View ValuationXiamen TungstenLtd 향후 성장Future 기준 점검 4/6Xiamen TungstenLtd (는) 각각 연간 24% 및 17.4% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 24.1% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 25.3% 로 예상됩니다.핵심 정보24.0%이익 성장률24.07%EPS 성장률Metals and Mining 이익 성장23.5%매출 성장률17.4%향후 자기자본이익률25.32%애널리스트 커버리지Low마지막 업데이트03 Jun 2026최근 향후 성장 업데이트업데이트 없음모든 업데이트 보기Recent updatesBoard Change • 12hLess 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 Yingqi Li was the last independent director to join the board, commencing their role in 2026. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Valuation Update With 7 Day Price Move • Jul 06Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to CN¥70.84, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 16x in the Metals and Mining industry in China. Total returns to shareholders of 291% over the past three years.공고 • Jun 30Xiamen Tungsten Co.,Ltd. to Report First Half, 2026 Results on Aug 21, 2026Xiamen Tungsten Co.,Ltd. announced that they will report first half, 2026 results on Aug 21, 2026Valuation Update With 7 Day Price Move • Jun 19Investor sentiment improves as stock rises 33%After last week's 33% share price gain to CN¥85.91, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 17x in the Metals and Mining industry in China. Total returns to shareholders of 391% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥147 per share.Valuation Update With 7 Day Price Move • Jun 03Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥60.01, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 17x in the Metals and Mining industry in China. Total returns to shareholders of 246% over the past three years.Board Change • May 20Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Hao Miao Zhu was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.공고 • Apr 24Xiamen Tungsten Co.,Ltd., Annual General Meeting, May 15, 2026Xiamen Tungsten Co.,Ltd., Annual General Meeting, May 15, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Xiamen, Fujian China공고 • Apr 16+ 1 more updateXiamen Tungsten Co.,Ltd. (SHSE:600549) completed the acquisition of 39% stake in Jiujiang Dadi Mining Development Co., Ltd. from Beijing Shangdaxin Investment Co., Ltd.Xiamen Tungsten Co.,Ltd. (SHSE:600549) agreed to acquire 39% stake in Jiujiang Dadi Mining Development Co., Ltd. from Beijing Shangdaxin Investment Co., Ltd. for approximately CNY 170 million on February 10, 2026. As per the transaction, will pay a deposit of CNY 28 million within 5 working days after the intent agreement takes effect. Upon the formal signing of the “equity transfer agreement”, this deposit shall automatically be converted as payment for the 1st installment of the equity transfer price. As of October 31, 2025, Jiujiang Dadi Mining Development Co., Ltd. reported total assets of CNY 260.82 million and total common equity of CNY 78.5 million. As per the announcement dated March 24, 2026 the transaction has been approved by Xiamen Tungsten Co.,Ltd. Audit Committee, the Independent Directors' Special Meeting, and the 25th Meeting of the 10th Board of Directors. Xiamen Tungsten Co.,Ltd. (SHSE:600549) completed the acquisition of 39% stake in Jiujiang Dadi Mining Development Co., Ltd. from Beijing Shangdaxin Investment Co., Ltd. on April 15, 2026.공고 • Mar 30Xiamen Tungsten Co.,Ltd. to Report Q1, 2026 Results on Apr 24, 2026Xiamen Tungsten Co.,Ltd. announced that they will report Q1, 2026 results on Apr 24, 2026공고 • Dec 26Xiamen Tungsten Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 24, 2026Xiamen Tungsten Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 24, 2026공고 • Sep 30Xiamen Tungsten Co.,Ltd. to Report Q3, 2025 Results on Oct 25, 2025Xiamen Tungsten Co.,Ltd. announced that they will report Q3, 2025 results on Oct 25, 2025공고 • Jun 30Xiamen Tungsten Co.,Ltd. to Report First Half, 2025 Results on Aug 22, 2025Xiamen Tungsten Co.,Ltd. announced that they will report first half, 2025 results on Aug 22, 2025공고 • May 15Xiamen Tungsten New Energy Material Co., Ltd. agreed to acquire 47% stake in Ganzhou Haopeng Technology Co., Ltd. from Xiamen Tungsten Co.,Ltd. (SHSE:600549) for approximately ¥120 million.Xiamen Tungsten New Energy Material Co., Ltd. agreed to acquire 47% stake in Ganzhou Haopeng Technology Co., Ltd. from Xiamen Tungsten Co.,Ltd. (SHSE:600549) for approximately ¥120 million on May 15, 2025. A cash consideration of ¥119.67 million will be paid by Xiamen Tungsten New Energy Material Co., Ltd. As of March 31, 2025, Ganzhou Haopeng Technology Co., Ltd. reported total assets of ¥176.9 million and total common equity of ¥153.07 million. The transaction has been approved by the board of Xiamen Tungsten Co.,Ltd.