Valuation Update With 7 Day Price Move • 7h
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥38.14, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 14x in the Metals and Mining industry in China. Total returns to shareholders of 162% over the past three years. Announcement • Jul 15
Chifeng Jilong Gold Mining Group Limited Provides Earnings Guidance for the Half Year Ended June 30, 2026 Chifeng Jilong Gold Mining Group Limited provided earnings guidance for the half year ended June 30, 2026. For the year, the company expects to record a net profit attributable to the owners of the listed company of approximately RMB 1,700 million to RMB 1,780 million in the first half of 2026. Compared with RMB 1,106.9 million recorded in the corresponding period of the previous year, it represents an estimated increase of RMB 593.1 million to RMB 673.1 million, or an increase of approximately 54% to 61%. The Group also expects to record a net profit attributable to the owners of the listed company after deducting non-recurring gains and losses of approximately RMB 1,710 million and RMB 1,790 million. Compared with RMB 1,111.91 million recorded in the corresponding period of the previous year, it represents an estimated increase of RMB 598.09 million to RMB 678.09 million, or an increase of approximately 54% to 61%. In the first half of 2026, the Company achieved a significant increase in both the net profit attributable to the owners of the listed company and the net profit attributable to the owners of the listed company after deducting non-recurring gains and losses. The main reasons are as follow: benefiting from a substantial year-on-year increase in gold price during the reporting period, the average selling price of gold increased by approximately 43% compared with the same period of the previous year. In addition, the Company continuously strengthened its production organization and operational management, which collectively contributed to the improvement of its performance for the reporting period. Valuation Update With 7 Day Price Move • Jul 03
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥31.23, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 16x in the Metals and Mining industry in China. Total returns to shareholders of 143% over the past three years. Announcement • Jun 30
Chifeng Jilong Gold Mining Group Limited to Report First Half, 2026 Results on Aug 31, 2026 Chifeng Jilong Gold Mining Group Limited announced that they will report first half, 2026 results on Aug 31, 2026 Valuation Update With 7 Day Price Move • Jun 10
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥28.17, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 16x in the Metals and Mining industry in China. Total returns to shareholders of 91% over the past three years. Valuation Update With 7 Day Price Move • May 08
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥44.40, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 20x in the Metals and Mining industry in China. Total returns to shareholders of 178% over the past three years. Price Target Changed • May 04
Price target increased by 7.2% to CN¥48.09 Up from CN¥44.88, the current price target is an average from 3 analysts. New target price is 27% above last closing price of CN¥38.00. Stock is up 45% over the past year. The company is forecast to post earnings per share of CN¥2.84 for next year compared to CN¥1.69 last year. Reported Earnings • Apr 25
First quarter 2026 earnings released: EPS: CN¥0.52 (vs CN¥0.29 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.52 (up from CN¥0.29 in 1Q 2025). Revenue: CN¥3.55b (up 48% from 1Q 2025). Net income: CN¥988.2m (up 104% from 1Q 2025). Profit margin: 28% (up from 20% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth. Announcement • Apr 20
Chifeng Jilong Gold Mining Co., Ltd. has filed a Follow-on Equity Offering in the amount of HKD 9.386153 billion. Chifeng Jilong Gold Mining Co., Ltd. has filed a Follow-on Equity Offering in the amount of HKD 9.386153 billion.
