JCCL(600362)

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江西铜业(600362) - 2019 Q4 - 年度财报
2020-03-30 16:00
Financial Performance - The company's operating revenue for 2019 was RMB 240.36 billion, an increase of 11.64% compared to RMB 215.29 billion in 2018[21]. - The net profit attributable to shareholders of the listed company was RMB 2.47 billion, a slight increase of 0.77% from RMB 2.45 billion in the previous year[21]. - The total assets of the company reached RMB 134.91 billion, representing a growth of 31.16% compared to RMB 102.87 billion at the end of 2018[21]. - The net cash flow from operating activities was RMB 8.25 billion, an increase of 0.86% from RMB 8.18 billion in 2018[21]. - The net assets attributable to shareholders of the listed company increased to RMB 52.75 billion, up 5.99% from RMB 49.77 billion in 2018[21]. - The company reported a net profit of RMB 2.23 billion after deducting non-recurring gains and losses, a significant increase of 60.49% compared to RMB 1.39 billion in 2018[21]. - Basic earnings per share for 2019 remained unchanged at CNY 0.71 compared to 2018, while diluted earnings per share were not applicable[22]. - The weighted average return on equity decreased to 4.81% in 2019 from 5.03% in 2018, a decline of 0.22 percentage points[22]. - The company reported a total net profit of CNY 2,437,988,376 under international accounting standards for 2019[24]. - The company reported a total revenue of 18.33 billion, with a profit impact of 201.91 million[89]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of RMB 0.10 per share for the 2019 fiscal year[5]. - In 2019, the company reported a net profit attributable to ordinary shareholders of RMB 2,466,407,085, with a profit distribution ratio of 14.04%[112]. - The company has a cash dividend policy that ensures at least 10% of the distributable profits are allocated for cash dividends if certain conditions are met, with a cumulative cash distribution of no less than 30% of the average annual distributable profits over the past three years[109]. Investments and Acquisitions - The company acquired a 29.99% stake in Hengbang Co., marking a significant step into a "dual listing platform era" and enhancing its industry layout[52]. - The company’s investment activities generated a net cash outflow of RMB 11.94 billion, a 30.13% increase compared to RMB 9.18 billion in the previous year[58]. - The company’s long-term borrowings amounted to RMB 5,257,859,073, up 60.20% from the previous period, due to new long-term financing of RMB 4,900,000,000[77]. - The company’s accounts payable rose to RMB 8,363,608,696, a 94.20% increase, driven by the acquisition of Hengbang Co. and increased procurement costs[76]. Production and Operational Capacity - The company has the capacity to produce 50 tons of gold and 700 tons of silver annually, along with 250,000 tons of electrolytic copper and 1.3 million tons of sulfuric acid[35]. - The production of cathode copper reached 1,556,300 tons in 2019, a year-on-year growth of 6.26% from 1,464,600 tons in 2018[52]. - The company’s gold production increased by 96.09% to 50.16 tons in 2019, up from 25.58 tons in 2018[52]. - The production volume of cathode copper was 1.5563 million tons, reflecting a year-over-year increase of 6.32%, while sales volume was 1.3179 million tons, up by 9.58%[64]. - The production of sulfuric acid was 4.7617 million tons, with a sales volume of 4.7412 million tons, showing an increase of 18.50% year-over-year[64]. Research and Development - Research and development expenses surged by 183.03% to RMB 585.69 million, reflecting the company's commitment to innovation[58]. - The company applied for 113 patents in the past year, with 75 patents granted, including 18 invention patents, showcasing its focus on technological advancement[55]. Environmental and Safety Management - The company has implemented organized emissions control measures across 2 discharge points in the plant area[140]. - The company achieved a 100% compliance rate for national pollution source online monitoring throughout the year[142]. - The company has initiated 14 environmental protection projects, including upgrades to desulfurization systems and tailings management[144]. - The company has established emergency response plans for environmental incidents, enhancing its ability to manage and mitigate potential pollution events[147]. - No major safety incidents occurred within the group during the reporting period, indicating effective safety management practices[152]. Market and Economic Conditions - The company recognizes the potential impact of global economic downturns and uncertainties, such as the COVID-19 pandemic and trade tensions, on copper consumption and demand[93]. - The company faces risks from changes in the market environment, including macroeconomic conditions affecting overall consumer demand and the cyclical nature of demand for copper products from various industries[104]. Corporate Governance - The company has established a framework for independent directors to review and approve profit distribution proposals, ensuring transparency and communication with minority shareholders[109]. - The company strictly adhered to the regulations of the China Securities Regulatory Commission and continuously improved its corporate governance structure during the reporting period[182]. - The remuneration decision-making process for directors and senior management involves a compensation committee that proposes remuneration plans for board approval[174]. Employee Management - The total number of employees in the parent company is 10,615, while the total number of employees in major subsidiaries is 12,598, resulting in a combined total of 23,213 employees[177]. - A total of 6,857 training sessions were conducted for employees in 2019, focusing on enhancing skills and capabilities[179]. - The company has a structured mechanism for talent development, including one-on-one services for leaders and high-level talents, and a dual-channel approach for talent acquisition and training[179].
