（一）存货跌价准备 于 2023 年半年度，本公司对存货（含原料、在制品、库存 商品等）以成本及可变现净值孰低计量，从而相应计提存货跌 价准备 19,405 万元，包括子公司恒邦股份所计提的存货跌价准 备 5,755 万元。本公司根据生产计划并结合市场需求进行存货采 购用于生产，存货按照成本进行初始计量，并根据成本及可变 现净值孰低原则计提存货跌价准备。 本公司长期实行稳健的经营政策，一直以来严格按照套期 保值制度对外购铜原料进行保值，本公司在严格按照会计准则 计提相应存货跌价准备的同时，密切关注铜等金属产品的变动 趋势，加强对影响产品价格走势的各种因素的分析研究，此前 高铜价采购的原料皆通过套期保值对冲了价格下跌风险，在持 续套期保值的基础上及时优化策略，有效抵御了市场价格波动 对本公司生产经营效益可能产生的不利影响。 证券代码：600362 证券简称：江西铜业 公告编号：临 2023-024 债券代码：137816 债券简称：22 江铜 01 江西铜业股份有限公司 关于 2023 年半年度计提资产减值准备的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，对公告 的虚假记载、误导性陈述或者重大遗 ...

证券代码：600362 证券简称：江西铜业 公告编号：临 2023-023 债券代码：137816 债券简称：22 江铜 01 江西铜业股份有限公司（以下简称公司）第九届监事会第十三次 会议，于 2023 年 8 月 25 日在公司办公所在地南昌会议室召开，公司 5 名监事参与了会议。会议的召开符合《中华人民共和国公司法》及 有关法律法规、《江西铜业股份有限公司章程》（以下简称《公司章程》） 的规定。 经全体 5 名监事审议，通过了以下决议： 一、审议通过了《江西铜业股份有限公司 2023 年半年度报告及 摘要》 表决结果：5 票同意、 0 票反对、 0 票弃权 监事会对《江西铜业股份有限公司 2023 年半年度报告及摘要》 的审核意见： 公司 2023 年半年度报告及其摘要的编制和审议程序符合法律、 法规、公司章程和公司内部管理制度的各项规定； 江西铜业股份有限公司 第九届监事会第十三次会议决议公告 本公司及监事会全体成员保证公告内容的真实、准确和完整，对公告的虚 假记载、误导性陈述或者重大遗漏负连带责任。 内容和格式符合中国证监会和有关证劵交易所的各项规定，所包 含的信息能从各方面真实地反映出公司当前的经 ...

证券代码：600362 证券简称：江西铜业 公告编号：临 2023-022 债券代码：137816 债券简称：22 江铜 01 江西铜业股份有限公司 第九届董事会第二十二次会议决议公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，对公告的 虚假记载、误导性陈述或者重大遗漏负连带责任。 江西铜业股份有限公司（以下简称为公司）第九届董事会第二 十二次会议，于 2023 年 8 月 25 日在公司会议室以现场方式召开， 公司 11 名董事中：汪波先生因公未能出席会议；其他 10 名董事均 出席会议。公司监事、高级管理人员出席了会议，董事长郑高清先 生主持了会议。会议的召开符合《中华人民共和国公司法》（以下简 称《公司法》）、《江西铜业股份有限公司章程》（以下简称《公司章 程》）等有关法律法规及规范性文件的规定，会议审议并通过了如下 决议： 于 2023 年半年度计提资产减值准备的公告》。 特此公告。 江西铜业股份有限公司 董事会 表决结果：10 票同意、 0 票反对、 0 票弃权 详情请见公司于上海证券交易所网站（www.sse.com.cn）及本 公司网站（www.jxcc.com）披露的 2023 年 ...

江西铜业股份有限公司独立董事 独立董事：朱星文、李水弟、柳习科、王丰 2023 年 8 月 24 日 关于《2023 年半年度计提资产减值准备的议案》的独立意见 作为江西铜业股份有限公司（以下简称公司）独立董事，根据《中 华人民共和国公司法》、中国证监会《关于在上市公司建立独立董事 制度的指导意见》、《香港联合交易所有限公司证券上市规则》和《江 西铜业股份有限公司章程》等有关规定，我们本着公正、公平、客观 及实事求是的态度，发表如下独立意见： 本次计提资产减值准备遵照并符合《企业会计准则》和本公司相 关会计政策的规定，符合本公司的实际情况；计提依据充分，决策程 序合法，能够真实公允地反映本公司资产价值及财务状况，有助于为 投资者提供更加真实可靠的会计信息，不存在损害本公司及股东利益 的情形。同意公司本次计提资产减值准备。 ...

