Yunnan Copper Co Ltd

Yunnan Copper maintains a leveraged capital structure with a debt-to-equity ratio of 1.8, supported by total liabilities of CNY 43.48 billion against total equity of CNY 15.35 billion. The company holds long-term debt of CNY 27.59 billion, resulting in a negative net cash position. Liquidity is assessed as medium, with a current ratio of 1.71 indicating adequate short-term coverage despite the high leverage. Operating cash flow is negative at CNY -3.77 billion, while free cash flow remains slightly positive at CNY 284.15 million, driven by capital expenditures of CNY -2.03 billion.

Profitability metrics show a return on equity of 9.85% and a return on assets of 2.57%. The company reports a net income of CNY 1.30 billion on revenue of CNY 179.54 billion, yielding a gross profit of CNY 4.86 billion and operating income of CNY 2.18 billion. Valuation multiples include a price-to-earnings ratio of 25.63, a price-to-book ratio of 2.52, and an EV/EBITDA of 24.15. The EV/Revenue ratio is 0.37, reflecting the low-margin nature of the commodity processing business.

Revenue concentration is not detailed in segment or geographic breakdowns within the available data. The company’s primary activity is identified as Metals & Mining, with no further disclosure of specific product mix or regional exposure in the provided financial snapshot.

Growth trajectory analysis is limited by the absence of historical period data. The current revenue base of CNY 179.54 billion serves as the baseline for performance evaluation, with no year-over-year or quarterly trend data available to assess momentum or cyclicality.

Risk factors include medium liquidity risk and low dilution risk. A key flag indicates that net cash is negative after subtracting total debt, highlighting reliance on external financing or operational cash flow generation to service obligations. The high debt-to-equity ratio of 1.8 amplifies financial risk in volatile commodity price environments.

Recent observations show a mean analyst recommendation of 2.00, with one buy rating and no strong buy, hold, sell, or strong sell ratings. The mean EPS estimate is 1.40 CNY, significantly higher than the last actual EPS of 0.58 CNY, suggesting expected earnings improvement. No specific filing, news, or transcript events are detailed in the available data.

Revenue grew at a 7.8% CAGR over four years, demonstrating consistent top-line expansion for the copper producer.

Net income CAGR of 21.3% over four years significantly outpaced revenue growth, indicating strong earnings leverage.

Long-term debt decreased from 20.5 billion CNY in 2022 to 15.2 billion CNY in 2024, reducing leverage.

Operating income increased 19.7% year-over-year in the latest period, suggesting improved operational profitability trends.

Debt-to-equity ratio of 1.8 is in the bottom quartile, far exceeding the cohort median of 0.12.

The company faces a high credit risk flag, suggesting significant concerns regarding its ability to meet financial obligations.

Cash conversion ratio of -2.49 is in the bottom quartile, highlighting poor ability to convert earnings into cash.

Revenue ¥179.54B, +4,8% YoY; Operating income −16,5% YoY.

• ▍Revenue ¥179.54B, +4,8% YoY
• ▍Operating income −16,5% YoY
• ▍Net income −7,3% YoY
• ▍Free cash flow +115,0% YoY
• ▍Net margin 0.7%

Revenue ¥146.98B, +8,9% YoY; Operating income −16,0% YoY.

• ▍Revenue ¥146.98B, +8,9% YoY
• ▍Operating income −16,0% YoY
• ▍Net income −12,7% YoY
• ▍Free cash flow −67,0% YoY
• ▍Net margin 1.1%

Revenue ¥134.92B, +6,2% YoY; Operating income +92,6% YoY.

• ▍Revenue ¥134.92B, +6,2% YoY
• ▍Operating income +92,6% YoY
• ▍Net income +178,7% YoY
• ▍Free cash flow +104,8% YoY
• ▍Net margin 1.3%

Revenue ¥127.06B; Operating income ¥1.69B.

• ▍Revenue ¥127.06B
• ▍Operating income ¥1.69B
• ▍Net margin 0.5%