Shenzhen Zhongjin Lingnan Nonfemet Co (000060) Fair Value & Analysis

Basic Materials · CN · Market cap 35.2B CNY

Below-average quality, and screening another 59% overvalued on our models.

What matters now

• The price sits above even our optimistic bull case (¥3.73). The favourable scenario is already priced in.
• Weak quality (41/100) and above fair value at the same time, the margin of safety is missing on both counts.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 21, 2026.

How to read this chart

60‑month range ¥3.57 – ¥8.81 · fair‑value band ¥2.25 – ¥3.73 · the ¥6.81 price screens above the ¥2.77 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 21, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Shenzhen Zhongjin Lingnan Nonfemet Co (000060) currently trades at ¥6.81, while our model-based Fair Value estimate is ¥2.77, implying the stock looks roughly 59.3% overvalued today. The Quality Score stands at 41/100 (below-average quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Shenzhen Zhongjin Lingnan Nonfemet Co generated revenue of 63.9B CNY at a net margin of 1.6%. Revenue grew 21.4% year over year. It earns a return on equity of 5.3%. Net debt stands at 13.4B CNY. Fundamentals as of Jul 21, 2026

Our scenario range runs from ¥2.25 (bear case) to ¥3.73 (bull case); at ¥6.81, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 26% below its 52-week high and 57% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -34% fair-value upside, at -59%, 000060 screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Widest divergence: Growth DCF (¥7.99) versus Earnings-Based (¥2.79). Highest evidence: Growth DCF (80).

Key figures & financial health

Quality Score breakdown

About the company

Shenzhen Zhongjin Lingnan Nonfemet Co. Ltd., together with its subsidiaries, engages in the mining, beneficiation, and smelting of non-ferrous metals in China and internationally.

Full company description

Shenzhen Zhongjin Lingnan Nonfemet Co. Ltd., together with its subsidiaries, engages in the mining, beneficiation, and smelting of non-ferrous metals in China and internationally. Its product portfolio includes lead and zinc concentrates, copper concentrates, lead ingots, zinc ingots and alloys, cathode copper, silver, gold, cadmium ingots, germanium ingots, indium ingots, industrial sulfuric acid, sulfur, and other products. The company is also involved in the trade of non-ferrous metals, such as lead and zinc, cathode copper, silver, and other metals, as well as the recovery of gold, silver, gallium, germanium, and indium. In addition, the company offers aluminum profiles, aluminum doors and windows, battery zinc powder, flaky zinc powder, perforated nickel-plated steel strips, composite metal materials and bimetallic components, and electrical contact materials and components. Further, it engages in sales of intelligent basic manufacturing equipment; investment activities; property management; new materials technology research and development; non-ferrous metals casting; research, development, production, and sales of high-performance powder materials; engineering construction general contracting; and property rental. Additionally, the company provides technical services; supply chain management service; futures brokerage; investment management and advisory services; project consulting for the metallurgical and construction industries; engineering design; planning and design; engineering supervision; project manager; engineering general contracting services; and research and experimental development of engineering technology applications; technology promotion services; environmental protection engineering; supply chain management services; produces and sells high-energy battery materials; and sells building materials. Shenzhen Zhongjin Lingnan Nonfemet Co. Ltd. was founded in 1994 and is headquartered in Shenzhen, China.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Shenzhen Zhongjin Lingnan Nonfemet Co reported revenue of ¥60.5B in FY2025 versus ¥44.5B in FY2021, a compound +8.0%/yr. Reported net income was ¥802M in FY2025, compounding −9.0%/yr from FY2021.

000060 screens 59% overvalued. Compare with BHP Group →

Peer Group

Other Industrial Metals & Mining · 476 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Valuation Multiples vs Other Industrial Metals & Mining median · lower = cheaper

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Other Industrial Metals & Mining stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).

Explore undervalued stocks

More undervalued Basic Materials stocks →

Frequently asked questions

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.