공고 • Apr 26Xiamen Tungsten Co.,Ltd., Annual General Meeting, May 28, 2025Xiamen Tungsten Co.,Ltd., Annual General Meeting, May 28, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Xiamen, Fujian China공고 • Mar 28Xiamen Tungsten Co.,Ltd. to Report Q1, 2025 Results on Apr 26, 2025Xiamen Tungsten Co.,Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025공고 • Dec 27Xiamen Tungsten Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 26, 2025Xiamen Tungsten Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 26, 2025Reported Earnings • Oct 26Third quarter 2024 earnings released: EPS: CN¥0.27 (vs CN¥0.26 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.27 (up from CN¥0.26 in 3Q 2023). Revenue: CN¥9.21b (down 15% from 3Q 2023). Net income: CN¥385.8m (up 4.3% from 3Q 2023). Profit margin: 4.2% (up from 3.4% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Sep 30Investor sentiment improves as stock rises 19%After last week's 19% share price gain to CN¥20.92, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 14x in the Metals and Mining industry in China. Total loss to shareholders of 6.8% over the past three years.공고 • Sep 30Xiamen Tungsten Co.,Ltd. to Report Q3, 2024 Results on Oct 26, 2024Xiamen Tungsten Co.,Ltd. announced that they will report Q3, 2024 results on Oct 26, 2024Reported Earnings • Aug 23Second quarter 2024 earnings released: EPS: CN¥0.42 (vs CN¥0.25 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.42 (up from CN¥0.25 in 2Q 2023). Revenue: CN¥8.89b (down 13% from 2Q 2023). Net income: CN¥589.5m (up 68% from 2Q 2023). Profit margin: 6.6% (up from 3.5% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 8.6% 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 12% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings.Reported Earnings • Jul 16Second quarter 2024 earnings released: EPS: CN¥0.42 (vs CN¥0.25 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.42 (up from CN¥0.25 in 2Q 2023). Revenue: CN¥8.89b (down 13% from 2Q 2023). Net income: CN¥588.1m (up 67% from 2Q 2023). Profit margin: 6.6% (up from 3.5% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings.공고 • Jun 29Xiamen Tungsten Co.,Ltd. to Report First Half, 2024 Results on Aug 23, 2024Xiamen Tungsten Co.,Ltd. announced that they will report first half, 2024 results on Aug 23, 2024Reported Earnings • Apr 20First quarter 2024 earnings released: EPS: CN¥0.30 (vs CN¥0.31 in 1Q 2023)First quarter 2024 results: EPS: CN¥0.30 (down from CN¥0.31 in 1Q 2023). Revenue: CN¥8.27b (down 3.4% from 1Q 2023). Net income: CN¥427.1m (down 2.9% from 1Q 2023). Profit margin: 5.2% (up from 5.1% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 9.9% 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 but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.공고 • Apr 20Xiamen Tungsten Co.,Ltd., Annual General Meeting, May 10, 2024Xiamen Tungsten Co.,Ltd., Annual General Meeting, May 10, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Xiamen, Fujian China공고 • Mar 29Xiamen Tungsten Co.,Ltd. to Report Q1, 2024 Results on Apr 19, 2024Xiamen Tungsten Co.,Ltd. announced that they will report Q1, 2024 results on Apr 19, 2024Valuation Update With 7 Day Price Move • Feb 12Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥16.47, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 11x in the Metals and Mining industry in China. Total loss to shareholders of 18% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥7.62 per share.Reported Earnings • Jan 17Full year 2023 earnings released: EPS: CN¥1.13 (vs CN¥1.03 in FY 2022)Full year 2023 results: EPS: CN¥1.13 (up from CN¥1.03 in FY 2022). Revenue: CN¥39.4b (down 18% from FY 2022). Net income: CN¥1.60b (up 11% from FY 2022). Profit margin: 4.1% (up from 3.0% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.공고 • Dec 30Xiamen Tungsten Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 19, 2024Xiamen Tungsten Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 19, 2024공고 • Dec 22Xiamen Tungsten's Indirect Controlling Shareholder Plans to Raise Company StakeXiamen Tungsten Co.,Ltd. (SHSE:600549) said indirect controlling shareholder plans to raise stake in the company by CNY 50 million- CNY 100 million ($7.01 million -$14.01 million) within six months.Reported Earnings • Oct 25Third quarter 2023 earnings released: EPS: CN¥0.26 (vs CN¥0.28 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.26 (down from CN¥0.28 in 3Q 2022). Revenue: CN¥10.8b (down 15% from 3Q 2022). Net income: CN¥369.8m (down 7.1% from 3Q 2022). Profit margin: 3.4% (up from 3.1% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 18% 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 24% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.공고 • Sep 30Xiamen Tungsten Co.,Ltd. to Report Q3, 2023 Results on Oct 25, 2023Xiamen Tungsten Co.,Ltd. announced that they will report Q3, 2023 results on Oct 25, 2023Reported Earnings • Aug 26Second quarter 2023 earnings released: EPS: CN¥0.25 (vs CN¥0.38 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.25 (down from CN¥0.38 in 2Q 2022). Revenue: CN¥10.2b (down 26% from 2Q 2022). Net income: CN¥351.2m (down 34% from 2Q 2022). Profit margin: 3.5% (down from 3.9% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 15% 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 33% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.Reported Earnings • Jul 15Second quarter 2023 earnings released: EPS: CN¥0.25 (vs CN¥0.38 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.25 (down from CN¥0.38 in 2Q 2022). Revenue: CN¥10.2b (down 26% from 2Q 2022). Net income: CN¥351.8m (down 34% from 2Q 2022). Profit margin: 3.5% (down from 3.9% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 23% 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 33% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.