Xiamen TungstenLtd Balance Sheet Health

Financial Health criteria checks 5/6

Xiamen TungstenLtd has a total shareholder equity of CN¥20.2B and total debt of CN¥12.1B, which brings its debt-to-equity ratio to 60%. Its total assets and total liabilities are CN¥41.3B and CN¥21.2B respectively. Xiamen TungstenLtd's EBIT is CN¥3.1B making its interest coverage ratio 33.4. It has cash and short-term investments of CN¥4.0B.

Key information

60.0%

Debt to equity ratio

CN¥12.09b

Debt

Interest coverage ratio	33.4x
Cash	CN¥3.98b
Equity	CN¥20.15b
Total liabilities	CN¥21.20b
Total assets	CN¥41.35b

Recent financial health updates

These 4 Measures Indicate That Xiamen TungstenLtd (SHSE:600549) Is Using Debt Reasonably Well

Nov 13

Xiamen TungstenLtd (SHSE:600549) Has A Somewhat Strained Balance Sheet

Jun 25

Xiamen TungstenLtd (SHSE:600549) Has A Somewhat Strained Balance Sheet

Mar 19

Recent updates

These 4 Measures Indicate That Xiamen TungstenLtd (SHSE:600549) Is Using Debt Reasonably Well

Nov 13

The Return Trends At Xiamen TungstenLtd (SHSE:600549) Look Promising

Sep 30

Xiamen Tungsten Co.,Ltd.'s (SHSE:600549) Intrinsic Value Is Potentially 90% Above Its Share Price

Aug 01

Financial Position Analysis

Short Term Liabilities: 600549's short term assets (CN¥20.7B) exceed its short term liabilities (CN¥13.7B).

Long Term Liabilities: 600549's short term assets (CN¥20.7B) exceed its long term liabilities (CN¥7.5B).

Debt to Equity History and Analysis

Debt Level: 600549's net debt to equity ratio (40.2%) is considered high.

Reducing Debt: 600549's debt to equity ratio has reduced from 91.1% to 60% over the past 5 years.

Debt Coverage: 600549's debt is well covered by operating cash flow (38.4%).

Interest Coverage: 600549's interest payments on its debt are well covered by EBIT (33.4x coverage).

Balance Sheet

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/23 14:41
End of Day Share Price	2024/12/23 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Xiamen Tungsten Co.,Ltd. is covered by 24 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Fuzheng Wei	Avic Securities Co., Ltd
Jun Ge	Changjiang Securities Co. LTD.
Zheng Wang	China International Capital Corporation Limited

Xiamen TungstenLtd Balance Sheet Health

Financial Health criteria checks 5/6

Key information

Recent financial health updates

These 4 Measures Indicate That Xiamen TungstenLtd (SHSE:600549) Is Using Debt Reasonably Well

Xiamen TungstenLtd (SHSE:600549) Has A Somewhat Strained Balance Sheet

Xiamen TungstenLtd (SHSE:600549) Has A Somewhat Strained Balance Sheet

Recent updates

Price target increased by 7.6% to CN¥24.80

These 4 Measures Indicate That Xiamen TungstenLtd (SHSE:600549) Is Using Debt Reasonably Well

Third quarter 2024 earnings released: EPS: CN¥0.27 (vs CN¥0.26 in 3Q 2023)

Xiamen Tungsten Co.,Ltd. to Report Q3, 2024 Results on Oct 26, 2024

Investor sentiment improves as stock rises 19%

The Return Trends At Xiamen TungstenLtd (SHSE:600549) Look Promising

Second quarter 2024 earnings released: EPS: CN¥0.42 (vs CN¥0.25 in 2Q 2023)

Xiamen Tungsten Co.,Ltd.'s (SHSE:600549) Intrinsic Value Is Potentially 90% Above Its Share Price

Second quarter 2024 earnings released: EPS: CN¥0.42 (vs CN¥0.25 in 2Q 2023)

