Chifeng Jilong Gold Mining Co., Ltd. Class H (6693) AI Stock Analysis

• Market Cap: HK$80.05B
• Dividend Yield: 0.54%
• Average Volume (3M): 5.68M
• Price to Earnings (P/E): 24.2
• Beta (1Y): -0.16
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: HK
• Employees: 6,911
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): 0.55
• Shares Outstanding: 236,499,800
• 10 Day Avg. Volume: 6,389,737
• 30 Day Avg. Volume: 5,677,052
• PEG Ratio: 0.10
• Price to Book (P/B): 2.68
• Price to Sales (P/S): 2.35
• P/FCF Ratio: 12.15
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 78 Outperform
• Price Target: HK$45.00 ▲(41.87% Upside)

The score is driven primarily by strong financial performance (profitability, growth, low leverage, and high ROE) and supportive technical momentum (price above key moving averages with positive MACD). These positives are tempered by a relatively high P/E and a low dividend yield, alongside some cash-flow conversion variability.

Positive Factors

High margins and revenue growth

Sustained high gross and net margins with double-digit revenue growth indicate the company converts production into profitable sales efficiently. This margin profile supports durable cash generation and reinvestment capacity across commodity cycles over the next 2–6 months.

Conservative, improving balance sheet

Very low leverage and improving debt metrics provide financial flexibility to fund operations, capital projects, or absorb price shocks without forced asset sales. Strong ROE signals effective capital use, supporting resilience and strategic optionality over the medium term.

Improving cash generation and FCF growth

Material improvement in free cash flow and stronger operating cash generation as operations scaled suggests the business is converting earnings into spendable cash more reliably, enabling reinvestment and potential shareholder returns over the coming months.

Negative Factors

Commodity-price cyclicality

As a gold-focused miner, revenue and margins remain structurally exposed to gold price swings. Even with current strength, cyclical price declines can materially compress profitability, cash flow and project economics, risking earnings volatility over multiple quarters.

Inconsistent free cash flow conversion

While FCF has improved, the company’s cash conversion has been irregular historically. Persistent variability in converting accounting profits to cash limits predictability for dividends, debt reduction or capex funding, weakening medium-term financial planning reliability.

High asset intensity and capex risks

Mining is capital intensive; despite current low leverage, pursuing expansion or new projects would require substantial investment. That could increase leverage, constrain flexibility, and raise execution and financing risk, affecting balance-sheet durability over 2–6 months.

Chifeng Jilong Gold Mining Co., Ltd. Class H Business Overview & Revenue Model

Company Description

Chifeng Jilong Gold Mining Co.,Ltd. operates as a gold and non-ferrous metal mining company. The company explores gold, zinc, lead, copper, and molybdenum deposits. It is also involved in copper smelting activities. In addition, the company offers gold bars and standard gold ingots. Further, it engages in disposal of waste electrical and electronic products. The company's copper is used in communication cables, wires, power equipment, pipelines, mechanical equipment, air-conditioning equipment, infrastructure, and construction equipment. Chifeng Jilong Gold Mining Co.,Ltd. was formerly known as Guangdong Oriental Brothers Investment Co., Ltd. and changed its name to Chifeng Jilong Gold Mining Co., Ltd. in December 2012. The company was founded in 1998 and is based in Beijing, China.

How the Company Makes Money

Chifeng Jilong Gold Mining Co., Ltd. Class H Financial Statement Overview

Summary

Strong profitability and growth (TTM revenue +16.4%, gross margin ~49.5%, net margin ~23.9%) and a conservative, improving balance sheet (debt-to-equity ~0.08; ROE ~25%). The main offset is less consistent cash conversion (FCF ~53% of net income) and historically variable free cash flow, consistent with mining/commodity cyclicality.

Income Statement

Profitability and growth look strong in TTM (Trailing-Twelve-Months): revenue rose 16.4% with high gross margin (~49.5%) and a healthy net margin (~23.9%). The trajectory is notably positive versus 2022–2023, with expanding margins and much higher earnings power. The main watch-out is cyclicality typical of gold producers—results can swing with commodity prices, and margins were meaningfully lower just a few years ago.

Balance Sheet

Leverage is conservative and improving: debt-to-equity is low in TTM (Trailing-Twelve-Months) (~0.08) and down sharply from 2022–2023 levels, giving the company balance-sheet flexibility. Returns on shareholders’ equity are also strong (TTM ~25%), indicating efficient capital use. A key risk is that asset intensity is high (as expected in mining), so future large project spending or acquisitions could reintroduce leverage.

Cash Flow

Cash generation is solid and improving: operating cash flow is strong in TTM (Trailing-Twelve-Months) and free cash flow grew ~44%, signaling better conversion as operations scaled. However, free cash flow is only about ~53% of net income in TTM (Trailing-Twelve-Months), suggesting ongoing reinvestment needs and/or working-capital swings, and historical free cash flow has been inconsistent (including negative conversion in 2021–2022).

