Zijin Mining Group Future Growth

Future criteria checks 4/6

Zijin Mining Group is forecast to grow earnings and revenue by 20% and 8.7% per annum respectively. EPS is expected to grow by 19.8% per annum. Return on equity is forecast to be 21.6% in 3 years.

Key information

20.0%

Earnings growth rate

19.8%

EPS growth rate

Metals and Mining earnings growth	20.7%
Revenue growth rate	8.7%
Future return on equity	21.6%
Analyst coverage	Good
Last updated	24 Apr 2024

Recent future growth updates

Recent updates

Zijin Mining Group Company Limited's (HKG:2899) P/E Is Still On The Mark Following 39% Share Price Bounce

Mar 17

Are Investors Undervaluing Zijin Mining Group Company Limited (HKG:2899) By 22%?

Mar 12

Is Zijin Mining Group (HKG:2899) A Risky Investment?

Nov 20

Investors Met With Slowing Returns on Capital At Zijin Mining Group (HKG:2899)

Nov 05

Is There An Opportunity With Zijin Mining Group Company Limited's (HKG:2899) 47% Undervaluation?

Oct 20

With EPS Growth And More, Zijin Mining Group (HKG:2899) Makes An Interesting Case

Apr 24

Returns At Zijin Mining Group (HKG:2899) Appear To Be Weighed Down

Apr 09

A Look At The Fair Value Of Zijin Mining Group Company Limited (HKG:2899)

Mar 12

Is Zijin Mining Group (HKG:2899) A Risky Investment?

Jan 29

Here's Why We Think Zijin Mining Group (HKG:2899) Is Well Worth Watching

Jan 15

Returns On Capital Are Showing Encouraging Signs At Zijin Mining Group (HKG:2899)

Jan 01

Zijin Mining Group Company Limited's (HKG:2899) Intrinsic Value Is Potentially 83% Above Its Share Price

Dec 04

Do Zijin Mining Group's (HKG:2899) Earnings Warrant Your Attention?

Oct 13

Investors Will Want Zijin Mining Group's (HKG:2899) Growth In ROCE To Persist

Aug 29

Is Zijin Mining Group (HKG:2899) A Risky Investment?

Aug 14

Here's Why We Think Zijin Mining Group (HKG:2899) Might Deserve Your Attention Today

Jul 14

Zijin Mining Group (HKG:2899) Shareholders Will Want The ROCE Trajectory To Continue

May 30

Does Zijin Mining Group (HKG:2899) Have A Healthy Balance Sheet?

May 13

Does Zijin Mining Group (HKG:2899) Deserve A Spot On Your Watchlist?

Apr 13

Zijin Mining Group Company Limited (HKG:2899) Shares Could Be 24% Above Their Intrinsic Value Estimate

Mar 30

Returns Are Gaining Momentum At Zijin Mining Group (HKG:2899)

Feb 17

With EPS Growth And More, Zijin Mining Group (HKG:2899) Is Interesting

Jan 09

Are Investors Undervaluing Zijin Mining Group Company Limited (HKG:2899) By 50%?

Dec 25

Zijin Mining Group (HKG:2899) Is Doing The Right Things To Multiply Its Share Price

Nov 10

We Think Zijin Mining Group (HKG:2899) Can Stay On Top Of Its Debt

Oct 26

Earnings and Revenue Growth Forecasts

SEHK:2899 - Analysts future estimates and past financials data (CNY Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	369,792	38,352	32,743	61,500	17
12/31/2025	369,557	34,368	22,974	54,474	22
12/31/2024	331,010	27,415	14,185	44,690	19
3/31/2024	293,235	21,938	5,064	37,203	N/A
12/31/2023	293,403	21,119	6,431	36,860	N/A
9/30/2023	291,146	19,521	2,688	32,453	N/A
6/30/2023	288,205	17,695	751	29,130	N/A
3/31/2023	280,503	19,341	4,847	29,080	N/A
12/31/2022	270,329	20,023	3,884	28,679	N/A
9/30/2022	260,318	20,794	10,412	30,206	N/A
6/30/2022	247,697	21,410	10,970	29,623	N/A
3/31/2022	242,371	19,042	6,858	28,252	N/A
12/31/2021	225,102	15,429	5,924	26,072	N/A
9/30/2021	210,043	12,980	1,850	22,178	N/A
6/30/2021	198,222	10,478	-858	19,818	N/A
3/31/2021	182,842	7,721	1,088	17,191	N/A
12/31/2020	171,501	6,250	382	14,268	N/A
9/30/2020	164,904	5,850	330	14,513	N/A
6/30/2020	152,042	4,852	892	12,734	N/A
3/31/2020	143,218	4,449	-400	11,707	N/A
12/31/2019	136,098	4,284	-1,230	10,666	N/A
9/30/2019	131,449	3,747	-637	9,671	N/A
6/30/2019	123,379	3,421	22	9,659	N/A
3/31/2019	112,173	3,883	1,858	10,191	N/A
12/31/2018	105,994	4,094	2,424	10,233	N/A
9/30/2018	108,744	4,646	4,072	10,619	N/A
6/30/2018	106,839	4,529	5,486	11,439	N/A
3/31/2018	98,955	3,587	4,115	10,076	N/A
12/31/2017	94,549	3,508	N/A	9,764	N/A
9/30/2017	83,537	2,629	N/A	9,057	N/A
6/30/2017	77,485	2,807	N/A	8,276	N/A
3/31/2017	77,911	2,782	N/A	9,175	N/A
12/31/2016	78,851	1,840	N/A	8,602	N/A
9/30/2016	70,397	1,388	N/A	10,181	N/A
6/30/2016	74,361	853	N/A	10,050	N/A
3/31/2016	77,805	1,304	N/A	9,319	N/A
12/31/2015	74,304	1,656	N/A	10,269	N/A
9/30/2015	79,358	2,068	N/A	8,885	N/A
6/30/2015	73,607	2,577	N/A	8,408	N/A
3/31/2015	63,894	2,239	N/A	7,108	N/A
12/31/2014	58,761	2,345	N/A	6,321	N/A
9/30/2014	53,344	2,305	N/A	6,359	N/A
6/30/2014	47,770	2,137	N/A	8,569	N/A
3/31/2014	48,762	1,926	N/A	8,737	N/A
12/31/2013	49,772	2,125	N/A	8,842	N/A
9/30/2013	50,809	3,382	N/A	5,310	N/A
6/30/2013	53,410	3,925	N/A	4,510	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 2899's forecast earnings growth (20% per year) is above the savings rate (2.2%).