There's No Escaping Xiamen Tungsten Co.,Ltd.'s (SHSE:600549) Muted Earnings

Xiamen Tungsten Co.,Ltd. to Report First Half, 2024 Results on Aug 23, 2024

Xiamen TungstenLtd (SHSE:600549) Has A Somewhat Strained Balance Sheet

Xiamen TungstenLtd's (SHSE:600549) Solid Earnings May Rest On Weak Foundations

First quarter 2024 earnings released: EPS: CN¥0.30 (vs CN¥0.31 in 1Q 2023)

Xiamen Tungsten Co.,Ltd., Annual General Meeting, May 10, 2024

Xiamen TungstenLtd's (SHSE:600549) Returns Have Hit A Wall

Xiamen Tungsten Co.,Ltd. to Report Q1, 2024 Results on Apr 19, 2024

Xiamen TungstenLtd (SHSE:600549) Has A Somewhat Strained Balance Sheet

Earnings Working Against Xiamen Tungsten Co.,Ltd.'s (SHSE:600549) Share Price

Investor sentiment improves as stock rises 17%

Full year 2023 earnings released: EPS: CN¥1.13 (vs CN¥1.03 in FY 2022)

Xiamen Tungsten Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 19, 2024

Xiamen Tungsten's Indirect Controlling Shareholder Plans to Raise Company Stake

Third quarter 2023 earnings released: EPS: CN¥0.26 (vs CN¥0.28 in 3Q 2022)

Xiamen Tungsten Co.,Ltd. to Report Q3, 2023 Results on Oct 25, 2023

Second quarter 2023 earnings released: EPS: CN¥0.25 (vs CN¥0.38 in 2Q 2022)

Second quarter 2023 earnings released: EPS: CN¥0.25 (vs CN¥0.38 in 2Q 2022)

Xiamen Tungsten Co.,Ltd. to Report First Half, 2023 Results on Aug 26, 2023

Xiamen Tungsten Co.,Ltd. announced that it expects to receive CNY 4 billion in funding from Fujian Yekong Equity Investment Management Co., Ltd.

First quarter 2023 earnings released: EPS: CN¥0.31 (vs CN¥0.27 in 1Q 2022)

Full year 2022 earnings: EPS misses analyst expectations

Price target increased to CN¥22.32

Less than half of directors are independent

Investor sentiment improved over the past week

Third quarter 2022 earnings released: EPS: CN¥0.28 (vs CN¥0.22 in 3Q 2021)

Price target increased to CN¥26.28

Second quarter 2022 earnings released: EPS: CN¥0.38 (vs CN¥0.27 in 2Q 2021)

Investor sentiment improved over the past week

Second quarter 2022 earnings released: EPS: CN¥0.38 (vs CN¥0.27 in 2Q 2021)

Investor sentiment improved over the past week

Less than half of directors are independent

Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

Second quarter 2021 earnings released: EPS CN¥0.27 (vs CN¥0.12 in 2Q 2020)

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Consensus EPS estimates increase to CN¥0.64

Investor sentiment improved over the past week

First quarter 2021 earnings released: EPS CN¥0.22 (vs CN¥0.051 in 1Q 2020)

Full year 2020 earnings released: EPS CN¥0.44 (vs CN¥0.18 in FY 2019)

Xiamen Tungsten Co., Ltd. to Report Fiscal Year 2020 Results on Mar 31, 2021

Investor sentiment improved over the past week

New 90-day high: CN¥20.83

New 90-day high: CN¥18.14

Investor sentiment improved over the past week

Investor sentiment improved over the past week

New 90-day high: CN¥16.50

New 90-day high: CN¥15.45

Third quarter earnings released

Xiamen Tungsten Co., Ltd. to Report Q3, 2020 Results on Oct 30, 2020

Analysts update estimates

Price target raised to CN¥15.48

Earnings released

New 90-day high - CN¥16.86

Xiamen Tungsten Co., Ltd. (SHSE:600549) completed the acquisition of additional 10% in Xiamen Golden Egret Special Alloy Co.,Ltd from Sandvik Machining Solutions AB.

Xiamen Tungsten Co., Ltd. to Report First Half, 2020 Results on Aug 22, 2020

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

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