Ge Long Hui A P P·2025-10-23 02:52Core Insights - Zhongjin Company reported that Zijin Mining's revenue for the first three quarters of this year reached 254.2 billion yuan, an increase of 10.33% year-on-year [1] - The net profit attributable to shareholders was 37.864 billion yuan, up 55.45% year-on-year [1] - In the third quarter alone, revenue was 86.489 billion yuan, a quarter-on-quarter decrease of 2.58%, while net profit attributable to shareholders was 14.572 billion yuan, a quarter-on-quarter increase of 11.02%, exceeding market expectations due to better-than-expected non-operating income [1] Financial Forecast Adjustments - Based on the better-than-expected non-operating income in the third quarter and rising copper and gold prices, the company has raised its net profit forecasts for 2025 and 2026 by 11.2% and 18.8%, respectively, to 50.91 billion yuan and 65.09 billion yuan [1] - The rating of "outperforming the industry" is maintained, with the target price for H-shares increased by 33% to 40 HKD and the target price for A-shares raised by 31% to 38 yuan [1]