ZIJIN MINING GROUP COMPANY LIMITED 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 2017 ("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 STATEMENT OF FINANCIAL POSITIONAs at 30 June 2017
ASSETS | Note | 30 June 2017 | 31 December 2016 |
(Unaudited) | (Audited) | ||
RMB | RMB | ||
CURRENT ASSETS | |||
Cash and cash equivalents | 8,597,925,019 | 5,022,502,044 | |
Financial assets at fair value through profit or loss | 2,474,695,270 | 1,251,779,930 | |
Bills receivable | 1,521,849,982 | 875,760,717 | |
Trade receivables | 14 | 849,109,384 | 783,067,488 |
Prepayments | 1,601,399,840 | 869,773,560 | |
Other receivables | 1,111,432,690 | 997,209,895 | |
Inventories | 12,079,418,210 | 12,002,626,649 | |
Current portion of non-current assets | 355,818,905 | 366,489,750 | |
Other current assets | 2,598,507,226 | 1,970,998,795 | |
Total current assets | 31,190,156,526 | 24,140,208,828 | |
NON-CURRENT ASSETS | |||
Available-for-sale investments | 1,240,611,333 | 1,076,496,651 | |
Long-term equity investments | 7,207,977,698 | 7,909,027,958 | |
Investment properties | 199,351,881 | 193,291,103 | |
Fixed assets | 31,895,777,927 | 32,530,610,194 | |
Construction in progress | 3,726,331,228 | 3,984,843,811 | |
Construction materials | 172,494,288 | 194,114,106 | |
Intangible assets | 10,242,213,630 | 10,257,008,960 | |
Goodwill | 463,597,655 | 463,597,655 | |
Long-term deferred assets | 1,041,240,160 | 1,185,962,369 | |
Deferred tax assets | 942,015,756 | 873,576,042 | |
Other non-current assets | 6,553,913,140 | 6,408,962,582 | |
Total non-current assets | 63,685,524,696 | 65,077,491,431 | |
TOTAL ASSETS | 94,875,681,222 | 89,217,700,259 | |
As at 30 June 2017
LIABILITIES AND OWNERS' EQUITY | Note | 30 June 2017 | 31 December 2016 |
(Unaudited) | (Audited) | ||
RMB | RMB | ||
CURRENT LIABILITIES | |||
Short-term borrowings | 13,431,823,324 | 12,350,040,250 | |
Financial liabilities at fair value through profit or loss | 163,608,178 | 93,140,487 | |
Bills payable | 128,446,184 | 252,074,617 | |
Trade payables | 15 | 3,897,129,937 | 4,727,394,558 |
Advances from customers | 2,572,617,478 | 2,086,548,542 | |
Employee benefits payable | 420,640,037 | 652,672,744 | |
Taxes payable | 621,069,208 | 490,865,153 | |
Dividends payable | 1,511,566,682 | 27,165,124 | |
Other payables | 4,137,813,820 | 3,953,476,058 | |
Current portion of non-current liabilities | 4,471,547,530 | 4,218,609,112 | |
Other current liabilities | 3,000,000,000 | 5,000,000,000 | |
Total current liabilities | 34,356,262,378 | 33,851,986,645 | |
NON-CURRENT LIABILITIES | |||
Long-term borrowings | 5,493,505,501 | 5,775,423,277 | |
Bonds payable | 16,274,145,685 | 16,270,310,335 | |
Long-term payables | 427,165,649 | 397,617,073 | |
Provision | 868,839,869 | 871,311,724 | |
Deferred income | 430,565,456 | 453,473,146 | |
Deferred tax liabilities | 555,082,522 | 481,069,873 | |
Total non-current liabilities | 24,049,304,682 | 24,249,205,428 | |
TOTAL LIABILITIES | 58,405,567,060 | 58,101,192,073 | |
EQUITY | |||
Share capital | 2,303,121,889 | 2,154,074,365 | |
Capital reserve | 11,153,190,489 | 6,703,357,022 | |