| | | 债券代码：185088 债券简称：21 江铜 01 债券代码：137816 债券简称：22 江铜 01 江西铜业股份有限公司 关于召开 2022 年度暨 2023 年第一季度业 绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 会议召开时间：2023 年 06 月 15 日(星期四) 下午 15:00-16:30。 会议召开地点： 上海证券 交易所上证路演中心（ 网 址 https://roadshow.sseinfo.com/）。 会议召开方式：本次说明会通过上海证券交易所上证路演中心 （https://roadshow.sseinfo.com/）以网络互动方式召开。 投资者可于 2023 年 06 月 14 日(星期三)16:00 前登录上证路演 中心网站首页点击"提问预征集"栏目或通过公司邮箱 jccl@jxcc.com 进行提问。公司将在说明会上对投资者普遍关注的问题进行回答。 一、 说明会类型 江西铜业股份有限公司（以下简称公司）已分别于 2023 年 3 月 25 日、20 ...

Financial Performance - The company's operating revenue for the year reached CNY 479.94 billion, an increase of 8.40% compared to the previous year[17]. - Net profit attributable to shareholders was CNY 5.99 billion, reflecting a growth of 6.36% year-on-year[17]. - The net cash flow from operating activities amounted to CNY 10.64 billion, representing a 17.82% increase from the previous year[17]. - The total assets of the company at the end of 2022 were CNY 167.33 billion, up 3.91% from the previous year[17]. - The company's net assets attributable to shareholders increased to CNY 73.52 billion, a rise of 5.33% year-on-year[17]. - Basic earnings per share for 2022 were CNY 1.73, a 6.36% increase compared to CNY 1.63 in 2021[18]. - The weighted average return on net assets was 8.36%, slightly down from 8.69% in the previous year[18]. - The total non-operating income for 2022 was RMB 576.93 million, a significant recovery from a loss of RMB 1.46 billion in 2021[23]. - The company's consolidated operating revenue for 2022 was RMB 479.94 billion, an increase of RMB 37.17 billion or 8.40% compared to 2021[41]. - The net profit attributable to shareholders for 2022 was RMB 5.99 billion, up RMB 358.40 million or 6.36% year-on-year[41]. Production and Operations - The production of copper cathodes reached 1.8394 million tons, a 3.21% increase from 1.7822 million tons in 2021[27]. - Gold production increased by 23.92% to 88.80 tons from 71.66 tons in the previous year[27]. - The company completed key projects, including a 220,000 tons/year copper rod project and a 30,000 tons/year new material project ahead of schedule[28]. - Ongoing projects include the expansion of the Wushan copper mine, which is expected to exceed its annual progress plan and achieve completion six months ahead of schedule[28]. - Cathode copper production reached 183.94 million tons, with a year-over-year increase of 3.21% in production and 2.81% in sales[48]. - Gold production was 88.80 tons, showing a significant year-over-year increase of 23.92% in production and 21.46% in sales[48]. - Silver production totaled 1,232.72 tons, with production and sales increasing by 9.70% and 4.58% respectively compared to the previous year[48]. Investments and Capital Expenditure - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[17]. - Total investment amount during the reporting period reached RMB 100,611.01 million, an increase of 18.76% compared to RMB 84,720.25 million in the same period last year[95]. - Jiangxi Copper Technology has invested RMB 8,000 million, focusing on technology services, development, and new material technology research[94]. - Jiangxi Copper Group has invested RMB 12,600 million in Jiangxi Copper Group Silver Mountain Mining Co., Ltd., which focuses on the production and sales of non-ferrous metals and related products[96]. - Jiangxi Copper Materials Co., Ltd. has invested RMB 22,000 million, specializing in copper rod production and related deep processing[97]. Risk Management and Compliance - The company emphasizes the importance of investment risk awareness regarding forward-looking statements in the annual report[2]. - The company faces significant price volatility in metals such as copper, gold, and silver, influenced by global economic conditions and market speculation[103]. - The company has implemented strict hedging policies to mitigate risks associated with commodity price fluctuations, prohibiting speculative trading[103]. - The company acknowledges currency fluctuation risks, with strategies in place to monitor and respond to exchange rate changes to minimize potential losses[128]. - The company faces product price volatility risks, particularly for