Board Change • Jul 03
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Da Zhang was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Jul 03
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥64.26, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 16x in the Metals and Mining industry in China. Total returns to shareholders of 35% over the past three years. New Risk • Jul 01
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 9.1% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (9.1% average weekly change). Announcement • Jun 30
Sinomine Resource Group Co., Ltd. to Report First Half, 2026 Results on Aug 25, 2026 Sinomine Resource Group Co., Ltd. announced that they will report first half, 2026 results on Aug 25, 2026 Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥62.50, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 16x in the Metals and Mining industry in China. Total returns to shareholders of 20% over the past three years. Announcement • May 21
Sinomine Resource Group Co., Ltd. announced that it expects to receive CNY 5.2 billion in funding Sinomine Resource Group Co., Ltd. announces a private placement to issue 216,447,563 A shares at a price not less than 80% of the average price in the 20 trading days before the pricing reference date for gross proceeds of CNY 5,200,000,000 on May 19, 2026. The shares cannot be transferred within 6 months from the issuance closing date. It includes participation from not more than 35 investors. This has been approved in the 2nd Meeting of the Company’s 7th Directorate, and is subject to the approvals of the Company’s Shareholders, the Shenzhen Stock Exchange, and the China Securities Regulatory Commission. Valuation Update With 7 Day Price Move • May 15
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥73.07, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 19x in the Metals and Mining industry in China. Total returns to shareholders of 34% over the past three years. Announcement • Apr 10
Sinomine Resource Group Co., Ltd., Annual General Meeting, May 07, 2026 Sinomine Resource Group Co., Ltd., Annual General Meeting, May 07, 2026, at 14:00 China Standard Time. Location: 39F, No. 161, Jinze Road, Fengtai District, Beijing China Reported Earnings • Apr 10
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: CN¥0.63 (down from CN¥1.05 in FY 2024). Revenue: CN¥6.55b (up 22% from FY 2024). Net income: CN¥457.6m (down 40% from FY 2024). Profit margin: 7.0% (down from 14% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.1%. Revenue is forecast to grow 26% 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, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance. Announcement • Mar 31
Sinomine Resource Group Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026 Sinomine Resource Group Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 New Risk • Feb 06
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 97% The company is paying a dividend despite having no free cash flows. Dividend yield: 0.6% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. 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 Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 97% Paying a dividend despite having no free cash flows. Minor Risk Profit margins are more than 30% lower than last year (6.0% net profit margin). Announcement • Dec 31
Sinomine Resource Group Co., Ltd. to Report Fiscal Year 2025 Results on Apr 10, 2026 Sinomine Resource Group Co., Ltd. announced that they will report fiscal year 2025 results on Apr 10, 2026 Reported Earnings • Oct 28
Third quarter 2025 earnings released: EPS: CN¥0.16 (vs CN¥0.10 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.16 (up from CN¥0.10 in 3Q 2024). Revenue: CN¥1.55b (up 35% from 3Q 2024). Net income: CN¥115.1m (up 58% from 3Q 2024). Profit margin: 7.4% (up from 6.3% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 20% 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, the company's share price growth rate has exceeded its earnings growth rate by 59 percentage points per year, which is a significant difference in performance. Announcement • Sep 30
Sinomine Resource Group Co., Ltd. to Report Q3, 2025 Results on Oct 28, 2025 Sinomine Resource Group Co., Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025 New Risk • Sep 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 7.1% 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 97% Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Profit margins are more than 30% lower than last year (6.0% net profit margin). Price Target Changed • Sep 03
