Financial Performance - The company achieved revenue of approximately RMB 3,486,564,000 for the six months ended June 30, 2021, representing an increase of about 11.32% compared to RMB 3,131,980,000 in the same period last year [11]. - Net profit for the period was approximately RMB 95,443,000, a decrease of about 79.08% from RMB 456,168,000 in the same period last year [12]. - The profit attributable to equity holders of the parent company was approximately RMB 18,163,000, down about 95.60% from RMB 412,392,000 in the same period last year [13]. - Basic and diluted earnings per share were approximately RMB 0.006, a decrease of about 95.38% compared to RMB 0.13 in the same period last year [14]. - Gross profit for the period was approximately RMB 1,179,467,000, down about 13.06% from RMB 1,356,700,000 in the same period last year, with a gross margin decrease from approximately 43.32% to 33.83% [24]. - Other income and gains were approximately RMB 264,220,000, a decrease of about 28.68% from RMB 370,459,000 in the same period last year, mainly due to reduced fair value gains [25]. Production and Operations - Total gold production was approximately 13,549.79 kg (about 435,635.55 ounces), a decrease of about 11.03% year-on-year, with mined gold down by 32.67% [12]. - The total copper production was approximately 3,720 tons, a decrease of about 21.88% compared to the previous year [12]. - The company completed geological exploration investments of RMB 33,564,000 in the first half of the year, resulting in an additional gold metal amount of 18.26 tons and copper metal amount of 502.65 tons [16]. - The company faced significant pressure but managed to maintain operations and development amidst challenges, focusing on pandemic prevention and safety management [15]. Costs and Expenses - The comprehensive gold production cost was approximately RMB 242.98 per gram, an increase of about 45.16% from RMB 167.39 per gram in the same period last year [22]. - Sales costs for the period were approximately RMB 2,307,097,000, an increase of about 29.96% from RMB 1,775,280,000 in the same period last year, attributed to a higher proportion of purchased gold concentrate [23]. Assets and Liabilities - The total assets of the group as of June 30, 2021, were approximately RMB 40,302,103,000, reflecting a 1.54% increase from RMB 39,689,617,000 as of December 31, 2020 [31]. - The total liabilities as of June 30, 2021, were approximately RMB 23,400,601,000, an increase of about 3.39% from RMB 22,632,646,000 as of December 31, 2020 [33]. - The net asset value as of June 30, 2021, was approximately RMB 16,901,502,000, a decrease of about 0.91% from RMB 17,056,971,000 as of December 31, 2020 [32]. Shareholder Information - The total number of shareholders as of June 30, 2021, is 1,415, comprising 2 domestic shareholders and 1,413 overseas H-share shareholders [45]. - The major shareholder, Shanghai Jinyuan Tourism Mall (Group) Co., Ltd., holds 742,000,000 shares, representing 22.69% of the issued H shares [49]. - Guo Guangchang, through controlled entities, holds 869,200,000 shares, accounting for 26.58% of the issued H shares [49]. Cash Flow and Financing - Cash and cash equivalents as of June 30, 2021, were approximately RMB 2,069,293,000, an increase of about 12.43% from RMB 1,840,469,000 as of December 31, 2020 [29]. - The company issued short-term financing bonds with a face value of RMB 1 billion at an interest rate of 2.70% for a term of 180 days, aimed at repaying interest-bearing debts [64]. - The company reported a net cash inflow from financing activities of RMB 1,081,629,000 for the six months ended June 30, 2021, compared to RMB 1,660,005,000 in the same period of 2020, representing a decrease of approximately 34.7% [84]. Future Plans and Strategies - The company plans to achieve a total gold production of 23,347.84 kg (approximately 750,649.93 ounces) for the year, with 12,305.34 kg (approximately 395,625.57 ounces) coming from mined gold [40]. - The company aims to enhance production efficiency through technology diagnostics and improving recovery rates, focusing on high-quality development [40]. - The company will implement automation and intelligent systems in mining operations to enhance safety and efficiency [41]. Compliance and Governance - The company maintained compliance with the Corporate Governance Code during the reporting period, with no known violations [69]. - The Audit Committee reviewed the interim financial report for the six months ended June 30, 2021, and confirmed it was prepared in accordance with applicable accounting standards [71].
招金矿业(01818) - 2021 - 中期财报