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].

Financial Performance - The company's operating revenue for the first half of 2014 was CNY 92.94 billion, an increase of 5.64% compared to CNY 87.97 billion in the same period last year[22]. - The net profit attributable to shareholders for the first half of 2014 was CNY 1.20 billion, a decrease of 3.55% from CNY 1.24 billion in the previous year[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 483.23 million, down 57.66% from CNY 1.14 billion in the same period last year[22]. - The net cash flow from operating activities increased by 84.35% to CNY 4.06 billion, compared to CNY 2.20 billion in the same period last year[22]. - The total assets at the end of the reporting period were CNY 96.33 billion, an increase of 8.52% from CNY 88.77 billion at the end of the previous year[22]. - The net assets attributable to shareholders at the end of the reporting period were CNY 44.11 billion, a slight decrease of 0.92% from CNY 44.52 billion at the end of the previous year[22]. - The basic earnings per share for the first half of 2014 were CNY 0.35, a decrease of 2.78% from CNY 0.36 in the same period last year[24]. - The weighted average return on net assets was 2.70%, down 0.2 percentage points from 2.90% in the previous year[24]. - The company reported a total of CNY 713.11 million in non-recurring gains and losses for the reporting period[28]. - The average copper price during the first half was USD 6,912 per ton, down 8.3% compared to the previous year[33]. - Operating costs increased to RMB 90,393,434,774, reflecting a rise of RMB 5,905,039,051 or 6.99% from the previous year[35]. - Financial expenses surged to RMB 396,738,459, an increase of RMB 233,012,925 or 143.81% year-on-year, primarily due to increased borrowing and rising financing costs[35]. Cash Flow and Investments - The net cash flow from operating activities was RMB 4,060,581,042, up 84.35% compared to the previous year[35]. - The company reported a significant increase in prepayments, which rose to RMB 4.29 billion from RMB 3.53 billion, indicating a growth of approximately 21.5%[109]. - The company reported an increase in investment income to RMB 688.15 million from RMB 47.63 million, a substantial rise of approximately 1,442.5%[121]. - The net cash flow from investment activities was negative at RMB (2,566,486,140), worsening from RMB (1,181,394,919) year-over-year[126]. - Cash inflow from financing activities totaled RMB 17,323,708,449, up from RMB 15,644,289,899, indicating a growth of 10.8%[126]. - The company reported a net profit of RMB 1,196,342,826 for the period, contributing to a total equity of RMB 44,111,390,725[132]. Revenue Breakdown - Revenue from cathode copper increased by RMB 1.170 billion (2.21%), but operating profit decreased by RMB 509 million (-40.18%) due to falling prices[47]. - Revenue from silver decreased by RMB 187 million (-12.87%), while operating profit increased by RMB 147 million (270.40%) due to increased sales volume[49]. - Revenue from chemical products fell by RMB 413 million (-40.43%), with operating profit decreasing by RMB 195 million (-62.93%) due to price declines[49]. - Total revenue from mainland China was RMB 81.92 billion, reflecting a year-on-year increase of 3.99%[52]. Shareholder Information - The total number of shareholders at the end of the reporting period was 190,367, with the largest shareholder, Jiangxi Copper Group, holding 40.41% of the shares[88]. - Jiangxi Copper Group's shareholding remained unchanged during the reporting period, with a total of 1,399,249,325 shares[88]. - The company declared a dividend of 0.5 RMB per share to all shareholders, which was distributed on July 31, 2014[68]. - The company commits to distributing at least 10% of the distributable profits as cash dividends each year, provided that profits are positive and cash flow supports normal operations[81]. Related Party Transactions - Jiangxi Copper Company reported a total of RMB 1,592,131,297 in related party transactions during the reporting period[76]. - The company engaged in transactions with its affiliate Zhejiang Hedong Copper Industry Co., Ltd. amounting to RMB 152.63 million and with Jiangxi Jiang Copper Baotai Environmental Technology Co., Ltd. for RMB 1.28 million[77]. - The pricing principles for related party transactions are based on national pricing, industry pricing, market prices, and cost plus tax[77]. Financial Governance and Compliance - The company has complied with the cash dividend distribution commitments as per the regulations and its articles of association[84]. - The company has not faced any penalties or corrective actions from the China Securities Regulatory Commission during the reporting period[83]. - The company has maintained a strong governance structure in accordance with relevant laws and regulations, enhancing its management and investor relations[84]. Asset and Liability