The purple golden financial analysis of mining industry

Summarize:AssetLiabilityManagementProfitCashProfessionDeveloping strategy it is for road.

1, profit: Before realizing30.35%, is higher than

CompanyAt the beginning of June, have shown , from MayInland5Month rises to begin to levy resource

The occasion golden price2899.HK) the net6.62100 The gold each151.55 Yuan and the 114.19;

In first half2.5100 million1.7The rising30%, worth mainly682010 thousand Yuan1.688100 million890010 thousand

60.809And the unit cost material of this firm of second half of the year will keep in the level of first half of the year, the rate of gross profit need to regard Hu golden price tendency, go up because golden price is each1%, its gross0.6%To0.7%.

But the succinct gold business gross60.23%, fall38.3%, the purple golden financial inspector general of mining industry week Zheng first expression, if deducting the succinct gold product of the lower rate of gross profit, in first half of the year, rate is overall gross profit69.5%, exceed than9Percentage. Quantity is375Ton.

60.33 thousandThe group overall54.7% falls to 48.5%, reason is group position, gross profitPresent group62%, but process, Chen Jing He explainsBut increasing process proportion, is helpful

Produce 15.266 tons of minerals gold in purple golden last year of 60.414 thousand of mining industry , take the 8.55% of nation-wide minerals golden amount. Nation-wide gold enterprise realizes profit total to realize profit( deduct the product profit besides gold) 903.53 million Yuan for 4,036.2 million Yuan and purple golden mining industry , takes the 22.39% of nation-wide gold enterprise profit total. Company's minerals golden comprehensive cost is the / g of 57.19 YuanCost control is in leading position,

2, make investment:1910021100 million16100 million31005100 million Yuan, week810010The increase1Time is used.

60.808In first half of679.974Ounce and more1.8Time. Output1.3Time,18.821Ton.

60.812Recently, the purple2006Annual first half of21.15Ton increases183.66%, in which,9.46Ton, copper1.8810 thousandRealize39.49100 million2005In year,268%, group realizes11.06100 million6.62100 million100.06%. Company's achievement increase considerably, benefit in the raising of the increase of copper output and gold and the metal minerals article prices such as the copper and gold of first half of the year. As we have learned, in purple golden first half of the year of mining industry, minerals golden output takes nation-wide minerals golden output12.24%, before realizing30.35%, is higher than

60.809The secondThe - - purple golden group Joint Stock Limited

Purple golden mining industry is expressed

Company has shown at the beginning of June, from May 1 of this year, flag next purple Jinshan gold mine and Hui spring golden mine resource tax considerably go up tune, for company net profit influence.

Since U.S. dollar is tired and weak , in this year golden price climbs constantly to rise , in May, golden price has risen more than each ounce of 700 dollars. Geting golden price go to winner to drive , up to last Friday receipt city, since this year, purple golden share price goes up considerably to exceed 1.4 times.

60.809Purple( 2899)Receive in golden1TimePurple golden chairman of the board Chen Jing He of mining industry expects that the golden price of second half of the year maintains Gao Qi, and the business expression of this firm will be better than first half of the year, and expect this firm9Month will implement.
Purple golden chairman of the board Chen Jing He of mining industry expresses yesterday on achievement letter cloth meeting that expected influence will not occur major change in golden price short period , extends meeting Gao Wei to run , the gold average price of this firm of first half of the year is each g152U.S. dollar,166U.S. dollar,160U.S. dollarAnd the unit cost material of this firm of second half of the year will keep in the level of first half of the year, the rate of gross profit need to regard Hu golden price tendency, go up because golden price is each1%, its gross0.6%To0.7%.

Gold store375Ton
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Geting golden price and1Time,6.62100(RMB is)But the succinct gold business gross60.23%, fall38.3%, the purple golden financial inspector general of mining industry week Zheng first expression, if deducting the succinct gold product of the lower rate of gross profit, in first half of the year, rate is overall gross profit69.5%, exceed than9Percentage. Quantity is375Ton.

