 profit distribution plan; to discuss the company's 2021 annual report and its summary; to consider the application for 2022 comprehensive credit line to financial institutions; to launch the 2022 foreign exchange fund transactions business; to discuss the 2022 reappointment of audit firm; and to consider other matters. Annuncio • Apr 21
Tongling Nonferrous Metals Group Co.,Ltd. Proposes Final Cash Dividend for 2021 Tongling Nonferrous Metals Group Co.,Ltd. announced on 20 April 2022 the profit distribution proposal of Final Cash dividend/10 shares of CNY 1.00000000 for 2021. Reported Earnings • Apr 17
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CN¥0.29 (up from CN¥0.08 in FY 2020). Revenue: CN¥131.0b (up 32% from FY 2020). Net income: CN¥3.10b (up 258% from FY 2020). Profit margin: 2.4% (up from 0.9% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 100%. Earnings per share (EPS) also missed analyst estimates by 100%. Over the next year, revenue is expected to shrink by 14% compared to a 38% growth forecast for the mining industry in China. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment deteriorated over the past week After last week's 18% share price decline to CN¥3.32, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 16x in the Metals and Mining industry in China. Total returns to shareholders of 29% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥2.49 per share. Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥3.89, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 18x in the Metals and Mining industry in China. Total returns to shareholders of 92% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥2.44 per share. Price Target Changed • Dec 08
Price target decreased to CN¥5.87 Down from CN¥6.41, the current price target is an average from 3 analysts. New target price is 60% above last closing price of CN¥3.66. Stock is up 46% over the past year. The company is forecast to post earnings per share of CN¥0.28 for next year compared to CN¥0.08 last year. Reported Earnings • Oct 26
Third quarter 2021 earnings released: EPS CN¥0.11 (vs CN¥0.034 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥32.6b (up 19% from 3Q 2020). Net income: CN¥1.13b (up 215% from 3Q 2020). Profit margin: 3.5% (up from 1.3% 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 37% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 18
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥4.57, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 18x in the Metals and Mining industry in China. Total returns to shareholders of 129% over the past three years. Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥3.88, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 18x in the Metals and Mining industry in China. Total returns to shareholders of 83% over the past three years. Annuncio • Sep 24
Tongling Nonferrous Metals Group Co.,Ltd. (SZSE:000630) agreed to acquire Huaining Jinning Logistics Co., Ltd. from Anhui Port Logistics Co., Ltd. for CNY 0.92 million. Tongling Nonferrous Metals Group Co.,Ltd. (SZSE:000630) agreed to acquire Huaining Jinning Logistics Co., Ltd. from Anhui Port Logistics Co., Ltd. on August 20, 2021. On September 3, 2021, after the expiration of the listing period, Tongling Nonferrous Metals Group Co.,Ltd. was confirmed to be the buyer. Tongling Nonferrous Metals Group Co.,Ltd. signed the property rights transaction contract to acquire Huaining Jinning Logistics Co., Ltd. from Anhui Port Logistics Co., Ltd. for CNY 0.92 million on September 18, 2021. On August 20, 2021, the 17th session of the 9th directorate of Tongling Nonferrous Metals Group Co.,Ltd. approved the transaction. Valuation Update With 7 Day Price Move • Sep 10
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥4.86, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 21x in the Metals and Mining industry in China. Total returns to shareholders of 138% over the past three years. Price Target Changed • Aug 24
Price target increased to CN¥4.00 Up from CN¥2.80, the current price target is an average from 2 analysts. New target price is 7.2% above last closing price of CN¥3.73. Stock is up 65% over the past year. Reported Earnings • Aug 22
Second quarter 2021 earnings released: EPS CN¥0.09 (vs CN¥0.031 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥36.1b (up 49% from 2Q 2020). Net income: CN¥937.9m (up 195% from 2Q 2020). Profit margin: 2.6% (up from 1.3% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 20% per year. Valuation Update With 7 Day Price Move • Jul 23
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥3.65, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 20x in the Metals and Mining industry in China. Total returns to shareholders of 70% over the past three years. Annuncio • May 25
Tongling Nonferrous Metals Group Co.,Ltd. Announces 2020 Final Profit Distribution Plan to Be Implemented (A Shares), Payable on 31 May 2021 Tongling Nonferrous Metals Group Co.,Ltd. announced 2020 final profit distribution plan to be implemented (A shares) of CNY 0.40000000 per 10 shares (tax included), with Record date: 28 May 2021; Ex-date: 31 May 2021; and Payment date: 31 May 2021. Valuation Update With 7 Day Price Move • May 10
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥3.31, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 18x in the Metals and Mining industry in China. Total returns to shareholders of 31% over the past three years. Reported Earnings • Apr 16
Full year 2020 earnings released: EPS CN¥0.08 (vs CN¥0.08 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: CN¥99.4b (up 7.0% from FY 2019). Net income: CN¥865.6m (up 1.3% from FY 2019). Profit margin: 0.9% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 4% per year. Annuncio • Feb 25
Tongling Nonferrous Metals Group Co.,Ltd. to Report Fiscal Year 2020 Results on Apr 15, 2021 Tongling Nonferrous Metals Group Co.,Ltd. announced that they will report fiscal year 2020 results on Apr 15, 2021 Is New 90 Day High Low • Feb 22
New 90-day high: CN¥3.04 The company is up 10.0% from its price of CN¥2.77 on 24 November 2020. The Chinese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. However, it 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¥0.35 per share. Valuation Update With 7 Day Price Move • Feb 22
Investor sentiment improved over the past week After last week's 25% share price gain to CN¥3.04, the stock is trading at a trailing P/E ratio of 36.2x, up from the previous P/E ratio of 29.1x. This compares to an average P/E of 34x in the Metals and Mining industry in China. Total returns to shareholders over the past three years are 11%. Reported Earnings • Oct 30
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥893.6m, up 20% from the prior year. Total revenue was CN¥94.9b over the last 12 months, up 2.1% from the prior year. Is New 90 Day High Low • Oct 27
New 90-day low: CN¥2.21 The company is down 2.0% from its price of CN¥2.26 on 29 July 2020. The Chinese market is flat over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Metals and Mining industry, which is down 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥1.31 per share. Annuncio • Aug 13
Tongling Nonferrous Metals Group Co.,Ltd. to Report First Half, 2020 Results on Aug 29, 2020 Tongling Nonferrous Metals Group Co.,Ltd. announced that they will report first half, 2020 results on Aug 29, 2020