Board Change • May 20
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. 2 experienced directors. No highly experienced directors. Non-Independent Director Yanli Bao is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Tillkännagivande • Apr 29
HBIS Resources Co., Ltd., Annual General Meeting, May 20, 2026 HBIS Resources Co., Ltd., Annual General Meeting, May 20, 2026, at 14:30 China Standard Time. Location: No. 385, Tiyu South Avenue, Shijiazhuang, Hebei China Tillkännagivande • Mar 31
HBIS Resources Co., Ltd. to Report Q1, 2026 Results on Apr 29, 2026 HBIS Resources Co., Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026 Tillkännagivande • Dec 31
HBIS Resources Co., Ltd. to Report Fiscal Year 2025 Results on Apr 29, 2026 HBIS Resources Co., Ltd. announced that they will report fiscal year 2025 results on Apr 29, 2026 Tillkännagivande • Sep 30
HBIS Resources Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025 HBIS Resources Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025 Tillkännagivande • Jul 02
HBIS Resources Co., Ltd. to Report First Half, 2025 Results on Aug 29, 2025 HBIS Resources Co., Ltd. announced that they will report first half, 2025 results on Aug 29, 2025 Tillkännagivande • Apr 25
HBIS Resources Co., Ltd., Annual General Meeting, May 15, 2025 HBIS Resources Co., Ltd., Annual General Meeting, May 15, 2025, at 14:30 China Standard Time. Location: No. 385, Tiyu South Avenue, Shijiazhuang, Hebei China Tillkännagivande • Mar 31
HBIS Resources Co., Ltd. to Report Q1, 2025 Results on Apr 25, 2025 HBIS Resources Co., Ltd. announced that they will report Q1, 2025 results on Apr 25, 2025 Tillkännagivande • Dec 31
HBIS Resources Co., Ltd. to Report Fiscal Year 2024 Results on Apr 25, 2025 HBIS Resources Co., Ltd. announced that they will report fiscal year 2024 results on Apr 25, 2025 Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: CN¥0.15 (vs CN¥0.44 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.15 (down from CN¥0.44 in 3Q 2023). Revenue: CN¥1.40b (down 14% from 3Q 2023). Net income: CN¥100.1m (down 65% from 3Q 2023). Profit margin: 7.2% (down from 18% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Tillkännagivande • Sep 30
HBIS Resources Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024 HBIS Resources Co., Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024 Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥14.50, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 13x in the Metals and Mining industry in China. Total loss to shareholders of 2.7% over the past three years. Tillkännagivande • Sep 21
HBIS Resources Co., Ltd. Announces Board Appointments HBIS Resources Co., Ltd. announced that at the second extraordinary general meeting of 2024 on 19 September 2024, approved the appointment of Wang Yaobin as non-independent director, Wang Jing as non-independent director, Zhao Qingsong as non-independent director, Zou Zhengqin as non-independent director, Xiao Jinquan as independent director, Hou Dongxi as independent director, Wang Tingting as independent director, Li Wenbin as supervisor, Zhang Haitao as supervisor. Reported Earnings • Aug 29
Second quarter 2024 earnings released: EPS: CN¥0.36 (vs CN¥0.30 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.36 (up from CN¥0.30 in 2Q 2023). Revenue: CN¥1.64b (up 35% from 2Q 2023). Net income: CN¥237.4m (up 23% from 2Q 2023). Profit margin: 14% (down from 16% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Tillkännagivande • Jun 29
HBIS Resources Co., Ltd. to Report First Half, 2024 Results on Aug 29, 2024 HBIS Resources Co., Ltd. announced that they will report first half, 2024 results on Aug 29, 2024 Tillkännagivande • May 29
HBIS Resources Co., Ltd. Announces 2023 Final Profit Distribution Plan to Be Implemented (A Shares), Payable on 03 June 2024 HBIS Resources Co., Ltd. announced 2023 final profit distribution plan to be implemented (A shares) of Cash dividend/10 shares (tax included): CNY 6.00000000. Record date is 31 May 2024, Ex-date is 03 June 2024 and payment date is 03 June 2024. Tillkännagivande • Apr 29
HBIS Resources Co., Ltd., Annual General Meeting, May 22, 2024 HBIS Resources Co., Ltd., Annual General Meeting, May 22, 2024, at 14:30 China Standard Time. Location: No. 385, Tiyu South Avenue, Shijiazhuang, Hebei China Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥18.38, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 15x in the Metals and Mining industry in China. Total loss to shareholders of 19% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥7.58 per share. Tillkännagivande • Mar 30
