Zijin Mining : (H Share)Announcement on Estimated Operating Results for the First Quarter of 2017
April 18, 2017 at 06:43 am EDT
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Announcement on Estimated Operating Results for the First Quarter of 2017
Zijin Mining Group Co., Ltd.* (the "Company", together with its subsidiaries, the "Group") made this announcement pursuant to the provisions on inside information under Part XIVA of the Securities and Futures Ordinance (Cap. 571) and Rule 13.09(2)(a) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.
The financial data for the first quarter of 2017 contained in this announcement have not been audited by accounting firm. Specific information to be formally disclosed by the Company in its first quarterly report 2017 shall prevail. Investors are advised to pay attention to investment risks.
Estimated operating results for the period
Period of the estimated operating results: 1 January 2017 to 31 March 2017
Details of the estimated operating results:
Based on the finance department's preliminary estimation, the net profit attributable to owners of the listed company for the first quarter of 2017 is approximately RMB1 billion, representing an increase of 1,400% to 1,500% compared with the same period last year.
The estimated operating results for the period are based on the Company's preliminary assessment of its operating condition and have not been audited by external auditor.
Operating results for the same period last year
Net profit attributable to owners of the listed company: RMB63,760,700.
Earnings per share: RMB0.003.
Main reasons for the estimated increase in operating results for the period
It is mainly due to rise of metal prices in the first quarter of 2017 compared with the same period last year, increase in production and sales volume of mine-produced copper and mine-produced zinc compared with the same period last year, and the substantial increase in the Company's non-recurring income.
Other explanatory items
The estimated data disclosed above is only preliminary accounting data. Specific and accurate financial data to be formally disclosed by the Company in its first quarterly report 2017 shall prevail. Investors are advised to pay attention to the investment risks.
The announcement is written in both Chinese and English. In the case of any discrepancies, the Chinese version shall prevail over its English version.
Investors and shareholders are advised by the board of directors to exercise caution when dealing in the shares of the Company.
Fujian, the PRC, 18 April 2017
*The Company's English name is for identification purpose only
Zijin Mining Group Company Ltd. published this content on 18 April 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 18 April 2017 10:43:12 UTC.
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Zijin Mining Group Company Limited is specialized in exploring and mining gold and metal deposits. Net sales are divided by product family as follows:
- gold (45.1%): in particular, gold bars and gold concentrates (319.3 tons produced in 2021);
- copper (24.3%): electrodeposited copper, copper cathode, and copper concentrates (1,205.5 kt produced);
- metal concentrates (3.8%): zinc, tungsten, lead and iron concentrates;
- zinc (2.9%): in particular, zinc bars;
- other (23.9%): sulfuric acid, copper, silver and iron plates, etc.
79% of the net sales are conducted in China.
ZIJIN MINING GROUP COMPANY LIMITED 
