Sino-Platinum MetalsLtd（600459）株式概要中白金属有限公司は、中国における金属および非金属材料の研究、開発、生産、販売、技術サービスに従事している。 詳細600459 ファンダメンタル分析スノーフレーク・スコア評価2/6将来の成長2/6過去の実績2/6財務の健全性4/6配当金4/6報酬株価収益率（ 26.1 x） CN市場（ 42.5 x）を下回っています。収益は年間11.34%増加すると予測されています 過去5年間の収益は年間15%増加しました。 リスク分析負債は営業キャッシュフローで十分にカバーされていない 高いレベルの非現金収入 CN市場と比較した過去 3 か月間の株価の変動1.29%の配当はフリーキャッシュフローで十分にカバーされていない すべてのリスクチェックを見る600459 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.NEW475,324 membersJoin community and earn perksGain real feedbackFrom our editorial team, personally. Not silence.Grow your followingReal investors. The kind who actually invest, not scroll past.Unlock free accessFree premium subscription for consistent and quality authors.Learn moreCreate NarrativeBLINRODA475,324 investors already sharing narrativesYour Fair ValueCN¥Current PriceCN¥20.8830.3% 割安 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture0121b2016201920222025202620282031Revenue CN¥121.1bEarnings CN¥1.4bAdvancedSet Fair ValueView all narrativesSino-Platinum Metals Co.,Ltd 競合他社HootechSymbol: SZSE:301026Market cap: CN¥4.8bNingbo Jintian Copper (Group)Symbol: SHSE:601609Market cap: CN¥18.4bXinjiang JoinworldSymbol: SHSE:600888Market cap: CN¥16.1bSuzhou Hesheng Special MaterialSymbol: SZSE:002290Market cap: CN¥15.7b価格と性能株価の高値、安値、推移の概要Sino-Platinum MetalsLtd過去の株価現在の株価CN¥20.8852週高値CN¥29.9952週安値CN¥15.10ベータ0.901ヶ月の変化17.77%3ヶ月変化0.14%1年変化32.57%3年間の変化46.22%5年間の変化-22.67%IPOからの変化102.33%最新ニュースValuation Update With 7 Day Price Move • Aug 10Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CN¥21.79, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 15x in the Metals and Mining industry in China. Total returns to shareholders of 52% over the past three years.Valuation Update With 7 Day Price Move • Jul 06Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to CN¥23.36, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 16x in the Metals and Mining industry in China. Total returns to shareholders of 58% over the past three years.お知らせ • Jun 30Sino-Platinum Metals Co.,Ltd to Report First Half, 2026 Results on Aug 21, 2026Sino-Platinum Metals Co.,Ltd announced that they will report first half, 2026 results on Aug 21, 2026Declared Dividend • Jun 20Dividend increased to CN¥0.25Dividend of CN¥0.25 is 3.8% higher than last year. Ex-date: 26th June 2026 Payment date: 26th June 2026 Dividend yield will be 1.0%, which is lower than the industry average of 2.8%. Sustainability & Growth Dividend is covered by earnings (31% 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 increased by an average of 20% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 30% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Valuation Update With 7 Day Price Move • Jun 17Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥26.52, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 17x in the Metals and Mining industry in China. Total returns to shareholders of 88% over the past three years.New Risk • Jun 11New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.4% 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (42% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.4% average weekly change).最新情報をもっと見るRecent updatesValuation Update With 7 Day Price Move • Aug 10Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CN¥21.79, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 15x in the Metals and Mining industry in China. Total returns to shareholders of 52% over the past three years.Valuation Update With 7 Day Price Move • Jul 06Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to CN¥23.36, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 16x in the Metals and Mining industry in China. Total returns to shareholders of 58% over the past three years.