Chinese (SSE) Metals and Mining Industry Analysis

Industry Valuation and Performance

Has the Chinese Metals and Mining Industry valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Tue, 14 Jul 2026	CN¥5.4t	CN¥5.2t	CN¥240.7b	31.5x	22.5x	1x
Thu, 11 Jun 2026	CN¥5.8t	CN¥5.2t	CN¥239.8b	33.5x	24.2x	1.1x
Sat, 09 May 2026	CN¥6.9t	CN¥5.1t	CN¥238.6b	42.9x	28.8x	1.3x
Mon, 06 Apr 2026	CN¥6.2t	CN¥4.9t	CN¥210.7b	38.4x	29.3x	1.2x
Wed, 04 Mar 2026	CN¥7.0t	CN¥4.8t	CN¥178.9b	46.7x	39x	1.5x
Fri, 30 Jan 2026	CN¥7.3t	CN¥4.8t	CN¥178.8b	47x	41x	1.5x
Sun, 28 Dec 2025	CN¥5.6t	CN¥4.8t	CN¥178.5b	38.9x	31.3x	1.2x
Tue, 25 Nov 2025	CN¥4.9t	CN¥4.8t	CN¥178.5b	33.9x	27.4x	1x
Thu, 23 Oct 2025	CN¥5.0t	CN¥4.7t	CN¥162.4b	35.9x	30.8x	1.1x
Sat, 20 Sep 2025	CN¥3.7t	CN¥4.1t	CN¥99.7b	36.3x	36.8x	0.9x
Mon, 18 Aug 2025	CN¥3.4t	CN¥4.1t	CN¥96.6b	35.8x	35.6x	0.8x
Wed, 16 Jul 2025	CN¥3.1t	CN¥4.1t	CN¥96.9b	31.5x	32.1x	0.8x
Fri, 13 Jun 2025	CN¥2.9t	CN¥4.0t	CN¥95.9b	30.5x	30.7x	0.7x
Sun, 11 May 2025	CN¥2.8t	CN¥4.0t	CN¥95.4b	29.3x	29.7x	0.7x
Tue, 08 Apr 2025	CN¥2.6t	CN¥4.0t	CN¥93.0b	27.4x	28x	0.7x
Thu, 06 Mar 2025	CN¥2.8t	CN¥4.0t	CN¥98.1b	28.7x	28.8x	0.7x
Sat, 01 Feb 2025	CN¥2.7t	CN¥4.0t	CN¥97.8b	26.7x	27.3x	0.7x
Mon, 30 Dec 2024	CN¥2.7t	CN¥4.0t	CN¥97.8b	27.6x	27.3x	0.7x
Wed, 27 Nov 2024	CN¥2.7t	CN¥4.0t	CN¥97.6b	26.8x	27.3x	0.7x
Fri, 25 Oct 2024	CN¥2.8t	CN¥4.1t	CN¥115.6b	27.3x	24x	0.7x
Sun, 22 Sep 2024	CN¥2.3t	CN¥4.1t	CN¥114.4b	21.8x	19.9x	0.6x
Tue, 20 Aug 2024	CN¥2.4t	CN¥4.1t	CN¥113.5b	23.4x	21x	0.6x
Thu, 18 Jul 2024	CN¥2.6t	CN¥4.1t	CN¥112.3b	25.7x	22.8x	0.6x
Sat, 15 Jun 2024	CN¥2.6t	CN¥4.1t	CN¥111.8b	26.6x	23.6x	0.6x
Mon, 13 May 2024	CN¥2.9t	CN¥4.1t	CN¥113.9b	29.7x	25.4x	0.7x
Wed, 10 Apr 2024	CN¥2.9t	CN¥4.1t	CN¥121.0b	29.6x	23.9x	0.7x
Fri, 08 Mar 2024	CN¥2.6t	CN¥4.1t	CN¥117.1b	28.2x	22.1x	0.6x
Sun, 04 Feb 2024	CN¥2.2t	CN¥4.1t	CN¥116.0b	23.3x	19.2x	0.5x
Tue, 02 Jan 2024	CN¥2.6t	CN¥4.1t	CN¥111.9b	30.9x	23.3x	0.6x
Thu, 30 Nov 2023	CN¥2.6t	CN¥4.1t	CN¥111.6b	31.8x	23.7x	0.6x
Sat, 28 Oct 2023	CN¥2.7t	CN¥4.1t	CN¥104.2b	29.6x	25.5x	0.7x
Mon, 25 Sep 2023	CN¥2.8t	CN¥4.1t	CN¥101.3b	31.1x	27.3x	0.7x
Wed, 23 Aug 2023	CN¥2.7t	CN¥4.1t	CN¥112.7b	29x	24.3x	0.7x
Fri, 21 Jul 2023	CN¥2.8t	CN¥4.1t	CN¥118.3b	30.3x	23.5x	0.7x

Current Industry PE

Investors are pessimistic on the Chinese Metals and Mining industry, indicating that they anticipate long term growth rates will be lower than they have historically.

The industry is trading at a PE ratio of 22.5x which is lower than its 3-year average PE of 27.5x.

The 3-year average PS ratio of 0.82x is lower than the industry's current PS ratio of 1.0x.

