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Zijin Reports Half-year Financial Results, Net Profits up by 20%
2015/09/06 9642

On August 29th, Zijin released its Half Year Financial Results, reporting a sales revenue of RMB 38.8 billion (about US$6.35billion), ranking first among all the listed ld companies, with an increase of 61.9% compared to the previous year; net profit attributable to the shareholders of Zijin was RMB 1.34 billion (about US$219.3 million), ranking third among all the listed ld companies, reaching an increase of 20.9% on the previous year; operating cash flow was RMB 3.9 billion (about US$630 million), increased by 118.3% compared to 2014 while the total assets was RMB 77.8 billion (about US$12.72 billion), rose 3.5% over the first half of 2015.

Zijin adhered to the key notion of “Promote reform, maintain growth and stimulate development” stressed by the board of directors, emphasizing measures to increase organic growth, improving productivity and quality while endeavoring to keep the main products’ output growing.

In the first half of 2015, Zijin’s ld production rose 11.56% to 17.42 tonnes (or 560,066 ounces), accounting for one tenth of China’s total ld production. Copper and Zinc production was 77,300 tonnes and 68,900 tonnes, up 9.74% and 48.34% respectively compared to the first half of 2014. Zijin’s lead, silver and iron ore concentrate production went up as well.

About Zijin Mining
Zijin Mining is a leading global metals and mining company and one of the world’s largest producers of gold, copper, and zinc. The company has more than 30 large-scale mining operations and projects across 19 countries on 5 continents. Leveraging strong in-house research, engineering, and development capabilities, Zijin maintains high operational efficiency and low costs in both acquisitions and operations. This enables the company to be an industry leader in value creation, underpinned by its philosophy of pursuing development for all and sustained by superior environmental, social, and governance performance. Zijin’s shares trade on the Hong Kong Stock Exchange (HKEX: 2899) and the Shanghai Stock Exchange (SSE: 601899).