Declared Dividend • Jun 05
Dividend increased to CN¥0.12 Dividend of CN¥0.12 is 20% higher than last year. Ex-date: 9th June 2026 Payment date: 9th June 2026 Dividend yield will be 0.4%, which is lower than the industry average of 2.8%. Sustainability & Growth Dividend is well covered by both earnings (14% earnings payout ratio) and cash flows (18% cash payout ratio). The dividend has decreased over the past 96 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 149% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • May 21
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 0.4% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining 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: 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 (8.5% average weekly change). Board Change • May 20
High number of new and inexperienced directors There are 10 new directors who have joined the board in the last 3 years. The company's board is composed of: 10 new directors. 1 experienced director. 1 highly experienced director. Employee Supervisor Liang Liang Zhang is the most experienced director on the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Duyuru • Apr 29
Shengda Resources Co.,Ltd., Annual General Meeting, May 22, 2026 Shengda Resources Co.,Ltd., Annual General Meeting, May 22, 2026, at 14:30 China Standard Time. Location: 2F, No. 158, Nanfangzhuang, Fengtai District, Beijing China Duyuru • Mar 31
Shengda Resources Co.,Ltd. to Report Q1, 2026 Results on Apr 29, 2026 Shengda Resources Co.,Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026 Duyuru • Dec 31
Shengda Resources Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 29, 2026 Shengda Resources Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 29, 2026 Duyuru • Sep 30
Shengda Resources Co.,Ltd. to Report Q3, 2025 Results on Oct 28, 2025 Shengda Resources Co.,Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025 Duyuru • Jul 02
Shengda Resources Co.,Ltd. to Report First Half, 2025 Results on Aug 30, 2025 Shengda Resources Co.,Ltd. announced that they will report first half, 2025 results on Aug 30, 2025 Duyuru • Apr 30
Shengda Resources Co.,Ltd., Annual General Meeting, May 20, 2025 Shengda Resources Co.,Ltd., Annual General Meeting, May 20, 2025, at 14:00 China Standard Time. Location: 2F, No. 158, Nanfangzhuang, Fengtai District, Beijing China Duyuru • Mar 31
Shengda Resources Co.,Ltd. to Report Q1, 2025 Results on Apr 30, 2025 Shengda Resources Co.,Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 Duyuru • Dec 31
Shengda Resources Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 01, 2025 Shengda Resources Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 01, 2025 Duyuru • Nov 13
Shengda Resources Co.,Ltd. (SZSE:000603) agreed to acquire remaining 33% stake in Inner Mongolia Jinshan Mining Co., Ltd. from Gansu Shengda Group Co. Ltd for approximately CNY 610 million. Shengda Resources Co.,Ltd. (SZSE:000603) agreed to acquire remaining 33% stake in Inner Mongolia Jinshan Mining Co., Ltd. from Gansu Shengda Group Co. Ltd for approximately CNY 610 million on November 11, 2024. A cash consideration will be paid by Shengda Resources Co.,Ltd. Upon completion, Shengda Resources Co.,Ltd. will own 100% stake in Inner Mongolia Jinshan Mining Co., Ltd.
