HK Stock Market Move | Zijin Mining Group (02899) opened more than 3% higher, with a net profit of 39.2 billion yuan in the first half of the year, a year-on-year increase of 68%.

Zijin Mining Group (02899) opened more than 3% higher, and as of the time of publication, it rose by 3.42%, reaching HKD 39.88, with a turnover of HKD 183 million. In terms of news, Zijin Mining Group announced its performance, reporting an operating revenue of RMB 194.178 billion in the first half of the year, a year-on-year increase of 15.78%; the net profit attributable to shareholders of the listed company was RMB 39.17 billion, a year-on-year increase of 68.17%. The company plans to distribute a cash dividend of RMB 4.2 per 10 shares (tax included). The announcement stated that during the period, the company produced 47 tons of mined gold, a year-on-year increase of 13%, and mined copper of 534,000 tons, which is a year-on-year increase of 5% after excluding the impact of Kamoa; it produced 200,000 tons of mined zinc (lead) and 229 tons of mined silver; the lithium segment, as a third growth engine, has formed a scale contribution, achieving an equivalent lithium carbonate production of 44,000 tons, a significant year-on-year increase; the production capacities of strategic precious metals such as molybdenum, tungsten, and tin have been released accordingly, and the comprehensive utilization benefits of sulfur resources like sulfur concentrate and sulfuric acid have been significant, becoming new highlights of profit growth.