香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不會對因本公 告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何 責任。 ZHAOJIN MINING INDUSTRY COMPANY LIMITED* 招 金 礦 業 股 份 有 限 公 司 （於中華人民共和國註冊成立的股份有限公司） 1818 （股份代號： ） 截 至 二 零 二 三 年 六 月 三 十 日 止 六 個 月 中 期 業 績 公 告 財務概要 (cid:129) 3,446,912,000 2.51% 於本期間，收入約為人民幣 元，比去年同期下降了約 。 (cid:129) 365,360,000 74.13% 於本期間，淨利潤約為人民幣 元，比去年同期增長了約 。 (cid:129) 252,858,000 於本期間，母公司股東應佔溢利約為人民幣 元，比去年同期 134.61% 增長約 。 (cid:129) 於本期間，母公司普通股股東應佔之每股基本及攤薄盈利約為人民幣 0.04 33.33% 元，比去年同期增長了約 。 (cid:129) ...

B_table indent_4.5 mm N_table indent_4 mm 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任 何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 ZHAOJIN MINING INDUSTRY COMPANY LIMITED* 招金礦業股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：1818） 二零二三年第一季度報告 本公告乃根據香港聯合交易所有限公司證券上市規則（「上市規則」）第13.09(2)及 13.10B條以及香港法例第571章證券及期貨條例第XIVA部項下內幕消息條文（定義 見上市規則）而作出。 二零二二年九月二十一日，招金礦業股份有限公司（「本公司」）發行了二零二二年 度第一期中期票據（「中期票據」）。載有該中期票據發行詳情的相關文件可在中國 貨幣網(http://www.chinamoney.com.cn)及上海清算所網站(http://www.shclearing.com)閱 覽。 根據中華人民共和國（「中國」）相關法規，本公 ...

Company Overview - Zhaojin Mining Industry Company Limited is a leading gold producer in China, with a focus on exploration, mining, and refining operations[8]. - The company was established on April 16, 2004, and was listed on the Hong Kong Stock Exchange on December 8, 2006[8]. - Zhaojin Mining's main products include 9999 gold and 9995 gold bars, with production technology reaching domestic leading and international advanced levels[8]. - The company is located in Zhaoyuan City, Shandong Province, which accounts for approximately 10% of China's total remaining gold resources[8]. - Zhaojin Mining is recognized as a national high-tech enterprise, emphasizing its commitment to innovation and technology[8]. - The company has a strong market position as one of the largest gold refining enterprises in China[8]. - Zhaojin Mining's operations are supported by a rich resource base and a long history of gold mining in the region[8]. - The company is backed by several major investors, including Shandong Zhaojin Group and Shanghai Fosun Industrial Investment Co., Ltd.[8]. Financial Performance - The company achieved a total gold production of 27,350.77 kg (approximately 879,347.08 ounces) in 2022, representing a year-on-year increase of about 15.61%[15]. - Revenue for the year was approximately RMB 7,885,557,000, an increase of about 14.96% compared to RMB 6,859,446,000 in 2021[16]. - Net profit for the year reached approximately RMB 560,186,000, a significant increase of about 193.24% from RMB 191,033,000 in 2021[16]. - Basic and diluted earnings per share attributable to ordinary shareholders were approximately RMB 0.07, reflecting a 600% increase compared to RMB 0.01 in 2021[16]. - The total asset value increased to RMB 45,887,495,000 in 2022, up from RMB 43,022,606,000 in 2021[11]. - Cash and cash equivalents rose to RMB 3,583,213,000 in 2022, compared to RMB 2,998,213,000 in 2021[11]. - The group's revenue for the year was approximately RMB 7,885,557,000, representing an increase of about 14.96% compared to RMB 6,859,446,000 in 2021, attributed to increased gold sales and rising gold prices[32]. - Gross profit for the year was approximately RMB 2,655,912,000, a decrease of about 1.34% from RMB 2,692,077,000 in 2021, with a gross margin of approximately 33.68%, down 5.57% from 39.25% in 2021[33]. Production and Resources - The company holds approximately 38.29 million ounces of gold mineral resources and about 15.50 million ounces of gold reserves as of December 31, 2022[10]. - The total gold ore reserves for the company are reported at 146.377 million tons with an average grade of 3.68 g/t, yielding a total metal quantity of 538.47 tons[24]. - The copper ore reserves stand at 11.340 million tons with an average grade of 1.19%, resulting in a total metal quantity of 134.40 kt[24]. - The company has identified a significant increase in inferred resources, with gold ore reserves rising from 124.318 million tons to 151.193 million tons, reflecting a 21.6% increase[24]. - The total gold metal quantity from key mining projects includes 67.73 tons from Xiadian Gold Mine and 