Ximei Resources Holding Ltd. (HK:9936)
:9936
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Ximei Resources Holding Ltd.
(9936)
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Rating:63Neutral
Price Target:
HK$15.50
▲(154.10% Upside)
Action:Reiterated
Date:06/04/26
The score is held back primarily by weak cash conversion (negative operating and free cash flow in 2025) and rising leverage, despite solid revenue growth and continued profitability. Technicals are supportive with a clear uptrend and positive momentum indicators, while valuation is mixed due to a high P/E but an unusually high dividend yield.
Positive Factors
Revenue Growth
Sustained high revenue growth (+16.6% YoY in 2025) signals expanding volumes or improved market penetration in core mineral products. Over a multi-month horizon this enhances scale, fixed-cost absorption and the firm's ability to invest in processing capacity, supporting durable top-line momentum.
Negative Factors
Weak Cash Generation
Operating cash flow turned negative in 2025 and free cash flow has been negative in multiple years, showing earnings that do not reliably convert to cash. Structurally, this raises liquidity and self-funding risks, increasing dependence on external financing for capex and dividends over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained high revenue growth (+16.6% YoY in 2025) signals expanding volumes or improved market penetration in core mineral products. Over a multi-month horizon this enhances scale, fixed-cost absorption and the firm's ability to invest in processing capacity, supporting durable top-line momentum.
Read all positive factors
Ximei Resources Holding Ltd. (9936) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$6.07B
Dividend Yield0.83%
Average Volume (3M)507.08K
Price to Earnings (P/E)26.8
Beta (1Y)0.11
Revenue Growth23.24%
EPS Growth38.30%
CountryHK
Employees632
SectorBasic Materials
Sector Strength58
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)0.48
Shares Outstanding414,100,000
10 Day Avg. Volume298,250
30 Day Avg. Volume507,083
Financial Highlights & Ratios
PEG Ratio0.33
Price to Book (P/B)1.48
Price to Sales (P/S)0.93
P/FCF Ratio-10.64
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$20.80Price Target Upside240.98% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.57
Revenue Forecast (FY)HK$2.16B
Ximei Resources Holding Ltd. Business Overview & Revenue Model
Company Description
Ximei Resources Holding Limited specializes in the manufacturing and global distribution of metallurgical products derived from tantalum and niobium. Its market reach extends across the People's Republic of China, the United States, Europe, and ot...
How the Company Makes Money
The company primarily makes money by selling mineral and metal-related products produced from its mining and processing operations. Key revenue streams typically include (i) sales of mined ore or concentrates and (ii) sales of processed metal or m...
Ximei Resources Holding Ltd. Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
60
Neutral
Cash Flow
32
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.24B | 1.82B | 1.40B | 1.02B | 763.73M |
| Gross Profit | 468.53M | 396.77M | 310.42M | 305.90M | 211.06M |
| EBITDA | 258.39M | 208.81M | 180.98M | 168.36M | 148.85M |
| Net Income | 171.60M | 124.19M | 87.14M | 104.73M | 102.06M |
Balance Sheet | |||||
| Total Assets | 3.13B | 2.14B | 1.93B | 1.70B | 1.08B |
| Cash, Cash Equivalents and Short-Term Investments | 431.68M | 190.57M | 120.28M | 330.21M | 207.88M |
| Total Debt | 1.27B | 607.26M | 656.70M | 515.44M | 374.39M |
| Total Liabilities | 1.58B | 841.33M | 822.05M | 696.98M | 459.60M |
| Stockholders Equity | 1.41B | 1.18B | 1.03B | 940.82M | 622.78M |
Cash Flow | |||||
| Free Cash Flow | -196.70M | 97.68M | -310.81M | -208.90M | -32.97M |
| Operating Cash Flow | -66.89M | 118.95M | -238.74M | -42.28M | 111.97M |
| Investing Cash Flow | -211.52M | -31.76M | -84.32M | -168.43M | -185.47M |
| Financing Cash Flow | 440.34M | -25.52M | 113.36M | 355.68M | 61.81M |
Ximei Resources Holding Ltd. Technical Analysis
Negative
6.10
Price Trends
16.24
Negative
14.43
Positive
10.46
Positive
Market Momentum
-0.37
Positive
42.81
Neutral
48.54
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:9936, the sentiment is Negative. The current price of 6.1 is below the 20-day moving average (MA) of 17.46, below the 50-day MA of 16.24, and below the 200-day MA of 10.46, indicating a neutral trend. The MACD of -0.37 indicates Positive momentum. The RSI at 42.81 is Neutral, neither overbought nor oversold. The STOCH value of 48.54 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:9936.