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 310,902,731
Price\Range: HKD 30.19
Transaction Features: Subsequent Direct Listing Announcement • Apr 13
Chifeng Jilong Gold Mining Co., Ltd., Annual General Meeting, May 08, 2026 Chifeng Jilong Gold Mining Co., Ltd., Annual General Meeting, May 08, 2026, at 13:00 China Standard Time. Location: chifeng gold, conference room, a7 xiaojing, wanfeng road, fengtai district, beijing China New Risk • Apr 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 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. Announcement • Mar 30
Chifeng Jilong Gold Mining Co., Ltd. to Report Q1, 2026 Results on Apr 25, 2026 Chifeng Jilong Gold Mining Co., Ltd. announced that they will report Q1, 2026 results on Apr 25, 2026 Valuation Update With 7 Day Price Move • Mar 30
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥42.94, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 20x in the Metals and Mining industry in China. Total returns to shareholders of 141% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥77.00 per share. Major Estimate Revision • Mar 27
Consensus revenue estimates increase by 11% The consensus outlook for revenues in fiscal year 2026 has improved. 2026 revenue forecast increased from CN¥15.4b to CN¥17.1b. EPS estimate increased from CN¥2.11 to CN¥2.72 per share. Net income forecast to grow 67% next year vs 46% growth forecast for Metals and Mining industry in China. Consensus price target up from CN¥35.39 to CN¥39.66. Share price fell 2.5% to CN¥39.80 over the past week. Announcement • Mar 23
Chifeng Jilong Gold Mining Co., Ltd. announced that it expects to receive CNY 8.25183696 billion in funding from Zijin Gold (Group) Co., Ltd. Chifeng Jilong Gold Mining Co.,Ltd signed a Strategic Investment Agreement with Zijin Gold (Group) Co., Ltd for a private placement to issue 310,902,731 H shares at an issue price of CNY 26.5415385 for the proceeds of CNY 825,183,696 on March 22, 2026. Shares have hold period of 18 months after the completion of the subscription. Transaction is approved by board of directors at 5th extraordinary meeting of the 9th Board of Directors in 2026 and is subject to approval of shareholder, stock exchange and regulatory authority. Reported Earnings • Mar 21
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: CN¥1.69 (up from CN¥1.07 in FY 2024). Revenue: CN¥12.6b (up 40% from FY 2024). Net income: CN¥3.08b (up 75% from FY 2024). Profit margin: 24% (up from 20% in FY 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) exceeded analyst estimates by 3.1%. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥43.91, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 26x in the Metals and Mining industry in China. Total returns to shareholders of 132% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥77.41 per share. Valuation Update With 7 Day Price Move • Jan 21
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥38.39, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 24x in the Metals and Mining industry in China. Total returns to shareholders of 91% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥76.10 per share. Announcement • Jan 06
Chifeng Jilong Gold Mining Co.,Ltd. Provides Earnings Guidance for the Period from 1 January 2025 to 31 December 2025 Chifeng Jilong Gold Mining Co.,Ltd. provided earnings guidance for the period From 1 January 2025 to 31 December 2025. The Company expects to record a net profit attributable to the shareholders of the listed company of approximately RMB 3,000 million to RMB 3,200 million in the year of 2025, compared with the corresponding period of the previous year (based on statutory disclosure data), representing an increase of approximately RMB 1,235.66 million to RMB 1,435.66 million, or an increase of approximately 70% to 81%. In the year of 2025, the net profit attributable to the shareholders of the listed company after deducting non-recurring profit or losses is expected to be between approximately RMB 2,970 million and RMB 3,170 million, compared with the corresponding period of the previous year (based on statutory disclosure data), representing an increase of approximately RMB 1,269.75 million to RMB 1,469.75 million, or an increase of approximately 75% to 86%. In the year of 2025, the Company achieved increase in both the net profit attributable to the shareholders of the listed company and the net profit attributable to the shareholders of the listed company after deducting non-recurring profit or losses. The main reasons were as follows: the Company's total gold production in 2025 amounted to approximately 14.4 tonnes, while the average selling price of its principal gold products increased by approximately 49% compared with the previous year. These factors collectively contributed to improved profitability across both domestic and overseas mining operations. Announcement • Dec 26
