Announcement • Jul 01
Shandong Jinling Mining Co., Ltd. to Report First Half, 2026 Results on Aug 22, 2026 Shandong Jinling Mining Co., Ltd. announced that they will report first half, 2026 results on Aug 22, 2026 Announcement • Apr 20
Shandong Jinling Mining Co., Ltd., Annual General Meeting, May 08, 2026 Shandong Jinling Mining Co., Ltd., Annual General Meeting, May 08, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Zibo, Shandong China Announcement • Mar 31
Shandong Jinling Mining Co., Ltd. to Report Q1, 2026 Results on Apr 15, 2026 Shandong Jinling Mining Co., Ltd. announced that they will report Q1, 2026 results on Apr 15, 2026 Reported Earnings • Mar 30
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: CN¥0.45 (up from CN¥0.34 in FY 2024). Revenue: CN¥1.66b (up 7.6% from FY 2024). Net income: CN¥268.1m (up 31% from FY 2024). Profit margin: 16% (up from 13% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.1%. Revenue is forecast to grow 3.7% 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 14% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥8.28, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 21x in the Metals and Mining industry in China. Total returns to shareholders of 22% over the past three years. Announcement • Dec 31
Shandong Jinling Mining Co., Ltd. to Report Fiscal Year 2025 Results on Mar 28, 2026 Shandong Jinling Mining Co., Ltd. announced that they will report fiscal year 2025 results on Mar 28, 2026 Major Estimate Revision • Oct 21
Consensus revenue estimates increase by 11% The consensus outlook for revenues in fiscal year 2025 has improved. 2025 revenue forecast increased from CN¥1.49b to CN¥1.66b. EPS estimate increased from CN¥0.37 to CN¥0.46 per share. Net income forecast to grow 1.5% next year vs 42% growth forecast for Metals and Mining industry in China. Consensus price target up from CN¥9.42 to CN¥10.18. Share price rose 4.1% to CN¥10.05 over the past week. Reported Earnings • Oct 13
Third quarter 2025 earnings released: EPS: CN¥0.12 (vs CN¥0.12 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.12 (in line with 3Q 2024). Revenue: CN¥478.8m (up 18% from 3Q 2024). Net income: CN¥70.2m (flat on 3Q 2024). Profit margin: 15% (down from 17% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 4.6% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in China are expected to grow by 9.6%. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
Shandong Jinling Mining Co., Ltd. to Report Q3, 2025 Results on Oct 11, 2025 Shandong Jinling Mining Co., Ltd. announced that they will report Q3, 2025 results on Oct 11, 2025 Major Estimate Revision • Aug 29
Consensus EPS estimates increase by 23% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from CN¥1.47b to CN¥1.49b. EPS estimate increased from CN¥0.30 to CN¥0.37 per share. Net income forecast to shrink 19% next year vs 42% growth forecast for Metals and Mining industry in China . Consensus price target up from CN¥6.76 to CN¥9.42. Share price fell 2.4% to CN¥8.82 over the past week. Price Target Changed • Aug 26
Price target increased by 39% to CN¥9.42 Up from CN¥6.76, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of CN¥8.99. Stock is up 75% over the past year. The company is forecast to post earnings per share of CN¥0.37 for next year compared to CN¥0.34 last year. Reported Earnings • Aug 23
Second quarter 2025 earnings released: EPS: CN¥0.17 (vs CN¥0.097 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.17 (up from CN¥0.097 in 2Q 2024). Revenue: CN¥412.1m (down 1.1% from 2Q 2024). Net income: CN¥101.2m (up 75% from 2Q 2024). Profit margin: 25% (up from 14% in 2Q 2024). The increase in margin was driven by lower expenses. Revenue is expected to decline by 2.6% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in China are expected to grow by 9.6%. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. New Risk • Jul 15
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 6.8% 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 Earnings are forecast to decline by an average of 7.4% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (293% cash payout ratio). Share price has been volatile over the past 3 months (6.8% average weekly change). Valuation Update With 7 Day Price Move • Jul 09
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to CN¥8.88, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 17x in the Metals and Mining industry in China. Total returns to shareholders of 21% over the past three years. Announcement • Jul 02
Shandong Jinling Mining Co., Ltd. to Report First Half, 2025 Results on Aug 23, 2025 Shandong Jinling Mining Co., Ltd. announced that they will report first half, 2025 results on Aug 23, 2025 Announcement • May 30
