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China Daye Non-Ferrous Metals Mining Limited (HK:0661)
:0661
Hong Kong Market

China Daye Non-Ferrous Metals Mining Limited (0661) AI Stock Analysis

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HK:0661

China Daye Non-Ferrous Metals Mining Limited

(0661)

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Neutral 54 (OpenAI - 5.2)
Rating:54Neutral
Price Target:
HK$0.19
▲(70.00% Upside)
Action:ReiteratedDate:02/04/26
The score is held back primarily by weak financial quality—thin and deteriorating margins, high leverage, and negative operating/free cash flow—despite strong top-line growth. Technicals are supportive with the price trading above major moving averages and a positive MACD, but valuation is pressured by a negative P/E and lack of dividend data.
Positive Factors
Revenue Growth
Sustained 29.15% top-line growth in 2024 demonstrates the company can expand production or sales volume. Over a multi-month horizon this revenue momentum supports higher asset utilization, better fixed-cost absorption and creates a base to convert scale into durable profitability if costs are controlled.
Vertical Integration
Owning both mining and smelting operations provides structural control across the copper value chain. This vertical integration reduces input supply risk, enables capture of value-added margins, and gives operational flexibility that can sustain margins and customer relationships over 2–6 months and beyond.
Operational Scale
A workforce of over 5,200 implies significant operational scale and an established asset base. Scale helps spread fixed mining and smelting costs, supports larger contract volumes, and provides capacity to ramp production during industry upcycles, improving structural resilience over months.
Negative Factors
High Leverage
Very high leverage and a low equity ratio materially limit financial flexibility. Over 2–6 months this raises refinancing and covenant risk, increases interest burdens, constrains capital allocation, and leaves the company exposed to commodity or operational shocks without recourse to ample internal buffers.
Negative Cash Flow
Persistent negative operating and free cash flows indicate the core business is not funding operations or investment. This undermines liquidity, forces reliance on external funding, limits ability to service high debt and invest in efficiency improvements, increasing structural financial risk over months.
Very Thin Profitability
Extremely low gross and net margins and a declining EBIT margin point to structural cost or pricing pressure. Thin profitability reduces internal cash generation and leaves little cushion against cost inflation, making sustained margin recovery necessary for long-term solvency and debt reduction.

China Daye Non-Ferrous Metals Mining Limited (0661) vs. iShares MSCI Hong Kong ETF (EWH)

China Daye Non-Ferrous Metals Mining Limited Business Overview & Revenue Model

Company DescriptionChina Daye Non-Ferrous Metals Mining Limited, an investment holding company, engages in the exploration, development, mining, and processing of mineral ores in China, Hong Kong, and the Republic of Mongolia. It explores for copper, gold, silver, iron, and molybdenum deposits. The company holds interests in the Tonglvshan and Tongshankou mines located in Daye City; Fengshan and Chimashan mines located in Yangxin County; and Sareke copper mine located in Wuqia County. It is also involved in the trading of metals, minerals, concentrates, and building materials; provision of research and development services; and smelting and processing of non-ferrous metals, and gold and silver products. The company is headquartered in Kowloon, Hong Kong. China Daye Non-Ferrous Metals Mining Limited is a subsidiary of China Times Development Limited.
How the Company Makes MoneyChina Daye Non-Ferrous Metals Mining Limited generates revenue primarily through the extraction and sale of non-ferrous metals, particularly copper and lead. The company earns income from the sale of raw ores and refined metals to various industrial clients and markets, which are often influenced by global commodity prices. Additionally, the company may engage in joint ventures or partnerships with other mining operations or industrial firms, enhancing its market reach and operational efficiency. Factors contributing to its earnings include the demand for non-ferrous metals, fluctuations in metal prices, and the efficiency of its mining operations.

