2019 INTERIM REPORT
目 錄
2
3
25
31
33
35
37
39
68
公司資料
15
3205 3207
32
10
100125
8
18
H
183
17 1712-1716
2000
3
26
40
4009-4010
01787
(ACIS, ACS) 600547
http://www.sdhjgf.com.cn
2 山東黃金礦業股份有限公司
管理層討論與分析
26,018.6 19.89% 31,194.7
24,015.0 20.77% 29,003.6
2,003.6 9.36% 2,191.1
7,696.8 9,901.8
(1) 2,062.4
(2) 688.3 (3)
953.5
10,834.8 6,483.8
2,891.2
(a)
(b)
218.1 4.35%
2019中期報告 3
管理層討論與分析
13,000,000 100.0 1,300.0
4.80% 4.94%
688.3
3.64% 4.79% 5,609.4
10.0
3.85%
6.4
3.6 12
(i) 740.0 (ii)
300.0 LIBOR 1.25%
LIBOR 1.23% H
4,506.1
1,830.7 1,824.1
(2,097.0) (1,417.2)
1,219.0 (217.5)
952.7 189.4
0.7 1.4
2,891.2 2,593.6
4 山東黃金礦業股份有限公司
管理層討論與分析
1,830.7
2,289.5 473.9 15.1
2,097.0
1,888.5 53.4
1,219.0
1,825.0 178.7
4,765.6 1,355.0 4,251.9
569.0
40,034.3 36,954.4
8,202.1 6,775.6
22,131.0 16,967.4
1,936.1 1,052.6
6,065.5 11,885.1
18,103.9 13,825.8
9,901.8 7,049.2
30,132.5 29,905.2
2019中期報告 5
管理層討論與分析
566.0
8%
500.0
14.07(1) 8%
7,514,905,000 6,432,174,000
24,067,076,000 23,636,678,000
31.2% 27.2% 60.3% 54.5%
6,438,726 4,827,670 (4,265,882) 7,000,514
6,438,726 4,827,670 (4,265,882) 7,000,514
6 山東黃金礦業股份有限公司
管理層討論與分析
18
2019中期報告 7
管理層討論與分析
180.68 9.60
5.05% 153.89 4.78%
73.11 3.19% 47.51%
3.67
20.51 5.77%
8 山東黃金礦業股份有限公司
管理層討論與分析
1/4 90%
100%
206 70
1,000 330
2019中期報告 9
管理層討論與分析
40
20.51 5.77% 482.36
26.25 5.76% 241.69 21.94 9.99%
50.10% 1.92 221.31
4.18 1.93% 311.95 51.76
19.89% 21.91 0.19 9.36% 0.29
6.45% H
10 山東黃金礦業股份有限公司
管理層討論與分析
100%
12
2019中期報告 11
管理層討論與分析
1,382 0.68 0.05% 757
61 8.74% 624 62 8.98%
1.55g/t 0.07g/t 4.23% 2.21g/t
0.75g/t 0.22g/t
91.88% 0.06 0.06% 75.15%
2.62 3.59%
12 山東黃金礦業股份有限公司
管理層討論與分析
2019中期報告 13
管理層討論與分析
51.2
[2005]62
[2016]45
[2016]35
[2016]76 [2017]65
14 山東黃金礦業股份有限公司
管理層討論與分析
42.4
24.4
17.9 [2005]62 25.7
1.3 6.4
6.4 14.7 17.7
0.2
47.06%
30
676.7 16 56.7
FML 49.53% 65%
100,000,000 160,000,000
14.00% 155
2019中期報告 15
16
管理層討論與分析
山東黃金礦業股份有限公司
1 11.43 1
2 0.972 2
3
4 85.54
2023
5 19.37 1
6 1
7 2
8 2.00 2
9 2
10 0.22 2
11 382.58 1
2019中期報告
17
管理層討論與分析
18
12 133.14 1
管理層討論與分析
山東黃金礦業股份有限公司
13 2
14 3.86 1
15 3.6 1
16 0.57 1
17 0.83 2
18 1.48 1
19 10.04 1
20 2
21 0.86 2
22 1
23 1
24 2.27 2
2019中期報告
19
管理層討論與分析
20
25 2.78 2
管理層討論與分析
山東黃金礦業股份有限公司
26 2
27 12.94 2
28 1.67 2
29 0.56 2
30 2
676.7
1 2020
2 2023
1 1.58 1
2 1.49 1
3 0.75 1
4 0.92 1
5 4.64 1
2019中期報告
21
管理層討論與分析
22
6 6.32 1
管理層討論與分析
山東黃金礦業股份有限公司
7 3.94 1
8 1.71 1
9 7.39 1
管理層討論與分析
1
1
5.49
1.8
10
11
2019中期報告 23
24
12 6.24 1
