Buy Or Sell Opportunity • Jun 26
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 52% to €1.30. The fair value is estimated to be €1.66, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 60%. Valuation Update With 7 Day Price Move • Jun 25
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €1.34, the stock trades at a trailing P/E ratio of 10x. Average forward P/E is 10x in the Metals and Mining industry in Europe. Total returns to shareholders of 910% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €1.71 per share. Buy Or Sell Opportunity • Jun 10
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 57% to €1.34. The fair value is estimated to be €1.68, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 60%. Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €1.52, the stock trades at a trailing P/E ratio of 11.6x. Average forward P/E is 12x in the Metals and Mining industry in Europe. Total returns to shareholders of 927% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €1.69 per share. New Risk • May 28
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 1.5% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. 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 Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (15% average weekly change). High level of non-cash earnings (29% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Valuation Update With 7 Day Price Move • May 20
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to €1.86, the stock trades at a trailing P/E ratio of 14x. Average forward P/E is 11x in the Metals and Mining industry in Europe. Total returns to shareholders of 1,092% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €1.76 per share. Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Non-Executive Director Hui Huang was the last independent director to join the board, commencing their role in 2026. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Apr 23
Lingbao Gold Group Company Ltd. has completed a Follow-on Equity Offering in the amount of HKD 779.98656 million. Lingbao Gold Group Company Ltd. has completed a Follow-on Equity Offering in the amount of HKD 779.98656 million.
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 29,816,000
Price\Range: HKD 26.16
Discount Per Security: HKD 0.31
Transaction Features: Subsequent Direct Listing Duyuru • Apr 16
Lingbao Gold Group Company Ltd. has filed a Follow-on Equity Offering in the amount of HKD 779.98656 million. Lingbao Gold Group Company Ltd. has filed a Follow-on Equity Offering in the amount of HKD 779.98656 million.
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 29,816,000
Price\Range: HKD 26.16
Discount Per Security: HKD 0.31
Transaction Features: Subsequent Direct Listing Duyuru • Mar 27
Lingbao Gold Group Company Ltd., Annual General Meeting, May 19, 2026 Lingbao Gold Group Company Ltd., Annual General Meeting, May 19, 2026. Duyuru • Mar 16
Lingbao Gold Group Company Ltd. to Report Fiscal Year 2025 Results on Mar 26, 2026 Lingbao Gold Group Company Ltd. announced that they will report fiscal year 2025 results on Mar 26, 2026 Duyuru • Jan 23
Lingbao Gold Group Company Ltd. Appoints Huang Hui as Independent Non-Executive Director and Chairman of the Remuneration Committee, A Member of Audit Committee and Nomination Committee, Effective January 22, 2026 Lingbao Gold Group Company Ltd. announced that Mr. Huang Hui has been appointed as an independent non-executive Director and the chairman of the Remuneration Committee, and a member of each of the Audit Committee and Nomination Committee of the Company with effect from January 22, 2026. Mr. Huang, born in September 1976, was an associate professor from January 2010 to July 2014, and has been a professor in the Faculty of Law of the Chinese University of Hong Kong since August 2014. Mr. Huang specializes in corporate law, securities regulation, financial law, etc. Mr. Huang is an expert advisor of Shanghai Financial Court. He is also an adjunct professor of Law at the University of New South Wales, a Li Ka Shing visiting professor in McGill Law School, a “Jingtian Scholar” honorary professor at East China University of Political Science and Law, and a guest professor at China University of Political Science and Law. He serves as an arbitrator for the Kuala Lumpur Regional Centre for Arbitration, the Shenzhen Court of International Arbitration and the Shanghai International Economic and Trade Arbitration Commission. Mr. Huang has served as an independent non-executive director of Mao Geping Cosmetics Co. Ltd. since April 2024. In addition, he was an independent non-executive director of China Travel International Investment Hong Kong Limited from October 2018 to August 2025. Mr. Huang obtained his bachelor’s degree in engineering in June 1998 and bachelor’s degree in law in July 1999 and his master’s degree in law in December 2001, all from Tsinghua University in the PRC, and a PhD in law from the University of New South Wales, Australia in December 2005. As at the date of this announcement, the Board comprises five executive Directors, namely Mr. Chen Jianzheng, Mr. Wang Pinran, Mr. Xing Jiangze, Mr. He Chengqun and Ms. Zhao Li; two non-executive Directors, namely Mr. Zhang Feihu and Mr. Wang Guanran; and four independent non-executive Directors, namely Mr. Yeung Chi Tat, Mr. Bo Shao Chuan, Mr. Guo Michael Xinsheng and Mr. Huang Hui. Duyuru • Jan 09
