2026 04 / 27 2026 / 04 / 27 First Quarterly Report 2026 pdf

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# 2026 04 / 27 2026 / 04 / 27 First Quarterly Report 2026 pdf

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# 2026 04 / 27 2026 / 04 / 27 First Quarterly Report 2026 pdf
First Quarterly Report 2026
The board of directors (the “Board of Directors”) of Zijin Mining Group Co., Ltd.* (the
“Company”) is pleased to announce the unaudited financial report (the “First Quarterly Report”) of
the Company and its subsidiaries (collectively the “Group”) for the three months ended 31 March
2026, which have been prepared in accordance with the Basic Standards of Accounting Standards
for Business Enterprises (“ASBE”) issued by the Ministry of Finance of the People’s Republic of
China (the “PRC”), and the specific accounting standards, interpretations and other relevant
regulations issued and revised thereafter.
This report is published in both Chinese and English. In the case of any discrepancies, the Chinese
version shall prevail.
In this report, unless otherwise stated, monetary units are denominated in Renminbi (“RMB”).
21 April 2026, Fujian, the PRC
* The Company’s English name is for identification purpose only
1
First Quarterly Report 2026 of Zijin Mining Group Co., Ltd.*
Stock code: 601899 Stock abbreviation: Zijin Mining
Zijin Mining Group Co., Ltd.*
First Quarterly Report 2026
The Board of Directors and all directors of the Company hereby warrant that there are no false representations or
misleading statements contained in, or material omissions from the contents in this announcement, and bear legal
responsibility for the authenticity, accuracy and completeness of the contents.
Important notes
The Board of Directors, the directors and senior management of the Company hereby warrant that the contents
contained in this quarterly report are authentic, accurate and complete, and there are no false representations or
misleading statements contained in, or material omissions from the contents in this quarterly report, and severally and
jointly bear legal responsibility.
The person in charge of the Company, the principal in charge of accounting and the head of accounting department
(chief accounting officer) hereby warrant that the financial information contained in this quarterly report is authentic,
accurate and complete.
Is the First Quarterly Report audited
Yes No
I. Major financial data
(I) Major accounting data and financial indicators
Unit: RMB
Percentage change in
Amount for the Amount for the same amount for the reporting
Item reporting period period last year period compared with
(January - March 2026) (January - March 2025) the same period last year
(%)
Operating income 98,497,579,591 78,928,282,916 24.79
Profit before tax 31,583,865,680 14,687,930,601 115.03
Net profit 25,165,728,674 12,464,616,622 101.90
Net profit attributable to owners of the
20,079,391,507 10,166,777,095 97.50
listed company
Net profit attributable to owners of the
listed company after non-recurring 18,458,909,011 9,881,295,308 86.81
profit or loss
Net cash flows from operating
27,831,931,440 12,528,238,721 122.15
activities
Basic earnings per share (RMB/share) 0.755 0.383 97.13
Diluted earnings per share
0.736 0.376 95.74
(RMB/share)
Weighted average return on net assets Increased by 3.23
10.35 7.12
(%) percentage points
Change as at the end
As at the end of the As at the end of last of the reporting period
reporting period year compared with the end
of last year (%)
Total assets 549,920,131,226 512,005,142,450 7.41
Equity attributable to shareholders of
200,417,222,123 185,541,965,085 8.02
the listed company
2
First Quarterly Report 2026 of Zijin Mining Group Co., Ltd.*
(II) Non-recurring profit or loss items and their amounts
Applicable Not applicable
Unit: RMB
Amount for the reporting period
Non-recurring profit or loss item
(January - March 2026)
Losses on disposal of non-current assets, including reversal of provision for
-13,387,680
impairment losses of impaired assets
Government grants recognised in profit or loss for the current period, except for
government grants which are closely related to the Company’s normal business
187,305,122
operations, and in line with the country’s policies, entitled to under established
standards and having a continuous impact on the Company’s profit or loss
Gains or losses on changes in fair value arising from financial assets and financial
liabilities held by non-financial enterprises and gains or losses on disposal of
1,695,850,174
financial assets and financial liabilities, except for the effective hedging
business relating to the Company’s normal business operations
Capital utilisation fee received from non-financial enterprises recognised in profit
2,681,970
or loss for the current period
Reversal of bad debt provision for trade receivables of which impairment has
355,335
been tested individually
Gains on debt restructuring 660,937
Non-operating income and expenses other than the aforesaid items -107,879,261
Other profit or loss items which meet the definition of non-recurring profit or loss -31,969,364
Less: Impact on income tax 117,537,079
Impact on the non-controlling interests (after tax) -4,402,342
Total 1,620,482,496
For items which the Company recognises as non-recurring profit or loss items but are not listed in the Explanatory
Announcement No. 1 on Information Disclosure for Companies Making Public Offering of Securities - Non-recurring
Profit or Loss and are significant in amount, and items which are listed as non-recurring profit or loss items in the
Explanatory Announcement No. 1 on Information Disclosure for Companies Making Public Offering of Securities -
Non-recurring Profit or Loss but are defined by the Company as recurring profit or loss items, the Company should
explain the reason.