管理層討論與分析
山東黃金礦業股份有限公司
13 9.83 1
14 1.55 1
15 2.15 2
16 0.126 2
11.02
56.7
1 2020
2 2023
其他資料
336
XV 2 3
(1)
A 831,933,836 44.80% 37.58%
(2)
A 210,052,107 11.31% 9.49%
A 99,424,515 5.35% 4.49%
(3)
A 99,424,515 5.35% 4.49%
Barrick Gold Corporation H 63,942,000 17.92% 2.89%
1 (4)
H 60,637,000 16.99% 2.74%
(4)
H 57,078,000 15.99% 2.58%
(4)
H 57,078,000 15.99% 2.58%
(4)
H 57,078,000 15.99% 2.58%
(4)
H 57,078,000 15.99% 2.58%
2019中期報告 25
其他資料
(5)
H 39,300,000 11.01% 1.78%
China Credit Trust Co., Ltd. (6)
H 20,407,250 5.72% 0.92%
(6)
H 20,407,250 5.72% 0.92%
(6)
H 20,407,250 5.72% 0.92%
(1) 100,000,000
160,000,000 11.74%
155
(2) 210,052,107 A 99,424,515 A 71,932,142 A
20,979,020 A 16,054,672 A
1,661,758 A
95.65%
(3)
(4)
38.2%
58.0%
1
601398 1398
(5)
75.8%
China Credit Trust Co., Ltd. 40.0%
XV 2 3
10%
336
26 山東黃金礦業股份有限公司
其他資料
XV
XV 7 8
352
(1)
A 152,098 0.0082% 0.0069%
(2)
A 131,818 0.0071% 0.0060%
(1) 152,098
(2) 131,818
352
5,245.7
4,618.8
4,537.4 4,506.1
28.0 2.2 1.0
81.5
16,048 16,032
1,450.1
1,004.9
2019中期報告 27
其他資料
84
14.30 128 11,645,629
166,532,494.70 36
0.53%
17
13.51B (1)
(i)
13.51B(1)
28 山東黃金礦業股份有限公司
其他資料
H
H H
20%
2019中期報告 29
其他資料
100% 2,272.3
100.0
2,214,008,309 0.1
221,400,830.90
885,603,323 3,099,611,632
A
H
30 山東黃金礦業股份有限公司
中期簡明合併損益表
3 31,194,662 26,018,565
(29,003,607) (24,014,955)
2,191,055 2,003,610
5 3,209 1,065
(73,642) (19,223)
(661) 1,808
(17,501) (14,353)
(736,289) (575,030)
(147,948) (79,711)
22,769 19,633
15,089 17,575
(314,616) (433,585)
941,465 921,789
6 (231,955) (308,870)
709,510 612,919
631,967 575,290
77,543 37,629
709,510 612,919
9 0.29 0.31
9
2019中期報告 31
中期簡明合併損益表
709,510 612,919
– (49)
8,593 330
8,593 281
718,103 613,200
640,560 575,571
77,543 37,629
718,103 613,200
32 山東黃金礦業股份有限公司
中期簡明合併資產負債表
10 23,962,837 23,082,902
516,720 –
210,393 216,570
– 340,242
12,124,455 12,234,123
1,179,095 1,177,325
1,059,914 1,037,144
2,000 2,000
325,337 269,223
11 156,597 142,704
496,961 528,820
40,034,309 39,031,053
4,038,104 3,352,927
12 1,019,989 1,058,192
20,218 30,284
232,585 201,515
2,891,214 1,937,718
8,202,110 6,580,636
14 4,435,602 3,883,042
136,096 258,449
15 6,483,798 3,685,352
16 7,000,515 –
36,616 –
– 11,913
11,263 6,438,726
18,103,890 14,277,482
(9,901,780) (7,696,846)
30,132,529 31,334,207
2019中期報告 33
中期簡明合併資產負債表
15 1,031,107 2,746,822
70,636 –
11 3,991,782 4,097,447
31,737 12,186
878,179 779,061
62,012 62,013
6,065,453 7,697,529
17 2,214,008 2,214,008
(6,385) (6,385)
