Hedging performance of the company’s first half net profit fell nearly 60% barcarolle

The performance of the company dragged Zijin Mining first half net profit fell nearly 60% Sina App: Live on-line blogger to guide you to say stocks contest 60 million – reporter Aman Chang with the first half of the price of gold, the relevant industry net profit also rose sharply, and the performance of Zijin Mining is another scene. Zijin Mining announced the 2016 semi annual report shows that during the reporting period, the company to achieve operating income 38 billion 890 million yuan, an increase of 0.15%, net profit attributable to shareholders of listed companies 538 million yuan, down 59.86%. In this regard, Zijin Mining in the semi annual report this year, the reason why there will be such a situation, mainly the company’s hedging business to hedge the spot proceeds. The main business growth of Zijin Mining according to the introduction, the first half of this year, affected by global central banks monetary easing, a British exit and the Fed rate hike is expected to weaken and other factors, the hedging demand in gold ETF as the leading impetus, the strong performance of gold, at $1062.47 an ounce, up to $1358.59 an ounce, the lowest 1061.79 dollars an ounce, $1321.7 at the end of the end of the first half ounce, higher than the beginning of 24.4%, the average price of $1220.28 an ounce, an increase of 1.18%. Affected by the global economic recovery is slow, prices low volatility, opening $4716 tons, up to $5131 tons, a minimum of $4318 to $4850.5 tons, compared with the beginning of the end of the first half tons, up 2.85%, average price of $4698.34 tons, down 21%. The tightening of supply side support, zinc prices continued to rebound from the lows, opening $1610 tons, up to $2116 tons, a minimum of $1444.5 to $2105 tons, compared with the beginning of the end of the first half tons, up 30.7%, average price of $1794.85 tons, but the year is still down 16%. Zijin mine production of gold in the first half of this year sales revenue of about 4 billion 654 million yuan over the same period last year, the value of approximately 3 billion 739 million yuan, an increase of about 24%; the amount of sales of gold smelting processing and trade in the first half of this year is about 23 billion 49 million yuan over the same period last year, the value of 24 billion 857 million yuan, down about 7.3%. It is understood that the gold business sales revenue accounted for 63.41% of Zijin Mining report period (after the offset), product gross profit accounted for 45.1% of gross margin. In addition, Zijin Mining silver mine, smelting copper production, mining, zinc and other business sales revenue grew. Hedging hedging income despite the overall increase in the main business income, but Zijin mining investment earnings dragged down the company’s performance hind legs. Zijin mining, according to the company’s risk management objectives, in order to maintain a relatively stable operating results, the company expects annual sales of mineral products in accordance with a certain proportion of the amount of hedging. Since the gold price during the reporting period has risen considerably compared with the beginning of the year, hedging has been hedged when the price of the product increases相关的主题文章:

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