South Manganese Investment Limited

South Manganese Investment Limited

HHKEX:1091
0.40
HKD
-0.01
(-2.44%)
2.72BMarket Cap
South Manganese Investment Limited
HKEX:1091
(Hong Kong Exchange)

Recent

price

0.40

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
HKD
1.46
1.21
0.99
0.96
1.06
0.78
0.95
1.75
1.96
1.69
1.27
3.74
4.68
5
3.85
1.5
- -
Revenue per Share
0.13
0.14
-0.13
-0.08
0.01
-0.3
-0.03
0.04
0.1
-0.06
-0.13
0.13
0.1
0.02
-0.21
0.04
- -
Basic EPS, GAAP
-0.17
-0.31
-0.08
-0.18
-0.11
-0.05
0.27
-0.04
0.03
0.04
0.04
0.26
-0.03
-0.25
0.29
0.25
- -
Free Cash Flow per Basic Share
0.23
- -
0.01
- -
- -
- -
- -
- -
- -
0.01
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
1.1
1.32
1.2
1.14
1.15
0.84
0.76
0.85
0.9
0.82
0.73
0.91
0.92
0.92
0.69
0.59
0.59
Book Value per Share
1
1.15
1.03
0.96
0.96
0.7
0.63
0.71
0.77
0.82
0.73
0.9
0.92
0.91
0.69
0.59
0.59
Tangible Book Value per Share
1,761
3,025
3,025
3,025
3,025
3,229
3,428
3,428
3,428
3,428
3,428
3,428
3,428
3,428
3,428
4,241
4,295
Basic Weighted Avg Shares
2,580
3,655
2,986
2,916
3,195
2,517
3,248
5,991
6,736
5,802
4,368
12,831
16,032
17,134
13,211
6,369
- -
Sales/Revenue/Turnover
13.21
6.56
-9.53
-4.56
3.43
-22
1.92
4.45
8.07
2.96
3.79
13.26
3.99
1.51
-1.38
8.16
- -
Operating Margin (%)
165
253
321
361
386
396
357
366
364
387
460
547
445
451
433
400
- -
Depreciation Expense
229
409
-397
-243
15
-956
-88
141
331
-202
-438
455
336
64
-725
167
- -
Net Income, GAAP
5.46
8.16
- -
- -
- -
- -
- -
3.57
2.07
- -
- -
34.79
13.31
34.15
- -
39.02
- -
Effective Tax Rate (%)
8.88
11.18
-13.29
-8.34
0.48
-37.98
-2.71
2.35
4.91
-3.49
-10.03
3.54
2.1
0.37
-5.49
2.62
- -
Profit Margin (%)
2,085
1,449
857
704
56
-703
-923
-1,394
-372
-1,173
-316
-1,585
-746
-891
-1,659
-1,440
-1,440
Working Capital
1,514
1,499
1,770
2,290
1,882
1,505
1,280
745
1,192
646
1,893
490
1,194
958
1,036
794
794
LT Debt
3,402
4,378
3,912
3,679
3,593
3,000
2,674
2,967
3,166
2,838
2,551
2,736
2,832
2,828
1,977
2,499
2,499
Total Equity
6.85
6.74
- -
- -
- -
- -
- -
4.46
6.84
- -
- -
12.19
6.53
2.22
- -
4.46
- -
Return on Invested Capital (%)
6.69
8.52
- -
- -
- -
- -
- -
4.69
7.49
- -
- -
9.92
7.1
2.49
- -
4.62
- -
Return on Capital (%)
11.79
11.17
-10.44
-6.87
0.45
-30.09
-3.2
5.12
11.04
-6.85
-16.46
16.16
10.71
2.03
-26.35
6.33
- -
Return on Common Equity (%)

Capital Structure

HKD

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
2,910
2,737
2,852
LT Borrowings
819
664
646
LT Finance Leases
216
193
148
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
3,428
4,114
4,937
Market Capitalization
1,269
1,193
2,715

Working Capital

HKD

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
3,723
3,493
4,031
Cash, Cash Equivalents & STI
402
725
807
Accounts Receivable, Net
578
537
400
Inventories
1,001
750
681
Total Current Liabilities
5,382
4,883
5,471
Payables & Accruals
- -
- -
- -
ST Debt
2,910
2,737
2,852
Deferred Revenue
- -
- -
- -

Growth Rates

HKD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-0.67%
1.39%
26.39%
Free Cash Flow
4.01%
193.26%
6.68%
Net Income, GAAP
-192.5%
-332.84%
-123.04%
Sales/Revenue/Turnover
23.83%
30.18%
-51.79%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
17,134
2024
- -
- -
13,211
2025
- -
- -
6,369

Semi-annual Earnings Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.02
2024
- -
- -
-0.21
2025
- -
- -
0.04

Semi-annual Dividends Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
- -
2024
- -
- -
- -
2025
- -
- -
- -
Business
South Manganese Investment Limited (1091.HK), an investment holding company incorporated in Bermuda in 2005 and headquartered at Room A02, 35th Floor, United Centre, 95 Queensway, Admiralty, Hong Kong, engages in manganese mining, ore processing, and downstream processing operations primarily in Mainland China including Guangxi, Guizhou, and Guangdong provinces, as well as Gabon in Africa, with trading and sales extending to Asia, Europe, and North America. The company operates through four main segments: Manganese Mining, which produces manganese concentrates, natural discharging manganese powder, and sand; EMM and Alloying Materials Production, which processes ores via hydrometallurgical methods to manufacture electrolytic manganese metal and manganese briquette, and via pyrometallurgical methods to produce silicomanganese alloys and ferromanganese; Battery Materials Production, which manufactures electrolytic manganese dioxide, manganese sulfate, lithium manganese oxide, lithium nickel cobalt manganese oxide, and trimanganese tetraoxide for battery applications; and Other Business, which trades commodities such as manganese ores, electrolytic manganese metal, manganese alloys, non-manganese metals, and scraps, while also renting investment properties and leasehold lands, producing sulphuric acid and steam, manufacturing equipment, and investing in non-manganese metal mining and trading ventures. Formerly known as CITIC Dameng Holdings Limited, the company changed its name to South Manganese Investment Limited in February 2021 and listed on the Main Board of The Stock Exchange of Hong Kong Limited in November 2010. Recent developments include the entry into the Guangxi Dameng Purchase Framework Agreement and Guangxi Dameng Sales Framework Agreement on March 11, 2025, with related party Guangxi Dameng Group to secure manganese ore purchases and provide additional sales channels for the group's products, with shareholder approvals sought at a special general meeting on May 16, 2025; board restructuring effective October 10, 2025, featuring Mr. Zhang Yi's resignation as Chairman to focus on other commitments while retaining his vice president role, Mr. Zhang He's appointment as new Chairman with oversight of strategic direction and governance, Mr. An Wei's appointment as executive director, and adjustments to the Audit, Remuneration, and Nomination Committees including new memberships for Mr. Xu Xiang; and further committee role confirmations effective October 13, 2025, with Mr. Zhan Haiqing as Chief Executive Officer, aimed at enhancing governance and operational oversight.