공고 • Jun 28Xiamen Tungsten Co.,Ltd. to Report First Half, 2023 Results on Aug 26, 2023Xiamen Tungsten Co.,Ltd. announced that they will report first half, 2023 results on Aug 26, 2023공고 • May 19Xiamen Tungsten Co.,Ltd. announced that it expects to receive CNY 4 billion in funding from Fujian Yekong Equity Investment Management Co., Ltd.Xiamen Tungsten Co., Ltd. announced a private placement of 425,537,760 A shares for gross proceeds of CNY 4,000,000,000 on May 18, 2023. The issuance price of this of stocks shall not be lower than 80% of the average stock trading price of the 20 trading days before the pricing base date. The company will issue the shares to not more than 35 (including 35) specific investors, including Fujian Metallurgical (Holding) Co., Ltd., On the same date, the transaction was approved at the 26th meeting of the ninth session of the board of directors and the twelfth session of the ninth session of the board of supervisors. The transaction is subjected to the approval of shareholders, Shanghai Stock Exchange, China Securities Regulatory Commission, and Fujian Provincial State-owned Assets Supervision and Administration Commission. All securities issued in the transaction are subject to a hold period of 36 months from the issuance closing date.Reported Earnings • Apr 26First quarter 2023 earnings released: EPS: CN¥0.31 (vs CN¥0.27 in 1Q 2022)First quarter 2023 results: EPS: CN¥0.31 (up from CN¥0.27 in 1Q 2022). Revenue: CN¥8.56b (down 19% from 1Q 2022). Net income: CN¥440.1m (up 16% from 1Q 2022). Profit margin: 5.1% (up from 3.6% in 1Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 27% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.Reported Earnings • Jan 23Full year 2022 earnings released: EPS: CN¥1.04 (vs CN¥0.84 in FY 2021)Full year 2022 results: EPS: CN¥1.04 (up from CN¥0.84 in FY 2021). Revenue: CN¥48.2b (up 51% from FY 2021). Net income: CN¥1.46b (up 24% from FY 2021). Profit margin: 3.0% (down from 3.7% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 24% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.Board Change • Nov 16Less than half of directors are independentThere 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: 3 independent directors. 6 non-independent directors. Independent Director Wenwen Cheng 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.Valuation Update With 7 Day Price Move • Nov 05Investor sentiment improved over the past weekAfter last week's 17% share price gain to CN¥23.23, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 14x in the Metals and Mining industry in China. Total returns to shareholders of 87% over the past three years.Reported Earnings • Oct 28Third quarter 2022 earnings released: EPS: CN¥0.28 (vs CN¥0.22 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.28 (up from CN¥0.22 in 3Q 2021). Revenue: CN¥12.8b (up 61% from 3Q 2021). Net income: CN¥397.9m (up 29% from 3Q 2021). Profit margin: 3.1% (down from 3.9% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 23% 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 57% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging 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¥24.80, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 14x in the Metals and Mining industry in China. Total returns to shareholders of 98% over the past three years.Reported Earnings • Jul 16Second quarter 2022 earnings released: EPS: CN¥0.38 (vs CN¥0.27 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.38 (up from CN¥0.27 in 2Q 2021). Revenue: CN¥13.7b (up 72% from 2Q 2021). Net income: CN¥532.3m (up 40% from 2Q 2021). Profit margin: 3.9% (down from 4.8% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 7.2%, compared to a 36% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • May 19Investor sentiment improved over the past weekAfter last week's 16% share price gain to CN¥19.27, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 13x in the Metals and Mining industry in China. Total returns to shareholders of 36% over the past three years.Board Change • Apr 27Less 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. 6 non-independent directors. Independent Director Xiao Jie Ye was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Feb 17Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: CN¥0.84 (up from CN¥0.44 in FY 2020). Revenue: CN¥3.18m (down 100% from FY 2020). Net income: CN¥117.9k (down 100% from FY 2020). Profit margin: 3.7% (up from 3.2% in FY 2020). