Upcoming Dividend • Jul 01
Upcoming dividend of HK$0.06 per share Eligible shareholders must have bought the stock before 08 July 2026. Payment date: 23 July 2026. Payout ratio is on the higher end at 97%, and the cash payout ratio is above 100%. Trailing yield: 5.6%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (1.5%). Declared Dividend • May 20
Final dividend of HK$0.06 announced Shareholders will receive a dividend of HK$0.06. Ex-date: 8th July 2026 Payment date: 23rd July 2026 Dividend yield will be 25%, which is higher than the industry average of 4.8%. Sustainability & Growth Dividend is not adequately covered by earnings (97% earnings payout ratio) nor is it covered by cash flows (109% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 7.3% to bring the payout ratio under control. EPS is expected to grow by 69% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Non-Executive Director Zeping Li was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Mar 27
Shougang Fushan Resources Group Limited, Annual General Meeting, Jun 25, 2026 Shougang Fushan Resources Group Limited, Annual General Meeting, Jun 25, 2026. Annuncio • Mar 16
Shougang Fushan Resources Group Limited to Report Fiscal Year 2025 Results on Mar 26, 2026 Shougang Fushan Resources Group Limited announced that they will report fiscal year 2025 results on Mar 26, 2026 Annuncio • Feb 16
Shougang Fushan Resources Group Limited Provides Earning Guidance for the Year Ended 31 December 2025 Shougang Fushan Resources Group Limited provided earning guidance for the year ended 31 December 2025. For the period, the Group expected to record a consolidated profit attributable to owners of the Company within the range of approximately HKD 600 million to HKD 700 million for the Relevant Year, as compared with that of approximately HKD 1,494 million for the year ended 31 December 2024, representing a year-on-year decrease of approximately 60% to 53%. This decrease was primarily attributable to a year-on-year decrease of approximately 36% in the average realized selling prices of the Group's products, clean coking coal, during the Relevant Year. The decline in selling prices was primarily due to a looser supply-demand dynamic in the domestic coal market during 2025, which led to weak coal prices and a significant year-on-year decrease of approximately 30% in the market price of the Group's products, clean coking coal, thereby dragging down the Group's realized selling prices. Additionally, as disclosed in the 2025 interim report of the Company, the Group fully transitioned to mining lower coal seams since July 2024, resulting in changes in coal qualities, higher-priced low-sulfur clean coking coal had ceased production, which has further impacted the overall realized selling prices of the Group's products, clean coking coal, in the Relevant Year. Annuncio • Aug 18
Shougang Fushan Resources Group Limited to Report First Half, 2025 Results on Aug 28, 2025 Shougang Fushan Resources Group Limited announced that they will report first half, 2025 results on Aug 28, 2025 Annuncio • Jul 03
Shougang Fushan Resources Group Limited Appoints Chang Cun as A Member of the Nomination Committee, Effective July 1, 2025 The board of directors of Shougang Fushan Resources Group Limited announced that Ms. Chang Cun ("Ms. Chang"), a non-executive director of the Company, will be appointed as a member of the Nomination Committee of the Company ("Nomination Committee") with effect from 1 July 2025. Annuncio • Mar 28
Shougang Fushan Resources Group Limited, Annual General Meeting, Jun 30, 2025 Shougang Fushan Resources Group Limited, Annual General Meeting, Jun 30, 2025. Annuncio • Mar 17
Shougang Fushan Resources Group Limited to Report Fiscal Year 2024 Results on Mar 27, 2025 Shougang Fushan Resources Group Limited announced that they will report fiscal year 2024 results on Mar 27, 2025 New Risk • Oct 20
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 4.8% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (9.9% average weekly change). Shareholders have been diluted in the past year (3.3% increase in shares outstanding). Upcoming Dividend • Sep 26
Upcoming dividend of HK$0.09 per share Eligible shareholders must have bought the stock before 03 October 2024. Payment date: 07 November 2024. Payout ratio is on the higher end at 90%, however this is supported by cash flows. Trailing yield: 11%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (4.0%). Annuncio • Sep 24
