Want to see HK:9936 full AI Analyst Report?
Top Page
Ximei Resources Holding Ltd.
(9936)
Select Model
Select Model
Rating:52Neutral
Price Target:
HK$13.50
▲(121.31% Upside)
Action:Reiterated
Date:07/11/26
The score is held back primarily by weak cash-flow quality (negative operating cash flow in 2025 and recurring negative free cash flow) and a higher-leverage balance sheet. Technicals are also soft with the price trading below major moving averages. Revenue growth and ongoing profitability provide some support, but valuation (P/E ~27.5 with a low ~0.87% yield) limits upside appeal given the current fundamental risks.
Positive Factors
Strong Revenue Expansion
Strong multi-year revenue scaling and renewed growth in 2025 indicate expanding business activity and continued demand. Sustained top-line progress can support operating investment, broaden the company’s commercial base, and provide a foundation for future earnings growth if profitability stabilizes.
Negative Factors
Weak Cash-Flow Conversion
Negative operating and free cash flow show that reported earnings are not consistently converting into cash. Persistent volatility can constrain internally funded growth, increase reliance on financing, and make results more sensitive to working-capital movements or elevated investment requirements.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Expansion
Strong multi-year revenue scaling and renewed growth in 2025 indicate expanding business activity and continued demand. Sustained top-line progress can support operating investment, broaden the company’s commercial base, and provide a foundation for future earnings growth if profitability stabilizes.
Read all positive factors
Ximei Resources Holding Ltd. (9936) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$5.53B
Dividend Yield0.94%
Average Volume (3M)1.39M
Price to Earnings (P/E)16.3
Beta (1Y)-0.20
Revenue Growth51.59%
EPS Growth71.49%
CountryHK
Employees714
SectorBasic Materials
Sector Strength58
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)0.48
Shares Outstanding414,100,000
10 Day Avg. Volume1,237,970
30 Day Avg. Volume1,391,466
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 | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.24B | 1.82B | 1.40B | 1.02B | 763.73M |
| Gross Profit | 468.53M | 396.77M | 310.42M | 305.90M | 211.06M |
| EBITDA | 258.39M | 208.81M | 180.98M | 168.36M | 148.85M |
| Net Income | 171.60M | 124.19M | 87.14M | 104.73M | 102.06M |
Balance Sheet | |||||
| Total Assets | 3.13B | 2.14B | 1.93B | 1.70B | 1.08B |
| Cash, Cash Equivalents and Short-Term Investments | 431.68M | 190.57M | 120.28M | 330.21M | 207.88M |
| Total Debt | 1.27B | 607.26M | 656.70M | 515.44M | 374.39M |
| Total Liabilities | 1.58B | 841.33M | 822.05M | 696.98M | 459.60M |
| Stockholders Equity | 1.41B | 1.18B | 1.03B | 940.82M | 622.78M |
Cash Flow | |||||
| Free Cash Flow | -196.70M | 97.68M | -310.81M | -208.90M | -32.97M |
| Operating Cash Flow | -66.89M | 118.95M | -238.74M | -42.28M | 111.97M |
| Investing Cash Flow | -211.52M | -31.76M | -84.32M | -168.43M | -185.47M |
| Financing Cash Flow | 440.34M | -25.52M | 113.36M | 355.68M | 61.81M |
Ximei Resources Holding Ltd. Technical Analysis
Negative
6.10
Price Trends
14.66
Negative
15.54
Negative
12.84
Positive
Market Momentum
-0.02
Positive
48.32
Neutral
16.59
Positive
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 14.37, below the 50-day MA of 14.66, and below the 200-day MA of 12.84, indicating a neutral trend. The MACD of -0.02 indicates Positive momentum. The RSI at 48.32 is Neutral, neither overbought nor oversold. The STOCH value of 16.59 is Positive, 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 |
|---|---|---|---|---|---|---|---|
62 Neutral | HK$1.48B | 6.91 | 5.15% | 6.13% | 6.66% | 65.39% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
57 Neutral | HK$9.89B | -20.50 | -3.56% | 0.39% | 13.49% | -34.73% | |
52 Neutral | HK$5.53B | 16.34 | 15.32% | 0.94% | 51.59% | 71.49% | |
49 Neutral | HK$3.17B | -2.57 | -51.09% | 1.64% | 11.19% | -3035.78% | |
49 Neutral | HK$995.06M | 21.59 | 2.33% | 3.05% | -4.75% | ― | |
45 Neutral | HK$3.30B | -178.77 | -8.09% | 2.18% | 3.15% | 50.74% |
* Basic Materials Sector Average
HK:9936
Ximei Resources Holding Ltd.
14.01
8.23
142.30%
HK:0336
Huabao International Holdings
3.21
-1.22
-27.57%
HK:0408
Yip's Chemical Holdings
2.61
0.89
52.01%
HK:3318
China Boton Group Co., Ltd.
2.98
1.00
50.51%
HK:0301
SANVO Fine Chemicals Group Limited
7.02
5.74
448.44%
HK:2502
Henan Jinyuan Hydrogenated Chemicals Co., Ltd. Class H
0.60
0.13
26.60%
Ximei Resources Holding Ltd. Corporate Events
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...
Ximei Resources Confirms Rent Terms for Leizhou Right-of-Use Asset Deal
Jul 2, 2026
Ximei Resources Holding Limited has confirmed the rental terms for a previously announced acquisition of a right-of-use asset tied to a major lease arrangement with Leizhou Infrastructure. The signed Rent Confirmation sets the rent at approximatel...
Ximei Resources Wins Shareholder Backing for Dividend, Board Mandates at AGM
Jun 29, 2026
Shareholders of Ximei Resources Holding Limited approved all resolutions at the annual general meeting held on June 29, 2026, with participation representing about 61% of the issued share capital. The meeting endorsed the audited financial stateme...
Ximei Resources Discloses Leizhou Factory Lease and Right-of-Use Asset Transaction
Jun 11, 2026
Ximei Resources Holding Limited has disclosed that its indirect non-wholly owned subsidiary Ximei Leizhou entered into a series of agreements with Leizhou Infrastructure for a three-year lease of a factory in the Leizhou Economic Development Zone ...
Ximei Resources Completes Share Placing and Top-Up Subscription in Hong Kong
Jun 10, 2026
Ximei Resources Holding Limited has completed a placing of 34,100,000 existing shares at HK$16.10 per share through joint placing agents, distributing the stock on a best-effort basis to at least six independent investors. The transaction broadens...
Ximei Resources Maps Use of Share Proceeds for Upstream Expansion and Capacity Ramp-Up
Jun 8, 2026
Ximei Resources Holding Limited has detailed its plans for deploying proceeds from a recent top-up share subscription, allocating HK$161.2 million each to potential upstream mining investments and to business development and production expansion, ...
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.