New Risk • May 07
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.7% Last year net profit margin: 14% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 15% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (4.7% net profit margin). Reported Earnings • Apr 03
Full year 2025 earnings released: EPS: CN¥0.11 (vs CN¥0.12 in FY 2024) Full year 2025 results: EPS: CN¥0.11 (down from CN¥0.12 in FY 2024). Revenue: CN¥332.5m (down 3.1% from FY 2024). Net income: CN¥30.6m (down 13% from FY 2024). Profit margin: 9.2% (down from 10% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Announcement • Apr 03
Qinghai Jinrui Mining Development Co., Ltd, Annual General Meeting, Apr 28, 2026 Qinghai Jinrui Mining Development Co., Ltd, Annual General Meeting, Apr 28, 2026, at 14:30 China Standard Time. Location: 12F, No. 36, Xinning Road, Xining, Qinghai China Announcement • Mar 30
Qinghai Jinrui Mining Development Co., Ltd to Report Q1, 2026 Results on Apr 29, 2026 Qinghai Jinrui Mining Development Co., Ltd announced that they will report Q1, 2026 results on Apr 29, 2026 New Risk • Mar 12
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 10% 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. This is currently the only risk that has been identified for the company. New Risk • Jan 27
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 7.4% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.4% average weekly change). Announcement • Dec 26
Qinghai Jinrui Mining Development Co., Ltd to Report Fiscal Year 2025 Results on Apr 03, 2026 Qinghai Jinrui Mining Development Co., Ltd announced that they will report fiscal year 2025 results on Apr 03, 2026 Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥14.37, the stock trades at a trailing P/E ratio of 73.1x. Average trailing P/E is 25x in the Oil and Gas industry in China. Total returns to shareholders of 54% over the past three years. Announcement • Sep 30
Qinghai Jinrui Mining Development Co., Ltd to Report Q3, 2025 Results on Oct 29, 2025 Qinghai Jinrui Mining Development Co., Ltd announced that they will report Q3, 2025 results on Oct 29, 2025 New Risk • Sep 18
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 0.4% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Announcement • Jun 30
Qinghai Jinrui Mining Development Co., Ltd to Report First Half, 2025 Results on Aug 29, 2025 Qinghai Jinrui Mining Development Co., Ltd announced that they will report first half, 2025 results on Aug 29, 2025 New Risk • Jun 24
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 8.5% 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Jun 16
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to CN¥13.23, the stock trades at a trailing P/E ratio of 79.2x. Average trailing P/E is 14x in the Oil and Gas industry in China. Total loss to shareholders of 2.2% over the past three years. Reported Earnings • Apr 11
Full year 2024 earnings released: EPS: CN¥0.12 (vs CN¥0.03 in FY 2023) Full year 2024 results: EPS: CN¥0.12 (up from CN¥0.03 in FY 2023). Revenue: CN¥343.0m (up 25% from FY 2023). Net income: CN¥35.0m (up 357% from FY 2023). Profit margin: 10% (up from 2.8% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance. Announcement • Apr 11
Qinghai Jinrui Mining Development Co., Ltd, Annual General Meeting, May 08, 2025 Qinghai Jinrui Mining Development Co., Ltd, Annual General Meeting, May 08, 2025, at 10:00 China Standard Time. Location: 12F, No. 36, Xinning Road, Xining, Qinghai China Announcement • Mar 28
Qinghai Jinrui Mining Development Co., Ltd to Report Q1, 2025 Results on Apr 26, 2025 Qinghai Jinrui Mining Development Co., Ltd announced that they will report Q1, 2025 results on Apr 26, 2025 New Risk • Mar 12
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 10% 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 Share price has been highly volatile over the past 3 months (10% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 119% Cash payout ratio: 165% Minor Risk Large one-off items impacting financial results. New Risk • Jan 21
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 9.0% 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 119% Cash payout ratio: 165% Minor Risks Share price has been volatile over the past 3 months (9.0% average weekly change). Large one-off items impacting financial results. Announcement • Dec 27
