Zhongjin Gold (600489) Stock Price, Fundamentals & Analysis

What 600489 does

Zhongjin Gold (600489) is a stock listed on the Shanghai Stock Exchange that operates in the Gold industry within the Basic Materials sector. The company, headquartered in Beijing, China, engages in the exploration, mining, beneficiation, and smelting of gold and other non-ferrous metals. It produces gold in various forms, including gold concentrate, alloyed gold, and standard gold, along with copper, silver, tellurium, platinum, ammonium perrhenate, selenium, molybdenum, and sulfuric acid. The company also provides investment and management services in geological exploration and mining, processes by-products from gold production, and conducts research and development in gold production technology. Zhongjin Gold employs 24,607 people and was founded in 2000. It is part of the CSI 300 index and operates alongside peers such as Zijin Mining Group (601899) and Jiangxi Copper (600362).

Key numbers explained

• 22.12 CNY is the current price per share, representing the cost to buy one unit of the company on the market.
• -5.47% is the price change today, showing the intraday percentage movement relative to the previous close.
• 107.22B CNY is the market capitalization, the total market value of all outstanding shares.
• The trailing P/E ratio of 17.1 divides the current share price by the last twelve months of earnings per share (1.29 CNY), indicating how much investors pay per unit of recent earnings.
• The forward P/E ratio of 12.9 uses expected future earnings, often a more optimistic view of valuation.
• The dividend yield of 2.07% shows the annual dividend as a percentage of the share price, though the share of earnings paid out as dividends is 0%, meaning the current yield may reflect a special or one-time distribution.
• 0.69 is the beta, a measure of volatility relative to the market; a value below 1 suggests lower sensitivity to market swings.
• 17.56 – 41.48 is the 52-week price range, with the current price near the lower end, and the 52-week price change of 4.7% showing modest growth over the year.

What to watch

• Gold prices and other commodity costs directly affect revenue and margins for mining companies like Zhongjin Gold.
• Operating margin of 14.5% and profit margin of 7.6% show how efficiently the company converts revenue into operating and net profit.
• Return on equity of 21.5% indicates the company's ability to generate profit from shareholders' equity.
• Debt-to-equity ratio of 53.6% reflects the balance between borrowed funds and shareholder capital, a factor in financial risk.
• Revenue growth of 0.9% year over year suggests modest top-line expansion, which can be influenced by production volumes and metal prices.
• The ex-dividend date of Aug 13, 2026 is the key date for eligibility for the next dividend payment.