Core Viewpoint - Zijin Mining's stock price increased by over 5% during trading, reflecting positive market sentiment following the release of its interim results for the six months ending June 30, 2025, which showed significant revenue and profit growth [2] Financial Performance - The company reported operating revenue of RMB 167.71 billion, a year-on-year increase of 11.5% [2] - Net profit attributable to shareholders reached RMB 23.29 billion, marking a 54.41% increase compared to the previous year [2] - Basic earnings per share were RMB 0.877, with a proposed cash dividend of RMB 2.2 per 10 shares (tax included) [2] Production Metrics - The production of copper reached 570,000 tons, up 9% year-on-year [2] - Gold production was 41 tons, reflecting a 16% increase [2] - Silver production totaled 224 tons, a 6% increase [2] - Zinc (lead) production was 200,000 tons, and lithium carbonate equivalent production was 7,315 tons [2] Profitability and Cost Management - The overall gross profit margin for mineral products increased by 3 percentage points to 60.23% year-on-year, attributed to rising prices and cost optimization [2] - HSBC Global Research noted that the company expects annual cost increases for copper and gold to be controlled between 5% and 8% [2] - The management believes there is potential for cost reductions in the Akyem gold mine in Ghana and the Zijin Gold project in Xinjiang [2] Future Outlook - HSBC maintains a positive outlook on Zijin Mining, anticipating stable production and profit growth [2] - The gold business's gross profit contribution is expected to increase with rising sales and potential price surges due to interest rate cuts [2]