Lingbao Gold Group Company Ltd. Provides Consolidated Earnings Guidance for the Year Ended December 31, 2025 Lingbao Gold Group Company Ltd. provided consolidated earnings guidance for the year ended December 31, 2025. For the year, the company expects to record a revenue ranging from approximately RMB 12,934,625,000 to approximately RMB 13,171,957,000 for the year ended 31 December 2025, representing an increase ranging from approximately 9% to 11% as compared with the revenue of approximately RMB 11,866,628,000 for the year ended 31 December 2024; and record a net profit ranging from approximately RMB 1,503,134,000 to approximately RMB 1,573,047,000 for the year ended 31 December 2025, representing an increase ranging from approximately 115% to 125% as compared with the net profit of approximately RMB 699,132,000 for the year ended 31 December 2024. Based on the information currently available, such increase in revenue and net profit was mainly attributable to a sustained year-on-year growth in gold output as the Group continuously optimised production organisation, strengthened production scheduling and maintained a stable production pace throughout the year, and continuous improvements in operational efficiency as the Group continued to rigorously implement cost-reduction and efficiency-enhancement measures. Combined with the favorable factors of rising gold market prices, the overall efficiency of the Group was significantly improved. Duyuru • Dec 20
Lingbao Gold Group Company Ltd. Announces Resignation of Tan Chong Huat as Independent Non-Executive Director and Chairman of Remuneration and Review Committee and A Member of Each of the Audit Committee and Nomination Committee, with Effect from 19 December 2025 The board of directors of Lingbao Gold Group Company Ltd. announced Mr. Tan Chong Huat ("Mr. Tan") has tendered his resignation as an independent non-executive Director of the Company ("INED") with effect from 19 December 2025 due to his desire to devote more time on other personal endeavors. Upon his resignation, Mr. Tan ceased to be a chairman of remuneration and review committee ("Remuneration Committee") and a member of each of the audit committee (the "Audit Committee") and nomination committee (the "Nomination Committee") of the Company. Duyuru • Sep 18
Lingbao Gold Group Company Ltd. Announces Interim Dividend for the Six Months Ended 30 June 2025, Payable on or About 22 October 2025 The Board announced that Lingbao Gold Group Company Ltd. will pay an interim dividend for the six months ended 30 June 2025 of RMB 0.164 (tax inclusive) per share on or about 22 October 2025. Payment will be made to the shareholders whose names appeared on the register of members of the Company at the close of business on 28 September 2025. Dividends payable to holders of H Shares will be paid in Hong Kong dollars. The interim dividend payable in Hong Kong dollars will be converted from RMB at the average middle rate of RMB to Hong Kong dollars as announced by the People's Bank of China for the period from 14 September 2025 to 17 September 2025, and it is RMB 0.912755 to HKD 1.00. Accordingly, the amount of interim dividend payable for each H Share is HKD0.179676 (tax inclusive). Such interim dividend will be paid by Bank of China (Hong Kong) Trustees Ltd, the Company's receiving agent in Hong Kong, and would be mailed by Computershare Hong Kong Investor Services Limited to the holders of H Shares who are entitled to receive the same by ordinary post at their own risk on or about 22 October 2025. Duyuru • Aug 15
Lingbao Gold Group Company Ltd. to Report First Half, 2025 Results on Aug 26, 2025 Lingbao Gold Group Company Ltd. announced that they will report first half, 2025 results on Aug 26, 2025 Duyuru • Mar 29
Lingbao Gold Group Company Ltd., Annual General Meeting, May 27, 2025 Lingbao Gold Group Company Ltd., Annual General Meeting, May 27, 2025. Duyuru • Mar 18
Lingbao Gold Group Company Ltd. has completed a Follow-on Equity Offering in the amount of HKD 234.03 million. Lingbao Gold Group Company Ltd. has completed a Follow-on Equity Offering in the amount of HKD 234.03 million.
