Announcement
Unaudited Preliminary Interim Results 2017
The major accounting data for the first half of 2017 contained in this announcement are preliminary accounting data and are unaudited. Specific data to be disclosed by the Company in its interim report 2017 shall prevail. Investors are advised to pay attention to investment risks.
Major accounting data and indicators for the first half of 2017
Unit:RMB'000
Items
Current
reporting period
The same
period last year
Increase/decrease
(%)
Total operating income
37,523,630
38,889,900
-3.51
Operating profit
2,227,530
610,800
264.69
Profit before tax
2,150,330
616,790
248.63
Net profit attributable to owners of the
parent
1,503,810
538,350
179.34
Basic earnings per share (RMB)
0.069
0.025
176.00
Weighted average return on net assets (%)
5.06%
1.95%
Increased by 3.11
percentage points
End of the current reporting period
Beginning of the current reporting
period
Increase/decrease (%)
Total assets
95,108,460
89,217,700
6.60
Equity attributable to owners of the parent
32,995,210
27,762,470
18.85
Share capital
2,303,120
2,154,070
6.92
Net assets per share attributable to owners
of the parent (RMB)
1.433
1.289
11.17
Note: 1. The figures of the beginning of the current reporting period are the same as the figures of the end
of last year disclosed statutorily;
The above figures are consolidated figures of the Group;
The nominal value of the shares of the Company is RMB0.10 each;
The Company carried out non-public issuance of RMB ordinary A Shares in the first half of 2017, the basic earnings per share for the first half of 2017 is calculated based on the weighted average total number of shares after the non-public issuance of A Shares.
Explanations of the operating results and financial condition
In the first half of 2017, the Company closely adhered to the key principles of "clinging to reforms, maintaining growth and boosting development" to proceed its work. As a result, various production indicators were better than expectation. The expected increase in interim results is mainly attributable to rising metal prices, increase in the production and sales volume of the Company's mine-produced copper and mine-produced zinc, and a rather considerable growth in the Company's non-recurrent income in the first half of 2017 over the same period last year.
Reasons regarding the fluctuations for items with changes of 30% or more in the above table
Reasons for changes in operating profit and profit before tax: It was mainly attributable to rising metal prices, increase in the production and sales volume of the Company's mine-produced copper and mine-produced zinc, and a rather considerable growth in the Company's non-recurrent income in the first half of 2017 over the same period last year.
The announcement is written in both Chinese and English. In the case of any discrepancies, the Chinese version shall prevail over its English version.
Investors and shareholders are advised by the board of directors to exercise caution when dealing in the shares of the Company.
Fujian, the PRC, 20 July 2017
*The Company's English name is for identification purpose only
Zijin Mining Group Company Ltd. published this content on 21 July 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 21 July 2017 00:49:04 UTC.
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Zijin Mining Group Company Limited is specialized in exploring and mining gold and metal deposits. Net sales are divided by product family as follows:
- gold (45.1%): in particular, gold bars and gold concentrates (319.3 tons produced in 2021);
- copper (24.3%): electrodeposited copper, copper cathode, and copper concentrates (1,205.5 kt produced);
- metal concentrates (3.8%): zinc, tungsten, lead and iron concentrates;
- zinc (2.9%): in particular, zinc bars;
- other (23.9%): sulfuric acid, copper, silver and iron plates, etc.
79% of the net sales are conducted in China.