Shandong Jinling Mining Co., Ltd. Announces Cash Dividend for 2024 Shandong Jinling Mining Co., Ltd. at its Annual General Meeting of 2024 on 28 May 2025, during which the following proposal(s) was/were approved: Cash dividend per 10 shares (tax included): CNY 1.10000000. Announcement • May 06
Shandong Jinling Mining Co., Ltd., Annual General Meeting, May 28, 2025 Shandong Jinling Mining Co., Ltd., Annual General Meeting, May 28, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Zibo, Shandong China New Risk • Apr 15
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 21% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 3.2% per year for the foreseeable future. High level of non-cash earnings (21% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Announcement • Apr 01
Shandong Jinling Mining Co., Ltd. Proposes Final Cash Distribution for 2024 Shandong Jinling Mining Co., Ltd. announced on 31 March 2025 the final profit distribution proposal for 2024 as follows: Cash dividend/10 shares (tax included): CNY1.10000000. New Risk • Mar 31
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 3.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 3.2% per year for the foreseeable future. High level of non-cash earnings (21% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Announcement • Mar 31
Shandong Jinling Mining Co., Ltd. to Report Q1, 2025 Results on Apr 09, 2025 Shandong Jinling Mining Co., Ltd. announced that they will report Q1, 2025 results on Apr 09, 2025 Reported Earnings • Mar 30
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: EPS: CN¥0.34 (down from CN¥0.40 in FY 2023). Revenue: CN¥1.55b (up 6.3% from FY 2023). Net income: CN¥204.0m (down 13% from FY 2023). Profit margin: 13% (down from 16% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) missed analyst estimates by 9.7%. Revenue is expected to decline by 4.9% p.a. on average during the next 2 years, while revenues in the Metals and Mining industry in China are expected to grow by 10%. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Dec 31
Shandong Jinling Mining Co., Ltd. to Report Fiscal Year 2024 Results on Mar 29, 2025 Shandong Jinling Mining Co., Ltd. announced that they will report fiscal year 2024 results on Mar 29, 2025 Announcement • Nov 30
Shandong Jinling Mining Co., Ltd. Announces Board Appointments Shandong Jinling Mining Co., Ltd. at the Extraordinary General Meeting of 2024 on 28 November 2024 approved election of non-independent directors, cumulative voting system applicable: Chi Mingjie, non-independent director;Wang Qicheng, non-independent director; Lv Yonggang, non-independent director; Liu Zhangjin, non-independent director; Election of independent directors, cumulative voting system applicable: Liu Jiangning, independent director; Liu Yuansuo, independent director; Election of non-employee supervisors, cumulative voting system applicable: Wan Jun, non-employee supervisor. Price Target Changed • Oct 29
Price target increased by 13% to CN¥6.00 Up from CN¥5.33, the current price target is provided by 1 analyst. New target price is 9.5% below last closing price of CN¥6.63. Stock is down 7.8% over the past year. The company is forecast to post earnings per share of CN¥0.38 for next year compared to CN¥0.40 last year. Announcement • Oct 29
Shandong Jinling Mining Co., Ltd. Proposes Distribution for the Third Quarter of 2024 Shandong Jinling Mining Co., Ltd. announced on 28 October 2024 the profit distribution proposal for the third quarter of 2024 as Cash dividend/10 shares (tax included): CNY 0.50000000. Reported Earnings • Oct 26
Third quarter 2024 earnings released: EPS: CN¥0.12 (vs CN¥0.12 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.12 (in line with 3Q 2023). Revenue: CN¥406.5m (flat on 3Q 2023). Net income: CN¥70.0m (flat on 3Q 2023). Profit margin: 17% (in line with 3Q 2023). Revenue is expected to decline by 1.4% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in China are expected to grow by 9.5%. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Announcement • Sep 30
Shandong Jinling Mining Co., Ltd. to Report Q3, 2024 Results on Oct 26, 2024 Shandong Jinling Mining Co., Ltd. announced that they will report Q3, 2024 results on Oct 26, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to CN¥6.33, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 14x in the Metals and Mining industry in China. Total loss to shareholders of 29% over the past three years. Announcement • Sep 25
Shandong Jinling Mining Co., Ltd. Announces Interim Cash Dividend of the Year 2024 of A Shares, Payable on 30 September 2024 Shandong Jinling Mining Co., Ltd. announced interim cash dividend/10 shares (tax included) of CNY 0.20000000 for year 2024 of A shares. Record date is 27 September 2024. Ex-date is 30 September 2024. Payment date is 30 September 2024. Reported Earnings • Aug 24
