Declared Dividend • May 17
Dividend of CN¥0.23 announced Shareholders will receive a dividend of CN¥0.23. Ex-date: 22nd May 2026 Payment date: 22nd May 2026 Dividend yield will be 1.2%, which is lower than the industry average of 2.8%. Sustainability & Growth Dividend is covered by earnings (39% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 18% per year over the past 5 years. However, payments have been volatile during that time. EPS is expected to grow by 73% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • May 14
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 12% to CN¥19.74. The fair value is estimated to be CN¥25.20, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has declined by 20%. Revenue is forecast to grow by 17% in 2 years. Earnings are forecast to grow by 110% in the next 2 years. Buy Or Sell Opportunity • Apr 27
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 20% to CN¥19.49. The fair value is estimated to be CN¥24.49, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has declined by 20%. Revenue is forecast to grow by 14% in 2 years. Earnings are forecast to grow by 196% in the next 2 years. New Risk • Apr 24
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 20% 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (20% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (9.1% average weekly change). Shareholders have been diluted in the past year (21% increase in shares outstanding). Announcement • Mar 31
Yunnan Copper Co.,Ltd to Report Q1, 2026 Results on Apr 24, 2026 Yunnan Copper Co.,Ltd announced that they will report Q1, 2026 results on Apr 24, 2026 New Risk • Mar 31
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 1.3% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (9.4% average weekly change). Shareholders have been diluted in the past year (21% increase in shares outstanding). Announcement • Mar 26
Yunnan Copper Co.,Ltd, Annual General Meeting, Apr 17, 2026 Yunnan Copper Co.,Ltd, Annual General Meeting, Apr 17, 2026, at 14:30 China Standard Time. Location: No. 1, Huayun Road, Panlong District, Kunming, Yunnan China Valuation Update With 7 Day Price Move • Mar 19
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥19.03, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 22x in the Metals and Mining industry in China. Total returns to shareholders of 62% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥33.87 per share. New Risk • Mar 16
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 21% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Share price has been volatile over the past 3 months (9.3% average weekly change). Shareholders have been diluted in the past year (21% increase in shares outstanding). Announcement • Mar 11
Yunnan Copper Co.,Ltd announced that it has received CNY 1.499999992 billion in funding from Aluminum Corporation of China Limited, China Copper Corporation Limited On March 10, 2026, Yunnan Copper Co.,Ltd closed the transaction. After deducting issuance expenses (excluding VAT),net amount of funds is CNY 1,492,924,520.52. Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥26.69, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 26x in the Metals and Mining industry in China. Total returns to shareholders of 121% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥37.80 per share. New Risk • Jan 29
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 7.5% 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risk Share price has been volatile over the past 3 months (7.5% average weekly change). Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥26.79, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 26x in the Metals and Mining industry in China. Total returns to shareholders of 116% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥36.72 per share. Announcement • Dec 31
Yunnan Copper Co.,Ltd to Report Fiscal Year 2025 Results on Mar 27, 2026 Yunnan Copper Co.,Ltd announced that they will report fiscal year 2025 results on Mar 27, 2026 New Risk • Nov 21
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 7.4% 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risk Share price has been volatile over the past 3 months (7.4% average weekly change). Reported Earnings • Oct 25
Third quarter 2025 earnings released: EPS: CN¥0.12 (vs CN¥0.23 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.12 (down from CN¥0.23 in 3Q 2024). Revenue: CN¥48.8b (up 12% from 3Q 2024). Net income: CN¥234.5m (down 49% from 3Q 2024). Profit margin: 0.5% (down from 1.1% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.7% 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 fallen by 17% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Announcement • Sep 30