Qinghai Jinrui Mining Development Co., Ltd to Report Fiscal Year 2024 Results on Apr 11, 2025 Qinghai Jinrui Mining Development Co., Ltd announced that they will report fiscal year 2024 results on Apr 11, 2025 Reported Earnings • Oct 22
Third quarter 2024 earnings released: EPS: CN¥0.045 (vs CN¥0.013 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.045 (up from CN¥0.013 in 3Q 2023). Revenue: CN¥92.5m (up 39% from 3Q 2023). Net income: CN¥13.1m (up 244% from 3Q 2023). Profit margin: 14% (up from 5.7% in 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance. Announcement • Sep 30
Qinghai Jinrui Mineral Development Co., Ltd to Report Q3, 2024 Results on Oct 22, 2024 Qinghai Jinrui Mineral Development Co., Ltd announced that they will report Q3, 2024 results on Oct 22, 2024 New Risk • Sep 07
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 209% Cash payout ratio: 234% Dividend yield: 2.9% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 209% Cash payout ratio: 234% Minor Risk Large one-off items impacting financial results. Reported Earnings • Aug 30
Second quarter 2024 earnings released: EPS: CN¥0.032 (vs CN¥0.012 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.032 (up from CN¥0.012 in 2Q 2023). Revenue: CN¥87.9m (up 38% from 2Q 2023). Net income: CN¥8.80m (up 193% from 2Q 2023). Profit margin: 10.0% (up from 4.7% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Announcement • Jun 28
Qinghai Jinrui Mineral Development Co., Ltd to Report First Half, 2024 Results on Aug 30, 2024 Qinghai Jinrui Mineral Development Co., Ltd announced that they will report first half, 2024 results on Aug 30, 2024 Reported Earnings • Apr 27
First quarter 2024 earnings released: EPS: CN¥0.007 (vs CN¥0.01 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.007 (down from CN¥0.01 in 1Q 2023). Revenue: CN¥73.3m (up 28% from 1Q 2023). Net income: CN¥2.13m (down 33% from 1Q 2023). Profit margin: 2.9% (down from 5.6% in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Announcement • Mar 29
Qinghai Jinrui Mineral Development Co., Ltd to Report Q1, 2024 Results on Apr 27, 2024 Qinghai Jinrui Mineral Development Co., Ltd announced that they will report Q1, 2024 results on Apr 27, 2024 Announcement • Mar 22
Qinghai Jinrui Mineral Development Co., Ltd, Annual General Meeting, Apr 12, 2024 Qinghai Jinrui Mineral Development Co., Ltd, Annual General Meeting, Apr 12, 2024, at 10:00 China Standard Time. Location: 12F, No. 36, Xinning Road, Xining, Qinghai China Reported Earnings • Mar 22
Full year 2023 earnings released: EPS: CN¥0.027 (vs CN¥0.19 in FY 2022) Full year 2023 results: EPS: CN¥0.027 (down from CN¥0.19 in FY 2022). Revenue: CN¥274.7m (down 26% from FY 2022). Net income: CN¥7.67m (down 86% from FY 2022). Profit margin: 2.8% (down from 15% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. New Risk • Feb 05
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 6.7% 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 0% Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.4% net profit margin). Announcement • Dec 29
Qinghai Jinrui Mineral Development Co., Ltd to Report Fiscal Year 2023 Results on Mar 22, 2024 Qinghai Jinrui Mineral Development Co., Ltd announced that they will report fiscal year 2023 results on Mar 22, 2024 New Risk • Nov 07
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 93% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 0% Paying a dividend despite having no free cash flows. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.4% net profit margin). Announcement • Sep 30
Qinghai Jinrui Mineral Development Co., Ltd to Report Q3, 2023 Results on Oct 27, 2023 Qinghai Jinrui Mineral Development Co., Ltd announced that they will report Q3, 2023 results on Oct 27, 2023 Announcement • Jun 28
Qinghai Jinrui Mineral Development Co., Ltd to Report First Half, 2023 Results on Aug 26, 2023 Qinghai Jinrui Mineral Development Co., Ltd announced that they will report first half, 2023 results on Aug 26, 2023 Reported Earnings • Apr 22
First quarter 2023 earnings released: EPS: CN¥0.01 (vs CN¥0.11 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.01 (down from CN¥0.11 in 1Q 2022). Revenue: CN¥57.3m (down 53% from 1Q 2022). Net income: CN¥3.19m (down 90% from 1Q 2022). Profit margin: 5.6% (down from 27% in 1Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. 1 highly experienced director. 3 independent directors (6 non-independent directors). Chairman of the Supervisory Board Yang Hai Feng was the last director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 21