China Daye Non-Ferrous Metals Mining Limited Financial Statement Overview

Summary
Income statement shows strong 2024 revenue growth (+29.15%) but very weak profitability (gross margin 2.80%, net margin 0.07%) and declining EBIT margin (2.19% to 0.94%). Balance sheet leverage is high (debt-to-equity 5.31) with low equity ratio (11.92%) and low ROE (1.30%). Cash flow is a major weakness with negative operating and free cash flows, raising liquidity and sustainability concerns.
Income Statement
65
Positive
The company has shown a commendable revenue growth rate of 29.15% in 2024 compared to the previous year, indicating strong sales performance. However, the gross profit margin is relatively low at 2.80%, and net profit margin is minimal at 0.07%, reflecting that the company's profitability on sales is constrained. Additionally, a declining EBIT margin from 2.19% in 2023 to 0.94% in 2024 suggests reduced operational efficiency. Overall, while revenue growth is a positive indicator, profit margins remain a concern.
Balance Sheet
55
Neutral
The debt-to-equity ratio is high at 5.31 in 2024, indicating significant leverage and potential financial risk. The return on equity (ROE) is low at 1.30%, which is concerning for investors looking for profitability. The equity ratio is also low at 11.92%, indicating limited asset financing through equity, which could be risky in volatile markets. Overall, the balance sheet reflects significant leverage with limited equity, posing financial stability risks.
Cash Flow
40
Negative
The company has struggled with cash flow, as evidenced by negative operating and free cash flows in recent years. This implies challenges in generating cash from its core operations, which is crucial for sustainability and growth. The lack of free cash flow growth and negative operating cash flow to net income ratio indicate potential liquidity issues. Overall, the cash flow situation is precarious, highlighting concerns over cash generation capabilities.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue54.33B57.85B44.78B33.66B35.68B29.39B
Gross Profit1.31B1.62B1.81B1.17B1.27B1.00B
EBITDA1.14B1.40B1.00B539.10M832.56M1.25B
Net Income-47.15M40.20M-56.33M110.91M286.44M306.42M
Balance Sheet
Total Assets28.75B25.87B26.11B23.22B17.14B14.86B
Cash, Cash Equivalents and Short-Term Investments1.88B1.53B991.88M820.04M1.21B874.74M
Total Debt17.35B16.38B15.68B13.08B9.39B8.19B
Total Liabilities24.07B21.19B21.44B18.95B12.98B11.39B
Stockholders Equity3.07B3.08B3.04B3.10B2.99B2.69B
Cash Flow
Free Cash Flow1.01B283.51M-2.31B-3.74B-946.16M1.32B
Operating Cash Flow1.04B820.66M-1.32B-2.29B584.38M2.02B
Investing Cash Flow356.44M-478.43M-844.59M-1.07B-1.43B-827.71M
Financing Cash Flow-577.79M197.92M2.33B3.36B1.28B-2.32B

China Daye Non-Ferrous Metals Mining Limited Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.11
Price Trends
50DMA
0.16
Negative
100DMA
0.13
Positive
200DMA
0.10
Positive
Market Momentum
MACD
>-0.01
Positive
RSI
43.10
Neutral
STOCH
39.91
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0661, the sentiment is Negative. The current price of 0.11 is below the 20-day moving average (MA) of 0.17, below the 50-day MA of 0.16, and above the 200-day MA of 0.10, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 43.10 is Neutral, neither overbought nor oversold. The STOCH value of 39.91 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0661.

China Daye Non-Ferrous Metals Mining Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
78
Outperform
HK$88.21B13.7925.31%0.54%
74
Outperform
$1.06T13.5630.60%1.55%9.69%54.43%
72
Outperform
HK$67.93B12.9327.77%1.32%31.24%58.16%
64
Neutral
$109.81B10.8915.17%0.16%44.37%125.87%
61
Neutral
$10.43B7.12-0.05%2.87%2.86%-36.73%
54
Neutral
HK$2.61B-21.03-1.52%-4.02%-1500.00%
47
Neutral
HK$228.52B17.890.93%36.74%36.49%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:0661
China Daye Non-Ferrous Metals Mining Limited
0.15
0.10
192.00%
HK:1818
Zhaojin Mining Industry Co
31.00
15.90
105.30%
HK:2899
Zijin Mining Group Co
38.26
21.66
130.43%
HK:1787
Shandong Gold Mining Co., Ltd. Class H
38.06
21.37
128.04%
HK:3939
Wanguo International Mining Group Ltd.
15.35
11.76
327.58%
HK:6693
Chifeng Jilong Gold Mining Co., Ltd. Class H
40.30
26.38
189.51%

