紫金礦業集團股份有限公司（「本公司」）董事會（「董事會」）成員載列如下： 執行董事： 陳景河（董事長） 鄒來昌（副董事長、總裁） 林泓富 林紅英 謝雄輝 吳健輝 公告 董事名單與其角色和職能 1 | | 審計與內控委員會 | 提名與薪酬委員會 | 戰略與可持續發展 （ESG）委員會 | 執行與投資委員會 | | --- | --- | --- | --- | --- | | 陳景河 | | M | C | C | | 鄒來昌 | | | D | D | | 林泓富 | | | M | M | | 林紅英 | | | | M | | 謝雄輝 | | | M | M | | 吳健輝 | | | M | M | | 李建 | | M | M | | | 何福龍 | M | C | M | | | 李常青 | C | | | | | 孫文德 | M | M | | | | 薄少川 | M | M | M | | | 吳小敏 | D | M | | | 非執行董事： 李建 獨立非執行董事： 何福龍（獨立董事召集人） 李常青 孫文德 薄少川 吳小敏 董事會設立 4 個委員會。下表提供各董事會成員在這些委員會中所擔任的職位 ...

证券代码：601899 证券简称：紫金矿业 编号：临 2025-028 按照《公司法》《公司章程》的有关规定，董事会同意聘任执行董事、副总裁 吴健辉先生兼任公司总工程师，任期至第八届董事会任职期限届满。 表决结果：同意 12 票，反对 0 票，弃权 0 票。 董事吴健辉先生属于关联董事，已就本议案回避表决。 本议案提交董事会审议前，已经董事会提名与薪酬委员会审议通过。 特此公告。 紫金矿业集团股份有限公司 第八届董事会临时会议决议公告 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。 紫金矿业集团股份有限公司（以下简称"公司"）第八届董事会 2025 年第 5 次 临时会议于 2025 年 3 月 31 日以通讯方式召开，会议应收董事反馈意见 13 份，实 收 13 份。本次会议的召集和召开程序符合《公司法》和《公司章程》的有关规定， 表决结果合法有效，决议如下： 审议通过《关于聘任公司总工程师的议案》 附件：吴健辉先生简历 吴健辉先生，1974 年 11 月生，毕业于南方冶金学院选矿工程专业，中国地 质大学地质工程硕士，对外经 ...

Summary of Zijin Mining Group Conference Call Company Overview - **Company**: Zijin Mining Group - **Industry**: Mining - **Market Cap**: US$62.669 billion - **Stock Rating**: Overweight - **Price Target**: HK$22.90, representing a 33% upside from the current price of HK$17.28 as of March 21, 2025 Key Points Geopolitical and Operational Risks - Investors expressed concerns regarding geopolitical and operational risks in the Democratic Republic of Congo (DRC) - Management clarified that Zijin's operations are located in southern Congo, approximately 2000 km away from conflict zones - Capital controls in DRC require mining companies to repatriate 60% of export earnings back to the country - The primary bottleneck in DRC operations is electricity supply, with Zijin investing in hydro and solar power plants to address this issue [1][2][3] Lithium Volume Guidance - Zijin has lowered its 2025 lithium production target to 40,000 tons from a previous estimate of 120,000 tons due to depressed pricing - The recent acquisition in Zangge allows Zijin to further explore lithium resources in Tibet while Zangge focuses on other minerals like potassium [2][3] Copper Production Target - Despite lowering lithium guidance, Zijin remains confident in achieving its 2025 copper target of 1.15 million tons - This target is higher than Ivanhoe's guidance of 520-550 thousand tons at Kamoa [5][8] Haiyu Project Commencement - The commencement of the Haiyu project, in partnership with Zhaojin, is anticipated - Zijin expects minimal contributions this year, with significant revenue streams projected to start in 2026-2027 [3][5] Long-term Outlook - Management remains optimistic about long-term lithium demand and plans to equip itself with a production capacity of 250,000 to 300,000 tons by 2028 [8] Financial Metrics - Revenue projections for the fiscal years ending December 2023, 2024, and 2025 are Rmb 288.553 billion, Rmb 347.678 billion, and Rmb 397.524 billion respectively - EBITDA is projected to grow from Rmb 40.958 billion in 2023 to Rmb 66.114 billion in 2025 [6][8] Risks - Upside risks include stronger copper prices driven by robust demand or supply disruptions in key copper-producing countries - Downside risks involve weaker copper prices due to economic downturns, project execution failures, and geopolitical risks affecting production [11] Additional Notes - The report includes important disclosures regarding potential sanctions and compliance with investment regulations [4][12] - Analysts involved in the report include Sara Chan, Chris Jiang, Hannah Yang, and Rachel L Zhang [5][16] This summary encapsulates the critical insights from the conference call, highlighting the company's strategic direction, operational challenges, and financial outlook.

