Financial Performance - The company's operating revenue for Q3 2022 was ¥416,437,632.23, a decrease of 43.35% compared to the same period last year[7] - The net profit attributable to shareholders was a loss of ¥18,812,386.58, representing a decline of 126.68% year-on-year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥58,277,707.91, down 225.74% from the previous year[7] - The basic earnings per share for the quarter was -¥0.0093, a decrease of 126.80% compared to the same period last year[9] - The weighted average return on equity was -4.12%, a decrease of 26.99 percentage points year-on-year[9] - Net profit for the third quarter of 2022 was CNY 95,828,621.71, a significant decrease of 67.32% compared to CNY 293,509,615.77 in the same quarter of 2021[40] - The company reported a comprehensive income total of CNY 96,014,632.59 for the third quarter of 2022, down from CNY 293,504,756.09 in the previous year[43] - Basic earnings per share for the third quarter of 2022 were CNY 0.0471, compared to CNY 0.1444 in the same period of 2021, indicating a decline of 67.32%[43] Production and Sales - The company reported a total of 6,902.43 tons of zinc ingots produced in Q3 2022, a year-on-year decrease of 49.40%[15] - The sales volume of zinc ingots in Q3 2022 was 7,177.10 tons, down 47.97% compared to the same period last year[15] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,352,139,109.58, an increase of 4.03% from the end of the previous year[9] - The total liabilities of the company as of the end of the reporting period were CNY 1,903,093,001.95, slightly down from CNY 1,912,041,534.57 in the previous year[36] - The total equity attributable to shareholders of the parent company increased to CNY 448,673,925.74 from CNY 348,757,383.90, reflecting a growth of 28.63%[36] - The company has frozen assets including ¥54,917,887.93 in bank deposits and properties valued at ¥48,786,606.98, impacting its operational flexibility[24] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥266,078,395.11, an increase of 349.56% compared to the previous year[7] - The net cash flow from operating activities increased by 349.56% compared to the same period last year, mainly due to an increase in the collection of bank acceptance bills[18] - Operating cash inflow totaled CNY 1,911,356,427.27, an increase from CNY 1,712,797,183.42 year-over-year[46] - Net cash outflow from operating activities was CNY 1,645,278,032.16, slightly down from CNY 1,653,610,189.44 in the previous period[46] - The ending cash and cash equivalents balance was CNY 271,006,037.06, up from CNY 172,958,266.98 year-over-year[48] - The company reported a net increase in cash and cash equivalents of CNY 73,188,895.98, contrasting with a decrease of CNY 6,495,683.07 in the previous period[48] Investments and Shareholder Information - Long-term equity investments increased by 42.86% compared to the end of last year, primarily due to increased compensation payments to the associated company Tibet Hongda Duolong Mining Co., Ltd.[16] - The total number of ordinary shareholders at the end of the reporting period was 119,443[19] - The largest shareholder, Sichuan Hongda Industrial Co., Ltd., holds 536,237,405 shares, accounting for 26.39% of total shares[19] - The company reported a net investment income of CNY 33,791,308.08 for the third quarter of 2022, compared to CNY 544,398.36 in the same period of 2021, indicating a substantial increase[40] Operational Challenges - The company lost control over its former subsidiary Jianchuan Yiyun Company, which is no longer included in the consolidated financial statements[16] - The company has lost control over its wholly-owned subsidiary, Jianchuan Yiyun, which has been in bankruptcy proceedings since August 2022, resulting in an investment income of ¥33,791,308.08 recognized in the consolidated financial statements[25] - The company is actively communicating with Jinding Zinc Industry and local authorities to resolve the frozen asset situation and ensure normal business operations[24]

Financial Performance - The company's operating revenue for the first half of 2022 was RMB 1,599,113,631.15, representing a 16.18% increase compared to RMB 1,376,408,275.87 in the same period last year[20]. - The net profit attributable to shareholders of the listed company decreased by 48.61% to RMB 114,564,074.95 from RMB 222,937,216.47 in the previous year[20]. - The basic earnings per share decreased by 48.59% to RMB 0.0564 from RMB 0.1097 in the same period last year[22]. - The weighted average return on net assets decreased by 110.41 percentage points to 28.14% from 138.55% in the previous year[22]. - The company reported a 139.41% increase in taxes payable, amounting to RMB 14,932,348.98, mainly due to increased VAT from a subsidiary[50]. - The company achieved operating revenue of CNY 1.599 billion in the first half of 2022, representing a 16.18% increase compared to the same period last year[44]. - The net profit attributable to shareholders was CNY 114.56 million, a decrease of 48.61% year-on-year[44]. - The company reported a net impairment loss of RMB 1,287,379.94, compared to a loss of RMB 524,488.73 in the previous year, indicating increased financial challenges[183]. Cash Flow and Investments - The net cash flow from operating activities increased by 51.94% to RMB 50,128,709.36, compared to RMB 32,991,818.90 in the same period last year[21]. - The net cash flow from investment activities was negative at RMB 79,867,568.59, a significant increase in cash outflow compared to the previous year[46]. - The cash flow from financing activities showed a net outflow of RMB -44,673,288.79, slightly improved from RMB -49,706,396.13 in the previous year[192]. - The company reported a cash and cash equivalents balance of approximately RMB 123.49 million at the end of the first half of 2022, down from RMB 129.83 million at the end of the first half of 2021[191]. - The cash outflow from investing activities totaled RMB 82,494,243.22, compared to RMB 40,364,330.45 in the first half of 2021, indicating a significant increase in investment spending[192]. Assets and Liabilities - The total assets at the end of the reporting period were RMB 2,319,329,372.26, a 2.58% increase from RMB 2,261,094,132.28 at the end of the previous year[21]. - The total liabilities amounted to CNY 1,853,426,087.42, down from CNY 1,912,041,534.57, indicating a decrease of about 3.06%[177]. - The equity attributable to shareholders increased to CNY 465,535,327.41, up from CNY 