Zhaojin Mining 1818

Re: Zhaojin Mining 1818

Postby winston » Mon Aug 26, 2019 9:18 am

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<Result Ann>ZHAOJIN MINING Interim Net Profit RMB239M, Down 20.8%

ZHAOJIN MINING (01818.HK) announced interim result ended June 2019.

The turnover declined 1.8% year on year to RMB2.818 billion.

The net profit amounted to RMB239 million, down 20.8% yearly. EPS was RMB0.07.

No dividend was declared.

Source: AAStocks Financial News
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Re: Zhaojin Mining 1818

Postby winston » Thu Aug 06, 2020 11:42 am

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COMPANY PROFILE

Zhaojin Mining Industry Company Limited is principally engaged in the exploration, mining, processing, smelting of gold and the sale of gold products in Mainland China.

The Company operates its business through three segments.

The Gold Operations segment is engaged in gold mining and smelting operations.

The Copper Operations segment is engaged in copper mining and smelting operations.

The Others segment is engaged in the Company’s other investment activities and hotel catering operations.

The Company’s subsidiaries include Zhaoyuan Jintingling Mining Industry Company Limited, Minxian Tianhao Gold Company Limited and Tuoli Zhaojin Beijiang Mining
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Re: Zhaojin Mining 1818

Postby winston » Thu Jun 15, 2023 11:08 am

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C Suisse Increases TP of ZHAOJIN MINING (01818.HK) to $12.8, Rates Outperform

2023/06/13

Credit Suisse reported that with the rise in gold trading volume, ZHAOJIN MINING (01818.HK) will be the main beneficiary of the rise in gold prices.

The broker expected gold prices to be supported by investors' expectations of falling interest rates, a rare opportunity in the gold business.

Credit Suisse raised ZHAOJIN's 2023 and 2024 earnings forecast by 28% and 23% respectively to reflect higher margins as higher sales volumes will lower unit costs.

The broker mentioned that in the medium to long term, if the US economy falls into recession, the market may expect the US to cut interest rates, which will support gold prices.

Credit Suisse raised ZHAOJIN's target price from $7.7 to $12.8 while maintaining its Outperform rating.

Source: AAStocks Financial News

http://www.aastocks.com/en/stocks/analy ... 272064/all
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Re: Zhaojin Mining 1818

Postby winston » Mon Apr 15, 2024 1:52 pm

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<Research>M Stanley Raises ZHAOJIN MINING (01818.HK) TP to $14; Rating Equalweight

In a report, Morgan Stanley raised its TP on ZHAOJIN MINING (01818.HK) from $13.3 to $14, rating it Equalweight.

The broker updated its calculation model for the company to include the latest guidance for the new Haiyu Mine.

The Haiyu Mine is scheduled to commence production by the end of the year and will reach full capacity of 10-15 tons by around 2026.

The broker is now assuming a contribution of 10 tons from the Haiyu Mine in 2026 compared to the previous assumption of 7 tons.

Meanwhile, assumptions for 2024-25 remained unchanged.

Related News: ZHAOJIN MINING 1Q NP Surges 1.24x YoY to RMB220M

Source: AAStocks Financial News

http://www.aastocks.com/en/stocks/news/ ... -news/AAFN
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Re: Zhaojin Mining 1818

Postby winston » Tue Apr 16, 2024 2:27 pm

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<Research>CCBI Downgrades ZHAOJIN MINING (01818.HK) to Neutral, Adds TP to $14.1

CCBI commented in a report that ZHAOJIN MINING (01818.HK) is currently trading at an expensive valuation of 22.6x P/E, 2.9x P/B and 11.4x EV/EBITDA based on the broker's 2025 results forecast.

As they are close to the average of 25x P/E, 2.5x P/B and 12x EV/EBITDA over the past 5 years, the broker elevated ZHAOJIN's target price from $12.9 to $14.1, but downgraded its rating from Outperform to Neutral since the potential upside is only 3%.

The broker also cut its profit forecasts for ZHAOJIN by 36% and 19% for 2024/25 respectively, and its profit for 2024 and 2025 is expected to hike by 46% and 106% YoY to RMB1 billion and RMB2.1 billion respectively.

Related News: ZHAOJIN MINING 1Q NP Surges 1.24x YoY to RMB220M

According to CCBI, ZHAOJIN expected its total self-produced gold output for this year at 13.2 tonnes, 3% lower than last year and 6% lower than the broker's forecast.

