Mei Ri Jing Ji Xin Wen·2025-10-17 14:55Core Viewpoint - Zijin Mining has demonstrated significant performance growth in the first three quarters of 2025, driven by increased production of key minerals such as gold and copper, with the gold segment becoming a crucial profit driver for the company [1][4]. Financial Performance - For the first three quarters of 2025, Zijin Mining reported a total revenue of 254.2 billion yuan, reflecting a year-on-year increase of 10.33% [2]. - The net profit attributable to shareholders reached 37.864 billion yuan, marking a substantial year-on-year growth of 55.45% from 24.357 billion yuan in the same period of 2024 [2]. - The weighted average return on equity increased to 25.45%, up by 5.23 percentage points year-on-year [2]. - The net cash flow from operating activities was 52.107 billion yuan, showing a significant year-on-year increase of 44.31% [2]. Profitability - The overall gross margin for the company improved to 24.93%, an increase of 5.40 percentage points year-on-year [3]. - The gross margin for mining operations reached 60.62%, up by 2.91 percentage points year-on-year [3]. Strategic Developments - Zijin Mining has successfully completed several major strategic acquisitions, including the control of the Akyem Gold Mine in Ghana and the acquisition of various other mining projects, enhancing its resource reserves in gold, copper, lithium, and molybdenum [3]. Gold Segment Performance - The gold business segment has emerged as a key profit engine, with gold production reaching 65 tons in the first three quarters of 2025, a year-on-year increase of 20% [4]. - In the third quarter alone, gold production was 24 tons, a 7% increase compared to the second quarter [4]. - The gold segment contributed over 10 billion yuan in net profit, with the newly listed Zijin Gold International achieving a net profit of approximately 6.484 billion yuan from 32 tons of gold produced [4]. IPO Achievement - Zijin Gold International successfully listed on the Hong Kong Stock Exchange on September 30, 2025, raising approximately 28.7 billion HKD, setting multiple records for the largest IPO in the gold mining sector globally and the largest overseas IPO by a Chinese mining company [5].