New Risk • Apr 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 8.3% 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. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 11% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.3% average weekly change). Announcement • Apr 10
Xizang Mineral Development Co. LTD, Annual General Meeting, May 15, 2026 Xizang Mineral Development Co. LTD, Annual General Meeting, May 15, 2026, at 14:30 China Standard Time. Location: 15F, Jinxiyuan, Dunzhu Financial City, Cijuelin Subdistrict, Liuwu New District, Lhasa, Xizang China Reported Earnings • Apr 10
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: CN¥0.06 loss per share (down from CN¥0.21 profit in FY 2024). Revenue: CN¥352.0m (down 43% from FY 2024). Net loss: CN¥30.2m (down 127% from profit in FY 2024). Revenue missed analyst estimates by 66%. Earnings per share (EPS) were also behind analyst expectations. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance. Announcement • Mar 31
Xizang Mineral Development Co. LTD to Report Q1, 2026 Results on Apr 24, 2026 Xizang Mineral Development Co. LTD announced that they will report Q1, 2026 results on Apr 24, 2026 Announcement • Dec 31
Xizang Mineral Development Co. LTD to Report Fiscal Year 2025 Results on Apr 10, 2026 Xizang Mineral Development Co. LTD announced that they will report fiscal year 2025 results on Apr 10, 2026 New Risk • Dec 03
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. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 1.4% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (7.3% average weekly change). Reported Earnings • Oct 29
Third quarter 2025 earnings released: EPS: CN¥0.016 (vs CN¥0.079 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.016 (down from CN¥0.079 in 3Q 2024). Revenue: CN¥69.1m (down 65% from 3Q 2024). Net income: CN¥8.09m (down 80% from 3Q 2024). Profit margin: 12% (down from 21% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance. Announcement • Sep 30
Xizang Mineral Development Co. LTD to Report Q3, 2025 Results on Oct 29, 2025 Xizang Mineral Development Co. LTD announced that they will report Q3, 2025 results on Oct 29, 2025 Reported Earnings • Aug 22
Second quarter 2025 earnings released: CN¥0.003 loss per share (vs CN¥0.17 profit in 2Q 2024) Second quarter 2025 results: CN¥0.003 loss per share (down from CN¥0.17 profit in 2Q 2024). Revenue: CN¥66.0m (down 73% from 2Q 2024). Net loss: CN¥1.87m (down 102% from profit in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 43 percentage points per year, which is a significant difference in performance. Announcement • Jul 02
Tibet Mineral Development Co., LTD to Report First Half, 2025 Results on Aug 21, 2025 Tibet Mineral Development Co., LTD announced that they will report first half, 2025 results on Aug 21, 2025 New Risk • Apr 25
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 14% Last year net profit margin: 20% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. This is currently the only risk that has been identified for the company. Announcement • Apr 04
Tibet Mineral Development Co., Ltd Proposes Final Dividend for 2024 Tibet Mineral Development Co., LTD announced, on April 2, 2025, profit distribution proposal for 2024 as follows: Cash dividend/10 shares of CNY 0.50000000. New Risk • Apr 02
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 32% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. This is currently the only risk that has been identified for the company. Reported Earnings • Apr 02
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: EPS: CN¥0.21 (down from CN¥0.31 in FY 2023). Revenue: CN¥622.2m (down 23% from FY 2023). Net income: CN¥111.7m (down 32% from FY 2023). Profit margin: 18% (down from 20% in FY 2023). Revenue exceeded analyst estimates by 22%. Earnings per share (EPS) missed analyst estimates by 40%. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Announcement • Apr 02
Tibet Mineral Development Co., LTD, Annual General Meeting, Apr 23, 2025 Tibet Mineral Development Co., LTD, Annual General Meeting, Apr 23, 2025, at 14:30 China Standard Time. Location: 15F, Jinxiyuan, Dunzhu Financial City, Cijuelin Subdistrict, Liuwu New District, Lhasa, Xizang China Announcement • Mar 31
Tibet Mineral Development Co., LTD to Report Q1, 2025 Results on Apr 25, 2025 Tibet Mineral Development Co., LTD announced that they will report Q1, 2025 results on Apr 25, 2025 Announcement • Dec 31
