Zhaojin Mining Industry Company Limited logo

Zhaojin Mining Industry Company Limited

1818.HK

HKSEBasic MaterialsGold

Latest quote

HK$25.92

+HK$0.40 · +1.57%

Aug 24, 2:01 PM HKT

1818.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

As an investment holding enterprise, Zhaojin Mining Industry Company Limited is deeply involved in the exploration, extraction, refining, and marketing of gold, silver, and copper throughout the People's Republic of China. Its business activities are structured across three primary segments: Gold Operations, Copper Operations, and a diverse "Others" category. The company notably produces its gold products under the distinct "Zhaojin" brand. Beyond these core functions, its operations extend to sourcing gold concentrates, processing sulfur ore, and managing industrial waste through comprehensive treatment of wastewater, exhaust gases, and solid residues. The company also provides freight logistics, specializes in engineering design and development, and is engaged in the mining, smelting, and sale of other precious metals and ceramic materials. Complementing its industrial ventures, Zhaojin Mining offers accommodation, catering, financial, and advisory services, alongside material trading and construction contracting. Established in 2004, the firm's headquarters are situated in Zhaoyuan, China.

Industry
Gold
Sector
Basic Materials
Headquarters
CN
CEO
Lei Duan
Listed since
Dec 8, 2006
Employees
7,157

Market position

Day range

Current HK$25.92

52-week range

Current HK$25.92

Open
HK$26.12
Previous close
HK$25.52
Volume
46.29M
2.31× average
Average volume
20.02M
Average daily volume
Market cap
91.82B HKD
Beta
0.9
Market reference 1
50-day average
HK$20.4508
+26.74% above average
200-day average
HK$28.0707
-7.66% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
125.72B CNY
P/E (TTM)
23.11×
P/B (TTM)
4.28×
P/S (TTM)
4.15×
EV / EBITDA
17.73×
Earnings yield
3.48%
Free cash flow yield
3.03%
Dividend yield
0.44%

Profitability & efficiency

Gross margin
39.90%
Operating margin
8.13%
Net margin
19.72%
Return on equity
18.63%
Return on assets
6.31%
Return on invested capital
9.02%

Financial health

Debt / equity
1.26×
Current ratio
1.14×
Altman Z-score
2.5
Piotroski F-score
7 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends46%30%13%-4%Gross margin, FY2021: 39.25%Gross margin, FY2022: 33.68%Gross margin, FY2023: 38.46%Gross margin, FY2024: 39.15%Gross margin, FY2025: 41.94%Operating margin, FY2021: 15.86%Operating margin, FY2022: 15.02%Operating margin, FY2023: 22.50%Operating margin, FY2024: 26.27%Operating margin, FY2025: 32.48%Net margin, FY2021: 0.49%Net margin, FY2022: 5.10%Net margin, FY2023: 8.15%Net margin, FY2024: 12.56%Net margin, FY2025: 20.02%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 39.25%. Gross margin FY2022 33.68%. Gross margin FY2023 38.46%. Gross margin FY2024 39.15%. Gross margin FY2025 41.94%. Operating margin FY2021 15.86%. Operating margin FY2022 15.02%. Operating margin FY2023 22.50%. Operating margin FY2024 26.27%. Operating margin FY2025 32.48%. Net margin FY2021 0.49%. Net margin FY2022 5.10%. Net margin FY2023 8.15%. Net margin FY2024 12.56%. Net margin FY2025 20.02%.