Summary of Zijin Mining Group - A Conference Call Company Overview - **Company**: Zijin Mining Group - **Industry**: Mining - **Primary Operations**: Exploration, mining, smelting, and distribution of gold, copper, zinc, and other metal minerals - **Shareholder**: MinxiXinghang State-Owned Investment & Operation holds a 23.11% stake as of 2022 - **Stock Listings**: Dual-listed in Hong Kong and Shanghai [14][15] Financial Results - **2024 Net Profit**: Rmb32,051 million, consistent with preliminary results of Rmb32 billion announced earlier [2] - **Dividend Payout**: Year-end dividend of Rmb0.28 per share, with a full-year payout ratio of 32% and a yield of 2% [2] - **Effective Tax Rate**: Increased to 24% in Q424 from less than 20% in the previous three years [3] - **Financial Costs**: Decreased significantly by approximately Rmb1.2 billion in 2024 [3] Production and Guidance - **Copper Output Guidance**: 2025 guidance set at 110,000 tons, down from previous levels of approximately 128,000 tons due to issues at Kowelzi and Hunchun mines [3][4] - **Production Strategy**: Overproduction from Timok and accelerated ramp-up of new mines to offset decreases in other areas [3] Market Reaction and Valuation - **Investor Reaction**: Expected to be benign as results and dividend payouts align with market expectations [5] - **Earnings Forecast**: 2025 earnings forecast increased by 10% to Rmb41 billion [5] - **Price Target**: Increased by 10% to Rmb24.00, maintaining a target multiple of 10x EV/EBITDA [5] - **Current Trading Metrics**: Trading at 8.4x 12-month forward EV/EBITDA, below the past twelve-year average of 9.8x [5] Key Financial Metrics - **Market Capitalization**: Rmb467 billion (approximately US$64.4 billion) [6] - **Revenue Growth**: Projected revenues for 2025 at Rmb346,273 million, reflecting a 14% increase from 2024 [11] - **Earnings Per Share (EPS)**: Expected to rise from Rmb1.22 in 2024 to Rmb1.53 in 2025, an increase of 25.3% [11][12] Risks and Challenges - **Industry Risks**: Commodity price volatility, regulatory changes, and production disruptions [15] - **Company-Specific Risks**: Overseas political risks, commodity price fluctuations, and foreign exchange risks [16] Conclusion Zijin Mining Group's financial results for 2024 align with expectations, with a stable outlook for 2025 despite production challenges. The company maintains a solid dividend policy and has adjusted its earnings forecasts positively, reflecting confidence in its operational strategies and market conditions.

紫金矿业最新一期业绩显示，截至2024年报，公司营业总收入3036.40亿元、同比增长3.49%，归属净利 润320.51亿元，同比增长51.76%，扣非净利润316.93亿元，同比增长46.61%，流动比率0.992、速动比率 0.658、资产负债率55.19%。 天眼查商业履历信息显示，紫金矿业集团股份有限公司，成立于2000年，位于龙岩市，是一家以从事有 色金属矿采选业为主的企业。企业注册资本263281.7224万人民币，实缴资本263265.7124万人民币。公 司法定代表人为邹来昌。 通过天眼查大数据分析，紫金矿业集团股份有限公司共对外投资了73家企业，参与招投标项目725次， 知识产权方面有商标信息491条，专利信息727条，此外企业还拥有行政许可313个。 来源：金融界 紫金矿业（601899）3月24日主力资金净流入2.34亿 元 金融界消息 截至2025年3月24日收盘，紫金矿业（601899）报收于18.05元，上涨2.73%，换手率 1.31%，成交量269.63万手，成交金额48.69亿元。 资金流向方面，今日主力资金净流入2.34亿元，占比成交额4.8%。其中，超大单净流入1.38 ...

