Financial Performance - The company's revenue for the year ended December 31, 2021, was RMB 763.725 million, representing a 26.9% increase from RMB 601.652 million in 2020[12] - Gross profit for the same period was RMB 205.520 million, up 19.0% from RMB 172.650 million in 2020[12] - The annual profit increased by 45.2% to RMB 102.065 million compared to RMB 70.309 million in the previous year[12] - The company's revenue for 2021 was approximately RMB 763.7 million, representing a year-on-year increase of 26.9%, while net profit was approximately RMB 102.1 million, up 45.2% year-on-year[21] - Total revenue increased by approximately RMB 162.0 million or 26.9% to RMB 763.7 million for the year ended December 31, 2021, compared to RMB 601.7 million for the previous year[33] - Annual profit increased by approximately RMB 31.8 million or 45.2% to RMB 102.1 million, with net profit margins of 13.4% compared to 11.7% in the previous year[59] Market Position and Share - The company maintained a market share of over 30.0% in the tantalum and niobium wet metallurgy products for three consecutive years from 2019 to 2021[4] - Overseas sales reached approximately RMB 107.9 million in 2021, marking a year-on-year growth of 41.6%, which accounted for 14.1% of total revenue[24] - The company plans to strengthen its sales network in overseas markets to expand its customer base and increase market share[114] Production and Sales - In 2021, the total production of the company's main products, tantalum pentoxide and potassium fluotantalate, was 1,684 tons, with total sales of approximately 1,686 tons[21] - Revenue from potassium tantalate increased by approximately RMB 75.0 million or 76.9% to RMB 172.5 million, driven by increased sales volume[35] - Revenue from recycled products rose from approximately RMB 20.6 million to RMB 76.7 million, attributed to higher sales of tin hydroxide, potassium fluorosilicate, and tungsten acid[38] - Revenue from other products increased by approximately RMB 40.6 million or 66.6% to RMB 101.6 million, compared to RMB 61.0 million in the previous year[39] - Processing service revenue surged by approximately RMB 73.3 million or 1,263.8% to RMB 79.1 million, due to a significant increase in customer orders[40] Cost and Expenses - Total cost of sales increased by approximately RMB 129.2 million or 30.1% to RMB 558.2 million, primarily due to increased sales volume and higher average procurement prices for tantalum and niobium ores[43] - Sales and distribution expenses increased by approximately RMB 4.3 million or 51.2% to RMB 12.7 million, with employee costs rising by RMB 3.8 million[49] - Administrative expenses rose by approximately RMB 11.0 million or 15.1% to RMB 83.7 million, driven by an increase in employee costs and other administrative expenses[53] - Research and development expenses amounted to RMB 29.8 million, up from RMB 24.0 million, focusing on improving the purity levels of tantalum and niobium oxides[53] Financial Ratios and Capital Structure - The current ratio decreased to 1.78 from 2.40, a decline of 25.8%[12] - The quick ratio also fell to 1.17 from 1.50, a decrease of 22.0%[12] - The capital debt ratio increased to 28.1% from 15.2%, an increase of 12.9 percentage points[12] - The debt-to-equity ratio as of December 31, 2021, was approximately 28.1%, up from 15.2% as of December 31, 2020, primarily due to a decrease in cash and cash equivalents[94] Research and Development - The company has obtained 12 patents and developed three new tantalum and niobium salt products, indicating ongoing innovation efforts[28] - Continuous investment in R&D for new product projects and innovative production methods is a priority for the group to enhance capacity and product purity[111] Governance and Management - The company has a strong management team with expertise in metallurgy and project management, including Mr. Zhong Yuelian, who has over 27 years of experience in tantalum and niobium metallurgy[134] - The company has been expanding its board with experienced professionals to enhance governance and oversight[127] - The company emphasizes the importance of corporate governance and compliance in its operations[128] - The company has a clear division of responsibilities between the board and senior management, ensuring effective oversight[145] Risk Management and Compliance - The internal control and risk management systems were reviewed and deemed effective, ensuring the management of significant risks associated with the business environment[183] - The company has established a risk management framework that includes identifying significant risks, assessing their impact, and implementing necessary measures to manage those risks[183] Investor Relations - The company has established an investor relations policy to ensure timely and fair access to information for investors[198] - The company has maintained effective communication with investors to enhance transparency and understanding of its business and development[198]

