Financial Performance - Revenue for the year ended December 31, 2023, reached RMB 293.403 billion, an increase of 8.54% year-over-year (YoY)[2] - Net profit attributable to shareholders of the company was RMB 21.119 billion, up 5.38% YoY[2] - Total assets as of December 31, 2023, amounted to RMB 343.006 billion, a 12.08% increase from the beginning of the year[2] - Shareholders' equity attributable to the company reached RMB 107.506 billion, a 20.87% increase from the beginning of the year[2] - The company proposed a dividend distribution of RMB 0.2 per share for the year 2023[2] - Revenue for 2023 reached RMB 293.4 billion, an increase of 8.5% compared to RMB 270.3 billion in 2022[7] - Net profit attributable to shareholders of the parent company was RMB 21.12 billion, up 5.4% from RMB 20.04 billion in 2022[7] - Basic earnings per share (EPS) increased to RMB 0.80 in 2023, compared to RMB 0.76 in 2022[8] - Comprehensive income attributable to shareholders of the parent company totaled RMB 24.99 billion, up 9.2% from RMB 22.89 billion in 2022[8] - Total income tax expense for 2023 is RMB 4,747,871,900, compared to RMB 5,225,640,850 in 2022[15] - Total operating revenue for 2023 is RMB 293,403,242,878, with operating costs of RMB 247,024,066,519[17] - Tax and surcharges increased to RMB 3.47 billion in 2023, up from RMB 3.11 billion in 2022, reflecting a growth of 11.8%[18] - Interest expenses rose significantly to RMB 5.49 billion in 2023, compared to RMB 3.70 billion in 2022, marking a 48.3% increase[20] - Investment income totaled RMB 3.49 billion in 2023, up from RMB 2.87 billion in 2022, showing a 21.5% growth[22] - Fair value changes resulted in a loss of RMB 18.62 million in 2023, compared to a loss of RMB 255.49 million in 2022, indicating a reduction in losses[24] - Asset impairment losses increased to RMB 385.33 million in 2023, up from RMB 78.71 million in 2022, reflecting a significant rise in write-downs[25] - Non-operating income reached RMB 120.05 million in 2023, up from RMB 108.39 million in 2022, showing a 10.8% increase[26] - Non-current asset impairment loss increased to 232,584,591 RMB in 2023 from 169,702,548 RMB in 2022[27] - Total non-operating expenses decreased to 769,110,228 RMB in 2023 from 1,061,146,651 RMB in 2022[27] - Net profit attributable to ordinary shareholders from continuing operations increased to 21,119,419,571 RMB in 2023 from 20,042,045,977 RMB in 2022[29] - Weighted average number of ordinary shares outstanding increased to 26,259,772,006 in 2023 from 26,231,621,640 in 2022[29] - Other comprehensive income attributable to parent company shareholders increased to 8,960,434,573 RMB in 2023 from 5,061,350,431 RMB in 2022[30] - Fair value changes of equity instrument investments contributed 2,998,954,769 RMB to other comprehensive income in 2023[30] - Foreign currency translation differences increased to 1,447,236,333 RMB in 2023 from 355,343,450 RMB in 2022[30] - Total comprehensive income increased to 8,960,434,573 RMB in 2023 from 5,061,350,431 RMB in 2022[30] - Fair value changes of Ivanhoe Mines shares significantly impacted other comprehensive income[31] - Other comprehensive income for 2023 includes a pre-tax amount of RMB 2,997,102,229 for fair value changes of other equity instrument investments, with RMB 2,701,152,758 attributable to the parent company[32] - The re-measurement of defined benefit plans in 2023 resulted in a pre-tax amount of RMB 17,172,555, with RMB 10,818,710 attributable to the parent company[32] - Foreign currency translation differences for 2023 amounted to RMB 1,459,081,861, with RMB 1,091,892,883 attributable to the parent company[32] - Total other comprehensive income for 2023 was RMB 4,552,426,431, with RMB 3,870,604,979 attributable to the parent company[32] - In 2022, the fair value changes of other equity instrument investments resulted in a pre-tax loss of RMB 357,770,175, with a loss of RMB 354,595,573 attributable to the parent company[32] - Revenue for the reporting period reached RMB 293.4 billion, an increase of 8.54% year-over-year[126] - Operating costs increased to RMB 247.02 billion, up 8.45% compared to the previous year[126] - Sales expenses rose by 23.63% to RMB 766.39 million[126] - Management expenses increased by 20.08% to RMB 7.52 billion[126] - Financial expenses surged by 71.57% to RMB 3.27 billion[126] - Total asset impairment and credit impairment losses amounted to RMB 519.05 million, up from RMB 408.12 million in the previous year[127] - Gold ingot sales volume increased by 23.24% to 33,673 kg, with a 12.28% rise in unit price to RMB 433.09 per gram[128] - Copper concentrate sales volume grew by 3.76% to 640,890 tons, with a 3.95% increase in unit price to RMB 49,406 per ton[128] - Refined gold sales volume decreased by 3.81% to 248,366 kg, but unit price rose by 14.99% to RMB 447.95 per gram[128] - The company's comprehensive gross margin was 15.81%, with mining product gross margin at 49.09%, down 5.20 percentage points due to rising costs[130] - Copper C1 costs and gold AISC costs were in the top 20% globally, with cost increases driven by RMB depreciation, lower ore grades, and higher fuel and electricity costs[130] - Mine-produced copper increased by 10.47% to 803,443 tons, with sales up 9.75% to 810,737 tons[134] - Mine-produced gold production rose by 15.97% to 64,841 kg, while sales increased by 9.68% to 66,708 kg[134] - Mine-produced zinc production grew by 2.31% to 