On October 21, Zijin Mining held a board meeting to review and approve the company's report for the third quarter of 2022. In the first three quarters, the company achieved operating revenue of 204.91 billion yuan, total profit of 24.877 billion yuan, net profit attributable to the parent of 16.667 billion yuan, operating cash flow of 21.948 billion yuan, among which net profit attributable to the parent increased 47.47% year on year.
Since this year the global non-ferrous industry continued to pressure, especially in the third quarter of the company continue to overcome the global outbreak repeatedly, stream of people blocked logistics and commodity prices such as adverse effects, actively organize the production, main products production and sales volume rose, in the company's total profits of 6.3 billion yuan, belong to the mother net profit of 4 billion yuan.
Thanks to the continuous increase in production capacity of the three major world-class copper mines, namely, the Paige copper-gold Upper belt mine in Serbia, Kamoa-Kakula Copper mine in Congo (DRC) and Julong Copper Mine in Tibet, the company achieved 630,000 tons of copper, 41 tons of gold and 300,000 tons of zinc from January to September, and the copper output increased by 55% year on year.
The board of directors also deliberated and approved A series of proposals to publicly issue A-share convertible corporate bonds and to buy back shares through concentrated bidding for employee stock ownership plans or equity incentive plans. Among them, for the particulars of A share buyback to motivate, mainly is the company's plans to repurchase with self-owned capital of no less than RMB 250 million (including) and not more than RMB 500 million (including) the a-shares, used to implement company employee stock ownership plan or equity incentive, following the plan subscription funds will be mainly derived from the company's core management current performance bonus, The implementation of the plan will further mobilize the enthusiasm of the company's management team, core backbone and outstanding employees, and improve team cohesion and competitiveness.
