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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%. 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. AASTOCKS Financial News Website: www.aastocks.com |
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