Past Earnings Growth

The earnings for companies in the Metals and Mining industry have grown 27% per year over the last three years.
Revenues for these companies have grown 7.7% per year.
This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Chinese Materials industry?


CN Market	-5.61%
Materials	-10.60%
Metals and Mining	-8.14%
Aluminum	-3.30%
Gold	-3.75%
Steel	-6.26%
Copper	-10.74%
Diversified Metals and Mining	-11.94%
Precious Metals and Minerals	-14.16%

Industry PE

Investors are most optimistic about the Steel industry which is trading above its 3-year average PE ratio of 42.4x.

Analysts are expecting annual earnings growth of 29.0%, which is higher than its past year's earnings growth of 4.5% per year.

Investors are most pessimistic about the Gold industry, which is trading below its 3-year average of 32.6x.

Forecasted Growth

Analysts are most optimistic on the Copper industry, expecting annual earnings growth of 41% over the next 5 years.
This is better than its past earnings growth rate of 30% per year.

In contrast, the Precious Metals and Minerals industry is expected to see its earnings grow by 11% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

Company	Last Price	7D	1Y	Valuation
002379 Shandong Hongqiao Aluminum Industry Holding	CN¥17.49	20.7% +CN¥39.1b	31.5%	PE11.6x
601899 Zijin Mining Group	CN¥29.06	5.2% +CN¥38.0b	52.0%	PE12.4x
600673 Guangdong HEC Technology Holding	CN¥38.75	10.9% +CN¥11.5b	176.4%	PE999.3x
603993 CMOC Group	CN¥18.21	2.9% +CN¥11.1b	124.8%	PE16.1x
601168 Western MiningLtd	CN¥33.17	15.7% +CN¥10.7b	103.5%	PE17.9x

Company

Last Price

Valuation

002379 Shandong Hongqiao Aluminum Industry Holding

CN¥17.49

20.7%
+CN¥39.1b

31.5%

PE11.6x

601899 Zijin Mining Group

CN¥29.06

5.2%
+CN¥38.0b

52.0%

PE12.4x

600673 Guangdong HEC Technology Holding

CN¥38.75

10.9%
+CN¥11.5b

176.4%

PE999.3x

603993 CMOC Group

CN¥18.21

2.9%
+CN¥11.1b

124.8%

PE16.1x

601168 Western MiningLtd

CN¥33.17

15.7%
+CN¥10.7b

103.5%

PE17.9x

Zijin Mining Group Company Limited Provides Earnings Guidance for the Six Months Ended 30 June 2026

Zijin Mining Group Company Limited provided earnings guidance for the six months ended 30 June 2026. For the period, the company expects net profit attributable to owners of approximately RMB 39.1 billion representing an increase of approximately RMB15.8 billion, or an increase of approximately 68% compared with the same period last year. It is estimated that the Company realised a net profit attributable to owners of the listed company after non-recurring profit or loss of approximately RMB 37.9 billion for the first half of 2026, representing an increase of approximately RMB16.3 billion, or an increase of approximately 75% compared with the same period last year. Among which, it is estimated that the Company realised a net profit attributable to owners of the listed company after non-recurring profit or loss of approximately RMB 19.4 billion for the second quarter of 2026, representing an increase of approximately RMB 0.9 billion, or an increase of approximately 5% compared with the first quarter of 2026. Based on the preliminary estimation by the Finance Department, it is estimated that the Company realised a net profit attributable to owners of the listed company of approximately RMB39.1 billion for the first half of 2026, representing an increase of approximately RMB 15.8 billion, or an increase of approximately 68% compared with the same period last year (same period last year: RMB 23.3 billion). It is estimated that the Company realised a net profit attributable to owners of the listed company after non- recurring profit or loss of approximately RMB 37.9 billion for the first half of 2026, representing an increase of approximately RMB16.3 billion, or an increase of approximately 75% compared with the same period last year (same period last year: RMB 21.6 billion). Among which, it is estimated that the Company realised a net profit attributable to owners of the listed company after non-recurring profit or loss of approximately RMB 19.4 billion for the second quarter of 2026, representing an increase of approximately RMB 0.9 billion, or an increase of approximately 5% compared with the first quarter of 2026 (first quarter of 2026: RMB 18.5 billion).

Chinese (SSE) Metals and Mining Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

Investor sentiment improves as stock rises 21%

Investor sentiment improves as stock rises 16%

Investor sentiment deteriorates as stock falls 18%

CMOC Group Limited Provides Preliminary Unaudited Group Earnings Guidance for the First Half Ended 30 June 2026

Zijin Mining Group Company Limited Provides Earnings Guidance for the Six Months Ended 30 June 2026

Investor sentiment deteriorates as stock falls 22%

Investor sentiment deteriorates as stock falls 19%

Price target decreased by 13% to CN¥34.10

Investor sentiment deteriorates as stock falls 18%

Investor sentiment deteriorates as stock falls 16%

Now 23% undervalued

High number of new directors

Investor sentiment improves as stock rises 20%

Yunnan Aluminium Co., Ltd. to Report First Half, 2026 Results on Aug 28, 2026

Yunnan Lincang Xinyuan Germanium Industry Co.,LTD to Report First Half, 2026 Results on Aug 28, 2026

Guangdong HEC Technology Holding Co., Ltd to Report First Half, 2026 Results on Aug 18, 2026