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Zijin Mining Group Co
(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 | 327.42B | 303.64B | 293.40B | 270.33B | 225.10B | 171.50B |
| Gross Profit | 80.24B | 61.86B | 46.38B | 42.54B | 34.75B | 20.43B |
| EBITDA | 70.55B | 62.46B | 40.39B | 43.00B | 32.20B | 17.52B |
| Net Income | 45.55B | 32.05B | 21.12B | 20.04B | 15.67B | 6.51B |
Balance Sheet | ||||||
| Total Assets | 483.00B | 396.61B | 343.01B | 306.04B | 208.59B | 182.31B |
| Cash, Cash Equivalents and Short-Term Investments | 77.90B | 37.69B | 24.89B | 25.34B | 17.16B | 13.89B |
| Total Debt | 173.85B | 129.99B | 122.83B | 123.18B | 77.30B | 74.06B |
| Total Liabilities | 257.64B | 218.88B | 204.64B | 181.59B | 115.70B | 107.72B |
| Stockholders Equity | 167.70B | 139.79B | 107.51B | 88.94B | 71.03B | 56.54B |
Cash Flow | ||||||
| Free Cash Flow | 43.48B | 24.06B | 6.43B | 3.88B | 5.92B | 382.00M |
| Operating Cash Flow | 53.00B | 48.86B | 36.86B | 28.68B | 26.07B | 14.27B |
| Investing Cash Flow | -31.27B | -32.24B | -33.96B | -50.98B | -23.76B | -29.17B |
| Financing Cash Flow | 2.05B | -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 |
|---|---|---|---|---|---|---|---|
76 Outperform | $1.24T | 24.11 | 29.60% | 1.55% | 9.69% | 54.43% | |
74 Outperform | HK$20.03B | 33.99 | ― | 0.44% | 6.76% | 239.14% | |
70 Outperform | HK$144.39B | 55.77 | 15.17% | 0.16% | 44.37% | 125.87% | |
70 Outperform | HK$63.15B | 62.40 | 36.46% | 1.32% | 31.24% | 58.16% | |
67 Neutral | HK$33.41B | 24.92 | 35.84% | 1.40% | 70.92% | 249.45% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
51 Neutral | HK$293.17B | 84.71 | ― | 0.93% | 36.74% | 36.49% |
Zijin Mining Group Co Corporate Events
Zijin Mining’s subsidiary Zijin Gold International has agreed to acquire 100% of Allied Gold Corporation for approximately CAD5.5 billion in cash, valuing Allied Gold at CAD44 per share. Allied Gold’s core assets include the producing Sadiola Gold Mine in Mali, the Bonikro and Agbaou mines in Côte d’Ivoire, and the Kurmuk project in Ethiopia, which is expected to start production in the second half of 2026; combined, these assets hold an estimated 533 tonnes of gold resources and are projected to lift Allied Gold’s annual output to about 25 tonnes by 2029. The deal will significantly expand Zijin’s African gold portfolio and future production profile but remains subject to multiple closing conditions, including shareholder approval at Allied Gold, court approval in Canada, and various regulatory clearances in China, Canada and other jurisdictions, and investors are cautioned about the associated transaction risks.
The most recent analyst rating on (HK:2899) stock is a Buy with a HK$47.00 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 has completed construction and commenced production of Phase 2 of its Julong Copper Mine, expanding the site’s processing capacity from 150,000 to 350,000 tonnes of ore per day and significantly increasing expected annual output of copper, molybdenum and silver from 2026 onward. Once Phase 2 reaches full capacity, Julong’s annual ore processing will rise to 105 million tonnes, with mine-produced copper projected to increase to about 300,000–350,000 tonnes, cementing its status as the largest copper mine in China and a world-class, high-altitude operation; the company is also planning a Phase 3 expansion that could ultimately make Julong the largest copper mine globally by mining and processing scale, reinforcing Zijin’s growth trajectory and consolidating its leading position in the global copper sector alongside its other flagship international projects.
