2016-08-26 16:00Financial Performance - The company's operating revenue for the first half of 2016 was CNY 38.89 billion, a slight increase of 0.15% compared to CNY 38.83 billion in the same period last year[19]. - The net profit attributable to shareholders for the first half of 2016 was CNY 538.35 million, representing a significant decrease of 59.86% from CNY 1.34 billion in the previous year[19]. - The net cash flow from operating activities was CNY 3.63 billion, down 5.7% from CNY 3.85 billion in the same period last year[19]. - Basic earnings per share for the first half of 2016 were CNY 0.025, down 59.68% from CNY 0.062 in the same period last year[20]. - The weighted average return on net assets decreased by 2.78 percentage points to 1.95% compared to 4.73% in the previous year[20]. - The company reported a comprehensive gross margin of 11.05%, an increase of 1.22 percentage points year-on-year, with mining enterprises' gross margin at 39.43%, down 2.86 percentage points[47]. - The company reported a significant investment loss of 455.92 million yuan, a significant decline from a profit of 253.46 million yuan in the same period last year[53]. - The company reported a net profit for the first half of 2016 of CNY 576.67 million, down from CNY 1.41 billion in the first half of 2015, representing a decrease of approximately 59%[178]. - The net profit attributable to the parent company for the first half of 2016 was ¥538.35 million, a decrease of 60% compared to ¥1.34 billion in the same period of 2015[189]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 87.49 billion, an increase of 4.27% from CNY 83.91 billion at the end of the previous year[19]. - The total liabilities increased to CNY 56.77 billion as of June 30, 2016, compared to CNY 51.99 billion at the end of 2015[176]. - The company's total assets as of June 30, 2016, amounted to ¥52.63 billion, an increase from ¥46.56 billion at the end of 2015[192]. - The company's total liabilities increased to ¥30.96 billion as of June 30, 2016, compared to ¥22.74 billion at the end of 2015[195]. - The company's liquidity ratios improved, with the current ratio at 72.43%, up 3.3 percentage points from the previous year, and the quick ratio at 41.64%, an increase of 7.24 percentage points[163]. Production and Sales - Gold production decreased by 11.63% to 110,142 kg, while copper production increased by 29.55% to 273,701 tons[29][30]. - Zinc production rose by 24.52% to 225,349 tons, with a significant increase in zinc concentrate production by 78.46%[31]. - The average gold price during the reporting period was 1,220.28 USD/oz, a year-on-year increase of 1.18%[26]. - The company plans to produce 42.5 tons of gold, a 15% increase year-on-year, and 15.5 million tons of copper, a 3% increase[70]. - The company expects to produce 37,000 tons of copper concentrate and 11,600 tons of cathode copper annually after the completion of the Zijinshan Gold-Copper Mine project[111]. Investments and Acquisitions - The company completed the acquisition of Heilong Mining for 1.56122 billion CNY, enhancing copper resource reserves and production capacity[35]. - The company reported a transaction amount of 1.42 million USD for the purchase of gold and silver bars from Barrick (Niugini) Limited during the reporting period[122]. - The company acquired a 21% stake in Musonoi Mining Company for USD 34 million, increasing its ownership to 72%[115]. - The company has invested 11,000 million RMB in Huafu Securities with an expected return of 726 million RMB[107]. - The company has a total of 2,000 million RMB invested in Xiamen Trust with an expected return of 420 million RMB[107]. Cash Flow and Financing - The company's cash and cash equivalents increased by 2.407 billion yuan, a growth of 73.14% year-on-year, reaching 5.698 billion yuan[56]. - The company’s total borrowings amounted to 39.209 billion yuan, with a range of interest rates between 0.40% and 5.145%[57]. - The company reported a cash dividend distribution of CNY 1.292 billion to shareholders, with a payout of CNY 0.6 per 10 shares[112]. - The total amount of entrusted loans as of June 2016 reached 662,916.07 million RMB, 65 million USD, and 22.8 million EUR[105]. - The company issued RMB 5 billion from the first phase and RMB 3 billion from the second phase of corporate bonds, with all funds used to supplement working capital[155]. Shareholder Information - The company repurchased a total of 2,500,000 H shares during the reporting period, with a total payment of 4,845,000 HKD (excluding commissions)[137]. - The total number of shares after the repurchase is 21,540,743,650, with a decrease of 2,500,000 shares from the previous total[136]. - The largest shareholder, Hong Kong Central Clearing Limited, holds 5,722,390,038 shares, representing 26.57% of the total shares[141]. - The company has not undergone any changes in controlling shareholders or actual controllers during the reporting period[145]. - The company has not reported any strategic investors or general corporations becoming top ten shareholders due to new share placements[145]. Risk Management and Compliance - The company has strengthened risk management and improved hedging operations, utilizing forward contracts for cash flow hedging of expected sales of gold and copper for the next 12 months[134]. - The company has revised its internal control procedures in accordance with the updated listing rules of the Hong Kong Stock Exchange[133]. - The company’s governance structure has been continuously improved to comply with relevant regulations[133]. - There were no significant changes in accounting policies or estimates during the reporting period[134]. - The company maintains a AAA credit rating for its corporate bonds, as assessed by Zhongcheng Credit Rating Co., Ltd.[156].