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Shangshan Gold International Holdings Limited

Shangshan Gold International Holdings Limited

HHKEX:1939
0.65
HKD
+0.01
(+0.78%)
271.30MMarket Cap
Shangshan Gold International Holdings Limited
HKEX:1939
(Hong Kong Exchange)

Recent

price

0.65

P/E

ratio

- -

div

yld

- -

ROIC.AI

2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
HKD
0.28
0.3
0.35
0.38
0.22
0.16
0.16
0.15
0.12
0.12
0.21
- -
Revenue per Share
0.04
0.06
0.09
0.02
0.02
0.02
0.02
-0.02
-0.05
-0.04
-0.04
- -
Basic EPS, GAAP
0.07
0.05
-0.24
0.03
-0.29
0.1
-0.05
-0.03
-0.02
0.07
-0.11
- -
Free Cash Flow per Basic Share
- -
- -
0.09
- -
0.02
0.01
0.01
0.01
- -
- -
- -
- -
Dividend per Share
0.13
0.2
0.21
0.56
0.56
0.56
0.56
0.52
0.47
0.44
0.56
0.56
Book Value per Share
0.13
0.2
0.21
0.56
0.56
0.55
0.55
0.51
0.47
0.44
0.56
0.56
Tangible Book Value per Share
500
500
500
434
500
500
500
500
500
500
505
502
Basic Weighted Avg Shares
139
148
173
166
108
81
80
73
58
62
107
- -
Sales/Revenue/Turnover
22.8
29.36
33.81
12.18
9.33
12
15.33
-11.34
-44.8
-26.14
-16.39
- -
Operating Margin (%)
1
2
2
3
10
10
9
8
7
7
6
- -
Depreciation Expense
18
31
44
9
8
8
8
-8
-27
-19
-22
- -
Net Income, GAAP
31.91
21.07
24.24
43.65
21.21
27.07
28.2
- -
- -
- -
- -
- -
Effective Tax Rate (%)
13.34
20.79
25.43
5.2
7.85
10.36
10.6
-11.39
-46.48
-31.36
-20.26
- -
Profit Margin (%)
64
97
93
277
258
307
298
276
247
240
297
297
Working Capital
8
7
5
3
16
52
41
32
34
25
17
17
LT Debt
75
108
110
287
284
286
284
263
239
225
290
290
Total Equity
- -
21
24.24
3.19
2.17
3.4
1.75
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
24.07
29.87
3.65
2.93
2.54
2.59
- -
- -
- -
- -
- -
Return on Capital (%)
- -
37.18
43.63
4.5
3.01
2.98
3
-3.07
-10.87
-8.52
-8.56
- -
Return on Common Equity (%)

Capital Structure

HKD

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
ST Debt
18
16
18
LT Borrowings
23
21
15
LT Finance Leases
3
3
2
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
500
500
512
Market Capitalization
210
4,600
271

Working Capital

HKD

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
Total Current Assets
381
442
437
Cash, Cash Equivalents & STI
84
75
96
Accounts Receivable, Net
77
153
102
Inventories
132
137
132
Total Current Liabilities
142
201
140
Payables & Accruals
- -
- -
- -
ST Debt
18
16
18
Deferred Revenue
- -
- -
- -

Growth Rates

HKD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
21.15%
1.16%
29.21%
Free Cash Flow
-292.17%
-179.57%
-246.83%
Net Income, GAAP
3.73%
2.27%
11.84%
Sales/Revenue/Turnover
0.94%
9.98%
73.16%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
58
2025
- -
- -
62
2026
- -
- -
107

Semi-annual Earnings Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
-0.05
2025
- -
- -
-0.04
2026
- -
- -
-0.04

Semi-annual Dividends Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
- -
2025
- -
- -
- -
2026
- -
- -
- -
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Business
Shangshan Gold International Holdings Limited (1939.HK) engages in the exploration, development, mining, and sale of gold properties in China. The company operates through its primary segments, including gold mining and processing; offers gold bullion, doré bars, and concentrates; and provides related services such as geological exploration and mine development. Headquartered in Wan Chai, Hong Kong, and founded in 2012, Shangshan Gold focuses on precious metals extraction primarily in the Heilongjiang province, targeting institutional buyers and refineries in the domestic market. Its core assets include the Zhangquangou Gold Mine and Laoyaching Gold Mine, where it employs underground mining techniques and carbon-in-leach processing to produce high-grade gold ore. The company maintains operations across northern China, with exploration activities extending to adjacent regions for resource expansion. Shangshan Gold also manages environmental rehabilitation and safety protocols compliant with local regulations. In recent developments, Shangshan Gold reported a significant production increase in 2024, achieving over 20% year-on-year growth in gold output following optimizations at its key mines. The company secured a strategic partnership with a major Chinese state-owned enterprise for technology upgrades in processing facilities in early 2025. Additionally, it completed a HK$500 million funding round in late 2024 to support expansion into adjacent gold deposits and commenced commercial production at a new satellite mine in Heilongjiang.