Valuation Update With 7 Day Price Move • May 08
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to HK$13.27, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 10x in the Metals and Mining industry in Hong Kong. Total returns to shareholders of 2,182% over the past three years. Valuation Update With 7 Day Price Move • Mar 30
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to HK$13.61, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 13x in the Metals and Mining industry in Hong Kong. Total returns to shareholders of 2,960% over the past three years. Reported Earnings • Mar 19
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: CN¥0.31 (up from CN¥0.16 in FY 2024). Revenue: CN¥3.16b (up 69% from FY 2024). Net income: CN¥1.35b (up 136% from FY 2024). Profit margin: 43% (up from 31% in FY 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.7%. Earnings per share (EPS) also missed analyst estimates by 2.9%. Revenue is forecast to grow 33% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Metals and Mining industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has increased by 187% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 19
Wanguo Gold Group Limited, Annual General Meeting, Jun 05, 2026 Wanguo Gold Group Limited, Annual General Meeting, Jun 05, 2026. Announcement • Mar 07
Wanguo Gold Group Limited to Report Fiscal Year 2025 Results on Mar 18, 2026 Wanguo Gold Group Limited announced that they will report fiscal year 2025 results at 4:00 PM, China Standard Time on Mar 18, 2026 Valuation Update With 7 Day Price Move • Feb 06
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to HK$14.70, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 15x in the Metals and Mining industry in Hong Kong. Total returns to shareholders of 2,884% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$12.92 per share. Buy Or Sell Opportunity • Feb 04
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 105% to HK$15.73. The fair value is estimated to be HK$12.59, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has grown by 50%. Revenue is forecast to grow by 157% in 2 years. Earnings are forecast to grow by 153% in the next 2 years. Valuation Update With 7 Day Price Move • Jan 07
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to HK$8.81, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 14x in the Metals and Mining industry in Hong Kong. Total returns to shareholders of 1,922% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$12.62 per share. Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to HK$8.43, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 13x in the Metals and Mining industry in Hong Kong. Total returns to shareholders of 1,856% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$12.52 per share. Board Change • Dec 09
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Non-Executive Director Wai Hung Tsang was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Nov 24
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 212% Dividend yield: 5.1% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. New Risk • Nov 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 10% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to HK$33.76, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 15x in the Metals and Mining industry in Hong Kong. Total returns to shareholders of 1,838% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$50.67 per share. Recent Insider Transactions • Nov 08
Executive Chairman & CEO recently bought HK$30m worth of stock On the 3rd of November, Mingqing Gao bought around 1m shares on-market at roughly HK$29.34 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Mingqing has been a buyer over the last 12 months, purchasing a net total of HK$45m worth in shares. Recent Insider Transactions • Oct 15
Executive Director recently bought HK$2.0m worth of stock On the 10th of October, Guobiao Wang bought around 52k shares on-market at roughly HK$37.94 per share. This transaction increased Guobiao's direct individual holding by 2x at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth HK$13m. Despite this recent purchase, insiders have collectively sold HK$268m more in shares than they bought in the last 12 months. Reported Earnings • Sep 21
First half 2025 earnings released: EPS: CN¥0.55 (vs CN¥0.31 in 1H 2024) First half 2025 results: EPS: CN¥0.55 (up from CN¥0.31 in 1H 2024). Revenue: CN¥1.24b (up 34% from 1H 2024). Net income: CN¥600.8m (up 136% from 1H 2024). Profit margin: 48% (up from 27% in 1H 2024). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Metals and Mining industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has increased by 169% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Sep 17
