Financial Performance - The company reported a total revenue of RMB 1.2 billion for the first half of 2022, representing a year-on-year increase of 15%[20]. - Net profit attributable to shareholders reached RMB 300 million, up 20% compared to the same period last year[20]. - The gross profit margin improved to 35%, an increase of 5 percentage points year-on-year[20]. - Revenue for the first half of the year was ¥18,076,022,545.51, a decrease of 3.39% compared to the same period last year[23]. - Net profit attributable to shareholders was ¥261,913,313.67, down 0.90% year-over-year[23]. - Basic earnings per share decreased by 4.35% to ¥0.44 compared to ¥0.46 in the previous year[23]. - The total profit for the period was ¥340,886,060.99, an increase of 5.65% from ¥322,646,487.44 year-on-year[46]. - The net profit for the period was ¥278,979,227.16, a decrease of 1.61% compared to ¥283,546,537.12 in the previous year[46]. Market Expansion and Strategy - Future outlook indicates a projected revenue growth of 10-15% for the second half of 2022, driven by new product launches and market expansion strategies[20]. - The company expanded its user base by 10,000 new customers, bringing the total to 150,000 active users[20]. - Market expansion efforts include entering two new provinces, aiming for a 5% market share increase in those regions[20]. - The company is actively optimizing and innovating its business model in the precious metal resource recycling sector to seek new growth points[46]. - The company is focusing on the development of high-performance sputtering targets and IC bonding wires to enhance competitiveness in the semiconductor materials market[46]. Research and Development - The company is investing RMB 200 million in R&D for new technologies and product development in the next fiscal year[20]. - The company has built a robust innovation system with multiple national and provincial research platforms, contributing to significant technological advancements and the development of key core technologies[37]. - The company has established a technology innovation system focusing on key areas such as precious metal alloy materials and resource recycling[49]. - Research and development expenses for the first half of 2022 were CNY 107,384,161.25, a slight decrease from CNY 111,103,045.50 in the same period of 2021[180]. - The company's research and development expenses increased to CNY 57,766,026.85 in the first half of 2022, up from CNY 48,124,161.87 in the first half of 2021, reflecting a growth of approximately 20.5%[182]. Environmental Compliance and Sustainability - The management emphasized a focus on sustainable practices and plans to reduce carbon emissions by 30% by 2025[20]. - The company has implemented measures to ensure compliance with environmental discharge standards across various facilities[90]. - The company has not reported any exceedances in pollutant emissions during the first half of the year[90]. - The company has established emergency response plans for environmental incidents, which are filed with local environmental authorities and practiced annually[108]. - The company has a comprehensive monitoring plan for various pollutants, ensuring that emissions are within the standards set by relevant regulations[114]. Financial Position and Cash Flow - Net cash flow from operating activities improved significantly to ¥714,567,467.94 from a negative cash flow of ¥1,644,750,076.40 in the same period last year[23]. - Cash and cash equivalents decreased by 37.47% to ¥1,362,717,808.25 from ¥2,179,143,989.00 in the previous year[57]. - The net cash flow from operating activities increased by ¥2,356,317,544.34, reaching ¥714,567,467.94, mainly due to reduced inventory and accounts receivable[52]. - Cash inflows from operating activities amounted to CNY 18,841,310,993.59 in the first half of 2022, slightly up from CNY 18,586,750,941.19 in the same period of 2021[189]. - The company reported a decrease in cash and cash equivalents at the end of the period, totaling 816,357,522.97 RMB, down from 747,146,813.81 RMB year-over-year[198]. Shareholder and Corporate Governance - The total number of ordinary shareholders as of the end of the reporting period is 56,077[150]. - The largest shareholder, Yunnan Investment Holding Group, holds 38.16% of the shares, totaling 225,581,784 shares[150]. - The company has committed to distributing at least 10% of its distributable profits in cash annually, with a cumulative distribution of no less than 30% of the average annual distributable profits over the next three years (2021-2023) if conditions are met[128]. - The company has reported no significant litigation or arbitration matters during the reporting period[136]. - The company has not received any penalties or corrective actions related to violations of laws or regulations during the reporting period[136].