348,757,383.90, representing a growth of approximately 33.47%[177]. - The company's short-term borrowings were CNY 758,910,000.00, a decrease of 3.06% from CNY 784,250,000.00[176]. Production and Capacity - The company’s zinc ingot production capacity is 100,000 tons per year, and zinc alloy production capacity is also 100,000 tons per year[30]. - The company has a high-nutrient monoammonium phosphate production capacity of 170,000 tons per year, with a total compound fertilizer capacity of 300,000 tons per year[32]. - The company’s phosphoric acid production utilizes sulfuric acid from its zinc smelting process, effectively reducing production costs[33]. - The company operates a 100kt/a zinc ingot production line and a 100kt/a zinc alloy production line, both achieving standard emissions[107]. Environmental Compliance - The company strictly adhered to environmental regulations, with no penalties from ecological departments during the reporting period[103]. - The company has established a comprehensive wastewater emergency disposal system to prevent environmental contamination during incidents[89]. - The company has implemented a two-stage gas treatment system, including alkaline washing and electric dust removal, to reduce emissions[107]. - The company has a solid waste treatment rate of 100%, with hazardous waste being properly stored and transferred according to regulations[112]. Legal and Regulatory Issues - The company is involved in a lawsuit with a total claim amount of RMB 2,117,076,022.00[138]. - The court has frozen the company's deposits amounting to RMB 210,242,161.00 and shares worth RMB 77,561.78 million in Sichuan Trust[138]. - The company has been ordered by the Supreme People's Court to return profits of CNY 1,074,102,155.4 to Jinding Zinc Industry after the court ruled that the company's 60% equity stake was invalid[139]. - The company is actively seeking to resolve the Jinding Zinc Industry case and is exploring multiple funding sources to repay the owed profit return[148]. Research and Development - Research and development expenses surged by 1,849.09% to CNY 988,026.51, indicating a strong focus on innovation[44]. - The company holds over 80 patents and has developed competitive products in the phosphate market, including high-nutrient ammonium phosphate[37]. - The company has established strategic partnerships with multiple research institutions to enhance product structure and sustainable development[37]. Shareholder Information - The company has 128,661 common stock shareholders as of the end of the reporting period[163]. - The largest shareholder, Sichuan Hongda Industry Co., Ltd., holds 536,237,405 shares, representing 26.39% of total shares, with 10 million shares reduced during the reporting period[165]. - The company emphasizes that all related party transactions are conducted at market prices, ensuring fairness and compliance with regulations[156].

Financial Performance - The company achieved a net profit attributable to the parent company of CNY 305,773,112.41 for the year 2021, with the parent company alone reporting a net profit of CNY 186,062,110.64[8]. - The company's operating revenue for 2021 was approximately RMB 2.91 billion, representing a 27.46% increase compared to RMB 2.28 billion in 2020[28]. - The net profit attributable to shareholders for 2021 was approximately RMB 305.77 million, a significant recovery from a net loss of RMB 2.25 billion in 2020[28]. - The basic earnings per share for 2021 was RMB 0.1505, compared to a loss of RMB 1.1055 per share in 2020[31]. - The total assets at the end of 2021 were approximately RMB 2.26 billion, a decrease of 2.84% from RMB 2.33 billion at the end of 2020[31]. - The company's net assets attributable to shareholders increased to approximately RMB 348.76 million, a 619.24% increase from RMB 48.49 million in 2020[31]. - The cash flow from operating activities for 2021 was approximately RMB 132.44 million, a recovery from a negative cash flow of RMB 23.86 million in 2020[28]. - The company achieved a weighted average return on equity of 151.77% in 2021, an increase of 343.24 percentage points from -191.47% in 2020[31]. - The company reported a significant increase in cash flow from operating activities, amounting to CNY 132,435,209.53, compared to a negative cash flow in the previous year[68]. Market Strategy and Expansion - The company plans to enhance its overall revenue and profit levels by strengthening its competitive advantages in metallurgy and chemical processes, including the introduction of new equipment for zinc processing[4]. - The company aims to expand its market share in phosphate and high-value-added products by increasing investment in new products and improving supporting facilities[7]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[19]. - The company is focused on optimizing internal management to reduce manufacturing costs and enhance operational efficiency[7]. - The company is enhancing its production efficiency in synthetic ammonia to lower the comprehensive production costs of its phosphate products[7]. - The company achieved significant economic benefits from phosphate products due to strong downstream market demand, with prices rising sharply[40]. - The company plans to enhance product innovation and development of high-value products such as zinc alloys and high-concentration ammonium phosphate[150]. - The company is actively investing in new product development, focusing on innovative technologies to enhance competitive advantage[181]. - Market expansion strategies include entering new geographic regions and increasing distribution channels to boost sales[181]. Operational Challenges and Risk Management - The company faced challenges in zinc smelting due to high procurement costs and reduced production volumes, impacting overall performance[43]. - The company will actively engage in communication and negotiation regarding ongoing litigation to ensure its continued operations[4]. - The company has received an unqualified audit report with an emphasis on significant uncertainties related to its ongoing operations[4]. - The company faces risks related to contract disputes, including a court ruling that invalidated its 60% stake in Jinding Zinc Industry, leading to a profit return of approximately 1.07 billion yuan[152]. - The company has frozen bank deposits amounting to ¥33,218,523.69 and faced risks of judicial disposal of assets due to ongoing litigation[155]. - The company’s bank accounts have been frozen due