Shandong Gold Mining Co., Ltd. (1787.HK) stock analysis

In our weekly check, Shandong Gold Mining Co., Ltd. is graded B (A to F). Of 25 checks on debt, profit, cash flow and trend: 17 pass, warnings: 3, red flags: 5.

About Shandong Gold Mining Co., Ltd.

Shandong Gold Mining Co., Ltd. is a Basic Materials company (Gold) based in China, listed on HKSE as 1787.HK.

What our checks show for 1787.HK

Red flags

• Net debt is 2.8x a year of EBITDA (debt/equity 2.77). That limits room in a downturn and raises refinancing risk.
• The net margin is only 3.6%: little room if costs rise.
• The dividend takes 106% of profit: little cushion if profit falls.
• The price swings a lot: 59.6% annual volatility. Expect large ups and downs.
• The stock has fallen as much as 69% from a peak. Would you have held through that?

Warning signs

• Free cash flow is only 2% of revenue.
• The stock is still below its previous peak.
• The share count grew by 13.6% in 2 years: each shareholder owns a smaller slice.

Strengths

• The net margin rose by 4.1 points over 5 years, to 3.6%.
• The gross margin is 20.6% and has risen by 10.1 points: pricing power is holding.
• Operating cash flow is 3.94x net profit: the profit arrives as real cash.
• Analysts expect earnings per share to grow about 67% a year over the next years.
• Analysts expect the net margin to improve by 5.5 points from today's 3.6%.
• Revenue grew 30.2% a year over the last 3 years.

Similar companies

AEM · NEM · B · 1818.HK · WPM · HAR.JO

Questions

What grade does Shandong Gold Mining Co., Ltd. (1787.HK) have?

In our weekly check, Shandong Gold Mining Co., Ltd. is graded B (A to F). Of 25 checks on debt, profit, cash flow and trend: 17 pass, warnings: 3, red flags: 5. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of 1787.HK stock?

This week's biggest flags for Shandong Gold Mining Co., Ltd.: High debt, Thin margins, Dividend stretched. In total 8 of 25 checks show a warning or a red flag.

What does Shandong Gold Mining Co., Ltd. do?

Shandong Gold Mining Co., Ltd. is a Basic Materials company (Gold) based in China, listed on HKSE as 1787.HK.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-31

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