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 17%. Over the next year, revenue is forecast to grow 964,806%, compared to a 10,827% growth forecast for the mining industry in China. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Nov 23Investor sentiment improved over the past weekAfter last week's 16% share price gain to CN¥24.57, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 18x in the Metals and Mining industry in China. Total returns to shareholders of 95% over the past three years.Reported Earnings • Aug 27Second quarter 2021 earnings released: EPS CN¥0.27 (vs CN¥0.12 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥7.93b (up 81% from 2Q 2020). Net income: CN¥379.2m (up 135% from 2Q 2020). Profit margin: 4.8% (up from 3.7% 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 29% per year and the company’s share price has also increased by 29% per year.Valuation Update With 7 Day Price Move • Aug 25Investor sentiment improved over the past weekAfter last week's 15% share price gain to CN¥30.15, the stock trades at a forward P/E ratio of 43x. Average forward P/E is 21x in the Metals and Mining industry in China. Total returns to shareholders of 124% over the past three years.Valuation Update With 7 Day Price Move • Jul 23Investor sentiment improved over the past weekAfter last week's 16% share price gain to CN¥31.20, the stock trades at a forward P/E ratio of 46x. Average forward P/E is 20x in the Metals and Mining industry in China. Total returns to shareholders of 114% over the past three years.Valuation Update With 7 Day Price Move • Jul 08Investor sentiment improved over the past weekAfter last week's 16% share price gain to CN¥23.93, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 18x in the Metals and Mining industry in China. Total returns to shareholders of 64% over the past three years.Reported Earnings • Apr 25First quarter 2021 earnings released: EPS CN¥0.22 (vs CN¥0.051 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥6.30b (up 78% from 1Q 2020). Net income: CN¥308.0m (up 328% from 1Q 2020). Profit margin: 4.9% (up from 2.0% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.Reported Earnings • Apr 01Full year 2020 earnings released: EPS CN¥0.44 (vs CN¥0.18 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥19.0b (up 9.0% from FY 2019). Net income: CN¥614.1m (up 136% from FY 2019). Profit margin: 3.2% (up from 1.5% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.Valuation Update With 7 Day Price Move • Mar 10Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to CN¥18.81, the stock is trading at a trailing P/E ratio of 51x, down from the previous P/E ratio of 60.2x. This compares to an average P/E of 33x in the Metals and Mining industry in China. Total return to shareholders over the past three years is a loss of 3.7%.Valuation Update With 7 Day Price Move • Feb 11Investor sentiment improved over the past weekAfter last week's 18% share price gain to CN¥20.83, the stock is trading at a trailing P/E ratio of 56.4x, up from the previous P/E ratio of 47.7x. This compares to an average P/E of 29x in the Metals and Mining industry in China. Total returns to shareholders over the past three years are 22%.Is New 90 Day High Low • Feb 11New 90-day high: CN¥20.83The company is up 40% from its price of CN¥14.83 on 13 November 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥25.22 per share.Is New 90 Day High Low • Jan 21New 90-day high: CN¥18.14The company is up 33% from its price of CN¥13.61 on 23 October 2020. The Chinese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥23.21 per share.Valuation Update With 7 Day Price Move • Dec 21Investor sentiment improved over the past weekAfter last week's 21% share price gain to CN¥17.60, the stock is trading at a trailing P/E ratio of 47.7x, up from the previous P/E ratio of 39.5x. This compares to an average P/E of 32x in the Metals and Mining industry in China. Total return to shareholders over the past three years is a loss of 3.2%.Is New 90 Day High Low • Dec 18New 90-day high: CN¥16.50The company is up 16% from its price of CN¥14.28 on 18 September 2020. The Chinese 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 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥23.90 per share.Is New 90 Day High Low • Nov 17New 90-day high: CN¥15.45The company is up 2.0% from its price of CN¥15.10 on 19 August 2020. The Chinese market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥21.92 per share.Reported Earnings • Oct 30Third quarter earnings releasedOver the last 12 months the company has reported total profits of CN¥520.8m, up 228% from the prior year. Total revenue was CN¥17.5b over the last 12 months, down 3.5% from the prior year.