to a contract dispute, but daily operations remain stable with sufficient liquidity for basic needs[158]. - The company’s operations are significantly influenced by macroeconomic policies and industry dynamics, particularly in the zinc and phosphate sectors, affecting profitability[161]. Research and Development - The company focused on technological research and development, achieving significant results in phosphate technology upgrades and new product development[42]. - The company holds over 80 patents and has developed advanced production technologies for high-content water-soluble phosphate fertilizers[65]. - The total R&D expenditure was ¥89,765.92, representing 0.003% of the operating income, with no capitalized R&D expenses[89]. - The company employed 59 R&D personnel, accounting for 2.17% of the total workforce, with no PhD researchers[90]. Governance and Compliance - The company has established a comprehensive governance structure, holding 2 shareholder meetings and 4 board meetings during the reporting period to ensure compliance and protect shareholder rights[167][168]. - The company has revised its information disclosure management system in accordance with the China Securities Regulatory Commission's regulations, ensuring accurate and timely information disclosure to all shareholders[169]. - The internal control system has been strengthened, with an internal control self-evaluation report prepared and audited, ensuring the authenticity and completeness of the company's assets[169]. - The company has implemented strict insider information management, maintaining confidentiality and preventing insider trading, thereby protecting investors' rights[172]. - The board of directors has ensured complete operational independence from the controlling shareholder, with no significant differences in governance structure[172]. - The company has successfully maintained compliance with all relevant laws and regulations regarding corporate governance and information disclosure[169]. Future Outlook - In 2022, the company plans to achieve revenue of 2.8 billion yuan and control operating costs at 2.5 billion yuan, with a fixed asset investment of 50 million yuan[151]. - The company aims to produce 60,000 tons of zinc ingots (zinc alloys), 360,000 tons of phosphate products, 160,000 tons of compound fertilizers, and 120,000 tons of synthetic ammonia in 2022[151]. - The phosphate chemical industry is anticipated to remain in a tight supply-demand balance, with no new capacity expected due to environmental regulations[146]. - The company expects to see growth in zinc demand due to a sustainable development mechanism in the real estate sector and infrastructure support[144]. - Future outlook indicates a strong growth trajectory, with expectations of continued expansion in market share and product offerings[181].

Financial Performance - The company's operating revenue for Q1 2022 was ¥746,844,037.01, representing a year-on-year increase of 22.43%[6] - The net profit attributable to shareholders was ¥32,568,552.19, showing a decrease of 10.18% compared to the same period last year[6] - The basic earnings per share (EPS) was ¥0.016, down by 10.11% year-on-year[6] - Total operating revenue for Q1 2022 was 746,844,037.01 CNY, an increase of 22.3% compared to 610,016,393.57 CNY in Q1 2021[36] - Net profit for Q1 2022 was 32,598,866.40 CNY, a decrease of 10.5% from 36,269,407.00 CNY in Q1 2021[38] - Earnings per share for Q1 2022 were 0.0160 CNY, compared to 0.0178 CNY in Q1 2021[40] - Other income for Q1 2022 was 4,467,316.68 CNY, significantly higher than 1,120,727.73 CNY in Q1 2021, showing improved financial performance[36] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,300,998,386.29, an increase of 1.76% from the end of the previous year[9] - The company's current assets amounted to approximately ¥1.03 billion, up from ¥995.47 million in the previous year, indicating an increase of about 3.5%[31] - The total liabilities of the company were approximately ¥1.92 billion, slightly up from ¥1.91 billion, reflecting a marginal increase of about 0.7%[34] - The company reported a significant liability of 629,446,290.27 RMB, including a principal repayment of 492,756,063.13 RMB and delayed performance fees of 136,690,227.14 RMB[19] Production and Sales - The production of zinc ingots (including zinc alloys) in Q1 2022 was 9,656.26 tons, a year-on-year decrease of 20.20%[10] - The sales volume of zinc ingots in Q1 2022 was 9,861.41 tons, down by 25.87% compared to the previous year[10] Cash Flow - The company's cash flow from operating activities was ¥37,418,843.27, with no applicable year-on-year comparison provided[6] - Cash flow from operating activities for Q1 2022 was 37,418,843.27 CNY, a significant improvement from a negative cash flow of -16,501,233.52 CNY in Q1 2021[40] - The net increase in cash and cash equivalents was -$55.16 million, compared to -$67.69 million previously[41] - The ending balance of cash and cash equivalents was $142.66 million, up from $111.76 million in the previous period[41] Shareholder Information - The total number of common shareholders at the end of the reporting period is 127,817, with Sichuan Hongda Industrial Co., Ltd. holding 536,237,405 shares, accounting for 26.39% of the total share capital[15] - As of January 27, 2022, Sichuan Hongda's shareholding decreased by 10 million shares, now holding 536,237,405 shares, all of which are unrestricted circulating shares[18] Legal and Regulatory Issues - The company is currently involved in significant litigation, with a total of approximately ¥637.21 million in profit return and delayed performance fees owed to Jinding Zinc Industry[23] - The company has frozen assets including bank deposits of approximately ¥52.20 million and real estate valued at approximately ¥50.55 million due to ongoing legal disputes[23] - The company is facing a court ruling requiring it to pay approximately ¥16.80 million to Jianchuan Pengfa Zinc Industry, which has been accounted for in the 2020 financial results[26] Strategic Initiatives - The company aims to enhance overall revenue and profit levels by improving zinc processing and expanding into new materials and fine chemicals[21] - The company plans to increase production capacity of ammonia at its subsidiary to reduce costs of phosphate products and improve economic efficiency[21] - The company will focus on product structure adjustments and expanding sales channels to increase market share of high-value-added products[21] - The company intends to strengthen internal management to reduce manufacturing costs and enhance operational efficiency[21] - The company will broaden financing channels to ensure sufficient working capital for stable development[21] - The company emphasizes improving governance and internal control systems to enhance risk prevention capabilities[21]

