Board Change • May 20
High number of new directors There are 7 new directors who have joined the board in the last 3 years. Deputy GM, Chief Compliance Officer, Staff Director & Secretary Xiaolei Guo was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Duyuru • Apr 30
Shenghe Resources Holding Co., Ltd, Annual General Meeting, May 22, 2026 Shenghe Resources Holding Co., Ltd, Annual General Meeting, May 22, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Chengdu, Sichuan China Duyuru • Apr 09
Shenghe Resources Holding Co., Ltd (SHSE:600392) announces an Equity Buyback for CNY 400 million worth of its shares. Shenghe Resources Holding Co., Ltd (SHSE:600392) commences share repurchases program. Under the program, the company will repurchase up to not more than CNY400 million. The shares will be repurchased at a price not more than CNY 30 per share. The repurchased shares will be cancelled to reduce the company’s registered capital or will be used for the implementation of equity incentive plan. The program will be funded from the company's own funds. The program will be valid for a period of 12 months from the date of shareholder's approval. Duyuru • Mar 30
Shenghe Resources Holding Co., Ltd to Report Q1, 2026 Results on Apr 30, 2026 Shenghe Resources Holding Co., Ltd announced that they will report Q1, 2026 results on Apr 30, 2026 Duyuru • Dec 26
Shenghe Resources Holding Co., Ltd to Report Fiscal Year 2025 Results on Apr 30, 2026 Shenghe Resources Holding Co., Ltd announced that they will report fiscal year 2025 results on Apr 30, 2026 Duyuru • Sep 30
Shenghe Resources Holding Co., Ltd to Report Q3, 2025 Results on Oct 31, 2025 Shenghe Resources Holding Co., Ltd announced that they will report Q3, 2025 results on Oct 31, 2025 Duyuru • Jun 30
Shenghe Resources Holding Co., Ltd to Report First Half, 2025 Results on Aug 30, 2025 Shenghe Resources Holding Co., Ltd announced that they will report first half, 2025 results on Aug 30, 2025 Duyuru • Apr 23
Shenghe Resources Holding Co., Ltd, Annual General Meeting, May 13, 2025 Shenghe Resources Holding Co., Ltd, Annual General Meeting, May 13, 2025, at 14:00 China Standard Time. Location: The Company's Meeting Room, Chengdu, Sichuan China Duyuru • Apr 02
Shenghe Resources Holding Co., Ltd (SHSE:600392) completed the acquisition of 86% stake in Jiangyin Jiahua Advanced Material Resouces Co. Ltd from Neo Performance Materials Inc. (TSX:NEO) for $24.6 million. Shenghe Resources Holding Co., Ltd (SHSE:600392) agreed to acquire 86% stake in Jiangyin Jiahua Advanced Material Resouces Co. Ltd from Neo Performance Materials Inc. (TSX:NEO) for $25.6 million on August 20, 2024. A cash consideration of $25.6 million will be paid by Shenghe Resources Holding Co., Ltd. The Transaction is subject to approval by regulatory authorities in China and transaction is expected to close in Q4 2024. The transaction is now expected to close in Q1 2025.