The broker predicted the company's total self-produced gold to rise by 55% YoY to 20.4 tonnes in 2025, following the ramp-up of production at the Xiadian and Dayingezhuang projects and the commissioning of the Haiyu Gold Mine.

The broker increased its unit cost of production forecasts by 25% for 2024 and 27% for 2025, reflecting continued cost pressures at the low-cost Haiyu Gold Mine until production reaches its design limit in 2027 or 2028.

Source: AAStocks Financial News

http://www.aastocks.com/en/stocks/news/ ... -news/AAFN
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Re: Zhaojin Mining 1818

Postby winston » Thu May 14, 2026 2:22 pm

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Slag Removal Accident at ZHAOJIN MINING's Zhaoyuan Mining Area Leaves 3 Dead, 2 Injured

ZHAOJIN MINING (01818.HK) announced that on 13 May (yesterday), an incident occurred at a mine under infrastructure construction of Zhaoyuan Jintingling Mining Industry Company Limited, a wholly-owned subsidiary of the Company, during slag removal, resulting in 3 fatalities and 2 injuries; the injured are in a stable condition.

Following the accident, the Company has attached great importance to the matter and immediately activated the emergency plan.

Currently, follow-up handling and an incident investigation are underway.

Due to the incident, and as requested by the local emergency management authorities, the Group’s operating production mines in the Zhaoyuan region have now been suspended for inspection.

The Company is currently assessing the impact of the incident on the overall operations of the Group.

The Company will draw profound lessons from this accident, further strengthen its safety production management, conduct a comprehensive and in-depth self-inspection on safety production, implement accident prevention and rectification measures, and further eliminate potential safety hazards.

Source: AASTOCKS Financial News

http://www.aastocks.com/en/stocks/analy ... stock-news
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Re: Zhaojin Mining 1818

Postby winston » Thu May 14, 2026 2:24 pm

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<Research>CICC Lifts ZHAOJIN MINING's TP to HKD33.45; Gold Biz Sees Volume & Price Growth With Strong Organic Momentum

According to CICC's research report, ZHAOJIN MINING (01818.HK) 's 2025 results show that the company's operating revenue grew 56% YoY to RMB18.06 billion, while net profit attributable to shareholders surged 149.1% YoY to RMB3.61 billion.

For 4Q25, operating revenue reached RMB6.36 billion, up 59% YoY, while net profit attributable to shareholders was RMB1.48 billion, up 168% YoY, driven by gold prices rising more than CICC had expected.

CICC has kept an Outperform rating on ZHAOJIN MINING and raised its target price by 24% to HKD33.45, implying 14% upside from the current share price.

Source: AASTOCKS Financial News

http://www.aastocks.com/en/stocks/analy ... stock-news
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Re: Zhaojin Mining 1818

Postby winston » Thu May 14, 2026 2:41 pm

<Research>BofAS Keeps Rating at Buy for ZHAOJIN MINING (01818.HK) on Gradual Gold Production Recovery/ Undemanding Valuation Based on High Prices

ZHAOJIN MINING (01818.HK)'s 1Q26 revenue was RMB4.46 billion, up 47% YoY, BofA Securities issued a research report saying.

Net profit after tax amounted to RMB1.19 billion, up 80% YoY but down 21% QoQ.

Overall performance was largely in line with the broker's expectations.

Therefore, BofA Securities kept rating at Buy on ZHAOJIN MINING on the gradual recovery in gold production, with spot gold prices remaining above US$4,700 per ounce, and undemanding valuation, with a target price of $44.

Source: AASTOCKS Financial News

http://www.aastocks.com/en/stocks/analy ... stock-news
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Re: Zhaojin Mining 1818

Postby winston » Tue May 19, 2026 2:31 pm

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ZHAOJIN MINING Tumbles as BOCI Says HQ Mine Suspension Casts Short-term Shadow

In its report, BOCI mentioned about an accident at ZHAOJIN MINING's Jintingling gold mine, resulting in casualties.

As this marked the second fatal accident within the past three months, the local government ordered the company to suspend operations at all mines under its Zhaoyuan HQ for inspection.

The broker estimated that gold output from the Zhaoyuan HQ mines accounts for about half of the company's total production in 2026.

If these mines remain suspended for an extended period, this would immensely weigh on its 2026 earnings.

Source: AASTOCKS Financial News

http://www.aastocks.com/en/stocks/analy ... stock-news
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