Price target increased by 13% to CN¥41.80 Up from CN¥37.14, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of CN¥39.92. Stock is up 37% over the past year. The company is forecast to post earnings per share of CN¥0.69 for next year compared to CN¥1.05 last year. Major Estimate Revision • Aug 28
Consensus revenue estimates increase by 15%, EPS downgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from CN¥5.21b to CN¥5.99b. EPS estimate fell from CN¥1.12 to CN¥0.672. Net income forecast to grow 143% next year vs 42% growth forecast for Metals and Mining industry in China. Consensus price target of CN¥37.14 unchanged from last update. Share price was steady at CN¥40.62 over the past week. Reported Earnings • Aug 22
Second quarter 2025 earnings released: CN¥0.063 loss per share (vs CN¥0.30 profit in 2Q 2024) Second quarter 2025 results: CN¥0.063 loss per share (down from CN¥0.30 profit in 2Q 2024). Revenue: CN¥1.73b (up 34% from 2Q 2024). Net loss: CN¥45.7m (down 121% from profit in 2Q 2024). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Aug 11
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥42.63, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 18x in the Metals and Mining industry in China. Total loss to shareholders of 33% over the past three years. Valuation Update With 7 Day Price Move • Jul 24
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥38.60, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 18x in the Metals and Mining industry in China. Total loss to shareholders of 36% over the past three years. Announcement • Jul 02
Sinomine Resource Group Co., Ltd. to Report First Half, 2025 Results on Aug 28, 2025 Sinomine Resource Group Co., Ltd. announced that they will report first half, 2025 results on Aug 28, 2025 Announcement • May 17
Sinomine Resource Group Co., Ltd. Approves Final Cash Dividend for 2024 Sinomine Resource Group Co., Ltd. held its Annual General Meeting on 15 May 2025, during which shareholders approved a final cash dividend of CNY 5.00000000 per 10 shares (tax included) for the year 2024. Reported Earnings • Apr 25
First quarter 2025 earnings released: EPS: CN¥0.19 (vs CN¥0.35 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.19 (down from CN¥0.35 in 1Q 2024). Revenue: CN¥1.54b (up 36% from 1Q 2024). Net income: CN¥134.8m (down 47% from 1Q 2024). Profit margin: 8.8% (down from 23% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Announcement • Apr 25
Sinomine Resource Group Co., Ltd., Annual General Meeting, May 15, 2025 Sinomine Resource Group Co., Ltd., Annual General Meeting, May 15, 2025, at 14:00 China Standard Time. Location: 39F, No. 161, Jinze Road, Fengtai District, Beijing China Announcement • Mar 31
Sinomine Resource Group Co., Ltd. to Report Q1, 2025 Results on Apr 25, 2025 Sinomine Resource Group Co., Ltd. announced that they will report Q1, 2025 results on Apr 25, 2025 Announcement • Dec 31
Sinomine Resource Group Co., Ltd. to Report Fiscal Year 2024 Results on Apr 25, 2025 Sinomine Resource Group Co., Ltd. announced that they will report fiscal year 2024 results on Apr 25, 2025 Major Estimate Revision • Nov 04
Consensus EPS estimates fall by 20% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥5.24b to CN¥5.05b. EPS estimate also fell from CN¥1.38 per share to CN¥1.10 per share. Net income forecast to grow 60% next year vs 39% growth forecast for Metals and Mining industry in China. Consensus price target up from CN¥32.85 to CN¥36.34. Share price was steady at CN¥34.84 over the past week. Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: CN¥0.10 (vs CN¥0.80 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.10 (down from CN¥0.80 in 3Q 2023). Revenue: CN¥1.15b (down 18% from 3Q 2023). Net income: CN¥72.8m (down 87% from 3Q 2023). Profit margin: 6.3% (down from 40% in 3Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 5% per year. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥32.36, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 14x in the Metals and Mining industry in China. Total returns to shareholders of 11% over the past three years. Announcement • Sep 30
Sinomine Resource Group Co., Ltd. to Report Q3, 2024 Results on Oct 29, 2024 Sinomine Resource Group Co., Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥33.22, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 13x in the Metals and Mining industry in China. Total returns to shareholders of 20% over the past three years. Major Estimate Revision • Aug 21