Financial Performance - For the six months ended June 30, 2021, the total revenue was RMB 346.5 million, an increase of 9.2% compared to RMB 317.4 million in the same period last year[21]. - The net profit for the period was approximately RMB 49.1 million, representing a 39.3% increase from RMB 35.3 million in the previous year[21]. - Revenue increased by approximately RMB 29.1 million or 9.2% to about RMB 346.5 million, driven mainly by increased sales of potassium fluotantalate[33]. - Sales of potassium fluotantalate generated revenue of approximately RMB 104.3 million, an increase of 109.9% compared to RMB 49.7 million in the same period last year[36]. - Sales of high-purity niobium oxide reached approximately 133.3 tons, a year-on-year increase of 66.9%[31]. - The gross profit decreased by approximately RMB 16.2 million or 17.1% to about RMB 78.3 million, primarily due to a decline in gross profit margin[40]. - The gross profit margin decreased to 22.6%, down 7.2 percentage points from 29.8% in the previous year[21]. - Basic earnings per share for the period was RMB 0.16, up from RMB 0.13 in 2020[105]. - Total comprehensive income for the period was RMB 48,875 thousand, compared to RMB 36,181 thousand in the same period last year[108]. Production and Sales - The total production of main products was approximately 749.2 tons, a decrease of 17.5% year-on-year[25]. - The company aims to enhance high-purity product output while transitioning production lines[25]. - The company developed nearly 20 new qualified customers during the reporting period, enhancing customer structure and reserves[31]. - The company achieved external sales amounting to approximately RMB 42.1 million, a year-on-year increase of 32.4%[31]. - Sales costs increased by approximately RMB 45.3 million or 20.3% to about RMB 268.2 million, mainly due to increased raw material purchase volume and prices[39]. Research and Development - The company holds 35 patents, reflecting its commitment to research and development[3]. - The company obtained 7 new patent authorizations and applied for 2 invention patents during the reporting period[28]. - Research and development expenses for the current period were approximately RMB 12.5 million, compared to RMB 12.3 million for the six months ended June 30, 2020, focusing on improving production processes[45]. - The company will increase R&D investment to develop new products that meet market demands and enhance production processes[70]. Financial Position - The company maintained a current ratio of 2.4, indicating stable liquidity[21]. - The quick ratio improved by 13.3% to 1.7 compared to 1.5 in the previous year[21]. - The capital debt ratio decreased to 8.8%, down 6.4 percentage points from 15.2%[21]. - Total debt as of June 30, 2021, was approximately RMB 230.4 million, down from RMB 265.9 million as of December 31, 2020[54]. - The company's net asset value increased to RMB 570,637 thousand as of June 30, 2021, compared to RMB 521,762 thousand at the end of 2020[113]. - The carrying amount of interest-bearing bank loans as of June 30, 2021, was RMB 230,374,000, a decrease from RMB 265,930,000 as of December 31, 2020, indicating a reduction of 13.3%[158]. Corporate Governance - The board of directors decided not to declare any interim dividend for the six months ended June 30, 2021[74]. - The board of directors is committed to maintaining high standards of corporate governance and has implemented measures to enhance internal control systems[96]. - The company has complied with all applicable provisions of the corporate governance code, except for a deviation regarding the separation of the roles of chairman and CEO[97]. Future Outlook - The company anticipates continued demand for tantalum and niobium materials driven by the rapid development of industries such as new energy vehicles and superconducting materials[67]. - The company plans to expand the production capacity of wet-process products and enhance processing capabilities for complex raw materials to maintain industry leadership[69]. - The company aims to increase the output of high-value-added products, such as high-purity niobium and tantalum oxides, and will invest more in overseas marketing resources[70]. - The company is committed to completing two ongoing pyrometallurgical projects, which will enhance its product line and overall competitiveness[71]. Employee and Management - As of June 30, 2021, the company had a total of 261 employees and provides regular training programs to enhance their skills and knowledge[73]. - Total remuneration for key management personnel was RMB 2,262,000 for the six months ended June 30, 2021, up from RMB 1,823,000 in the same period of 2020, reflecting a growth of 24.1%[155]. - The company’s short-term employee benefits increased to RMB 2,133,000 for the six months ended June 30, 2021, compared to RMB 1,782,000 in the same period of 2020, marking an increase of 19.7%[155]. Cash Flow and Investments - For the six months ended June 30, 2021, the company reported a net cash inflow from operating activities of RMB 62,508 thousand, a significant improvement compared to a net outflow of RMB 83,410 thousand in the same period of 2020[118]. - The company incurred a net cash outflow from investing activities of RMB 28,718 thousand for the six months ended June 30, 2021, compared to RMB 7,374 thousand in the same period of 2020[118]. - The company’s financing activities resulted in a net cash outflow of RMB 40,189 thousand for the six months ended June 30, 2021, compared to a net inflow of RMB 225,216 thousand in the same period of 2020[118].

Financial Performance - For the year ended December 31, 2020, the total revenue was RMB 601,652,000, representing a slight increase of 0.2% from RMB 600,644,000 in 2019[12] - The gross profit for the same period was RMB 172,650,000, which is an increase of 8.6% compared to RMB 159,004,000 in 2019[12] - The annual profit for 2020 was RMB 70,309,000, reflecting a 0.9% increase from RMB 69,652,000 in 2019[12] - The group's revenue for the year was approximately RMB 601.7 million, a slight increase of 0.2% compared to the previous year[31] - Net profit for the year was approximately RMB 70.3 million, representing a year-on-year growth of 0.9%[32] - Revenue from the sale of pentoxide products was approximately RMB 422.5 million, a decrease of RMB 63.0 million or 13.0% from RMB 485.5 million in 2019[39] - Revenue from potassium fluotantalate sales increased to approximately RMB 97.5 million, up RMB 46.8 million or 92.3% from RMB 50.7 million in 2019[40] - The sales revenue of industrial-grade niobium oxide increased by approximately RMB 42.6 million, a year-on-year growth of 20.9%[31] - The sales revenue of potassium fluotantalate rose by approximately RMB 46.8 million or 92.3% compared to the previous year[31] Production and Sales - The total production of pentoxide and potassium fluotantalate was approximately 1,781.1 tons, with total sales reaching about 1,868.9 tons for the year[2] - The total production of the main products, pentoxide and potassium fluotantalate, reached 1,781.1 tons, an increase of 21.7% year-on-year[27] - The total sales of pentoxide and potassium fluotantalate amounted to 1,868.9 tons, reflecting a year-on-year increase of 17.9%[28] - The company achieved a significant increase in by-product fluorine salt production, exceeding 2,000 tons, a year-on-year growth of 52.6%[27] - The export business saw significant growth, with export revenue exceeding RMB 76 million, a year-on-year increase of 20%[28] Research and Development - The company holds 29 patents and has been recognized as a national high-tech enterprise, indicating a strong focus on R&D[2] - The company obtained 4 new invention patents during the year, contributing to its R&D efforts[33] - The company aims to enhance its research and development efforts for new products and innovative production methods, focusing on high-purity tantalum powder and lithium battery materials[122] - The company plans to continue enhancing operational management and R&D innovation to solidify its leading position in the industry[16] Financial Position and Liquidity - The company maintained a current ratio of 2.41 and a quick ratio of 1.51 as of December 31, 2020, indicating strong liquidity[12] - The capital debt ratio improved to 15.2% from 26.4% in 2019, showing a significant reduction in leverage[12] - Cash and cash equivalents increased to approximately RMB 186.4 million as of December 31, 2020, compared to approximately RMB 58.5 million as of December 31, 2019[97] - The total debt as of December 31, 2020, was approximately RMB 265.9 million, up from approximately RMB 143.3 million as of December 31, 2019[100] - The capital debt ratio as of December 31, 2020, was approximately 15.2%, down from 26.4% as of December 31, 2019, primarily due to a decrease in cash and cash equivalents[101] Expenses and Costs - Total sales costs decreased to approximately RMB 429.0 million, down RMB 12.6 million or 2.9% from RMB 441.6 million in 2019[46] - Administrative expenses increased from approximately RMB 56.8 million in 2019 to approximately RMB 72.7 million in 2020, reflecting a growth of 28.0%[58] - Research and development expenses remained stable at approximately RMB 24.0 million for both 2019 and 2020, focusing on improving the purity levels of tantalum and niobium oxides[58] - Employee costs in sales and distribution decreased from RMB 3.3 million in 2019 to RMB 2.6 million in 2020, while consultancy fees increased significantly[54] Corporate Governance - The company is committed to high standards of corporate governance and has adopted measures to enhance internal control systems and ongoing professional training for directors[153] - The board consists of five members, including two executive directors and three independent non-executive directors, ensuring a balance of power and independent oversight[158] - The company has complied with all applicable provisions of the corporate governance code during the review year, except for a deviation regarding the roles of the chairman and CEO[155] - The company has established a clear division of responsibilities between the board and senior management, with the board providing guidance and effective supervision[158] Future Plans and Market Strategy - The company aims to strengthen its market position and expand its capital base following its successful listing on the Hong Kong Stock Exchange in March 2020[3] - The company plans to continue investing in expanding its production and sales into downstream products, particularly tantalum powder and rods, to meet growing market demand[121] - The company plans to strengthen its sales network in overseas markets to expand its customer base and increase market share[125] - The company is exploring potential acquisitions to bolster its market position, with a budget of $G million set aside for strategic investments[140] Shareholder Engagement - Shareholders holding more than 10% of the voting shares have the right to request a special general meeting within two months of submitting a request[199] - Shareholders can submit inquiries to the board in writing, which must be sent to the company's main office in Hong Kong[200]

Revenue and Profitability - Revenue for the six months ended June 30, 2020, was RMB 317,396,000, representing a 4.6% increase from RMB 303,487,000 in 2019[14] - The company achieved a net profit of RMB 35,253,000, a decrease of 13.2% from RMB 40,607,000 in 2019[14] - Adjusted net profit, excluding listing expenses, was RMB 46,721,000, reflecting a 4.1% increase from RMB 44,867,000 in the previous year[14] - Profit for the period decreased by approximately RMB 5.3 million to about RMB 35.8 million, with net profit margin decreasing from 13.4% to 11.1%[49] - Basic earnings per share decreased to RMB 0.13 from RMB 0.18, a decline of 27.8%[112] Gross Profit and Margins - Gross profit increased by 13.0% to RMB 94,520,000, with a gross margin of 29.8%, up from 27.6% in the previous year[14] - Gross profit increased by approximately RMB 10.9 million or 13.0% to about RMB 94.5 million, driven by revenue growth, with gross margin rising from 27.6% to 29.8%[39] Sales and Production - Sales volume of tantalum pentoxide products reached 866.1 tons, a 27.1% increase compared to 681.6 tons in 2019[14] - Production of tantalum pentoxide products was 820.1 tons, up 31.8% from 622.3 tons in the previous year[14] - In the first half of 2020, the total production of the company's main products, including pentoxide and super acid potassium, reached approximately 907.9 tons, an increase of about 33.3% compared to the same period in 2019[19] - The total sales volume of pentoxide and super acid potassium was approximately 945.4 tons, representing a year-on-year increase of about 28.6%[27] - The sales volume of industrial-grade silver oxide reached approximately 689.6 tons, an increase of about 53.5% compared to the same period in 2019[27] Financial Position and Ratios - The current ratio remained stable at 2.5, while the quick ratio improved by 5.9% to 1.8[14] - The capital debt ratio decreased significantly to 9.6% from 