Zijin Mining Group Company Limited

2899
Failed

Company 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.

Country
HK
Market Cap
$43.35B
Last Fiscal Year
2023
Final Shariah Status
Failed
Compliance Analysis Overview

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
Business Compliance
0.65% passed
5% Threshold
0.7%
Liabilities Compliance
32.43% failed
33% Threshold
32.4%
Final Shariah Status
Failed

This stock does not meet all Shariah compliance criteria according to AAOIFI standards.

Stock Information
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

Business compliance 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 $1,937.5 0.65% (passed)
Liabilities Compliance Breakdown
Liability Item Value ($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