copper, gold, and silver, and plans to implement hedging strategies and improve operational efficiency to mitigate these risks[129]. Corporate Governance - The company is committed to maintaining high standards of corporate governance and has adhered to all relevant regulations during the reporting period[135]. - The board of directors is responsible for the overall strategy, financial monitoring, and compliance with legal regulations, ensuring effective communication with shareholders[139]. - The independent audit committee consists of four independent non-executive directors, with Mr. Zhu Xingwen serving as the chairman[144]. - The independent audit committee confirmed that Ernst & Young Huaming executed the audit in compliance with Chinese CPA standards, ensuring the audit report accurately reflects the company's financial status as of December 31, 2022[147]. - The company has established a risk management office to oversee the daily operations of the risk control system[190]. Environmental and Social Responsibility - The company invested over RMB 300 million in ecological restoration, with an area of over 270 hectares restored[32]. - The company has made substantial investments in environmental protection, which may increase operational costs if stricter regulations are imposed in the future[132]. - The company has established a policy for insider information management to ensure confidentiality and fair disclosure[191]. - The company is actively involved in the recycling of waste metals, with its subsidiary Jiangxi Copper Group (Guixi) Recycled Resources Co., Ltd. reporting operating revenue of RMB 9,868,000[105]. Market Outlook - The macroeconomic environment is expected to improve in the second half of 2023, leading to a potential bull market for copper prices[120]. - The company anticipates a stable supply of scrap copper in 2023, while the supply of copper concentrate is expected to tighten due to strikes and natural disasters affecting major mines in Peru and Indonesia[119]. - The consumption of copper in traditional sectors is expected to see a slight increase, while the new energy sector is projected to experience significant growth, with copper consumption in photovoltaic, wind power, and new energy vehicles expected to rise from 1.09 million tons in 2022 to 2.09 million tons by 2025[120].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內 容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概 不對因本公告全部或任何部分內容而產生或因倚賴該等內容而引致的 任何損失承擔任何責任。 2023年 第 一 季 度 報 告 一. 重 要 提 示 1.1 江西銅業股份有限公司（「本公司」或「公司」）董事會（「董事會」）、 監 事 會 及 董 事（「董 事」）、監 事、高 級 管 理 人 員 保 證 季 度 報 告 內 容 的 真 實、準 確、完 整，不 存 在 虛 假 記 載、誤 導 性 陳 述 或 重 大 遺 漏，並承擔個別和連帶的法律責任。 1.2 公 司 負 責 人 鄭 高 清、主 管 會 計 工 作 負 責 人 余 彤 及 會 計 機 構 負 責 人（會計主管人員）鮑嘯鳴保證季度報告中財務信息的真實、準確、 ...

Financial Performance - The company's operating revenue for the year ended December 31, 2022, was RMB 479.94 billion, an increase of 8.40% compared to RMB 442.77 billion in 2021[8]. - The net profit attributable to shareholders for the same period was RMB 5.99 billion, reflecting a growth of 6.36% from RMB 5.64 billion in 2021[8]. - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 23.64% to RMB 5.42 billion from RMB 7.09 billion in 2021[8]. - The net cash flow from operating activities increased by 17.82% to RMB 10.64 billion compared to RMB 9.03 billion in 2021[8]. - The total assets of the company as of the end of 2022 were RMB 167.33 billion, a 3.91% increase from RMB 161.03 billion at the end of 2021[8]. - The net assets attributable to shareholders increased by 5.33% to RMB 73.52 billion from RMB 69.80 billion in 2021[8]. - The basic earnings per share for 2022 were RMB 1.73, up 6.36% from RMB 1.63 in 2021[9]. - The weighted average return on net assets for 2022 was 8.36%, a decrease of 0.33 percentage points from 8.69% in 2021[9]. - The company reported a net profit attributable to shareholders of the parent company for 2022 was RMB 6.00 billion, reflecting a growth of 3.97% from RMB 5.77 billion in 2021[13]. - The net profit for the fourth quarter of 2022 was RMB 1.27 billion, showing a slight decrease from RMB 1.26 billion in the third quarter[12]. Dividends and Shareholder Returns - The company plans to distribute