Chifeng Jilong Gold Mining Co.,Ltd. to Report Fiscal Year 2025 Results on Mar 21, 2026 Chifeng Jilong Gold Mining Co.,Ltd. announced that they will report fiscal year 2025 results on Mar 21, 2026 Price Target Changed • Nov 05
Price target increased by 7.2% to CN¥35.39 Up from CN¥33.02, the current price target is an average from 4 analysts. New target price is 21% above last closing price of CN¥29.26. Stock is up 56% over the past year. The company is forecast to post earnings per share of CN¥1.60 for next year compared to CN¥1.07 last year. Announcement • Oct 31
Chifeng Jilong Gold Mining Co.,Ltd. Announces Board Appointments Chifeng Jilong Gold Mining Co. Ltd. at its extraordinary general meeting held on October 31, 2025, approved the election of Mr. Zhao Qiang as Non-Independent Director of the Ninth Session of the Board and the election of Dr. Li Houmin (independent non-executive Director) and Dr. Jiang Qi (independent non-executive Director) as Independent Directors of the Ninth Session of the Board. Reported Earnings • Oct 25
Third quarter 2025 earnings released: EPS: CN¥0.50 (vs CN¥0.24 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.50 (up from CN¥0.24 in 3Q 2024). Revenue: CN¥3.37b (up 66% from 3Q 2024). Net income: CN¥951.1m (up 141% from 3Q 2024). Profit margin: 28% (up from 20% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. New Risk • Oct 13
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 7.3% 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. Announcement • Oct 13
Chifeng Jilong Gold Mining Co.,Ltd. Announces Board Retirements The board of directors of Chifeng Jilong Gold Mining Co.,Ltd announced that Dr. Mao Jingwen and Dr. Shen Zhengchang, as independent non-executive Directors, have informed the board that they will retire and will not stand for re-election as directors of the ninth session of the board. To the best of the knowledge and belief of the Board after having made all reasonable inquiries and as confirmed by Dr. Mao Jingwen and Dr. Shen Zhengchang, they have no disagreement with the Board, and there are no matters which need to be brought to the attention of the shareholders of the Company (the "Shareholders") and the Stock Exchange regarding their retirement. The Board would like to take this opportunity to express its sincere gratitude to Dr. Mao Jingwen and Dr. Shen Zhengchang for their significant contributions to the development of the Company during their tenure. Announcement • Sep 30
Chifeng Jilong Gold Mining Co.,Ltd. to Report Q3, 2025 Results on Oct 25, 2025 Chifeng Jilong Gold Mining Co.,Ltd. announced that they will report Q3, 2025 results on Oct 25, 2025 Reported Earnings • Aug 23
Second quarter 2025 earnings released: EPS: CN¥0.34 (vs CN¥0.31 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.34 (up from CN¥0.31 in 2Q 2024). Revenue: CN¥2.86b (up 22% from 2Q 2024). Net income: CN¥623.5m (up 22% from 2Q 2024). Profit margin: 22% (in line with 2Q 2024). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. New Risk • Jul 08
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 7.7% 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. This is currently the only risk that has been identified for the company. Announcement • Jun 30
Chifeng Jilong Gold Mining Co.,Ltd. to Report First Half, 2025 Results on Aug 23, 2025 Chifeng Jilong Gold Mining Co.,Ltd. announced that they will report first half, 2025 results on Aug 23, 2025 Announcement • Jun 12
Chifeng Jilong Gold Mining Co.,Ltd. Approves Cash Dividend for the Year Ended 31 December 2024, Payable on 17 July 2025 Chifeng Jilong Gold Mining Co.,Ltd. announced that the AGM approved to distribute to the Shareholders a final dividend of RMB 1.60 (tax inclusive) per 10 Shares for the year ended 31 December 2024, with the aggregate cash
dividend of RMB 299,130,140.48 (tax inclusive). Dividends for H Shareholders will be paid in Hong Kong dollars, and the amount payable in Hong Kong dollars will be calculated based on the exchange rate of which shall be the average middle exchange rates (i.e. RMB 0.915564 to HKD 1.00) published by the People's Bank of China one calendar week preceding the date of the AGM, i.e. the Final Dividend per 10 H Shares is HKD 1.747557 (tax inclusive). The Company will withhold and pay relevant income tax strictly in accordance with the relevant laws or requirements of the relevant government departments and strictly based on the register of members of H Shares on the record date (i.e. 26 June 2025). The 2024 Final Dividend will be paid by the Receiving Agent and the dividend warrants will be posted by the H share registrar of the Company, Computershare Hong Kong Investor Services Limited, by ordinary post to H Shareholders who are entitled to receive the 2024 Final Dividend at their own risk on 17 July 2025. Announcement • May 20
