Lingbao Gold Group Company Ltd. Class H (HK:3330)
:3330
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Lingbao Gold Group Company Ltd. Class H
(3330)
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Rating:64Neutral
Price Target:
HK$20.00
▲(5.93% Upside)
Action:Reiterated
Date:04/21/26
The score is primarily driven by improved profitability and a stronger balance-sheet trend, tempered by weak cash-flow quality (poor cash conversion and negative 2025 free cash flow) and a 2025 revenue decline. Technicals are mixed (near-term softness but longer-term trend support), while valuation is reasonable at ~13.7x earnings with a low (~1.0%) dividend yield.
Positive Factors
Margin Improvement
Sustained margin expansion to mid-teens indicates stronger cost control and pricing power in operations. Higher operating and net margins create a durable earnings buffer through commodity cycles, improving cash-generation potential and long-term return on capital if maintained.
Negative Factors
Weak Cash Conversion
Low OCF-to-profit implies earnings are not converting into cash, likely from working-capital drag or non-cash gains. This undermines sustainable funding for capex, debt service and dividends, and contributed to a swing to negative free cash flow in 2025, weakening financial flexibility.
Read all positive and negative factors
Positive Factors
Negative Factors
Margin Improvement
Sustained margin expansion to mid-teens indicates stronger cost control and pricing power in operations. Higher operating and net margins create a durable earnings buffer through commodity cycles, improving cash-generation potential and long-term return on capital if maintained.
Read all positive factors
Lingbao Gold Group Company Ltd. Class H (3330) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$26.14B
Dividend Yield1.4%
Average Volume (3M)9.94M
Price to Earnings (P/E)6.0
Beta (1Y)0.54
Revenue Growth10.57%
EPS Growth112.84%
CountryHK
Employees3,618
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)1.20
Shares Outstanding1,200,790,400
10 Day Avg. Volume11,054,868
30 Day Avg. Volume9,941,256
Financial Highlights & Ratios
PEG Ratio0.12
Price to Book (P/B)4.21
Price to Sales (P/S)1.56
P/FCF Ratio-358.69
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)1.96
Revenue Forecast (FY)HK$18.85B
Lingbao Gold Group Company Ltd. Class H Business Overview & Revenue Model
Company Description
Lingbao Gold Group Company Ltd., together with its subsidiaries, primarily engages in gold mining, smelting, and refining in the People's Republic of China. The company's products include gold bullion, silver, copper products, and sulphuric acid. ...
How the Company Makes Money
Lingbao Gold Group primarily makes money by producing and selling gold products. Revenue is mainly generated from (1) sales of refined gold and other gold products produced from ore mined from its own mines and/or processed through its beneficiati...
Lingbao Gold Group Company Ltd. Class H Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
46
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 13.14B | 11.87B | 10.53B | 10.13B | 5.33B |
| Gross Profit | 2.82B | 1.46B | 969.90M | 785.10M | 587.81M |
| EBITDA | 2.64B | 1.29B | 746.60M | 711.95M | 562.95M |
| Net Income | 1.54B | 698.00M | 318.08M | 240.22M | 130.03M |
Balance Sheet | |||||
| Total Assets | 10.84B | 7.22B | 6.84B | 6.90B | 7.00B |
| Cash, Cash Equivalents and Short-Term Investments | 2.14B | 411.86M | 329.29M | 233.23M | 209.73M |
| Total Debt | 3.23B | 2.67B | 2.87B | 3.70B | 3.59B |
| Total Liabilities | 6.05B | 4.06B | 4.40B | 5.01B | 5.26B |
| Stockholders Equity | 4.88B | 3.39B | 2.66B | 2.10B | 1.93B |
Cash Flow | |||||
| Free Cash Flow | -57.31M | 308.33M | 22.11M | 152.85M | 435.61M |
| Operating Cash Flow | 980.15M | 851.29M | 467.03M | 554.30M | 670.31M |
| Investing Cash Flow | -1.40B | -623.91M | -436.99M | -406.83M | -353.84M |
| Financing Cash Flow | 1.46B | -205.75M | 53.05M | -135.66M | -287.80M |
Lingbao Gold Group Company Ltd. Class H Technical Analysis
Negative
18.88
Price Trends
24.51
Negative
23.45
Negative
19.54
Negative
Market Momentum
-1.34
Positive
35.69
Neutral
4.96
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3330, the sentiment is Negative. The current price of 18.88 is below the 20-day moving average (MA) of 21.77, below the 50-day MA of 24.51, and below the 200-day MA of 19.54, indicating a bearish trend. The MACD of -1.34 indicates Positive momentum. The RSI at 35.69 is Neutral, neither overbought nor oversold. The STOCH value of 4.96 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:3330.
