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China Hanking Holdings Ltd.
(3788)
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Rating:54Neutral
Price Target:
HK$3.00
▼(-19.79% Downside)
Action:Reiterated
Date:08/22/26
The score is primarily held back by weakening fundamentals—especially the recent negative free cash flow and compressed margins—despite manageable leverage. Technicals are constructive with price above major moving averages, but overbought momentum signals temper the outlook. Valuation is a further drag due to the high P/E and modest dividend yield.
Positive Factors
Manageable leverage
Relatively stable leverage and a higher equity base provide China Hanking with a reasonable financial foundation for a cyclical resource business. This supports continued operations and leaves more flexibility to manage commodity fluctuations than a balance sheet burdened by rapidly rising debt.
Negative Factors
Revenue contraction
Persistent revenue weakness indicates that the business has not maintained its earlier scale of sales, reducing operating leverage and limiting the resources available for investment. Continued contraction would make earnings more dependent on cost control and commodity prices rather than business expansion.
Read all positive and negative factors
Positive Factors
Negative Factors
Manageable leverage
Relatively stable leverage and a higher equity base provide China Hanking with a reasonable financial foundation for a cyclical resource business. This supports continued operations and leaves more flexibility to manage commodity fluctuations than a balance sheet burdened by rapidly rising debt.
Read all positive factors
China Hanking Holdings Ltd. (3788) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$6.58B
Dividend Yield1.46%
Average Volume (3M)1.50M
Price to Earnings (P/E)206.8
Beta (1Y)0.99
Revenue Growth-18.57%
EPS Growth-89.19%
CountryHK
Employees1,697
SectorBasic Materials
Sector Strength58
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)0.01
Shares Outstanding2,444,647,700
10 Day Avg. Volume1,362,400
30 Day Avg. Volume1,496,115
Financial Highlights & Ratios
PEG Ratio-6.37
Price to Book (P/B)3.42
Price to Sales (P/S)2.46
P/FCF Ratio-82.10
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)N/A
Revenue Forecast (FY)N/A
China Hanking Holdings Ltd. Business Overview & Revenue Model
Company Description
China Hanking Holdings Limited is an enterprise primarily focused on the entire value chain of mineral resources, encompassing exploration, extraction, processing, refining, and sales. Its operations span both the People's Republic of China and Au...
How the Company Makes Money
The company primarily makes money by producing and selling mineral products from its mining operations, with revenue largely driven by (1) sales volumes (how much ore/concentrate/metal is produced and sold) and (2) realized commodity prices (espec...
China Hanking Holdings Ltd. Financial Statement Overview
Summary
Income Statement
55
Neutral
Balance Sheet
62
Positive
Cash Flow
40
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.05B | 2.56B | 2.48B | 3.03B | 2.60B | 3.13B |
| Gross Profit | 516.61M | 690.39M | 673.56M | 621.95M | 358.00M | 1.22B |
| EBITDA | 188.70M | 488.90M | 510.54M | 437.69M | 221.99M | 1.10B |
| Net Income | 16.53M | 172.15M | 180.94M | 151.80M | -51.30M | 658.96M |
Balance Sheet | ||||||
| Total Assets | 4.68B | 4.04B | 3.59B | 3.61B | 3.36B | 3.81B |
| Cash, Cash Equivalents and Short-Term Investments | 2.00B | 1.29B | 359.93M | 664.94M | 249.81M | 280.49M |
| Total Debt | 880.20M | 1.12B | 905.00M | 789.02M | 608.17M | 645.97M |
| Total Liabilities | 2.09B | 2.10B | 2.15B | 2.16B | 2.08B | 2.24B |
| Stockholders Equity | 2.60B | 1.84B | 1.43B | 1.40B | 1.27B | 1.56B |
Cash Flow | ||||||
| Free Cash Flow | -105.35M | -76.60M | 40.38M | 185.36M | 38.91M | 781.52M |
| Operating Cash Flow | 176.63M | 112.52M | 178.67M | 318.96M | 194.06M | 1.00B |
| Investing Cash Flow | -991.71M | -381.16M | -68.22M | -114.97M | -43.68M | -489.96M |
| Financing Cash Flow | 866.67M | 284.30M | -22.01M | -67.16M | -298.89M | -421.44M |
China Hanking Holdings Ltd. Technical Analysis
Negative
3.74
Price Trends
3.16
Negative
2.86
Negative
3.40
Negative
Market Momentum
-0.11
Positive
36.72
Neutral
15.43
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3788, the sentiment is Negative. The current price of 3.74 is above the 20-day moving average (MA) of 3.00, above the 50-day MA of 3.16, and above the 200-day MA of 3.40, indicating a bearish trend. The MACD of -0.11 indicates Positive momentum. The RSI at 36.72 is Neutral, neither overbought nor oversold. The STOCH value of 15.43 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:3788.