Chifeng Jilong Gold Mining Co.,Ltd., Annual General Meeting, Jun 12, 2025 Chifeng Jilong Gold Mining Co.,Ltd., Annual General Meeting, Jun 12, 2025, at 14:00 China Standard Time. Location: Jia No. 7, Xiaojing, Wanfeng Road, Fengtai District, Beijing China Valuation Update With 7 Day Price Move • Apr 11
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥25.70, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 16x in the Metals and Mining industry in China. Total returns to shareholders of 25% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥42.97 per share. Price Target Changed • Apr 04
Price target increased by 7.9% to CN¥24.83 Up from CN¥23.00, the current price target is an average from 2 analysts. New target price is 11% above last closing price of CN¥22.29. Stock is up 23% over the past year. The company is forecast to post earnings per share of CN¥1.51 for next year compared to CN¥1.07 last year. Announcement • Apr 01
Chifeng Jilong Gold Mining Co.,Ltd. Proposes Cash Dividend for the Year Ended 31 December 2024, Payable on 27 June 2025 The Board of Chifeng Jilong Gold Mining Co.,Ltd. proposed the 2024 Profit Distribution Plan as follows: a cash dividend of RMB 1.60 (tax inclusive) per 10 Shares for the year ended 31 DECEMBER 2024. The 2024 Profit Distribution Plan shall be subject to consideration and approval at the 2024 AGM. Date of shareholders' approval: To be announced. Ex-dividend date: To be announced. Record date: To be announced. Payment date: 27 June 2025. Reported Earnings • Mar 30
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: CN¥1.07 (up from CN¥0.49 in FY 2023). Revenue: CN¥9.03b (up 25% from FY 2023). Net income: CN¥1.76b (up 120% from FY 2023). Profit margin: 20% (up from 11% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) exceeded analyst estimates by 4.5%. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Mar 28
Chifeng Jilong Gold Mining Co.,Ltd. to Report Q1, 2025 Results on Apr 26, 2025 Chifeng Jilong Gold Mining Co.,Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025 Announcement • Mar 08
Chifeng Jilong Gold Mining Co.,Ltd. has completed a Follow-on Equity Offering in the amount of HKD 3.63531 billion. Chifeng Jilong Gold Mining Co.,Ltd. has completed a Follow-on Equity Offering in the amount of HKD 3.63531 billion.
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 51,413,000
Price\Range: HKD 13.72
Discount Per Security: HKD 0.24696
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 159,260,499
Price\Range: HKD 13.72
Discount Per Security: HKD 0.24696
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 54,290,816
Price\Range: HKD 13.72
Discount Per Security: HKD 0.24696
Transaction Features: New Market Listing; Regulation S; Sponsor Backed Offering Announcement • Feb 28
Chifeng Jilong Gold Mining Co.,Ltd. has filed a Follow-on Equity Offering in the amount of HKD 3.743792 billion. Chifeng Jilong Gold Mining Co.,Ltd. has filed a Follow-on Equity Offering in the amount of HKD 3.743792 billion.
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 51,413,000
Price\Range: HKD 13.72 to HKD 15.83
Discount Per Security: HKD 0.28494
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 138,032,473
Price\Range: HKD 13.72 to HKD 15.83
Discount Per Security: HKD 0.28494
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 47,054,327
Price\Range: HKD 13.72 to HKD 15.83
Discount Per Security: HKD 0.28494
Transaction Features: New Market Listing; Regulation S; Sponsor Backed Offering Announcement • Dec 27
Chifeng Jilong Gold Mining Co.,Ltd. to Report Fiscal Year 2024 Results on Mar 29, 2025 Chifeng Jilong Gold Mining Co.,Ltd. announced that they will report fiscal year 2024 results on Mar 29, 2025 Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: CN¥0.24 (vs CN¥0.13 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.24 (up from CN¥0.13 in 3Q 2023). Revenue: CN¥2.03b (up 20% from 3Q 2023). Net income: CN¥394.7m (up 90% from 3Q 2023). Profit margin: 20% (up from 12% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
Chifeng Jilong Gold Mining Co.,Ltd. to Report Q3, 2024 Results on Oct 31, 2024 Chifeng Jilong Gold Mining Co.,Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024 Major Estimate Revision • Sep 06
Consensus EPS estimates increase by 10% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from CN¥8.81b to CN¥9.24b. EPS estimate increased from CN¥0.85 to CN¥0.939 per share. Net income forecast to grow 46% next year vs 39% growth forecast for Metals and Mining industry in China. Consensus price target of CN¥23.00 unchanged from last update. Share price was steady at CN¥17.27 over the past week. Reported Earnings • Aug 31
