Zijin Mining Group Reports Strong 2024 Financial Results

Zijin Mining Group Co Class H ( (ZIJMF) ) has released its Q4 earnings. Here is a breakdown of the information Zijin Mining Group Co Class H presented to its investors.

Zijin Mining Group Co., Ltd. is a leading Chinese mining company specializing in the exploration and production of gold, copper, and other mineral resources, operating primarily in the mining sector with a focus on sustainable development.

The company has reported a robust financial performance for the year ended December 31, 2024, with significant growth in both revenue and profit. Operating income reached RMB303.640 billion, marking a 3.49% increase from the previous year, while net profit attributable to shareholders surged by 51.76% to RMB32.051 billion.

Key financial highlights include a notable increase in profit before tax by 53.66% to RMB48.078 billion, and a substantial rise in total assets by 15.63% to RMB396.611 billion. The company also saw an improvement in net assets attributable to shareholders, which grew by 30.03% to RMB139.786 billion. Additionally, Zijin Mining has proposed a final cash dividend of RMB2.8 per 10 shares, reflecting its strong financial health and commitment to shareholder returns.

The company’s strategic focus remains on expanding its mining operations and enhancing production efficiency, supported by favorable tax incentives and a diversified geographical presence. Zijin Mining continues to leverage its expertise in the mining sector to drive growth and maintain its competitive edge in the global market.

Looking ahead, Zijin Mining Group’s management remains optimistic about the company’s future prospects, emphasizing ongoing investments in technology and sustainable practices to ensure long-term growth and value creation for stakeholders.