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| HSCEI1 | 7,802.09 | 0.00 | -- |
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2026-10-26 12:35:17 Citi issued a research report saying that ZIJIN MINING (02899.HK)'s 3Q net profit was RMB18.4 billion, up 26% YoY and down 4% QoQ, slightly below the broker's expectations, mainly due to lower sales volumes and higher costs for gold, copper and lithium, as well as lower-than-expected profit contribution from associates. The broker said net profit for the first three quarters reached RMB57.5 billion, up 52% YoY, equivalent to 70% and 71% of the broker's full-year forecast and market consensus forecasts respectively; recurring net profit was RMB55.8 billion, up 64% YoY. Gross profit in 3Q was RMB32.5 billion, up 54% YoY and down 5% QoQ, with gross profit contribution from the copper segment exceeding that of gold. The broker believes that with gold prices at around USD4,000 per ounce and the share price already at trough levels, the short-term risk-reward is attractive, and it maintained the Buy rating on ZIJIN MINING. AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |