证券简称：广晟有色 证券代码：600259 公告编号：临2023-024 广晟有色金属股份有限公司 2023 年第一季度集体业绩说明会的公告 本公司董事会及全体董事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。 重要内容提示： 公司分别于2023年03月31日、2023年4月28日披露了公司2022年年 度报告、公司2023年第一季度报告，为便于广大投资者更全面深入地了 解公司2022年度及2023年第一季度经营成果、财务状况，公司计划于 2023年06月09日下午15:00-16:30举行2022年度暨2023年第一季度业绩 1 会议召开时间：2023年06月09日（星期五）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： http://roadshow.sseinfo.com/） 会议主题：沪市稀土产业链上市公司集体业绩说明会 会议召开方式：自行视频录制+网络文字互动 投资者可于2023年06月02日至06月08日16:00前登陆上证路演 中心网站首页，进入"2022年度沪市主板业绩说明会—稀土产 业链专场—广晟有色金属股份有限公司（以下 ...

证券简称：广晟有色 证券代码：600259 公告编号：临2023-023 广晟有色金属股份有限公司 关于参加"2022 年度海南辖区上市公司业绩说明会" 的公告 本公司董事会及全体董事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。 特此公告。 广晟有色金属股份有限公司董事会 二○二三年五月十九日 1 为推动辖区上市公司进一步建立董事会与投资者的良好沟通机 制，让投资者更准确地读懂年度报告、更全面地了解上市公司，切实 提高上市公司透明度和治理水平，海南证监局将与深圳市全景网络有 限公司、海南上市公司协会联合举办"海南辖区投资者网上集体接待 日暨上市公司业绩说明会"活动，活动时间为 2023 年 5 月 26 日 14:30-17:00，平台登录地址为 http://rs.p5w.net。 届时，公司主要高管人员将参加本次活动，通过网络在线交流形 式，就公司 2022 年年报披露、财务数据、公司治理、内部控制、发 展战略、经营状况、现金分红、重大事项、可持续发展等投资者所关 心的问题，与投资者进行"一对多"形式的沟通与交流。欢迎广大投 资者踊跃参与。 ...

Financial Performance - Revenue grew by 27.38% as a result of enhanced production operations and expanded trading activities[10] - Total operating revenue for Q1 2023 reached ¥6,199,389,773.67, a 27.3% increase from ¥4,866,885,507.33 in Q1 2022[19] - The company reported a net profit of ¥1,856,176.29 for Q1 2023, a significant decrease from ¥83,536,323.25 in Q1 2022[39] - The net profit attributable to shareholders of the listed company was ¥5.66 million, a decrease of 93.05% compared to the same period last year[46] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥8.25 million, down 109.73% year-on-year[46] - The basic earnings per share for Q1 2023 was ¥0.02, down from ¥0.26 in Q1 2022[40] - The basic and diluted earnings per share were both ¥0.02, reflecting a decrease of 92.31%[46] - The company's total comprehensive income attributable to shareholders of the parent company was ¥5,659,625.50 in Q1 2023, compared to ¥81,436,515.78 in Q1 2022[40] Assets and Liabilities - Total assets increased by 21.63% to CNY 8,906,251,064.71 compared to CNY 7,322,475,637.87 at the end of the previous year[9] - Total liabilities increased to ¥5,352,201,775.64 as of March 31, 2023, compared to ¥3,757,024,068.16 at the end of 2022, representing a growth of approximately 42.4%[33] - The total non-current liabilities reached ¥1,001,795,695.35 as of March 31, 2023, up from ¥780,162,904.63 at the end of 2022, indicating a rise of approximately 28.3%[33] - The total equity attributable to shareholders of the listed company was CNY 3,446,441,917.49, a slight increase of 0.19%[9] - The total equity attributable to shareholders of the parent company was ¥3,446,441,917.49 as of March 31, 2023, slightly up from ¥3,440,005,679.60 at the end of 2022[33] Cash Flow - The company reported a net cash inflow from operating activities, attributed to increased cash receipts from sales[10] - Net cash inflow from operating activities was ¥6,358,227,377.39 in Q1 2023, compared to ¥5,191,744,557.99 in Q1 2022, reflecting a 22.5% increase[22] - The net cash flow from operating activities was a negative ¥499.55 million, indicating a significant cash outflow[46] - The net cash flow from investing activities was primarily driven by the relocation and upgrade projects of Fuyuan Company and investment construction of Shengyuan Company[24] Expenses - Operating costs increased by 28.05% driven by higher sales volume during the reporting period[10] - Total operating costs for Q1 2023 were ¥6,084,238,102.97, up 27.1% from ¥4,786,476,130.05 in Q1 2022[19] - Research and development expenses decreased to ¥8,603,891.59 in Q1 2023, down 56.5% from ¥19,786,556.35 in Q1 2022[19] - The company’s financial expenses increased to ¥23,978,367.06 in Q1 2023, compared to ¥16,007,274.41 in Q1 2022, reflecting a rise of 49.5%[19] Receivables and Inventory - Accounts receivable rose by 346.87% due to business expansion during the reporting period[4] - Inventory increased by 19.82% due to the expansion of trading activities[10] Other Income and Investments - Other income rose significantly by 375.27% primarily from the transfer of deferred income from the disposal of non-current assets[10] - Investment income for Q1 2023 was ¥34,076,485.23, up from ¥28,701,351.33 in Q1 2022, indicating a growth of 18.4%[19] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 53,007[54] - The largest shareholder, Guangdong Rare Earth Industry Group Co., Ltd., held 38.45% of the shares[54]