a final dividend of RMB 0.50 per share for the year 2022[3]. - The company plans to distribute a final dividend of RMB 5 per 10 shares, totaling approximately RMB 1,731,364,702.5, which accounts for 28.89% of the net profit attributable to shareholders for 2022[117]. - The net profit attributable to shareholders for 2022 was RMB 5,993,964,274, with accumulated undistributed profits amounting to RMB 31,450,179,926[118]. Production and Operations - The production of copper cathodes reached 1.8394 million tons in 2022, a 3.21% increase from 1.7822 million tons in 2021[18]. - Gold production increased by 23.92% to 88.80 tons in 2022, up from 71.66 tons in 2021[18]. - The company completed key projects ahead of schedule, including a 220,000 tons/year copper rod project and a 30,000 tons/year new material project[19]. - Ongoing projects include a 10,000 tons/day expansion at the Wushan Copper Mine, which is expected to complete six months ahead of schedule[20]. - The company is actively pursuing new projects in lithium battery copper foil and resource recycling, aiming to enhance its market position[20]. Financial Position and Assets - The total liabilities as of December 31, 2022, were RMB 85.38 billion, an increase of 2.59% from RMB 83.22 billion in 2021[13]. - The company’s total resource reserve of approximately 8.99 million tons of copper metal, 275.9 tons of gold, and 8,626 tons of silver as of December 31, 2022[41]. - The company’s financial liabilities, including bank borrowings, decreased to RMB 6,256,716 thousand in 2022 from RMB 11,856,035 thousand in 2021, a reduction of approximately 47.3%[144]. - The company’s investment properties increased to RMB 882,327 thousand in 2022 from RMB 603,420 thousand in 2021, reflecting a growth of about 46.2%[142]. Market and Economic Conditions - The LME three-month copper price closed at $8,374 per ton on December 30, 2022, down 14.2% year-on-year, with an average price of $8,786.1 per ton for the year, a decrease of 5.5%[26]. - The overall macroeconomic environment is expected to improve in the second half of 2023, potentially leading to a bull market in copper prices[92]. - The domestic economic situation in 2023 is generally improving, with accelerated growth, but recovery momentum remains weak, and global economic growth is insufficient[105]. Research and Development - Research and development expenses increased by 3.31% to RMB 903.06 million, reflecting a rise in R&D investment[48]. - Total R&D investment reached RMB 543.78 million, representing 1.13% of operating revenue, with capitalized R&D accounting for 6.53%[70]. - The number of R&D personnel was 5,347, making up 21.34% of the total workforce, with 101 holding doctoral degrees[71]. Risks and Challenges - The company has outlined potential industry risks in its annual report, which investors should consider[3]. - The company faces safety production risks during the mining and copper smelting processes, which could lead to significant property loss and environmental impact if not managed properly[98]. - The company is exposed to foreign exchange risk due to its reliance on USD for imports and overseas investments, which could negatively affect profitability if not effectively controlled[99]. - The company recognizes market environment changes as a risk, particularly due to economic cycles affecting demand for its products[102]. Corporate Governance - The company has maintained a high level of corporate governance and has complied with the corporate governance code during the reporting period, with some exceptions noted[110]. - The total remuneration for directors and senior management during the reporting period amounted to 1,674.25 million yuan[108]. Acquisitions and Investments - The group acquired 91.59% of Tianjin Da Wufeng Investment Co., Ltd. for RMB 300,000,000 in cash as part of its strategy to expand its copper processing business[148]. - The acquisition of 51.00% of Jiangxi Cable Co., Ltd. was completed for RMB 208,404,000 in cash, further strengthening the copper processing segment[148]. - Jiang Copper Group invested a total of $12.6 million in the production and sales of non-ferrous metals and related products[85].

