Tongguan Gold Group Ltd. (HK:0340)
:0340
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Tongguan Gold Group Ltd.
(0340)
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Rating:74Outperform
Price Target:
HK$3.50
▲(21.11% Upside)
Action:UpgradedDate:01/29/26
The score is driven primarily by strong financial performance (margin expansion and sharply improved operating cash flow) and constructive trend signals (price above major moving averages with positive MACD). Offsetting factors include overbought technical readings (RSI/Stoch) and a relatively high P/E, partially balanced by the very high dividend yield.
Positive Factors
Operating cash flow turned positive
Sustained positive operating cash flow and strong free cash flow growth materially improve the firm's ability to fund capital expenditures, service debt, and return cash to shareholders without external financing. This increases financial flexibility across commodity cycles.
Negative Factors
High exposure to gold price volatility
Revenue and margins are tightly linked to gold price moves, creating persistent earnings and cashflow volatility. This structural commodity exposure complicates long-term planning for capex and dividends and increases the need for prudent hedging and balance sheet buffers.
Read all positive and negative factors
Positive Factors
Negative Factors
Operating cash flow turned positive
Sustained positive operating cash flow and strong free cash flow growth materially improve the firm's ability to fund capital expenditures, service debt, and return cash to shareholders without external financing. This increases financial flexibility across commodity cycles.
Read all positive factors
Tongguan Gold Group Ltd. (0340) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$16.37B
Dividend Yield0.44%
Average Volume (3M)38.08M
Price to Earnings (P/E)14.9
Beta (1Y)0.10
Revenue Growth6.76%
EPS Growth239.14%
CountryHK
Employees435
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)0.09
Shares Outstanding5,313,692,400
10 Day Avg. Volume42,866,596
30 Day Avg. Volume38,081,280
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)0.80
Price to Sales (P/S)1.24
P/FCF Ratio7.37
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$6.22Price Target Upside115.22% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.23
Revenue Forecast (FY)HK$3.16B
Tongguan Gold Group Ltd. Business Overview & Revenue Model
Company Description
Tongguan Gold Group Limited, an investment holding company, primarily engages in the exploration, mining, processing, and sale of gold and related products in the People's Republic of China. The company was formerly known as China Mining Resources...
How the Company Makes Money
Tongguan Gold Group generates revenue primarily through the sale of gold and gold-related products. The company’s revenue model is centered on mining operations, where it extracts gold from its mining sites and processes it to produce refined gold...
Tongguan Gold Group Ltd. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
72
Positive
Cash Flow
81
Very Positive
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.78B | 1.60B | 1.50B | 1.24B | 681.72M | 327.71M |
| Gross Profit | 834.57M | 523.19M | 167.88M | 139.50M | 236.86M | 72.51M |
| EBITDA | 761.99M | 448.95M | 158.48M | 122.41M | 265.95M | 53.88M |
| Net Income | 461.82M | 211.14M | 51.45M | 50.34M | 138.68M | -6.33M |
Balance Sheet | ||||||
| Total Assets | 5.57B | 4.59B | 4.55B | 3.65B | 3.90B | 3.78B |
| Cash, Cash Equivalents and Short-Term Investments | 780.35M | 172.33M | 157.89M | 143.10M | 157.70M | 130.29M |
| Total Debt | 576.65M | 533.58M | 565.36M | 161.54M | 179.77M | 241.10M |
| Total Liabilities | 2.36B | 1.97B | 2.09B | 1.62B | 1.72B | 1.83B |
| Stockholders Equity | 3.05B | 2.48B | 2.32B | 1.89B | 2.02B | 1.82B |
Cash Flow | ||||||
| Free Cash Flow | 495.47M | 270.57M | -141.56M | 31.71M | 115.96M | -4.70M |
| Operating Cash Flow | 782.69M | 508.35M | -35.50M | 133.56M | 217.31M | 122.32M |
| Investing Cash Flow | -371.19M | -252.16M | -1.38M | -100.65M | -101.69M | -126.03M |
| Financing Cash Flow | 162.68M | -240.54M | 62.51M | -42.99M | -91.10M | 42.19M |
Tongguan Gold Group Ltd. Technical Analysis
Positive
2.89
Price Trends
3.36
Negative
3.11
Negative
2.71
Positive
Market Momentum
-0.11
Positive
46.05
Neutral
66.51
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0340, the sentiment is Positive. The current price of 2.89 is below the 20-day moving average (MA) of 3.22, below the 50-day MA of 3.36, and above the 200-day MA of 2.71, indicating a neutral trend. The MACD of -0.11 indicates Positive momentum. The RSI at 46.05 is Neutral, neither overbought nor oversold. The STOCH value of 66.51 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0340.
