The latest semi-annual report from the mainland mining giant Zijin Mining has revealed multiple low-level errors, with three unit names being misspelled. One of the errors was first seen in the 2020 annual report and still persists in the latest report six years later.
According to a report from the financial column “BUG” on Sina Finance, Zijin Mining’s 2026 semi-annual report spans 266 pages, and at least three unit names were misspelled in the “Notes to the Consolidated Financial Statements.”
Among them, the “People’s Government of Mocog Gar County” was written as the “People’s RMB Government of Mocog Gar County”; the “Qinghai Xining Rural Commercial Bank Co., Ltd.” was missing the word “Bank”; and the “Jiangsu Zangqing New Energy Industry Development Fund Partnership Enterprise” was written as the “Jiangsu Zangqing New Xiongyuan Gao Industry Development Fund Partnership Enterprise.”
Zijin Mining issued a correction notice on September 5, acknowledging the textual errors in the three unit names.
Zijin Mining is listed in both Shanghai and Hong Kong. In the first half of this year, the company’s operating income was 194.178 billion RMB, with a net profit attributable to the parent company of 39.17 billion RMB.
A related investigation showed that the error of “RMB Government” can be traced back to the 2020 annual report; the two errors of “New Xiongyuan” and the omission of “Bank” have been present at least since the 2025 semi-annual report.
Over the past six years, Zijin Mining has gone through changes in chairmanship, with the board secretary transitioning from Zheng Youcheng to Gao Wenlong. Several reports from the company state in their “Important Notes” section that the directors and senior management guarantee the truthfulness, accuracy, and completeness of the report content.
Bai Wenxi, Vice Chairman of the China Enterprise Capital Alliance, expressed to the “BUG” column that the errors persisting over six years, spanning two board secretaries without correction, reflect a lack of substantial checks on basic information in the regular report preparation and disclosure process, with possible oversights in relevant reviews.
The incident has raised doubts among mainland investors. Some have said, “One mistake might be understandable, but making three mistakes is simply unacceptable.” Others are questioning, as a semi-annual report goes through multiple processes from preparation, internal review to board approval, “what exactly is being reviewed in the so-called audit?”