Zhaojin Mining 1818

Re: Zhaojin Mining 1818

Postby winston » Thu Dec 05, 2013 3:56 pm

<Result Ann>ZHAOJIN MINING (01818.HK) 1Q-3Q net profit down 55%
Oct 29, 2013

ZHAOJIN MINING (01818.HK) announced that for the three quarters as of the end of September, the operating revenue fell 26% yearly to RMB3.659 billion; net profit fell 55% yearly to RMB503 million, representing EPS of RMB0.17, against RMB0.39 in the year-ago period. No dividend was declared.


Source: AAStocks Financial News
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Re: Zhaojin Mining 1818

Postby winston » Mon Mar 24, 2014 8:10 am

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Gold fall dulls miner

Net profit of Zhaojin Mining Industry (1818) fell 61.80 percent last year to 734 million yuan (HK$914.6 million) from 2012 amid a sharp fall in gold prices plus higher operating costs.

Still, a 10-fen final dividend was proposed versus 24 fen a year earlier.

The Shangdong-based gold miner also saw revenue drop 16.6 percent to 6.34 billion yuan, despite a 4.2 percent rise in total gold output. The international gold price took the greatest fall for 30 years in 2013, the firm noted.

Its gearing ratio, a measure of net debt, jumped to 50.9 percent from 33 percent in 2012 as total outstanding borrowings hit 6.45 billion yuan due to resource acquisitions and capital expenditure. But the ratio is reasonable because of expansion, the firm insisted.

Zhaojin Mining will invest 985 million yuan this year in 34 projects compared to 1.5 billion yuan in 2012.

Source: The Standard HK
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Re: Zhaojin Mining 1818

Postby winston » Tue Mar 25, 2014 6:53 pm

Zhaojin Mining Industry (1818 HK)

2013: Sustained Gold Production Growth Outlook With Upside On Further Gold Price Recovery

Positive surprises from Zhaojin’s 2013 earnings – a 15% yoy increase in gold resources at low prices and resilient gold production growth.

After major upgrades at mines and smelting facilities in 2013, Zhaojin cuts its 2014 capex by 42% but still guides production growth at 10% in 2014, flat yoy.

The strong gold production growth outlook helps offset higher production cost. Higher-than-expected gold price increase is a positive earnings catalyst.

Maintain BUY. Target price: HK$7.80.


Source: UOBKH
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Re: Zhaojin Mining 1818

Postby winston » Wed Mar 26, 2014 7:54 pm

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ZHAOJIN MINING (01818.HK) kept Underperform, target reduced to $4.4 - CS
2014-03-26

Credit Suisse said in a report that ZHAOJIN MINING (01818.HK) -0.020 (0.426%) Short selling $3.10M; Ratio 15.044% 's 2013 profit was 6% lower than expected, partially due to the decline the average selling price of gold.

The broker reduced the company's EPS forecasts for 2014-15 by 13% and 4% to RMB0.19 and RMB0.23.

The Underperform rating was unchanged.

Source: AAStocks Financial News
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Re: Zhaojin Mining 1818

Postby winston » Fri Apr 11, 2014 6:47 pm

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ZHAOJIN MINING (01818.HK) reportedly carries out illegal mining in Shanxi
2014-04-11

ZHAOJIN MINING (01818.HK) -0.160 (3.131%) Short selling $1.61M; Ratio 6.943% carried out exploitation activities in Quwo County in Shanxi province without obtaining a land certificate, exploration licence and mining permit, Time Weekly reported, citing the director of the local land bureau.

Local residents disclosed that the company not only barricaded the road, but also carried unknown goods down from the mountain by heavy trucks.

Source: AAStocks Financial News
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Re: Zhaojin Mining 1818

Postby winston » Sun Aug 17, 2014 7:39 pm

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INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 30 JUNE 2014

During the Period, the revenue amounted to approximately RMB2,845,195,000, representing an increase of approximately 20% as compared to the corresponding period of last year.

During the Period, the net profit was approximately RMB310,183,000, representing a decrease of approximately 4% as compared to the corresponding period of last year.

During the Period, the profit attributable to owners of the parent amounted to approximately RMB324,101,000, representing an increase of approximately 8% as compared to the corresponding period of last year.

During the Period, the basic and diluted earnings per share attributable to ordinary equity holders of the parent was approximately RMB0.11, representing an increase of approximately 10% as compared to the corresponding period of last year.

The Board does not recommend payment of interim dividend for the six months ended 30 June 2014.
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Re: Zhaojin Mining 1818

Postby winston » Tue Aug 19, 2014 11:10 am

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1H14: In-line Results; Sustained Production Growth Outlook With Cost Pressure

Zhaojin’s 1H14 results are in line with market expectation but below our estimates, due mainly to higher-than-expected cost of production and finance cost.

Looking ahead, the increasing contribution from non-Zhaoyuan mines will sustain its long-term production growth of around 10%. That said, cost pressure is increasing from high-cost non-Zhaoyuan mines.

Better-than-expected cost control will be a positive surprise.

Maintain BUY with DCF-based target price revised down to HK$5.90.

Source: UOBKH
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Re: Zhaojin Mining 1818

Postby winston » Fri Sep 12, 2014 2:41 pm

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<Research Report>ZHAOJIN MINING (01818.HK) upgraded to In-Line, target lifted to $4.57 - Stanchart
Aug 21, 2014

Standard Chartered, in its latest research report, upgraded ZHAOJIN MINING (01818.HK) from Underperform to In Line, to reflect the satisfactory cost control and favorable gold price trend.

The target price is raised from $4.16 to $4.57.

The forecast 2015 gold price of the Bank's commodities research team is US$1,300 per ounce. ~

Source: AAStocks Financial News
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Re: Zhaojin Mining 1818

Postby winston » Fri Sep 12, 2014 2:43 pm

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<Result Ann>ZHAOJIN MINING (01818.HK) interim net profit up 8.2%
Aug 18, 2014

ZHAOJIN MINING (01818.HK) announced that for the interim period as of the end of June, the net profit rose 8.2% yearly to RMB324 million, representing EPS of RMB0.11.

No interim dividend was declared.

During the period, the turnover rose 19.99% yearly to RMB2.845 billion; gross profit fell 1.14% yearly to RMB1.030 billion; gross profit margin fell from 43.94% in the year-ago period to 36.2%. ~

source: AAStocks Financial News
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Re: Zhaojin Mining 1818

Postby winston » Thu Oct 30, 2014 6:16 pm

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ZHAOJIN MINING (01818.HK) net profit RMB410M in Jan-Sep

ZHAOJIN MINING (01818.HK) -0.030 (-0.709%) Short selling $1.50M; Ratio 21.257% announced that for the financial data as of the nine months ended 30 September 2014, the company recorded a net profit of RMB 408 million, representing a year-on-year decrease of 18.7%.

EPS was RMB 0.14.

Source: AAStocks Financial News
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