智通财经网·2025-08-29 03:21Core Viewpoint - Zijin Mining (02899) reported a strong interim performance for the six months ending June 30, 2025, with significant increases in revenue and net profit, reflecting robust operational efficiency and market conditions [1] Financial Performance - The company achieved operating revenue of RMB 167.71 billion, a year-on-year increase of 11.5% [1] - Net profit attributable to shareholders reached RMB 23.29 billion, up 54.41% year-on-year [1] - Basic earnings per share were RMB 0.877, with a proposed cash dividend of RMB 2.2 per 10 shares (tax included) [1] Production Metrics - The production of copper reached 570,000 tons, a 9% increase year-on-year [1] - Gold production was 41 tons, reflecting a 16% year-on-year growth [1] - Silver production totaled 224 tons, up 6% year-on-year [1] - Zinc (lead) production was 200,000 tons, and lithium carbonate equivalent production was 7,315 tons [1] Profitability and Cost Management - The overall gross profit margin for mineral products increased by 3 percentage points to 60.23% year-on-year, driven by both volume and price increases as well as cost optimization [1] - HSBC Global Research noted that the company expects annual cost increases for copper and gold to be controlled between 5% and 8% [1] - The management believes there is potential for cost reductions in the Akyem gold mine in Ghana and the Zijin Gold project in Xinjiang [1] Future Outlook - HSBC remains optimistic about Zijin Mining, anticipating stable production and profit growth [1] - The gold business's gross profit contribution is expected to increase with rising sales and potential price surges due to interest rate cuts [1]