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Xinjiang-based gold mining and smelting company producing gold and associated metals from its own mines.
Xinjiang-based gold mining and smelting company producing gold and associated metals from its own mines.
Sells its gold and refined gold products at prices that follow the Shanghai gold exchange and global gold prices, so earnings move with the price and the cost per gram of its own ore. Owning the mines and the smelter lets it capture the margin from digging through to refining.
In one line: A small Chinese regional gold miner.
Moat: narrow (scale). Owns mining licences and reserves in Xinjiang, a barrier to new entrants but not a differentiated product.
Headquarters: Xinjiang, China · Employees: 2,137
Size Western Region Gold (601069.SS) is a China Materials company (Precious Metals) with a market value of $3.29B, the 788th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥24.11 on 6 Nov 2026.
Performance Over six months the shares fell 26.0%, against -4.1% for the median peer and -16.4% for the China market (cap-weighted) — 4th lowest of 21 in its peer set.
Growth Revenue grew 118.4% over the last twelve months (peer median +47.1%).
Valuation It trades at 11.2× forward earnings against a peer median of 8.5× (6th most expensive of 16).
Price implies For today's price to make sense, revenue must grow about 12% a year for seven years (Req g). Recent delivered growth is +20%, so the hurdle is -8 pp: the price already allows for a slowdown.
Next results Next results expected around 25 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥19.8B | CN¥13.6B | CN¥6.99B | CN¥4.46B | CN¥4.49B |
| Revenue growth | — | +94% | +57% | -1% | — |
| Gross profit | n/a | CN¥1.30B | CN¥759M | CN¥185M | CN¥734M |
| EBITDA | n/a | CN¥1.30B | CN¥830M | CN¥444M | CN¥762M |
| Net income | n/a | CN¥472M | CN¥254M | -CN¥274M | CN¥177M |
| Free cash flow | CN¥1.07B | -CN¥1.25B | -CN¥457M | -CN¥246M | CN¥85.0M |
| Capital expenditure | CN¥1.34B | CN¥967M | CN¥813M | CN¥155M | CN¥284M |
| Total debt | CN¥5.63B | CN¥6.46B | CN¥2.25B | CN¥1.30B | CN¥434M |
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 |
|---|---|---|---|---|---|---|
| Western Region Gold 601069.SS | $3.29B | -26% | +118% | n/a | 11.2× | 11.7% |
| 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% |
| Sichuan Gold 001337.SZ | $2.52B | -25% | +57% | 56% | n/a | 17.7% |
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 | 601069.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -0.1% | -1.7% | 9th highest of 21 |
| 6-month return | -26.0% | -4.1% | 4th lowest of 21 |
| Distance from 52-week high | -52.3% | -27.0% | 2nd lowest of 21 |
| Revenue growth (TTM) | +118.4% | +47.1% | 3rd highest of 17 |
| Forward P/E | 11.2× | 8.5× | 6th most expensive of 16 |
| Growth the price implies (Req g, 7 yrs) | 11.7% | -4.6% | 4th most demanding of 16 |
| Growth delivered (Del g) | +19.5% | +26.4% | 5th lowest of 16 |
| Hurdle (Req g minus delivered) | -7.8 pp | -32.4 pp | 3rd most demanding of 16 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Western Region Gold 601069.SS | China | $3.29B | -26% | +118% | n/a | 11.2× | 11.7% | +19.5% |
| Aris Mining ARIS.TO | Canada | $3.24B | -15% | +94% | 46% | 5.5× | 2.1% | +19.8% |
| Allied Gold AAUC.TO | Canada | $3.24B | -19% | +54% | 32% | 3.9× | n/a | n/a |
| Hochschild Mining HOC.L | United Kingdom | $3.37B | -27% | +37% | 44% | 9.8× | -10.7% | +14.1% |
| Regis Resources RRL.AX | Australia | $3.49B | -3% | +43% | 43% | 8.5× | -9.5% | +23.5% |
| Predictive Discovery PDI.AX | Australia | $3.08B | -13% | n/a | -28% | n/a | n/a | n/a |
| Emerald Resources NL EMR.AX | Australia | $3.04B | +6% | +40% | 61% | 15.2× | 1.5% | +26.4% |
| 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% |
| 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 |
| Pan African Resources PAF.L | United Kingdom | $3.79B | -25% | +106% | 54% | 7.2× | -6.7% | +25.7% |
| Novagold Resources NG | United States | $2.81B | -27% | n/a | n/a | n/a | n/a | n/a |
| Skeena Resources SKE.TO | Canada | $3.90B | +6% | 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% |
| Vault Minerals VAU.AX | Australia | $4.19B | +21% | +35% | 33% | 13.0× | -0.1% | +59.0% |
| Centerra Gold CG.TO | Canada | $4.25B | +27% | +44% | 27% | 12.4× | 6.5% | +13.9% |
| Sichuan Gold 001337.SZ | China | $2.52B | -25% | +57% | 56% | n/a | 17.7% | +13.6% |
| Capricorn Metals CMM.AX | Australia | $4.42B | -1% | +45% | 58% | 17.6× | 12.7% | +33.9% |