HBIS Resources Co., Ltd. to Report Q1, 2024 Results on Apr 27, 2024 HBIS Resources Co., Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024 Tillkännagivande • Dec 29
HBIS Resources Co., Ltd. to Report Fiscal Year 2023 Results on Apr 27, 2024 HBIS Resources Co., Ltd. announced that they will report fiscal year 2023 results on Apr 27, 2024 New Risk • Oct 27
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 27% 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 Risk High level of non-cash earnings (27% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: CN¥0.44 (vs CN¥0.035 loss in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.44 (up from CN¥0.035 loss in 3Q 2022). Revenue: CN¥1.62b (up 70% from 3Q 2022). Net income: CN¥285.9m (up CN¥309.1m from 3Q 2022). Profit margin: 18% (up from net loss in 3Q 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Tillkännagivande • Sep 30
HBIS Resources Co., Ltd. to Report Q3, 2023 Results on Oct 27, 2023 HBIS Resources Co., Ltd. announced that they will report Q3, 2023 results on Oct 27, 2023 Reported Earnings • Sep 01
Second quarter 2023 earnings released: EPS: CN¥0.30 (vs CN¥0.23 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.30 (up from CN¥0.23 in 2Q 2022). Revenue: CN¥1.22b (flat on 2Q 2022). Net income: CN¥193.2m (up 29% from 2Q 2022). Profit margin: 16% (up from 12% in 2Q 2022). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Tillkännagivande • Jun 21
HBIS Resources Co., Ltd. Announces 2022 Final Profit Distribution Plan to Be Implemented (A Shares), Payable on 28 June 2023 HBIS Resources Co., Ltd. announced 2022 final profit distribution plan to be implemented (A shares) of Cash dividend/10 shares (tax included): CNY 3.00000000. Record date is 27 June 2023, Ex-date is 28 June 2023 and payment date is 28 June 2023. Tillkännagivande • May 20
HBIS Resources Co., Ltd. Approves Cash Dividend for 2022 HBIS Resources Co., Ltd. at the AGM held on May 18, 2023 approved Cash dividend/10 shares (tax included): CNY 3.00000000 for 2022. Reported Earnings • Apr 29
Full year 2022 earnings released: EPS: CN¥1.02 (vs CN¥1.99 in FY 2021) Full year 2022 results: EPS: CN¥1.02 (down from CN¥1.99 in FY 2021). Revenue: CN¥5.05b (down 23% from FY 2021). Net income: CN¥666.3m (down 49% from FY 2021). Profit margin: 13% (down from 20% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 7% per year. Valuation Update With 7 Day Price Move • Apr 24
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥12.45, the stock trades at a trailing P/E ratio of 21.5x. Average trailing P/E is 30x in the Metals and Mining industry in China. Total returns to shareholders of 12% over the past three years. Valuation Update With 7 Day Price Move • Feb 21
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥16.86, the stock trades at a trailing P/E ratio of 29.1x. Average trailing P/E is 33x in the Metals and Mining industry in China. Total returns to shareholders of 35% over the past three years. Buying Opportunity • Dec 14
Now 20% undervalued Over the last 90 days, the stock is up 12%. The fair value is estimated to be CN¥16.80, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 18%. Valuation Update With 7 Day Price Move • Dec 10
Investor sentiment improved over the past week After last week's 22% share price gain to CN¥13.86, the stock trades at a trailing P/E ratio of 23.9x. Average trailing P/E is 32x in the Metals and Mining industry in China. Total loss to shareholders of 2.4% over the past three years. Board Change • Nov 16
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Deputy GM & Director Guangmin Wei was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 29
Third quarter 2022 earnings released: CN¥0.035 loss per share (vs CN¥0.46 profit in 3Q 2021) Third quarter 2022 results: CN¥0.035 loss per share (down from CN¥0.46 profit in 3Q 2021). Revenue: CN¥956.6m (down 39% from 3Q 2021). Net loss: CN¥23.2m (down 108% from profit in 3Q 2021). Revenue is forecast to grow 33% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Metals and Mining industry in China. 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. 4 experienced directors. No highly experienced directors. Chairman of the Board Jian Liu is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥12.95, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 15x in the Metals and Mining industry in China. Total loss to shareholders of 47% over the past year. Valuation Update With 7 Day Price Move • Nov 25
