Shandong Gold Mining Co., Ltd. Class H (HK:1787)
:1787
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Shandong Gold Mining Co., Ltd. Class H
(1787)
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Rating:59Neutral
Price Target:
HK$26.00
▼(-19.35% Downside)
Action:Reiterated
Date:05/03/26
The score is driven mainly by improved operating performance and a strong rebound in free cash flow, but tempered by materially higher leverage and weak technical momentum (below key moving averages with negative MACD). Valuation is also a headwind due to a high P/E and only modest dividend yield.
Positive Factors
Free cash flow rebound
A durable improvement in free cash flow (TTM ~10.7B, +57%) provides internal funding for sustaining capex, mine development, and opportunistic debt reduction. Reliable FCF cushions against commodity swings and funds value-accretive investments without immediate reliance on external financing.
Negative Factors
Elevated leverage
High absolute debt and a debt-to-equity ratio near 2.7x materially raise financial risk. Elevated leverage constrains flexibility for capital allocation, increases interest obligations, and makes the company more vulnerable to sustained gold-price weakness or operational setbacks, limiting strategic optionality.
Read all positive and negative factors
Positive Factors
Negative Factors
Free cash flow rebound
A durable improvement in free cash flow (TTM ~10.7B, +57%) provides internal funding for sustaining capex, mine development, and opportunistic debt reduction. Reliable FCF cushions against commodity swings and funds value-accretive investments without immediate reliance on external financing.
Read all positive factors
Shandong Gold Mining Co., Ltd. Class H (1787) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$151.55B
Dividend Yield0.93%
Average Volume (3M)24.23M
Price to Earnings (P/E)24.5
Beta (1Y)0.64
Revenue GrowthN/A
EPS GrowthN/A
CountryHK
Employees17,439
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)0.80
Shares Outstanding995,486,200
10 Day Avg. Volume30,297,405
30 Day Avg. Volume24,228,997
Financial Highlights & Ratios
PEG Ratio0.47
Price to Book (P/B)3.49
Price to Sales (P/S)1.50
P/FCF Ratio18.30
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$48.61Price Target Upside50.78% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)2.41
Revenue Forecast (FY)HK$154.91B
Shandong Gold Mining Co., Ltd. Class H Business Overview & Revenue Model
Company Description
Shandong 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 segm...
How the Company Makes Money
The company primarily makes money by producing gold from its mines and selling that gold into the market. Key revenue streams typically include: (1) Gold sales revenue: income recognized from the sale of refined gold (and/or gold doré that is furt...
Shandong Gold Mining Co., Ltd. Class H Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
58
Neutral
Cash Flow
66
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 83.85B | 104.29B | 82.52B | 59.28B | 50.31B | 33.93B |
| Gross Profit | 18.07B | 21.34B | 13.62B | 9.84B | 7.09B | 3.58B |
| EBITDA | 9.85B | 18.27B | 12.73B | 9.13B | 6.29B | 2.52B |
| Net Income | 4.01B | 4.74B | 2.95B | 2.33B | 1.25B | ― |
Balance Sheet | ||||||
| Total Assets | 177.31B | 170.37B | 160.66B | 134.60B | 90.72B | 78.31B |
| Cash, Cash Equivalents and Short-Term Investments | 23.20B | 20.08B | 14.83B | 14.13B | 12.59B | 7.69B |
| Total Debt | 56.07B | 54.53B | 57.00B | 50.19B | 20.95B | 12.87B |
| Total Liabilities | 110.94B | 105.99B | 102.09B | 81.34B | 54.03B | 46.52B |
| Stockholders Equity | 45.98B | 44.90B | 37.80B | 33.08B | 32.88B | 29.22B |
Cash Flow | ||||||
| Free Cash Flow | 10.67B | 8.56B | -6.76B | -2.33B | -1.24B | -1.73B |
| Operating Cash Flow | 20.37B | 21.49B | 13.34B | 6.85B | 2.97B | 1.82B |
| Investing Cash Flow | -10.80B | -13.61B | -22.80B | -20.62B | -5.25B | -2.61B |
| Financing Cash Flow | -4.79B | -1.87B | 11.00B | 14.44B | 5.46B | 2.14B |
Shandong Gold Mining Co., Ltd. Class H Technical Analysis
Negative
32.24
Price Trends
32.33
Negative
36.49
Negative
34.72
Negative
Market Momentum
-1.75
Positive
27.78
Positive
7.95
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1787, the sentiment is Negative. The current price of 32.24 is above the 20-day moving average (MA) of 29.06, below the 50-day MA of 32.33, and below the 200-day MA of 34.72, indicating a bearish trend. The MACD of -1.75 indicates Positive momentum. The RSI at 27.78 is Positive, neither overbought nor oversold. The STOCH value of 7.95 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1787.