이익 및 매출 성장 예측XSSC:600549 - 애널리스트 향후 추정치 및 과거 재무 데이터 (CNY Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/202890,2726,5727,9773,343212/31/202788,8735,4024,95614,162312/31/202677,6484,8885,8591,33333/31/202653,5893,033-1,324795N/A12/31/202546,2652,3099822,971N/A9/30/202541,0472,0831,3823,193N/A6/30/202537,4321,6591382,010N/A3/31/202535,5221,6681592,095N/A12/31/202435,3731,7129313,058N/A9/30/202436,2391,8432,4334,639N/A6/30/202437,8301,8273,0025,118N/A3/31/202439,1061,5892,5534,852N/A12/31/202339,3981,6022,1824,286N/A9/30/202340,8351,3014002,359N/A6/30/202342,7951,329-1,500437N/A3/31/202346,2791,507-1,552162N/A12/31/202248,2231,446-2,093-360N/A9/30/202246,5961,490-3,005-1,200N/A6/30/202241,7871,399-1,375352N/A3/31/202236,0601,251-894664N/A12/31/202131,8521,179-3301,040N/A9/30/202128,3161,2403371,340N/A6/30/202125,2621,0682221,193N/A3/31/202121,7268503831,321N/A12/31/202018,9646146501,644N/A9/30/202017,4925211,2742,645N/A6/30/202016,9364171,8723,309N/A3/31/202017,1183598182,217N/A12/31/201917,396261N/A1,905N/A9/30/201918,141158N/A2,195N/A6/30/201919,277242N/A1,383N/A3/31/201919,956443N/A793N/A12/31/201819,557499N/A371N/A9/30/201818,186481N/A-908N/A6/30/201816,671499N/A-1,226N/A3/31/201815,212517N/A-904N/A12/31/201714,188618N/A-930N/A9/30/201713,028581N/A-615N/A6/30/201711,210532N/A16N/A3/31/20179,437258N/A378N/A12/31/20168,528147N/A1,206N/A9/30/20167,340-443N/A180N/A6/30/20166,840-628N/A259N/A3/31/20167,800-667N/A67N/A12/31/20157,755-662N/A-1,263N/A9/30/201510,139163N/A382N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 600549 의 연간 예상 수익 증가율(24%)이 saving rate(2.4%)보다 높습니다.수익 vs 시장: 600549 의 연간 수익(24%)이 CN 시장(26.1%)보다 느리게 성장할 것으로 예상됩니다.고성장 수익: 600549 의 수입은 향후 3년 동안 상당히 증가할 것으로 예상됩니다.수익 대 시장: 600549 의 수익(연간 17.4%)이 CN 시장(연간 16.1%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: 600549 의 수익(연간 17.4%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 600549의 자본 수익률은 3년 후 25.3%로 높을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YMaterials 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/07/23 02:35종가2026/07/23 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델의 세부 정보는 당사의 GitHub 페이지에서 확인하실 수 있습니다. 또한 보고서 사용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Xiamen Tungsten Co.,Ltd.는 15명의 분석가가 다루고 있습니다. 이 중 3명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Hua LiChina Galaxy Securities Co., Ltd.Changzhou WangChina International Capital Corporation LimitedNing LiChina Stock Investment Research Co. Ltd. (DeepValue.online)12명의 분석가 더 보기
Board Change • 12hLess 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 Yingqi Li was the last independent director to join the board, commencing their role in 2026. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Valuation Update With 7 Day Price Move • Jul 06Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to CN¥70.84, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 16x in the Metals and Mining industry in China. Total returns to shareholders of 291% over the past three years.
공고 • Jun 30Xiamen Tungsten Co.,Ltd. to Report First Half, 2026 Results on Aug 21, 2026Xiamen Tungsten Co.,Ltd. announced that they will report first half, 2026 results on Aug 21, 2026
Valuation Update With 7 Day Price Move • Jun 19Investor sentiment improves as stock rises 33%After last week's 33% share price gain to CN¥85.91, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 17x in the Metals and Mining industry in China. Total returns to shareholders of 391% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥147 per share.
Valuation Update With 7 Day Price Move • Jun 03Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥60.01, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 17x in the Metals and Mining industry in China. Total returns to shareholders of 246% over the past three years.
Board Change • May 20Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Hao Miao Zhu was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
공고 • Apr 24Xiamen Tungsten Co.,Ltd., Annual General Meeting, May 15, 2026Xiamen Tungsten Co.,Ltd., Annual General Meeting, May 15, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Xiamen, Fujian China
공고 • Apr 16+ 1 more updateXiamen Tungsten Co.,Ltd. (SHSE:600549) completed the acquisition of 39% stake in Jiujiang Dadi Mining Development Co., Ltd. from Beijing Shangdaxin Investment Co., Ltd.Xiamen Tungsten Co.,Ltd. (SHSE:600549) agreed to acquire 39% stake in Jiujiang Dadi Mining Development Co., Ltd. from Beijing Shangdaxin Investment Co., Ltd. for approximately CNY 170 million on February 10, 2026. As per the transaction, will pay a deposit of CNY 28 million within 5 working days after the intent agreement takes effect. Upon the formal signing of the “equity transfer agreement”, this deposit shall automatically be converted as payment for the 1st installment of the equity transfer price. As of October 31, 2025, Jiujiang Dadi Mining Development Co., Ltd. reported total assets of CNY 260.82 million and total common equity of CNY 78.5 million. As per the announcement dated March 24, 2026 the transaction has been approved by Xiamen Tungsten Co.,Ltd. Audit Committee, the Independent Directors' Special Meeting, and the 25th Meeting of the 10th Board of Directors. Xiamen Tungsten Co.,Ltd. (SHSE:600549) completed the acquisition of 39% stake in Jiujiang Dadi Mining Development Co., Ltd. from Beijing Shangdaxin Investment Co., Ltd. on April 15, 2026.