9,088,516 9,080,984
10,834,844 10,424,278
22,130,983 21,712,885
1,936,093 1,923,793
24,067,076 23,636,678
34 山東黃金礦業股份有限公司
中期簡明合併權益變動表
2,214,008 (6,385) 9,080,984 10,424,278 21,712,885 1,923,793 23,636,678
2,214,008 (6,385) 9,080,984 10,424,278 21,712,885 1,923,793 23,636,678
– – – 631,967 631,967 77,543 709,510
– – 8,593 – 8,593 – 8,593
– – 8,593 – 8,593 – 8,593
– – 8,593 631,967 640,560 77,543 718,103
– – – (221,401) (221,401) – (221,401)
– – – – – (65,261) (65,261)
– – (1,061) – (1,061) 18 (1,043)
– – (1,061) (221,401) (222,462) (65,243) (287,705)
2,214,008 (6,385) 9,088,516 10,834,844 22,130,983 1,936,093 24,067,076
2019中期報告 35
中期簡明合併權益變動表
1,857,119 (6,385) 4,905,879 9,710,812 16,467,425 1,026,341 17,493,766
– – – 575,290 575,290 37,629 612,919
– – (49) – (49) – (49)
– – 330 – 330 – 330
– – 281 – 281 – 281
– – 281 575,290 575,571 37,629 613,200
– – – (73,466) (73,466) – (73,466)
– – – – – (9,798) (9,798)
– – (2,265) – (2,265) (1,483) (3,748)
– – 173 – 173 (52) 121
– – (2,092) (73,466) (75,558) (11,333) (86,891)
1,857,119 (6,385) 4,904,068 10,212,636 16,967,438 1,052,637 18,020,075
36 山東黃金礦業股份有限公司
中期簡明合併現金流量表
709,511 612,919
231,955 308,870
314,616 433,585
(15,089) (17,575)
(22,769) (19,633)
1,085,598 986,668
27,138 –
661 (1,808)
– 5,455
236,147 303,773
6,323 5,181
5,653 8,496
73,688 24,925
(672,739) (188,135)
360,469 (201,552)
(319,317) (6,892)
(106,835) 108,193
215,201 (278,064)
40,929 88,449
19,551 (606)
98,829 (384)
2,289,520 2,171,865
15,089 17,575
(473,866) (365,357)
1,830,743 1,824,083
2019中期報告 37
中期簡明合併現金流量表
– 6,221
(1,888,483) (1,845,655)
(42,264) –
(82,312) (54,879)
– (8,202)
526 11,281
(53,438) (65,111)
(31,069) 539,146
(2,097,040) (1,417,199)
– (103,609)
(65,261) (3,133)
– (3,748)
1,824,964 2,335,711
(1,354,952) (1,122,976)
(12,510) –
(197,882) (207,008)
178,720 1,102,600
(569,000) (919,300)
4,765,558 4,318,665
(4,251,871) (4,905,496)
– (611,004)
999,000 –
(97,210) (79,496)
– (18,687)
(510) –
1,219,046 (217,481)
952,749 189,403
1,937,718 2,402,814
747 1,375
2,891,214 2,593,592
38 山東黃金礦業股份有限公司
簡明合併財務報表附註
1.
A H
2000 3
2.
16
23
9
19
28
2.1 16
16 16 17
17
2019中期報告 39
簡明合併財務報表附註
2.
2.1 16
2.1.1 16
16
16
12
40 山東黃金礦業股份有限公司
簡明合併財務報表附註
2.
2.1 16
2.1.1 16
9 9
2019中期報告 41
簡明合併財務報表附註
2.
2.1 16
2.1.1 16
42 山東黃金礦業股份有限公司
簡明合併財務報表附註
2.
2.1 16
2.1.1 16
15
15
2019中期報告 43
簡明合併財務報表附註
2.
2.1 16
2.1.2 16
17 4
16
16
16
16 17
i. 37
ii. 12
iii.
iv.
v.
44 山東黃金礦業股份有限公司
簡明合併財務報表附註
2.
