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Shandong Gold Mining Co., Ltd. Class H
(1787)
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Rating:59Neutral
Price Target:
HK$28.00
â–²(12.90% Upside)
Action:Reiterated
Date:09/06/26
The score is driven primarily by improved TTM profitability, but is held back by materially higher leverage and still-volatile cash flow conversion. Technicals are moderately supportive in the near term (price above key short/mid-term averages and positive MACD), while valuation is a drag due to a high P/E with only a modest dividend yield.
Positive Factors
Improved Profitability
Meaningfully stronger gross and net margins indicate improved earnings power across the mining and processing operation. If maintained, this profitability provides more internal capacity to fund sustaining investment, absorb commodity volatility, and support shareholder returns over the next several quarters.
Negative Factors
sharply Higher Leverage
The sharp increase in debt relative to equity materially raises refinancing and interest-burden risk in a cyclical commodity business. Higher leverage can reduce financial flexibility, constrain investment choices, and make future earnings more sensitive to changes in operating conditions.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved Profitability
Meaningfully stronger gross and net margins indicate improved earnings power across the mining and processing operation. If maintained, this profitability provides more internal capacity to fund sustaining investment, absorb commodity volatility, and support shareholder returns over the next several quarters.
Read all positive factors
Shandong Gold Mining Co., Ltd. Class H (1787) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$177.35B
Dividend Yield2.06%
Average Volume (3M)26.90M
Price to Earnings (P/E)30.5
Beta (1Y)0.85
Revenue GrowthN/A
EPS GrowthN/A
CountryHK
Employees29,282
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)1.12
Shares Outstanding995,486,200
10 Day Avg. Volume36,273,948
30 Day Avg. Volume26,902,752
Financial Highlights & Ratios
PEG Ratio0.47
Price to Book (P/B)3.49
Price to Sales (P/S)1.50
P/FCF Ratio18.30
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$20.00Price Target Upside-19.35% Downside
Rating ConsensusHold
Number of Analyst Covering2
EPS Forecast (FY)2.09
Revenue Forecast (FY)HK$144.37B
Shandong Gold Mining Co., Ltd. Class H Business Overview & Revenue Model
Company Description
Shandong Gold Mining Co., Ltd. is primarily involved in the discovery, extraction, refinement, and marketing of gold and silver deposits throughout the People's Republic of China. The company structures its operations into three main divisions: Go...
How the Company Makes Money
The company primarily makes money by producing and selling gold. Revenue is generated from (1) sales of refined gold and/or gold bullion produced from its mining operations, typically priced with reference to prevailing market gold prices (making ...
Shandong Gold Mining Co., Ltd. Class H Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
55
Neutral
Cash Flow
48
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 101.11B | 104.29B | 82.52B | 59.28B | 50.31B | 33.93B |
| Gross Profit | 24.51B | 21.34B | 13.62B | 9.84B | 7.09B | 3.58B |
| EBITDA | 17.74B | 18.27B | 12.73B | 9.13B | 6.29B | 2.52B |
| Net Income | 5.47B | 4.74B | 2.95B | 2.33B | 1.25B | ― |
Balance Sheet | ||||||
| Total Assets | 177.55B | 170.37B | 160.66B | 134.60B | 90.72B | 78.31B |
| Cash, Cash Equivalents and Short-Term Investments | 20.01B | 20.08B | 14.83B | 14.13B | 12.59B | 7.69B |
| Total Debt | 69.92B | 54.53B | 57.00B | 50.19B | 20.95B | 12.87B |
| Total Liabilities | 109.90B | 105.99B | 102.09B | 81.34B | 54.03B | 46.52B |
| Stockholders Equity | 47.14B | 44.90B | 37.80B | 33.08B | 32.88B | 29.22B |
Cash Flow | ||||||
| Free Cash Flow | 5.62B | 8.56B | -6.76B | -2.33B | -1.24B | -1.73B |
| Operating Cash Flow | 18.76B | 21.49B | 13.34B | 6.85B | 2.97B | 1.82B |
| Investing Cash Flow | -16.97B | -13.61B | -22.80B | -20.62B | -5.25B | -2.61B |
| Financing Cash Flow | 1.77B | -1.87B | 11.00B | 14.44B | 5.46B | 2.14B |
Shandong Gold Mining Co., Ltd. Class H Technical Analysis
Positive
24.80
Price Trends
21.63
Positive
23.45
Positive
30.17
Negative
Market Momentum
1.26
Positive
55.27
Neutral
53.28
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1787, the sentiment is Positive. The current price of 24.8 is below the 20-day moving average (MA) of 24.95, above the 50-day MA of 21.63, and below the 200-day MA of 30.17, indicating a neutral trend. The MACD of 1.26 indicates Positive momentum. The RSI at 55.27 is Neutral, neither overbought nor oversold. The STOCH value of 53.28 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1787.