China Hanking Holdings Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
54 Neutral | HK$6.58B | 206.81 | 0.74% | 1.46% | -18.57% | -89.19% | |
52 Neutral | HK$1.01B | 29.47 | 1.78% | 4.01% | 12.73% | 69.04% | |
49 Neutral | HK$3.39B | 10.91 | 1.18% | 2.19% | -0.43% | 7.50% | |
48 Neutral | HK$116.95M | -9.59 | -1.67% | 2.37% | -9.05% | 44.68% | |
47 Neutral | HK$159.07M | -0.77 | -19.78% | ― | 12.93% | 67.33% | |
44 Neutral | HK$1.20B | -19.12 | -35.39% | ― | -56.46% | -275.00% |
* Basic Materials Sector Average
HK:3788
China Hanking Holdings Ltd.
2.69
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-36.10%
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China Hanking Holdings Ltd. Corporate Events
Hanking Gold Awards Metso Key Mt Bundy Crushing and Screening Contract
Sep 11, 2026
Hanking Gold International’s Mt Bundy Gold Project has reached a key milestone with Primary Gold Pty Ltd awarding Metso Australia complete crushing and screening equipment packages for the dry plant, following a competitive tender managed by...
Hanking Gold Finds Significant Gold in Mt Bundy Waste Dump
Aug 21, 2026
Hanking Gold International has reported that recent reverse circulation drilling over the historical waste dump at the Rustlers Roost deposit, part of its Mt Bundy Gold Project in Australia, has confirmed significant gold mineralisation. The mater...
Hanking Gold Advances Gold Projects but Slips into Loss on 2026 Interim Results
Aug 20, 2026
Hanking Gold International Limited reported interim results for the six months ended 30 June 2026 that highlight continued investment in its gold growth projects alongside steady domestic iron ore operations. The Mt Bundy Gold Project advanced on ...
Hanking Gold Names Lead Independent Director to Bolster Governance
Aug 20, 2026
Hanking Gold International Limited has appointed independent non-executive director Wang Ping as its lead independent non-executive director, effective 20 August 2026. Wang currently chairs the audit and remuneration committees and serves on the n...
Hanking Gold Details Board Composition and Governance Committee Roles
Aug 20, 2026
Hanking Gold International Limited has announced the current composition of its board, detailing executive, non‑executive, and independent non‑executive directors, including CEO and President Dr. Qiu Yumin and Chairman Mr. Xia Zhuo. Th...
Hanking Gold Details Independent Contractors for Mt Bundy Processing Plant
Aug 13, 2026
Hanking Gold International Limited has issued a supplemental announcement regarding the award of engineering, procurement and construction (EPC) and engineering, procurement and construction management (EPCM) contracts for the 5.5 MTPA processing ...
Hanking Gold Begins Construction of Major Mt Bundy Gold Processing Plant in Australia
Aug 12, 2026
Hanking Gold International has begun full-scale construction of a 5.5-million-tonnes-per-annum processing plant at its Mt Bundy Gold Project in Australia, following the award of EPC and EPCM contracts to Delonix Solutions Projects Pty Ltd and CPC ...
Hanking Gold Awards AUD121 Million in Mt Bundy Processing Plant Contracts
Aug 10, 2026
Hanking Gold International’s subsidiary Primary Gold has awarded two major contracts worth about AUD120.98 million to build a 5.5 million tonnes-per-annum processing plant at the Mt Bundy Gold Project in Australia. Following a competitive te...
Hanking Gold Sets August Board Meeting to Approve Interim Results and Mull Dividend
Aug 5, 2026
Hanking Gold International Limited has scheduled a board meeting for 20 August 2026 to review and approve the interim results for the six months ended 30 June 2026. The board will also consider the potential payment of an interim dividend, a decis...
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.