Zijin Mining Group has reported a net profit attributable to shareholders of RMB 23.3 billion (US$3.25 billion) for the first half of 2025, marking a 54.4% increase compared to the same period last year. The company’s revenue rose by 11.5% to RMB 167.7 billion, driven by strong metal prices and increased commodity production.
The company’s performance in the capital market was notable, with its A-share and H-share prices rising by about 31% and 44%, respectively, since the end of 2024. Zijin’s A-share was the top performer among all constituents of the Shanghai Stock Exchange (SSE) 50 Index, while its H-share price surpassed its A-share price. As of the interim report disclosure date, Zijin’s total market capitalization reached RMB 596.2 billion, ranking it as the 21st largest among all A-share listed companies.
Zijin attributes its growth to higher production volumes and improved operational efficiency across its business segments. In copper mining, recent commissioning of three major mines has positioned Zijin among leading global producers; mine copper output exceeded one million tonnes, with 570,000 tonnes produced in the first half of this year—a more than 9% increase from last year. Expansion projects are progressing as planned: Phase II expansion at Julong Copper Mine in Xizang is expected online by year-end; construction is nearly complete on Africa’s largest copper smelter at Kamoa-Kakula, which will have an annual capacity of 500,000 tonnes of anode copper; and work continues at other sites including Čukaru Peki Copper Mine in Serbia and Tongshan Copper Mine in Heilongjiang.
In gold mining, Zijin increased mined gold output by 16% year-on-year to reach 41 tonnes during the first half of this year. The company reports that efficiency improvements are underway at Ghana’s Akyem Gold Mine and expansions are ongoing at South American operations such as Rosebel Gold Mines in Suriname and Buriticá Gold Mine in Colombia. Development is also advancing at Haiyu Gold Mine in Shandong.
Overall gross profit margin for mineral products rose by three percentage points from last year to reach just over 60%. Mined gold now accounts for roughly equal shares of gross profit alongside copper.
Zijin continued efforts to optimize its asset portfolio through acquisitions during this period. The company completed acquisition deals for producing gold mines overseas—including finalizing purchase of Ghana’s Akyem Gold Mine and signing an agreement for Kazakhstan’s Raygorodok Gold Mine—securing new positions in West Africa and Central Asia.
Domestically, Zijin acquired controlling interest in Zangge Mining—its largest-ever acquisition—and began implementing corporate governance reforms within Zangge soon after closing.
To further develop its international gold business amid favorable market conditions, Zijin established Zijin Gold International as a separate listed platform for overseas assets; a spin-off application was submitted to the Hong Kong Stock Exchange within three months of initiation.
Regarding shareholder returns, Zijin paid out more than RMB 10 billion in dividends last year—the first time it surpassed this threshold—and ranked thirty-eighth among A-Share listed companies for dividend payouts. For interim results this year, an authorized dividend payout totaling RMB 5.85 billion has been approved.
“While focused on driving long-term value, the company remains committed to rewarding shareholders by sharing the fruits of its growth,” according to Zijin Mining Group’s statement.
