智通财经APP获悉，黄金股早盘普涨，截至发稿，招金矿业(01818)涨5.71%，报7.77港元；山东黄金(01787)涨4.2%，报11.92港元；紫金矿业(02899)涨3.23%，报12.16港元；中国黄金国际(02099)涨2.6%，报33.5港元。 消息面上，各大黄金上市公司业绩快报陆续亮相，黄金企业利润普遍高增。山东黄金、中金黄金、赤峰黄金、四川黄金以及菜百股份等多家黄金及零售企业2023年普遍实现了较好的利润增长。其中，山东黄金预计2023年度实现归属净利润20亿元至25亿元，同比增长60.53%到100.66%。赤峰黄金预计实现归属净利润约7.6亿元至8.3亿元，同比增长68.47%至83.99%。 中国银河证券此前表示，美联储总体将由加息转入降息仍然是2024年较为确定的宏观方向，降息周期下美债利率下行驱动金价上涨的逻辑仍在，短期激进乐观预期消退下金价与A股黄金板块回调至合理估值，甚至是低估位置，将使板块配置窗口再度打开。 ...

Financial Performance - Operating revenue for the first nine months of 2023 reached RMB 6.38 billion, up 10.3% from RMB 5.79 billion in the same period of 2022[14]. - Net profit attributable to shareholders increased by 37.7% to RMB 365.31 million in 2023 from RMB 265.32 million in 2022[14]. - Operating revenue for the first nine months of 2023 reached RMB 3,072,927,738.05, a 19.0% increase from RMB 2,583,047,580.03 in the same period of 2022[15]. - Net profit attributable to the owners of the parent company was RMB 982,091,714.05, up 66.6% from RMB 589,196,543.00 year-on-year[15]. - The company reported a total operating profit of RMB 1,164,427,282.67, which is a substantial increase from RMB 690,514,307.70 in the previous year[15]. - The gross profit margin improved, with operating profit rising to RMB 790.71 million, compared to RMB 610.07 million in the previous year, indicating a growth of 29.5%[14]. - Basic earnings per share increased to RMB 0.30 from RMB 0.18, reflecting a 66.7% growth[15]. - Earnings per share increased to RMB 0.11 from RMB 0.08, reflecting a growth of 37.5%[14]. Assets and Liabilities - As of September 30, 2023, the total assets of Zhaojin Mining Industry Company Limited increased to RMB 48.76 billion, up from RMB 45.76 billion as of December 31, 2022, representing an increase of approximately 6.5%[3][8]. - Total assets increased from RMB 39.94 billion on December 31, 2022, to RMB 42.49 billion on September 30, 2023, reflecting a growth of approximately 6.3%[10]. - The company's total liabilities increased to RMB 28.91 billion, up from RMB 25.80 billion, indicating a rise of approximately 11.5%[7]. - Total current liabilities increased to RMB 17.63 billion, up from RMB 15.57 billion, reflecting a rise of approximately 13.3%[5]. - Current liabilities increased from RMB 11.85 billion to RMB 13.58 billion, representing a growth of 14.6%[11]. - The company's long-term investments decreased from RMB 900.96 million to RMB 252.12 million, a decline of approximately 72%[3]. - The total non-current assets decreased slightly from RMB 23.20 billion to RMB 22.42 billion, a decline of 3.4%[10]. Cash and Cash Equivalents - The company's cash and cash equivalents rose to RMB 5.41 billion, a significant increase of 34.7% from RMB 4.01 billion at the end of 2022[3]. - Cash and cash equivalents rose significantly from RMB 3.89 billion to RMB 5.16 billion, an increase of 32.7%[9]. - Total cash and cash equivalents increased by RMB 1,398,396,228.35 during the reporting period[16]. Investments and Financing - The company received investment income of RMB 189,404,282.33, compared to RMB 114,676,232.82 in the same period last year, marking a 65.0% increase[15]. - Cash inflow from financing activities amounted to RMB 47,670,248,607.00, with net cash generated from financing activities at RMB 2,520,071,500.22[16]. - Investment activities resulted in a net cash outflow of RMB 1,477,606,339.36, indicating significant capital expenditures[16]. Inventory and Receivables - The company reported an increase in inventory to RMB 5.30 billion, up from RMB 4.67 billion, representing an increase of about 13.5%[3]. - The company's other receivables surged to RMB 1.00 billion, a significant increase from RMB 264.92 million, reflecting a growth of approximately 277%[3]. Strategic Initiatives - The company has initiated new product development and market expansion strategies, although specific details were not disclosed in the financial report[1]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[18]. Expenses - The company reported a decrease in sales expenses from RMB 53.04 million to RMB 23.61 million, a reduction of 55.6%[14]. - Short-term borrowings increased to RMB 8.95 billion, up from RMB 8.73 billion, indicating a rise of about 2.5%[5].

