New Risk • Apr 25
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 0.4% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (15% 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 (9.8% average weekly change). Reported Earnings • Apr 24
First quarter 2026 earnings released: EPS: CN¥0.10 (vs CN¥0.15 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.10 (down from CN¥0.15 in 1Q 2025). Revenue: CN¥813.6m (down 12% from 1Q 2025). Net income: CN¥157.6m (down 30% from 1Q 2025). Profit margin: 19% (down from 24% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 38% 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 13% per year but the company’s share price has increased by 59% per year, which means it is well ahead of earnings. Annuncio • Apr 24
Dazhong Mining Co., Ltd., Annual General Meeting, May 14, 2026 Dazhong Mining Co., Ltd., Annual General Meeting, May 14, 2026, at 14:30 China Standard Time. Location: No. 55, Huanghe Avenue, High-tech Zone, Baotou, Inner Mongolia China Annuncio • Mar 31
Dazhong Mining Co., Ltd. to Report Q1, 2026 Results on Apr 24, 2026 Dazhong Mining Co., Ltd. announced that they will report Q1, 2026 results on Apr 24, 2026 Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥33.10, the stock trades at a forward P/E ratio of 43x. Average forward P/E is 25x in the Metals and Mining industry in China. Total returns to shareholders of 171% over the past three years. Valuation Update With 7 Day Price Move • Jan 23
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to CN¥33.15, the stock trades at a forward P/E ratio of 43x. Average forward P/E is 25x in the Metals and Mining industry in China. Total returns to shareholders of 166% over the past three years. Annuncio • Dec 31
Dazhong Mining Co., Ltd. to Report Fiscal Year 2025 Results on Apr 24, 2026 Dazhong Mining Co., Ltd. announced that they will report fiscal year 2025 results on Apr 24, 2026 Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥31.13, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 20x in the Metals and Mining industry in China. Total returns to shareholders of 143% over the past three years. Valuation Update With 7 Day Price Move • Dec 05
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥25.38, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 20x in the Metals and Mining industry in China. Total returns to shareholders of 71% over the past three years. New Risk • Nov 06
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 7.7% 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 (16% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (7.7% average weekly change). Valuation Update With 7 Day Price Move • Oct 31
Investor sentiment improves as stock rises 33% After last week's 33% share price gain to CN¥19.50, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 21x in the Metals and Mining industry in China. Total returns to shareholders of 48% over the past three years. Reported Earnings • Oct 25
Third quarter 2025 earnings released: EPS: CN¥0.12 (vs CN¥0.13 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.12 (down from CN¥0.13 in 3Q 2024). Revenue: CN¥1.05b (up 4.9% from 3Q 2024). Net income: CN¥188.3m (down 6.9% from 3Q 2024). Profit margin: 18% (down from 20% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 29% 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 12% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Annuncio • Sep 30
Dazhong Mining Co., Ltd. to Report Q3, 2025 Results on Oct 25, 2025 Dazhong Mining Co., Ltd. announced that they will report Q3, 2025 results on Oct 25, 2025 New Risk • Aug 21
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 18% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. 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. Profit margins are more than 30% lower than last year (18% net profit margin). Reported Earnings • Aug 21
Second quarter 2025 earnings released: EPS: CN¥0.12 (vs CN¥0.15 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.12 (down from CN¥0.15 in 2Q 2024). Revenue: CN¥1.05b (flat on 2Q 2024). Net income: CN¥180.8m (down 18% from 2Q 2024). Profit margin: 17% (down from 21% in 2Q 2024). Revenue is forecast to grow 17% 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 14% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jul 14
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥11.10, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 17x in the Metals and Mining industry in China. Total returns to shareholders of 6.5% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥5.10 per share. Annuncio • Jul 02
Dazhong Mining Co., Ltd. to Report First Half, 2025 Results on Aug 21, 2025 Dazhong Mining Co., Ltd. announced that they will report first half, 2025 results on Aug 21, 2025 Annuncio • May 13
Dazhong Mining Co., Ltd. Approves Final Cash Dividend for the Year 2024 Dazhong Mining Co., Ltd. at the AGM held on May 9, 2025 approved final Cash dividend/10 shares (tax included) of CNY 2.00000000 for the year 2024. Major Estimate Revision • Apr 26