お知らせ • Jun 30Sino-Platinum Metals Co.,Ltd to Report First Half, 2026 Results on Aug 21, 2026Sino-Platinum Metals Co.,Ltd announced that they will report first half, 2026 results on Aug 21, 2026Declared Dividend • Jun 20Dividend increased to CN¥0.25Dividend of CN¥0.25 is 3.8% higher than last year. Ex-date: 26th June 2026 Payment date: 26th June 2026 Dividend yield will be 1.0%, which is lower than the industry average of 2.8%. Sustainability & Growth Dividend is covered by earnings (31% 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 increased by an average of 20% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 30% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Valuation Update With 7 Day Price Move • Jun 17Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥26.52, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 17x in the Metals and Mining industry in China. Total returns to shareholders of 88% over the past three years.New Risk • Jun 11New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.4% 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (42% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.4% average weekly change).Valuation Update With 7 Day Price Move • May 28Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥22.50, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 17x in the Metals and Mining industry in China. Total returns to shareholders of 57% over the past three years.Board Change • May 20High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 4 experienced directors. 1 highly experienced director. Vice Chairman & GM Guo Junmei is the most experienced director on the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.お知らせ • Apr 27Sino-Platinum Metals Co.,Ltd, Annual General Meeting, May 20, 2026Sino-Platinum Metals Co.,Ltd, Annual General Meeting, May 20, 2026, at 09:30 China Standard Time. Location: Building A1, No. 988, Keji Road, Kunming Hi-tech Development Zone, Yunnan Chinaお知らせ • Mar 30Sino-Platinum Metals Co.,Ltd to Report Q1, 2026 Results on Apr 30, 2026Sino-Platinum Metals Co.,Ltd announced that they will report Q1, 2026 results on Apr 30, 2026お知らせ • Dec 26Sino-Platinum Metals Co.,Ltd to Report Fiscal Year 2025 Results on Apr 22, 2026Sino-Platinum Metals Co.,Ltd announced that they will report fiscal year 2025 results on Apr 22, 2026お知らせ • Sep 30Sino-Platinum Metals Co.,Ltd to Report Q3, 2025 Results on Oct 31, 2025Sino-Platinum Metals Co.,Ltd announced that they will report Q3, 2025 results on Oct 31, 2025お知らせ • Jun 30Sino-Platinum Metals Co.,Ltd to Report First Half, 2025 Results on Aug 30, 2025Sino-Platinum Metals Co.,Ltd announced that they will report first half, 2025 results on Aug 30, 2025お知らせ • Apr 25Sino-Platinum Metals Co.,Ltd, Annual General Meeting, May 15, 2025Sino-Platinum Metals Co.,Ltd, Annual General Meeting, May 15, 2025, at 09:30 China Standard Time. Location: Building A1, No. 988, Keji Road, Kunming Hi-tech Development Zone, Yunnan Chinaお知らせ • Mar 28Sino-Platinum Metals Co.,Ltd to Report Q1, 2025 Results on Apr 30, 2025Sino-Platinum Metals Co.,Ltd announced that they will report Q1, 2025 results on Apr 30, 2025お知らせ • Dec 27Sino-Platinum Metals Co.,Ltd to Report Fiscal Year 2024 Results on Apr 25, 2025Sino-Platinum Metals Co.,Ltd announced that they will report fiscal year 2024 results on Apr 25, 2025Reported Earnings • Oct 31Third quarter 2024 earnings released: EPS: CN¥0.17 (vs CN¥0.15 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.17 (up from CN¥0.15 in 3Q 2023). Revenue: CN¥12.5b (flat on 3Q 2023). Net income: CN¥127.8m (up 14% from 3Q 2023). Profit margin: 1.0% (up from 0.9% in 3Q 2023). Revenue is forecast to grow 20% 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 increased by 5% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Sep 30Investor sentiment improves as stock rises 21%After last week's 21% share price gain to CN¥14.65, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 14x in the Metals and Mining industry in China. Total loss to shareholders of 28% over the past three years.