Core Viewpoint - Zijin Mining (02899) expects a significant increase in net profit for the fiscal year 2025, projecting a net profit attributable to shareholders of approximately RMB 51-52 billion, which represents a year-on-year increase of about 59%-62% compared to RMB 32.051 billion in the previous year [1] Financial Performance - The expected net profit for 2025, excluding non-recurring gains and losses, is projected to be around RMB 47.5-48.5 billion, an increase of approximately 50%-53% compared to RMB 31.693 billion in the previous year [1] - The main reasons for the performance increase include a rise in the production of key mineral products, with gold production expected to be about 90 tons (up from 73 tons in 2024), copper production (including Kamoa's equity output) around 1.09 million tons (up from 1.07 million tons in 2024), silver production approximately 437 tons (up from 436 tons in 2024), and lithium carbonate equivalent production (including Zangge Mining's output from December) around 25,000 tons (up from 261 tons in 2024) [1] Sales and Pricing - The sales prices of gold, copper, and silver are expected to rise year-on-year, contributing to the overall profit increase [1] Future Production Plans - The company has outlined its production plans for 2026, targeting gold production of 105 tons, copper production of 1.2 million tons, lithium carbonate equivalent production of 120,000 tons, and silver production of 520 tons [1]
紫金矿业(02899)预计2025年度归母净利润约510亿—520亿元,同比增加约59%—62%