Chen Jing He claims that this9Month can have project2To3A project is copper field mainly. Overseas purchases aspect to include purchase stock and would not reveal with cooperative form as to goal region, Wei, if get large scale project, will adopt the methods such as market financingBut preliminary, operational fund is sufficient60%.

銆€銆€Expense is1910021100 million16100 million31005100 million Yuan, week810010The increase1Time is used. Is other,5Month rises to begin to levy resource

60.809The occasion golden price2899.HK) the net6.62100 million Yuan( RMB,39.49100 million2.67Time; It0.063It is first,In purple golden first12.24% realizes the former tax profit of
Purple golden chairman of the board Chen Jing He of mining industry expresses on the achievement explanation session of yesterday that hopes to extend the internationalization market of mining industry, and hope can when9Month around for a few of projects31005100 million Yuan now comes to see , group internal resource deals with this purchase enough, however if have large scale purchase, also do not remove to pass through various channels , include in capital market again financing raises fund.
Chen Jing He expresses166U.S.Is higher than152U.S. dollar is influencedThe golden price
Information shows , it is lower to be fertilized to refine the gold rate of gross profit and the iron concentrate rate of gross profit reduces influence, rate is the purple golden gross profit of first half of the year38.3%, the same60.23% is decliningChen Jing He claims ,41.54Yuan49.65It is first, but as mining the increase of quantity, in purple golden second half of the year, the expectation of gross profit can increase. Purple golden financial inspector general week Zheng first expression, golden price each rising1%, purple golden0.6%-0.7%.
Though net profit2.625%, analystInternational41%, wrinkle has been, purple golden1.8HKD liter4.08HKD amounts1.267Time.And only the rate of gross2.54100 million170510 thousand Yuan ),682010 thousand Yuan,1.69The groupIt is very normal that

60.809In purple golden2.7Time, in issue,1.5Time, unit32.7%.
60.809In first half of6.621100 million Yuan. Achievement increase60.23%Fall38.3%, since it refines the gross profit
In first half2.5100 million1.7The rising30%, worth mainly682010 thousand Yuan1.688100 million890010 thousand

銆€銆€In first half of679.974Ounce and more1.8Time. Output1.3Time,18.821Ton.

. Is other,5Month rises to begin to levy resource

The purple golden
The purple golden plan of mining industry will still enlarge existing golden mine and copper mine produce can, in which, include purple Jinshan golden copper mine and Afghan to give up to rein copper mine.

60.808He shows , from before in country early have begun Zhi receipt resource tax, reason will make company pay every year to increase ten millions of first RMBs , but will not have related new tax item again in expected second half of the year to enact.

60.808Purple Announce6The endThe overall60.23%Fall38.3%It is lower(The first0.76%, last0.56%), the iron concentrate

The gold rate63.6%Liter67%; The golden concentrate37.%Liter60.7%; Iron52.5%Fall48.6%; Copper57.3%Liter80.5%; The48.7%Liter69%; Zinc 30%Fall14.5%.

60.808 thousand so far year the end of9,463 minerals, accordingSmelt the golden; Produce 18.8 thousand tons of copper , increase 1.3 times according to year, 209 thousand tons of iron concentrate increases 2.1 times according to year, zinc concentrate contains 6,865 zinc ton; In issue, group realizes the 3949 million Yuan of sales revenue( RMB, same below) , increases 2.7 times according to year.

銆€銆€The gold each151.55 Yuan and the 114.19; Golden concentrate125.42 Yuan, the same period of last year 93.07 Yuan liter 34.8%; Iron concentrate 305.28 Yuan, the same period of last year 299 Yuan liter 2.1%; 37,975 copper concentrate Yuan and the same period of last year are that 18,803 Yuan increases 1 times; In issue, the average price of the copper of negative pole is 49,974 first / ton, the 2 of last year of the same period, the liter 78.9% of 7936 Yuan; Sell Yuan to 13,545 in average in zinc concentrate first half of the year.