Second quarter 2024 earnings released: EPS: CN¥0.31 (vs CN¥0.13 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.31 (up from CN¥0.13 in 2Q 2023). Revenue: CN¥2.34b (up 31% from 2Q 2023). Net income: CN¥510.0m (up 116% from 2Q 2023). Profit margin: 22% (up from 13% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 4% per year. Announcement • Jun 28
Chifeng Jilong Gold Mining Co.,Ltd. to Report First Half, 2024 Results on Aug 31, 2024 Chifeng Jilong Gold Mining Co.,Ltd. announced that they will report first half, 2024 results on Aug 31, 2024 Reported Earnings • May 01
First quarter 2024 earnings released: EPS: CN¥0.12 (vs CN¥0.05 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.12 (up from CN¥0.05 in 1Q 2023). Revenue: CN¥1.85b (up 17% from 1Q 2023). Net income: CN¥200.5m (up 166% from 1Q 2023). Profit margin: 11% (up from 4.7% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Apr 12
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥21.01, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 15x in the Metals and Mining industry in China. Total returns to shareholders of 31% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥39.36 per share. Major Estimate Revision • Apr 07
Consensus EPS estimates increase by 15% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from CN¥8.22b to CN¥8.99b. EPS estimate increased from CN¥0.738 to CN¥0.851 per share. Net income forecast to grow 76% next year vs 34% growth forecast for Metals and Mining industry in China. Consensus price target up from CN¥17.75 to CN¥22.56. Share price rose 11% to CN¥18.15 over the past week. Price Target Changed • Apr 02
Price target increased by 19% to CN¥21.09 Up from CN¥17.75, the current price target is an average from 3 analysts. New target price is 21% above last closing price of CN¥17.44. Stock is down 5.6% over the past year. The company is forecast to post earnings per share of CN¥0.89 for next year compared to CN¥0.49 last year. Reported Earnings • Mar 31
Full year 2023 earnings: Revenues and EPS in line with analyst expectations Full year 2023 results: EPS: CN¥0.49 (up from CN¥0.27 in FY 2022). Revenue: CN¥7.22b (up 15% from FY 2022). Net income: CN¥803.9m (up 78% from FY 2022). Profit margin: 11% (up from 7.2% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Announcement • Mar 30
Chifeng Jilong Gold Mining Co.,Ltd., Annual General Meeting, Apr 19, 2024 Chifeng Jilong Gold Mining Co.,Ltd., Annual General Meeting, Apr 19, 2024, at 14:00 China Standard Time. Location: Jia No. 7, Xiaojing, Wanfeng Road, Fengtai District, Beijing China Announcement • Mar 29
Chifeng Jilong Gold Mining Co.,Ltd. to Report Q1, 2024 Results on Apr 30, 2024 Chifeng Jilong Gold Mining Co.,Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥13.54, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 11x in the Metals and Mining industry in China. Total loss to shareholders of 15% over the past three years. Announcement • Dec 29
Chifeng Jilong Gold Mining Co.,Ltd. to Report Fiscal Year 2023 Results on Mar 30, 2024 Chifeng Jilong Gold Mining Co.,Ltd. announced that they will report fiscal year 2023 results on Mar 30, 2024 Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.13 (vs CN¥0.009 loss in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.13 (up from CN¥0.009 loss in 3Q 2022). Revenue: CN¥1.69b (up 18% from 3Q 2022). Net income: CN¥207.9m (up CN¥222.7m from 3Q 2022). Profit margin: 12% (up from net loss in 3Q 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Price Target Changed • Oct 12
Price target decreased by 17% to CN¥17.36 Down from CN¥20.80, the current price target is an average from 3 analysts. New target price is 20% above last closing price of CN¥14.45. Stock is down 28% over the past year. The company is forecast to post earnings per share of CN¥0.49 for next year compared to CN¥0.27 last year. Reported Earnings • Aug 19
Second quarter 2023 earnings released: EPS: CN¥0.13 (vs CN¥0.15 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.13 (down from CN¥0.15 in 2Q 2022). Revenue: CN¥1.78b (up 14% from 2Q 2022). Net income: CN¥236.7m (flat on 2Q 2022). Profit margin: 13% (down from 15% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has fallen by 16% per year whereas the company’s share price has fallen by 11% per year. Price Target Changed • Jul 19
Price target decreased by 13% to CN¥20.80 Down from CN¥23.88, the current price target is an average from 3 analysts. New target price is 38% above last closing price of CN¥15.04. Stock is down 5.2% over the past year. The company is forecast to post earnings per share of CN¥0.54 for next year compared to CN¥0.27 last year. Reported Earnings • Apr 29