Financial Performance - The net profit attributable to shareholders increased by RMB 93.22 million, a growth of 67.03%, mainly due to the increase in operating income and gross profit, as well as the recognition of investment income from joint ventures [13]. - Basic earnings per share for 2022 was RMB 0.70, up 52.17% from RMB 0.46 in 2021 [33]. - In 2022, the company achieved a revenue of 22.864 billion RMB, representing a year-on-year growth of 42.03% [59]. - The net profit attributable to the parent company was 232.31 million RMB, an increase of 9.32 million RMB compared to the previous year [59]. - The gross margin for rare earth and related products improved by 3.47 percentage points to 11.95% [68]. - The company's direct sales revenue reached approximately ¥22.86 billion, with a year-over-year increase of 42.03%, while the cost of sales was approximately ¥22.11 billion, reflecting a 42.31% increase [71]. - The gross margin for direct sales was 3.28%, which decreased by 0.20 percentage points compared to the previous year [71]. - The company reported a significant increase in overseas revenue, with a year-on-year growth of 301.77% [68]. Production and Capacity - The company achieved historical highs in the production capacity of rare earth ore, copper concentrate, and sulfur concentrate during the reporting period [20]. - The production volume of rare earth ore increased by 123.64% year-on-year, while the sales volume surged by 1,392.88% [98]. - The company has a total rare earth separation capacity of 14,000 tons per year, achieving ultra-high purity of rare earth oxides [56]. - The company completed the relocation and technological upgrade of a rare earth separation production line, becoming the first in the country to achieve full recycling of wastewater [22]. Research and Development - The company established a "Chief Expert Studio" mechanism to enhance technological innovation and improve overall research and development capabilities [24]. - Research and development expenses increased by 12.03% to 48.73 million RMB, reflecting a commitment to innovation [61]. - The total R&D expenditure was 48,727,338.48 yuan, representing 0.21% of operating revenue [104]. - The number of R&D personnel is 190, accounting for 13.99% of the total workforce [126]. - The company has successfully developed a "biological metallurgy extraction process" for rare earths and is planning pilot tests [80]. Financial Management and Investments - The company successfully raised 1.396 billion RMB through a private placement to support key projects in the rare earth industry [43]. - The company's long-term equity investments rose to 826.78 million RMB, a 21.17% increase from the previous year, primarily due to investment income from joint ventures [159]. - The company’s long-term borrowings decreased by 100% due to repayments and reclassification of borrowings due within one year [109]. - The cash flow from financing activities was 779,408,220.90 yuan, primarily due to funds raised from issuing new shares [106]. Market Position and Strategy - The company is strategically positioned in the Guangdong-Hong Kong-Macao Greater Bay Area, facilitating trade and market expansion [59]. - The company aims to increase its rare earth product production and sales by enhancing its self-mined ore output and improving internal management to reduce production costs [76]. - The company plans to enhance its market position by leveraging its rare earth resource extraction and expanding into emerging downstream demands such as new energy and industrial energy-saving motors [119]. - The company is focusing on expanding its market share in high-performance permanent magnet materials and downstream applications [80]. Operational Challenges and Costs - The material costs for rare earth products increased by 18.50% year-over-year, driven by expanded trading activities [92]. - The manufacturing costs rose significantly by 76.23% due to increased mining activities during the reporting period [92]. - The sales cost increased due to the expansion of sales operations and the hiring of additional sales personnel [85]. - The net cash flow from operating activities decreased primarily due to increased rare earth raw material reserves [87]. - The company reported a net cash flow from operating activities of -377,543,715.95 yuan, a decrease of 170.71% compared to the previous year, primarily due to increased rare earth material reserves [106]. Governance and Compliance - The company will implement a strict compliance management system, including regular self-inspections and compliance training [171]. - The company is committed to addressing safety production risks in mining operations and enhancing compliance with environmental regulations [179]. - The company is committed to integrating party leadership into corporate governance to enhance decision-making quality and execution efficiency [197]. - The company plans to enhance its governance and management capabilities through comprehensive training programs [150]. Future Outlook - In 2023, the company aims to transform resource potential into profitability, marking a critical year for the launch of key projects [166]. - The company plans to accelerate the development of its own mines and pursue external mineral resource acquisitions to enhance profitability and competitiveness [165]. - The company will focus on digital transformation and strengthen the integration of production, learning, and research to drive innovation [174]. - The company aims to improve safety and environmental responsibility through enhanced management and technology support systems [188].

