Stock Analysis

Shandong Gold Mining Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags

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Shandong Gold Mining (SHSE:600547) Full Year 2023 Results

Key Financial Results

  • Revenue: CN¥59.3b (up 18% from FY 2022).
  • Net income: CN¥2.27b (up 154% from FY 2022).
  • Profit margin: 3.8% (up from 1.8% in FY 2022). The increase in margin was driven by higher revenue.
  • EPS: CN¥0.40 (up from CN¥0.20 in FY 2022).
SHSE:600547 Earnings and Revenue Growth March 30th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Shandong Gold Mining Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 3.5%. Earnings per share (EPS) missed analyst estimates by 12%.

Looking ahead, revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Metals and Mining industry in China.

Performance of the Chinese Metals and Mining industry.

The company's shares are up 11% from a week ago.


Following the latest earnings results, Shandong Gold Mining may be overvalued based on 6 different valuation benchmarks we assess. To access our thorough examination of analyst consensus click here and discover the expected future direction of the company.

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