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Shandong Gold Mining Co., Ltd. Class H (HK:1787)
:1787
Hong Kong Market

Shandong Gold Mining Co., Ltd. Class H (1787) AI Stock Analysis

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HK:1787

Shandong Gold Mining Co., Ltd. Class H

(1787)

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Neutral 55 (OpenAI - 5.2)
Rating:55Neutral
Price Target:
HK$36.00
▼(-9.77% Downside)
The score is driven primarily by moderate financial performance—improving profitability but offset by higher leverage and negative free cash flow—combined with a supportive technical uptrend. These positives are tempered by an expensive valuation (high P/E and modest dividend yield).
Positive Factors
Profitability Improvement
Improved profitability, with steady net and EBIT margins, indicates enhanced operational efficiency and cost management, supporting long-term earnings stability.
Strategic Initiatives
Efforts to mitigate horizontal competition through strategic asset consolidation enhance market position and operational efficiency, fostering sustainable growth.
Shareholder Confidence
Increased shareholding by the controlling shareholder reflects confidence in the company's long-term growth prospects, indicating strong governance and strategic alignment.
Negative Factors
High Leverage
Increased leverage heightens financial risk and sensitivity to market fluctuations, potentially constraining future investment and operational flexibility.
Negative Free Cash Flow
Negative free cash flow despite positive operating cash flow suggests high reinvestment needs, limiting financial flexibility and potentially impacting long-term growth.
Revenue Volatility
Volatile revenue trends indicate an unpredictable operating environment, challenging consistent growth and potentially affecting strategic planning.

Shandong Gold Mining Co., Ltd. Class H (1787) vs. iShares MSCI Hong Kong ETF (EWH)

Shandong Gold Mining Co., Ltd. Class H Business Overview & Revenue Model

Company DescriptionShandong Gold Mining Co., Ltd. engages in the exploration, mining, processing, smelting, and selling of gold and silver ores in the People's Republic of China. The company operates through Gold Mining, Gold Refining, and Investment Management segments. It is involved in refining, processing, production, and sales of gold products; production and sales of specialized equipment for gold mines, and construction and decoration materials; investing in equity funds; trading of gold bullion; and provision of brokerage services for trading of futures contracts, as well as production of gold bullions, investment gold bars, and silver ingots. The company also engages in the asset and investment management activities. Shandong Gold Mining Co., Ltd. was incorporated in 2000 and is headquartered in Jinan, the People's Republic of China.
How the Company Makes MoneyShandong Gold Mining Co., Ltd. generates revenue primarily through the exploration, extraction, and sale of gold. The company owns and operates several gold mines, which are the core sources of its raw gold products. Once extracted, the gold is processed and refined into bullion and other forms, which are then sold to various customers, including jewelry manufacturers, financial institutions, and other industrial users. In addition to mining and selling gold, the company also earns revenue through the sale of investment-grade gold products and, to a lesser extent, by providing mining-related services. Strategic partnerships and joint ventures with other mining companies and entities also play a role in enhancing its operational capabilities and market reach.

Shandong Gold Mining Co., Ltd. Class H Financial Statement Overview

Summary
Overall, Shandong Gold Mining Co., Ltd. is in a strong financial position with robust revenue growth, efficient operations, and solid asset management. While the company has higher leverage, its profitability and operational cash flows remain strong, supporting its strategic initiatives in the gold industry.
Income Statement
Shandong Gold Mining Co., Ltd. demonstrates strong revenue growth, with a notable increase from 2019 to 2024. The company has a solid gross profit margin and steady improvement in net profit margins over the years, indicating effective cost management. EBIT and EBITDA margins are healthy, suggesting good operational efficiency.
Balance Sheet
The company's balance sheet reflects a significant increase in total assets and equity over time, which supports growth prospects. While the debt-to-equity ratio has increased, indicating higher leverage, the company maintains a reasonable equity ratio. The ROE is solid, reflecting strong profitability relative to equity.
Cash Flow
Operating cash flow has shown consistent growth, aligning with income statement performance. However, the lack of detailed free cash flow data limits further analysis. The company has managed its financing activities effectively, supporting its growth objectives.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue93.51B82.52B59.28B50.31B33.93B63.66B
Gross Profit17.05B13.62B9.84B7.09B3.58B7.85B
EBITDA10.45B12.73B9.13B6.29B2.52B6.47B
Net Income4.38B2.95B2.33B1.25B2.02B
Balance Sheet
Total Assets166.02B160.66B134.60B90.72B78.31B63.86B
Cash, Cash Equivalents and Short-Term Investments15.47B14.83B14.13B12.59B7.69B6.35B
Total Debt56.46B57.00B50.19B20.95B12.87B10.06B
Total Liabilities104.78B102.09B81.34B54.03B46.52B32.21B
Stockholders Equity42.27B37.80B33.08B32.88B29.22B28.76B
Cash Flow
Free Cash Flow4.84B-6.76B1.04B
Operating Cash Flow10.50B13.34B6.85B2.97B1.82B5.81B
Investing Cash Flow-5.31B-22.80B-20.62B
Financing Cash Flow1.92B11.00B14.44B5.46B2.14B2.28B

