Financial Performance - Total revenue for the third quarter reached RMB 71.73 billion, an increase of 21.35% year-on-year[4] - Net profit for the third quarter was RMB 5.26 billion, a decrease of 6.49% compared to the same period last year[4] - The net profit attributable to shareholders was RMB 4.04 billion, down 13.24% year-on-year[4] - Basic earnings per share for the quarter were RMB 0.155, a decrease of 12.70% compared to the previous year[6] - The total profit for the year-to-date was RMB 24.88 billion, an increase of 34.90% compared to the previous year[4] - In the first nine months of 2022, the company achieved a revenue of CNY 204.19 billion, representing a year-on-year growth of 20.84%[13] - The net profit attributable to shareholders for the same period was CNY 16.67 billion, an increase of 47.47% year-on-year[13] - Net profit for the third quarter of 2022 was 20.69 billion, up from 14.53 billion in the same quarter of 2021, indicating a growth of approximately 42.4%[19] - Basic and diluted earnings per share for the third quarter of 2022 were both CNY 0.635, up from CNY 0.440 in the previous year, indicating a growth of approximately 44.3%[20] Assets and Liabilities - Total assets increased by 37.48% year-on-year, reaching RMB 286.77 billion[6] - The company's total assets as of the end of the third quarter of 2022 amounted to 286.77 billion, compared to 208.59 billion at the end of the same quarter in 2021, marking an increase of about 37.4%[17] - Total liabilities increased to 167.17 billion in the third quarter of 2022 from 115.70 billion in the same quarter of 2021, representing a growth of approximately 44.5%[17] - The company's non-current assets totaled 204.00 billion, up from 161.53 billion year-over-year, reflecting an increase of about 26.3%[17] - The company's equity attributable to shareholders increased to 84.33 billion from 71.03 billion, reflecting a growth of about 18.7%[17] - The total liabilities rose to ¥60,311,808,693 from ¥44,155,030,856, which is an increase of around 36.5%[26] - The company's long-term borrowings increased to ¥18,532,992,500 from ¥6,666,077,500, reflecting a growth of approximately 178.5%[26] Cash Flow - The company reported a net cash flow from operating activities of RMB 21.95 billion, an increase of 23.21% year-to-date[6] - Cash inflow from operating activities for the first three quarters of 2022 was CNY 219,822,304,943, compared to CNY 176,032,373,386 in the same period of 2021, reflecting an increase of about 24.9%[22] - The net cash flow from operating activities for the first three quarters of 2022 was CNY 21,948,447,561, up from CNY 17,814,544,258 in 2021, marking a growth of approximately 23.9%[22] - The total cash and cash equivalents at the end of the third quarter of 2022 amounted to CNY 20,011,920,247, compared to CNY 12,874,274,676 at the end of the same period in 2021, showing an increase of about 55.5%[23] - The net cash flow from financing activities for the third quarter of 2022 was CNY 13,524,919,252, significantly higher than CNY 4,450,325,358 in the previous year, indicating a growth of approximately 203.5%[23] - The company reported a significant increase in cash received from sales of goods and services, totaling CNY 217,867,098,629 for the first three quarters of 2022, compared to CNY 174,563,915,662 in 2021, which is an increase of approximately 24.8%[21] Production and Operations - Gold production increased by 18.94% year-on-year, reaching 40,982 kg, while copper production surged by 54.98% to 632,497 tons[13] - The gross profit margin for mining enterprises was 56.38%, a decrease of 2.85 percentage points compared to the previous year[13] - The comprehensive gross profit margin improved to 15.60%, an increase of 0.82 percentage points year-on-year[13] - The company is focusing on key projects such as the Serbia Peji Copper-Gold Mine and the Kamoa-Kakula Copper Mine for future growth[13] - The company has plans for market expansion and new product development in the mining sector[13] Future Outlook - The company plans to continue expanding its market presence and product offerings in the upcoming quarters[9] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[19]

Financial Performance - Zijin Mining Group reported a revenue of RMB 50.3 billion for the first half of 2022, representing a year-on-year increase of 15%[3]. - The company achieved a net profit of RMB 8.2 billion, up 20% compared to the same period last year[3]. - The company achieved operating revenue of RMB 132.458 billion, a year-on-year increase of 20.57% compared to RMB 109.863 billion in the same period last year[8]. - Total profit reached RMB 18.570 billion, up 61.90% from RMB 11.470 billion year-on-year, with net profit attributable to shareholders of RMB 12.630 billion, an increase of 89.95% from RMB 6.649 billion[8]. - The company reported a total profit of RMB 18.57 billion, an increase of 62.5% from RMB 11.47 billion in the first half of 2021[134]. - The company reported a net profit of RMB 300.43 million from the acquisition of the Peggy copper-gold mine during the reporting period[37]. - The company reported a net profit of RMB 145,442 million from the Heihe Duobao Mountain Copper Industry Co., Ltd., which has total assets of RMB 1,086,924 million and net assets of RMB 548,827 million[53]. Production and Operations - Copper production reached 200,000 tons, an increase of 10% year-on-year, while gold production was 1.5 million ounces, up 5%[3]. - The company produced 410,000 tons of copper, 27 tons of gold, 220,000 tons of zinc (lead), and 184 tons of silver, with copper and gold production increasing by 70.47% and 22.79% year-on-year, respectively[9]. - Copper production reached 756,523 tons, a year-on-year increase of 36.10% from 555,872 tons[16]. - Gold production totaled 155,559 kg, up 3.75% from 149,933 kg year-on-year, with mining gold increasing by 22.79% to 27,031 kg[17]. - Zinc production increased by 6.28% to 365,641 tons, with mined zinc concentrate rising by 3.23% to 202,716 tons[17]. - Silver production grew by 17.23% to 540,836 kg, with mined silver increasing by 10.12% to 183,602 kg[19]. Strategic Initiatives - Zijin Mining plans to expand its operations in Africa and South America, targeting a 25% increase in international revenue by 2025[3]. - The company is investing RMB 1 billion in new technology for sustainable mining practices, aiming to reduce carbon emissions by 30% by 2030[3]. - The company is focusing on enhancing its lithium production capacity, with plans to increase output by 50% by 2024[3]. - The company plans to achieve an annual lithium carbonate equivalent production capacity of over 150,000 tons, positioning itself among the top 10 global lithium resource companies[11]. - The company has accelerated the construction of key projects, including the Congo (Kinshasa) Kamoa copper mine and lithium projects in Argentina and Tibet[10]. Financial Position - The company's total assets increased to RMB 150 billion, reflecting a growth of 12% year-on-year[3]. - The total assets as of June 30, 2022, amounted to RMB 271.567 billion, a growth of 30.19% from RMB 208.595 billion at the beginning of the year[8]. - The total liabilities of the group as of June 30, 2022, amounted to RMB 160.51 billion, an increase from