Gold business revenue accounts for over 40%, Zijin Mining (601899.SH) 2025 net profit attributable to parent company increases 61.55% to 51.777 billion yuan

Zijin Mining (601899.SH) released its 2025 annual report, with operating revenue of 349.079 billion yuan, a year-on-year increase of 14.96%. Net profit attributable to shareholders of the listed company was 51.777 billion yuan, up 61.55%. Net profit attributable to shareholders after deducting non-recurring gains and losses was 50.724 billion yuan, an increase of 60.05%. Basic earnings per share were 1.95 yuan. Additionally, the company plans to distribute a cash dividend of 3.8 yuan (tax included) for every 10 shares to all shareholders.

Currently, the company’s total resource reserves include over 4,600 tons of gold, approximately 110 million tons of copper, over 12 million tons of zinc (lead), and over 18 million tons of lithium carbonate equivalent. During the reporting period, the company’s mines produced 89,544 kilograms of gold (2,878,919 ounces), an increase of 22.77% year-on-year (previous year: 72,938 kilograms); smelting, processing, and trading produced 163,311 kilograms of gold (5,250,580 ounces), a decrease of 28.60% year-on-year (previous year: 228,725 kilograms). According to data from the China Gold Association, China produced 381 tons of gold from mines in 2025, accounting for about 23% of the country’s total gold production. Gold sales revenue accounted for 44.43% of operating revenue during the reporting period (net of offsets), and gross profit from gold accounted for 40.89% of the group’s gross profit.

During the reporting period, the company’s mine-produced copper was 1,085,126 tons, a year-on-year increase of 1.56% (previous year: 1,068,455 tons); smelted copper was 697,588 tons, a decrease of 6.69% year-on-year (previous year: 747,570 tons). The company’s zinc concentrate contained 357,453 tons of zinc, down 12.19% year-on-year (previous year: 407,077 tons); zinc ingots produced by smelting were 397,679 tons, up 7.17% year-on-year (previous year: 371,057 tons). The lead concentrate contained 41,065 tons of lead, down 7.51% year-on-year (previous year: 44,397 tons).

In the new energy sector, the company continues to develop mining wind and solar green power projects, transforms its mining equipment energy structure from “oil to electricity and gas,” actively absorbs renewable energy from the grid at project sites, and participates in green certificate trading. During the reporting period, the company used 6.341 billion kWh of clean energy, accounting for 54.43% of total annual electricity consumption. The installed capacity of clean energy exceeded 1,000 MW, with an associated clean electricity generation of 952.46 GWh, an increase of 69% year-on-year.