249.66 tons from Ruihai Mining, contributing significantly to the overall resource base[22]. Strategic Initiatives - Zhaojin Mining aims to expand its market presence and enhance its production capabilities in the gold industry[8]. - The company plans to continue increasing gold reserves and production while actively participating in the integration and development of domestic and international gold resources[9]. - The company is actively exploring new mining sites, with several projects showing promising results in terms of ore quality and quantity[25]. - The company plans to expand its market presence through potential acquisitions and partnerships in the mining sector[25]. - The company is focused on expanding its mining rights and increasing overall production scale through strategic investments and acquisitions[44]. Research and Development - The company invested RMB 120 million in R&D, establishing 1 national-level platform and 12 provincial and municipal-level platforms, and received 6 provincial and ministerial-level scientific and technological awards[20]. - Ongoing research and development efforts are focused on improving extraction technologies to enhance overall efficiency and reduce costs[25]. - Research and development investments increased by 30%, focusing on innovative mining technologies[49]. Corporate Governance - The company is committed to maintaining high standards of corporate governance and transparency in its operations[8]. - The board of directors proposed a cash dividend of RMB 0.04 per share for shareholders, compared to no dividend in 2021[17]. - The company has established a safety and environmental protection committee to ensure compliance with environmental laws and regulations[83]. - The company emphasizes high standards of corporate governance as key to its success and shareholder value creation[158]. Market Trends and Outlook - In 2023, the company anticipates higher gold prices due to a gradual decline in U.S. inflation and a slowdown in the Federal Reserve's interest rate hikes[44]. - The company provided a positive outlook for the next quarter, projecting a revenue increase of 10%[50]. - The average international gold price for the year was USD 1,800.09 per ounce, with a peak of USD 2,070.42 per ounce[17]. Employee and Shareholder Relations - As of December 31, 2022, the company had a total of 6,760 employees and invested RMB 1.4371 million in employee training throughout the year[87]. - The company has established a compensation policy linking employee remuneration to company performance and individual work performance[87]. - The total number of shareholders recorded on December 31, 2022, was 1,358, including 2 domestic shareholders and 1,356 overseas H-share shareholders[88]. Changes in Leadership - The company has seen significant leadership changes, with several key executives resigning in early 2022[55]. - Ding Jun resigned as Vice Chairman and Non-Executive Director of the company in November 2022[56]. - The board of directors has undergone changes, with Mr. Jiang Guipeng appointed as the new chairman and executive director effective March 24, 2023[149]. Compliance and Risk Management - The company has established a risk management and internal control system to ensure compliance with regulations and safeguard assets, with the board responsible for its effectiveness[191]. - The company confirms that there are no significant uncertainties affecting its ability to continue as a going concern[182]. - The audit committee is tasked with overseeing the company's internal audit system and ensuring effective communication between internal and external auditors[179].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告 全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責 任。 ZHAOJIN MINING INDUSTRY COMPANY LIMITED* 招 金 礦 業 股 份 有 限 公 司 （於中華人民共和國註冊成立的股份有限公司） 1818 （股份代號： ） 截 至 二 零 二 二 年 十 二 月 三 十 一 日 止 年 度 全 年 業 績 公 告 財務概要 7,885,557,000 截至二零二二年十二月三十一日止年度，本集團收入約人民幣 2021 6,859,446,000 14.96% 元（ 年：人民幣 元），較去年增加約 。 560,186,000 截至二零二二年十二月三十一日止年度，本集團淨利潤約為人民幣 2021 191,033,000 193.24% 元（ 年：人民幣 元），較去年增加約 。 截至二零二二年十二月三十一日止年度，歸屬於母公司普通股股東應佔之 0.07 0.07 2021 每股基本及攤薄盈利分別約為人民幣 元和人民幣 元（ 年分別為： 0 ...