2022 年第三季度报告 单位：元 币种：人民币 1 / 11 证券代码：600259 证券简称：广晟有色 广晟有色金属股份有限公司 2022 年第三季度报告 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： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 本报告期 年初至报告期 | --- | --- | --- | --- | --- | |------------------------------------------------|------------------|------------------------------|-------------------|-------------------- ...

Financial Performance - The company's operating revenue for the first half of 2022 was approximately ¥12.03 billion, representing a 77.53% increase compared to ¥6.77 billion in the same period last year[23] - The net profit attributable to shareholders for the first half of 2022 was approximately ¥187.12 million, a significant increase of 123.69% from ¥83.65 million in the previous year[23] - The net profit after deducting non-recurring gains and losses was approximately ¥193.41 million, up 90.70% from ¥101.42 million year-on-year[23] - The net cash flow from operating activities for the first half of 2022 was negative at approximately -¥1.02 billion, compared to -¥738.62 million in the same period last year[23] - The total assets at the end of the reporting period were approximately ¥8.53 billion, an increase of 46.68% from ¥5.81 billion at the end of the previous year[23] - The net assets attributable to shareholders at the end of the reporting period were approximately ¥3.40 billion, reflecting an 86.45% increase from ¥1.82 billion at the end of the previous year[23] - Basic earnings per share increased by 107.14% to CNY 0.58 compared to the same period last year[25] - Diluted earnings per share also rose by 107.14% to CNY 0.58 year-on-year[25] - The weighted average return on equity increased by 1.85 percentage points to 6.59%[25] Resource Acquisition and Market Position - The company acquired a new mining license for the Zuo Keng rare earth mine, adding 111,400 tons of southern ion-type rare earth resources, significantly enhancing its resource base[38] - The company operates as the only legal rare earth mining entity in Guangdong province, holding all three mining licenses in the region[38] - The company has a total rare earth resource reserve of approximately 13,000 tons from the Pingyuan Renju and Dapu Wufeng rare earth mining areas[38] - The company established a new mining right with an additional rare earth resource of 111,400 tons, strengthening its position in the domestic rare earth market[48] Strategic Initiatives and Operational Efficiency - The company has transitioned to a unified sales model, enhancing its market influence and reducing procurement costs through centralized purchasing[34] - The company aims to optimize its industrial structure by focusing on the integration of rare earth, copper, and tungsten resources[34] - The company successfully completed a non-public offering of A-shares, raising 1.396 billion CNY to support the construction of an 8,000-ton high-performance neodymium-iron-boron permanent magnet materials project[51] - The company increased its R&D efforts, resulting in 33 new patents granted, including a significant invention patent for environmentally friendly rare earth mining technology[51] - The company reduced its headquarters staff by 10% and streamlined its organizational structure, enhancing operational efficiency[44] - The company implemented a dynamic performance assessment system, achieving a 7.35% reduction in auxiliary material procurement costs through centralized purchasing[50] - The company’s high-performance magnetic material project reached structural completion in just 7 months, showcasing operational efficiency despite challenges[48] - The company’s digital transformation included the successful launch of an ERP system, enhancing internal management capabilities[51] - The company’s comprehensive reform measures and strategic initiatives are aimed at achieving high-quality development in the new economic environment[52] Environmental Compliance and Sustainability - The company reported a total wastewater discharge of 570,000 tons in the first half of 2022, with an average COD concentration of ND mg/L and a total COD discharge of 0 tons[96] - The average ammonia nitrogen concentration was 0.295 mg/L, with a cumulative discharge of 0.16815 tons in the first half of 2022, meeting the annual limit of 0.37 tons[98] - The total arsenic discharge was 0.007866 tons, with an average concentration of 0.0138 mg/L, complying with the annual limit of 1.095 tons[98] - The company achieved a cumulative COD discharge of 2.2238 tons in the first half of 2022, well below the permitted limit of 21.1152 tons[105] - Ammonia nitrogen cumulative discharge was 0.0738 tons, significantly lower than the permitted limit of 4.5378 tons[105] - The company maintained all environmental monitoring indicators within compliance during the first half of 2022, with all monitoring reports meeting standards[105] - The company has a valid discharge permit until August 31, 2023, with specific limits for various pollutants including COD ≤ 70 mg/L and ammonia nitrogen ≤ 10 mg/L[104] - The company’s wastewater treatment facility has a daily capacity