Ximei Resources Holding Limited's (HKG:9936) 26% Price Boost Is Out Of Tune With Earnings
Aug 22
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Hong Kong (HSI) Metals and Mining Industry Analysis
UpdatedAug 23, 2025
DataAggregated Company Financials
Companies55
- 7D-3.3%
- 3M36.6%
- 1Y65.5%
- YTD74.1%
Over the last 7 days, the Metals and Mining industry has dropped 3.3%, driven by a pullback from Zijin Mining Group of 5.1%. Meanwhile, China Hongqiao Group actually outperformed within the industry, gaining 5.4% in the last week. Over the past 12 months, the industry was up 66%. Earnings are forecast to grow by 13% annually.
Industry Valuation and Performance
Has the Hong Kong Metals and Mining Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 23 Aug 2025 | HK$1.8t | HK$2.3t | HK$136.5b | 13.3x | 13.1x | 0.8x |
| Mon, 21 Jul 2025 | HK$1.6t | HK$2.3t | HK$131.0b | 10.5x | 12x | 0.7x |
| Wed, 18 Jun 2025 | HK$1.5t | HK$2.3t | HK$130.7b | 9.6x | 11.4x | 0.6x |
| Fri, 16 May 2025 | HK$1.3t | HK$2.3t | HK$110.6b | 8.9x | 12.2x | 0.6x |
| Sun, 13 Apr 2025 | HK$1.3t | HK$2.3t | HK$102.8b | 9.4x | 12.2x | 0.6x |
| Tue, 11 Mar 2025 | HK$1.3t | HK$2.2t | HK$86.8b | 11.1x | 15.2x | 0.6x |
| Thu, 06 Feb 2025 | HK$1.2t | HK$2.2t | HK$86.3b | 11.2x | 14.2x | 0.6x |
| Sat, 04 Jan 2025 | HK$1.1t | HK$2.2t | HK$85.8b | 10.8x | 13.4x | 0.5x |
| Mon, 02 Dec 2024 | HK$1.2t | HK$2.2t | HK$86.6b | 10.1x | 13.6x | 0.5x |
| Wed, 30 Oct 2024 | HK$1.3t | HK$2.3t | HK$92.4b | 9.4x | 14x | 0.6x |
| Fri, 27 Sep 2024 | HK$1.3t | HK$2.3t | HK$88.7b | 9.7x | 14.4x | 0.6x |
| Sun, 25 Aug 2024 | HK$1.2t | HK$2.2t | HK$76.8b | 9.6x | 15.1x | 0.5x |
| Tue, 23 Jul 2024 | HK$1.2t | HK$2.2t | HK$64.1b | 10.5x | 19.1x | 0.6x |
| Thu, 20 Jun 2024 | HK$1.3t | HK$2.2t | HK$64.2b | 11.1x | 19.7x | 0.6x |
| Sat, 18 May 2024 | HK$1.4t | HK$2.2t | HK$64.4b | 11.8x | 21.1x | 0.6x |
| Mon, 15 Apr 2024 | HK$1.3t | HK$2.2t | HK$63.1b | 12.5x | 20.9x | 0.6x |
| Wed, 13 Mar 2024 | HK$1.0t | HK$2.2t | HK$45.2b | 9.9x | 23x | 0.5x |
| Fri, 09 Feb 2024 | HK$916.7b | HK$2.2t | HK$45.7b | 9.1x | 20.1x | 0.4x |
| Sun, 07 Jan 2024 | HK$931.0b | HK$2.3t | HK$41.2b | 9.4x | 22.6x | 0.4x |
| Tue, 05 Dec 2023 | HK$927.2b | HK$2.3t | HK$41.2b | 8.7x | 22.5x | 0.4x |
| Thu, 02 Nov 2023 | HK$935.7b | HK$2.2t | HK$40.4b | 8.7x | 23.2x | 0.4x |
| Sat, 30 Sep 2023 | HK$965.9b | HK$2.2t | HK$33.4b | 9.6x | 28.9x | 0.4x |
| Mon, 28 Aug 2023 | HK$945.2b | HK$2.2t | HK$40.6b | 7.2x | 23.3x | 0.4x |
| Wed, 26 Jul 2023 | HK$995.3b | HK$2.3t | HK$63.4b | 7.3x | 15.7x | 0.4x |
| Fri, 23 Jun 2023 | HK$917.8b | HK$2.3t | HK$63.4b | 7.1x | 14.5x | 0.4x |