Shenghe Resources Holding Co., Ltd (SHSE:600392) completed the acquisition of 86% stake in Jiangyin Jiahua Advanced Material Resouces Co. Ltd from Neo Performance Materials Inc. (TSX:NEO) for $24.6 million on April 1, 2025. Duyuru • Mar 28
Shenghe Resources Holding Co., Ltd to Report Q1, 2025 Results on Apr 30, 2025 Shenghe Resources Holding Co., Ltd announced that they will report Q1, 2025 results on Apr 30, 2025 Duyuru • Dec 27
Shenghe Resources Holding Co., Ltd to Report Fiscal Year 2024 Results on Apr 29, 2025 Shenghe Resources Holding Co., Ltd announced that they will report fiscal year 2024 results on Apr 29, 2025 Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: CN¥0.092 (vs CN¥0.042 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.092 (up from CN¥0.042 in 3Q 2023). Revenue: CN¥2.80b (down 38% from 3Q 2023). Net income: CN¥161.4m (up 118% from 3Q 2023). Profit margin: 5.8% (up from 1.6% in 3Q 2023). Revenue is forecast to grow 26% 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 60% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Duyuru • Sep 30
Shenghe Resources Holding Co., Ltd to Report Q3, 2024 Results on Oct 31, 2024 Shenghe Resources Holding Co., Ltd announced that they will report Q3, 2024 results on Oct 31, 2024 New Risk • Sep 03
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 35% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.2% net profit margin). Reported Earnings • Aug 31
Second quarter 2024 earnings released: EPS: CN¥0.084 (vs CN¥0.004 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.084 (up from CN¥0.004 in 2Q 2023). Revenue: CN¥2.55b (down 32% from 2Q 2023). Net income: CN¥147.1m (up CN¥140.5m from 2Q 2023). Profit margin: 5.8% (up from 0.2% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 24% 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 47% per year but the company’s share price has only fallen by 30% per year, which means it has not declined as severely as earnings. Duyuru • Jun 28
Shenghe Resources Holding Co., Ltd to Report First Half, 2024 Results on Aug 31, 2024 Shenghe Resources Holding Co., Ltd announced that they will report first half, 2024 results on Aug 31, 2024 New Risk • Apr 30
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 800% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.2% net profit margin). Duyuru • Apr 29
Shenghe Resources Holding Co., Ltd, Annual General Meeting, May 17, 2024 Shenghe Resources Holding Co., Ltd, Annual General Meeting, May 17, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Chengdu, Sichuan China Reported Earnings • Apr 28
Full year 2023 earnings released: EPS: CN¥0.19 (vs CN¥0.91 in FY 2022) Full year 2023 results: EPS: CN¥0.19 (down from CN¥0.91 in FY 2022). Revenue: CN¥17.9b (up 6.7% from FY 2022). Net income: CN¥332.7m (down 79% from FY 2022). Profit margin: 1.9% (down from 9.5% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings. 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¥10.75, 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 loss to shareholders of 36% over the past three years. Duyuru • Mar 29
Shenghe Resources Holding Co., Ltd to Report Q1, 2024 Results on Apr 30, 2024 Shenghe Resources Holding Co., Ltd announced that they will report Q1, 2024 results on Apr 30, 2024 Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥7.28, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 11x in the Metals and Mining industry in China. Total loss to shareholders of 57% over the past three years. Duyuru • Dec 29
Shenghe Resources Holding Co., Ltd to Report Fiscal Year 2023 Results on Apr 27, 2024 Shenghe Resources Holding Co., Ltd announced that they will report fiscal year 2023 results on Apr 27, 2024 Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: CN¥0.042 (vs CN¥0.079 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.042 (down from CN¥0.079 in 3Q 2022). Revenue: CN¥4.55b (up 11% from 3Q 2022). Net income: CN¥74.2m (down 46% from 3Q 2022). Profit margin: 1.6% (down from 3.4% in 3Q 2022). Revenue is forecast to grow 5.1% 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 18% per year whereas the company’s share price has increased by 15% per year. Reported Earnings • Aug 30
Second quarter 2023 earnings released: EPS: CN¥0.004 (vs CN¥0.36 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.004 (down from CN¥0.36 in 2Q 2022). Revenue: CN¥3.75b (down 15% from 2Q 2022). Net income: CN¥6.60m (down 99% from 2Q 2022). Profit margin: 0.2% (down from 14% in 2Q 2022). Revenue is forecast to grow 11% 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. Duyuru • Jun 28
Shenghe Resources Holding Co., Ltd to Report First Half, 2023 Results on Aug 30, 2023 Shenghe Resources Holding Co., Ltd announced that they will report first half, 2023 results on Aug 30, 2023 Buying Opportunity • Mar 02
Now 24% undervalued Over the last 90 days, the stock is up 4.9%. The fair value is estimated to be CN¥20.01, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Earnings per share has grown by 90%. Revenue is forecast to grow by 48% in 2 years. Earnings is forecast to grow by 20% in the next 2 years. Buying Opportunity • Feb 12