RMB 110.24 billion as of June 30, 2021, resulting in a capital-to-debt ratio of 1.4453[38]. - The company's cash and cash equivalents increased by 37.79% to RMB 19.60 billion, compared to RMB 14.22 billion at the end of the previous year[32]. - The company's total current assets reached RMB 80.07 billion, up 70.2% from RMB 47.06 billion at the end of 2021[130]. Environmental and Social Responsibility - The company invested RMB 306 million in the upgrade and construction of environmental protection facilities during the reporting period[85]. - The company achieved a 25.59% reduction in sulfur dioxide emissions per unit of revenue compared to the previous year[90]. - The company invested RMB 577 million in environmental restoration projects, with RMB 271 million specifically for ecological restoration, a 67% increase year-on-year[92]. - The company has planted 839,000 trees and restored vegetation over 7.92 million square meters during the reporting period[92]. - The company invested approximately RMB 61.95 million in rural revitalization and poverty alleviation efforts during the reporting period[97]. Shareholder Information - As of June 30, 2022, Minxi Xinghang State-owned Assets Investment Management Co., Ltd. holds 6,083,517,704 shares, representing approximately 23.11% of the total issued domestic shares and 29.54% of the total issued shares[63]. - Citigroup Inc. holds a total of 556,932,512 H shares (good position), which is about 9.70% of the total issued H shares[64]. - The company has maintained a diverse shareholder base with significant holdings from various institutional investors[74]. Risk Factors - The company faces risks from concerns over a global economic downturn, geopolitical instability, and potential tightening of policies related to carbon emissions[58]. - The company anticipates a gradual increase in copper prices in the second half of the year due to weak global macroeconomic conditions and growing demand in clean energy and electric vehicles[57]. - The company expects gold prices to rise and remain volatile due to high inflation in major economies and the potential for financial market fluctuations[57].

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 132.46 billion, representing a 20.57% increase compared to CNY 109.86 billion in the same period last year[10]. - Total profit for the first half of 2022 reached CNY 18.57 billion, a significant increase of 61.90% from CNY 11.47 billion year-on-year[10]. - Net profit for the first half of 2022 was CNY 15.43 billion, up 73.17% from CNY 8.91 billion in the previous year[10]. - The net profit attributable to shareholders of the listed company was CNY 12.63 billion, marking an 89.95% increase from CNY 6.65 billion year-on-year[10]. - The total comprehensive income for the first half of 2022 was RMB 14.60 billion, compared to RMB 10.39 billion in the same period of 2021, indicating a growth of 40.5%[115]. - Basic earnings per share for the first half of 2022 were RMB 0.480, compared to RMB 0.262 in the same period of 2021, representing an increase of 83.6%[114]. Cash Flow and Investments - The net cash flow generated from operating activities was CNY 15.58 billion, reflecting a 29.53% increase compared to CNY 12.03 billion in the same period last year[10]. - The total cash outflow from investing activities was RMB 25.33 billion in the first half of 2022, compared to RMB 13.76 billion in the same period of 2021, indicating a significant increase of about 84%[118]. - The company raised RMB 41.95 billion through financing activities in the first half of 2022, compared to RMB 38.18 billion in the same period of 2021, reflecting an increase of approximately 7%[119]. - The company reported a significant increase in cash inflows from investment activities, totaling RMB 3.50 billion in the first half of 2022, compared to RMB 1.57 billion in the same period of 2021, indicating a growth of approximately 123%[118]. Assets and Liabilities - Total assets increased by 30.19% to CNY 271.57 billion compared to CNY 208.59 billion at the end of the previous year[10]. - The company's total liabilities as of June 30, 2022, were RMB 160.51 billion, up from RMB 115.69 billion at the end of 2021, reflecting an increase of 38.7%[112]. - Long-term borrowings rose to RMB 53.48 billion, up from RMB 36.13 billion, which is an increase of approximately 48.1%[111]. - The company's inventory increased significantly to RMB 30.67 billion from RMB 19.31 billion, marking a rise of about 58.8%[110]. Production and Sales - The production of copper reached 410,000 tons, gold production was 27 tons, and zinc production was 220,000 tons, with copper and gold production increasing by 70.47% and 22.79% year-on-year, respectively[15]. - The sales volume of gold reached 29,125 kg, generating revenue of 1,047.08 million RMB, compared to 21,241 kg and 748.07 million RMB in the previous year[30]. - The sales volume of copper reached 357,162 tons, generating revenue of 1,969.59 million RMB, compared to 237,809 tons and 1,265.76 million RMB in the previous year[30]. - The sales volume of zinc reached 200,761 tons, generating revenue of 341.42 million RMB, compared to 197,626 tons and 263.09 million RMB in the previous year[30]. Environmental and Social Responsibility - The company has enhanced its ESG capabilities, with a 67% increase in ecological restoration investment during the reporting period[17]. - The company invested RMB 577 million in environmental ecological projects, with RMB 271 million allocated for ecological restoration, representing a 67% increase compared to the previous year[71]. - The company achieved a 25.59% reduction in sulfur dioxide emissions per unit of revenue and a 4.22% reduction in nitrogen oxide emissions per unit of revenue compared to last year[70]. - The company has planted 839,000 trees and restored vegetation over an area of 7.92 million square meters during the reporting period[70]. Strategic Initiatives - The company plans to achieve an annual lithium carbonate equivalent production capacity of over 150,000 tons, positioning itself among the top 10 global lithium resource companies[16]. - The company has accelerated the construction of key projects, including the Kamoa copper mine in the Democratic Republic of Congo and lithium projects in Argentina and Tibet[15][16]. - The company is exploring market expansion opportunities and new product developments in the lithium sector[28]. - The company aims to enhance operational efficiency and expedite project completions to meet annual operational targets[56]. Risk Management - The report includes a risk statement regarding forward-looking statements, cautioning investors about potential investment risks[2]. - The company faces risks from global economic recession concerns, geopolitical instability, and tightening policy constraints under the dual carbon goals[55]. Corporate Governance - The board of directors saw a change with the resignation of an independent director and the appointment of a new vice president[58]. - The company appointed Mr. Wu Jianhui as Vice President, effective until the end of the seventh board term[59]. - No profit distribution or capital reserve transfer plan was proposed, with 0 shares for every 10 shares for stock dividends and no cash dividends[60].

