View ValuationDazhong Mining 将来の成長Future 基準チェック /56Dazhong Mining利益と収益がそれぞれ年間37.2%と20.1%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に16.6% 36.7%なると予測されています。主要情報37.2%収益成長率36.74%EPS成長率Metals and Mining 収益成長24.7%収益成長率20.1%将来の株主資本利益率16.62%アナリストカバレッジLow最終更新日01 Jun 2026今後の成長に関する最新情報更新なしすべての更新を表示Recent updatesお知らせ • Jun 30Dazhong Mining Co., Ltd. to Report First Half, 2026 Results on Aug 08, 2026Dazhong Mining Co., Ltd. announced that they will report first half, 2026 results on Aug 08, 2026Declared Dividend • Jun 25Dividend of CN¥0.20 announcedShareholders will receive a dividend of CN¥0.20. Ex-date: 30th June 2026 Payment date: 30th June 2026 Dividend yield will be 0.6%, which is lower than the industry average of 2.8%. Sustainability & Growth Dividend is covered by earnings (45% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 56 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 156% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Valuation Update With 7 Day Price Move • Jun 19Investor sentiment deteriorates as stock falls 25%After last week's 25% share price decline to CN¥32.46, the stock trades at a forward P/E ratio of 43x. Average forward P/E is 17x in the Metals and Mining industry in China. Total returns to shareholders of 206% over the past three years.お知らせ • Apr 24Dazhong Mining Co., Ltd., Annual General Meeting, May 14, 2026Dazhong 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お知らせ • Mar 31Dazhong Mining Co., Ltd. to Report Q1, 2026 Results on Apr 24, 2026Dazhong Mining Co., Ltd. announced that they will report Q1, 2026 results on Apr 24, 2026お知らせ • Dec 31Dazhong Mining Co., Ltd. to Report Fiscal Year 2025 Results on Apr 24, 2026Dazhong Mining Co., Ltd. announced that they will report fiscal year 2025 results on Apr 24, 2026お知らせ • Sep 30Dazhong Mining Co., Ltd. to Report Q3, 2025 Results on Oct 25, 2025Dazhong Mining Co., Ltd. announced that they will report Q3, 2025 results on Oct 25, 2025お知らせ • Jul 02Dazhong Mining Co., Ltd. to Report First Half, 2025 Results on Aug 21, 2025Dazhong Mining Co., Ltd. announced that they will report first half, 2025 results on Aug 21, 2025お知らせ • May 13Dazhong Mining Co., Ltd. Approves Final Cash Dividend for the Year 2024Dazhong 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.お知らせ • Apr 22Dazhong Mining Co., Ltd. Proposes Final Cash Dividend for the Year 2024Dazhong Mining Co., Ltd. proposed final cash dividend of CNY 2.00000000 per 10 shares (tax included) for the year 2024.お知らせ • Apr 20Dazhong Mining Co., Ltd., Annual General Meeting, May 09, 2025Dazhong 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お知らせ • Mar 31Dazhong Mining Co., Ltd. to Report Q1, 2025 Results on Apr 19, 2025Dazhong Mining Co., Ltd. announced that they will report Q1, 2025 results on Apr 19, 2025お知らせ • Dec 31Dazhong Mining Co., Ltd. to Report Fiscal Year 2024 Results on Apr 19, 2025Dazhong Mining Co., Ltd. announced that they will report fiscal year 2024 results on Apr 19, 2025Valuation Update With 7 Day Price Move • Nov 13Investor 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 5.3% over the past year.Reported Earnings • Oct 26Third 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.お知らせ • Oct 24Dazhong Mining Co., Ltd. Announces Interim Profit Distribution Plan (A Shares) for 2024, Payable on 29 October 2024Dazhong 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.Valuation Update With 7 Day Price Move • Sep 30Investor 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 14% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥5.24 per share.お知らせ • Sep 30Dazhong Mining Co., Ltd. to Report Q3, 2024 Results on Oct 26, 2024Dazhong Mining Co., Ltd. announced that they will report Q3, 2024 results on Oct 26, 2024お知らせ • Sep 11Dazhong Mining Co., Ltd. Approves Interim Cash Dividend for the 2024Dazhong 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.New Risk • Aug 26New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.6% 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 High level of non-cash earnings (40% accrual ratio). Minor Risks High level of debt (80% net debt to equity). Paying a dividend despite having no free cash flows.Reported Earnings • Aug 26Second 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.Board Change • Jul 26High number of new directorsThere 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.