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Wanguo International Mining Group Ltd.
(3939)
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Rating:81Outperform
Price Target:
HK$14.50
▼(-58.85% Downside)
Action:Reiterated
Date:08/09/26
The score is driven primarily by very strong financial performance (surging profitability and a low-debt balance sheet). Technicals are supportive with a clear uptrend, though momentum is nearing overbought levels. The main offset is valuation: a relatively high P/E and modest dividend yield reduce the attractiveness of the entry price.
Positive Factors
Low Leverage
Very low debt provides durable downside protection through commodity cycles, preserves borrowing capacity for capex or M&A, and lowers refinancing risk. For a cyclical mining business this structural conservatism supports long-term financial flexibility and resilience.
Negative Factors
Commodity Cyclicality
Dependence on lead and zinc prices creates ongoing revenue and earnings volatility that can persist for months or years. This structural cyclicality complicates forecasting, pressures margins in downturns, and may force countercyclical capex or working-capital swings.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage
Very low debt provides durable downside protection through commodity cycles, preserves borrowing capacity for capex or M&A, and lowers refinancing risk. For a cyclical mining business this structural conservatism supports long-term financial flexibility and resilience.
Read all positive factors
Wanguo International Mining Group Ltd. (3939) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$56.20B
Dividend Yield0.86%
Average Volume (3M)14.88M
Price to Earnings (P/E)35.5
Beta (1Y)0.50
Revenue Growth79.09%
EPS Growth83.65%
CountryHK
Employees1,317
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)0.31
Shares Outstanding4,425,308,600
10 Day Avg. Volume21,436,429
30 Day Avg. Volume14,879,475
Financial Highlights & Ratios
PEG Ratio0.25
Price to Book (P/B)6.37
Price to Sales (P/S)9.51
P/FCF Ratio38.64
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$15.75Price Target Upside-55.31% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.55
Revenue Forecast (FY)HK$5.44B
Wanguo International Mining Group Ltd. Business Overview & Revenue Model
Company Description
Wanguo International Mining Group Limited functions as an investment holding company, primarily engaged in mineral extraction, ore processing, and the marketing of concentrate products within the People's Republic of China. Its product portfolio e...
How the Company Makes Money
The company makes money mainly by producing and selling mineral products, primarily lead and zinc concentrates. Its revenue model is driven by (1) volumes mined and processed (ore throughput and recovery rates), and (2) realized commodity prices f...
Wanguo International Mining Group Ltd. Financial Statement Overview
Summary
Income Statement
90
Very Positive
Balance Sheet
92
Very Positive
Cash Flow
84
Very Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 3.16B | 1.88B | 1.32B | 681.42M | 2.01B |
| Gross Profit | 2.35B | 996.99M | 619.24M | 315.68M | 316.21M |
| EBITDA | 2.11B | 903.24M | 532.32M | 271.18M | 275.72M |
| Net Income | 1.35B | 575.38M | 335.39M | 180.54M | 193.43M |
Balance Sheet | |||||
| Total Assets | 6.24B | 4.14B | 2.36B | 2.04B | 1.80B |
| Cash, Cash Equivalents and Short-Term Investments | 2.74B | 1.85B | 171.61M | 67.94M | 116.29M |
| Total Debt | 131.73M | 263.71M | 205.05M | 189.66M | 128.45M |
| Total Liabilities | 1.06B | 681.88M | 601.14M | 588.36M | 471.35M |
| Stockholders Equity | 4.72B | 3.13B | 1.41B | 1.15B | 1.04B |
Cash Flow | |||||
| Free Cash Flow | 777.88M | 644.23M | 192.26M | -15.60M | -86.01M |
| Operating Cash Flow | 1.46B | 843.28M | 350.00M | 166.97M | 145.92M |
| Investing Cash Flow | -1.04B | -1.56B | -159.06M | -182.35M | -226.92M |
| Financing Cash Flow | 89.19M | 1.05B | -87.66M | -34.27M | 160.71M |
Wanguo International Mining Group Ltd. Technical Analysis
Positive
35.24
Price Trends
10.03
Positive
11.02
Positive
11.02
Positive
Market Momentum
0.73
Negative
64.17
Neutral
67.91
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3939, the sentiment is Positive. The current price of 35.24 is above the 20-day moving average (MA) of 11.34, above the 50-day MA of 10.03, and above the 200-day MA of 11.02, indicating a bullish trend. The MACD of 0.73 indicates Negative momentum. The RSI at 64.17 is Neutral, neither overbought nor oversold. The STOCH value of 67.91 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:3939.
