Loading…
Shandong gold smelting and refining company processing gold and other metals from ore and recycled material.
Shandong gold smelting and refining company processing gold and other metals from ore and recycled material.
In one line: A small Chinese gold smelter/refiner.
Moat: none (scale). Commodity metals smelter with limited pricing power over refined gold and byproducts.
Headquarters: Shandong, China · Employees: 6,294
Size Shandong Humon Smelting (002237.SZ) is a China Materials company (Precious Metals) with a market value of $2.44B, the 1052nd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥11.37 on 6 Nov 2026.
Performance Over six months the shares fell 31.6%, against -14.2% for the median peer and -16.4% for the China market (cap-weighted) — 2nd lowest of 19 in its peer set.
Growth Revenue grew 25.2% over the last twelve months (peer median +55.2%); the operating margin is 1.0% (peer median 39.4%).
Valuation It trades at 11.2× forward earnings against a peer median of 8.0× (5th most expensive of 13).
Capital Return on invested capital runs 0.7 points below its cost of capital (6.0% WACC).
Next results Next results expected around 22 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥118B | CN¥112B | CN¥75.7B | CN¥65.5B | CN¥50.0B |
| Revenue growth | — | +48% | +16% | +31% | — |
| Gross profit | CN¥3.30B | CN¥2.00B | CN¥1.63B | CN¥1.50B | CN¥1.66B |
| EBITDA | n/a | CN¥1.77B | CN¥1.23B | CN¥1.41B | CN¥1.59B |
| Net income | CN¥1.05B | CN¥638M | CN¥552M | CN¥516M | CN¥499M |
| Free cash flow | -CN¥3.57B | -CN¥3.27B | -CN¥1.86B | -CN¥445M | CN¥1.18B |
| Capital expenditure | CN¥1.45B | CN¥1.28B | CN¥2.27B | CN¥1.50B | CN¥406M |
| Total debt | CN¥18.1B | CN¥14.0B | CN¥11.7B | CN¥10.0B | CN¥8.72B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Shandong Humon Smelting 002237.SZ | $2.44B | -32% | +25% | 1% | 11.2× | n/a |
| Zijin Mining 601899.SS | $109B | -15% | +16% | 30% | 9.6× | -10.2% |
| Shandong Gold Mining 600547.SS | $16.5B | -24% | +12% | 13% | 18.9× | -5.6% |
| Zhongjin Gold 600489.SS | $15.1B | -20% | +25% | 13% | 11.4× | -5.9% |
| Chifeng Jilong Gold Mining 600988.SS | $11.6B | -2% | +23% | 43% | 17.4× | -5.7% |
| Zhaojin Mining Industry 1818.HK | $7.87B | -42% | +49% | 34% | 17.0× | -2.5% |
| Hunan Gold 002155.SZ | $4.72B | -33% | +1% | 4% | 15.3× | 11.1% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 002237.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -7.8% | -4.4% | 7th lowest of 21 |
| 6-month return | -31.6% | -14.2% | 2nd lowest of 19 |
| Distance from 52-week high | -51.7% | -32.6% | 2nd lowest of 21 |
| Revenue growth (TTM) | +25.2% | +55.2% | 4th lowest of 15 |
| Operating margin | 1.0% | 39.4% | 3rd lowest of 16 |
| Forward P/E | 11.2× | 8.0× | 5th most expensive of 13 |
| ROIC minus cost of capital | -0.7 pp | +12.8 pp | 7th lowest of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Shandong Humon Smelting 002237.SZ | China | $2.44B | -32% | +25% | 1% | 11.2× | n/a | n/a |
| Perpetua Resources PPTA | United States | $2.44B | -35% | n/a | n/a | n/a | n/a | n/a |
| Sichuan Gold 001337.SZ | China | $2.52B | -25% | +57% | 56% | n/a | 17.7% | +13.6% |
| Endeavour Silver EDR.TO | Canada | $2.34B | -20% | +198% | 26% | 10.9× | n/a | n/a |
| West African Resources WAF.AX | Australia | $2.74B | +4% | +194% | 57% | 4.4× | -18.5% | +37.7% |
| Novagold Resources NG | United States | $2.81B | -27% | n/a | n/a | n/a | n/a | n/a |
| Seabridge Gold SEA.TO | Canada | $2.87B | -8% | n/a | n/a | n/a | n/a | n/a |
| Fortuna Mining FVI.TO | Canada | $2.87B | -5% | +6% | 49% | 6.4× | -4.6% | +29.0% |
| Sino-Platinum Metals 600459.SS | China | $2.06B | -17% | -27% | 2% | 19.0× | n/a | n/a |
| Wesdome Gold Mines WDO.TO | Canada | $2.92B | +6% | +49% | 57% | 7.8× | -10.7% | +33.5% |
| Lingbao Gold 3330.HK | Hong Kong | $2.94B | -28% | -10% | 22% | 8.0× | -5.6% | +17.8% |
| DRDGOLD Ltd. Sponsored ADR DRD | United States | $2.00B | -16% | +53% | 51% | 8.1× | -16.4% | +14.1% |
| Mineros MSA.TO | Canada | $2.00B | +73% | +77% | 39% | 7.3× | -5.8% | +11.8% |
| Silvercorp Metals SVM.TO | Canada | $1.99B | -31% | +59% | 56% | 12.9× | 4.7% | +19.0% |
| Emerald Resources NL EMR.AX | Australia | $3.04B | +6% | +40% | 61% | 15.2× | 1.5% | +26.4% |
| Sinda SIND | United States | $1.95B | n/a | n/a | n/a | n/a | n/a | n/a |
| Ora Banda Mining OBM.AX | Australia | $1.93B | +4% | +101% | 39% | 16.6× | 1.1% | +101.1% |
| Snowline Gold SGD.TO | Canada | $1.93B | -6% | n/a | n/a | n/a | n/a | n/a |
| Predictive Discovery PDI.AX | Australia | $3.08B | -13% | n/a | -28% | n/a | n/a | n/a |
| Sunshine Silver Mining & Refining SSMR | United States | $1.91B | n/a | +422% | -3,022% | n/a | n/a | n/a |
| Allied Gold AAUC.TO | Canada | $3.24B | -19% | +54% | 32% | 3.9× | n/a | n/a |