China Daye Non-Ferrous Metals Mining Limited Corporate Events

China Daye Wins Shareholder Approval for Connected Transaction Frameworks to 2028
Jan 30, 2026

China Daye Non-Ferrous Metals Mining Limited announced that all ordinary resolutions put to shareholders at its special general meeting on 30 January 2026 were approved by poll, with independent shareholders unanimously backing a series of framework agreements governing continuing connected transactions with its parent group, CNMC Group and Yangxin Hongsheng for the three financial years ending 31 December 2028. The approval of these sales, purchase, services and financial services framework agreements, along with their proposed annual caps, formalises the company’s transactional arrangements with key related parties, providing clearer visibility over future supply, services and financial support within the group structure and helping to stabilise its operating framework and governance around connected transactions, although the controlling shareholder abstained from voting in line with listing requirements.

The most recent analyst rating on (HK:0661) stock is a Hold with a HK$0.20 price target. To see the full list of analyst forecasts on China Daye Non-Ferrous Metals Mining Limited stock, see the HK:0661 Stock Forecast page.

China Daye Calls Special Meeting to Approve Major Connected Transactions and Financial Services Caps
Jan 14, 2026

China Daye Non-Ferrous Metals Mining Limited has issued a revised notice convening a special general meeting in Hong Kong on 30 January 2026 to seek shareholder approval for a series of major framework agreements governing sales, purchases, production services and financial services with related parties. The resolutions cover the Yangxin Hongsheng Sales Framework Agreement, the Parent Group Purchase and Production Services Framework Agreement, and the CNMC Group Purchase and Production Services Framework Agreement, each with substantial proposed annual caps running through 2028, as well as an amended and restated CNMC Financial Services Framework Agreement that sets large deposit service caps. Collectively, the proposed arrangements are designed to formalise and regulate significant ongoing connected transactions, underpinning the company’s future revenue streams, supply relationships and liquidity management, and will authorise directors to execute the necessary documents to implement these deals, with implications for corporate governance and transparency for shareholders and other stakeholders.

The most recent analyst rating on (HK:0661) stock is a Hold with a HK$0.15 price target. To see the full list of analyst forecasts on China Daye Non-Ferrous Metals Mining Limited stock, see the HK:0661 Stock Forecast page.

China Daye Reschedules Special Meeting and Strengthens Terms of CNMC Financial Services Pact
Jan 9, 2026

China Daye Non-Ferrous Metals Mining Limited has rescheduled its special general meeting to 30 January 2026 in Hong Kong, keeping the agenda and venue unchanged, while confirming that previously dispatched proxy forms remain valid and setting a new register closure period from 27 to 30 January 2026 to determine shareholders’ eligibility to vote. The company also announced an amended and restated CNMC Financial Services Framework Agreement with CNMC, under which CNMC provides an unconditional and irrevocable guarantee and commits to ensure that deposits placed by China Daye and its subsidiaries with CNMC’s financial company are primarily used to provide loans, guarantees, credit facilities, bill services and other agreed financial services within the group, strengthening safeguards around related-party financial transactions and potentially improving risk management for stakeholders.

The most recent analyst rating on (HK:0661) stock is a Hold with a HK$0.10 price target. To see the full list of analyst forecasts on China Daye Non-Ferrous Metals Mining Limited stock, see the HK:0661 Stock Forecast page.