of 1,000 tons, ensuring compliance with discharge standards[99] - The company reported zero production of tailings and waste stones in the first half of 2022, with a total of 180 tons of sludge generated, all managed as general solid waste[98] - The company’s environmental monitoring is conducted by a qualified third-party firm, ensuring adherence to regulatory requirements[105] - The company has implemented a new intelligent extraction and green environmental protection technology transformation project, which aims to achieve low energy consumption and low pollution in rare earth product separation[158] - The company has completed the environmental impact assessment for the upgrade and relocation project, which will enhance the environmental protection level of mining operations[158] - The company has established an emergency response plan for environmental incidents, which was approved by the local environmental protection bureau[146] - The company has developed a comprehensive environmental monitoring plan, including monthly and quarterly monitoring of pollutant emissions[153] - The company has set up an online monitoring system for wastewater discharge, tracking parameters such as pH, flow, COD, and ammonia nitrogen[154] - The company has achieved a 100% compliance rate in environmental monitoring, with actual monitoring days matching the required monitoring days[152] - The company has adopted green mining construction standards for new open-pit projects, promoting sustainable mining practices[158] - The company has successfully conducted emergency drills for environmental incidents, achieving the expected results[145] - The company has received no administrative penalties related to environmental issues during the reporting period[157] - The company is committed to reducing carbon emissions and promoting sustainable development, aligning with national energy-saving and emission reduction goals[158] Social Responsibility and Community Engagement - The company invested a total of 3.3716 million yuan in poverty alleviation and rural revitalization efforts in the first half of 2022[160] - A total of 525,100 yuan was allocated for helping difficult employees, including support for 11 families and assistance for 90 children of employees[160] - The company donated 1 million yuan to the Shaoguan Charity Federation to support rural revitalization efforts in the region[162] - The company engaged in consumption assistance, purchasing 13,310 jin of high-quality rice for 1,331 employees, contributing a total of 65,000 yuan in consumption assistance from January to June 2022[164] - The company committed 1.5 million yuan for the construction of basic village-level poverty alleviation infrastructure, focusing on public welfare projects[164] - The company provided employment opportunities for 66 individuals from remote areas in 2021, contributing to poverty alleviation and rural revitalization[164] - The company organized a total of 70,500 yuan in慰问金 for employees during the 2022 Spring Festival, supporting both hospitalized and difficult employees[162] - The company plans to continue its support for poverty alleviation and rural revitalization efforts in the second half of 2022[165] Corporate Governance and Compliance - The company has committed to resolving related substantive obstacles to the acquisition of shares in Zhujiang Mining, which is involved in similar business activities[171] - The company aims to stop all suspected competitive business operations related to rare earth sales by May 2021[171] - The company plans to transfer 51% equity of Shenzhen Fuyile to Guangsheng Nonferrous or other unrelated third parties[174] - The company will ensure that its subsidiaries do not engage in similar businesses as Guangsheng Nonferrous within one year from the issuance of the commitment letter[174] - The company reported a total of 47,643,634.95 RMB in related party transactions for the current period, a significant decrease from 497,166,405.46 RMB in the previous period[183] - The company has committed to modifying the business scope of its subsidiaries to eliminate any similar operations to Guangsheng Nonferrous within one year[174] - The company has no significant litigation or arbitration matters during the reporting period[180] - The company reported a related party transaction of 3,712,597.62 RMB for sulfur concentrate with Shenzhen Zhongjin Lingnan Nonferrous Metals Co., Ltd. in the current period[183] - The company will strengthen communication with state-owned asset departments to ensure the approval process for commitments is completed smoothly[174] - The company has committed to ensuring that its controlled enterprises do not engage in competitive activities with Guangsheng Nonferrous[174] - The company reported a related party transaction of 43,761,061.96 RMB for rare earth products with Guangdong Rare Earth Industry Group Co., Ltd. in the current period[183] - The company has no non-operating fund occupation by controlling shareholders and other related parties during the reporting period[178] Financial Transactions and Investments - The company approved the purchase of an office building and related transactions at the board meeting on June 10, 2022[186] - The company has a maximum daily deposit balance of RMB 1 billion with Guangdong Guangsheng Financial Company, with a comprehensive credit limit of RMB 1.7 billion[187] - As of the end of the reporting period, the company had a deposit balance of RMB 440 million with Guangdong Guangsheng Financial Company[195] - The company received RMB 300 million in financial support, with a repayment of RMB 100 million during the reporting period, leaving a balance of RMB 200 million[190] - The company has a loan limit of RMB 1.7 billion from Guangdong Guangsheng Financial Company, with an interest rate range of 3%-3.85%[196] - The total amount of credit provided by Guangdong Guangsheng Financial Company is RMB 1.7 billion, with an actual occurrence of RMB 194.44 million[199] - The company awarded a contract for the EPC project of a high-performance neodymium-iron-boron permanent magnet material project for RMB 365.32 million[200] - The company awarded a contract for the design and construction of a rare earth mineral relocation project for RMB 47.73 million[200]

Financial Performance - The company's operating revenue for Q1 2022 was approximately ¥4.87 billion, representing a 75.42% increase compared to the same period last year[5]. - Net profit attributable to shareholders was approximately ¥81.44 million, marking a 94.67% increase year-over-year[5]. - The basic earnings per share for the period was ¥0.26, an increase of 85.71% compared to ¥0.13 in the previous year[7]. - Total revenue for Q1 2022 reached ¥4,866,885,507.33, a significant increase from ¥2,774,483,191.59 in Q1 2021, representing a growth of approximately 75.3%[31]. - Net profit for Q1 2022 was ¥83,536,323.25, up from ¥49,504,190.98 in Q1 2021, reflecting a growth of approximately 68.7%[35]. Assets and Liabilities - Total assets at the end of the reporting period reached approximately ¥7.02 billion, reflecting a 20.79% increase from the end of the previous year[7]. - The company's total assets increased to ¥7,021,132,059.50 in Q1 2022 from ¥5,812,489,458.69 in Q1 2021, marking a growth of about 20.8%[31]. - Total liabilities decreased to ¥3,582,155,931.58 in Q1 2022 from ¥3,844,934,261.71 in Q1 2021, a reduction of approximately 6.8%[31]. Shareholder Equity - The equity attributable to shareholders increased to approximately ¥3.29 billion, an 80.64% rise compared to the previous year[7]. - The company's equity attributable to shareholders rose to ¥3,291,123,807.78 in Q1 2022 from ¥1,821,889,028.75 in Q1 2021, an increase of about 80.7%[31]. Cash Flow - The company reported a net cash flow from operating activities of approximately -¥804.61 million, worsening from -¥486.14 million in the same period last year[7]. - Cash inflow from operating activities totaled CNY 5,191,744,557.99, significantly higher than CNY 2,899,464,918.10 in the previous year[41]. - Cash outflow from operating activities was CNY 5,996,350,832.08, compared to CNY 3,441,348,683.18 in the previous year, resulting in a net cash flow from operating activities of CNY -804,606,274.09[41]. - Cash inflow from financing activities amounted to CNY 1,693,818,962.85, up from CNY 732,586,419.56 in the previous year[43]. - The net cash flow from financing activities was CNY 1,241,990,402.42, compared to CNY 151,255,546.08 in the previous year[43]. Investment and Expenses - Research and development expenses increased by 121.63%, indicating a significant investment in new projects and technologies[14]. - Research and development expenses for Q1 2022 were ¥19,786,556.35, significantly higher than ¥8,927,620.87 in Q1 2021, representing an increase of approximately 121.0%[35]. - The company incurred CNY 54,921,493.45 in employee compensation, slightly up from CNY 51,665,896.44 in the previous year[41]. - The total cash outflow for investment activities was CNY 39,980,214.76, compared to CNY 39,636,166.04 in the previous year, resulting in a net cash flow from investment activities of CNY -39,189,951.12[41]. Acquisitions and Share Issuance - The company completed the acquisition of a 51% stake in Fuyile Company for ¥32.39 million, which was accounted for in the financial statements[9]. - The company issued new shares, resulting in a 22.81% increase in cash and cash equivalents due to funds received from the capital increase[14]. - The company successfully raised a total of RMB 1,396,081,181.89 through a private placement of 34,633,619 shares at a price of RMB 40.31 per share[22]. - The net proceeds from the private placement, after deducting related expenses, amounted to RMB 1,386,243,456.97[22]. Accounts Receivable and Inventory - The company expanded its business scale, leading to a 201.87% increase in accounts receivable due to higher sales volume[14]. - Accounts receivable increased significantly to RMB 338,236,136.14 from RMB 112,045,792.08, representing a growth of 201.5%[25]. - Inventory levels rose to RMB 2,178,514,583.81, compared to RMB 1,946,144,212.98, indicating an increase of 11.9%[25].

