Zijin Mining Group Company Limited, together with its subsidiaries, engages in exploration and extraction of metals in Mainland China and internationally. The company offers copper, gold, zinc concentrate, lead concentrate, silver, lithium, iron concentrate, tungsten concentrate, and molybdenum concentrate; smelted copper, smelted and processed gold and silver, smelted zinc ingots, sulfuric acid, and battery -grade lithium carbonate; and copper pipes, copper plates and strips, potassium gold cyanide, and other products. It is also involved in mineral resource exploration; gold and copper mining and beneficiation; gold and copper smelting ; sales of jewelry and mineral products; investment in the mining industry; foreign trade; open-pit mining of copper and gold mines and underground mining of copper mines; manufacturing of special equipment for environmental protection; air pollution control; water pollution control; solid waste treatment; waste incineration power generation and hazardous waste disposal; and other services. The company holds 100% interest in the Shapinggou Molybdenum mine in Jinzhai County, Anhui Province. The company was formerly known as Fujian Zijin Mining Industry Company Limited and changed its name to Zijin Mining Group Company Limited in June 2004. Zijin Mining Group Company Limited was founded in 1986 and is headquartered in Longyan, the People's Republic of China.
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Shanghai Composite Closes Up 23.08 Points Amid Hopes for Economic Support Measures
China's Shanghai Composite stock index closed higher today (Aug. 26), rising 23.08 points, or 0.59%, to 3,912.52 points. Investors are watching the meeting of the Standing Committee of the National People's Congress (NPC), held from Aug. 25-28, amid hopes that the meeting will introduce policies to support the economy, following earlier weak economic data from Chinese authorities. Stocks that rose include Zijin Mining Group, up 2.35%; SMIC, up 3.46%; Luxshare Precision Industry, up 4.10%; and Sungrow Power Supply, up 2.76%. Additionally, China Merchants Bank issued a 3-year floating-rate bond linked to the overnight bond repurchase rate, making it the first Chinese commercial bank to do so. This reflects the People's Bank of China's (PBOC) efforts to elevate the overnight repo rate as a key benchmark for short-term funding costs, aligning its monetary policy framework more closely with international standards.
Zhongmin Energy and Zijin Mining establish new energy company with battery manufacturing business
Fujian Hai'an Energy Company Limited was recently established, with business scope including research and development of emerging energy technologies, battery manufacturing, engineering and technical research and experimental development, as well as sales of hydrogen refueling and storage facilities for stations. According to equity penetration data from Qichacha, the company is jointly held by Fuda Zijin Hydrogen Energy Technology Company Limited, a subsidiary of Zijin Mining, and Zhongmin Energy, among others.
Jinlong Shares Plans to Transfer 20% Stake in Dongguan Securities; Multiple Companies Disclose Half-Year Reports
Between the evenings of August 21 and 23, several A-share companies disclosed major matters. Jinlong Shares is planning to transfer its 20% stake in Dongguan Securities, which is expected to constitute a major asset restructuring. Alled is planning to acquire no less than 51% equity in Huizhou Yuanbao Precision Hardware Die Casting through cash transfer and capital increase, also expected to constitute a major asset restructuring. ST Kangjia A will suspend trading from August 24 due to planning a major matter, expected to last no more than five trading days. Jiayuan Technology will be subject to other risk warnings from August 25 because of false records in its prospectus and annual reports, with its abbreviation changed to ST Jiayuan. Huayang Group's controlling shareholder Huayue Investment plans to transfer a 28.3% stake to Jiuzhou Group for 5.66 billion yuan, and the actual controller will change to the Mianyang State-owned Assets Supervision and Administration Commission. Seagull Housing's controlling shareholder Zhongyu Investment plans to transfer a combined 25.01% stake to Botai Chelian and Fuqing Yaohong, and the actual controller will change to Ying Zhenkai. In terms of performance, Zijin Mining's net profit in the first half of the year was 39.17 billion yuan, up 68.17% year on year. Zhongji Innolight's net profit was 13.651 billion yuan, up 241.7%. Yangtze Optical Fibre and Cable's net profit was 2.925 billion yuan, up 888.88%.
