Zijin Mining: Q1 Net Profit Attributable to Parent Company Reaches 20.08 Billion Yuan, Up 97.50% Year-on-Year
Zijin Mining reported a net profit attributable to the parent company of 20.08 billion yuan in the first quarter of 2023, representing a 97.50% year-on-year increase. This growth was primarily driven by continued optimization of production and operational management, along with increased output of mined gold and lithium carbonate. However, mined copper production declined slightly due to reduced equity copper output from the KAMOA-Kakula project. Additionally, rising prices for key metal commodities significantly boosted overall operating performance
Compared to the same period last year, the company's core financial indicators grew substantially, mainly due to: (1) Continuous optimization of production organization and operational management, adhering to full production and sales; output of mined gold and lithium carbonate increased year-on-year, while mined copper production decreased year-on-year due to a decline in equity copper output from the KAMOA-Kakula project; (2) Prices of the company's main metal commodities rose year-on-year, fully releasing price benefits and driving significant improvement in operating performance.
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