Corporate Vision and Mission - The company aims to become a leading international mining group with a focus on green and high-tech development[1]. - The mission is to support economic growth in China and globally through high-quality mineral resources[1]. - The company emphasizes sustainable development, aiming to benefit more people through its operations[1]. - Zijin Mining Group aims to become a "green, high-tech, first-class international mining group" by 2030, focusing on sustainable development and low-carbon technologies[14]. - The company is committed to building a unique "Environmental, Social, and Governance (ESG)" system to align with international standards[15]. - The company is committed to sustainable development, emphasizing green practices and social benefits as part of its corporate philosophy[114]. Financial Performance - The financial summary indicates significant growth in revenue and profit, with specific figures to be detailed in the full report[2]. - Total revenue for 2021 reached RMB 225.1 billion, a 31.2% increase from RMB 171.5 billion in 2020[9]. - Net profit attributable to shareholders was RMB 15.7 billion, up 141.5% from RMB 6.5 billion in 2020[9]. - The total comprehensive income for 2021 was RMB 20.5 billion, a significant increase from RMB 9.2 billion in 2020[9]. - The company reported a significant increase in revenue, achieving a total of 15 billion RMB in 2021, representing a year-on-year growth of 20%[27]. - The company reported a significant increase in revenue, achieving a total of 19.5 billion CNY for the year, representing a year-over-year growth of 15%[30]. - The company achieved a sales revenue of RMB 225.102 billion, representing a year-on-year growth of 31.25% compared to RMB 171.501 billion in the previous year[115]. Operational Highlights - The management discussion highlights user data and market trends that support future growth strategies[2]. - Future outlook includes expansion plans and potential mergers and acquisitions to enhance market presence[2]. - New product and technology development initiatives are underway to improve operational efficiency and sustainability[2]. - The company continues to explore opportunities in various regions to diversify its mining portfolio and reduce risks[2]. - The company emphasized the successful launch of major projects, including the Kamoa-Kakula copper mine in the Democratic Republic of Congo, contributing to significant production increases[12]. - The company aims to enhance its global competitiveness through innovation and expansion in overseas markets[12]. - The company plans to produce 860,000 tons of copper in 2022, with a target of 1,000,000 to 1,100,000 tons by 2025[25]. - Significant projects include the completion of the Kamoa-Kakula copper mine in the Democratic Republic of Congo, expected to produce 200,000 tons of copper annually[21]. Resource Management and Production - The company primarily engages in the exploration, mining, smelting, and sales of gold, copper, zinc, and other metal resources, focusing on gold, copper, and zinc development[7]. - The company has a copper resource reserve of 6.277 million tons, accounting for 75.25% of China's total copper reserves[26]. - The company produced 584,000 tons of copper, a year-on-year increase of 28.83%, and 47.5 tons of gold, up 17.16%[35]. - The company has established projects in 13 overseas countries, with overseas copper and gold resource contributions exceeding domestic levels, accounting for 76% and 74% of total resources respectively[39]. - The company holds a total of 10,435,052 tons of resources, with a confirmed metal quantity of 1,084,693 tons[105]. - The company has confirmed reserves of copper are 2,032.83 million tons, gold 792.15 tons, zinc (lead) 525.05 million tons, and silver 1,630.31 tons[98]. Research and Development - Research and development expenses increased to RMB 770.7 million, a 32.3% rise compared to RMB 582.5 million in 2020[9]. - The company has established new engineering technology companies to enhance mining technology R&D and innovation capabilities[142]. - The company achieved 161 independent intellectual property research results and received 83 provincial and ministerial-level scientific and technological awards by the end of 2021[144]. - The company is actively engaged in the development of new technologies to enhance mining efficiency and resource recovery[108]. Market Expansion and Strategic Acquisitions - The company has successfully completed the acquisition of a world-class lithium project in Argentina, marking a significant step into the new energy minerals sector[14]. - The company plans to increase its investment in new energy and materials industries, particularly in solar, wind, and hydrogen energy[15]. - The company is actively pursuing market expansion, targeting new regions in Southeast Asia, which is projected to increase market share by 5%[30]. - A strategic acquisition of a smaller mining firm is in progress, which is anticipated to enhance operational capabilities and increase production capacity by 25%[31]. - The company signed an arrangement agreement to acquire all issued and outstanding common shares of Neo Lithium Corp at a price of CAD 6.5 per share, totaling approximately CAD 960 million, completed on January 25, 2022[172]. Environmental and Social Responsibility - The company emphasizes the importance of risk prevention in the face of global challenges and uncertainties in the mining sector[15]. - The company is focusing on clean energy and ecological environmental protection in mining and smelting operations[51]. - The company has paid RMB 3,622,000 in environmental protection tax and RMB 257,321,000 in resource tax during the reporting period[164]. - The company is actively promoting the establishment of an international ESG governance system to enhance environmental protection and social responsibility[197]. Financial Health and Investment - The company reported a cash and cash equivalents balance of RMB 13.6 billion, up from RMB 11.8 billion in 2020[11]. - The current ratio improved to 93.6%, compared to 83.5% in 2020[11]. - The company’s market capitalization increased by 8.2% year-on-year, reaching RMB 358.4 billion by the end of 2021, ranking 9th among global metal mining companies[43]. - The company’s total liabilities decreased by 75.78% for trading financial liabilities, primarily due to changes in hedging instruments[156]. Challenges and Future Outlook - The company is facing rising costs due to stricter environmental regulations and the need for green energy, which may impact the profitability of the non-ferrous metal industry[186]. - The company anticipates a significant increase in demand for key metals such as copper and lithium due to the transition to renewable energy, with copper demand in the decarbonization sector projected to reach 6.35 million tons by 2030, four times the 2020 levels[184]. - The company is committed to enhancing its resource production capabilities and improving strategic material reserve systems to ensure supply security amid rising geopolitical tensions[186].