First quarter 2023 earnings released: EPS: CN¥0.05 (vs CN¥0.10 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.05 (down from CN¥0.10 in 1Q 2022). Revenue: CN¥1.59b (up 6.7% from 1Q 2022). Net income: CN¥75.3m (down 57% from 1Q 2022). Profit margin: 4.7% (down from 12% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings. Major Estimate Revision • Apr 03
Consensus revenue estimates decrease by 11% The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from CN¥8.12b to CN¥7.22b. EPS estimate unchanged from CN¥0.80 per share at last update. Metals and Mining industry in China expected to see average net income growth of 46% next year. Consensus price target of CN¥23.88 unchanged from last update. Share price fell 9.1% to CN¥18.15 over the past week. Price Target Changed • Feb 14
Price target decreased by 12% to CN¥23.03 Down from CN¥26.13, the current price target is an average from 2 analysts. New target price is 20% above last closing price of CN¥19.20. Stock is up 26% over the past year. The company is forecast to post earnings per share of CN¥0.45 for next year compared to CN¥0.35 last year. Board Change • Feb 14
Less than half of directors are independent Following the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 7 non-independent directors. Independent Director Jingwen Mao was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 16
Less than half of directors are independent There are 5 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: 5 independent directors. 7 non-independent directors. Independent Director Jingwen Mao was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Oct 30
Third quarter 2022 earnings released: CN¥0.009 loss per share (vs CN¥0.083 profit in 3Q 2021) Third quarter 2022 results: CN¥0.009 loss per share (down from CN¥0.083 profit in 3Q 2021). Revenue: CN¥1.43b (up 44% from 3Q 2021). Net loss: CN¥14.8m (down 110% from profit in 3Q 2021). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has increased by 66% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Oct 28
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥20.43, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 14x in the Metals and Mining industry in China. Total returns to shareholders of 355% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥38.59 per share. Reported Earnings • Aug 11
Second quarter 2022 earnings released: EPS: CN¥0.15 (vs CN¥0.15 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.15 (vs CN¥0.15 in 2Q 2021). Revenue: CN¥1.56b (up 71% from 2Q 2021). Net income: CN¥236.8m (up 2.0% from 2Q 2021). Profit margin: 15% (down from 26% in 2Q 2021). Over the next year, revenue is forecast to grow 55%, compared to a 32% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 49% per year whereas the company’s share price has increased by 51% per year. Valuation Update With 7 Day Price Move • May 10
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥15.40, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 12x in the Metals and Mining industry in China. Total returns to shareholders of 203% over the past three years. Reported Earnings • May 02
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: CN¥0.10 (vs CN¥0.10 in 1Q 2021). Revenue: CN¥1.49b (up 95% from 1Q 2021). Net income: CN¥174.1m (up 3.2% from 1Q 2021). Profit margin: 12% (down from 22% in 1Q 2021). Revenue missed analyst estimates by 23%. Earnings per share (EPS) also missed analyst estimates by 1.2%. Over the last 3 years on average, earnings per share has increased by 66% per year whereas the company’s share price has increased by 64% per year. Board Change • Apr 27
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Director Jingwen Mao was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Apr 11
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥21.73, the stock trades at a trailing P/E ratio of 42.6x. Average trailing P/E is 26x in the Metals and Mining industry in China. Total returns to shareholders of 394% over the past three years. Announcement • Jan 18
Chifeng Jilong Gold Mining Co.,Ltd. (SHSE:600988) announces an Equity Buyback for 41,597,700 shares, representing 2.5% for CNY 600 million. Chifeng Jilong Gold Mining Co.,Ltd. (SHSE:600988) announces a share repurchase program. Under the program, the company will repurchase up to 41,597,700 class A shares, representing 2.5% for CNY 600 million. The shares will be repurchased at a price of CNY 20 per share. The repurchased shares will be used for company's employee stock ownership plan or equity incentive plan and the unused shares will be cancelled. The program will be funded out of the company's own funds. The program is valid earlier of 12 months or when the maximum authorization is utilized, unless terminated by the board earlier. Reported Earnings • Oct 23
