China Hanking Holdings Ltd. (HK:3788)
:3788
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China Hanking Holdings Ltd.
(3788)
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Rating:60Neutral
Price Target:
HK$4.50
▲(20.32% Upside)
Action:ReiteratedDate:02/04/26
The score is driven mainly by mixed financial performance—improving profitability and a stable balance sheet offset by declining revenue and weaker free cash flow. Technicals are moderately positive but not strong, while valuation is a key headwind due to the high P/E and low dividend yield.
Positive Factors
Improving Profitability
Margins have meaningfully improved (net margin 7.3%, EBIT margin 15%), indicating stronger cost control and operational efficiency. Sustained margin expansion supports durable earnings power and resilience through commodity cycles, improving long-term cash generation potential.
Negative Factors
Declining Revenue
An 18% revenue decline in 2024 signals demand or sales-volume weakness and raises concern about top-line sustainability. Persistent or recurrent revenue contractions reduce scale benefits, make fixed-cost coverage harder, and limit durable growth prospects over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving Profitability
Margins have meaningfully improved (net margin 7.3%, EBIT margin 15%), indicating stronger cost control and operational efficiency. Sustained margin expansion supports durable earnings power and resilience through commodity cycles, improving long-term cash generation potential.
Read all positive factors
China Hanking Holdings Ltd. (3788) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$9.50B
Dividend Yield1.06%
Average Volume (3M)3.20M
Price to Earnings (P/E)37.5
Beta (1Y)0.63
Revenue Growth-6.73%
EPS Growth-21.30%
CountryHK
Employees1,714
SectorBasic Materials
Sector Strength58
IndustrySteel
Share Statistics
EPS (TTM)0.04
Shares Outstanding2,241,000,000
10 Day Avg. Volume2,848,828
30 Day Avg. Volume3,203,327
Financial Highlights & Ratios
PEG Ratio0.39
Price to Book (P/B)0.97
Price to Sales (P/S)0.56
P/FCF Ratio34.39
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)N/A
Revenue Forecast (FY)N/A
China Hanking Holdings Ltd. Business Overview & Revenue Model
Company Description
China Hanking Holdings Limited, together with its subsidiaries, engages in the exploration, mining, processing, smelting, and marketing of mineral resources in the People's Republic of China and Australia. The company operates three iron ore mines...
How the Company Makes Money
China Hanking Holdings Ltd. generates revenue primarily through the mining and sale of gold. The company operates several mines, where it extracts gold and other minerals, which are then processed and sold to various markets, including domestic an...
China Hanking Holdings Ltd. Financial Statement Overview
Summary
Income Statement
65
Positive
Balance Sheet
72
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.62B | 2.48B | 3.03B | 2.60B | 3.13B | 2.68B |
| Gross Profit | 687.36M | 673.56M | 621.95M | 358.00M | 1.22B | 917.98M |
| EBITDA | 485.63M | 495.72M | 437.69M | 221.99M | 1.10B | 771.49M |
| Net Income | 177.79M | 180.94M | 151.80M | -51.30M | 658.96M | 379.44M |
Balance Sheet | ||||||
| Total Assets | 4.05B | 3.59B | 3.61B | 3.36B | 3.81B | 3.26B |
| Cash, Cash Equivalents and Short-Term Investments | 449.87M | 359.93M | 664.94M | 249.81M | 280.49M | 181.24M |
| Total Debt | 1.10B | 905.00M | 789.02M | 608.17M | 645.97M | 743.87M |
| Total Liabilities | 2.51B | 2.15B | 2.16B | 2.08B | 2.24B | 2.10B |
| Stockholders Equity | 1.53B | 1.43B | 1.40B | 1.27B | 1.56B | 1.16B |
Cash Flow | ||||||
| Free Cash Flow | -84.93M | 40.38M | 185.36M | 38.91M | 781.52M | 817.63M |
| Operating Cash Flow | -45.98M | 178.67M | 318.96M | 194.06M | 1.00B | 939.57M |
| Investing Cash Flow | -420.94M | -68.22M | -114.97M | -43.68M | -489.96M | -497.18M |
| Financing Cash Flow | 572.52M | -22.01M | -67.16M | -298.89M | -421.44M | -301.26M |
China Hanking Holdings Ltd. Technical Analysis
Positive
3.74
Price Trends
4.25
Negative
4.05
Positive
3.58
Positive
Market Momentum
-0.05
Negative
53.48
Neutral
85.01
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3788, the sentiment is Positive. The current price of 3.74 is below the 20-day moving average (MA) of 4.08, below the 50-day MA of 4.25, and above the 200-day MA of 3.58, indicating a neutral trend. The MACD of -0.05 indicates Negative momentum. The RSI at 53.48 is Neutral, neither overbought nor oversold. The STOCH value of 85.01 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:3788.
