Valuation Update With 7 Day Price Move • 23h
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to €1.25, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 11x in the Metals and Mining industry in Europe. Total returns to shareholders of 62% over the past year. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to €1.18, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 12x in the Metals and Mining industry in Europe. Total returns to shareholders of 33% over the past year. Upcoming Dividend • Jun 15
Upcoming dividend of HK$0.11 per share Eligible shareholders must have bought the stock before 22 June 2026. Payment date: 31 July 2026. Payout ratio is a comfortable 47% and the cash payout ratio is 77%. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (4.6%). Higher than average of industry peers (1.4%). Recent Insider Transactions • May 25
Executive Director recently bought €3.5b worth of stock On the 19th of May, Guobiao Wang bought around 179k shares on-market at roughly €19,654 per share. This transaction amounted to 22% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €3.5b more in shares than they have sold in the last 12 months. Recent Insider Transactions • May 21
Executive Director recently bought €614k worth of stock On the 15th of May, Guobiao Wang bought around 500k shares on-market at roughly €1.23 per share. This transaction increased Guobiao's direct individual holding by 2x at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth €2.7m. Insiders have collectively bought €10m more in shares than they have sold in the last 12 months. Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Non-Executive Director Wai Hung Tsang was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Declared Dividend • May 20
Final dividend of HK$0.11 announced Shareholders will receive a dividend of HK$0.11. Ex-date: 22nd June 2026 Payment date: 31st July 2026 Dividend yield will be 9.6%, which is higher than the industry average of 4.8%. Sustainability & Growth Dividend is covered by both earnings (47% earnings payout ratio) and cash flows (77% cash payout ratio). The dividend has increased by an average of 36% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 198% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Duyuru • Mar 19
Wanguo Gold Group Limited, Annual General Meeting, Jun 05, 2026 Wanguo Gold Group Limited, Annual General Meeting, Jun 05, 2026. Duyuru • Mar 07
Wanguo Gold Group Limited to Report Fiscal Year 2025 Results on Mar 18, 2026 Wanguo Gold Group Limited announced that they will report fiscal year 2025 results at 4:00 PM, China Standard Time on Mar 18, 2026 Duyuru • Sep 04
Wanguo Gold Group Limited has completed a Follow-on Equity Offering in the amount of HKD 732.375 million. Wanguo Gold Group Limited has completed a Follow-on Equity Offering in the amount of HKD 732.375 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 22,500,000
Price\Range: HKD 32.55 Duyuru • Aug 21
Wanguo Gold Group Limited has filed a Follow-on Equity Offering in the amount of HKD 732.375 million. Wanguo Gold Group Limited has filed a Follow-on Equity Offering in the amount of HKD 732.375 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 22,500,000
Price\Range: HKD 32.55 Duyuru • Aug 06
Wanguo Gold Group Limited to Report First Half, 2025 Results on Aug 15, 2025 Wanguo Gold Group Limited announced that they will report first half, 2025 results on Aug 15, 2025 Duyuru • Jun 25
Wanguo Gold Group Limited Announces Change of Members of Nomination Committee with Effect from 25 June 2025 The board of directors of Wanguo Gold Group Limited announced that with effect from 25 June 2025: 1. Mr. Wang Xin, an independent non-executive Director, ceased to be a member of the nomination committee of the Board (the "Nomination Committee"); and 2. Ms. Gao Jinzhu, an executive Director, has been appointed as a member of the Nomination Committee. After the above changes, the Nomination Committee comprises one executive Director (namely Ms. Gao Jinzhu) and two independent non-executive Directors (namely Mr. Tsang Wai Hung and Mr. Wong Chi Ming Ming). Mr. Tsang Wai Hung is the chairman of the Nomination Committee. Duyuru • Mar 31
Wanguo Gold Group Limited Announces Board Changes, Effective 31 March 2025 The board of directors of Wanguo Gold Group Limited announced that with effect from 31 March 2025, Mr. Wang Guobiao (‘Mr. GB Wang’) has been appointed as an executive Director. Mr. Wang Guobiao, aged 53, has been acting as the executive deputy general manager of Gold Ridge Mining Limited, since 12 March 2025. He has 28 years of experience in the mining industry. He has since December 2003 held various positions in the domestic and overseas subsidiaries of Zijin Mining Group Co. Ltd., including workshop director, plant director, deputy general manager, executive vice president and general manager etc., and his last position was the deputy director of the technical committee of Zijin Mining. Mr. GB Wang graduated with a bachelor's