411,618 tons, with sales up 3.32% to 414,879 tons[134] - Mine-produced silver production increased by 3.91% to 402,607 kg, with sales up 1.99% to 411,403 kg[134] - Iron concentrate production decreased by 34.69% to 1.6158 million tons, but sales increased by 15.34% to 2.1019 million tons[134] - Smelted and traded gold production rose by 3.58% to 248,722 kg, while sales decreased by 3.81% to 248,366 kg[134] - Smelted copper production increased by 4.88% to 724,550 tons, with sales up 4.77% to 724,835 tons[134] - Smelted zinc production grew by 4.59% to 333,081 tons, with sales up 4.73% to 333,555 tons[134] - Overall gross margin increased slightly by 0.07 percentage points to 15.81%[132] - Domestic revenue accounted for 79% of total revenue, with 32.27% coming from the Shanghai Gold Exchange[132] - Raw material costs for mineral gold increased by 29.82% to RMB 661.209 million, accounting for 44.44% of total costs[135] - Energy consumption costs for mineral copper surged by 72.21% to RMB 375.238 million, representing 19.89% of total costs[135] - The top five customers contributed RMB 12.289781 billion in sales, accounting for 41.9% of total annual sales[137] - The top five suppliers accounted for RMB 6.055051 billion in procurement, representing 24.5% of total annual procurement[138] - Total R&D investment reached RMB 1.566908894 billion, accounting for 0.53% of total revenue[139] - The company has 5,236 R&D personnel, making up 9.48% of the total workforce[140] - 164 new R&D projects were initiated, including 2 national-level projects, and 56 patents were applied for[141] - Significant R&D achievements contributed over RMB 368 million to production efficiency[141] - The company was selected as a typical case for industrial data security management by the Ministry of Industry and Information Technology[141] - The "Global Mining Supply Chain Collaborative Industrial Internet Platform" was recognized as a provincial-level industrial internet demonstration platform in Fujian[141] - Operating cash flow increased by 28.53% to RMB 36.86 billion, driven by higher gross profit and improved receivables and payables management[142] - Investment cash flow improved by RMB 17.02 billion, a 33.38% reduction in outflows, mainly due to decreased payments for investments and acquisitions[142] - Cash and cash equivalents decreased by 10.04% to RMB 17.69 billion as of December 31, 2023[142] - Foreign currency monetary assets increased by RMB 3.14 billion to RMB 27.03 billion, while foreign currency monetary liabilities rose by RMB 8.60 billion to RMB 52.90 billion[143] - Total borrowings increased to RMB 142 billion, with interest rates ranging from 0.55% to 7.45%[143] - Capital-debt ratio slightly increased to 1.479 from 1.459 in 2022, with total liabilities at RMB 204.64 billion and total equity at RMB 138.36 billion[144] - Net profit attributable to shareholders for Q4 2023 was RMB 4.95 billion, with full-year operating cash flow reaching RMB 91.6 billion[145] - Derivative financial assets increased by RMB 306.40 million, positively impacting profits by RMB 501.31 million[147] - Non-recurring losses totaled RMB 497.12 million, primarily due to fair value changes in financial assets and liabilities[148] - Funds provided to joint ventures for daily operations generated RMB 1.68 billion in interest income, reclassified as recurring income[149] - Accounts receivable decreased by 24.17% to RMB 553.12 million, accounting for 0.16% of total assets[150] - Other equity instrument investments increased by 30.09% to RMB 13.72 billion, accounting for 4.00% of total assets[150] - Construction in progress increased by 64.30% to RMB 35.93 billion, accounting for 10.47% of total assets[150] - Overseas assets amounted to RMB 144.3 billion, accounting for 42% of total assets[151] - Overseas projects contributed 45% of the company's total pre-offset profit[151] - The company's overseas copper, gold, and zinc (lead) production accounted for 56%, 64%, and 45% of total production, respectively[151] - The company's total raw material costs decreased by 3.04% to RMB 52.08 billion, with overseas procurement accounting for 51.03%[153] - The company's self-owned mines contributed 35.83% of total raw material costs, with a year-on-year increase of 30.25%[153] - Domestic procurement of raw materials decreased by 58.12% to RMB 6.85 billion, accounting for 13.14% of total raw material costs[153] - The company invested RMB 1.646 billion in Tibet Zhonghui Industrial Co., Ltd. (Juno Copper Mine), holding a 48.591% stake[154] - The company invested RMB 300 million to acquire 19.42% equity in Xanadu Mines and 50% equity in Huiteng Metals, corresponding to a 45.7% interest in the Mongolian Kharmagtai Copper-Gold Project[154] - The company invested RMB 690 million to acquire a 15% stake in Solaris Resources Inc.