Income trends

Revenue

18.06B CNY+56.32%

Operating income

5.86B CNY+93.23%

Net income

3.61B CNY+149.10%
Income trends across reported periods19.86B CNY12.65B CNY5.44B CNY−1.77B CNYRevenue, FY2021: 6.86B CNYRevenue, FY2022: 7.89B CNYRevenue, FY2023: 8.42B CNYRevenue, FY2024: 11.55B CNYRevenue, FY2025: 18.06B CNYOperating income, FY2021: 1.09B CNYOperating income, FY2022: 1.18B CNYOperating income, FY2023: 1.9B CNYOperating income, FY2024: 3.03B CNYOperating income, FY2025: 5.86B CNYNet income, FY2021: 33.7M CNYNet income, FY2022: 401.95M CNYNet income, FY2023: 686.43M CNYNet income, FY2024: 1.45B CNYNet income, FY2025: 3.61B CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 6.86B CNY. Revenue FY2022 7.89B CNY. Revenue FY2023 8.42B CNY. Revenue FY2024 11.55B CNY. Revenue FY2025 18.06B CNY. Operating income FY2021 1.09B CNY. Operating income FY2022 1.18B CNY. Operating income FY2023 1.9B CNY. Operating income FY2024 3.03B CNY. Operating income FY2025 5.86B CNY. Net income FY2021 33.7M CNY. Net income FY2022 401.95M CNY. Net income FY2023 686.43M CNY. Net income FY2024 1.45B CNY. Net income FY2025 3.61B CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue18.06B CNY11.55B CNY8.42B CNY7.89B CNY6.86B CNY
Cost of goods sold10.48B CNY7.03B CNY5.18B CNY5.23B CNY4.17B CNY
Gross profit7.57B CNY4.52B CNY3.24B CNY2.66B CNY2.69B CNY
Research and development151K CNY928K CNY928K CNY928K CNY
Selling, general, and administrative1.71B CNY1.52B CNY1.33B CNY1.34B CNY1.53B CNY
Operating expenses1.71B CNY1.49B CNY1.34B CNY1.33B CNY1.48B CNY
Interest income137.42M CNY229.89M CNY230.83M CNY212.73M CNY180.64M CNY
Interest expense485.69M CNY448.8M CNY574.9M CNY504.25M CNY607.87M CNY
Depreciation and amortization1.71B CNY1.35B CNY992.84M CNY982.67M CNY907.85M CNY
Operating income5.86B CNY3.03B CNY1.9B CNY1.18B CNY1.09B CNY
Net income3.61B CNY1.45B CNY686.43M CNY401.95M CNY33.7M CNY

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
14%
1 beat, 4 misses, 2 met estimates
Average EPS surprise
-12.60%
7 comparable reports
Latest EPS result
1.06
Estimate 1.06 · Met by 0.00%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates1.310.890.460.03Q4 '24No estimateQ1 '25MissQ3 '25MissQ4 '25EstimateQ1 '26MetQ2 '26EstimateQ3 '26MetQ1 '27Estimate
Q4 2024, reported Dec 31, 2024: actual 0.281, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 21, 2025: actual 0.287, estimate 0.394, surprise -27.02%, Miss. Q3 2025, reported Aug 21, 2025: actual 0.414, estimate 0.534, surprise -22.47%, Miss. Q4 2025, reported Oct 10, 2025: actual —, estimate 0.037, surprise —, Comparison unavailable. Q1 2026, reported Mar 19, 2026: actual 0.672, estimate 0.672, surprise 0.00%, Met estimate. Q2 2026, reported Apr 24, 2026: actual —, estimate 0.137, surprise —, Comparison unavailable. Q3 2026, reported Aug 21, 2026: actual 1.06, estimate 1.06, surprise 0.00%, Met estimate. Q1 2027, reported Mar 19, 2027: actual —, estimate 1.22, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates13.61B10.36B7.12B3.88BQ4 '24No estimateQ1 '25BeatQ3 '25MissQ4 '25EstimateQ1 '26BeatQ2 '26EstimateQ3 '26MissQ1 '27Estimate
Q4 2024, reported Dec 31, 2024: actual 7.37B HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 21, 2025: actual 7.37B HKD, estimate 7.08B HKD, surprise +4.03%, Beat. Q3 2025, reported Aug 21, 2025: actual 7.6B HKD, estimate 9.82B HKD, surprise -22.63%, Miss. Q4 2025, reported Oct 10, 2025: actual —, estimate 4.64B HKD, surprise —, Comparison unavailable. Q1 2026, reported Mar 19, 2026: actual 12.33B HKD, estimate 10.27B HKD, surprise +20.04%, Beat. Q2 2026, reported Apr 24, 2026: actual —, estimate 4.55B HKD, surprise —, Comparison unavailable. Q3 2026, reported Aug 21, 2026: actual 11.71B HKD, estimate 11.72B HKD, surprise -0.05%, Miss. Q1 2027, reported Mar 19, 2027: actual —, estimate 12.94B HKD, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

HK$0.0545

2025 complete year+25.0% since 2020

2026 partial: HK$0.1148

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Jun 3, 2026

HK$0.1148

Annual

Record Jun 4, 2026 · Payment Jun 30, 2026

Dividend

Ex-dividend Jun 4, 2025

HK$0.0545

Annual

Record Jun 5, 2025 · Payment Jun 30, 2025

Dividend

Ex-dividend Jun 5, 2024

HK$0.044

Annual

Record Jun 6, 2024 · Payment Jun 28, 2024

Dividend

Ex-dividend Jun 7, 2023

HK$0.0442

Annual

Record Jun 8, 2023 · Payment Jun 30, 2023

Dividend

Ex-dividend Jun 9, 2021

HK$0.0608

Annual

Record Jun 10, 2021 · Payment Jun 30, 2021

Dividend

Ex-dividend Jun 9, 2020

HK$0.0436

Annual

Record Jun 10, 2020 · Payment Jun 30, 2020

1818.HK peers

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