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥15.45, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 18x in the Metals and Mining industry in China. Total loss to shareholders of 26% over the past year. Board Change • Nov 01
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. 4 experienced directors. No highly experienced directors. Independent Director Yongqian Xu is the most experienced director on the board, commencing their role in 2018. 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 26
Third quarter 2021 earnings released: EPS CN¥0.46 (vs CN¥0.52 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥1.57b (down 1.2% from 3Q 2020). Net income: CN¥302.1m (down 10% from 3Q 2020). Profit margin: 19% (down from 21% in 3Q 2020). The decrease in margin was primarily driven by lower revenue. Board Change • Oct 09
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. 4 experienced directors. No highly experienced directors. Independent Director Yongqian Xu is the most experienced director on the board, commencing their role in 2018. 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 • Sep 29
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥16.33, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 18x in the Metals and Mining industry in China. Total returns to shareholders of 36% over the past year. Reported Earnings • Aug 28
Second quarter 2021 earnings released: EPS CN¥0.90 (vs CN¥0.19 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥2.26b (up 101% from 2Q 2020). Net income: CN¥587.5m (up 377% from 2Q 2020). Profit margin: 26% (up from 11% in 2Q 2020). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • May 07
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥26.79, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 17x in the Metals and Mining industry in China. Total returns to shareholders of 130% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥51.17 per share. Reported Earnings • Apr 19
Full year 2020 earnings released: EPS CN¥1.49 (vs CN¥0.81 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥5.94b (up 2.3% from FY 2019). Net income: CN¥970.1m (up 84% from FY 2019). Profit margin: 16% (up from 9.1% in FY 2019). The increase in margin was primarily driven by lower expenses. Is New 90 Day High Low • Feb 23
New 90-day high: CN¥30.52 The company is up 54% from its price of CN¥19.84 on 25 November 2020. The Chinese market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥38.20 per share. Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥29.59, the stock is trading at a trailing P/E ratio of 26.3x, up from the previous P/E ratio of 22.6x. This compares to an average P/E of 34x in the Metals and Mining industry in China. Total returns to shareholders over the past year are 122%. Valuation Update With 7 Day Price Move • Dec 20
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥29.65, the stock is trading at a trailing P/E ratio of 26.4x, up from the previous P/E ratio of 22.6x. This compares to an average P/E of 32x in the Metals and Mining industry in China. Total returns to shareholders over the past year are 108%. Is New 90 Day High Low • Dec 10
New 90-day high: CN¥26.57 The company is up 103% from its price of CN¥13.11 on 11 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 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥39.05 per share. Valuation Update With 7 Day Price Move • Dec 05
Market bids up stock over the past week After last week's 24% share price gain to CN¥25.32, the stock is trading at a trailing P/E ratio of 22.5x, up from the previous P/E ratio of 18.1x. This compares to an average P/E of 34x in the Metals and Mining industry in China. Is New 90 Day High Low • Nov 09
New 90-day high: CN¥15.78 The company is up 8.0% from its price of CN¥14.64 on 11 August 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is down 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥36.19 per share. Valuation Update With 7 Day Price Move • Nov 05
Market bids up stock over the past week After last week's 17% share price gain to CN¥14.71, the stock is trading at a trailing P/E ratio of 13.1x, up from the previous P/E ratio of 11.2x. This compares to an average P/E of 32x in the Metals and Mining industry in China. Reported Earnings • Oct 30
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥733.1m, up 56% from the prior year. Total revenue was CN¥5.91b over the last 12 months, up 6.6% from the prior year. Is New 90 Day High Low • Sep 24
New 90-day low: CN¥12.18 The company is down 4.0% from its price of CN¥12.67 on 24 June 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥1.18 per share.