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Zijin realised a net profit attributable to owners of the listed company of approximately RMB12.6 billion for the first half of 2022

Zijin realised a net profit attributable to owners of the listed company of approximately RMB12.6 billion for the first half of 2022

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  • Time of issue:2022-07-09
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(Summary description)

Zijin realised a net profit attributable to owners of the listed company of approximately RMB12.6 billion for the first half of 2022

(Summary description)

  • Categories:New
  • Author:
  • Origin:
  • Time of issue:2022-07-09
  • Views:0
Information

 On July 8,based on the preliminary estimation by the Company’s Finance Department, it is estimated that Zijin Mining realised a net profit attributable to owners of the listed company of approximately RMB12.6 billion for the first half of 2022, representing an increase of approximately RMB6 billion, or an increase of approximately 91% compared with the same period last year.

 

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.

 

During the Reporting Period, the selling prices of mine-produced gold and mine-produced copper of the Company increased by approximately 2% and 3.6%, respectively, compared with the same period last year. And profitability of certain associates and joint ventures improved.

 

                                                                                             

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Xiamen Zijin Technology of Mining & Metallurgy Ltd.
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