Applicable Not applicable
The Group’s ongoing provisions for operational funding support to associates, joint ventures and their subsidiaries are
not temporary or occasional. Therefore, the Group does not classify the corresponding capital utilisation fee as
non-recurring profit or loss.
(III) Changes in major accounting data and financial indicators and reasons for the changes
Applicable Not applicable
Percentage
Name of item Main reasons
change (%)
Compared with the same period last year, the
Profit before tax 115.03 Company’s core financial indicators increased
significantly, mainly attributable to: (1) the
Net profit 101.90 Company continued to optimise production
organisation and operational management, and
Net profit attributable to owners of the listed persisted in maximising production and sales.
97.50
company Mine-produced gold and lithium carbonate
output increased compared with the same period
Net profit attributable to owners of the listed
86.81 last year, while mine-produced copper output
company after non-recurring profit or loss
decreased compared with the same period last
year due to the decline in attributable copper
Net cash flows from operating activities 122.15
output from the Kamoa-Kakula;(2) the prices of
the Company’s principal metal products
Basic earnings per share 97.13 increased compared with the same period last
year, with the price gains fully realised, thereby
Diluted earnings per share 95.74 driving a significant improvement in operating
performance.
3
First Quarterly Report 2026 of Zijin Mining Group Co., Ltd.*
II. Information about shareholders
Total number of ordinary shareholders and number of preference shareholders with restored voting rights and
shareholdings of the top ten shareholders
Unit: share
Total number of ordinary Total number of preference shareholders with
shareholders as at the end of 1,252,002 restored voting rights as at the end of the reporting 0
the reporting period period (if any)
Shareholdings of top ten shareholders (excluding lending of shares through refinancing)
Information about
pledged, marked or
frozen shares
Number of
Approximate
shares held
Nature of Number of shares shareholding
Name of shareholder subject to
shareholder held percentage Status
trading
(%) of Number
moratorium
shares
Minxi Xinghang State-owned
Assets Investment Company
Limited State-owned
6,083,517,704 22.88 0 Frozen 208,484,145
(閩西興杭國有資產投資經 corporation
營有限公司)
Overseas
HKSCC Nominees Limited 5,977,050,214 22.48 0 Nil 0
corporation
Hong Kong Securities Overseas
1,283,741,625 4.83 0 Nil 0
Clearing Company Limited corporation
China Securities Finance
Corporation Limited State-owned
(中國證券金融股份有限公 437,533,690 1.65 0 Nil 0
corporation
司)
China Reform Investment
Co., Ltd. State-owned
253,860,714 0.95 0 Nil 0
corporation
(國新投資有限公司)
China Life Insurance
Company Limited -
Traditional - Ordinary
Insurance Product- 005L -
CT001 Shanghai Others 200,559,928 0.75 0 Nil 0
(中國人壽保險股份有限公
司—傳統—普通保險產
品—005L—CT001 滬)
Abu Dhabi Investment
Overseas
Authority - Self-owned 141,374,397 0.53 0 Nil 0
corporation
funds