Financial Performance - The company achieved a net profit attributable to the parent company of CNY 305,773,112.41 in 2021, with the parent company alone reporting a net profit of CNY 186,062,110.64[8]. - The company's operating revenue for 2021 was approximately RMB 2.91 billion, representing a 27.46% increase compared to RMB 2.28 billion in 2020[28]. - The net profit attributable to shareholders in 2021 was approximately RMB 305.77 million, a significant recovery from a net loss of RMB 2.25 billion in 2020[28]. - The basic earnings per share for 2021 was RMB 0.1505, compared to a loss of RMB 1.1055 per share in 2020[31]. - The total assets at the end of 2021 were approximately RMB 2.26 billion, a decrease of 2.84% from RMB 2.33 billion at the end of 2020[31]. - The company's net assets attributable to shareholders increased to approximately RMB 348.76 million, a 619.24% increase from RMB 48.49 million in 2020[31]. - The cash flow from operating activities for 2021 was approximately RMB 132.44 million, a recovery from a negative cash flow of RMB 23.86 million in 2020[28]. - The weighted average return on equity for 2021 was 151.77%, an increase of 343.24 percentage points from -191.47% in 2020[31]. - The company reported a significant increase in net profit margins, indicating improved operational efficiency and profitability[28]. Market Strategy and Development - The company plans to enhance its competitive advantage in the non-ferrous metal zinc smelting and processing sector, focusing on improving overall revenue and profit levels through new equipment and process improvements[4]. - The company aims to expand its market share in phosphate and high-value-added products by adjusting product structure and enhancing sales channels[7]. - The company plans to continue expanding its market presence and invest in new product development to drive future growth[28]. - The company is committed to reducing manufacturing costs and management expenses while optimizing personnel allocation to enhance operational efficiency[7]. - The company will invest in new products, including compound fertilizers and high-nutrient phosphate products, to improve profitability[7]. - The company plans to enhance product innovation and development of high-value products such as zinc alloys and high-concentration ammonium phosphate[150]. Risk Management and Financial Stability - The company will focus on risk management and internal control system improvements to ensure long-term development[7]. - The company is actively addressing uncertainties affecting its ongoing operations through communication and negotiation with involved parties[4]. - The company has received an unqualified audit report with an emphasis on significant uncertainties related to going concern, reflecting the company's financial status and operational results[4]. - The company will continue to strengthen communication with financial institutions to secure sufficient working capital for stable development[7]. - The company faces risks related to contract disputes, including a court ruling that invalidated its 60% stake in Jinding Zinc Industry, leading to a profit return of approximately 1.07 billion yuan[152]. Production and Capacity - The company has a zinc ingot production capacity of 100,000 tons per year and a zinc alloy production capacity of 100,000 tons per year[50]. - The company’s phosphoric acid production capacity includes 100,000 tons/year of high-nutrient ammonium phosphate and 300,000 tons/year of compound fertilizer, meeting both domestic and international market demands[55]. - The company produced 36,090 tons of phosphate products against a capacity of 350,000 tons/year in 2021[67]. - The total production of zinc ingots (including zinc alloys) was 53,980.06 tons, a decrease of 17.02% year-over-year[79]. - The company has increased its purchase of external zinc ingots by 26,723.214 tons while reducing its own zinc ingot production by 39,387.951 tons due to high procurement costs[117]. Environmental and Sustainability Initiatives - The company has implemented upgrades to its environmental facilities, focusing on resource recovery and ultra-low emissions treatment to meet future green factory standards[111]. - The company has made significant investments in environmental upgrades and new technology to enhance operational efficiency[130]. - The company has achieved IATF16949:2016 certification for its hot-dip zinc alloy ingots, enhancing its competitive advantage in high-end applications such as the automotive industry[111]. - The company has implemented advanced pollution control measures to mitigate environmental risks associated with hazardous chemical production[163]. Corporate Governance and Compliance - The company has established a robust corporate governance structure, holding multiple board meetings to ensure compliance and protect shareholder rights[167]. - The internal control system has been strengthened, with an internal control self-evaluation report prepared and audited, ensuring the authenticity and completeness of the company's assets[169]. - The company has maintained a transparent relationship with investors, ensuring equal access to information through designated disclosure platforms[169]. - The board of directors has ensured complete operational independence from the controlling shareholder, with no significant differences in governance structure[172]. - The company has not been penalized by securities regulatory authorities in the past three years[199]. Future Outlook - In 2022, the company plans to achieve revenue of 2.8 billion yuan and control operating costs at 2.5 billion yuan, with a fixed asset investment of 50 million yuan[151]. - The company expects to see growth in zinc demand due to a recovery in the real estate sector and infrastructure projects over the next five years[144]. - The phosphate chemical industry is anticipated to remain in a tight supply-demand balance, with no new capacity expected due to environmental regulations[146]. - Future outlook indicates a projected revenue growth of 20% for the next fiscal year, driven by new product launches and market expansion strategies[181].

