Zhaojin Mining Industry Co Ltd Class H (HK:1818)
:1818
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Zhaojin Mining Industry Co
(1818)
Select Model
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Rating:64Neutral
Price Target:
HK$36.00
▲(10.84% Upside)
Action:ReiteratedDate:02/03/26
Overall score is primarily supported by strong revenue/profit growth and healthy operating margins, tempered by the lack of 2024 cash flow visibility and only stable (not exceptional) balance sheet returns. Technicals are mixed-to-weak in the near term (below 20-day average with sub-50 RSI), while valuation is constrained by a high P/E despite a very high dividend yield.
Positive Factors
Revenue Growth
Sustained double-digit top-line growth signals expanding production or stronger realized prices, improving scale economics. Over the medium term this revenue momentum supports capacity investments, reserve development and potential margin durability, underpinning stronger future cash flows if converted.
Negative Factors
Cash Flow Visibility
Reported zero operating and free cash flow for the latest year undermines confidence that profits convert to cash. Lack of reliable cash generation hampers ability to sustain dividends, fund capex or service debt from operations, increasing reliance on external financing and raising medium-term execution risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained double-digit top-line growth signals expanding production or stronger realized prices, improving scale economics. Over the medium term this revenue momentum supports capacity investments, reserve development and potential margin durability, underpinning stronger future cash flows if converted.
Read all positive factors
Zhaojin Mining Industry Co (1818) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$115.06B
Dividend Yield0.16%
Average Volume (3M)14.02M
Price to Earnings (P/E)27.5
Beta (1Y)0.50
Revenue Growth44.37%
EPS Growth125.87%
CountryHK
Employees7,036
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)0.67
Shares Outstanding2,881,555,700
10 Day Avg. Volume9,068,964
30 Day Avg. Volume14,017,398
Financial Highlights & Ratios
PEG Ratio0.44
Price to Book (P/B)2.01
Price to Sales (P/S)3.69
P/FCF Ratio133.97
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$44.20Price Target Upside36.08% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
EPS Forecast (FY)1.75
Revenue Forecast (FY)HK$22.32B
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 generates revenue primarily through the extraction and sale of gold and other mineral resources. The company's revenue model is based on the production volume of gold, which is sold in both domestic and international markets. Key re...
Zhaojin Mining Industry Co Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
72
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 14.79B | 11.55B | 8.42B | 7.89B | 6.86B | 7.65B |
| Gross Profit | 5.57B | 4.52B | 3.24B | 2.66B | 2.69B | 3.62B |
| EBITDA | 3.72B | 4.03B | 2.69B | 2.23B | 1.73B | 2.89B |
| Net Income | 2.46B | 1.45B | 686.43M | 401.95M | 33.70M | 1.05B |
Balance Sheet | ||||||
| Total Assets | 58.27B | 53.57B | 46.87B | 45.89B | 43.02B | 39.69B |
| Cash, Cash Equivalents and Short-Term Investments | 5.51B | 3.59B | 4.44B | 5.11B | 4.24B | 2.86B |
| Total Debt | 20.44B | 20.05B | 17.79B | 18.81B | 16.91B | 17.45B |
| Total Liabilities | 30.68B | 28.38B | 24.62B | 25.84B | 23.29B | 22.63B |
| Stockholders Equity | 23.47B | 21.18B | 18.86B | 16.61B | 16.30B | 13.55B |
Cash Flow | ||||||
| Free Cash Flow | 2.54B | 318.48M | 283.10M | -768.09M | 419.97M | 2.21B |
| Operating Cash Flow | 4.11B | 2.38B | 1.83B | 692.97M | 2.80B | 3.63B |
| Investing Cash Flow | -1.96B | -6.35B | -1.96B | -1.96B | -2.88B | -1.94B |
| Financing Cash Flow | -1.85B | 3.11B | -551.68M | 1.83B | 1.24B | -3.27B |
Zhaojin Mining Industry Co Technical Analysis
Positive
32.48
Price Trends
33.41
Negative
32.24
Positive
28.63
Positive
Market Momentum
-0.36
Negative
53.46
Neutral
84.54
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1818, the sentiment is Positive. The current price of 32.48 is above the 20-day moving average (MA) of 30.84, below the 50-day MA of 33.41, and above the 200-day MA of 28.63, indicating a neutral trend. The MACD of -0.36 indicates Negative momentum. The RSI at 53.46 is Neutral, neither overbought nor oversold. The STOCH value of 84.54 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
74 Outperform | HK$16.37B | 14.89 | 23.61% | 0.44% | 6.76% | 239.14% | |
66 Neutral | HK$978.78B | 16.09 | 30.60% | 1.55% | 9.69% | 54.43% | |
66 Neutral | HK$36.89B | 13.75 | 33.81% | 1.40% | 70.92% | 249.45% | |
64 Neutral | HK$115.06B | 27.53 | 11.01% | 0.16% | 44.37% | 125.87% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
55 Neutral | HK$198.44B | 33.06 | ― | 0.93% | 36.74% | 36.49% | |
40 Underperform | HK$834.97M | -31.17 | -1.02% | ― | ― | -25.51% |
* Basic Materials Sector Average
HK:1818
Zhaojin Mining Industry Co
32.48
18.84
138.07%
HK:2899
Zijin Mining Group Co
35.32
21.35
152.77%
HK:0340
Tongguan Gold Group Ltd.
3.08
2.23
260.23%
HK:3330
Lingbao Gold Group Company Ltd. Class H
27.28
21.16
345.61%
HK:1787
Shandong Gold Mining Co., Ltd. Class H
33.44
16.55
97.99%
HK:0621
Taung Gold International Limited
0.46
-0.17
-26.98%
Zhaojin Mining Industry Co Corporate Events
Zhaojin Mining Doubles IT Service Caps, Signs New Procurement Deal With Controlling Shareholder
Dec 31, 2025
Zhaojin Mining Industry Company Limited has revised upward the annual caps under its Informatization Services Framework Agreement, reflecting higher-than-expected demand for IT services from controlling shareholder Zhaojin Group. The cap for 2025 ...
Zhaojin Mining Partners with Ant Digital for Blockchain and AI Integration
Nov 3, 2025
Zhaojin Mining Industry Co. announced a strategic collaboration with Ant Digital Technologies, a division of Ant Group, to leverage blockchain and AI technologies. This partnership aims to digitize overseas gold assets, enhance supply chain manage...
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.