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Named counterparties identified by open-source research and written only where a primary source states the relationship — never inferred from sector or co-mention. 1 supplier, 1 customer-side. This is a partial view: it covers the relationships we could evidence, not the company's full supply base.
Zijin discloses Zisen (Xiamen) and subsidiaries as its associate. H1-2026: Zijin bought copper and zinc concentrate from them for RMB 337.5m (H1-2025 RMB 650.0m) and sold them zinc concentrate and cathode copper for RMB 250.2m (RMB 620.3m), at market price; RMB 1.916bn notes payable to them at 30 Jun 2026. Zisen's other customers and suppliers are not disclosed.
Scope. Absence of a counterparty here is not evidence that none exists — most commercial sourcing is confidential and never becomes public. Rows without a share figure mean no share was disclosed, not that the relationship is small.
8 other tracked dossiers name this company as a counterparty in its own sourced disclosure — this platform never wrote these rows on this company's own page, they are read here inverted from the dossier that disclosed them. This is a partial view: 1004 additional named-counterparty rows across the corpus could not be matched to a tracked dossier by name at all (mostly non-Latin legal names), so the true count is higher than what renders here.
Disclosed as the Group's associate (联营企业) and subsidiaries. Purchases of raw materials, market price: RMB 580,306,937 in FY2025 (down from RMB 1,282,137,925 in FY2024, -54.7%).
FY2024 comparative: RMB 1,282,137,925 in raw-material purchases from Zisen (Xiamen) and subsidiaries.
Reciprocal flow: sale of zinc concentrate and cathode copper, market price. RMB 516,224,858 in FY2025 (down from RMB 723,473,406 in FY2024, -28.6%) — directly copper-chain-relevant (cathode copper is Zijin's refined product).
FY2024 comparative: RMB 723,473,406 in zinc concentrate / cathode copper sales to Zisen (Xiamen) and subsidiaries.
RMB 337,519,792 in copper and zinc concentrate purchases (购买铜精矿与锌精矿, market price); H1-2025 comparative RMB 650,041,193 (-48.1%). Zisen is an associate (联营企业) per the relationship table. Source: 财务报表附注 十二.5(A) 关联方商品和劳务交易 (interim financial-statement note; the interim carries no top-5 table, so no share_pct).
H1-2025 comparative from the same H1-2026 filing: RMB 650,041,193 in copper and zinc concentrate purchases (购买铜精矿与锌精矿, market price). Source: 财务报表附注 十二.5(A) 关联方商品和劳务交易 (interim financial-statement note; the interim carries no top-5 table, so no share_pct).
RMB 250,192,822 in zinc concentrate and cathode copper sales (销售锌精矿与阴极铜, market price); H1-2025 comparative RMB 620,308,481 (-59.7%). Zisen is an associate (联营企业). Source: 财务报表附注 十二.5(A) 关联方商品和劳务交易 (interim financial-statement note; the interim carries no top-5 table, so no share_pct).
H1-2025 comparative from the same H1-2026 filing: RMB 620,308,481 in zinc concentrate and cathode copper sales (销售锌精矿与阴极铜, market price). Source: 财务报表附注 十二.5(A) 关联方商品和劳务交易 (interim financial-statement note; the interim carries no top-5 table, so no share_pct).
Scope. This section is inverted evidence: each linked dossier wrote the original row about itself, describing its own relationship to this company. It is never a claim this company itself disclosed. Absence here is not evidence of no relationship — most of the corpus has no named-counterparty block at all yet.
This company sits on the supply side for 2 of its 2 materials — a restriction on those is a tailwind, not a headwind.
As a producer, policy pressure across its produced materials is flat.
Descriptive trend in official policy actions on this company’s materials — a policy-pressure trend, not a price or trading signal. No forward probability is implied. Direction is measured on actions we have discovered, and discovery lags events: where the recent window is too thin to support a calm reading, the row says coverage-limited instead of easing.
No actions in the register have named or swept this company in the last 24 months.