Musonoi Mine

Zijin Mining Announces 2022 Interim Results: Achieved 89.95% Increase in Net Profit Attributable to Owners

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Tuesday, August 16, 2022
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HONG KONG, Aug 16, 2022 - (ACN Newswire) - Zijin Mining Group Co., Ltd. (2899.HK; 601899:SH; "Zijin Mining" or "The Company") announced its interim results for the six months ended 30 June 2022 ("Reporting Period").

Key Points: 
  • HONG KONG, Aug 16, 2022 - (ACN Newswire) - Zijin Mining Group Co., Ltd. (2899.HK; 601899:SH; "Zijin Mining" or "The Company") announced its interim results for the six months ended 30 June 2022 ("Reporting Period").
  • The Company realised RMB132.46 billion in operating income, up 20.57% year-on-year, while net profit attributable to owners surged to RMB12.63 billion, representing an increase of 89.95% compared with the same period last year.
  • Zijin Mining 2022 Interim Results Highlights:
    For the six months ended 30 June 2022, the Group realised an operating income of RMB132.46 billion, representing an increase of 20.57% compared with the same period last year (same period last year: RMB109.86 billion).
  • CHEN Jinghe, Chairman of Zijin Mining, commented, "Our strong performance in the first half of 2022 is attributable to the strengths of the Company's global growth strategy.

Jinchuan International's 2021 Profit Attributable to Shareholders Surges 303% to US$120.5 Million

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Tuesday, March 29, 2022
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With costs kept under control, the Group's gross profit rose considerably by 188% to US$251.7 million.

Key Points: 
  • With costs kept under control, the Group's gross profit rose considerably by 188% to US$251.7 million.
  • Moreover, as copper and cobalt prices surged in 2021, the Group's gross profit margin grew significantly to 30% for the Year from 13% in 2020.
  • Profit attributable to shareholders of the Company soared by 303% year-on-year to US$120.5 million.
  • Earnings before interest (net finance costs), income tax, depreciation and amortization and impairment loss ("EBITDA") amounted to US$311.5 million, up by approximately 121.8%.