Earnings vs Market: 2899's earnings (20% per year) are forecast to grow faster than the Hong Kong market (12.1% per year).

High Growth Earnings: 2899's earnings are forecast to grow, but not significantly.

Revenue vs Market: 2899's revenue (8.7% per year) is forecast to grow faster than the Hong Kong market (8.1% per year).

High Growth Revenue: 2899's revenue (8.7% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 2899's Return on Equity is forecast to be high in 3 years time (21.6%)

Zijin Mining Group Future Growth

Future criteria checks 4/6

Key information

Recent future growth updates

Zijin Mining Group Company Limited Provides Earnings Guidance for the Year Ended December 31, 2023

Zijin Mining Group Company Limited Announces Full Resumption of Operations of the Porgera Gold Mine in Papua New Guinea

Zijin Mining Group Company Limited Announces Full Resumption of Operations of the Porgera Gold Mine in Papua New Guinea

Zijin Mining Group Company Limited Provides Earnings Guidance for the First Half Ended June 30, 2023

Zijin Mining Group Company Limited Provides Earnings Guidance for the Year Ended December 31, 2022

Zijin Mining Group Company Limited Provides Earnings Guidance for the First Half Ended June 30, 2022

Recent updates

Xanadu Mines Limited and Zijin Mining Group Co., Ltd. Announce Compelling Coarse Ore Flotation Results Indicate Throughput Upside for Kharmagtai

First quarter 2024 earnings released: EPS: CN¥0.24 (vs CN¥0.21 in 1Q 2023)

Zijin Mining Group Company Limited, Annual General Meeting, May 17, 2024

Zijin Mining Group Company Limited to Report Q1, 2024 Results on Apr 22, 2024

Full year 2023 earnings released: EPS: CN¥0.80 (vs CN¥0.76 in FY 2022)

Zijin Mining Group Company Limited's (HKG:2899) P/E Is Still On The Mark Following 39% Share Price Bounce

Are Investors Undervaluing Zijin Mining Group Company Limited (HKG:2899) By 22%?

Zijin Mining Group Company Limited Provides Earnings Guidance for the Year Ended December 31, 2023

Zijin Mining Group Company Limited to Report Fiscal Year 2023 Results on Mar 23, 2024

Zijin Mining Group Company Limited Announces Full Resumption of Operations of the Porgera Gold Mine in Papua New Guinea

Zijin Mining Group Company Limited Announces Full Resumption of Operations of the Porgera Gold Mine in Papua New Guinea

Zijin Mining Group Company Limited Announces Interim Dividend for the Six Months Ended June 30, 2023, Payable on 19 January 2024

Upcoming dividend of CN¥0.05 per share at 0.9% yield

Is Zijin Mining Group (HKG:2899) A Risky Investment?

Zijin Mining Group Company Limited Proposes Interim Dividend for the Six Months Ended June 30, 2023, Payable on January 19, 2024

Investors Met With Slowing Returns on Capital At Zijin Mining Group (HKG:2899)

Third quarter 2023 earnings released: EPS: CN¥0.22 (vs CN¥0.15 in 3Q 2022)

Is There An Opportunity With Zijin Mining Group Company Limited's (HKG:2899) 47% Undervaluation?

Portofino Resources Inc. (TSXV:POR) completed the acquisition of Yergo Lithium Project, Catamarca Argentina from Zijin Mining Group Company Limited (SEHK:2899).

