上 市 公 司 有色金属 2024 年03月 25 日 紫金矿业 (601899) 公 司 研 究 ——矿铜产量突破百万吨，多扩建项目并行 / 公 司 点 报告原因：有业绩公布需要点评 评 买入 投资要点： （维持）  事件：公司公布2023年业绩，符合预期。1）2023年实现营收2934.0亿元（yoy+8.5%）， 归母净利润211.2亿元（yoy+5.4%)，扣非归母净利润216.2亿元（yoy+10.7%）。2） 证 2023Q4 实现营收 684.0 亿元（yoy+3.4%，qoq-8.4%），归母净利润 49.5 亿元 市场数据： 2024年03月22日 券 收盘价（元） 15.39 （yoy+46.8%，qoq-15.5%），扣非归母净利润64.1亿元（yoy+77.6%，qoq+15.4%）。 研 一年内最高/最低（元） 16.16/10.38  2023年矿产铜、矿产金产量同比增长 10%/16%，单位销售成本同比上涨 17/16%。据 究 市净率 3.8 公司年报，2023主要矿产品种（不含非控股企业）：1)矿产铜产量80.3万吨（yoy+10%）， 报 息率（分红/股价） 0.32 ...

Investment Rating - The report maintains a "Buy" rating for Zijin Mining (601899 SH) [1][4][15] Core Views - Zijin Mining achieved revenue of 293 4 billion yuan in 2023, a YoY increase of 9%, with net profit attributable to shareholders of 21 1 billion yuan, up 5% YoY [1][5] - The company's operating cash flow reached 36 9 billion yuan in 2023, a significant YoY increase of 29% [1][5] - Zijin Mining is actively advancing new projects, focusing on green and new energy minerals, with a clear long-term growth path [1][12][14] Financial Performance - In Q4 2023, the company achieved revenue of 68 4 billion yuan, up 3% YoY, and net profit attributable to shareholders of 5 billion yuan, up 47% YoY [1][5] - The company's 2024-2026 revenue is projected to be 315 4/337 7/355 5 billion yuan, with YoY growth rates of 7 5%/7 1%/5 3% [1][15] - Net profit attributable to shareholders for 2024-2026 is expected to be 24 995/31 141/36 853 billion yuan, with YoY growth rates of 18 4%/24 6%/18 3% [1][15] Core Mineral Production - In 2023, Zijin Mining produced 67 7 tons of mineral gold, up 20% YoY, and 1 01 million tons of mineral copper, up 11% YoY [6] - The company targets mineral gold production of 73 5 tons in 2024 and 90 tons in 2025, with mineral copper production targets of 1 11 million tons in 2024 and 1 17 million tons in 2025 [1][7] - Lithium production is expected to reach 2 5 million tons in 2024 and 12 million tons in 2025, marking a rapid expansion phase [7] Cost Analysis - In 2023, the unit operating cost of mineral gold was 223 07 yuan/gram, up 16 3% YoY, while mineral copper's weighted average unit operating cost was 23 270 11 yuan/ton, up 17 2% YoY [1][9] - Despite cost increases, Zijin Mining's copper C1 cost and gold AISC cost remain in the top 20% globally [1][9] Project Development - The Kamoa-Kakula Phase III project in the Democratic Republic of Congo is expected to be operational in Q2 2024, with a 500 000-ton copper smelter planned for Q4 2024 [1][14] - The Serbia copper mine expansion is expected to be completed by 2025, with an annual capacity of 300 000 tons [1][14] - The Julong Copper Mine Phase II expansion in Tibet is approved and expected to be operational by the end of 2025, with an annual capacity of 300 000-350 000 tons [1][14] Industry Outlook - The global metal mining industry is undergoing transformation, with a shift from "pursuing efficiency" to "pursuing safety" [12] - Gold prices are expected to remain strong in 2024 due to potential Fed rate cuts, while copper prices may be influenced by supply disruptions and demand dynamics [12] - Lithium prices are expected to stabilize around 100 000 yuan/ton, with a prolonged upstream capacity adjustment cycle [12]

