Company code: Zijin Mining Group Company Limited(601899) company abbreviation: Zijin Mining Group Company Limited(601899) Zijin Mining Group Company Limited(601899)
Summary of annual report 2021
Section I important tips
1 the summary of this annual report comes from the full text of the annual report. In order to fully understand the company’s operating results, financial status and future development plan, investors should go to www.sse.com com. cn. The website carefully reads the full text of the annual report. 2. The board of directors, the board of supervisors and the directors, supervisors and senior managers of the company guarantee the authenticity, accuracy and completeness of the contents of the annual report, and there are no false records, misleading statements or major omissions, and bear individual and joint legal liabilities. 3 all directors of the company attended the board meeting. 4 Ernst & Young Huaming Certified Public Accountants (special general partnership) issued a standard unqualified audit report for the company. 5. The profit distribution plan or the plan of converting accumulation fund into share capital in the reporting period adopted by the resolution of the board of directors
The board of directors suggested that the company’s dividend distribution plan for 2021 is to distribute cash dividend of 2 yuan (including tax) for every 10 shares, and do not implement share distribution and conversion. The specific profit distribution plan is detailed in the “profit distribution or capital reserve conversion plan” in the “corporate governance” chapter of this annual report. The above profit distribution plan must be submitted to the 2021 annual general meeting of shareholders of the company for deliberation.
Section II basic information of the company
1 company profile
Company stock profile
Stock type stock exchange stock abbreviation stock abbreviation before stock code change
A-share Shanghai Stock Exchange Zijin Mining Group Company Limited(601899) Zijin Mining Group Company Limited(601899) none
H-share Hong Kong joint stock exchange all Zijin Mining Group Company Limited(601899) 2899 none
Limited company
Contact person and contact information secretary of the board of directors securities affairs representative
Name: Zheng Youcheng, Zhang Yan
Office address: Tower B, AVIC Zijin Plaza, No. 1811, Huandao East Road, Siming District, Xiamen City, Fujian Province
Tel: 0592293366805922933653
E-mail [email protected]. [email protected].
2. Introduction to the company’s main business and performance during the reporting period
2.1 main business
The company is engaged in the exploration and development of basic metal mineral resources such as copper, gold and zinc and new energy mineral resources all over the world, moderately extends smelting and processing, trade finance and other businesses, and has a relatively complete industrial chain.
Adhering to the system and mechanism, technical management and mining engineering innovation, the company has formed a model with Zijin characteristics in resource exploration, engineering design, independent construction, production and operation and green sustainability. The company’s strategic value, social value, investment value and brand value have been highly recognized by the industry.
2.2 business performance
In 2021, the company achieved an operating revenue of 225102 billion yuan, a year-on-year increase of 31.25%; The total profit was 24.794 billion yuan, a year-on-year increase of 128.60%, of which the net profit attributable to shareholders of listed companies was 15.673 billion yuan, a year-on-year increase of 140.80%; By the end of the reporting period, the total assets of the company were 208595 billion yuan, a year-on-year increase of 14.42%. The resource reserves and output of major mineral products continued to lead China’s metal mining industry, with 584000 tons of mineral copper in the whole year, a year-on-year increase of 28.83%; 47.5 tons of mineral gold, a year-on-year increase of 17.16%; Mineral zinc (lead) was 434000 tons, with a year-on-year increase of 14.86%; 309 tons of mineral silver, a year-on-year increase of 3.38%; 4.25 million tons of iron concentrate, a year-on-year increase of 9.82%.
2.3 core business review
Copper business
——The world’s first-class and China’s largest producer of mineral copper and the enterprise with the largest reserves of copper resources in China
◎ highlights: during the reporting period, three world-class super large copper mines – kamoa copper mine in the Democratic Republic of the Congo, peji copper and gold mine in Serbia and Julong copper mine in Tibet, the largest porphyry copper mine in China, were completed and put into operation more than expected.
◎ resources: copper resources continued to grow, reaching 627705 million tons; Copper reserves reached 203283 million tons.