Consensus revenue estimates fall by 17% The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥5.08b to CN¥4.20b. EPS estimate fell from CN¥0.77 to CN¥0.54 per share. Net income forecast to grow 23% next year vs 43% growth forecast for Metals and Mining industry in China. Consensus price target down from CN¥13.00 to CN¥11.00. Share price rose 4.1% to CN¥8.41 over the past week. New Risk • Apr 22
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: 19% Last year net profit margin: 28% 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 High level of debt (99% net debt to equity). Dividend is not well covered by cash flows (226% cash payout ratio). Profit margins are more than 30% lower than last year (19% net profit margin). Reported Earnings • Apr 22
First quarter 2025 earnings released: EPS: CN¥0.15 (vs CN¥0.16 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.15 (down from CN¥0.16 in 1Q 2024). Revenue: CN¥925.3m (flat on 1Q 2024). Net income: CN¥224.8m (down 7.0% from 1Q 2024). Profit margin: 24% (down from 26% in 1Q 2024). Revenue is forecast to grow 30% 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 18% 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. Annuncio • Apr 22
Dazhong Mining Co., Ltd. Proposes Final Cash Dividend for the Year 2024 Dazhong Mining Co., Ltd. proposed final cash dividend of CNY 2.00000000 per 10 shares (tax included) for the year 2024. Annuncio • Apr 20
Dazhong Mining Co., Ltd., Annual General Meeting, May 09, 2025 Dazhong Mining Co., Ltd., Annual General Meeting, May 09, 2025, at 14:30 China Standard Time. Location: 19F, No. 55, Huanghe Street, High-tech Zone, Baotou, Inner Mongolia China Annuncio • Mar 31
Dazhong Mining Co., Ltd. to Report Q1, 2025 Results on Apr 19, 2025 Dazhong Mining Co., Ltd. announced that they will report Q1, 2025 results on Apr 19, 2025 Annuncio • Dec 31
Dazhong Mining Co., Ltd. to Report Fiscal Year 2024 Results on Apr 19, 2025 Dazhong Mining Co., Ltd. announced that they will report fiscal year 2024 results on Apr 19, 2025 Valuation Update With 7 Day Price Move • Nov 13
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥10.36, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 15x in the Metals and Mining industry in China. Total loss to shareholders of 28% over the past three years. Reported Earnings • Oct 26
Third quarter 2024 earnings released: EPS: CN¥0.13 (vs CN¥0.21 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.13 (down from CN¥0.21 in 3Q 2023). Revenue: CN¥1.00b (down 4.0% from 3Q 2023). Net income: CN¥202.3m (down 38% from 3Q 2023). Profit margin: 20% (down from 31% in 3Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 19% 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 21% per year whereas the company’s share price has fallen by 17% per year. Annuncio • Oct 24
Dazhong Mining Co., Ltd. Announces Interim Profit Distribution Plan (A Shares) for 2024, Payable on 29 October 2024 Dazhong Mining Co., Ltd. announced 2024 interim profit distribution plan to be implemented (A shares): Cash dividend per 10 shares (tax included): CNY 1.00000000. Record date: 28 October 2024; Ex-date: 29 October 2024; Payment date: 29 October 2024. Annuncio • Sep 30
Dazhong Mining Co., Ltd. to Report Q3, 2024 Results on Oct 26, 2024 Dazhong Mining Co., Ltd. announced that they will report Q3, 2024 results on Oct 26, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to CN¥9.27, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 14x in the Metals and Mining industry in China. Total loss to shareholders of 44% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥5.12 per share. Annuncio • Sep 11
Dazhong Mining Co., Ltd. Approves Interim Cash Dividend for the 2024 Dazhong Mining Co., Ltd. at its EGM held on September 9, 2024 approved interim cash dividend of CNY 1.00000000 per 10 shares (tax included) for the 2024. Reported Earnings • Aug 26
Second quarter 2024 earnings released: EPS: CN¥0.15 (vs CN¥0.21 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.15 (down from CN¥0.21 in 2Q 2023). Revenue: CN¥1.05b (down 8.4% from 2Q 2023). Net income: CN¥220.9m (down 27% from 2Q 2023). Profit margin: 21% (down from 26% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 19% 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 21% per year but the company’s share price has fallen by 29% per year, which means it is performing significantly worse than earnings. Board Change • Jul 26
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Xiu Chen was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Annuncio • Jun 29
Inner Mongolia Dazhong Mining Co., Ltd. to Report First Half, 2024 Results on Aug 24, 2024 Inner Mongolia Dazhong Mining Co., Ltd. announced that they will report first half, 2024 results on Aug 24, 2024 Annuncio • Mar 30
Inner Mongolia Dazhong Mining Co., Ltd. to Report Q1, 2024 Results on Apr 24, 2024 Inner Mongolia Dazhong Mining Co., Ltd. announced that they will report Q1, 2024 results on Apr 24, 2024 Annuncio • Mar 19
Inner Mongolia Dazhong Mining Co., Ltd., Annual General Meeting, Apr 08, 2024 Inner Mongolia Dazhong Mining Co., Ltd., Annual General Meeting, Apr 08, 2024, at 14:30 China Standard Time. Location: 19F, No. 55, Huanghe Avenue, High-tech Zone, Baotou, Inner Mongolia China Reported Earnings • Mar 19