degree in mineral processing engineering from Wuhan University of Metallurgy and Technology, now known as Wuhan University of Science and Technology, in July 1996. He also obtained a title of professorate senior engineer from Fujian Provincial Human Resources and Social Security Office in February 2024. The Board further announced that, with effect from 31 March 2025, Mr. Wang Renxiang (‘Mr. RX Wang’) has been re-designated from an executive Director to a non-executive Director due to his intention to devote more time to his other businesses. Mr. Wang Renxiang, aged 40, has been acting as the deputy general manager of Wanguo Australia International Group Pty Limited since September 2017 and a director and deputy general manager of GRML since August 2020. He is primarily responsible for the development and recommissioning of the project concerning the Group's gold ridge mine located in the Solomon Islands. Prior to joining the Group, Mr. RX Wang was an analyst at the Treasury of Australian Government from February 2011 to July 2017. Mr. RX Wang has been awarded a Graduate Diploma in International Affairs by the Australian National University in July 2017. He graduated with a Master of Commerce with Honours in Finance from the University of Melbourne in December 2010 and a Bachelor of Finance from the Australian National University in July 2007. Duyuru • Mar 20
Wanguo Gold Group Limited Proposes Final Ordinary Dividend for the Year Ended 31 December 2024, Payable on 31 July 2025 Wanguo Gold Group Limited proposed final ordinary dividend of RMB 0.145 per share for the year ended 31 December 2024. Ex-dividend date: 16 June 2025, Record date: 20 June 2025 and Payment date: 31 July 2025. Date of shareholders' approval: 06 June 2025. Duyuru • Mar 10
Wanguo Gold Group Limited to Report Fiscal Year 2024 Results on Mar 19, 2025 Wanguo Gold Group Limited announced that they will report fiscal year 2024 results on Mar 19, 2025 Duyuru • Nov 21
Wanguo Gold Group Limited Announces Board Changes The board of directors of Wanguo Gold Group Limited hereby announced that with effect from 21 November 2024: Ms. Wang Nan (Ms. Wang) has resigned as an executive Director due to her intention to concentrate on acting corporate legal adviser for Australia and Solomon Islands operations. Mr. Li Feilong (Mr. Li) has resigned as an executive Director due to his intention to concentrate on other business engagements. The Board announced that with effect from 21 November 2024, Ms. Gao Jinzhu (Ms. Gao) has been appointed as an executive Director. Ms. GAO Jinzhu, aged 65, was an executive Director from May 2011 to September 2021. She has been the deputy general manager and director of Jiangxi Province Yifeng Wanguo Mining Company Limited ("Yifeng Wanguo") and a director of Gold Ridge Mining Limited ("GRML") since January 2004 and August 2020. Ms. Gao has approximately 24 years of experience in the mining industry. She is primarily responsible for the human resources management of Group. Ms. Gao completed the Business Administration Advance Research Program of the School of Continuing Education, Tsinghua University in July 2009. Ms. Gao is also a director of Achieve Ample Investments Limited, a substantial shareholder of the Company. New Risk • Oct 15
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 11% 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: Minor Risks Dividend is not well covered by cash flows (93% cash payout ratio). Shareholders have been diluted in the past year (11% increase in shares outstanding). Duyuru • Oct 10
Wanguo International Mining Group Limited (SEHK:3939) completed the acquisition of the additional 20.22% stake in AXF Gold Ridge Pty Ltd. from Gold Crane Group Limited, Wei Jiaming and Wu Zhengxi. Wanguo International Mining Group Limited (SEHK:3939) entered into a sale and purchase agreement to acquire an additional 20.22% stake in AXF Gold Ridge Pty Ltd. from Gold Crane Group Limited, Wei Jiaming and Wu Zhengxi on August 9, 2024. The consideration consists of 90.23 million common equity of Wanguo International Mining Group Limited having a value of HKD 732.6 million to be issued for common equity of AXF Gold Ridge Pty Ltd. As part of consideration, HKD 732.6 million is paid towards common equity of AXF Gold Ridge Pty Ltd. Wanguo International Mining Group Limited acquired 72.154986 million shares (16.17%) from Gold Crane Group Limited and 18.072214 million shares (4.05%) from Wei Jiaming and Wu Zhengxi. For the year ending December 2023, AXF Gold Ridge Pty Ltd. reported Net assets of CNY 499 million and Revenue of CNY 658 million. The deal is subject to subscription of the Consideration Shares by Gold Crane Group Limited, Wei Jiaming and Wu Zhengxi being completed simultaneously. The transaction is subject to approval by regulatory board / committee and approval of offer by acquirer shareholders. CMBC International Capital Limited acted as financial advisor for Wanguo International Mining Group Limited.