Financial Performance - The net profit attributable to shareholders for 2021 was CNY 139.0871 million, with accumulated undistributed profits of CNY -542.9238 million[7]. - The company's operating revenue for 2021 was approximately ¥16.10 billion, representing a 54.34% increase compared to ¥10.43 billion in 2020[25]. - Net profit attributable to shareholders for 2021 was approximately ¥139.09 million, a significant increase of 167.01% from ¥52.09 million in 2020[25]. - The net cash flow from operating activities for 2021 was approximately ¥533.94 million, reflecting an 18.10% increase from ¥452.09 million in 2020[25]. - The company's total assets at the end of 2021 were approximately ¥5.81 billion, a 19.29% increase from ¥4.87 billion at the end of 2020[25]. - Basic earnings per share for 2021 were ¥0.46, up 170.59% from ¥0.17 in 2020[28]. - The weighted average return on equity for 2021 was 7.82%, an increase of 4.78 percentage points from 3.04% in 2020[28]. - The net profit attributable to shareholders in Q4 2021 was approximately ¥11.40 million, a decrease compared to previous quarters[31]. - Non-recurring gains and losses for 2021 included approximately ¥20.94 million from the disposal of non-current assets[35]. - The company's net assets attributable to shareholders at the end of 2021 were approximately ¥1.82 billion, a 5.70% increase from ¥1.72 billion at the end of 2020[25]. Corporate Governance - The board of directors has confirmed that all members attended the board meeting, ensuring the report's authenticity and completeness[5]. - The company held 1 annual general meeting and 5 extraordinary general meetings in 2021, ensuring equal voting rights for all shareholders, especially minority shareholders[170]. - The board of directors convened 12 times in 2021, consisting of 9 members, including 3 independent directors, ensuring compliance with legal regulations[172]. - The supervisory board met 8 times in 2021, with 5 members, including 2 employee supervisors, fulfilling its responsibilities to oversee the company's financial status and management performance[173]. - The company has established a governance mechanism that ensures clear responsibilities and effective operation among its power, decision-making, supervisory, and management bodies[169]. - The company is focused on maintaining a strong governance structure with independent directors and a supervisory board[190]. - The company has committed to resolving competition issues with its indirect controlling shareholder, Guangsheng Group, by transferring 35% of shares in Guangsheng Jianfa to unrelated third parties within three years[179]. - The company has made significant progress in addressing environmental and safety risks associated with mining operations, adhering to stricter national regulations[3]. Strategic Initiatives - The company successfully raised 1.396 billion yuan through a private placement of A-shares, enhancing its financial stability and supporting strategic projects[46]. - The company is advancing the construction of a high-performance neodymium-iron-boron permanent magnet material project, which commenced on December 30, 2021[49]. - The company has established a new mining license for the Huachi Rare Earth Mine, ensuring resource security for future operations[49]. - The company is developing a new environmentally friendly mining process, which has achieved significant breakthroughs and is expected to enter the industrial testing phase soon[51]. - The company aims to integrate resources and strengthen the rare earth industry chain to improve profitability and solidify its market position[57]. - The company plans to publicly transfer 80% of the equity of its subsidiary Heyuan High-tech Company, with a successful bid amount of RMB 35.71 million[145]. - The company is developing a green demonstration factory for rare earth separation, aiming to become the largest in the country[156]. - The company is focusing on expanding its market presence and enhancing its operational management capabilities[199]. Market and Industry Trends - The rare earth industry is experiencing a fundamental shift towards better regulation and increased demand due to the rapid growth of industries such as electric vehicles and wind power[56]. - During the reporting period, rare earth prices rebounded significantly due to supply constraints and rapid downstream industry development, with market inventory quickly depleting[59]. - The introduction of the "Rare Earth Management Regulations" on January 15, 2021, is expected to further restrict supply and enhance the value of rare earths, leading to increased industry concentration and bargaining power[60]. - The demand for rare earths is expected to significantly increase due to rapid developments in new energy vehicles, wind power, and industrial robots[150]. - The company faces risks from macroeconomic fluctuations and potential changes in rare earth industry policies[164]. - Rare earth product prices are subject to cyclical fluctuations, which may impact the company's profitability if prices stabilize[165]. Research and Development - Research and development expenses increased by 116.4% to 43.5 million RMB, reflecting the company's commitment to innovation[86]. - The total R&D expenditure for the period was CNY 43,493,309.12, accounting for 0.27% of the operating revenue[109]. - The number of R&D personnel is 112, representing 9.13% of the total workforce[109]. - The company reported a significant increase in R&D expenses, which rose by 116.40% to approximately ¥43.49 million, reflecting the company's commitment to innovation[106]. Operational Efficiency - The company has strengthened its internal management, with 25 internal regulations revised and 11 new policies introduced to enhance operational efficiency[50]. - The company has implemented measures to enhance operational efficiency and optimize management to maximize shareholder value[174]. - The company employs a centralized procurement model for raw materials, effectively reflecting market prices and reducing procurement costs[70]. - The production of rare earths is strictly controlled according to national production plans, ensuring compliance and preventing overproduction[71]. Financial Management - The company reduced short-term borrowings by 31.69% to CNY 808,828,406.66[120]. - The company’s long-term borrowings increased by 97.64% to CNY 1,373,588,296.23 due to increased financing[120]. - The cash flow from investment activities was negative at CNY -173,029,708.90, mainly due to the previous acquisition of a 40% stake in a subsidiary[113]. - The overall cost of raw materials increased by 47.93% year-on-year, totaling RMB 120,232.93 million, with domestic procurement accounting for 91.43% of the total[138]. Remuneration and Compensation - The total pre-tax remuneration for the board members and senior management during the reporting period amounted to CNY 1,156.46 million[187]. - Zhang Xigang, the chairman, received a total pre-tax remuneration of CNY 51.00 million[187]. - Yu Hong, the president, received a total pre-tax remuneration of CNY 131.16 million[187]. - Liu Zilong, a director, received a total pre-tax remuneration of CNY 128.46 million[187]. - The total remuneration for all directors, supervisors, and senior management personnel during the reporting period amounted to 11.5646 million yuan[198]. - The company has established a compensation management method for directors and senior management, effective from 2020[195].

