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Zijin Mining Group Co
(OTC:2899)
Zijin Mining Group Co (2899) vs. iShares MSCI Hong Kong ETF (EWH)
Zijin Mining Group Co Business Overview & Revenue Model
Zijin Mining Group Co Financial Statement Overview
| Breakdown | |||||
| TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 307.79B | 303.64B | 293.40B | 270.33B | 225.10B | 171.50B | Gross Profit |
| 67.51B | 61.86B | 46.38B | 42.54B | 34.75B | 20.43B | EBIT |
| 54.89B | 48.83B | 31.94B | 30.95B | 25.09B | 11.24B | EBITDA |
| 61.69B | 62.46B | 40.39B | 43.00B | 32.20B | 19.94B | Net Income Common Stockholders |
| 35.96B | 32.05B | 21.12B | 20.04B | 15.67B | 6.51B |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 46.31B | 37.69B | 24.89B | 25.34B | 17.16B | 13.89B | Total Assets |
| 411.65B | 396.61B | 343.01B | 306.04B | 208.59B | 182.31B | Total Debt |
| 132.58B | 129.99B | 122.83B | 123.18B | 77.30B | 74.06B | Net Debt |
| 92.36B | 98.30B | 104.38B | 102.94B | 63.08B | 62.10B | Total Liabilities |
| 225.95B | 218.88B | 204.64B | 181.59B | 115.70B | 107.72B | Stockholders Equity |
| 145.93B | 139.79B | 107.51B | 88.94B | 71.03B | 56.54B |
| Cash Flow | Free Cash Flow | ||||
| 13.94B | 24.06B | 6.43B | 3.88B | 5.92B | 382.00M | Operating Cash Flow |
| 12.27B | 48.86B | 36.86B | 28.68B | 26.07B | 14.27B | Investing Cash Flow |
| -32.14B | -32.24B | -33.96B | -50.98B | -23.76B | -29.17B | Financing Cash Flow |
| -3.81B | -4.43B | -5.82B | 27.26B | 23.32M | 20.93B |
Zijin Mining Group Co Technical Analysis
Zijin Mining Group Co Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $519.69B | 12.59 | 27.63% | 1.64% | 3.41% | 60.46% | |
51 Neutral | $2.04B | -1.15 | -21.24% | 3.95% | 2.91% | -30.44% | |
| $9.23B | 42.00 | 11.20% | 0.27% | ― | ― | ||
| ― | ― | ― | ― | ||||
| €1.73B | 19.20 | 22.79% | 0.60% | ― | ― | ||
76 Outperform | HK$138.86B | 40.12 | 10.43% | 1.44% | 36.74% | 36.49% | |
72 Outperform | HK$33.27B | 43.12 | 25.55% | 1.56% | 40.22% | 46.48% |
Zijin Mining Group Co Corporate Events
Zijin Mining Group Co., Ltd. has announced its first extraordinary general meeting in 2025 to discuss and approve the spin-off and listing of its subsidiary, Zijin Gold International Company Limited, on the Hong Kong Stock Exchange. This strategic move is aimed at enhancing the company’s operational independence and sustainable growth, while safeguarding the interests of shareholders and creditors. Additionally, the meeting will address the Employee Stock Ownership Scheme for 2025, reflecting Zijin’s commitment to aligning employee interests with corporate objectives.
The most recent analyst rating on (HK:2899) stock is a Buy with a HK$21.50 price target. To see the full list of analyst forecasts on Zijin Mining Group Co stock, see the HK:2899 Stock Forecast page.
Zijin Mining Group Co., Ltd. has announced the convening of its second H Shareholders’ Class Meeting in 2025 to discuss and approve a special resolution. The resolution pertains to the provision of assured entitlement to H Shareholders in connection with the planned spin-off and listing of its subsidiary, Zijin Gold International Company Limited, on the Main Board of the Hong Kong Stock Exchange. This move is likely to impact the company’s market positioning and could have implications for its stakeholders.
The most recent analyst rating on (HK:2899) stock is a Buy with a HK$21.50 price target. To see the full list of analyst forecasts on Zijin Mining Group Co stock, see the HK:2899 Stock Forecast page.
Zijin Mining Group Co., Ltd. has announced the scheduling of its first extraordinary general meeting for 2025, set to take place on June 26th in Xiamen City, Fujian Province, China. This meeting is significant for stakeholders as it provides an opportunity for shareholders to engage with the company’s management and discuss future directions, potentially impacting the company’s strategic decisions and market positioning.
