CICC Gold: Tonnage Mine Accounts For 80% Of Profits.

In December 10th,

From the end of 2006 to the end of 9 2010, the main business indicators of CICC reached quadrupling in four years.

Among them, gold holdings increased from 58.69 tons to 430 tons, total assets increased from 2 billion 203 million yuan to 13 billion 582 million yuan, sales revenue increased from 5 billion 366 million yuan to 16 billion 582 million yuan, profits increased from 403 million yuan to 1 billion 553 million yuan, and the indexes were 7.33 times, 6.15 times, 3.09 times and 3.09 times of 2006 respectively.

"From the end of 2006 to the end of 2010, the size of the assets of the company and 9

The three quarter report shows that the company's operating income is 16 billion 582 million yuan, an increase of 36.14% over the same period last year, and net profit of 781 million yuan, an increase of 116.94% over the same period last year.

Li Yueqing said that a substantial increase in the company's performance benefited from the increase in gold and its by-product prices and the increase in the production of gold and minerals.

Relying on the advantages of listed companies, CICC has invested resources through the assignee group, acquired the social resources and the resources development framework of the original enterprises to explore and increase reserves, and has occupied resources in many ways and channels, laying the golden resource advantage of CICC in one fell swoop.

Up to now, CICC has 135 mining rights and 1035 square kilometers of mineral rights. After deducting the consumption of four years, the company reserves 430 tons of gold resources, which is 7.33 times the end of 2006.

Li Yueqing said that by the end of 2010, there will be more than 10 mining enterprises with gold production reaching or exceeding one ton at the end of 2010, accounting for 70% of the total gold output of the company, and the profits will account for 80% of the total profits of the company.

Looking forward to the future, Li Yueqing said that the gold industry will be listed as a whole. The company will continue to inject high-quality assets into CICC gold, while prospecting and increasing reserves at the periphery and deep parts of the key gold production areas and key metallogenic belts in China, so as to achieve low-cost expansion.

The government encourages the integration of regional resources based on large state-owned enterprises, which will provide better policy environment and new development opportunities for the company.