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Jinchuan Group International Resources Co. Ltd
(2362)
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Rating:51Neutral
Price Target:
HK$0.68
▲(6.72% Upside)
Action:Reiterated
Date:10/23/26
Overall score reflects mixed fundamentals: improving profitability and stable equity are outweighed by sustained negative free cash flow and weak cash conversion, which are the primary risks. Technicals add pressure as the stock trades below major moving averages with subdued momentum. Valuation is a partial offset due to a moderate P/E and very high dividend yield.
Positive Factors
Profitability recovery
The return to profitability and stronger gross and EBITDA margins indicate that operating economics improved after the losses recorded in 2023–2024. If maintained, better margins can strengthen earnings resilience and provide a more sustainable base for future operations.
Negative Factors
Persistent negative free cash flow
Sustained negative free cash flow means reported operations have not generated enough cash after investment needs over the latest four years. This can reduce financial flexibility, constrain internally funded growth, and make the business more sensitive to weaker operating conditions.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability recovery
The return to profitability and stronger gross and EBITDA margins indicate that operating economics improved after the losses recorded in 2023–2024. If maintained, better margins can strengthen earnings resilience and provide a more sustainable base for future operations.
Read all positive factors
Jinchuan Group International Resources Co. Ltd (2362) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$8.47B
Dividend Yield0.29%
Average Volume (3M)50.35M
Price to Earnings (P/E)14.4
Beta (1Y)0.41
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. Volume27,064,917
30 Day Avg. Volume50,348,625
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 Technical Analysis
Neutral
0.64
Price Trends
0.66
Negative
0.65
Negative
0.65
Negative
Market Momentum
-0.02
Positive
47.98
Neutral
51.52
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2362, the sentiment is Neutral. The current price of 0.64 is below the 20-day moving average (MA) of 0.69, below the 50-day MA of 0.66, and below the 200-day MA of 0.65, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 47.98 is Neutral, neither overbought nor oversold. The STOCH value of 51.52 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:2362.
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$88.25B | 9.94 | 21.98% | 4.00% | 48.11% | 113.97% | |
76 Outperform | HK$46.75B | 10.45 | 21.88% | 3.44% | 10.77% | 30.27% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
55 Neutral | HK$112.05B | 8.71 | 14.87% | 4.65% | 22.00% | 61.99% | |
53 Neutral | HK$3.57B | 10.44 | 15.32% | 1.53% | 51.59% | 71.49% | |
51 Neutral | HK$8.47B | 14.43 | 7.51% | 0.29% | 65.26% | ― | |
51 Neutral | HK$1.99B | 3.33 | 15.07% | 15.43% | 48.16% | ― |
* Basic Materials Sector Average
HK:2362
Jinchuan Group International Resources Co. Ltd
0.65
<0.01
0.78%
HK:0358
Jiangxi Copper Company
24.26
-7.07
-22.57%
HK:1208
MMG
6.87
-0.04
-0.58%
HK:1258
China Nonferrous Mining Corp. Ltd.
11.98
-1.90
-13.69%
HK:0661
China Daye Non-Ferrous Metals Mining Limited
0.11
0.01
11.00%
HK:9936
Ximei Resources Holding Ltd.
8.62
1.21
16.29%
Jinchuan Group International Resources Co. Ltd Corporate Events
Jinchuan Group International Resources Plans Share Buyback of Up to 10% of Capital
Oct 28, 2026
Jinchuan Group International Resources has announced that its board intends to exercise a shareholder-approved mandate to repurchase up to 1,313,208,205 shares, equivalent to 10% of its issued share capital, on the Hong Kong market. The company, w...
Jinchuan Group International Resources Clears HKEX Hurdles to Resume Trading
Sep 29, 2026
Jinchuan Group International Resources Co. Ltd has announced that it has met all requirements set by the Hong Kong Stock Exchange for the resumption of trading in its shares, which had been suspended since March 28, 2025. The company’s effor...
Jinchuan Group International Advances Bid to Resume Trading on HKEX
Sep 24, 2026
Jinchuan Group International Resources Co. Ltd has provided a quarterly update on its efforts to resume trading of its shares on the Hong Kong Stock Exchange, after trading was suspended in March 2025. The company operates within the resources sec...
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...
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.