[154] - The Serbia Zijin Copper Mine technical transformation project has a total investment of USD 1.778 billion, with RMB 9.7 billion invested in the current reporting period and a cumulative investment of RMB 101.7 billion[156] - The Zhaojin 500t/d pressure oxidation project in Zhaoyuan Gold Mine has a total investment of USD 117 million, with RMB 297 million invested in the current reporting period and a cumulative investment of RMB 791 million[156] - The 3Q Salt Lake Lithium Project Phase I has a total investment of USD 620 million, with RMB 1.51 billion invested in the current reporting period and a cumulative investment of RMB 2.977 billion[156] - The Julong Copper Mine Phase I expansion project has a total investment of RMB 16.79 billion, with RMB 105 million invested in the current reporting period and a cumulative investment of RMB 16.895 billion[156] - The Fujian Zijin Copper Foil Technology Co., Ltd. 20,000 tons/year high-performance electronic copper foil construction project has a total investment of RMB 1.28 billion, with RMB 199 million invested in the current reporting period and a cumulative investment of RMB 1.218 billion[158] - The Fujian Zijin Lithium Yuan Materials Technology Co., Ltd. 20,000 tons/year lithium iron phosphate project has a total investment of RMB 535 million + RMB 239 million, with RMB 457 million invested in the current reporting period and a cumulative investment of RMB 842 million[158] - The total assets of the equity investment company are RMB 385.1 million, with liabilities of RMB 11.87 million and net assets of RMB 373.23 million. The asset management company has total assets of RMB 8.23 million, liabilities of RMB 1.68 million, and net assets of RMB 6.55 million. The combined net profit of the two private equity funds is RMB 5.62 million[159] - The company has authorized its financial subsidiaries to conduct speculative derivative investments with a maximum limit of RMB 300 million and USD 100 million, with a loss cap of RMB 30 million and USD 5 million[160] - The Musonoi Mining Company, with a 72% equity stake, has total assets of RMB 6,429.26 million, net assets of RMB 2,007.06 million, and operating income of RMB 6,944.50 million[161] - The Heilongjiang Duobaoshan Copper Company, with 100% equity, has total assets of RMB 11,714.24 million, net assets of RMB 4,489.82 million, and operating income of RMB 7,383.87 million[161] - The Serbia Zijin Copper Company, with a 63% equity stake, has total assets of RMB 22,899.12 million, net assets of RMB 9,099.83 million, and operating income of RMB 6,601.57 million[161] - The Serbia Zijin Mining Company, with 100% equity, has total assets of RMB 8,038.45 million, net assets of RMB 6,530.26 million, and operating income of RMB 8,726.09 million[161] - The Tibet Julong Copper Company, with a 50.10% equity stake, has total assets of RMB 25,790.40 million, net assets of RMB 8,812.09 million, and operating income of RMB 10,235.09 million[161] - The company's net profit attributable to parent company shareholders in 2023 was RMB 21,119,419,571[184] - The company's total distributable profit for 2023 was RMB 27,155,141,427[184] - The proposed cash dividend for 2023 is RMB 2 per 10 shares (tax included)[184] - The total cash dividend for 2023 is RMB 5,265,197,788 (tax included), accounting for 24.93% of net profit[186] - Including share repurchases, the total dividend payout for 2023 is RMB 5,728,664,235, accounting for 27.13% of net profit[186] - The company's total dividend payout for 2023 is RMB 7,042,882,797, accounting for 33.35% of net profit[186] - The company plans to allocate at least 30% of cumulative distributable profits as cash dividends over the next three years[184] Assets and Liabilities - Total assets as of December 31, 2023, amounted to RMB 343.006 billion, a 12.08% increase from the beginning of the year[2] - Shareholders' equity attributable to the company reached RMB 107.506 billion, a 20.87% increase from the beginning of the year[2] - Current assets totaled RMB 77.629 billion, a slight decrease from RMB 79.644 billion at the end of 2022[4] - Non-current assets increased to RMB 265.377 billion, up from RMB 226.400 billion at the end of 2022[4] - Total liabilities stood at RMB 204.643 billion, compared to RMB 181.589 billion at the end of 2022[5] - Shareholders' equity, including minority interests, reached RMB 138.363 billion, up from RMB 124.455 billion at the end of 2022[6] - Total assets for 2023 amounted to RMB 343.006 billion, with segment assets totaling RMB 301.811 billion and non-allocable assets at RMB 41.195 billion[35] - Total liabilities for 2023 were RMB 204.643 billion, including RMB 149

Core Insights - China is the largest gold producer in the world, accounting for nearly 11% of global gold production in 2022, followed by Australia and Russia, each with a 10% share [2][5] - The global gold demand saw a significant increase of 18% in 2022, reaching 4740.7 tons, with jewelry being the largest consumer market, representing 47% of the demand [7][8] Group 1: Gold Production - In 2022, global gold mine production totaled 3627.72 tons, with the top five gold-producing countries contributing to 45% of this total [2][5] - The top ten gold mines produced a combined total of 340.71 tons, accounting for approximately 9.39% of global gold production [3][4] - Nevada Gold Mines is the largest single gold mining complex globally, producing 85.84 tons in 2022, which is 2.37% of the global supply [4][5] Group 2: Major Gold Mining Companies - The top ten gold mining companies produced a total of 2890 million ounces in 2022, representing 24.78% of global production [5][6] - Newmont and Barrick are the top two gold producers, with production figures of 5956.0 thousand ounces and 4141.0 thousand ounces respectively [6] - Zijin Mining made its debut in the top ten global gold producers in 2022, while Freeport-McMoRan's Grasberg mine saw a 31% increase in production, making it the tenth largest producer [5][6] Group 3: Gold Jewelry Demand - China and India are the largest consumers of gold jewelry, each accounting for approximately 32% of global gold jewelry demand in 2022 [8][9] - The cultural significance of gold in China and India drives traditional purchasing during festivals and weddings, contributing to their status as the largest gold jewelry markets [8]