Financial Performance - The company achieved a total revenue of approximately RMB 3,446,912,000 for the six months ended June 30, 2023, representing a decrease of about 2.51% compared to RMB 3,535,654,000 in the same period last year[7]. - Net profit for the period was approximately RMB 365,360,000, an increase of about 74.13% from RMB 209,817,000 in the previous year[8]. - The profit attributable to equity holders of the parent company was approximately RMB 252,858,000, reflecting a growth of about 134.61% compared to RMB 107,780,000 in the same period last year[10]. - Basic and diluted earnings per share were approximately RMB 0.04, an increase of about 33.33% from RMB 0.03 in the previous year[11]. - The group's gross profit was approximately RMB 1,344,407,000, a growth of about 0.89% from RMB 1,332,491,000 in the same period last year, with the gross profit margin rising from approximately 37.69% to 39.00% due to increased gold sales prices[25]. - The comprehensive gold production cost was approximately RMB 214.67 per gram, an increase of about 10.67% from RMB 193.98 per gram in the same period last year, attributed to higher safety costs and increased engineering expenses[23]. - The company's comprehensive net asset value per share was approximately RMB 6.43, compared to RMB 6.02 a year earlier, with a return on net assets of approximately 1.74%[13]. Production and Sales - Total gold production was approximately 11,768.81 kg (about 378,375.76 ounces), a decrease of about 12.93% year-on-year, with mined gold at 8,419.27 kg (about 270,685.69 ounces), down 2.69%[9]. - The group's revenue for the period was approximately RMB 3,446,912,000, a decrease of about 2.51% compared to RMB 3,535,654,000 in the same period last year, primarily due to a reduction in gold sales volume[20]. - Gold mining business generated revenue of RMB 3,147,273,000, while copper mining business generated RMB 127,865,000, and other segments contributed RMB 171,774,000, totaling RMB 3,446,912,000 for the six months ended June 30, 2023[128]. - The company reported a decrease in revenue from a major customer in the gold mining segment, which contributed RMB 2,625,000,000, down from RMB 2,727,305,000 in the previous year, with the top five customers accounting for 87% of total revenue[131]. Assets and Liabilities - The total assets as of June 30, 2023, were approximately RMB 50,499,626,000, an increase of about 10.05% from RMB 45,887,495,000 as of December 31, 2022[37]. - The total liabilities as of June 30, 2023, were approximately RMB 29,483,677,000, an increase of about 14.10% from RMB 25,840,043,000 as of December 31, 2022[39]. - The cash and cash equivalents held by the group as of June 30, 2023, were approximately RMB 6,342,573,000, an increase of about 77.01% from RMB 3,583,213,000 as of December 31, 2022[31]. - The company's net assets rose to RMB 21,015,949,000 as of June 30, 2023, compared to RMB 20,047,452,000 at the end of 2022, marking an increase of approximately 4.8%[105]. - The total equity attributable to owners of the parent company increased to RMB 17,672,953,000 from RMB 16,609,943,000, a growth of about 6.4%[106]. Cash Flow and Financing - The operating cash flow for the six months ended June 30, 2023, was a net outflow of RMB 585,463,000, compared to an outflow of RMB 175,483,000 in the same period of 2022, indicating a significant decline in cash generation from operations[111]. - The company raised RMB 41,602,249,000 in new bank and other borrowings during the first half of 2023, compared to RMB 46,316,403,000 in the same period of 2022, showing a decrease in reliance on external financing[113]. - The company’s cash flow from financing activities showed a net inflow of RMB 4,115,304,000, compared to RMB 3,086,709,000 in the same period of 2022, indicating a positive trend in financing activities[113]. - The company incurred a loss of RMB 90,825,000 from financial income for the first half of 2023, compared to a loss of RMB 13,374,000 in the same period of 2022, indicating a deterioration in financial performance[111]. Corporate Governance and Compliance - The company is in compliance with the Corporate Governance Code during the period from January 1, 2023, to June 30, 2023, with no known violations reported by the board[96]. - The company has adopted the standard code of conduct for securities trading by directors and supervisors, ensuring compliance during the reporting period[97]. - The board of directors approved and authorized the release of the interim financial report on August 25, 2023[180]. Future Plans and Strategies - The group will focus on increasing production, reserves, and efficiency in the second half of 2023, with an emphasis on key production indicators such as grade and recovery rate[53][54]. - The group plans to accelerate the construction of key projects, including the Ruihai Mining and Jintingling Caogoutou mining area projects, ensuring timely completion of production targets[55]. - The company plans to continue its market expansion and product development strategies to enhance future growth prospects[106].

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].