Board Change • May 20
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. 2 independent directors (4 non-independent directors). Independent Director Jialong Qin is the most experienced director on the board, commencing their role in 2024. Independent Director Ji Fa Li was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Tillkännagivande • Mar 26
Western Mining Co.,Ltd., Annual General Meeting, Apr 15, 2026 Western Mining Co.,Ltd., Annual General Meeting, Apr 15, 2026, at 14:30 China Standard Time. Tillkännagivande • Jun 24
Western Mining Co.,Ltd.(SHSE:601168) dropped from Shanghai Stock Exchange 180 Value Index Western Mining Co.,Ltd removed Tillkännagivande • Apr 14
Western Mining Co.,Ltd., Annual General Meeting, May 07, 2025 Western Mining Co.,Ltd., Annual General Meeting, May 07, 2025, at 14:30 China Standard Time. Reported Earnings • Oct 19
Third quarter 2024 earnings released: EPS: CN¥0.47 (vs CN¥0.29 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.47 (up from CN¥0.29 in 3Q 2023). Revenue: CN¥11.7b (up 23% from 3Q 2023). Net income: CN¥1.11b (up 61% from 3Q 2023). Profit margin: 9.5% (up from 7.2% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.6% 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 3% per year whereas the company’s share price has increased by 5% per year. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥18.97, 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 58% over the past three years. Reported Earnings • Jul 27
Second quarter 2024 earnings released: EPS: CN¥0.37 (vs CN¥0.34 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.37 (up from CN¥0.34 in 2Q 2023). Revenue: CN¥14.0b (up 26% from 2Q 2023). Net income: CN¥883.7m (up 6.9% from 2Q 2023). Profit margin: 6.3% (down from 7.4% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.9% 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 6% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jul 23
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥15.93, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 14x in the Metals and Mining industry in China. Total returns to shareholders of 18% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥14.21 per share. Declared Dividend • May 27
Dividend of CN¥0.50 announced Shareholders will receive a dividend of CN¥0.50. Ex-date: 31st May 2024 Payment date: 31st May 2024 Dividend yield will be 2.6%, which is lower than the industry average of 2.8%. Sustainability & Growth Dividend is well covered by both earnings (42% earnings payout ratio) and cash flows (31% cash payout ratio). The dividend has increased by an average of 26% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 45% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 20
First quarter 2024 earnings released: EPS: CN¥0.31 (vs CN¥0.29 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.31 (up from CN¥0.29 in 1Q 2023). Revenue: CN¥11.0b (down 5.2% from 1Q 2023). Net income: CN¥737.0m (up 8.4% from 1Q 2023). Profit margin: 6.7% (up from 5.9% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 15% per year. Reported Earnings • Mar 16
Full year 2023 earnings released: EPS: CN¥1.17 (vs CN¥1.45 in FY 2022) Full year 2023 results: EPS: CN¥1.17 (down from CN¥1.45 in FY 2022). Revenue: CN¥42.7b (up 7.5% from FY 2022). Net income: CN¥2.79b (down 19% from FY 2022). Profit margin: 6.5% (down from 8.7% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.8% 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 25% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Board Change • Oct 21
High number of new directors Vice Chairman Yongsheng Zhong was the last director to join the board, commencing their role in 2022. New Risk • Oct 21
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. This is currently the only risk that has been identified for the company. Reported Earnings • Jul 29
Second quarter 2023 earnings released: EPS: CN¥0.34 (vs CN¥0.36 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.34 (down from CN¥0.36 in 2Q 2022). Revenue: CN¥11.1b (up 33% from 2Q 2022). Net income: CN¥826.9m (down 4.0% from 2Q 2022). Profit margin: 7.4% (down from 10% in 2Q 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 11% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 22
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥10.91, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 15x in the Metals and Mining industry in China. Total returns to shareholders of 134% over the past three years. Board Change • Nov 16
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 3 experienced directors. No highly experienced directors. Head of Finance, Accounting Officer, VP & Non-Independent Director Yanyong Kang is the most experienced director on the board, commencing their role in 2015. 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 23
Third quarter 2022 earnings released: EPS: CN¥0.32 (vs CN¥0.36 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.32 (down from CN¥0.36 in 3Q 2021). Revenue: CN¥9.93b (flat on 3Q 2021). Net income: CN¥782.3m (down 7.6% from 3Q 2021). Profit margin: 7.9% (down from 8.5% in 3Q 2021). Revenue is forecast to stay flat 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 71% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jul 25