Financial Performance - The company's operating revenue for Q1 2022 was RMB 64,770,745,546, representing a year-on-year increase of 36.35%[4] - Total profit for the quarter reached RMB 8,910,988,313, a significant increase of 104.81% compared to the same period last year[4] - Net profit for Q1 2022 was RMB 7,415,265,303, reflecting a year-on-year growth of 117.03%[4] - The net profit attributable to shareholders of the listed company was RMB 6,123,805,269, marking an increase of 143.88% year-on-year[4] - The basic earnings per share for the quarter was RMB 0.233, up 135.35% from the previous year[5] - The diluted earnings per share also stood at RMB 0.233, representing a 145.26% increase year-on-year[5] - Total revenue for Q1 2022 reached CNY 64,770,745,546, a significant increase of 36.3% compared to CNY 47,502,179,195 in Q1 2021[22] - Operating profit for Q1 2022 was CNY 8,982,461,625, representing an increase of 101.8% from CNY 4,455,491,340 in Q1 2021[22] - The total comprehensive income for Q1 2022 was 8,715,765,250 CNY, significantly higher than 2,836,360,813 CNY in Q1 2021, representing an increase of approximately 207.5%[23] - Basic earnings per share for Q1 2022 were 0.233 CNY, up from 0.099 CNY in Q1 2021, reflecting a growth of about 135.4%[23] Cash Flow and Assets - The net cash flow from operating activities was RMB 7,427,862,528, which is a 41.53% increase compared to the same period last year[4] - The company's cash and cash equivalents increased to approximately 23.30 billion yuan from 14.22 billion yuan year-on-year[19] - The company's inventory rose to approximately 22.67 billion yuan, compared to 19.31 billion yuan in the previous year[19] - The operating cash flow for Q1 2022 was 70,052,027,257 CNY, up from 47,862,962,006 CNY in Q1 2021, reflecting a growth of approximately 46.4%[25] - The cash and cash equivalents at the end of Q1 2022 totaled 22,544,066,885 CNY, compared to 15,258,202,968 CNY at the end of Q1 2021, indicating an increase of approximately 48.0%[26] - The ending balance of cash and cash equivalents was CNY 9,417,271,405, up from CNY 6,580,049,090 at the end of Q1 2021, reflecting a growth of 43.5%[33] Production and Operations - In Q1 2022, the company achieved a gold production increase of 17% year-on-year, copper production up by 53%, and zinc production up by 12%[13] - The mining enterprise gross margin was 61.12%, an increase of 3.87 percentage points year-on-year, while the overall gross margin was 17.32%, up 2.36 percentage points year-on-year[13] - The company plans to produce 20,000 tons of battery-grade lithium carbonate annually from its lithium project in Argentina, expected to be operational by the end of 2023[17] - The second phase of the Kamoa-Kakula copper mine is set to process 3.8 million tons of ore annually, with production expected to exceed 450,000 tons of copper, making it the fourth-largest copper mine globally[17] - The company aims to complete the technical transformation of the Kamoa-Kakula copper mine to increase its processing capacity from 7.6 million tons to 9.2 million tons per year[17] Liabilities and Equity - Total liabilities amounted to CNY 132,098,603,359, an increase of 14.1% from CNY 115,697,507,579 in the previous year[21] - The company’s total equity reached CNY 101,476,161,548, reflecting a growth of 9.2% from CNY 92,897,170,544 in the previous year[21] - Long-term borrowings increased to CNY 46,245,165,682, up 28.1% from CNY 36,126,816,893 in the previous year[21] Research and Development - Research and development expenses for Q1 2022 were CNY 176,802,866, an increase of 35.7% compared to CNY 130,207,419 in Q1 2021[22] - Research and development expenses for Q1 2022 were $72,461,841, up from $54,758,193 in Q1 2021, indicating a rise of 32.2%[30] Tax and Other Income - The company reported a tax expense of 1,495,723,010 CNY for Q1 2022, compared to 934,107,159 CNY in Q1 2021, which is an increase of about 60.3%[23] - Other comprehensive income after tax for Q1 2022 was 1,300,499,947 CNY, contrasting with -580,286,767 CNY in Q1 2021, indicating a significant turnaround[23] - The company reported investment income of $346,979,244 in Q1 2022, compared to $254,162,911 in Q1 2021, an increase of 36.5%[30]

Financial Performance - Total revenue for Q1 2022 reached RMB 64.77 billion, an increase of 36.35% year-on-year[4] - Total profit for the period was RMB 8.91 billion, reflecting a significant growth of 104.81% compared to the same period last year[4] - Net profit amounted to RMB 7.42 billion, representing a year-on-year increase of 117.03%[4] - Net profit attributable to shareholders was RMB 6.12 billion, up 143.88% year-on-year[4] - Basic earnings per share increased by 135.35% to RMB 0.233[5] - Diluted earnings per share rose by 145.26% to RMB 0.233[5] - Operating profit for Q1 2022 was ¥8.98 billion, up 102.5% from ¥4.46 billion in Q1 2021[26] - Net profit for Q1 2022 was ¥7.42 billion, representing a 117.5% increase compared to ¥3.42 billion in Q1 2021[27] - Basic earnings per share for Q1 2022 were ¥0.233, compared to ¥0.099 in Q1 2021, reflecting a 135.4% increase[27] - The total comprehensive income for Q1 2022 was ¥8.72 billion, compared to ¥2.84 billion in Q1 2021, marking a 206.5% increase[27] Production