Wanguo International Mining Group Limited (SEHK:3939) completed the acquisition of the additional 20.22% stake in AXF Gold Ridge Pty Ltd. from Gold Crane Group Limited, Wei Jiaming and Wu Zhengxi on October 9, 2024. Upcoming Dividend • Sep 05
Upcoming dividend of HK$0.12 per share Eligible shareholders must have bought the stock before 12 September 2024. Payment date: 31 October 2024. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (4.4%). Reported Earnings • Aug 26
First half 2024 earnings released: EPS: CN¥0.31 (vs CN¥0.18 in 1H 2023) First half 2024 results: EPS: CN¥0.31 (up from CN¥0.18 in 1H 2023). Revenue: CN¥927.9m (up 60% from 1H 2023). Net income: CN¥254.3m (up 73% from 1H 2023). Profit margin: 27% (up from 25% in 1H 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 57% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Aug 20
Wanguo International Mining Group Limited Announces Interim Dividend for the Six Months Ended 30 June 2024, Payable on 31 October 2024 Wanguo International Mining Group Limited announced interim dividend of HKD 0.12 per share for the six months ended 30 June 2024. Record date is 19 September 2024. Payment date is 31 October 2024. Ex-dividend date is 12 September 2024. Duyuru • Aug 09
Wanguo International Mining Group Limited to Report First Half, 2024 Results on Aug 20, 2024 Wanguo International Mining Group Limited announced that they will report first half, 2024 results on Aug 20, 2024 Duyuru • Aug 06
Wanguo International Mining Group Limited Appoints Li Feilong as Executive Director The board of directors of Wanguo International Mining Group Limited announced that Mr. Li Feilong (Mr. Li) has been appointed as an executive Director with effect from 6 August 2024. The biographical details of Mr. Li are set out as follows: Mr. Li Feilong aged 50, has been acting as the deputy general manager and deputy, mine manager of Gold Ridge Mining Limited, an indirect non-wholly owned subsidiary of the Company, since 21 June 2024. He was the union chairman of Jiangxi Copper Group (Dexing) Casting Co. Ltd. from February 2023 to June 2023. He was the vice general manager of Jiangxi Copper Group (Dexing) Casting Co. Ltd. from April 2020 to February 2023. He held various positions in Dexing Copper Mine of Jiangxi Copper Company Limited from July 1994 to April 2020, where he last held the position of on-site deputy mining manager. He completed the mining engineering program from Nanchang Non-Ferrous Metals Industrial School from September 1992 to July 1994. He completed his undergraduate degree in mining engineering from Chongqing University College of Online Education from March 2008 to January 2010. Upcoming Dividend • Jun 10
Upcoming dividend of HK$0.20 per share Eligible shareholders must have bought the stock before 17 June 2024. Payment date: 30 August 2024. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (3.8%). Duyuru • Jun 09
Wanguo International Mining Group Limited Declares Final Dividend Wanguo International Mining Group Limited announced that at the AGM was held on 7 June 2024, the company declare a final dividend of 18.50 RMB cents per share. Board Change • May 15
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Wai Hung Tsang was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 