Security Name: H shares
Security Type: Common Stock
Securities Offered: 43,500,000
Price\Range: HKD 5.38
Discount Per Security: HKD 0.12
Transaction Features: Subsequent Direct Listing Duyuru • Mar 15
Lingbao Gold Group Company Ltd. to Report Fiscal Year 2024 Results on Mar 28, 2025 Lingbao Gold Group Company Ltd. announced that they will report fiscal year 2024 results at 4:00 PM, China Standard Time on Mar 28, 2025 Duyuru • Mar 12
Lingbao Gold Group Company Ltd. has filed a Follow-on Equity Offering in the amount of HKD 234.03 million. Lingbao Gold Group Company Ltd. has filed a Follow-on Equity Offering in the amount of HKD 234.03 million.
Security Name: H shares
Security Type: Common Stock
Securities Offered: 43,500,000
Price\Range: HKD 5.38
Transaction Features: Subsequent Direct Listing Duyuru • Jan 21
Lingbao Gold Group Company Ltd. Provides Consolidated Earnings Guidance for the Year Ended December 31, 2024 Lingbao Gold Group Company Ltd. provided consolidated earnings guidance for the year ended December 31, 2024. For the year, the company expects to (i) record a revenue ranging from approximately RMB 11,587,049,000 to RMB 11,903,060,000 for the year ended 31 December 2024, representing an increase ranging from approximately 10% to 13% as compared with the revenue of RMB 10,533,681,000 for the year ended 31 December 2023; and (ii) record a net profit ranging from approximately RMB 617,457,000 to RMB 705,665,000 for the year ended 31 December 2024, representing an increase ranging from approximately 110% to 140% as compared with the net profit of RMB294,027,000 for the year ended 31 December 2023. Based on the information currently available, such increase in revenue and net profit was mainly attributable to the Group's multiple measures to overcome the impact of the policies and infrastructure renovation implemented in the first half of the year and its full efforts to catch up with production in the second half of the year, and the optimization and enhancement of processing and mining technologies, the obvious results of changes in refined management and the significant improvement in overall operating efficiency, as well as the increase in the price of gold, which is a major product of the Group. Duyuru • Oct 29
Lingbao Gold Group Company Ltd. Provides Group Earnings Guidance for the Third Quarter Ended 30 September 2024 Lingbao Gold Group Company Ltd. provided group earnings guidance for the third quarter ended 30 September 2024. The Company informed the shareholders of the Company (the Shareholders) and the prospective investors of the Company that, based on the preliminary assessment of the unaudited consolidated management accounts of the Group for the three months ended 30 September 2024 (the 2024 Third Quarter) and the information currently available, the Group expects to record a net profit of not less than RMB 150.0 million for the 2024 Third Quarter, primarily attributable to full resumption of normal production of mining segment in the 2024 Third Quarter and gradual improvement of overall operating efficiency. Reported Earnings • Sep 01
First half 2024 earnings released: EPS: CN¥0.13 (vs CN¥0.16 in 1H 2023) First half 2024 results: EPS: CN¥0.13. Revenue: CN¥4.28b (down 27% from 1H 2023). Net income: CN¥152.5m (up 8.7% from 1H 2023). Profit margin: 3.6% (up from 2.4% in 1H 2023). The increase in margin was driven by lower expenses. Duyuru • Aug 16
Lingbao Gold Group Company Ltd. to Report First Half, 2024 Results on Aug 28, 2024 Lingbao Gold Group Company Ltd. announced that they will report first half, 2024 results on Aug 28, 2024 Duyuru • May 31
Lingbao Gold Group Company Ltd. Announces Final Dividend for the Year Ended 31 December 2023, Payable on 31 July 2024 Lingbao Gold Group Company Ltd. announced final dividend of RMB 0.065 per share for the year ended 31 December 2023. Date of shareholders' approval is 29 May 2024; Ex-dividend date is 31 May 2024; Record date is 07 June 2024; Payment date is 31 July 2024. Upcoming Dividend • May 24
Upcoming dividend of CN¥0.065 per share Eligible shareholders must have bought the stock before 31 May 2024. Payment date: 31 July 2024. Trailing yield: 2.2%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (3.7%). New Risk • Apr 29
