Zhongrun Resources Investment (000506) Fair Value & Analysis
Basic Materials · CN · Market cap 17.5B CNY (≈ $2.6B) · ISIN CNE0000004D8
What is Zhongrun Resources Investment really worth?
A solid business, but trading 627% above our fair value of ¥2.84.
Strengths
Risks
Fair value as of: Aug 13, 2026
From 7 valuation models · updated 22 days ago
Share price +32.1% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits above even our optimistic bull case (¥3.58). The favourable scenario is already priced in.
- The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
- Solid but not exceptional quality (59/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range ¥0.9300 – ¥28.52 · fair‑value band ¥2.10 – ¥3.58 · the ¥20.64 price screens above the ¥2.84 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
Zhongrun Resources Investment (000506) currently trades at ¥20.64, while our model-based Fair Value estimate is ¥2.84, implying the stock looks roughly 626.7% overvalued today. The Quality Score stands at 59/100 (solid quality), in the Basic Materials sector. Bull case: the Multiples group reads highest at a median of ¥2.86 per share, and 0 of the 7 models we run sit above the ¥20.64 price. Bear case: the Asset-Based group reads lowest at ¥0.5000, and 7 of the 7 models stay below the price. Evidence for this calculation is low.
Over the trailing twelve months, Zhongrun Resources Investment generated revenue of 608M CNY at a net margin of 57.5%. Revenue grew 82.8% year over year. It earns a return on equity of 39.0%. Net debt stands at 110M CNY. Fundamentals as of Aug 13, 2026
Our scenario range runs from ¥2.10 (bear case) to ¥3.58 (bull case); at ¥20.64, 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 28% below its 52-week high and 137% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at −50% fair-value upside, at −86%, 000506 screens richer than that median.
Fair Value models
This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly ¥0.2514 per share, which is 6.1 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.
All 7 models by family
Widest divergence: Multiples (¥2.86) versus Asset-Based (¥0.5000). Highest evidence: EV/EBITDA (67).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 51 · Market factors (momentum, volatility) 70
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Zhaojin International Gold Co., Ltd., together with its subsidiaries, engages in the exploration, mining, smelting, and sales of gold products in China. It also explores mineral resource, as well as develops and leases real estate properties.
Full company description
Zhaojin International Gold Co., Ltd., together with its subsidiaries, engages in the exploration, mining, smelting, and sales of gold products in China. It also explores mineral resource, as well as develops and leases real estate properties. The company was formerly known as Zhongrun Resources Investment Corporation and change its name to Zhaojin International Gold Co., Ltd. in July 2025. Zhaojin International Gold Co., Ltd. was founded in 1988 and is headquartered in Jinan, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Zhongrun Resources Investment reported revenue of 527M CNY in FY2025 versus 906M CNY in FY2021, a compound −12.7%/yr. Reported net income was 159M CNY in FY2025.
of which total revenue −11.8 % · buybacks/dilution +1.5 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
000506 screens 627% overvalued. Compare with PT Amman Mineral Internasional Tbk →
Peer Group
Other Precious Metals & Mining · 103 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 Precious Metals & Mining median · lower = cheaper
Strength profile in five axes (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.
Similar stocks
10 more Other Precious Metals & Mining stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| PT Amman Mineral Internasional Tbk AMMN | 4,480 IDR | 1,021 IDR | −77% |
| Hecla Mining Company HL | $21.43 | $8.14 | −62% |
| Compañía de Minas Buenaventura S.A. BVN | $35.12 | $29.53 | −16% |
| Sibanye Stillwater Limited SBSW | $11.85 | $19.35 | +63% |
| China Gold International Resources Corp CGG | C$46.69 | C$25.63 | −45% |
| Artemis Gold Inc ARTG | C$43.62 | C$21.85 | −50% |
| Triple Flag Precious Metals Corp TFPM | $32.25 | $16.03 | −50% |
| PT Merdeka Battery Materials Tbk. MBMA | 545.00 IDR | 82.43 IDR | −85% |
| Perpetua Resources Corp PPTA | C$34.90 | C$5.80 | −83% |
| Sino-Platinum Metals Co 600459 | ¥21.30 | ¥13.23 | −38% |
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