Industrial and Commercial
Bank of China Limited -
Huatai-PineBridge CSI 300
Exchange Traded Open-End
Index Securities Investment
Fund Others 132,560,995 0.50 0 Nil 0
(中國工商銀行股份有限公
司－華泰柏瑞滬深 300 交
易型開放式指數證券投資
基金)
4
First Quarterly Report 2026 of Zijin Mining Group Co., Ltd.*
Ping An Asset Management -
China Merchants Bank -
Ping An Asset (Kaiyang)
No. 5 Asset Management
Product Others 127,317,810 0.48 0 Nil 0
(平安資管－招商銀行－平
安資產開陽 5 號資產管理
產品)
Industrial and Commercial
Bank of China - SSE 50
Exchange Traded Open-End
Index Securities Investment
Fund Others 120,297,878 0.45 0 Nil 0
(中國工商銀行—上證 50 交
易型開放式指數證券投資
基金)
Shareholdings of top ten shareholders whose shares are not subject to trading moratorium
(excluding lending of shares through refinancing)
Number of tradable shares held Class and number of shares
Name of shareholder which are not subject to trading
Class of shares Number
moratorium
Minxi Xinghang State-owned
Assets Investment Company
Limited RMB ordinary shares
6,083,517,704 6,083,517,704
(閩西興杭國有資產投資經 (A Shares)
營有限公司)
Shares listed overseas
HKSCC Nominees Limited 5,977,050,214 5,977,050,214
(H Shares)
Hong Kong Securities RMB ordinary shares
1,283,741,625 1,283,741,625
Clearing Company Limited (A Shares)
China Securities Finance
Corporation Limited RMB ordinary shares
(中國證券金融股份有限公 437,533,690 437,533,690
(A Shares)
司)
China Reform Investment
RMB ordinary shares
Co., Ltd. 253,860,714 253,860,714
(A Shares)
(國新投資有限公司)
China Life Insurance
Company Limited -
Traditional - Ordinary
Insurance Product - 005L - RMB ordinary shares
CT001 Shanghai 200,559,928 200,559,928
(A Shares)
(中國人壽保險股份有限公
司—傳統—普通保險產
品—005L—CT001 滬)
Abu Dhabi Investment
RMB ordinary shares
Authority - Self-owned 141,374,397 141,374,397
(A Shares)
funds
Industrial and Commercial
Bank of China Limited -
Huatai-PineBridge CSI 300
Exchange Traded Open-End
Index Securities Investment RMB ordinary shares
Fund 132,560,995 132,560,995
(A Shares)
(中國工商銀行股份有限公
司－華泰柏瑞滬深 300 交
易型開放式指數證券投資
基金)
5
First Quarterly Report 2026 of Zijin Mining Group Co., Ltd.*
Ping An Asset Management -
China Merchants Bank -
Ping An Asset (Kaiyang)
No. 5 Asset Management RMB ordinary shares
Product 127,317,810 127,317,810
(A Shares)
(平安資管－招商銀行－平
安資產開陽 5 號資產管理
產品)
Industrial and Commercial
Bank of China - SSE 50
Exchange Traded Open-End
Index Securities Investment RMB ordinary shares
Fund 120,297,878 120,297,878
(A Shares)
(中國工商銀行—上證 50 交
易型開放式指數證券投資
基金)
Description of connected
relationship or acting in
The Company is not aware whether there is any connected relationship or acting in concert
concert arrangement among
arrangement among the top ten shareholders of tradable shares.
the abovementioned
shareholders
Description of participation in
securities margin trading
and refinancing business of
top ten shareholders and top Not applicable
ten shareholders whose
shares are not subject to
trading moratorium (if any)
Details of lending of shares through the participation in refinancing business of shareholders holding more than
5% of t

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