Financial Performance - Total revenue for the third quarter reached RMB 74.67 billion, an increase of 4.10% year-on-year[5] - Net profit for the third quarter was RMB 7.24 billion, reflecting a significant increase of 37.69% compared to the same period last year[5] - The net profit attributable to shareholders of the listed company was RMB 5.86 billion, up 45.22% year-on-year[5] - Basic earnings per share for the third quarter were RMB 0.223, representing a 43.87% increase compared to the previous year[6] - The company reported a total profit of RMB 8.39 billion for the third quarter, marking a 33.11% increase year-on-year[5] - In Q3 2023, the company reported a revenue of 74.674 billion RMB, a decrease of 0.95% compared to Q2 2023, but a net profit of 5.863 billion RMB, which is a 21% increase quarter-over-quarter[13] - The total comprehensive income for Q3 2023 was ¥23,427,266,628, compared to ¥22,941,888,961 in the previous year, reflecting an increase of approximately 2.1%[24] Production and Sales - The company has seen a positive trend in production and sales, contributing to the significant growth in net profit and earnings per share[9] - In the first nine months of 2023, the company produced 50,091 kg of gold, a 22% increase year-over-year, and 754,248 tons of copper, a 13% increase year-over-year[13] - Gold production in Q3 2023 reached 17,337 kg, an increase from 15,812 kg in Q2 2023, with a gross margin of 43.73% compared to 45.85% in Q2 2023[16] - Copper production in Q3 2023 was 215,531 tons, up from 193,553 tons in Q2 2023, with a gross margin of 53.34%, down from 56.26% in Q2 2023[16] - Zinc production in Q3 2023 totaled 105,016 tons, slightly up from 104,428 tons in Q2 2023, with a gross margin of 20.89%, compared to 10.88% in Q2 2023[16] Assets and Liabilities - The total assets at the end of the reporting period amounted to RMB 330.80 billion, an increase of 8.09% from the end of the previous year[6] - The total equity attributable to shareholders of the listed company was RMB 103.26 billion, up 16.09% from the previous year[6] - Total liabilities rose to CNY 74,898,775,424 in Q3 2023, up from CNY 68,183,876,605 in Q3 2022, an increase of 9.9%[30] - The total liabilities increased to ¥195,256,507,733 in Q3 2023 from ¥181,588,693,965 in Q3 2022, marking an increase of about 7.5%[22] Cash Flow - Cash flow from operating activities for the year-to-date was RMB 25.72 billion, reflecting a 17.20% increase[6] - The cash inflow from operating activities for the first three quarters of 2023 was CNY 246.00 billion, an increase of 11.88% compared to CNY 219.82 billion in the same period of 2022[25] - The net cash flow from operating activities for the third quarter of 2023 was CNY 25.72 billion, up 17.6% from CNY 21.95 billion in the third quarter of 2022[26] - The total cash outflow from investment activities in the third quarter of 2023 was CNY 29.60 billion, a decrease of 17.1% compared to CNY 35.69 billion in the same quarter of 2022[26] Research and Development - Research and development expenses for the first three quarters of 2023 amounted to ¥1,130,096,766, compared to ¥799,381,761 in the same period of 2022, an increase of approximately 41.3%[22] - Research and development expenses for the first three quarters of 2023 were CNY 310,281,877, up from CNY 222,181,439 in the same period of 2022, indicating a growth of 39.6%[31] Other Financial Metrics - The average selling price of gold in Q3 2023 was 400.97 RMB per gram, compared to 355.71 RMB per gram in Q3 2022, reflecting a significant increase in price[15] - The overall gross margin for mining operations was 47.65% in Q3 2023, down from 49.86% in Q2 2023[16] - The overall gross margin for smelting products was 16.18% in Q3 2023, up from 13.78% in Q2 2023[16] - The company's financial expenses for Q3 2023 were CNY 1,219,934,456, significantly higher than CNY 620,055,504 in Q3 2022, reflecting an increase of 96.7%[31]

Financial Performance - Zijin Mining Group reported a revenue increase of 15% year-on-year for the first half of 2023, reaching RMB 40 billion[1]. - The company achieved a net profit of RMB 5 billion, representing a 20% increase compared to the same period last year[1]. - The company has set a performance guidance of RMB 90 billion in revenue for the full year 2023, reflecting a 12% growth target[1]. - The total operating revenue reached RMB 150.3 billion, a year-on-year increase of 13.50%, while the total profit amounted to RMB 15.5 billion, reflecting a year-on-year decrease primarily due to rising production costs and declining metal prices[9]. - The company reported a net profit of RMB 9,655,314,949 for the first half of 2023, a decrease of 19.70% compared to RMB 12,024,218,650 in the same period last year[96]. - The company reported a total profit of RMB 15.55 billion, a decrease of 16.3% from RMB 18.57 billion in the previous year[129]. - Net profit attributable to shareholders of the parent company was RMB 10.30 billion, down 18.4% from RMB 12.63 billion year-on-year[129]. Production and Operations - User data indicated a 10% growth in active mining operations, with a total of 25 active sites as of June 2023[1]. - The company reported