Consensus revenue estimates fall by 16% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥6.37b to CN¥5.33b. EPS estimate fell from CN¥1.86 to CN¥1.33 per share. Net income forecast to grow 5.2% next year vs 33% growth forecast for Metals and Mining industry in China. Consensus price target down from CN¥40.98 to CN¥36.85. Share price rose 8.9% to CN¥28.65 over the past week. Price Target Changed • Aug 16
Price target decreased by 12% to CN¥36.85 Down from CN¥41.65, the current price target is an average from 3 analysts. New target price is 36% above last closing price of CN¥27.14. Stock is down 33% over the past year. The company is forecast to post earnings per share of CN¥1.41 for next year compared to CN¥3.15 last year. Reported Earnings • Aug 15
Second quarter 2024 earnings released: EPS: CN¥0.30 (vs CN¥0.57 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.30 (down from CN¥0.57 in 2Q 2023). Revenue: CN¥1.30b (down 15% from 2Q 2023). Net income: CN¥216.8m (down 47% from 2Q 2023). Profit margin: 17% (down from 27% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Jun 29
Sinomine Resource Group Co., Ltd. to Report First Half, 2024 Results on Aug 15, 2024 Sinomine Resource Group Co., Ltd. announced that they will report first half, 2024 results on Aug 15, 2024 Declared Dividend • May 25
Dividend of CN¥1.00 announced Shareholders will receive a dividend of CN¥1.00. Ex-date: 30th May 2024 Payment date: 30th May 2024 Dividend yield will be 3.1%, which is higher than the industry average of 2.8%. Sustainability & Growth Dividend is covered by earnings (53% earnings payout ratio) but not covered by cash flows (417% cash payout ratio). The dividend has increased by an average of 39% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 105% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 25
Sinomine Resource Group Co., Ltd. Announces Final Cash Dividend on A Shares for the Year 2023, Payable on 30 May 2024 Sinomine Resource Group Co., Ltd. announced final cash dividend of CNY 10.0000000 per ten A shares (tax included) for the year 2023. Record date: 29 May 2024. Ex-date: 30 May 2024. Payment date: 30 May 2024. Major Estimate Revision • May 02
Consensus revenue estimates fall by 23% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥10.6b to CN¥8.23b. EPS estimate fell from CN¥4.85 to CN¥4.43 per share. Net income forecast to grow 128% next year vs 41% growth forecast for Metals and Mining industry in China. Consensus price target of CN¥41.65 unchanged from last update. Share price rose 7.3% to CN¥35.60 over the past week. Announcement • Apr 28
Sinomine Resource Group Co., Ltd., Annual General Meeting, May 17, 2024 Sinomine Resource Group Co., Ltd., Annual General Meeting, May 17, 2024, at 14:00 China Standard Time. Location: 39F, No. 161, Jinze Road, Fengtai District, Beijing China Agenda: To consider 2023 work report of the board of directors; to consider 2023 work report of the supervisory committee; to consider 2023 annual report and its summary; to consider 2023 annual accounts report; to consider 2023 profit distribution plan; to consider Appointment of 2024 audit firm; to consider 2024 application for comprehensive credit line to banks; to consider 2024 estimated external guarantee quota of the Company and subsidiaries; to consider Launching foreign exchange forward settlement and sale business, and commodity futures and options hedging business; to consider Change of the Company's registered capital and amendments to the Company's articles of association; to consider Amendments to the Company's rules of procedure governing shareholders' general meetings; to consider Amendments to the Company's rules of procedure governing the board meetings; and to consider Amendments to the work system for independent directors. Reported Earnings • Apr 27
First quarter 2024 earnings released: EPS: CN¥0.35 (vs CN¥1.70 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.35 (down from CN¥1.70 in 1Q 2023). Revenue: CN¥1.13b (down 46% from 1Q 2023). Net income: CN¥256.2m (down 77% from 1Q 2023). Profit margin: 23% (down from 53% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 38% p.a. on average during the next 2 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 48% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Announcement • Apr 27
