Zijin Mining(HK:02899) 智通财经网·2025-12-31 04:41Market Overview - The Hong Kong stock market closed with a slight decline, with the Hang Seng Index down 0.87% to 25,630.54 points, and a total trading volume of HKD 118.97 billion. The Hang Seng China Enterprises Index fell 0.86%, while the Hang Seng Tech Index dropped 1.12% [1] - For the year 2025, the Hang Seng Index recorded a cumulative increase of 27.77%, marking its best performance since 2017, while the China Enterprises Index and Tech Index rose by 22.27% and 23.45%, respectively [1] - Looking ahead to 2026, it is expected that under a backdrop of loose monetary policy, foreign and southbound capital will continue to flow into the market, potentially leading to a substantial increase in the profitability of Hong Kong-listed companies [1] Blue-Chip Stocks Performance - Baidu Group-SW (09888) rose 1.39% to HKD 131.5, contributing 3.55 points to the Hang Seng Index, driven by growth in its AI business [2] - Other blue-chip stocks included Sunny Optical Technology (02382) up 1.16%, Zijin Mining (02899) up 0.85%, while Innovent Biologics (01801) fell 3.66% and New Oriental-S (09901) dropped 2.49% [2] Sector Highlights - Major technology stocks mostly declined, with Alibaba down over 1% and Tencent down 0.17%, while Baidu saw an increase [3] - The airline sector saw a collective rise, with China Eastern Airlines (00670) up 4.92%, China Southern Airlines (01055) up 4.3%, and Air China (00753) up 3.36%, attributed to increased travel demand during the New Year holiday [4] - The film industry remained active, with the total box office for the New Year season surpassing HKD 5 billion, marking a new high for the past eight years [3] Mining Sector - Zijin Mining Group reported a projected net profit of USD 1.5-1.6 billion for 2025, a year-on-year increase of approximately 212%-233%, while Zijin Mining expects a net profit of CNY 51-52 billion, up 59%-62% year-on-year [5] - Zijin Mining's production targets for 2026 include 105 tons of gold and 120,000 tons of copper, indicating a strong growth trajectory [5] Automotive Sector - The automotive sector showed mixed results, with Great Wall Motors (02333) up 3.24% and GAC Group (02238) up 0.74%, while Li Auto-W (02015) fell 1.44% [6] - New policies for 2026 regarding vehicle subsidies have been announced, which may stabilize consumer expectations for car purchases [6] Notable Stock Movements - In the AI-driven pharmaceutical sector, Insilico Medicine (03696) surged 23.88% to HKD 37.14, reflecting its advancements in drug discovery [7] - Delin Holdings (01709) rose 9.68% to HKD 2.04 after announcing conditional approval for virtual asset trading services [8] - Jiangxi Copper (00358) reached a new high, up 5.36% to HKD 42.88, supported by rising copper prices [9] - KANAT Optical (02276) increased by 4.25% to HKD 54, benefiting from new policies supporting digital and smart products [10]