a 5% increase in gold production, totaling 1.5 million ounces in the first half of 2023[1]. - The company achieved a record production of 490,000 tons of copper, 32 tons of gold, 240,000 tons of zinc (lead), and 208 tons of silver, representing year-on-year increases of 14.21%, 19.63%, 5.02%, and 10.92% respectively[9]. - Copper production totaled 853,528 tons, representing a year-on-year increase of 9.8%, with mined copper at 492,241 tons (up 14.21%) and refined copper at 361,287 tons (up 4.32%)[19]. - Gold production was 152,351 kg (4,898,195 ounces), a decrease of 2.06%, with mined gold increasing by 19.63% to 32,338 kg (1,039,690 ounces)[21]. - Zinc production reached 394,614 tons, a year-on-year increase of 6.29%, with zinc concentrate production at 217,210 tons, up 4.26%[22]. - Lead production amounted to 22,929 tons, reflecting a year-on-year increase of 12.80%[22]. - Silver production totaled 522,487 kg, a decrease of 4.03% year-on-year, while silver from mining increased by 10.92% to 207,643 kg[24]. Market Expansion and Strategic Initiatives - Zijin Mining plans to expand its market presence in Southeast Asia, targeting a 30% increase in production capacity by 2025[1]. - The company is focusing on lithium production, with plans to increase output by 50% by the end of 2024[1]. - The company is advancing its new energy and materials projects, including the lithium salt lake project in Argentina, which is on track for production by year-end[12]. - The company aims to achieve a top 3-5 position globally in key economic indicators by 2030, focusing on green and high-tech development[18]. - The company plans to enhance its international operations and local workforce ratios, optimizing its headquarters employee structure[16]. Financial Position and Investments - The company’s debt-to-equity ratio improved to 0.4, indicating a stronger financial position compared to the previous year[1]. - As of the end of the reporting period, total assets were RMB 326.6 billion, an increase of 6.70% from the beginning of the period, and net assets attributable to shareholders were RMB 98.9 billion, up 11.24%[10]. - The company’s market capitalization reached RMB 294.9 billion as of June 30, 2023, reflecting a 13% increase from the beginning of the year[17]. - The company has invested RMB 12.52 billion in the Serbia Zijin Copper project, with an expected annual copper production of 150,000 to 160,000 tons from the mine after upgrades[44]. - The company has invested RMB 15.17 billion in the lithium salt lake project, with the first phase producing a batch of crude lithium carbonate[45]. Research and Development - The company is investing RMB 1 billion in new technology development for sustainable mining practices over the next three years[1]. - Research and development expenses rose by 65.50% to RMB 733.16 million, reflecting an increase in R&D projects[32]. - The company has made significant progress in technology innovation, holding a high-profile technology conference with over 200 industry experts to enhance its competitive edge[13]. Environmental and Social Responsibility - The company is focusing on sustainable practices, with green electricity equivalent to planting 3.59 million mature trees by the end of June[12]. - The company invested approximately RMB 557 million in environmental protection and ecological restoration, planting 1.196 million trees and restoring 2.531 million square meters of vegetation[75]. - The company achieved 100% online monitoring coverage for production wastewater and smelting dust, ensuring compliance with local environmental regulations[70]. - The company is actively promoting biodiversity protection and conducting biodiversity risk assessments in mining areas[75]. - The company provides monthly subsidies of RMB 100 to rural elderly over 80 years old and RMB 200 to orphans under 18, with annual donations reaching RMB 20 million, benefiting over 15,200 individuals[81]. Shareholder and Governance - The company has issued ordinary shares with a par value of RMB 0.1 per share as of June 30, 2023[55]. - The company has met the minimum public shareholding requirements as per listing rules[60]. - The total number of shareholders is 429,138, with H-share shareholders numbering 566 and A-share shareholders totaling 428,572[56]. - The top ten shareholders hold significant stakes, with the largest being Minxi Xinghang State-owned Assets Investment Management Co., Ltd. owning 6,083,517,704 A-shares, representing 23.11% of the issued shares[56]. Risk Management - The company faces risks from geopolitical factors, economic cycles, and market supply-demand dynamics, which may impact the prices of copper, gold, zinc, and lithium products[54]. - The company has implemented a hedging strategy to mitigate risks associated with commodity price fluctuations, ensuring stable operations[48]. - The company is enhancing its safety production management system and increasing safety training to mitigate risks associated with mining operations[54]. Compliance and Reporting - The financial report was approved by the board of directors on August 25, 2023[152]. - The financial statements are prepared in accordance with the accounting standards issued by the Ministry of Finance, reflecting the company's financial position as of June 30, 2023[155]. - The company continues to engage Ernst & Young as its auditor for the 2023 fiscal year, as resolved at the 2022 annual general meeting[106].

