1. China Stocks

  2. •

    Non-energy minerals

  3. •

    Precious metals
Shandong Humon Smelting Co., Ltd. Class A

Shandong Humon Smelting Co., Ltd. Class A

SSZSE:002237
11.57
CNY
+0.01
(+0.09%)
0.65EPS
22.05P/E
21.01BMarket Cap
Oct 24Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
12.92
17.2
15.65
17.74
21.86
23.51
31.75
37.4
36.4
43.12
57.22
65.93
95.18
90.35
Basic EPS, GAAP
0.25
0.28
0.2
0.22
0.44
0.45
0.34
0.38
0.4
0.43
0.45
0.48
0.54
0.67
Free Cash Flow per Basic Share
-1.19
1.37
0.28
-0.34
0.44
0.35
-0.07
-0.41
0.14
1
-0.4
-1.62
-2.78
- -
Dividend per Share
0.39
0.42
0.42
0.28
0.42
0.52
0.41
0.35
0.37
0.32
0.23
0.38
0.42
0.53
Book Value per Share
3.68
3.91
4.02
4.19
5
4.79
5.12
6.52
6.8
7.2
8.08
8.54
9.3
9.6
Tangible Book Value per Share
3.52
3.7
3.82
4.01
4.52
4.36
4.85
6.32
6.61
6.99
7.79
8.2
9.01
9.29
Basic Weighted Avg Shares
917
894
904
924
905
902
899
964
1,137
1,161
1,146
1,150
1,181
1,353
Sales/Revenue/Turnover
11,843
15,385
14,144
16,397
19,776
21,201
28,536
36,053
41,383
50,047
65,577
75,801
112,394
122,219
Operating Margin (%)
3.65
3.67
3.22
4.15
4.6
3.57
3.1
3.01
2.91
2.29
1.49
1.31
1.16
1.46
Depreciation Expense
265
297
325
365
429
468
539
545
552
548
537
550
736
- -
Net Income, GAAP
234
250
181
203
398
406
306
366
455
499
516
552
638
901
Effective Tax Rate (%)
19.68
23.51
17.89
19.32
17.49
17.21
16.93
13.32
13.46
15.46
12.39
10.64
21.31
23.8
Profit Margin (%)
1.97
1.63
1.28
1.24
2.01
1.91
1.07
1.02
1.1
1
0.79
0.73
0.57
0.74
Working Capital
1,137
1,220
1,047
-98
-68
-596
-75
2,767
3,761
5,993
8,650
7,148
7,309
7,123
LT Debt
1,092
1,094
1,178
87
73
100
6
235
1,022
2,626
5,428
5,617
3,333
3,392
Total Equity
3,390
3,587
3,671
3,829
4,558
4,366
4,650
7,482
7,773
8,193
9,178
9,683
13,159
13,595
Return on Invested Capital (%)
2.47
2.45
2.02
3.58
4.24
3.81
2.91
3.24
2.88
3.1
2.76
2.72
2.8
3.38
Return on Capital (%)
5.95
6.13
5.33
4.92
7.07
6.28
5.68
5.2
5.01
5.05
4.52
4.22
4.03
4.37
Return on Common Equity (%)
7.25
7.25
5.01
5.44
9.52
9.11
6.78
6.03
5.94
6.21
5.88
5.78
5.52
7.59

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
10,652
13,704
13,830
LT Borrowings
3,321
3,514
3,381
LT Finance Leases
12
12
12
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,430
1,430
1,430
Market Capitalization
19,190
21,307
21,006

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
26,780
28,939
26,915
Cash, Cash Equivalents & STI
4,049
6,036
6,158
Accounts Receivable, Net
40
10
11
Inventories
20,165
19,850
16,955
Total Current Liabilities
19,471
21,578
19,792
Payables & Accruals
- -
- -
- -
ST Debt
10,652
13,704
13,830
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
14.93%
12.55%
35.9%
Free Cash Flow
66.86%
144.37%
76.81%
Net Income, GAAP
16.52%
11.96%
15.55%
Sales/Revenue/Turnover
23.53%
26.12%
48.28%
Total Cash Common Dividend
7.13%
12.48%
11.45%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
20,808
20,163
17,190
17,640
75,801
2025
18,959
24,091
- -
35,950
112,394
2026
32,869
29,309
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.12
0.14
0.14
0.06
0.48
2025
0.14
0.13
- -
0.05
0.54
2026
0.13
0.34
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.07
0.2
0.04
0.08
0.38
2025
0.06
0.2
- -
0.09
0.42
2026
0.07
0.19
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Xiao Jun Xiao
Full Time Employees
6,294
Sector
Non-energy minerals
Industry
Precious metals
Address
Shuidao Town Yantai SD China 264000
IPO Date
May 21, 2008
Website
hbyl.cn
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Business
Shandong Humon Smelting Co., Ltd. (002237.SZ) is a China-based company principally engaged in the exploration, mining, dressing, smelting, and chemical production of gold and associated metals. The company produces gold, silver, electrolytic copper, lead ingots, zinc ingots, and sulfuric acid; rare and precious metals including antimony white, bismuth ingots, tellurium ingots, selenium dioxide, metallic arsenic, platinum, and palladium; as well as high-purity metals such as high-purity arsenic. It operates primarily in China with international trade activities and serves domestic and export markets including South Korea, Japan, and Southeast Asia. Founded in 1988 and headquartered in Yantai, Shandong Province, the company listed on the Shenzhen Stock Exchange in 2008 and became a holding subsidiary of Jiangxi Copper Co., Ltd. in 2019. Recent developments include strong financial performance with 2024 revenue of CNY 75.8 billion and total assets of CNY 24.7 billion, alongside a public tender for 3,000kg of high-purity tellurium scrap in December 2025 and ongoing production expansions in gold smelting capacity to 98.33 tonnes annually.