Management - The company's total liabilities increased to RMB 51.13 billion from RMB 43.13 billion, representing a rise of about 18.6%[112]. - Current assets reached RMB 67.19 billion, up from RMB 60.76 billion, indicating an increase of approximately 10.5%[109]. - The total equity attributable to shareholders decreased slightly to RMB 44.11 billion from RMB 44.52 billion, a decline of approximately 0.9%[112]. - Inventory levels decreased to RMB 14.24 billion from RMB 14.68 billion, a reduction of about 3.0%[109]. Operational Insights - The company plans to enhance internal management, strengthen cost control, and improve operational efficiency to safeguard performance in the second half of the year[45]. - The company expects commodity prices to stabilize due to government measures, but anticipates downward pressure on copper prices from increased supply and exports from Indonesia[44]. - The production of cathode copper reached 569,000 tons, a year-on-year increase of 1.83%, while gold production was 13,183 kg, up 3.80%[43]. Accounting and Financial Reporting - The company continues to operate under the accounting standards set by the Ministry of Finance, ensuring compliance with financial reporting regulations[145]. - The financial statements prepared by the company comply with the requirements of the enterprise accounting standards, accurately reflecting the financial position and operating results for the period from January 1, 2014, to June 30, 2014[147]. - The company and its domestic subsidiaries use Renminbi as their functional currency, while subsidiaries in Hong Kong, Singapore, and Turkey use Hong Kong Dollar, US Dollar, and Turkish Lira respectively[149].

Financial Performance - Operating revenue decreased by 10.20% to CNY 41,288,867,790 compared to the same period last year[9] - Net profit attributable to shareholders decreased by 64.21% to CNY 347,379,349 compared to the same period last year[9] - Basic earnings per share decreased by 64.29% to CNY 0.1 compared to the same period last year[9] - The total profit decreased by 61.04% to RMB 504,323,900, primarily due to declining product prices[20] - Net profit fell by 64.79% to RMB 350,590,100, attributed to lower product prices impacting profitability[22] - Total operating revenue for the first quarter was CNY 41.29 billion, down 10.5% from CNY 45.98 billion in the same period last year[37] - Net profit for the first quarter was CNY 350.59 million, a decline of 64.8% compared to CNY 995.77 million in the previous year[37] Cash Flow - Cash flow from operating activities decreased by 65.80% to CNY 311,840,133 compared to the same period last year[9] - Cash inflows from sales dropped by RMB 542,789,000[24] - Cash flow from investing activities improved by 18.33%, reaching RMB -833,014,940, with a reduction in cash outflows for short-term investments[25] - Cash flow from financing activities decreased significantly by 188.71% to RMB -688,705,953, mainly due to reduced cash from borrowings[25] - Operating cash inflow decreased to CNY 49.15 billion from CNY 55.04 billion, a decline of approximately 10.6% year-over-year[43] - Net cash flow from operating activities was CNY 311.84 million, down from CNY 911.81 million, representing a decrease of about 65.8%[43] - Cash inflow from financing activities decreased to CNY 2.60 billion from CNY 3.58 billion, a decline of about 27.4%[43] - Net cash flow from financing activities was -CNY 688.71 million, compared to CNY 776.37 million in the previous period[43] Assets and Liabilities - Total assets increased by 2.50% to CNY 90,986,293,320 compared to the end of the previous year[9] - The company's total liabilities increased to CNY 44.95 billion from CNY 43.13 billion, representing a growth of 4.2%[32] - Current liabilities totaled CNY 38.03 billion, up from CNY 36.30 billion, indicating a rise of 4.7%[32] - The company's cash and cash equivalents decreased from RMB 23,992,113,234 to RMB 23,116,908,252[31] - The company's total assets increased to RMB 90,986,293,320, up from RMB 88,766,654,061 at the beginning of the year[31] - The total equity attributable to shareholders increased to CNY 44.92 billion from CNY 44.52 billion, reflecting a growth of 0.9%[32] Shareholder Information - The total number of shareholders as of the report date was 192,735[12] - The largest shareholder, Jiangxi Copper Group, holds 40.41% of the shares[12] - The top ten shareholders collectively hold a significant portion of the company's shares, with the second-largest being Hong Kong Central Clearing and Settlement System at 36.03%[12] Inventory and Prepayments - Prepayments rose by 46.79% to RMB 5,180,404,054, driven by increased procurement during the reporting period[17] - The company’s inventory decreased to CNY 10.32 billion from CNY 10.66 billion, a reduction of 3.2%[33] Non-recurring Items - Non-recurring gains and losses totaled CNY 26,762,042 for the reporting period[10]