Third quarter 2022 earnings released: EPS: CN¥0.016 (vs CN¥0.11 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.016 (down from CN¥0.11 in 3Q 2021). Revenue: CN¥78.2m (down 23% from 3Q 2021). Net income: CN¥4.54m (down 85% from 3Q 2021). Profit margin: 5.8% (down from 30% in 3Q 2021). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 20
Second quarter 2022 earnings released: EPS: CN¥0.076 (vs CN¥0.061 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.076 (up from CN¥0.061 in 2Q 2021). Revenue: CN¥106.7m (up 21% from 2Q 2021). Net income: CN¥21.8m (up 21% from 2Q 2021). Profit margin: 21% (in line with 2Q 2021). Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 02
First quarter 2022 earnings released: EPS: CN¥0.11 (vs CN¥0.01 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.11 (up from CN¥0.01 in 1Q 2021). Revenue: CN¥121.4m (up 134% from 1Q 2021). Net income: CN¥32.2m (up CN¥29.4m from 1Q 2021). Profit margin: 27% (up from 5.5% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Dec 09
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥14.25, the stock trades at a trailing P/E ratio of 75.4x. Average trailing P/E is 14x in the Oil and Gas industry in China. Total returns to shareholders of 120% over the past three years. Valuation Update With 7 Day Price Move • Nov 23
Investor sentiment improved over the past week After last week's 23% share price gain to CN¥11.39, the stock trades at a trailing P/E ratio of 60.3x. Average trailing P/E is 14x in the Oil and Gas industry in China. Total returns to shareholders of 79% over the past three years. Reported Earnings • Oct 23
Third quarter 2021 earnings released: EPS CN¥0.11 (vs CN¥0.003 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥101.3m (up 99% from 3Q 2020). Net income: CN¥30.4m (up CN¥29.6m from 3Q 2020). Profit margin: 30% (up from 1.5% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 27% per year whereas the company’s share price has increased by 23% per year. Reported Earnings • Apr 25
First quarter 2021 earnings released: EPS CN¥0.01 (vs CN¥0.01 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥51.9m (up 76% from 1Q 2020). Net income: CN¥2.84m (up CN¥5.78m from 1Q 2020). Profit margin: 5.5% (up from net loss in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 03
Full year 2020 earnings released: EPS CN¥0.012 (vs CN¥0.03 loss in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: CN¥163.0m (down 2.2% from FY 2019). Net income: CN¥3.58m (up CN¥13.0m from FY 2019). Profit margin: 2.2% (up from net loss in FY 2019). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Feb 23
New 90-day high: CN¥5.92 The company is up 1.0% from its price of CN¥5.86 on 25 November 2020. The Chinese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Oil and Gas industry, which is flat over the same period. Is New 90 Day High Low • Jan 29
New 90-day low: CN¥4.67 The company is down 10.0% from its price of CN¥5.20 on 30 October 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Oil and Gas industry, which is up 7.0% over the same period. Is New 90 Day High Low • Jan 07
New 90-day low: CN¥5.12 The company is down 9.0% from its price of CN¥5.60 on 09 October 2020. The Chinese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Oil and Gas industry, which is up 11% over the same period. Is New 90 Day High Low • Oct 29
New 90-day low: CN¥5.41 The company is down 15% from its price of CN¥6.40 on 31 July 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Oil and Gas industry, which is down 1.0% over the same period. Reported Earnings • Oct 25
Third quarter earnings released Over the last 12 months the company has reported total losses of CN¥10.4m, with earnings decreasing by CN¥18.7m from the prior year. Total revenue was CN¥154.9m over the last 12 months, down 18% from the prior year. Announcement • Oct 19
Qinghai Jinrui Mineral Development Co., Ltd to Report Q3, 2020 Results on Oct 24, 2020 Qinghai Jinrui Mineral Development Co., Ltd announced that they will report Q3, 2020 results on Oct 24, 2020 Announcement • Jul 09
Qinghai Jinrui Mineral Development Co., Ltd to Report First Half, 2020 Results on Aug 22, 2020 Qinghai Jinrui Mineral Development Co., Ltd announced that they will report first half, 2020 results on Aug 22, 2020 