The most recent analyst rating on (HK:2899) stock is a Buy with a HK$47.00 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 has signed a project cooperation and equity interest transfer agreement with Jinduicheng Molybdenum for the integrated development and deep processing of the Shapinggou Molybdenum Mine in Anhui Province. Under the deal, Jinduicheng Molybdenum will partner with Zijin-controlled Anhui Jinsha Molybdenum to set up a new smelting company near the mine, with Jinduicheng holding 51% and leading construction and operations, while Jinsha holds 49%, aligning smelting capacity with the mine’s development. In parallel, Zijin will sell a 24% stake in Jinsha Molybdenum to Jinduicheng for RMB 1.73087 billion, after which Zijin (or its subsidiaries), Jinduicheng, and Jinzhai Urban Development Investment Co. will hold 60%, 34%, and 6% of Jinsha, respectively, with Zijin retaining operational control of the mine. The agreement includes strict timelines for Jinduicheng to establish and fund the smelting company by December 2026 and grants Zijin a buy-back right at a capped price if the smelting project is not developed as agreed, providing operational safeguards while deepening industrial cooperation and value-chain integration around the Shapinggou asset.
The most recent analyst rating on (HK:2899) stock is a Hold with a HK$42.00 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 has detailed the terms of reference for its Audit and Supervision Committee, a specialised body under the board of directors tasked with reviewing the company’s financial reporting and disclosures, overseeing internal and external audits and internal controls, and assuming the statutory responsibilities of a supervisory committee under Chinese law. The committee will comprise six non-management directors, including five independent directors (at least one with professional accounting expertise) and one executive director responsible for internal supervision, and is supported administratively by an Audit and Supervision Department, underscoring the company’s efforts to standardise governance procedures, strengthen oversight of financial information, and formalise decision-making on key matters such as internal control evaluations and the appointment or removal of audit firms and senior accounting personnel.
The most recent analyst rating on (HK:2899) stock is a Hold with a HK$42.00 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 has formalised the terms of reference for its Nomination and Remuneration Committee, a specialised body under the board of directors tasked with standardising procedures for selecting, evaluating, and compensating directors and senior management. The document sets out the committee’s responsibilities, including proposing candidates and selection criteria, designing and reviewing remuneration policies and incentive schemes, and setting appraisal standards, while also prescribing its composition—six directors with a majority of independent directors, gender diversity requirements, and defined qualifications—aimed at enhancing corporate governance, decision-making efficiency, and alignment with Chinese company and securities law as well as listing rules.
The most recent analyst rating on (HK:2899) stock is a Hold with a HK$42.00 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 has formalised the terms of reference for its Nomination and Remuneration Committee, a specialised body under the board of directors tasked with overseeing the selection, evaluation and compensation of directors and senior management. The document sets out the committee’s mandate to recommend candidates, define selection criteria and procedures, and design and review remuneration policies and appraisal standards, all of which are submitted to the board or shareholders for approval. The committee will comprise six directors, with a majority of independent directors, gender diversity requirements, and leadership positions held by independent directors, aiming to enhance governance standards, transparency and professionalism in board and executive management decisions.
The most recent analyst rating on (HK:2899) stock is a Hold with a HK$42.00 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 has announced a change in its authorised representative under Hong Kong listing rules following the earlier resignation of longtime executive director and chairman Chen Jinghe. With effect from 8 January 2026, newly appointed chairman and executive director Zou Laichang will assume the role of authorised representative, ensuring continuity in the company’s governance and regulatory communication with the Hong Kong Stock Exchange after this leadership transition.
The most recent analyst rating on (HK:2899) stock is a Buy with a HK$46.90 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 has reported the results of the first exercise period of its 2023 Share Option Incentive Scheme, with 12.20 million share options exercised and registered out of 13.10 million eligible options, representing 93.13% uptake in this phase. Senior management, including the chairman, vice-chairman and most vice-presidents, fully exercised their vested options, underscoring strong internal confidence and aligning executives’ interests more closely with shareholders, while the company’s independent exercise mechanism allows underlying shares to become tradable two days after exercise, incrementally increasing the free float and potentially enhancing liquidity in its A shares.
The most recent analyst rating on (HK:2899) stock is a Buy with a HK$42.00 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 scheduled a board meeting for 20 March 2026 to review and approve the audited annual results for the financial year ended 31 December 2025 for the company and its subsidiaries, and to authorise their release. The board will also consider whether to recommend a final dividend, a decision that could affect shareholder returns and signal management’s confidence in the group’s financial performance and outlook.