Shougang Fushan Resources Group Limited Appoints Li Zeping as Independent Non-Executive Director, Member of the Nomination and Remuneration Committee and Change in Composition of Board Committees The board of directors of Shougang Fushan Resources Group Limited announced that Mr. Li Zeping (‘Mr. Li’) has been appointed as an independent non-executive director of the Company, a member of the nomination committee of the Company (the ‘Nomination Committee’) and a member of the remuneration committee of the Company (the ‘Remuneration Committee’) with effect from 24 September 2024. Mr. Li, aged 63, holds a Master of Science degree in Applied Accounting and Finance from Hong Kong Baptist University. Mr. Li has held positions at institutions such as the Bank of China Head Office's Oriental Trust and Investment Company (now Bank of China's investment management department). He later served in several senior management roles at China Orient Asset Management Co., Limited (then known as China Orient Asset Management Company), including deputy general manager of the headquarters investment management department and the Nanjing office (now known as the Jiangsu Branch), where he was responsible for supervision and management, human resources management, investment management, and asset disposal review, etc. Additionally, he later also served as a director at Golden Credit Rating International Co. Ltd., chairman of the supervisory board at China National Foreign Trade Financial & Leasing Co. Ltd., chief supervisor at Bangxin Asset Management Co. Ltd., and served again at China Orient Asset Management Co., Limited as supervisor (general manager level) of the Comprehensive Planning and Strategic Coordination Department. Mr. Li has organized the engagement of accounting firms to conduct audits and due diligence on regulatory bodies' board of directors, senior management and risk management, accumulating extensive experience of over 10 years in financial asset management and corporate governance. He has demonstrated exceptional expertise in supervising the performance of boards and senior management. Mr. Li has not held any directorships in any listed public companies in Hong Kong or overseas in the 3 years prior to the date of this announcement, and does not have any other major appointments or professional qualifications. As at the date of this announcement, Mr. Li: does not have any interests or is not deemed to have any interests or short positions in any shares, underlying shares or debentures of the Company or its associated corporations within the meaning of Part XV of the Securities and Future Ordinance; does not hold any position with the Company or any of its subsidiaries; does not have any relationship with any directors, senior management, substantial shareholders (as defined under the Listing Rules) or controlling shareholders (as defined under the Listing Rules) of the Company; and save as disclosed above, has no other information that should be disclosed pursuant to Rule 13.51(2)(h) to (v) of the Listing Rules, and the Company is not aware of any other matters that need to be brought to the attention of the Shareholders in relation to the appointment. Change in the composition of board committees: The Board further announced that, with effect from 24 September 2024, Mr. Li is appointed as a member of each of the Nomination Committee and Remuneration Committee. After Mr. Li's appointment becomes effective: The Nomination Committee is composed of five Directors, namely Mr. Ding Rucai (chairman of the Nomination Committee), Mr. Shi Yubao, Mr. Choi Wai Yin, Mr. Chen Jianxiong and Mr. Li. The Remuneration Committee is composed of four Directors, namely Mr. Shi Yubao (chairman of the Remuneration Committee), Mr. Choi Wai Yin, Mr. Chen Jianxiong and Mr. Li. Buy Or Sell Opportunity • Sep 20
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 22% to €0.30. The fair value is estimated to be €0.38, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.1% over the last 3 years. Earnings per share has declined by 6.4%. Revenue is forecast to grow by 4.1% in 2 years. Earnings are forecast to decline by 5.4% in the next 2 years. Declared Dividend • Sep 02