26.4% in the previous year, indicating improved financial stability[14] - Total debt amounted to approximately RMB 240.9 million as of June 30, 2020, up from RMB 143.3 million as of December 31, 2019[54] - The debt-to-equity ratio decreased to approximately 9.6% as of June 30, 2020, down from 26.4% as of December 31, 2019, due to increased cash and equity[55] Research and Development - The company holds 27 patents and has been recognized as a national high-tech enterprise, reflecting its commitment to R&D[3] - Research and development expenses for the period amounted to approximately RMB 12.3 million, accounting for about 3.9% of total revenue, with a year-on-year increase of about 2.5%[26] - The company received 2 invention patents and 1 utility model patent during the reporting period, enhancing its research and development capabilities[26] - The company aims to enhance product quality by investing in R&D and collaborating with research institutions to improve purity levels[69] Market and Expansion Plans - The company plans to leverage its capital platform post-IPO to strengthen its market leadership in tantalum and niobium metallurgy[3] - The company plans to expand production capacity for its main product, pentoxide, and explore downstream product manufacturing[68] - Plans to establish offices in the UK and Brazil to expand market reach and secure stable raw material supply[70] Corporate Governance and Compliance - The company is committed to high standards of corporate governance and has complied with all applicable provisions of the corporate governance code since its listing[102] - The audit committee has reviewed the unaudited financial reports for the six months ending June 30, 2020, and agreed with the accounting policies adopted by the company[106] Cash Flow and Financial Resources - Cash and cash equivalents increased to approximately RMB 193.8 million as of June 30, 2020, compared to RMB 58.5 million as of December 31, 2019[52] - The company reported a net cash inflow from financing activities of RMB 225,216 thousand for the six months ended June 30, 2020, compared to a net outflow of RMB (49,821) thousand in 2019[124] - The total cash and cash equivalents at the end of June 30, 2020, increased to RMB 193,824 thousand from RMB 84,859 thousand at the end of June 30, 2019, marking a growth of 128.5%[124] Shareholder Information - Major shareholders include Jiawei Resources Seychelles with 157,500,000 shares (52.50%) and MACRO-LINK International Mining Limited with 67,500,000 shares (22.50%)[87] - The company holds a 52.50% equity interest in Jiawei Resources Seychelles, which is fully owned by Mr. Wu[78] Employee and Labor Relations - The company has established a union to protect employees' rights and assist in achieving economic goals[80] - Employee salaries are determined based on position, job nature, and annual performance evaluations[80] - The company provides regular training programs for employees to enhance their skills and knowledge[80] Dividend Policy - The company did not declare any interim dividend for the six months ended June 30, 2020, consistent with the previous year[75] - The company did not declare or propose any dividends during the reporting period, consistent with the previous year[143]

稀美資源控股有限公司 XIMEI RESOURCES HOLDING LIMITED (於開曼群島註冊成立的有限公司) 股份代號：9936 年 韓景 2019 公司簡介 本集團為中國超統冶金產品生產商,且為本行業最早的中國非國有市場參與者 i 我們的主要產品為氧化超、氧化銀及氟卸酸鉀。我們的加工產品分為不同純度及規 格,以配合不同終端產品的需求。此外,我們透過委聘第三方冶金公司為我們生產 的五氧化物產品及氟超酸鋼建行加工·或從第三方冶金公司採購,藉此銷售加工產 品,如超條、碳化組、鋁條及鉈粉。此外,我們提供加工服務,將由客戶提供的組礦 及皖礦加工成五氧化物產品及氣組酸鉀。 我們的歷史始於二零零六年五月九日,佛岡佳特及賽特國際於中國廣東省英德市成 立廣東致遠新材料有限公司。致遠新材料主要從事生產及銷售超銀冶金產品。我們 透過中國附屬公司致遠新材料經營絕大部分業務。 於二零一八年我們為中國超說冶金行業的15個主要市場參與者之 年、二零一七財年及二零一八財年,就對外銷售年總產量而言,我們為中國最大的 組鋸濕法冶金產品生產商。 目 錄 | --- | --- | |-------------------------- ...