Financial Performance - The group achieved revenue of approximately RMB 3,535,654,000 for the six months ended June 30, 2022, representing a year-on-year increase of about 1.41% compared to RMB 3,486,564,000 in the same period last year [10]. - Net profit for the period was approximately RMB 209,817,000, a significant increase of about 119.83% from RMB 95,443,000 in the same period last year [11]. - The profit attributable to equity shareholders of the parent company was approximately RMB 107,780,000, reflecting a substantial increase of about 493.40% from RMB 18,163,000 in the same period last year [13]. - Basic and diluted earnings per share for the period were approximately RMB 0.03, an increase of about 493.40% compared to RMB 0.006 in the same period last year [14]. - The company's gross profit was approximately RMB 1,332,491,000, reflecting a growth of about 12.97% compared to RMB 1,179,467,000 in the same period last year [26]. - Other income and gains increased by approximately 15.51% to RMB 305,189,000 from RMB 264,220,000 in the same period last year [27]. - The company reported a total comprehensive income of RMB 225,892,000 for the period, compared to RMB 84,697,000 in 2021 [77]. - The total tax expense for the period was RMB 108,984,000, compared to RMB 64,716,000 in the previous year, reflecting an increase of approximately 68.3% [103]. Production and Operations - Total gold production for the period was approximately 13,516.27 kg (about 434,557.71 ounces), a decrease of about 0.25% year-on-year, with mined gold increasing by approximately 62.23% to 8,651.78 kg (about 278,160.94 ounces) while refined gold decreased by about 40.80% [12]. - The comprehensive cash cost of gold was approximately RMB 193.98 per gram, down about 20.17% from RMB 242.98 per gram in the same period last year [24]. - The company invested RMB 0.45 billion in geological exploration, resulting in an addition of 16.01 tons of gold metal and 623 tons of copper metal [18]. - The company completed technology innovation investments totaling RMB 0.58 billion, implementing 34 technology innovation projects and applying for 25 new patents [19]. - The company plans to enhance production capacity and efficiency, focusing on core mining operations and resource development in the second half of 2022 [42]. Financial Position - Cash and cash equivalents as of June 30, 2022, were approximately RMB 5,122,606,000, an increase of about 70.86% from RMB 2,998,213,000 at the end of the previous year [30]. - Total assets as of June 30, 2022, were approximately RMB 46,468,068,000, representing an increase of about 8.01% from RMB 43,022,606,000 as of December 31, 2021 [33]. - Total liabilities increased by approximately 14.98% to RMB 26,783,335,000 as of June 30, 2022, compared to RMB 23,293,732,000 as of December 31, 2021 [35]. - The net asset value as of June 30, 2022, was approximately RMB 19,684,733,000, a slight decrease of about 0.22% from RMB 19,728,874,000 as of December 31, 2021 [34]. - The company’s leverage ratio was approximately 43.94% as of June 30, 2022, compared to 41.29% as of December 31, 2021 [35]. Shareholder Information - The company reported a total of 1,377 shareholders as of June 30, 2022, with 2 domestic shareholders and 1,375 overseas H-share shareholders [48]. - Major shareholders include Shanghai Fosun Industrial Investment Co., Ltd., holding approximately 23.34% of the issued H shares [51]. - The company confirmed sufficient public float of its shares during the reporting period [59]. Risk Management and Compliance - The company faced challenges such as domestic COVID-19 outbreaks and economic pressures but managed to effectively mitigate risks and maintain stable operations [17]. - The company has not engaged in any interest rate swaps or hedging activities during the period to manage interest rate risk [37]. - The company has established forward contracts for copper and gold to hedge against price fluctuations [40]. - The company has complied with the Corporate Governance Code during the period from January 1, 2022, to June 30, 2022 [70]. Future Outlook - The company aims to strengthen investment and resource acquisition efforts, targeting breakthroughs in resource development [43]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth [80]. - The company will implement a transparent democratic management system to address employee concerns and enhance workforce motivation [45].
招金矿业(01818) - 2022 - 中期财报