China Kingstone Mining Holdings Ltd (1380) AI Stock Analysis

• Market Cap: HK$410.87M
• Dividend Yield: N/A
• Average Volume (3M): 5.43M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.32
• Revenue Growth: -52.58%
• EPS Growth: 27.72%
• Country: HK
• Employees: 45
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): -0.03
• Shares Outstanding: 501,066,960
• 10 Day Avg. Volume: 13,687,596
• 30 Day Avg. Volume: 5,429,950
• PEG Ratio: -0.07
• Price to Book (P/B): 0.42
• Price to Sales (P/S): 0.66
• P/FCF Ratio: 7.21
• 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: 44 Neutral
• Price Target: HK$0.80 ▲(13.57% Upside)

The score is held down primarily by poor financial performance (persistent losses, negative margins, and negative operating/free cash flow). Technicals are the main offset, with a strong uptrend and positive MACD, but overbought readings (high RSI/Stoch) add near-term risk. Valuation is constrained by negative earnings (negative P/E) and no dividend yield data.

Positive Factors

Manageable leverage

Relatively low debt-to-equity and a stable equity ratio give the company financial flexibility to endure operating losses and fund operations without immediate refinancing. This balance sheet steadiness supports survival and preserves strategic options over the medium term.

Focused vertical business model

The company's integrated mining and processing focus concentrates control across the value chain from extraction to finished marble products for construction and decoration. That vertical scope can help secure raw material supply, maintain quality, and support long-term customer relationships and margin resilience.

Listed on a major exchange

Being HKEX-listed gives access to Hong Kong capital markets and a regional investor base, improving the company's ability to raise equity or debt when needed. Public listing also entails disclosure and governance standards that can enhance transparency and investor confidence over time.

Negative Factors

Persistent unprofitability

Consistent negative gross and net margins and negative EBIT/EBITDA reflect deep operational deficits. Persistent unprofitability erodes equity, restricts reinvestment, and undermines the firm's capacity to generate sustainable returns unless it materially improves cost structure or product pricing.

Weak cash generation

Negative operating and free cash flow indicate the company struggles to convert operations into liquidity, elevating funding and rollover risk. Sustained cash burn limits capacity for maintenance capex, working capital needs, and any strategic investments without external financing.

Sharp revenue decline

A greater-than-50% revenue decline signals loss of scale or market demand, which pressures margins and operational leverage. Shrinking top line reduces economies of scale, makes fixed costs harder to cover, and requires time and capital to rebuild revenue sustainably.

China Kingstone Mining Holdings Ltd Business Overview & Revenue Model

Company Description

China Kingstone Mining Holdings Limited, an investment holding company, engages in the mining, processing, and trading of marble stones and marble-related products in the People's Republic of China. It offers beige marble slabs and blocks; and marble slags, as well as other by-products. The company owns and operates the Zhangjiaba Mine, which is located in Zhenjiang Village, Xiangshui County, Jiangyou City of Sichuan Province. China Kingstone Mining Holdings Limited was incorporated in 2010 and is headquartered in Jiangyou, the People's Republic of China.

How the Company Makes Money

China Kingstone Mining Holdings Ltd generates revenue primarily through the sale of iron ore and related products. The company operates several mining sites where it extracts iron ore, which is then processed and sold to various customers, including steel manufacturers and other industries that require iron as a raw material. The revenue model is largely dependent on the global demand for iron ore, pricing fluctuations in the commodity markets, and the efficiency of its mining operations. Additionally, Kingstone Mining may benefit from strategic partnerships with other companies in the mining and steel sectors, which can enhance its market reach and operational capabilities. Factors such as production capacity, cost management, and market conditions play significant roles in the company’s earnings.

China Kingstone Mining Holdings Ltd Financial Statement Overview

Summary

Weak fundamentals: the income statement indicates declining revenue and negative gross/net margins with negative EBIT/EBITDA margins. Cash flow is also pressured with negative operating cash flow and negative free cash flow, raising liquidity risk. The balance sheet is comparatively steadier with manageable leverage and a stable equity ratio, but ROE is harmed by continued losses.

Income Statement

The company exhibits declining revenue with a negative revenue growth rate in recent years. Both gross profit and net profit margins are negative, indicating operational inefficiencies and persistent losses. EBIT and EBITDA margins are also negative, reflecting struggles in maintaining profitable operations.

Balance Sheet

The debt-to-equity ratio remains relatively low, suggesting manageable leverage levels. However, the return on equity is negatively impacted by continuous net losses. The equity ratio remains stable, indicating a solid equity base relative to total assets.