江西铜业(600362) - 2018 Q2 - 季度业绩预告
2018-07-27 16:00
Financial Performance - The company expects a net profit attributable to shareholders for the first half of 2018 to increase by CNY 415 million to CNY 664 million, representing a year-on-year growth of 50% to 80%[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses is projected to increase by CNY 83 million to CNY 332 million, with a year-on-year increase of 13.34% to 53.38%[6] - The net profit for the first half of 2017 was restated to CNY 829 million, which is approximately CNY 1.496 million lower than previously reported[4] - The expected earnings per share for the first half of 2018 is CNY 0.24 per share[7] Profit Drivers - The primary reason for the profit increase is the year-on-year rise in prices of major metal products[8] Forecast Accuracy - There are no significant uncertainties affecting the accuracy of this profit forecast[9] - The forecast data is preliminary and the final financial data will be disclosed in the official half-year report[10]
江西铜业(600362) - 2017 Q4 - 年度业绩预告
2018-01-30 16:00
Financial Performance Forecast - The company expects a net profit attributable to shareholders for 2017 to increase by 788 million to 1.024 billion yuan, representing a year-on-year increase of 100%-130%[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses is expected to increase by 666 million to 1.009 billion yuan, a year-on-year increase of 47.99%-72.69%[5] - The net profit for the previous year was 788 million yuan, and the net profit after deducting non-recurring gains and losses was 1.388 billion yuan[6] Performance Drivers - The increase in performance is primarily driven by the rise in prices of major metal products compared to the previous year[8] Non-Recurring Gains and Losses - The company has accounted for changes in income tax rates and recognized asset impairment and losses as part of non-recurring gains and losses[8] Forecast Accuracy and Risks - There are no significant uncertainties affecting the accuracy of this performance forecast[9] - The forecast data is preliminary and the final audited financial data will be disclosed in the official 2017 annual report[10] - The company emphasizes the importance of investors being aware of investment risks[10] Announcement Details - The announcement was made by the board of directors on January 30, 2018[12]
江西铜业(600362) - 2017 Q3 - 季度业绩预告
2017-10-16 16:00
Financial Performance - For the first three quarters of 2017, the net profit attributable to shareholders is expected to increase by 50%-70% compared to the same period last year[2] - The net profit for the same period last year was approximately 988.29 million yuan[3] - The earnings per share for the same period last year was 0.29 yuan per share[3] - The main reason for the profit increase is the rise in prices of major metal products compared to the previous year[4] Audit and Risk Disclosure - The data provided is preliminary and has not been audited by registered accountants[5] - Investors are advised to pay attention to investment risks as the final financial data will be disclosed in the official third-quarter report[5]
江西铜业(600362) - 2017 Q2 - 季度业绩预告
2017-07-26 16:00
Financial Performance - The company expects a net profit attributable to shareholders for the first half of 2017 to increase by 60%-80% compared to the same period last year[2] - The net profit for the same period last year was 473,376,745 yuan[3] - The earnings per share for the same period last year was 0.14 yuan per share[3] Profit Drivers - The primary reason for the profit increase is the year-on-year rise in prices of major metal products[4] Reporting Status - The financial data provided is preliminary and subject to final confirmation in the official half-year report[5]
江西铜业(600362) - 2017 Q1 - 季度业绩预告
2017-04-07 16:00
Financial Performance - The company expects a net profit attributable to shareholders for Q1 2017 to increase by 140%-160% compared to the same period last year [2]. - The net profit for the same period last year was 201,371,672 yuan [3]. - The earnings per share for the same period last year was 0.06 yuan per share [3]. - The primary reason for the profit increase is the year-on-year rise in prices of major metal products [4]. Financial Reporting - The financial data provided is preliminary and has not been audited by registered accountants [5]. - The official financial data will be disclosed in the formal Q1 2017 report [5]. - Investors are advised to pay attention to investment risks related to the preliminary data [5].