Financial Performance - Total operating revenue for the first nine months of 2022 reached RMB 5,788,795,695.63, an increase of 7.9% compared to RMB 5,362,796,762.47 in the same period of 2021[12]. - Net profit attributable to shareholders for the first nine months of 2022 was RMB 265,319,654.66, significantly up from RMB 34,920,735.78 in the same period of 2021, representing a growth of 659.2%[12]. - Basic earnings per share for the first nine months of 2022 was RMB 0.08, compared to RMB 0.01 in the same period of 2021[12]. - Operating revenue for the first nine months of 2022 reached RMB 2,583,047,580.03, an increase of 17.4% compared to RMB 2,200,065,359.84 in the same period of 2021[13]. - Net profit attributable to shareholders for the first nine months of 2022 was RMB 589,196,543.00, up 38.3% from RMB 426,010,293.13 in the previous year[13]. - Basic earnings per share increased to RMB 0.18 from RMB 0.13, reflecting a growth of 38.5%[13]. - The total profit for the first nine months of 2022 was RMB 670,644,753.57, an increase of 46.8% compared to RMB 456,711,824.85 in the same period of 2021[13]. Assets and Liabilities - As of September 30, 2022, total assets increased to RMB 46.49 billion from RMB 42.91 billion as of December 31, 2021, representing an increase of approximately 8.1%[2][3]. - Current assets rose to RMB 14.92 billion, up from RMB 11.98 billion, marking a growth of about 24.9%[2]. - Total liabilities rose to RMB 26.74 billion from RMB 23.25 billion, indicating an increase of approximately 6.4%[5]. - The company's total assets increased from RMB 33,983,618,611.99 as of December 31, 2021, to RMB 39,078,140,780.60 as of September 30, 2022, reflecting a growth of 15.5%[10]. - Current assets rose from RMB 14,016,180,101.08 to RMB 17,598,571,665.14, marking an increase of 25.8%[7]. - The total liabilities increased from RMB 15,645,018,497.20 to RMB 20,836,590,144.71, indicating a rise of 33.1%[10]. - The company's total current liabilities rose from RMB 10,066,993,683.96 at the end of 2021 to RMB 13,168,770,766.56 by September 30, 2022, an increase of 30.5%[25]. Cash Flow - Net cash flow from operating activities was RMB 223,969,025.02, indicating a positive cash generation despite increased operational costs[14]. - Cash flow from investing activities showed a net outflow of RMB 1,803,363,465.36, primarily due to significant investments in fixed assets[14]. - Cash flow from financing activities showed a net inflow of RMB 1,725,033,721.66, supported by substantial borrowings of RMB 70,774,039,526.04[14]. Inventory and Receivables - The company reported an increase in inventory to RMB 4.72 billion from RMB 4.18 billion, which is an increase of approximately 13%[2]. - Other receivables surged to RMB 1.28 billion from RMB 221.68 million, reflecting a significant increase of approximately 478%[2]. Investments and Expenses - The company's financial expenses decreased from RMB 408,041,513.01 to RMB 299,080,556.94, a reduction of 26.7%[12]. - The company recorded investment income of RMB 114,676,232.82, a decrease from RMB 265,546,344.43 in the previous year, highlighting challenges in investment performance[13]. - Operating expenses increased to RMB 7,889,853.32 from RMB 5,339,938.17, reflecting a rise of 47.5%[29]. Future Plans - The company plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency and profitability[16]. - The company has invested in new product development, with development expenditures recorded at RMB 15.60 million as of September 30, 2022[18].

