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Chinese contract mining-services company that operates underground mines for miners, including overseas copper/cobalt projects.
Chinese contract mining-services company that operates underground mines for miners, including overseas copper/cobalt projects.
Is paid by mine owners under multi-year contracts to dig and run underground mines, so income follows the volume of work won rather than metal prices. Buying its own mining stakes, including overseas copper and cobalt, adds direct metal-price exposure that contractors normally avoid.
In one line: A Chinese underground-mining contractor, like a mining-focused Fluor for mine operations.
Moat: narrow (process know-how, installed base). Track record operating complex underground mines gives it repeat contracts with large miners.
Headquarters: Fuzhou, China · Founded: 2004 · Employees: 14,099
Size JCHX MINING MANAGEMENT (603979.SS) is a China Materials company (Precious Metals) with a market value of $5.09B, the 494th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥54.94 on 6 Nov 2026.
Performance Over six months the shares fell 11.8%, against +4.0% for the median peer and -16.4% for the China market (cap-weighted) — 6th lowest of 21 in its peer set.
Growth Revenue grew 23.0% over the last twelve months (peer median +57.5%); the operating margin is 27.9% (peer median 47.2%).
Valuation It trades at 9.9× forward earnings against a peer median of 13.0× (6th cheapest of 20).
Price implies For today's price to make sense, revenue must grow about -8% a year for seven years (Req g). Recent delivered growth is +29%, so the hurdle is -37 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 25.8 points above its cost of capital (7.3% WACC).
Next results Next results expected around 23 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥15.9B | CN¥13.9B | CN¥9.93B | CN¥7.39B | CN¥5.34B |
| Revenue growth | — | +40% | +34% | +38% | — |
| Gross profit | CN¥6.82B | CN¥4.61B | CN¥3.06B | CN¥2.19B | CN¥1.39B |
| EBITDA | n/a | CN¥4.65B | CN¥3.29B | CN¥2.05B | CN¥1.20B |
| Net income | CN¥3.07B | CN¥2.34B | CN¥1.58B | CN¥1.03B | CN¥611M |
| Free cash flow | CN¥2.06B | CN¥2.96B | CN¥1.50B | -CN¥582M | -CN¥640M |
| Capital expenditure | CN¥2.48B | CN¥1.43B | CN¥552M | CN¥1.67B | CN¥1.60B |
| Total debt | CN¥6.28B | CN¥6.79B | CN¥4.50B | CN¥3.60B | CN¥2.81B |
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 |
|---|---|---|---|---|---|---|
| JCHX MINING MANAGEMENT 603979.SS | $5.09B | -12% | +23% | 28% | 9.9× | -7.7% |
| China Nonferrous Mining 1258.HK | $5.73B | -19% | +11% | 28% | 7.4× | -14.6% |
| Zijin Mining 601899.SS | $109B | -15% | +16% | 30% | 9.6× | -10.2% |
| Perenti PRN.AX | $1.31B | -8% | -4% | 9% | 10.3× | -9.8% |
| Macmahon MAH.AX | $1.35B | +6% | +8% | 7% | 15.1× | 4.3% |
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 | 603979.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -23.8% | 0.0% | lowest of 21 |
| 6-month return | -11.8% | +4.0% | 6th lowest of 21 |
| Distance from 52-week high | -38.8% | -22.0% | 4th lowest of 21 |
| Revenue growth (TTM) | +23.0% | +57.5% | 4th lowest of 19 |
| Operating margin | 27.9% | 47.2% | 4th lowest of 19 |
| Forward P/E | 9.9× | 13.0× | 6th cheapest of 20 |
| Growth the price implies (Req g, 7 yrs) | -7.7% | 3.6% | least demanding of 15 |
| Growth delivered (Del g) | +29.3% | +28.3% | 6th highest of 13 |
| Hurdle (Req g minus delivered) | -37.0 pp | -29.0 pp | 4th least demanding of 13 |
| ROIC minus cost of capital | +25.8 pp | +19.5 pp | 7th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| JCHX MINING MANAGEMENT 603979.SS | China | $5.09B | -12% | +23% | 28% | 9.9× | -7.7% | +29.3% |
| Greatland Resources GGP.AX | Australia | $5.11B | -31% | +118% | 52% | 13.4× | -3.1% | n/a |
| Torex Resources TXR.TO | Canada | $5.02B | +16% | +76% | 46% | 7.1× | -3.9% | +11.5% |
| K92 Mining KNT.TO | Canada | $4.86B | +10% | +62% | 68% | 11.0× | 0.7% | +31.3% |
| Montage Gold MAU.TO | Canada | $4.79B | +17% | n/a | n/a | 18.4× | n/a | n/a |
| Ramelius Resources RMS.AX | Australia | $4.78B | +3% | -14% | 42% | 19.0× | 13.7% | +10.3% |
| Hunan Gold 002155.SZ | China | $4.72B | -33% | +1% | 4% | 15.3× | 11.1% | +27.4% |
| SSR Mining SSRM | United States | $5.66B | -17% | +39% | 42% | 8.1× | n/a | n/a |
| Genesis Minerals GMD.AX | Australia | $5.73B | +6% | +89% | 45% | 15.1× | 7.2% | +182.9% |
| Perseus Mining PRU.AX | Australia | $5.77B | +11% | +13% | 48% | 11.8× | -1.1% | +26.4% |
| Capricorn Metals CMM.AX | Australia | $4.42B | -1% | +45% | 58% | 17.6× | 12.7% | +33.9% |
| Centerra Gold CG.TO | Canada | $4.25B | +27% | +44% | 27% | 12.4× | 6.5% | +13.9% |
| Vault Minerals VAU.AX | Australia | $4.19B | +21% | +35% | 33% | 13.0× | -0.1% | +59.0% |
| OceanaGold OGC.TO | Canada | $6.27B | -5% | +56% | 44% | 7.1× | -5.4% | +29.2% |
| Sibanye Stillwater Limited Sponsored ADR SBSW | United States | $6.30B | -29% | +59% | 26% | 5.9× | n/a | n/a |
| Triple Flag Precious Metals TFPM.TO | Canada | $6.54B | +1% | +45% | 63% | 24.7× | n/a | n/a |
| Skeena Resources SKE.TO | Canada | $3.90B | +6% | n/a | n/a | n/a | n/a | n/a |
| Artemis Gold ARTG.V | Canada | $6.76B | +18% | +148% | 71% | 11.3× | 6.6% | n/a |
| OR Royalties OR.TO | Canada | $6.81B | 0% | +68% | 77% | 29.5× | n/a | n/a |
| Pan African Resources PAF.L | United Kingdom | $3.79B | -25% | +106% | 54% | 7.2× | -6.7% | +25.7% |
| Aya Gold & Silver AYA.TO | Canada | $3.68B | +40% | +265% | 53% | 19.2× | 17.9% | +72.4% |