SHSE:600111

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China Northern Rare Earth (Group) High-TechLtd

Executive Summary

China Northern Rare Earth (Group) High-Tech Co.,Ltd produces and sells rare earth raw materials in China and internationally. More Details


Snowflake Analysis

Mediocre balance sheet with concerning outlook.

Share Price & News

How has China Northern Rare Earth (Group) High-TechLtd's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 600111 is more volatile than 90% of CN stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: 600111's weekly volatility (11%) has been stable over the past year, but is still higher than 75% of CN stocks.


Market Performance


7 Day Return

4.4%

600111

1.9%

CN Metals and Mining

-0.1%

CN Market


1 Year Return

123.5%

600111

29.4%

CN Metals and Mining

19.1%

CN Market

Return vs Industry: 600111 exceeded the CN Metals and Mining industry which returned 29.4% over the past year.

Return vs Market: 600111 exceeded the CN Market which returned 19.1% over the past year.


Shareholder returns

600111IndustryMarket
7 Day4.4%1.9%-0.1%
30 Day32.3%7.3%-1.8%
90 Day61.8%12.0%0.7%
1 Year123.5%123.5%31.5%29.4%21.0%19.1%
3 Year61.0%59.9%7.7%2.3%24.1%18.0%
5 Year82.9%81.1%38.0%31.1%46.7%36.7%

Long-Term Price Volatility Vs. Market

How volatile is China Northern Rare Earth (Group) High-TechLtd's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is China Northern Rare Earth (Group) High-TechLtd undervalued compared to its fair value and its price relative to the market?

117.79x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 600111 (CN¥21.59) is trading above our estimate of fair value (CN¥11.23)

Significantly Below Fair Value: 600111 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 600111 is poor value based on its PE Ratio (117.8x) compared to the CN Metals and Mining industry average (33.7x).

PE vs Market: 600111 is poor value based on its PE Ratio (117.8x) compared to the CN market (34.7x).


Price to Earnings Growth Ratio

PEG Ratio: 600111 is poor value based on its PEG Ratio (6.5x)


Price to Book Ratio

PB vs Industry: 600111 is overvalued based on its PB Ratio (7.7x) compared to the CN Metals and Mining industry average (2.2x).


Next Steps

Future Growth

How is China Northern Rare Earth (Group) High-TechLtd forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

18.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 600111's forecast earnings growth (18% per year) is above the savings rate (3.3%).

Earnings vs Market: 600111's earnings (18% per year) are forecast to grow slower than the CN market (24.8% per year).

High Growth Earnings: 600111's earnings are forecast to grow, but not significantly.

Revenue vs Market: 600111's revenue (10.4% per year) is forecast to grow slower than the CN market (18.1% per year).

High Growth Revenue: 600111's revenue (10.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if 600111's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has China Northern Rare Earth (Group) High-TechLtd performed over the past 5 years?

25.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 600111 has a large one-off gain of CN¥207.5M impacting its September 30 2020 financial results.

Growing Profit Margin: 600111's current net profit margins (3.4%) are lower than last year (3.6%).


Past Earnings Growth Analysis

Earnings Trend: 600111's earnings have grown significantly by 25% per year over the past 5 years.

Accelerating Growth: 600111's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 600111 had negative earnings growth (-0.3%) over the past year, making it difficult to compare to the Metals and Mining industry average (7.1%).


Return on Equity

High ROE: 600111's Return on Equity (5.3%) is considered low.


Next Steps

Financial Health

How is China Northern Rare Earth (Group) High-TechLtd's financial position?


Financial Position Analysis

Short Term Liabilities: 600111's short term assets (CN¥18.6B) exceed its short term liabilities (CN¥5.1B).

Long Term Liabilities: 600111's short term assets (CN¥18.6B) exceed its long term liabilities (CN¥7.0B).


Debt to Equity History and Analysis

Debt Level: 600111's debt to equity ratio (70.5%) is considered high.

Reducing Debt: 600111's debt to equity ratio has increased from 33.9% to 70.5% over the past 5 years.

Debt Coverage: 600111's debt is not well covered by operating cash flow (9.8%).

Interest Coverage: 600111's interest payments on its debt are well covered by EBIT (3.1x coverage).


Balance Sheet


Next Steps

Dividend

What is China Northern Rare Earth (Group) High-TechLtd current dividend yield, its reliability and sustainability?

0.32%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 600111's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 600111's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 600111's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 600111's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 600111 is not paying a notable dividend for the CN market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 600111's dividend in 3 years as they are not forecast to pay a notable one for the CN market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.1yrs

Average management tenure


CEO

Jinling Li (52 yo)

3.08yrs

Tenure

Mr. Jinling Li has been General Manger and Secretary at China Northern Rare Earth (Group) High-Tech Co. Ltd. since February 28, 2018 and August 18, 2011 respectively. Mr. Li served as Deputy General Manage...


Leadership Team

NamePositionTenureCompensationOwnership
Jinling Li
GM, Secretary & Director3.08yrsno datano data
Zhancheng Wang
Deputy GM4.5yrsCN¥503.50kno data
Yi Liu
Deputy General Manager9.42yrsCN¥528.00kno data
Ying Wu Yu
Secretary of the Board2.83yrsCN¥477.20kno data
Zhong Ping Hao
Deputy General Manager1yrno datano data

3.1yrs

Average Tenure

52yo

Average Age

Experienced Management: 600111's management team is considered experienced (3.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jinling Li
GM, Secretary & Director3.08yrsno datano data
Zhancheng Wang
Deputy GM4.5yrsCN¥503.50kno data
Ming Xing Qian
Independent Director6.25yrsCN¥70.00kno data
Hui Wen Wang
Vice Chairman of the Board14.83yrsCN¥70.00kno data
Ri Hui Zhang
Non-Independent Director6.25yrsCN¥474.50kno data
Zhan Feng Yang
Non-Independent Director9.42yrsCN¥742.80kno data
Dianqing Zhao
Chairman of the Board3.08yrsno datano data
Xiaotie Wang
Independent Director3yrsCN¥70.00kno data
Shemin Zhu
Independent Director3yrsCN¥70.00kno data
Lihua Zhang
Non-Independent Director9.42yrsCN¥70.00kno data
Liguang Xing
Non-Independent Director3yrsno datano data
Runbao Hao
Chairman of Board of Supervisors3yrsno datano data

5.4yrs

Average Tenure

56.5yo

Average Age

Experienced Board: 600111's board of directors are considered experienced (5.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

China Northern Rare Earth (Group) High-Tech Co.,Ltd's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: China Northern Rare Earth (Group) High-Tech Co.,Ltd
  • Ticker: 600111
  • Exchange: SHSE
  • Founded: 1961
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: CN¥78.049b
  • Shares outstanding: 3.62b
  • Website: https://www.reht.com

Number of Employees


Location

  • China Northern Rare Earth (Group) High-Tech Co.,Ltd
  • No. 83, Huanghe Road
  • Rare Earth High-tech Industrial Development Zone
  • Baotou
  • Inner Mongolia Province
  • 14030
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
600111SHSE (Shanghai Stock Exchange)YesDomestic SharesCNCNYJul 2001
600111XSSC (Shanghai Stock Exchange - Shanghai - Hong Kong Stock Connect)YesDomestic SharesCNCNYJul 2001

Biography

China Northern Rare Earth (Group) High-Tech Co.,Ltd produces and sells rare earth raw materials in China and internationally. It offers rare earth salts, oxides, and metals; rare earth functional materials...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/07 09:01
End of Day Share Price2021/03/05 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.