Financial Performance - The company's operating revenue for Q3 2021 reached ¥4,375,792,549.64, representing a 58.56% increase compared to the same period last year[5] - Net profit attributable to shareholders was ¥44,035,551.59, a significant increase of 426.93% year-on-year[5] - The net profit after deducting non-recurring gains and losses was ¥48,572,153.12, with a year-on-year increase not applicable due to previous losses[5] - Basic earnings per share for Q3 2021 were ¥0.15, up 400.00% from ¥0.02 in the same period last year[5] - The company experienced a 70.93% increase in operating revenue for the first nine months of 2021, totaling ¥11,149,774,161.67[15] - Net profit for the third quarter of 2021 was CNY 140,224,021.09, a substantial rise from CNY 23,719,149.53 in the same quarter of 2020, reflecting an increase of approximately 490%[34] - The total comprehensive income attributable to the parent company was CNY 125,948,517.63, an increase of 305.5% compared to CNY 31,048,997.18 in the same period last year[36] - Basic and diluted earnings per share were both CNY 0.42, up from CNY 0.10 in the previous year, representing a 320% increase[36] Assets and Liabilities - Total assets as of September 30, 2021, amounted to ¥5,996,405,355.89, reflecting a 23.00% increase from the end of the previous year[8] - The company's total assets as of September 30, 2021, were CNY 5,996,405,355.89, compared to CNY 4,875,052,169.00 at the end of 2020, showing an increase of approximately 23%[31] - Current liabilities totaled CNY 2,890,566,562.16 as of September 30, 2021, compared to CNY 2,230,564,443.12 in the previous year, indicating an increase of about 30%[31] - The company's total liabilities reached CNY 4,035,673,133.53, up from CNY 2,986,671,822.62 in the previous year, representing an increase of approximately 35%[31] - The equity attributable to shareholders of the parent company increased to CNY 1,814,093,269.06 from CNY 1,725,328,955.39, showing a growth of about 5%[31] Cash Flow - Net cash flow from operating activities was -¥676,051,247.52, showing a significant increase in cash outflows due to higher purchases of goods[18] - Net cash flow from investing activities was -¥144,093,762.26, a decrease of 357.91% due to increased payments for fixed asset acquisitions[18] - Net cash flow from financing activities decreased to ¥253,275,935.63, down 17.12% as a result of increased payments for equity purchases under common control[18] - Cash inflow from operating activities totaled CNY 12,164,262,508.00, a significant increase of 58.5% from CNY 7,662,204,318.49 in the same period last year[36] - The net cash outflow from operating activities was CNY -676,051,247.52, worsening from CNY -276,540,287.87 in the previous year[39] - Cash inflow from financing activities was CNY 1,631,203,816.37, slightly up from CNY 1,630,831,599.31 year-over-year[39] - The net cash outflow from investing activities was CNY -144,093,762.26, compared to a net inflow of CNY 55,870,841.39 in the same period last year[39] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 47,911, with the largest shareholder holding 42.87% of the shares[22] - The largest shareholder, Guangdong Rare Earth Industry Group Co., Ltd., holds 129,372,517 shares, which are pledged[22] Research and Development - R&D expenses increased to ¥30,267,436.17, a rise of 170.16% due to higher investment in R&D projects and related costs[18] - Research and development expenses for the third quarter of 2021 amounted to CNY 30,267,436.17, up from CNY 11,203,488.77 in the previous year, marking an increase of about 170%[34] Acquisitions and Investments - The company completed the acquisition of a 51% stake in Fuyile Company for ¥32,389,200, which required retrospective adjustments to financial statements[9] - Investment income rose to ¥37,150,850.29, reflecting a 72.39% increase attributed to higher long-term equity investment income accounted for using the equity method[18] Other Financial Metrics - The company reported a net loss from minority shareholders of CNY -7,329,847.65, compared to a profit of CNY 14,275,503.46 in the same period last year[36] - The company's cash flow from sales of goods and services received was CNY 12,001,560,351.05, an increase of 59.8% from CNY 7,512,868,560.00 in the previous year[36]