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 16% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (16% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (15% average weekly change). Minor Risks Dividend is not well covered by cash flows (366% cash payout ratio). Shareholders have been diluted in the past year (44% increase in shares outstanding). Duyuru • Apr 26
Lingbao Gold Group Company Ltd. has completed a Follow-on Equity Offering in the amount of HKD 81.288736 million. Lingbao Gold Group Company Ltd. has completed a Follow-on Equity Offering in the amount of HKD 81.288736 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 26,916,800
Price\Range: HKD 3.02
Transaction Features: Subsequent Direct Listing Duyuru • Apr 19
Lingbao Gold Group Company Ltd. has filed a Follow-on Equity Offering in the amount of HKD 81.288736 million. Lingbao Gold Group Company Ltd. has filed a Follow-on Equity Offering in the amount of HKD 81.288736 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 26,916,800
Price\Range: HKD 3.02
Transaction Features: Subsequent Direct Listing Duyuru • Apr 02
Lingbao Gold Group Company Ltd., Annual General Meeting, May 29, 2024 Lingbao Gold Group Company Ltd., Annual General Meeting, May 29, 2024. Reported Earnings • Mar 28
Full year 2023 earnings released: EPS: CN¥0.32 (vs CN¥0.28 in FY 2022) Full year 2023 results: EPS: CN¥0.32 (up from CN¥0.28 in FY 2022). Revenue: CN¥10.5b (up 4.0% from FY 2022). Net income: CN¥318.1m (up 32% from FY 2022). Profit margin: 3.0% (up from 2.4% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Mar 14
Lingbao Gold Group Company Ltd. to Report Fiscal Year 2023 Results on Mar 27, 2024 Lingbao Gold Group Company Ltd. announced that they will report fiscal year 2023 results on Mar 27, 2024 New Risk • Mar 03
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 50% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (16% operating cash flow to total debt). Shareholders have been substantially diluted in the past year (50% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (9.9% average weekly change). Profit margins are more than 30% lower than last year (1.7% net profit margin). Duyuru • Mar 01
Lingbao Gold Group Company Ltd. has completed a Follow-on Equity Offering in the amount of HKD 43.60092 million. Lingbao Gold Group Company Ltd. has completed a Follow-on Equity Offering in the amount of HKD 43.60092 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 32,538,000
Price\Range: HKD 1.34
Transaction Features: Subsequent Direct Listing Duyuru • Feb 23
Lingbao Gold Group Company Ltd. has filed a Follow-on Equity Offering in the amount of HKD 43.60092 million. Lingbao Gold Group Company Ltd. has filed a Follow-on Equity Offering in the amount of HKD 43.60092 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 32,538,000
Price\Range: HKD 1.34
Transaction Features: Subsequent Direct Listing New Risk • Feb 08
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 10% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (16% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risks Profit margins are more than 30% lower than last year (1.7% net profit margin). Shareholders have been diluted in the past year (37% increase in shares outstanding). New Risk • Dec 02
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 German stocks, typically moving 6.7% 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 Debt is not well covered by operating cash flow (16% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Profit margins are more than 30% lower than last year (1.7% net profit margin). Shareholders have been diluted in the past year (37% increase in shares outstanding). Reported Earnings • Sep 03
First half 2023 earnings released: EPS: CN¥0.16 (vs CN¥0.21 in 1H 2022) First half 2023 results: EPS: CN¥0.16 (down from CN¥0.21 in 1H 2022). Revenue: CN¥5.84b (up 50% from 1H 2022). Net income: CN¥140.4m (down 22% from 1H 2022). Profit margin: 2.4% (down from 4.6% in 1H 2022). The decrease in margin was driven by higher expenses. 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 2% per year, which means it is significantly lagging earnings growth. New Risk • Sep 01
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.7% Last year net profit margin: 3.7% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (15% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (6.4% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.7% net profit margin). Shareholders have been diluted in the past year (37% increase in shares outstanding). New Risk • Aug 20