Third quarter 2021 earnings released: EPS CN¥0.083 (vs CN¥0.17 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CN¥995.7m (up 19% from 3Q 2020). Net income: CN¥150.1m (down 47% from 3Q 2020). Profit margin: 15% (down from 34% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has only increased by 60% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 13
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥17.73, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 20x in the Metals and Mining industry in China. Total returns to shareholders of 298% over the past three years. Price Target Changed • Aug 04
Price target decreased to CN¥21.64 Down from CN¥24.58, the current price target is an average from 4 analysts. New target price is 40% above last closing price of CN¥15.46. Stock is down 27% over the past year. Reported Earnings • Jul 31
Second quarter 2021 earnings released: EPS CN¥0.15 (vs CN¥0.13 in 2Q 2020) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: CN¥909.5m (down 36% from 2Q 2020). Net income: CN¥232.2m (up 8.8% from 2Q 2020). Profit margin: 26% (up from 15% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 48% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 10
Investor sentiment improved over the past week After last week's 23% share price gain to CN¥18.71, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 18x in the Metals and Mining industry in China. Total returns to shareholders of 212% over the past three years. Reported Earnings • Apr 29
First quarter 2021 earnings released: EPS CN¥0.10 The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: CN¥763.2m (down 37% from 1Q 2020). Net income: CN¥168.7m (up CN¥160.1m from 1Q 2020). Profit margin: 22% (up from 0.7% in 1Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 37% per year, which means it is significantly lagging earnings growth. Announcement • Apr 09
Chifeng Jilong Gold Mining Co.,Ltd. Announces Production and Earnings Guidance for the Year 2021 Chifeng Jilong Gold Mining Co.,Ltd. announced production and earnings guidance for the year 2021. The company announced that as disclosed in Annual Report, the estimated gold production will be no less than 10 tons in 2021 with operating revenue of CNY 4.891 billion and net profit of CNY 1.454 billion. Reported Earnings • Mar 20
Full year 2020 earnings released: EPS CN¥0.47 (vs CN¥0.13 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¥4.56b (down 25% from FY 2019). Net income: CN¥784.0m (up 317% from FY 2019). Profit margin: 17% (up from 3.1% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 36% per year whereas the company’s share price has increased by 35% per year. Valuation Update With 7 Day Price Move • Feb 23
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥18.32, the stock is trading at a trailing P/E ratio of 54.1x, up from the previous P/E ratio of 46.9x. This compares to an average P/E of 36x in the Metals and Mining industry in China. Total returns to shareholders over the past three years are 234%. Is New 90 Day High Low • Feb 04
New 90-day low: CN¥15.20 The company is down 24% from its price of CN¥19.87 on 06 November 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥4.06 per share. Announcement • Jan 22
Chifeng Jilong Gold Mining Co.,Ltd. to Report Fiscal Year 2020 Results on Mar 20, 2021 Chifeng Jilong Gold Mining Co.,Ltd. announced that they will report fiscal year 2020 results on Mar 20, 2021 Is New 90 Day High Low • Jan 14
New 90-day low: CN¥16.59 The company is down 10.0% from its price of CN¥18.43 on 16 October 2020. The Chinese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥4.03 per share. Announcement • Nov 26
Wang Jianhua completed the acquisition of 5.9% stake in Chifeng Jilong Gold Mining Co.,Ltd. from Zhao Meiguang. Wang Jianhua entered into an agreement to acquire 5.9% stake in Chifeng Jilong Gold Mining Co.,Ltd. from Zhao Meiguang for CNY 1.7 billion on November 16, 2020. Wang Jianhua will purchase 98.2 million unrestricted shares for CNY 17 per share. Post the transaction, Zhao Meiguang directly held 376.4 million shares, for 22.62% stake and held 432.2 million shares of the company with persons acting in concert, for 25.98% stake in Chifeng Jilong Gold Mining.
Wang Jianhua completed the acquisition of 5.9% stake in Chifeng Jilong Gold Mining Co.,Ltd. from Zhao Meiguang on November 24, 2020. Announcement • Nov 18
Chifeng Jilong Gold Mining's Controlling Shareholder Plans to Sell Stake in the Company Chifeng Jilong Gold Mining Co.,Ltd. (SHSE:600988) said controlling shareholder plans to sell 98.2 Million shares, representing 5.91% stake, in the company to Co's Chairman for CNY 1.7 Billion ($258.28 Million). 