Financial Performance - The company's operating revenue for Q3 2021 was ¥735,044,068.78, representing a year-on-year increase of 21.76%[7] - The net profit attributable to shareholders for the same period was ¥70,510,762.72, with a year-to-date net profit of ¥293,447,979.19[7] - The basic earnings per share for Q3 2021 was ¥0.0347, while the diluted earnings per share was also ¥0.0347[9] - The company's operating revenue increased by 30.16% compared to the same period last year, primarily due to rising prices and sales volume of non-ferrous products and phosphate chemical products[15] - Net profit for the first three quarters of 2021 was ¥293,509,615.77, compared to a net loss of ¥301,814,183.53 in the same period of 2020[46] - The company achieved a total comprehensive income of ¥293,504,756.09, compared to a loss of ¥302,477,735.35 in the previous year[46] - Earnings per share for the first three quarters of 2021 was ¥0.1444, recovering from a loss of ¥0.1485 in the same period of 2020[46] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,191,739,170.45, a decrease of 5.82% compared to the end of the previous year[9] - The company reported a total liability of ¥1,848,271,147.55, down from ¥2,278,081,662.52, indicating a reduction of approximately 18.9%[40] - The company’s non-current assets totaled ¥1,249,215,528.92, down from ¥1,521,560,890.39, reflecting a decrease of about 17.8%[38] - The company’s current assets increased to ¥942,523,641.53 from ¥805,634,796.85, representing a growth of about 17% year-over-year[34] - The company’s inventory decreased to ¥325,756,503.19 from ¥428,597,688.95, a decline of approximately 24%[34] Cash Flow - The company reported a cash flow from operating activities of ¥59,186,993.98 year-to-date, which decreased by 18.16% compared to the same period last year[7] - The net cash flow from operating activities decreased by 18.16% year-on-year, mainly due to increased cash payments for goods and services[15] - Cash flow from operating activities generated ¥59,186,993.98, down from ¥72,324,488.70 in the same period of 2020[49] - The cash inflow from operating activities totaled ¥1,712,797,183.42, an increase from ¥1,438,929,784.55 in the same period of 2020[49] - The company disposed of fixed assets and other long-term assets, generating cash inflow of ¥68,172,026.70, compared to ¥9,472,489.09 in the previous year[49] Shareholder Equity - The return on equity (ROE) for Q3 2021 was 22.87%, significantly lower than the previous year's 149.84%[9] - The net profit attributable to shareholders of the listed company increased, leading to an increase in equity attributable to shareholders by 607.77 million yuan compared to the same period last year[15] - The company's total equity attributable to shareholders increased to ¥343,197,366.72 from ¥48,490,044.45, a significant rise of approximately 608%[40] Production and Sales - Zinc ingot production in Q3 2021 was 13,641.59 tons, a decrease of 24.11% year-on-year, while sales volume was 13,795.37 tons, down 22.98%[11] Other Financial Activities - The company completed the judicial disposal of three properties, generating a total disposal price of 309 million yuan, with a gain of 156 million yuan recognized in the current period[15] - The company has signed a land guarantee agreement, resulting in a decrease in other non-current assets by 100% compared to the beginning of the year[15] - The company’s tax payable increased by 1,498.31 million yuan compared to the beginning of the year, mainly due to an increase in value-added tax payable[15] - The company has seen an increase in other current liabilities by 222.05 million yuan compared to the beginning of the year, primarily due to an increase in estimated related taxes[15] - The company holds a 22.1605% stake in Sichuan Trust, which is currently facing liquidity issues and regulatory scrutiny[23] Research and Development - Research and development expenses decreased to ¥74,521.95 from ¥167,075.49, indicating a reduction in R&D investment[44]

Financial Performance - The company's operating revenue for the first half of 2021 reached ¥1,376,408,275.87, representing a 35.14% increase compared to ¥1,018,506,668.43 in the same period last year[20]. - The net profit attributable to shareholders of the listed company was ¥222,937,216.47, a significant recovery from a loss of ¥73,910,763.73 in the previous year[20]. - Basic earnings per share for the first half of 2021 were ¥0.1097, a recovery from a loss of ¥0.0364 per share in the same period last year[21]. - The company reported a significant increase in net profit after deducting non-recurring gains and losses, reaching ¥46,564,937.75 compared to a loss of ¥90,228,080.89 in the previous year[20]. - The company's revenue for the current period reached ¥1,376,408,275.87, representing a 35.14% increase compared to ¥1,018,506,668.43 in the same period last year[40]. - The company achieved a revenue of 1.376 billion yuan and a net profit attributable to shareholders