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

• Market Cap: HK$198.44B
• Dividend Yield: 0.93%
• Average Volume (3M): 24.23M
• Price to Earnings (P/E): 33.1
• Beta (1Y): 0.52
• Revenue Growth: 36.74%
• EPS Growth: 36.49%
• Country: HK
• Employees: 17,439
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): 0.69
• Shares Outstanding: 995,486,200
• 10 Day Avg. Volume: 30,297,405
• 30 Day Avg. Volume: 24,228,997
• PEG Ratio: 0.47
• Price to Book (P/B): 3.49
• Price to Sales (P/S): 1.50
• P/FCF Ratio: 18.30
• 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: HK$48.61
• Price Target Upside: 45.36% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): 2.44
• Revenue Forecast (FY): HK$160.40B

• Rating: 55 Neutral
• Price Target: HK$34.00 ▲(1.67% Upside)
• Action: Reiterated Date: 04/02/26
• Date: Action: Reiterated 04/02/26

The score is driven primarily by improving financial results, tempered by high leverage and inconsistent cash flow. Technicals are weak with the stock trading below major moving averages and negative MACD, and valuation is only moderate due to a high P/E and low dividend yield.

Positive Factors

Revenue scale & rising net income

Sustained revenue scaling and a material YoY net income increase demonstrate improving underlying production or sales performance and operational leverage. Over 2–6 months this supports reinvestment capacity, stronger earnings resilience to fund growth and strategic projects beyond transitory cycles.

Negative Factors

High leverage (debt > equity)

Elevated absolute debt and a debt-to-equity ratio above 1 materially constrain balance sheet flexibility. In a capital-intensive, commodity-exposed business this raises refinancing and interest-service risk, limiting ability to withstand prolonged weak cycles or fund opportunistic investments without issuing equity.

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...

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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 and selling gold. Revenue is generated from (1) gold sales: mined ore is processed into gold-bearing output (e.g., doré or refined gold, depending on the company’s processing/refining arrangements) an...

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The company primarily makes money by producing and selling gold. Revenue is generated from (1) gold sales: mined ore is processed into gold-bearing output (e.g., doré or refined gold, depending on the company’s processing/refining arrangements) an...

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

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	104.29B	82.52B	59.28B	50.31B	33.93B
Gross Profit	21.34B	13.62B	9.84B	7.09B	3.58B
EBITDA	18.27B	12.73B	9.13B	6.29B	2.52B
Net Income	4.74B	2.95B	2.33B	1.25B	―
Balance Sheet
Total Assets	170.37B	160.66B	134.60B	90.72B	78.31B
Cash, Cash Equivalents and Short-Term Investments	20.08B	14.83B	14.13B	12.59B	7.69B
Total Debt	54.53B	57.00B	50.19B	20.95B	12.87B
Total Liabilities	105.99B	102.09B	81.34B	54.03B	46.52B
Stockholders Equity	44.90B	37.80B	33.08B	32.88B	29.22B
Cash Flow
Free Cash Flow	8.56B	-6.76B	-2.33B	-1.24B	-1.73B
Operating Cash Flow	21.49B	13.34B	6.85B	2.97B	1.82B
Investing Cash Flow	-13.61B	-22.80B	-20.62B	-5.25B	-2.61B
Financing Cash Flow	-1.87B	11.00B	14.44B	5.46B	2.14B

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

• Technical Analysis Sentiment: Negative
• Last Price: 33.44
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

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 33.44 is below the 20-day moving average (MA) of 34.94, below the 50-day MA of 39.35, and below the 200-day MA of 34.15, indicating a bearish trend. The MACD of -2.02 indicates Negative momentum. The RSI at 43.27 is Neutral, neither overbought nor oversold. The STOCH value of 81.58 is Negative, 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6693	72 Outperform	HK$97.00B	12.48	25.32%	0.54%	―	―
6181	69 Neutral	HK$112.76B	20.10	51.43%	2.51%	226.65%	278.96%
2899	66 Neutral	HK$978.78B	16.09	30.60%	1.55%	9.69%	54.43%
3330	66 Neutral	HK$36.89B	13.75	33.81%	1.40%	70.92%	249.45%
1818	64 Neutral	HK$115.06B	27.53	11.01%	0.16%	44.37%	125.87%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
1787	55 Neutral	HK$198.44B	33.06	―	0.93%	36.74%	36.49%

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