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    2899   CNE100000502

ZIJIN MINING GROUP COMPANY LIMITED

(2899)
  Report
Delayed Hong Kong Stock Exchange  -  04:08 2022-09-23 am EDT
8.380 HKD   -2.10%
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Zijin Mining Group Company Limited Provides Earnings Guidance for the First Half Ended June 30, 2022

07/08/2022 | 07:02am EDT

Zijin Mining Group Company Limited provided earnings guidance for the first half ended June 30, 2022. Based on the preliminary estimation by the Company's Finance Department, it is estimated that the Company realised a net profit attributable to owners of the listed company of approximately RMB 12.6 billion for the first half of 2022, representing an increase of approximately RMB 6 billion, or an increase of approximately 91% compared with the same period last year (same period last year: RMB 6.6 billion). It is estimated that the Company realised a net profit attributable to owners of the listed company after non-recurring profit or loss of approximately RMB 11.9 billion for the first half of 2022, representing an increase of approximately RMB 5.8 billion, or an increase of approximately 95% compared with the same period last year (same period last year: RMB 6.1 billion).

During the Reporting Period, the Company's realised net profit attributable to owners of the listed company increased by approximately 91% compared with the same period last year. This is mainly because a batch of major mines, including Serbia Zijin Copper, Kamoa Copper in the Democratic Republic of the Congo and Julong Copper in Tibet, have completed construction, commenced production and reached their designated production capacities on schedule. Production volume of the Company's major mineral products such as mine-produced gold and mine-produced copper also increased substantially compared with the same period last year.

Among which, the production volume of mine-produced copper and mine-produced gold increased by approximately 70% and 22%, respectively.


© S&P Capital IQ 2022
All news about ZIJIN MINING GROUP COMPANY LIMITED
09/18ZIJIN MINING : responsible for over 80% of YoY increment in global copper production in Q2..
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09/09Ivanhoe Mines Reports Fatality at the Kamoa-Kakula Mining Complex
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09/01First Quantum Minerals Names New CFO, COO
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08/26ZIJIN MINING : CARRILU Sinks Water Well for Tribe in Kolwezi, DRC
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08/23ZIJIN MINING : COMMUS Hosts “Zijin Cup” Summer Camp for Pupils in the DRC
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08/22Zijin restarting production at Colombia gold mine after blockade
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08/22Australian Regulator Approves Zijin's Investment in Xanadu Mines; Xanadu Surges 20% Ear..
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Analyst Recommendations on ZIJIN MINING GROUP COMPANY LIMITED
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Financials
Sales 2022 261 B 36 611 M 36 611 M
Net income 2022 22 881 M 3 210 M 3 210 M
Net Debt 2022 56 690 M 7 953 M 7 953 M
P/E ratio 2022 9,16x
Yield 2022 3,34%
Capitalization 219 B 30 768 M 30 768 M
EV / Sales 2022 1,06x
EV / Sales 2023 0,96x
Nbr of Employees 43 876
Free-Float 76,5%
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Mean consensus BUY
Number of Analysts 14
Last Close Price 7,61 CNY
Average target price 12,00 CNY
Spread / Average Target 57,7%
EPS Revisions
Managers and Directors
Lai Chang Zou President & Executive Director
Shui Qing Lin Chairman-Supervisory Board
Jing He Chen Chairman
Kai Xi Jiang Chief Scientist & Engineer
Jing Wen Mao Independent Director
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