Yunnan Copper Co.,Ltd to Report Q3, 2025 Results on Oct 25, 2025 Yunnan Copper Co.,Ltd announced that they will report Q3, 2025 results on Oct 25, 2025 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥17.48, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 19x in the Metals and Mining industry in China. Total returns to shareholders of 92% over the past three years. Major Estimate Revision • Sep 06
Consensus EPS estimates increase by 26% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from CN¥193.4b to CN¥195.4b. EPS estimate increased from CN¥0.535 to CN¥0.675 per share. Net income forecast to grow 13% next year vs 41% growth forecast for Metals and Mining industry in China. Consensus price target up from CN¥13.00 to CN¥17.00. Share price was steady at CN¥15.13 over the past week. Reported Earnings • Aug 26
Second quarter 2025 earnings released: EPS: CN¥0.38 (vs CN¥0.30 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.38 (up from CN¥0.30 in 2Q 2024). Revenue: CN¥51.2b (down 4.8% from 2Q 2024). Net income: CN¥757.2m (up 25% from 2Q 2024). Profit margin: 1.5% (up from 1.1% in 2Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Announcement • Jul 23
Yunnan Copper Co.,Ltd announced that it expects to receive CNY 1.499999992 billion in funding from Aluminum Corporation of China Limited, China Copper Corporation Limited Yunnan Copper Co.,Ltd announced a private placement to issue 165,380,374 A shares at an issue price of CNY 9.07 per share for gross proceeds of CNY 1,499,999,992.18 on July 19, 2025. The transaction will include participation from returning investors Aluminum Corporation of China for CNY 1,000,000,000 and China Copper Corporation Limited for CNY 500,000,000. It cannot be transferred within 36 months from the date of the end of the share issuance. The transaction plan has been reviewed and approved by the 38th meeting of the 9th Board of Directors and the 2nd meeting of the 10th Board of Directors of the listed company, must be reviewed and approved by the Shenzhen Stock Exchange and registered with the China Securities Regulatory Commission and shareholders. Announcement • Jul 02
Yunnan Copper Co.,Ltd to Report First Half, 2025 Results on Aug 26, 2025 Yunnan Copper Co.,Ltd announced that they will report first half, 2025 results on Aug 26, 2025 Declared Dividend • May 24
Dividend of CN¥0.24 announced Shareholders will receive a dividend of CN¥0.24. Ex-date: 30th May 2025 Payment date: 30th May 2025 Dividend yield will be 2.2%, which is lower than the industry average of 2.8%. Sustainability & Growth Dividend is well covered by both earnings (39% earnings payout ratio) and cash flows (46% cash payout ratio). The dividend has increased by an average of 28% per year over the past 4 years. However, payments have been volatile during that time. EPS is expected to grow by 87% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Major Estimate Revision • May 01
Consensus EPS estimates fall by 24% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from CN¥0.705 to CN¥0.535 per share. Revenue forecast steady at CN¥193.4b. Net income forecast to shrink 7.1% next year vs 43% growth forecast for Metals and Mining industry in China . Consensus price target down from CN¥16.00 to CN¥13.00. Share price was steady at CN¥11.64 over the past week. Reported Earnings • Apr 25
First quarter 2025 earnings released: EPS: CN¥0.28 (vs CN¥0.23 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.28 (up from CN¥0.23 in 1Q 2024). Revenue: CN¥37.8b (up 20% from 1Q 2024). Net income: CN¥559.7m (up 24% from 1Q 2024). Profit margin: 1.5% (up from 1.4% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.9% p.a. on average during the next 3 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 3% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Announcement • Apr 17
Yunnan Copper Co.,Ltd Approves Dividend for the Year 2024 Yunnan Copper Co.,Ltd approved at its AGM held on 15 April 2025 the cash dividend/10 shares (tax included) of CNY 2.40000000 for the year 2024. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥10.98, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 15x in the Metals and Mining industry in China. Total returns to shareholders of 3.4% over the past three years. Board Change • Apr 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Jingen Han was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Mar 31
Yunnan Copper Co.,Ltd to Report Q1, 2025 Results on Apr 25, 2025 Yunnan Copper Co.,Ltd announced that they will report Q1, 2025 results on Apr 25, 2025 Reported Earnings • Mar 27
