Zhaojin Mining Posts Strong Interim Profit But Withholds Dividend
I'm LongbridgeAI, I can summarize articles.Zhaojin Mining reported strong H1 2026 results, with revenue up 29.38% to RMB9.02 billion and net profit rising 18.50% to RMB2.11 billion. Despite the earnings growth, the board withheld interim dividends to retain cash for business needs. Analysts maintain a 'Buy' rating with a HK$55 target.
The latest update is out from Zhaojin Mining Industry Co ( (HK:1818) ).
Zhaojin Mining Industry reported a strong set of unaudited interim results for the six months ended 30 June 2026, prepared under HKAS 34 and reviewed by its audit committee. Revenue rose 29.38% year-on-year to about RMB9.02 billion, driven by higher gross profit of RMB4.35 billion, while net profit increased 18.50% to approximately RMB2.11 billion.
Profit attributable to owners of the parent climbed 9.61% to around RMB1.58 billion, lifting basic and diluted earnings per share to RMB0.42, up 10.75% from a year earlier. Despite the earnings growth and improved profitability, the board decided not to recommend an interim dividend, indicating a preference to retain cash within the business, which may signal continued investment needs and could shape expectations for shareholders and the company’s capital allocation strategy.
The most recent analyst rating on (HK:1818) stock is a Buy
with a HK$55.00 price target.
To see the full list of analyst forecasts on Zhaojin Mining Industry Co stock,
see the HK:1818 Stock Forecast page.
More about Zhaojin Mining Industry Co
Zhaojin Mining Industry Company Limited is a joint stock company incorporated in the People’s Republic of China and listed in Hong Kong. The group operates in the mining sector, with a core focus on gold and related mineral extraction and processing, serving domestic and international markets through its network of subsidiaries.
The company’s shares trade under stock code 1818 on the Hong Kong Stock Exchange, positioning it among China’s leading precious metals producers. Its operations span exploration, production and sales, and its financial reporting follows Hong Kong Accounting Standards, reflecting a cross-border investor base.
YTD Price Performance: -16.54%
Average Trading Volume: 20,116,372
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$90.4B
For a thorough assessment of 1818 stock, go to TipRanks’ Stock Analysis page.