Zijin Mining's 2026 interim net profit reaches 39.17 billion yuan, up 68.17% year on year
Zijin Mining released its 2026 interim report, with net profit attributable to the parent company of 39.17 billion yuan, an increase of 15.878 billion yuan from the same period last year, up 68.17% year on year, marking three consecutive years of growth. The company's total operating revenue was 194.178 billion yuan, up 15.78% year on year, achieving five consecutive years of growth. Net cash inflow from operating activities was 55.472 billion yuan, up 92.41% year on year. The latest gross margin was 37.75%, an increase of 14.00 percentage points from the same period last year, achieving twelve consecutive quarters of growth. The latest return on equity was 19.03%, an increase of 2.64 percentage points from the same period last year. The company's diluted earnings per share was 1.47 yuan, up 67.96% year on year.
Zijin Mining first-half net profit 39.2 billion yuan, up 68% year on year; proposes 4.2 yuan dividend per 10 shares
Zijin Mining released its 2026 semi-annual report. In the first half, it achieved operating revenue of 194.178 billion yuan, up 15.78% year on year, and net profit attributable to shareholders of the listed company of 39.17 billion yuan, up 68.17% year on year. During the reporting period, the company produced 47 tonnes of mined gold, up 13% year on year, and 534,000 tonnes of mined copper, up 5% year on year after excluding the Kamoa impact. It produced 200,000 tonnes of mined zinc and lead, and 229 tonnes of mined silver. The lithium segment produced 44,000 tonnes of lithium carbonate equivalent, a significant year-on-year increase. The company plans to distribute a cash dividend of 4.2 yuan per 10 shares, tax included.
Multiple companies on the Shanghai and Shenzhen stock exchanges disclose semi-annual reports and major matters
On the evening of August 21, multiple listed companies on the Shanghai and Shenzhen stock exchanges issued announcements. Among them, the IPO review status of Yangtze Memory Technologies Co., Ltd. on the STAR Market was changed to accepted, with a planned fundraising amount of 33 billion yuan. Zhongji Innolight reported semi-annual net profit attributable to the parent of 13.651 billion yuan, up 241.7 percent year on year, and plans to distribute 12 yuan per 10 shares. Yangtze Optical Fibre and Cable reported semi-annual net profit attributable to the parent of 2.925 billion yuan, up 888.88 percent year on year, and plans to distribute 10.6 yuan per 10 shares. Dongshan Precision Manufacturing reported semi-annual net profit attributable to the parent of 2.957 billion yuan, up 290.09 percent year on year. Zijin Mining Group reported semi-annual net profit attributable to the parent of 39.17 billion yuan, up 68.17 percent year on year, and plans to distribute 4.2 yuan per 10 shares. Sea Gull Housing's controlling shareholder Zhongyu Investment plans to transfer 20 percent of the company's shares to Botai Chelian, and 5.01 percent of the shares to Fuqing Yaohong. The company's controlling shareholder will change to Botai Chelian, and the actual controller will change to Ying Zhenkai. Trading in the shares will resume on August 24. Zoneco Group plans to list and transfer an 18 percent stake in Amur Company with a reserve price of 108 million yuan. Dosilicon plans to invest 682 million yuan to build a storage-computing integrated chip research and development project. In addition, Guolian Minsheng President Ge Xiaobo resigned, and Wang Jinling will act as president. Harbin Investment and Longjian Road and Bridge also saw changes in their board secretaries.
DRC Export Ban Sparks Nonferrous Metals Rally, Analysts See Limited Lasting Impact
The Democratic Republic of Congo's export ban has ignited a rally in China's nonferrous metals sector, with cobalt and copper stocks surging across the board. On August 7, Hanrui Cobalt jumped 8.53%, Tengyuan Cobalt rose 5.86%, and Huayou Cobalt gained 6.30%; Jiangxi Copper climbed 7.20%, and Tongling Nonferrous Metals advanced 5.94%. The move follows the DRC government's order to ban exports of copper and cobalt concentrates, aiming to promote domestic downstream processing. Institutions broadly view this as more of a sentiment shock than a fundamental one. Funeng Futures noted the ban is a reiteration and tightening of existing controls, while Fubao Nonferrous Metals' copper analysis team pointed out that most copper concentrates are already refined domestically, with limited actual export volumes. Listed companies including Zijin Mining, CMOC Group, Huayou Cobalt, and Hanrui Cobalt all responded that the ban has limited impact on their operations, as their products are mostly blister copper, cathode copper, or cobalt hydroxide, not concentrates. Meanwhile, copper market supply disruptions remain frequent. LME copper inventories fell 24.11% month-on-month in July, while COMEX copper stocks continued to hit record highs. Goldman Sachs expects the copper supply deficit outside the US to surge from 60,000 tonnes to 640,000 tonnes, and Citigroup forecasts London copper could challenge 15,000 dollars per tonne in the next six to twelve months.
