S&P Global upgrades Zijin Mining stock rating to BBB+

Published on 10/21/2026 at 09:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

S&P Global raised the issuer rating to BBB+ on October 19, 2026. Zijin Mining stock costs EUR 3.50 in Germany on October 21, 2026, while Q3 results are due October 23.

Credit and earnings context

S&P Global raised Zijin Mining's issuer rating from BBB to BBB+ on October 19, 2026.
First-half 2026 revenue reached RMB 194.18 billion, up 15.78 percent year over year.
Zijin Mining stock was trading at EUR 3.50 at 9:02 a.m. CEST at Lang & Schwarz on October 21, 2026.

Zijin Mining, CNE100000502, Illustration mit AI erstellt.

Zijin Mining (ISIN CNE100000502) was trading at EUR 3.50 at Lang & Schwarz on October 21, 2026 at 9:02 a.m. CEST. S&P Global Ratings raised Zijin Mining's issuer credit rating from BBB to BBB+ on October 19, 2026, with a stable outlook.

Why the rating changed

S&P Global Ratings linked the upgrade to Zijin Mining's project pipeline, production growth and operating execution. Its analysis projected 2026 operating cash flow of RMB 115.00 billion to RMB 120.00 billion and adjusted EBITDA margins of 35.00 percent to 36.00 percent in 2026 and 2027, compared with 27.10 percent in 2025.

The agency also identified a measurable balance-sheet effect. Its forecast showed debt falling from RMB 115.24 billion in 2025 to RMB 90.26 billion in 2026, while adjusted EBITDA was projected to rise from RMB 97.23 billion to RMB 149.35 billion.

Three dated steps in the story

On September 25, 2026, Zijin Mining published its 2026 interim report. Moomoo reported first-half revenue of RMB 194.18 billion, up 15.78 percent year over year. On October 19, 2026, S&P Global Ratings upgraded the issuer rating from BBB to BBB+. On October 20, 2026, Zijin Mining announced a briefing for its 2026 third-quarter results, with Moomoo listing a revenue estimate of CNY 115.42 billion for the quarter.

Which dates matter next?

The next scheduled event is the 2026 third-quarter results briefing on October 23, 2026, according to Moomoo. Barron's lists March 22, 2027 as the reporting date for fiscal 2026 earnings.

Stock price and investor frame

The credit upgrade gives the upcoming results a clear financial backdrop: operating expansion is being assessed alongside debt reduction. The key test is whether third-quarter revenue and production trends support the cash-flow expectations outlined by S&P Global Ratings.

Zijin Mining was trading intraday at EUR 3.50 at Lang & Schwarz on October 21, 2026 at 9:02 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Zijin Mining stock.