Sinomine Resource Group Hits Day Low of CNY 86.23 Amid Price Pressure

Sinomine Resource Group Co., a prominent player in the Minerals & Mining industry, experienced a notable decline today, with its stock price dropping by 4.75%. The stock reached an intraday low of CNY 86.23, reflecting a challenging trading session. Over the past week, Sinomine has shown a positive performance of 3.73%, contrasting with the broader China Shanghai Composite, which gained only 0.41%. However, the one-month performance indicates a decline of 7.94%, while the stock has demonstrated impressive growth over the past year, soaring by 156.64% compared to the composite's 22.49% increase. Despite its strong long-term performance, including a remarkable 240.02% rise over the past five years, recent financial metrics raise concerns. The company has reported negative results for the last seven consecutive quarters, with operating cash flow at its lowest point of CNY -177 million and a return on capital employed (ROCE) of just 5.14%. Additionally, the debt-equity ratio stands at a high of -6.94%, indicating potential financial strain. As Sinomine navigates these challenges, its market cap remains substantial at CNY 51,387 million, underscoring its position in the industry.