Financial Performance - The group achieved revenue of approximately RMB 3,535,654,000 for the six months ended June 30, 2022, representing a year-on-year increase of about 1.41% compared to RMB 3,486,564,000 in the same period last year [10]. - Net profit for the period was approximately RMB 209,817,000, a significant increase of about 119.83% from RMB 95,443,000 in the same period last year [11]. - The profit attributable to equity shareholders of the parent company was approximately RMB 107,780,000, reflecting a substantial increase of about 493.40% from RMB 18,163,000 in the same period last year [13]. - Basic and diluted earnings per share for the period were approximately RMB 0.03, an increase of about 493.40% compared to RMB 0.006 in the same period last year [14]. - The company's gross profit was approximately RMB 1,332,491,000, reflecting a growth of about 12.97% compared to RMB 1,179,467,000 in the same period last year [26]. - Other income and gains increased by approximately 15.51% to RMB 305,189,000 from RMB 264,220,000 in the same period last year [27]. - The company reported a total comprehensive income of RMB 225,892,000 for the period, compared to RMB 84,697,000 in 2021 [77]. - The total tax expense for the period was RMB 108,984,000, compared to RMB 64,716,000 in the previous year, reflecting an increase of approximately 68.3% [103]. Production and Operations - Total gold production for the period was approximately 13,516.27 kg (about 434,557.71 ounces), a decrease of about 0.25% year-on-year, with mined gold increasing by approximately 62.23% to 8,651.78 kg (about 278,160.94 ounces) while refined gold decreased by about 40.80% [12]. - The comprehensive cash cost of gold was approximately RMB 193.98 per gram, down about 20.17% from RMB 242.98 per gram in the same period last year [24]. - The company invested RMB 0.45 billion in geological exploration, resulting in an addition of 16.01 tons of gold metal and 623 tons of copper metal [18]. - The company completed technology innovation investments totaling RMB 0.58 billion, implementing 34 technology innovation projects and applying for 25 new patents [19]. - The company plans to enhance production capacity and efficiency, focusing on core mining operations and resource development in the second half of 2022 [42]. Financial Position - Cash and cash equivalents as of June 30, 2022, were approximately RMB 5,122,606,000, an increase of about 70.86% from RMB 2,998,213,000 at the end of the previous year [30]. - Total assets as of June 30, 2022, were approximately RMB 46,468,068,000, representing an increase of about 8.01% from RMB 43,022,606,000 as of December 31, 2021 [33]. - Total liabilities increased by approximately 14.98% to RMB 26,783,335,000 as of June 30, 2022, compared to RMB 23,293,732,000 as of December 31, 2021 [35]. - The net asset value as of June 30, 2022, was approximately RMB 19,684,733,000, a slight decrease of about 0.22% from RMB 19,728,874,000 as of December 31, 2021 [34]. - The company’s leverage ratio was approximately 43.94% as of June 30, 2022, compared to 41.29% as of December 31, 2021 [35]. Shareholder Information - The company reported a total of 1,377 shareholders as of June 30, 2022, with 2 domestic shareholders and 1,375 overseas H-share shareholders [48]. - Major shareholders include Shanghai Fosun Industrial Investment Co., Ltd., holding approximately 23.34% of the issued H shares [51]. - The company confirmed sufficient public float of its shares during the reporting period [59]. Risk Management and Compliance - The company faced challenges such as domestic COVID-19 outbreaks and economic pressures but managed to effectively mitigate risks and maintain stable operations [17]. - The company has not engaged in any interest rate swaps or hedging activities during the period to manage interest rate risk [37]. - The company has established forward contracts for copper and gold to hedge against price fluctuations [40]. - The company has complied with the Corporate Governance Code during the period from January 1, 2022, to June 30, 2022 [70]. Future Outlook - The company aims to strengthen investment and resource acquisition efforts, targeting breakthroughs in resource development [43]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth [80]. - The company will implement a transparent democratic management system to address employee concerns and enhance workforce motivation [45].

