Zijin Mining stock falls 4.46 percent after profit rises

Published on 09/25/2026 at 12:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Zijin Mining stock stood at CNY 30.01 on Shanghai on September 24, 2026. First-half revenue reached CNY 194.2 billion, while recurring profit advanced 76 percent year on year.

Zijin Mining, CNE100000502, Illustration mit AI erstellt.

Zijin Mining (ISIN CNE100000502) stock fell 4.46 percent to CNY 30.01 on the Shanghai Stock Exchange on September 24, 2026, as the latest half-year figures showed sharp profit growth. Futunn reported on September 1, 2026, that first-half revenue rose 16 percent to CNY 194.2 billion and recurring attributable net profit increased 76 percent to CNY 38.0 billion.

Profit growth meets a weaker quarter

The second-quarter figures show why the daily decline deserves attention. Revenue reached CNY 95.7 billion in Q2/2026, up 8 percent year on year but down 3 percent from Q1/2026.

Attributable net profit came to CNY 19.1 billion in Q2/2026, up 45 percent year on year and down 5 percent quarter on quarter. Recurring attributable profit was CNY 19.6 billion, up 67 percent year on year and 6 percent quarter on quarter, according to Futunn.

Gold and lithium add operating leverage

Operating output broadened the earnings base in the first half of 2026. Zijin Mining reported 47 tonnes of mined gold, up 13 percent year on year, and 534,000 tonnes of mined copper.

Lithium carbonate equivalent production reached 44,000 tonnes, up 496 percent year on year, while the company announced an interim dividend of CNY 11.1 billion for 2026. Zijin Mining trades on both the Shanghai Stock Exchange under ticker 601899 and the Hong Kong Stock Exchange under ticker 2899, according to the company.

Jefferies target reaches CNY 46.30

Valuation expectations also moved higher. MarketScreener reported that Jefferies raised its Shanghai-listed share target to CNY 46.30 from CNY 45.30 on August 25, 2026, while keeping its Buy rating.

The target stands 54.28 percent above the CNY 30.01 reference price. The contrast is clear: first-half earnings expanded rapidly, but the second-quarter sequential decline and the September 24 share move point to a market weighing near-term momentum against longer-term metal exposure.

Stock trades below its yearly high

Zijin Mining stock stood at CNY 30.01 on September 24, 2026, on the Shanghai Stock Exchange, with a daily volume of 214,513,976 shares. Its 52-week range was CNY 24.42 to CNY 44.94, placing the price 33.22 percent below the yearly high.