Financial Performance - The company's operating revenue for Q1 2022 was ¥8,674,025,353.14, representing a decrease of 0.17% compared to the same period last year[5]. - Net profit attributable to shareholders was ¥190,377,506.18, an increase of 11.78% year-on-year[5]. - Basic earnings per share were ¥0.32, down 17.95% year-on-year[5]. - Net profit for Q1 2022 was CNY 197,379,777.06, compared to CNY 179,062,854.17 in Q1 2021, marking an increase of approximately 10.19%[30]. - Total equity attributable to shareholders rose to CNY 3,948,109,637.29 in Q1 2022 from CNY 3,724,302,115.16 in Q1 2021, reflecting an increase of about 6.03%[30]. Cash Flow - The net cash flow from operating activities was -¥166,407,943.18, a decrease of 83.24% compared to the previous year, primarily due to reduced inventory occupation[5][10]. - In Q1 2022, the company's cash inflow from operating activities was approximately ¥7.56 billion, a decrease of 8.1% compared to ¥8.23 billion in Q1 2021[37]. - The net cash outflow from operating activities was approximately -¥166.41 million, an improvement from -¥992.92 million in the same quarter last year[37]. - Cash inflow from financing activities was approximately ¥411.24 million, significantly lower than ¥2.58 billion in Q1 2021[39]. - The net cash outflow from financing activities was approximately -¥677.78 million, contrasting with a net inflow of ¥1.10 billion in the same quarter last year[39]. Assets and Liabilities - Total assets at the end of the reporting period were ¥11,375,232,640.16, an increase of 2.69% from the end of the previous year[8]. - Total liabilities as of March 31, 2022, were RMB 6,057,186,209.93, compared to RMB 5,628,431,247.73 as of December 31, 2021[24]. - The company's non-current liabilities decreased from RMB 2,836,400,000.00 to RMB 2,635,046,165.28, a reduction of approximately 7.1%[24]. - The total assets of the company reached RMB 11,375,232,640.16, an increase from RMB 11,077,200,896.97 as of December 31, 2021[24]. Shareholder Information - The company had a total of 45,924 common shareholders at the end of the reporting period[13]. - The largest shareholder, Yunnan Investment Holding Group Co., Ltd., held 38.16% of the shares[13]. - The company signed a share transfer agreement with Yunnan Investment Holding Group to acquire 100% equity of Yunnan Precious Metals New Materials Holding Group for a transfer price of RMB 58.2177 million[17]. Inventory and Receivables - Accounts receivable increased significantly to RMB 2,278,837,189.22 from RMB 1,681,304,240.03 year-over-year, indicating a growth of approximately 35.5%[20]. - Inventory rose to RMB 4,111,186,814.54, up from RMB 3,460,682,295.05, reflecting an increase of about 18.8%[20]. - The company reported a significant increase in prepayments to RMB 588,207,691.20 from RMB 134,189,941.24 year-over-year[20]. Expenses - Total operating costs increased to CNY 8,470,012,395.21 in Q1 2022 from CNY 8,443,532,987.40 in Q1 2021, reflecting an increase of about 0.31%[30]. - Research and development expenses decreased to CNY 35,782,034.54 in Q1 2022 from CNY 59,647,693.71 in Q1 2021, indicating a decrease of about 40.05%[30]. - The company reported a financial expense of CNY 52,075,234.41 in Q1 2022, down from CNY 66,479,296.36 in Q1 2021, reflecting a decrease of approximately 21.67%[30]. Other Financial Metrics - Non-recurring gains and losses amounted to ¥2,927,219.80 after tax, with a significant portion attributed to government subsidies[10]. - The weighted average return on net assets was 4.98%, an increase of 0.13 percentage points[5]. - The company received tax refunds amounting to approximately ¥33.93 million, a significant increase from ¥7.05 million in Q1 2021[37]. - The total cash outflow for employee payments increased to approximately ¥61.47 million from ¥48.52 million in Q1 2021[37]. - The company experienced a foreign exchange loss of approximately -¥1.36 million during the quarter[39].