The most recent analyst rating on (HK:2899) stock is a Buy with a HK$21.50 price target. To see the full list of analyst forecasts on Zijin Mining Group Co stock, see the HK:2899 Stock Forecast page.
Zijin Mining Group Co., Ltd. has announced the scheduling of its second H Shareholders’ class meeting for 2025, which will take place on June 26, 2025, in Xiamen City, Fujian Province, China. This meeting is a critical event for shareholders, as it provides an opportunity for them to engage with the company’s management and discuss future strategies, potentially impacting the company’s operations and stakeholder interests.
The most recent analyst rating on (HK:2899) stock is a Buy with a HK$21.50 price target. To see the full list of analyst forecasts on Zijin Mining Group Co stock, see the HK:2899 Stock Forecast page.
Zijin Mining Group Co., Ltd. has announced the closure period for the register of H Share members in preparation for its first extraordinary general meeting and the second H Shareholders’ Class Meeting in 2025. These meetings, scheduled for June 26, 2025, will address the proposed spin-off and listing of its subsidiary, Zijin Gold International Company Limited, on the Hong Kong Stock Exchange, as well as the adoption of an Employee Stock Ownership Scheme. The closure period for the register of H Share members is set from June 20 to June 26, 2025, during which no share transfers will be processed. This move is part of Zijin’s strategy to enhance its operational structure and shareholder engagement, potentially impacting its market position and stakeholder interests.
The most recent analyst rating on (HK:2899) stock is a Buy with a HK$19.40 price target. To see the full list of analyst forecasts on Zijin Mining Group Co stock, see the HK:2899 Stock Forecast page.
Zijin Mining Group Co., Ltd. has announced an adjustment to the conversion price of its US$2 billion guaranteed convertible bonds due 2029, following the approval of a profit distribution plan. The conversion price will be adjusted from HK$19.84 to HK$19.38 per H Share, effective May 30, 2025, due to the implementation of a final dividend for 2024. This adjustment will result in an increase in the number of H Shares convertible and issuable under the bonds, reflecting the company’s commitment to enhancing shareholder returns and potentially impacting its market positioning.
The most recent analyst rating on (HK:2899) stock is a Buy with a HK$21.50 price target. To see the full list of analyst forecasts on Zijin Mining Group Co stock, see the HK:2899 Stock Forecast page.
Zijin Mining Group Co has proposed the adoption of an Employee Stock Ownership Scheme for 2025, which is subject to shareholder approval at an Extraordinary General Meeting (EGM). The scheme involves existing shares and is classified as a share scheme under the Listing Rules, with certain directors having material interests and abstaining from voting. The scheme aims to align the interests of employees and shareholders, potentially impacting the company’s governance and stakeholder engagement.
The most recent analyst rating on (HK:2899) stock is a Buy with a HK$21.50 price target. To see the full list of analyst forecasts on Zijin Mining Group Co stock, see the HK:2899 Stock Forecast page.
Zijin Mining Group Co. has announced a temporary suspension of underground operations in part of the Kamoa-Kakula Copper Mine due to seismic activity, which caused structural issues but no injuries. The incident has led to a reduced capacity in the mine’s phase 1 and 2 concentrators, potentially impacting the annual production targets. The company is conducting a thorough investigation to assess the situation and develop improvement plans, while maintaining operations in other parts of the mine.
The most recent analyst rating on (HK:2899) stock is a Buy with a HK$23.50 price target. To see the full list of analyst forecasts on Zijin Mining Group Co stock, see the HK:2899 Stock Forecast page.
Zijin Mining Group Co., Ltd. announced that all resolutions proposed at its 2024 Annual General Meeting and the first A and H Shareholders’ Class Meetings in 2025 were successfully approved. The resolutions included the approval of various reports and financial statements for 2024, reflecting strong shareholder support and confidence in the company’s governance and financial health. This approval is likely to reinforce Zijin Mining’s market position and operational stability, benefiting stakeholders by ensuring continued strategic growth and financial transparency.
The most recent analyst rating on (HK:2899) stock is a Buy with a HK$21.50 price target. To see the full list of analyst forecasts on Zijin Mining Group Co stock, see the HK:2899 Stock Forecast page.