and Sales - The company attributed revenue growth to increased production and sales of major products, along with rising metal prices[8] - Gold production increased by 17% year-on-year, while copper production surged by 53% and zinc production rose by 12%[14] - The gross profit margin for mining enterprises was 61.12%, up by 3.87 percentage points year-on-year, while the overall gross profit margin improved to 17.32%, an increase of 2.36 percentage points[14] Assets and Liabilities - Total assets at the end of the reporting period were RMB 233.57 billion, an increase of 11.98% from the end of the previous year[5] - As of March 31, 2022, the company's cash and cash equivalents increased to ¥23.30 billion from ¥14.22 billion as of December 31, 2021, representing a growth of approximately 63.5%[22] - Total current assets reached ¥61.81 billion, compared to ¥47.06 billion at the end of 2021, reflecting a growth of approximately 31.4%[22] - Total liabilities increased to ¥132.10 billion from ¥115.70 billion, representing a rise of about 14.1%[24] - The company's total assets reached ¥233.57 billion, compared to ¥208.59 billion, reflecting an increase of approximately 12.0%[24] - The total equity attributable to shareholders increased to ¥78.53 billion from ¥71.03 billion, indicating a growth of approximately 10.6%[24] Cash Flow - Cash flow from operating activities was RMB 7.43 billion, up 41.53% year-on-year[4] - Cash flow from operating activities for Q1 2022 was ¥7.43 billion, an increase of 41.4% from ¥5.25 billion in Q1 2021[28] - The net cash flow from investing activities was -12,217,669,025 RMB, compared to -5,199,469,124 RMB in the previous year, indicating a significant increase in cash outflows[29] - The net cash flow from financing activities was 13,718,508,962 RMB, significantly higher than 3,351,166,428 RMB from the previous year, showing a strong financing position[29] Project Developments - The company commenced construction of its first lithium project in Argentina, aiming for an annual production of 20,000 tons of battery-grade lithium carbonate by the end of 2023[19] - The second phase of the Kamoa-Kakula copper mine is expected to process 3.8 million tons of ore annually, with production exceeding 450,000 tons of copper, making it the fourth largest copper mine globally[19] - The company is advancing multiple key projects, including the Pegg copper-gold mine and the Binduli North low-grade ore project, both expected to commence production in 2022[20] - The company is planning to expand its mining operations with the second phase of the Julong Copper Mine project and the new construction of a 6,000 tons/day intelligent mining project in Shanxi, expected to add 3-4 tons of gold annually upon completion[21] Challenges and Resilience - The company successfully navigated external challenges such as the COVID-19 pandemic and geopolitical conflicts, achieving a strong start to the year[13]

Dividend and Financial Performance - The board proposed a cash dividend distribution plan for 2021, recommending a payout of 2 RMB per 10 shares (including tax), with no stock distribution or capital reserve conversion[7]. - Total revenue reached 225.1 billion yuan in 2021, a 31% increase from 171.5 billion yuan in 2020[34]. - The net profit attributable to shareholders rose to 15.7 billion yuan in 2021, marking a 141% increase compared to 6.5 billion yuan in 2020[34]. - The company reported a total sales revenue of 1,108.04 billion yuan from the top five customers, accounting for 49.22% of total annual sales[156]. - The company's market capitalization increased by 8.2% year-on-year, reaching 358.4 billion CNY by the end of 2021, with earnings per share rising by 140% to 0.60 CNY[65]. - The company achieved a significant increase in investment income, reaching ¥1.69 billion compared to a loss of ¥0.52 billion in the previous year[142]. - The company's total assets increased to 208.6 billion yuan in 2021, a 14% rise from 182.3 billion yuan in 2020[34]. - The company’s operating cash flow reached 26.1 billion yuan in 2021, an 83% increase from 14.3 billion yuan in 2020[34]. - The company reported a net impairment loss of 1,993 million yuan, significantly lower than the previous year's 22,649 million yuan[162]. Production and Resource Development - In 2021, Zijin Mining achieved significant growth with a comprehensive increase in metal production and prices, resulting in a "super expected" performance across key metrics[19]. - The company reported a strong production growth in copper, gold, and zinc, with copper production increasing from 45,000 tons in 2020 to 58,400 tons in 2021, representing a 29% increase[34]. - The company plans to produce 86,000 tons of copper and 60 tons of gold in 2022, with further increases expected by 2025[39]. - The company produced 1,205,499 tons of copper, a year-on-year increase of 17.14%, with mined copper at 584,165 tons (up 28.83%) and refined copper at 621,334 tons (up 7.94%)[78]. - The company’s total resource reserves as of December 31, 2021, include 6,277,050 tons of copper and 2,372.90 tons of gold[115]. - The company holds 2,032.83 million tons of copper reserves, representing 75.25% of China's total copper reserves[78]. - The company has a total of 763,000 tons of lithium resources (LCE equivalent) from the 3Q lithium salt lake project in Argentina, with a lithium ion concentration grade of 400 mg/L[108]. - The company has a total of 1,000,000 tons of gold reserves with a boundary grade of 0.15 grams per ton[122]. Strategic Goals and International Expansion - The company aims to become a leading global mining company with a focus on green and high-tech development, contributing to both domestic and international economies[14]. - Zijin Mining aims to enhance its global competitiveness by focusing on green, low-carbon, and high-tech development, with a strategic goal of becoming a "first-class international mining group" by 2030[21]. - The company is actively seeking strategic acquisitions of quality mid-to-large mining assets globally to bolster its resource reserves[22]. - The company has expanded its international presence, operating in 13 overseas countries with 