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Jinchuan Group International Resources Co. Ltd (2362) AI Stock Analysis

HK:2362

Jinchuan Group International Resources Co. Ltd

(HKEX:2362)

Select Model
Rating:50Neutral
Price Target:HKD 0.65â–²(2.38% Upside)
Action:reiterated
Date:10/23/26

The score is primarily constrained by weak cash generation, rising leverage, and a share price below all provided moving averages. The recent return to profitability and moderate P/E provide some support, but they do not offset the company’s financial and technical risks.

Positive Factors
Profitability RecoveryThe return to positive net income in 2025, alongside better gross and EBITDA margins, indicates operational recovery after the 2023–2024 losses. If maintained, stronger unit economics can improve resilience and provide more internal capacity to fund operations, even though the earnings record remains cyclical.
Negative Factors
Persistent Negative Free Cash FlowNegative free cash flow in every year from 2022 through 2025 shows that reported operations have not translated into cash after investment needs. Persistent cash burn can reduce funding flexibility, increase reliance on external financing, and constrain the company’s ability to sustain or expand its asset base.

Jinchuan Group International Resources Co. Ltd (2362) vs. iShares MSCI Hong Kong ETF (EWH)

-20%-10%0%10%20%30%40%HK:2362+0.78%EWH+8.05%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
HKD 7.46B
Dividend Yield
0.31%
Average Volume (3M)
76.02M
Price to Earnings (P/E)
14.4
Beta (1Y)
0.41
Revenue Growth
65.26%
EPS Growth
―
Country
Hong Kong
Employees
1,683
Sector
Basic Materials
Sector Strength
61
Industry
Copper

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 co...

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 (li...

Jinchuan Group International Resources Co. Ltd Financial Statement Overview

Summary

The company returned to profitability in 2025 and retains a sizeable asset and equity base, but rising leverage, reduced returns on equity, and persistently weak operating and free cash flow materially weigh on financial quality.

Income Statement

60Neutral

Balance Sheet

52Neutral

Cash Flow

38Negative
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue759.57M482.62M561.87M638.86M881.60M831.90M
Gross Profit238.81M109.94M55.93M70.75M68.48M251.66M
EBITDA298.64M165.53M132.23M126.75M109.90M371.56M
Net Income74.92M32.70M-2.46M-11.56M1.03M120.53M
Balance Sheet
Total Assets2.90B2.79B2.46B2.17B2.03B2.04B
Cash, Cash Equivalents and Short-Term Investments257.32M172.21M93.26M87.87M92.43M218.76M
Total Debt570.85M582.58M386.21M280.31M199.43M359.78M
Total Liabilities1.70B1.63B1.30B1.02B863.44M861.71M
Stockholders Equity1.02B977.35M983.50M985.46M1.00B1.01B
Cash Flow
Free Cash Flow50.14M-96.54M-139.42M-120.41M-46.67M115.83M
Operating Cash Flow155.56M11.19M24.81M31.28M49.68M206.31M
Investing Cash Flow-134.71M-74.31M-173.01M-161.46M-86.59M-76.82M
Financing Cash Flow54.20M160.24M143.60M99.34M-85.19M-2.84M

Jinchuan Group International Resources Co. Ltd Technical Analysis

Technical Analysis SentimentNegative
Last Price0.63

Price Trends

50DMA0.66Negative
100DMA0.65Negative
200DMA0.65Negative

Market Momentum

MACD-0.02Positive
RSI46.83Neutral
STOCH62.72Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2362, the sentiment is Negative. The current price of 0.63 is below the 20-day moving average (MA) of 0.67, 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 46.83 is Neutral, neither overbought nor oversold. The STOCH value of 62.72 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2362.

Jinchuan Group International Resources Co. Ltd Peers Comparison

Overall Rating

UnderperformOutperform
Sector (61)

Financial Indicators

HK:2362 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
HK:1258HK:125879OutperformHKD 46.75B10.4521.88%3.44%10.77%30.27%
HK:1208HK:120878OutperformHKD 88.25B9.9421.98%―48.11%113.97%
Sector *61Neutral$10.43B7.12-0.05%2.87%2.86%-36.73%
HK:0358HK:035855NeutralHKD 112.05B8.7114.87%4.65%22.00%61.99%
HK:9936HK:993653NeutralHKD 3.57B10.4215.32%1.53%51.59%71.49%
HK:2362HK:236250NeutralHKD 8.47B14.437.51%0.31%65.26%―
HK:0661HK:066146NeutralHKD 1.99B3.3215.07%―48.16%―

* Basic Materials Sector Average

Performance Comparison

0%100%200%HK:2362HK:0358HK:1208HK:1258HK:0661HK:9936Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
HK:2362 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
HK:2362Jinchuan Group International Resources Co. Ltd0.650.010.78%
HK:0358Jiangxi Copper Company Class H24.26-4.97-16.99%
HK:1208MMG 6.870.416.35%
HK:1258China Nonferrous Mining Corp. Ltd.11.98-0.80-6.25%
HK:0661China Daye Non-Ferrous Metals Mining Limited0.110.0223.33%
HK:9936Ximei Resources Holding Ltd.8.621.8226.71%

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, whic...

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 efforts...

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 sector...

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 millio...

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 driven...

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-exec...

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.

Date of analysis: Oct 23, 2026