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Zijin Mining Reports Significant Q1 2026 Growth

Zijin Mining Plans to Expand Peru's La Arena Mine

Zijin Mining's Acquisition of Allied Gold Regulatory Approval Progressing, Targeted for Completion by May 29

Goldman Sachs Maintains Buy Rating on Zijin Mining, Adjusts Target Price

BOC International Cuts Zijin Mining Target Price to HKD 46.84

Goldman Sachs Maintains Buy Rating on Zijin Mining

JPMorgan 发表研究报告分析 Zijin Mining 业绩和评级

DBS Analyst Maintains Buy Rating on Zijin Mining

Company Sees Significant Growth in Core Financial Indicators and Improved Performance

Zijin Mining released FY2026 Q1 earnings on April 21 After-Market (BJT), actual revenue HKD 111.67 B (forecast HKD 127.09 B), actual EPS HKD 0.8344 (forecast HKD 0.9176)

Zijin Mining Completes RMB 2.5 Billion A-share Repurchase Program

ZIJIN MINING to Release FY2026 Q1 Earnings on April 21 After-Market (BJT), Forecast Revenue HKD 127.05 B, EPS HKD 0.9176

Zijin Mining repurchased 4.7 million A-shares

Zijin Mining Repurchased 5 Million A-Shares

Goldman Sachs Raises China Aluminum's Rating and Target Price

Zijin Mining repurchased 3.1 million A-shares for 101 million yuan

Zijin Mining repurchased 53.03 million shares in March

Zijin Mining Discloses Share Repurchase of 1.91 Million Shares on April 2

Huansan Securities Shows Optimism on Zijin Mining's 2025 Performance, Predicts Significant Increase in Gold and Strategic Metal Production

Zijin Mining repurchased 3.5 million A-shares for 118 million yuan

REF HOLDINGS

KANGLI INT HLDG

JY GRANDMARK

GANGLONG CHINA

EDICO HOLDINGS

SHING CHI HLDGS

KWONG MAN KEE

JIN MI FANG GP

ZHONGKE GROUP

CH DEMETER FIN

601899

02899

Zijin Mining Group Co. has proposed a 2026 Employee Stock Ownership Plan funded by repurchased A shares, avoiding new equity issuance. The plan complies with Chinese regulations and Hong Kong listing requirements, granting units to all participating employees, including executives. Their participation is considered connected transactions but remains below the threshold for shareholder approval. The scheme requires shareholder approval at the upcoming annual general meeting. Analysts rate the stock as a Buy with a target price of HK$55.00. Zijin Mining focuses on mining and processing mineral resources, primarily gold and copper.

Tip Ranks

Zijin Mining

ZIJIN MINING

Zijin Mining Proposes 2026 Employee Stock Ownership Plan Using Repurchased A Shares

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603993

Yesterday, China Nonferrous Mining's stock price surged by 4.46%, with a trading volume reaching HKD 260 million, clearly indicating a pattern of rising volume and price. The MACD daily bullish signal has strengthened, and short-term momentum indicators are diverging upwards, which is typically interpreted by the market as a precursor to the initiation of a phase of main upward trend. On the market, the stock opened high and maintained a strong performance throughout the day, with no significant profit-taking observed at the close, highlighting the characteristics of bullish control. On the news front, the recent continuous rise in copper prices has become the biggest driving force. Zijin Mining rose by 2.31% yesterday, MMG surged by 7.32%, and CMOC increased by 2.61%, with the non-ferrous metal sector showing strong performance across the board, creating a powerful linkage effect. Although the news of the U.S. and Iran nearing a ceasefire memorandum has temporarily suppressed oil prices, industrial metals like copper benefit more from the global manufacturing recovery expectations and the long-term demand growth brought about by the energy transition. At the same time, China's steady growth policies continue to be reinforced, with infrastructure and power grid investments providing rigid support for copper demand. Resource stocks are being favored by funds outside of technology-focused stock selection funds during the ceasefire market. On the technical side, the current 5-day moving average is accelerating upwards, forming a bullish arrangement diverging upwards from the 10-day moving average, with the stock price effectively breaking through the recent consolidation platform. Trading volume has expanded to more than 1.5 times the average trading volume of the past 5 days, indicating a stronger influx of funds than typical rebounds. Within the sector, MMG and Zijin Mining are both strengthening simultaneously, forming a collective breakthrough in the copper mining sector. The short-term trend is biased towards bullish, with good alignment of volume and price, and clear sector resonance

Technical Forecast

CHINFMINING

CMOC

China Southern CSI SWS Non-Ferrous Metal ETF

Guotai CSI Non-Ferrous Metal Kuangye Theme ETF

Yinhua CSI Non-ferrous Metal ETF

Guotai CSI Non-ferrous Metal ETF

Hwabao WP CSI Non-ferrous Metal ETF

Penghua Guozheng Non-ferrous Metal Industry ETF

ChinaAMC CSI Subdivision Non-ferrous Metal Sub-Industry ETF

Pre-market trend | CHINFMINING (1258.HK) surged over 4% on May 7, are resource stocks back in action?