21,695 employees, contributing 51% of its profits from overseas operations, with copper and gold resource contributions at 76% and 74% respectively[60]. - The company successfully completed the acquisition and construction of the world-class 3Q lithium project in Argentina, marking a key step into the new energy minerals sector[21]. Environmental and Sustainability Initiatives - The company plans to increase investments in clean energy sources such as photovoltaic, wind, and hydrogen energy, contributing to global carbon neutrality goals[22]. - The company’s clean energy projects have generated 13,655 million kWh of electricity, equivalent to planting 63,442 trees[109]. - The company has established a comprehensive digital and intelligent mining system, achieving 90% automation in the mineral processing system at Tibet Julong Copper Industry[173]. - The company emphasizes risk prevention and is optimistic about future demand for mineral products, driven by monetary expansion and supply concerns[22]. - The company has implemented measures to mitigate the impact of rising raw material costs, including increasing production and cost control[192]. Research and Development - The company’s research and development expenses rose by 32.30% to ¥770.66 million, compared to ¥582.51 million in 2020[142]. - The number of R&D personnel was 4,474, representing 10.25% of the total workforce, with 42 holding doctoral degrees and 420 holding master's degrees[167]. - The company established several new engineering and technology companies to enhance mining technology R&D and accelerate the development of new energy materials[169]. Market and Pricing Trends - The company reported a 24% increase in copper prices and a 27% increase in zinc prices during the reporting period, while gold prices saw a slight decline of 3%[68]. - The international copper price reached a historic high of $4.89 per pound, with refined copper demand increasing by 4.1% year-on-year[71]. - The average price of copper concentrate (excluding Kamoa) increased by 42.90%, while the average price of electrolytic copper rose by 44.19%[136]. Governance and Financial Management - The company has a well-structured governance system, enhancing decision-making efficiency and operational mechanisms[128]. - The company achieved a cash interest coverage ratio of 13.14, up from 8.25, indicating improved debt servicing capability[177]. - The company has a total bank credit line exceeding RMB 190 billion, indicating strong creditworthiness and ample financing channels[178].

Financial Performance - Revenue for Q3 2021 reached ¥59.11 billion, an increase of 25.00% year-over-year[4] - Total profit for Q3 2021 was ¥6.97 billion, reflecting a significant increase of 111.15% compared to the same period last year[4] - Net profit for Q3 2021 amounted to ¥5.62 billion, up by 107.78% year-over-year[4] - The net profit attributable to shareholders was ¥4.65 billion, representing a 116.34% increase compared to the same quarter last year[4] - Basic earnings per share for Q3 2021 were ¥0.178, a rise of 109.41% year-over-year[5] - The company reported a total profit of ¥18.44 billion for Q3 2021, compared to ¥7.40 billion in Q3 2020, marking a 149.4% increase[23] - The company’s total comprehensive income for Q3 2021 was ¥14.75 billion, compared to ¥5.37 billion in Q3 2020, reflecting a 174.5% increase[24] - The company’s financial performance indicates strong growth and improved profitability metrics compared to the previous year[22][23][24] Assets and Liabilities - Total assets at the end of Q3 2021 were ¥203.98 billion, an increase of 11.88% from the end of the previous year[5] - As of September 30, 2021, the company's total current assets reached RMB 48.1 billion, an increase of 22.5% from RMB 39.3 billion on December 31, 2020[17] - The company's total liabilities as of September 30, 2021, were RMB 111.74 billion, an increase from RMB 107.72 billion at the end of 2020, reflecting a growth of 3.0%[20] - The company's total non-current assets reached RMB 155.87 billion, up from RMB 143.05 billion, indicating a growth of 9.0%[19] Cash Flow - Cash flow from operating activities for the year-to-date was ¥17.81 billion, up by 79.86% year-over-year[5] - The net cash flow from operating activities was CNY 17,814,544,258, an increase from CNY 9,904,944,976 in the previous year, representing an increase of approximately 79%[26] - The total cash outflow from investing activities was CNY 23,690,287,585, compared to CNY 25,012,793,644 in the previous year, indicating a decrease of about 5%[26] - The net cash flow from financing activities was CNY 4,450,325,358, down from CNY 14,962,953,112 in the previous year, reflecting a decrease of approximately 70%[26] - The total cash and cash equivalents at the end of the period amounted to CNY 12,874,274,676, up from CNY 7,055,434,325 in the previous year, marking an increase of about 83%[27] Production and Operations - The company achieved operating revenue of RMB 168.976 billion in Q3 2021, representing a year-on-year growth of 29.55% compared to RMB 130.434 billion in the same period last year[11] - The total gold production reached 34,457 kg in 2021, up from 29,463 kg in 2020, with a sales volume of 32,586 kg[12] - The copper production amounted to 408,113 tons in 2021, an increase from 345,338 tons in 2020, with a sales volume of 390,039 tons[12] - The overall gross profit margin for the mining sector improved to 59.23% in 2021, up from 47.27% in the previous year, marking an increase of 11.96 percentage points[13] - The company has raised its production guidance for copper concentrate to between 85,000 tons and 95,000 tons for 2021[14] - The first phase of the Kamoa-Kakula copper mine in the Democratic Republic of Congo has reached a daily production capacity of 12,600 tons of ore, exceeding the designed capacity by 10.5%[14] - The Timok copper-gold mine in Serbia commenced trial production in June 2021, with an expected output of 50,000 tons of copper concentrate and 3 kg of gold in 2021[14] - The construction of the 40,000 tons/day processing plant at the Zijin Copper Company is progressing well, with completion expected in Q1 2022[14] - The