On the evening of March 22, 2023, Zijin Mining released a remarkable annual performance report, showing the company's strength in maintaining a strong growth momentum against the backdrop of slowing global economic growth and shrinking profits in the mining industry. The report shows that the company's 10-year development plan continues to push forward vigorously, and the main mineral products continue to increase, especially the production of mineral copper has reached an astonishing 1.01 million tons, which makes Zijin Mining become the only enterprise in Asia that has broken the one million mark of mineral copper.
Looking back on the past year, Zijin Mining has made remarkable achievements in many aspects. In addition to the breakthrough in mineral copper production, the company also achieved solid growth in revenue, profit and cash flow. For the whole year, the revenue was 293.4 billion yuan, the net profit returned to the mother was 21.1 billion yuan, and the net operating cash flow was 36.9 billion yuan, up 9%, 5% and 29% respectively. This series of digital growth not only reflects the strong momentum of the company's business, but also highlights its sound financial position and excellent operational capabilities.
It is worth mentioning that Zijin Mining's high growth and strong execution of strategic goals have given the market a new definition of the company's value. At the end of last year, the company's A-share and H-share share prices rose 27% and 23% respectively from the end of the same period last year, and the total market value of the company further increased by more than 400 billion yuan this year, ranking the 22nd A-share listed company and the sixth global mining enterprise. This series of achievements and honors is not only an affirmation of Zijin Mining's hard work in the past year, but also a great encouragement for its future development.
In today's increasingly fierce competition in the global mining market, Zijin Mining can achieve such an impressive performance, it is not easy. This report card not only highlights the company's strong production capacity and market competitiveness, but also reflects its continuous innovation and the pursuit of excellence of the enterprise spirit. Especially in the key field of mineral copper, Zijin Mining's breakthrough has not only brought rich economic returns to the company, but also made positive contributions to the stable development of the global mining market.
