Zijin Mining Group Co Class H (HK:2899)
OTHER OTC:2899
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Zijin Mining Group Co
(OTC:2899)
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Rating:65Neutral
Price Target:
HK$36.00
â–Ľ(-1.69% Downside)
Action:Reiterated
Date:04/22/26
The score is primarily driven by improving profitability and solid free-cash-flow generation, tempered by moderate financial risk from rising absolute debt and imperfect cash conversion. Technical signals are mixed with slightly negative momentum, and valuation appears roughly average (P/E ~16 and ~1.4% yield).
Positive Factors
Rising Profitability
Net margin roughly doubled to ~15% in 2025/TTM, reflecting stronger pricing and/or cost control. That margin expansion, together with reported strong ROE (~32% TTM), supports durable earnings power, higher retained income and greater ability to fund investments or recover in weaker cycles.
Negative Factors
Rising Absolute Debt
Although leverage ratios improved, the company’s absolute debt level increased. Larger nominal debt raises refinancing and interest-rate risk, reducing resilience if commodity prices fall or funding costs rise, and may constrain capital allocation during downturns.
Read all positive and negative factors
Positive Factors
Negative Factors
Rising Profitability
Net margin roughly doubled to ~15% in 2025/TTM, reflecting stronger pricing and/or cost control. That margin expansion, together with reported strong ROE (~32% TTM), supports durable earnings power, higher retained income and greater ability to fund investments or recover in weaker cycles.
Read all positive factors
Zijin Mining Group Co (2899) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$945.49B
Dividend Yield1.55%
Average Volume (3M)50.31M
Price to Earnings (P/E)10.1
Beta (1Y)1.06
Revenue Growth22.04%
EPS Growth75.35%
CountryHK
Employees55,690
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)2.31
Shares Outstanding5,988,921,400
10 Day Avg. Volume60,200,448
30 Day Avg. Volume50,310,267
Financial Highlights & Ratios
PEG Ratio0.26
Price to Book (P/B)4.53
Price to Sales (P/S)2.39
P/FCF Ratio18.74
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$51.99Price Target Upside41.96% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering12
EPS Forecast (FY)3.03
Revenue Forecast (FY)HK$482.96B
Zijin Mining Group Co Business Overview & Revenue Model
Company Description
Zijin Mining Group Company Limited, together with its subsidiaries, engages in prospecting, exploration, and mining mineral resources in Mainland China. It primarily produces gold bullion; gold, copper, zinc, tungsten, lead, and iron ore concentra...
How the Company Makes Money
Zijin Mining primarily makes money by producing and selling metals and metal-related products derived from its mining and processing operations. Its core revenue streams typically include: (1) Sales of mined and processed metals—revenue is generat...
Zijin Mining Group Co Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
63
Positive
Cash Flow
74
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 367.73B | 349.08B | 303.64B | 293.40B | 270.33B | 225.10B |
| Gross Profit | 114.18B | 96.79B | 61.86B | 46.38B | 42.54B | 34.75B |
| EBITDA | 101.39B | 89.25B | 62.46B | 40.39B | 43.00B | 32.20B |
| Net Income | 61.30B | 51.78B | 32.05B | 21.12B | 20.04B | 15.67B |
Balance Sheet | ||||||
| Total Assets | 548.08B | 513.93B | 396.61B | 343.01B | 306.04B | 208.59B |
| Cash, Cash Equivalents and Short-Term Investments | 111.84B | 75.60B | 37.69B | 24.89B | 25.34B | 17.16B |
| Total Debt | 187.35B | 169.84B | 129.99B | 122.83B | 123.18B | 77.30B |
| Total Liabilities | 284.69B | 266.67B | 218.88B | 204.64B | 181.59B | 115.70B |
| Stockholders Equity | 196.62B | 184.01B | 139.79B | 107.51B | 88.94B | 71.03B |
Cash Flow | ||||||
| Free Cash Flow | 59.18B | 44.46B | 24.06B | 6.43B | 3.88B | 5.92B |
| Operating Cash Flow | 90.79B | 74.64B | 48.86B | 36.86B | 28.68B | 26.07B |
| Investing Cash Flow | -36.26B | -31.66B | -32.24B | -33.96B | -50.98B | -23.76B |
| Financing Cash Flow | 1.08B | -10.29B | -4.43B | -5.82B | 27.26B | 23.32M |
Zijin Mining Group Co Technical Analysis
Negative
36.62
Price Trends
36.74
Negative
38.47
Negative
33.87
Negative
Market Momentum
-0.44
Positive
35.84
Neutral
9.74
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2899, the sentiment is Negative. The current price of 36.62 is below the 20-day moving average (MA) of 36.70, below the 50-day MA of 36.74, and above the 200-day MA of 33.87, indicating a bearish trend. The MACD of -0.44 indicates Positive momentum. The RSI at 35.84 is Neutral, neither overbought nor oversold. The STOCH value of 9.74 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2899.