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 37% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (15% operating cash flow to total debt). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Large one-off items impacting financial results. Shareholders have been diluted in the past year (37% increase in shares outstanding). Reported Earnings • Apr 23
Full year 2022 earnings released: EPS: CN¥0.28 (vs CN¥0.15 in FY 2021) Full year 2022 results: EPS: CN¥0.28 (up from CN¥0.15 in FY 2021). Revenue: CN¥10.1b (up 90% from FY 2021). Net income: CN¥240.2m (up 85% from FY 2021). Profit margin: 2.4% (in line with FY 2021). Production and reserves: Gold Production: 957.26 troy koz (565.52 troy koz in FY 2021) Number of mines: 20 (31 in FY 2021) Silver Production: 539.52 troy koz (431.64 troy koz in FY 2021) Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 21
Full year 2022 earnings released: EPS: CN¥0.28 (vs CN¥0.15 in FY 2021) Full year 2022 results: EPS: CN¥0.28 (up from CN¥0.15 in FY 2021). Revenue: CN¥10.1b (up 90% from FY 2021). Net income: CN¥240.2m (up 85% from FY 2021). Profit margin: 2.4% (in line with FY 2021). Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Non-Executive Director Chong Huat Tan was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Oct 14
Lingbao Gold Group Company Ltd. Approves Executive Changes The board of directors of Lingbao Gold Group Company Ltd. received a recommendation on the change of director from D&R Asset Management Group Company Limited, the substantial shareholder of the Company, in relation to the resignation of Mr. Zeng Xiangxin as the chairman and an executive director due to work re-arrangement, who will also cease to be the chairman of the strategic committee, a member of the nomination committee and the remuneration and review committee of the Company, with effect from 13 October 2022. The board announced that Mr. Chen Jianzheng (``Mr. Chen'') has been appointed as the chairman and an executive director of the Company, the chairman of the Strategic Committee, as well as a member of the Nomination Committee and the Remuneration Committee, with effect from 13 October 2022. Mr. Chen Jianzheng (``Mr. Chen''), born in December 1968. He graduated from Hunan Agricultural University (land management) in July 1990 and later obtained the bachelor degree in law from Hunan Administration Institute in December 2003. He has many years of experience related to the management and the operation of the mining industry. He also has worked in the underground mine and smelter for more than one year and is very familiar with the mining, mineral separation and smelting process. Prior to joining the Group, he was a member of the party leadership and deputy chief of Land and Resources Bureau of Yuanling County in Hunan Province. He was in charge of mine management and reserve management and possesses very good management experience in mining industry. Mr. Chen was the chairman of the Board and an executive director of the Company from 23 January 2017 to 28 May 2021. Mr. Chen was the chairman and a member of Supervisory Committee of the Company from 28 May 2021 to 13 October 2022. Reported Earnings • Aug 12
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down CN¥51.6m from profit in 1H 2021). Profit margin: (down from 2.3% in 1H 2021). The decrease in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 132% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Duyuru • Jul 30
Lingbao Gold Group Company Ltd. to Report First Half, 2022 Results on Aug 10, 2022 Lingbao Gold Group Company Ltd. announced that they will report first half, 2022 results on Aug 10, 2022 Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Non-Executive Director Rong Xu was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Apr 15