Zijin Mining Group Company Limited to Report Q3, 2023 Results on Oct 27, 2023

Zijin Mining Group Company Limited Announces Interim Dividend for the Six Months Ended June 30, 2023, Payable on December 22, 2023

Second quarter 2023 earnings released: EPS: CN¥0.18 (vs CN¥0.25 in 2Q 2022)

Xanadu Mines Ltd and Zijin Mining Group Co., Ltd. Announce Delivery of Further Higher-Grade Drill Results During Phase One Infill Drilling At the Kharmagtai Copper and Gold Project

Zijin Mining Group (HKG:2899) Takes On Some Risk With Its Use Of Debt

Now 21% undervalued after recent price drop

Zijin Mining Group's (HKG:2899) Returns Have Hit A Wall

Xanadu Mines Ltd and Zijin Mining Group Co., Ltd. Updates on Recent Infill Drilling At the Kharmagtai Project in Mongolia

Is Zijin Mining Group Company Limited (HKG:2899) Trading At A 28% Discount?

Zijin Mining Group Company Limited Provides Earnings Guidance for the First Half Ended June 30, 2023

Xanadu Mines and Zijin Mining Group Announce Results from the First 3,400m shallow Exploration Discovery Drilling at Kharmagtai

Now 21% undervalued after recent price drop

Now 20% undervalued after recent price drop

Zijin Mining Group Company Limited Declares Final Dividend for the Year Ended 31 December 2022, Payable on 30 June 2023

Upcoming dividend of CN¥0.20 per share at 2.0% yield

Now 23% undervalued after recent price drop

Zijin Mining Group Company Limited Proposes Final Ordinary Dividend for the Year Ended December 31, 2022, Payable on June 30, 2023

Zijin Mining Group (HKG:2899) Takes On Some Risk With Its Use Of Debt

With EPS Growth And More, Zijin Mining Group (HKG:2899) Makes An Interesting Case

Returns At Zijin Mining Group (HKG:2899) Appear To Be Weighed Down

Full year 2022 earnings released: EPS: CN¥0.76 (vs CN¥0.60 in FY 2021)

A Look At The Fair Value Of Zijin Mining Group Company Limited (HKG:2899)

Zijin Mining Group Company Limited Provides Earnings Guidance for the Year Ended December 31, 2022

Is Zijin Mining Group (HKG:2899) A Risky Investment?

Zijin Mining Group Company Limited to Report Fiscal Year 2022 Results on Feb 24, 2023

Here's Why We Think Zijin Mining Group (HKG:2899) Is Well Worth Watching

Zijin Mining Group Company Limited Announces Joint Company Secretaries Appointments

Investor sentiment improved over the past week

Returns On Capital Are Showing Encouraging Signs At Zijin Mining Group (HKG:2899)

Zijin Mining Group Company Limited Announces Management Changes

Zijin Mining Group Company Limited's (HKG:2899) Intrinsic Value Is Potentially 83% Above Its Share Price

Less than half of directors are independent

Investor sentiment improved over the past week

Zijin Mining Group Company Limited (SEHK:2899) entered into the Equity Interest Transfer Agreement to acquire an additional 30% stake in Luoyang Zijin Yinhui Gold Refinery Company Limited from Luoyang Yinan Chengfang Industrial Co., Ltd for RMB 70 million.

Zijin Mining Group Company Limited (SEHK:2899) announces an Equity Buyback for CNY 500 million worth of its shares.

Third quarter 2022 earnings released

Zijin Mining Group Company Limited (SEHK:2899) agreed to acquire 95% interest in Rosebel Gold Mines N.V. from IAMGOLD Corporation (TSX:IMG) for $360 million.

Zijin Mining Group Company Limited (SEHK:2899) entered into equity transfer agreement to acquire 30% stake in Shandong Ruiyin Mining Industry Development Company Limited from Laizhou Ruihai Investment Company Limited for RMB 3.9845 billion.

Do Zijin Mining Group's (HKG:2899) Earnings Warrant Your Attention?

Investor sentiment deteriorated over the past week

Zijin Mining Group Company Limited to Report Q3, 2022 Results on Oct 21, 2022

Investors Will Want Zijin Mining Group's (HKG:2899) Growth In ROCE To Persist

Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Is Zijin Mining Group (HKG:2899) A Risky Investment?

Here's Why We Think Zijin Mining Group (HKG:2899) Might Deserve Your Attention Today

Zijin Mining Group Company Limited to Report Q2, 2022 Results on Aug 12, 2022

Zijin Mining Group Company Limited Provides Earnings Guidance for the First Half Ended June 30, 2022

Zijin Mining Group Company Limited (SEHK:2899) agreed to acquire a 71.1391% equity interest in Hunan Houdao Mining Co., Ltd. from a group of shareholders for CNY 1.8 billion.

Zijin Mining Group Company Limited Announces Management Changes

Zijin Mining Group Company Limited (SEHK:2899) completed the acquisition of a 15.02% stake in Fujian Longking Co., Ltd. (SHSE : 600388) from Longjing Industrial Investment Group Co., Ltd., Tibet Yango Hongrui Industrial & Trade Co., Ltd. and Tibet Yango Ruize Industrial Co., Ltd.