Zijin Mining said that crude oil prices plummeted and the dollar and other international currency exchange rate fluctuations and other factors, cause increased volatility of gold prices, but compared to other metals, gold is still a good investment in the year 2008 defense varieties. Statistics show that the international spot price of gold opened in 2008 in more than 830 U.S. dollars an ounce, during the intense shock, to close at the end of the year about 880 U.S. dollars an ounce, the annual price rise of about 5%, while crude oil and copper futures prices drop more than half.
Under the Access to Information, Zijin Mining in 2008 at the end of the third quarter of the top ten shareholders, only four funds, other financial companies have Baosteel Group, Minmetals Group of financial companies, shareholders and two persons a QFII. And at the end of the year 2008, natural and financial companies have disappeared from the list, the original four funds with only 1, 7 are replaced by a QFII funds and the composition of the new faces.
In 2008, Zijin Mining achieve revenues of about 16.98 billion yuan, an increase of 11%; achieve a net profit of about 3.066 billion yuan, an increase of 20%; 0.22 yuan per share. Distribution program for each cash dividend distribution of 10 shares 1. Zijin Mining to gold sales growth due to the volume and price growth in its sales of gold in 2008 average price of 196.35 yuan / gram, about 893.57 U.S. dollars / ounce, an increase of 16%. At the same time, Zijin Mining to increase annual gold sales of 5.53%.
It is noteworthy that Zijin Mining accounted for a significant proportion of revenue payment processing business in 2008, gross margin reached 0.56%, while in 2008 the company processing the medium-term gross profit margin of only 0.22% of gold in 2007, compared with 0.24 percent. Payment processing operations in the second half of the surge in gross margin, it is clear throughout the year Zijin Mining also have an important supporting performance. However, Zijin Mining without smelting 2008 Product of the 65.96 percent for the overall gross profit margin than the previous year decreased by 1.68 percentage points. Companies consider the year of copper, zinc and other metal prices have eased substantially in the fourth quarter gross margin decreased slightly are the main factors.