2.1 16
2.1.2 16
16
99,333,704 453,946,572
4.35% 9.74%
119,567
101,808
(2,474)
16 99,334
99,334
39,715
59,619
99,334
2019中期報告 45
簡明合併財務報表附註
2.
2.1 16
2.1.2 16
16 99,334
(a) 340,242
14,371
453,947
414,558
6,433
28,494
4,462
453,947
(a) 16
340,242,030
46 山東黃金礦業股份有限公司
簡明合併財務報表附註
2.
2.1 16
2.1.2 16
16
16
(a) 16
(b) 15
16
340,242 (340,242) –
– 453,947 453,947
528,819 (15,463) 513,356
1,058,192 (231) 1,057,961
– (99,334) (99,334)
(62,013) 1,323 (60,690)
2019中期報告 47
簡明合併財務報表附註
2.
2.2
3.
31,186,695 26,010,790
7,967 7,775
31,194,662 26,018,565
48 山東黃金礦業股份有限公司
簡明合併財務報表附註
3.
A
30,996,370
79,113
111,212
31,186,695
30,071,662
1,115,033
31,186,695
31,186,695
35,340,445 (4,344,075) 30,996,370
90,682 (11,569) 79,113
151,040 (39,828) 111,212
35,582,167 (4,395,472) 31,186,695
35,582,167 (4,395,472) 31,186,695
2019中期報告 49
簡明合併財務報表附註
3.
B
25,805,291
85,300
120,199
26,010,790
24,709,447
1,301,343
26,010,790
26,010,790
29,597,799 (3,792,508) 25,805,291
97,836 (12,536) 85,300
137,864 (17,665) 120,199
29,833,499 (3,822,709) 26,010,790
29,833,499 (3,822,709) 26,010,790
50 山東黃金礦業股份有限公司
簡明合併財務報表附註
4.
5,656,146 29,933,989 (4,395,473) 31,194,662
2,067,811 135,057 (11,813) 2,191,055
(70,433)
22,769
(736,289)
(147,948)
(17,501)
(661)
15,089
(314,616)
941,465
5,297,369 24,543,905 (3,822,709) 26,018,565
1,893,333 110,277 – 2,003,610
(18,158)
19,633
(575,030)
(79,711)
(14,353)
1,808
17,575
(433,585)
921,789
2019中期報告 51
簡明合併財務報表附註
5.
3,209 1,065
6.
(a) 283,671 236,006
(b) 85,047 157,892
(25,089) (14,327)
(111,674) (70,701)
231,955 308,870
(a) 25%
15% 15%
(b) AGBII 30%
30%
20,137,000
19,577,000
52 山東黃金礦業股份有限公司
簡明合併財務報表附註
7.
(149,526) (61,684)
26,536,041 21,450,082
1,450,181 1,004,934
1,085,598 986,668
27,138 –
236,147 303,773
– 5,455
– 5,181
661 –
1,868 1,800
717,898 987,840
29,906,006 24,684,049
8.
221,400,830 73,764,149
2019中期報告 53
簡明合併財務報表附註
9.
631,967 575,290
2,214,008 1,850,734
0.29 0.31
10.
8,372,180
38,421,000 2,356,607
29,925,000 6,015,573 8,496,000
4 1.25 15
24,514,316 24,514,316
525,433,063
378,458,000
1,434,729,611
1,303,988,000
54 山東黃金礦業股份有限公司
簡明合併財務報表附註
11.
163,180 – 28,615 42,621 – 48,803 849 16,486 300,554
6,057 2,729 (28,615) 200 50,409 63,834 72,327 (8,334) 158,607
– – – – – 4,884 3,045 254 8,183
169,237 2,729 – 42,821 50,409 117,521 76,221 8,406 467,344
169,237 2,729 – 42,821 50,409 117,521 76,221 8,406 467,344
1,570 721 16,054 (2,523) (25,000) 2,104 58 141 (6,875)
– 37 – – – 225 100 4,855 5,217
170,807 3,487 16,054 40,298 25,409 119,850 76,379 13,402 465,686
2019中期報告 55
簡明合併財務報表附註
11.
(2,002,059) (13,277) (2,134,778) (133,415) (4,283,529)
67,324 13,277 (61,720) (39,397) (20,516)
– – (109,825) (8,217) (118,042)
(1,934,735) – (2,306,323) (181,029) (4,422,087)
(1,934,735) (2,306,323) (181,029) (4,422,087)
40,103 50,312 28,134 118,549
– (3,185) 5,852 2,667
(1,894,632) (2,259,196) (147,043) (4,300,871)
56 山東黃金礦業股份有限公司
簡明合併財務報表附註
11.