China Daye Delays Special General Meeting and Cancels Share Register Closure
Dec 22, 2025

China Daye Non-Ferrous Metals Mining Limited has postponed its special general meeting, originally scheduled for 5 January 2026 in Hong Kong, to a later date that will be announced in due course, while keeping the venue unchanged. As a result of this postponement, the previously announced closure period for the register of members from 30 December 2025 to 5 January 2026 has been cancelled, and the company plans to issue further announcements once the new meeting date and revised closure period are confirmed, affecting timetable expectations for shareholders and other stakeholders.

The most recent analyst rating on (HK:0661) stock is a Hold with a HK$0.10 price target. To see the full list of analyst forecasts on China Daye Non-Ferrous Metals Mining Limited stock, see the HK:0661 Stock Forecast page.

China Daye Calls January 2026 SGM to Approve Major Framework and Financial Service Deals
Dec 18, 2025

China Daye Non-Ferrous Metals Mining Limited has called a special general meeting in Hong Kong on 5 January 2026 to seek shareholder approval for a series of major framework agreements and related annual transaction caps with key counterparties, including Yangxin Hongsheng, its parent group and China Nonferrous Metal Mining (CNMC). The resolutions cover long-term sales, purchasing, production services and financial services arrangements, with proposed annual caps running from 2026 to 2028 that collectively amount to tens of billions of renminbi in transaction volume. If approved, these agreements will formalise and expand the company’s related-party sales and procurement channels and secure sizable banking and settlement facilities within the CNMC Group, underscoring the company’s reliance on and integration with its parent and affiliated entities for operational continuity, funding and supply-chain support.

The most recent analyst rating on (HK:0661) stock is a Hold with a HK$0.10 price target. To see the full list of analyst forecasts on China Daye Non-Ferrous Metals Mining Limited stock, see the HK:0661 Stock Forecast page.

China Daye Announces SGM and Register Closure for Key Transaction Approvals
Dec 11, 2025

China Daye Non-Ferrous Metals Mining Limited announced the closure of its register of members from December 30, 2025, to January 5, 2026, to determine shareholder eligibility for participation and voting at the Special General Meeting (SGM) scheduled for January 5, 2026. The SGM will address the approval of Non-Exempt Continuing Connected Transactions and Proposed Annual Caps, which are significant for the company’s operational agreements and financial planning over the next three years.

The most recent analyst rating on (HK:0661) stock is a Hold with a HK$0.10 price target. To see the full list of analyst forecasts on China Daye Non-Ferrous Metals Mining Limited stock, see the HK:0661 Stock Forecast page.

China Daye Revises Annual Cap Amid Rising Metal Prices
Dec 5, 2025

China Daye Non-Ferrous Metals Mining Limited has announced a revision of the annual cap for its Hubei Gold Purchase Framework Agreement due to significant price increases in copper, gold, and silver. The revised cap reflects the company’s anticipation of higher transaction volumes, aiming to enhance revenue and maintain fair and reasonable terms for stakeholders.

The most recent analyst rating on (HK:0661) stock is a Hold with a HK$0.10 price target. To see the full list of analyst forecasts on China Daye Non-Ferrous Metals Mining Limited stock, see the HK:0661 Stock Forecast page.

China Daye Announces Delay in Circular Dispatch for Major Transactions
Nov 26, 2025

China Daye Non-Ferrous Metals Mining Limited has announced a delay in the dispatch of a circular related to major and continuing connected transactions. Originally scheduled for release by November 27, 2025, the circular will now be dispatched by December 18, 2025, due to the need for additional time to finalize certain information. This delay may impact the company’s stakeholders as it pertains to important financial advisories and board recommendations.

China Daye Renews Connected Transactions Amid Regulatory Compliance
Nov 6, 2025

China Daye Non-Ferrous Metals Mining Limited has announced the renewal of its Existing Continuing Connected Transactions and the introduction of New Continuing Connected Transactions with its parent and associated groups. These transactions are subject to various regulatory requirements under the Hong Kong Listing Rules, including reporting, announcement, and shareholder approval processes. The announcement highlights the company’s efforts to regulate its business relationships and ensure compliance with listing regulations, impacting its operational and financial strategies.

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.

Disclaimer

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.Date of analysis: Feb 04, 2026