お知らせ • Sep 30Sino-Platinum Metals Co.,Ltd to Report Q3, 2024 Results on Oct 31, 2024Sino-Platinum Metals Co.,Ltd announced that they will report Q3, 2024 results on Oct 31, 2024New Risk • Aug 27New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 25% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (25% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.Declared Dividend • Jun 29Dividend of CN¥0.19 announcedShareholders will receive a dividend of CN¥0.19. Ex-date: 4th July 2024 Payment date: 4th July 2024 Dividend yield will be 1.4%, which is lower than the industry average of 2.8%. Sustainability & Growth Dividend is covered by earnings (28% 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 increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 97% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Jun 28Sino-Platinum Metals Co.,Ltd to Report First Half, 2024 Results on Aug 27, 2024Sino-Platinum Metals Co.,Ltd announced that they will report first half, 2024 results on Aug 27, 2024Board Change • Jun 09High 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. No experienced directors. 1 highly experienced director. Vice Chairman & GM Guo Junmei is the most experienced director on the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.New Risk • May 10New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 36% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results.Reported Earnings • Apr 30First quarter 2024 earnings released: EPS: CN¥0.26 (vs CN¥0.21 in 1Q 2023)First quarter 2024 results: EPS: CN¥0.26 (up from CN¥0.21 in 1Q 2023). Revenue: CN¥10.4b (up 3.6% from 1Q 2023). Net income: CN¥194.7m (up 24% from 1Q 2023). Profit margin: 1.9% (up from 1.6% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.お知らせ • Apr 19Sino-Platinum Metals Co.,Ltd, Annual General Meeting, May 10, 2024Sino-Platinum Metals Co.,Ltd, Annual General Meeting, May 10, 2024, at 10:00 China Standard Time. Location: The Company's Meeting Room, Kunming, Yunnan ChinaReported Earnings • Apr 18Full year 2023 earnings released: EPS: CN¥0.62 (vs CN¥0.69 in FY 2022)Full year 2023 results: EPS: CN¥0.62. Revenue: CN¥45.1b (up 11% from FY 2022). Net income: CN¥468.3m (up 15% from FY 2022). Profit margin: 1.0% (in line with FY 2022). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Metals and Mining industry in China.お知らせ • Mar 29Sino-Platinum Metals Co.,Ltd to Report Q1, 2024 Results on Apr 27, 2024Sino-Platinum Metals Co.,Ltd announced that they will report Q1, 2024 results on Apr 27, 2024Valuation Update With 7 Day Price Move • Feb 12Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥13.71, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 11x in the Metals and Mining industry in China. Total loss to shareholders of 11% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥22.17 per share.お知らせ • Dec 29Sino-Platinum Metals Co.,Ltd to Report Fiscal Year 2023 Results on Apr 18, 2024Sino-Platinum Metals Co.,Ltd announced that they will report fiscal year 2023 results on Apr 18, 2024Reported Earnings • Oct 27Third quarter 2023 earnings released: EPS: CN¥0.15 (vs CN¥0.11 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.15 (up from CN¥0.11 in 3Q 2022). Revenue: CN¥12.6b (up 17% from 3Q 2022). Net income: CN¥111.8m (up 77% from 3Q 2022). Profit margin: 0.9% (up from 0.6% in 3Q 2022). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.お知らせ • Sep 30Sino-Platinum Metals Co.,Ltd to Report Q3, 2023 Results on Oct 27, 2023Sino-Platinum Metals Co.,Ltd announced that they will report Q3, 2023 results on Oct 27, 2023New Risk • Aug 28New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 24% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Shareholders have been diluted in the past year (29% increase in shares outstanding).Reported Earnings • Aug 25Second quarter 2023 earnings released: EPS: CN¥0.17 (vs CN¥0.12 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.17 (up from CN¥0.12 in 2Q 2022). Revenue: CN¥12.4b (up 32% from 2Q 2022). Net income: CN¥131.8m (up 84% from 2Q 2022). Profit margin: 1.1% (up from 0.8% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.Reported Earnings • Apr 13Full year 2022 earnings released: EPS: CN¥0.69 (vs CN¥0.68 in FY 2021)Full year 2022 results: EPS: CN¥0.69 (up from CN¥0.68 in FY 2021). Revenue: CN¥40.8b (up 12% from FY 2021). Net income: CN¥407.0m (up 5.1% from FY 2021). Profit margin: 1.0% (in line with FY 2021). Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 14% per year.