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Zijin Mining Group (2899) investor relations material
Zijin Mining Group Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Operating income for Q1 2026 reached RMB98.5 billion, up 24.79% year-over-year, with net profit attributable to owners at RMB20.1 billion, a 97.5% increase year-over-year.
Core financial indicators hit record highs, driven by increased production and higher metal prices.
Significant growth in mine-produced gold (up 23%) and lithium carbonate (up over 10x), while copper output declined due to lower production at Kamoa-Kakula.
Financial highlights
Net profit for Q1 2026 was RMB25.17 billion, up 101.9% year-over-year.
Net cash flows from operating activities rose 122.15% to RMB27.83 billion.
Basic earnings per share increased to RMB0.755 from RMB0.383 year-over-year.
Weighted average return on net assets improved to 10.35% from 7.12% year-over-year.
Total assets grew to RMB549.92 billion, up 7.41% from year-end 2025.
Outlook and guidance
Lithium segment expected to become a new core profit engine, targeting 120,000 tonnes of lithium carbonate equivalent in 2026 and 270,000–320,000 tonnes by 2028.
Manono Northeast Lithium Project to commence production in June 2026.
- Net profit attributable to owners soared 62% on record output, major acquisitions, and strong cash flow.2899
Q4 202522 Mar 2026 - Net profit rose 55% to RMB28.6B, with net profit attributable to owners up 54.41% to RMB23.29B.2899
Q2 202512 Dec 2025 - Net profit attributable to owners surged 55.45% year-over-year to RMB37.86 billion.2899
Q3 202512 Dec 2025 - Net profit rose 51.8% to RMB32.05 billion on record revenue and strong project execution.2899
Q4 202412 Dec 2025 - Net profit attributable to owners surged 46.4% YoY to RMB15.1 billion on strong mining margins.2899
Q2 202412 Dec 2025 - Net profit attributable to owners jumped 50.68% year-over-year on higher output and margins.2899
Q3 202413 Jun 2025 - Net profit surged 62% year-over-year on higher gold and copper output and strong metal prices.2899
Q1 20256 Jun 2025
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