Wanguo International Mining Group Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | HK$56.20B | 35.47 | 32.96% | 1.32% | 79.09% | 83.65% | |
74 Outperform | HK$24.12B | 7.23 | 23.50% | 5.30% | 37.79% | 61.16% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
59 Neutral | HK$458.29B | 16.93 | 29.93% | 1.94% | 8.77% | 60.69% | |
55 Neutral | HK$3.89B | 22.81 | 2.08% | 5.71% | 57.56% | -70.23% | |
50 Neutral | HK$28.62B | 87.07 | 38.62% | ― | ― | ― | |
44 Neutral | HK$1.95B | -15.63 | -5.27% | ― | ― | ― |
* Basic Materials Sector Average
HK:3939
Wanguo International Mining Group Ltd.
13.00
4.41
51.37%
HK:3993
CMOC Group
17.09
6.58
62.56%
HK:0769
China Rare Earth Holdings
0.70
0.00
0.00%
HK:1205
CITIC Resources Holdings
0.50
0.08
19.05%
HK:2245
Lygend Resources & Technology Co., Ltd. Class H
16.36
1.81
12.45%
HK:3858
Jiaxin International Resources Investment Limited
61.55
31.55
105.17%
Wanguo International Mining Group Ltd. Corporate Events
Wanguo Gold Schedules Board Meeting to Approve Interim Results and Consider Dividend
Aug 5, 2026
Wanguo Gold Group Limited has scheduled a board meeting for 17 August 2026 to review and approve its interim results for the six months ended 30 June 2026, and to authorize their publication. The Board will also discuss whether to recommend an int...
Wanguo Gold Signals Profit Surge With Positive Earnings Alert
Aug 4, 2026
Wanguo Gold Group Limited, a Cayman-incorporated gold mining company listed in Hong Kong under stock code 3939, operates through a group structure focused on gold-related businesses in the regional precious metals market. The company’s board...
Wanguo Gold Clarifies Non-Operational Slope Failure at Gold Ridge Mine
Jul 27, 2026
Wanguo Gold Group Limited has moved to clarify online reports about a localized slope failure at its Gold Ridge Mine in the Solomon Islands. The incident occurred on a non-operational bench at the North Pit 1 area in the early hours of July 27, 20...
Wanguo Gold Group Clarifies Board and Committee Structure
Jun 5, 2026
Wanguo Gold Group Limited has detailed the current composition of its board, naming four executive directors, one non-executive director and three independent non-executive directors, with Chairman and CEO roles held by Gao Mingqing. This structur...
Wanguo Gold Wins Shareholder Backing for Dividend, Board Mandates at AGM
Jun 5, 2026
Wanguo Gold Group Limited announced that all resolutions at its 5 June 2026 annual general meeting were approved by shareholders, including adoption of the 2025 audited financial statements and the declaration of a final dividend of RMB10.10 cents...
Wanguo Gold Shifts AGM Venue Within Hong Kong Hotel After Maintenance Issue
Jun 3, 2026
Wanguo Gold Group Limited has changed the venue for its upcoming annual general meeting due to unforeseen maintenance on the air-conditioning system at the original conference room in Oasis Aurum 181 Hotel in Hong Kong. The meeting will now be hel...
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.