Chang Jiang Shang Bao·2025-08-31 22:44Core Viewpoint - Zijin Mining has achieved record-breaking operating performance in the first half of 2025, with significant increases in both revenue and net profit, driven by rising product prices and sales volume [1][2][4]. Financial Performance - In the first half of 2025, Zijin Mining reported revenue of 167.71 billion yuan, a year-on-year increase of 11.50%, and a net profit attributable to shareholders of 23.29 billion yuan, up over 50% [1][2][4]. - This marks the first time in the company's history that net profit exceeded 20 billion yuan in the first half of the year [2]. - The company's operating cash flow net amount reached 28.83 billion yuan, a year-on-year increase of approximately 41% [2]. - The asset-liability ratio stood at 56.36% as of June 30, 2025 [2][9]. Sales and Production - Sales prices for gold, silver, copper, and zinc all saw year-on-year increases, with gold and silver prices rising over 20% [2][6]. - The production volumes for copper, gold, zinc, and silver were 570,000 tons, 410 tons, 200,000 tons, and 2,230 tons respectively, with significant increases in copper and gold production [7]. Asset Growth and Dividends - As of June 30, 2025, the total assets of Zijin Mining reached 439.74 billion yuan, an increase of 70.87 billion yuan from the previous year [2][9]. - The company plans to distribute cash dividends of 5.847 billion yuan, which is 2.2 times the amount distributed in the same period last year [2][9]. Market Performance - Zijin Mining's stock price has surged over 50% year-to-date, reflecting strong investor interest [3][10]. - The company's market capitalization has increased by 211.5 billion yuan this year, reaching 613.4 billion yuan [10].