Earnings Alerts

Zijin Mining Group Co Ltd H (2899) Earnings: 1H Net Income Hits 15.08B Yuan

  • Zijin Mining reported a net income of 15.08 billion yuan for the first half of the year.
  • The company achieved a total revenue of 150.42 billion yuan over the same period.
  • Earnings per share (EPS) were recorded at 57.3 RMB cents.
  • The basic EPS stood slightly higher at 57.4 RMB cents.
  • The company received a strong endorsement from analysts with 16 buys, and no holds or sells.

Zijin Mining Group Co Ltd H on Smartkarma



Analyst coverage on Zijin Mining Group Co Ltd H on Smartkarma has provided valuable insights into the company’s position in the market. Brian Freitas, in the research report titled “HSCEI Index Rebalance: Zijin Mining In; Xinyi Solar Out; SenseTime Survives (For Now),” highlighted Zijin Mining’s upcoming inclusion in the HSCEI, noting its relative undervaluation compared to peers. The report also mentions the potential deletion of Xinyi Solar and the FAF increase saving SenseTime from deletion.

In another analysis by Travis Lundy, “HSCEI June 2024 Rebal – Zijin Mining (2899) ADDed, Xinyi Solar (968) DELETEd,” it is noted that the expected addition of Zijin Mining and deletion of Xinyi Solar align with market forecasts. The report also discusses the active tracking of the HSCEI and the unexpected saving of SenseTime from deletion through FAF increase, with smaller 3% flows anticipated.



A look at Zijin Mining Group Co Ltd H Smart Scores

FactorScoreMagnitude
Value2
Dividend4
Growth5
Resilience2
Momentum5
OVERALL SMART SCORE3.6

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Zijin Mining Group Co., Ltd. shines bright with a promising long-term outlook, as reflected in its impressive Smartkarma Smart Scores. With a high score in Growth and Momentum, the company appears set to expand and maintain its upward trajectory in the market. This indicates strong potential for growth and positive performance in the future. Additionally, Zijin Mining Group Co., Ltd. stands out with a solid score in Dividend, showcasing its commitment to rewarding investors. However, areas such as Value and Resilience show room for improvement, suggesting some challenges that the company may need to address to enhance its overall performance.

As a company deeply rooted in the exploration and production of gold and other mineral resources in China, Zijin Mining Group Co., Ltd. holds a prominent position in the industry. Its focus on mining and refining activities underscores its strategic importance in the market. Investors may take note of its strong scores in Growth and Momentum, indicating a positive outlook for the company’s future prospects. However, attention should be paid to areas like Value and Resilience, where improvements could further strengthen Zijin Mining Group Co., Ltd.’s overall standing in the market.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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