Zijin Mining, a major global metals miner, distributed RMB 10.1 billion (US$1.4 billion) in cash dividends for the fiscal year 2024, ranking 38th among China’s A-share listed companies in total payout, according to a recent industry ranking.

Released by the China Association for Public Companies on August 8, the rankings are based on cash dividend data and multiple other metrics, resulting in three separate lists: Total Dividend Payout, Dividend Payout Ratio, and Dividend Yield. Each list features 100 companies.

Strong, Sustained Shareholder Returns

Robust operational performance and earnings growth have enabled Zijin to deliver consistent shareholder returns, boosting investor confidence in the company’s long-term growth trajectory. The company’s market capitalization has repeatedly reached new highs in recent years, hitting a record RMB 561.8 billion (US$78.5 billion) at the market close on August 13.

Zijin places a high priority on rewarding investors through cash dividends. Over the past five years, its cash dividends have totaled approximately RMB 26.8 billion, representing nearly half of all dividends paid since its initial public offering, with an annual average growth rate of over 20%.

Since its 2003 listing on the H-share market in Hong Kong, Zijin has generated RMB 143.3 billion in cumulative net profit attributable to shareholders and distributed a total of RMB 55.3 billion in cash dividends, resulting in a dividend payout ratio of 38.6%. Notably, supported by a sustained high level of shareholder returns, the company’s cumulative cash dividends have surpassed the capital it raised over the years since its listing.

Translator: Li Yuanxing   Reviser: Jian  Editor-in-Chief: Fa Yuan