PerpEquities

Zijin Mining Group Co., Ltd. (H shares) (ZIJINMINING) financials

HKSE · Basic Materials · Gold · 66,708 employees · CEO Lin Hongfu

Price
HK$27.86 -0.43%
Market cap
HK$741B
Enterprise value
CN¥822B
Last report
Q3 '26 filed 2026-09-30
Next report
2027-03-22
Revenue (TTM)CN¥378B+15.4% vs a year agoLast 4 quarters; bars = each quarter
Operating margin (TTM)31.0%+10.9 pp vs a year agoOperating income CN¥117B
Net income (TTM)CN¥71.2B+56.4% vs a year agoAfter tax, incl. non-operating gains
Free cash flow (TTM)CN¥74.6B+71.6% vs a year agoCapex CN¥34.8B
Diluted EPS (TTM)CN¥2.61+54.4% vs a year agoSum of the last 4 quarters
Net cash-CN¥74.5B+22.4% vs a year agoCash + short-term investments - debt

Valuation & key figures

Market cap
HK$741B
EV CN¥822B
Revenue
CN¥378B
Trailing 12 months
Revenue growth
+29%
FY2026 consensus
Profit margin
18.8%
Net income / revenue, TTM
P/E
10.2×
P/S
1.9×
Price / sales, TTM
EV / EBITDA
6.5×
TTM
Free cash flow
CN¥74.6B
Trailing 12 months
Net income
CN¥71.2B
Trailing 12 months
Revenue estimate
CN¥450B
FY2026 consensus
Earnings
2027-03-22
Dividend
HK$0.92
Per share, last 12 months

Key takeaways

Computed from the reported numbers - every statement carries the figure it rests on.

  • Revenue growth slowing: 3.2% year on yearQ3 '26 revenue CN¥89.3B, against an average of 17.4% over the four quarters before.
  • Operating margin 31.0% (TTM), +10.9 pp on a year agoOperating income grew 78.1% while revenue grew 15.4%.
  • Capex 9.2% of revenue (a year ago 6.8%)CN¥34.8B invested in the last 4 quarters (+56.1% on a year earlier). Free cash flow CN¥74.6B = 104.7% of net income.
  • Returned CN¥13.9B to shareholders = 18.6% of free cash flowBuybacks CN¥1.01B (a year earlier CN¥91.8M), dividends CN¥12.8B, stock-based pay CN¥0 (TTM).
  • Diluted share count up 0.7% in a year27.3B diluted shares in Q3 '26, 27.1B a year earlier.
  • Net debt CN¥74.5BCash + short-term investments CN¥103B, debt incl. leases CN¥178B; a year ago net debt CN¥95.9B.

Last quarter: Q3 '26

Quarter ended 2026-09-30. Compared with the same quarter a year earlier and with the analyst consensus before the report.

Quarter vs a year ago

Q3 '26Year agoChange
RevenueCN¥89.3BCN¥86.5B+3.2%
Gross margin39.9%27.2%+12.7 pp
Operating incomeCN¥29BCN¥17.8B+63.4%
Operating margin32.5%20.5%+12.0 pp
Net incomeCN¥18.4BCN¥14.6B+26.0%
Diluted EPSCN¥0.67CN¥0.54+24.1%
Operating cash flowCN¥30.3BCN¥24.2B+25.2%
CapexCN¥6.16BCN¥5.15B+19.6%
Free cash flowCN¥24.1BCN¥19B+26.7%
R&DCN¥591MCN¥410M+43.9%
Stock-based compensationCN¥0CN¥0–

Revenue

Where the money comes from - by business line and by region, quarter by quarter.

Revenue, operating income and growth

quarterly

Margins & cost structure

How much of each unit of revenue is left at each level - and where the costs go.

Margins

quarterly

Costs as % of revenue

quarterly

Cash flow & capital allocation

Cash generated, what it is spent on, and what reaches shareholders.

Operating cash flow, capex, free cash flow

quarterly

Uses of cash vs operating cash flow

fiscal years

Last 4 quarters

cash flow statement
Operating cash flow
CN¥109B
Capex
-CN¥34.8B
Buybacks
-CN¥1.01B
Dividends
-CN¥12.8B
Acquisitions
CN¥4.78B
Net debt issued
CN¥2.4B
Stock-based compensation
CN¥0
Free cash flow
CN¥74.6B
Returned to shareholders / FCF
18.6%

Share count and EPS

quarterly, diluted

Balance sheet

Liquidity, investments and debt at each quarter end.

Cash, investments and debt

quarter ends

Valuation & returns

Today's multiples against the company's own last five fiscal years; analyst targets and ratings.

Multiples and returns

TTM vs 5 fiscal years
Now5y averageWhere today sits in the 5-year range
P/E (TTM)10.2×13.3×11.0× – 16.4×
EV / EBITDA6.5×8.8×7.2× – 10.5×
EV / Sales2.2×1.6×1.1× – 2.7×
Price / FCF9.9×35.3×14.7× – 63.1×
Price / Book3.5×3.1×2.5× – 4.5×
FCF yield10.1%3.8%1.6% – 6.8%
Return on invested capital17.8%11.2%9.1% – 14.5%
Return on equity36.1%23.1%19.6% – 28.1%

Outlook

Analyst consensus for the coming fiscal years and what it implies at today's price.

Consensus estimates

Fiscal yearRevenueGrowthEPSGrowthP/E at today's priceAnalysts (EPS)
FY2026CN¥450B+28.9%CN¥2.98+55.9%–4
FY2027CN¥495B+10.0%CN¥3.39+13.9%–7
FY2028CN¥530B+7.2%CN¥3.84+13.3%–10

Financial statements

Every line of the income statement, balance sheet and cash flow statement - 12 quarters and 10 fiscal years, as values, as % of revenue or as growth.

Income statementRevenue, costs, operating income, net income and EPSOpenBalance sheetCash, investments, assets, debt, liabilities and equityOpenCash flowOperating cash flow, capex, free cash flow, buybacks and dividendsOpen

Sources

Statements, segment revenue, metrics and estimates: Financial Modeling Prep.

Data as of 2026-11-01 · Amounts in CNY as reported; price and market cap in HKD.