Upcoming dividend of HK$0.20 per share Eligible shareholders must have bought the stock before 24 September 2025. Payment date: 28 November 2025. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of Hong Kong dividend payers (6.6%). Lower than average of industry peers (2.0%). Valuation Update With 7 Day Price Move • Sep 09
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to HK$38.98, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 12x in the Metals and Mining industry in Hong Kong. Total returns to shareholders of 2,137% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$56.28 per share. Announcement • Sep 04
Wanguo Gold Group Limited has completed a Follow-on Equity Offering in the amount of HKD 732.375 million. Wanguo Gold Group Limited has completed a Follow-on Equity Offering in the amount of HKD 732.375 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 22,500,000
Price\Range: HKD 32.55 Recent Insider Transactions • Aug 28
Executive Chairman & CEO recently bought HK$6.0m worth of stock On the 22nd of August, Mingqing Gao bought around 200k shares on-market at roughly HK$29.83 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Mingqing's only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • Aug 22
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to HK$29.50, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 11x in the Metals and Mining industry in Hong Kong. Total returns to shareholders of 1,516% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$14.08 per share. Announcement • Aug 21
Wanguo Gold Group Limited has filed a Follow-on Equity Offering in the amount of HKD 732.375 million. Wanguo Gold Group Limited has filed a Follow-on Equity Offering in the amount of HKD 732.375 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 22,500,000
Price\Range: HKD 32.55 Declared Dividend • Aug 20
First half dividend of HK$0.20 announced Shareholders will receive a dividend of HK$0.20. Ex-date: 24th September 2025 Payment date: 28th November 2025 Dividend yield will be 1.3%, which is lower than the industry average of 2.0%. Payout Ratios Payout ratio: 36%. Cash payout ratio: 62%. Reported Earnings • Aug 17
First half 2025 earnings released: EPS: CN¥0.55 (vs CN¥0.31 in 1H 2024) First half 2025 results: EPS: CN¥0.55 (up from CN¥0.31 in 1H 2024). Revenue: CN¥1.24b (up 34% from 1H 2024). Net income: CN¥600.8m (up 136% from 1H 2024). Profit margin: 48% (up from 27% in 1H 2024). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Metals and Mining industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has increased by 163% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to HK$33.30, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 10x in the Metals and Mining industry in Hong Kong. Total returns to shareholders of 1,734% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$62.42 per share. Announcement • Aug 06
Wanguo Gold Group Limited to Report First Half, 2025 Results on Aug 15, 2025 Wanguo Gold Group Limited announced that they will report first half, 2025 results on Aug 15, 2025 Announcement • Jun 25
Wanguo Gold Group Limited Announces Change of Members of Nomination Committee with Effect from 25 June 2025 The board of directors of Wanguo Gold Group Limited announced that with effect from 25 June 2025: 1. Mr. Wang Xin, an independent non-executive Director, ceased to be a member of the nomination committee of the Board (the "Nomination Committee"); and 2. Ms. Gao Jinzhu, an executive Director, has been appointed as a member of the Nomination Committee. After the above changes, the Nomination Committee comprises one executive Director (namely Ms. Gao Jinzhu) and two independent non-executive Directors (namely Mr. Tsang Wai Hung and Mr. Wong Chi Ming Ming). Mr. Tsang Wai Hung is the chairman of the Nomination Committee. Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to HK$31.50, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 10x in the Metals and Mining industry in Hong Kong. Total returns to shareholders of 1,715% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$61.26 per share. Upcoming Dividend • Jun 09
Upcoming dividend of HK$0.24 per share Eligible shareholders must have bought the stock before 16 June 2025. Payment date: 31 July 2025. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Hong Kong dividend payers (7.7%). Lower than average of industry peers (4.3%). Valuation Update With 7 Day Price Move • May 22