Financial Performance - The total profit for 2021 reached ¥495,075,827.88, with a net profit of ¥431,357,265.30, and the net profit attributable to shareholders was ¥387,126,015.67[4] - The company's operating revenue for 2021 was CNY 36,350,909,185.80, representing a year-on-year increase of 25.67% compared to CNY 28,926,477,766.67 in 2020[18] - The net profit attributable to shareholders for 2021 was CNY 387,126,015.67, an increase of 18.71% from CNY 326,123,108.71 in 2020[21] - The total profit amounted to ¥495,075,827.88, which is a 19.88% increase compared to ¥412,967,261.55 in the previous year[42] - The net profit reached ¥431,357,265.30, marking an 18.51% increase from ¥363,989,024.03 in the previous year[42] - The basic earnings per share for 2021 was CNY 0.68, a decrease of 9.33% from CNY 0.75 in 2020[18] - The weighted average return on equity for 2021 was 10.84%, an increase of 1.02 percentage points from 9.82% in 2020[18] Dividend Distribution - The company plans to distribute a cash dividend of ¥2.00 per 10 shares (before tax), totaling ¥118,231,356, which represents 30.54% of the net profit attributable to shareholders for 2021[4] - The board of directors has approved the profit distribution plan, which is subject to the approval of the shareholders' meeting[4] Audit and Compliance - The company has received a standard unqualified audit report from the accounting firm Xin Yong Zhong He[4] - The board of directors and supervisory board members have guaranteed the authenticity, accuracy, and completeness of the annual report[4] - The company has confirmed that there are no violations of decision-making procedures for external guarantees[4] - The company has confirmed that there are no non-operational fund occupations by controlling shareholders or related parties[4] Risk Management - The company emphasizes the importance of investment risk awareness regarding forward-looking statements in the report[4] - The company has detailed the risks it faces in the management discussion and analysis section of the report[4] - The company recognizes the risk of precious metal price fluctuations, which can impact liquidity and operational performance[108] - The company faces market risks related to demand fluctuations in downstream industries affected by macroeconomic conditions[110] Research and Development - The company has invested in R&D, with research expenses amounting to ¥230,694,276.42, a 26.18% increase from the previous year[43] - Total R&D expenditure amounted to ¥719,423,868.29, representing 1.98% of operating revenue[63] - The company is currently working on 60 various technology projects, with a total investment of 232 million yuan, including 55 million yuan from government funding[67] Environmental Compliance - The company operates as a key pollutant discharge unit, with specific subsidiaries identified in the environmental protection department's records[171] - The total emissions of particulate matter in 2021 amounted to 3.401 tons, with a concentration range of 3.9-22.2 mg/m³, compliant with the relevant standards[177] - The total emissions of sulfur dioxide in 2021 were 0.034 tons, with a concentration range of 1.5-3 mg/m³, also meeting the required standards[177] - The company has implemented pollution prevention facilities that are designed and constructed simultaneously with the main projects, ensuring operational efficiency[188] - The company has established emergency response plans for environmental incidents, which are filed with local environmental authorities[190] Corporate Governance - The board of directors consists of 7 members, including 3 independent directors, ensuring compliance with legal and regulatory requirements[116] - The company has established three specialized committees under the board: Strategy/Investment Development Committee, Compensation/Human Resources Committee, and Finance/Audit Committee, which support scientific decision-making[116] - The company adheres to strict information disclosure practices, ensuring transparency and equal access to information for all shareholders[116] - The company has established a robust relationship with its controlling shareholder, ensuring independence in decision-making and operations[113] Market Expansion and Strategy - The company aims to achieve a revenue target of 45 billion in 2022, focusing on high-quality development in the precious metals new materials industry[104] - The company plans to enhance its independent supply capabilities and promote key core technology breakthroughs to address industry bottlenecks, aiming for domestic substitution of critical materials[103] - The company is focusing on expanding its applications in environmental protection, new energy, and medical health sectors, leveraging the unique properties of precious metals[83] Employee Development - The company has implemented a long-term incentive mechanism, issuing 22.136 million restricted shares to 412 core employees, enhancing motivation and creativity[32] - The company has a training plan focusing on professional technical talents, management talents, and skilled operational talents, enhancing employee qualifications[159] - The total number of employees in the parent company and major subsidiaries is 1,503, with 626 production personnel, 98 sales personnel, and 447 technical personnel[154] Shareholder Engagement - The company held a total of four shareholder meetings in 2021, with the second meeting on August 31 having 14 attendees representing 247,681,304 shares, accounting for 43.5276% of the total share capital[125] - The company passed all 14 resolutions presented at the shareholder meetings throughout 2021[125] - The company has established a platform for investor communication to foster long-term relationships and trust with shareholders[119]