156,597 142,704
(3,991,782) (4,097,447)
(3,835,185) (3,954,743)
565,118,572
542,024,362 304,952,362
304,952,362 50,409,397
50,409,397 260,166,210
237,072,000
20,755 20,755
63,930 63,930
98,804 98,804
37,185 37,185
16,398 16,398
23,094 –
260,166 237,072
2019中期報告 57
簡明合併財務報表附註
12.
24,023 25,212
193,036 554,218
217,059 579,430
(8,712) (8,341)
208,347 571,089
2,424 522
27,667 1,777
308,391 162,376
336,058 164,153
26,557 19,396
64,954 26,319
41,756 39,599
10,445 1,703
109,247 50,249
252,959 137,266
(85,233) (87,143)
167,726 50,123
305,434 272,305
1,019,989 1,058,192
58 山東黃金礦業股份有限公司
簡明合併財務報表附註
12.
1 204,238 567,539
1 2 1,087 4,577
2 3 4,485 69
3 7,249 7,245
217,059 579,430
13.
371 197
290 (2,005)
661 (1,808)
2019中期報告 59
簡明合併財務報表附註
14.
852,210 822,583
30,852 31,171
883,062 853,754
646,861 631,643
821,235 832,471
367,380 302,977
204,018 179,418
120,047 79,118
83,052 82,895
– 36,329
429,542 551,908
320,664 122,864
– 57,484
H 65,719 72,772
494,022 79,409
4,435,602 3,883,042
1 810,392 823,115
1 72,670 30,639
883,062 853,754
60 山東黃金礦業股份有限公司
簡明合併財務報表附註
15.
1,824,964,000
4,801,952,000 4.09% 4.35%
16.
7,000,515 –
17.
1.00 A 1,857,119 1,857,119
1.00 H 356,889 356,889
2,214,008 2,214,008
1.00 A 1,857,119 1,857,119
1.00 H 356,889 356,889
2,214,008 2,214,008
1.00 A 1,857,119 1,857,119
1.00 H 356,889 356,889
2,214,008 2,214,008
2019中期報告 61
簡明合併財務報表附註
18.
AGBII
AGBII MAG
AGBII
AGBII MAG Barrick Gold
Corporation
566.010
62 山東黃金礦業股份有限公司
簡明合併財務報表附註
19.
1) 2,000 2,000
1) 11,263 6,438,726
2019中期報告 63
簡明合併財務報表附註
19.
2,015
(15)
2,000
2,000
62,000 64,198 62,000 62,763
1,687,411 1,701,306 687,862 701,442
44,639 46,705 53,260 54,535
64 山東黃金礦業股份有限公司
簡明合併財務報表附註
20.
(a)
210,285 190,257
38,079 42,339
1,680 1,622
116,819 110,038
32,426 26,173
399,289 370,429
85,101 56,871
– 3,755
5,403 3,116
90,504 63,742
(b)
4,331 7,779
3,632 2,850
2019中期報告 65
簡明合併財務報表附註
20.
(c)
– 7,579
– –
– –
– –
– –
– 7,579
608,683 279,300
178,720 1,102,600
(569,000) (919,300)
4,106 3,979
(3,489) (3,979)
219,020 462,600
608,683 286,879
178,720 1,102,600
(569,000) (919,300)
4,106 3,979
(3,489) (3,979)
219,020 470,179
4.35% 4.35%
66 山東黃金礦業股份有限公司
簡明合併財務報表附註
20.
(d)
25,217 25,212
26,557 19,396
17,814 1,777
984,876 414,121
59,754 56,719
1,114,218 517,225
30,852 31,171
429,542 551,908
22,506 22,506
68,470 32,189
2,453 2,453
553,823 640,227
2019中期報告 67
釋義
A 1.0
AGBII Argentina Gold (Bermuda) II Ltd.
Barrick Cayman (V) Ltd.
50%
H 1.0
68 山東黃金礦業股份有限公司
釋義
70%
20% 10%
30% 70%
571
2019中期報告 69
釋義
1.00 A H
960.0
RPA
70 山東黃金礦業股份有限公司