Announcement Unaudited Interim Results for the Six Months Ended 30 June 2016

The board of directors (the "Board") of Zijin Mining Group Co., Ltd.* (the "Company") is pleased to announce the unaudited interim results of the Company and its subsidiaries (the "Group") for the six months ended 30 June 2016 ("this period"/the "reporting period"). This announcement has been reviewed and passed by the Board and the audit and internal control committee.

The following unaudited consolidated financial information was prepared in accordance with China Accounting Standards for Business Enterprises ("CAS") and the related laws and regulations.

This announcement contains some forward looking statements and future plans of the Company, which do not constitute any actual commitment to investors. Investors are advised to exercise caution when dealing in the shares of the Company.

This announcement is written in both Chinese and English. In the case of any discrepancies, the Chinese version shall prevail over its English version.

1. GROUP'S FINANCIAL STATEMENTS (AS PREPARED IN ACCORDANCE WITH CAS)

In this announcement, unless otherwise indicated in the context, the currency is RMB.

CONSOLIDATED BALANCE SHEET

As at 30 June 2016

30 June 2016

31 December 2015

(Unaudited)

(Audited)

RMB

RMB

ASSETS

CURRENT ASSETS

Cash and cash equivalents

7,236,590,168

5,498,295,305

Financial assets at fair value through profit or loss

857,866,347

548,352,730

Bills receivable

421,605,655

264,373,037

Trade receivables

953,256,666

864,682,728

Prepayments

1,202,512,690

842,469,851

Other receivables

1,472,969,561

1,215,636,233

Inventories

9,904,125,825

10,951,318,480

Current portion of non-current assets

31,500,000

458,040,000

Other current assets

1,217,366,045

1,151,678,678

Total current assets

23,297,792,957

21,794,847,042

NON-CURRENT ASSETS

Available-for-sale investments

1,227,624,679

972,008,647

Long-term equity investments

7,308,104,542

6,941,121,652

Investment properties

164,208,374

168,402,512

Fixed assets

28,865,858,698

29,359,351,288

Construction in progress

7,133,050,257

6,160,763,924

Construction materials

389,435,801

240,135,740

Intangible assets

10,019,130,157

10,283,969,425

Goodwill

496,758,705

496,758,705

Long-term deferred assets

1,134,114,274

1,084,220,930

Deferred tax assets

942,064,331

793,211,659

Other non-current assets

6,516,189,224

5,619,242,131

Total non-current assets

64,196,539,042

62,119,186,613

TOTAL ASSETS

87,494,331,999

83,914,033,655

CONSOLIDATED BALANCE SHEET (CONTINUED)

As at 30 June 2016

30 June 2016

31 December 2015

(Unaudited)

(Audited)

RMB

RMB

LIABILITIES AND OWNERS' EQUITY

CURRENT LIABILITIES

Short-term borrowings

5,115,822,982

5,394,474,750

Financial liabilities at fair value through profit or loss

7,247,957,030

6,804,872,854

Bills payable

269,273,521

231,175,265

Trade payables

4,069,282,963

4,442,840,507

Advances from customers

2,515,892,741

1,918,146,839

Employee benefits payable

403,416,187

569,619,991

Taxes payable

593,457,449

698,586,919

Dividends payable

1,303,181,952

119,000,981

Other payables

4,566,206,161

4,289,196,570

Current portion of non-current liabilities

2,244,773,670

6,053,652,249

Other current liabilities

4,000,000,000

1,004,821,498

Total current liabilities

32,329,264,656

31,526,388,423

NON-CURRENT LIABILITIES

Long-term borrowings

8,348,852,226

9,251,188,420

Bonds payable

13,300,000,000

8,300,000,000

Long-term payables

1,094,744,980

1,171,224,739

Provision

739,919,631

720,404,428

Deferred income

480,754,579

503,275,426

Deferred tax liabilities

480,880,229

513,296,967

Total non-current liabilities

24,445,151,645

20,459,389,980

TOTAL LIABILITIES

56,774,416,301

51,985,778,403

EQUITY

Share capital

2,154,074,365

2,154,324,365

Capital reserve

7,171,510,932

7,232,538,557

Other comprehensive income

(965,222,639)

(830,177,675)

Special reserve

175,634,863

139,524,461

Surplus reserve

1,319,401,104

1,319,401,104

Retained earnings

16,767,468,254

17,521,563,160

Equity attributable to owners of the parent

26,622,866,879

27,537,173,972

Non-controlling interests

4,097,048,819

4,391,081,280

TOTAL EQUITY

30,719,915,698

31,928,255,252

TOTAL LIABILITIES AND OWNERS' EQUITY

87,494,331,999

83,914,033,655

CONSOLIDATED STATEMENT OF PROFIT OR LOSS

For the six months ended 30 June 2016

For the 6 months ended 30 June 2016

For the 6 months ended 30 June 2015

(Unaudited)

(Unaudited)

RMB

RMB

OPERATING INCOME

38,889,899,709

38,832,439,537

Less: Operating costs

34,594,052,055

35,015,201,697

Taxes and surcharges

389,604,660

415,226,067

Selling expenses

332,124,951

391,516,830

Administrative expenses

1,341,882,050

1,171,923,947

Financial expenses

439,930,366

434,556,891

Impairment losses on assets

5,637,118

82,162,710

Add: (Losses)/Gains on changes in fair value

(719,947,740)

337,686,299

Investment (losses)/income

(455,916,389)

253,463,357

Including: Share of profits/(losses) of associates and joint ventures

166,791,958

(162,033,012)

OPERATING PROFIT

610,804,380

1,913,001,051

Add: Non-operating income

103,829,667

102,154,260

Less: Non-operating expenses

97,840,390

108,468,861

IncludingLosses on disposal of non-current

assets

16,719,346

15,594,414

PROFIT BEFORE TAX

616,793,657

1,906,686,450

Less: Income tax expenses

40,123,348

496,673,012

NET PROFIT

576,670,309

1,410,013,438

Including: Attributable to owners of the parent

538,349,713

1,341,155,185

Non-controlling interests

38,320,596

68,858,253

Earnings per share

Basic earnings per share

0.025

0.062

NET OTHER COMPREHENSIVE INCOME AFTER TAX

Changes in fair value of available-for-sale investments

399,398,705

(98,624,639)

Effective portion of cash flow hedges

(479,355,367)

-

Exchange differences arising from translation of financial statements denominated in foreign currencies

(55,088,302)

(21,209,508)

Other comprehensive income attributable to owners of the parent

(135,044,964)

(119,834,147)

Other comprehensive income attributable to non-controlling interests

(33,995,445)

(8,931,599)

SUBTOTAL OF NET OTHER COMPREHENSIVE INCOME AFTER TAX

(169,040,409)

(128,765,746)

TOTAL COMPREHENSIVE INCOME

407,629,900

1,281,247,692

Attributable to:

Owners of the parent

403,304,749

1,221,321,038

Non-controlling interests

4,325,151

59,926,654

Zijin Mining Group Company Ltd. published this content on 28 August 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 28 August 2016 11:26:04 UTC.

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