Cash Flow

The company faces challenges with cash flow generation, as evidenced by negative free cash flow and operating cash flow. The company has struggled to convert its net income into positive cash flows, indicating potential liquidity issues.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	35.26M	48.89M	58.49M	72.29M	74.25M	72.77M
Gross Profit	6.58M	11.33M	21.65M	26.85M	15.23M	6.90M
EBITDA	-24.20M	-24.17M	-55.87M	-56.34M	-9.19M	-15.31M
Net Income	-76.42M	-85.30M	-59.60M	-61.88M	-50.34M	-30.45M
Balance Sheet
Total Assets	146.10M	135.06M	212.34M	292.24M	313.57M	354.85M
Cash, Cash Equivalents and Short-Term Investments	18.86M	8.55M	4.66M	3.19M	9.90M	7.09M
Total Debt	10.71M	13.30M	16.23M	19.13M	7.30M	4.67M
Total Liabilities	62.78M	58.86M	61.44M	91.04M	52.02M	41.77M
Stockholders Equity	83.32M	76.20M	150.90M	201.20M	261.55M	313.08M
Cash Flow
Free Cash Flow	2.25M	4.45M	-453.00K	-11.03M	334.00K	-43.17M
Operating Cash Flow	2.61M	4.80M	-200.00K	-9.77M	5.50M	-36.83M
Investing Cash Flow	-237.00K	-237.00K	-250.00K	-666.00K	-4.74M	-6.34M
Financing Cash Flow	2.40M	-362.00K	3.31M	3.95M	2.78M	3.65M

China Kingstone Mining Holdings Ltd Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.70
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1380, the sentiment is Positive. The current price of 0.7 is below the 20-day moving average (MA) of 0.82, above the 50-day MA of 0.61, and above the 200-day MA of 0.27, indicating a bullish trend. The MACD of 0.05 indicates Positive momentum. The RSI at 57.32 is Neutral, neither overbought nor oversold. The STOCH value of 54.34 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1380.

China Kingstone Mining Holdings Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
3939	70 Outperform	HK$55.10B	54.44	36.46%	1.32%	31.24%	58.16%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
0769	55 Neutral	HK$1.95B	-15.63	―	―	10.29%	47.66%
1370	51 Neutral	HK$490.60M	-1.44	-41.19%	―	-6.51%	41.00%
1380	44 Neutral	HK$410.87M	-2.55	―	―	-52.58%	27.72%
0159	41 Neutral	HK$825.94M	-24.05	-7.49%	―	―	-164.29%
0433	41 Neutral	HK$1.14B	-3.58	-4702.63%	―	0.41%	83.35%

China Kingstone Mining Holdings Ltd Corporate Events

China Kingstone Mining Extends Exclusivity for Potential Gold Mine Acquisition

China Kingstone Mining Holdings Limited has further extended the exclusivity period under its memorandum of understanding for a potential acquisition involving gold mines, pushing the deadline from 31 December 2025 to 30 June 2026 or a later date if mutually agreed. The extension is intended to allow more time for negotiations with the vendor and for the group’s due diligence on the gold mining assets, but the company cautions that there is still no certainty a formal agreement will be signed or that the acquisition will proceed, leaving the potential impact on its asset base and future growth strategy contingent on the outcome of ongoing talks.

The most recent analyst rating on (HK:1380) stock is a Hold with a HK$0.48 price target. To see the full list of analyst forecasts on China Kingstone Mining Holdings Ltd stock, see the HK:1380 Stock Forecast page.

China Kingstone Mining Announces Executive Director Resignation

China Kingstone Mining Holdings Ltd announced the resignation of Mr. Zhang Weijun as an executive director, effective November 28, 2025, as he plans to focus on personal and other business commitments. The company expressed gratitude for Mr. Zhang’s contributions and confirmed there are no disagreements or issues related to his departure that need to be addressed with shareholders or the Hong Kong Stock Exchange.

The most recent analyst rating on (HK:1380) stock is a Hold with a HK$0.16 price target. To see the full list of analyst forecasts on China Kingstone Mining Holdings Ltd stock, see the HK:1380 Stock Forecast page.

China Kingstone Mining Announces Board Composition and Roles

China Kingstone Mining Holdings Ltd has announced the composition of its board of directors and their roles within the company. The board comprises both executive and independent non-executive directors, with specific members assigned to the audit, remuneration, and nomination committees. This announcement provides clarity on the governance structure and may impact the company’s strategic direction and stakeholder engagement.

The most recent analyst rating on (HK:1380) stock is a Hold with a HK$0.16 price target. To see the full list of analyst forecasts on China Kingstone Mining Holdings Ltd stock, see the HK:1380 Stock Forecast page.

China Kingstone Completes HK$18.6 Million Share Subscription for Expansion

China Kingstone Mining Holdings Ltd has completed the subscription of new shares, raising approximately HK$18.6 million after expenses. The proceeds will be used for general working capital and to fund the exploration stage of potential mining rights acquisition in Chile. The issuance of 106,741,574 new shares has altered the company’s shareholding structure, with the new shares representing about 21.30% of the enlarged share capital.

China Kingstone Mining Approves Key Resolutions at Special General Meeting

China Kingstone Mining Holdings Ltd announced the successful passing of all proposed resolutions at its Special General Meeting held on November 10, 2025. The resolutions included the approval and ratification of multiple subscription agreements and the issuance of specific mandates for subscription shares, all of which received unanimous support from the voting shareholders. This development is likely to enhance the company’s operational capacity and market positioning by facilitating new transactions and share issuances.

China Kingstone Mining Updates Company Logo

China Kingstone Mining Holdings Ltd has announced a change in its company logo effective from November 5, 2025. This change will not impact the rights of existing shareholders, nor will it affect the company’s business operations or financial position. Existing share certificates with the old logo remain valid for trading and other purposes, and the company will continue to use them until the inventory is exhausted.