Thanks to the rapid development of the new energy industry, the prices of nickel, copper and cobalt increased significantly. In this scenario, Jinchuan Group's performed well last year. According to the New Year congratulatory message disclosed on January 28, Jinchuan Group’s annual revenue in 2022 was 331.5 billion yuan, a year-on-year increase of 25.5%; the total industrial output value was 219.9 billion yuan, a year-on-year increase of 34.9%; the total profit before tax exceeded 18.8 billion yuan and the net profit was 10.5 billion yuan, a year-on-year increase of 35.7%, setting a new high.
After more than 60 years of construction and development, the company has carried out non-ferrous metal mineral resources development cooperation in more than 30 countries and regions around the world. It has nickel production capacity of 200,000 mt, copper 1 million mt, cobalt 15,000 mt, platinum-group metals 10 mt, gold 30mt, silver 600 mt, selenium 200 mt and chemical products 5.6 million mt.
In recent years, cobalt output of Jinchuan International basically remains stable at about 5,000 mt/year. Due to the Kinsenda project, copper production gradually increased and the income of copper business has also increased year by year.
In 2021, the nickel output of Jinchuan ranked third in the world, the output of cobalt ranked fourth in the world, the output of copper ranked fourth in China, and the output of platinum-group metals ranked first in Asia.
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