Financial Performance - Operating revenue for the third quarter reached CNY 112.91 billion, an increase of 2.22% compared to the same period last year[3] - Net profit attributable to shareholders was CNY 1.26 billion, a decrease of 13.79% year-on-year[3] - Net profit excluding non-recurring gains and losses was CNY 1.10 billion, an increase of 45.80% compared to the same period last year[3] - Total operating revenue for the first three quarters of 2022 reached CNY 368.16 billion, an increase from CNY 337.26 billion in the same period of 2021, representing a growth of approximately 9.4%[24] - Net profit attributable to shareholders for the first three quarters of 2022 was CNY 4.73 billion, up from CNY 4.51 billion in 2021, reflecting a growth of approximately 4.9%[28] - Total comprehensive income attributable to the parent company for the first three quarters of 2022 was ¥1,601,443,197, a decrease of 67.8% compared to ¥4,975,019,823 in the same period of 2021[30] Cash Flow - Cash flow from operating activities for the year-to-date was CNY 10.60 billion, reflecting a growth of 31.38%[3] - Net cash flow from operating activities for the first three quarters of 2022 was ¥10,596,267,201, an increase of 31.4% from ¥8,065,620,499 in the same period of 2021[33] - Cash inflow from investment activities for the first three quarters of 2022 was ¥12,415,401,116, a decrease of 7.0% compared to ¥13,358,980,071 in the same period of 2021[34] - Cash outflow from investment activities for the first three quarters of 2022 was ¥24,823,947,681, an increase of 39.8% from ¥17,739,127,644 in the same period of 2021[35] - Net cash flow from financing activities for the first three quarters of 2022 was ¥5,506,215,416, a decrease of 22.7% compared to ¥7,127,479,644 in the same period of 2021[36] - The company reported a net increase in cash and cash equivalents of ¥3,654,150,194 for the first three quarters of 2022, compared to ¥10,805,602,776 in the same period of 2021[37] Assets and Liabilities - Total assets at the end of the reporting period amounted to CNY 176.15 billion, representing a year-on-year increase of 9.39%[3] - Total liabilities as of September 30, 2022, were CNY 98.34 billion, up from CNY 83.22 billion at the end of 2021, representing a growth of approximately 18.2%[22] - Current liabilities totaled CNY 81.80 billion as of September 30, 2022, compared to CNY 67.23 billion at the end of 2021, indicating an increase of about 21.7%[20] - Non-current liabilities reached CNY 16.54 billion as of September 30, 2022, compared to CNY 15.99 billion at the end of 2021, reflecting a growth of approximately 3.4%[22] - The company’s total assets as of September 30, 2022, were CNY 176.15 billion, up from CNY 161.03 billion at the end of 2021, representing an increase of about 9.4%[23] Shareholder Information - Shareholders' equity attributable to shareholders was CNY 69.23 billion, a slight decrease of 0.82% from the previous year[3] - The total number of ordinary shareholders at the end of the reporting period was 158,499[8] - The largest shareholder, Jiangxi Copper Group Co., Ltd., holds 43.70% of the shares[9] - The company has a total of 1,513,356,110 shares held by Jiang Copper Group, representing approximately 43.72% of the total issued share capital[14] Earnings and Expenses - The company reported a basic earnings per share of CNY 0.37, an increase of 58.93% year-on-year[3] - The company reported a basic earnings per share of ¥1.37 for the first three quarters of 2022, compared to ¥1.30 in the same period of 2021[30] - Research and development expenses for the first three quarters of 2022 amounted to CNY 673.12 million, compared to CNY 615.52 million in 2021, showing an increase of about 9.4%[25] - The company reported a financial expense of CNY 215.07 million for the first three quarters of 2022, a decrease from CNY 702.76 million in 2021, showing a reduction of approximately 69.5%[25] Inventory and Investments - The inventory level decreased to RMB 33.50 billion from RMB 36.98 billion year-over-year[17] - The long-term equity investments decreased to RMB 4.64 billion from RMB 5.06 billion year-over-year[19] - The company reported a significant increase in derivative financial assets, rising to RMB 1.24 billion from RMB 379.10 million[17] - The company’s total receivables decreased slightly to RMB 5.26 billion from RMB 5.52 billion year-over-year[17] - The company’s total non-current assets decreased to RMB 63.01 billion from RMB 67.79 billion year-over-year[19] Foreign Exchange and Cash Management - The company recorded a foreign exchange loss of ¥39,785,858 affecting cash and cash equivalents in the first three quarters of 2022, compared to a loss of ¥7,349,794 in the same period of 2021[37] - Cash and cash equivalents at the end of the first three quarters of 2022 amounted to ¥24,949,440,327, a decrease from ¥25,257,378,941 at the end of the same period in 2021[37] - The company’s cash and cash equivalents increased to RMB 45.70 billion from RMB 34.83 billion year-over-year[17]