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Xudong Sun 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.Reported Earnings • Oct 28Third quarter 2022 earnings released: EPS: CN¥0.11 (vs CN¥0.06 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.11 (up from CN¥0.06 in 3Q 2021). Revenue: CN¥10.7b (up 12% from 3Q 2021). Net income: CN¥63.2m (up 86% from 3Q 2021). Profit margin: 0.6% (up from 0.4% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 10% per year.Reported Earnings • Aug 27Second quarter 2022 earnings released: EPS: CN¥0.12 (vs CN¥0.16 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.12 (down from CN¥0.16 in 2Q 2021). Revenue: CN¥9.40b (down 6.2% from 2Q 2021). Net income: CN¥71.5m (down 24% from 2Q 2021). Profit margin: 0.8% (down from 0.9% in 2Q 2021). Over the next year, revenue is forecast to grow 22%, compared to a 30% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.Reported Earnings • Apr 29First quarter 2022 earnings released: EPS: CN¥0.32 (vs CN¥0.30 in 1Q 2021)First quarter 2022 results: EPS: CN¥0.32 (up from CN¥0.30 in 1Q 2021). Revenue: CN¥8.67b (flat on 1Q 2021). Net income: CN¥190.4m (up 12% from 1Q 2021). Profit margin: 2.2% (up from 2.0% in 1Q 2021). Over the next year, revenue is forecast to grow 16%, compared to a 27% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. Independent Director Hailan Liu was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.Reported Earnings • Apr 16Full year 2021 earnings released: EPS: CN¥0.68 (vs CN¥0.57 in FY 2020)Full year 2021 results: EPS: CN¥0.68 (up from CN¥0.57 in FY 2020). Revenue: CN¥36.4b (up 26% from FY 2020). Net income: CN¥387.1m (up 19% from FY 2020). Profit margin: 1.1% (in line with FY 2020). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.Reported Earnings • Oct 20Third quarter 2021 earnings released: EPS CN¥0.06 (vs CN¥0.12 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CN¥9.53b (up 19% from 3Q 2020). Net income: CN¥33.9m (down 53% from 3Q 2020). Profit margin: 0.4% (down from 0.9% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Aug 26Second quarter 2021 earnings released: EPS CN¥0.24 (vs CN¥0.15 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥9.00b (up 52% from 2Q 2020). Net income: CN¥136.7m (up 67% from 2Q 2020). Profit margin: 1.5% (up from 1.4% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 47% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Jul 22Investor sentiment improved over the past weekAfter last week's 18% share price gain to CN¥29.96, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 19x in the Metals and Mining industry in China. Total returns to shareholders of 285% over the past three years.Valuation Update With 7 Day Price Move • May 26Investor sentiment improved over the past weekAfter last week's 17% share price gain to CN¥30.30, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 16x in the Metals and Mining industry in China. Total returns to shareholders of 143% over the past three years.Reported Earnings • Apr 16Full year 2020 earnings released: EPS CN¥0.75 (vs CN¥0.56 in FY 2019)The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: CN¥28.9b (up 36% from FY 2019). Net income: CN¥326.1m (up 40% from FY 2019). Profit margin: 1.1% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.Is New 90 Day High Low • Jan 31New 90-day low: CN¥21.63The company is down 3.0% from its price of CN¥22.28 on 03 November 2020. The Chinese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥2.50 per share.Is New 90 Day High Low • Dec 25New 90-day high: CN¥27.32The company is up 28% from its price of CN¥21.34 on 25 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥2.53 per share.Is New 90 Day High Low • Nov 19New 90-day high: CN¥24.99The company is up 4.0% from its price of CN¥23.95 on 21 August 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥2.48 per share.Reported Earnings • Oct 29Third quarter earnings releasedOver the last 12 months the company has reported total profits of CN¥363.8m, up 86% from the prior year. Total revenue was CN¥23.6b over the last 12 months, up 16% from the prior year.