Aankondiging • Apr 25
North Copper Co., Ltd., Annual General Meeting, May 27, 2026 North Copper Co., Ltd., Annual General Meeting, May 27, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Yuanqu County, Shanxi China Aankondiging • Mar 31
North Copper Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026 North Copper Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 Aankondiging • Dec 31
North Copper Co., Ltd. to Report Fiscal Year 2025 Results on Apr 25, 2026 North Copper Co., Ltd. announced that they will report fiscal year 2025 results on Apr 25, 2026 Aankondiging • Sep 30
North Copper Co., Ltd. to Report Q3, 2025 Results on Oct 25, 2025 North Copper Co., Ltd. announced that they will report Q3, 2025 results on Oct 25, 2025 Aankondiging • Jul 02
North Copper Co., Ltd. to Report First Half, 2025 Results on Aug 29, 2025 North Copper Co., Ltd. announced that they will report first half, 2025 results on Aug 29, 2025 Aankondiging • May 18
North Copper Co., Ltd. Approves Cash Dividend for 2024 North Copper Co., Ltd. at its Annual General Meeting held on 15 May 2025, approved cash dividend of CNY 1.10000000 per 10 shares (tax included) for 2024. Aankondiging • Apr 25
North Copper Co., Ltd., Annual General Meeting, May 15, 2025 North Copper Co., Ltd., Annual General Meeting, May 15, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Yuanqu County, Shanxi China Aankondiging • Mar 31
North Copper Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025 North Copper Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 Aankondiging • Jan 25
North Copper Co., Ltd. Announces Directors Appointments North Copper Co., Ltd. held its 1st Extraordinary General Meeting of 2025 on 23 January 2025, were approved; Lv Renjie as non-independent director, Wang Xiaoliang, independent director and Wang Xiaozheng, non-employee supervisor. Aankondiging • Dec 31
North Copper Co., Ltd. to Report Fiscal Year 2024 Results on Apr 25, 2025 North Copper Co., Ltd. announced that they will report fiscal year 2024 results on Apr 25, 2025 Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: CN¥0.049 (vs CN¥0.11 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.049 (down from CN¥0.11 in 3Q 2023). Revenue: CN¥5.75b (up 136% from 3Q 2023). Net income: CN¥86.5m (down 57% from 3Q 2023). Profit margin: 1.5% (down from 8.3% in 3Q 2023). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥10.42, the stock trades at a trailing P/E ratio of 23.7x. Average trailing P/E is 24x in the Metals and Mining industry in China. Total returns to shareholders of 90% over the past year. Aankondiging • Sep 30
North Copper Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024 North Copper Co., Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024 Reported Earnings • Aug 29
Second quarter 2024 earnings released: EPS: CN¥0.13 (vs CN¥0.065 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.13 (up from CN¥0.065 in 2Q 2023). Revenue: CN¥6.91b (up 255% from 2Q 2023). Net income: CN¥224.5m (up 96% from 2Q 2023). Profit margin: 3.2% (down from 5.9% in 2Q 2023). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Jul 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥10.57, the stock trades at a trailing P/E ratio of 28.3x. Average trailing P/E is 26x in the Metals and Mining industry in China. Total returns to shareholders of 87% over the past year. Aankondiging • Jun 29
North Copper Co., Ltd. to Report First Half, 2024 Results on Aug 29, 2024 North Copper Co., Ltd. announced that they will report first half, 2024 results on Aug 29, 2024 Valuation Update With 7 Day Price Move • Jun 05
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥10.22, the stock trades at a trailing P/E ratio of 27.3x. Average trailing P/E is 28x in the Metals and Mining industry in China. Total returns to shareholders of 85% over the past year. Valuation Update With 7 Day Price Move • May 15
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥11.60, the stock trades at a trailing P/E ratio of 31x. Average trailing P/E is 29x in the Metals and Mining industry in China. Total returns to shareholders of 102% over the past year. New Risk • May 08
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 12% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. 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). Share price has been highly volatile over the past 3 months (12% average weekly change). High level of non-cash earnings (35% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Aankondiging • Apr 28
North Copper Co., Ltd., Annual General Meeting, May 22, 2024 North Copper Co., Ltd., Annual General Meeting, May 22, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Yuanqu County, Shanxi China Agenda: To approve 2023 work report of the board of directors; to approve 2023 work report of the supervisory committee; to approve 2023 annual report and its summary; to approve 2023 annual accounts report; to approve 2024 financial budget report; to approve 2023 profit distribution plan; and to launch monetary financial derivative hedging business. Aankondiging • Apr 27