공고 • Mar 30Xiamen Tungsten Co.,Ltd. to Report Q1, 2026 Results on Apr 24, 2026Xiamen Tungsten Co.,Ltd. announced that they will report Q1, 2026 results on Apr 24, 2026
공고 • Dec 26Xiamen Tungsten Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 24, 2026Xiamen Tungsten Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 24, 2026
공고 • Sep 30Xiamen Tungsten Co.,Ltd. to Report Q3, 2025 Results on Oct 25, 2025Xiamen Tungsten Co.,Ltd. announced that they will report Q3, 2025 results on Oct 25, 2025
공고 • Jun 30Xiamen Tungsten Co.,Ltd. to Report First Half, 2025 Results on Aug 22, 2025Xiamen Tungsten Co.,Ltd. announced that they will report first half, 2025 results on Aug 22, 2025
공고 • May 15Xiamen Tungsten New Energy Material Co., Ltd. agreed to acquire 47% stake in Ganzhou Haopeng Technology Co., Ltd. from Xiamen Tungsten Co.,Ltd. (SHSE:600549) for approximately ¥120 million.Xiamen Tungsten New Energy Material Co., Ltd. agreed to acquire 47% stake in Ganzhou Haopeng Technology Co., Ltd. from Xiamen Tungsten Co.,Ltd. (SHSE:600549) for approximately ¥120 million on May 15, 2025. A cash consideration of ¥119.67 million will be paid by Xiamen Tungsten New Energy Material Co., Ltd. As of March 31, 2025, Ganzhou Haopeng Technology Co., Ltd. reported total assets of ¥176.9 million and total common equity of ¥153.07 million. The transaction has been approved by the board of Xiamen Tungsten Co.,Ltd.
공고 • Apr 26Xiamen Tungsten Co.,Ltd., Annual General Meeting, May 28, 2025Xiamen Tungsten Co.,Ltd., Annual General Meeting, May 28, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Xiamen, Fujian China
공고 • Mar 28Xiamen Tungsten Co.,Ltd. to Report Q1, 2025 Results on Apr 26, 2025Xiamen Tungsten Co.,Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025
공고 • Dec 27Xiamen Tungsten Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 26, 2025Xiamen Tungsten Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 26, 2025
Reported Earnings • Oct 26Third quarter 2024 earnings released: EPS: CN¥0.27 (vs CN¥0.26 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.27 (up from CN¥0.26 in 3Q 2023). Revenue: CN¥9.21b (down 15% from 3Q 2023). Net income: CN¥385.8m (up 4.3% from 3Q 2023). Profit margin: 4.2% (up from 3.4% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Sep 30Investor sentiment improves as stock rises 19%After last week's 19% share price gain to CN¥20.92, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 14x in the Metals and Mining industry in China. Total loss to shareholders of 6.8% over the past three years.
공고 • Sep 30Xiamen Tungsten Co.,Ltd. to Report Q3, 2024 Results on Oct 26, 2024Xiamen Tungsten Co.,Ltd. announced that they will report Q3, 2024 results on Oct 26, 2024
Reported Earnings • Aug 23Second quarter 2024 earnings released: EPS: CN¥0.42 (vs CN¥0.25 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.42 (up from CN¥0.25 in 2Q 2023). Revenue: CN¥8.89b (down 13% from 2Q 2023). Net income: CN¥589.5m (up 68% from 2Q 2023). Profit margin: 6.6% (up from 3.5% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 8.6% 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 12% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings.
Reported Earnings • Jul 16Second quarter 2024 earnings released: EPS: CN¥0.42 (vs CN¥0.25 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.42 (up from CN¥0.25 in 2Q 2023). Revenue: CN¥8.89b (down 13% from 2Q 2023). Net income: CN¥588.1m (up 67% from 2Q 2023). Profit margin: 6.6% (up from 3.5% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings.
공고 • Jun 29Xiamen Tungsten Co.,Ltd. to Report First Half, 2024 Results on Aug 23, 2024Xiamen Tungsten Co.,Ltd. announced that they will report first half, 2024 results on Aug 23, 2024
Reported Earnings • Apr 20First quarter 2024 earnings released: EPS: CN¥0.30 (vs CN¥0.31 in 1Q 2023)First quarter 2024 results: EPS: CN¥0.30 (down from CN¥0.31 in 1Q 2023). Revenue: CN¥8.27b (down 3.4% from 1Q 2023). Net income: CN¥427.1m (down 2.9% from 1Q 2023). Profit margin: 5.2% (up from 5.1% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 9.9% 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 but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
공고 • Apr 20Xiamen Tungsten Co.,Ltd., Annual General Meeting, May 10, 2024Xiamen Tungsten Co.,Ltd., Annual General Meeting, May 10, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Xiamen, Fujian China
공고 • Mar 29Xiamen Tungsten Co.,Ltd. to Report Q1, 2024 Results on Apr 19, 2024Xiamen Tungsten Co.,Ltd. announced that they will report Q1, 2024 results on Apr 19, 2024
Valuation Update With 7 Day Price Move • Feb 12Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥16.47, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 11x in the Metals and Mining industry in China. Total loss to shareholders of 18% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥7.62 per share.