China Hanking Holdings Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | HK$9.27B | 6.14 | 5.26% | 1.90% | -10.53% | 13.93% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
60 Neutral | HK$9.50B | 37.50 | 10.15% | 1.06% | -6.73% | -21.30% | |
53 Neutral | HK$4.76B | 11.95 | 0.70% | 0.76% | -14.11% | ― | |
46 Neutral | HK$29.44B | -15.06 | -0.88% | ― | -10.10% | 10.40% | |
44 Neutral | HK$22.80B | -3.91 | -8.87% | ― | -9.09% | 34.73% | |
44 Neutral | HK$13.74B | -3.42 | -12.51% | ― | -14.20% | 8.19% |
* Basic Materials Sector Average
HK:3788
China Hanking Holdings Ltd.
4.24
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404.76%
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Tiangong International Co. Ltd.
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89.63%
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57.75%
China Hanking Holdings Ltd. Corporate Events
China Hanking Completes HK$3.80-per-Share Subscription and Placing of New Shares
Jan 29, 2026
China Hanking Holdings Limited has raised new equity capital through the issuance of shares under its existing general mandate, reinforcing its financial position without altering its substantial shareholder base. The company completed a subscript...
China Hanking Calls EGM to Approve Rebranding as Hanking Gold International
Jan 23, 2026
China Hanking Holdings Limited has called an extraordinary general meeting (EGM) for 12 February 2026 in Shenyang to seek shareholder approval for a special resolution to change its English name to Hanking Gold International Limited and its dual f...
China Hanking to Raise HK$167 Million via Discounted Share Subscription
Jan 22, 2026
China Hanking Holdings Limited has entered into separate subscription agreements with four investors to issue and allot a total of 43.96 million new shares under its general mandate at HK$3.80 per share, representing discounts of about 18.28%, 16....
China Hanking Overhauls Leadership to Accelerate Shift Toward Gold Production
Jan 14, 2026
China Hanking Holdings Limited announced a sweeping leadership reshuffle effective 14 January 2026, including the resignation of chairman, chief executive officer and president Mr. Yang Jiye and executive director and chief operating officer Mr. Z...
China Hanking Announces Board and Committee Structure Update
Jan 14, 2026
China Hanking Holdings Limited has announced the current composition of its board of directors, comprising executive, non-executive, and independent non-executive directors, reflecting a typical governance structure for a Hong Kong-listed company....
China Hanking Proposes Rebranding as Hanking Gold International
Jan 14, 2026
China Hanking Holdings Limited plans to change its English name to Hanking Gold International Limited and adopt a new Chinese name, subject to shareholder approval at an extraordinary general meeting and approval by the Cayman Islands Registrar of...
China Hanking Boosts Gold Reserves and Unlocks New High‑Grade Potential at Hanking Gold Projects
Jan 14, 2026
China Hanking Holdings has announced strategic changes at its Hanking Gold operations following major technical advances at its Australian projects, highlighted by a 53.1% increase in JORC Ore Reserves to 2.62 million ounces and a total JORC gold ...
China Hanking Boosts Hanking Gold JORC Ore Reserves by 53% to 2.62 Moz
Jan 11, 2026
China Hanking Holdings Limited announced a substantial upgrade to its gold inventory, with Hanking Gold’s combined JORC Ore Reserve rising 53.1% to 2.62 million ounces and total JORC gold resources increasing to 5.54 million ounces following...
China Hanking Wins Key Dewatering Approval for Copperhead Underground Gold Mine
Dec 29, 2025
China Hanking Holdings Limited has secured works approval from Western Australia’s Department of Water and Environmental Regulation to dewater the high-grade Copperhead underground gold mine at its Cygnet gold project, enabling the construct...
China Hanking Signs RMB6.3 Million Connected Lease for Shenyang Offices
Dec 23, 2025
China Hanking Holdings’ indirect wholly owned subsidiary Hanking Ginseng Iron has entered into a three-year lease for multiple floors and a podium in Hanking Tower in Shenyang, covering about 3,477 square metres from 1 January 2026 to 31 Dec...
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.