Shandong Gold Mining Co., Ltd. Class H Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | HK$1.03T | 13.44 | 36.04% | 2.45% | 21.20% | 74.87% | |
81 Outperform | HK$92.55B | 17.42 | 27.07% | 1.36% | 47.35% | 61.26% | |
76 Outperform | HK$428.21B | 17.38 | 28.53% | 1.84% | 106.35% | 216.24% | |
70 Outperform | HK$32.55B | 14.76 | 28.91% | 0.98% | -9.85% | -28.13% | |
67 Neutral | HK$78.36B | 18.48 | 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$177.35B | 30.46 | 17.31% | 2.06% | ― | ― |
* Basic Materials Sector Average
HK:1787
Shandong Gold Mining Co., Ltd. Class H
25.76
-7.60
-22.78%
HK:1818
Zhaojin Mining Industry Co
22.04
-6.71
-23.33%
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Zijin Mining Group Co
37.60
9.42
33.41%
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Lingbao Gold Group Company Ltd. Class H
24.16
7.17
42.18%
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Chifeng Jilong Gold Mining Co., Ltd. Class H
39.72
6.68
20.22%
HK:2259
Zijin Gold International Company Limited
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45.14
38.24%
Shandong Gold Mining Co., Ltd. Class H Corporate Events
Shandong Gold Mining Updates Board Roles and Committee Structure
Aug 28, 2026
Shandong Gold Mining Co., Ltd., a major player in China’s gold mining and production industry, has a diversified board comprised of executive, employee, and independent non-executive directors overseeing its Class H share operations in Hong ...
Shandong Gold Mining Lifts Interim Profit Despite Revenue Dip
Aug 28, 2026
Shandong Gold Mining reported interim 2026 results showing operating income of RMB53.59 billion for the first half, a 5.6% year-on-year decline, while profit before tax surged 48.7% to RMB8.16 billion and net profit attributable to shareholders ro...
Shandong Gold Revises Accounting Policies to Align With New PRC Standards
Aug 28, 2026
Shandong Gold Mining Co., Ltd. has updated its accounting policies to align with Interpretation No. 19 and Interpretation No. 20 of the Accounting Standards for Business Enterprises issued by China’s Ministry of Finance. The board states tha...
Shandong Gold Overhauls Board With New Independent Director, Committee Changes
Aug 21, 2026
Shandong Gold Mining Co., Ltd. held its 2026 third extraordinary general meeting in Jinan, where shareholders approved the election of Gao Yongtao as an independent non-executive director. The resolution passed with more than 99% of valid votes ca...
Shandong Gold Mining Clarifies Board Roles and Governance Structure
Aug 21, 2026
Shandong Gold Mining has announced the composition of its board of directors and clarified the specific roles of each member, including the designation of its chairman and the mix of executive and independent non-executive directors. The company a...
Shandong Gold Calls August EGM to Elect New Independent Director
Aug 3, 2026
Shandong Gold Mining Co., Ltd. has called its third extraordinary general meeting of 2026 for 21 August in Jinan, where shareholders will vote on the election of Gao Yongtao as an independent non-executive director for the company’s seventh ...
Shandong Gold Declares 2026 Interim Dividend and Sets H-Share Tax, Payment Details
Aug 3, 2026
Shandong Gold Mining Co., Ltd. has approved a 2026 interim dividend of RMB1.00 per 10 shares, totaling about RMB460.99 million based on its current share capital, with payouts in renminbi for A shareholders and Shanghai-Hong Kong Stock Connect inv...
Shandong Gold Updates Interim Dividend and Tax Details for H Shareholders
Aug 3, 2026
Shandong Gold Mining Co., Ltd., a major Chinese gold producer listed in Hong Kong, operates in the gold mining sector with a focus on exploration, extraction and production activities that supply both domestic and international markets. Its H shar...
Shandong Gold Mining Proposes Independent Director With Strong Mine Safety Credentials
Jul 30, 2026
Shandong Gold Mining has proposed the election of mining safety expert and academic Gao Yongtao as an independent non-executive director for its seventh board session, with his term to run from shareholder approval until the end of that board̵...
