CCB International: Maintains Zijin Mining's "outperform the market" rating, target price raised to 22.1 Hong Kong dollars.

CICC released a research report stating that it has raised the target price of Zhaojin Mining from 16.4 Hong Kong dollars to 22.1 Hong Kong dollars, an increase of 35%, while maintaining an "outperform the market" rating. Zhaojin exceeded expectations in the first quarter of 2025, with a year-on-year revenue growth of 54%, a net profit growth of 198%, and a gross profit margin expanding to 50.3%, the highest level since the fourth quarter of 2021. The net profit in the first quarter of 2025 also reached a historical high.