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Zhaojin Mining Industry Co
(1818)
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Rating:63Neutral
Price Target:
HK$18.00
â–Ľ(-41.94% Downside)
Action:Reiterated
Date:06/26/26
The score is primarily supported by improved financial performance—strong revenue growth, materially higher margins, and better cash flow—partly offset by rising leverage. Technicals are the biggest drag, with the stock in a pronounced downtrend versus all major moving averages and negative momentum. Valuation is middling (moderate P/E) with limited dividend support.
Positive Factors
Revenue and margin improvement
The company delivered materially higher revenue and a step-up in net margin to ~20%, reflecting improved operating performance and cost or pricing dynamics. Sustained top-line growth with better margins supports longer-term cash generation and reinvestment capacity across the cycle.
Negative Factors
Rising leverage
Leverage has increased materially, raising financial risk and interest burden. In a cyclical commodity business, higher debt amplifies earnings volatility and reduces flexibility for capex or dividends, making the firm more sensitive to weaker gold prices or operational setbacks.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and margin improvement
The company delivered materially higher revenue and a step-up in net margin to ~20%, reflecting improved operating performance and cost or pricing dynamics. Sustained top-line growth with better margins supports longer-term cash generation and reinvestment capacity across the cycle.
Read all positive factors
Zhaojin Mining Industry Co (1818) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$58.06B
Dividend Yield0.16%
Average Volume (3M)14.02M
Price to Earnings (P/E)14.8
Beta (1Y)0.61
Revenue Growth56.67%
EPS Growth139.25%
CountryHK
Employees7,036
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)0.96
Shares Outstanding2,881,555,700
10 Day Avg. Volume9,068,964
30 Day Avg. Volume14,017,398
Financial Highlights & Ratios
PEG Ratio0.17
Price to Book (P/B)5.35
Price to Sales (P/S)5.75
P/FCF Ratio33.01
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$41.07Price Target Upside32.48% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)1.63
Revenue Forecast (FY)HK$21.74B
Zhaojin Mining Industry Co Business Overview & Revenue Model
Company Description
As an investment holding enterprise, Zhaojin Mining Industry Company Limited is deeply involved in the exploration, extraction, refining, and marketing of gold, silver, and copper throughout the People's Republic of China. Its business activities ...
How the Company Makes Money
null...
Zhaojin Mining Industry Co Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
63
Positive
Cash Flow
70
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 18.06B | 11.55B | 8.42B | 7.89B | 6.86B |
| Gross Profit | 7.57B | 4.52B | 3.24B | 2.66B | 2.69B |
| EBITDA | 7.09B | 4.03B | 2.69B | 2.23B | 1.73B |
| Net Income | 3.61B | 1.45B | 686.43M | 401.95M | 33.70M |
Balance Sheet | |||||
| Total Assets | 57.31B | 53.57B | 46.87B | 45.89B | 43.02B |
| Cash, Cash Equivalents and Short-Term Investments | 6.23B | 3.59B | 4.44B | 5.11B | 4.24B |
| Total Debt | 24.36B | 20.05B | 17.79B | 18.81B | 16.91B |
| Total Liabilities | 33.50B | 28.38B | 24.62B | 25.84B | 23.29B |
| Stockholders Equity | 19.40B | 21.18B | 18.86B | 16.61B | 16.30B |
Cash Flow | |||||
| Free Cash Flow | 3.14B | 318.48M | 283.10M | -768.09M | 419.97M |
| Operating Cash Flow | 5.85B | 2.38B | 1.83B | 692.97M | 2.80B |
| Investing Cash Flow | -3.69B | -6.35B | -1.96B | -1.96B | -2.88B |
| Financing Cash Flow | -2.38B | 3.11B | -551.68M | 1.83B | 1.24B |
Zhaojin Mining Industry Co Technical Analysis
Negative
31.00
Price Trends
24.28
Negative
28.50
Negative
29.63
Negative
Market Momentum
-1.81
Positive
26.61
Positive
9.47
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1818, the sentiment is Negative. The current price of 31 is above the 20-day moving average (MA) of 19.79, above the 50-day MA of 24.28, and above the 200-day MA of 29.63, indicating a bearish trend. The MACD of -1.81 indicates Positive momentum. The RSI at 26.61 is Positive, neither overbought nor oversold. The STOCH value of 9.47 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1818.
Zhaojin Mining Industry Co Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | HK$55.59B | 10.46 | 27.52% | 0.54% | 48.74% | 56.71% | |
67 Neutral | HK$9.72B | 10.43 | 23.61% | 0.44% | 49.31% | 262.43% | |
67 Neutral | HK$236.86B | 13.26 | 26.67% | ― | ― | ― | |
63 Neutral | HK$58.06B | 14.76 | 17.43% | 0.16% | 56.67% | 139.25% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
58 Neutral | HK$16.95B | 8.85 | 34.13% | 1.40% | 10.57% | 112.84% | |
56 Neutral | HK$113.08B | 20.43 | 15.21% | 0.93% | ― | ― |
* Basic Materials Sector Average
HK:1818
Zhaojin Mining Industry Co
16.39
-3.90
-19.23%
HK:0340
Tongguan Gold Group Ltd.
