1. People's Republic of China Stocks

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    Basic Materials

  3. •

    Steel
Fujian Makeng Mining Co. Ltd.

Fujian Makeng Mining Co. Ltd.

601123.SS
Fujian Makeng Mining Co. Ltd.CN flagShanghai Stock Exchange
16.72
CNY
-0.29
- -
20.64BMarket Cap
Fujian Makeng Mining Co. Ltd.
601123.SS
(Shanghai Stock Exchange)

Recent

price

16.72

P/E

ratio

- -

div

yld

- -

ROIC.AI

2009
2010
2011
2012
2013
2022
2023
2024
2025
TTM
FRC
- -
- -
- -
- -
- -
2.06
1.78
1.85
1.79
- -
Revenue per Share
- -
- -
- -
- -
- -
0.66
0.59
0.6
0.54
- -
Basic EPS, GAAP
- -
- -
- -
- -
- -
0.74
0.72
0.67
0.68
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
0.76
0.34
0.2
- -
- -
Dividend per Share
0.39
0.43
0.53
0.62
0.71
2.12
2.41
2.82
3.36
0.77
Book Value per Share
0.29
0.34
0.28
0.35
0.41
1.95
2.24
2.66
3.18
0.45
Tangible Book Value per Share
- -
- -
- -
- -
- -
999
1,104
1,106
1,114
- -
Basic Weighted Avg Shares
223
296
364
462
632
2,057
1,962
2,050
1,991
651
Sales/Revenue/Turnover
28.39
34.05
41.46
30.56
27.84
46.07
47.05
44.28
40.5
26.06
Operating Margin (%)
38
39
30
64
91
277
278
286
279
120
Depreciation Expense
49
75
114
99
105
659
651
664
602
93
Net Income, GAAP
25.33
25.3
25.11
25.16
25.34
25.07
25.01
25.03
25.02
25.38
Effective Tax Rate (%)
21.89
25.15
31.2
21.44
16.66
32.04
33.2
32.38
30.22
14.24
Profit Margin (%)
-228
-70
-488
-298
-461
-725
-781
-255
468
-945
Working Capital
524
888
735
1,229
1,288
495
1
- -
2
1,027
LT Debt
433
479
592
688
793
2,355
2,673
3,137
3,744
851
Total Equity
- -
5.01
6.25
4.81
5.15
21.73
18.41
19.29
16.56
4.61
Return on Invested Capital (%)
- -
5.24
6.56
4.92
4.16
22.08
20.6
20.46
16.87
3.4
Return on Capital (%)
- -
16.37
21.24
15.47
14.22
41.88
25.91
22.85
17.5
11.53
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Mar'22
Jun'22
Sep'22
ST Debt
720
860
958
LT Borrowings
1,278
1,197
1,027
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,111
1,111
1,111
Market Capitalization
- -
- -
- -

Working Capital

FRC

•

in mil. unless spec.
Mar'22
Jun'22
Sep'22
Total Current Assets
374
503
241
Cash, Cash Equivalents & STI
212
325
29
Accounts Receivable, Net
33
33
45
Inventories
32
40
50
Total Current Liabilities
942
1,169
1,186
Payables & Accruals
- -
- -
- -
ST Debt
720
860
958
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
52.49%
19.35%
Free Cash Flow
- -
-209.77%
1.91%
Net Income, GAAP
- -
104.75%
-9.35%
Sales/Revenue/Turnover
- -
51.88%
-2.86%
Total Cash Common Dividend
- -
28.38%
-98.94%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
2,050
2025
548
497
- -
- -
1,991
2026
543
569
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.6
2025
- -
- -
- -
- -
0.54
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.2
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Fujian Makeng Mining Co., Ltd. engages in the development, mining, beneficiation and comprehensive utilization of iron ore resources in China. The Company operates the Makeng Iron Mine in Longyan, Fujian Province, and produces and sells TFe 65% pellet-grade iron concentrate powder; Mo 40% molybdenum concentrate recovered from associated ore; limestone; crushed stone of at least 5 millimeters; and coarse tailings sand, while operating a waste-rock processing and utilization system. Its iron concentrate is principally supplied to steel producers in Fujian Province and other customers in southeastern China. The Company’s operations are concentrated in the Makeng Iron Mine, a large-scale underground deposit containing iron ore, associated molybdenum ore and cement-grade limestone resources. Fujian Makeng Mining was founded in 1995 and is headquartered at No. 3 Jiangjun Road, Xinluo District, Longyan, Fujian, China. It is a state-controlled enterprise whose shareholders include Fujian Rare Earth (Group) Co., Ltd., Zijin Mining Group Co., Ltd., Longyan Mining Development Co., Ltd. and the Fujian Longyan Geological Brigade. In 2026, the Company received registration approval for its Shanghai Stock Exchange Main Board initial public offering and completed an offering of up to 123.5 million A-shares under ticker 601123.SS. Net proceeds are designated for the Makeng Iron Mine Mining and Processing Capacity Expansion Project, which is intended to increase annual iron ore mining and processing capacity from 5 million tonnes to 10 million tonnes and expand the Company’s supply of domestic high-grade iron concentrate.