China's Zhaojin Mining nine-month net income falls on higher expenses

Zhaojin Mining Industry

15/10/2026 10:13

Overview
China gold miner's nine-month revenue totaled RMB 13.5 bln
Nine-month net income attributable reached RMB 1.97 bln vs RMB 2.12 bln year ago

Outlook
Company did not provide specific financial guidance or outlook commentary for future quarters in the press release
     
Result Drivers
 FAIR-VALUE SWING – A RMB265 mln fair-value loss versus a RMB872 mln gain was the largest drag on operating income
RISING COSTS AND G&A – Cost of sales and general and administrative expenses rose RMB619 mln and RMB355 mln, respectively, weighing on operating income
IMPAIRMENT CHARGE ABSENCE – No impairment losses were recorded versus a RMB720 mln charge a year earlier, partly offsetting other cost pressures
HIGHER TAX EXPENSE – Income tax expense rose RMB185 mln to RMB972 mln, reducing net profit

Company press release: Full Story

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
9M Revenue
 
RMB 13.51 bln
 
9M Net Income Attributable
 
RMB 1.97 bln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the gold peer group is "buy"
Wall Street's median 12-month price target for Zhaojin Mining Industry Co Ltd is HK$25.00, about 43.6% above its October 15 closing price of HK$17.41
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 8 three months ago

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Press Release https://www1.hkexnews.hk/listedco/listconews/sehk/2026/1015/2026101500413.pdf
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)