Tibet Mineral Development Co., LTD to Report Fiscal Year 2024 Results on Apr 02, 2025 Tibet Mineral Development Co., LTD announced that they will report fiscal year 2024 results on Apr 02, 2025 Reported Earnings • Oct 25
Third quarter 2024 earnings released: EPS: CN¥0.079 (vs CN¥0.17 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.079 (down from CN¥0.17 in 3Q 2023). Revenue: CN¥195.0m (down 29% from 3Q 2023). Net income: CN¥41.2m (down 53% from 3Q 2023). Profit margin: 21% (down from 32% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 24% per year, which means it is performing significantly worse than earnings. Announcement • Sep 30
Tibet Mineral Development Co., LTD to Report Q3, 2024 Results on Oct 25, 2024 Tibet Mineral Development Co., LTD announced that they will report Q3, 2024 results on Oct 25, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥21.35, the stock trades at a trailing P/E ratio of 44.6x. Average trailing P/E is 23x in the Metals and Mining industry in China. Total loss to shareholders of 60% over the past three years. Reported Earnings • Aug 21
Second quarter 2024 earnings released: EPS: CN¥0.17 (vs CN¥0.016 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.17 (up from CN¥0.016 in 2Q 2023). Revenue: CN¥244.4m (up 26% from 2Q 2023). Net income: CN¥87.4m (up CN¥79.5m from 2Q 2023). Profit margin: 36% (up from 4.1% in 2Q 2023). The increase in margin was primarily driven by higher revenue. 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 34% per year, which means it is significantly lagging earnings. Announcement • Jun 29
Tibet Mineral Development Co., LTD to Report First Half, 2024 Results on Aug 21, 2024 Tibet Mineral Development Co., LTD announced that they will report first half, 2024 results on Aug 21, 2024 Announcement • May 12
Tibet Mineral Development Co., LTD, Annual General Meeting, May 31, 2024 Tibet Mineral Development Co., LTD, Annual General Meeting, May 31, 2024, at 14:30 China Standard Time. Announcement • Apr 27
Tibet Mineral Development Co., LTD Proposes Cash Dividend for 2023 Tibet Mineral Development Co., LTD announced on 26 April 2024 the profit distribution proposal for 2023: cash dividend/10 shares (tax included) of CNY 1.00000000. Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: CN¥0.045 (vs CN¥0.033 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.045 (up from CN¥0.033 in 1Q 2023). Revenue: CN¥147.8m (up 64% from 1Q 2023). Net income: CN¥23.7m (up 36% from 1Q 2023). Profit margin: 16% (down from 19% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥20.74, the stock trades at a trailing P/E ratio of 25.1x. Average trailing P/E is 28x in the Metals and Mining industry in China. Total returns to shareholders of 33% over the past three years. Announcement • Mar 30
Tibet Mineral Development Co., LTD to Report Q1, 2024 Results on Apr 26, 2024 Tibet Mineral Development Co., LTD announced that they will report Q1, 2024 results on Apr 26, 2024 Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to CN¥20.16, the stock trades at a trailing P/E ratio of 24.4x. Average trailing P/E is 25x in the Metals and Mining industry in China. Total returns to shareholders of 39% over the past three years. New Risk • Jan 22
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 8.0% 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.0% average weekly change). Minor Risk Dividend is not well covered by cash flows (106% cash payout ratio). Announcement • Dec 29
Tibet Mineral Development Co., LTD to Report Fiscal Year 2023 Results on Apr 26, 2024 Tibet Mineral Development Co., LTD announced that they will report fiscal year 2023 results on Apr 26, 2024 Valuation Update With 7 Day Price Move • Dec 05
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥27.89, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 14x in the Metals and Mining industry in China. Total returns to shareholders of 121% over the past three years. New Risk • Dec 04
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 5.9% 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: Minor Risks Dividend is not well covered by cash flows (106% cash payout ratio). Share price has been volatile over the past 3 months (5.9% average weekly change). Announcement • Nov 07
