Loading…
← CockpitCompetitor Analysis › 603132.SS Jinhui Mining Co. Ltd. Class AOpen in the cockpit ↗

Jinhui Mining Co. Ltd. Class A603132.SSCompetitor analysis, valuation and peers

China · CNY·Materials›Other Metals/Minerals

Gansu-based polymetallic miner producing lead, zinc, gold and silver concentrate.

Momentum strong 75
Mkt cap
$2.53B
US dollars, full cap
Free float
9%
of shares outstanding
$/day
$16.7M
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
+4.4 pp
WACC 7.4%
Hurdle
n/a
no reverse DCF
Close · CNYCN¥17.25
1D-0.1%
1W+8.2%
1M-3.4%
3M+1.4%
6M-11.4%
YTD+17.6%
1Y+21.6%
ATR %4.3%
52w lowhigh27.7% off high

What Jinhui Mining does

Gansu-based polymetallic miner producing lead, zinc, gold and silver concentrate.

Products and services

  • Lead-zinc concentrate
  • Gold/silver by-product

Customers

  • Smelters/traders

Where it sits in the supply chain

  • Materials
  • Base/precious metals
  • Polymetallic mining

What could go right

  • Metal price upside

What could go wrong

  • Commodity price cycles
  • Mine depletion

Moat: narrow (scale). Owns polymetallic mine resources in Gansu giving a resource-based cost edge.

Headquarters: Gansu, China · Employees: 1,769

Named competitors

Jinhui Mining at a glance

Size Jinhui Mining (603132.SS) is a China Materials company (Other Metals/Minerals) with a market value of $2.53B, the 1021st largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥17.25 on 6 Nov 2026.

Performance Over six months the shares fell 11.4%, against -27.6% for the median peer and -16.4% for the China market (cap-weighted) — 8th highest of 20 in its peer set.

Growth Revenue grew 37.8% over the last twelve months (peer median +31.0%); the operating margin is 51.4% (peer median 10.6%).

Valuation It trades at 9.9× enterprise value to sales against a peer median of 4.6× (4th most expensive of 21).

Capital Return on invested capital runs 4.4 points above its cost of capital (7.4% WACC).

Relative performance

8010011 May 202611 Aug 20266 Nov 2026603132.SS 88Peer median 70
Six months, rebased to 100: Jinhui Mining against the median of its 20 peers (local-currency closes).

Jinhui Mining financials

Reported figures in CNY; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueCN¥2.23BCN¥1.71BCN¥1.53BCN¥1.27BCN¥1.23B
Revenue growth—+12%+20%+3%—
Gross profitCN¥1.69BCN¥1.03BCN¥872MCN¥616MCN¥764M
EBITDAn/aCN¥1.00BCN¥885MCN¥640MCN¥768M
Net incomeCN¥843MCN¥542MCN¥470MCN¥343MCN¥470M
Free cash flow-CN¥53.2M-CN¥434M-CN¥354MCN¥499MCN¥535M
Capital expenditureCN¥1.42BCN¥1.34BCN¥1.12BCN¥259MCN¥114M
Total debtCN¥5.61BCN¥4.17BCN¥3.07BCN¥2.16BCN¥1.31B

Quarterly statements and history in the cockpit →

Jinhui Mining competitor charts

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.

Performance: 6-month against 1-month return

-60%-40%-20%0%-40%-20%0%TKOIGO603663601609ALM000603PDN00214957140022406011376009618358ALS000737VNPLEU688388ERO603132.SS6-month return →1-month return →
Up and to the right = strong over both horizons. Jinhui Mining is the large dot.

Fundamentals: revenue growth against valuation

0%+50%+100%+150%+200%0×10×20×30×TKO603407IGO603663601609ALM000603PDN00214957140022408358ALS000737VNPLEU688388ERO603132.SSRevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Jinhui Mining is the large dot.