First half dividend of HK$0.09 announced Shareholders will receive a dividend of HK$0.09. Ex-date: 3rd October 2024 Payment date: 7th November 2024 Dividend yield will be 37%, which is higher than the industry average of 4.8%. Sustainability & Growth Dividend is covered by both earnings (60% earnings payout ratio) and cash flows (34% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 9.5% over the next 3 years. However, it would need to fall by 34% to increase the payout ratio to a potentially unsustainable range. Annuncio • Aug 20
Shougang Fushan Resources Group Limited to Report First Half, 2024 Results on Aug 29, 2024 Shougang Fushan Resources Group Limited announced that they will report first half, 2024 results on Aug 29, 2024 Buy Or Sell Opportunity • Aug 15
Now 25% undervalued after recent price drop Over the last 90 days, the stock has fallen 17% to €0.31. The fair value is estimated to be €0.41, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 17%. For the next 3 years, revenue is forecast to decline by 3.4% per annum. Earnings are also forecast to decline by 6.8% per annum over the same time period. New Risk • Aug 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.6% 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: Major Risk Earnings are forecast to decline by an average of 6.8% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.6% average weekly change). Annuncio • Jul 12
Shougang Fushan Resources Group Limited Announces Executive Changes Shougang Fushan Resources Group Limited announces that Mr. Wong Keith Shing Cheung ("Mr. Wong") has resigned as the company secretary of the Company (the "Company Secretary") and has ceased to be an authorised representative of the Company (the "Authorised Representative") under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited due to his personal career development in other aspects with effect from 11 July 2024. The Board announced that Ms. Kong Ling Yan ("Ms. Kong") has been appointed as the Company Secretary and the Authorised Representative with effect from 11 July 2024. Ms. Kong, admitted as a solicitor in Hong Kong, holds a Master's degree in CorporateGovernance, a Bachelor's degree in Law, a Bachelor's degree in Economics and the Postgraduate Certificate in Laws (PCLL). She is also a member of the Law Society of Hong Kong, a fellow member of the Hong Kong Chartered Governance Institute, and a fellow member of the Chartered Governance Institute. Ms. Kong has extensive experience in corporate and commercial legal matters, regulatory compliance for Hong Kong listed companies, corporate governance, as well as company secretarial matters. She previously served as the company secretary of the Company, thus possessing a relative understanding of the Company's operations. Annuncio • May 31
Shougang Fushan Resources Group Limited Announces Board and Committee Changes The Board of Shougang Fushan Resources Group Limited announced that Mr. Japhet Sebastian Law ("Mr. Law"), an Independent Non-executive Director, retired by rotation at the Annual General Meeting held on 30 May 2024 and did not offer himself for re-election as he wishes to devote more time to other business activities. As a result, he ceased to be an Independent Non-executive Director, a member of the Audit Committee, a member of the Nomination Committee and the chairman of the Remuneration Committee upon the conclusion of the Annual General Meeting. The Board also announces that Mr. Shi Yubao ("Mr. Shi"), an Independent Non-executive Director, has been appointed as a member of the Audit Committee, a member of the Nomination Committee and the chairman of the Remuneration Committee with effect from 30 May 2024 respectively. Mr. Shi Yubao, aged 70, was appointed Non-executive Director in September 2019, and was re- designated as Independent Non-executive Director in March 2024. Mr. Shi is a senior economist and a senior political affairs specialist. He graduated from Chongqing University with a master degree in business administration. Mr. Shi has extensive experience in the fields of corporate management, strategic planning and economic. Previously, Mr. Shi held various senior positions in Chongqing Changan Industry (Group) Co. Ltd. including the chairman of its board of directors, chairman of its labour union, general manager, etc. In addition, he served as the factory director of the automobile manufacturing plants of Changan Automobile (Group) Company Limited, the chairman