Summary by Moomoo AI
Zhongjin Mining Co., Ltd. published its Annual Report on the Shanghai Stock Exchange (2023) on the website of the Shanghai Stock Exchange on April 15, 2024. The report shows that the company faces interest rate risks, gold price volatility and increased competition in the gold mining and smelting industry. The directors and senior management of the company signed a written confirmation of the annual report and an audit report was issued by the EY Accounting Office with a standard unreserved opinion. During the reporting period, the net cash flow generated by the Company's operating activities was $1,832,506,761 and net profit was $833,631,959. The Company's main operating activities during the reporting period included the mining and processing of gold products and maintained a certain competitive advantage in the industry. At the end of the reporting period, the Company's total assets were $46,738,256,346, total liabilities were $24,578,812,762, and total shareholders' equity was $22,159,443,584.