BYDDY

BYDDF

002594

Chinese mainland-listed firms achieved a record 17% of their revenue from overseas markets in 2025, totaling nearly CNY12.4 trillion (USD1.8 trillion). This growth is attributed to the slowing domestic market and strategies encouraging global expansion. The electronics sector led overseas revenue, surpassing CNY2 trillion, while companies like China National Petroleum Corporation and Foxconn Industrial Internet reported significant overseas earnings. Notably, BYD and Zijin Mining also saw substantial increases in their foreign income, reflecting a trend of diversification and higher margins in less saturated markets.

- As of May 6, 2026, overseas revenue for publicly listed Chinese companies reached a historical high, accounting for nearly 17% of total income, despite slowing domestic growth.  
- These companies reported overseas earnings of approximately 12.4 trillion yuan (1.8 trillion USD), driven by the "going out" strategy and the "China Plus One" policy aiming for diversification.  
- The electronics sector led in overseas revenue, while companies like China National Petroleum and BYD recorded significant gains, indicating increased profitability potential in international markets.

Yicai

BYD Company

BYD Company Limited

BYD COMPANY

Chinese Mainland-Listed Firms Earn Record 17% of Revenue From Overseas in 2025

HSBC

HSBA

02888

600547

02259

RING

The HSI closed up 315 points at 26,213, buoyed by hopes for a US-Iran agreement and strong performances in the banking and semiconductor sectors. HSBC and Standard Chartered saw gains of 3.3% and 4.9%, respectively. Chip stocks surged, with notable increases from CAMBRICON and SMIC. Gold miners also performed well, with SD GOLD and ZIJIN GOLD INTL rising over 7%. Total market turnover reached HKD304.737 billion, reflecting robust trading activity in Hong Kong equities.

AASTOCKS News

HSBC Holdings Plc

STANCHART

SD-GOLD

ZIJIN GOLD INTL

Agnico Eagle Mines

Gold.com

Kinross Gold

VanEck Gold Miners ETF

Direxion Daily Gold Miners Bull 2X

Roundhill Gold Miners Weeklypay ETF

GLOBAL X Gold Explorers

Sprott JR Gold Miners ETF

EFUND GOLD MI ETF

EFUND GOLD MI-U

Us Gbl GLD & Met

SPDR S&P Mtls & Mng

MaxWealth CSI SH-SZ-HK Gold Industry Equity ETF

iShares Gold Trust

ChinaAMC Gold ETF

YieldMax Gold Miners Opt Inc Strgy ETF

Pro Ultr GLD

EFUND GOLD MI-R

VanEck Vectors Junior Gold Miners UCITS ETF

Microsectors Gold Miners 3x Leveraged ETN

iShares MSCI Global Gold Miners

VanEck Vectors Gold Miners UCITS ETF

SPDR Gold Shares

Sprott GLD Miners Etf

VanEck Junior Gold Miners ETF

ChinaAMC CSI SH-SZ-HK Gold Industry Equity ETF

SPDR Gold Minishares

Hang Seng Index

Hang Seng China Enterprises Index

Hang Seng TECH Index

Cambricon

BABA-W

BIDU-SW

SMIC

HUA HONG SEMI

GIGADEVICE

BIREN TECH

ASMPT

KB LAMINATES

KINGSOFT CLOUD

GDS-SW

LENOVO GROUP

KNOWLEDGE ATLAS

MINIMAX-W

MANYCORE TECH

MEITU

TENCENT

MEITUAN

KUAISHOU-W

NEW ORIENTAL-S

Lens

COWELL

AAC TECH

Q TECH

YOFC

HSBC HOLDINGS

HKEX

SD GOLD

CHINAGOLDINTL

ZHAOJIN MINING

Alibaba

BABA-WR

Alibaba HK SDR 5to1

BIDU-SWR

Baidu

SMIC HK SDR 5to1

Hua Hong

Kingsoft Cloud

LENOVO GROUP-R

Lenovo Group

Tencent

TENCENT-R

Tencent HK SDR 10to1

Tencent Holdings Limited

MEITUAN-WR

Meituan

Meituan HK SDR 5to1

KUAISHOU-WR

HSBC 5xShortSG241213

Standard Chartered PLC

HKEX-R

Hong Kong Exchanges and Clearing (HKEX)

AIA-R

AIA Group

China Gold

ZHONGJIN GOLD

HSI Ends Up 315 pts as HSBC Rebounds; Gold Miners Spike

Goldman Sachs has released a report detailing its latest Buy list for Hong Kong-listed stocks, based on its Earnings Revision Leading Indicator (ERLI). The list includes stocks such as Xiaomi, PetroChina, and Zijin Mining, with varying short selling ratios and price changes. Notably, HUA HONG SEMI saw a significant increase of 12.605%. The report provides insights into short selling amounts and ratios for each stock, reflecting market sentiment and potential investment opportunities.