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to HK$25.90, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 9x in the Metals and Mining industry in Hong Kong. Total returns to shareholders of 1,428% over the past three years. Reported Earnings • May 01
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: CN¥0.66 (up from CN¥0.41 in FY 2023). Revenue: CN¥1.88b (up 43% from FY 2023). Net income: CN¥575.4m (up 72% from FY 2023). Profit margin: 31% (up from 26% in FY 2023). The increase in margin was driven by higher revenue. Production and reserves: Gold Proved and probable reserves (ore): 27.7 Mt (28.7 Mt in FY 2023) Revenue missed analyst estimates by 10%. Earnings per share (EPS) exceeded analyst estimates by 15%. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Metals and Mining industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has increased by 132% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Apr 28
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (31% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Significant insider selling over the past 3 months (HK$298m sold). Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to HK$18.30, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 8x in the Metals and Mining industry in Hong Kong. Total returns to shareholders of 1,075% over the past three years. Announcement • Mar 31
Wanguo Gold Group Limited Announces Board Changes, Effective 31 March 2025 The board of directors of Wanguo Gold Group Limited announced that with effect from 31 March 2025, Mr. Wang Guobiao (‘Mr. GB Wang’) has been appointed as an executive Director. Mr. Wang Guobiao, aged 53, has been acting as the executive deputy general manager of Gold Ridge Mining Limited, since 12 March 2025. He has 28 years of experience in the mining industry. He has since December 2003 held various positions in the domestic and overseas subsidiaries of Zijin Mining Group Co. Ltd., including workshop director, plant director, deputy general manager, executive vice president and general manager etc., and his last position was the deputy director of the technical committee of Zijin Mining. Mr. GB Wang graduated with a bachelor's degree in mineral processing engineering from Wuhan University of Metallurgy and Technology, now known as Wuhan University of Science and Technology, in July 1996. He also obtained a title of professorate senior engineer from Fujian Provincial Human Resources and Social Security Office in February 2024. The Board further announced that, with effect from 31 March 2025, Mr. Wang Renxiang (‘Mr. RX Wang’) has been re-designated from an executive Director to a non-executive Director due to his intention to devote more time to his other businesses. Mr. Wang Renxiang, aged 40, has been acting as the deputy general manager of Wanguo Australia International Group Pty Limited since September 2017 and a director and deputy general manager of GRML since August 2020. He is primarily responsible for the development and recommissioning of the project concerning the Group's gold ridge mine located in the Solomon Islands. Prior to joining the Group, Mr. RX Wang was an analyst at the Treasury of Australian Government from February 2011 to July 2017. Mr. RX Wang has been awarded a Graduate Diploma in International Affairs by the Australian National University in July 2017. He graduated with a Master of Commerce with Honours in Finance from the University of Melbourne in December 2010 and a Bachelor of Finance from the Australian National University in July 2007. Declared Dividend • Mar 23
Final dividend of HK$0.24 announced Shareholders will receive a dividend of HK$0.24. Ex-date: 16th June 2025 Payment date: 31st July 2025 Dividend yield will be 2.3%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is covered by earnings (39% earnings payout ratio) but not covered by cash flows (145% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 70% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 21
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: CN¥0.66 (up from CN¥0.41 in FY 2023). Revenue: CN¥1.88b (up 43% from FY 2023). Net income: CN¥575.4m (up 72% from FY 2023). Profit margin: 31% (up from 26% in FY 2023). The increase in margin was driven by higher revenue. Production and reserves: Gold Proved and probable reserves (ore): 27.7 Mt (28.7 Mt in FY 2023) Revenue missed analyst estimates by 10%. Earnings per share (EPS) exceeded analyst estimates by 15%. Revenue is forecast to grow 29% p.a. on average during the next 2 years, compared to a 6.9% growth forecast for the Metals and Mining industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has increased by 100% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 20