Financial Performance - The company's operating revenue for Q1 2022 reached RMB 1,697,136,182.40, an increase of 23.4% compared to RMB 1,375,411,196.75 in Q1 2021[12]. - Net profit attributable to shareholders for Q1 2022 was RMB 84,277,253.26, up from RMB 22,812,079.53 in Q1 2021, representing a significant increase of 269.5%[12]. - Total profit for Q1 2022 was RMB 93.93 million, an increase of 53.24% compared to RMB 61.33 million in Q1 2021[13]. - Net profit attributable to shareholders for Q1 2022 was RMB 79.84 million, up 53.24% from RMB 52.13 million in Q1 2021[29]. - Earnings per share for Q1 2022 was RMB 0.03, compared to RMB 0.01 in Q1 2021, indicating a 200% increase[12]. Assets and Liabilities - As of March 31, 2022, the total assets of Zhaojin Mining Industry Company Limited increased to RMB 46.27 billion from RMB 42.91 billion as of December 31, 2021, representing an increase of approximately 7.9%[2][5]. - The total current liabilities increased from RMB 15.77 billion to RMB 18.09 billion, reflecting a rise of about 8.4%[3]. - The total liabilities increased from RMB 23.25 billion to RMB 26.32 billion, an increase of approximately 13.3%[4]. - The company's total equity increased from RMB 19.66 billion to RMB 19.95 billion, marking a growth of approximately 1.5%[5]. - The total assets increased from RMB 33,983,618,611.99 as of December 31, 2021, to RMB 38,005,519,714.33 as of March 31, 2022, reflecting a growth of 11.9%[11]. Cash Flow - Cash flow from operating activities for Q1 2022 was RMB 134.61 million, compared to a cash outflow in the previous period[14]. - Total cash inflow from operating activities was RMB 2.78 billion, while cash outflow was RMB 2.65 billion, resulting in a net cash flow of RMB 134.61 million[14]. - The net increase in cash and cash equivalents for Q1 2022 was RMB 1.96 billion[14]. - Cash and cash equivalents rose significantly from RMB 3.76 billion to RMB 5.72 billion, an increase of approximately 52.4%[2]. - Cash inflow from financing activities in Q1 2022 amounted to RMB 10.74 billion, with a net cash inflow of RMB 2.84 billion after debt repayments[30]. Investments and Expenses - The company reported a decrease in financial expenses from RMB 164,473,314.43 in Q1 2021 to RMB 123,876,803.11 in Q1 2022, a reduction of 24.7%[12]. - The company’s financial expenses decreased significantly to RMB 35.34 million in Q1 2022 from RMB 65.51 million in Q1 2021, reflecting improved cost management[29]. - Investment activities resulted in a net cash outflow of RMB 1.01 billion in Q1 2022, primarily due to cash payments for investments totaling RMB 917.40 million[15]. - The company reported a net cash outflow from investing activities of RMB 1.01 billion in Q1 2022, indicating increased investment efforts[30]. Operational Metrics - The company's inventory balance increased from RMB 4.18 billion to RMB 4.29 billion, a rise of about 2.6%[2]. - The accounts receivable increased significantly from RMB 158.54 million to RMB 380.13 million, representing an increase of approximately 139.5%[2]. - The total operating costs for Q1 2022 were RMB 381.55 million, up from RMB 302.15 million in Q1 2021, indicating rising operational expenses[29]. - The company received RMB 1.76 billion from sales of goods and services in Q1 2022, contributing to strong cash flow generation[31]. Future Plans - The company plans to expand its market presence and invest in new technologies to enhance operational efficiency[28]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[32].

Company Overview - Zhaojin Mining has approximately 39.19 million ounces of gold mineral resources and about 15.79 million ounces of recoverable gold reserves as of December 31, 2021[8]. - The company is recognized as one of China's leading gold producers and the largest gold refining enterprise in the country[8]. - Zhaojin Mining aims to continuously increase gold reserves and production while actively participating in the integration and development of gold resources domestically and internationally[8]. - The company was established on April 16, 2004, and listed on the Hong Kong Stock Exchange on December 8, 2006[8]. - Zhaojin Mining's operations are primarily located in Zhaoyuan City, which accounts for approximately 10% of China's total remaining gold resources[8]. - The company has multiple subsidiaries and joint ventures across major gold-producing regions in China as of December 31, 2021[8]. - Zhaojin Mining's development philosophy emphasizes sustainable growth and delivering excellent performance to shareholders and society[8]. Financial Performance - The company's total revenue for 2021 was approximately RMB 6,859,446,000, a decrease of about 10.32% compared to RMB 7,648,587,000 in 2020[17]. - The net profit for 2021 was approximately RMB 191,033,000, representing a significant decline of about 84.53% from RMB 1,234,798,000 in 2020[17]. - Earnings per share attributable to ordinary shareholders were RMB 0.01, a decline of approximately 96.80% from RMB 0.32 in 2020[17]. - The gross profit was approximately RMB 2,692,077,000, representing a decrease of about 25.53% from RMB 3,615,171,000 in 2020, with a gross margin of approximately 39.25%[34]. - Other income and gains decreased by approximately 30.84% to RMB 557,978,000 from RMB 806,759,000 in 2020[34]. - The company's net profit attributable to shareholders was approximately RMB 33,697,000, a significant decrease of about 96.80% from RMB 1,052,163,000 in 2020[36]. Production and Operations - The total gold production for the year was 23,657.20 kg (approximately 760,596.10 ounces), a decrease of about 33.58% compared to the previous year[16]. - The copper production for 2021 was 7,216 tons, down approximately 38.12% year-on-year[17]. - The