Zhi Tong Cai Jing·2025-09-01 10:10Core Viewpoint - The report from CICC indicates that Zijin Mining's mid-term performance meets expectations, with significant revenue and profit growth in the first half of the year [1] Financial Performance - Zijin Mining achieved operating revenue of 167.71 billion RMB, representing a year-on-year increase of 11.5% [1] - The net profit attributable to shareholders reached 23.29 billion RMB, showing a year-on-year growth of 54.41% [1] Future Outlook - CICC forecasts a systematic increase in the company's copper, gold, and lithium production in the long term, leading to accelerated performance release [1] - The net profit forecasts for the next two years have been raised by 9% and 22%, reaching 45.8 billion RMB and 54.8 billion RMB respectively [1] Stock Ratings and Price Targets - CICC maintains a "outperform" rating for Zijin Mining's A-shares and H-shares [1] - The target price for A-shares has been increased by 26.1% to 29 RMB, while the target price for H-shares has been raised by 40.1% to 30 HKD [1]