Shanghai Composite closes up 21.92 points, lifted by gold mining stock buying
The Shanghai Composite Index closed higher today at 3,900.35 points, up 21.92 points or 0.57 percent, supported by a surge in gold mining stocks which rallied in line with spot gold prices amid a weaker US dollar and lower bond yields. Shandong Gold Mining jumped 3.49 percent, Zhongjin Gold surged 3.55 percent, and Zijin Mining Group rose 1.17 percent. Meanwhile, artificial intelligence and semiconductor stocks were sold for profit, with SMIC falling 1.04 percent. Investors are watching key Chinese economic data this week, including July trade figures due tomorrow and July consumer and producer price indexes on Sunday.
Stock Calendar 5 August 2026: PTL Tender Offer for 900 Million Shares, SCC XD at 3.50 Baht
The securities calendar for 5 August 2026 indicates that PTL is in the process of a tender offer for 900 million shares at 15 baht per share, running from 30 June to 5 August. On the same day, several securities carry the XD sign, including BAREIT at an initial rate of 0.20 baht per unit, LENOVO13 at an initial rate of 0.0695568 baht per unit, PROSPECT at 0.0705 baht per share, and SCC at 3.50 baht per share. Additionally, PROSPECT also carries the XR sign at a ratio of 1 existing share to 0.3822 new shares, while TAIWANAI13, TAIWANHD13, and ZIJIN13 are scheduled to pay dividends on the same day.
Precious metals stocks slide intraday; analysts say gold price headwinds may ease marginally, recommend adding on dips
On August 3, the precious metals sector fell 3.03% intraday, with Chifeng Gold, Xiaocheng Technology, Western Gold, Shanjin International, and Zijin Mining broadly lower. A Changjiang Securities research note pointed out that in the first half of 2026, precious metals were weighed down by both the US-Iran conflict and hawkish rate-hike expectations, with gold prices experiencing three liquidity shocks and briefly dipping below $4,000 in late June. Currently, these two major headwinds are easing marginally: geopolitical impacts are moderating, and oil prices and inflation are retreating. Looking ahead to the second half, the People's Bank of China's de-dollarization gold purchases remain intact, and demand support will gradually return. Moreover, rate-hike expectations have reached an extreme, and high interest rates are eroding fiscal sustainability. Once the 10-year US Treasury yield enters the 4% to 5% high range, the relationship between interest rates and gold is likely to shift from negative to positive correlation, meaning rate hikes are not necessarily bearish for gold. Overall, the firm maintains a medium-term bullish view and recommends actively adding positions on pullbacks. A Shanghai Securities research note also noted that against the backdrop of de-dollarization, emerging market central banks may further increase gold reserves, providing long-term demand support for gold prices. In the second half, moderating geopolitical impacts and retreating inflation are expected to ease liquidity constraints, shifting the sector toward fundamentals-driven performance.
Tinavi Medical Plans to Acquire 62% Stake in Shanghai Orthopaedics, Constituting a Major Asset Restructuring; Trading to Resume Tomorrow
Tinavi Medical announced plans to acquire a 62% stake in Shanghai Orthopaedics, expected to constitute a major asset restructuring, with trading in its shares to resume tomorrow. Yongding Co.'s controlling subsidiary has received purchase orders for high-power laser chip products worth approximately 1.133 billion yuan over the past month. Xingyun Technology's wholly-owned subsidiary has signed a supplementary agreement for computing power services, increasing the contract value to 3.053 billion yuan, up 201.14% from the original agreement. Jiayun Technology shareholder Ruineng Co. plans to acquire an 18.31% stake through a negotiated transfer, and trading in the shares will resume. Lianchuang Electronics' controlling shareholder is set to change to Shouxian Xinqiao, and trading in the shares will resume. GigaDevice Chairman Zhu Yiming has proposed a buyback of A-shares worth between 1 billion and 2 billion yuan for cancellation, and plans to increase his holdings by no less than 1 billion yuan. Sinosun Technology is planning a change of control, and trading in its shares has been suspended. Zijin Mining's controlling subsidiary has terminated its acquisition of Union Gold and plans to subscribe for a 9.2% stake in the company. Huawen Media has had its delisting risk warning removed but will continue to be subject to other risk warnings, with its stock abbreviation changed to ST Huawen. Hailiang Co.'s controlling shareholder has received a commitment letter for an 860 million yuan shareholding increase loan. Huajin Co. Vice General Manager Yan Zenghui has been placed under investigation and subjected to detention measures. Hengrui Medicine's insulin degludec injection has been approved for marketing for the treatment of type 2 diabetes in adults, making it the first domestically developed long-acting insulin analogue in China.
