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Zijin Mining Release 1Q 2018 Results
2018/04/27 4120

Zijin Mining released its 1Q 2018 results on 24th April, with sales revenue of RMB 22.86 billion, a YoY increase of 23.9%, net profit attributable to shareholders of RMB 1.085 billion, a YoY increase of 7.9%, and net profit after deducting non-recurring gains and losses of RMB 1.051 billion, a YoY increase of 176.5%.

Net profit after deducting non-recurring gains and losses rose significantly, representing the company's main business is developing strongly. In recent years, Zijin Mining has expanded its global industrial layout with “gold, copper, and zinc” as its leading businesses. The core business continues to grow bigger and stronger, while copper and zinc productions and resources have increased rapidly. The 2017 annual results showed that Zijin Mining produced 208 kt of mined copper, a YoY increase of 34.22% and 270kt of mined zinc, a YoY increase of 7.99%. On top of 2017’s rapid growth, the two sectors achieved further growth in 1Q 2018, with production of 59 kt of mined copper, a YoY increase of 28.6%, and production of 74kt of mined zinc, a YoY increase of 7.3%.