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China Hanking Holdings Ltd.
(3788)
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Rating:48Neutral
Price Target:
HK$2.00
▼(-46.52% Downside)
Action:Reiterated
Date:05/29/26
The score is mainly held back by weakening financial quality—especially 2025’s negative free cash flow and compressed margins—along with a weak technical setup (price below key moving averages and bearish momentum). Valuation also provides limited support due to a high P/E and modest dividend yield.
Positive Factors
Vertical integration across mining and processing
Owning activities from exploration to beneficiation provides durable control over product quality, processing margins and logistics. This integration helps capture value across the chain, reduce third-party processing reliance and support longer-term contract negotiations with steel buyers.
Negative Factors
Negative free cash flow in 2025
A switch to negative free cash flow signals profits are not converting to cash, which can limit the company's ability to fund CAPEX, service debt, or return capital. Persistent FCF weakness raises structural liquidity risk and may force external financing.
Read all positive and negative factors
Positive Factors
Negative Factors
Vertical integration across mining and processing
Owning activities from exploration to beneficiation provides durable control over product quality, processing margins and logistics. This integration helps capture value across the chain, reduce third-party processing reliance and support longer-term contract negotiations with steel buyers.
Read all positive factors
China Hanking Holdings Ltd. (3788) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$5.26B
Dividend Yield1.06%
Average Volume (3M)3.20M
Price to Earnings (P/E)20.9
Beta (1Y)0.85
Revenue Growth2.96%
EPS Growth-5.13%
CountryHK
Employees1,724
SectorBasic Materials
Sector Strength58
IndustrySteel
Share Statistics
EPS (TTM)0.09
Shares Outstanding2,444,647,700
10 Day Avg. Volume2,848,828
30 Day Avg. Volume3,203,327
Financial Highlights & Ratios
PEG Ratio-6.37
Price to Book (P/B)3.42
Price to Sales (P/S)2.46
P/FCF Ratio-82.10
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 is an enterprise primarily focused on the entire value chain of mineral resources, encompassing exploration, extraction, processing, refining, and sales. Its operations span both the People's Republic of China and Au...
How the Company Makes Money
The company primarily makes money by producing and selling mineral products from its mining operations, with iron ore–related products being the core revenue driver. Revenue is generally generated when extracted ore is processed (e.g., crushed/ben...
China Hanking Holdings Ltd. Financial Statement Overview
Summary
Income Statement
55
Neutral
Balance Sheet
62
Positive
Cash Flow
40
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.56B | 2.48B | 3.03B | 2.60B | 3.13B |
| Gross Profit | 690.39M | 673.56M | 621.95M | 358.00M | 1.22B |
| EBITDA | 472.07M | 495.72M | 437.69M | 221.99M | 1.10B |
| Net Income | 172.15M | 180.94M | 151.80M | -51.30M | 658.96M |
Balance Sheet | |||||
| Total Assets | 4.04B | 3.59B | 3.61B | 3.36B | 3.81B |
| Cash, Cash Equivalents and Short-Term Investments | 1.29B | 359.93M | 664.94M | 249.81M | 280.49M |
| Total Debt | 1.12B | 905.00M | 789.02M | 608.17M | 645.97M |
| Total Liabilities | 2.10B | 2.15B | 2.16B | 2.08B | 2.24B |
| Stockholders Equity | 1.84B | 1.43B | 1.40B | 1.27B | 1.56B |
Cash Flow | |||||
| Free Cash Flow | -76.60M | 40.38M | 185.36M | 38.91M | 781.52M |
| Operating Cash Flow | 112.52M | 178.67M | 318.96M | 194.06M | 1.00B |
| Investing Cash Flow | -381.16M | -68.22M | -114.97M | -43.68M | -489.96M |
| Financing Cash Flow | 284.30M | -22.01M | -67.16M | -298.89M | -421.44M |
China Hanking Holdings Ltd. Technical Analysis
Negative
3.74
Price Trends
2.73
Negative
3.37
Negative
3.75
Negative
Market Momentum
-0.13
Negative
39.30
Neutral
47.77
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3788, the sentiment is Negative. The current price of 3.74 is above the 20-day moving average (MA) of 2.29, above the 50-day MA of 2.73, and below the 200-day MA of 3.75, indicating a bearish trend. The MACD of -0.13 indicates Negative momentum. The RSI at 39.30 is Neutral, neither overbought nor oversold. The STOCH value of 47.77 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
51 Neutral | HK$1.22B | -21.62 | -55.31% | ― | -37.53% | -2640.00% | |
51 Neutral | HK$918.90M | 16.24 | 1.06% | 2.77% | 1.14% | 28.45% | |
51 Neutral | HK$146.19M | -562.58 | -3.20% | ― | 2.86% | 99.00% | |
48 Neutral | HK$5.26B | 20.93 | 10.22% | 1.06% | 2.96% | -5.13% | |
47 Neutral | HK$3.98B | 27.89 | 0.70% | 0.76% | -5.88% | 49.77% | |
42 Neutral | HK$117.97M | -0.61 | -46.62% | ― | 12.93% | 83.72% |
* Basic Materials Sector Average
HK:3788
China Hanking Holdings Ltd.
2.15
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-16.02%
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-15.58%
China Hanking Holdings Ltd. Corporate Events
Hanking Gold Pledges RMB3 Million for Fushun Flood Relief and Reconstruction
Jul 17, 2026
Hanking Gold International Limited, a Cayman Islands-based mining group operating in Fushun, Liaoning through its wholly owned subsidiary Fushun Hanking Aoniu Mining, has long positioned itself as a community-focused enterprise. The company stress...
Hanking Gold Wins Key Approval to Restart Underground Mining at Cygnet Project
Jun 22, 2026
Hanking Gold International has secured regulatory approval from Western Australia’s Department of Mines, Petroleum and Exploration for underground mining activities at its Cygnet Gold Project, covering the Copperhead and Golden Pig operation...
Hanking Gold Wins Full Shareholder Backing at 2026 General Meetings
May 22, 2026
Hanking Gold International Limited reported that all resolutions proposed at its annual and extraordinary general meetings on 22 May 2026 were approved by shareholders via poll. The votes endorsed the 2025 audited financial statements, re-election...
Hanking Gold Starts Construction at Mt Bundy as It Targets Mid-Tier Producer Status
May 20, 2026
Hanking Gold International Limited has begun construction of an access road, a 258-worker mine camp and related infrastructure at its Mt Bundy Gold Project, about 100 kilometres south-east of Darwin in Australia’s Northern Territory. The pro...
Hanking Gold Calls May EGM to Approve Share-Funded Stake Acquisition
Apr 23, 2026
Hanking Gold International Limited has called an extraordinary general meeting in Shanghai on 22 May 2026 for shareholders to vote on a proposed acquisition of a 9.56% stake in a target company. The deal will be settled through the planned issuanc...
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.