Shanghai Main Board Blue Chips Buck the Trend as Earnings Certainty and Stable Dividends Become a Safe Haven
Recently, blue chips on the Shanghai Stock Exchange main board have bucked the trend and strengthened. China Construction Bank hit an all-time high of 10.73 yuan during trading, while China Merchants Bank's market value returned to the 1 trillion yuan mark. The Shenwan banking sector has risen 11.7% since July, topping all primary industries. Oil and gas, insurance, coal mining, and other blue-chip-heavy sub-sectors posted gains of over 10% over the same period, with PetroChina and Zijin Mining surging more than 20% within the month. The rally in blue chips has shifted to a dual driver of high dividend stability and earnings certainty. Among the 728 Shanghai main board companies that issued earnings forecasts, 66 companies in coal, petroleum and petrochemicals, and nonferrous metals expect to achieve net profits of 161.6 billion to 172.9 billion yuan, a year-on-year increase of 60% to 71%. At the same time, high dividends have become a ballast for capital seeking shelter. Since July, at least 12 Shanghai main board company chairmen or major shareholders have proposed interim profit distributions. Looking at 2025 dividends, 29 main board companies paid annual dividends exceeding 10 billion yuan. Among the 188 companies with cumulative annual dividends above 1 billion yuan, nearly 65% have a dividend yield above 3%. Analysts point out that this market driven by fundamental certainty is an important force for market stability.
A-Share Dividend Wave Hits Hard: 10.7 Billion Yuan in Cash Payouts Land in a Single Day
The A-share market, amid volatile adjustments, is seeing a concentrated wave of dividend distributions. On July 28 alone, 20 listed companies carried out ex-rights and dividend payments, distributing a total of approximately 10.7 billion yuan in cash. Among them, China Railway Construction paid out 4.074 billion yuan, Huayu Automotive Systems paid 3.153 billion yuan, and Huaneng Mengdian paid 1.724 billion yuan. Several brokerages, including Guolian Minsheng, Dongxing Securities, and Cinda Securities, also distributed dividends exceeding 100 million yuan each. Meanwhile, within the month, nine companies have disclosed their 2026 interim dividend plans, with total proposed payouts exceeding 25 billion yuan. Zijin Mining leads with a proposed payout of 11.136 billion yuan, while Hikvision and CATL plan to distribute 5.041 billion yuan and 6.493 billion yuan respectively. Most companies reported strong first-half earnings, with some posting significant net profit growth, providing support for the dividends. Additionally, Shanghai Airport's controlling shareholder has proposed raising the interim cash dividend payout ratio to around 55 percent, and Changchuan Technology is expected to carry out its first interim dividend since listing.
Precious metals concept strengthens, institutions see sector shifting to fundamentally driven upside
On July 22, the precious metals sector rose 3.34% intraday, with constituents such as Shanjin International, Chifeng Gold, and Zijin Mining all gaining over 5%. A research note from Changjiang Securities pointed out that as geopolitical influences ease and oil prices and inflation retreat, liquidity constraints will diminish, allowing the sector to shift from valuation contraction to a fundamentally driven upward channel, maintaining a medium-term bullish view. A Shanghai Securities research note stated that from 2020 to 2024, global gold mine production grew at a compound annual growth rate of 1.0%, while gold demand rose rapidly at a compound annual growth rate of 5.8%, reaching 148.1 million ounces in 2024, mainly driven by central bank reserve accumulation and investment demand. Against the backdrop of de-dollarization, emerging market central banks are expected to further increase gold reserves, and the precious metals industry cycle continues amid monetary policy fluctuations.
