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Ximei Resources Holding Ltd.
(9936)
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Rating:53Neutral
Price Target:
HK$9.00
▲(47.54% Upside)
Action:Reiterated
Date:10/11/26
The score is held back primarily by weak cash-flow quality (negative operating and free cash flow in the latest year) and a higher leverage profile, despite solid revenue growth and ongoing profitability. Technical conditions are also unfavorable with the stock below major moving averages and bearish momentum. Valuation is reasonably supportive (P/E ~14.3, modest yield), but not enough to offset the financial and technical risks.
Positive Factors
Revenue Growth
Revenue expanded 16.6% in 2025 after modest 2024 growth, indicating renewed business scaling. If sustained, this larger revenue base can support reinvestment and improve operating leverage, although execution must preserve profitability.
Negative Factors
Weak Cash Conversion
Negative operating cash flow and repeated free-cash-flow deficits indicate that reported earnings are not consistently converting into cash. This can reduce internally generated funding for growth, increase reliance on financing, and make financial performance more vulnerable to working-capital volatility.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Revenue expanded 16.6% in 2025 after modest 2024 growth, indicating renewed business scaling. If sustained, this larger revenue base can support reinvestment and improve operating leverage, although execution must preserve profitability.
Read all positive factors
Ximei Resources Holding Ltd. (9936) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$3.62B
Dividend Yield1.5%
Average Volume (3M)1.28M
Price to Earnings (P/E)10.6
Beta (1Y)-0.10
Revenue Growth51.59%
EPS Growth71.49%
CountryHK
Employees842
SectorBasic Materials
Sector Strength58
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)0.70
Shares Outstanding414,100,000
10 Day Avg. Volume1,493,788
30 Day Avg. Volume1,281,001
Financial Highlights & Ratios
PEG Ratio0.33
Price to Book (P/B)1.48
Price to Sales (P/S)0.93
P/FCF Ratio-10.64
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$27.49Price Target Upside350.66% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.81
Revenue Forecast (FY)HK$3.17B
Ximei Resources Holding Ltd. Business Overview & Revenue Model
Company Description
Ximei Resources Holding Limited specializes in the manufacturing and global distribution of metallurgical products derived from tantalum and niobium. Its market reach extends across the People's Republic of China, the United States, Europe, and ot...
Ximei Resources Holding Ltd. Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
60
Neutral
Cash Flow
32
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.74B | 2.24B | 1.82B | 1.40B | 1.02B | 763.73M |
| Gross Profit | 611.72M | 468.53M | 396.77M | 310.42M | 305.90M | 211.06M |
| EBITDA | 391.88M | 266.60M | 224.30M | 180.98M | 168.36M | 148.85M |
| Net Income | 264.54M | 171.60M | 124.19M | 87.14M | 104.73M | 102.06M |
Balance Sheet | ||||||
| Total Assets | 4.17B | 3.13B | 2.14B | 1.93B | 1.70B | 1.08B |
| Cash, Cash Equivalents and Short-Term Investments | 844.11M | 431.68M | 190.57M | 120.28M | 330.21M | 207.88M |
| Total Debt | 1.38B | 1.27B | 607.26M | 656.70M | 515.44M | 374.39M |
| Total Liabilities | 2.00B | 1.58B | 841.33M | 822.05M | 696.98M | 459.60M |
| Stockholders Equity | 2.04B | 1.41B | 1.18B | 1.03B | 940.82M | 622.78M |
Cash Flow | ||||||
| Free Cash Flow | -168.75M | -196.70M | 97.68M | -310.81M | -208.90M | -32.97M |
| Operating Cash Flow | 46.10M | -66.89M | 118.95M | -238.74M | -42.28M | 111.97M |
| Investing Cash Flow | -286.84M | -211.52M | -31.76M | -84.32M | -168.43M | -185.47M |
| Financing Cash Flow | 889.51M | 440.34M | -25.52M | 113.36M | 355.68M | 61.81M |
Ximei Resources Holding Ltd. Technical Analysis
Negative
6.10
Price Trends
12.77
Negative
13.98
Negative
13.82
Negative
Market Momentum
-1.25
Positive
31.16
Neutral
38.45
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:9936, the sentiment is Negative. The current price of 6.1 is below the 20-day moving average (MA) of 10.60, below the 50-day MA of 12.77, and below the 200-day MA of 13.82, indicating a bearish trend. The MACD of -1.25 indicates Positive momentum. The RSI at 31.16 is Neutral, neither overbought nor oversold. The STOCH value of 38.45 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:9936.