Lingbao Gold Group Company Ltd., Annual General Meeting, May 20, 2022 Lingbao Gold Group Company Ltd., Annual General Meeting, May 20, 2022, at 09:00 China Standard Time. Location: Hangu Road and Jingshan Road Intersection, Lingbao Henan China Agenda: To consider and approve the report of the board of directors of the Company for the year 2021; to consider and approve report of the supervisory committee of the Company for the year 2021; to consider and approve the audited consolidated financial statements of the Company and its subsidiaries and the auditors' report for the year ended 31 December 2021; to consider and approve the remuneration of the directors and supervisors of the Company for the year 2021; to re-appoint KPMG as the Company's international auditors and KPMG Huazhen LLP as the Company's PRC auditors and to authorise the Board to fix their remuneration; to consider and approve any motion proposed by any shareholders of the Company holding 5% or more of the shares with voting rights at such meeting, if any; to consider and approve the general mandate for the Company to issue debt financing instruments; and to consider any other business matters. Reported Earnings • Mar 16
Full year 2021 earnings: Revenues in line with analyst expectations Full year 2021 results: Revenue: CN¥5.33b (down 4.8% from FY 2020). Net income: CN¥130.0m (up 45% from FY 2020). Profit margin: 2.4% (up from 1.6% in FY 2020). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Duyuru • Mar 06
Lingbao Gold Group Company Ltd. to Report Fiscal Year 2021 Results on Mar 15, 2022 Lingbao Gold Group Company Ltd. announced that they will report fiscal year 2021 results on Mar 15, 2022 Reported Earnings • Sep 26
First half 2021 earnings released: EPS CN¥0.06 (vs CN¥0.033 in 1H 2020) The company reported a decent first half result with improved earnings and profit margins, although revenues were weaker. First half 2021 results: Revenue: CN¥2.21b (down 14% from 1H 2020). Net income: CN¥51.6m (up 83% from 1H 2020). Profit margin: 2.3% (up from 1.1% in 1H 2020). Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 18
First half 2021 earnings released: EPS CN¥0.06 (vs CN¥0.033 in 1H 2020) The company reported a decent first half result with improved earnings and profit margins, although revenues were weaker. First half 2021 results: Revenue: CN¥2.21b (down 14% from 1H 2020). Net income: CN¥51.6m (up 83% from 1H 2020). Profit margin: 2.3% (up from 1.1% in 1H 2020). Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 18
Full year 2020 earnings released: EPS CN¥0.10 (vs CN¥0.27 loss in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: CN¥5.60b (down 4.7% from FY 2019). Net income: CN¥89.7m (up CN¥323.2m from FY 2019). Profit margin: 1.6% (up from net loss in FY 2019). Production and reserves: Gold Production: 537.01 troy koz (599.77 troy koz in FY 2019) Number of mines: 21 (21 in FY 2019) Silver Production: 758.24 troy koz (759.34 troy koz in FY 2019) Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 20
Full year 2020 earnings released The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: CN¥5.60b (down 4.7% from FY 2019). Net income: CN¥89.7m (up CN¥323.2m from FY 2019). Profit margin: 1.6% (up from net loss in FY 2019). The move to profitability was driven by lower expenses. Duyuru • Mar 19
Lingbao Gold Group Company Ltd. Announces Changes in Supervisory Committee Lingbao Gold Group Company Ltd. announced that Mr. Dai Weitao Chairman of the Supervisory Committee, has tendered his resignation as the chairman and a supervisor of the sixth session of the Supervisory Committee with effect from 17 March 2021, due to his intention of serving as a director of the seventh session of the Board (whereas any director shall not hold concurrent office as a supervisor in accordance with relevant laws and regulations and the articles of association of the Company). Executive Departure • Mar 18
Chairman of the Supervisory Committee Weitao Dai has left the company On the 17th of March, Weitao Dai's tenure as Chairman of the Supervisory Committee ended after 1.2 years in the role. We don't have any record of a personal shareholding under Weitao's name. A total of 2 executives have left over the last 12 months. Duyuru • Mar 09
Lingbao Gold Group Company Ltd. to Report Fiscal Year 2020 Results on Mar 18, 2021 Lingbao Gold Group Company Ltd. announced that they will report fiscal year 2020 results on Mar 18, 2021 Reported Earnings • Sep 20
First half earnings released Over the last 12 months the company has reported total losses of CN¥121.8m, with losses narrowing by 89% from the prior year. Total revenue was CN¥5.88b over the last 12 months, up 37% from the prior year. 