Zijin Mining Group Co., Ltd. has announced an update regarding its final cash dividend for the year ended December 31, 2024. The dividend declared is RMB 2.8 per 10 shares, with payment to be made in Hong Kong dollars at an exchange rate of RMB 1 to HKD 1.083062. The payment date is set for June 20, 2025, and the company has outlined the withholding tax rates applicable to non-resident shareholders. This announcement is significant for stakeholders as it provides clarity on the dividend distribution and tax implications, impacting both domestic and international investors.
The most recent analyst rating on (HK:2899) stock is a Buy with a HK$21.50 price target. To see the full list of analyst forecasts on Zijin Mining Group Co stock, see the HK:2899 Stock Forecast page.
Zijin Mining Group Co., Ltd. has announced its participation in the 2025 Investors Online Group Reception Day for Listed Companies in Fujian. This event, organized by the China Securities Regulatory Commission Fujian Branch and other partners, aims to enhance communication with investors through an online platform. During the event, Zijin Mining will discuss its financial performance for the year 2024 and the first quarter of 2025, along with insights into corporate governance and sustainable development strategies. This engagement is expected to strengthen investor relations and provide stakeholders with valuable information on the company’s operations and future plans.
Zijin Mining Group Co., Ltd. has announced an update regarding its final cash dividend for the year ended December 31, 2024. The dividend is set at RMB 2.8 per 10 shares, with key dates including a record date of May 29, 2025, and a payment date of June 20, 2025. The announcement also outlines the withholding tax obligations for non-resident shareholders, with varying rates depending on the shareholder’s status and residence. This update provides clarity on the dividend distribution process and the tax implications for stakeholders, reinforcing Zijin Mining’s commitment to transparent financial practices.
Zijin Mining Group Co., Ltd. announced the distribution of its 2024 final dividend to H Shareholders, with a record date set for May 29, 2025. The company will withhold a 10% enterprise income tax for non-resident enterprise shareholders and a 20% individual income tax for Mainland individual investors participating through the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect programs. This announcement underscores Zijin Mining’s adherence to tax regulations and highlights its commitment to shareholder returns.
Zijin Mining Group Co., Ltd. announced the withholding and payment arrangements for personal income tax concerning its 2024 final dividend distribution. The company will adhere to tax treaties between China and other countries, applying different withholding tax rates based on the domicile of individual H Shareholders. This announcement ensures compliance with tax regulations and provides clarity for shareholders regarding their tax obligations.
Zijin Mining Group Co., Ltd. has announced the closure period for the register of members of H Shares to determine eligibility for the proposed final dividend distribution for the year ending December 31, 2024. The register will be closed from May 23 to May 29, 2025, and shareholders on record as of May 29 will be entitled to receive the dividend, subject to approval at the annual general meeting on May 19, 2025. The dividend distribution is expected to impact stakeholders, particularly those investing through the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect, with payments to be made in Renminbi.
Zijin Mining Group Co., Ltd. has completed the acquisition of controlling power in Zangge Mining Company Limited, consolidating its financial results and enhancing its operational management efficiency. This acquisition aligns with China’s market reform policies and is expected to significantly enrich Zijin’s reserves of copper, lithium, and potash, thereby strengthening its position as a major potash producer. The company aims to leverage Zangge Mining’s expertise in low-cost lithium extraction to accelerate resource potential and transform these advantages into economic benefits, ultimately enhancing the investment value for both companies.
Zijin Mining Group Co., Ltd. has announced plans to spin off and list its overseas gold mine assets under a new subsidiary, Zijin Gold International Company Limited, on the Hong Kong Stock Exchange. This strategic move aims to accelerate the company’s internationalization process, enhance asset valuation, and attract high-quality international investors. While the proposal is still in the preliminary stages and subject to regulatory approvals, it is expected to bolster Zijin’s market position and provide greater value to shareholders amid rising gold prices.
Zijin Mining Group Co., Ltd. has completed the acquisition of the Akyem Gold Mine Project in Ghana from Newmont Corporation. This acquisition is expected to enhance Zijin’s gold production targets due to the mine’s favorable mineralization conditions and potential for reserve expansion. The Akyem Gold Mine has demonstrated stable operations with significant potential for exploration and increased gold production, especially amid rising gold prices. The transaction does not constitute a notifiable or connected transaction under Hong Kong’s Listing Rules.
