Zhongjin Gold Corp. (600489) Q4 2025 earnings summary

Executive summary

• Achieved record revenue of ¥79.07 billion in 2025, up 20.62% year-over-year, with net profit attributable to shareholders rising 45.71% to ¥4.93 billion.

• Profit growth driven by higher gold prices, stable sales volumes, and improved cost control in mining operations.

• Major investments in resource exploration and project construction, with significant progress in key mining projects.

• Maintained strong corporate governance, enhanced ESG performance, and continued social responsibility initiatives.

Financial highlights

• Operating income: ¥79.07 billion (+20.62% YoY); net profit: ¥4.93 billion (+45.71% YoY).

• Gross margin improved to 16.71%; basic and diluted EPS: ¥1.02 (+45.71% YoY).

• Net assets attributable to shareholders: ¥30.33 billion (+10.71% YoY); total assets: ¥62.55 billion (+12.42% YoY).

• Operating cash flow: ¥8.38 billion (+6.15% YoY); R&D investment: ¥651 million.

• Proposed cash dividend: ¥4.58 per 10 shares, total payout ¥2.22 billion (45% payout ratio).

Outlook and guidance

• 2026 production targets: 18.72 tons mined gold, 37.12 tons refined gold, 7.65 million tons mined copper, 39.79 million tons electrolytic copper.

• Focus on resource acquisition, cost control, digital transformation, and ESG integration.

• Continued investment in exploration, project construction, and technological innovation.