of the board of directors of Chongqing Changan Real Estate Development Co. Ltd. and Changan Minsheng APLL Logistics Co. Ltd., a company listed in Hong Kong, respectively, and the chairman of supervisory committee of Chongqing Changan Automobile Co. Ltd., a company listed in Shenzhen. Mr. Shi also served as the external director of Shougang Group Co. Ltd. Mr. Shi was a member of the 14th and 15th executive committee of China National General Labour Union, a member of the 2nd and 3rd labour union committee of Chongqing General Labour Union and a member of the expert group jury panel of Chongqing Enterprise Management Excellence Evaluation Committee. Currently, he is the independent director of Chengdu Haoneng Technology Co. Ltd., a company listed on the Shanghai Stock Exchange. Upcoming Dividend • May 31
Upcoming dividend of HK$0.18 per share Eligible shareholders must have bought the stock before 07 June 2024. Payment date: 26 July 2024. Payout ratio is a comfortable 74% and this is well supported by cash flows. Trailing yield: 8.0%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (3.7%). Reported Earnings • Apr 29
Full year 2023 earnings released: EPS: HK$0.38 (vs HK$0.54 in FY 2022) Full year 2023 results: EPS: HK$0.38 (down from HK$0.54 in FY 2022). Revenue: HK$5.89b (down 28% from FY 2022). Net income: HK$1.89b (down 30% from FY 2022). Profit margin: 32% (down from 33% in FY 2022). The decrease in margin was driven by lower revenue. Production and reserves: Coal Production: 8.5 Mt (8.48 Mt in FY 2022) Number of mines: 3 (3 in FY 2022) Revenue is expected to decline by 3.4% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Europe are expected to grow by 1.5%. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 19% per year. New Risk • Apr 02
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 2.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 2.3% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Declared Dividend • Mar 29
Final dividend of HK$0.18 announced Shareholders will receive a dividend of HK$0.18. Ex-date: 7th June 2024 Payment date: 26th July 2024 Dividend yield will be 62%, which is higher than the industry average of 4.8%. Sustainability & Growth Dividend is covered by both earnings (74% earnings payout ratio) and cash flows (32% cash payout ratio). The dividend has increased by an average of 6.4% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 2.0% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annuncio • Mar 28
Shougang Fushan Resources Group Limited, Annual General Meeting, May 30, 2024 Shougang Fushan Resources Group Limited, Annual General Meeting, May 30, 2024. Reported Earnings • Mar 28
Full year 2023 earnings released: EPS: HK$0.38 (vs HK$0.54 in FY 2022) Full year 2023 results: EPS: HK$0.38 (down from HK$0.54 in FY 2022). Revenue: HK$5.89b (down 28% from FY 2022). Net income: HK$1.89b (down 30% from FY 2022). Profit margin: 32% (down from 33% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.4% p.a. on average during the next 2 years, while revenues in the Metals and Mining industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 16% per year. Annuncio • Mar 27
Shougang Fushan Resources Group Limited Proposes Final Dividend for the Year Ended 31 December 2023, Payable on 26 July 2024 Shougang Fushan Resources Group Limited proposed final dividend of HKD 0.18 per share for the year ended 31 December 2023 at its annual general meeting to be held on 30 May 2024. Ex-dividend date is 07 June 2024. Record date is 11 June 2024. Payment date is 26 July 2024. Annuncio • Mar 16
Shougang Fushan Resources Group Limited to Report Fiscal Year 2023 Results on Mar 27, 2024 Shougang Fushan Resources Group Limited announced that they will report fiscal year 2023 results on Mar 27, 2024 Annuncio • Mar 13
