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Tongguan Gold Group Ltd.
(0340)
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Rating:76Outperform
Price Target:
HK$3.50
▲(21.11% Upside)
Action:Reiterated
Date:09/08/26
The score is primarily driven by strong recent financial performance (sharp margin/return improvement and low leverage), tempered by multi-year earnings and cash-flow volatility. Technicals add support via a clear uptrend, while valuation is only average due to a moderate P/E and low dividend yield.
Positive Factors
Revenue and Profit Growth
The sharp 2025 improvement in revenue and profitability indicates stronger earnings power and operating leverage. If maintained, higher margins can support reinvestment, strengthen resilience, and provide a better base for compounding results over the next several quarters.
Negative Factors
Earnings Volatility
The wide variation in profitability across years shows that recent earnings strength has not yet demonstrated consistent through-cycle stability. Such volatility can complicate planning, make returns less predictable, and increase the risk that strong reported margins normalize materially.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and Profit Growth
The sharp 2025 improvement in revenue and profitability indicates stronger earnings power and operating leverage. If maintained, higher margins can support reinvestment, strengthen resilience, and provide a better base for compounding results over the next several quarters.
Read all positive factors
Tongguan Gold Group Ltd. (0340) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$17.43B
Dividend Yield1.02%
Average Volume (3M)20.78M
Price to Earnings (P/E)16.4
Beta (1Y)0.25
Revenue Growth64.96%
EPS Growth84.76%
CountryHK
Employees768
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)0.18
Shares Outstanding5,313,692,400
10 Day Avg. Volume29,357,684
30 Day Avg. Volume20,782,970
Financial Highlights & Ratios
PEG Ratio0.06
Price to Book (P/B)3.10
Price to Sales (P/S)5.16
P/FCF Ratio24.07
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)0.27
Revenue Forecast (FY)HK$3.60B
Tongguan Gold Group Ltd. Business Overview & Revenue Model
Company Description
Tongguan Gold Group Limited, an investment holding company, engages in the exploration, mining, processing, smelting, and sale of gold and related products in China. It is also involved in the gold recycling business, including the sale of physica...
How the Company Makes Money
The company primarily makes money by producing and selling gold (and potentially other gold-related by-products where applicable) derived from mined ore. Its core revenue stream is the sale of gold products to external customers, with revenue gene...
Tongguan Gold Group Ltd. Financial Statement Overview
Summary
Income Statement
88
Very Positive
Balance Sheet
84
Very Positive
Cash Flow
72
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.40B | 1.60B | 1.50B | 1.24B | 681.72M |
| Gross Profit | 1.31B | 523.19M | 167.88M | 139.50M | 236.86M |
| EBITDA | 1.22B | 448.95M | 158.48M | 122.41M | 265.95M |
| Net Income | 830.43M | 211.14M | 51.45M | 50.34M | 138.68M |
Balance Sheet | |||||
| Total Assets | 6.53B | 4.59B | 4.55B | 3.65B | 3.90B |
| Cash, Cash Equivalents and Short-Term Investments | 749.20M | 172.33M | 157.89M | 143.10M | 157.70M |
| Total Debt | 514.51M | 533.58M | 565.36M | 161.54M | 179.77M |
| Total Liabilities | 2.36B | 1.97B | 2.09B | 1.62B | 1.72B |
| Stockholders Equity | 3.99B | 2.48B | 2.32B | 1.89B | 2.02B |
Cash Flow | |||||
| Free Cash Flow | 513.65M | 270.57M | -141.56M | 31.71M | 115.96M |
| Operating Cash Flow | 981.47M | 508.35M | -35.50M | 133.56M | 217.31M |
| Investing Cash Flow | -401.88M | -252.16M | -1.38M | -100.65M | -101.69M |
| Financing Cash Flow | -105.68M | -240.54M | 62.51M | -42.99M | -91.10M |
Tongguan Gold Group Ltd. Technical Analysis
Positive
2.89
Price Trends
2.51
Positive
2.45
Positive
2.76
Positive
Market Momentum
0.24
Positive
53.58
Neutral
49.57
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0340, the sentiment is Positive. The current price of 2.89 is below the 20-day moving average (MA) of 3.18, above the 50-day MA of 2.51, and above the 200-day MA of 2.76, indicating a neutral trend. The MACD of 0.24 indicates Positive momentum. The RSI at 53.58 is Neutral, neither overbought nor oversold. The STOCH value of 49.57 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0340.
