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多元化矿业

All research in 多元化矿业 — 1 reports.

38/100 Hold Zijin Mining: A Real Multi-Metal Compounder, Priced for the Transition to Go Right Zijin Mining is a dual-listed (Shanghai + Hong Kong) Chinese mining major that has grown from a domestic gold champion into a global gold-copper-lithium portfolio spanning 18 countries, with a roughly 5.5 billion CAD acquisition of Allied Gold's African assets still unclosed as of 2026-07-22. In 2025 revenue rose to CNY 349.1 billion and operating cash flow to CNY 75.4 billion, and first-quarter 2026 net profit jumped 98% to CNY 20.1 billion as mining-enterprise gross margin reached 71.01% and lithium carbonate output surged more than tenfold to 16.2 thousand tonnes. Rating Hold: cash generation and portfolio breadth are genuinely strong, but at CNY 30.21 the A-share already sits inside the fair-value range, leaving limited margin of safety until Allied closes and Kamoa's copper output normalizes. Zijin Mining Group Co., Ltd.601899 · Shanghai多元化矿业Jul 22, 2026