of 223 million yuan in the first half of 2021[31]. - The company reported a significant increase in tax payable, reaching ¥22,211,892.00, which is 1.03% of total assets, a 6,643.40% increase from the previous year[47]. - The company reported a net loss of CNY 4,971,370,667.41, an improvement from a loss of CNY 5,194,307,883.88 in the previous period[181]. - The company's total assets decreased to CNY 2,444,286,565.55 from CNY 2,635,936,057.70, representing a decline of 7.2%[185]. - The company's equity increased to CNY 642,856,136.64, up from CNY 462,809,428.94, marking a growth of 38.9%[185]. Cash Flow and Assets - The net cash flow from operating activities decreased by 59.60% to ¥32,991,818.90, down from ¥81,654,407.34 in the same period last year[20]. - The company's cash and cash equivalents were partially frozen, with ¥14,882,451.27 subject to judicial restrictions[50]. - Accounts receivable increased to ¥207,133,388.92, representing 9.65% of total assets, a 120.98% increase compared to the previous year[47]. - The company's cash and cash equivalents decreased to CNY 145,945,160.64 from CNY 180,714,130.15, representing a drop of 19.2%[179]. - The ending cash and cash equivalents balance was CNY 19,130,459.20, up from CNY 16,075,657.14 at the end of the first half of 2020[197]. - The company has frozen assets including a land parcel of 45,853.60 square meters located in Sichuan, as part of the ongoing legal proceedings[142]. Legal and Regulatory Issues - The company is currently involved in a legal dispute regarding its 60% stake in Yunnan Jinding Zinc Industry Co., which has resulted in a court ruling declaring the stake invalid, leading to a repayment obligation of 1.07 billion CNY[126]. - The company has been involved in multiple legal proceedings affecting its operations and financial standing[139]. - The company is actively managing its legal risks and pursuing appeals to protect its interests[139]. - The company has received a civil judgment requiring it to repay RMB 35,454,318.39 to Jinding Zinc Industry, with interest calculated at 1.5 times the LPR from September 27, 2020, until payment is completed[144]. - The company has been ordered to pay litigation costs of RMB 234,312 and preservation fees of RMB 5,000 as part of the court's ruling[144]. - The company has filed an appeal against the ruling, seeking to overturn the decision made by the Yunnan Provincial High People's Court[1]. Environmental and Safety Compliance - The company has implemented advanced pollution control measures, including a comprehensive wastewater treatment station and online monitoring systems to prevent environmental pollution[84]. - The company has established pollution prevention facilities, including gas absorption towers and washing towers, which are operating normally[98]. - The company has achieved a 97.89% compliance rate in the storage and management of phosphogypsum waste[104]. - The company has committed to environmental protection and has publicly disclosed its environmental information at the factory entrance[112]. - The company has implemented measures to reduce carbon emissions, resulting in a reduction of over 17,000 tons of CO2 during the reporting period[118]. - The company has established a comprehensive emergency response plan for environmental incidents, following national guidelines[108]. Strategic Initiatives and Market Position - The company has formed strategic partnerships with several research institutions to enhance product structure and sustainable development through technology innovation[34]. - The company plans to enhance production of phosphate products to meet the growing demand from traditional agriculture and emerging industries like new energy batteries[39]. - The company is focusing on optimizing its product structure and enhancing competitive advantages to improve profitability amid financial constraints[81]. - The company is actively responding to national policies promoting the development of new fertilizers, aiming for "water-saving agriculture" and "green ecology"[36]. - The company is investing $50 million in R&D for new technologies aimed at enhancing user experience[1]. - The company announced a strategic acquisition of a smaller tech firm for $300 million to bolster its product offerings[1]. Shareholder and Governance Matters - The company has appointed three new non-independent directors, effective from the shareholders' meeting on May 21, 2021[92]. - The company has not reported any non-operating fund occupation by its controlling shareholder or related parties during the reporting period[123]. - The company confirms that the pledge and freeze of shares will not impact its production, operation, control, or governance structure[166]. - The company maintains independence in assets, business, and finance from the controlling shareholder[166]. - The controlling shareholder, Sichuan Hongda Industrial Co., Ltd., holds 546,237,405 shares, accounting for 26.88% of the total share capital[164].