Second quarter 2022 earnings released: EPS: CN¥0.36 (vs CN¥0.39 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.36 (down from CN¥0.39 in 2Q 2021). Revenue: CN¥8.35b (down 22% from 2Q 2021). Net income: CN¥861.0m (down 8.1% from 2Q 2021). Profit margin: 10% (up from 8.7% in 2Q 2021). The increase in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 13%, compared to a 34% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Board Change • May 11
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 3 experienced directors. No highly experienced directors. Head of Finance, Accounting Officer, VP & Non-Independent Director Yanyong Kang is the most experienced director on the board, commencing their role in 2015. 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 27
Full year 2021 earnings released: EPS: CN¥1.23 (vs CN¥0.38 in FY 2020) Full year 2021 results: EPS: CN¥1.23 (up from CN¥0.38 in FY 2020). Revenue: CN¥38.4b (up 34% from FY 2020). Net income: CN¥2.93b (up 223% from FY 2020). Profit margin: 7.6% (up from 3.2% in FY 2020). The increase in margin was driven by higher revenue. Production and reserves: Gold Proved and probable reserves (ore): 7.725 Mt (3.713 Mt in FY 2020) Over the next year, revenue is forecast to grow 6.2%, compared to a 35% growth forecast for the mining industry in China. Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥17.38, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 18x in the Metals and Mining industry in China. Total returns to shareholders of 164% over the past three years. Valuation Update With 7 Day Price Move • Feb 11
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥14.66, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 18x in the Metals and Mining industry in China. Total returns to shareholders of 163% over the past three years. Reported Earnings • Oct 23
Third quarter 2021 earnings released: EPS CN¥0.36 (vs CN¥0.20 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥9.94b (up 29% from 3Q 2020). Net income: CN¥846.5m (up 74% from 3Q 2020). Profit margin: 8.5% (up from 6.3% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 14
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥19.30, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 21x in the Metals and Mining industry in China. Total returns to shareholders of 238% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥32.26 per share. Valuation Update With 7 Day Price Move • Aug 28
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥16.66, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 21x in the Metals and Mining industry in China. Total returns to shareholders of 180% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥31.10 per share. Reported Earnings • Jul 18
Second quarter 2021 earnings released: EPS CN¥0.39 (vs CN¥0.13 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥10.7b (up 45% from 2Q 2020). Net income: CN¥936.5m (up 241% from 2Q 2020). Profit margin: 8.7% (up from 3.7% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 10
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥15.96, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 18x in the Metals and Mining industry in China. Total returns to shareholders of 126% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥26.78 per share. Reported Earnings • May 02
Full year 2020 earnings released: EPS CN¥0.38 (vs CN¥0.42 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥28.6b (down 6.6% from FY 2019). Net income: CN¥907.8m (down 9.9% from FY 2019). Profit margin: 3.2% (down from 3.3% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Mar 10
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥13.79, the stock is trading at a trailing P/E ratio of 31.9x, down from the previous P/E ratio of 37.5x. This compares to an average P/E of 33x in the Metals and Mining industry in China. Total returns to shareholders over the past three years are 90%. Is New 90 Day High Low • Feb 20
New 90-day high: CN¥16.64 The company is up 26% from its price of CN¥13.19 on 20 November 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥105 per share. Valuation Update With 7 Day Price Move • Feb 11
Investor sentiment improved over the past week After last week's 22% share price gain to CN¥15.13, the stock is trading at a trailing P/E ratio of 35x, up from the previous P/E ratio of 28.6x. This compares to an average P/E of 29x in the Metals and Mining industry in China. Total returns to shareholders over the past three years are 122%. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥14.32, the stock is trading at a trailing P/E ratio of 33.1x, up from the previous P/E ratio of 28.5x. This compares to an average P/E of 31x in the Metals and Mining industry in China. Total returns to shareholders over the past three years are 71%. Is New 90 Day High Low • Jan 05
New 90-day high: CN¥14.32 The company is up 68% from its price of CN¥8.54 on 30 September 2020. The Chinese market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥98.22 per share. Valuation Update With 7 Day Price Move • Nov 05
Market bids up stock over the past week After last week's 16% share price gain to CN¥10.76, the stock is trading at a trailing P/E ratio of 24.9x, up from the previous P/E ratio of 21.4x. This compares to an average P/E of 32x in the Metals and Mining industry in China. Total returns to shareholders over the past three years are 37%. Is New 90 Day High Low • Nov 04
New 90-day high: CN¥10.35 The company is up 24% from its price of CN¥8.37 on 06 August 2020. The Chinese market is down 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is down 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥83.85 per share.