Zhi Tong Cai Jing·2026-01-06 02:28Core Viewpoint - Zijin Mining (601899)(02899) has seen a nearly 6% increase in stock price, reaching a historical high of 38.78 HKD, following the announcement of a positive annual earnings forecast [1] Financial Performance - Zijin Mining expects to achieve a net profit attributable to shareholders of 51 to 52 billion CNY for the year, an increase of approximately 18.9 to 19.9 billion CNY compared to the previous year's profit of 32.051 billion CNY, representing a year-on-year growth of about 59% to 62% [1] Production and Sales Outlook - The company anticipates comprehensive growth in the production of its main mineral products by 2025, alongside a year-on-year increase in sales prices for gold, copper, and silver, creating a dual benefit [1] - Zijin Mining has made a significant leap in its lithium carbonate business, moving from "sporadic production" to "scale production" [1] Management Transition - Citigroup released a report noting that the founder and chairman of Zijin Mining, Chen Jinghe, has officially retired. Although he will continue to serve as a senior advisor and honorary chairman, some investors appear concerned and have opted to take profits [1] - Citigroup believes these concerns are misplaced, as Chen Jinghe views this as an appropriate time to transfer management authority to the management team, marking a necessary shift from a "founder-driven" to a "mechanism-driven" model for Zijin Mining [1]