Summary by Moomoo AI
Zijin Mining Group Co., Ltd. expects net profit attributable to shareholders of listed companies to be approximately RMB211 billion in 2023, an increase of approximately RMB10.58 million compared to the same period last year, an increase of approximately 5.28% year-on-year. NET PROFIT IS EXPECTED TO BE APPROXIMATELY RMB213 BILLION AFTER EXCLUDING NON-RECURRING LOSSES, A YEAR-ON-YEAR INCREASE OF ABOUT 9.06%. The forecast is based on the company's 2023 mineral production growth, where copper production grew by 11%, gold production grew by 20%, zinc (lead) production grew by 3% and silver production grew by 4%. In terms of market prices, domestic average spot prices of copper, gold, lead and silver increased by 1.3%, 14.7%, and 7.5%, respectively, and zinc prices decreased by 14.4%. The management of the Company has decided not to include in non-recurring loss the capital charge received on borrowings from the joint venture's day-to-day operations from 2023. This results announcement is unaudited by the firm of accountants, and the final data will be based on the audited 2023 report as officially disclosed by the company.