Shougang Fushan Resources Group Limited Announces Board Changes The board of directors (the "Board") of Shougang Fushan Resources Group Limited announced that Ms. Chang Cun, non- executive director of the Company, has been appointed as a member of the audit committee of the Company (the "Audit Committee") with effect from 13 March 2024. Ms. Chang Cun, aged 45, was appointed non-executive director of the Company in July 2018. Ms. Chang is a certified public accountant in China and a certified internal auditor. She holds a bachelor degree in economics from Beijing Institute of Business and a master degree in management from Beijing Technology and Business University. Ms. Chang has extensive experience in accounting, auditing, financial and insurance businesses. Previously, Ms. Chang held various positions in Funde Sino Life Insurance Co. Ltd., a substantial shareholder of the Company. Currently, she is the director, deputy general manager and chief auditor of Funde Insurance Holdings Co., Ltd, the director and chief auditor of Funde Sino Life Insurance Co. Ltd., the chief auditor of Sino Life AMC, and also the chief supervisor of The National Trust Co. Ltd. respectively. Following the appointment of Ms. Chang Cun as a member of the Audit Committee, the Company has complied with the requirement of Rule 3.21 of the Listing Rules. The Board announced that Mr. Shi Yubao, a non-executive director of the Company, has been re-designated as an independent non-executive director of the Company with effect from 13 March 2024. Mr. Shi Yubao, aged 70, was appointed non-executive director of the Company in September 2019. Mr. Shi is a senior economist and a senior political affairs specialist. He graduated from Chongqing University with a master degree in business administration. Mr. Shi has extensive experience in the fields of corporate management, strategic planning and economic. Previously, Mr. Shi held various senior positions in Chongqing Changan Industry (Group) Co. Ltd. including the chairman of its board of directors, chairman of its labour union, general manager, etc. In addition, he served as the factory director of the automobile manufacturing plants of Changan Automobile (Group) Company Limited, the chairman of the board of directors of Chongqing Changan Real Estate Development Co. Ltd. and Changan Minsheng APLL Logistics Co. Ltd., a company listed in Hong Kong, respectively, and the chairman of supervisory committee of Chongqing Changan Automobile Co. Ltd., a company listed in Shenzhen. Mr. Shi also served as the external director of Shougang Group Co. Ltd. ("Shougang Group") from February 2015 to May 2019. Mr. Shi was a member of the 14th and 15th executive committee of China National General Labour Union, a member of the 2nd and 3rd labour union committee of Chongqing General Labour Union and a member of the expert group jury panel of Chongqing Enterprise Management Excellence Evaluation Committee. Currently, he is the independent director of Chengdu Haoneng Technology Co. Ltd., a company listed on the Shanghai Stock Exchange. Annuncio • Jan 12
Shougang Fushan Resources Group Limited Announces Demise of Mr. Shen Zongbin, Independent Non-Executive Director of the Company and A Member of Each of the Audit Committee, Nomination Committee and Remuneration Committee The board of directors of Shougang Fushan Resources Group Limited is deeply saddened to learn that Mr. Shen Zongbin (Mr. Shen), an independent non-executive director of the Company and a member of each of the audit committee, nomination committee and remuneration committee of the Company, has passed away recently. Following the passing away of Mr. Shen, the number of members of the audit committee of the Company is temporarily below the minimum number as required under Rule 3.21 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited. The Company will identify suitable candidate to fill the vacancy of a member of the audit committee of the Company in order to fulfill the aforesaid requirement under Rule 3.21 of the Listing Rules as soon as practicable and will use its best endeavor to meet the time period set forth in Rule 3.23 of the Listing Rules. Further announcement will be made by the Company upon fulfillment of the aforesaid requirements. Upcoming Dividend • Sep 21
Upcoming dividend of HK$0.10 per share at 14% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 09 November 2023. Payout ratio is on the higher end at 82%, however this is supported by cash flows. Trailing yield: 14%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (8.5%). Reported Earnings • Sep 01
First half 2023 earnings released: EPS: HK$0.24 (vs HK$0.32 in 1H 2022) First half 2023 results: EPS: HK$0.24 (down from HK$0.32 in 1H 2022). Revenue: HK$3.44b (down 26% from 1H 2022). Net income: HK$1.23b (down 23% from 1H 2022). Profit margin: 36% (up from 35% in 1H 2022). The increase in margin was driven by lower expenses. Revenue is forecast to decline by 5.5% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 36% 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 01