Tongguan Gold 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$93.14B | 17.82 | 27.07% | 1.33% | 47.35% | 61.26% | |
76 Outperform | HK$17.43B | 16.35 | 22.79% | 1.02% | 64.96% | 84.76% | |
76 Outperform | HK$427.41B | 17.05 | 28.53% | 1.87% | 106.35% | 216.24% | |
70 Outperform | HK$31.72B | 14.42 | 28.91% | 1.00% | -9.85% | -28.13% | |
67 Neutral | HK$77.51B | 18.56 | 18.85% | 0.52% | 49.44% | 61.42% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
59 Neutral | HK$179.60B | 30.26 | 17.31% | 2.09% | ― | ― |
* Basic Materials Sector Average
HK:0340
Tongguan Gold Group Ltd.
3.15
0.82
35.15%
HK:1818
Zhaojin Mining Industry Co
22.12
-6.67
-23.16%
HK:3330
Lingbao Gold Group Company Ltd. Class H
23.60
6.68
39.46%
HK:1787
Shandong Gold Mining Co., Ltd. Class H
25.38
-9.27
-26.75%
HK:6693
Chifeng Jilong Gold Mining Co., Ltd. Class H
40.62
7.54
22.80%
HK:2259
Zijin Gold International Company Limited
160.00
41.94
35.53%
Tongguan Gold Group Ltd. Corporate Events
Tongguan Gold Group Added to Shanghai and Shenzhen Stock Connect Programs
Sep 7, 2026
Tongguan Gold Group Limited, a Bermuda-incorporated company listed in Hong Kong, operates in the gold and mining industry and offers gold-related investment exposure to regional investors. Its shares trade on the Hong Kong Stock Exchange, providin...
Tongguan Gold Group’s Interim Profit Surges 53% on Robust Revenue Growth
Aug 25, 2026
Tongguan Gold Group reported a strong interim performance for the six months ended 30 June 2026, with revenue rising 53% year-on-year to about HK$1.58 billion and net profit climbing 53% to approximately HK$537 million. Profit attributable to shar...
Tongguan Gold Added to Hang Seng Composite Index
Aug 24, 2026
Tongguan Gold Group Limited has been added as a constituent stock of the Hang Seng Composite Index following a quarterly review by Hang Seng Indexes Company, with the change to take effect after trading on 4 September and become effective on 7 Sep...
Tongguan Gold Schedules Board Meeting to Review Interim Results and Consider Dividend
Aug 13, 2026
Tongguan Gold Group Limited has scheduled a board meeting for 25 August 2026 to review and approve the unaudited interim results for the six months ended 30 June 2026. The board will also consider whether to declare an interim dividend, a decision...
Tongguan Gold Signals Strong Interim Profit Surge Despite One-Off Tax Hit
Aug 9, 2026
Tongguan Gold Group expects profit attributable to shareholders for the six months ended 30 June 2026 to rise to HK$510 million–HK$530 million, up about 49%–55% from HK$343 million a year earlier. The interim figures are based on unaud...
Tongguan Gold Group Updates Registered Office Address in Bermuda
Aug 3, 2026
Tongguan Gold Group Limited announced that, effective 3 August 2026, it has changed its registered office address in Bermuda to Richmond House, 12 Par-la-Ville Road, Hamilton HM 08, Bermuda. The move is an administrative update to its corporate re...
Tongguan Gold Group Launches HK$300 Million On-Market Share Buyback Plan
Jun 16, 2026
Tongguan Gold Group Ltd. has approved an on-market share repurchase plan of up to HK$300 million under an existing mandate that allows buybacks of up to 10% of its issued shares. The programme will run until the next annual general meeting or an e...
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.