株主還元600459CN Metals and MiningCN 市場7D-0.6%-3.1%0.2%1Y32.6%34.5%9.7%株主還元を見る業界別リターン: 600459過去 1 年間で34.5 % の収益を上げたCN Metals and Mining業界を下回りました。リターン対市場: 600459過去 1 年間で9.7 % の収益を上げたCN市場を上回りました。価格変動Is 600459's price volatile compared to industry and market?600459 volatility600459 Average Weekly Movement10.6%Metals and Mining Industry Average Movement7.9%Market Average Movement7.3%10% most volatile stocks in CN Market12.5%10% least volatile stocks in CN Market4.4%安定した株価: 600459の株価は、 CN市場と比較して過去 3 か月間で変動しています。時間の経過による変動: 600459の weekly volatility ( 11% ) は過去 1 年間安定していますが、依然としてCNの株式の 75% よりも高くなっています。会社概要設立従業員CEO（最高経営責任者ウェブサイト20002,268Junmei Guowww.sino-platnum.com.cn中白金属有限公司は、中国で金属および非金属材料の研究、開発、生産、販売、技術サービスに従事している。主に金、銀、白金、パラジウム、ロジウム、イリジウム、ルテニウム、オスミウムなどの白金族金属などの貴金属を提供。また、電気接点材料、ろう付け材料、温度測定材料、複合材料、触媒ネット材料、精密合金材料、接合材料、蒸着材料などの特殊機能材料も提供しており、これらは電子情報、化学建材、冶金などの産業で広く使用されている。また、導電ペースト、抵抗ペースト、充填ペースト、多層配線ペーストなどの金属情報機能材料を提供し、チップ電子部品、厚膜集積回路、結晶シリコン太陽電池、メンブレンスイッチ、フラットパネルディスプレイなどに広く使用されている。また、商品・技術の輸出入、金属・鉱産物の採掘・選別・加工・販売・倉庫・リースサービス、環境ガバナンス・新エネルギー関連資材サービスも行っている。さらに、設備の研究、開発、設計、生産、販売、エンジニアリング設計、建設、運営、プロジェクト投資と管理サービス、経済情報コンサルティング、技術コンサルティング、企業管理コンサルティングサービスも提供している。同社は2000年に設立され、中国昆明市に本社を置いている。もっと見るSino-Platinum Metals Co.,Ltd 基礎のまとめSino-Platinum MetalsLtd の収益と売上を時価総額と比較するとどうか。600459 基礎統計学時価総額CN¥17.19b収益（TTM）CN¥659.12m売上高(TTM)CN¥55.57b26.1xPER（株価収益率0.3xP/Sレシオ600459 は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計600459 損益計算書（TTM）収益CN¥55.57b売上原価CN¥54.07b売上総利益CN¥1.50bその他の費用CN¥838.12m収益CN¥659.12m直近の収益報告Mar 31, 2026次回決算日Aug 21, 2026一株当たり利益（EPS）0.80グロス・マージン2.69%純利益率1.19%有利子負債／自己資本比率96.5%600459 の長期的なパフォーマンスは？過去の実績と比較を見る配当金1.3%現在の配当利回り31%配当性向View Valuation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2026/08/16 06:15終値2026/08/14 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、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。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Sino-Platinum Metals 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。9 アナリスト機関Li ShangCitic Securities Co., Ltd.Weifeng LiEverbright Securities Co. Ltd.Jefferson ZhangGoldman Sachs6 その他のアナリストを表示
Valuation Update With 7 Day Price Move • Aug 10Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CN¥21.79, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 15x in the Metals and Mining industry in China. Total returns to shareholders of 52% over the past three years.
Valuation Update With 7 Day Price Move • Jul 06Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to CN¥23.36, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 16x in the Metals and Mining industry in China. Total returns to shareholders of 58% over the past three years.
お知らせ • Jun 30Sino-Platinum Metals Co.,Ltd to Report First Half, 2026 Results on Aug 21, 2026Sino-Platinum Metals Co.,Ltd announced that they will report first half, 2026 results on Aug 21, 2026
Declared Dividend • Jun 20Dividend increased to CN¥0.25Dividend of CN¥0.25 is 3.8% higher than last year. Ex-date: 26th June 2026 Payment date: 26th June 2026 Dividend yield will be 1.0%, which is lower than the industry average of 2.8%. Sustainability & Growth Dividend is covered by earnings (31% 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 increased by an average of 20% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 30% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Valuation Update With 7 Day Price Move • Jun 17Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥26.52, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 17x in the Metals and Mining industry in China. Total returns to shareholders of 88% over the past three years.
New Risk • Jun 11New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.4% 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (42% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.4% average weekly change).
Valuation Update With 7 Day Price Move • Aug 10Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CN¥21.79, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 15x in the Metals and Mining industry in China. Total returns to shareholders of 52% over the past three years.