Investment Rating - The report maintains an "Accumulate" rating for the company [3]. Core Views - The company achieved record high copper and gold production in 2023, with a significant increase in both volume and price [2]. - The net profit attributable to shareholders, excluding non-recurring gains and losses, reached 21.6 billion yuan, a year-on-year increase of 10.7% [1]. - The board proposed a cash dividend of 2 yuan per 10 shares, resulting in a dividend yield of 1.6% based on the closing price on March 22, 2024 [1]. Summary by Relevant Sections Performance - The average domestic copper price increased by 1.3% year-on-year, while the domestic gold price rose by 15%. However, the London copper price decreased by 3.6%, and the London gold price increased by 8% [2]. - Rising costs due to fuel, electricity, raw material prices, and depreciation of the RMB impacted performance. The cost of gold ingots was 286 yuan/g (up 14% year-on-year), and the cost of copper concentrate was 20,000 yuan/ton (up 6%) [2]. Production - The company achieved record high production in 2023, with copper production at 1.01 million tons (up 11% year-on-year) and gold production at 67.7 tons (up 20%) [2]. - The company plans to produce 1.11 million tons of copper and 74 tons of gold in 2024, with further increases projected for 2025 [2]. Industry Outlook - The report is optimistic about the upward trend in copper and gold prices in 2024. Limited supply growth in the copper sector and a potential decline in the US dollar index are expected to support higher gold prices [2]. Profit Forecast, Valuation, and Rating - The forecast for net profit attributable to shareholders is 27.3 billion yuan in 2024, 33.6 billion yuan in 2025, and 40.3 billion yuan in 2026, with corresponding PE ratios of 15, 12, and 10 times [3].

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

Dividend and Financial Performance - The board proposed a cash dividend distribution plan for 2023 of 2 CNY per 10 shares (including tax), with no stock distribution or capital reserve increase[3]. - The company achieved a net profit of 21.1 billion yuan, representing a year-on-year increase of 5.38%[11]. - Operating cash flow reached 36.9 billion yuan, up 28.5% year-on-year[11]. - The total revenue for 2023 reached 2,934 million RMB, representing a 9% increase compared to the previous year[22]. - The net profit attributable to shareholders for 2023 was 211 million RMB, a 5% increase year-on-year[26]. - The company's operating revenue for the reporting period was approximately CNY 293.40 billion, an increase of 8.54% compared to CNY 270.33 billion in 2022[55]. - The net profit for 2023 reached CNY 26.54 billion, reflecting a growth of 7.16% from CNY 24.77 billion in the previous year[55]. - The total assets of the company amounted to 3,430 billion CNY, with operating cash flow increasing by 12%[30]. - The company reported a total of ¥270.29 billion in foreign currency monetary assets, an increase of ¥31.38 billion compared to the previous year[162]. Strategic Goals and Market Position - The company aims to become a green, high-tech, leading global mining company, focusing on sustainable development and innovation[2]. - The management discussion highlights the company's strategic goals and production plans for 2024, addressing potential risks in the industry[5]. - The company has a clear vision for future growth, with plans to navigate industry challenges and capitalize on emerging opportunities[4]. - The company is focused on expanding its market presence and enhancing its technological capabilities in mining operations[2]. - The company is enhancing its global competitiveness through strategic acquisitions and resource allocation[16]. - The company plans to achieve a total lithium carbonate equivalent production capacity of 120,000 to 150,000 tons by 2025[39]. - The company is positioned to become a leading producer of lithium, molybdenum, and silver in the next five years, with over 13 million tons of lithium carbonate equivalent resources[49]. Production and Resource Management - The company plans to produce 1.11 million tons of copper, 73.5 tons of gold, 47,000 tons of zinc (lead), and 25,000 tons of lithium equivalent in 2024[13]. - The company holds significant resources, including approximately 75 million tons of copper and 3,000 tons of gold[13]. - The company has significant ongoing projects, including the Kamoa Copper Mine in the Democratic Republic of Congo, which is expected to reach an annual capacity of over 600,000 tons of copper by Q2 2024[20]. - The company has a total resource volume of 7,456,000 tons of copper and 2,998 tons of gold as of the end of 2023[37]. - The company has a total of 1,800,000 tons of copper reserves[75]. - The company has a total of 168 mining rights and 27 exploration permits currently valid[72]. Environmental, Social, and Governance (ESG) Commitment - The company emphasizes its commitment to social responsibility and sustainable development, with detailed performance metrics available in the ESG report[5]. - The company has a strong focus on ESG performance, contributing approximately 150 billion yuan to global society over the past three years[14]. - The company is committed to achieving carbon neutrality by 2050 and has set a target for carbon peak by 2029[15]. - The company has established a dual-carbon assessment mechanism, achieving a 1.46% year-on-year reduction in carbon emissions per ten thousand yuan of industrial added value[120]. - The company’s ESG performance ranks in the top tier of the industry, with a global ESG rating placing it in the top 6% of mining companies[121]. Technological Advancements and R&D - The company is focused on enhancing its technological capabilities in mining, particularly in mechanization, automation, and digitalization[20]. - The company has made significant advancements in new technology and equipment for geological exploration, including the self-developed Zhenduan Electromagnetic System[119]. - The company’s total R&D expenditure for the period was CNY 1,566,908,894, representing 0.53% of total revenue[157]. - The number of R&D personnel is 5,236, accounting for 9.48% of the total workforce[158]. - The company initiated 164 new research projects during the reporting period, including 2 national-level technology projects[159]. Operational Efficiency and Cost Management - The company emphasizes cost control and aims to maximize economic and social benefits while enhancing global competitiveness[190]. - The company is focused on enhancing its operational efficiency and reducing costs through improved project management and procurement strategies[192]. - The company reported a significant increase in financial expenses, which rose by 71.57% to CNY 3.27 billion, attributed to increased financing scale and higher foreign currency borrowing rates[145]. - The company’s interest coverage ratio is better than the industry average, supporting its rapid expansion strategy[164]. Community Engagement and Development - The company has invested 827 million yuan in community development, including a donation of 10 million yuan to earthquake-affected areas in Gansu[120]. - The company is actively engaged in community risk management related to its mining operations[70]. Market Trends and Challenges - The company acknowledges the uncertainty in the copper market due to potential supply disruptions from overseas mines and domestic consumption patterns[185]. - The company anticipates a shift in the industry landscape towards "pursuing safety" over "pursuing efficiency," influenced by global economic trends and risks[179]. - The company highlights that the current resource nationalism and increased ESG requirements are complicating resource development, leading to supply disruptions and maintaining high prices for gold and copper[182].

