Zhaojin Mining profit surges 144% on robust gold prices

Zhaojin Mining Industry Company Limited reported a substantial increase in net profit for the six months ended 30 June 2025, reaching RMB1,776,694,000, a 144.58% rise from RMB726,420,000 in the corresponding period of 2024. Revenue also saw a notable increase of 50.69% to RMB6,972,841,000 from RMB4,627,203,000. Gold production for the period grew by 8.42% to 14,288.09 kg (459,372.14 ozs), with gold output from the Group's mines increasing by 13.77%.

The Group’s profit attributable to owners of the parent soared by 160.44% to RMB1,439,690,000, resulting in basic and diluted earnings per share of RMB0.38, compared to RMB0.12 in 2024. This performance was bolstered by a 39.48% increase in the average London spot gold price and a 38.56% increase in the weighted average Shanghai Gold Exchange Au9999 price compared to the previous year.

Total assets grew by 8.78% to RMB58,271,637,000, and net assets increased by 9.51% to RMB27,588,237,000. The Group maintained a gearing ratio of 41.18% as of 30 June 2025. During the period, Zhaojin Mining issued RMB1.0 billion in super short-term bonds and RMB1.0 billion in medium-term notes.