江西铜业(600362) - 2016 Q4 - 年度业绩预告
2017-01-24 16:00
Financial Performance Expectations - The company expects a net profit attributable to shareholders for 2016 to increase by 40% to 60% compared to the previous year[3] - The net profit for the previous year was 637,218,130 yuan[4] - The earnings per share for the previous year was 0.18 yuan per share[4] Factors Influencing Performance - The increase in performance is attributed to enhanced internal cost control and rising prices of gold and silver products[5] Financial Data Disclaimer - The financial data provided is preliminary and subject to final audit in the 2016 annual report[6]
江西铜业(600362) - 2015 Q4 - 年度业绩预告
2016-01-29 16:00
Financial Performance - The estimated net profit attributable to shareholders for 2015 is expected to decrease by 60% to 80% compared to the previous year[2] - The net profit for the previous year was 2,850,649,245 yuan[3] - The earnings per share for the previous year was 0.82 yuan[3] Reasons for Profit Reduction - The primary reason for the profit reduction is the continuous decline in international commodity prices, leading to a significant drop in sales prices of copper and gold products[4] - The gross profit margin has decreased substantially due to the drop in product prices[4] Forecast and Auditing - The forecasted data is preliminary and has not been audited by registered accountants[2] - The official audited financial data will be disclosed in the company's annual report[5] Investment Advisory - Investors are advised to pay attention to investment risks based on the preliminary estimates[5] Reporting Period - The performance forecast period is from January 1, 2015, to December 31, 2015[2] - The announcement was made by the Board of Directors on January 29, 2016[7]
江西铜业(600362) - 2014 Q3 - 季度财报
2014-10-28 16:00
Financial Performance - Net profit attributable to shareholders decreased by 5.89% to CNY 2.32 billion compared to the same period last year[9]. - Operating revenue for the first nine months rose by 11.74% to CNY 147.43 billion compared to the same period last year[8]. - The basic earnings per share decreased by 5.63% to CNY 0.67[9]. - Total profit for the first nine months of 2023 was ¥3.25 billion, an increase of 4.1% from ¥3.12 billion in the same period last year[47]. - Net profit for Q3 2023 was ¥1.16 billion, a decrease of 12.4% compared to ¥1.32 billion in Q3 2022[47]. - Basic earnings per share for Q3 2023 were ¥0.32, down from ¥0.35 in Q3 2022[47]. Cash Flow - Net cash flow from operating activities increased by 54.81% to CNY 4.52 billion compared to the same period last year[8]. - Cash flow from operating activities for the first nine months of 2023 was ¥4.52 billion, significantly higher than ¥2.92 billion in the same period last year[53]. - Net cash flow from investing activities decreased by RMB 19.62 billion, totaling RMB -2.76 billion, primarily due to reduced cash inflows from short-term investments[30]. - The company reported a net cash flow from financing activities of -CNY 1,623,526,609 for the first nine months of 2014, worsening from -CNY 461,339,452 in the same period last year[56]. Assets and Liabilities - Total assets increased by 5.44% to CNY 93.59 billion compared to the end of the previous year[8]. - Total liabilities increased to ¥47.19 billion from ¥43.13 billion, marking an increase of approximately 9.5%[38]. - Current assets rose to ¥64.33 billion, up from ¥60.76 billion, indicating an increase of about 4.3%[36]. - The company's equity increased to ¥46.41 billion from ¥45.64 billion, reflecting a growth of about 1.7%[38]. Investments and Expenses - Financial expenses surged by 148.43%, from RMB 215.67 million to RMB 535.80 million, driven by increased bank borrowings and rising financing costs[23]. - Investment properties rose by 103.60%, from RMB 174.84 million to RMB 355.98 million, due to the conversion of self-used buildings to rental properties[17]. - Long-term investments rose to ¥3.11 billion from ¥2.68 billion, a growth of approximately 15.9%[36]. - Fair value changes in earnings skyrocketed by 1531.49%, from RMB 28.73 million to RMB 468.75 million, mainly due to gains from non-hedging commodity futures contracts[24]. Shareholder Information - The number of shareholders reached 187,548 by the end of the reporting period[13]. - Jiangxi Copper Group Company holds 40.40% of the shares, with a decrease of 310,000 shares during the reporting period[13]. Government Support - The company received government subsidies amounting to CNY 48.76 million for the first nine months[11].