ZIJIN MINING<02899> - Results Announcement
Zijin Mining Group Co., Ltd. announced on 07/04/2005:
(stock code: 02899 )
Year end date: 31/12/2004
Currency: RMB
Auditors' Report: Unqualified
(Audited )
(Audited ) Last
Current Corresponding
Period Period
from 01/01/2004 from 01/01/2003
to 31/12/2004 to 31/12/2003
Note ('000 ) ('000 )
Turnover : 1,507,679 1,050,529
Profit/(Loss) from Operations : 627,487 433,662
Finance cost : (5,836) (17,129)
Share of Profit/(Loss) of
Associates : 22,655 2,018
Share of Profit/(Loss) of
Jointly Controlled Entities : N/A N/A
Profit/(Loss) after Tax & MI : 417,619 313,906
% Change over Last Period : +33.04 %
EPS/(LPS)-Basic (in dollars) : 0.16 0.16
-Diluted (in dollars) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : 417,619 313,906
Final Dividend : RMB0.1 RMB0.15
per Share
(Specify if with other : N/A N/A
options)
B/C Dates for
Final Dividend : 28/04/2005 to 27/05/2005 bdi.
Payable Date : 23/06/2005
B/C Dates for Annual
General Meeting : 28/04/2005 to 27/05/2005 bdi.
Other Distribution for : N/A
Current Period
B/C Dates for Other
Distribution : N/A
Remarks:
1. Turnover represents the net invoiced value of goods sold, net of trade
discounts and returns.
An analysis of turnover, other revenue and gains is as follows:
2004 2003
RMB'000 RMB'000
Turnover:
Sale of gold bullions 1,396,048 1,009,979
Sale of gold concentrates 56,445 11,972
Sale of iron concentrates 6,027 14,360
Sale of copper concentrates 37,319 5,820
Sale of copper cathodes 20,392 14,896
Others 2,417 524
Less: Sales taxes and levies (10,969) (7,022)
----------------------------
1,507,679 1,050,529
============================
2. The Group's profit from operating activities is arrived at after
charging/(crediting):
2004 2003
RMB'000 RMB'000
Depreciation (note (i)) 101,099 89,313
Amortisation of land use rights 543 305
Amortisation of long term deferred assets
6,465 3,500
Amortisation of intangible assets 13,297 3,112
Research expenditures 21,032 9,309
Minimum lease payments under operating leases on land and buildings
1,146 362
Auditors' remuneration 1,900 856
Staff costs (including directors'remuneration)
Salaries and other staff costs (note (ii))
115,496 53,818
Retirement benefits - defined contribution fund (note (iii))
3,629 3,742
119,125 57,560
3. The calculation of earnings per share is based on the Group's net
profit attributable to shareholders of RMB417,619,000 (2003: RMB313,906,
000) and the weighted average number of 2,628,261,820 ordinary shares (
2003: 1,916,395,676 ordinary shares) in issue during the year.
Diluted earnings per share amounts for the years ended 31 December 2004
and 2003 have not been disclosed as there were no potential dilutive
ordinary shares outstanding during these years.
4. The directors proposed a final dividend of RMB0.1 per ordinary share,
which is calculated based on the net profit from ordinary activities
attributable to shareholders of RMB417,619,000 and the number of ordinary
shares in issue of 2,628,261,820 as at 31 December 2004. For the year
ended 31 December 2003, the final dividend was RMB0.15 per ordinary share
which is calculated based on the net profit from ordinary activities
attributable to shareholders of RMB313,906,000 and the number of ordinary
shares in issue of 1,314,131,910.
|