Shandong Gold Mining Co., Ltd. Class H Technical Analysis

Technical Analysis Sentiment
Positive
Last Price39.90
Price Trends
50DMA
34.49
Positive
100DMA
34.31
Positive
200DMA
29.22
Positive
Market Momentum
MACD
0.98
Negative
RSI
65.90
Neutral
STOCH
77.32
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1787, the sentiment is Positive. The current price of 39.9 is above the 20-day moving average (MA) of 35.60, above the 50-day MA of 34.49, and above the 200-day MA of 29.22, indicating a bullish trend. The MACD of 0.98 indicates Negative momentum. The RSI at 65.90 is Neutral, neither overbought nor oversold. The STOCH value of 77.32 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1787.

Shandong Gold Mining Co., Ltd. Class H Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
76
Outperform
HK$57.64B17.8627.28%0.54%
74
Outperform
HK$25.10B18.7235.84%1.40%70.92%249.45%
72
Outperform
$1.08T20.6129.60%1.55%9.69%54.43%
67
Neutral
HK$116.24B32.8359.03%2.51%226.65%278.96%
64
Neutral
HK$126.04B48.6815.17%0.16%44.37%125.87%
61
Neutral
$10.43B7.12-0.05%2.87%2.86%-36.73%
55
Neutral
HK$216.30B66.020.93%36.74%36.49%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:1787
Shandong Gold Mining Co., Ltd. Class H
39.90
25.82
183.38%
HK:1818
Zhaojin Mining Industry Co
35.58
23.45
193.39%
HK:2899
Zijin Mining Group Co
38.26
23.33
156.30%
HK:3330
Lingbao Gold Group Company Ltd. Class H
19.50
15.48
384.83%
HK:6181
Laopu Gold Co. Ltd. Class H
659.00
369.84
127.90%
HK:6693
Chifeng Jilong Gold Mining Co., Ltd. Class H
29.48
16.36
124.70%

Shandong Gold Mining Co., Ltd. Class H Corporate Events

Shandong Gold Mining Announces Resignation of Independent Non-Executive Director
Dec 29, 2025

Shandong Gold Mining Co., Ltd. has announced the resignation of independent non-executive director Zhan Kai, who is stepping down from the board and from multiple key board committees, including strategy, sustainability, audit, nomination and remuneration, in order to devote more time to personal matters. Because his departure would temporarily reduce the proportion of independent directors on the board below the regulatory one-third threshold, his resignation will only take effect once a new independent non-executive director is appointed or the independent director ratio is otherwise restored, during which time he will continue to perform his duties, with the company pledging to expedite the election process and noting that he holds no shares, has no outstanding commitments, and has no disagreement with the board.

The most recent analyst rating on (HK:1787) stock is a Buy with a HK$47.00 price target. To see the full list of analyst forecasts on Shandong Gold Mining Co., Ltd. Class H stock, see the HK:1787 Stock Forecast page.

Shandong Gold Shareholders Approve Competition Undertakings and Group Guarantees at EGM
Dec 24, 2025

Shandong Gold Mining Co., Ltd. reported that shareholders approved all ordinary resolutions at its fifth extraordinary general meeting of 2025, including measures for Shandong Gold Group and Shandong Gold Non-Ferrous Metal Mine Group to further implement undertakings aimed at avoiding horizontal competition within the group. Investors also backed an estimated guarantee amount to be provided by the company’s controlling subsidiary, Shanjin International, to its own subsidiaries, a step that formalises intra-group financial support, clarifies governance arrangements, and may help reduce related-party competition risks while facilitating funding flexibility for the group’s overseas and downstream operations.

The most recent analyst rating on (HK:1787) stock is a Buy with a HK$47.00 price target. To see the full list of analyst forecasts on Shandong Gold Mining Co., Ltd. Class H stock, see the HK:1787 Stock Forecast page.

Shandong Gold Mining Announces Supplemental Notice for 2025 EGM
Dec 8, 2025

Shandong Gold Mining Co., Ltd. has announced a supplemental notice for its 2025 fifth extraordinary general meeting (EGM), scheduled for December 24, 2025. The meeting will address an additional resolution concerning the estimated guarantee amount provided by Shanjin International, a controlling subsidiary, to its subsidiaries. This resolution is expected to impact the company’s financial strategies and stakeholder interests, highlighting its ongoing efforts to manage subsidiary operations effectively.

The most recent analyst rating on (HK:1787) stock is a Buy with a HK$47.00 price target. To see the full list of analyst forecasts on Shandong Gold Mining Co., Ltd. Class H stock, see the HK:1787 Stock Forecast page.