Tibet Mineral Development Co., Ltd Announces Interim Cash Dividend A Share for 2023 Tibet Mineral Development Co., LTD announced interim cash dividend of CNY 4.80627500 per 10 shares on A share for 2023. Record date is 10 November 2023, Ex-date is 13 November 2023 and Payment date is 13 November 2023. Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: CN¥0.17 (vs CN¥0.005 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.17 (up from CN¥0.005 in 3Q 2022). Revenue: CN¥275.5m (up 162% from 3Q 2022). Net income: CN¥87.8m (up CN¥85.2m from 3Q 2022). Profit margin: 32% (up from 2.5% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 43% 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 75% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth. Announcement • Sep 22
Tibet Mineral Development Co., Ltd Approves Cash Dividend for the Year 2023 Tibet Mineral Development Co., LTD announced that at its EGM held on September 20, 2023, shareholders approved the cash dividend of CNY 4.80630 per 10 shares for the year 2023. Announcement • Aug 31
Tibet Mineral Development Co., Ltd Proposes Interim Cash Dividend for First Half of 2023 Tibet Mineral Development Co., LTD proposed interim cash dividend per 10 shares (tax included) of CNY 4.80630000 for first half of 2023. Reported Earnings • Aug 30
Second quarter 2023 earnings released: EPS: CN¥0.016 (vs CN¥0.66 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.016 (down from CN¥0.66 in 2Q 2022). Revenue: CN¥193.4m (down 78% from 2Q 2022). Net income: CN¥7.90m (down 98% from 2Q 2022). Profit margin: 4.1% (down from 40% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 44% 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 increased by 87% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth. Price Target Changed • Jul 18
Price target decreased by 16% to CN¥39.42 Down from CN¥47.18, the current price target is an average from 2 analysts. New target price is 34% above last closing price of CN¥29.46. Stock is down 49% over the past year. The company is forecast to post earnings per share of CN¥1.12 for next year compared to CN¥1.53 last year. Reported Earnings • Apr 28
First quarter 2023 earnings released: EPS: CN¥0.033 (vs CN¥0.25 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.033 (down from CN¥0.25 in 1Q 2022). Revenue: CN¥90.0m (down 75% from 1Q 2022). Net income: CN¥17.4m (down 87% from 1Q 2022). Profit margin: 19% (down from 37% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 57% 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 increased by 100% per year but the company’s share price has only increased by 69% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
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. 1 highly experienced director. Chairman of the Board Tai Zeng is the most experienced director on the board, commencing their role in 2009. 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 • Nov 04
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥44.20, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 13x in the Metals and Mining industry in China. Total returns to shareholders of 552% over the past three years. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: CN¥0.005 (vs CN¥0.16 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.005 (down from CN¥0.16 in 3Q 2021). Revenue: CN¥105.1m (down 50% from 3Q 2021). Net income: CN¥2.61m (down 97% from 3Q 2021). Profit margin: 2.5% (down from 41% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 45% 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 increased by 103% per year but the company’s share price has only increased by 82% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 29
Second quarter 2022 earnings released: EPS: CN¥0.66 (vs CN¥0.043 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.66 (up from CN¥0.043 in 2Q 2021). Revenue: CN¥867.9m (up CN¥777.7m from 2Q 2021). Net income: CN¥343.4m (up CN¥321.0m from 2Q 2021). Profit margin: 40% (up from 25% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 79%, compared to a 30% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 109% per year but the company’s share price has only increased by 92% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 02
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: CN¥0.25 (up from CN¥0.039 in 1Q 2021). Revenue: CN¥352.8m (up 159% from 1Q 2021). Net income: CN¥132.0m (up CN¥112.0m from 1Q 2021). Profit margin: 37% (up from 15% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 6.2%. Earnings per share (EPS) also missed analyst estimates by 25%. Over the next year, revenue is forecast to grow 53%, compared to a 27% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has only increased by 66% per year, which means it is significantly lagging earnings growth. Price Target Changed • Apr 27