Financial Performance - Jiangxi Copper Company reported a profit distribution plan for the six months ending June 30, 2022, indicating no profit distribution or capital reserve transfer to share capital[2]. - The company's revenue for the first half of 2022 reached RMB 255.25 billion, representing a 12.55% increase compared to RMB 226.79 billion in the same period last year[30]. - Net profit attributable to shareholders for the same period was RMB 3.47 billion, up 13.92% from RMB 3.04 billion year-on-year[30]. - The net profit after deducting non-recurring gains and losses decreased by 47.09% to RMB 2.76 billion from RMB 5.21 billion in the previous year[30]. - The total assets as of June 30, 2022, amounted to RMB 183.96 billion, reflecting a 14.24% increase from RMB 161.03 billion at the end of the previous year[29]. - The total liabilities increased by 28.29% to RMB 106.77 billion from RMB 83.22 billion at the end of the previous year[29]. - Basic earnings per share for the first half of 2022 were RMB 1.00, a 13.92% increase from RMB 0.88 in the same period last year[32]. - The net cash flow from operating activities surged by 315.25% to RMB 7.34 billion compared to RMB 1.77 billion in the previous year[30]. - The company's net assets attributable to shareholders decreased by 1.62% to RMB 68.67 billion from RMB 69.80 billion at the end of the previous year[29]. - The weighted average return on equity increased to 5.01%, up from 4.80% in the previous year[32]. Operational Highlights - The company operates five producing mines in Jiangxi Province, including Chengmenshan and Dexing mines, which are key to its copper production[2]. - Jiangxi Copper's operations include the production of refined copper, copper rods, and copper cathodes, which are essential for its revenue generation[2]. - The company produced 923,900 tons of cathode copper in the first half of 2022, a 2.51% increase from 901,300 tons in the same period of 2021[56]. - Gold production reached 478.7 tons, marking a significant year-on-year increase of 23.15% from 388.7 tons[56]. - The company operates five wholly-owned mines, including the Dexing Copper Mine and Yongping Copper Mine, contributing to its comprehensive production capabilities[41]. Investments and Assets - The company reported a significant investment in trading debt instruments, with bond investments totaling approximately $973.59 million, reflecting an increase of $2.59 billion compared to the previous period[39]. - The company holds a 44.48% stake in Hengbang Co., which is a key player in gold exploration and production, with an annual capacity of 50 tons of gold and 1,000 tons of silver[40]. - The company's total financial assets include other equity investments amounting to approximately $19.26 billion, a decrease of $3.09 billion from the previous period[39]. - The company’s inventory measured at fair value is approximately $6.31 billion, showing a decrease of $811.57 million compared to the last reporting period[39]. - The company’s receivables financing stands at approximately $2.54 billion, indicating a robust financing strategy[39]. Environmental Compliance and Initiatives - The company reported SO2 emissions of 239.323 tons and NOx emissions of 478.017 tons, with particulate matter emissions at 45.2394 tons, all adhering to the relevant pollution discharge standards[110]. - The company achieved a COD level of 303.6 mg/L and ammonia nitrogen level of 40.48 mg/L at the Chengmen Mountain Copper Mine, meeting the discharge standards[110]. - The company plans to enhance its environmental compliance by maintaining organized emissions after meeting the standards, with specific focus on SO2 and NOx emissions reductions[110]. - The company has established a comprehensive strategy for pollution control, including regular assessments of its discharge levels[110]. - The company is committed to continuous improvement in its environmental performance, aiming for further reductions in key pollutants[110]. Strategic Outlook - The company is focused on expanding its market presence in East and South China, as well as exporting products to South Korea, Japan, and Southeast Asia[45]. - The company plans to explore asset-level cooperation with FQM to enhance project profitability in copper mining[91]. - The company is exploring strategic acquisitions to bolster its market position and diversify its product offerings[88]. - Jiangxi Copper Group's future outlook remains positive, with projected revenue growth driven by increased production capacity and market expansion initiatives[90]. - The company aims to enhance product quality and reduce production costs in response to changes in the market environment[100]. Governance and Management - The company has elected new supervisors to replace those who resigned due to job changes, ensuring continuity in governance[106]. - The company emphasizes the importance of financial management and efficient resource allocation to reduce the impact of rising product prices on liquidity[99]. - The company has established various financial management regulations to enhance financial control, including measures for large fund usage and cash management[177]. - The company has adhered to all corporate governance codes as per the listing rules, with no significant legal risks identified[174]. - The company employs a total of 23,659 staff, with production personnel making up 69.15% of the workforce[194].