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	11.45B	9.03B	7.22B	6.27B	3.78B	4.56B
Gross Profit	5.66B	3.96B	2.35B	1.80B	1.26B	1.41B
EBITDA	4.41B	4.31B	2.92B	2.37B	1.56B	1.71B
Net Income	2.72B	1.76B	803.93M	451.12M	582.58M	784.02M
Balance Sheet
Total Assets	23.47B	20.33B	18.72B	17.54B	8.05B	7.22B
Cash, Cash Equivalents and Short-Term Investments	5.03B	2.76B	1.68B	1.33B	1.84B	2.13B
Total Debt	1.06B	1.89B	2.48B	2.23B	2.97M	195.52M
Total Liabilities	7.95B	9.61B	10.18B	10.14B	3.05B	2.78B
Stockholders Equity	12.52B	7.92B	6.15B	5.19B	4.62B	4.09B
Cash Flow
Free Cash Flow	2.28B	1.75B	461.12M	-827.48M	-587.22M	98.32M
Operating Cash Flow	4.32B	3.27B	2.20B	1.09B	755.15M	1.07B
Investing Cash Flow	-2.37B	-958.41M	-1.77B	-3.98B	-277.87M	176.04M
Financing Cash Flow	460.85M	-1.10B	-228.12M	2.23B	55.91M	-464.55M

Chifeng Jilong Gold Mining Co., Ltd. Class H Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6693	78 Outperform	HK$80.05B	24.17	27.28%	0.54%	―	―
3939	70 Outperform	HK$55.10B	54.44	36.46%	1.32%	31.24%	58.16%
1818	68 Neutral	$128.23B	49.53	15.17%	0.16%	44.37%	125.87%
3330	67 Neutral	HK$29.88B	22.29	35.84%	1.40%	70.92%	249.45%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
0621	43 Neutral	HK$998.33M	-44.72	-0.99%	―	―	-25.51%

Chifeng Jilong Gold Mining Co., Ltd. Class H Corporate Events

Chifeng Jilong Says No Undisclosed Reasons Behind Share Price Volatility

Chifeng Jilong Gold Mining said it has observed unusual recent movements in its Hong Kong-listed share price but, after internal inquiries, the board is unaware of any undisclosed reasons behind the volatility beyond information already in the public domain. The company stressed that its business operations are normal and stable, its core activities are progressing smoothly, and there are no material undisclosed matters requiring announcement, while advising investors and shareholders to exercise caution when trading its securities.

The most recent analyst rating on (HK:6693) stock is a Buy with a HK$49.00 price target. To see the full list of analyst forecasts on Chifeng Jilong Gold Mining Co., Ltd. Class H stock, see the HK:6693 Stock Forecast page.

Chifeng Jilong Issues Positive Profit Alert With Forecast 70–81% Net Profit Jump for 2025

Chifeng Jilong Gold Mining Co., Ltd. has issued a positive profit alert, indicating that it expects net profit attributable to shareholders for 2025 to reach approximately RMB3.0 billion to RMB3.2 billion, a year-on-year increase of about 70% to 81%. Profit after excluding non-recurring items is forecast at roughly RMB2.97 billion to RMB3.17 billion, up around 75% to 86% from the previous year, based on unaudited management accounts. The substantial projected profit growth underscores a significant improvement in operating performance and may strengthen the company’s financial position and appeal to investors, although the figures remain preliminary and unaudited.

The most recent analyst rating on (HK:6693) stock is a Buy with a HK$35.00 price target. To see the full list of analyst forecasts on Chifeng Jilong Gold Mining Co., Ltd. Class H stock, see the HK:6693 Stock Forecast page.

Chifeng Jilong Gold Mining to Host Q3 2025 Results Briefing

Chifeng Jilong Gold Mining Co., Ltd. has announced that it will hold its third quarterly results briefing for 2025 on November 7th. The briefing, conducted via the Eastmoney Roadshow platform, aims to provide investors with a comprehensive understanding of the company’s operating results and financial conditions. This session will allow for interactive discussions and address investor queries, potentially impacting investor relations and market perception.

Chifeng Jilong Gold Mining Updates Board Election Details

Chifeng Jilong Gold Mining Co., Ltd. has announced a supplemental update regarding the election of a new session of its board of directors. This update includes biographical details of Dr. Jiang Qi, who has served in various independent director roles at other companies. The announcement ensures stakeholders are informed about the board’s composition, which could impact the company’s governance and strategic direction.

Chifeng Jilong Gold Mining Announces Leadership Restructuring

Chifeng Jilong Gold Mining Co., Ltd. has announced significant changes in its leadership and board structure. The company has elected a new session of the board, appointed a new chairman and vice chairmen, changed its CEO, and appointed new senior management and board secretaries. These changes are aimed at strengthening the company’s governance and strategic direction.

Chifeng Jilong Gold Mining Co., Ltd. Announces Board Composition and Roles

Chifeng Jilong Gold Mining Co., Ltd. has announced the composition of its board of directors, highlighting the roles and functions of each member. The board includes executive, non-executive, and independent non-executive directors, with four special committees overseeing various aspects of the company’s governance. This announcement underscores the company’s commitment to structured governance and strategic oversight, which may influence its operational efficiency and stakeholder confidence.

Chifeng Jilong Gold Mining Announces EGM Results and Board Election

Chifeng Jilong Gold Mining Co., Ltd. announced the results of its 2025 extraordinary general meeting held on October 31, 2025, where amendments to the Articles of Association and the election of a new board session were key agenda items. The meeting saw participation from shareholders with no restrictions on voting, and certain executive directors abstained from voting on specific resolutions due to their interests in the matters discussed.