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<Research>Citi Cuts ZIJIN MINING (02899.HK) 2026/ 2027 NP Forecasts, Keeps Rating/ TP at Buy/ $51.8
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ZIJIN MINING (02899.HK)'s FY2025 net profit amounted to RMB51.8 billion, up 62% YoY, in line with its previously announced profit alert range, Citi Research issued a research report saying.

Excluding one-off items, recurring net income was RMB50.7 billion, up 60% YoY. Taking into account the interim DPS of RMB0.22, the Company proposed a final DPS of RMB0.38, bringing the total annual DPS to RMB0.6, with a dividend payout ratio of approx. 31%.

Related NewsUBS Keeps ZIJIN MINING as Industry Top Pick With TP HKD63.5, Predicts Unchanged Copper Mkt Fundamentals
Considering the 2025 results, the latest output guidance and cost forecasts, the broker lowered its 2026/ 2027net profit forecasts for ZIJIN MINING by 5%/ 8% to RMB77.9 billion/ RMB70.5 billion each, and kept its target price/ rating for ZIJIN MINING's H-shares at $51.8/ Buy.
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