Wanguo Gold Group Limited Proposes Final Ordinary Dividend for the Year Ended 31 December 2024, Payable on 31 July 2025 Wanguo Gold Group Limited proposed final ordinary dividend of RMB 0.145 per share for the year ended 31 December 2024. Ex-dividend date: 16 June 2025, Record date: 20 June 2025 and Payment date: 31 July 2025. Date of shareholders' approval: 06 June 2025. Valuation Update With 7 Day Price Move • Mar 18
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to HK$15.66, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 7x in the Metals and Mining industry in Hong Kong. Total returns to shareholders of 828% over the past three years. Announcement • Mar 10
Wanguo Gold Group Limited to Report Fiscal Year 2024 Results on Mar 19, 2025 Wanguo Gold Group Limited announced that they will report fiscal year 2024 results on Mar 19, 2025 Valuation Update With 7 Day Price Move • Jan 22
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to HK$13.56, the stock trades at a trailing P/E ratio of 31x. Average forward P/E is 6x in the Metals and Mining industry in Hong Kong. Total returns to shareholders of 712% over the past three years. New Risk • Jan 16
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 31% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Nov 25
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to HK$11.70, the stock trades at a trailing P/E ratio of 26.7x. Average forward P/E is 9x in the Metals and Mining industry in Hong Kong. Total returns to shareholders of 553% over the past three years. Announcement • Nov 21
Wanguo Gold Group Limited Announces Board Changes The board of directors of Wanguo Gold Group Limited hereby announced that with effect from 21 November 2024: Ms. Wang Nan (Ms. Wang) has resigned as an executive Director due to her intention to concentrate on acting corporate legal adviser for Australia and Solomon Islands operations. Mr. Li Feilong (Mr. Li) has resigned as an executive Director due to his intention to concentrate on other business engagements. The Board announced that with effect from 21 November 2024, Ms. Gao Jinzhu (Ms. Gao) has been appointed as an executive Director. Ms. GAO Jinzhu, aged 65, was an executive Director from May 2011 to September 2021. She has been the deputy general manager and director of Jiangxi Province Yifeng Wanguo Mining Company Limited ("Yifeng Wanguo") and a director of Gold Ridge Mining Limited ("GRML") since January 2004 and August 2020. Ms. Gao has approximately 24 years of experience in the mining industry. She is primarily responsible for the human resources management of Group. Ms. Gao completed the Business Administration Advance Research Program of the School of Continuing Education, Tsinghua University in July 2009. Ms. Gao is also a director of Achieve Ample Investments Limited, a substantial shareholder of the Company. New Risk • Oct 15
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 11% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company. Announcement • Oct 10
Wanguo International Mining Group Limited (SEHK:3939) completed the acquisition of the additional 20.22% stake in AXF Gold Ridge Pty Ltd. from Gold Crane Group Limited, Wei Jiaming and Wu Zhengxi. Wanguo International Mining Group Limited (SEHK:3939) entered into a sale and purchase agreement to acquire an additional 20.22% stake in AXF Gold Ridge Pty Ltd. from Gold Crane Group Limited, Wei Jiaming and Wu Zhengxi on August 9, 2024. The consideration consists of 90.23 million common equity of Wanguo International Mining Group Limited having a value of HKD 732.6 million to be issued for common equity of AXF Gold Ridge Pty Ltd. As part of consideration, HKD 732.6 million is paid towards common equity of AXF Gold Ridge Pty Ltd. Wanguo International Mining Group Limited acquired 72.154986 million shares (16.17%) from Gold Crane Group Limited and 18.072214 million shares (4.05%) from Wei Jiaming and Wu Zhengxi. For the year ending December 2023, AXF Gold Ridge Pty Ltd. reported Net assets of CNY 499 million and Revenue of CNY 658 million. The deal is subject to subscription of the Consideration Shares by Gold Crane Group Limited, Wei Jiaming and Wu Zhengxi being completed simultaneously. The transaction is subject to approval by regulatory board / committee and approval of offer by acquirer shareholders. CMBC International Capital Limited acted as financial advisor for Wanguo International Mining Group Limited.