Shougang Fushan Resources Group Limited Announces an Interim Dividend for the Six Months Ended 30 June 2023, Payable on 9 November 2023 Shougang Fushan Resources Group Limited announced an interim dividend of HKD 0.1 per share for the six months ended 30 June 2023. Ex-dividend date is 28 September 2023, Record date is 29 September 2023 and Payment date is 9 November 2023. Annuncio • Aug 19
Shougang Fushan Resources Group Limited to Report Q2, 2023 Results on Aug 30, 2023 Shougang Fushan Resources Group Limited announced that they will report Q2, 2023 results on Aug 30, 2023 New Risk • Aug 15
New major risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 9.1% 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 Earnings are forecast to decline by an average of 19% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (9.1% average weekly change). New Risk • Jun 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.3% 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 Earnings are forecast to decline by an average of 8.3% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.3% average weekly change). Upcoming Dividend • Jun 02
Upcoming dividend of HK$0.28 per share at 18% yield Eligible shareholders must have bought the stock before 09 June 2023. Payment date: 28 July 2023. Payout ratio is on the higher end at 80%, however this is supported by cash flows. Trailing yield: 18%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (9.2%). Annuncio • Jun 01
Shougang Fushan Resources Group Limited Announces the Retirement of Liu Qingshan as Executive Director, Deputy Managing Director of the Company and A Member of the Executive Committee The Board of Shougang Fushan Resources Group Limited also announced that Mr. Liu Qingshan (Mr. Liu), an Executive Director, retired by rotation at the Annual General Meeting and did not offer himself for re-election as he wishes to devote more time to the project development of the Group. As a result, he ceased to be an Executive Director, deputy managing director of the Company and a member of the Executive Committee upon the conclusion of the Annual General Meeting. Mr. Liu will continue to serve within the Group. Reported Earnings • May 03
Full year 2022 earnings released: EPS: HK$0.54 (vs HK$0.50 in FY 2021) Full year 2022 results: EPS: HK$0.54 (up from HK$0.50 in FY 2021). Revenue: HK$8.21b (up 16% from FY 2021). Net income: HK$2.72b (up 7.0% from FY 2021). Profit margin: 33% (down from 36% in FY 2021). The decrease in margin was driven by higher expenses. Production and reserves: Coal Production: 8.48 Mt (8.37 Mt in FY 2021) Number of mines: 3 (3 in FY 2021) Revenue is expected to fall by 6.6% p.a. on average during the next 3 years compared to a 1.2% decline forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 24
Full year 2022 earnings released: EPS: HK$0.54 (vs HK$0.50 in FY 2021) Full year 2022 results: EPS: HK$0.54 (up from HK$0.50 in FY 2021). Revenue: HK$8.21b (up 16% from FY 2021). Net income: HK$2.72b (up 7.0% from FY 2021). Profit margin: 33% (down from 36% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is expected to fall by 11% p.a. on average during the next 2 years compared to a 1.4% decline forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. 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 Non-Executive Director Zongbin Shen 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. Upcoming Dividend • Sep 22
Upcoming dividend of HK$0.15 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 04 November 2022. Payout ratio is a comfortable 68% and this is well supported by cash flows. Trailing yield: 18%. Within top quartile of German dividend payers (5.1%). Higher than average of industry peers (10%). Recent Insider Transactions • Sep 06
Deputy MD & Executive Director recently bought €160k worth of stock On the 2nd of September, Zhaoqiang Chen bought around 500k shares on-market at roughly €0.32 per share. This transaction amounted to 82% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €389k more in shares than they have sold in the last 12 months. Reported Earnings • Sep 01