The most recent analyst rating on (HK:2899) stock is a Buy with a HK$42.00 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 has reshuffled its top leadership, electing Zou Laichang as chairman and Lin Hongfu as vice-chairman of its ninth-term board of directors, both for a three-year term. Lin has also been appointed president, while Gao Wenlong becomes board secretary, and a new senior management line-up has been named, including Wu Jianhui as standing vice-president and chief engineer, a broader slate of vice-presidents, and a split chief financial role between Wu Honghui and joint CFO Cai Xuelin. Founder and long-serving leader Chen Jinghe has stepped down as chairman but will remain deeply connected to the company as lifetime honorary chairman and senior advisor, a move that formalises his influence and legacy while signaling a structured succession designed to preserve strategic continuity and stability for investors, employees, and partners.
The most recent analyst rating on (HK:2899) stock is a Buy with a HK$42.00 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 shareholders have approved a comprehensive set of corporate governance and management changes at the company’s second extraordinary general meeting of 2025. Investors voted through amendments to the Articles of Association and revisions to the rules governing shareholders’ meetings, board meetings, and the terms of reference for independent directors, as well as updates to the administrative measures for connected transactions. The meeting also endorsed newly formulated remuneration management policies for directors and senior management and approved the remuneration and assessment plan for the company’s ninth-term board and senior executives, signaling firm shareholder support for the company’s evolving governance framework and leadership structure.
The most recent analyst rating on (HK:2899) stock is a Buy with a HK$42.00 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 current composition of its board of directors, listing its executive, non-executive and independent non-executive directors, with Zou Laichang serving as chairman and Lin Hongfu as vice-chairman and president. The company has also detailed the structure and membership of its four key board committees—Strategic and Sustainable Development (ESG), Execution and Investment, Audit and Supervision, and Nomination and Remuneration—clarifying chair, deputy and member roles, which underscores a formalised governance framework and highlights the prominence of ESG and investment oversight in its corporate decision-making.
The most recent analyst rating on (HK:2899) stock is a Buy with a HK$42.00 price target. To see the full list of analyst forecasts on Zijin Mining Group Co stock, see the HK:2899 Stock Forecast page.
Zijin Gold International has issued an earnings alert indicating that it expects net profit attributable to shareholders for the 2025 financial year to rise to approximately USD1.5–1.6 billion, a surge of about USD1.02–1.12 billion compared with 2024. This projected increase represents year-on-year profit growth of roughly 212%–233%, signalling a significant improvement in the Group’s operating performance and potentially strengthening its financial position and standing among listed mining peers, although the board has advised investors and shareholders to exercise caution when dealing in the company’s securities.
The most recent analyst rating on (HK:2899) stock is a Buy with a HK$42.00 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 expects a sharp rise in profitability for 2025, forecasting net profit attributable to shareholders of RMB51.0–52.0 billion, up about 59%–62% from RMB32.051 billion in 2024. Net profit after non-recurring items is projected at RMB47.5–48.5 billion, an increase of roughly 50%–53% year on year, although these figures are based on internal estimates and have not yet been audited. Management attributes the earnings surge to higher production volumes of key mineral products—particularly mine-produced gold, copper, silver and a substantial ramp-up in lithium carbonate equivalent—as well as higher selling prices for gold, copper and silver. The strong guidance underscores Zijin’s expanding scale and pricing leverage in core metals, highlighting improved operational performance and reinforcing its strategic position in the global mining and new-energy materials supply chain.
The most recent analyst rating on (HK:2899) stock is a Buy with a HK$42.00 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 has announced the election of Mr. Xie Xionghui as the employee director for the company’s upcoming ninth board term, following a vote at an employee representatives meeting held on 29 December 2025. Mr. Xie will serve a three-year term and will join the new board alongside non-employee directors to be elected at the company’s second extraordinary general meeting in 2025, with his appointment contingent on shareholder approval of amendments to the Articles of Association, underscoring an important step in the renewal of the company’s governance structure.
The most recent analyst rating on (HK:2899) stock is a Buy with a HK$42.00 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 the repurchase and cancellation of 10,200 Restricted A Shares from a participant who resigned and no longer meets the eligibility criteria under the company’s 2020 Incentive Scheme. This decision, approved by the company’s board and supervisory committee, aligns with the stipulations of the Revised Draft of the Incentive Scheme, ensuring compliance with relevant procedures and creditor notifications. The move is part of Zijin Mining’s efforts to maintain the integrity of its incentive schemes and manage its share structure effectively.
