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China Gold International Resources
(2099)
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Rating:80Outperform
Price Target:
HK$196.00
▼(-28.31% Downside)
Action:Reiterated
Date:08/18/26
The score is driven primarily by strong current financial performance (high margins, strong free-cash-flow generation, and low leverage) and reinforced by clear bullish technical trend/momentum (price well above key moving averages and positive MACD). Valuation is supportive but not a major catalyst (mid-range P/E and modest dividend yield), while the key risk is the historical volatility/cyclicality seen in prior periods.
Positive Factors
Revenue Growth and Margins
Recent revenue growth combined with exceptionally strong gross, EBIT, and net margins indicates effective monetization of the company’s mining output. If maintained, this profitability provides substantial internal funding for mine development, sustaining capital, and resilience across the next several quarters.
Negative Factors
Earnings and Cash-Flow Volatility
The sharp historical swing from a loss and weak cash flow to very high recent profitability demonstrates that earnings power is not consistently stable. Such cyclicality can make future cash generation, returns, and funding capacity fluctuate materially across operating conditions.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth and Margins
Recent revenue growth combined with exceptionally strong gross, EBIT, and net margins indicates effective monetization of the company’s mining output. If maintained, this profitability provides substantial internal funding for mine development, sustaining capital, and resilience across the next several quarters.
Read all positive factors
China Gold International Resources (2099) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$67.59B
Dividend Yield1.54%
Average Volume (3M)1.47M
Price to Earnings (P/E)11.2
Beta (1Y)1.13
Revenue Growth46.11%
EPS Growth163.54%
CountryHK
Employees2,160
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)1.94
Shares Outstanding396,413,760
10 Day Avg. Volume1,461,963
30 Day Avg. Volume1,465,602
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)3.46
Price to Sales (P/S)6.10
P/FCF Ratio12.50
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$252.66Price Target Upside-7.59% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)18.75
Revenue Forecast (FY)HK$14.31B
China Gold International Resources Business Overview & Revenue Model
Company Description
China Gold International Resources Corp. Ltd. operates as a mining firm specializing in the acquisition, exploration, development, and extraction of gold and base metals. Its mineral properties are predominantly situated within the People's Republ...
How the Company Makes Money
China Gold International makes money primarily by producing and selling mineral products from its mining operations. Its key revenue streams typically include: (1) Sales of gold-related products: revenue generated from selling gold produced from i...
China Gold International Resources Financial Statement Overview
Summary
Income Statement
84
Very Positive
Balance Sheet
78
Positive
Cash Flow
81
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.64B | 1.31B | 756.65M | 459.43M | 1.10B | 1.14B |
| Gross Profit | 1.01B | 676.87M | 179.95M | 72.71M | 387.01M | 399.47M |
| EBITDA | 1.08B | 742.22M | 258.77M | 124.19M | 508.69M | 518.08M |
| Net Income | 769.13M | 466.96M | 62.73M | -25.50M | 222.74M | 267.36M |
Balance Sheet | ||||||
| Total Assets | 3.60B | 3.36B | 2.94B | 2.83B | 3.19B | 3.26B |
| Cash, Cash Equivalents and Short-Term Investments | 1.03B | 705.29M | 302.02M | 97.24M | 428.45M | 208.13M |
| Total Debt | 477.24M | 547.48M | 743.10M | 767.95M | 835.09M | 973.27M |
| Total Liabilities | 936.27M | 1.02B | 1.15B | 1.11B | 1.29B | 1.42B |
| Stockholders Equity | 2.63B | 2.31B | 1.76B | 1.71B | 1.88B | 1.82B |
Cash Flow | ||||||
| Free Cash Flow | 880.86M | 639.05M | 222.26M | -59.90M | 401.70M | 263.20M |
| Operating Cash Flow | 938.04M | 709.98M | 306.90M | 1.57M | 447.28M | 417.27M |
| Investing Cash Flow | -707.53M | -246.83M | -204.88M | -121.30M | -33.34M | -150.71M |
| Financing Cash Flow | -1.34B | -253.69M | -16.17M | -205.23M | -185.31M | -307.54M |
China Gold International Resources Technical Analysis
Negative
273.40
Price Trends
230.82
Negative
195.82
Negative
185.17
Negative
Market Momentum
-13.35
Positive
30.51
Neutral
24.95
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2099, the sentiment is Negative. The current price of 273.4 is above the 20-day moving average (MA) of 202.88, above the 50-day MA of 230.82, and above the 200-day MA of 185.17, indicating a bearish trend. The MACD of -13.35 indicates Positive momentum. The RSI at 30.51 is Neutral, neither overbought nor oversold. The STOCH value of 24.95 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2099.