First half 2022 earnings released: EPS: HK$0.32 (vs HK$0.13 in 1H 2021) First half 2022 results: EPS: HK$0.32 (up from HK$0.13 in 1H 2021). Revenue: HK$4.66b (up 91% from 1H 2021). Net income: HK$1.61b (up 139% from 1H 2021). Profit margin: 35% (up from 28% in 1H 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 24% compared to a 4.5% growth forecast for the Metals and Mining industry in Germany. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Annuncio • Aug 31
Shougang Fushan Resources Group Limited Announces Interim Dividend for the Six Months Ended 30 June 2022, Payable on 04 November 2022 Shougang Fushan Resources Group Limited announced interim dividend of HKD 0.15 per share for the six months ended 30 June 2022. Scheduled dates are as follows: Ex-dividend date 29 September 2022, Record date 30 September 2022 and Payment date 04 November 2022. Annuncio • Aug 19
Shougang Fushan Resources Group Limited to Report First Half, 2022 Results on Aug 30, 2022 Shougang Fushan Resources Group Limited announced that they will report first half, 2022 results on Aug 30, 2022 Annuncio • Jul 23
Shougang Fushan Resources Group Limited Provides Consolidated Earnings Guidance for the Six Months Ended 30 June 2022 Shougang Fushan Resources Group Limited provided consolidated earnings guidance for the six months ended 30 June 2022 . The profit attributable to owners of the company for the six months ended 30 June 2022 is expected to be not less than HKD 1.5 billion representing a year-on-year ("YoY") significant increase of at least 124% compared to that of approximately HKD 0.67 billion for the six months ended 30 June 2021. Upcoming Dividend • Jul 01
Upcoming dividend of HK$0.32 per share Eligible shareholders must have bought the stock before 08 July 2022. Payment date: 29 July 2022. Payout ratio is on the higher end at 80%, however this is supported by cash flows. Trailing yield: 12%. Within top quartile of German dividend payers (4.5%). Higher than average of industry peers (9.1%). Annuncio • May 10
Shougang Fushan Resources Group Limited Announces Management Changes Shougang Fushan Resources Group Limited announced that Ms. Kong Ling Yan ("Ms. Kong") has resigned as the company secretary of the Company and will cease to be an authorised representative of the Company under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Stock Exchange") due to her personal career development in other aspects with effect from 9 May 2022. The Board announced that Mr. Wong Keith Shing Cheung ("Mr. Wong") has been appointed as the Company Secretary and the Authorised Representative with effect from 9 May 2022. Mr. Wong has over 10 years of experience in compliance, corporate governance, company secretarial matters and audit. Prior to joining the Company, Mr. Wong has served as the company secretary or joint company secretary of several companies listed on the Stock Exchange, including Strawbear Entertainment Group, Antengene Corporation Limited, InnoCare Pharma Limited, Linklogis Inc., Keymed Biosciences Inc., CANbridge Pharmaceuticals Inc., Shanghai Conant Optical Co. Ltd., and Arrail Group Limited. Reported Earnings • May 03
Full year 2021 earnings released: EPS: HK$0.50 (vs HK$0.21 in FY 2020) Full year 2021 results: EPS: HK$0.50 (up from HK$0.21 in FY 2020). Revenue: HK$7.08b (up 77% from FY 2020). Net income: HK$2.54b (up 135% from FY 2020). Profit margin: 36% (up from 27% in FY 2020). The increase in margin was driven by higher revenue. Production and reserves: Coal Production: 8.37 Mt (8.18 Mt in FY 2020) Number of mines: 3 (3 in FY 2020) Over the next year, revenue is forecast to stay flat compared to a 33% growth forecast for the mining industry in Germany. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 20% per year. Board Change • Apr 27
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Non-Executive Director Zongbin Shen was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Annuncio • Jan 26
Shougang Fushan Resources Group Limited Provides Earnings Guidance for the Year Ended 31 December 2021 Shougang Fushan Resources Group Limited provided earnings guidance for the year ended 31 December 2021. The profit attributable to owners of the Company for the year ended 31 December 2021 is expected to be not less than HKD 2.4 billion representing a year-on-year at least significant increase of 122% compared to profit attributable to owners of the Company of approximately HKD 1.08 billion for the year ended 31 December 2020 . Recent Insider Transactions • Nov 20