North Copper Co., Ltd. Proposes Final Cash Dividend for the Year 2023 North Copper Co., Ltd. proposed final cash dividend per 10 shares (tax included) of CNY 1.00000000 for the year 2023. New Risk • Apr 26
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 39% 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (39% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (12% average weekly change). Reported Earnings • Apr 26
Full year 2023 earnings released: EPS: CN¥0.35 (vs CN¥0.34 in FY 2022) Full year 2023 results: EPS: CN¥0.35 (up from CN¥0.34 in FY 2022). Revenue: CN¥9.32b (down 13% from FY 2022). Net income: CN¥618.8m (up 1.4% from FY 2022). Profit margin: 6.6% (up from 5.7% in FY 2022). The increase in margin was driven by lower expenses. Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to CN¥9.02, the stock trades at a trailing P/E ratio of 29.1x. Average trailing P/E is 27x in the Metals and Mining industry in China. Total returns to shareholders of 36% over the past year. New Risk • Apr 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 10% 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 Risk Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (10% average weekly change). Valuation Update With 7 Day Price Move • Apr 02
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥8.92, the stock trades at a trailing P/E ratio of 30.5x. Average trailing P/E is 28x in the Metals and Mining industry in China. Total returns to shareholders of 40% over the past year. Aankondiging • Mar 30
North Copper Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024 North Copper Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥6.81, the stock trades at a trailing P/E ratio of 21.2x. Average trailing P/E is 29x in the Metals and Mining industry in China. Total returns to shareholders of 11% over the past year. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥4.61, the stock trades at a trailing P/E ratio of 14.3x. Average trailing P/E is 25x in the Metals and Mining industry in China. Total loss to shareholders of 26% over the past year. Aankondiging • Dec 29
North Copper Co., Ltd. to Report Fiscal Year 2023 Results on Apr 26, 2024 North Copper Co., Ltd. announced that they will report fiscal year 2023 results on Apr 26, 2024 Board Change • Nov 29
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 7 new directors. 4 experienced directors. No highly experienced directors. 4 independent directors (5 non-independent directors). Shareholder Supervisor Weigang Jia is the most experienced director on the board, commencing their role in 2019. Independent Director Yingkui Li 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. Lack of experienced directors. New Risk • Nov 01
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 12% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. This is currently the only risk that has been identified for the company. Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.11 (vs CN¥0.032 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.11 (up from CN¥0.032 in 3Q 2022). Revenue: CN¥2.44b (up 4.7% from 3Q 2022). Net income: CN¥201.6m (up 258% from 3Q 2022). Profit margin: 8.3% (up from 2.4% in 3Q 2022). The increase in margin was primarily driven by higher revenue. Reported Earnings • Aug 06
First quarter 2023 earnings released: EPS: CN¥0.12 (vs CN¥0.15 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.12 (down from CN¥0.15 in 1Q 2022). Revenue: CN¥2.59b (down 18% from 1Q 2022). Net income: CN¥203.6m (down 24% from 1Q 2022). Profit margin: 7.9% (down from 8.5% in 1Q 2022). The decrease in margin was driven by lower revenue. Reported Earnings • Apr 12
Full year 2022 earnings released: EPS: CN¥0.34 (vs CN¥0.49 in FY 2021) Full year 2022 results: EPS: CN¥0.34 (down from CN¥0.49 in FY 2021). Revenue: CN¥10.7b (up 7.2% from FY 2021). Net income: CN¥610.0m (down 27% from FY 2021). Profit margin: 5.7% (down from 8.4% in FY 2021). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Nov 08
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥5.57, the stock trades at a trailing P/E ratio of 13.2x. Average trailing P/E is 28x in the Chemicals industry in China. Reported Earnings • Oct 29
Third quarter 2022 earnings released: EPS: CN¥0.032 (vs CN¥0.015 loss in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.032 (up from CN¥0.015 loss in 3Q 2021). Revenue: CN¥2.33b (up CN¥2.09b from 3Q 2021). Net income: CN¥56.3m (up CN¥64.1m from 3Q 2021). Profit margin: 2.4% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Reported Earnings • Aug 27
Second quarter 2022 earnings released: EPS: CN¥0.14 (vs CN¥0.011 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.14 (up from CN¥0.011 in 2Q 2021). Revenue: CN¥2.63b (up CN¥2.35b from 2Q 2021). Net income: CN¥255.0m (up CN¥249.3m from 2Q 2021). Profit margin: 9.7% (up from 2.1% in 2Q 2021). The increase in margin was driven by higher revenue. 