Financial Data and Key Metrics Changes - The company's revenue increased by 3.5% to RMB 303.6 billion, with profits rising by 53.7% to RMB 48.1 billion and net attributable profit up by 51.8% to RMB 32.1 billion [10] - Operating net cash flow rose by 32.6% to RMB 48.9 billion, while total assets increased by 15.6% year on year [11] - The share of net debt to EBITDA decreased by 28.6%, and the debt ratio dropped by 4.47% [11] - Earnings per share (EPS) increased by 51.3% year on year, and cash dividend payout rose by 53.5% [11] Business Line Data and Key Metrics Changes - Copper production reached 1,070,000 tonnes, contributing 45% to revenue, while gold output was 73 tonnes, contributing 30% [10][14] - Zinc production was 410,000 tonnes, with a gross profit margin of 41%, despite a 3.5% drop in output due to lower feed grades [15] - The gross profit margin for gold concentrate was nearly 68%, reflecting a significant increase over the previous year [15] Market Data and Key Metrics Changes - The company is ranked number four globally in copper output and number six in gold output, with significant growth in both resources and reserves [13][14] - The company faced rising costs in overseas operations but managed to reduce copper concentrate costs by 4.3% [13][14] Company Strategy and Development Direction - The company aims to enhance its international operations management and consolidate global competitiveness while focusing on ESG initiatives [7][8] - Plans include accelerating the construction of copper, gold, and lithium projects to strengthen output growth foundations [7][8] - The strategic focus for 2025 includes achieving production targets of 1,150,000 tonnes of copper and 85 tonnes of gold [32][56] Management's Comments on Operating Environment and Future Outlook - Management acknowledged complex challenges in the operating environment but emphasized the importance of cost control and profitability [4][9] - The company is optimistic about future growth, driven by strategic acquisitions and resource expansion [49][56] - Management highlighted the need for continuous improvement in ESG practices to support sustainable growth [34][36] Other Important Information - The company reported a significant increase in social contributions, reaching RMB 7.5 billion, and dividend payments of RMB 9.7 billion [6][7] - The company is committed to responsible mining practices and aims to produce cleaner, more sustainable copper [12] Q&A Session All Questions and Answers Question: How does the company participate in decision-making and supervision activities? - The independent director outlined participation through board meetings, site visits, and daily communications, emphasizing the importance of internal control and risk management [62][63] Question: What are the prospects for costs and expenses in 2025? - The CFO discussed the challenges of rising costs but expressed confidence in maintaining cost competitiveness through optimization and technological innovation [72][76] Question: What is the company's investment and acquisition strategy? - The chairman explained that the company will continue to pursue M&A opportunities while being prudent in selecting projects based on cost-effectiveness and resource potential [89][92] Question: What are the prospects for the lithium sector given the current market downturn? - Management confirmed that the adjustment in production guidance does not indicate a withdrawal from the sector, emphasizing ongoing commitment to improving technology and cost management [106][108] Question: What are the main achievements in resource expansion and future plans? - The company highlighted successful resource expansion efforts and outlined priorities for future growth, focusing on producing projects that can deliver profits [113]

