2021-03-26 16:00Market Performance - The company's total market value increased from RMB 114.8 billion at the end of 2019 to RMB 224.9 billion by the end of 2020, reflecting a significant growth[8]. - The company’s market capitalization doubled to CNY 224.9 billion, ranking 12th among global mining companies[20]. - The company’s stock price increased significantly, with A-shares rising from CNY 4.75 to CNY 9.29 and H-shares from HKD 4 to HKD 8.78 in 2020[20]. - The company’s market capitalization exceeded 300 billion yuan, with A-share and H-share prices doubling from the beginning of the year[137]. Financial Performance - In 2020, the company's operating revenue reached CNY 171.5 billion, a year-on-year increase of 25.9%[17]. - The total profit for 2020 was CNY 10.8 billion, representing a growth of 54.3% compared to 2019[17]. - The net profit attributable to shareholders was CNY 6.5 billion, with a year-on-year increase of 38.9%[18]. - The company's total assets increased to CNY 182.3 billion, up 47.3% from the previous year[17]. - The company achieved a significant increase in resource reserves, with gold reserves at 2,333.64 tons (up 23.68%), copper at 6,205.58 million tons (up 8.39%), and silver at 2,923.55 tons (up 57.13%) by the end of 2020[146]. - The company reported a total of CNY 186.59 million in non-recurring gains and losses for 2020[100]. - The company achieved a sales revenue of 171.50 billion RMB, a year-on-year increase of 26.01% compared to 136.10 billion RMB in the previous year[152]. Resource Development - The company achieved a substantial increase in resource reserves, with gold reserves exceeding 2,300 tons, copper reserves over 62 million tons, and zinc (lead) reserves exceeding 10 million tons, alongside 2,900 tons of silver[9]. - The company has discovered substantial new resources, including 2.788 million tons of copper and 1,207 tons of gold through independent exploration[56]. - The company has confirmed new mineral reserves including 55 tons of gold, 105,000 tons of copper, and 157 tons of gold from various projects in China[58]. - The company has established China's largest gold mine and the world's first 10 million-ton copper bio-leaching and flotation system, enhancing its resource utilization and environmental technology[59]. Project Development - The company successfully completed major project constructions, including the full production of the Longnan Zijin 10,000 tons/day expansion project and the commencement of several gold increment projects in Guizhou and Shanxi[8]. - The company accelerated its internationalization process, successfully acquiring the Colombia Buriticá gold mine and the Guyana Aurora gold mine, which were delivered and put into production within the same year[9]. - The company plans to complete the construction of the Serbia Peji copper-gold mine by June 2021, with expected annual production of 91,400 tons of copper and 2.5 tons of gold[72]. - Major projects include the successful commissioning of the Colombia Buriticá gold mine and the resumption of production at the Guyana Aurora gold mine, contributing to increased gold capacity[144]. Innovation and Technology - The company emphasizes technology innovation, aiming to solve key technical issues and enhance its global competitiveness through increased investment in technology[12]. - The company has a strong innovation capability, focusing on geological exploration and comprehensive recovery of low-grade resources, enhancing its global competitiveness[124]. - The company’s innovation capabilities were strengthened with 74 R&D projects, including 2 national-level projects and 3 provincial-level projects[148]. - Research and development expenses increased by 22.29% to 582.51 million RMB, compared to 476.34 million RMB in the previous year[160]. Sustainability and Social Responsibility - The company established a reform office to promote the development of a global operational management system, aiming for significant progress in ESG (Environmental, Social, and Governance) framework within two years[9]. - The company has made significant contributions to social responsibility, with a total social contribution of CNY 21.4 billion in 2020[40]. - The company is committed to sustainable mining practices, developing technologies for ecological restoration and resource-efficient mining[59]. - The company has established a robust ESG framework, enhancing environmental protection and social responsibility, including a donation of approximately 30 million yuan for COVID-19 relief efforts[149]. Talent and Human Resources - The company plans to enhance international talent recruitment and training to address the talent shortage within 3-5 years[13]. - The company aims to maximize social and economic benefits through its unique mining engineering management model[110]. Strategic Goals - The company has set a five-year (2+3) plan and a development goal for 2030, aiming to become a high-tech, highly profitable international mining group[10]. - The company plans to enhance its resource advantages and ensure the achievement of strategic goals by seeking important investment and acquisition opportunities globally[11]. - The company is focused on acquiring mid to large-sized gold and copper mining companies to increase resource reserves and production capacity[63]. - The company is committed to sustainable development through resource exploration and acquisitions, aiming to meet long-term growth needs[111].