As of September 30, 2024, Inner Mongolia Jinshan Mining Co., Ltd. reported total assets of CNY 1.36 billion and total common equity of CNY 571.23 million. The transaction is approved by board of directors of Shengda Resources Co.,Ltd. Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: CN¥0.17 (vs CN¥0.11 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.17 (up from CN¥0.11 in 3Q 2023). Revenue: CN¥544.8m (down 21% from 3Q 2023). Net income: CN¥116.7m (up 60% from 3Q 2023). Profit margin: 21% (up from 11% in 3Q 2023). The increase in margin was driven by lower expenses. 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 fallen by 32% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. 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¥13.08, the stock trades at a forward P/E ratio of 20x. 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. Simply Wall St's valuation model estimates the intrinsic value at CN¥12.89 per share. Duyuru • Sep 30
Shengda Resources Co.,Ltd. to Report Q3, 2024 Results on Oct 31, 2024 Shengda Resources Co.,Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024 Reported Earnings • Aug 31
Second quarter 2024 earnings released: EPS: CN¥0.13 (vs CN¥0.065 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.13 (up from CN¥0.065 in 2Q 2023). Revenue: CN¥588.9m (up 9.8% from 2Q 2023). Net income: CN¥91.3m (up 103% from 2Q 2023). Profit margin: 16% (up from 8.4% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% 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 30% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Jul 26
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥10.60, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 13x in the Metals and Mining industry in China. Total loss to shareholders of 20% over the past three years. Board Change • Jul 06
High number of new and inexperienced directors There are 10 new directors who have joined the board in the last 3 years. The company's board is composed of: 10 new directors. 1 experienced director. 1 highly experienced director. Employee Supervisor Liang Liang Zhang is the most experienced director on the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Duyuru • Jun 29
Shengda Resources Co.,Ltd. to Report First Half, 2024 Results on Aug 31, 2024 Shengda Resources Co.,Ltd. announced that they will report first half, 2024 results on Aug 31, 2024 Valuation Update With 7 Day Price Move • Jun 05
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥12.86, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 14x in the Metals and Mining industry in China. Total loss to shareholders of 8.0% over the past three years. Reported Earnings • Apr 30
First quarter 2024 earnings released: CN¥0.013 loss per share (vs CN¥0.024 profit in 1Q 2023) First quarter 2024 results: CN¥0.013 loss per share (down from CN¥0.024 profit in 1Q 2023). Revenue: CN¥263.3m (down 6.3% from 1Q 2023). Net loss: CN¥8.78m (down 154% from profit in 1Q 2023). Revenue is forecast to grow 15% 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 22% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Duyuru • Apr 29
Shengda Resources Co.,Ltd., Annual General Meeting, May 21, 2024 Shengda Resources Co.,Ltd., Annual General Meeting, May 21, 2024, at 14:00 China Standard Time. Location: 2F, No. 158, Nanfangzhuang, Fengtai District, Beijing China Duyuru • Mar 30
Shengda Resources Co.,Ltd. to Report Q1, 2024 Results on Apr 30, 2024 Shengda Resources Co.,Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 Valuation Update With 7 Day Price Move • Mar 29
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥12.90, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 15x in the Metals and Mining industry in China. Total loss to shareholders of 4.2% over the past three years. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥8.10, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 12x in the Metals and Mining industry in China. Total loss to shareholders of 39% over the past three years. Duyuru • Dec 30
Shengda Resources Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 27, 2024 Shengda Resources Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 27, 2024 Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.11 (vs CN¥0.19 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.11 (down from CN¥0.19 in 3Q 2022). Revenue: CN¥686.2m (up 7.7% from 3Q 2022). Net income: CN¥72.8m (down 44% from 3Q 2022). Profit margin: 11% (down from 21% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.7% 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 1% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Oct 23
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥12.18, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 13x in the Metals and Mining industry in China. Total loss to shareholders of 14% over the past three years. Reported Earnings • Aug 30
Second quarter 2023 earnings released: EPS: CN¥0.065 (vs CN¥0.099 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.065 (down from CN¥0.099 in 2Q 2022). Revenue: CN¥536.4m (up 44% from 2Q 2022). Net income: CN¥44.9m (down 34% from 2Q 2022). Profit margin: 8.4% (down from 18% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.2% 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 9% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jul 14
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥13.78, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 15x in the Metals and Mining industry in China. Total returns to shareholders of 3.9% over the past three years. Valuation Update With 7 Day Price Move • May 09
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥15.53, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 15x in the Metals and Mining industry in China. Total returns to shareholders of 33% over the past three years. Duyuru • May 06