Financial Performance - For the year ended December 31, 2024, the group achieved operating revenue of RMB 303.64 billion, a year-on-year increase of 3.49% compared to RMB 293.40 billion in the previous year[1]. - The total profit for the year ended December 31, 2024, was RMB 48.08 billion, reflecting a significant year-on-year growth of 53.66% from RMB 31.29 billion[1]. - The net profit attributable to shareholders of the listed company for the year was RMB 32.05 billion, representing a 51.76% increase from RMB 21.12 billion in the previous year[1]. - The total comprehensive income for 2024 reached RMB 42.86 billion, a significant increase of 39.2% compared to RMB 30.79 billion in 2023[16]. - Basic earnings per share increased to RMB 1.21, representing a 51.25% rise from RMB 0.80 in 2023[16]. - The net profit attributable to ordinary shareholders for 2024 was RMB 32,050,602,437, up from RMB 21,119,419,571 in 2023, marking a year-over-year increase of 51.25%[54]. - The company reported a significant increase in resource tax, which rose to RMB 4,200,332,901 in 2024 from RMB 3,474,054,894 in 2023, reflecting a growth of 20.9%[38]. - The company achieved a net profit of RMB 32.1 billion, a year-on-year increase of approximately 52%[92]. Assets and Liabilities - As of December 31, 2024, total assets amounted to RMB 396.61 billion, an increase of 15.63% from RMB 343.01 billion at the beginning of the year[1]. - The total liabilities as of December 31, 2024, were RMB 218.88 billion, compared to RMB 204.64 billion at the end of the previous year[7]. - The net assets attributable to shareholders of the listed company grew to RMB 139.79 billion, up 30.03% from RMB 107.51 billion at the beginning of the year[1]. - The total accounts receivable decreased to RMB 6,811,753,955 in 2024 from RMB 7,777,908,320 in 2023, representing a decline of 12.4%[73]. - The total accounts payable increased to RMB 18,422,703,112 in 2024 from RMB 14,428,441,602 in 2023, reflecting a growth of 27.6%[81]. Dividends and Shareholder Returns - The board proposed a cash dividend of RMB 2.8 per 10 shares for the year 2024, subject to shareholder approval[1]. - The company declared a cash dividend of RMB 0.20 per share in 2024, consistent with 2023, totaling RMB 5,265,197,788 based on 26,325,988,940 shares[81]. Research and Development - The group's research and development expenses for the year were RMB 1.58 billion, slightly up from RMB 1.57 billion in the previous year, indicating continued investment in innovation[12]. - The company is focusing on technological innovation, including the integration of AI technologies to improve production and operational management[95]. Market and Sales Performance - The company achieved a total revenue of RMB 303.64 billion in 2024, an increase from RMB 293.40 billion in 2023, representing a growth of approximately 3.8%[35]. - The company's main business revenue for 2024 was RMB 301.61 billion, up from RMB 291.74 billion in 2023, representing an increase of about 3.1%[35]. - In 2024, the company's operating revenue from customers in mainland China accounted for 72% of total revenue, down from 79% in 2023[71]. Taxation and Financial Expenses - The current income tax expense for 2024 was RMB 8.32 billion, compared to RMB 5.67 billion in 2023, marking an increase of around 46.8%[31]. - Total tax expenses for 2024 amounted to RMB 5,818,762,976, an increase of 19.9% from RMB 4,850,142,201 in 2023[38]. - Financial expenses saw a substantial decrease of 37.91%, dropping to RMB 2.03 billion from RMB 3.27 billion[197]. Production and Resource Management - The company reported a copper production of 2,601,529 tons with a marginal grade of Cu 0.3% for the Juno copper mine, achieving a 53.59% increase year-over-year[111]. - The company produced 1,068,455 tons of copper from its mines, representing a year-on-year increase of 6.07% compared to 1,007,290 tons in the previous year[117]. - The company’s gold production reached 72,938 kg (2,345,003 ounces), a year-on-year increase of 7.70% compared to 67,726 kg in the previous year[128]. - The company’s total resource reserves include 11.037 million tons of copper and 3,973 tons of gold[169]. Strategic Initiatives and Future Outlook - The company aims to complete its "green high-tech first-class international mining group" strategic goal by 2028, with a target to rank among the top three in global metal mining production[94]. - The company is actively pursuing market expansion and new product development strategies to enhance its competitive position in the industry[16]. - The company plans to maintain a robust pipeline of new projects to support future growth and market expansion[112]. - The company is committed to improving its safety management system, although there was still one employee fatality during the reporting period[173]. Environmental and Social Responsibility - The company has established 12 national-level green mines and 9 national-level green factories, enhancing its green and low-carbon international image[171]. - The carbon intensity of industrial added value decreased by 34.9% compared to the 2020 baseline, achieving the 2025 target ahead of schedule[171]. - The company is actively responding to global challenges in sustainable development and climate change by implementing effective measures for carbon reduction and ecological restoration[193].