Valuation Update With 7 Day Price Move • Jul 06Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to CN¥23.36, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 16x in the Metals and Mining industry in China. Total returns to shareholders of 58% over the past three years.
お知らせ • Jun 30Sino-Platinum Metals Co.,Ltd to Report First Half, 2026 Results on Aug 21, 2026Sino-Platinum Metals Co.,Ltd announced that they will report first half, 2026 results on Aug 21, 2026
Declared Dividend • Jun 20Dividend increased to CN¥0.25Dividend of CN¥0.25 is 3.8% higher than last year. Ex-date: 26th June 2026 Payment date: 26th June 2026 Dividend yield will be 1.0%, which is lower than the industry average of 2.8%. Sustainability & Growth Dividend is covered by earnings (31% 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 increased by an average of 20% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 30% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Valuation Update With 7 Day Price Move • Jun 17Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥26.52, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 17x in the Metals and Mining industry in China. Total returns to shareholders of 88% over the past three years.
New Risk • Jun 11New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.4% 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (42% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.4% average weekly change).
Valuation Update With 7 Day Price Move • May 28Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥22.50, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 17x in the Metals and Mining industry in China. Total returns to shareholders of 57% over the past three years.
Board Change • May 20High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 4 experienced directors. 1 highly experienced director. Vice Chairman & GM Guo Junmei is the most experienced director on the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
お知らせ • Apr 27Sino-Platinum Metals Co.,Ltd, Annual General Meeting, May 20, 2026Sino-Platinum Metals Co.,Ltd, Annual General Meeting, May 20, 2026, at 09:30 China Standard Time. Location: Building A1, No. 988, Keji Road, Kunming Hi-tech Development Zone, Yunnan China
お知らせ • Mar 30Sino-Platinum Metals Co.,Ltd to Report Q1, 2026 Results on Apr 30, 2026Sino-Platinum Metals Co.,Ltd announced that they will report Q1, 2026 results on Apr 30, 2026
お知らせ • Dec 26Sino-Platinum Metals Co.,Ltd to Report Fiscal Year 2025 Results on Apr 22, 2026Sino-Platinum Metals Co.,Ltd announced that they will report fiscal year 2025 results on Apr 22, 2026
お知らせ • Sep 30Sino-Platinum Metals Co.,Ltd to Report Q3, 2025 Results on Oct 31, 2025Sino-Platinum Metals Co.,Ltd announced that they will report Q3, 2025 results on Oct 31, 2025
お知らせ • Jun 30Sino-Platinum Metals Co.,Ltd to Report First Half, 2025 Results on Aug 30, 2025Sino-Platinum Metals Co.,Ltd announced that they will report first half, 2025 results on Aug 30, 2025
お知らせ • Apr 25Sino-Platinum Metals Co.,Ltd, Annual General Meeting, May 15, 2025Sino-Platinum Metals Co.,Ltd, Annual General Meeting, May 15, 2025, at 09:30 China Standard Time. Location: Building A1, No. 988, Keji Road, Kunming Hi-tech Development Zone, Yunnan China
お知らせ • Mar 28Sino-Platinum Metals Co.,Ltd to Report Q1, 2025 Results on Apr 30, 2025Sino-Platinum Metals Co.,Ltd announced that they will report Q1, 2025 results on Apr 30, 2025
お知らせ • Dec 27Sino-Platinum Metals Co.,Ltd to Report Fiscal Year 2024 Results on Apr 25, 2025Sino-Platinum Metals Co.,Ltd announced that they will report fiscal year 2024 results on Apr 25, 2025
Reported Earnings • Oct 31Third quarter 2024 earnings released: EPS: CN¥0.17 (vs CN¥0.15 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.17 (up from CN¥0.15 in 3Q 2023). Revenue: CN¥12.5b (flat on 3Q 2023). Net income: CN¥127.8m (up 14% from 3Q 2023). Profit margin: 1.0% (up from 0.9% in 3Q 2023). Revenue is forecast to grow 20% 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 increased by 5% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Sep 30Investor sentiment improves as stock rises 21%After last week's 21% share price gain to CN¥14.65, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 14x in the Metals and Mining industry in China. Total loss to shareholders of 28% over the past three years.