Financial Performance - The company's operating revenue for the first half of 2021 reached ¥6,773,981,612.03, representing an increase of 80.01% compared to ¥3,763,043,255.07 in the same period last year[24]. - Net profit attributable to shareholders of the listed company was ¥81,912,966.04, a significant increase of 260.98% from ¥22,692,047.22 in the previous year[24]. - The net profit after deducting non-recurring gains and losses was ¥101,422,342.26, up 1,057.42% from ¥8,762,766.20 in the same period last year[24]. - The company's total assets increased by 21.57% to ¥5,926,630,926.53 from ¥4,875,052,169.00 at the end of the previous year[24]. - The net assets attributable to shareholders of the listed company rose to ¥1,770,487,244.24, reflecting a 2.62% increase from ¥1,725,328,955.39 at the end of the previous year[24]. - Basic earnings per share for the reporting period (1-6 months) increased to CNY 0.27, a 237.50% increase compared to the same period last year (CNY 0.08)[25]. - Diluted earnings per share for the reporting period also reached CNY 0.27, reflecting the same 237.50% increase year-over-year[25]. - The weighted average return on equity rose to 4.65%, an increase of 3.36 percentage points from the previous year[25]. Cash Flow and Assets - The net cash flow from operating activities was negative at -¥738,615,649.18, compared to -¥44,226,600.61 in the same period last year[24]. - Cash and cash equivalents decreased by 25.19% to ¥824,629,765.56, accounting for 13.91% of total assets[55]. - Accounts receivable increased by 115.61% to ¥493,480,696.97, representing 8.33% of total assets due to business expansion[55]. - Inventory rose by 34.82% to ¥2,344,790,933.01, making up 39.56% of total assets as a result of increased procurement[55]. - Long-term borrowings increased by 66.51% to ¥1,173,882,800.00, accounting for 19.81% of total assets due to higher financing[58]. Business Operations and Strategy - The company is positioned as the only listed platform of Guangdong Rare Earth Group, controlling three rare earth mining enterprises and two processing plants[31]. - The company plans to raise up to 1.396 billion RMB through a private placement to extend its rare earth downstream application industry chain[44]. - The company is advancing its rare earth mining projects, with significant increases in self-produced ore expected next year[45]. - The company has completed acquisitions of projects from Iron Triangle and Rundar companies, currently exploring resources for future rare earth exploration permits[45]. - The company acquired 51% equity of Fuyile Company from its controlling shareholder for CNY 32.3892 million, constituting a business combination under common control[28]. Environmental Compliance - The company reported a wastewater discharge of 75,000 tons from January to June 2021, with an average COD concentration of 9 mg/L[83]. - The company’s wastewater discharge limit is set at 150,000 tons per year, with specific pollutant concentration limits[83]. - The company’s overall environmental management practices are in line with the requirements set by the local ecological environment bureau[91]. - The company operates a wastewater treatment facility that runs 24 hours a day, ensuring compliance with environmental regulations[119]. - The company has implemented an online monitoring system for wastewater discharge, which is connected to the national monitoring platform[114]. Community and Social Responsibility - The company has actively participated in poverty alleviation initiatives, contributing 5 million to local community projects in 2021[145]. - The company invested a total of 754,500 yuan in targeted poverty alleviation and rural revitalization efforts during the first half of 2021[148]. - Medical assistance and living aid were provided to 106 employees, with a total expenditure of 295,000 yuan[148]. - The company conducted a "cooling down" initiative for 1,748 employees working in high-temperature conditions, spending 260,300 yuan on refreshments and support[148]. Legal and Compliance Issues - The company has ongoing significant litigation matters, including a civil lawsuit against Wanli Electronics for unpaid debts totaling RMB 16,419,555, with a court ruling in favor of the company[171]. - The company is involved in a civil lawsuit with Xinchengji Company regarding damages from a landslide, claiming a total of RMB 8,970,000 in losses[171]. - The company has reported no non-operating fund occupation by controlling shareholders or related parties during the reporting period[164]. - The company has not faced any significant litigation or arbitration matters that were not disclosed in temporary announcements during the reporting period[166]. Related Party Transactions - The company reported a total of related party transactions amounting to RMB 497,166,405.46 in the current period, a significant increase from RMB 31,917,597.64 in the previous period, reflecting a growth of approximately 1,556%[174]. - The company purchased copper concentrate and sulfur concentrate from Guangdong Dabaoshan Mining Co., Ltd. for RMB 252,370,109.46, compared to RMB 31,759,151.43 in the previous period, indicating a substantial increase in procurement activities[174].