经中国证券监督管理委员会《关于核准紫金矿业集团股份有限公司公开发行可转换公司 债券的批复》（证监许可[2020]2613 号）核准，公司向社会公开发行面值总额人民币 60 亿元 可转换公司债券，期限 5 年。本次公开发行可转换公司债券募集资金总额为人民币 6,000,000,000.00 元，扣除承销及保荐费用人民币 27,000,000.00 元，实际收到可转换公司债券 认购资金人民币 5,973,000,000.00 元，扣除律师费、会计师费用、登记费、资信评估费、信息 披露费用等其他发行费用合计人民币 4,486,970.48 元，加上承销保荐费、律师费、会计师费 用、登记费、资信评估费、信息披露费用等其他发行费用可抵扣增值税进项税额合计人民币 1,772,037.73 元，实际募集资金净额为人民币 5,970,285,067.25 元。安永华明会计师事务所（特 殊普通合伙）已对公司该次发行的资金到位情况进行了审验，并于 2020 年 11 月 9 日出具了 安永华明（2020）验字第 60468092_H01 号《紫金矿业集团股份有限公司公开发行可转换债券 募集资金验证报告》。 兴业证券股份有限公司 ...

紫金矿业集团股份有限公司 已审财务报表 2024年度 紫金矿业集团股份有限公司 目 录 | | 页 次 | | --- | --- | | 审计报告 | 1 - 5 | | 已审财务报表 | | | 合并资产负债表 | 6 - 8 | | 合并利润表 | 9 - 10 | | 合并股东权益变动表 | 11 - 12 | | 合并现金流量表 | 13 - 14 | | 公司资产负债表 | 15 - 16 | | 公司利润表 | 17 | | 公司股东权益变动表 | 18 - 19 | | 公司现金流量表 | 20 - 21 | | 财务报表附注 | 22 - 262 | | 补充资料 | | | 1. 非经常性损益明细表 | 1 | | 2. 净资产收益率和每股收益 | 2 | | 注：财务报表附注中标记为*号的部分为遵循香港《公司条例》和香港联合交易所《上市规则》所作的 | | 新增或更为详细的披露。 审计报告 安永华明（2025）审字第70007899_H01号 紫金矿业集团股份有限公司 紫金矿业集团股份有限公司全体股东： 一、 审计意见 我们审计了紫金矿业集团股份有限公司（以下简称"紫金矿业"）的财务报表 ...

紫金矿业集团股份有限公司 第一章 总 则 第一条 概述 为加强紫金矿业集团股份有限公司（以下简称"公司"）市值管理 工作，维护公司、投资者及其他利益相关者的合法权益，根据《中华人 民共和国公司法》《中华人民共和国证券法》《上市公司监管指引第 10 号--市值管理》等法律法规及《公司章程》有关规定，结合公司实际情 况，制定本制度。 第二条 定义 市值管理是指公司以提高公司质量为基础，为提升投资价值和股 东回报能力而实施的战略管理行为。 第二章 市值管理的目的和基本原则 第三条 目的 公司开展市值管理的目的在于实现公司内在价值与投资价值的长 期动态均衡，推动公司整体利益与股东财富回报可持续共同发展。 市值管理制度 第四条 基本原则 （一）聚焦内在价值提升：通过制定正确战略规划、坚持矿业开发 主业，面向全球配置资源，发挥旗下世界级项目资源及产能优势，培育 紫金新质生产力发展动能，打造高度适配的全球化运营管理体系，全 1 / 9 面提高 ESG 和可持续发展水平等方式，持续夯实全球矿业竞争力，不 断提升公司内在价值。 （二）推动投资价值匹配:通过提升信息披露质量和透明度，讲好 "紫金故事"，给予资本市场长期稳定的预期 ...