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Jinchuan Group International Resources Co. Ltd
(2362)
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Rating:56Neutral
Price Target:
HK$0.66
▲(2.97% Upside)
Action:N/A
Date:09/23/26
The score is held back primarily by weak cash generation (multi-year negative free cash flow and weak cash conversion in 2025) and rising leverage, despite improved 2025 profitability. Valuation is a relative positive with a moderate P/E and strong dividend yield, while technicals look largely neutral with limited trend momentum.
Positive Factors
Copper and cobalt resource platform
The company operates across exploration, mining, processing and related trading, giving it an established base-metal platform rather than reliance on a single activity. Copper and cobalt exposure provides participation in industrial and battery-linked demand while trading can complement mined output.
Negative Factors
Persistent negative free cash flow
Repeated negative free cash flow signals that the business has not consistently converted operations into discretionary cash in recent years. Sustained cash burn can restrict investment flexibility, increase reliance on financing, and make reported profitability less durable.
Read all positive and negative factors
Positive Factors
Negative Factors
Copper and cobalt resource platform
The company operates across exploration, mining, processing and related trading, giving it an established base-metal platform rather than reliance on a single activity. Copper and cobalt exposure provides participation in industrial and battery-linked demand while trading can complement mined output.
Read all positive factors
Jinchuan Group International Resources Co. Ltd (2362) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$8.40B
Dividend Yield0.31%
Average Volume (3M)0.00
Price to Earnings (P/E)14.3
Beta (1Y)0.98
Revenue Growth65.26%
EPS GrowthN/A
CountryHK
Employees1,683
SectorBasic Materials
Sector Strength58
IndustryCopper
Share Statistics
EPS (TTM)<0.01
Shares Outstanding13,132,082,000
10 Day Avg. Volume0
30 Day Avg. Volume0
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)1.09
Price to Sales (P/S)2.21
P/FCF Ratio-11.06
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)0.04
Revenue Forecast (FY)HK$2.64B
Jinchuan Group International Resources Co. Ltd Business Overview & Revenue Model
Company Description
Jinchuan Group International Resources Co. Ltd functions as an investment holding firm with its primary focus on mining endeavors. The company's operations encompass the extraction and processing of various minerals, notably copper, cobalt, copper...
How the Company Makes Money
The company makes money mainly through: (1) Sales of mined and processed metals: Revenue is generated by producing and selling base metal products (primarily copper and cobalt). Earnings are driven by production volumes, realized commodity prices ...
Jinchuan Group International Resources Co. Ltd Financial Statement Overview
Summary
Income Statement
55
Neutral
Balance Sheet
63
Positive
Cash Flow
28
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 759.57M | 482.62M | 561.87M | 638.86M | 881.60M | 831.90M |
| Gross Profit | 238.81M | 109.94M | 55.93M | 70.75M | 68.48M | 251.66M |
| EBITDA | 298.64M | 165.53M | 132.23M | 126.75M | 109.90M | 371.56M |
| Net Income | 74.92M | 32.70M | -2.46M | -11.56M | 1.03M | 120.53M |
Balance Sheet | ||||||
| Total Assets | 2.90B | 2.79B | 2.46B | 2.17B | 2.03B | 2.04B |
| Cash, Cash Equivalents and Short-Term Investments | 257.32M | 172.21M | 93.26M | 87.87M | 92.43M | 218.76M |
| Total Debt | 570.85M | 582.58M | 386.21M | 280.31M | 199.43M | 359.78M |
| Total Liabilities | 1.70B | 1.63B | 1.30B | 1.02B | 863.44M | 861.71M |
| Stockholders Equity | 1.02B | 977.35M | 983.50M | 985.46M | 1.00B | 1.01B |
Cash Flow | ||||||
| Free Cash Flow | 50.14M | -96.54M | -139.42M | -120.41M | -46.67M | 115.83M |
| Operating Cash Flow | 155.56M | 11.19M | 24.81M | 31.28M | 49.68M | 206.31M |
| Investing Cash Flow | -134.71M | -74.31M | -173.01M | -161.46M | -86.59M | -76.82M |
| Financing Cash Flow | 54.20M | 160.24M | 143.60M | 99.34M | -85.19M | -2.84M |
Jinchuan Group International Resources Co. Ltd Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | HK$112.47B | 12.83 | 21.98% | 4.00% | 48.11% | 113.97% | |
76 Outperform | HK$62.43B | 13.87 | 21.88% | 2.59% | 10.77% | 30.27% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
56 Neutral | HK$8.40B | 14.32 | 7.51% | 0.31% | 65.26% | ― | |
55 Neutral | HK$156.60B | 13.26 | 13.85% | 3.30% | 22.00% | 61.99% | |
52 Neutral | HK$6.17B | 17.64 | 15.32% | 0.91% | 51.59% | 71.49% | |
51 Neutral | HK$2.54B | 4.20 | 15.07% | 15.43% | 48.16% | ― |
* Basic Materials Sector Average
HK:2362
Jinchuan Group International Resources Co. Ltd
0.64
0.00
0.00%
HK:0358
Jiangxi Copper Company
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MMG
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3.13
54.44%
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China Nonferrous Mining Corp. Ltd.
