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Tibet-based Chinese mining company; specific mineral/metal focus not confirmed with confidence.
Tibet-based Chinese mining company; specific mineral/metal focus not confirmed with confidence.
Moat: none
Headquarters: Tibet (Xizang), China · Employees: 290
Size Xizang Zhihui Mining (2546.HK) is a Hong Kong Materials company (Other Metals/Minerals) with a market value of $1.08B, the 575th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$17.41 on 6 Nov 2026.
Performance Over six months the shares gained 8.1%, against -24.0% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 2nd highest of 20 in its peer set.
Growth Revenue grew 104.4% over the last twelve months (peer median +25.0%); the operating margin is 28.0% (peer median 6.2%).
Valuation It trades at 11.8× enterprise value to sales against a peer median of 2.1× (4th most expensive of 17).
Price implies For today's price to make sense, revenue must grow about 33% a year for seven years (Req g). Recent delivered growth is +6%, so the hurdle is +27 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 0.2 points above its cost of capital (10.9% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | n/a | HK$668M | HK$327M | HK$603M | HK$561M |
| Revenue growth | — | +104% | -46% | +8% | — |
| Gross profit | n/a | HK$235M | HK$113M | HK$241M | HK$203M |
| EBITDA | n/a | HK$260M | HK$110M | HK$253M | HK$225M |
| Net income | n/a | HK$163M | HK$60.6M | HK$171M | HK$137M |
| Free cash flow | n/a | HK$19.7M | HK$25.8M | HK$17.9M | HK$242M |
| Capital expenditure | n/a | HK$141M | HK$144M | HK$166M | HK$45.4M |
| Total debt | n/a | HK$98.4M | HK$68.9M | HK$3.76M | HK$5.29M |
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.
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 | 2546.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -17.0% | -16.5% | 11th highest of 21 |
| 6-month return | +8.1% | -24.0% | 2nd highest of 20 |
| Distance from 52-week high | -29.2% | -46.9% | 4th highest of 21 |
| Revenue growth (TTM) | +104.4% | +25.0% | 2nd highest of 16 |
| Operating margin | 28.0% | 6.2% | 4th highest of 17 |
| EV / Sales | 11.8× | 2.1× | 4th most expensive of 17 |
| Growth the price implies (Req g, 7 yrs) | 32.8% | -2.2% | most demanding of 6 |
| Growth delivered (Del g) | +6.0% | +13.0% | 3rd lowest of 6 |
| Hurdle (Req g minus delivered) | +26.8 pp | -16.0 pp | most demanding of 6 |
| ROIC minus cost of capital | +0.2 pp | -5.6 pp | 7th highest of 18 |
| EV / EBITDA | 30.4× | 10.5× | 2nd most expensive of 9 |
| Net debt / EBITDA | -2.6× | 1.1× | least indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Xizang Zhihui Mining 2546.HK | Hong Kong | $1.08B | +8% | +104% | 28% | 11.8× | 32.8% | +6.0% |
| Zimplats ZIM.AX | Australia | $1.06B | -15% | +50% | 33% | 0.8× | -15.0% | +1.1% |
| Londian Wason New Energy Tech, Inc. Unsponsored ADR FOIL | United States | $1.11B | n/a | +25% | 5% | 0.6× | n/a | n/a |
| Jain Resource Recycling JAINREC.NS | India | $1.05B | -43% | +48% | 5% | 0.9× | n/a | n/a |
| Americas Gold and Silver USA.TO | Canada | $1.05B | -50% | +86% | 19% | 5.6× | n/a | n/a |
| Alphamin Resources AFM.V | Canada | $1.12B | -15% | +45% | 54% | 1.3× | n/a | n/a |
| Uranium Royalty UROY | United States | $1.16B | -24% | +1,570% | 27% | 9.4× | 17.4% | +161.8% |
| Jiangxi Jiangnan New Material Technology 603124.SS | China | $1.16B | -37% | +19% | 3% | 0.8× | n/a | n/a |
| Collective Mining CNL.TO | Canada | $1.17B | -22% | n/a | n/a | n/a | n/a | n/a |
| Gravita India GRAVITA.NS | India | $1.17B | -17% | +24% | 8% | 2.2× | n/a | n/a |
| TMC TMC | United States | $1.00B | -60% | n/a | n/a | n/a | n/a | n/a |
| Jinchuan Group International Resources 2362.HK | Hong Kong | $997M | +4% | +65% | 22% | 2.0× | -2.2% | -1.8% |
| AMG Critical Materials AMG.AS | Netherlands | $988M | -41% | +12% | 7% | 0.8× | 0.2% | +13.0% |
| Eramet ERA.PA | France | $1.19B | -38% | 0% | -1% | 1.4× | n/a | n/a |
| Solaris Resources SLS.TO | Canada | $1.19B | -28% | n/a | n/a | n/a | n/a | n/a |
| Faraday Copper FDY.TO | Canada | $1.21B | -18% | n/a | n/a | n/a | n/a | n/a |
| Ivanhoe Electric IE | United States | $1.21B | -45% | -21% | -3,916% | 328.4× | n/a | n/a |
| Zhejiang Tony Electronic 603595.SS | China | $960M | +52% | +5% | -12% | 3.8× | n/a | n/a |
| North Long Dragon New Materials Tech 301357.SZ | China | $1.23B | -20% | -9% | -23% | 49.9× | n/a | n/a |
| Evolution Metals & Technologies EMAT | United States | $1.23B | -79% | n/a | -548% | 356.1× | n/a | n/a |
| Metals X MLX.AX | Australia | $934M | -11% | +26% | 53% | 2.9× | -10.3% | +31.2% |