<div id="readability-page-1"><div><p>China Nonferrous Mining (SEHK:1258) has just wrapped up FY 2025 with second half revenue of US$1,668.5 million and basic EPS of US$0.04, against a trailing twelve month tally of US$3,420.1 million in revenue and EPS of US$0.10. Over recent periods the company has seen revenue move from US$1,806.7 million in 2H 2024 to US$1,751.5 million in 1H 2025 and US$1,668.5 million in 2H 2025, while basic EPS shifted from US$0.05 to US$0.07 and then US$0.04, setting the backdrop for its current earnings profile. With trailing net margins sitting above last year, the latest results point to a business where profitability remains central to how investors read the story.</p> <p>See our full analysis for China Nonferrous Mining.</p><p>With the headline numbers on the table, the next step is to see how this earnings profile lines up with the prevailing narratives around China Nonferrous Mining and where the data starts to challenge those views.</p> <p>Curious how numbers become stories that shape markets? Explore Community Narratives</p> <figure><img height="476" src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/45aad9c9-fb7f-46bf-9ad6-0e48647c73fc/chart/earnings-and-revenue-history/query-ZGF0ZT0yMDI2LTAzLTI2?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="746" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/45aad9c9-fb7f-46bf-9ad6-0e48647c73fc/chart/earnings-and-revenue-history/query-ZGF0ZT0yMDI2LTAzLTI2"/><figcaption>SEHK:1258 Earnings &amp; Revenue History as at Mar 2026</figcaption></figure> <h2>11.8% Net Margin Backs Multi Year Profit Story</h2> <ul> <li>Trailing net margin sits at 11.8%, above last year’s 10.4%, alongside five year earnings growth of about 10.1% a year.</li> <li>Supporters of the bullish view point to this mix of margin and earnings strength. However, the last 12 months of earnings growth at 1.5% sit well below that five year 10.1% pace, which means:     <ul> <li>The higher margin figure lines up with the idea of a solid underlying business, but the most recent year has not matched the longer term growth rate.</li> <li>Anyone leaning bullish may want to weigh the five year record of roughly 10.1% annual earnings growth against the much slower 1.5% result in the latest year.</li> </ul> </li> </ul> <h2>Revenue And Earnings Forecasts Outpace Recent Trailing Growth</h2> <ul> <li>Current forecasts point to revenue growth of about 9.6% a year and earnings growth of roughly 18.5% a year, compared with trailing 12 month earnings growth of 1.5%.</li> <li>Critics with a more bearish tilt highlight that the 1.5% recent earnings growth sits well under the 10.1% five year average. As a result, the much higher 18.5% forecast rate creates a clear gap to what has actually been reported so far, because:     <ul> <li>The five year track record shows earnings rising about 10.1% a year, which is comfortably above the latest 1.5% figure, so recent momentum is weaker than the long term average.</li> <li>Forecasts that call for 18.5% yearly earnings growth rest on a step up from both the latest 1.5% result and the 10.1% five year pace, which is a bigger jump than the historical pattern alone would suggest.</li> </ul> </li> </ul> <h2>P/E Of 14.1x And DCF Fair Value Gap Stand Out</h2> <ul> <li>The shares trade on a P/E of 14.1x versus an industry average of 17.6x and a peer average of 38.4x, and the Hong Kong share price of HK$11.46 sits about 61.2% below a DCF fair value of HK$29.56.</li> <li>What stands out for value focused investors is how this lower P/E and large DCF gap sit alongside the operational record, because:     <ul> <li>The combination of an 11.8% trailing net margin and roughly 10.1% five year earnings growth is being valued at a P/E that is below both the sector and peer group averages.</li> <li>At the same time, the stock price is described as relatively volatile over the past three months and the dividend history is called unstable, so the valuation gap sits next to income and price risk that long term holders need to factor in.</li> </ul> </li> </ul> <p>To see how other companies with similar or stronger fundamentals are being priced, it is worth comparing this setup with a wider group of miners and producers using a dedicated screener such as the solid balance sheet and fundamentals stocks screener (382 results)</p> <h2>Next Steps</h2> <p>Don't just look at this quarter; the real story is in the long-term trend. We've done an in-depth analysis on China Nonferrous Mining's growth and its valuation to see if today's price is a bargain. Add the company to your watchlist or portfolio now so you don't miss the next big move.</p> <p>With both caution and optimism in the mix, it makes sense to examine the numbers yourself and act promptly to form your own view using the 4 key rewards and 2 important warning signs</p> <h2>See What Else Is Out There</h2> <p>Recent earnings growth of 1.5% trails the five year 10.1% pace, while forecasts assume a sharp acceleration that has yet to appear in the reported numbers.</p> <p>If that gap between past results and ambitious earnings forecasts makes you cautious, compare this profile with companies already pairing steady growth and value using the 229 high quality undervalued stocks</p> <p><em> This article by Simply Wall St is general in nature. <strong>We provide commentary based on historical data     and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.</strong> It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your     financial situation. We aim to bring you long-term focused analysis driven by fundamental data.     Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.     Simply Wall St has no position in any stocks mentioned.</em></p><div><h3><strong>New: </strong>AI Stock Screener &amp; Alerts</h3><p>Our new AI Stock Screener scans the market every day to uncover opportunities.</p><div><p>• Dividend Powerhouses (3%+ Yield)<br/>• Undervalued Small Caps with Insider Buying<br/>• High growth Tech and AI Companies</p><p>Or build your own from over 50 metrics.</p></div><p>Explore Now for Free</p></div></div></div>

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<p>China Nonferrous Mining (SEHK:1258) reported FY 2025 second half revenue of US$1,668.5 million and basic EPS of US$0.04, with trailing net margins at 11.8%, up from 10.4% last year. Despite a five-year earnings growth average of 10.1%, recent growth has slowed to 1.5%. Forecasts suggest revenue growth of 9.6% and earnings growth of 18.5%, indicating a gap from historical performance. The stock trades at a P/E of 14.1x, below industry averages, with a significant DCF fair value gap. Investors are advised to consider long-term trends and potential risks.</p>

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China Nonferrous Mining (SEHK:1258) Higher Net Margin Reinforces Bullish Profitability Narratives