Second quarter 2024 earnings released: EPS: CN¥0.097 (vs CN¥0.15 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.097 (down from CN¥0.15 in 2Q 2023). Revenue: CN¥416.9m (up 2.3% from 2Q 2023). Net income: CN¥57.8m (down 36% from 2Q 2023). Profit margin: 14% (down from 22% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 1.5% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in China are expected to grow by 9.4%. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings. Announcement • Jun 29
Shandong Jinling Mining Co., Ltd. to Report First Half, 2024 Results on Aug 24, 2024 Shandong Jinling Mining Co., Ltd. announced that they will report first half, 2024 results on Aug 24, 2024 Price Target Changed • May 07
Price target decreased by 15% to CN¥5.33 Down from CN¥6.25, the current price target is provided by 1 analyst. New target price is 19% below last closing price of CN¥6.58. Stock is down 1.8% over the past year. The company is forecast to post earnings per share of CN¥0.37 for next year compared to CN¥0.40 last year. Announcement • May 01
Shandong Jinling Mining Co., Ltd., Annual General Meeting, May 21, 2024 Shandong Jinling Mining Co., Ltd., Annual General Meeting, May 21, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Zibo, Shandong China Announcement • Mar 30
Shandong Jinling Mining Co., Ltd. to Report Q1, 2024 Results on Apr 20, 2024 Shandong Jinling Mining Co., Ltd. announced that they will report Q1, 2024 results on Apr 20, 2024 New Risk • Mar 25
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.08% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.08% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Mar 23
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥0.40 (up from CN¥0.34 in FY 2022). Revenue: CN¥1.45b (up 5.9% from FY 2022). Net income: CN¥235.3m (up 16% from FY 2022). Profit margin: 16% (up from 15% in FY 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) also missed analyst estimates by 18%. Revenue is forecast to grow 1.6% p.a. on average during the next 2 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 23% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥5.65, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 12x in the Metals and Mining industry in China. Total loss to shareholders of 9.6% over the past three years. Announcement • Dec 29
Shandong Jinling Mining Co., Ltd. to Report Fiscal Year 2023 Results on Mar 23, 2024 Shandong Jinling Mining Co., Ltd. announced that they will report fiscal year 2023 results on Mar 23, 2024 Price Target Changed • Oct 21
Price target decreased by 11% to CN¥7.20 Down from CN¥8.08, the current price target is provided by 1 analyst. New target price is 9.9% above last closing price of CN¥6.55. Stock is down 2.2% over the past year. The company is forecast to post earnings per share of CN¥0.48 for next year compared to CN¥0.34 last year. Announcement • Sep 30
Shandong Jinling Mining Co., Ltd. to Report Q3, 2023 Results on Oct 21, 2023 Shandong Jinling Mining Co., Ltd. announced that they will report Q3, 2023 results on Oct 21, 2023 Reported Earnings • Aug 19
Second quarter 2023 earnings released: EPS: CN¥0.15 (vs CN¥0.20 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.15 (down from CN¥0.20 in 2Q 2022). Revenue: CN¥407.4m (down 19% from 2Q 2022). Net income: CN¥90.1m (down 26% from 2Q 2022). Profit margin: 22% (down from 24% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.7% 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 31% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Announcement • Jul 01
Shandong Jinling Mining Co., Ltd. to Report First Half, 2023 Results on Aug 19, 2023 Shandong Jinling Mining Co., Ltd. announced that they will report first half, 2023 results on Aug 19, 2023 Announcement • May 19
Shandong Jinling Mining Co., Ltd. Announces Final Profit Distribution Plan to Be Implemented on A Shares for the Year 2022, Payable on 25 May 2023 Shandong Jinling Mining Co., Ltd. announced final profit distribution plan to be implemented on A shares as cash dividend per ten shares (tax included) of CNY 0.50000000 for the year 2022, payable on 25 May 2023. Record date is 24 May 2023. Ex-date is 25 May 2023. Reported Earnings • Mar 27
Full year 2022 earnings released: EPS: CN¥0.34 (vs CN¥0.21 in FY 2021) Full year 2022 results: EPS: CN¥0.34 (up from CN¥0.21 in FY 2021). Revenue: CN¥1.37b (down 25% from FY 2021). Net income: CN¥203.1m (up 59% from FY 2021). Profit margin: 15% (up from 7.0% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Board Change • Nov 16