Tongguan Gold Group Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | HK$16.37B | 14.89 | 23.61% | 0.44% | 6.76% | 239.14% | |
66 Neutral | HK$36.89B | 13.75 | 33.81% | 1.40% | 70.92% | 249.45% | |
64 Neutral | HK$115.06B | 27.53 | 11.01% | 0.16% | 44.37% | 125.87% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
55 Neutral | HK$198.44B | 33.06 | ― | 0.93% | 36.74% | 36.49% | |
54 Neutral | HK$4.40B | 21.71 | 19.93% | ― | 59.18% | 28.00% | |
40 Underperform | HK$834.97M | -31.17 | -1.02% | ― | ― | -25.51% |
* Basic Materials Sector Average
HK:0340
Tongguan Gold Group Ltd.
3.08
2.23
260.23%
HK:1818
Zhaojin Mining Industry Co
32.48
18.84
138.07%
HK:3330
Lingbao Gold Group Company Ltd. Class H
27.28
21.16
345.61%
HK:1787
Shandong Gold Mining Co., Ltd. Class H
33.44
16.55
97.99%
HK:0621
Taung Gold International Limited
0.46
-0.17
-26.98%
HK:8299
Grand T G Gold Holdings Ltd
0.52
0.40
333.33%
Tongguan Gold Group Ltd. Corporate Events
Tongguan Gold Issues 6 Million New Shares on Partial Convertible Bond Conversion
Jan 28, 2026
Tongguan Gold Group Limited has announced that Tongfei Investment Limited has partially converted its existing convertible bond holding, exercising conversion rights over HK$6.6 million of principal at HK$1.10 per share, resulting in the issuance ...
Tongguan Gold Group Completes 100% Acquisition via Share Transaction
Jan 9, 2026
Tongguan Gold Group Limited has completed the acquisition of 100% equity interest in a target company through a share transaction conducted under its general mandate, with consideration settled by issuing new shares. Following the closing on 9 Jan...
Tongguan Gold Details Valuation Basis for China Mining Services Acquisition
Dec 30, 2025
Tongguan Gold Group Ltd. has provided additional details on its planned acquisition of 100% equity interest in a target company via an issue of consideration shares under its general mandate, clarifying that the value of the acquired structure is ...
Tongguan Gold Revamps Nomination Committee to Meet New Governance Code
Dec 19, 2025
Tongguan Gold Group Limited has adjusted the composition of its nomination committee, appointing executive director Ms. Feng Fangqing as a new member effective 19 December 2025. Following the change, the nomination committee will consist of three ...
Tongguan Gold Group Sets Out Board and Committee Line-up
Dec 19, 2025
Tongguan Gold Group Limited has announced the current composition of its board of directors, which comprises five executive directors, led by chairman Jiang Zhiyong and chief financial officer Yeung Kwok Kuen, and three independent non-executive d...
Tongguan Gold Group Sets Formal Terms for Nomination Committee to Bolster Governance
Dec 19, 2025
Tongguan Gold Group Limited has formalised the terms of reference for its nomination committee, setting out its role in identifying and recommending suitable board candidates, overseeing board performance evaluations, and developing board nominati...
Tongguan Gold to Acquire Mine Engineering Partner via Share Deal for Full Control
Dec 19, 2025
Tongguan Gold Group Ltd. has agreed to acquire 100% of a mine engineering and construction company that currently serves as one of its key service providers, in a share transaction that will be settled by issuing 110 million new shares under its e...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.