Wanguo International Mining Group Limited (SEHK:3939) completed the acquisition of the additional 20.22% stake in AXF Gold Ridge Pty Ltd. from Gold Crane Group Limited, Wei Jiaming and Wu Zhengxi on October 9, 2024. Upcoming Dividend • Sep 05
Upcoming dividend of HK$0.12 per share Eligible shareholders must have bought the stock before 12 September 2024. Payment date: 31 October 2024. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Hong Kong dividend payers (8.4%). Lower than average of industry peers (3.7%). Reported Earnings • Aug 26
First half 2024 earnings released: EPS: CN¥0.31 (vs CN¥0.18 in 1H 2023) First half 2024 results: EPS: CN¥0.31 (up from CN¥0.18 in 1H 2023). Revenue: CN¥927.9m (up 60% from 1H 2023). Net income: CN¥254.3m (up 73% from 1H 2023). Profit margin: 27% (up from 25% in 1H 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 56% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 20
Wanguo International Mining Group Limited Announces Interim Dividend for the Six Months Ended 30 June 2024, Payable on 31 October 2024 Wanguo International Mining Group Limited announced interim dividend of HKD 0.12 per share for the six months ended 30 June 2024. Record date is 19 September 2024. Payment date is 31 October 2024. Ex-dividend date is 12 September 2024. Announcement • Aug 09
Wanguo International Mining Group Limited to Report First Half, 2024 Results on Aug 20, 2024 Wanguo International Mining Group Limited announced that they will report first half, 2024 results on Aug 20, 2024 Announcement • Aug 06
Wanguo International Mining Group Limited Appoints Li Feilong as Executive Director The board of directors of Wanguo International Mining Group Limited announced that Mr. Li Feilong (Mr. Li) has been appointed as an executive Director with effect from 6 August 2024. The biographical details of Mr. Li are set out as follows: Mr. Li Feilong aged 50, has been acting as the deputy general manager and deputy, mine manager of Gold Ridge Mining Limited, an indirect non-wholly owned subsidiary of the Company, since 21 June 2024. He was the union chairman of Jiangxi Copper Group (Dexing) Casting Co. Ltd. from February 2023 to June 2023. He was the vice general manager of Jiangxi Copper Group (Dexing) Casting Co. Ltd. from April 2020 to February 2023. He held various positions in Dexing Copper Mine of Jiangxi Copper Company Limited from July 1994 to April 2020, where he last held the position of on-site deputy mining manager. He completed the mining engineering program from Nanchang Non-Ferrous Metals Industrial School from September 1992 to July 1994. He completed his undergraduate degree in mining engineering from Chongqing University College of Online Education from March 2008 to January 2010. Upcoming Dividend • Jun 10
Upcoming dividend of HK$0.20 per share Eligible shareholders must have bought the stock before 17 June 2024. Payment date: 30 August 2024. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Hong Kong dividend payers (7.6%). Higher than average of industry peers (2.1%). Announcement • Jun 09
Wanguo International Mining Group Limited Declares Final Dividend Wanguo International Mining Group Limited announced that at the AGM was held on 7 June 2024, the company declare a final dividend of 18.50 RMB cents per share. Reported Earnings • Apr 30
Full year 2023 earnings released: EPS: CN¥0.41 (vs CN¥0.22 in FY 2022) Full year 2023 results: EPS: CN¥0.41 (up from CN¥0.22 in FY 2022). Revenue: CN¥1.32b (up 93% from FY 2022). Net income: CN¥335.4m (up 86% from FY 2022). Profit margin: 26% (down from 27% in FY 2022). The decrease in margin was driven by higher expenses. Production and reserves: Gold Proved and probable reserves (ore): 28.7 Mt (31 Mt in FY 2022) Number of mines: 1 (1 in FY 2022) Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 59% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Apr 22
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to HK$8.00, the stock trades at a trailing P/E ratio of 18.3x. Average trailing P/E is 12x in the Metals and Mining industry in Hong Kong. Total returns to shareholders of 329% over the past three years. Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to HK$8.68, the stock trades at a trailing P/E ratio of 19.8x. Average trailing P/E is 11x in the Metals and Mining industry in Hong Kong. Total returns to shareholders of 370% over the past three years. Announcement • Mar 19
Wanguo International Mining Group Limited, Annual General Meeting, Jun 07, 2024 Wanguo International Mining Group Limited, Annual General Meeting, Jun 07, 2024. Agenda: To the approval of the payment of the final dividend. Reported Earnings • Mar 19