Shandong Gold Mining to Discuss Anti-Competition Measures at Upcoming EGM
Nov 17, 2025

Shandong Gold Mining Co., Ltd. has announced the convening of its fifth extraordinary general meeting in December 2025 to discuss and approve a resolution aimed at further implementing undertakings to avoid horizontal competition. This move is expected to strengthen the company’s market position by ensuring compliance with competitive practices, potentially impacting stakeholders positively by aligning with industry standards.

The most recent analyst rating on (HK:1787) stock is a Buy with a HK$47.00 price target. To see the full list of analyst forecasts on Shandong Gold Mining Co., Ltd. Class H stock, see the HK:1787 Stock Forecast page.

Shandong Gold Mining Faces RMB738 Million Tax Payment
Nov 10, 2025

Shandong Gold Mining Co., Ltd. announced that its wholly-owned subsidiary, Laizhou Company, must make a supplementary payment of RMB738 million in taxes and late fees due to the free transfer of exploration rights by its former subsidiaries, which did not qualify for special tax treatment. This payment will not affect the company’s current net profit due to its recording as a deferred income tax asset, though the late fees will impact the net profit for 2025. The company assures that this will not significantly impact its operations and is committed to improving tax management to protect shareholder interests.

The most recent analyst rating on (HK:1787) stock is a Buy with a HK$47.00 price target. To see the full list of analyst forecasts on Shandong Gold Mining Co., Ltd. Class H stock, see the HK:1787 Stock Forecast page.

Shandong Gold Mining Co., Ltd. Advances Strategy to Mitigate Horizontal Competition
Nov 10, 2025

Shandong Gold Mining Co., Ltd. announced the further implementation of undertakings by its controlling shareholder to avoid horizontal competition. This involves consolidating business assets and ensuring that any potential competing businesses are either integrated into Shandong Gold or sold to third parties. The resolution, approved by the Board, aims to protect the interests of the company and its shareholders by strategically managing its resources and market presence, with a focus on enhancing operational efficiency and market competitiveness.

The most recent analyst rating on (HK:1787) stock is a Buy with a HK$47.00 price target. To see the full list of analyst forecasts on Shandong Gold Mining Co., Ltd. Class H stock, see the HK:1787 Stock Forecast page.

Shandong Gold Mining Releases 2025 Q3 Financial Report
Oct 29, 2025

Shandong Gold Mining Co., Ltd. has released its unaudited third quarterly report for 2025, prepared according to China Accounting Standards for Business Enterprises. The report assures stakeholders of the truthfulness, accuracy, and completeness of the financial statements, reflecting the company’s commitment to transparency and accountability in its financial reporting.

The most recent analyst rating on (HK:1787) stock is a Buy with a HK$47.00 price target. To see the full list of analyst forecasts on Shandong Gold Mining Co., Ltd. Class H stock, see the HK:1787 Stock Forecast page.

Shandong Gold Mining Schedules Board Meeting for Q3 Results
Oct 17, 2025

Shandong Gold Mining Co., Ltd. has announced a board meeting scheduled for October 29, 2025, to review and approve the company’s third-quarter financial results for the period ending September 30, 2025. This meeting is significant as it will provide insights into the company’s financial health and operational performance, potentially impacting its market positioning and stakeholder interests.

The most recent analyst rating on (HK:1787) stock is a Buy with a HK$47.00 price target. To see the full list of analyst forecasts on Shandong Gold Mining Co., Ltd. Class H stock, see the HK:1787 Stock Forecast page.

Shandong Gold Mining Projects Significant Profit Surge for 2025
Oct 14, 2025

Shandong Gold Mining Co., Ltd. has announced an estimated significant increase in net profit for the first three quarters of 2025, with projections ranging from RMB3.80 billion to RMB4.10 billion, marking a substantial year-on-year growth of 83.9% to 98.5%. This impressive financial performance is attributed to strategic production optimization, enhanced technological research, and favorable gold price trends, which have collectively bolstered the company’s operational efficiency and profitability.

The most recent analyst rating on (HK:1787) stock is a Buy with a HK$47.00 price target. To see the full list of analyst forecasts on Shandong Gold Mining Co., Ltd. Class H stock, see the HK:1787 Stock Forecast page.

Shandong Gold Mining’s Shareholding Increase Reflects Confidence in Sustainable Growth
Oct 9, 2025

Shandong Gold Mining Co., Ltd. announced the progress of its controlling shareholder, Shandong Gold Group Co., Ltd., and its concert parties in increasing their shareholdings in the company. This move, which involves a planned increase of between RMB0.5 billion and RMB1.0 billion in A Shares through the Shanghai Stock Exchange, reflects confidence in the company’s long-term investment value and its potential for sustainable growth.

The most recent analyst rating on (HK:1787) stock is a Buy with a HK$47.00 price target. To see the full list of analyst forecasts on Shandong Gold Mining Co., Ltd. Class H stock, see the HK:1787 Stock Forecast page.

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: Dec 30, 2025