Zijin Mining Group Co., Ltd. announced an update regarding its final cash dividend for the year ended December 31, 2024, declaring a dividend of RMB 2.8 per 10 shares. The announcement includes updates on the timeline for lodging transfer documents and other key dates related to the dividend, which are yet to be announced. This update is crucial for shareholders as it impacts their entitlement to the dividend and reflects the company’s ongoing commitment to returning value to its investors.
Zijin Mining Group Co., Ltd. has announced the signing of a supplemental agreement to acquire controlling power in Zangge Mining Company Limited. The agreement involves Zijin International Holdings, a wholly-owned subsidiary, acquiring shares from various parties, including Zangge Venture Capital and Xinsha Hongyun, at a total consideration of RMB13.7 billion. The supplemental agreement includes adjustments to the allocation of shares among the transferors, with Mr. Xiao Yongming, the actual controller of Zangge Mining, being added as a transferor to expedite the acquisition process. The board of Zijin Mining has approved the agreement, noting that it does not alter the key commercial terms and aims to facilitate the completion of the acquisition.
Zijin Mining Group Co., Ltd. has announced an update regarding its final cash dividend for the year ended December 31, 2024. The dividend declared is RMB 2.8 per 10 shares, with the date of shareholders’ approval set for May 19, 2025. The announcement provides details on the book close period and record date, but certain specifics such as the payment date and exchange rate are yet to be announced. This update is crucial for shareholders as it outlines the timeline and process for determining dividend entitlements.
Zijin Mining Group Co., Ltd. has announced the convening of its first H Shareholders’ Class Meeting for 2025, scheduled for May 19, 2025, in Fujian Province, China. The meeting will address special resolutions concerning the extension of the validity period for the issuance of A Share convertible corporate bonds to non-specific investors. This move could potentially impact the company’s financial strategy and market positioning by allowing more flexibility in capital raising efforts.
Zijin Mining Group Co., Ltd. has announced the details for its 2024 Annual General Meeting, which is scheduled to take place on May 19, 2025, at their headquarters in Fujian Province, China. This meeting is significant for stakeholders as it provides an opportunity to discuss the company’s future strategies and operational directions, potentially impacting its market positioning and stakeholder interests.
Zijin Mining Group Co., Ltd. has announced the scheduling of its first H Shareholders’ class meeting for 2025, set to take place on May 19, 2025, in Fujian Province, China. This meeting is significant for stakeholders as it provides an opportunity for shareholder engagement and decision-making, potentially impacting the company’s future strategies and operations.
Zijin Mining Group Co., Ltd. has announced its 2024 Annual General Meeting scheduled for May 19, 2025, to discuss and approve various resolutions. These include the approval of financial and board reports, profit distribution proposals, changes in auditors, and plans for future business developments. The meeting will also address the issuance of debt financing instruments and convertible corporate bonds, reflecting the company’s strategic focus on expanding its financial and operational capabilities.
Zijin Mining Group Co., Ltd. reported a significant increase in its financial performance for the first quarter of 2025, with a 5.55% rise in operating income and a substantial 62.96% increase in net profit compared to the same period last year. The company’s improved financial results reflect its strong market positioning and operational efficiency, which are likely to have positive implications for its stakeholders and future growth prospects.
Zijin Mining Group Co., Ltd. has successfully completed its share repurchase plan, initially announced on April 7, 2025. The company repurchased 64,316,000 A shares, which represents 0.24% of its total shares, at an average price of RMB15.55 per share, utilizing nearly RMB1 billion. The repurchased shares are intended for employee stock ownership schemes or share incentives, aligning with the company’s strategic goals to enhance employee engagement and retain talent.
Zijin Mining Group Co., Ltd. has initiated its first repurchase of A Shares through centralized price bidding, as part of a plan approved in April 2025. The company has repurchased 32,029,700 A Shares, representing 0.12% of its total share capital, with a total expenditure of approximately RMB500 million. This strategic move, funded by self-owned resources, aims to support employee stock ownership schemes or share incentives, potentially enhancing shareholder value and aligning employee interests with company performance.
Zijin Mining Group Co., Ltd. announced a plan to repurchase its A Shares through centralized price bidding, with a budget ranging from RMB600 million to RMB1 billion. This initiative aims to support the company’s employee stock ownership scheme or share incentive program. The repurchase period is set for up to 12 months, with a maximum price of RMB17.00 per share. The company will use its own funds for this repurchase and has assured that major shareholders currently have no plans to reduce their holdings. However, there are risks associated with the plan, including potential market price fluctuations and changes in company operations, which may affect the successful implementation of the repurchase.