company aims to achieve a total gold production of 27,978.34 kg (approximately 89.95 million ounces) in 2022, with 14,722.53 kg (approximately 47.33 million ounces) coming from mining[43]. - In 2021, the total gold ore consumption was 4,613,989 tons with an average grade of 2.43 g/t, resulting in a total metal amount of approximately 106.93 tons[26]. - The total copper ore consumption in 2021 was 125,346 tons with an average grade of 1.42%, yielding a total metal amount of approximately 29.86 kt[27]. Technological Advancements - The company reported a commitment to technological advancement and management innovation to enhance its competitive advantages in gold production[8]. - The company implemented 42 technical innovation projects and applied for 87 patents, with 125 patents granted throughout the year[20]. - The company is recognized as a national high-tech enterprise, reflecting its commitment to innovation in the gold industry[8]. Corporate Governance - The company has a strong focus on internal audits, human resources, and management, with experienced personnel in key positions[54][55]. - The board of directors consists of 11 members, including 3 executive directors, 4 non-executive directors, and 4 independent non-executive directors[134]. - The independent non-executive directors account for 36% of the board, meeting the listing rules requirements[135]. - The company emphasizes the importance of corporate governance as a shared responsibility among directors, including policy formulation and compliance monitoring[162]. Social Responsibility - The company engaged in social responsibility initiatives, providing over RMB 6 million in donations and support for 110 households in poverty alleviation efforts[20]. - The company has maintained a good relationship with customers throughout the year, with no reported strikes or workplace accidents[75]. - The company respects the interests of employees, shareholders, government, and community, ensuring employee welfare and community benefits[177]. Future Outlook - The company has provided a positive outlook for the next fiscal year, projecting a revenue growth of 12% to 15% based on current market trends[48]. - The company will invest RMB 933 million in infrastructure and technological upgrades in 2022[43]. - A total of RMB 40 million is allocated for technological innovation projects, with 35 projects planned for the year[43]. - The company aims to add 26 tons of new gold resources and 1,000 tons of new copper resources through geological exploration investments of RMB 124 million in 2022[44]. Shareholder Information - The company has a total of 6,896 employees as of December 31, 2021, and invested RMB 2.7864 million in employee training during the year[77]. - The company has established an employee stock ownership plan to enhance corporate governance and retain talent[88]. - The major shareholders' interests in the company's issued share capital were disclosed, with specific percentages noted[83]. Risk Management - The company has committed to a risk management strategy to ensure stable development and safety in production[44]. - The company has established a framework for ongoing transactions with its controlling shareholder, ensuring compliance with regulatory requirements[100]. - The company has a board of directors consisting of four non-executive directors and four independent non-executive directors, accounting for approximately 72.73% of the total board members[141].

Financial Performance - The company achieved revenue of approximately RMB 3,486,564,000 for the six months ended June 30, 2021, representing an increase of about 11.32% compared to RMB 3,131,980,000 in the same period last year [11]. - Net profit for the period was approximately RMB 95,443,000, a decrease of about 79.08% from RMB 456,168,000 in the same period last year [12]. - The profit attributable to equity holders of the parent company was approximately RMB 18,163,000, down about 95.60% from RMB 412,392,000 in the same period last year [13]. - Basic and diluted earnings per share were approximately RMB 0.006, a decrease of about 95.38% compared to RMB 0.13 in the same period last year [14]. - Gross profit for the period was approximately RMB 1,179,467,000, down about 13.06% from RMB 1,356,700,000 in the same period last year, with a gross margin decrease from approximately 43.32% to 33.83% [24]. - Other income and gains were approximately RMB 264,220,000, a decrease of about 28.68% from RMB 370,459,000 in the same period last year, mainly due to reduced fair value gains [25]. Production and Operations - Total gold production was approximately 13,549.79 kg (about 435,635.55 ounces), a decrease of about 11.03% year-on-year, with mined gold down by 32.67% [12]. - The total copper production was approximately 3,720 tons, a decrease of about 21.88% compared to the previous year [12]. - The company completed geological exploration investments of RMB 33,564,000 in the first half of the year, resulting in an additional gold metal amount of 18.26 tons and copper metal amount of 502.65 