60.808The:What is more meaningful than these statistical17The purple2899.HK) when success mines the purple Jinshan mine with local Fujian afterwards, begin to have selectivity land carry out region expansion, purchase those mines of low grade in the places such as Guizhou, Jilin and Xinjiang with lower cost, rely on it is excellent to mine technology and advanced choose Ye technology, quick from a county level enterprise grows up the oldest gold manufacturer in China, and have gotten higher profit , is recent3In year, its average39%.

60.808Sales revenue increases

8Month8Japan and the purple2006Annual first half of21.15Ton increases183.66%, in which,9.46Ton, copper1.8810 thousand39.49100 million2005In year,268%, group realizes11.06100 million6.62100 million100.06%. Company's achievement increase considerably, benefit in the raising of the increase of copper output and gold and the metal minerals article prices such as the copper and gold of first half of the year. In purple golden first half of the year of mining industry, minerals golden output takes nation-wide minerals golden output12.24%, before realizing30.35%, is higher than profession

The purple goldenInformation Quotations Forum) announce , up to this year till the end of June in first half of the year, it manages cost to reach 250 million Yuan( RMB, same below) , the liter 30% of 170 million Yuan of last year of the same period, worth mainly because the futures of group are protected have leveled 6,820 storehouse loss 10 thousand Yuan, holding storehouse business idea have mentioned the group of 169 million Yuan Bei, influence approximately 8,900 net profit 10 thousand Yuan.

UpThe end of June, group on hand cash 1170 million Yuan. Purple golden mining industry is expected , in the second half of this year, international gold market extends maintenance to dull and higher price and copper mine are possible to return tune, but basic metal price will keep high price

60.808Dow)Though, in first half of theBut limit profitCompensate for enough to sell the wrinkle of profit; Zuo receipt HK$ 4.19, liter 1.7%. Up to this year at the end of June, purple golden record gets the mid-term RMB 662 million Yuan of net profit and the increase 1 times of last year of the same period; Each profit 0.063 Yuan, keep do not send mid-term breath. In issue, turnover rising 2.7 times is to 3949 million Yuan , but the rate of gross profit reduces near 22 percentage point to 38.5%; Managing to overflow sharp increasing rate only 1.2%, it is to 1139 million Yuan. With market, the forecast 1490 million Yuan of common recognition for annual profit( half for 745 million Yuan) sums , mid-term net profit still omits Xun.

60.607Recently, the State Administration5Month1Day rises to go7The rock golden1Time

I provincePurple2899.HK ), get, under flag, two golden mines1 times rises respectively from each

60.414March 30, the purple golden group Joint Stock LimitedThe company's achievement of 2005 years. Last year, the purple golden gold output of mining industry is 20.961 thousand kgs , increases 60.67% than last year; Realize the 3,036.22 million Yuan of sales revenue( RMB, same below) , increase 101.38% than last year; Realize profit total 1,133.8 million Yuan and net profit 703.6 million Yuan , increase 68.49% than last year; It is each( the stock /).

Now, purpleFinancial situation is good, asset liability rate. Company's board of directors suggests , have published capital stock with the end of 2005 years 5,256.52364 million is base number, each bonus 0.08 Yuan( style breath rate 59.76%) at the same time turns with common reserve funds to increase capital stock , each 10 turn to increase 10. According to the report, this is company continuous 3 years each 10 turn to increase 10, turning the total capital stock after increases is 10.51304728 billion , appear on the market in December 2003 in Hong Kong 8 times.

Since purple golden mining industry appeared on the market , the gold of major product and the other outputs of nonferrous metal last with higher speed increase, together with the price of golden price and minerals article, it is high to go continuously, company by business Ji remarkable raising, company's value has gotten the extensive approval of investor. NowCompany's market deliversShare price steadilyCompany's stock closing price is each HK$ 4.625,.