公司代码：601899 公司简称：紫金矿业 紫金矿业集团股份有限公司 2023 年度内部控制评价报告 紫金矿业集团股份有限公司全体股东： 根据《企业内部控制基本规范》及其配套指引的规定和其他内部控制监管要求（以下简称企业内部 控制规范体系），结合本公司（以下简称公司）内部控制制度和评价办法，在内部控制日常监督和专项 监督的基础上，我们对公司2023年12月31日（内部控制评价报告基准日）的内部控制有效性进行了评价。 一. 重要声明 按照企业内部控制规范体系的规定，建立健全和有效实施内部控制，评价其有效性，并如实披露内 部控制评价报告是公司董事会的责任。监事会对董事会建立和实施内部控制进行监督。经理层负责组织 领导企业内部控制的日常运行。公司董事会、监事会及董事、监事、高级管理人员保证本报告内容不存 在任何虚假记载、误导性陈述或重大遗漏，并对报告内容的真实性、准确性和完整性承担个别及连带法 律责任。 公司内部控制的目标是合理保证经营管理合法合规、资产安全、财务报告及相关信息真实完整，提 高经营效率和效果，促进实现发展战略。由于内部控制存在的固有局限性，故仅能为实现上述目标提供 合理保证。此外，由于情况的变化可能 ...