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: EPS: CN¥0.63 (down from CN¥0.79 in FY 2023). Revenue: CN¥178.0b (up 21% from FY 2023). Net income: CN¥1.26b (down 20% from FY 2023). Profit margin: 0.7% (down from 1.1% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 23%. Earnings per share (EPS) missed analyst estimates by 33%. Revenue is forecast to grow 3.0% 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 7% per year whereas the company’s share price has increased by 6% per year. Announcement • Mar 26
Yunnan Copper Co.,Ltd, Annual General Meeting, Apr 15, 2025 Yunnan Copper Co.,Ltd, Annual General Meeting, Apr 15, 2025, at 14:30 China Standard Time. Location: No. 1, Huayun Road, Panlong District, Kunming, Yunnan China Announcement • Mar 13
Yunnan Copper Co.,Ltd Approves Election of Chai Zhenglong as Non-Independent Director Yunnan Copper Co.,Ltd at its EGM held on March 11, 2025 approved election of Chai Zhenglong as non-independent director. Announcement • Dec 31
Yunnan Copper Co.,Ltd to Report Fiscal Year 2024 Results on Mar 26, 2025 Yunnan Copper Co.,Ltd announced that they will report fiscal year 2024 results on Mar 26, 2025 Reported Earnings • Oct 28
Third quarter 2024 earnings released: EPS: CN¥0.23 (vs CN¥0.25 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.23 (down from CN¥0.25 in 3Q 2023). Revenue: CN¥43.8b (up 10% from 3Q 2023). Net income: CN¥463.1m (down 8.8% from 3Q 2023). Profit margin: 1.1% (down from 1.3% in 3Q 2023). Revenue is forecast to grow 4.9% 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 19% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Sep 30
Yunnan Copper Co.,Ltd to Report Q3, 2024 Results on Oct 28, 2024 Yunnan Copper Co.,Ltd announced that they will report Q3, 2024 results on Oct 28, 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¥13.92, 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 4.4% over the past three years. Announcement • Sep 21
Yunnan Copper Co.,Ltd Approves Interim Profit Distribution Plan for 2024 Yunnan Copper Co.,Ltd at its third Extraordinary General Meeting held on September 19, 2024, during which the following proposal was approved: 2024 interim profit distribution plan. The detailed profit distribution plan is as follows: Cash dividend per 10 shares (tax included): CNY0.30000000. Reported Earnings • Aug 31
Second quarter 2024 earnings released: EPS: CN¥0.30 (vs CN¥0.27 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.30 (up from CN¥0.27 in 2Q 2023). Revenue: CN¥53.7b (up 32% from 2Q 2023). Net income: CN¥607.8m (up 14% from 2Q 2023). Profit margin: 1.1% (down from 1.3% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.0% 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 30% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. New Risk • Aug 31
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: 1.0% Last year net profit margin: 1.5% 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. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (1.0% net profit margin). Announcement • Aug 31
Yunnan Copper Co.,Ltd Announces the Profit Distribution Proposal for the First Half of 2024 Yunnan Copper Co.,Ltd announced the profit distribution proposal for the first half of 2024 as follows: Cash dividend per 10 shares (tax included) of CNY 0.30000000. Announcement • Jun 29
Yunnan Copper Co.,Ltd to Report First Half, 2024 Results on Aug 30, 2024 Yunnan Copper Co.,Ltd announced that they will report first half, 2024 results on Aug 30, 2024 Board Change • May 22
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Independent Director Ganchuang Jiang was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • May 17
Dividend reduced to CN¥0.30 Dividend of CN¥0.30 is 25% lower than last year. Ex-date: 23rd May 2024 Payment date: 23rd May 2024 Dividend yield will be 2.1%, which is lower than the industry average of 2.8%. Sustainability & Growth Dividend is covered by earnings (39% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 44% per year over the past 3 years. However, payments have been volatile during that time. EPS is expected to grow by 60% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 16
Yunnan Copper Co.,Ltd Announces Final Profit Distribution Plan to Be Implemented on A Shares for the Year 2023, Payable on 23 May 2024 Yunnan Copper Co.,Ltd announced final profit distribution plan to be implemented on A shares as cash dividend per ten shares (tax included) of CNY 3.00000000 for the year 2023. Record date is 22 May 2024. Ex-date is 23 May 2024. Payment date is 23 May 2024. Reported Earnings • Apr 27
