上 市 公 司 建筑材料 2025 年 10 月 23 日 中国巨石 (600176) ——盈利延续修复，复价成果进一步夯实 报告原因：有业绩公布需要点评 买入（维持） | 市场数据： | 2025 年 10 月 22 日 | | --- | --- | | 收盘价（元） | 15.50 | | 一年内最高/最低（元） | 17.58/10.46 | | 市净率 | 2.0 | | 股息率%（分红/股价） | 2.65 | | 流通 A 股市值（百万元） | 62,049 | | 上证指数/深证成指 | 3,913.76/12,996.61 | | 注："股息率"以最近一年已公布分红计算 | | | 基础数据: | 2025 年 09 月 30 日 | | --- | --- | | 每股净资产（元） | 7.90 | | 资产负债率% | 39.40 | | 总股本/流通 A 股（百万） | 4,003/4,003 | | 流通 B 股/H 股（百万） | -/- | 一年内股价与大盘对比走势： 10-22 11-22 12-22 01-22 02-22 03-22 04-22 05-22 06-22 07 ...

Core Viewpoint - Zijin Mining (601899) reported significant growth in both revenue and net profit for Q3 2025, driven by enhanced production management and strategic investments [1] Financial Performance - Q3 revenue reached 86.489 billion yuan, an increase of 8.14% year-on-year [1] - Q3 net profit was 17.056 billion yuan, reflecting a substantial growth of 52.25% year-on-year [1] - For the first three quarters, total revenue amounted to 254.2 billion yuan, up 10.33% year-on-year [1] - Net profit for the first three quarters was 45.701 billion yuan, showing a growth of 53.99% year-on-year [1] Production and Operational Efficiency - The company achieved a 20% year-on-year increase in gold production and a 5% increase in copper production [1] - Enhanced production organization and operational management contributed to the rapid release of production capacity [1] - The company effectively capitalized on rising metal prices, maximizing production and sales to benefit from price increases [1]