On the evening of March 18, Zijin Mining Group Company Limited(601899) handed over the 2021 annual report. The company achieved an operating revenue of 225102 billion yuan, a year-on-year increase of 31.25%; The net profit attributable to the parent company was 15.673 billion yuan, a year-on-year increase of 140.8%, a record high.
The company disclosed that by 2025, it is expected to form an annual capacity of 50000 tons of lithium carbonate (LCE). At the same time, it is proposed to allocate resources globally, pay attention to scarce minerals such as copper and gold and high potential minerals such as zinc, and increase the acquisition of new energy mineral resources such as lithium, cobalt and nickel.
overseas mineral business accounts for more indicators than China
As an important revenue source and profit contribution point of Zijin Mining Group Company Limited(601899) company, in 2021, the company’s overseas copper and gold mineral resources, reserves, output and profit contribution exceeded China’s. Among them, the overseas resources of copper accounted for 76%, gold accounted for 74%, the overseas output of copper accounted for 53%, gold accounted for 60%, and the profit contribution of overseas production and operation reached 51%Center source: annual report / center
In 2021, the sales revenue of Zijin Mining Group Company Limited(601899) copper business accounted for 24.28% of the operating revenue (after offset), and the gross profit accounted for 52.63% of the company’s gross profit; The sales revenue of gold business accounts for 45.12% of the operating revenue (after offset), and the gross profit accounts for 21.31% of the company’s gross profit. Due to the growth of new energy demand and the mismatch between supply and demand, the price of non-ferrous metals generally rose in 2021.
The annual report disclosed that by the end of 2021, the company had inferred, controlled and proved resources: 627705 million tons of copper, 23.72 million tons of gold, 108822 million tons of zinc (lead), 1153576 tons of silver, and 7.63 million tons of lithium resources (lithium carbonate) obtained through new mergers and acquisitions.
continue to configure new energy metals
Under the wave of new energy, mining companies have focused on new energy metals, Zijin Mining Group Company Limited(601899) is no exception. The company said that copper is an important new energy mineral and a “future metal” and green mineral for the green transformation of energy in the “double carbon” era.
According to the annual report, the implementation of caving mining in four underground large porphyry deposits, including Heilongjiang Tongshan Copper Mine, Fujian Zijinshan lobling copper (molybdenum) mine, Serbia bor copper JM copper mine and Serbia chukalu peji copper gold mine, is expected to form an annual copper production capacity of more than 200000 tons.
It is worth mentioning that Zijin Mining Group Company Limited(601899) mentioned in the annual report that the company is expected to form an annual capacity of 50000 tons of lithium carbonate (LCE) by 2025 after the previous disclosure of lithium resources.
On January 26, Zijin Mining Group Company Limited(601899) announced that the general meeting of shareholders of Xinli company had approved the acquisition transaction, the approval or filing procedures of domestic and foreign regulatory authorities required for the acquisition of equity of Xinli company had been completed, and the EIA permit for the mining phase I of 3q project had been approved.
The first phase of 3q project will be designed to produce 20000 tons of battery grade lithium carbonate per year according to the feasibility study scheme. It is expected to be completed and put into operation by the end of 2023, using the precipitation method as the main process.
At the same time, Zijin Mining Group Company Limited(601899) on the aspect of sustainable development, proposed to allocate resources globally and seek M & A opportunities of great strategic significance; Pay attention to copper, gold and other scarce minerals and zinc and other high potential minerals, and increase the acquisition of lithium, cobalt, nickel and other new energy mineral resources; Increase investment in ore prospecting, green space and primary exploration, open a new round of ore prospecting in Zijinshan and other key mines, and strive for new breakthroughs; Pay attention to the recycling of huge “urban mines” mineral resources and expand new ways to obtain resources.
The reporter noted that the annual report also disclosed that the company has arranged new material projects such as lithium iron phosphate, electrolytic copper foil and high-performance alloy, and started the ammonia hydrogen energy industry in cooperation with Fuzhou University.
multiple funds continue to increase positions
According to the annual report, the top ten circulating shareholders continued to increase their positions, such as Hong Kong Central Clearing Co., Ltd., Gaoyi Xiaofeng No. 2 letter fund, foreign trade trust Gaoyi Xiaofeng Hongyuan collective fund trust plan, and national social security fund 103 and 114 portfolio.
It is worth mentioning that Hong Kong Central Clearing Co., Ltd. has increased its positions for many times, with a current shareholding of 6.04%. At the same time, the top ten circulating shareholders newly entered the Abu Dhabi Investment Authority, with a shareholding ratio of 0.69%.
