Zijin Mining Group Company Limited
2899Company Overview
The company is a large-scale multinational mining group focusing on exploration and development of metal mineral resources such as gold and copper, and application research of engineering technology. It is engaged in exploration and development of mineral resources such as gold, copper, and zinc on a global scale, and moderately extends smelting, processing and trade finance businesses, etc., and has a relatively complete industrial chain. The company's main products include gold, copper, zinc and other related products. Among them: gold products mainly include gold concentrate and standard gold ingots; copper products mainly include copper concentrate, crude copper, and cathode copper; zinc products mainly include zinc concentrate and electrolytic zinc. Corporate honors: “Fujian Science and Technology Enterprise” honorary certificate, Guizhou Province's 2017 “Thousand Enterprise Transformation” project leading enterprises, China's top ten gold mining enterprises, etc.
Shariah Compliance Benchmarks:
- Business Compliance: Non-Shariah compliant revenue must be less than 5% of total revenue
- Liabilities Compliance: Interest-bearing debt must be less than 33% of market capitalization
This stock does not meet all Shariah compliance criteria according to AAOIFI standards.
| Name | Zijin Mining Group Company Limited |
| Ticker | 2899 |
| Main Business | Gold |
| Type | Common Stock |
| Industry | Gold |
| Country | HK |
| Market Cap | $43.35 B |
Shariah Analysis Breakdown
| Revenue Segment | Value ($M) | Non-Compliant ($M) | Reason |
|---|---|---|---|
| Revenue | $293,403.2 | $0.0 | - |
| Interest income | $1,937.5 | $1,937.5 | - |
| Total | $295,340.7 | $1,937.5 | 0.65% (passed) |
| Liability Item | Value ($M) | % of Market Cap |
|---|---|---|
| short term borrowing | $2,939,775,910.4 | 6.78% |
| notes payable | $260,504,201.7 | 0.60% |
| long term bank loan | $10,858,543,417.4 | 25.05% |
| Total Interest-Bearing Debt | $14,058,823,529.4 | 32.43% |
| Market Capitalization | $43,345,846,153.8 | 100.00% |
| Compliance Status | Threshold: 33% | failed |