お知らせ • Sep 30Sino-Platinum Metals Co.,Ltd to Report Q3, 2024 Results on Oct 31, 2024Sino-Platinum Metals Co.,Ltd announced that they will report Q3, 2024 results on Oct 31, 2024
New Risk • Aug 27New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 25% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (25% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.
Declared Dividend • Jun 29Dividend of CN¥0.19 announcedShareholders will receive a dividend of CN¥0.19. Ex-date: 4th July 2024 Payment date: 4th July 2024 Dividend yield will be 1.4%, which is lower than the industry average of 2.8%. Sustainability & Growth Dividend is covered by earnings (28% 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 increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 97% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Jun 28Sino-Platinum Metals Co.,Ltd to Report First Half, 2024 Results on Aug 27, 2024Sino-Platinum Metals Co.,Ltd announced that they will report first half, 2024 results on Aug 27, 2024
Board Change • Jun 09High 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. No experienced directors. 1 highly experienced director. Vice Chairman & GM Guo Junmei is the most experienced director on the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
New Risk • May 10New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 36% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results.
Reported Earnings • Apr 30First quarter 2024 earnings released: EPS: CN¥0.26 (vs CN¥0.21 in 1Q 2023)First quarter 2024 results: EPS: CN¥0.26 (up from CN¥0.21 in 1Q 2023). Revenue: CN¥10.4b (up 3.6% from 1Q 2023). Net income: CN¥194.7m (up 24% from 1Q 2023). Profit margin: 1.9% (up from 1.6% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.
お知らせ • Apr 19Sino-Platinum Metals Co.,Ltd, Annual General Meeting, May 10, 2024Sino-Platinum Metals Co.,Ltd, Annual General Meeting, May 10, 2024, at 10:00 China Standard Time. Location: The Company's Meeting Room, Kunming, Yunnan China
Reported Earnings • Apr 18Full year 2023 earnings released: EPS: CN¥0.62 (vs CN¥0.69 in FY 2022)Full year 2023 results: EPS: CN¥0.62. Revenue: CN¥45.1b (up 11% from FY 2022). Net income: CN¥468.3m (up 15% from FY 2022). Profit margin: 1.0% (in line with FY 2022). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Metals and Mining industry in China.
お知らせ • Mar 29Sino-Platinum Metals Co.,Ltd to Report Q1, 2024 Results on Apr 27, 2024Sino-Platinum Metals Co.,Ltd announced that they will report Q1, 2024 results on Apr 27, 2024
Valuation Update With 7 Day Price Move • Feb 12Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥13.71, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 11x in the Metals and Mining industry in China. Total loss to shareholders of 11% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥22.17 per share.
お知らせ • Dec 29Sino-Platinum Metals Co.,Ltd to Report Fiscal Year 2023 Results on Apr 18, 2024Sino-Platinum Metals Co.,Ltd announced that they will report fiscal year 2023 results on Apr 18, 2024
Reported Earnings • Oct 27Third quarter 2023 earnings released: EPS: CN¥0.15 (vs CN¥0.11 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.15 (up from CN¥0.11 in 3Q 2022). Revenue: CN¥12.6b (up 17% from 3Q 2022). Net income: CN¥111.8m (up 77% from 3Q 2022). Profit margin: 0.9% (up from 0.6% in 3Q 2022). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
お知らせ • Sep 30Sino-Platinum Metals Co.,Ltd to Report Q3, 2023 Results on Oct 27, 2023Sino-Platinum Metals Co.,Ltd announced that they will report Q3, 2023 results on Oct 27, 2023
New Risk • Aug 28New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 24% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Shareholders have been diluted in the past year (29% increase in shares outstanding).
Reported Earnings • Aug 25Second quarter 2023 earnings released: EPS: CN¥0.17 (vs CN¥0.12 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.17 (up from CN¥0.12 in 2Q 2022). Revenue: CN¥12.4b (up 32% from 2Q 2022). Net income: CN¥131.8m (up 84% from 2Q 2022). Profit margin: 1.1% (up from 0.8% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.