Full year 2023 earnings released: EPS: CN¥0.41 (vs CN¥0.22 in FY 2022) Full year 2023 results: EPS: CN¥0.41 (up from CN¥0.22 in FY 2022). Revenue: CN¥1.32b (up 93% from FY 2022). Net income: CN¥335.4m (up 86% from FY 2022). Profit margin: 26% (down from 27% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 06
Wanguo International Mining Group Limited to Report Fiscal Year 2023 Results on Mar 18, 2024 Wanguo International Mining Group Limited announced that they will report fiscal year 2023 results on Mar 18, 2024 Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to HK$6.00, the stock trades at a trailing P/E ratio of 19.6x. Average trailing P/E is 10x in the Metals and Mining industry in Hong Kong. Total returns to shareholders of 207% over the past three years. Valuation Update With 7 Day Price Move • Jan 10
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to HK$4.85, the stock trades at a trailing P/E ratio of 15.8x. Average trailing P/E is 9x in the Metals and Mining industry in Hong Kong. Total returns to shareholders of 160% over the past three years. Reported Earnings • Sep 22
First half 2023 earnings released: EPS: CN¥0.18 (vs CN¥0.11 in 1H 2022) First half 2023 results: EPS: CN¥0.18 (up from CN¥0.11 in 1H 2022). Revenue: CN¥581.2m (up 76% from 1H 2022). Net income: CN¥147.1m (up 56% from 1H 2022). Profit margin: 25% (down from 29% in 1H 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 28% per year whereas the company’s share price has increased by 27% per year. Valuation Update With 7 Day Price Move • Aug 23
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to HK$3.20, the stock trades at a trailing P/E ratio of 10.6x. Average trailing P/E is 8x in the Metals and Mining industry in Hong Kong. Total returns to shareholders of 124% over the past three years. Announcement • Aug 17
Wanguo International Mining Group Limited Declares Final Dividend for the Year Ended December 31, 2022, Payable on August 29, 2023 Wanguo International Mining Group Limited announced that the Company will, on Tuesday, 29 August 2023, pay the final dividend of RMB 10.00 cents (equivalent to HKD 10.65 cents) per share for the year ended 31 December 2022 to the shareholders of the Company whose names appear on the register of members of the Company on 12 June 2023. Reported Earnings • Aug 17
First half 2023 earnings released: EPS: CN¥0.18 (vs CN¥0.11 in 1H 2022) First half 2023 results: EPS: CN¥0.18 (up from CN¥0.11 in 1H 2022). Revenue: CN¥581.2m (up 76% from 1H 2022). Net income: CN¥147.1m (up 56% from 1H 2022). Profit margin: 25% (down from 29% in 1H 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Announcement • Aug 04
Wanguo International Mining Group Limited to Report First Half, 2023 Results on Aug 15, 2023 Wanguo International Mining Group Limited announced that they will report first half, 2023 results on Aug 15, 2023 Announcement • Jul 27
Wanguo International Mining Group Limited Provides Earnings Guidance for Six Months Ended 30 June 2023 The board (the ``Board'') of directors (the ``Directors'') of Wanguo International Mining Group Limited announced that, based on a review of the Group's unaudited consolidated management accounts for the six months ended 30 June 2023, the Group is expected to record a surge in the profit attributable to the owners of the Company of approximately 50% for the six months ended 30 June 2023 as compared with that for the six months ended 30 June 2022. Announcement • Jun 03
Wanguo International Mining Group Limited Approves Final Dividend for December 31, 2022 Wanguo International Mining Group Limited held its annual general meeting on June 2, 2023, approved a final dividend of RMB 10.00 cents per share. Upcoming Dividend • May 31
Upcoming dividend of HK$0.11 per share at 4.3% yield Eligible shareholders must have bought the stock before 07 June 2023. Payment date: 31 August 2023. Payout ratio is a comfortable 46% but the company is not cash flow positive. Trailing yield: 4.3%. Lower than top quartile of Hong Kong dividend payers (7.8%). Higher than average of industry peers (3.3%). Valuation Update With 7 Day Price Move • Apr 18
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to HK$2.27, the stock trades at a trailing P/E ratio of 9.1x. Average trailing P/E is 8x in the Metals and Mining industry in Hong Kong. Total returns to shareholders of 54% over the past three years. Reported Earnings • Mar 17
Full year 2022 earnings released: EPS: CN¥0.22 (vs CN¥0.24 in FY 2021) Full year 2022 results: EPS: CN¥0.22 (down from CN¥0.24 in FY 2021). Revenue: CN¥681.4m (down 66% from FY 2021). Net income: CN¥180.5m (down 6.7% from FY 2021). Profit margin: 27% (up from 9.6% in FY 2021). The increase in margin was driven by lower expenses. Production and reserves: Gold Proved and probable reserves (ore): 31 Mt (31.2 Mt in FY 2021) Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. 