Ximei Resources Holding Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | HK$9.99B | -20.49 | -3.56% | 0.39% | 13.49% | -34.73% | |
62 Neutral | HK$1.45B | 6.76 | 5.15% | 7.78% | 6.66% | 65.39% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
53 Neutral | HK$3.62B | 10.61 | 15.32% | 1.50% | 51.59% | 71.49% | |
53 Neutral | HK$3.36B | -2.70 | -51.09% | 1.64% | 11.19% | -3035.78% | |
51 Neutral | HK$852.91M | 18.35 | 2.33% | 3.05% | -4.75% | ― | |
45 Neutral | HK$3.55B | -190.18 | -8.09% | 2.18% | 3.15% | 50.74% |
* Basic Materials Sector Average
HK:9936
Ximei Resources Holding Ltd.
8.75
1.34
18.05%
HK:0336
Huabao International Holdings
3.10
-0.38
-11.05%
HK:0408
Yip's Chemical Holdings
2.57
0.73
39.52%
HK:3318
China Boton Group Co., Ltd.
3.11
1.29
70.88%
HK:0301
SANVO Fine Chemicals Group Limited
7.54
6.29
503.20%
HK:2502
Henan Jinyuan Hydrogenated Chemicals Co., Ltd. Class H
0.51
0.13
34.21%
Ximei Resources Holding Ltd. Corporate Events
Ximei Resources Strengthens Governance With Fully Independent Nomination Committee
Sep 24, 2026
Ximei Resources Holding Limited has announced changes to the composition of its nomination committee as part of efforts to further enhance its corporate governance standards. The board has adjusted committee leadership to increase independent over...
Ximei Resources Details Board and Committee Structure to Bolster Governance
Sep 24, 2026
Ximei Resources Holding Ltd. has outlined the composition of its board of directors and detailed the roles and functions across its three key board committees, namely audit, remuneration and nomination. Independent non-executive directors hold all...
Ximei Resources Posts Surging Interim Profit and Strengthens Balance Sheet
Aug 27, 2026
Ximei Resources Holding Ltd. reported a strong interim performance for the six months ended 30 June 2026, with revenue rising 52.2% year-on-year to RMB1.45 billion and gross profit climbing 63.1% to RMB369.1 million. Gross margin improved to 25.4%...
Ximei Resources Details Pricing Safeguards in Tantalum Deal With Ganfeng Lithium
Aug 19, 2026
Ximei Resources Holding Limited, a Hong Kong-listed metals and mining company specializing in tantalum products, sources materials of varying grades and specifications for industrial customers. Its operations depend on competitive, market-aligned ...
Ximei Resources Board to Review Interim Results and Possible Dividend
Aug 17, 2026
Ximei Resources Holding Limited has scheduled a board meeting for 27 August 2026 to review and approve the Group’s unaudited interim results for the six months ended 30 June 2026. The board will also consider whether to recommend an interim ...
Ximei Resources flags sharp interim profit surge on strong metal demand
Aug 12, 2026
Ximei Resources Holding Limited has issued a positive profit alert, telling shareholders and potential investors it expects a sharp rise in profit attributable to shareholders for the six months ended 30 June 2026. The group forecasts profit of ro...
Ximei Resources Signs Connected Tantalum Supply Deal with Ganfeng Lithium
Aug 6, 2026
Ximei Resources Holding Ltd. has entered into a Tantalum Procurement Framework Agreement with Ganfeng Lithium, under which Ximei will purchase specified tantalum products from Ganfeng and its subsidiaries from 6 August 2026 to 31 December 2028. Th...
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.