Reported Earnings • Apr 13Full year 2022 earnings released: EPS: CN¥0.69 (vs CN¥0.68 in FY 2021)Full year 2022 results: EPS: CN¥0.69 (up from CN¥0.68 in FY 2021). Revenue: CN¥40.8b (up 12% from FY 2021). Net income: CN¥407.0m (up 5.1% from FY 2021). Profit margin: 1.0% (in line with FY 2021). Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 14% per year.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Xudong Sun 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.
Reported Earnings • Oct 28Third quarter 2022 earnings released: EPS: CN¥0.11 (vs CN¥0.06 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.11 (up from CN¥0.06 in 3Q 2021). Revenue: CN¥10.7b (up 12% from 3Q 2021). Net income: CN¥63.2m (up 86% from 3Q 2021). Profit margin: 0.6% (up from 0.4% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 10% per year.
Reported Earnings • Aug 27Second quarter 2022 earnings released: EPS: CN¥0.12 (vs CN¥0.16 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.12 (down from CN¥0.16 in 2Q 2021). Revenue: CN¥9.40b (down 6.2% from 2Q 2021). Net income: CN¥71.5m (down 24% from 2Q 2021). Profit margin: 0.8% (down from 0.9% in 2Q 2021). Over the next year, revenue is forecast to grow 22%, compared to a 30% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Apr 29First quarter 2022 earnings released: EPS: CN¥0.32 (vs CN¥0.30 in 1Q 2021)First quarter 2022 results: EPS: CN¥0.32 (up from CN¥0.30 in 1Q 2021). Revenue: CN¥8.67b (flat on 1Q 2021). Net income: CN¥190.4m (up 12% from 1Q 2021). Profit margin: 2.2% (up from 2.0% in 1Q 2021). Over the next year, revenue is forecast to grow 16%, compared to a 27% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. Independent Director Hailan Liu was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
Reported Earnings • Apr 16Full year 2021 earnings released: EPS: CN¥0.68 (vs CN¥0.57 in FY 2020)Full year 2021 results: EPS: CN¥0.68 (up from CN¥0.57 in FY 2020). Revenue: CN¥36.4b (up 26% from FY 2020). Net income: CN¥387.1m (up 19% from FY 2020). Profit margin: 1.1% (in line with FY 2020). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Oct 20Third quarter 2021 earnings released: EPS CN¥0.06 (vs CN¥0.12 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CN¥9.53b (up 19% from 3Q 2020). Net income: CN¥33.9m (down 53% from 3Q 2020). Profit margin: 0.4% (down from 0.9% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Aug 26Second quarter 2021 earnings released: EPS CN¥0.24 (vs CN¥0.15 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥9.00b (up 52% from 2Q 2020). Net income: CN¥136.7m (up 67% from 2Q 2020). Profit margin: 1.5% (up from 1.4% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 47% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Jul 22Investor sentiment improved over the past weekAfter last week's 18% share price gain to CN¥29.96, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 19x in the Metals and Mining industry in China. Total returns to shareholders of 285% over the past three years.
Valuation Update With 7 Day Price Move • May 26Investor sentiment improved over the past weekAfter last week's 17% share price gain to CN¥30.30, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 16x in the Metals and Mining industry in China. Total returns to shareholders of 143% over the past three years.
Reported Earnings • Apr 16Full year 2020 earnings released: EPS CN¥0.75 (vs CN¥0.56 in FY 2019)The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: CN¥28.9b (up 36% from FY 2019). Net income: CN¥326.1m (up 40% from FY 2019). Profit margin: 1.1% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.
Is New 90 Day High Low • Jan 31New 90-day low: CN¥21.63The company is down 3.0% from its price of CN¥22.28 on 03 November 2020. The Chinese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥2.50 per share.
Is New 90 Day High Low • Dec 25New 90-day high: CN¥27.32The company is up 28% from its price of CN¥21.34 on 25 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥2.53 per share.
Is New 90 Day High Low • Nov 19New 90-day high: CN¥24.99The company is up 4.0% from its price of CN¥23.95 on 21 August 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥2.48 per share.
Reported Earnings • Oct 29Third quarter earnings releasedOver the last 12 months the company has reported total profits of CN¥363.8m, up 86% from the prior year. Total revenue was CN¥23.6b over the last 12 months, up 16% from the prior year.