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: CN¥0.76 (up from CN¥0.65 in FY 2022). Revenue: CN¥4.00b (down 1.4% from FY 2022). Net income: CN¥1.14b (up 17% from FY 2022). Profit margin: 28% (up from 24% in FY 2022). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 6.3%. Earnings per share (EPS) also surpassed analyst estimates by 5.6%. 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. Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥8.18, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 11x in the Metals and Mining industry in China. Total loss to shareholders of 37% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥4.83 per share. Annuncio • Dec 29
Inner Mongolia Dazhong Mining Co., Ltd. to Report Fiscal Year 2023 Results on Mar 19, 2024 Inner Mongolia Dazhong Mining Co., Ltd. announced that they will report fiscal year 2023 results on Mar 19, 2024 New Risk • Oct 31
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 19% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Minor Risk Dividend is not well covered by cash flows (201% cash payout ratio). Reported Earnings • Oct 20
Third quarter 2023 earnings released: EPS: CN¥0.21 (vs CN¥0.12 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.21 (up from CN¥0.12 in 3Q 2022). Revenue: CN¥1.05b (up 5.1% from 3Q 2022). Net income: CN¥324.3m (up 81% from 3Q 2022). Profit margin: 31% (up from 18% in 3Q 2022). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 41% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Metals and Mining industry in China. Board Change • Sep 22
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Lixiang Wang was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Aug 14
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 16% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (16% operating cash flow to total debt). Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • Aug 14
Second quarter 2023 earnings released: EPS: CN¥0.21 (vs CN¥0.20 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.21 (up from CN¥0.20 in 2Q 2022). Revenue: CN¥1.15b (down 16% from 2Q 2022). Net income: CN¥310.8m (up 1.5% from 2Q 2022). Profit margin: 27% (up from 22% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 41% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Metals and Mining industry in China. Annuncio • May 10
Inner Mongolia Dazhong Mining Co., Ltd. Announces Final Dividend on A Shares for the Year 2022, Payable on May 16, 2023 Inner Mongolia Dazhong Mining Co., Ltd. announced final cash dividend/10 shares (tax included) of CNY 3.00000000 on A shares for the year 2022. Record date is May 15, 2023. Ex-date is May 16, 2023. Payment date is May 16, 2023. Reported Earnings • Apr 13
First quarter 2023 earnings released: EPS: CN¥0.13 (vs CN¥0.30 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.13 (down from CN¥0.30 in 1Q 2022). Revenue: CN¥640.5m (down 51% from 1Q 2022). Net income: CN¥193.7m (down 57% from 1Q 2022). Profit margin: 30% (down from 34% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Metals and Mining industry in China. Valuation Update With 7 Day Price Move • Nov 04
Investor sentiment improved over the past week After last week's 22% share price gain to CN¥13.99, the stock trades at a trailing P/E ratio of 18.7x. Average trailing P/E is 29x in the Metals and Mining industry in China. Total loss to shareholders of 3.6% over the past year. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: CN¥0.12 (vs CN¥0.35 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.12 (down from CN¥0.35 in 3Q 2021). Revenue: CN¥995.5m (down 35% from 3Q 2021). Net income: CN¥179.6m (down 66% from 3Q 2021). Profit margin: 18% (down from 35% in 3Q 2021). The decrease in margin was driven by lower revenue. Valuation Update With 7 Day Price Move • Oct 21
Investor sentiment improved over the past week After last week's 22% share price gain to CN¥12.12, the stock trades at a trailing P/E ratio of 12.3x. Average trailing P/E is 28x in the Metals and Mining industry in China. Total loss to shareholders of 29% over the past year. Board Change • Apr 27
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 2 experienced directors. No highly experienced directors. Non Employee Supervisor Mingming Wang is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Sep 15
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 2 experienced directors. No highly experienced directors. Non Employee Supervisor Mingming Wang is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Sep 14
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 2 experienced directors. No highly experienced directors. Non Employee Supervisor Mingming Wang is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Sep 12
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 2 experienced directors. No highly experienced directors. Non Employee Supervisor Mingming Wang is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. 