First quarter 2024 earnings released: EPS: CN¥0.23 (vs CN¥0.24 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.23 (down from CN¥0.24 in 1Q 2023). Revenue: CN¥31.5b (up 4.9% from 1Q 2023). Net income: CN¥451.5m (down 5.6% from 1Q 2023). Profit margin: 1.4% (down from 1.6% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Apr 04
Consensus EPS estimates fall by 20% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from CN¥1.08 to CN¥0.86 per share. Revenue forecast steady at CN¥145.7b. Net income forecast to grow 8.9% next year vs 34% growth forecast for Metals and Mining industry in China. Consensus price target of CN¥16.00 unchanged from last update. Share price rose 8.9% to CN¥14.14 over the past week. Announcement • Mar 30
Yunnan Copper Co.,Ltd to Report Q1, 2024 Results on Apr 27, 2024 Yunnan Copper Co.,Ltd announced that they will report Q1, 2024 results on Apr 27, 2024 Reported Earnings • Mar 30
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: CN¥0.79 (down from CN¥1.04 in FY 2022). Revenue: CN¥147.0b (up 8.9% from FY 2022). Net income: CN¥1.58b (down 13% from FY 2022). Profit margin: 1.1% (down from 1.3% in FY 2022). Revenue exceeded analyst estimates by 5.2%. Earnings per share (EPS) missed analyst estimates by 23%. Revenue is forecast to grow 3.3% p.a. on average during the next 3 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 50% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Mar 29
Yunnan Copper Co.,Ltd, Annual General Meeting, Apr 18, 2024 Yunnan Copper Co.,Ltd, Annual General Meeting, Apr 18, 2024, at 14:30 China Standard Time. Location: No. 1, Huayun Road, Panlong District, Kunming, Yunnan China Valuation Update With 7 Day Price Move • Mar 19
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥13.31, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 13x in the Metals and Mining industry in China. Total returns to shareholders of 2.2% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥25.43 per share. Announcement • Jan 18
Yunnan Copper Co.,Ltd Announces Directors Appointments Yunnan Copper Co.,Ltd at its 1st Extraordinary General Meeting of 2024 on 16 January 2024 were approved Election of non-independent directors. Jiang Ganchuang as non-independent director and Luo Decai as non-independent director. Announcement • Dec 29
Yunnan Copper Co.,Ltd to Report Fiscal Year 2023 Results on Mar 29, 2024 Yunnan Copper Co.,Ltd announced that they will report fiscal year 2023 results on Mar 29, 2024 Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: CN¥0.25 (vs CN¥0.46 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.25 (down from CN¥0.46 in 3Q 2022). Revenue: CN¥39.8b (up 18% from 3Q 2022). Net income: CN¥507.8m (down 35% from 3Q 2022). Profit margin: 1.3% (down from 2.3% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.6% 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 57% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Jul 01
Yunnan Copper Co.,Ltd to Report First Half, 2023 Results on Aug 23, 2023 Yunnan Copper Co.,Ltd announced that they will report first half, 2023 results on Aug 23, 2023 Announcement • May 19
Yunnan Copper Co.,Ltd Announces Final Profit Distribution Plan to Be Implemented on A Shares for the Year 2022, Payable on 24 May 2023 Yunnan Copper Co.,Ltd announced final profit distribution plan to be implemented on A shares as cash dividend per ten shares (tax included) of CNY 4.00000000 for the year 2022, payable on 24 May 2023. Record date is 23 May 2023. Ex-date is 24 May 2023. Announcement • May 13
Yunnan Copper Co.,Ltd Approves Cash Dividend for the Year 2022 Yunnan Copper Co.,Ltd at its Annual General Meeting of 2022 on 09 May 2023, approved Cash dividend/10 shares (tax included): CNY 4.00000000 for the year 2022. Reported Earnings • Apr 11
Full year 2022 earnings released: EPS: CN¥1.04 (vs CN¥0.38 in FY 2021) Full year 2022 results: EPS: CN¥1.04 (up from CN¥0.38 in FY 2021). Revenue: CN¥134.9b (up 6.2% from FY 2021). Net income: CN¥1.81b (up 179% from FY 2021). Profit margin: 1.3% (up from 0.5% in FY 2021). The increase in margin was driven by higher revenue. Revenue is expected to decline by 1.9% p.a. on average during the next 2 years, while revenues in the Metals and Mining industry in China are expected to grow by 11%. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Price Target Changed • Apr 01
Price target increased by 9.1% to CN¥14.40 Up from CN¥13.20, the current price target is an average from 2 analysts. New target price is 12% above last closing price of CN¥12.89. Stock is up 14% over the past year. The company is forecast to post earnings per share of CN¥0.83 for next year compared to CN¥0.38 last year. Announcement • Nov 29