Jinhui Mining competitors and peer comparison

Head to head with its named competitors (603132.SS vs 600497.SS vs 601168.SS vs 000603.SZ)
CompanyMarket cap6M returnRevenue growthOp. marginEV / SalesReq g
Jinhui Mining 603132.SS$2.53B-11%+38%51%9.9×n/a
Yunnan Chihong Zinc & Germanium 600497.SS$5.76B-15%+29%10%1.5×4.4%
Western Mining 601168.SS$9.85B-7%+18%17%1.3×-5.6%
Shengda Resources 000603.SZ$2.75B-27%+25%47%7.3×12.8%
Shenzhen Zhongjin Lingnan Nonfemet 000060.SZ$3.43B-24%+16%3%0.6×n/a

How Jinhui Mining compares with its peers

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.

Jinhui Mining against its 20 peers (data as of 6 Nov 2026)
Measure603132.SSPeer medianRank in peer set
1-month return-3.4%-19.5%3rd highest of 21
6-month return-11.4%-27.6%8th highest of 20
Distance from 52-week high-27.7%-51.9%3rd highest of 21
Revenue growth (TTM)+37.8%+31.0%9th highest of 21
Operating margin51.4%10.6%highest of 21
EV / Sales9.9×4.6×4th most expensive of 21
ROIC minus cost of capital+4.4 pp-1.5 pp6th highest of 20

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
Jinhui Mining 603132.SSChina$2.53B-11%+38%51%9.9×n/an/a
Trekor Metals TKO.TOCanada$2.57B-1%+68%28%4.5×n/an/a
Changyu 603407.SSChina$2.59Bn/a+9%16%9.1×51.8%+2.2%
IGO IGO.AXAustralia$2.60B-45%-12%-31%7.4×17.2%-6.5%
Sanxiang Advanced Materials 603663.SSChina$2.65B-10%+5%18%16.1×48.1%+9.7%
Ningbo Jintian Copper (Group) 601609.SSChina$2.36B-11%+25%1%0.2×n/an/a
Almonty Industries ALMUnited States$2.34B-59%+208%5%33.0×n/an/a
Shengda Resources 000603.SZChina$2.75B-27%+25%47%7.3×12.8%+8.5%
Paladin Energy PDN.AXAustralia$2.32B-33%+64%4%6.7×n/an/a
Western Metal Materials 002149.SZChina$2.76B-41%+3%0%6.7×54.3%+9.7%
Dowa 5714.TJapan$2.78B-22%+29%6%0.7×n/an/a
Chengxin Lithium 002240.SZChina$2.79B-66%+226%20%2.2×n/an/a
Ningbo Boway Alloy Material 601137.SSChina$2.26B-6%+31%0%0.8×n/an/a
Zhuzhou Smelter 600961.SSChina$2.85B-33%+23%12%0.8×-1.6%+8.5%
Co-tech Development 8358.TWOTaiwan$2.24B-30%+31%23%7.8×n/an/a
Altius Minerals ALS.TOCanada$2.16B-2%+68%17%49.7×57.7%-4.5%
North Copper 000737.SZChina$2.97B-28%+54%9%0.7×-3.9%+26.8%
5N Plus VNP.TOCanada$2.15B-10%+32%18%4.7×n/an/a
Centrus Energy LEUUnited States$2.14B-50%+8%2%2.3×n/an/a
Guangdong Jia Yuan Technology Shares 688388.SSChina$2.12B-38%+81%4%1.1×n/an/a
Ero Copper ERO.TOCanada$3.03B+10%+106%40%2.8×0.4%+20.4%

Questions

Who are Jinhui Mining's main competitors?
Named competitors: Yunnan Chihong Zinc & Germanium (600497.SS), Western Mining (601168.SS), Shengda Resources (000603.SZ), Zhongjin Lingnan Nonfemet (000060.SZ). The cockpit's measured peer set (industry) also includes Trekor Metals (TKO.TO), Changyu (603407.SS), IGO (IGO.AX), Sanxiang Advanced Materials (603663.SS), Ningbo Jintian Copper (Group) (601609.SS), Almonty Industries (ALM).
Is Jinhui Mining expensive compared with its peers?
On ev / sales it trades at 9.9× against a peer median of 4.6×, 4th most expensive of 21 in its peer set.
How has Jinhui Mining stock performed?
Over six months to 6 Nov 2026 the shares returned -11.4% against -27.6% for the median peer; over one year +21.6%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.