Shengda Resources Co.,Ltd., Annual General Meeting, May 22, 2023 Shengda Resources Co.,Ltd., Annual General Meeting, May 22, 2023, at 14:00 China Standard Time. Agenda: To consider 2022 work report of the board of directors; to consider 2022 work report of the supervisory committee; to consider 2022 annual report and its summary; to consider 2022 annual accounts; to consider 2022 profit distribution plan; to consider 2023 estimated guarantee quota of the Company and its subsidiaries; and to consider other matters. Reported Earnings • Apr 29
Full year 2022 earnings released: EPS: CN¥0.53 (vs CN¥0.61 in FY 2021) Full year 2022 results: EPS: CN¥0.53 (down from CN¥0.61 in FY 2021). Revenue: CN¥1.88b (up 15% from FY 2021). Net income: CN¥364.6m (down 14% from FY 2021). Profit margin: 19% (down from 26% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.7% 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 8% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥18.51, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 14x in the Metals and Mining industry in China. Total returns to shareholders of 55% over the past three years. Valuation Update With 7 Day Price Move • Mar 17
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥16.02, the stock trades at a trailing P/E ratio of 27.5x. Average trailing P/E is 31x in the Metals and Mining industry in China. Total returns to shareholders of 38% over the past three years. Board Change • Nov 16
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Vice Chairman Qing Zhao 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 31
Third quarter 2022 earnings released: EPS: CN¥0.17 (vs CN¥0.18 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.17 (down from CN¥0.18 in 3Q 2021). Revenue: CN¥614.0m (up 48% from 3Q 2021). Net income: CN¥116.5m (down 7.3% from 3Q 2021). Profit margin: 19% (down from 30% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 29
Second quarter 2022 earnings released: EPS: CN¥0.099 (vs CN¥0.15 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.099 (down from CN¥0.15 in 2Q 2021). Revenue: CN¥373.9m (flat on 2Q 2021). Net income: CN¥68.5m (down 36% from 2Q 2021). Profit margin: 18% (down from 28% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 27
Full year 2021 earnings released: EPS: CN¥0.61 (vs CN¥0.42 in FY 2020) Full year 2021 results: EPS: CN¥0.61 (up from CN¥0.42 in FY 2020). Revenue: CN¥1.64b (flat on FY 2020). Net income: CN¥421.7m (up 45% from FY 2020). Profit margin: 26% (up from 18% in FY 2020). Over the next year, revenue is forecast to grow 23%, compared to a 35% growth forecast for the mining industry in China. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Board Change • Apr 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. VP, Secretary of the Board & Director Kaiyan Zhang 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. Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥11.99, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 15x in the Metals and Mining industry in China. Total returns to shareholders of 12% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥19.07 per share. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.18 (vs CN¥0.23 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and revenues, although profit margins were improved. Third quarter 2021 results: Revenue: CN¥414.6m (down 26% from 3Q 2020). Net income: CN¥125.7m (down 20% from 3Q 2020). Profit margin: 30% (up from 28% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Reported Earnings • Aug 24
Second quarter 2021 earnings released: EPS CN¥0.15 (vs CN¥0.091 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥376.9m (up 7.4% from 2Q 2020). Net income: CN¥106.2m (up 70% from 2Q 2020). Profit margin: 28% (up from 18% in 2Q 2020). The increase in margin was primarily driven by higher revenue. 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 17% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • May 10
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥15.75, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 18x in the Metals and Mining industry in China. Total returns to shareholders of 40% over the past three years. Reported Earnings • Apr 19
Full year 2020 earnings released: EPS CN¥0.42 (vs CN¥0.65 in FY 2019) The company reported a soft full year result with weaker earnings and revenues, although profit margins were improved. Full year 2020 results: Revenue: CN¥1.64b (down 44% from FY 2019). Net income: CN¥290.6m (down 35% from FY 2019). Profit margin: 18% (up from 16% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment improved over the past week After last week's 24% share price gain to CN¥15.97, the stock is trading at a trailing P/E ratio of 38.7x, up from the previous P/E ratio of 31.2x. 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 28%. Is New 90 Day High Low • Jan 19
New 90-day low: CN¥13.77 The company is down 8.0% from its price of CN¥14.91 on 22 October 2020. The Chinese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 15% over the same period. Is New 90 Day High Low • Dec 21
New 90-day high: CN¥16.82 The company is up 16% from its price of CN¥14.50 on 23 September 2020. The Chinese market is up 2.0% 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. Valuation Update With 7 Day Price Move • Dec 21
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥16.82, the stock is trading at a trailing P/E ratio of 40.8x, up from the previous P/E ratio of 34.9x. 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 47%. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥284.5m, down 34% from the prior year. Total revenue was CN¥2.00b over the last 12 months, down 18% from the prior year. Is New 90 Day High Low • Oct 26
New 90-day low: CN¥14.23 The company is down 25% from its price of CN¥18.95 on 28 July 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed 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¥8.39 per share.