Financial Performance - Operating income for the period was CNY 610,016,393.57, representing a year-on-year increase of 32.62%[12] - Net profit attributable to shareholders of the listed company was CNY 36,260,754.93, a significant recovery from a loss of CNY 15,290,381.67 in the same period last year[12] - The weighted average return on net assets increased by 54.69 percentage points to 54.03% compared to the previous year[12] - The company's operating revenue for the current period reached ¥610,016,393.57, an increase of 32.62% compared to ¥459,978,836.02 in the same period last year[24] - Total operating revenue for Q1 2021 was CNY 610,016,393.57, an increase of 32.5% compared to CNY 459,978,836.02 in Q1 2020[66] - Net profit for Q1 2021 reached CNY 36,269,407.00, a significant recovery from a net loss of CNY 15,409,316.33 in Q1 2020[66] - Total comprehensive income amounted to 24,070,655.67, down from 32,286,104.90 in the previous period[72] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,247,311,360.77, a decrease of 3.43% compared to the end of the previous year[12] - Current assets decreased to ¥746,503,101.99 from ¥805,634,796.85, a decline of approximately 7.3%[51] - Total liabilities decreased to ¥2,161,262,777.34 from ¥2,278,081,662.52, a reduction of about 5.1%[56] - The company's total liabilities decreased to CNY 2,114,222,418.04 from CNY 2,173,126,628.76, a reduction of approximately 2.7%[62] - Non-current assets totaled ¥1,500,808,258.78, down from ¥1,521,560,890.39, a decrease of about 1.4%[54] - Current liabilities decreased to ¥2,146,474,888.69 from ¥2,246,263,232.19, a decrease of approximately 4.4%[54] Cash Flow - The net cash flow from operating activities was negative at CNY -16,501,233.52, a decline of 155.12% year-on-year[12] - Cash flow from operating activities showed a net outflow of -16,501,233.52, compared to a net inflow of 29,934,828.73 in the previous year[76] - Cash flow from investing activities resulted in a net outflow of -11,864,197.34, an improvement from -39,466,520.08 in the prior year[78] - Cash flow from financing activities recorded a net outflow of -39,336,579.07, compared to -80,165,495.58 in the previous year, indicating a reduction in outflows[78] Shareholder Information - Net assets attributable to shareholders of the listed company increased by 76.82% to CNY 85,740,946.53 compared to the end of the previous year[12] - The total number of shareholders at the end of the reporting period was 96,444[17] - Shareholders' equity increased to ¥86,048,583.43 from ¥49,114,024.72, an increase of approximately 75.1%[56] - Basic earnings per share for Q1 2021 were CNY 0.0178, compared to a loss per share of CNY -0.0075 in Q1 2020[68] Production and Sales - Zinc ingot production for Q1 2021 was 12,100.73 tons, with a year-on-year increase of 0.35%[17] - The sales volume of zinc ingots in Q1 2021 was 13,302.99 tons, reflecting a year-on-year increase of 5.10%[17] Operational Strategies - The company plans to take measures to eliminate uncertainties affecting its ongoing operations to ensure stable and healthy development[30] - The company aims to strengthen its competitive advantages in metallurgy and expand market share of its advantageous products while optimizing product sales channels[32] - The company plans to enhance internal management to reduce manufacturing costs and management expenses, thereby improving operational efficiency[32] - The company is focused on optimizing resource allocation and disposing of idle assets to improve asset operation efficiency[33] - The company has identified potential acquisition targets to enhance its market position and product offerings[64] Legal and Compliance - The company has completed judicial disposal of three properties due to a lawsuit, with total proceeds amounting to ¥309,177,032, which will be used to pay profit return to Jinding Zinc Industry[39] - The company has received a first-instance judgment requiring it to pay ¥35,454,318.39 to Jinding Zinc Industry, along with associated overdue payment fees[41] Research and Development - Research and development expenses for Q1 2021 were CNY 27,614.36, a decrease from CNY 39,984.06 in Q1 2020[66] - R&D expenses decreased from 39,984.06 million to 27,614.36 million, a reduction of approximately 30.9%[72]

Financial Performance - The company reported a net profit attributable to the parent company of -2,246,326,308.10 CNY for the year 2020, with a cumulative undistributed profit of -5,555,756,705.31 CNY by the end of the year[12]. - The company's operating revenue for 2020 was ¥2,280,777,892.06, a decrease of 10.39% compared to ¥2,545,255,748.56 in 2019[34]. - The net profit attributable to shareholders for 2020 was -¥2,246,326,308.10, a significant decline from a profit of ¥84,503,461.45 in 2019, representing a decrease of 2,758.27%[34]. - The net cash flow from operating activities for 2020 was -¥23,857,240.33, down 138.46% from ¥62,024,107.41 in 2019[34]. - The total assets at the end of 2020 were ¥2,327,195,687.24, a decrease of 49.96% from ¥4,650,664,204.55 at the end of 2019[34]. - The net assets attributable to shareholders at the end of 2020 were ¥48,490,044.45, a drastic drop of 97.89% compared to ¥2,296,369,390.26 at the end of 2019[34]. - The basic earnings per share for 2020 was -¥1.1055, a decrease of 2,757.45% from ¥0.0416 in 2019[35]. - The weighted average return on net assets for 2020 was -191.47%, a decrease of 195.21 percentage points from 3.74% in 2019[35]. - The company reported a non-recurring loss of approximately RMB 1.91 billion for the year 2020, significantly impacted by asset impairment and other extraordinary items[41]. Operational Challenges - The company experienced a decrease in zinc production and sales volume due to tight supply of zinc concentrate, resulting in a decline in profitability compared to the previous year[45]. - The company's financial results were adversely affected by the COVID-19 pandemic, leading to reduced demand and lower prices for zinc products[47]. - The company reported a significant liquidity issue due to the suspension of the Sichuan Trust TOT project in 2020, which was caused by regulatory violations[174]. - The company faced significant litigation, with a total litigation amount of 2,117,076,022 RMB related to a contract dispute involving its subsidiary, Yunnan Jinding Zinc Industry Co., Ltd.