China Daye Non-Ferrous Metals Mining Ltd

China Daye Non-Ferrous Metals Mining Ltd maintains a capital structure characterized by high leverage and constrained liquidity. The company reports total assets of 29.2 billion CNY against total liabilities of 26.1 billion CNY, resulting in total equity of 3.1 billion CNY. Long-term debt stands at 16.5 billion CNY, yielding a debt-to-equity ratio of 5.25, which indicates significant financial leverage. The current ratio is 1.36, suggesting adequate short-term liquidity coverage, though the risk assessment flags medium liquidity risk and notes that net cash is negative after subtracting total debt. Operating cash flow is 1.3 billion CNY, while free cash flow is 248 million CNY, reflecting capital expenditures of 565 million CNY.

Profitability metrics reveal thin margins and low returns on capital. Revenue is reported at 66.1 billion CNY, with gross profit of 1.3 billion CNY and operating income of 499 million CNY. Net income is 53.5 million CNY, resulting in a return on equity (ROE) of 1.71% and a return on assets (ROA) of 0.18%. The price-to-earnings ratio is 30.75, while the price-to-book ratio is 0.52, indicating the market values the company below its book value. The EV/EBITDA multiple is 36.31, and EV/Revenue is 0.27, suggesting a low enterprise value relative to sales but a high multiple relative to earnings before interest, taxes, depreciation, and amortization.

Net income surged 612.6% year-over-year, demonstrating significant profitability improvement despite revenue declines.

Cash conversion ratio of 24.11 ranks best-in-class among 29 metals and mining peers.

Return on equity of 1.71% exceeds the cohort median of -0.53%.

Operating income grew 39.9% year-over-year, indicating improved operational efficiency.

Debt-to-equity ratio of 5.25 places the company in the bottom quartile of its peer group.

The company faces a high credit risk flag, signaling potential solvency concerns.

Revenue ¥66.05B, +14,2% YoY; Operating income −11,2% YoY.

• ▍Revenue ¥66.05B, +14,2% YoY
• ▍Operating income −11,2% YoY
• ▍Net income +33,2% YoY
• ▍Free cash flow +155,9% YoY
• ▍Net margin 0.1%

Revenue ¥57.85B, +29,2% YoY; Operating income −33,3% YoY.

• ▍Revenue ¥57.85B, +29,2% YoY
• ▍Operating income −33,3% YoY
• ▍Net income +171,4% YoY
• ▍Free cash flow +29,7% YoY
• ▍Net margin 0.1%

Revenue ¥44.78B, +33,1% YoY; Operating income +115,8% YoY.

• ▍Revenue ¥44.78B, +33,1% YoY
• ▍Operating income +115,8% YoY
• ▍Net income −150,8% YoY
• ▍Free cash flow +53,4% YoY
• ▍Net margin -0.1%

Revenue ¥33.66B, −5,7% YoY; Operating income −50,3% YoY.

• ▍Revenue ¥33.66B, −5,7% YoY
• ▍Operating income −50,3% YoY
• ▍Net income −61,3% YoY
• ▍Free cash flow −10,0% YoY
• ▍Net margin 0.3%