Zijin Mining Group Co., Ltd. logo

Zijin Mining Group Co., Ltd.

2899.HK

HKSEBasic MaterialsGold

Latest quote

HK$37.04

−HK$1.40 · -3.64%

Aug 25, 4:08 PM HKT

2899.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Zijin Mining Group Company Limited, together with its subsidiaries, engages in the exploration, mining, processing, refining, and sale of gold, non-ferrous metals, and other mineral resources in Mainland China and internationally. It operates through the Mining products, Refined products, Trading, and Others segments. The company offers mine-produced copper, gold, zinc concentrate, lead concentrate, and silver, as well as iron ore, tungsten concentrate and molybdenum concentrate; refined copper and zinc, refined and processed gold and silver, and sulfuric acid; platinum products; and mining and smelting equipment, and equipment for environmental protection. The company is also involved in the trading and investment; import and export of goods; mining technology development, consultation, transfer, etc.; mine geological and technical services; import and export agent services; trading of copper cathodes; sales of copper pipe, copperplate, and potassium dicyanoaurate, as well as mineral products; environmental protection activities; and geological prospecting and construction. Further, it is involved in air and water pollution control; solid waste treatment; refuse-incineration power generation; and hazardous waste disposal business. It produces and sells gold bullion under the ZIJIN brand. The company holds a 100% interest in the Shapinggou Molybdenum mine in Jinzhai County, Anhui Province. The company was formerly known as Fujian Zijin Mining Industry Company Limited and changed its name to Zijin Mining Group Company Limited in June 2004. Zijin Mining Group Company Limited was founded in 1986 and is headquartered in Longyan, the People’s Republic of China.

Industry
Gold
Sector
Basic Materials
Headquarters
CN
CEO
Lin Hongfu
Listed since
Dec 23, 2003
Employees
66,708

Market position

52-week range

Current HK$37.04

Open
HK$37.04
Previous close
HK$38.44
Volume
0
0× average
Average volume
62.48M
Average daily volume
Market cap
984.91B HKD
Beta
1.01
Market reference 1
50-day average
HK$32.4052
+14.30% above average
200-day average
HK$35.6898
+3.78% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
937.41B CNY
P/E (TTM)
13.16×
P/B (TTM)
4.41×
P/S (TTM)
2.39×
EV / EBITDA
10.5×
Earnings yield
6.21%
Free cash flow yield
5.34%
Dividend yield
1.90%

Profitability & efficiency

Gross margin
34.14%
Operating margin
26.60%
Net margin
18.04%
Return on equity
28.14%
Return on assets
10.07%
Return on invested capital
14.54%

Financial health

Debt / equity
0.86×
Current ratio
1.14×
Altman Z-score
3.7
Piotroski F-score
7 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends30%21%13%5%Gross margin, FY2021: 15.44%Gross margin, FY2022: 15.74%Gross margin, FY2023: 15.81%Gross margin, FY2024: 20.37%Gross margin, FY2025: 27.73%Operating margin, FY2021: 11.14%Operating margin, FY2022: 11.45%Operating margin, FY2023: 10.88%Operating margin, FY2024: 16.08%Operating margin, FY2025: 23.52%Net margin, FY2021: 6.96%Net margin, FY2022: 7.41%Net margin, FY2023: 7.20%Net margin, FY2024: 10.56%Net margin, FY2025: 14.83%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 15.44%. Gross margin FY2022 15.74%. Gross margin FY2023 15.81%. Gross margin FY2024 20.37%. Gross margin FY2025 27.73%. Operating margin FY2021 11.14%. Operating margin FY2022 11.45%. Operating margin FY2023 10.88%. Operating margin FY2024 16.08%. Operating margin FY2025 23.52%. Net margin FY2021 6.96%. Net margin FY2022 7.41%. Net margin FY2023 7.20%. Net margin FY2024 10.56%. Net margin FY2025 14.83%.