お知らせ • Jun 29Inner Mongolia Dazhong Mining Co., Ltd. to Report First Half, 2024 Results on Aug 24, 2024Inner Mongolia Dazhong Mining Co., Ltd. announced that they will report first half, 2024 results on Aug 24, 2024お知らせ • Mar 30Inner Mongolia Dazhong Mining Co., Ltd. to Report Q1, 2024 Results on Apr 24, 2024Inner Mongolia Dazhong Mining Co., Ltd. announced that they will report Q1, 2024 results on Apr 24, 2024Reported Earnings • Mar 19Full year 2023 earnings released: EPS: CN¥0.76 (vs CN¥0.65 in FY 2022)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 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 05Investor 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.お知らせ • Dec 29Inner Mongolia Dazhong Mining Co., Ltd. to Report Fiscal Year 2023 Results on Mar 19, 2024Inner Mongolia Dazhong Mining Co., Ltd. announced that they will report fiscal year 2023 results on Mar 19, 2024New Risk • Oct 31New major risk - Financial positionThe 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 20Third 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 22Less than half of directors are independentFollowing 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 14New major risk - Financial positionThe 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 14Second 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.お知らせ • May 10Inner Mongolia Dazhong Mining Co., Ltd. Announces Final Dividend on A Shares for the Year 2022, Payable on May 16, 2023Inner 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 13First 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.Reported Earnings • Oct 29Third 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 21Investor sentiment improved over the past weekAfter last week's 20% 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.Board Change • Jun 17High number of new and inexperienced directorsThere 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.業績と収益の成長予測XSEC:001203 - アナリストの将来予測と過去の財務データ ( )CNY Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/20286,9582,048N/A3,916112/31/20275,5771,427N/A2,885112/31/20264,7001,075N/A2,34313/31/20263,978669-9961,173N/A12/31/20254,090736-7861,158N/A9/30/20253,891683-7051,221N/A6/30/20253,841694-4761,297N/A3/31/20253,8487342631,530N/A12/31/20243,8437513221,547N/A9/30/20244,142974-3,1821,925N/A6/30/20244,1841,099-2,7982,278N/A3/31/20244,2801,182-2,9992,118N/A12/31/20234,0031,141-3,4251,607N/A9/30/20233,258990131991N/A6/30/20233,219853-218701N/A3/31/20233,496848-457512N/A1/1/20234,1571,0932191,205N/A9/30/20224,7801,1286611,407N/A6/30/20225,3321,4759191,490N/A3/31/20225,4661,7201,5822,065N/A1/1/20224,8951,6251,5541,918N/A9/30/20214,7651,6971,7182,142N/A6/30/20214,0181,3871,3341,733N/A3/31/20212,844894694996N/A12/31/20202,497592466739N/A12/31/20192,567425N/A168N/A12/31/20181,537209N/A346N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: 001203の予測収益成長率 (年間37.2% ) は 貯蓄率 ( 2.4% ) を上回っています。収益対市場: 001203の収益 ( 37.2% ) はCN市場 ( 27.5% ) よりも速いペースで成長すると予測されています。高成長収益: 001203の収益は今後 3 年間で 大幅に 増加すると予想されています。収益対市場: 001203の収益 ( 20.1% ) CN市場 ( 16.8% ) よりも速いペースで成長すると予測されています。高い収益成長: 001203の収益 ( 20.1% ) 20%よりも速いペースで成長すると予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: 001203の 自己資本利益率 は、3年後には低くなると予測されています ( 16.6 %)。成長企業の発掘7D1Y7D1Y7D1YMaterials 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/07/11 08:54終値2026/07/10 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社の Github ページ でご覧いただけます。また、レポートの使い方に関する ガイド や YouTube の チュートリアル もご用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Dazhong Mining Co., Ltd. 1 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。3 アナリスト機関Liangbi ZhaoChina Galaxy Securities Co., Ltd.Yufei LiuCitic Securities Co., Ltd.Kun ZhaiTopsperity Securities
お知らせ • Jun 30Dazhong Mining Co., Ltd. to Report First Half, 2026 Results on Aug 08, 2026Dazhong Mining Co., Ltd. announced that they will report first half, 2026 results on Aug 08, 2026
Declared Dividend • Jun 25Dividend of CN¥0.20 announcedShareholders will receive a dividend of CN¥0.20. Ex-date: 30th June 2026 Payment date: 30th June 2026 Dividend yield will be 0.6%, which is lower than the industry average of 2.8%. Sustainability & Growth Dividend is covered by earnings (45% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 56 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 156% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Valuation Update With 7 Day Price Move • Jun 19Investor sentiment deteriorates as stock falls 25%After last week's 25% share price decline to CN¥32.46, the stock trades at a forward P/E ratio of 43x. Average forward P/E is 17x in the Metals and Mining industry in China. Total returns to shareholders of 206% over the past three years.
