Zhaojin Mining Industry Co Ltd Class H (HK:1818)
:1818
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Zhaojin Mining Industry Co
(1818)
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Rating:70Outperform
Price Target:
HK$34.00
▲(9.68% Upside)
Action:UpgradedDate:04/22/26
The score is driven primarily by improved financial performance (strong margin expansion and better cash generation), partially offset by higher leverage risk. Valuation is supportive (moderate P/E and very high dividend yield), while technicals are neutral-to-soft in the near term with the stock below key short/intermediate moving averages.
Positive Factors
Improved profitability
Material margin expansion and double-digit revenue growth reflect meaningful operational improvement and pricing leverage. Sustained higher margins increase retained earnings and resilience to cyclicality, supporting reinvestment, debt servicing and longer-term cash returns if maintained.
Negative Factors
Rising leverage
A notable rise in leverage reduces financial flexibility and increases interest and refinancing risk if operating cash flow weakens. Higher debt levels amplify downside in a commodity downturn, constraining capital allocation choices and potentially elevating funding costs over several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved profitability
Material margin expansion and double-digit revenue growth reflect meaningful operational improvement and pricing leverage. Sustained higher margins increase retained earnings and resilience to cyclicality, supporting reinvestment, debt servicing and longer-term cash returns if maintained.
Read all positive factors
Zhaojin Mining Industry Co (1818) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$104.08B
Dividend Yield0.16%
Average Volume (3M)14.02M
Price to Earnings (P/E)27.5
Beta (1Y)0.47
Revenue Growth56.67%
EPS Growth139.25%
CountryHK
Employees7,036
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)0.37
Shares Outstanding2,881,555,700
10 Day Avg. Volume9,068,964
30 Day Avg. Volume14,017,398
Financial Highlights & Ratios
PEG Ratio0.15
Price to Book (P/B)5.00
Price to Sales (P/S)5.51
P/FCF Ratio30.82
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$45.10Price Target Upside45.47% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering7
EPS Forecast (FY)1.82
Revenue Forecast (FY)HK$22.91B
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
Zhaojin Mining Industry Co., Ltd. generates revenue primarily by producing and selling gold. Its main money-making process typically includes: (1) exploration and resource development to secure and expand mineral reserves; (2) mining operations to...
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 | 17.59B | 11.55B | 8.42B | 7.89B | 6.86B |
| Gross Profit | 7.37B | 4.52B | 3.24B | 2.66B | 2.69B |
| EBITDA | 7.39B | 4.03B | 2.69B | 2.23B | 1.73B |
| Net Income | 3.52B | 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
32.44
Negative
32.50
Negative
29.13
Positive
Market Momentum
0.17
Negative
44.74
Neutral
23.39
Neutral
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 below the 20-day moving average (MA) of 31.32, below the 50-day MA of 32.44, and above the 200-day MA of 29.13, indicating a neutral trend. The MACD of 0.17 indicates Negative momentum. The RSI at 44.74 is Neutral, neither overbought nor oversold. The STOCH value of 23.39 is Neutral, 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$15.73B | 14.89 | 23.61% | 0.44% | 49.31% | 262.43% | |
77 Outperform | HK$86.12B | 17.50 | 27.52% | 0.54% | 48.74% | 56.71% | |
70 Outperform | HK$104.08B | 27.53 | 11.01% | 0.16% | 56.67% | 139.25% | |
64 Neutral | HK$31.46B | 13.75 | 33.81% | 1.40% | 10.57% | 112.84% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
55 Neutral | HK$178.98B | 33.06 | ― | 0.93% | ― | ― |
* Basic Materials Sector Average
HK:1818
Zhaojin Mining Industry Co
28.72
10.09
54.16%
HK:0340
Tongguan Gold Group Ltd.
2.89
1.69
140.03%
HK:3330
Lingbao Gold Group Company Ltd. Class H
20.34
11.90
141.05%
HK:1787
Shandong Gold Mining Co., Ltd. Class H
29.22
6.23
27.10%
HK:6693
Chifeng Jilong Gold Mining Co., Ltd. Class H
36.94
10.94
42.08%
HK:2259
Zijin Gold International Company Limited
152.20
14.70
10.69%
Zhaojin Mining Industry Co Corporate Events
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,...
Zhaojin Mining Seeks Major Increase in Silver Sales Cap With Connected Refinery
Feb 11, 2026
Zhaojin Mining Industry has moved to sharply increase the annual cap on its silver sales framework agreement with connected party Zhaojin Refinery, citing a significant rise in silver prices and higher anticipated transaction volumes through 2026....
Zhaojin Mining Reports Fatal Accident at Canzhuang Gold Mine, Sees Limited Financial Impact
Feb 10, 2026
Zhaojin Mining Industry Company Limited has disclosed a fatal cage drop accident in a blind shaft at the Shangzhuang mining area of its Canzhuang Gold Mine, which resulted in seven deaths and prompted activation of emergency procedures. The board ...
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.