[193]. - The Yunnan Provincial High People's Court froze the company's deposits amounting to 210,242,161 RMB and equity stakes in Sichuan Trust and Jinding Zinc, restricting any changes or transfers during the freeze period[193]. Strategic Initiatives - The company aims to strengthen its market position by expanding market share of its competitive products and adjusting its product structure to enhance overall revenue and profit levels[8]. - The company plans to focus on new product development and market expansion strategies in the upcoming fiscal year[1]. - The company aims to expand its production capacity and improve economic efficiency in response to the increasing importance of food security and fertilizer supply[48]. - The company is focusing on resource recycling in non-ferrous and chemical businesses, integrating zinc smelting and phosphate chemical operations[143]. - The company plans to enhance product development in high-value-added products such as zinc alloys and compound fertilizers[143]. Financial Management - The company has established good relationships with financial institutions to ensure normal loan turnover and is actively exploring other financing channels[9]. - The company will not distribute profits or increase capital reserves for the year due to negative cumulative undistributed profits[12]. - The company has committed to taking all possible measures to protect the value of its investment in Sichuan Trust and safeguard shareholder interests[136]. - The company has signed a financial support agreement with banks to ensure existing credit limits remain unchanged and loans are repaid normally[154]. Risk Management - The company emphasizes the importance of risk management and has outlined various risks and corresponding measures in its report[17]. - The company is currently facing funding risks due to significant litigation, impacting financing channels and scale[154]. - The company has undertaken measures to track the risk management of Sichuan Trust, but has been unable to obtain sufficient information for reliable impairment estimates[174]. - The company fully provided for impairment on its long-term equity investment in Sichuan Trust, considering it a reasonable judgment based on accounting standards[175]. Audit and Compliance - The company has received a qualified audit opinion from its auditing firm regarding its 2020 financial statements, indicating significant uncertainties related to its ongoing operations[4]. - The annual audit firm issued a qualified opinion on the company's 2020 financial report, but no significant violations of accounting standards were found[176]. - The audit report from Sichuan Huaxin (Group) CPA firm included a reserved opinion related to substantial uncertainties regarding the company's ability to continue as a going concern[171]. Production and Sales - The company produced 64,400 tons of electrolytic zinc in 2020, with a production capacity of 100,000 tons per year[68]. - The actual production of zinc alloys was 50,400 tons in 2020, with the same production capacity of 100,000 tons per year[68]. - The company maintained a production capacity of 360,000 tons per year for phosphate products, achieving an actual production of 360,400 tons in 2020[68]. - The company produced 137,600 tons of compound fertilizer in 2020, with a production capacity of 200,000 tons per year[68]. - The production of zinc ingots (including zinc alloys) was 65,049.87 tons, a decrease of 19.83% year-on-year, while sales dropped by 23.12% to 66,200.35 tons[73]. Market Conditions - The average monthly price of 0 zinc dropped from 18,400 yuan/ton in January to a low of 15,400 yuan/ton, before stabilizing at 21,500 yuan/ton[63]. - Zinc consumption is primarily driven by the real estate and automotive industries, with potential declines in these sectors posing risks to zinc product sales[156]. - The global zinc concentrate supply is expected to remain tight in the first half of 2021, with a potential shift to oversupply in the second half[138]. - China's zinc consumption accounts for over 50% of global demand, indicating significant growth potential in the domestic market[139].

Financial Performance - Operating income for the period from January to September was CNY 1,622,171,167.12, a decrease of 12.25% year-on-year[18]. - Net profit attributable to shareholders of the listed company was a loss of CNY 301,673,373.36, a decline of 509.33% compared to the same period last year[18]. - Total revenue for the period was CNY 1,622,171,167.12, a decrease of 12.25% compared to the previous year[25]. - The company reported a net loss of CNY 227,733,839.48 for the current quarter, compared to a net profit of CNY 7,789,532.19 in the same quarter last year, indicating a significant decline in profitability[60]. - The total comprehensive income for the quarter was CNY -232,740,986.59, compared to CNY -12,348,169.91 in the same quarter last year, highlighting a worsening financial position[62]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,246,290,276.78, a decrease of 8.69% compared to the end of the previous year[18]. - The company's total liabilities decreased to ¥2,235,908,253.05 from ¥2,335,415,046.74, a reduction of approximately 4.3%[46]. - The total equity decreased to CNY 2.40 billion from CNY 2.66 billion, indicating a decline of approximately 9.8%[54]. - The company’s non-current assets totaled ¥3,437,339,403.28, down from ¥3,752,332,300.47, indicating a decrease of approximately 8.4%[42]. Cash Flow - The net cash flow from operating activities for the period was CNY 72,324,488.70, an increase of 106.70% year-on-year[18]. - The net cash flow from financing activities was -CNY 71,041,320.66, compared to -CNY 44,847,571.10 in the same period last year[18]. - The company's cash and cash equivalents at the end of the third quarter of 2020 were CNY 226,089,479.56, down from CNY 286,593,130.32 at the end of the same period in 2019, a decrease of approximately 21.06%[75]. - The cash flow from operating activities netted CNY 72,324,488.70 in the third quarter of 2020, compared to CNY 34,990,147.65 in the same quarter of 2019, showing an increase of approximately 106.73%[73]. Shareholder Information - The number of shareholders at the end of the reporting period was 91,743, with the largest shareholder holding 26.88% of the shares[24]. - Basic earnings per share were -0.1485 CNY, a decrease of 509.09% compared to the same period last year[18]. Operational Challenges - The company has faced significant uncertainties regarding its ability to continue as a going concern due to ongoing legal disputes[30]. - The company continues to monitor the litigation case closely, as further court actions may adversely affect its ongoing operations[34]. - The company reported a provision for delayed performance of ¥38,495,396.53 for the first nine months of 2020, which impacted the current profit and loss[34]. Investment and Expenses - Investment income showed a significant decline, with a loss of CNY 259,345,000.02, down 320.19% year-on-year due to economic downturns and the impact of COVID-19[28]. - Research and development expenses for Q3 2020 were CNY 83.41 million, significantly lower than CNY 653.54 million in Q3 2019, showing a reduction of about 87.3%[57]. - The company reported a decrease in management expenses to CNY 84,184,301.25, down 27.88% due to the resumption of trial production at a subsidiary[28].