Financial Performance - For the six months ended June 30, 2023, Zijin Mining Group achieved a revenue of RMB 150.334 billion, with a total profit of RMB 15.545 billion and a net profit attributable to shareholders of RMB 10.302 billion[2]. - Operating revenue for the first half of 2023 reached RMB 150.33 billion, a 13.5% increase from RMB 132.46 billion in the same period of 2022[6]. - Net profit for the first half of 2023 was RMB 12.83 billion, down 16.5% from RMB 15.43 billion in the first half of 2022[6]. - The company reported a total profit of RMB 15.55 billion, a decrease of 16.3% from RMB 18.57 billion in the first half of 2022[6]. - The total comprehensive income for the first half of 2023 was RMB 18.06 billion, an increase from RMB 14.60 billion in the same period of 2022[7]. - The company reported a significant increase in other comprehensive income, which rose to RMB 9.803 billion from RMB 5.061 billion, showing a growth of approximately 93.5%[5]. - Basic and diluted earnings per share for the first half of 2023 were both RMB 0.391, down from RMB 0.480 in the same period of 2022[7]. - The company reported a net profit of RMB 54.4 million from the gold segment of Zhongta Zela Fashang LLC, while Norton Goldfields Ltd reported a net loss of RMB 2.5 million[78]. Assets and Liabilities - As of June 30, 2023, the total assets of the group amounted to RMB 326.550 billion, while the net assets attributable to shareholders were RMB 98.943 billion[3]. - The total liabilities of the group reached RMB 192.469 billion, up from RMB 181.589 billion at the end of 2022, representing an increase of approximately 6.5%[5]. - The equity attributable to shareholders increased to RMB 98.943 billion from RMB 88.943 billion, marking a growth of around 11.3%[5]. - The company's total assets as of June 30, 2023, were RMB 5,061,350,431, reflecting a stable asset base compared to previous periods[22]. - The company's total equity as of June 30, 2023, was RMB 134.08 billion, up from RMB 111.06 billion as of June 30, 2022[68]. - The company's asset-liability ratio decreased by 0.39 percentage points to 58.94%[44]. Cash Flow and Investments - Cash flow from operating activities generated RMB 16.03 billion, an increase from RMB 15.58 billion in the same period last year[8]. - The company’s cash outflow from investment activities was RMB 19.95 billion, a decrease from RMB 25.33 billion in the previous year[8]. - The company’s cash and cash equivalents at the end of the first half of 2023 totaled RMB 19,750,269,606, up from RMB 18,193,038,181 at the end of the first half of 2022, marking an increase of about 8.6%[9]. - The company received RMB 30,116,355,509 in loans during the first half of 2023, an increase from RMB 28,389,177,578 in the same period of 2022, indicating a growth of approximately 6.1%[9]. - The company’s cash outflow for debt repayment in the first half of 2023 was RMB 24,084,544,316, compared to RMB 16,875,228,199 in the same period of 2022, reflecting an increase of about 42.5%[9]. Production and Sales - The production of copper, gold, zinc, and silver reached 490,000 tons, 32 tons, 240,000 tons, and 208 tons respectively, with year-on-year growth rates of 14.21%, 19.63%, 5.02%, and 10.92%[44]. - Gold production totaled 152,351 kg (4,898,195 ounces), a year-on-year decrease of 2.06%, while mined gold increased by 19.63% to 32,338 kg (1,039,690 ounces)[52]. - The total gold production reached 32,338 kg, with equity gold production at 27,461 kg, reflecting a strong operational performance across various mines[53]. - The average selling price of copper produced from mines was RMB 51,000 per ton, with a sales volume of 390,041 tons, resulting in revenue of RMB 19.89 billion, compared to RMB 55,145 per ton and 357,162 tons last year[60]. - The sales volume of gold produced from mines was 31,915 kg, generating revenue of RMB 12.67 billion, compared to 29,125 kg and RMB 10.47 billion in the same period last year[60]. Research and Development - Research and development expenses increased to RMB 733.16 million, a 65.5% rise compared to RMB 442.99 million in the previous year[6]. - The company is actively pursuing new energy and materials projects, with significant progress in lithium and renewable energy initiatives, including the completion of various mining and production facilities[45]. - The company plans to complete the first phase of its lithium carbonate project by the end of 2023, targeting an annual capacity of 20,000 tons[58]. Dividends and Shareholder Returns - The board proposed a cash dividend of RMB 0.5 per 10 shares for the first half of 2023, subject to shareholder approval[2]. - The company plans to distribute a cash dividend of RMB 0.5 per share (including tax), totaling approximately RMB 1.3 billion for the first half of 2023[48]. Market and Economic Outlook - The global economic recovery is gradually accumulating internal momentum, with traditional applications such as real estate expected to further support copper demand[80]. - The lithium market is anticipated to experience exponential growth in demand, driven by the rapid development of new energy vehicles and energy storage, with potential price increases in the second half of the year[80]. - The company expects copper prices to gradually rise in the second half of the year, supported by long-term supply shortages[80]. Safety and Governance - The company experienced a significant safety incident resulting in the loss of 6 lives at the Tibet Giant Dragon Copper Mine, highlighting the need for improved safety measures[48]. - The company has implemented a comprehensive safety production management system, continuously improving safety awareness and skills among all employees[81]. - The company has complied with the corporate governance code and most recommended best practices during the reporting period[91].