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35.75%
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China Daye Non-Ferrous Metals Mining Limited
0.14
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131.67%
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Ximei Resources Holding Ltd.
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160.98%
Jinchuan Group International Resources Co. Ltd Corporate Events
Jinchuan Group International Resources Delivers Strong Interim Profit Rebound
Aug 14, 2026
Jinchuan Group International Resources reported a sharp improvement in interim performance for the six months ended 30 June 2026, with revenue rising to US$460.2 million from US$182.4 million a year earlier and gross profit jumping to US$167.5 mil...
Jinchuan flags strong interim profit surge on copper gains despite ongoing trading halt
Aug 11, 2026
Jinchuan Group International Resources expects a sharp rise in interim profit for the six months to 30 June 2026, projecting attributable earnings of about US$30 million to US$50 million versus US$5.5 million a year earlier. The improvement is dri...
Jinchuan Group Sets Board Meeting as Share Suspension Persists
Aug 4, 2026
Jinchuan Group International Resources Co. Ltd, incorporated in the Cayman Islands and listed in Hong Kong, operates in the international resources sector through a network of subsidiaries. Its board consists of four executive directors, one non-e...
Jinchuan’s Musonoi Mine Drives 2026 Output Surge Amid Ongoing Share Suspension
Jul 31, 2026
Jinchuan Group International Resources reported a sharp year‑on‑year increase in copper and cobalt production for the first half of 2026, driven by the commercial ramp‑up of its Musonoi Mine in the DRC. Copper output rose about 3...
Jinchuan Group Affirms Internal Control Fixes as Trading Suspension Persists
Jul 27, 2026
Jinchuan Group International Resources Co. Ltd, a Hong Kong-listed mining group incorporated in the Cayman Islands, operates the Ruashi, Kinsenda and Musonoi mines, giving it a significant presence in non-ferrous resources. The company’s gov...
Jinchuan Group Forensic Probe Confirms Misconduct Findings as Trading Halt Persists
Jul 24, 2026
Jinchuan Group International Resources said an independent forensic accountant has completed additional procedures on earlier findings related to misconduct and internal control weaknesses at its Ruashi Mine, without materially changing the origin...
Jinchuan Group International Resources Revamps Board After Partial Offer
Jul 7, 2026
Jinchuan Group International Resources Co. Ltd announced a significant reshuffle of its board, effective 7 July 2026, following the close of an unconditional voluntary cash partial offer. Executive director and board chairman Cheng Yonghong steppe...
Jinchuan Group International Resources Sets Post-Offer Board Line-Up and Committees
Jul 7, 2026
Following the close of an unconditional voluntary cash partial offer on 7 July 2026, Jinchuan Group International Resources Co. Ltd announced the composition of its board of directors and detailed the roles of each member across executive, non-exe...
Gong Hailin’s Partial Offer for Jinchuan Group Shares Closes with Limited Uptake
Jul 7, 2026
Investor Gong Hailin’s unconditional voluntary cash partial offer to acquire up to 130,000,000 shares in Jinchuan Group International Resources Co. Ltd at HK$0.30 per share has closed with relatively modest shareholder participation. By the ...
Jinchuan Group Sets Out Progress on Hong Kong Trading Resumption Plan
Jun 30, 2026
Jinchuan Group International Resources has provided a quarterly update on its efforts to resume trading in its shares on the Hong Kong Stock Exchange, after earlier delays in publishing its 2024 annual results and 2025 interim results led to a sus...
Jinchuan trims Kinsenda stake as DRC state takes 5% for permit renewal
Jun 29, 2026
Jinchuan Group International Resources has renewed the mining permit for its Kinsenda underground copper mine in the Democratic Republic of Congo for an additional 15 years to October 2036, extending the operation beyond its estimated remaining mi...
Jinchuan Group Investors Back All AGM Resolutions, Approve 2025 Dividends
Jun 26, 2026
Shareholders of Jinchuan Group International Resources Co. Ltd overwhelmingly approved all resolutions at the annual general meeting held on 26 June 2026, including the adoption of audited consolidated financial statements for the years ended 31 D...
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.