China Hanking Holdings Ltd. (HK:3788)
:3788
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China Hanking Holdings Ltd.
(3788)
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Rating:48Neutral
Price Target:
HK$3.00
▼(-19.79% Downside)
Action:Reiterated
Date:04/16/26
The score is held back primarily by weakening financial performance—especially the 2025 deterioration in cash flow and margin compression—despite manageable leverage. Technical signals are also mildly bearish with price below key moving averages and negative MACD. Valuation provides limited support given the relatively high P/E and modest dividend yield.
Positive Factors
Manageable leverage
Debt-to-equity near 0.61 and a stable equity base provide structural financial flexibility for a cyclical miner. Manageable leverage supports capacity to fund working capital, sustain operations through downturns, and access financing for development without immediate solvency pressure.
Negative Factors
Negative free cash flow in 2025
A reversal to negative free cash flow is a durable red flag: it constrains the company's ability to fund capital expenditure, service debt, pay dividends, or invest in growth without external financing. Cash conversion volatility increases refinancing and operational risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Manageable leverage
Debt-to-equity near 0.61 and a stable equity base provide structural financial flexibility for a cyclical miner. Manageable leverage supports capacity to fund working capital, sustain operations through downturns, and access financing for development without immediate solvency pressure.
Read all positive factors
China Hanking Holdings Ltd. (3788) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$7.06B
Dividend Yield1.06%
Average Volume (3M)3.20M
Price to Earnings (P/E)24.7
Beta (1Y)0.77
Revenue Growth2.96%
EPS Growth-5.13%
CountryHK
Employees1,714
SectorBasic Materials
Sector Strength58
IndustrySteel
Share Statistics
EPS (TTM)0.08
Shares Outstanding2,241,000,000
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, 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
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
3.88
Negative
4.03
Negative
3.78
Negative
Market Momentum
-0.17
Positive
33.03
Neutral
6.23
Positive
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 3.60, below the 50-day MA of 3.88, and below the 200-day MA of 3.78, indicating a bearish trend. The MACD of -0.17 indicates Positive momentum. The RSI at 33.03 is Neutral, neither overbought nor oversold. The STOCH value of 6.23 is Positive, 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% | |
58 Neutral | HK$9.97B | 9.75 | 5.40% | 1.90% | -2.31% | 12.27% | |
48 Neutral | HK$7.06B | 24.73 | 10.15% | 1.06% | 2.96% | -5.13% | |
48 Neutral | HK$26.93B | 101.23 | -0.09% | ― | -4.43% | 99.48% | |
47 Neutral | HK$4.88B | 51.17 | 0.70% | 0.76% | -5.88% | 49.77% | |
44 Neutral | HK$13.71B | -12.31 | -18.53% | ― | -13.27% | 4.42% | |
43 Neutral | HK$20.97B | -2.14 | -11.13% | ― | -7.68% | 15.78% |
* Basic Materials Sector Average
HK:3788
China Hanking Holdings Ltd.
3.11
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165.81%
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8.33%
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39.26%
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Tiangong International Co. Ltd.
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Chongqing Iron & Steel Co., Ltd. Class H
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0.25
29.76%
China Hanking Holdings Ltd. Corporate Events
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...
Hanking Gold Wins Key Licence for Mt Bundy Gold Project in Australia
Apr 14, 2026
Hanking Gold International Limited has obtained approval of its mining management plan and a deemed mining licence from the Northern Territory Government’s Department of Lands, Planning and Environment for the Rustlers Roost and Quest 29 ope...
Hanking Gold Sets 2026 AGM to Renew Board, Auditor and Share Issuance Mandate
Apr 10, 2026
Hanking Gold International Limited has called its annual general meeting for 22 May 2026 in Shanghai to seek shareholder approval of its audited consolidated financial statements for the year ended 31 December 2025 and to consider key corporate go...
Hanking Gold to Take Full Control of Australian Gold Unit via Share Deal
Mar 26, 2026
Hanking Gold International Limited has agreed to acquire the remaining 9.56% of Hanking Gold Limited that it does not already own, lifting its stake to 100% and securing full control over its high-value Australian gold business. The transaction wi...
Hanking Gold Adds Veteran Mining Executive Tim Sun as Independent Director
Mar 25, 2026
Hanking Gold International Limited has appointed veteran mining executive Dr. Tim Sun as an independent non-executive director, effective 25 March 2026, strengthening its board with more than three decades of global mining, exploration, and capita...
Hanking Gold International Sets Out Board and Committee Structure
Mar 25, 2026
Hanking Gold International Limited has announced the current composition of its board of directors, detailing the roles of its executive, non-executive, and independent non-executive members, including the chief executive officer, chairman, and ot...
Hanking Gold Shifts Gold Strategy, Boosts Reserves Amid Mixed 2025 Earnings
Mar 25, 2026
Hanking Gold International Limited has reoriented its gold strategy by scrapping a planned spin-off listing of its gold business in Hong Kong and instead retaining the business within the listed company to accelerate development. The group will co...
Hanking Gold Sets March 2026 Board Meeting to Approve 2025 Results and Consider Dividend
Mar 11, 2026
Hanking Gold International Limited has scheduled a board meeting for 25 March 2026 to review and approve the group’s annual results for the year ended 31 December 2025. The board will also consider the declaration of a final dividend, a deci...
Hanking Gold Rebrands to Highlight Strategic Pivot to Gold Mining
Mar 6, 2026
Hanking Gold International Limited has officially changed its English and Chinese company names, stock short names, corporate logo and website, aligning its market identity more closely with its gold-focused business. Its shares will continue to t...
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.