| Sun, 21 May 2023 | HK$931.3b | HK$2.3t | HK$64.4b | 7.2x | 14.5x | 0.4x |
| Tue, 18 Apr 2023 | HK$1.1t | HK$2.4t | HK$72.5b | 8.1x | 15.7x | 0.5x |
| Thu, 16 Mar 2023 | HK$1.0t | HK$2.3t | HK$97.2b | 7.2x | 10.4x | 0.4x |
| Sat, 11 Feb 2023 | HK$1.0t | HK$2.4t | HK$99.2b | 7.5x | 10.1x | 0.4x |
| Mon, 09 Jan 2023 | HK$913.9b | HK$2.3t | HK$98.4b | 7x | 9.3x | 0.4x |
| Wed, 07 Dec 2022 | HK$918.3b | HK$2.3t | HK$100.0b | 6.7x | 9.2x | 0.4x |
| Fri, 04 Nov 2022 | HK$718.4b | HK$2.2t | HK$95.5b | 5.1x | 7.5x | 0.3x |
| Sun, 02 Oct 2022 | HK$733.0b | HK$2.3t | HK$107.6b | 5.5x | 6.8x | 0.3x |
| Tue, 30 Aug 2022 | HK$864.0b | HK$2.4t | HK$115.3b | 5.6x | 7.5x | 0.4x |
Price to Earnings Ratio
7.5x
Current Industry PE
- Investors are pessimistic on the Hong Kong 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 13.1x which is lower than its 3-year average PE of 15.6x.
- The industry is trading close to its 3-year average PS ratio of 0.49x.
Past Earnings Growth
- The earnings for companies in the Metals and Mining industry have grown 5.8% per year over the last three years, while revenues have remained mostly flat.
- This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.
Industry Trends
Which industries have driven the changes within the Hong Kong Materials industry?
| HK Market | 0.48% | |
| Materials | -2.45% | |
| Metals and Mining | -3.26% | |
| Aluminum | -0.55% | |
| Diversified Metals and Mining | -2.87% | |
| Steel | -3.49% | |
| Copper | -4.75% | |
| Gold | -4.91% | |
| Silver | -6.67% | |
Industry PE
- Investors are most optimistic about the Gold industry, which is trading close to its 3-year average PE ratio of 17.9x.
- Analysts are expecting annual earnings growth of 15.4%, which is lower than the prior year's growth of 91.6% per year.
Forecasted Growth
- Analysts are most optimistic on the Steel industry, expecting annual earnings growth of 98% over the next 5 years.
- This is better than its past earnings decline of 3.1% per year.
- In contrast, the Aluminum industry is expected to see its earnings decline by 3.9% 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 | |
|---|---|---|---|---|---|
| 1378 China Hongqiao Group | HK$24.64 | 5.4% +HK$14.6b | 137.8% | PE8.5x | |
| 2610 Nanshan Aluminium International Holdings | HK$44.18 | 3.5% +HK$872.4m | n/a | PE8.3x | |
| 826 Tiangong International | HK$2.54 | 9.5% +HK$599.5m | 53.9% | PE17.7x | |
| 2245 Lygend Resources & Technology | HK$15.92 | 2.4% +HK$575.7m | 151.1% | PE12.8x | |
| 3788 China Hanking Holdings | HK$2.60 | 6.1% +HK$288.1m | 209.5% | PE25.8x |