Shandong Gold Mining Co., Ltd. Class H Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | HK$75.72B | 17.50 | 27.52% | 0.54% | 48.74% | 56.71% | |
67 Neutral | HK$78.22B | 28.72 | 17.43% | 0.16% | 56.67% | 139.25% | |
65 Neutral | HK$913.16B | 10.07 | 35.71% | 1.55% | 22.04% | 75.35% | |
64 Neutral | HK$24.87B | 13.32 | 33.81% | 1.40% | 10.57% | 112.84% | |
63 Neutral | HK$372.28B | 3.27 | 36.30% | ― | ― | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
59 Neutral | HK$151.55B | 24.52 | 15.21% | 0.93% | ― | ― |
* Basic Materials Sector Average
HK:1787
Shandong Gold Mining Co., Ltd. Class H
25.00
0.08
0.32%
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Zhaojin Mining Industry Co
22.08
2.51
12.84%
HK:2899
Zijin Mining Group Co
32.72
14.32
77.79%
HK:3330
Lingbao Gold Group Company Ltd. Class H
17.99
8.55
90.59%
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Chifeng Jilong Gold Mining Co., Ltd. Class H
33.88
5.14
17.90%
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Zijin Gold International Company Limited
139.10
1.60
1.16%
Shandong Gold Mining Co., Ltd. Class H Corporate Events
Shandong Gold Updates 2025 Final Dividend Details and Tax Treatment for H-Shareholders
May 13, 2026
Shandong Gold Mining Co., Ltd., a major Chinese gold producer listed in Hong Kong, focuses on the exploration, mining and processing of gold, providing investors with exposure to the precious metals sector through its H shares. Its operations posi...
Shandong Gold Calls 2025 AGM With Dividend, Derivatives and H-Share Mandate on Agenda
May 13, 2026
Shandong Gold Mining Co., Ltd. has called its 2025 annual general meeting for 3 June 2026 in Jinan, where shareholders will review the board and independent directors’ 2025 work reports, the annual report, profit distribution proposal, and t...
Shandong Gold Issues Unaudited First-Quarter 2026 Results and Reaffirms Disclosure Commitments
Apr 29, 2026
Shandong Gold Mining Co., Ltd. released its unaudited first quarterly report for the three months ended 31 March 2026, prepared in accordance with China Accounting Standards for Business Enterprises. The board, senior management and key accounting...
Shandong Gold Schedules Board Meeting to Approve First-Quarter 2026 Results
Apr 17, 2026
Shandong Gold Mining Co., Ltd. has scheduled a board meeting for 29 April 2026 to review and approve its first-quarter results for the three months ended 31 March 2026 and to authorize their publication. The meeting will also address other corpora...
Shandong Gold’s Controlling Shareholder Completes A-Share Increase Plan
Apr 8, 2026
Shandong Gold Mining Co., Ltd. announced the completion and results of a previously disclosed shareholding increase plan undertaken by its controlling shareholder, Shandong Gold Group Co., Ltd., and its concert parties. The plan, launched in April...
Shandong Gold Subsidiary Resubmits H-Share Listing Application in Hong Kong
Mar 27, 2026
Shandong Gold Mining announced that its controlled subsidiary, Shanjin International Gold, has resubmitted an application to issue and list H shares on the Main Board of the Hong Kong Stock Exchange, with draft application documents now available ...
Shandong Gold Mining Posts Strong 2025 Profit Surge and Higher Dividend
Mar 26, 2026
Shandong Gold Mining Co., Ltd. reported strong results for the year ended 31 December 2025, with revenue rising 26.38% year-on-year to approximately RMB104.29 billion and profit before tax jumping 59.95% to about RMB9.09 billion. Net profit attrib...
Shandong Gold Mining Proposes 2025 Final Dividend for Hong Kong Shareholders
Mar 26, 2026
Shandong Gold Mining Co., Ltd. has proposed a final ordinary cash dividend of RMB 1.8 per 10 shares for the financial year ended 31 December 2025, with payment scheduled for 10 August 2026. Key details including shareholder approval date, default ...
Shandong Gold Mining to Book 2025 Asset Impairment After Year-End Review
Mar 26, 2026
Shandong Gold Mining Co., Ltd. has announced that its board approved a provision for asset impairment for the 2025 financial year after a comprehensive year-end review of its asset base. The move reflects the company’s effort to more faithfu...
Shandong Gold Mining Sets March 2026 Board Meeting to Approve 2025 Results and Consider Dividend
Mar 16, 2026
Shandong Gold Mining has scheduled a board meeting for 26 March 2026 to review and approve its annual results for the financial year ended 31 December 2025, and to authorize the publication of those results. The board will also consider the paymen...
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.