Zijin Holds Half Year Results Release Conference in Shanghai and Hong Kong
2015/09/06 4930

On August 31st, Mr. Chen Jinghe, Chairman of Zijin, and Mr. Wang Jianhua, President of Zijin, attended press release of Zijin’s 2015 first half results held in Shanghai and Hong Kong respectively.

Mr. Chen and Mr. Wang shared their opinions on current macroeconomic situation and metals prices trends with analysts, institutional investors and reporters. Mr. Chen said, China’s ld demand is expected to increase and drive ld price back to $1200 per ounce in 2016.

Meanwhile, at Hong Kong’s press conference, Mr. Wang pointed out that ld price would steadily rise in the short term, and Zijin is positive on ld price outlook. They also answered questions on Zijin’s major mines’ operating plans, overseas M&A plan, and also non-public A-shares placement.

In the first half of 2015, prices of metals including ld and copper fell substantially. Zijin stuck to the key notion of “Promote reform, maintain growth and stimulate development” and endeavored to reduce the impact from price fall, realizing a revenue of RMB 38.83 billion (about US$6.35 billion), a 61.90% rise on the previous year, and a net profit attributable to shareholders of RMB 1.34 billion (about US$219.2 million), an increase of 20.89% over the same period of 2014 on the backdrop of sharp products price fall.

Analysts, institutional investors and financial media attended the results release. Afterwards, Mr. Chen was interviewed by Reuters and Bloomberg.