1.83
-0.24
-11.68%
HK:3330
Lingbao Gold Group Company Ltd. Class H
12.29
2.16
21.30%
HK:1787
Shandong Gold Mining Co., Ltd. Class H
16.70
-10.08
-37.65%
HK:6693
Chifeng Jilong Gold Mining Co., Ltd. Class H
22.98
-4.04
-14.96%
HK:2259
Zijin Gold International Company Limited
88.50
-30.68
-25.74%
Zhaojin Mining Industry Co Corporate Events
Zhaojin Mining shareholders back chairman’s appointment as executive director
Jun 12, 2026
Zhaojin Mining Industry Company Limited reported the voting results of its 2026 second extraordinary general meeting held in Zhaoyuan, Shandong, where shareholders representing about 68.33% of the company’s issued share capital were present ...
Zhaojin Mining Updates Final 2025 Dividend Details and Withholding Tax Arrangements
Jun 1, 2026
Zhaojin Mining Industry Company Limited has updated details of its final dividend for the year ended 31 December 2025, confirming a payout of RMB 0.1 per share, with Hong Kong shareholders to receive HKD 0.114769 per share based on a specified exc...
Zhaojin Mining Shareholders Back Dividend and Auditor Reappointment at 2025 AGM
Jun 1, 2026
Shareholders of Zhaojin Mining Industry Company Limited approved all resolutions at the 2025 annual general meeting held in Shandong on 1 June 2026, with about 69% of issued share capital represented. The board report, 2025 audited financial state...
Zhaojin Mining Wins Unanimous Domestic Shareholder Backing for H-Share Buyback Mandate
Jun 1, 2026
Zhaojin Mining Industry Company Limited announced the voting results of its Domestic Share Class Meeting held in Zhaoyuan, Shandong, where holders of all 660,837,607 issued Domestic Shares, representing 100% attendance, participated in person or b...
Zhaojin Mining Calls Extraordinary Meeting to Appoint New Executive Director
May 27, 2026
Zhaojin Mining Industry Company Limited has convened its 2026 Second Extraordinary General Meeting for 9:00 a.m. on 12 June 2026 in Zhaoyuan City, Shandong Province, where shareholders will vote on the proposed appointment of Mr. Wang Leyi as an e...
Zhaojin Mining Sets June Date and Book Closure for 2026 Extraordinary Meeting
May 21, 2026
Zhaojin Mining Industry Company Limited has scheduled its second extraordinary general meeting of 2026 for 9:00 a.m. on 12 June 2026 in Zhaoyuan City, Shandong Province, to address matters requiring shareholder approval. The company will close its...
Zhaojin Mining reshapes top leadership as chairman Jiang Guipeng steps down
May 19, 2026
Zhaojin Mining Industry Company Limited has announced a leadership reshuffle effective 19 May 2026, with chairman and executive director Jiang Guipeng resigning from his roles, including head of the strategic committee and authorised representativ...
Zhaojin Mining Details Board Structure and Governance Committees
May 19, 2026
Zhaojin Mining Industry Company Limited has announced the current composition of its board of directors, detailing the roles of executive, non-executive, and independent non-executive directors, with Chairman and President Wang Leyi leading the Bo...
Zhaojin Mining Halts Zhaoyuan Mines After Fatal Construction Incident
May 14, 2026
Zhaojin Mining Industry Company Limited, a Hong Kong–listed Chinese gold miner, operates a network of production mines and infrastructure projects concentrated in the Zhaoyuan region of Shandong. Through subsidiaries such as Zhaoyuan Jinting...
Zhaojin Mining Sets 2025 AGM, Seeks Fresh Share-Issuance Mandate
May 8, 2026
Zhaojin Mining Industry Company Limited has convened its 2025 annual general meeting for 1 June 2026 in Shandong Province, where shareholders will review the board report, audited financial statements, and the profit distribution plan for the year...
Zhaojin Mining Seeks Mandate to Repurchase Up to 10% of H Shares
May 8, 2026
Zhaojin Mining Industry Company Limited has called a Domestic Share class meeting for 1 June 2026 in Shandong Province to seek shareholder approval for a special resolution granting the board a general mandate to repurchase up to 10% of the compan...
Zhaojin Mining Seeks Mandate to Repurchase Up to 10% of H Shares
May 8, 2026
Zhaojin Mining Industry Company Limited has convened an H share class meeting for 1 June 2026 in Shandong Province to seek shareholder approval for a special resolution granting a general mandate to repurchase up to 10% of its issued H shares, exc...
Zhaojin Mining Posts Higher Q1 2026 Assets Amid Bond-Linked Disclosure
Apr 24, 2026
Zhaojin Mining Industry Company Limited has released its unaudited consolidated financial information for the first quarter ended 31 March 2026, prepared under PRC GAAP, as part of its disclosure obligations linked to the 2025 fifth tranche of sci...
Zhaojin Mining Sets April Board Meeting to Review Q1 2026 Results
Apr 14, 2026
Zhaojin Mining Industry Company Limited has scheduled a board meeting for 24 April 2026 to review and approve its unaudited consolidated first-quarter report for the three months ended 31 March 2026 and to authorize publication of the results. The...
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.