Financial Performance - In 2022, Zijin Mining Group reported a revenue of RMB 200 billion, representing a year-on-year increase of 15%[2] - The company's net profit for 2022 was RMB 30 billion, up 20% compared to the previous year[2] - Total revenue for 2022 reached RMB 270.33 billion, a 20% increase from RMB 225.10 billion in 2021[10] - Net profit attributable to shareholders was RMB 20.04 billion, up 28.5% from RMB 15.67 billion in 2021[10] - The company reported a total comprehensive income of RMB 28.40 billion, an increase from RMB 20.54 billion in 2021[10] - The company’s operational challenges included rising costs due to the global energy crisis and supply chain disruptions, impacting the mining industry significantly[106] - The company maintained a debt-to-asset ratio of 59.33% and reported a net cash flow from operating activities of RMB 28.679 billion, a year-on-year increase of 10%[111] - The company reported a significant increase in revenue from domestic operations, contributing RMB 30,210.1 million, a 17.50% increase year-on-year[135] - The company's total operating revenue reached ¥270.33 billion, an increase of 20.09% compared to ¥225.10 billion in the previous year[129] Production and Resource Management - Zijin Mining's copper production reached 1.5 million tons, an increase of 10% from 2021[2] - The company aims to produce 117,000 tons of copper, 90 tons of gold, 48,000 tons of zinc and lead, and 120,000 tons of lithium carbonate by 2025[16] - In 2022, the company produced 880,000 tons of copper, making it the fastest-growing large mining company globally[15] - The company has a copper reserve of 3,209,000 tons and a resource amount of 7,372,000 tons, with an equity reserve accounting for 92% of China's copper reserves[31] - The company has achieved a total resource increase of 676.21 thousand tons of copper, 1,106.70 tons of gold, and 4,165.52 tons of silver through investments and acquisitions from 2020 to 2022[61] - The company plans to achieve a production capacity of 120,000 to 150,000 tons of lithium carbonate equivalent, approximately 22 to 24 tons of gold, and 27,200 tons of molybdenum from newly acquired projects[66] - The company is focused on gold mining, with significant resources located in various mines including the Norton Goldfield and Jilao Gold Mine[71] Sustainability and Environmental Initiatives - Zijin Mining aims to achieve a 30% reduction in carbon emissions by 2030 as part of its sustainability strategy[2] - The company plans to achieve carbon neutrality by 2050, with a continuous decrease in energy consumption and carbon emissions per unit of industrial added value[15] - The company has released the first climate action plan in the domestic metal mining sector, integrating the international TCFD framework, aiming for "carbon peak" and "carbon neutrality" within the next decade[52] - The company is committed to sustainable development, focusing on low-carbon mineral raw materials and enhancing its ecological and environmental capabilities[121] - The company is focusing on the development of green mining technologies and aims to enhance its operational efficiency in line with national policies on resource security[168] Strategic Investments and Acquisitions - The company has identified potential acquisition targets in South America to enhance its resource portfolio[2] - The company is actively pursuing the acquisition of the largest single molybdenum mine, Shapinggou Molybdenum Mine, with an 84% stake, currently in the process of finalizing the transaction[65] - The company completed the acquisition of the 3Q lithium salt lake in Argentina, adding 7.63 million tons of lithium carbonate equivalent, and invested in two other lithium projects, increasing lithium resources by 1.21 million tons[65] - The company has made significant progress in exploration projects in Serbia, Colombia, Argentina, and Mongolia, focusing on major mineral belts globally[63] - The company has successfully completed all major acquisitions disclosed in the reporting period, ensuring the integration of new assets into its operations[173] Research and Development - Research and development expenses increased to RMB 1.23 billion, representing a 59.8% rise compared to RMB 770.66 million in 2021[10] - The company has initiated a total of 178 new research projects during the reporting period, including 4 national-level technology