2023 年度独立董事述职报告 本人作为紫金矿业集团股份有限公司（以下简称"紫金矿业"） 独立董事，2023 年度严格按照《公司法》《证券法》《上市公司 独立董事规则》《上市公司独立董事管理办法》《香港联合交易 所有限公司证券上市规则》以及《公司章程》《公司独立董事工 作制度》等境内外相关法律、法规、制度、规章要求，依法合规、 勤勉尽责、忠实履职，审慎行使公司及股东赋予的权利，认真审 议董事会各项议案并对重大事项发表独立意见，切实维护公司整 体利益和中小股东合法权益；在公司治理、透明度等方面积极履 职，充分发挥独立董事的作用。现将本人 2023 年度履行独立董事 职责有关情况报告如下： 一、独立董事基本情况 （一）独立董事人员情况 紫金矿业第八届董事会由 13 名董事组成，其中独立董事 6 人， 占董事会人数 46%，符合并高于《上市公司独立董事规则》三分 之一比例要求。 （二）个人工作履历、专业背景及兼职情况 何福龙先生，1955 年生，工商管理硕士，高级经济师，享受 国务院特殊津贴，厦门大学管理学院、经济学院及王亚南经济研 究院兼职教授，国际经济与贸易系硕士生导师。1994 年至 1998 年任香港大公报 ...

证券代码：601899 股票简称：紫金矿业 编号：临 2024-023 紫金矿业集团股份有限公司 关于续聘会计师事务所的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 拟聘任的会计师事务所名称：安永华明会计师事务所（特殊普通合伙） 项目质量控制复核人钟晔女士，于2006年成为注册会计师、2000年开始从事上 市公司审计、2000年开始在安永华明执业、2021年开始为本公司提供审计服务；近 三年签署或复核9家上市公司年报或内控审计，涉及的行业包括：采矿业、计算机、 通信和其他电子设备制造业等。 1. 基本信息，安永华明会计师事务所（特殊普通合伙）以下简称"安永华明"， 于1992年9月成立，2012年8月完成本土化转制，从一家中外合作的有限责任制事务 所转制为特殊普通合伙制事务所。安永华明总部设在北京，注册地址为北京市东城 区东长安街1号东方广场安永大楼17层01-12室。截至2023年末拥有合伙人245人， 首席合伙人为毛鞍宁先生。安永华明一直以来注重人才培养，截至2023年末拥有执 业注册会计师近1,8 ...

证券代码：601899 股票简称：紫金矿业 编号：临 2024-027 紫金矿业集团股份有限公司 关于与紫金天风2024年度日常关联交易预计的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 本议案无需提交股东大会审议 本次关联交易属公司日常经营行为，定价公允合理，遵循平等自愿和诚实 信用原则，不会形成对关联方依赖，不存在损害公司及股东利益的情形。 一、日常关联交易基本情况 （一）日常关联交易履行的审议程序 2024 年 3 月 22 日，紫金矿业集团股份有限公司（简称"公司"）召开的第八 届董事会第六次会议审议通过了《关于与紫金天风 2024 年度日常关联交易预计的 议案》，关联董事林红英已回避表决。 本议案提交董事会审议前，已经第八届董事会独立董事专门会议第一次会议 决议审议通过，经核查，会议认为：公司及控股子公司与紫金天风期货股份有限公 司及其控股子公司的日常关联交易为公司正常经营业务所需，交易价格定价公允， 没有损害上市公司、股东、尤其是中小股东的权益，对公司财务状况、经营成果不 会产生较大影响，对 ...

| 规范正直的发行人 | 14 | | --- | --- | | 公司治理 | 15 | | ESG 风险管理 | 18 | | 商业道德 | 19 | | 人权 | 23 | | 董事长致辞 02 | | --- | | ESG 管理委员会主任致辞 03 | | 2023 年主要 ESG 绩效 04 | | 关于紫金矿业 05 | | 三十年可持续发展历程 09 | | 可持续发展战略目标 10 | | 重要性评估 12 | | 生态环境的守护者 | 29 | | --- | --- | | 环境管理体系（EMS） | 30 | | 水资源管理 | 33 | | 土地使用 | 39 | | 生物多样性保护 | 42 | | 废弃物管理 | 44 | | 尾矿库管理 49 | | | 气候转型的助推器 51 | | --- | | 气候变化 52 | | 员工发展 61 | | | --- | --- | | 员工信赖的大家庭 职业健康与安全（OHS） 67 | 60 | | 社区 75 | | --- | | 负责任供应链 86 | | 产品责任 90 | | 信息安全 91 | | 科技创新 91 | ...