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Shandong Gold Mining Co., Ltd. logo

Shandong Gold Mining Co., Ltd.

1787.HK

HKSEBasic MaterialsGold

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Latest quote

HK$26.78

−HK$0.70 · -2.55%

Aug 24, 4:08 PM HKT

1787.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Shandong Gold Mining Co., Ltd. is primarily involved in the discovery, extraction, refinement, and marketing of gold and silver deposits throughout the People's Republic of China. The company structures its operations into three main divisions: Gold Mining, Gold Refining, and Investment Management. Beyond raw material extraction, it refines, manufactures, and distributes a variety of gold products. Its business scope also includes the production and sale of specialized equipment for gold mines, alongside construction and decorative materials. Financially, the firm invests in equity funds, trades gold bullion, and provides brokerage services for futures contracts, while also producing gold bullions, investment gold bars, and silver ingots. Comprehensive asset and investment management activities constitute another significant area of its enterprise. Shandong Gold Mining Co., Ltd. was established in 2000 and is headquartered in Jinan, People's Republic of China.

Industry
Gold
Sector
Basic Materials
Headquarters
CN
CEO
Tang Qi
Listed since
Sep 28, 2018
Employees
29,282

Market position

Day range

Current HK$26.78

52-week range

Current HK$26.78

Open
HK$28.30
Previous close
HK$27.48
Volume
55.04M
3.52× average
Average volume
15.65M
Average daily volume
Market cap
147.31B HKD
Beta
0.56
Market reference 1
50-day average
HK$20.3498
+31.60% above average
200-day average
HK$31.2271
-14.24% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
193.73B CNY
P/E (TTM)
32.3×
P/B (TTM)
5.26×
P/S (TTM)
1.52×
EV / EBITDA
10.61×
Earnings yield
3.02%
Free cash flow yield
5.47%
Dividend yield
0.77%

Profitability & efficiency

Gross margin
20.84%
Operating margin
12.76%
Net margin
4.65%
Return on equity
10.56%
Return on assets
2.78%
Return on invested capital
5.38%

Financial health

Debt / equity
2.71×
Current ratio
0.47×
Altman Z-score
1.47
Piotroski F-score
9 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends23%14%6%-3%Gross margin, FY2021: 10.56%Gross margin, FY2022: 14.10%Gross margin, FY2023: 16.60%Gross margin, FY2024: 16.50%Gross margin, FY2025: 20.46%Operating margin, FY2021: 0.05%Operating margin, FY2022: 6.74%Operating margin, FY2023: 6.11%Operating margin, FY2024: 6.96%Operating margin, FY2025: 9.00%Net margin, FY2021: -0.58%Net margin, FY2022: 2.48%Net margin, FY2023: 3.93%Net margin, FY2024: 3.58%Net margin, FY2025: 4.54%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 10.56%. Gross margin FY2022 14.10%. Gross margin FY2023 16.60%. Gross margin FY2024 16.50%. Gross margin FY2025 20.46%. Operating margin FY2021 0.05%. Operating margin FY2022 6.74%. Operating margin FY2023 6.11%. Operating margin FY2024 6.96%. Operating margin FY2025 9.00%. Net margin FY2021 -0.58%. Net margin FY2022 2.48%. Net margin FY2023 3.93%. Net margin FY2024 3.58%. Net margin FY2025 4.54%.

Income trends

Revenue

104.29B CNY+26.38%

Operating income

9.39B CNY+63.44%

Net income

4.74B CNY+60.57%
Income trends across reported periods114.74B CNY72.94B CNY31.15B CNY−10.64B CNYRevenue, FY2021: 33.93B CNYRevenue, FY2022: 50.31B CNYRevenue, FY2023: 59.28B CNYRevenue, FY2024: 82.52B CNYRevenue, FY2025: 104.29B CNYOperating income, FY2021: 17.94M CNYOperating income, FY2022: 3.39B CNYOperating income, FY2023: 3.62B CNYOperating income, FY2024: 5.74B CNYOperating income, FY2025: 9.39B CNYNet income, FY2021: −195.41M CNYNet income, FY2022: 1.25B CNYNet income, FY2023: 2.33B CNYNet income, FY2024: 2.95B CNYNet income, FY2025: 4.74B CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 33.93B CNY. Revenue FY2022 50.31B CNY. Revenue FY2023 59.28B CNY. Revenue FY2024 82.52B CNY. Revenue FY2025 104.29B CNY. Operating income FY2021 17.94M CNY. Operating income FY2022 3.39B CNY. Operating income FY2023 3.62B CNY. Operating income FY2024 5.74B CNY. Operating income FY2025 9.39B CNY. Net income FY2021 −195.41M CNY. Net income FY2022 1.25B CNY. Net income FY2023 2.33B CNY. Net income FY2024 2.95B CNY. Net income FY2025 4.74B CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue104.29B CNY82.52B CNY59.28B CNY50.31B CNY33.93B CNY
Cost of goods sold82.95B CNY68.9B CNY49.44B CNY43.21B CNY30.35B CNY
Gross profit21.34B CNY13.62B CNY9.84B CNY7.09B CNY3.58B CNY
Research and development992.89M CNY770.41M CNY487.2M CNY399.57M CNY345.61M CNY
Selling, general, and administrative1.19B CNY783.85M CNY592.47M CNY671.06M CNY871.24M CNY
Operating expenses11.95B CNY7.87B CNY6.22B CNY3.69B CNY4.25B CNY
Interest income153.28M CNY190.02M CNY108.25M CNY85.15M CNY68M CNY
Interest expense1.93B CNY2.07B CNY1.57B CNY1.05B CNY731.78M CNY
Depreciation and amortization7.25B CNY4.98B CNY4B CNY3.24B CNY2.5B CNY
Operating income9.39B CNY5.74B CNY3.62B CNY3.39B CNY17.94M CNY
Net income4.74B CNY2.95B CNY2.33B CNY1.25B CNY−195.41M CNY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
0.33