High number of new and inexperienced directors There are 10 new directors who have joined the board in the last 3 years. The company's board is composed of: 10 new directors. 2 experienced directors. No highly experienced directors. Staff Director Ge Ning is the most experienced director on the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: CN¥0.061 (vs CN¥0.20 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.061 (down from CN¥0.20 in 3Q 2021). Revenue: CN¥294.7m (down 48% from 3Q 2021). Net income: CN¥36.5m (down 69% from 3Q 2021). Profit margin: 12% (down from 21% in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Reported Earnings • Aug 21
Second quarter 2022 earnings released: EPS: CN¥0.20 (vs CN¥0.27 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.20 (down from CN¥0.27 in 2Q 2021). Revenue: CN¥505.3m (flat on 2Q 2021). Net income: CN¥122.1m (down 24% from 2Q 2021). Profit margin: 24% (down from 32% in 2Q 2021). Over the next year, revenue is forecast to stay flat compared to a 31% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Buying Opportunity • Jul 15
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 9.0%. The fair value is estimated to be CN¥8.86, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 13%. Revenue is forecast to decline by 1.6% in 2 years. Earnings is forecast to grow by 441% in the next 2 years. Buying Opportunity • Jun 20
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 3.4%. The fair value is estimated to be CN¥8.98, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 13%. Revenue is forecast to decline by 1.6% in 2 years. Earnings is forecast to grow by 441% in the next 2 years. Valuation Update With 7 Day Price Move • Jun 07
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥8.34, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 14x in the Metals and Mining industry in China. Total returns to shareholders of 54% over the past three years. Valuation Update With 7 Day Price Move • May 23
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥6.80, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 13x in the Metals and Mining industry in China. Total returns to shareholders of 17% over the past three years. Announcement • May 18
Shandong Jinling Mining Co., Ltd. Announces Final Cash Dividend for the Year 2021 Shandong Jinling Mining Co., Ltd. Limited announced final cash dividend (tax included) is CNY 0.5000000 per 10 shares for the year 2021, at the AGM held on May 13, 2022. Reported Earnings • Apr 27
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: CN¥0.069 (down from CN¥0.16 in 1Q 2021). Revenue: CN¥328.0m (down 24% from 1Q 2021). Net income: CN¥40.8m (down 58% from 1Q 2021). Profit margin: 12% (down from 23% in 1Q 2021). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) also missed analyst estimates by 74%. Over the next year, revenue is forecast to stay flat compared to a 35% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
High number of new and inexperienced directors There are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. 1 experienced director. No highly experienced directors. Non-Independent Director Wei Liu is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment deteriorated over the past week After last week's 18% share price decline to CN¥6.81, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 16x in the Metals and Mining industry in China. Total returns to shareholders of 31% over the past three years. Buying Opportunity • Mar 09
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 7.7%. The fair value is estimated to be CN¥10.19, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% per annum over the last 3 years. The company has become profitable over the last 3 years. Buying Opportunity • Feb 15
Now 21% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be CN¥10.02, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% per annum over the last 3 years. The company has become profitable over the last 3 years. Buying Opportunity • Jan 25
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 9.7%. The fair value is estimated to be CN¥10.04, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% per annum over the last 3 years. The company has become profitable over the last 3 years. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.20 (vs CN¥0.14 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: CN¥565.4m (up 39% from 3Q 2020). Net income: CN¥116.3m (up 42% from 3Q 2020). Profit margin: 21% (in line with 3Q 2020). 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 35% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment deteriorated over the past week After last week's 27% share price decline to CN¥8.76, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 18x in the Metals and Mining industry in China. Total returns to shareholders of 157% over the past three years. Valuation Update With 7 Day Price Move • Aug 30
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥11.32, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 21x in the Metals and Mining industry in China. Total returns to shareholders of 231% over the past three years. Reported Earnings • Aug 22