Lingbao Gold Group Company Ltd. Class H Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | HK$13.07B | 7.46 | 23.61% | 0.44% | 49.31% | 262.43% | |
77 Outperform | HK$78.12B | 17.50 | 27.52% | 0.54% | 48.74% | 56.71% | |
67 Neutral | HK$82.33B | 11.44 | 17.43% | 0.16% | 56.67% | 139.25% | |
64 Neutral | HK$26.14B | 6.03 | 33.81% | 1.40% | 10.57% | 112.84% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
59 Neutral | HK$156.48B | 24.52 | 15.21% | 0.93% | ― | ― | |
54 Neutral | HK$4.23B | 21.71 | 15.12% | ― | 59.18% | 28.00% |
* Basic Materials Sector Average
HK:3330
Lingbao Gold Group Company Ltd. Class H
17.99
8.55
90.59%
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:1787
Shandong Gold Mining Co., Ltd. Class H
25.00
0.08
0.32%
HK:8299
Grand T G Gold Holdings Ltd
0.40
0.20
100.00%
HK:6693
Chifeng Jilong Gold Mining Co., Ltd. Class H
33.88
5.14
17.90%
Lingbao Gold Group Company Ltd. Class H Corporate Events
Lingbao Gold Plans Modest H-Share Buyback to Support Incentive Mechanisms
Apr 29, 2026
Lingbao Gold Group has announced its intention to conduct on-market repurchases of up to 6,910,937 H shares, representing about 0.50% of its total share capital and 0.58% of issued H shares, under an existing and to-be-renewed repurchase mandate. ...
Lingbao Gold Raises HK$770.6 Million to Fund Aggressive Gold Mining Expansion
Apr 22, 2026
Lingbao Gold Group has completed a placing of 29,816,000 existing H shares and a top-up subscription of an equal number of new H shares under its general mandate, raising net proceeds of about HK$770.6 million from professional institutional and i...
Lingbao Gold flags stable Q1 profit as convertible bond accounting masks core gains
Apr 21, 2026
Lingbao Gold Group expects to report a net profit of at least RMB250 million for the first quarter of 2026, broadly in line with the prior year, supported by steady production, ongoing cost controls and higher gold prices. However, this performanc...
Lingbao Gold Details Use of HK$770.6 Million Share Placement Proceeds for Overseas Gold Expansion
Apr 17, 2026
Lingbao Gold Group has clarified how it will use the roughly HK$770.6 million in net proceeds from its recent top-up subscription of new H shares, earmarking the funds primarily for overseas expansion of its gold mining business and general workin...
Lingbao Gold Calls 2025 AGM, Seeks Broader Capital and Share Buyback Mandates
Apr 17, 2026
Lingbao Gold Group Company Ltd., a PRC-based gold producer listed on the Hong Kong Stock Exchange, operates in the precious metals industry with a focus on gold mining and processing. Its H-share structure connects mainland operations with interna...
Lingbao Gold Raises HK$770.6 Million via Discounted H-Share Placing and Top-Up Subscription
Apr 14, 2026
Lingbao Gold Group has arranged a placing of 29,816,000 existing H shares by a major shareholder and a matching subscription for the same number of new H shares under its general mandate. The transaction, representing about 2.2% of the companyR...
Lingbao Gold Completes Equity Subscription to Gain Control of Target Company
Apr 2, 2026
Lingbao Gold Group Company Ltd. has completed a previously announced equity subscription, following satisfaction or waiver of all pre-conditions under an equity placing agreement. The transaction gives the company 50% plus one share in a target fi...
Lingbao Gold Profit More Than Doubles in 2025 as Revenue Climbs and Governance Changes Loom
Mar 26, 2026
Lingbao Gold Group reported a sharp improvement in 2025 performance, with revenue rising to RMB 13.14 billion from RMB 11.87 billion and gross profit nearly doubling to RMB 2.82 billion on stronger margins. Net profit attributable to shareholders ...
Lingbao Gold Group Proposes 2025 Final Dividend and Details Withholding Tax for H-Shareholders
Mar 26, 2026
Lingbao Gold Group Company Ltd. has proposed a final ordinary dividend of RMB 0.05 per share for the financial year ended 31 December 2025, subject to shareholder approval on 19 May 2026. The dividend, to be paid in Hong Kong dollars with the exac...
Lingbao Gold Sets March 2026 Board Meeting to Approve 2025 Results and Consider Dividend
Mar 16, 2026
Lingbao Gold Group Company Ltd. has scheduled a board meeting for 26 March 2026 to review and approve the annual results of the company and its subsidiaries for the financial year ended 31 December 2025. At the same meeting, the board will also co...
Lingbao Gold Group H Shares to Join Hang Seng Composite Index
Mar 9, 2026
Lingbao Gold Group’s H shares have been selected for inclusion in the Hang Seng Composite Index, effective 9 March 2026, placing the company among the top 95% of Main Board-listed firms in Hong Kong by market capitalization. The index is wid...
Lingbao Gold’s H Shares Added to Shanghai and Shenzhen Stock Connect
Mar 9, 2026
Lingbao Gold Group Company Ltd., a PRC-based gold producer listed in Hong Kong, operates in the precious metals and mining industry, with its H shares providing investors exposure to China’s gold sector. The company leverages Hong Kong’...
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.