2014-03-28 16:00Financial Performance - The company's operating revenue for 2013 was CNY 49.77 billion, an increase of 2.80% compared to CNY 48.41 billion in 2012[29]. - The net profit attributable to shareholders for 2013 was CNY 2.13 billion, a decrease of 59.22% from CNY 5.21 billion in 2012[29]. - The cash flow from operating activities for 2013 was CNY 8.84 billion, representing a significant increase of 63.52% compared to CNY 5.41 billion in 2012[29]. - The basic earnings per share for 2013 was CNY 0.10, down 58.33% from CNY 0.24 in 2012[30]. - The total assets at the end of 2013 were CNY 66.90 billion, a slight decrease of 0.68% from CNY 67.35 billion in 2012[29]. - The weighted average return on equity for 2013 was 7.65%, a decrease of 12.05 percentage points from 19.70% in 2012[30]. - The company's net assets attributable to shareholders decreased by 2.02% to RMB 27.612 billion from RMB 28.182 billion at the beginning of the year[38]. - The company reported a net profit attributable to shareholders of RMB 2,125,353,823 for the year ended December 31, 2013[137]. - The proposed cash dividend for 2013 is RMB 0.08 per share, totaling RMB 1,731,668,452, which represents 81.48% of the net profit[139]. Production and Sales - The gold production for the year was 108,540 kg (approximately 3,489,639 ounces), an increase of 20.16% from 90,328 kg in the previous year[39]. - The copper production reached 332,792 tons, marking a year-on-year increase of 53.64% from 216,599 tons[41]. - The zinc production was 253,388 tons, which is a 37.34% increase compared to 184,502 tons in the previous year[42]. - The sales volume of smelting and trading gold increased by 32.57%, while the sales volume of smelting copper rose by 89.10% compared to the previous year[61]. - The revenue from copper mining increased by 10.60% to CNY 495,027,000, with a gross profit margin of 54.57%[85]. Investments and Acquisitions - The company has successfully acquired 100% equity of the Australian Kalgoorlie Mining Company through its subsidiary Norton Gold Fields[55]. - The company has increased its copper reserves by 321,500 tons and molybdenum reserves by 26,700 tons through the acquisition of the Shanghang Luoboling Copper-Molybdenum Mine project[55]. - The company signed a joint venture agreement with Sprott Inc. to establish an offshore mining fund with a planned fundraising scale of $500 million, with the company investing $100 million[155]. - The company’s wholly-owned subsidiary, Jinjing Mining, signed a convertible bond subscription agreement with NKWE Platinum Limited, committing to invest AUD 2 million in convertible bonds[155]. - The company acquired a 30% stake in a mining company for RMB 205 million, increasing its ownership to 100%[99]. Resource Management - The group invested a total of 450 million CNY in geological exploration during the reporting period, completing drilling of 405,000 meters and discovering metal resources including 60.5 tons of gold and 402,000 tons of copper[44]. - The verified resource estimates for gold in 2013 were 1,072.7 tons, a slight decrease of 0.43% from 2012, while copper resources increased by 15.52% to 1,362.4 million tons[46]. - The total verified resources for zinc increased by 46.02% to 926.8 million tons, and lead resources rose by 33.86% to 171.9 million tons[46]. - The group’s iron ore resources were reported at 236 million tons, reflecting a growth of 13.46% year-on-year[46]. - The company is focused on expanding its resource base and enhancing its operational capabilities through strategic investments in exploration and technology[48]. Environmental and Safety Initiatives - The company continues to invest in environmental safety measures to mitigate risks associated with mining operations[13]. - The company aims to strengthen safety and environmental protection, achieving zero accidents and zero tolerance in management[54]. - The company has achieved a 100% disposal rate for general industrial solid waste and hazardous waste in 2013[144]. - The company has committed to environmental protection and sustainable development, adhering to the principle of "protecting while developing"[141]. - The company has established a green mining development plan focusing on ecological construction, aiming to significantly improve resource utilization and land reclamation levels by 2020[146]. Financial Management - The company's total financing amounted to RMB 23.57 billion, with a repayment schedule spread across different time frames[83]. - The company’s total liabilities increased by 80.93% to CNY 5,405,880,513, primarily due to the issuance of new medium-term notes[89]. - The company reported a significant increase in asset impairment losses, rising by 192.61% to CNY 792,141,366[91]. - The company has a total of 6,000 million RMB in entrusted loans at an interest rate of 8%[110]. - The total amount of guarantees provided by the company, including those to subsidiaries, reached CNY 768,829 million, accounting for 27.84% of the company's net assets[163]. Strategic Outlook - The company plans to expand its market presence and invest in new technologies to enhance operational efficiency[88]. - The company plans to implement a comprehensive transformation of its system, aiming to become a high-tech, efficient international mining group by 2030[124]. - The company anticipates a challenging mining environment in 2014, with potential for significant industry adjustments and mergers due to economic uncertainties[123]. - The company plans to invest approximately RMB 4 billion in infrastructure projects and RMB 320 million in exploration and development in 2014[131]. - The company has set ambitious performance guidance for 2014, targeting a revenue increase of 15%[191].