Sinomine Resource Group Co., Ltd. Proposes Final Cash Dividend for 2023 Sinomine Resource Group Co., Ltd. proposed Final Cash dividend/10 shares (tax included): CNY 10.00000000 for 2023. Announcement • Mar 30
Sinomine Resource Group Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024 Sinomine Resource Group Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 Price Target Changed • Mar 19
Price target increased by 10.0% to CN¥44.95 Up from CN¥40.87, the current price target is an average from 3 analysts. New target price is 12% above last closing price of CN¥40.28. Stock is down 23% over the past year. The company is forecast to post earnings per share of CN¥3.94 for next year compared to CN¥5.15 last year. Valuation Update With 7 Day Price Move • Feb 29
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥37.52, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 12x in the Metals and Mining industry in China. Total returns to shareholders of 190% over the past three years. Price Target Changed • Feb 28
Price target decreased by 14% to CN¥40.87 Down from CN¥47.68, the current price target is an average from 3 analysts. New target price is 20% above last closing price of CN¥34.11. Stock is down 37% over the past year. The company is forecast to post earnings per share of CN¥4.00 for next year compared to CN¥5.15 last year. Valuation Update With 7 Day Price Move • Jan 31
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥31.19, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 12x in the Metals and Mining industry in China. Total returns to shareholders of 86% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥13.65 per share. Announcement • Dec 30
Sinomine Resource Group Co., Ltd. to Report Fiscal Year 2023 Results on Apr 26, 2024 Sinomine Resource Group Co., Ltd. announced that they will report fiscal year 2023 results on Apr 26, 2024 Price Target Changed • Dec 15
Price target decreased by 7.1% to CN¥45.93 Down from CN¥49.43, the current price target is an average from 4 analysts. New target price is 28% above last closing price of CN¥35.98. Stock is down 30% over the past year. The company is forecast to post earnings per share of CN¥4.00 for next year compared to CN¥5.15 last year. New Risk • Nov 26
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 6.2% 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 High level of non-cash earnings (20% accrual ratio). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.2% average weekly change). Shareholders have been diluted in the past year (11% increase in shares outstanding). Major Estimate Revision • Nov 06
Consensus EPS estimates fall by 19% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥8.39b to CN¥7.76b. EPS estimate also fell from CN¥5.19 per share to CN¥4.20 per share. Net income forecast to grow 27% next year vs 60% growth forecast for Metals and Mining industry in China. Consensus price target down from CN¥51.46 to CN¥49.43. Share price rose 2.7% to CN¥37.15 over the past week. Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: CN¥0.80 (vs CN¥1.14 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.80 (down from CN¥1.14 in 3Q 2022). Revenue: CN¥1.40b (down 32% from 3Q 2022). Net income: CN¥567.7m (down 22% from 3Q 2022). Profit margin: 40% (up from 35% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 25% 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 85% per year but the company’s share price has only increased by 50% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
Sinomine Resource Group Co., Ltd. to Report Q3, 2023 Results on Oct 31, 2023 Sinomine Resource Group Co., Ltd. announced that they will report Q3, 2023 results on Oct 31, 2023 Announcement • Sep 07
Sinomine Resource Group Co., Ltd. (SZSE:002738) announces an Equity Buyback for CNY 500 million worth of its shares. Sinomine Resource Group Co., Ltd. (SZSE:002738) announces a share repurchase program. Under the program, the company will repurchase up to CNY 500 million worth of its shares. The shares will be repurchased at a price of not more than CNY 60 per share. The shares purchased will be used for the company's equity incentive plan or ESOP. The program will be valid till 12 months from approval of board. Price Target Changed • Sep 04