Ximei Resources Holding Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | HK$1.20B | 8.66 | 3.36% | 7.85% | -5.34% | 43.44% | |
63 Neutral | HK$6.07B | 26.75 | 12.90% | 0.83% | 23.24% | 38.30% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
59 Neutral | HK$10.40B | -23.08 | -3.31% | 3.48% | 3.39% | -2.32% | |
56 Neutral | HK$919.80M | -13.32 | -3.55% | ― | -16.30% | -113.19% | |
49 Neutral | HK$1.39B | -38.84 | -15.58% | ― | -0.05% | -54.13% | |
48 Neutral | HK$2.59B | -2.18 | -39.25% | ― | -9.38% | -5783.70% |
* Basic Materials Sector Average
HK:9936
Ximei Resources Holding Ltd.
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44.74%
Ximei Resources Holding Ltd. Corporate Events
Ximei Resources Discloses Leizhou Factory Lease and Right-of-Use Asset Transaction
Jun 11, 2026
Ximei Resources Holding Limited has disclosed that its indirect non-wholly owned subsidiary Ximei Leizhou entered into a series of agreements with Leizhou Infrastructure for a three-year lease of a factory in the Leizhou Economic Development Zone ...
Ximei Resources Completes Share Placing and Top-Up Subscription in Hong Kong
Jun 10, 2026
Ximei Resources Holding Limited has completed a placing of 34,100,000 existing shares at HK$16.10 per share through joint placing agents, distributing the stock on a best-effort basis to at least six independent investors. The transaction broadens...
Ximei Resources Maps Use of Share Proceeds for Upstream Expansion and Capacity Ramp-Up
Jun 8, 2026
Ximei Resources Holding Limited has detailed its plans for deploying proceeds from a recent top-up share subscription, allocating HK$161.2 million each to potential upstream mining investments and to business development and production expansion, ...
Ximei Resources Launches Discounted Top-Up Placing of Up to 34.1 Million Shares
Jun 3, 2026
Ximei Resources’ controlling shareholder has agreed to sell up to 34,100,000 existing shares through a placing arranged by joint placing agents at HK$16.10 per share, representing about 8.97% of the current issued share capital excluding tre...
Ximei Resources Sets 2026 AGM to Approve Dividend, Board Mandates and Share Issue Authority
Apr 29, 2026
Ximei Resources Holding Limited has called its 2026 annual general meeting for 29 June 2026 in Guangzhou, where shareholders will review the audited consolidated financial statements for the year ended 31 December 2025 and the reports of the board...
Ximei Resources Reschedules 2026 AGM and Adjusts Dividend Record Dates
Apr 22, 2026
Ximei Resources Holding Limited has rescheduled its 2026 annual general meeting from 27 May to 29 June 2026 in Hong Kong due to administrative reasons, and adjusted the related book closure period for determining shareholders’ eligibility to...
Ximei Resources Revises Timetable for 2025 Final Dividend Payout
Apr 22, 2026
Ximei Resources Holding Limited has declared a final ordinary cash dividend of HKD 0.0658 per share for the financial year ended 31 December 2025, payable in Hong Kong dollars. The dividend remains subject to shareholder approval at the annual gen...
Ximei Resources to Cut Board Lot Size in Bid to Boost Liquidity
Apr 13, 2026
Ximei Resources Holding Limited will cut the board lot size for its Hong Kong-listed shares from 2,500 to 500 shares with effect from 9:00 a.m. on 5 May 2026, reducing the value of a standard trading lot from about HK$40,150 to roughly HK$8,030 ba...
Ximei Resources Details Board and Committee Line-Up
Mar 27, 2026
Ximei Resources Holding Limited has announced the current composition of its board of directors, naming Wu Lijue as chairman and chief executive officer alongside two other executive directors, one non-executive director and three independent non-...
Ximei Resources Grants Performance-Linked Share Awards With Flexible Vesting
Mar 27, 2026
Ximei Resources Holding Limited has granted 174,900 awarded shares, equal to about 0.05% of its issued share capital, to selected grantees under its share award scheme at no consideration. The awards, priced against a closing market price of HK$13...
Ximei Resources Declares Final 2025 Dividend of HKD 0.0658 Per Share
Mar 26, 2026
Ximei Resources Holding Limited has declared a final ordinary cash dividend of HKD 0.0658 per share for the financial year ended 31 December 2025, with shareholder approval scheduled for 27 May 2026. The dividend will be paid in Hong Kong dollars ...
Ximei Resources Adds Ganfeng Lithium Executive to Board as Non-Executive Director
Mar 26, 2026
Ximei Resources Holding Limited has appointed 33-year-old Liao Longlong as a non-executive director, effective 27 March 2026, adding investment and chemical industry expertise to its board. Liao holds degrees in applied chemistry and an MBA, and h...
Ximei Resources Lifts 2025 Profit and Dividend on Strong Revenue Growth
Mar 26, 2026
Ximei Resources Holding Limited reported strong annual results for the year ended 31 December 2025, with revenue rising 23.0% to RMB2,241.9 million and gross profit up 18.1% to RMB468.5 million, despite a slight decline in gross margin to 20.9%. P...
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.