China Gold International Resources Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | HK$67.59B | 11.20 | 32.45% | 1.54% | 46.11% | 163.54% | |
77 Outperform | C$8.08B | 14.07 | 19.46% | 0.82% | 49.16% | 130.45% | |
73 Outperform | C$11.21B | 17.00 | 20.95% | ― | 72.30% | 209.12% | |
68 Neutral | C$4.15B | 10.51 | 19.15% | 0.85% | 94.26% | 3705.15% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
53 Neutral | C$2.98B | 31.62 | 10.49% | ― | 197.63% | ― | |
43 Neutral | C$1.55B | -36.96 | 54.41% | ― | ― | 56.26% |
* Basic Materials Sector Average
HK:2099
China Gold International Resources
170.50
44.80
35.64%
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China Gold International Resources Corporate Events
China Gold International Says Jiama Mine Unaffected by Tibet Quake, Reaffirms 2026 Output Target
Oct 27, 2026
China Gold International Resources Corp. Ltd., a Vancouver-based miner listed in Hong Kong and Toronto, focuses on copper, gold and polymetallic mining, anchored by its flagship Jiama Copper-Gold Polymetallic Mine in Tibet. The mine, operated by s...
China Gold International Restarts CSH Mine Operations, Keeps 2026 Guidance Intact
Oct 26, 2026
China Gold International Resources has resumed full mining operations at its Chang Shan Hao open-pit gold mine after a localized slope instability incident in May 2026 led to a temporary suspension of mining activities. During the halt, the proces...
China Gold International Tightens Group Finance Deal, Triggers Shareholder Approvals
Oct 15, 2026
China Gold International Resources has entered into a Second Supplemental Financial Services Agreement with China Gold Finance, revising pricing for deposit and lending services, extending the existing 2024 agreement to the end of 2029 and adding ...
China Gold International Wins Approval to Remediate CSH Mine Slopes and Plan Safe Restart
Aug 17, 2026
China Gold International Resources has secured regulatory approval for slope remediation and prevention plans at its Chang Shan Hao open-pit gold mine, a key asset in its China portfolio. The company has engaged external geotechnical experts and w...
China Gold International Taps SRK for CSH Mine Underground Feasibility Study
Aug 17, 2026
China Gold International Resources has hired SRK Consulting to carry out an independent feasibility-level assessment and NI 43-101 technical report for the planned underground development of its Chang Shan Hao Gold Mine in Inner Mongolia. The work...
China Gold International posts surging H1 2026 profit and cash flow
Aug 13, 2026
China Gold International Resources reported a sharp improvement in interim results for the six months to 30 June 2026, with revenue rising to US$914.2 million from US$580.4 million a year earlier and net income jumping to US$512.1 million from US$...
China Gold International Sets New Revenue and Profit Records in First Half of 2026
Aug 13, 2026
China Gold International Resources reported record revenue and net profit for the second quarter and first half of 2026, driven by strong copper output and favourable market conditions despite lower gold production. Second-quarter revenue jumped 5...
China Gold International Backs Super-Pit Expansion Plan at Jiama Mine
Aug 13, 2026
China Gold International Resources has approved a new development plan for the Jiama Copper-Polymetallic Mine in Tibet, submitted by its wholly owned unit Tibet Huatailong Mining Development. The plan underpins a potential super-pit expansion and ...
China Gold International Sets Board Meeting to Review Interim Results
Jul 31, 2026
China Gold International Resources has scheduled a board meeting for August 13, 2016 Beijing time, corresponding to August 12, 2016 in Vancouver, to review and potentially approve the company’s interim results for the six months ended June 3...
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.