Price target increased to CN¥63.16 Up from CN¥10.10, the current price target is provided by 1 analyst. New target price is 111% above last closing price of CN¥29.92. Stock is up 98% over the past year. The company is forecast to post earnings per share of CN¥0.61 for next year compared to CN¥0.27 last year. Board Change • Apr 27
Less than half of directors are independent There are 8 new directors who have joined the board in the last 3 years. Of these new board members, 4 were independent directors. The company's board is composed of: 8 new directors. 1 experienced director. 3 highly experienced directors. 4 independent directors (5 non-independent directors). Chairman of the Board Tai Zeng is the most experienced director on the board, commencing their role in 2009. Independent Director Wen Mou was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Mar 28
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CN¥0.27 (up from CN¥0.093 loss in FY 2020). Revenue: CN¥644.1m (up 68% from FY 2020). Net income: CN¥140.2m (up CN¥188.7m from FY 2020). Profit margin: 22% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 7.9%. Earnings per share (EPS) also missed analyst estimates by 19%. Over the next year, revenue is forecast to grow 69%, compared to a 10,791% growth forecast for the mining industry in China. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has only increased by 67% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 27
Second quarter 2021 earnings released: EPS CN¥0.043 (vs CN¥0.02 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥90.3m (up 6.3% from 2Q 2020). Net income: CN¥22.4m (up CN¥32.7m from 2Q 2020). Profit margin: 25% (up from net loss in 2Q 2020). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has increased by 87% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 01
First quarter 2021 earnings released: EPS CN¥0.039 (vs CN¥0.042 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥136.1m (up 140% from 1Q 2020). Net income: CN¥20.1m (up CN¥41.9m from 1Q 2020). Profit margin: 15% (up from net loss in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 14
Full year 2020 earnings released: CN¥0.093 loss per share (vs CN¥0.16 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: CN¥383.0m (down 42% from FY 2019). Net loss: CN¥48.5m (down 158% from profit in FY 2019). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Mar 12
Tibet Mineral Development Co., LTD Announces Management Changes Tibet Mineral Development Co., LTD in its Extraordinary General Meeting of 2021 held on 09 March 2021, election of Zeng Tai as a director, election of Zhang Jintao as a director, election of Ni La as a director, election of Buqiong Ciren as a director; election of Mou Wen as an independent director; election of Wang Bei as a director; election of Yang Yong as an independent director; election of Yan Hong as an independent director; election of Deng Zhaoping as an independent director; election of Laba Jiangcun as a shareholder supervisor; and election of Du Qiu as a shareholder supervisor. Announcement • Mar 09
Tibet Mineral Development Co., LTD to Report Fiscal Year 2020 Results on Apr 21, 2021 Tibet Mineral Development Co., LTD announced that they will report fiscal year 2020 results on Apr 21, 2021 Is New 90 Day High Low • Jan 15
New 90-day high: CN¥15.27 The company is up 59% from its price of CN¥9.60 on 16 October 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 13% over the same period. Is New 90 Day High Low • Dec 25
New 90-day high: CN¥14.28 The company is up 51% from its price of CN¥9.43 on 25 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 13% over the same period. Is New 90 Day High Low • Nov 05
New 90-day high: CN¥11.13 The company is up 5.0% from its price of CN¥10.55 on 07 August 2020. The Chinese market is down 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is down 11% over the same period. Announcement • Aug 12
Tibet Mineral Development Co., LTD to Report First Half, 2020 Results on Aug 28, 2020 Tibet Mineral Development Co., LTD announced that they will report first half, 2020 results on Aug 28, 2020 