construction of the first phase of the Tibet Julong copper polymetallic mine is nearing completion, with production expected to commence by the end of 2021[14] Investments and Future Plans - The company plans to invest RMB 4.94 billion to acquire 100% equity of Canadian Lithium Company, which has a lithium resource of 7.565 million tons, including 1.845 million tons of high-grade lithium[15] - The company has a planned annual production capacity of 20,000 tons of battery-grade lithium carbonate, with potential expansion to 40,000-60,000 tons[15] - The feasibility study for the lithium project is expected to be completed in Q4 2021, with construction to begin after obtaining environmental approval[15] Shareholder Information - The company reported a total of 804,249 common shareholders at the end of the reporting period[8] - The top shareholder, Minxi Xinghang State-owned Assets Investment Management Co., Ltd., holds 23.11% of the shares[8]

Financial Performance - The company achieved a revenue of RMB 109.863 billion, representing a year-on-year increase of 32.14% compared to RMB 83.142 billion in the same period last year[18]. - Total profit reached RMB 11.470 billion, a significant increase of 180.12% from RMB 4.095 billion in the previous year, with net profit attributable to shareholders at RMB 6.649 billion, up 174.60% from RMB 2.421 billion[18]. - The company achieved significant progress in sustainable development, with a focus on environmental protection and the issuance of the first "carbon-neutral" bond in the Chinese precious metals industry[32]. - The company reported a net profit of RMB 10,545 million from the Paddington gold mine, with a 100% holding interest[60]. - The company reported a total profit of RMB 11.47 billion for the first half of 2021, compared to RMB 4.09 billion in the same period of 2020, reflecting a growth of approximately 180.5%[166]. Production and Operations - Gold production amounted to 22.02 tons, an increase of 8.78% year-on-year, while total gold production for the group was 149.933 tons, a decrease of 7.58%[19]. - Copper production reached 240,626 tons, reflecting a year-on-year growth of 4.30%, with total copper production for the group at 555,872 tons, up 6.52%[21]. - Zinc production increased by 23.46% year-on-year to 196,400 tons, supported by a significant rise in zinc prices, which averaged USD 2,850 per ton, up 44.30% from USD 1,975 per ton in the previous year[15]. - The company is focused on expanding its mining operations in 12 countries and 14 provinces in China, aiming to enhance its operational capabilities in gold, copper, zinc, and other strategic minerals[10]. - The company is actively pursuing mergers and acquisitions in the copper sector, with increased exploration investments and a robust market for copper resources[15]. Strategic Focus and Development - The company has identified new energy and new materials as key development directions, aligning with its strategic and sustainable development goals[8]. - The company is focused on expanding its market presence and enhancing its product offerings in response to the growing demand for clean energy and new materials[63]. - The company is committed to developing new technologies and products to meet the evolving market demands and regulatory requirements[63]. - The company is enhancing its global operational management system to improve efficiency and value creation, aiming for a more streamlined and effective operational framework[68]. - The company is committed to sustainable development by integrating ESG standards into its operations and enhancing its competitive capabilities in the global mining sector[70]. Financial Position and Assets - The company’s total assets increased by 8.97% to RMB 198.662 billion, with net assets attributable to shareholders rising by 18.30% to RMB 66.887 billion[18]. - The company’s capital debt ratio improved to 1.2468 from 1.5192 year-on-year, indicating a stronger equity position[50]. - The total liabilities reached RMB 110,242,902,186, up from RMB 90,339,334,762 in the previous year, indicating growth in financial obligations[50]. - The company’s total operating revenue reached RMB 109.86 billion, a year-on-year increase of 32.14%[43]. - The company’s gross profit margin and cost structure are primarily influenced by mining, smelting, and processing costs, which include mining, ore selection, and transportation[38]. Environmental and Social Responsibility - The company invested RMB 670 million in environmental ecological projects during the reporting period, with RMB 162 million specifically for ecological restoration, representing an increase of 85.6% and 200% year-on-year respectively[109]. - The company has implemented a photovoltaic power generation project, generating 1.45 million kWh of electricity by the end of June, equivalent to a CO2 reduction of 1,419.55 tons and replacing 580 tons of standard coal[110]. - The company has established a social responsibility department to oversee poverty alleviation and rural revitalization initiatives[111]. - The company invested approximately RMB 76 million in poverty alleviation and rural revitalization efforts during the reporting period[112]. - The company is actively participating in international biodiversity initiatives, including joining the UN's biodiversity convention and implementing biodiversity monitoring and ecological restoration measures[109]. Shareholder and Governance - The company has enhanced its corporate governance structure, complying with various legal and regulatory requirements, leading to improved operational standards[151]. - The company has appointed six independent non-executive directors, with at least one possessing relevant financial expertise[159]. - The company has enhanced the independence of its audit and internal control committee and linked executive compensation to ESG performance[152]. - The company has established a global operational management system focusing on ESG sustainability and responsible supply chain resilience[153]. - The company distributed a cash dividend of RMB 1.20 per 10 shares, totaling RMB 3,159,312,268.8, fully implemented by July 9, 2021[155].

