en.Wedoany.com Reported - In early June 2026, the 2025 annual shareholders' meeting of China's listed mining company Zijin Mining Group Co., Ltd. (601899.SH/02899.HK) was held at its headquarters in Shanghang County, Fujian Province, with over 150 participants including domestic and international institutional analysts, shareholders, and representatives. Company Chairman Zou Laichang disclosed at the meeting that full-year revenue for 2025 reached 349.1 billion yuan, a year-on-year increase of 15%; net profit attributable to the parent company was 51.8 billion yuan, up 62% year-on-year; and profit for the first quarter of 2026 exceeded 20 billion yuan, nearly doubling year-on-year.
Zou Laichang announced at the meeting that the company has added a "production expansion" dimension to its existing growth strategy, aiming to dilute fixed costs through economies of scale to reduce costs and increase efficiency, while accelerating the release of production capacity for major minerals. Management also proposed a "three-year plan and ten-year vision": by 2028, copper and gold production will rank among the global top three; by 2035, the company aims to fully establish itself as a "green, high-tech, world-class international mining group."
In terms of cost control, Zou Laichang noted that "digitalization and intelligence are the essential paths to achieving 'intrinsic safety' and reducing costs." Currently, Shanxi Zijin has achieved unmanned mining across entire sections, Tibet Julong Zhibula mine has implemented unmanned transportation, and Zijinshan is being fully developed as a global model for open-pit unmanned and intelligent mining; overseas, Norton Gold Fields has launched its first commercial unmanned driving project. Company President Lin Hongfu revealed plans to replace traditional fuel vehicles with new energy mining trucks within three years. Data shows that the Zijin Longjing LK220E pure electric mining truck achieves a stable daily haulage volume of over 2,000 tons, with equipment attendance rates exceeding 90%, and ton-kilometer electricity consumption reduced by more than 17% compared to traditional fuel models.
Regarding resource enrichment, Zou Laichang emphasized "adhering to a dual-drive approach of precise mergers and acquisitions and low-cost independent exploration," with future overseas M&A focusing on domestic and neighboring countries, regions accessible by land routes, and areas with controllable risks; the company is advancing from "managing globally from China headquarters" to "operating globally through a global system."
The shareholders' meeting announced a dividend plan: a total of 16 billion yuan in dividends for 2025; the approved "Shareholder Dividend Return Plan for the Next Three Years (2026-2028)" specifies that cumulative cash-distributed profits shall generally be no less than 35% of the cumulative distributable profits realized during the period. Regarding the lithium segment, Lin Hongfu stated that the production cost of lithium carbonate is between 50,000 and 60,000 yuan per ton, with a planned output of 120,000 tons equivalent in 2026, and a target to form 270,000 to 320,000 tons equivalent capacity by 2028; many of the company's mines also produce by-products such as tungsten, tin, and molybdenum, with molybdenum output expected to rank among the global top, and tungsten capacity targeting 8,000 tons.
The introduction of the "production expansion" strategy and dividend commitments at this shareholders' meeting mark the establishment of a phased balancing mechanism between resource expansion and shareholder returns by Zijin Mining's new management, helping to drive the company toward its set long-term strategic goals.
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