Jinhui Mining Earns Buy Rating from Depong Securities Amid Strong Lead-Zinc Market, Projecting Over 40% Net Profit Growth

Publicado: Aug 19, 2024 09:06
Jinhui Mining obtained a buy rating from Depong Securities, with both lead-zinc mine volume and price rising in 24H1, and net profit increasing by over 40% - On August 17, 2024, Jinhui Mining received a buy rating from Depong Securities, attracting one research report's attention in the past month. The research report forecasts that the company's ore processing capacity is expected to reach 1.75/3.75/4.5 million tons per year from 2024 to 2026. Due to the rise in the prices of lead, zinc, and silver metals, the operating revenue for 2024-2026 has been slightly adjusted upwards to RMB 1.54/3.21/3.73 billion, respectively, with net profits attributable to shareholders of RMB 440/960/1.1 billion, representing year-on-year increases of +29.1%, +116.4%, and +14.3%, respectively. Based on the closing price on August 16, 2024, the corresponding PE ratios are 25.1x, 11.6x, and 10.2x, respectively. The research report believes that the company's performance growth is expected to accelerate after the integration of the Jiangluo mining area.

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