The most recent analyst rating on (HK:2899) stock is a Buy with a HK$42.00 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 extraordinary general meeting in 2025 to discuss and approve several key proposals. These include amendments to the company’s Articles of Association, governance procedures, and remuneration policies, as well as the election of directors and the appointment of Mr. Chen Jinghe as the lifetime honorary chairman. This meeting signifies Zijin’s commitment to refining its corporate governance and leadership structure, potentially impacting its strategic direction and stakeholder engagement.
The most recent analyst rating on (HK:2899) stock is a Buy with a HK$42.00 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 Extraordinary General Meeting in 2025, set to take place on December 31, 2025, at its headquarters in Fujian Province, China. This meeting is an important event for shareholders, as it provides an opportunity to discuss and make decisions on key company matters, potentially impacting the company’s strategic direction and stakeholder interests.
The most recent analyst rating on (HK:2899) stock is a Buy with a HK$42.00 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 changes in the nomination of independent non-executive director candidates for its ninth term board of directors. Initially, seven candidates were proposed, but following the withdrawal of Zhang Yongtao due to personal reasons, the list was adjusted to six candidates. The proposal, approved by the Nomination and Remuneration Committee, will be presented to the shareholders for consideration. The company aims to complete the by-election promptly to maintain the required number of independent directors, ensuring compliance with its Articles of Association.
The most recent analyst rating on (HK:2899) stock is a Buy with a HK$42.00 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 second extraordinary general meeting (EGM) scheduled for December 31, 2025. This meeting will address the election of directors and amendments to the Articles of Association. The register will be closed from December 23 to December 31, 2025, during which no transfers of H Shares will be processed. This move is significant for stakeholders as it outlines the company’s governance and structural changes, potentially impacting its strategic direction.
The most recent analyst rating on (HK:2899) stock is a Buy with a HK$42.00 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., a prominent player in the mining industry, has announced the unlocking and listing of 754,800 Restricted A Shares under its 2020 Incentive Scheme. This decision, approved by the company’s board and supervisory committee, marks the third unlocking period for these shares, representing a minor portion of the company’s total shares. The move is part of a broader strategy to incentivize participants and align their interests with the company’s growth objectives.
The most recent analyst rating on (HK:2899) stock is a Buy with a HK$40.00 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 the implementation of the first exercise period of its Share Option Incentive Scheme for 2023, allowing 12 participants to exercise a total of 13.10 million share options. The exercise price has been adjusted due to profit distributions, and the vesting period will expire on December 7, 2025, with the exercise period commencing immediately thereafter.
The most recent analyst rating on (HK:2899) stock is a Buy with a HK$40.00 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. held its eighteenth extraordinary meeting of the eighth term of the Board of Directors to address the upcoming expiration of the current board’s term. The meeting resulted in the nomination and approval of candidates for both non-independent and independent director positions for the ninth term, which will be presented to the shareholders’ meeting for final consideration. This strategic move is expected to ensure continuity in leadership and align with the company’s governance structure, potentially impacting its operational efficiency and stakeholder confidence.
The most recent analyst rating on (HK:2899) stock is a Buy with a HK$40.00 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 a donation of HKD20 million to support emergency relief and post-disaster construction efforts following a devastating fire in Wang Fuk Court, Tai Po District, Hong Kong. The company emphasizes its commitment to social responsibility and solidarity with the affected community, aiming to aid in recovery and rebuilding efforts.
The most recent analyst rating on (HK:2899) stock is a Buy with a HK$40.00 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 significant amendments to its Articles of Association, including the abolishment of its Supervisory Committee. The statutory functions of the Supervisory Committee will now be exercised by the audit and supervision committee of the Board of Directors. Additionally, changes in the company’s registered capital were made following the repurchase and cancellation of restricted A Shares and the issuance of new H Shares, resulting in an increase in the total number of shares and registered capital.
The most recent analyst rating on (HK:2899) stock is a Buy with a HK$40.00 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 the repurchase and cancellation of 30,600 Restricted A Shares under its 2020 Incentive Scheme due to a participant’s resignation. This decision is part of a broader effort to maintain compliance with the scheme’s eligibility criteria, reflecting the company’s commitment to effective governance and operational integrity. The shares, previously frozen by the court, have now been unfrozen, allowing the company to proceed with the cancellation process. This move underscores Zijin Mining’s proactive approach to managing its equity structure and ensuring alignment with its strategic objectives.
The most recent analyst rating on (HK:2899) stock is a Buy with a HK$36.00 price target. To see the full list of analyst forecasts on Zijin Mining Group Co stock, see the HK:2899 Stock Forecast page.