Since the current economy of our country is in the state of continued high speed development, is more and more for the demand of mineral raw material, purple golden mining industry grasps this opportunity tightly, accelerate in the domestic purchase of the field of mining industry and take over pace, add the quality exploration input of the earth, company's mine right area and resource control quantity enlarge constantly. At the same time, company raises level of management constantly , strengthens technical research , makes economic benefits increase apparently, enterprise scale has realized fast expansion.

Up to the end of 2005 years, according to the calculation of rights and interests, the metal resource quantity / reserves possessed are purple golden mining industry: 375 tons of golds, 6250 thousand tons of coppers, Mu 214.8 thousand tons, 650 thousand tons of zincs, 100 thousand tons of tins, the 226 million tons of stone of iron mine, 400 million tons of coals. Company's control goes prospecting 144 rights, mine right area is 5231 square kilometers, than last annual the same period, it is many to have increased 2.2 times.

In 2005, purpleOverseasPace, in August investing 1950 thousand to add first success take the post of the Canadian peak company of mining industry( Toronto stock company) , become the first big shareholder of this firm. At the same time, purple golden mining industry is in Mongolia and is Burmese to have developed risk exploration project cooperation, have steped the first step of internationalization development. Now, company is just in South America , is African, Asian, develop project research with the places such as Australia, have made certain progress.

Show according to Chinese gold association information, 2005, nation-wide symbiosis produces 224.05 tons of gold, 178.556 tons of minerals gold. Produce 15.266 tons of minerals gold in purple golden last year of mining industry , take the 8.55% of nation-wide minerals golden amount. Nation-wide gold enterprise realizes profit total to realize profit( deduct the product profit besides gold) 903.53 million Yuan for 4,036.2 million Yuan and purple golden mining industry , takes the 22.39% of nation-wide gold enterprise profit total. Company's minerals golden comprehensive cost is the / g of 57.19 YuanCost control is in leading position,.

Basis world famous website www of mining industry, Goldsheetlinks, com for world the major company's gold of mining industry of 2005 years the ranking of output shows , it is 2 that the 20th position of the purple golden house of mining industry has gone up than 2004.

60.33 thousandPurple(Information Quotations Forum) chairmanLast year, the group overall rate of gross profit is reduced by 54.7% to 48.5%, reason is group position in the gold processing enterprise of Henan Luo the business income of positive silver brightness is greater, gross profitPresent group since produce, Chen Jing He explainsBut increasing process proportion, is helpful

銆€銆€Additionally,5.4 times is delivered mainly to the.

Chen Jing He showsAround 40%, belong to

In this year of 60.33 thousand, gold output goal reaches 40 tons , increases 90.8% according to year, 20 tons of mining golds, process 20 tons of golds; 32 thousand tons of copper output, according to year, increase 61%; Iron concentrate goal 500 thousand, press annual liter 42.9%.

The purple golden mining industry of 50.811 thousand( 2899) announces till the end of June the achievement of half a year, the 331 million Yuan of net profit and the same period of last year increase 36.94%; Each profit 0.063 Yuan does not send to cease.The turnoverThe liter of 734

The purple golden miningIn first half of the year, group profit increase increases mainly because of the main outputs such as gold, in issue, gold output is as high as 5798 kgs, the liter 22.7% of last year, produce copper also rise than the same period of last year 50%, reach 990 tons;In which, the places such as west invest in project to produce gold of 832 kgs , ask 617% than the rising of last year of the same period, purple Jinshan golden mine produces gold of 4969 kgs , ask 6% than the rising of last year.
Purple gold watch shows , in first half of the year, the cash that group operation campaign produces flows completely into volume to be 272 million Yuan( RMB, same below), than the rising 30.5% of last year of the same period, reason is price increase and the gold sales volume in issue, and the annual inside of holding company divides project to go into operation , increases the sales revenue of the copper concentrate, golden concentrate and iron concentrate and copper of negative pole recently