Tongguan Gold Group (HKG:340) Has A Pretty Healthy Balance Sheet
Sep 14
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Hong Kong (HSI) Metals and Mining Industry Analysis
UpdatedSep 15, 2025
DataAggregated Company Financials
Companies54
- 7D5.9%
- 3M54.2%
- 1Y119.3%
- YTD112.4%
In the last week, the Metals and Mining industry is up 5.9%, with Zijin Mining Group up 6.5%. In the same time, Nanshan Aluminium International Holdings was down 7.2%. In the last 12 months, the industry was up 119%. Looking forward, 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 |
|---|---|---|---|---|---|---|
| Mon, 15 Sep 2025 | HK$2.1t | HK$2.3t | HK$143.7b | 14.5x | 14.8x | 0.9x |
| Wed, 13 Aug 2025 | HK$1.7t | HK$2.3t | HK$130.4b | 11.9x | 13.2x | 0.7x |
| Fri, 11 Jul 2025 | HK$1.5t | HK$2.3t | HK$131.3b | 9.5x | 11.5x | 0.7x |
| Sun, 08 Jun 2025 | HK$1.4t | HK$2.3t | HK$130.5b | 9.3x | 10.9x | 0.6x |
| Tue, 06 May 2025 | HK$1.3t | HK$2.3t | HK$109.4b | 9.1x | 12x | 0.6x |
| Thu, 03 Apr 2025 | HK$1.3t | HK$2.3t | HK$99.1b | 9.9x | 13.5x | 0.6x |
| Sat, 01 Mar 2025 | HK$1.2t | HK$2.2t | HK$86.2b | 11.3x | 13.7x | 0.5x |
| Mon, 27 Jan 2025 | HK$1.2t | HK$2.2t | HK$86.7b | 10.9x | 14.1x | 0.6x |
| Wed, 25 Dec 2024 | HK$1.1t | HK$2.2t | HK$85.9b | 9.8x | 13.4x | 0.5x |
| Fri, 22 Nov 2024 | HK$1.2t | HK$2.2t | HK$86.7b | 9.9x | 14.1x | 0.6x |
| Sun, 20 Oct 2024 | HK$1.3t | HK$2.3t | HK$87.9b | 9.6x | 14.9x | 0.6x |
| Tue, 17 Sep 2024 | HK$1.1t | HK$2.3t | HK$87.9b | 8.4x | 12.3x | 0.5x |
| Thu, 15 Aug 2024 | HK$1.1t | HK$2.2t | HK$65.7b | 10.1x | 17x | 0.5x |
| Sat, 13 Jul 2024 | HK$1.3t | HK$2.2t | HK$64.3b | 11.8x | 20.3x | 0.6x |
| Mon, 10 Jun 2024 | HK$1.3t | HK$2.2t | HK$64.3b | 11.6x | 20.4x | 0.6x |
| Wed, 08 May 2024 | HK$1.3t | HK$2.2t | HK$64.6b | 12.2x | 20.1x | 0.6x |
| Fri, 05 Apr 2024 | HK$1.3t | HK$2.2t | HK$62.9b | 11.6x | 19.9x | 0.6x |
| Sun, 03 Mar 2024 | HK$982.6b | HK$2.2t | HK$45.3b | 10.1x | 21.7x | 0.4x |
| Tue, 30 Jan 2024 | HK$917.9b | HK$2.2t | HK$41.0b | 9.1x | 22.4x | 0.4x |
| Thu, 28 Dec 2023 | HK$923.0b | HK$2.3t | HK$41.2b | 9.5x | 22.4x | 0.4x |
| Sat, 25 Nov 2023 | HK$916.4b | HK$2.2t | HK$41.0b | 8.3x | 22.4x | 0.4x |
| Mon, 23 Oct 2023 | HK$905.1b | HK$2.2t | HK$33.4b | 8.4x | 27.1x | 0.4x |
| Wed, 20 Sep 2023 | HK$1.0t | HK$2.2t | HK$33.4b | 9.9x | 30.5x | 0.5x |
| Fri, 18 Aug 2023 | HK$947.4b | HK$2.2t | HK$53.1b | 7.8x | 17.9x | 0.4x |
| Sun, 16 Jul 2023 | HK$982.7b | HK$2.3t | HK$63.5b | 7.2x | 15.5x | 0.4x |
| Tue, 13 Jun 2023 | HK$925.9b | HK$2.3t | HK$63.7b | 7x | 14.5x | 0.4x |
| Thu, 11 May 2023 | HK$1.0t | HK$2.3t | HK$65.1b | 7.5x | 15.9x | 0.4x |
| Sat, 08 Apr 2023 | HK$1.0t | HK$2.4t | HK$72.8b | 7.6x | 14.3x | 0.4x |
| Mon, 06 Mar 2023 | HK$1.0t | HK$2.3t | HK$98.2b | 7.3x | 10.6x | 0.4x |
| Wed, 01 Feb 2023 | HK$1.0t | HK$2.4t | HK$99.6b | 7.2x | 10.4x | 0.4x |
| Fri, 30 Dec 2022 | HK$879.8b | HK$2.3t | HK$100.4b | 6.5x | 8.8x | 0.4x |
| Sun, 27 Nov 2022 | HK$827.8b | HK$2.3t | HK$96.0b | 5.9x | 8.6x | 0.4x |
| Tue, 25 Oct 2022 | HK$652.8b | HK$2.3t | HK$105.9b | 5.3x | 6.2x | 0.3x |
| Thu, 22 Sep 2022 | HK$805.7b | HK$2.3t | HK$108.7b | 6.1x | 7.4x | 0.3x |
Price to Earnings Ratio
7.4x
Current Industry PE
- Investors are relatively neutral on the Hong Kong Metals and Mining industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 15.7x.
- The industry is trading close to its 3-year average PS ratio of 0.50x.
Past Earnings Growth
- The earnings for companies in the Metals and Mining industry have grown 9.8% 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 | 2.63% | |
| Materials | 5.32% | |
| Metals and Mining | 5.95% | |
| Copper | 11.61% | |
| Aluminum | 6.04% | |
| Gold | 5.74% | |
| Diversified Metals and Mining | 4.79% | |
| Steel | 4.48% | |
| Silver | 4.00% | |
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 14.2%, which is lower than the prior year's growth of 86.1% per year.
Forecasted Growth
- Analysts are most optimistic on the Steel industry, expecting annual earnings growth of 93% over the next 5 years.
- This is better than its past earnings decline of 21% per year.
- In contrast, the Aluminum industry is expected to see its earnings growth to stay flat 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 | |
|---|---|---|---|---|---|
| 2899 Zijin Mining Group | HK$29.54 | 6.5% +HK$47.7b | 100.4% | PE17.8x | |
| 1378 China Hongqiao Group | HK$26.60 | 8.1% +HK$19.0b | 163.4% | PE9.1x | |
| 3993 CMOC Group | HK$12.91 | 7.3% +HK$18.8b | 127.7% | PE15.1x | |
| 2600 Aluminum Corporation of China | HK$7.59 | 11.0% +HK$12.9b | 62.5% | PE9.6x | |
| 1258 China Nonferrous Mining | HK$13.01 | 20.9% +HK$8.8b | 168.2% | PE14.7x |