Financial Performance - The company's operating revenue for the first half of 2021 reached CNY 109.86 billion, representing a 32.14% increase compared to CNY 83.14 billion in the same period last year[14]. - Total profit for the first half of 2021 was CNY 11.47 billion, a significant increase of 180.12% from CNY 4.09 billion in the previous year[14]. - Net profit for the first half of 2021 amounted to CNY 8.91 billion, up 188.27% from CNY 3.09 billion year-on-year[14]. - The net profit attributable to shareholders of the listed company was CNY 6.65 billion, reflecting a 174.60% increase from CNY 2.42 billion in the same period last year[14]. - Basic earnings per share increased by 175.79% to RMB 0.262 compared to the same period last year[15]. - The company reported a comprehensive gross profit margin of 14.48%, an increase of 3.5 percentage points year-on-year, primarily due to increased margins from copper and zinc mining[44]. - The company achieved operating revenue of 109.863 billion yuan, a year-on-year increase of 32.14% compared to 83.142 billion yuan in the same period last year[41]. - The company reported a total comprehensive income of RMB 10.39 billion for the first half of 2021, significantly higher than RMB 2.43 billion in the same period of 2020[148]. Assets and Liabilities - The net assets attributable to shareholders of the listed company at the end of the reporting period were CNY 66.89 billion, an 18.30% increase from CNY 56.54 billion at the end of the previous year[14]. - The total assets of the company at the end of the reporting period were CNY 198.66 billion, representing an 8.97% increase from CNY 182.31 billion at the end of the previous year[14]. - The total liabilities stood at RMB 110.24 billion, slightly up from RMB 107.72 billion, marking an increase of about 2.0%[144]. - The company's long-term borrowings increased to RMB 31.59 billion from RMB 29.08 billion, representing a rise of about 8.6%[144]. - The company's total equity attributable to shareholders at the end of June 2021 was RMB 50,309,683,638, compared to RMB 51,185,965,026 at the beginning of the year, reflecting a decrease of approximately 1.7%[150]. Production and Operations - Gold production amounted to 22.02 tons, an increase of 8.78% year-on-year[25]. - Copper production reached 240,600 tons, reflecting a year-on-year growth of 4.30%[25]. - Zinc production increased by 23.46% to 196,400 tons during the reporting period[25]. - The group produced 555,872 tons of copper, a year-on-year increase of 6.52% compared to 521,848 tons in the same period last year[29]. - The overseas projects contributed 53.97% of the total gold production, 42.68% of copper, and 51.90% of zinc during the reporting period[37]. - The company has made significant progress in major project construction, including the commissioning of the world-class Kamoa-Kakula copper mine in the Democratic Republic of Congo[37]. Environmental and Social Responsibility - The company invested CNY 670 million in environmental ecological projects during the reporting period, with CNY 162 million specifically for ecological restoration, representing an increase of 85.6% and 200% year-on-year respectively[78]. - The company has implemented clean energy alternatives, generating 1.45 million kWh of solar power by the end of June, equivalent to a reduction of 419.55 tons of CO2 emissions and replacing 580 tons of standard coal[79]. - The company has initiated a project to train 86 local graduates in collaboration with the local government, aiming to address employment issues in the region[70]. - The company invested approximately 76 million yuan in poverty alleviation and rural revitalization efforts during the reporting period[80]. - Xinjiang Zijin Zinc Industry was recognized as a "National Advanced Collective in Poverty Alleviation," directly providing 168 jobs, accounting for about 40% of the total workforce[80]. Financial Management and Investments - The total borrowings of the group as of June 30, 2021, were ¥72.89 billion, with approximately ¥30.08 billion due within one year[47]. - The company's investment income surged by 2,054.73%, reaching ¥586.94 million compared to ¥27.24 million in the previous year[46]. - The company has committed USD 1.07 billion to the Colombia Continental Gold project, which is expected to increase annual gold production from 7.8 tons to 9.1 tons after the technical upgrade[54]. - The company has pledged shares of Zijin (Americas) Gold Mining for a total loan of USD 568 million (approximately RMB 3.706 billion) as of June 30, 2021[52]. - The company has extended shareholder loans totaling 74.43 million USD to a related company, with specific repayment deadlines set for 2023[85]. Compliance and Governance - The company has not faced any significant risks that would affect the authenticity, accuracy, and completeness of the disclosed interim report[5]. - The company has maintained compliance with all commitments made by its controlling shareholders and has not engaged in any non-operational fund occupation[82]. - The company has not faced any major litigation or arbitration matters during the reporting period[83]. - The company is implementing a global operational management system characterized by efficiency and compliance, enhancing its ESG governance framework[64]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period is 821,018[101]. - The company has 95,980,600 restricted shares under the incentive plan, which were issued on January 28, 2021[100]. - The top ten shareholders include State Street Bank & Trust Company and BlackRock, Inc., holding 1.44% and 1.37% of the total shares, respectively[105]. - The company has implemented an equity incentive plan, resulting in significant share increases for several directors and executives during the reporting period[107]. Risk Factors - The company faces potential risks from geopolitical tensions and fluctuations in metal prices due to the ongoing global economic uncertainties[58]. - The company is focused on expanding its mining projects in Colombia and Guyana to contribute to new production increments[61].