◎ output: 1205499 tons of copper, with a year-on-year increase of 17.14% (same period of last year: 1029090 tons).
Among them, mineral copper was 584165 tons, with a year-on-year increase of 28.83% (year-on-year: 453447 tons).
Smelting produced 621334 tons of copper, with a year-on-year increase of 7.94% (same period of last year: 575643 tons).
◎ cost: the cost of copper production in the mine has a comparative advantage. During the reporting period, the unit sales cost of copper production in the mine was 18194 yuan / ton, a year-on-year decrease of 9.46% (20095 yuan / ton in the same period of last year).
◎ contribution: the sales revenue of copper business accounted for 24.28% of the operating revenue during the reporting period (after offset), and the gross profit accounted for 52.63% of the group’s gross profit. ◎ growth: the world’s major copper enterprises are the companies with the fastest and largest growth in mineral copper, and many world-class major projects have been completed and put into operation in batches. Abundant resource reserves have become the direct driving force for the high growth of copper business. Relying on subsequent mergers and acquisitions and independent exploration, the resource reserves are expected to be further improved.
Remarks on copper production of mineral copper (ton) equity held by the group
Equity (ton)
Congo (DRC) koluwezi 72% 12107287172, including 59928 tons of electrodeposited copper
Heilongjiang Duobaoshan 100% 109490109490
Fujian Zijinshan gold copper mine 100% 85061, including 21592 tons of electrodeposited copper Cu
Serbia Zijin Copper industry accounts for 63% of 6603141599, including 58344 tons of electrolytic copper mines or enterprises
100% Serbian industry
The company also holds 45% 4193041930 13.67% equity of Ivanhoe mining kamoa copper (equity), The total equity production of the company is 47662 tons of copper.
Ashele, Xinjiang 51% 4512423013
Bisha mine in Eritrea 55% 2022411123
trade
Jilin Hunchun Zijin 100% 13338
Julong copper 50.1% 156907861
Total of other mines 110869037
Total 584165484743
Name: copper production from equity smelting held by the group (ton) copper production from equity smelting (ton) Cu Zijin Copper 100% 345284345284 Jilin Zijin Copper 100% 110767110767 main smelting enterprise Heilongjiang Zijin Copper 100% 155005 saizijin copper 63% 73174609
Total other copper smelting 29612388
Total 621334618053 gold business
——It is an important participant in the global gold market and China’s largest listed company of mineral gold
◎ highlights: during the reporting period, the company’s technological transformation and expansion projects of Norton binduli gold mine in Australia, wulitika gold mine in Colombia, Zijin in Shanxi, Zijin in Guizhou and zelavshang in Tajikistan were carried out in an orderly manner, laying a foundation for growth in 2022.
◎ resources: the gold resources are 237290 tons and the reserves are 792.15 tons.
◎ output: gold output: 319348 kg (10267275 ounces), up 1.35% year-on-year (same period last year: 315084 kg). Of which: mineral gold 47459 kg (1525827 ounces), up 17.16% year-on-year (same period last year: 40509 kg). Smelting, processing and trade gold 271890 kg (8741448 ounces), a year-on-year decrease of 0.98% (same period of last year: 274576 kg).
◎ cost: the cost of gold mines is generally low. During the reporting period, the unit sales cost of gold production was 176.22 yuan / g, a year-on-year decrease of 0.66% (177.38 yuan / g in the same period of last year).
◎ contribution: gold business is an important revenue source and profit contribution point of the company. The sales revenue of gold business accounted for 45.12% of the operating revenue during the reporting period (after offset), and the gross profit accounted for 21.31% of the group’s gross profit. (1 oz = 311035 g)
◎ growth: accelerate the reconstruction and expansion of incremental gold projects, and increase the reserves of reserves by relying on subsequent mergers and acquisitions and independent exploration. Name: equity mineral gold held by the group (kg) equity gold (kg)
Tajikistan zelavshang 70% 65884612