Zijin Mining Group Co Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | HK$78.12B | 17.50 | 27.52% | 0.54% | 48.74% | 56.71% | |
67 Neutral | HK$82.33B | 11.44 | 17.43% | 0.16% | 56.67% | 139.25% | |
65 Neutral | HK$945.49B | 10.07 | 35.71% | 1.55% | 22.04% | 75.35% | |
64 Neutral | HK$26.14B | 6.03 | 33.81% | 1.40% | 10.57% | 112.84% | |
63 Neutral | HK$401.45B | 1.08 | 36.30% | ― | ― | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
59 Neutral | HK$156.48B | 24.52 | 15.21% | 0.93% | ― | ― |
* Basic Materials Sector Average
HK:2899
Zijin Mining Group Co
33.40
15.00
81.48%
HK:1818
Zhaojin Mining Industry Co
22.74
3.17
16.21%
HK:3330
Lingbao Gold Group Company Ltd. Class H
18.31
8.87
93.98%
HK:1787
Shandong Gold Mining Co., Ltd. Class H
25.68
0.76
3.05%
HK:6693
Chifeng Jilong Gold Mining Co., Ltd. Class H
34.98
6.24
21.72%
HK:2259
Zijin Gold International Company Limited
145.40
7.90
5.75%
Zijin Mining Group Co Corporate Events
Zijin Mining Sets 2026 Timetable for Determining H Shareholders’ Eligibility for 2025 Final Dividend
May 15, 2026
Zijin Mining Group has announced the timetable and procedures for determining H shareholders eligible to receive its proposed final dividend for the year ended 31 December 2025. The register of H shares will be closed from 11 to 16 June 2026, with...
Zijin Mining Outlines Tax Withholding Rules for 2025 Final Dividend to H Shareholders
May 15, 2026
Zijin Mining Group has detailed how it will withhold and pay PRC individual income tax on its 2025 final dividend to overseas individual H shareholders, based on applicable tax treaties and shareholders’ registered domicile as of 16 June 202...
Zijin Mining Details Tax Withholding Rules for 2025 Final Dividend to H Shareholders
May 15, 2026
Zijin Mining Group has detailed the tax treatment for its 2025 final dividend to holders of its H shares, confirming it will withhold and pay a 10% enterprise income tax on behalf of non-resident enterprise shareholders in line with Chinese tax la...
Zijin Mining Updates Key Dates and Tax Details for 2025 Final Dividend
May 15, 2026
Zijin Mining Group has updated details of its proposed final cash dividend for the financial year ended 31 December 2025, confirming a distribution of RMB 3.8 per 10 shares subject to shareholder approval on 5 June 2026. The company has set key da...
Zijin Mining Sets 2025 AGM to Vote on Payout Plan, Capital Mandates and ESOP
May 15, 2026
Zijin Mining Group has convened its 2025 annual general meeting for 5 June 2026 in Fujian, where shareholders will review the board report, 2025 annual results and profit distribution, and consider authorizing the board to set an interim dividend ...
Zijin Mining Calls for Shareholder Attendance Confirmation for 2025 AGM
May 15, 2026
Zijin Mining Group has issued a reply slip for its 2025 annual general meeting, inviting holders of its H shares to confirm their intention to attend in person or by proxy. The meeting is scheduled for 9 a.m. on 5 June 2026 at the company’s ...
Zijin Mining Proposes 2026 Employee Stock Ownership Plan Using Repurchased A Shares
May 10, 2026
Zijin Mining Group’s board has proposed an Employee Stock Ownership Scheme for 2026 that will be funded entirely with previously repurchased A shares held in a dedicated account, avoiding the issuance of new equity or transfer of Hong Kong-l...