Income trends

Revenue

349.08B CNY+14.96%

Operating income

82.11B CNY+68.17%

Net income

51.78B CNY+61.55%
Income trends across reported periods382.42B CNY249.06B CNY115.69B CNY−17.67B CNYRevenue, FY2021: 225.1B CNYRevenue, FY2022: 270.33B CNYRevenue, FY2023: 293.4B CNYRevenue, FY2024: 303.64B CNYRevenue, FY2025: 349.08B CNYOperating income, FY2021: 25.09B CNYOperating income, FY2022: 30.95B CNYOperating income, FY2023: 31.94B CNYOperating income, FY2024: 48.83B CNYOperating income, FY2025: 82.11B CNYNet income, FY2021: 15.67B CNYNet income, FY2022: 20.04B CNYNet income, FY2023: 21.12B CNYNet income, FY2024: 32.05B CNYNet income, FY2025: 51.78B CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 225.1B CNY. Revenue FY2022 270.33B CNY. Revenue FY2023 293.4B CNY. Revenue FY2024 303.64B CNY. Revenue FY2025 349.08B CNY. Operating income FY2021 25.09B CNY. Operating income FY2022 30.95B CNY. Operating income FY2023 31.94B CNY. Operating income FY2024 48.83B CNY. Operating income FY2025 82.11B CNY. Net income FY2021 15.67B CNY. Net income FY2022 20.04B CNY. Net income FY2023 21.12B CNY. Net income FY2024 32.05B CNY. Net income FY2025 51.78B CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue349.08B CNY303.64B CNY293.4B CNY270.33B CNY225.1B CNY
Cost of goods sold252.29B CNY241.78B CNY247.02B CNY227.78B CNY190.35B CNY
Gross profit96.79B CNY61.86B CNY46.38B CNY42.54B CNY34.75B CNY
Research and development1.71B CNY1.58B CNY1.57B CNY1.23B CNY770.66M CNY
Selling, general, and administrative3.58B CNY2.77B CNY2.58B CNY2.57B CNY2.01B CNY
Operating expenses14.62B CNY13.04B CNY14.44B CNY11.9B CNY9.6B CNY
Interest income2.7B CNY2.9B CNY1.94B CNY1.35B CNY754.65M CNY
Interest expense3.95B CNY5.05B CNY1.17B CNY3.19B CNY1.92B CNY
Depreciation and amortization16.25B CNY10.09B CNY9.9B CNY9.77B CNY7.86B CNY
Operating income82.11B CNY48.83B CNY31.94B CNY30.95B CNY25.09B CNY
Net income51.78B CNY32.05B CNY21.12B CNY20.04B CNY15.67B CNY

Company facts updated Aug 25, 2026.

Earnings

EPS beat rate
55%
6 beats, 5 misses, 0 met estimates
Average EPS surprise
-6.14%
11 comparable reports
Latest EPS result
0.83
Estimate 0.88 · Miss by 5.57%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates1.070.790.510.23Q1 '25BeatQ2 '25BeatQ3 '25MissQ4 '25BeatQ1 '26BeatQ2 '26MissQ3 '26MissQ4 '26Estimate
Q1 2025, reported Mar 21, 2025: actual 0.303, estimate 0.274, surprise +10.56%, Beat. Q2 2025, reported Apr 11, 2025: actual 0.401, estimate 0.401, surprise +0.15%, Beat. Q3 2025, reported Aug 26, 2025: actual 0.531, estimate 1.01, surprise -47.43%, Miss. Q4 2025, reported Oct 17, 2025: actual 0.641, estimate 0.48, surprise +33.54%, Beat. Q1 2026, reported Mar 20, 2026: actual 0.579, estimate 0.57, surprise +1.58%, Beat. Q2 2026, reported Apr 21, 2026: actual 0.836, estimate 0.949, surprise -11.91%, Miss. Q3 2026, reported Aug 20, 2026: actual 0.83, estimate 0.879, surprise -5.57%, Miss. Q4 2026, reported Oct 16, 2026: actual —, estimate 0.929, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates146.81B121.96B97.12B72.27BQ1 '25MissQ2 '25MissQ3 '25BeatQ4 '25BeatQ1 '26MissQ2 '26MissQ3 '26MissQ4 '26Estimate
Q1 2025, reported Mar 21, 2025: actual 77.92B HKD, estimate 86.54B HKD, surprise -9.96%, Miss. Q2 2025, reported Apr 11, 2025: actual 84.23B HKD, estimate 85.27B HKD, surprise -1.22%, Miss. Q3 2025, reported Aug 26, 2025: actual 97.14B HKD, estimate 90.94B HKD, surprise +6.82%, Beat. Q4 2025, reported Oct 17, 2025: actual 103.28B HKD, estimate 98.02B HKD, surprise +5.36%, Beat. Q1 2026, reported Mar 20, 2026: actual 105.59B HKD, estimate 141.16B HKD, surprise -25.20%, Miss. Q2 2026, reported Apr 21, 2026: actual 111.94B HKD, estimate 127.39B HKD, surprise -12.13%, Miss. Q3 2026, reported Aug 20, 2026: actual 110.48B HKD, estimate 123.35B HKD, surprise -10.43%, Miss. Q4 2026, reported Oct 16, 2026: actual —, estimate 134.48B HKD, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

HK$0.5443

2025 complete year+275.3% since 2021

2026 partial: HK$0.9207

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Jul 23, 2026

HK$0.484

Irregular

Record Jul 24, 2026 · Payment Aug 21, 2026

Dividend

Ex-dividend Jun 9, 2026

HK$0.4367

Semi-Annual

Record Jun 10, 2026 · Payment Jul 10, 2026

Dividend

Ex-dividend Sep 10, 2025

HK$0.2411

Semi-Annual

Record Sep 11, 2025 · Payment Oct 17, 2025

Dividend

Ex-dividend May 21, 2025

HK$0.3033

Semi-Annual

Record May 22, 2025 · Payment Jun 20, 2025

Dividend

Ex-dividend Aug 1, 2024

HK$0.1095

Semi-Annual

Record Aug 2, 2024 · Payment Aug 28, 2024

Dividend

Ex-dividend May 21, 2024

HK$0.2199

Semi-Annual

Record May 22, 2024 · Payment Jun 28, 2024

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