Zhaojin Mining 1818

Re: Zhaojin Mining 1818

Postby winston » Wed Feb 08, 2017 12:17 pm

ZHAOJIN MINING Reportedly Plans to Return to A Shares This Year

Market sources said ZHAOJIN MINING (01818.HK) has hired Credit Suisse Founder to prepare for its A shares IPO this year, and the preparation work of listing is under way recently.

Also, the largest gold enterprise in Russia intends to introduce Chinese investor(s) as strategic investor(s).

Chinese companies including ZHAOJIN MINING intend to cooperate with that Russian enterprise.

Source: AAStocks Financial News
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Re: Zhaojin Mining 1818

Postby winston » Wed Mar 29, 2017 2:01 pm

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ZHAOJIN MINING Places H Shares to Raise Estimated Net Proceeds $1.204B

ZHAOJIN MINING (01818.HK) announced that it placed up to 175 million H shares at $6.93 each (a discount of approximately 7.6% to the closing price of $7.5 per H share as quoted on the Stock Exchange on the last trading day) to not less than six and not more than ten placees.

Estimated gross and net proceeds amounted to about $1.212 billion and about $1.204 billion.

Source: AAStocks Financial News
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Re: Zhaojin Mining 1818

Postby winston » Wed Mar 29, 2017 2:02 pm

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<Result Ann>ZHAOJIN MINING 2016 Net Profit Up 14.7%; Final Div 4 Fen

ZHAOJIN MINING (01818.HK) announced that for the last year as of the end of December, net profit rose 14.7% yearly to RMB353 million.

EPS equaled RMB0.12; a final dividend of RMB0.04 was declared (excluding tax).

Source: AAStocks Financial News
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Re: Zhaojin Mining 1818

Postby winston » Tue Sep 12, 2017 1:58 pm

Aug 21, 2017

not vested

<Result Ann>ZHAOJIN MINING Interim Net Profit Up 55.82%

ZHAOJIN MINING (01818.HK) announced that for the interim period as of the end of June, net profit rose 55.82% yearly to RMB397 million.

EPS equaled RMB0.13; no interim dividend was declared.

Source: AAStocks Financial News
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Re: Zhaojin Mining 1818

Postby winston » Wed Sep 13, 2017 11:10 am

May 2, 2017

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<Research Report>Deutsche Cuts ZHAOJIN MINING Target to $8; 1Q Results Miss Estimates with Weak Gross Profit

Deutsche Bank, in its report, said that ZHAOJIN MINING (01818.HK) 1Q net profit was just 14% of estimates or 18% expectation of other brokers due to weaker margin.

Hence, the research house trimmed the target price to $8 from $8.7.

However, on the back of positive outlook for gold prices. the rating was maintained at Buy.

Source: AAStocks Financial News
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Re: Zhaojin Mining 1818

Postby winston » Mon Jan 15, 2018 11:48 am

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Oct 20, 2017

<Result Ann>ZHAOJIN MINING 1-3Q Net Profit RMB426M, Up 27.3% YoY

ZHAOJIN MINING (01818.HK) announced that the net profit for the first three quarters of 2017 rose 27.3% yearly to RMB426 million, with an EPS of RMB0.13.

Source: AAStocks Financial News
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Re: Zhaojin Mining 1818

Postby winston » Tue Mar 20, 2018 8:46 am

China’s Zhaojin Mining investing in technology to get ‘smart’ in search for gold

The company will spend US$19 million to automate some mines as labour costs rise

Zhaojin’s cash production costs, in which labour is a major component, rose 5.6 per cent last year to US$397.44 an ounce, after surging 5.9 per cent in 2016.

Total costs, which also include materials, fuel and fixed costs such as plant and equipment depreciation, finance and administration, grew just 1.7 per cent last year and 2.5 per cent in 2016.

The company posted an 82.3 per cent jump in net profit to 643.9 million yuan for last year over 2016, thanks mainly to lower income tax expenses after some of its subsidiaries were classed as technology enterprises, granting them favourable tax treatment.

Lower administrative, finance and distribution costs also helped. Pre-tax profit rose 11.1 per cent to 888.2 million yuan.

Zhaojin itself is targeting self-mined output of 620,000 ounces this year – five per cent lower than last year when output fell 0.4 per cent from 2016 – as it cuts output at some projects that encountered ores with lower gold content.


Source: SCMP

http://www.scmp.com/business/commoditie ... art-search
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Re: Zhaojin Mining 1818

Postby winston » Tue Mar 27, 2018 3:13 pm

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March 18, 2018

FINANCIAL HIGHLIGHTS

For the year ended 31 December 2017, the Group’s revenue was approximately RMB6,673,999,000 (2016: RMB6,664,785,000), representing an increase of approximately 0.14% as compared to the previous year.

For the year ended 31 December 2017, the Group’s net profit was approximately RMB754,029,000 (2016: RMB433,519,000), representing an increase of approximately 73.93% as compared to the previous year.

For the year ended 31 December 2017, the basic and diluted earnings per share attributable to
ordinary equity holders of the parent amounted to approximately RMB0.2 and RMB0.2, respectively (2016: RMB0.12 and RMB0.12, respectively), representing an increase of approximately 66.67% and 66.67% respectively as compared to the previous year.

For the year ended 31 December 2017, the profit attributable to owners of the parent was
approximately RMB643,951,000 (2016: RMB353,322,000), representing an increase of
approximately 82.26% as compared to the previous year.

The Board proposed the payment of a cash dividend of RMB0.06 (tax included) per share (2016:
RMB0.04 (tax included)) to all Shareholders.

http://www.hkexnews.hk/listedco/listcon ... 318019.pdf
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