Zijin Mining Sets 2026–2028 Dividend Framework With 35% Payout Target
Apr 21, 2026
Zijin Mining Group has approved a profit distribution and return plan for 2026 to 2028 that formalizes how it will balance shareholder returns with long-term development needs. The framework is designed to ensure continuity and stability in divide...
Zijin Gold International Lifts Q1 2026 Output as New Mines Come Onstream
Apr 21, 2026
Zijin Gold International Company Limited, a Hong Kong-incorporated gold miner under Zijin Mining Group and listed on the Hong Kong Stock Exchange, reported its latest operational figures for the first quarter of 2026. The group continues to expand...
Zijin Mining Doubles Q1 Profit as Cash Flow and Returns Surge
Apr 21, 2026
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 shareh...
Zijin Mining Completes RMB2.5 Billion A-Share Buyback for Employee Incentive Plans
Apr 14, 2026
Zijin Mining Group Co., Ltd. has completed an A-share repurchase program approved by its board in March 2026, using self-owned funds to buy back shares for future employee stock ownership schemes or share incentive plans. The initiative reflects t...
Zijin Mining Completes First Exercise Period of 2023 Share Option Incentive Scheme
Apr 2, 2026
Zijin Mining Group has completed the first exercise period of its 2023 Share Option Incentive Scheme, with all 13.10 million options eligible for this phase fully exercised by March 2026. Senior executives, including the chairman, vice-chairman, d...
Zijin Mining Schedules Board Meeting to Approve First-Quarter 2026 Results
Mar 27, 2026
Zijin Mining Group has scheduled a board meeting for 21 April 2026 to review and approve the company’s first-quarter results for the period ended 31 March 2026. The board will also consider the formal release of these quarterly figures, sign...
Zijin Mining Starts A-Share Buyback for Employee Incentive Plans
Mar 23, 2026
Zijin Mining Group Co., Ltd., a leading Chinese mining company focused on gold, copper, and other non-ferrous metals, operates a diversified portfolio of mining assets across domestic and international markets. Listed in both mainland China and Ho...
Zijin Mining Moves to Take Control of Chifeng Jilong Gold in RMB18.3 Billion Deal
Mar 23, 2026
Zijin Mining Group’s wholly owned unit Zijin Gold has agreed to acquire a controlling stake in Chifeng Jilong Gold Mining by purchasing 241.9 million A shares from the current largest shareholder and concert party for about RMB10.006 billion...
Zijin Gold International Posts Surging 2025 Profit on Higher Output and Gold Prices
Mar 22, 2026
Zijin Gold International, the Hong Kong-listed gold mining subsidiary of Zijin Mining Group, operates a portfolio of global gold assets, including recently acquired mines in Ghana and Kazakhstan. The company leverages its listing on the Main Board...
Zijin Mining Launches Up to RMB2.5 Billion A-Share Buyback for Staff Incentives
Mar 22, 2026
Zijin Mining Group has approved a plan to repurchase its Renminbi-denominated A shares through centralized price bidding, allocating between RMB1.5 billion and RMB2.5 billion of its own funds, at a maximum price of RMB41.5 per share, over a period...
Zijin Mining Posts Surge in 2025 Profit and Proposes Higher Dividend
Mar 22, 2026
Zijin Mining Group reported strong growth for the year ended 31 December 2025, with operating income rising 14.96% to RMB349.079 billion and profit before tax surging 67.96% to RMB80.753 billion. Net profit attributable to shareholders climbed 61....
Zijin Mining Proposes Final 2025 Dividend, Key Details Pending
Mar 22, 2026
Zijin Mining Group Co., Ltd. has announced a proposed final cash dividend of RMB 3.8 per 10 shares for the financial year ended 31 December 2025, signalling its intention to return capital to shareholders following the period’s performance. ...
Zijin Mining to Hold 2025 Annual Results Briefing via SSE Roadshow Center in March 2026
Mar 13, 2026
Zijin Mining Group has announced it will hold its 2025 annual results briefing on 23 March 2026 via the SSE Roadshow Center, using a combination of live webcast with simultaneous English interpretation and online text interaction. Senior managemen...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.