Yunnan Copper Co.,Ltd announced that it expects to receive CNY 2.67 billion in funding from China Structural Reform Fund, UBS Group AG and other investors Yunnan Copper Co.,Ltd announced a private placement of common shares for proceeds of CNY 2,670,000,000 on November 27, 2022. The transaction will include participation from 15 investors including China Structural Reform Fund and UBS Group AG. Board Change • Nov 16
Less than half of directors are independent There are 7 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: 4 independent directors. 7 non-independent directors. Independent Director Pengjie Na 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. Major Estimate Revision • Oct 24
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate increased from CN¥0.65 to CN¥0.81. Revenue forecast steady at CN¥126.5b. Net income forecast to shrink 31% next year vs 39% growth forecast for Metals and Mining industry in China . Consensus price target down from CN¥13.20 to CN¥12.80. Share price fell 4.3% to CN¥10.75 over the past week. Reported Earnings • Oct 18
Third quarter 2022 earnings released: EPS: CN¥0.46 (vs CN¥0.16 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.46 (up from CN¥0.16 in 3Q 2021). Revenue: CN¥33.6b (flat on 3Q 2021). Net income: CN¥784.4m (up 192% from 3Q 2021). Profit margin: 2.3% (up from 0.8% in 3Q 2021). Revenue is expected to decline by 2.8% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in China are expected to grow by 11%. 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 2% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Aug 27
Consensus EPS estimates increase by 18% The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from CN¥125.1b to CN¥129.2b. EPS estimate increased from CN¥0.56 to CN¥0.66 per share. Net income forecast to shrink 0.3% next year vs 37% growth forecast for Metals and Mining industry in China . Consensus price target up from CN¥12.00 to CN¥13.20. Share price was steady at CN¥11.56 over the past week. Announcement • Jun 16
Yunnan Copper Co., Ltd. Announces Appointment of Gao Xingfang as Non-Employee Supervisor Yunnan Copper Co., Ltd. announced at the EGM held on June 14, 2022 that the company approved Election of Gao Xingfang as non-employee supervisor. Reported Earnings • Apr 28
First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2022 results: EPS: CN¥0.22 (up from CN¥0.084 in 1Q 2021). Revenue: CN¥28.9b (up 6.8% from 1Q 2021). Net income: CN¥373.9m (up 161% from 1Q 2021). Profit margin: 1.3% (up from 0.5% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 24%. Earnings per share (EPS) missed analyst estimates by 15%. Over the next year, revenue is expected to shrink by 3.6% compared to a 34% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Price Target Changed • Apr 27
Price target decreased to CN¥12.00 Down from CN¥13.40, the current price target is an average from 2 analysts. New target price is 15% above last closing price of CN¥10.48. Stock is down 26% over the past year. The company is forecast to post earnings per share of CN¥0.56 for next year compared to CN¥0.38 last year. Announcement • Apr 23
Yunnan Copper Co., Ltd. Announces 2021 Final Profit Distribution Plan to Be Implemented (A Shares), Payment Date Is 28 April 2022 Yunnan Copper Co., Ltd. announced that 2021 final profit distribution plan to be implemented (A shares): Cash dividend/10 shares (tax included) of CNY 2.00000000. Record date is 27 April 2022, Ex-date is 28 April 2022. Payment date is 28 April 2022. Announcement • Apr 21
Yunnan Copper Co., Ltd. Approves Cash Dividend for the Year 2021 Yunnan Copper Co., Ltd. approved cash dividend of CNY 2.00000000 per 10 shares (tax included), at its Annual General Meeting of 2021 on 19 April 2022. Announcement • Apr 02
Yunnan Copper Co., Ltd., Annual General Meeting, Apr 19, 2022 Yunnan Copper Co., Ltd., Annual General Meeting, Apr 19, 2022, at 14:00 China Standard Time. Agenda: To consider 2021 annual report; to consider 2021 annual report summary; to consider 2021 annual accounts; to consider 2022 financial budget plan; to consider 2021 profit distribution plan; to consider 2021 work report of the board of directors; to consider 2021 work report of the supervisory committee; to consider 2022 financing plan; to consider Application for comprehensive credit line to financial institutions in 2022. Announcement • Mar 31
Yunnan Copper Co., Ltd. Proposes Cash Dividend for the Year 2021 Yunnan Copper Co., Ltd. proposed cash dividend of CNY 2.00 per 10 shares (tax included) for the year 2021. Reported Earnings • Mar 31