お知らせ • Apr 24Dazhong Mining Co., Ltd., Annual General Meeting, May 14, 2026Dazhong 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
お知らせ • Mar 31Dazhong Mining Co., Ltd. to Report Q1, 2026 Results on Apr 24, 2026Dazhong Mining Co., Ltd. announced that they will report Q1, 2026 results on Apr 24, 2026
お知らせ • Dec 31Dazhong Mining Co., Ltd. to Report Fiscal Year 2025 Results on Apr 24, 2026Dazhong Mining Co., Ltd. announced that they will report fiscal year 2025 results on Apr 24, 2026
お知らせ • Sep 30Dazhong Mining Co., Ltd. to Report Q3, 2025 Results on Oct 25, 2025Dazhong Mining Co., Ltd. announced that they will report Q3, 2025 results on Oct 25, 2025
お知らせ • Jul 02Dazhong Mining Co., Ltd. to Report First Half, 2025 Results on Aug 21, 2025Dazhong Mining Co., Ltd. announced that they will report first half, 2025 results on Aug 21, 2025
お知らせ • May 13Dazhong Mining Co., Ltd. Approves Final Cash Dividend for the Year 2024Dazhong 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.
お知らせ • Apr 22Dazhong Mining Co., Ltd. Proposes Final Cash Dividend for the Year 2024Dazhong Mining Co., Ltd. proposed final cash dividend of CNY 2.00000000 per 10 shares (tax included) for the year 2024.
お知らせ • Apr 20Dazhong Mining Co., Ltd., Annual General Meeting, May 09, 2025Dazhong 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
お知らせ • Mar 31Dazhong Mining Co., Ltd. to Report Q1, 2025 Results on Apr 19, 2025Dazhong Mining Co., Ltd. announced that they will report Q1, 2025 results on Apr 19, 2025
お知らせ • Dec 31Dazhong Mining Co., Ltd. to Report Fiscal Year 2024 Results on Apr 19, 2025Dazhong Mining Co., Ltd. announced that they will report fiscal year 2024 results on Apr 19, 2025
Valuation Update With 7 Day Price Move • Nov 13Investor 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 5.3% over the past year.
Reported Earnings • Oct 26Third 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.
お知らせ • Oct 24Dazhong Mining Co., Ltd. Announces Interim Profit Distribution Plan (A Shares) for 2024, Payable on 29 October 2024Dazhong 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.
Valuation Update With 7 Day Price Move • Sep 30Investor 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 14% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥5.24 per share.
お知らせ • Sep 30Dazhong Mining Co., Ltd. to Report Q3, 2024 Results on Oct 26, 2024Dazhong Mining Co., Ltd. announced that they will report Q3, 2024 results on Oct 26, 2024
お知らせ • Sep 11Dazhong Mining Co., Ltd. Approves Interim Cash Dividend for the 2024Dazhong 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.
New Risk • Aug 26New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.6% 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 High level of non-cash earnings (40% accrual ratio). Minor Risks High level of debt (80% net debt to equity). Paying a dividend despite having no free cash flows.
Reported Earnings • Aug 26Second 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.
Board Change • Jul 26High number of new directorsThere 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.
お知らせ • Jun 29Inner Mongolia Dazhong Mining Co., Ltd. to Report First Half, 2024 Results on Aug 24, 2024Inner Mongolia Dazhong Mining Co., Ltd. announced that they will report first half, 2024 results on Aug 24, 2024
お知らせ • Mar 30Inner Mongolia Dazhong Mining Co., Ltd. to Report Q1, 2024 Results on Apr 24, 2024Inner Mongolia Dazhong Mining Co., Ltd. announced that they will report Q1, 2024 results on Apr 24, 2024
Reported Earnings • Mar 19Full year 2023 earnings released: EPS: CN¥0.76 (vs CN¥0.65 in FY 2022)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 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 05Investor 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.
お知らせ • Dec 29Inner Mongolia Dazhong Mining Co., Ltd. to Report Fiscal Year 2023 Results on Mar 19, 2024Inner Mongolia Dazhong Mining Co., Ltd. announced that they will report fiscal year 2023 results on Mar 19, 2024
New Risk • Oct 31New major risk - Financial positionThe 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 20Third 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 22Less than half of directors are independentFollowing 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 14New major risk - Financial positionThe 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 14Second 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.
お知らせ • May 10Inner Mongolia Dazhong Mining Co., Ltd. Announces Final Dividend on A Shares for the Year 2022, Payable on May 16, 2023Inner 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 13First 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.
Reported Earnings • Oct 29Third 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 21Investor sentiment improved over the past weekAfter last week's 20% 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.
Board Change • Jun 17High number of new and inexperienced directorsThere 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.