Zijin Mining Doubles Q1 Profit as Cash Flow and Returns Surge

Zijin Mining Group Co ( (HK:2899) ) has shared an update.

Zijin Mining Group reported a strong start to 2026, posting first-quarter operating income of RMB 98.50 billion, up 24.79% year on year, and net profit of RMB 25.17 billion, more than doubling from a year earlier. Net profit attributable to shareholders jumped 97.50% to RMB 20.08 billion, while basic earnings per share rose to RMB 0.755, underscoring solid profitability gains.

The company’s net cash flow from operating activities surged 122.15% to RMB 27.83 billion, supporting a 7.41% increase in total assets and an 8.02% rise in equity attributable to shareholders by the end of March. The weighted average return on net assets improved by 3.23 percentage points to 10.35%, highlighting enhanced capital efficiency and strengthening Zijin Mining’s financial position for future growth and investment in its mining portfolio.

The most recent analyst rating on (HK:2899) stock is a Buy with a HK$49.10 price target. To see the full list of analyst forecasts on Zijin Mining Group Co stock, see the HK:2899 Stock Forecast page.

More about Zijin Mining Group Co

Zijin Mining Group Co., Ltd. is a major Chinese mining company listed in Shanghai under stock code 601899, with core operations in the exploration, mining and processing of metals such as gold, copper and other non-ferrous resources. The group operates domestically and internationally, positioning itself as a large-scale resources producer within China’s strategically important metals and mining sector.

Average Trading Volume: 78,042,415

Technical Sentiment Signal: Buy

Current Market Cap: HK$1050.1B

See more data about 2899 stock on TipRanks’ Stock Analysis page.