Now 20% undervalued Over the last 90 days, the stock is up 8.9%. The fair value is estimated to be CN¥20.36, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Earnings per share has grown by 90%. Revenue is forecast to grow by 48% in 2 years. Earnings is forecast to grow by 20% in the next 2 years. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. 2 highly experienced directors. 4 independent directors (8 non-independent directors). Independent Director Jingwen Mao was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 30
Third quarter 2022 earnings released: EPS: CN¥0.079 (vs CN¥0.16 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.079 (down from CN¥0.16 in 3Q 2021). Revenue: CN¥4.12b (up 41% from 3Q 2021). Net income: CN¥138.0m (down 52% from 3Q 2021). Profit margin: 3.4% (down from 9.9% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% 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 90% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 27
Second quarter 2022 earnings released: EPS: CN¥0.36 (vs CN¥0.13 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.36 (up from CN¥0.13 in 2Q 2021). Revenue: CN¥4.42b (up 76% from 2Q 2021). Net income: CN¥634.6m (up 173% from 2Q 2021). Profit margin: 14% (up from 9.2% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 38%, compared to a 30% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 27
Full year 2021 earnings released: EPS: CN¥0.61 (vs CN¥0.18 in FY 2020) Full year 2021 results: EPS: CN¥0.61 (up from CN¥0.18 in FY 2020). Revenue: CN¥10.6b (up 30% from FY 2020). Net income: CN¥1.08b (up 233% from FY 2020). Profit margin: 10% (up from 4.0% in FY 2020). The increase in margin was driven by higher revenue. Production and reserves: Titanium Production: 30,135 t Over the next year, revenue is forecast to grow 78%, 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 69% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥17.30, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 16x in the Metals and Mining industry in China. Total returns to shareholders of 48% over the past three years. Valuation Update With 7 Day Price Move • Nov 27
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥23.00, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 20x in the Metals and Mining industry in China. Total returns to shareholders of 145% over the past three years. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥21.85, the stock trades at a forward P/E ratio of 43x. Average forward P/E is 18x in the Metals and Mining industry in China. Total returns to shareholders of 128% over the past three years. Valuation Update With 7 Day Price Move • Sep 07
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥23.36, the stock trades at a forward P/E ratio of 46x. Average forward P/E is 20x in the Metals and Mining industry in China. Total returns to shareholders of 175% over the past three years. Reported Earnings • Aug 22
Second quarter 2021 earnings released: EPS CN¥0.13 (vs CN¥0.018 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥2.51b (up 42% from 2Q 2020). Net income: CN¥232.2m (up CN¥201.1m from 2Q 2020). Profit margin: 9.2% (up from 1.8% 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 19% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥27.13, the stock trades at a forward P/E ratio of 57x. Average forward P/E is 19x in the Metals and Mining industry in China. Total returns to shareholders of 168% over the past three years. Valuation Update With 7 Day Price Move • Jul 09
Investor sentiment improved over the past week After last week's 22% share price gain to CN¥21.09, the stock trades at a forward P/E ratio of 45x. Average forward P/E is 18x in the Metals and Mining industry in China. Total returns to shareholders of 97% over the past three years. Reported Earnings • Apr 25
First quarter 2021 earnings released: EPS CN¥0.18 (vs CN¥0.006 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥2.35b (up 32% from 1Q 2020). Net income: CN¥310.7m (up CN¥299.9m from 1Q 2020). Profit margin: 13% (up from 0.6% in 1Q 2020). The increase in margin was driven by higher revenue. Is New 90 Day High Low • Jan 29
New 90-day high: CN¥16.11 The company is up 145% from its price of CN¥6.58 on 30 October 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 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥1.45 per share. Is New 90 Day High Low • Jan 06
New 90-day high: CN¥9.37 The company is up 32% from its price of CN¥7.08 on 09 October 2020. The Chinese market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥1.42 per share. Is New 90 Day High Low • Dec 05
New 90-day high: CN¥9.36 The company is up 26% from its price of CN¥7.44 on 04 September 2020. The Chinese market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥1.25 per share. Is New 90 Day High Low • Nov 19
New 90-day high: CN¥8.04 The company is up 2.0% from its price of CN¥7.87 on 21 August 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥1.34 per share. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total losses of CN¥8.80m, with earnings decreasing by CN¥213.1m from the prior year. Total revenue was CN¥7.05b over the last 12 months, up 11% from the prior year. Is New 90 Day High Low • Oct 22
New 90-day low: CN¥6.82 The company is down 22% from its price of CN¥8.75 on 24 July 2020. The Chinese market is down 1.0% 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¥2.43 per share. Is New 90 Day High Low • Sep 28
New 90-day low: CN¥6.94 The company is down 2.0% from its price of CN¥7.05 on 30 June 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥2.48 per share.