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: EPS: CN¥0.38 (up from CN¥0.22 in FY 2020). Revenue: CN¥127.1b (up 44% from FY 2020). Net income: CN¥649.2m (up 71% from FY 2020). Profit margin: 0.5% (up from 0.4% in FY 2020). Revenue exceeded analyst estimates by 24%. Earnings per share (EPS) missed analyst estimates by 15%. Over the next year, revenue is expected to shrink by 4.1% compared to a 10,797% growth forecast for the mining industry in China. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Price Target Changed • Mar 30
Price target decreased to CN¥12.00 Down from CN¥13.40, the current price target is an average from 3 analysts. New target price is 5.9% above last closing price of CN¥11.33. Stock is down 16% over the past year. The company is forecast to post earnings per share of CN¥0.45 for next year compared to CN¥0.22 last year. Announcement • Nov 28
Yunnan Copper Co., Ltd. announced that it expects to receive CNY 2.7 billion in funding Yunnan Copper Co., Ltd. announced a private placement of shares for gross proceeds of CNY 2.7 billion on November 26, 2021. Reported Earnings • Oct 27
Third quarter 2021 earnings released: EPS CN¥0.16 (vs CN¥0.096 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥33.7b (up 32% from 3Q 2020). Net income: CN¥269.1m (up 65% from 3Q 2020). Profit margin: 0.8% (up from 0.6% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 30
Second quarter 2021 earnings released: EPS CN¥0.064 (vs CN¥0.095 in 2Q 2020) The company reported a mediocre second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥32.3b (up 40% from 2Q 2020). Net income: CN¥109.3m (down 32% from 2Q 2020). Profit margin: 0.3% (down from 0.7% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 25
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥15.83, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 21x in the Metals and Mining industry in China. Total returns to shareholders of 69% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥16.55 per share. Valuation Update With 7 Day Price Move • May 10
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥16.38, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 18x in the Metals and Mining industry in China. Total returns to shareholders of 45% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥16.36 per share. Reported Earnings • Apr 28
First quarter 2021 earnings released: EPS CN¥0.084 (vs CN¥0.072 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: CN¥27.1b (up 57% from 1Q 2020). Net income: CN¥143.1m (up 18% from 1Q 2020). Profit margin: 0.5% (down from 0.7% in 1Q 2020). 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 9% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 30
Full year 2020 earnings released: EPS CN¥0.22 (vs CN¥0.39 in FY 2019) The company reported a mediocre full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: CN¥88.2b (up 39% from FY 2019). Net income: CN¥379.6m (down 43% from FY 2019). Profit margin: 0.4% (down from 1.1% in FY 2019). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Feb 25
Yunnan Copper Co., Ltd. to Report Fiscal Year 2020 Results on Mar 30, 2021 Yunnan Copper Co., Ltd. announced that they will report fiscal year 2020 results on Mar 30, 2021 Valuation Update With 7 Day Price Move • Feb 22
Investor sentiment improved over the past week After last week's 25% share price gain to CN¥17.55, the stock is trading at a trailing P/E ratio of 59.8x, up from the previous P/E ratio of 48x. 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 36%. Is New 90 Day High Low • Feb 22
New 90-day high: CN¥17.55 The company is up 7.0% from its price of CN¥16.35 on 24 November 2020. The Chinese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 11% over the same period. Is New 90 Day High Low • Feb 03
New 90-day low: CN¥12.97 The company is down 5.0% from its price of CN¥13.66 on 05 November 2020. The Chinese market is up 6.0% 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. Is New 90 Day High Low • Nov 16
New 90-day high: CN¥15.94 The company is up 6.0% from its price of CN¥14.97 on 18 August 2020. The Chinese market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥498.8m, up 56% from the prior year. Total revenue was CN¥84.7b over the last 12 months, up 40% from the prior year. Is New 90 Day High Low • Oct 27
New 90-day low: CN¥13.12 The company is down 6.0% from its price of CN¥13.90 on 29 July 2020. The Chinese market is flat over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Metals and Mining industry, which is down 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share. Announcement • Oct 19
Yunnan Copper Co., Ltd. to Report Q3, 2020 Results on Oct 27, 2020 Yunnan Copper Co., Ltd. announced that they will report Q3, 2020 results on Oct 27, 2020 