XIAOMI-W

G Sachs Screens H-Shr Buy List Based on ERLI (Table)

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Yesterday's closing price for ZIJIN MINING was HKD 35.8, a slight increase of 0.34%. However, behind this seemingly stable rise lies hidden concerns. The daily trading range narrowed to between HKD 35.72 and HKD 36.38. Although the stock price barely held above yesterday's close of HKD 35.68, bearish signals have already emerged on the daily MACD level, indicating that the previously sustained upward momentum is weakening, and bullish forces are showing signs of temporary loosening. The total trading volume for the day was approximately HKD 982 million, still ranking among the industry's top, but significantly down from previous active trading days, indicating a cooling willingness to chase prices. On the news front, Bridgewater's Ray Dalio recently publicly suggested allocating 5%-15% to gold assets and avoiding cash, stating that "AI, U.S. Treasuries, and geopolitics" are forming a synthetic storm. This statement has temporarily boosted sentiment in the gold sector. However, at the same time, there are signs of marginal easing in the Middle East situation—Iran has submitted a 14-point proposal to the U.S. and set a deadline for negotiations, while the U.S. has announced the initiation of a "freedom of navigation" escort mission in the Strait of Hormuz. If geopolitical tensions ease temporarily, the support of safe-haven funds for gold stocks may weaken accordingly. As the leading gold stock in the Hong Kong market, ZIJIN MINING is extremely sensitive to fluctuations in gold prices. Currently, gold prices are oscillating at high levels, and the choice of direction in the short term will be crucial for stock prices. From a technical perspective, ZIJIN MINING's stock price has been consolidating repeatedly in the HKD 35-36 range, with short-term pressure forming around HKD 36.5. The 5-day moving average has begun to flatten; if the subsequent trading volume cannot effectively increase, the stock price may face pressure to seek support downward

Newmont

Abrdn Precious Metals Basket ETF Trust

Abrdn Gold ETF Trust

LAOPU GOLD

Laopu Gld HK SDR 50to1

Pre-market trend | ZIJIN MINING (2899.HK) stagnated at a high with reduced volume on May 4, is bullish momentum declining?

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China's metals industry reported record profits in Q1, with total profits for non-ferrous metal smelting and pressing exceeding 142 billion yuan (S$26 billion), the highest since 2016. Soaring prices for aluminium and copper, alongside increased sulphuric acid prices due to the Iran war, significantly boosted earnings. This profit surge reflects broader economic reflation in China, with major producers like Aluminum Corp of China and Zijin Mining Group reporting their best earnings in a decade. However, Beijing's export restrictions on sulphuric acid may limit future gains for smelters.

Businesstimes News

CHALCO

JCCL

JIANGXI COPPER

China’s metals industry racked up huge profits in first quarter

G Sachs has slightly reduced the target price for Zijin Mining's H shares from HKD52 to HKD51 while maintaining a Buy rating. The company reported a recurring net profit of RMB18.9 billion for Q1 2026, an 88% increase YoY, aligning with expectations. Despite raising unit cost forecasts due to rising energy prices, G Sachs anticipates strong growth for Zijin in 2026, projecting a 53% increase in full-year recurring profit to RMB77.9 billion.

Goldman Sachs

GS Hldg R

G Sachs Slightly Cuts ZIJIN  TP to HKD51; Valuation Attractive, Rating Maintained at Buy

Eunyoung Lee from DBS has maintained a Buy rating on Zijin Mining Group Co (ZIJMF) with a price target of HK$55.00. Lee, a 4-star analyst, has an average return of 34.8% and a success rate of 65.63%. The analyst consensus for Zijin Mining is Strong Buy, with a price target consensus of HK$51.37.

New Buy Rating for Zijin Mining Group Co (ZIJMF), the Basic Materials Giant

Zijin Mining Group Co. has established a dividend framework for 2026-2028, targeting a 35% payout of cumulative distributable profits. The plan emphasizes cash dividends while allowing for bonus shares or reserve-to-equity conversions when suitable. The company aims to distribute profits annually, ensuring stability in its dividend policy while considering profitability and investment needs. Analysts rate the stock as a Buy with a price target of HK$49.10. Zijin Mining is a leading Chinese mining firm focused on gold, copper, and other non-ferrous metals, balancing growth and shareholder returns.

Zijin Mining Sets 2026–2028 Dividend Framework With 35% Payout Target

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