tons [16]. - The company faced significant pressure but managed to maintain operations and development amidst challenges, focusing on pandemic prevention and safety management [15]. Costs and Expenses - The comprehensive gold production cost was approximately RMB 242.98 per gram, an increase of about 45.16% from RMB 167.39 per gram in the same period last year [22]. - Sales costs for the period were approximately RMB 2,307,097,000, an increase of about 29.96% from RMB 1,775,280,000 in the same period last year, attributed to a higher proportion of purchased gold concentrate [23]. Assets and Liabilities - The total assets of the group as of June 30, 2021, were approximately RMB 40,302,103,000, reflecting a 1.54% increase from RMB 39,689,617,000 as of December 31, 2020 [31]. - The total liabilities as of June 30, 2021, were approximately RMB 23,400,601,000, an increase of about 3.39% from RMB 22,632,646,000 as of December 31, 2020 [33]. - The net asset value as of June 30, 2021, was approximately RMB 16,901,502,000, a decrease of about 0.91% from RMB 17,056,971,000 as of December 31, 2020 [32]. Shareholder Information - The total number of shareholders as of June 30, 2021, is 1,415, comprising 2 domestic shareholders and 1,413 overseas H-share shareholders [45]. - The major shareholder, Shanghai Jinyuan Tourism Mall (Group) Co., Ltd., holds 742,000,000 shares, representing 22.69% of the issued H shares [49]. - Guo Guangchang, through controlled entities, holds 869,200,000 shares, accounting for 26.58% of the issued H shares [49]. Cash Flow and Financing - Cash and cash equivalents as of June 30, 2021, were approximately RMB 2,069,293,000, an increase of about 12.43% from RMB 1,840,469,000 as of December 31, 2020 [29]. - The company issued short-term financing bonds with a face value of RMB 1 billion at an interest rate of 2.70% for a term of 180 days, aimed at repaying interest-bearing debts [64]. - The company reported a net cash inflow from financing activities of RMB 1,081,629,000 for the six months ended June 30, 2021, compared to RMB 1,660,005,000 in the same period of 2020, representing a decrease of approximately 34.7% [84]. Future Plans and Strategies - The company plans to achieve a total gold production of 23,347.84 kg (approximately 750,649.93 ounces) for the year, with 12,305.34 kg (approximately 395,625.57 ounces) coming from mined gold [40]. - The company aims to enhance production efficiency through technology diagnostics and improving recovery rates, focusing on high-quality development [40]. - The company will implement automation and intelligent systems in mining operations to enhance safety and efficiency [41]. Compliance and Governance - The company maintained compliance with the Corporate Governance Code during the reporting period, with no known violations [69]. - The Audit Committee reviewed the interim financial report for the six months ended June 30, 2021, and confirmed it was prepared in accordance with applicable accounting standards [71].

Financial Performance - The company's revenue for 2020 reached RMB 7,648,587,000, an increase from RMB 6,329,928,000 in 2019, representing a growth of approximately 20.8%[13] - Gross profit for 2020 was RMB 3,615,171,000, compared to RMB 2,289,963,000 in 2019, indicating a significant increase of about 58.1%[13] - The profit attributable to equity holders of the company was RMB 1,052,163,000, up from RMB 479,270,000 in the previous year, marking a growth of approximately 100.5%[13] - The company reported a pre-tax profit of RMB 1,337,421,000, which is an increase from RMB 595,687,000 in 2019, reflecting a growth of about 124.8%[13] - The earnings per share for 2020 was RMB 0.32, compared to RMB 0.15 in 2019, representing a growth of approximately 113.3%[13] - Net profit for 2020 was approximately RMB 1,234,798,000, a significant increase of about 181.77% compared to RMB 438,235,000 in 2019, primarily due to a substantial rise in gold prices[19] - The gross profit was approximately RMB 3,615,171,000, representing a 57.87% increase from RMB 2,289,963,000 in 2019, with a gross margin of about 47.27%[42] - Other income and gains increased by approximately 62.15% to RMB 806,759,000 from RMB 497,525,000 in 2019, primarily due to higher investment income[42] Production and Resources - In 2020, the total gold production reached 35,615.93 kg (approximately 1,145,077.92 ounces), an increase of about 8.93% compared to the previous year[19] - The total gold mineral resources owned by the company amounted to approximately 38.46 million ounces, with a recoverable gold reserve of about 15.43 million ounces as of December 31, 2020[11] - The company achieved a total gold production of 35,615.93 kg (approximately 1,145,077.92 ounces), with a year-on-year increase of 5.61% in self-produced gold of 16,467.48 kg (approximately 529,441.37 ounces)[25] - The total gold ore reserves for the company are reported at 147.119 million tons with an average grade of 3.63 g/t, yielding a total metal content of 534.27 tons[30] - The copper ore reserves amount to 11.651 million tons