Financial Performance - The company reported a revenue of CNY 175.89 billion in 2013, an increase of 10.93% compared to CNY 158.56 billion in 2012[24]. - The net profit attributable to shareholders was CNY 3.57 billion, a decrease of 31.65% from CNY 5.22 billion in the previous year[24]. - The basic earnings per share decreased to CNY 1.03, down 31.79% from CNY 1.51 in 2012[25]. - The net cash flow from operating activities was CNY 5.23 billion, down 17.39% from CNY 6.33 billion in 2012[24]. - The total revenue for Jiangxi Copper Co., Ltd. in 2013 was RMB 168,003,017,963, representing an increase of 11.84% compared to the previous year[43]. - The company reported a total investment of RMB 71,455 million during the period, a decrease of RMB 155,493 million (-68.51%) compared to the previous year[76]. - The company achieved a revenue of 414,626,544 CNY from electrolytic copper sales, priced at 1.06 CNY per ton[114]. - The company reported a profit from the sale of securities amounting to RMB 261,033 million during the reporting period[72]. Production and Operations - The company produced 25.4 tons of gold and 718 tons of silver in 2013, maintaining its position as one of China's largest gold and silver producers[22]. - The annual production capacity of cathode copper exceeded 1 million tons, with actual production reaching 1.12 million tons in 2013[22]. - The company produced 298,000 tons of sulfuric acid and 211,000 tons of sulfur concentrate in 2013, solidifying its position as one of China's largest sulfur chemical bases[22]. - The production of copper processing products increased by 42.79% to 831,200 tons, with sales also rising by 41.37% to 828,800 tons[39]. - The company’s copper smelting capacity exceeded 1.1 million tons, maintaining its leading position in the domestic copper industry[73]. - The company plans to produce 1.12 million tons of cathode copper, 25.4 tons of gold, and 560 tons of silver in 2014[99]. Assets and Liabilities - The total assets of the company increased by 13.61% to CNY 88.77 billion at the end of 2013, compared to CNY 78.13 billion at the end of 2012[24]. - The total liabilities increased by 26.01% to RMB 43.13 billion, with current liabilities accounting for 40.89% of total liabilities[67]. - Cash and cash equivalents amounted to RMB 23.99 billion, representing 27.03% of total assets, an increase of 18.13% compared to the previous period[66]. - Accounts receivable rose to RMB 8.25 billion, a significant increase of 102.45% year-on-year, primarily due to sales growth[68]. - Inventory decreased by 7.86% to RMB 14.68 billion, indicating improved inventory management[66]. Dividends and Shareholder Returns - The board of directors proposed a final dividend of RMB 0.5 per share (including tax) for the year 2013[7]. - The cumulative distributable profit for the company is positive, and the cash dividend distribution will be no less than 10% of the distributable profit for the year if earnings exceed RMB 0.01 per share[107]. - In 2013, the company distributed a total of RMB 1,731,364,703 in cash dividends, representing 48.57% of the net profit attributable to shareholders[109]. - The company has maintained a cash dividend policy that ensures a minimum of 30% of the average distributable profit over the last three years is distributed in cash[107]. Risk Management and Future Outlook - The report includes a risk statement regarding future plans and development strategies, emphasizing the importance of investor awareness of risks[8]. - The company expects to face risks from copper price declines, estimating a profit reduction of 210 million RMB for every 1,000 RMB drop in copper price[104]. - The company aims to enhance its copper resource control and profitability through strategic acquisitions and expansions[87]. - The company plans to increase its merger and acquisition efforts to expand resource reserves and project inventory[101]. Governance and Management - The company has established a governance structure that complies with relevant laws and regulations, ensuring proper operation of the board of directors and shareholder meetings[164]. - The company has undergone several management changes, including the appointment of Li Baomin as chairman on March 4, 2013[155]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to 14.8569 million yuan[153]. - The company emphasizes the importance of performance evaluation in determining compensation for its executives[153]. Environmental and Safety Initiatives - The company completed the construction of the "Six Major Systems" for underground mine safety, achieving good results in safety and environmental protection[34]. - The company emphasizes the importance of safety, environmental protection, and energy conservation in its operational strategy[102]. - The company aims to establish an energy management system to meet national standards by the end of 2014 and implement key energy-saving projects[102].