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Privately controlled Chinese gold miner that has expanded rapidly through domestic and overseas mine acquisitions.
Privately controlled Chinese gold miner that has expanded rapidly through domestic and overseas mine acquisitions.
In one line: A fast-growing, M&A-led Chinese mid-tier gold miner.
Moat: none (scale). Growth mainly from acquisitions rather than a structural cost or resource advantage.
Headquarters: Chifeng, China · Founded: 1997 · Employees: 6,738
Size Chifeng Jilong Gold Mining (600988.SS) is a China Materials company (Precious Metals) with a market value of $11.6B, the 216th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥37.39 on 6 Nov 2026.
Performance Over six months the shares fell 1.6%, against -13.5% for the median peer and -16.4% for the China market (cap-weighted) — 6th highest of 21 in its peer set.
Growth Revenue grew 23.0% over the last twelve months (peer median +45.0%); the operating margin is 42.6% (peer median 44.8%).
Valuation It trades at 17.4× forward earnings against a peer median of 11.2× (4th most expensive of 21).
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 +23%, so the hurdle is -28 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 26.1 points above its cost of capital (5.0% WACC).
Next results Next results expected around 1 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥14.1B | CN¥12.6B | CN¥9.02B | CN¥6.83B | CN¥6.26B |
| Revenue growth | — | +40% | +32% | +9% | — |
| Gross profit | CN¥8.73B | CN¥6.60B | CN¥3.91B | CN¥1.91B | CN¥1.74B |
| EBITDA | n/a | CN¥6.30B | CN¥4.22B | CN¥2.82B | CN¥2.31B |
| Net income | CN¥3.31B | CN¥3.08B | CN¥1.76B | CN¥804M | CN¥451M |
| Free cash flow | CN¥2.47B | CN¥3.23B | CN¥1.75B | CN¥461M | -CN¥827M |
| Capital expenditure | CN¥3.17B | CN¥2.33B | CN¥1.52B | CN¥1.74B | CN¥1.92B |
| Total debt | CN¥747M | CN¥1.06B | CN¥2.21B | CN¥2.74B | CN¥2.84B |
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 |
|---|---|---|---|---|---|---|
| Chifeng Jilong Gold Mining 600988.SS | $11.6B | -2% | +23% | 43% | 17.4× | -5.7% |
| 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% |
| Zijin Mining 601899.SS | $109B | -15% | +16% | 30% | 9.6× | -10.2% |
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 | 600988.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -4.3% | -1.3% | 8th lowest of 21 |
| 6-month return | -1.6% | -13.5% | 6th highest of 21 |
| Distance from 52-week high | -28.1% | -37.3% | 8th highest of 21 |
| Revenue growth (TTM) | +23.0% | +45.0% | 3rd lowest of 21 |
| Operating margin | 42.6% | 44.8% | 9th lowest of 21 |
| Forward P/E | 17.4× | 11.2× | 4th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | -5.7% | 5.1% | 5th least demanding of 18 |
| Growth delivered (Del g) | +22.6% | +19.1% | 6th highest of 18 |
| Hurdle (Req g minus delivered) | -28.3 pp | -17.6 pp | 5th least demanding of 18 |
| ROIC minus cost of capital | +26.1 pp | +11.4 pp | 3rd highest of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Chifeng Jilong Gold Mining 600988.SS | China | $11.6B | -2% | +23% | 43% | 17.4× | -5.7% | +22.6% |
| IAMGOLD IMG.TO | Canada | $10.8B | +6% | +83% | 48% | 9.1× | 1.4% | +19.1% |
| Shanjin International Gold 000975.SZ | China | $10.2B | -6% | -4% | 36% | 15.2× | -5.7% | +16.7% |
| Alamos Gold AGI.TO | Canada | $13.4B | -22% | +41% | 57% | 11.3× | 7.8% | +20.3% |
| Equinox Gold EQX.TO | Canada | $13.5B | -17% | +63% | 36% | 9.7× | 21.0% | +17.5% |
| G Mining Ventures GMIN.TO | Canada | $9.98B | -10% | +72% | 66% | 19.4× | n/a | n/a |
| Hecla Mining HL | United States | $9.90B | -21% | +30% | 48% | 18.1× | 8.0% | +15.0% |
| Endeavour Mining EDV.TO | Canada | $13.7B | -10% | +27% | 47% | 9.3× | -6.5% | +25.4% |
| Harmony Gold Mining Co. Ltd. Sponsored ADR HMY | United States | $9.84B | -3% | +50% | 45% | 5.3× | -14.1% | +17.7% |
| Eldorado Gold ELD.TO | Canada | $9.37B | +11% | +25% | 45% | 7.7× | n/a | n/a |
| China Gold International Resources CGG.TO | Canada | $9.08B | +10% | +53% | 56% | 9.7× | 5.2% | +10.4% |
| Zhongjin Gold 600489.SS | China | $15.1B | -20% | +25% | 13% | 11.4× | -5.9% | +10.5% |
| DPM Metals DPM.TO | Canada | $8.61B | +18% | +96% | 55% | 10.1× | 5.1% | +8.6% |
| Coeur Mining CDE | United States | $15.9B | -17% | +117% | 35% | 12.1× | 10.9% | +21.6% |
| Shandong Gold Mining 1787.HK | Hong Kong | $16.4B | -42% | +12% | 13% | 11.1× | n/a | n/a |
| Lundin Gold LUG.TO | Canada | $17.0B | +7% | +36% | 65% | 16.0× | 9.9% | +39.0% |
| Pan American Silver PAAS.TO | Canada | $17.2B | -26% | +37% | 39% | 9.5× | 4.4% | +23.0% |
| Zhaojin Mining Industry 1818.HK | Hong Kong | $7.87B | -42% | +49% | 34% | 17.0× | -2.5% | +17.9% |
| First Majestic Silver AG.TO | Canada | $7.52B | -27% | +96% | 44% | 18.1× | 9.2% | +29.2% |
| Evolution Mining EVN.AX | Australia | $18.3B | -4% | +28% | 42% | 13.4× | 10.8% | +24.4% |
| Compania de Minas Buenaventura SAA Sponsored ADR BVN | United States | $7.25B | -21% | +64% | 45% | 6.5× | -14.1% | +20.7% |