Second quarter 2021 earnings released: EPS CN¥0.27 (vs CN¥0.16 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥505.2m (up 42% from 2Q 2020). Net income: CN¥159.7m (up 69% from 2Q 2020). Profit margin: 32% (up from 27% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 02
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥9.46, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 20x in the Metals and Mining industry in China. Total returns to shareholders of 193% over the past three years. Valuation Update With 7 Day Price Move • Jun 07
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥10.18, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 17x in the Metals and Mining industry in China. Total returns to shareholders of 169% over the past three years. Announcement • May 28
Shandong Jinling Mining Co., Ltd. Announces Cash Dividend for the Year 2020, Payable on June 4, 2021 Shandong Jinling Mining Co., Ltd. announced cash dividend per 10 shares (tax included) of CNY 1.00000000 for the year 2020, payable on June 4, 2021. Record date is June 3, 2021 and ex-date is June 4, 2021. Valuation Update With 7 Day Price Move • May 07
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥9.21, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 17x in the Metals and Mining industry in China. Total returns to shareholders of 117% over the past three years. Reported Earnings • Apr 25
First quarter 2021 earnings released: EPS CN¥0.16 (vs CN¥0.052 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥431.1m (up 70% from 1Q 2020). Net income: CN¥97.0m (up 213% from 1Q 2020). Profit margin: 23% (up from 12% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 20
Full year 2020 earnings released: EPS CN¥0.39 (vs CN¥0.30 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥1.43b (up 7.4% from FY 2019). Net income: CN¥230.5m (up 28% from FY 2019). Profit margin: 16% (up from 13% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 17
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥7.90, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 20x in the Metals and Mining industry in China. Total returns to shareholders of 43% over the past three years. Valuation Update With 7 Day Price Move • Feb 22
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥7.92, the stock is trading at a trailing P/E ratio of 22.1x, up from the previous P/E ratio of 18.9x. This compares to an average P/E of 34x in the Metals and Mining industry in China. Total returns to shareholders over the past three years are 49%. Announcement • Feb 18
Shandong Jinling Mining Co., Ltd. to Report Fiscal Year 2020 Results on Mar 20, 2021 Shandong Jinling Mining Co., Ltd. announced that they will report fiscal year 2020 results on Mar 20, 2021 Is New 90 Day High Low • Dec 21
New 90-day high: CN¥9.15 The company is up 44% from its price of CN¥6.35 on 22 September 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 8.0% over the same period. Valuation Update With 7 Day Price Move • Dec 21
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥9.15, the stock is trading at a trailing P/E ratio of 25.6x, up from the previous P/E ratio of 21.2x. This compares to an average P/E of 32x in the Metals and Mining industry in China. Total returns to shareholders over the past three years are 21%. Valuation Update With 7 Day Price Move • Dec 04
Market bids up stock over the past week After last week's 18% share price gain to CN¥8.33, the stock is trading at a trailing P/E ratio of 23.3x, up from the previous P/E ratio of 19.7x. This compares to an average P/E of 34x in the Metals and Mining industry in China. Total returns to shareholders over the past three years are 11%. Is New 90 Day High Low • Nov 23
New 90-day high: CN¥7.28 The company is up 2.0% from its price of CN¥7.15 on 25 August 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 4.0% over the same period. Is New 90 Day High Low • Oct 26
New 90-day low: CN¥5.92 The company is down 13% from its price of CN¥6.83 on 28 July 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is down 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥5.12 per share. Reported Earnings • Oct 25
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥213.0m, up 6.2% from the prior year. Total revenue was CN¥1.33b over the last 12 months, up 4.1% from the prior year. Announcement • Oct 17
Shandong Jinling Mining Co., Ltd. to Report Q3, 2020 Results on Oct 24, 2020 Shandong Jinling Mining Co., Ltd. announced that they will report Q3, 2020 results on Oct 24, 2020 Announcement • Jul 31
Shandong Jinling Mining Co., Ltd. to Report First Half, 2020 Results on Aug 22, 2020 Shandong Jinling Mining Co., Ltd. announced that they will report first half, 2020 results on Aug 22, 2020 
