


Core Viewpoint - Zijin Mining has reported record-high performance in the first half of 2025, driven by increased production and prices of mineral products, achieving revenue of 167.7 billion yuan and a net profit of 23.3 billion yuan, representing year-on-year growth of 11.5% and 54.4% respectively [1] Group 1: Operational Performance - The company has seen a significant increase in copper production, reaching 570,000 tons, a year-on-year growth of over 9%, with major projects like the Tibet Jilong Copper Mine and the Kamoa Copper Mine nearing completion [1] - Gold production also increased by 16% year-on-year to 41 tons, with ongoing enhancements in mining efficiency at various international projects [1] Group 2: Financial Metrics - The overall gross margin for mineral products increased by 3 percentage points to 60.23%, with gold contributing 38.6% and copper 38.5% to the company's gross profit [2] - The company has made strategic acquisitions, including the completion of the Ghana Akim Gold Mine and the signing of an acquisition agreement for the Kazakhstan Raygorodok Gold Mine, enhancing its presence in West Africa and Central Asia [2] Group 3: Shareholder Returns - Zijin Mining has committed to returning value to shareholders, with a planned dividend of 0.22 yuan per share for the 2025 interim period, totaling 5.85 billion yuan, marking a significant increase in dividend payouts [3]