projects[152] - The company holds 187 proprietary research achievements and has received 99 provincial and ministerial-level scientific and technological awards[154] - The company has applied for 44 patents during the reporting period, with 14 invention patents granted[154] - The company is actively engaging in research and development in mining and energy sectors to drive innovation and growth[42] Market Expansion and Strategic Goals - The company plans to expand its market presence in Africa, targeting a 25% increase in production capacity by 2025[2] - The company aims to enhance its position as a leading international mining group with a focus on green and high-tech initiatives[13] - The company has outlined a three-year plan (2023-2025) and a 2030 development goal to position itself among the top global mining companies[16] - The company is focused on expanding its market presence through strategic partnerships and board memberships in related industries[56] - The company aims to enhance its market share and influence in both domestic and international mineral product markets[125] Financial Management and Governance - The company emphasizes the importance of community relations and public welfare management, as highlighted by the experience of its supervisory board members[46] - The company has a robust management team with significant expertise in financial management and corporate governance[49] - The company is committed to maintaining high standards of corporate governance and transparency in its operations[58] - The company has established a comprehensive ESG system to promote sustainable development and carbon neutrality initiatives[127] - The company has implemented hedging strategies to mitigate risks associated with commodity price fluctuations and foreign exchange rates, ensuring stable operations[178] Operational Efficiency and Cost Management - The company aims to enhance its competitive advantage through cost control, aiming to improve overall production efficiency and optimize asset structure[193] - The company has established dual sales support systems for gold bars, enhancing its market presence both domestically and internationally[136] - The company is focusing on strategic asset allocation and has implemented management reforms to maximize resource value[91] - The company has been focusing on enhancing its internal audit and compliance mechanisms to prevent corruption and ensure transparency[48] - The company has developed a unique "Five Links Integration" mining engineering management model to optimize resource development and operational efficiency[126]

2023年第一季度報告 紫金礦業集團股份有限公司（「本公司」）董事會（「董事會」）欣然宣佈本公 司及其附屬公司（統稱「本集團」）截至2023年3月31日止三個月根據中華人民 共和國財政部頒佈的《企業會計準則──基本準則》以及其後頒佈及修訂的具體 會計準則、應用指南、解釋以及其他相關規定（統稱「企業會計準則」）編制的 未經審計財務報告（「第一季度報告」）。 本報告分別以中英文刊載。如中英文有任何差異，概以中文為準。 本報告中，除內容特別指明外，貨幣皆為人民幣。 2023年4月27日 中國福建 *本公司之英文名稱僅供識別 2023年第一季度报告 ...

截至2022年12月31日止年度業績公佈 截至2022年12月31日止年度，本集團實現營業收入人民幣2,703.29億元，同比增長20.09%（上年同 期：人民幣2,251.02億元）。 截至2022年12月31日止年度，本集團實現利潤總額人民幣299.93億元，同比增長20.97%（上年同期： 人民幣247.94億元）。 截至2022年12月31日止年度，本集團歸屬於上市公司股東的淨利潤為人民幣200.42億元，同比增長 27.88%（上年同期：人民幣156.73億元）。 於2022年12月31日，本集團總資產為人民幣3,060.44億元，較年初增長46.72%（年初：人民幣2,085.95 億元）。 於2022年12月31日，本集團歸屬於上市公司股東的淨資產為人民幣889.43億元，較年初增長25.21% （年初：人民幣710.34億元）。 董事會建議公司2022年度股利分配預案為：每10股派發現金紅利人民幣2元（含稅）。2022年度利 潤分配方案尚需股東大會審議批准。 ...

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文件之內容機不負責,對其準確 性或完整性亦不發表任何聲明,並明確表示概不就因本文件全部或任何部分內容而產生或因 依賴該等內容而引致之任何損失承擔任何責任。 © ZiJiN Zijin Mining Group Co., Ltd. 紫金礦業集團股份有限公司 (一家於中華人民共和國註冊成立的股份有限公司) ( 股票代碼：2899 ) 2022年第三季度報告 紫金礦業集團股份有限公司 (「本公司」) 董事會 (「董事會 」) 欣然宣佈本公 司及其附屬公司( 統稱「本集團」) 截至2022年9月30日止九個月根據中華人民 共和國財政部頒佈的《企業會計準則 -- 基本準則》以及其後頒佈及修訂的具體 會計準則、應用指南、解釋以及其他相關規定（統稱「企業會計準則」）編制的 ิส 本報告分別以中英文刊載。如中英文有任何差異,概以中文為準。 本報告中,除內容特別指明外,貨幣皆為人民幣。 截至本公告之日,董事會成員包括執行董事陳景河先生（董事長）、藍福生先生、 鄒來昌先生、林泓富先生、林紅英女士及謝雄輝先生,非執行董事李建先生,以及 獨立非執行董事毛景文先生、李常青先生、何福龍 ...

中期報告 2022 * 僅供識別 裝電礦業集團股份自眼公司 ZIJIN MINING GROUP COMPANY LIMITEL (A 股股份代號：601899 H 股股份代號：2899) 開發礦業 造福社會 Mining for a Better Society 2022 中期報告 目錄 2 公司資料 3 釋義 5 本報告基本資料 6 經營回顧 12 管理層討論與分析 26 股本與股東情況 36 其他事項 56 合併資產負債表 59 合併利潤表 61 合併股東權益變動表 63 合併現金流量表 65 資產負債表 67 利潤表 68 股東權益變動表 70 現金流量表 72 財務報表附註 35 董事、監事及最高行政人員的權益及淡倉 2 紫金礦業集團股份有限公司 2022年中期報告 公司資料 | --- | --- | |----------------------------------------|----------------------------------------------------| | | | | 執行董事 | 本公司香港辦公地點 | | 陳景河 （董事長） | 香港九龍柯士甸道西 1 號 ...