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

• Market Cap: HK$2.17B
• Dividend Yield: N/A
• Average Volume (3M): 85.01M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.83
• Revenue Growth: -4.02%
• EPS Growth: -1500.00%
• Country: HK
• Employees: 5,283
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Copper
• EPS (TTM): >-0.01
• Shares Outstanding: 17,895,580,000
• 10 Day Avg. Volume: 63,499,019
• 30 Day Avg. Volume: 85,013,793
• PEG Ratio: -0.12
• Price to Book (P/B): 0.26
• Price to Sales (P/S): 0.01
• P/FCF Ratio: 2.85
• 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
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 54 Neutral
• Price Target: HK$0.13 ▲(19.09% Upside)

The score is primarily constrained by weak financial quality—very low margins, high leverage, and negative operating/free cash flows. Technicals provide partial support due to a strong uptrend (price above major moving averages and positive MACD), but overbought readings increase near-term risk. Valuation is also a headwind given the negative P/E and lack of dividend yield data.

Positive Factors

Revenue Growth

A 29.15% annual revenue increase signals expanded sales and stronger market penetration in its core non‑ferrous metals business. Sustained top‑line growth improves scale economics, can fund reinvestment and reserve buffers, and supports medium‑term recovery in margins if cash conversion improves.

Market Position & Portfolio

Being described as a leading miner with a diverse portfolio focused on copper and lead and a reputation for sustainable mining provides structural advantages: operational diversification, upstream asset control, and ESG positioning that can ease permitting, partnerships and reduce execution risk over time.

Product Exposure to Core Metals Demand

Primary revenue exposure to copper and lead and an explicit aim to meet growing demand aligns the company with enduring industrial metal needs. This product mix offers structural revenue support over months, improving medium‑term sales visibility and strategic negotiating leverage with customers.

Negative Factors

Thin Profitability

The reported gross and net margins are extremely slim, limiting the firm’s ability to self‑fund capex or absorb cost or commodity price shocks. Persistently low margins reduce returns on invested capital and make sustainable profitability dependent on structural cost cuts or improved product mix.

High Leverage

A debt‑to‑equity ratio of 5.31 indicates substantial leverage. High financial leverage raises interest and refinancing burdens, reduces strategic flexibility, increases default and liquidity risk in downturns, and limits the company’s capacity to invest or endure prolonged commodity weakness without restructuring.

Weak Cash Generation

Negative operating and free cash flows show the company is not generating sufficient cash from core operations. Persistent cash deficits heighten reliance on external financing, escalate liquidity risk, constrain maintenance and growth spending, and materially raise solvency concerns absent cash flow improvement.

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

Company Description

China 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 Money

China 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

The company exhibits strong revenue growth but struggles with profitability and cash flow management. High leverage and low equity on the balance sheet pose financial stability risks. Negative cash flows and low profit margins are significant concerns.

Income Statement

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

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

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.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	54.33B	57.85B	44.78B	33.66B	35.68B	29.39B
Gross Profit	1.31B	1.62B	1.81B	1.17B	1.27B	1.00B
EBITDA	1.14B	1.40B	1.00B	539.10M	832.56M	1.25B
Net Income	-47.15M	40.20M	-56.33M	110.91M	286.44M	306.42M
Balance Sheet
Total Assets	28.75B	25.87B	26.11B	23.22B	17.14B	14.86B
Cash, Cash Equivalents and Short-Term Investments	1.88B	1.53B	991.88M	820.04M	1.21B	874.74M
Total Debt	17.35B	16.38B	15.68B	13.08B	9.39B	8.19B
Total Liabilities	24.07B	21.19B	21.44B	18.95B	12.98B	11.39B
Stockholders Equity	3.07B	3.08B	3.04B	3.10B	2.99B	2.69B
Cash Flow
Free Cash Flow	1.01B	283.51M	-2.31B	-3.74B	-946.16M	1.32B
Operating Cash Flow	1.04B	820.66M	-1.32B	-2.29B	584.38M	2.02B
Investing Cash Flow	356.44M	-478.43M	-844.59M	-1.07B	-1.43B	-827.71M
Financing Cash Flow	-577.79M	197.92M	2.33B	3.36B	1.28B	-2.32B

China Daye Non-Ferrous Metals Mining Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.11
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0661, the sentiment is Positive. The current price of 0.11 is above the 20-day moving average (MA) of 0.10, above the 50-day MA of 0.10, and above the 200-day MA of 0.07, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 62.34 is Neutral, neither overbought nor oversold. The STOCH value of 80.40 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0661.

China Daye Non-Ferrous Metals Mining Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6693	76 Outperform	HK$57.64B	17.86	27.28%	0.54%	―	―
2899	72 Outperform	HK$1.08T	20.61	29.60%	1.55%	9.69%	54.43%
1818	64 Neutral	$126.04B	48.68	15.17%	0.16%	44.37%	125.87%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
3939	60 Neutral	HK$42.26B	41.76	36.46%	1.32%	31.24%	58.16%
1787	55 Neutral	HK$216.30B	66.02	―	0.93%	36.74%	36.49%
0661	54 Neutral	HK$2.17B	-43.21	-1.52%	―	-4.02%	-1500.00%

China Daye Non-Ferrous Metals Mining Limited Corporate Events

China Daye Reschedules Special Meeting and Strengthens Terms of CNMC Financial Services Pact

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

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

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

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

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

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

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.