Price target decreased by 12% to CN¥60.55 Down from CN¥68.76, the current price target is an average from 5 analysts. New target price is 54% above last closing price of CN¥39.39. Stock is down 40% over the past year. The company is forecast to post earnings per share of CN¥5.26 for next year compared to CN¥5.15 last year. Price Target Changed • Aug 22
Price target decreased by 8.4% to CN¥65.09 Down from CN¥71.09, the current price target is an average from 5 analysts. New target price is 67% above last closing price of CN¥39.02. Stock is down 41% over the past year. The company is forecast to post earnings per share of CN¥6.01 for next year compared to CN¥5.15 last year. Reported Earnings • Aug 22
Second quarter 2023 earnings released: EPS: CN¥0.57 (vs CN¥0.86 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.57 (down from CN¥0.86 in 2Q 2022). Revenue: CN¥1.53b (down 2.2% from 2Q 2022). Net income: CN¥406.5m (down 26% from 2Q 2022). Profit margin: 27% (down from 35% in 2Q 2022). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 23% 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 96% per year but the company’s share price has only increased by 68% per year, which means it is significantly lagging earnings growth. Announcement • Jul 01
Sinomine Resource Group Co., Ltd. to Report First Half, 2023 Results on Aug 25, 2023 Sinomine Resource Group Co., Ltd. announced that they will report first half, 2023 results on Aug 25, 2023 Announcement • May 24
Sinomine Resource Group Co., Ltd. Announces Final Dividend for 2022, Payable on 31 May 2023 Sinomine Resource Group Co., Ltd. announced final cash dividend of CNY 10.00000000 per 10 shares (tax included) for 2022. Record date is 30 May 2023. Ex-date is 31 May 2023. Payment date is 31 May 2023. Reported Earnings • Apr 28
First quarter 2023 earnings released: EPS: CN¥2.37 (vs CN¥1.70 in 1Q 2022) First quarter 2023 results: EPS: CN¥2.37 (up from CN¥1.70 in 1Q 2022). Revenue: CN¥2.07b (up 12% from 1Q 2022). Net income: CN¥1.10b (up 41% from 1Q 2022). Profit margin: 53% (up from 42% in 1Q 2022). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 37% 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 95% per year, which means it is significantly lagging earnings growth. Price Target Changed • Jan 09
Price target decreased to CN¥104 Down from CN¥115, the current price target is an average from 2 analysts. New target price is 32% above last closing price of CN¥78.66. Stock is up 81% over the past year. The company is forecast to post earnings per share of CN¥7.29 for next year compared to CN¥1.27 last year. Buying Opportunity • Dec 30
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 28%. The fair value is estimated to be CN¥85.64, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 64% over the last 3 years. Earnings per share has grown by 98%. Revenue is forecast to grow by 124% in 2 years. Earnings is forecast to grow by 208% in the next 2 years. Buying Opportunity • Nov 28
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 26%. The fair value is estimated to be CN¥93.69, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 64% over the last 3 years. Earnings per share has grown by 98%. Revenue is forecast to grow by 124% in 2 years. Earnings is forecast to grow by 208% in the next 2 years. Price Target Changed • Nov 16
Price target increased to CN¥125 Up from CN¥24.89, the current price target is provided by 1 analyst. New target price is 51% above last closing price of CN¥82.72. Stock is up 101% over the past year. The company is forecast to post earnings per share of CN¥7.30 for next year compared to CN¥1.27 last year. Board Change • Nov 16
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 3 experienced directors. 1 highly experienced director. President, CEO & Chairman Pingwei Wang 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. Reported Earnings • Oct 25
Third quarter 2022 earnings released: EPS: CN¥1.59 (vs CN¥0.29 in 3Q 2021) Third quarter 2022 results: EPS: CN¥1.59 (up from CN¥0.29 in 3Q 2021). Revenue: CN¥2.08b (up 299% from 3Q 2021). Net income: CN¥728.6m (up 464% from 3Q 2021). Profit margin: 35% (up from 25% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% 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 98% per year whereas the company’s share price has increased by 103% per year. Valuation Update With 7 Day Price Move • Sep 09
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥106, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 15x in the Metals and Mining industry in China. Total returns to shareholders of 768% over the past three years. Reported Earnings • Aug 24
