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Zijin Reports Half-year Financial Results, Net Profits up by 20%
2015/09/06 4203

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.