Deputy MD & Executive Director recently bought €88k worth of stock On the 15th of November, Zhaoqiang Chen bought around 410k shares on-market at roughly €0.22 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold €338k more in shares than they bought in the last 12 months. Recent Insider Transactions • Sep 29
Independent Non-Executive Director recently bought €73k worth of stock On the 24th of September, Wai Yin Choi bought around 280k shares on-market at roughly €0.26 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold €431k more in shares than they bought in the last 12 months. Upcoming Dividend • Sep 22
Upcoming dividend of HK$0.08 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 28 October 2021. Trailing yield: 6.6%. Within top quartile of German dividend payers (3.2%). In line with average of industry peers (7.2%). Reported Earnings • Aug 29
First half 2021 earnings released: EPS HK$0.13 (vs HK$0.10 in 1H 2020) The company reported a solid first half result with improved earnings and revenues, although profit margins were weaker. First half 2021 results: Revenue: HK$2.44b (up 34% from 1H 2020). Net income: HK$673.4m (up 23% from 1H 2020). Profit margin: 28% (down from 30% in 1H 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 10% per year, which means it is tracking significantly ahead of earnings growth. Executive Departure • Jul 06
Independent Non-Executive Director Wah Sze Kee has left the company On the 30th of June, Wah Sze Kee's tenure as Independent Non-Executive Director ended after 24.3 years in the role. As of March 2021, Wah Sze still personally held 700.00k shares (€108k worth at the time). Wah Sze is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 3.25 years. Upcoming Dividend • Jul 02
Upcoming dividend of HK$0.09 per share Eligible shareholders must have bought the stock before 09 July 2021. Payment date: 29 July 2021. Trailing yield: 7.2%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (4.8%). Recent Insider Transactions • Jun 16
Deputy MD & Executive Director recently sold €240k worth of stock On the 10th of June, Zhaoqiang Chen sold around 1m shares on-market at roughly €0.24 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €219k more than they bought in the last 12 months. Recent Insider Transactions • May 12
Independent Non-Executive Director recently bought €21k worth of stock On the 3rd of May, Wai Yin Choi bought around 100k shares on-market at roughly €0.21 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Apr 17
Full year 2020 earnings released: EPS HK$0.21 (vs HK$0.21 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: HK$4.00b (up 3.3% from FY 2019). Net income: HK$1.08b (down 5.3% from FY 2019). Profit margin: 27% (down from 30% in FY 2019). The decrease in margin was driven by higher expenses. Production and reserves: Coal Production: 8.18 Mt (7.16 Mt in FY 2019) Number of mines: 3 (3 in FY 2019) Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 4% per year. Reported Earnings • Mar 26
Full year 2020 earnings released: EPS HK$0.21 (vs HK$0.21 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: HK$4.00b (up 3.3% from FY 2019). Net income: HK$1.08b (down 5.3% from FY 2019). Profit margin: 27% (down from 30% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 1% per year. Annuncio • Mar 20
Shougang Fushan Resources Group Limited to Report Fiscal Year 2020 Results on Mar 25, 2021 Shougang Fushan Resources Group Limited announced that they will report fiscal year 2020 results on Mar 25, 2021 Is New 90 Day High Low • Mar 04
New 90-day high: €0.23 The company is up 17% from its price of €0.20 on 04 December 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 55% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.35 per share. Is New 90 Day High Low • Dec 03
New 90-day high: €0.22 The company is up 17% from its price of €0.19 on 04 September 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.34 per share. Reported Earnings • Sep 18
First half earnings released Over the last 12 months the company has reported total profits of HK$1.05b, down 4.9% from the prior year. Total revenue was HK$3.73b over the last 12 months, up 1.6% from the prior year. Annuncio • Aug 19
Shougang Fushan Resources Group Limited to Report First Half, 2020 Results on Aug 28, 2020 Shougang Fushan Resources Group Limited announced that they will report first half, 2020 results on Aug 28, 2020 