Reported Earnings • Jan 17Full year 2023 earnings released: EPS: CN¥1.13 (vs CN¥1.03 in FY 2022)Full year 2023 results: EPS: CN¥1.13 (up from CN¥1.03 in FY 2022). Revenue: CN¥39.4b (down 18% from FY 2022). Net income: CN¥1.60b (up 11% from FY 2022). Profit margin: 4.1% (up from 3.0% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
공고 • Dec 30Xiamen Tungsten Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 19, 2024Xiamen Tungsten Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 19, 2024
공고 • Dec 22Xiamen Tungsten's Indirect Controlling Shareholder Plans to Raise Company StakeXiamen Tungsten Co.,Ltd. (SHSE:600549) said indirect controlling shareholder plans to raise stake in the company by CNY 50 million- CNY 100 million ($7.01 million -$14.01 million) within six months.
Reported Earnings • Oct 25Third quarter 2023 earnings released: EPS: CN¥0.26 (vs CN¥0.28 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.26 (down from CN¥0.28 in 3Q 2022). Revenue: CN¥10.8b (down 15% from 3Q 2022). Net income: CN¥369.8m (down 7.1% from 3Q 2022). Profit margin: 3.4% (up from 3.1% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 18% 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 24% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
공고 • Sep 30Xiamen Tungsten Co.,Ltd. to Report Q3, 2023 Results on Oct 25, 2023Xiamen Tungsten Co.,Ltd. announced that they will report Q3, 2023 results on Oct 25, 2023
Reported Earnings • Aug 26Second quarter 2023 earnings released: EPS: CN¥0.25 (vs CN¥0.38 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.25 (down from CN¥0.38 in 2Q 2022). Revenue: CN¥10.2b (down 26% from 2Q 2022). Net income: CN¥351.2m (down 34% from 2Q 2022). Profit margin: 3.5% (down from 3.9% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 15% 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 33% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Jul 15Second quarter 2023 earnings released: EPS: CN¥0.25 (vs CN¥0.38 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.25 (down from CN¥0.38 in 2Q 2022). Revenue: CN¥10.2b (down 26% from 2Q 2022). Net income: CN¥351.8m (down 34% from 2Q 2022). Profit margin: 3.5% (down from 3.9% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 23% 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 33% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.
공고 • Jun 28Xiamen Tungsten Co.,Ltd. to Report First Half, 2023 Results on Aug 26, 2023Xiamen Tungsten Co.,Ltd. announced that they will report first half, 2023 results on Aug 26, 2023
공고 • May 19Xiamen Tungsten Co.,Ltd. announced that it expects to receive CNY 4 billion in funding from Fujian Yekong Equity Investment Management Co., Ltd.Xiamen Tungsten Co., Ltd. announced a private placement of 425,537,760 A shares for gross proceeds of CNY 4,000,000,000 on May 18, 2023. The issuance price of this of stocks shall not be lower than 80% of the average stock trading price of the 20 trading days before the pricing base date. The company will issue the shares to not more than 35 (including 35) specific investors, including Fujian Metallurgical (Holding) Co., Ltd., On the same date, the transaction was approved at the 26th meeting of the ninth session of the board of directors and the twelfth session of the ninth session of the board of supervisors. The transaction is subjected to the approval of shareholders, Shanghai Stock Exchange, China Securities Regulatory Commission, and Fujian Provincial State-owned Assets Supervision and Administration Commission. All securities issued in the transaction are subject to a hold period of 36 months from the issuance closing date.
Reported Earnings • Apr 26First quarter 2023 earnings released: EPS: CN¥0.31 (vs CN¥0.27 in 1Q 2022)First quarter 2023 results: EPS: CN¥0.31 (up from CN¥0.27 in 1Q 2022). Revenue: CN¥8.56b (down 19% from 1Q 2022). Net income: CN¥440.1m (up 16% from 1Q 2022). Profit margin: 5.1% (up from 3.6% in 1Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 27% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Jan 23Full year 2022 earnings released: EPS: CN¥1.04 (vs CN¥0.84 in FY 2021)Full year 2022 results: EPS: CN¥1.04 (up from CN¥0.84 in FY 2021). Revenue: CN¥48.2b (up 51% from FY 2021). Net income: CN¥1.46b (up 24% from FY 2021). Profit margin: 3.0% (down from 3.7% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 24% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.
Board Change • Nov 16Less than half of directors are independentThere 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: 3 independent directors. 6 non-independent directors. Independent Director Wenwen Cheng 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.
Valuation Update With 7 Day Price Move • Nov 05Investor sentiment improved over the past weekAfter last week's 17% share price gain to CN¥23.23, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 14x in the Metals and Mining industry in China. Total returns to shareholders of 87% over the past three years.
Reported Earnings • Oct 28Third quarter 2022 earnings released: EPS: CN¥0.28 (vs CN¥0.22 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.28 (up from CN¥0.22 in 3Q 2021). Revenue: CN¥12.8b (up 61% from 3Q 2021). Net income: CN¥397.9m (up 29% from 3Q 2021). Profit margin: 3.1% (down from 3.9% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 23% 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 57% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging 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¥24.80, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 14x in the Metals and Mining industry in China. Total returns to shareholders of 98% over the past three years.
