North Mining Shares Co., Ltd. (0433) AI Stock Analysis

• Market Cap: HK$575.54M
• Dividend Yield: N/A
• Average Volume (3M): 12.69M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.55
• Revenue Growth: -27.61%
• EPS Growth: 84.83%
• Country: HK
• Employees: 678
• Sector: Basic Materials
• Sector Strength: 57
• Industry: Industrial Materials
• EPS (TTM): -0.03
• Shares Outstanding: 12,511,641,000
• 10 Day Avg. Volume: 28,975,442
• 30 Day Avg. Volume: 12,690,488
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 49 Neutral
• Price Target: HK$0.00 ▼(-100.00% Downside)

North Mining Shares Co., Ltd.'s overall stock score reflects significant financial challenges and valuation concerns, despite some positive technical momentum. Persistent operational and financial difficulties, including negative equity and net losses, heavily weigh on the score.

North Mining Shares Co., Ltd. Business Overview & Revenue Model

Company Description

North Mining Shares Co., Ltd. (0433) is a company engaged in the exploration, development, and production of mineral resources. Operating primarily in the mining sector, the company focuses on extracting valuable minerals and metals, which are essential for various industrial applications. Its core products include non-ferrous metals, such as molybdenum, which is widely used in steel production and other industrial processes.

How the Company Makes Money

North Mining Shares Co., Ltd. generates revenue primarily through the sale of mined minerals and metals. The company extracts these resources from its mining operations and sells them to industrial clients and manufacturers who use them in a variety of applications, such as construction, electronics, and transportation. Key revenue streams include the sale of molybdenum and other non-ferrous metals, as well as potential revenue from partnerships or joint ventures with other mining entities. The company's earnings are significantly influenced by global demand and pricing for the metals it produces, as well as its operational efficiency and ability to manage production costs.

North Mining Shares Co., Ltd. Financial Statement Overview

Summary

The company has faced substantial challenges in profitability, with consistently negative net income and EBIT margins over the years. Negative stockholders' equity, persistent net losses, and high leverage indicate significant financial distress and risks to stakeholders.

Income Statement

The company has faced substantial challenges in profitability, with consistently negative net income and EBIT margins over the years. While gross profit margins have improved slightly from 6.4% in 2019 to 11.5% in 2024, the net profit margin remains negative, indicating ongoing operational inefficiencies. The revenue growth rate has been volatile, with a significant drop in 2024 compared to 2023, suggesting instability in revenue generation.

Balance Sheet

The balance sheet shows a concerning financial structure, with negative stockholders' equity since 2020, reflecting potential insolvency risks. The debt-to-equity ratio is not calculable due to negative equity, highlighting excessive leverage. The equity ratio is also negative, indicating that liabilities exceed assets, posing a risk to stakeholders.

Cash Flow

Cash flow statements reveal challenges in generating positive cash flow from operations, with operating cash flow fluctuating significantly over the years. The company has struggled to maintain positive free cash flow, and the operating cash flow to net income ratio is not applicable due to persistent net losses. Free cash flow growth is not calculable due to negative values.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.11B	1.53B	1.30B	1.35B	650.91M
Gross Profit	127.69M	92.41M	80.29M	145.94M	70.19M
EBITDA	-187.20M	-1.56B	-38.09M	-97.17M	-3.12B
Net Income	-68.49M	-1.63B	-162.64M	-361.07M	-2.60B
Balance Sheet
Total Assets	1.54B	1.76B	2.02B	2.12B	2.05B
Cash, Cash Equivalents and Short-Term Investments	15.25M	5.94M	11.34M	20.73M	15.76M
Total Debt	433.65M	704.37M	1.75B	1.80B	1.80B
Total Liabilities	2.11B	2.10B	3.52B	3.39B	2.87B
Stockholders Equity	43.29M	-39.97M	-1.33B	-1.14B	-800.35M
Cash Flow
Free Cash Flow	73.59M	-39.05M	-7.18M	155.87M	-61.96M
Operating Cash Flow	201.08M	-35.64M	81.84M	233.58M	46.77M
Investing Cash Flow	-127.69M	-6.46M	-89.09M	-77.71M	-107.40M
Financing Cash Flow	-63.25M	35.83M	6.76M	-155.04M	62.19M

North Mining Shares Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.05
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0433, the sentiment is Positive. The current price of 0.05 is above the 20-day moving average (MA) of 0.04, above the 50-day MA of 0.04, and above the 200-day MA of 0.03, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 61.62 is Neutral, neither overbought nor oversold. The STOCH value of 65.19 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0433.

North Mining Shares Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	58 Neutral	HK$16.63B	4.29	-4.93%	4.55%	-5.74%	-81.55%
0769	55 Neutral	$1.95B	―	-5.26%	―	10.29%	47.66%
1091	51 Neutral	HK$1.73B	―	-26.13%	―	-22.90%	-1231.02%
0433	49 Neutral	HK$575.54M	―	-9999.00%	―	-27.61%	84.83%
1370	46 Neutral	HK$466.07M	―	-35.00%	―	-5.27%	47.34%
0159	36 Underperform	HK$1.46B	―	-4.73%	―	―	39.02%

North Mining Shares Co., Ltd. Corporate Events

North Mining Shares Co., Ltd. Updates on Share Subscription and Proceeds Allocation

North Mining Shares Co., Ltd. has announced a supplemental update regarding its recent subscription of new shares under a general mandate, aiming to raise approximately HK$74.7 million. The proceeds are intended for settling bank loans and borrowings, as well as for other working capital and general corporate purposes. The company also clarified a previous discrepancy in the discount calculation of the subscription price, urging shareholders to exercise caution.

North Mining Shares Co., Ltd. Announces New Share Subscription Agreements

North Mining Shares Co., Ltd. has entered into agreements to issue 2,490,500,000 new shares to six subscribers, representing approximately 19.91% of its existing issued share capital. The proceeds, estimated at HK$74,700,000 after expenses, will be used to settle bank loans and other borrowings, as well as for general working capital. The issuance is subject to approval from the Stock Exchange, and stakeholders are advised to exercise caution as the completion of these agreements is conditional.

North Mining Shares Co., Ltd. Takes Steps to Address Financial Concerns

North Mining Shares Co., Ltd. has taken significant steps to address a disclaimer of opinion regarding its ability to continue as a going concern, as noted in its 2024 annual report. The company has resumed its mining operations, generating substantial revenue, which is being used to reduce debt and improve financial stability. Additionally, the company is negotiating with potential investors for equity financing and has implemented cost reduction measures to enhance operational efficiency.

North Mining Shares Faces Legal Challenge Over Debt Settlement

North Mining Shares Company Limited, along with its subsidiaries, is involved in a legal dispute concerning a civil judgment issued by the Shanghai Financial Court. The judgment orders Tongxin, a non-wholly owned subsidiary, to settle a debt of RMB294 million plus interest. The company is contesting the judgment and states that the litigation has not adversely affected its operations or financial stability. Stakeholders are advised to exercise caution when dealing with the company’s securities.

North Mining Shares Co., Ltd. Announces Unanimous Approval of AGM Resolutions

North Mining Shares Company Limited held its Annual General Meeting (AGM) on May 23, 2025, where all proposed ordinary resolutions were passed unanimously by shareholders through a poll. The resolutions included re-electing executive directors, authorizing the board to fix directors’ remuneration, re-appointing auditors, and granting mandates to issue and repurchase shares. The successful passage of these resolutions indicates strong shareholder support and positions the company for continued stability and strategic flexibility in its operations.