Ethiopia clears Zijin Mining's $4 billion acquisition of Allied Gold
Ethiopian regulators have approved Zijin Mining's $4 billion acquisition of Allied Gold, according to a Capital Ethiopia report citing unidentified sources. With this approval secured, the parties are expected to close the deal before the extended deadline of July 29. The transaction, valued at approximately C$5.5 billion or C$44 per share in cash, was agreed in January but faced delays partly due to opposition from China's National Development and Reform Commission, which questioned the premium and risks tied to Allied's gold mine in Mali. Allied Gold's ADRs edged 1% higher following the report.
Zijin Mining plans interim dividend of 4.20 yuan per 10 shares, totaling over 11.1 billion yuan
Zijin Mining has released its 2026 interim profit distribution plan, proposing a cash dividend of 4.20 yuan per 10 shares to all shareholders. Based on a total share capital of 26.513 billion shares, the total cash dividend is expected to be approximately 11.136 billion yuan. This plan exceeds the earlier board proposal of no less than 3.80 yuan per 10 shares. The company has been consistently enhancing shareholder returns in recent years, with a cash dividend of nearly 16 billion yuan for the 2025 fiscal year, accounting for 30.81 percent of net profit. It also plans for cumulative dividends from 2026 to 2028 to be no less than 35 percent of the total distributable profit over the three years in principle. On the performance front, the company expects a net profit attributable to shareholders of approximately 39.1 billion yuan for the first half of 2026, a year-on-year increase of 68 percent. Businesses including gold, copper, and lithium have seen both volume and price increases. The Manono lithium mine project commenced production ahead of schedule, and construction has begun on the Anhui Shapinggou molybdenum mine processing project.
Minimax to raise approximately HK$15.957 billion; Zijin Mining and TCL Electronics forecast sharp profit growth
Minimax has announced plans to raise a net total of approximately HK$15.957 billion through a private placement and issuance of convertible bonds. Around 80% of the proceeds will be used to strengthen AI infrastructure and model research and development, with 10% allocated to the global expansion of its AI agent Harness. Zijin Mining Group has indicated that its net profit for the interim results ending June 2026 is expected to be approximately 39.1 billion yuan, up 68% year-on-year. TCL Electronics has forecast that its adjusted net profit for the same period will be between HK$1.48 billion and HK$1.65 billion, representing a year-on-year increase of 40% to 56%.
Zijin Mining expects first-half 2026 net profit to rise 68% year-on-year
Zijin Mining announced that it expects net profit attributable to shareholders of the listed company for the first half of 2026 to be approximately 39.1 billion yuan, up 68% year-on-year. The change in performance is mainly due to a steady increase in the output of major mineral products, a significant year-on-year rise in product selling prices, and a substantial year-on-year increase in profits from rare and precious metals and other products. The company's net profit for the second quarter is expected to be 19.021 billion yuan, down about 5% quarter-on-quarter.
Zijin Mining expects first-half 2026 net profit attributable to shareholders of approximately 39.1 billion yuan, up about 68% year-on-year
Zijin Mining has released its first-half 2026 earnings forecast, expecting net profit attributable to shareholders of the listed company of approximately 39.1 billion yuan, an increase of about 15.8 billion yuan year-on-year, representing a rise of roughly 68%. The profit growth is mainly due to a steady increase in the output of major mineral products, a significant year-on-year rise in product selling prices, and a substantial year-on-year increase in profits from products such as rare and precious metals.
Precious metals sector rallies as industry enters a new phase driven by policy and reserves
The precious metals sector rose 4.84% during the session, with Shanjin International up 9.31%, Zhaojin Gold up 9.04%, Chifeng Gold up 7.08%, Zijin Mining up 5.32%, and Xiaocheng Technology up 5.05%. Several major state-owned and joint-stock banks announced they will discontinue their agency personal precious metals trading business with the Shanghai Gold Exchange in July. Industry insiders view this as banks proactively managing risk to guard against customer default and reputational risks under extreme market conditions. A research note from Huatai Securities points out that the precious metals industry's prosperity remains at a high level in 2026, with first-quarter net profit attributable to the parent company surging 109.39% year-on-year and 75.25% quarter-on-quarter. COMEX gold and silver prices rose 63.31% and 157.16% year-on-year respectively in the first quarter of 2026. The industry is gradually shifting from being event-driven to a new phase driven by both policy and reserves. The note suggests focusing on leading gold companies with resource endowment advantages and clear capacity release certainty.