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.660.480.30.12Q4 '24No estimateQ4 '24No estimateQ1 '25No estimateQ3 '25No estimateQ4 '25No estimateQ1 '26No estimateQ2 '26No estimateQ3 '26Estimate
Q4 2024, reported Oct 28, 2024: actual 0.14, estimate —, surprise —, Comparison unavailable. Q4 2024, reported Dec 31, 2024: actual 0.175, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 27, 2025: actual 0.213, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 27, 2025: actual 0.623, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Oct 28, 2025: actual 0.251, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 27, 2026: actual 0.623, estimate —, surprise —, Comparison unavailable. Q2 2026, reported Apr 27, 2026: actual 0.33, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 28, 2026: actual —, estimate 0.565, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates65.64B48.43B31.23B14.03BQ3 '24Q4 '24Q4 '24Q1 '25Q3 '25Q4 '25Q1 '26Q2 '26
Q3 2024, reported Aug 28, 2024: actual 50.19B HKD, estimate —, surprise —, Comparison unavailable. Q4 2024, reported Oct 28, 2024: actual 23.49B HKD, estimate —, surprise —, Comparison unavailable. Q4 2024, reported Dec 31, 2024: actual 16.5B HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 27, 2025: actual 27.68B HKD, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 27, 2025: actual 62B HKD, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Oct 28, 2025: actual 29.53B HKD, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 27, 2026: actual 62B HKD, estimate —, surprise —, Comparison unavailable. Q2 2026, reported Apr 27, 2026: actual 37.02B HKD, estimate —, surprise —, Comparison unavailable.

Corporate actions

Corporate action history

Stock split

Effective Jun 29, 2020

7:5

Stock split

Effective Jul 3, 2019

7:5

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ETFs holding 1787.HK

Funds reporting this stock among their holdings, ordered by reported position size.

iShares Core MSCI Emerging Markets ETF logoiShares Core MSCI Emerging Markets ETFIEMG
Market value
37.67M
Weight
0.02%
AUM
160B USD
Expense ratio
0.09%
Price / 1D
$80.485-1.33%
Vanguard Total International Stock ETF logoVanguard Total International Stock ETFVXUS
Market value
36.02M
Weight
0.01%
AUM
646.2B USD
Expense ratio
0.05%
Price / 1D
$87.155-0.63%
Vanguard FTSE Emerging Markets ETF logoVanguard FTSE Emerging Markets ETFVWO
Market value
34.79M
Weight
0.02%
AUM
162.3B USD
Expense ratio
0.06%
Price / 1D
$59.945-0.84%
iShares MSCI Emerging Markets Min Vol Factor ETF logoiShares MSCI Emerging Markets Min Vol Factor ETFEEMV
Market value
8.87M
Weight
0.25%
AUM
3.61B USD
Expense ratio
0.25%
Price / 1D
$74.49-0.29%
iShares MSCI Emerging Markets ETF logoiShares MSCI Emerging Markets ETFEEM
Market value
8.27M
Weight
0.03%
AUM
31.22B USD
Expense ratio
0.72%
Price / 1D
$66.075-1.56%
iShares MSCI China ETF logoiShares MSCI China ETFMCHI
Market value
8.07M
Weight
0.13%
AUM
6.29B USD
Expense ratio
0.59%
Price / 1D
$54.9506-1.27%
Vanguard FTSE All-World ex-US ETF logoVanguard FTSE All-World ex-US ETFVEU
Market value
6.18M
Weight
0.01%
AUM
95.9B USD
Expense ratio
0.04%
Price / 1D
$85.155-0.62%
iShares Core MSCI Total International Stock ETF logoiShares Core MSCI Total International Stock ETFIXUS
Market value
4.77M
Weight
0.01%
AUM
60.91B USD
Expense ratio
0.07%
Price / 1D
$97.35-0.61%

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