Since 1993, the company has been participating in the development of Zijinshan gold mine and striving to build a harmonious enterprise. Through scientific and technological innovation, system innovation and management innovation, it has rapidly developed into a mining company with the most development potential and competitiveness in China, one of the enterprises that control the most metal mineral resources in China, and a national high-tech enterprise.
After more than ten years of hard work, Zijin people have created one miracle after another, and their economic benefits have achieved explosive growth. Assets, sales and profits increased by more than 68% annually.
In 2009, Zijin Mining launched the activity of "learning from Jinshan and reducing costs" within the group company, which further improved the standardized management level of the enterprise, effectively resisted the impact of the financial crisis and showed strong advantages in cost control. In 2009, Zijin Mining achieved a sales income of 20.956 billion yuan, a total profit of 50/kloc-0.90 billion yuan, a net profit attributable to the parent company of 35.4/kloc-0.00 billion yuan, and total assets of 29.646 billion yuan, achieving and maintaining double-digit net profit growth. The company's market value was 5438+3/kloc-0 on June 2009.
The management mode of Zijin Mining keeps innovating, the independent innovation ability is increasing day by day, the production and construction are changing with each passing day, and the information automation management is improving rapidly. Under the guidance of Zijin cultural ideas such as "struggling, pioneering and innovating" and "promoting China and global economic growth with high-quality mineral materials", Zijin people are realizing the grand goal of "super-large international mining group with high-tech benefits".
Wastewater from China's largest gold producer has polluted rivers.
On July 2, 20 10,10, the scattered river fish in Mianhuatan reservoir area in the lower reaches of Tingjiang River died of water pollution. Shanghang County, Longyan City, Fujian Province held a press conference on the afternoon of the same day to inform Shanghang Zijin Mining Group Co., Ltd. of the sewage leakage accident in Zijinshan Copper Mine Wet Process Plant, which caused pollution in Tingjiang River Basin. After testing, the leaked wastewater is mainly acidic wastewater containing copper and does not contain toxic substances. Fujian Province has set up an investigation team to carry out work in polluted areas, and relevant departments are strengthening water quality monitoring and taking measures to deal with the aftermath. On July 3rd, around 0/6, the post staff of Zijinshan Copper Mine Wet Process Plant found that the sewage level in the sewage tank had dropped abnormally, and some wastewater had flowed into Tingjiang River from the spillway culvert below the sewage tank. According to the preliminary judgment, it is due to the abnormal disturbance of the impermeable membrane cushion of the wastewater pool, which leads to the partial damage of the impermeable membrane, and the wastewater seeps into the spillway culvert below the wastewater pool and flows into the Tingjiang River. According to preliminary statistics, the waste water leakage is 9 100 cubic meters.
1 quarter, the company realized operating income of117.72 million yuan, up 28.13% year-on-year; Net profit was 9.265438 billion yuan, down 25.75% year-on-year, and earnings per share was 0.07 yuan. The reason for the increase in the company's operating income is the increase in the sales of gold and copper produced by smelting, processing and trade. In addition, the sales of mineral products such as gold, silver, copper, zinc and iron all increased over the previous year. The reason for the decline in net profit is that the operating cost has increased too fast and the overall gross profit margin of the company has decreased.
20 10 there are obvious signs of recovery in the global economy. China and emerging economies will remain the engines of global economic growth, and the economies of developed countries such as the United States and the European Union will also come out of the trough. In the post-financial crisis era, the potential financial risks have not been fully released, and global inflation expectations and the possible withdrawal of economic stimulus policies have increased the uncertainty of economic growth. China's economy will "promote transformation and structural adjustment" and gradually shift from investment and export to consumption. It is predicted that China's economy will maintain steady growth under the background of moderate inflation. Based on the judgment of the above economic situation, we believe that the gold price of 20 10 will continue to fluctuate at a high level; Investment speculation optimistic about medium and long-term copper prices will also support copper prices, but price fluctuations may increase, and other basic metals generally operate at higher prices. The main economic indicators of the Group may achieve rapid growth.
The company's industry is the basic industry of the national economy and has a strong correlation with the prosperity of the national economy. The cyclical fluctuation of the economy will affect the company's performance. Since the company's main products are denominated in US dollars, changes in metal prices and RMB exchange rate will affect the company's current profits and losses. The Board of Directors drew investors' attention to metal price risk and RMB exchange rate risk.