Other comprehensive income | 12 | (197,289,231) | (642,687,760) |
Special reserve | 192,966,618 | 159,412,702 | |
Surplus reserve | 1,319,401,104 | 1,319,401,104 | |
Retained earnings | 16 | 18,192,443,641 | 18,068,917,361 |
Equity attributable to owners of the parent | 32,963,834,510 | 27,762,474,794 | |
Non-controlling interests | 3,506,279,652 | 3,354,033,392 | |
TOTAL EQUITY | 36,470,114,162 | 31,116,508,186 | |
TOTAL LIABILITIES AND OWNERS' EQUITY | 94,875,681,222 | 89,217,700,259 | |
For the six months ended 30 June 2017
Note | For the 6 months ended 30 June 2017 | For the 6 months ended 30 June 2016 | ||
(Unaudited) | (Unaudited) | |||
RMB | RMB | |||
OPERATING INCOME | 2 | 37,523,631,910 | 38,889,899,709 | |
Less: Operating costs | 2 | 32,048,962,179 | 34,594,052,055 | |
Taxes and surcharges | 3 | 568,841,706 | 409,831,779 | |
Selling expenses | 389,061,277 | 332,124,951 | ||
Administrative expenses | 1,486,151,958 | 1,321,654,931 | ||
Financial expenses | 4 | 1,217,604,896 | 439,930,366 | |
Impairment losses on assets | 5 | 237,944,424 | 5,637,118 | |
Add: Gains/(Losses) on changes in fair value | 6 | 570,492,224 | (719,947,740) | |
Investment income /(losses) | 7 | 82,809,279 | (455,916,389) | |
Including: Share of profits of associates and joint ventures | 16,568,302 | 166,791,958 | ||
Other income | 86,860,692 | - | ||
OPERATING PROFIT | 2,315,227,665 | 610,804,380 | ||
Add: Non-operating income | 8 | 88,150,694 | 103,829,667 | |
Less: Non-operating expenses | 9 | 252,211,568 | 97,840,390 | |
Including：Losses on disposal of non-current assets | 163,535,468 | 16,719,346 | ||
PROFIT BEFORE TAX | 2,151,166,791 | 616,793,657 | ||
Less: Income tax expenses | 10 | 388,445,323 | 40,123,348 | |
NET PROFIT | 1,762,721,468 | 576,670,309 | ||
Including: Attributable to owners of the parent | 1,505,399,413 | 538,349,713 | ||
Non-controlling interests | 257,322,055 | 38,320,596 | ||
Earnings per share | 11 | |||
Basic earnings per share | 0.069 | 0.025 | ||
NET OTHER COMPREHENSIVE INCOME AFTER TAX | ||||
Changes in fair value of available-for-sale investments | 60,863,109 | 399,398,705 | ||
Effective part of cash flow hedging instruments | 167,424,343 | (479,355,367) | ||
Exchange differences arising from translation of financial statements denominated in foreign currencies | 217,111,077 | (55,088,302) | ||
Other comprehensive income attributable to owners of the parent | 445,398,529 | (135,044,964) | ||
Other comprehensive income attributable to non-controlling interests | 71,441,399 | (33,995,445) | ||
SUBTOTAL OF NET OTHER COMPREHENSIVE INCOME AFTER TAX | 516,839,928 | (169,040,409) | ||
TOTAL COMPREHENSIVE INCOME | 2,279,561,396 | 407,629,900 | ||
Attributable to: | ||||
Owners of the parent | 1,950,797,942 | 403,304,749 | ||
Non-controlling shareholders | 328,763,454 | 4,325,151 | ||
Zijin Mining Group Company Ltd. published this content on 20 August 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 20 August 2017 11:22:06 UTC.
Original documenthttp://www.zijinmining.com/upload/file/2017/08/20/8a7c98eef9524a9fae6c8844dd2e310a.pdf
Public permalinkhttp://www.publicnow.com/view/85F0ECEE1D89A0F9775D167D88015B5E4119FE38