Zijin Mining Group Co.’s subsidiary, Norton Gold Fields Pty Limited, has completed the sale of its 100% equity interest in Bullabulling Gold Pty Ltd to Minerals 260 Limited for AUD156.5 million in cash and AUD10 million in shares. This transaction aligns with Zijin’s strategy to focus on larger projects and divest smaller ones, thereby optimizing its asset structure and improving operational efficiency.
Zijin Mining Group Co., Ltd. announced the resignation of Mr. Mao Jingwen as an independent non-executive director and member of the Strategic and Sustainable Development Committee, effective March 31, 2025. His departure will not affect the board’s operations as it maintains the required number of directors. Additionally, Mr. Que Chaoyang has resigned from his roles as vice-president and chief engineer for personal reasons, with his resignation also effective March 31, 2025. The company has appointed Mr. Wu Jianhui as the new chief engineer, ensuring continuity in its leadership and strategic operations.
Zijin Mining Group Co., Ltd. has announced the composition of its board of directors, highlighting the roles and responsibilities of each member. The board comprises executive, non-executive, and independent non-executive directors, with various committees focusing on audit, internal control, nomination, remuneration, strategic development, and investment. This announcement underscores Zijin Mining’s commitment to robust governance and strategic oversight, potentially impacting its operational efficiency and stakeholder confidence.
Zijin Mining Group Co., Ltd. has announced a board meeting scheduled for April 11, 2025, to review and approve the company’s first quarterly results for the year. This meeting is significant as it will provide insights into the company’s financial performance and strategic direction for the upcoming quarters, impacting stakeholders and potentially influencing market perceptions.
Zijin Mining Group Co., Ltd. announced a final cash dividend of RMB 2.8 per 10 shares for the financial year ending December 31, 2024. This announcement highlights the company’s financial performance and commitment to returning value to its shareholders, though specific details regarding payment dates and tax implications are yet to be disclosed.
Zijin Mining Group Co., Ltd. reported a significant financial performance for the year ended December 31, 2024, with a 3.49% increase in operating income to RMB303.640 billion and a remarkable 53.66% rise in profit before tax to RMB48.078 billion. The company’s net profit attributable to shareholders surged by 51.76% to RMB32.051 billion, reflecting robust operational efficiency and strategic growth initiatives. The total assets of the Group grew by 15.63% to RMB396.611 billion, while net assets attributable to shareholders increased by 30.03% to RMB139.786 billion. The Board proposed a final cash dividend of RMB2.8 per 10 shares, subject to shareholder approval, indicating a strong commitment to returning value to investors.
Zijin Mining Group Co., Ltd. has announced a proposed change of its auditor from Ernst & Young Hua Ming LLP to Deloitte Touche Tohmatsu Certified Public Accountants LLP. This decision was made to ensure the independence and objectivity of the audit work, following a comprehensive evaluation and in compliance with relevant administrative measures. Both auditing firms have acknowledged the change without any disagreements. Deloitte Touche Tohmatsu, with extensive experience in securities service businesses, will take over the audit responsibilities, having provided services to various industries, including manufacturing and finance.
Zijin Mining Group Co. has announced an extension of the validity period for its resolution on the issuance of A Share Convertible Corporate Bonds to non-specific investors. Originally set to expire on 24 May 2024, the validity period has been extended to 24 May 2026 to ensure the smooth implementation of the bond issuance process. This extension reflects the company’s ongoing efforts to manage its financial strategies effectively and maintain its competitive edge in the mining industry.
Zijin Mining Group Co., Ltd. has announced the extension of the duration of Phase 1 of its Employee Stock Ownership Scheme by three years, now set to conclude on June 6, 2028. This decision reflects the company’s confidence in its future growth and aims to align employee interests with long-term corporate performance, potentially impacting stakeholders by enhancing employee engagement and retention.
Zijin Mining Group Co has announced the convening of its 2024 Annual Results Briefing, scheduled for March 24, 2025. The briefing will be held online via the SSE Roadshow Center platform, featuring a live broadcast with simultaneous English interpretation and online text interaction. Key company executives, including the chairman, vice-chairman, and chief financial officer, will discuss the company’s operating conditions and financial status for 2024, as well as address investor questions. This event aims to enhance transparency and communication with stakeholders, reflecting Zijin Mining’s commitment to investor engagement.