Zijin Mining (02899) expects net profit of about 51 billion to 52 billion yuan in 2025, an increase of about 59% to 62% over the previous year

According to the Zhitong Finance App, Zijin Mining (02899) announced that it is expected to achieve net profit attributable to shareholders of listed companies of about RMB 510-52 billion in 2025. Compared with RMB 32,051 billion in the same period last year, it will increase by about RMB 18.9-19.9 billion, an increase of about 59% to 62% over the previous year. Net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss is expected to be approximately RMB 475-48.5 billion in 2025. Compared with RMB 31,693 billion in the same period last year, it will increase by about RMB 158-16.8 billion, an increase of about 50% to 53% over the previous year.

The main reason for the pre-increase in performance in the current period: (1) The production of major mineral products increased year-on-year during the reporting period, including about 90 tons of mineral gold (2024:73 tons), mineral copper (production with Camoa equity) of about 1.09 million tons (2024:1.07 million tons), about 437 tons of mineral silver (2024:436 tons), and equivalent lithium carbonate (including production in May-12) of about 25,000 tons (2024:261 tons). (2) During the reporting period, sales prices of mineral gold, mineral copper, and mineral silver increased year-on-year.

In addition, the company proposed the production plan for major mineral products in 2026 as follows: 105 tons of mineral gold, 1.2 million tons of copper, 120,000 tons of lithium carbonate equivalent, and 520 tons of mineral silver.