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Chinese gold mining and refining company operating mines mainly in Henan province.
Chinese gold mining and refining company operating mines mainly in Henan province.
Sells gold and by-product silver at market prices, so profit depends on the gap between the gold price and its cost of mining and refining. Owning the smelter as well as the mines means it captures the refining step.
In one line: A mid-size Chinese gold miner.
Moat: none. Commodity gold producer with returns driven mainly by gold prices, not differentiation.
Headquarters: Lingbao, Henan, China · Founded: 2000 · Employees: 3,670
Size Lingbao Gold (3330.HK) is a Hong Kong Materials company (Precious Metals) with a market value of $2.94B, the 339th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$16.73 on 6 Nov 2026.
Performance Over six months the shares fell 27.8%, against -13.9% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 3rd lowest of 21 in its peer set.
Growth Revenue fell 9.8% over the last twelve months (peer median +56.6%); the operating margin is 22.4% (peer median 46.3%).
Valuation It trades at 8.0× forward earnings against a peer median of 8.7× (7th cheapest of 15).
Price implies For today's price to make sense, revenue must grow about -6% a year for seven years (Req g). Recent delivered growth is +18%, so the hurdle is -23 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 11.3 points above its cost of capital (7.8% WACC).
Next results Next results expected around 1 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$15.0B | HK$14.3B | HK$12.9B | HK$11.6B | HK$11.8B |
| Revenue growth | — | +11% | +11% | -1% | — |
| Gross profit | HK$3.99B | HK$3.06B | HK$1.59B | HK$1.07B | HK$913M |
| EBITDA | HK$3.81B | HK$2.93B | HK$1.49B | HK$964M | HK$865M |
| Net income | HK$2.07B | HK$1.67B | HK$757M | HK$351M | HK$279M |
| Free cash flow | HK$1.06B | -HK$63.8M | HK$268M | -HK$9.39M | HK$75.7M |
| Capital expenditure | HK$1.77B | HK$1.33B | HK$668M | HK$492M | HK$537M |
| Total debt | n/a | HK$4.70B | HK$2.84B | HK$3.16B | HK$4.17B |
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 |
|---|---|---|---|---|---|---|
| Lingbao Gold 3330.HK | $2.94B | -28% | -10% | 22% | 8.0× | -5.6% |
| Zijin Mining 2899.HK | $111B | -23% | +21% | 30% | 8.3× | -6.0% |
| Zhaojin Mining Industry 1818.HK | $7.87B | -42% | +49% | 34% | 17.0× | -2.5% |
| DPM Metals DPM.TO | $8.61B | +18% | +96% | 55% | 10.1× | 5.1% |
| 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% |
| Shanjin International Gold 000975.SZ | $10.2B | -6% | -4% | 36% | 15.2× | -5.7% |
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 | 3330.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -12.9% | -2.4% | 2nd lowest of 21 |
| 6-month return | -27.8% | -13.9% | 3rd lowest of 21 |
| Distance from 52-week high | -46.4% | -31.5% | 6th lowest of 21 |
| Revenue growth (TTM) | -9.8% | +56.6% | lowest of 16 |
| Operating margin | 22.4% | 46.3% | 3rd lowest of 16 |
| Forward P/E | 8.0× | 8.7× | 7th cheapest of 15 |
| Growth the price implies (Req g, 7 yrs) | -5.6% | -5.7% | 7th least demanding of 13 |
| Growth delivered (Del g) | +17.8% | +26.1% | 3rd lowest of 13 |
| Hurdle (Req g minus delivered) | -23.4 pp | -32.7 pp | 4th most demanding of 13 |
| ROIC minus cost of capital | +11.3 pp | +18.9 pp | 9th lowest of 20 |
| EV / EBITDA | 7.0× | 5.2× | 4th most expensive of 13 |
| Net debt / EBITDA | 0.4× | -0.4× | most indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Lingbao Gold 3330.HK | Hong Kong | $2.94B | -28% | -10% | 22% | 8.0× | -5.6% | +17.8% |
| Wesdome Gold Mines WDO.TO | Canada | $2.92B | +6% | +49% | 57% | 7.8× | -10.7% | +33.5% |
| Fortuna Mining FVI.TO | Canada | $2.87B | -5% | +6% | 49% | 6.4× | -4.6% | +29.0% |
| Seabridge Gold SEA.TO | Canada | $2.87B | -8% | n/a | n/a | n/a | n/a | n/a |
| Emerald Resources NL EMR.AX | Australia | $3.04B | +6% | +40% | 61% | 15.2× | 1.5% | +26.4% |
| Predictive Discovery PDI.AX | Australia | $3.08B | -13% | n/a | -28% | n/a | n/a | n/a |
| Novagold Resources NG | United States | $2.81B | -27% | n/a | n/a | n/a | n/a | n/a |
| West African Resources WAF.AX | Australia | $2.74B | +4% | +194% | 57% | 4.4× | -18.5% | +37.7% |
| Allied Gold AAUC.TO | Canada | $3.24B | -19% | +54% | 32% | 3.9× | n/a | n/a |
| Aris Mining ARIS.TO | Canada | $3.24B | -15% | +94% | 46% | 5.5× | 2.1% | +19.8% |
| Western Region Gold 601069.SS | China | $3.29B | -26% | +118% | n/a | 11.2× | 11.7% | +19.5% |
| Hochschild Mining HOC.L | United Kingdom | $3.37B | -27% | +37% | 44% | 9.8× | -10.7% | +14.1% |
| Sichuan Gold 001337.SZ | China | $2.52B | -25% | +57% | 56% | n/a | 17.7% | +13.6% |
| Regis Resources RRL.AX | Australia | $3.49B | -3% | +43% | 43% | 8.5× | -9.5% | +23.5% |
| Perpetua Resources PPTA | United States | $2.44B | -35% | n/a | n/a | n/a | n/a | n/a |
| Shandong Humon Smelting 002237.SZ | China | $2.44B | -32% | +25% | 1% | 11.2× | n/a | n/a |
| Westgold Resources WGX.AX | Australia | $3.64B | -2% | +79% | 32% | 8.8× | -7.6% | +33.7% |
| Aya Gold & Silver AYA.TO | Canada | $3.68B | +40% | +265% | 53% | 19.2× | 17.9% | +72.4% |
| Endeavour Silver EDR.TO | Canada | $2.34B | -20% | +198% | 26% | 10.9× | n/a | n/a |
| Pan African Resources PAF.L | United Kingdom | $3.79B | -25% | +106% | 54% | 7.2× | -6.7% | +25.7% |
| Skeena Resources SKE.TO | Canada | $3.90B | +6% | n/a | n/a | n/a | n/a | n/a |