Reported Earnings • Jul 16Second quarter 2022 earnings released: EPS: CN¥0.38 (vs CN¥0.27 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.38 (up from CN¥0.27 in 2Q 2021). Revenue: CN¥13.7b (up 72% from 2Q 2021). Net income: CN¥532.3m (up 40% from 2Q 2021). Profit margin: 3.9% (down from 4.8% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 7.2%, compared to a 36% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • May 19Investor sentiment improved over the past weekAfter last week's 16% share price gain to CN¥19.27, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 13x in the Metals and Mining industry in China. Total returns to shareholders of 36% over the past three years.
Board Change • Apr 27Less 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. 6 non-independent directors. Independent Director Xiao Jie Ye was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Feb 17Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: CN¥0.84 (up from CN¥0.44 in FY 2020). Revenue: CN¥3.18m (down 100% from FY 2020). Net income: CN¥117.9k (down 100% from FY 2020). Profit margin: 3.7% (up from 3.2% in FY 2020). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 17%. Over the next year, revenue is forecast to grow 964,806%, compared to a 10,827% growth forecast for the mining industry in China. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Nov 23Investor sentiment improved over the past weekAfter last week's 16% share price gain to CN¥24.57, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 18x in the Metals and Mining industry in China. Total returns to shareholders of 95% over the past three years.
Reported Earnings • Aug 27Second quarter 2021 earnings released: EPS CN¥0.27 (vs CN¥0.12 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥7.93b (up 81% from 2Q 2020). Net income: CN¥379.2m (up 135% from 2Q 2020). Profit margin: 4.8% (up from 3.7% 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 29% per year and the company’s share price has also increased by 29% per year.
Valuation Update With 7 Day Price Move • Aug 25Investor sentiment improved over the past weekAfter last week's 15% share price gain to CN¥30.15, the stock trades at a forward P/E ratio of 43x. Average forward P/E is 21x in the Metals and Mining industry in China. Total returns to shareholders of 124% over the past three years.
Valuation Update With 7 Day Price Move • Jul 23Investor sentiment improved over the past weekAfter last week's 16% share price gain to CN¥31.20, the stock trades at a forward P/E ratio of 46x. Average forward P/E is 20x in the Metals and Mining industry in China. Total returns to shareholders of 114% over the past three years.
Valuation Update With 7 Day Price Move • Jul 08Investor sentiment improved over the past weekAfter last week's 16% share price gain to CN¥23.93, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 18x in the Metals and Mining industry in China. Total returns to shareholders of 64% over the past three years.
Reported Earnings • Apr 25First quarter 2021 earnings released: EPS CN¥0.22 (vs CN¥0.051 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥6.30b (up 78% from 1Q 2020). Net income: CN¥308.0m (up 328% from 1Q 2020). Profit margin: 4.9% (up from 2.0% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Apr 01Full year 2020 earnings released: EPS CN¥0.44 (vs CN¥0.18 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥19.0b (up 9.0% from FY 2019). Net income: CN¥614.1m (up 136% from FY 2019). Profit margin: 3.2% (up from 1.5% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.
Valuation Update With 7 Day Price Move • Mar 10Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to CN¥18.81, the stock is trading at a trailing P/E ratio of 51x, down from the previous P/E ratio of 60.2x. This compares to an average P/E of 33x in the Metals and Mining industry in China. Total return to shareholders over the past three years is a loss of 3.7%.
Valuation Update With 7 Day Price Move • Feb 11Investor sentiment improved over the past weekAfter last week's 18% share price gain to CN¥20.83, the stock is trading at a trailing P/E ratio of 56.4x, up from the previous P/E ratio of 47.7x. This compares to an average P/E of 29x in the Metals and Mining industry in China. Total returns to shareholders over the past three years are 22%.
Is New 90 Day High Low • Feb 11New 90-day high: CN¥20.83The company is up 40% from its price of CN¥14.83 on 13 November 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥25.22 per share.
Is New 90 Day High Low • Jan 21New 90-day high: CN¥18.14The company is up 33% from its price of CN¥13.61 on 23 October 2020. The Chinese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥23.21 per share.
Valuation Update With 7 Day Price Move • Dec 21Investor sentiment improved over the past weekAfter last week's 21% share price gain to CN¥17.60, the stock is trading at a trailing P/E ratio of 47.7x, up from the previous P/E ratio of 39.5x. This compares to an average P/E of 32x in the Metals and Mining industry in China. Total return to shareholders over the past three years is a loss of 3.2%.
Is New 90 Day High Low • Dec 18New 90-day high: CN¥16.50The company is up 16% from its price of CN¥14.28 on 18 September 2020. The Chinese 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 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥23.90 per share.
Is New 90 Day High Low • Nov 17New 90-day high: CN¥15.45The company is up 2.0% from its price of CN¥15.10 on 19 August 2020. The Chinese market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥21.92 per share.
Reported Earnings • Oct 30Third quarter earnings releasedOver the last 12 months the company has reported total profits of CN¥520.8m, up 228% from the prior year. Total revenue was CN¥17.5b over the last 12 months, down 3.5% from the prior year.