Second quarter 2022 earnings released: EPS: CN¥1.20 (vs CN¥0.20 in 2Q 2021) Second quarter 2022 results: EPS: CN¥1.20 (up from CN¥0.20 in 2Q 2021). Revenue: CN¥1.56b (up 210% from 2Q 2021). Net income: CN¥547.7m (up 499% from 2Q 2021). Profit margin: 35% (up from 18% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 101%, compared to a 32% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has increased by 99% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥97.60, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 15x in the Metals and Mining industry in China. Total returns to shareholders of 672% over the past three years. Valuation Update With 7 Day Price Move • Jun 07
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥83.59, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 14x in the Metals and Mining industry in China. Total returns to shareholders of 587% over the past three years. Announcement • May 27
Sinomine Resource Group Co., Ltd. Implements 2021 Final Profit Distribution Plan to Be Implemented (A Shares), Payable on June 1, 2022 Sinomine Resource Group Co., Ltd. implemented 2021 final profit distribution plan to be implemented (A shares), payable on June 1, 2022. The company announced Cash dividend/10 shares (tax included) of CNY 1.00000000. Record date: 31 May 2022, Ex-date: 01 June 2022. Announcement • May 24
Sinomine Resource Group Co., Ltd. announced that it expects to receive CNY 3 billion in funding Sinomine Resource Group Co., Ltd. announced a private placement of common shares for proceeds of up to CNY 3,000 million on May 23, 2022. Announcement • May 20
Sinomine Resource Group Co., Ltd. Approves Profit Distribution Plan for 2021 Sinomine Resource Group Co., Ltd. announced that at the Annual General Meeting of 2021 on 18 May 2022, approved cash dividend (tax included) of CNY 1.00000000 per ten shares for 2021. Valuation Update With 7 Day Price Move • May 03
Investor sentiment improved over the past week After last week's 26% share price gain to CN¥83.59, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 12x in the Metals and Mining industry in China. Total returns to shareholders of 408% over the past three years. Announcement • Apr 27
Sinomine Resource Group Co., Ltd. Announces Final Cash Dividend Proposal for 2021 Sinomine Resource Group Co., Ltd. announced on April 26, 2022 the profit distribution proposal for 2021 is cash dividend per 10 shares (tax included) of CNY 1.00000000. Board Change • Apr 27
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 3 experienced directors. 1 highly experienced director. President & Non- Independent Vice Chairman Pingwei Wang 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. Reported Earnings • Apr 16
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: EPS: CN¥1.75 (up from CN¥0.63 in FY 2020). Revenue: CN¥2.39b (up 88% from FY 2020). Net income: CN¥558.9m (up 221% from FY 2020). Profit margin: 23% (up from 14% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 4.0%. Earnings per share (EPS) exceeded analyst estimates by 6.6%. Over the next year, revenue is forecast to grow 362%, compared to a 38% growth forecast for the mining industry in China. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has increased by 62% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Feb 11
Investor sentiment improved over the past week After last week's 23% share price gain to CN¥71.69, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 18x in the Metals and Mining industry in China. Total returns to shareholders of 376% over the past three years. Valuation Update With 7 Day Price Move • Dec 31
Investor sentiment improved over the past week After last week's 22% share price gain to CN¥70.36, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 19x in the Metals and Mining industry in China. Total returns to shareholders of 387% over the past three years. Valuation Update With 7 Day Price Move • Dec 08
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥74.83, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 19x in the Metals and Mining industry in China. Total returns to shareholders of 387% over the past three years. Valuation Update With 7 Day Price Move • Nov 22
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥61.05, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 18x in the Metals and Mining industry in China. Total returns to shareholders of 300% over the past three years.