with an average grade of 1.21%, resulting in a total metal content of 141.35 kt[30] - The company has identified a significant increase in inferred resources, with the total gold ore reserves increasing to 195.398 million tons and a total metal content of 662.10 tons[30] - The average recovery rate for the company's gold mines is approximately 92.05%, with a dilution rate of about 7.11%[39] - The average recovery rate for the company's copper mine is approximately 93.95%, with a dilution rate of about 2.10%[39] Strategic Planning and Future Outlook - The company aims to continuously increase gold reserves and production while actively participating in the integration and development of domestic and international gold resources[11] - The company plans to leverage its advantageous geographical location and rich mineral resources to enhance its technological and cost advantages in gold production[11] - The company is committed to achieving sustainable profit growth and aims to become a top-tier gold production enterprise in China and globally[11] - Future guidance indicates a potential increase in production output by 10% in the next fiscal year, driven by new mining projects and resource expansions[31] - The company plans to achieve a total gold production of 36,259.63 kg (approximately 1.1658 million ounces) in 2021[53] - The company will invest RMB 1.091 billion in infrastructure and technological upgrades, focusing on key projects such as Ruihai Mining and Caogoutou[53] - A total of RMB 0.64 billion is allocated for technological innovation, with 48 projects planned for 2021[53] - The company aims to add 44 tons of new gold resources and 1,200 tons of new copper resources through geological exploration investments of RMB 1.95 billion[54] Investments and Expenditures - The company invested RMB 1.12 billion in geological exploration, resulting in an additional gold metal volume of 22.75 tons and copper metal volume of 1,510 tons[25] - The company completed infrastructure and technological transformation investments totaling RMB 789 million, enhancing production capacity and operational efficiency[27] - The company allocated RMB 145 million for safety investments and RMB 68 million for environmental protection initiatives[27] - The company plans to invest in advanced mining technologies to improve extraction rates and reduce operational costs[31] Corporate Governance and Management - The company has a strong focus on human resources and management consulting, with board members holding significant positions in other listed companies[58] - The company is committed to maintaining high standards in corporate governance, as reflected in the qualifications of its board members[57] - The company’s leadership has a proven track record of success in the mining sector, contributing to its competitive positioning in the market[55] - The board of directors consists of 11 members, including 3 executive directors, 4 non-executive directors, and 4 independent non-executive directors, ensuring diverse industry backgrounds and experiences[173] - The company has a strong management team with extensive experience in financial management and operations within the mining sector[66] - The company emphasizes safety as a priority, implementing strict safety management measures and enhancing safety culture[54] Shareholder and Dividend Information - The company plans to distribute a cash dividend of RMB 0.05 per share for the year, up from RMB 0.04 per share in 2019[20] - The board proposed a final cash dividend of RMB 0.05 per share for the year 2020, an increase from RMB 0.04 per share in 2019[72] - The company declared a cash dividend of RMB 0.04 per share for the fiscal year ended December 31, 2019, distributed on June 30, 2020[137] Related Party Transactions - The financial company is a related party, holding approximately 51% of the company, and is involved in continuous related transactions under the group financial services agreement[113] - The proposed annual caps for deposit services under the parent group financial services agreement exceed 25%, constituting a major transaction requiring compliance with listing rules[114] - The company has established multiple framework agreements with its controlling shareholder, Zhaojin Group, indicating ongoing related party transactions[122][123][124][126] Compliance and Risk Management - The company has complied with the Corporate Governance Code as of December 31, 2020, with no known violations during the year[164] - The audit committee reviewed the audited consolidated financial statements, confirming compliance with applicable accounting standards and legal requirements[165] - The company does not face any significant uncertainties that could severely impact its ability to continue as a going concern[198] Community Engagement and Social Responsibility - The company engaged in community support, contributing over RMB 6 million for pandemic relief and poverty alleviation efforts[27] - Total charitable donations for the year amounted to RMB 6,089,000, a decrease from RMB 10,604,000 in 2019[79]