2019-03-22 16:00Financial Performance - The company's operating revenue for 2018 was CNY 105.99 billion, an increase of 12.11% compared to CNY 94.55 billion in 2017[15]. - The net profit attributable to shareholders for 2018 was CNY 4.09 billion, representing a growth of 16.71% from CNY 3.51 billion in 2017[15]. - The net cash flow from operating activities reached CNY 10.23 billion, up by 4.80% from CNY 9.76 billion in the previous year[15]. - The total assets at the end of 2018 amounted to CNY 112.88 billion, a significant increase of 26.38% compared to CNY 89.32 billion at the end of 2017[15]. - The company's net assets attributable to shareholders were CNY 40.46 billion, reflecting a growth of 15.59% from CNY 35.00 billion in 2017[15]. - Basic earnings per share for 2018 were CNY 0.18, an increase of 12.50% from CNY 0.16 in 2017[16]. - The weighted average return on equity for 2018 was 11.70%, up by 0.6 percentage points from 11.10% in 2017[17]. - The company achieved total assets and operating income exceeding 100 billion, with net profit attributable to the parent company and operating cash flow showing significant growth[31]. - The company achieved a sales revenue of 105.99 billion CNY, representing a year-on-year growth of 12.11% compared to 94.55 billion CNY in the previous year[41]. - The company reported a comprehensive gross profit margin of 12.59% in 2018, a decrease of 1.35 percentage points compared to the previous year[67]. Production and Resource Management - The company holds 1,727.97 tons of gold resources, accounting for 13.10% of China's total gold resources[27]. - The copper resource reserves stand at 49.52 million tons, representing 46.68% of China's total copper resources[27]. - Gold, copper, and zinc production maintained a leading position among domestic mining enterprises, with expectations for a 10% increase in gold production and substantial growth in copper and zinc output[33]. - The company holds substantial resource reserves, including 1,728 tons of gold, 4.952 million tons of copper, and 837,000 tons of zinc, with a notable copper resource at the Kamoa Copper Mine exceeding 42 million tons[31]. - The company produced 683,078 tons of copper, reflecting a growth of 7.40% compared to 636,008 tons in the previous year[46]. - The production of gold was 241,628 kg, a year-on-year increase of 13.03% from 213,765 kg[43]. - The group produced 461,169 tons of zinc, a year-on-year decrease of 1.25% from 466,998 tons in the previous year[49]. - The company plans to produce 40 tons of gold in 2019, a year-on-year increase of 9.6%[118]. - The copper production target for 2019 is set at 350,000 tons, reflecting a significant year-on-year growth of 41.1%[118]. - Zinc production is expected to reach 380,000 tons in 2019, which is a 36.7% increase compared to the previous year[118]. Investments and Acquisitions - The company successfully acquired the RTB BOR Group in Serbia and NEVSUN in Canada, significantly increasing its gold, copper, and zinc resource reserves[40]. - The company invested $350 million (approximately 2.398 billion RMB) to acquire a 63% stake in RTB BOR Group, Serbia's only copper mining and smelting company, which produced 42,500 tons of copper in 2018[104]. - The acquisition of Nevsun Resources Ltd. was completed for approximately CAD 1.858 billion (approximately 9.363 billion RMB), giving the company 100% ownership of Nevsun, which has significant assets including the Timok copper-gold project and the Bisha copper-zinc mine[104]. - The company plans to invest approximately $1.26 billion (including the initial $350 million) in RTB BOR Group over the next six years to enhance production capacity, targeting an annual copper output of 120,000 tons post-expansion[104]. - The company is focusing on enhancing its international management system and operational model to support its internationalization strategy[120]. Environmental and Social Responsibility - The company is committed to sustainable development, focusing on resource prioritization in mergers and exploration, while enhancing risk management and environmental safety[33]. - The company donated 206.5 million yuan for community development and social responsibility initiatives during the reporting period[57]. - The company invested RMB 101 million in poverty alleviation efforts, significantly improving living conditions in surrounding rural areas[162]. - A total of 773 registered impoverished individuals were lifted out of poverty through the company's initiatives[163]. - The company allocated RMB 726 million to 23 poverty alleviation projects focused on industrial development[163]. - The company is committed to green mining development and has established a green mining development plan[115]. - The company has implemented strict management of wastewater, with total cadmium emissions at 0.002628 tons, well below the regulatory threshold[169]. - The company is actively collaborating with third-party environmental protection firms and research institutions to enhance pollution control facilities[176]. - In 2018, Zijin Mining Group invested CNY 663 million in environmental protection and ecological restoration, recovering vegetation over 399.4 hectares and planting 602,000 trees[184]. Governance and Compliance - The company has no major litigation or arbitration matters reported for the fiscal year[140]. - The independent directors believe the profit distribution plan protects the rights of minority investors[134]. - The company has committed to not engage in competing business activities during the period of being controlled by its major shareholder[136]. - The company has appointed Ernst & Young Hua Ming as its auditor for the fiscal year, with an audit fee of RMB 1,045,000[138]. - The company has established environmental self-monitoring plans for all subsidiaries, complying with environmental department requirements[192]. - The company has ongoing environmental protection projects, including the reclamation greening project in Xinjiang, which is currently under construction[191].