Shandong Gold Mining Sets 2026 Interim Cash Dividend Plan
Jul 21, 2026
Shandong Gold Mining Co., Ltd. has announced a 2026 interim profit distribution plan, proposing a cash dividend of RMB1.00 per 10 shares, with no bonus shares or capital reserve capitalization. The dividend, based on the current share capital of a...
Shandong Gold Mining Declares Interim Dividend for First Half of 2026
Jul 21, 2026
Shandong Gold Mining Co., Ltd., a major Chinese gold producer listed in Hong Kong under stock code 01787, operates in the precious metals mining industry with a focus on gold extraction and sales. Its Class H shares offer international investors e...
Shandong Gold Adopts CAS 24 for Self-Produced Gold Hedging
Jul 10, 2026
Shandong Gold Mining Co., Ltd. has announced that it will formally apply China Accounting Standards No. 24 on hedge accounting to the qualified self-produced gold hedging activities of the company and its subsidiaries starting 1 July 2026. The cha...
Shandong Gold Mining Chairman Han Yaodong Resigns Amid Organizational Reshuffle
Jul 10, 2026
Shandong Gold Mining Co., Ltd. announced the resignation of Mr. Han Yaodong from all his roles, including chairman, legal representative and non-executive director, due to work reassignment linked to organizational arrangements. His departure also...
Shandong Gold Mining Reshapes Board With New Director and Leadership Changes
Jul 10, 2026
Shandong Gold Mining Co., Ltd., a major Chinese gold producer listed in both Shanghai and Hong Kong, continues to operate under a dual-share structure of A and H shares that gives domestic and international investors voting rights. The company man...
Shandong Gold Mining Sets Out Board and Committee Structure for Class H Shares
Jul 10, 2026
Shandong Gold Mining Co., Ltd. has announced the current composition of its board of directors for its Class H listing, led by chairman and executive director Mr. Wang Chenglong, alongside a mix of executive, employee, and independent non-executiv...
Shandong Gold Updates H Share Register Closure for 2026 Extraordinary Meeting
Jun 29, 2026
Shandong Gold Mining Co., Ltd. has updated the timetable for closing its H share register of members ahead of its 2026 second extraordinary general meeting, setting the closure from July 9 to July 10, 2026, inclusive. H shareholders whose names ap...
Shandong Gold updates 2025 final dividend payment schedule and tax details
Jun 29, 2026
Shandong Gold Mining Co., Ltd. announced an updated final cash dividend for the year ended 31 December 2025, confirming a payout of RMB 1.8 per 10 shares, equivalent to HKD 2.07142 per 10 shares for its H shareholders. The company set an ex-divide...
Shandong Gold Wins Shareholder Backing for Governance Reforms and New Debt Mandate
Jun 26, 2026
Shandong Gold Mining Co., Ltd. announced that shareholders approved a series of governance and management changes at its first extraordinary general meeting of 2026, including revisions to systems for related party transactions, external guarantee...
Shandong Gold Mining Calls 2026 EGM to Vote on New Board Appointment
Jun 24, 2026
Shandong Gold Mining Co., Ltd. has convened its second extraordinary general meeting for 2026 to be held in Jinan on 10 July 2026, where shareholders will vote on appointing Wang Chenglong as a non-independent director to the company’s seven...
Shandong Gold Reshapes Board as Vice Chairman Resigns and Veteran Executive Is Nominated
Jun 22, 2026
Shandong Gold Mining Co., Ltd. announced the resignation of non-executive director and vice chairman Liu Qin, who also chaired the sustainability committee and served on the audit and remuneration committees, following a work adjustment policy at ...
Shandong Gold Mining Outlines Board and Committee Structure
Jun 22, 2026
Shandong Gold Mining Co., Ltd. has announced the current composition of its board of directors, led by chairman and non-executive director Han Yaodong, alongside executive, non-executive, and independent non-executive directors including Xiu Guoli...
Shandong Gold Updates 2025 Final Dividend and Tax Terms for H Shareholders
Jun 15, 2026
Shandong Gold Mining Co., Ltd. has updated its final dividend for the year ended 31 December 2025, confirming a payout of RMB 1.8 per 10 shares, with Hong Kong shareholders to receive HKD 2.07142 per 10 shares based on a set exchange rate. The com...
Shandong Gold Wins Strong Shareholder Backing at 2025 AGM
Jun 15, 2026
Shandong Gold Mining Co., Ltd. reported that all resolutions at its 2025 annual general meeting on 15 June 2026 were duly passed by poll with overwhelming shareholder support. Approvals covered the 2025 work and sustainability reports, annual repo...
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.