Zhaojin Mining Industry Co Ltd Class H (HK:1818)
:1818
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Zhaojin Mining Industry Co
(1818)
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Rating:67Neutral
Price Target:
HK$27.00
▼(-12.90% Downside)
Action:Downgraded
Date:05/15/26
The score is driven by strong recent financial improvement and supportive valuation (moderate P/E and very high dividend yield). These positives are partially offset by weak technical signals (price below major moving averages and bearish MACD) and balance-sheet risk from higher leverage.
Positive Factors
Margin & revenue recovery
Sustained revenue growth and a marked margin expansion reflect improved operational performance and pricing capture. Over the next 2–6 months this supports higher operating cash flow, better coverage of fixed costs and greater resilience versus prior weaker years, underpinning reinvestment capacity.
Negative Factors
Rising leverage
A material increase in leverage raises fixed-cost obligations and refinancing risk in a cyclical mining business. Over a 2–6 month horizon higher debt burdens reduce financial flexibility, increase interest sensitivity to rate moves, and constrain capital allocation if prices or operations soften.
Read all positive and negative factors
Positive Factors
Negative Factors
Margin & revenue recovery
Sustained revenue growth and a marked margin expansion reflect improved operational performance and pricing capture. Over the next 2–6 months this supports higher operating cash flow, better coverage of fixed costs and greater resilience versus prior weaker years, underpinning reinvestment capacity.
Read all positive factors
Zhaojin Mining Industry Co (1818) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$78.22B
Dividend Yield0.16%
Average Volume (3M)14.02M
Price to Earnings (P/E)28.7
Beta (1Y)0.57
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 Ratio0.16
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$42.75Price Target Upside37.89% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering8
EPS Forecast (FY)1.72
Revenue Forecast (FY)HK$22.39B
Zhaojin Mining Industry Co Business Overview & Revenue Model
Company Description
Zhaojin Mining Industry Company Limited, an investment holding company, engages in mining, processing, smelting, and sale of gold, silver, and copper products in the People's Republic of China. The company operates through three segments: Gold Ope...
How the Company Makes Money
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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
29.93
Negative
32.28
Negative
29.94
Negative
Market Momentum
-2.04
Positive
22.16
Positive
6.47
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 27.60, above the 50-day MA of 29.93, and above the 200-day MA of 29.94, indicating a bearish trend. The MACD of -2.04 indicates Positive momentum. The RSI at 22.16 is Positive, neither overbought nor oversold. The STOCH value of 6.47 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 |
|---|---|---|---|---|---|---|---|
77 Outperform | HK$12.33B | 7.46 | 23.61% | 0.44% | 49.31% | 262.43% | |
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% | |
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:1818
Zhaojin Mining Industry Co
22.08
2.51
12.84%
HK:0340
Tongguan Gold Group Ltd.
2.32
0.87
59.67%
HK:3330
Lingbao Gold Group Company Ltd. Class H
17.99
8.55
90.59%
HK:1787
Shandong Gold Mining Co., Ltd. Class H
25.00
0.08
0.32%
HK:6693
Chifeng Jilong Gold Mining Co., Ltd. Class H
33.88
5.14
17.90%
HK:2259
Zijin Gold International Company Limited
139.10
1.60
1.16%
Zhaojin Mining Industry Co Corporate Events
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...
Zhaojin Mining Profit Surges as 2025 Revenue Jumps and Dividend Doubles
Mar 22, 2026
Zhaojin Mining Industry Company Limited reported a sharp improvement in its 2025 performance, with revenue rising 56.32% year on year to RMB18.06 billion and net profit jumping 139.81% to RMB4.44 billion. Profit attributable to shareholders climbe...
Zhaojin Mining Declares Final 2025 Dividend and Details Tax Treatment for H-Shareholders
Mar 22, 2026
Zhaojin Mining Industry Company Limited has declared a final ordinary cash dividend of RMB 0.1 per share for the financial year ended 31 December 2025, subject to shareholder approval on 1 June 2026. The dividend will be paid in Hong Kong dollars ...
Zhaojin Mining Wins Shareholder Approval for Bigger Silver Sales and RMB12 Billion Bond Plan
Mar 20, 2026
Zhaojin Mining Industry Company Limited reported the results of its first extraordinary general meeting of 2026, held in Shandong with a shareholder turnout representing about 70% of its issued share capital. Attendance by eight of eleven director...
Zhaojin Mining Sets March Board Meeting to Approve 2025 Results and Consider Final Dividend
Mar 10, 2026
Zhaojin Mining Industry Company Limited has scheduled a board meeting for 20 March 2026 to review and approve the annual results of the company and its subsidiaries for the financial year ended 31 December 2025. The board will also consider the pu...
Zhaojin Mining Calls 2026 EGM to Approve Silver Cap and RMB12 Billion Bond Plan
Mar 3, 2026
Zhaojin Mining Industry Company Limited has called its first extraordinary general meeting of 2026 to be held in March in Zhaoyuan, Shandong, where shareholders will vote on several key financial resolutions. The meeting underscores the company...
Zhaojin Mining Delays Dispatch of Circular on Revised Silver Sales Cap
Feb 27, 2026
Zhaojin Mining Industry Company Limited has postponed the dispatch of a shareholder circular relating to a proposed revision of the annual cap under its Framework Agreement for Sales of Silver, as amended by a supplemental agreement. The circular,...
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.