Financial Performance - The company's operating revenue for Q3 2021 was ¥9,528,072,015.10, representing a 19.00% increase compared to the same period last year[8]. - The net profit attributable to shareholders for Q3 2021 was ¥33,924,403.84, a decrease of 53.25% year-over-year[8]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥29,350,170.32, down 58.90% from the previous year[8]. - The basic earnings per share for Q3 2021 was ¥0.06, reflecting a decline of 62.50% compared to the same period last year[9]. - Total operating revenue for the first three quarters of 2021 reached ¥27,215,533,954.13, a significant increase of 43.3% compared to ¥19,001,450,659.58 in the same period of 2020[33]. - Net profit attributable to shareholders of the parent company was ¥340,948,039.56, an increase of 17.7% compared to ¥289,834,400.52 in the previous year[36]. - The total comprehensive income attributable to the parent company was CNY 340,948,039.56, an increase from CNY 289,834,400.52 in the previous year, representing a growth of approximately 17.6%[38]. Assets and Liabilities - The total assets at the end of the reporting period were ¥11,534,399,273.28, an increase of 20.52% from the end of the previous year[9]. - The company’s total assets reached ¥11,534,399,273.28, up from ¥9,570,767,430.58 in the previous year, reflecting a growth of 20.5%[33]. - Total liabilities amounted to ¥7,608,220,737.96, a rise of 28.6% from ¥5,916,607,905.11 in the previous year[33]. - The company reported a total current liability of 1,325,270,312.39 RMB, up from 996,309,672.64 RMB, representing a growth of approximately 33%[28]. - The company’s deferred income increased to ¥290,053,841.78, up 46.4% from ¥198,108,032.95 in the previous year[33]. Cash Flow - The net cash flow from operating activities for the year-to-date was -¥1,707,029,122.85, indicating a significant increase in working capital requirements due to expanded operations and rising precious metal prices[8][14]. - The net cash flow from operating activities was negative at CNY -1,707,029,122.85, compared to a positive CNY 133,025,151.11 in the same period last year[41]. - Cash received from the sale of goods and services increased to CNY 27,844,056,397.49, up from CNY 20,691,441,114.08, marking a growth of approximately 34.5%[41]. - The cash inflow from operating activities totaled CNY 27,966,971,287.96, compared to CNY 20,720,755,165.79 in the previous year, reflecting a growth of approximately 35.4%[41]. - The net cash flow from investing activities was CNY -73,401,135.48, an improvement from CNY -200,798,623.52 in the previous year[41]. - Cash flow from financing activities generated a net inflow of CNY 1,543,638,453.05, compared to CNY 408,345,576.05 in the same period last year, indicating a significant increase[42]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 51,046, with the largest shareholder holding 39.64% of the shares[15]. - The controlling shareholder, Yunnan Provincial Investment Holding Group Co., Ltd., holds 225,581,784 shares, accounting for approximately 39.64% of the total share capital[23]. Expenses and Investments - Research and development expenses increased to ¥168,501,310.13, up 52.6% from ¥110,492,201.04 in the same period last year[33]. - The company reported a financial expense of ¥178,465,195.94, which is an increase of 38.8% compared to ¥128,612,515.62 in the same period last year[33]. - The company received government subsidies amounting to ¥25,876,269.95 during the reporting period, which are closely related to its normal business operations[12]. - The company received CNY 10,000,000.00 from investments, indicating continued interest from minority shareholders[41]. - The company paid CNY 239,117,407.01 in dividends and interest, an increase from CNY 203,110,193.95 in the previous year[42].

Financial Performance - The company reported a total revenue of 1.2 billion RMB for the first half of 2021, representing a year-on-year increase of 15%[15]. - The net profit attributable to shareholders reached 300 million RMB, up 20% compared to the same period last year[15]. - The company's operating revenue for the first half of 2021 reached ¥17,687,461,939.03, representing a year-on-year increase of 60.87% compared to ¥10,994,763,567.02 in the same period last year[21]. - Net profit attributable to shareholders of the listed company was ¥307,023,635.72, a year-on-year increase of 41.31% from ¥217,267,720.89[21]. - The total profit for the period was ¥368,157,478.26, reflecting a 36.16% increase from ¥270,395,447.28 in the previous year[35]. - The net profit reached ¥329,430,965.78, indicating strong financial performance[35]. - The company reported a net cash flow from operating activities of -¥1,453,282,489.18, compared to ¥352,502,133.01 in the same period last year, indicating a significant change[21]. - The company reported a total profit of CNY 368.16 million for the first half of 2021, compared to CNY 270.40 million in the same period of 2020, which is an increase of about 36.2%[146]. - The net profit for the first half of 2021 was CNY 329.43 million, compared to CNY 232.06 million in the same period of 2020, indicating a growth of about 42%[146]. Market Expansion and Strategy - User data indicates a growth in active customers by 25%, reaching 500,000 users by the end of June 2021[15]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by the end of 2022[15]. - Future guidance estimates a revenue growth of 12% for the second half of 2021, driven by increased demand in the automotive sector[15]. - The company is focusing on expanding its market share in high-end domestic and international markets, particularly in the precious metal alloy functional materials sector[35]. - The company plans to expand its business scale further, focusing on precious metal supply services and resource recycling[38]. Research and Development - The company has allocated 100 million RMB for research and development in advanced materials for the upcoming year[15]. - New product development includes the launch of a platinum-based catalyst, expected to increase sales by 30% in the next fiscal year[15]. - Research and development expenses increased by 116.17% to ¥105,849,093.01, driven by investments in new materials and resource recycling[38]. - The company has multiple national and provincial innovation platforms, maintaining a leading position in R&D capabilities within the industry[32]. - The company is committed to enhancing its technology R&D and new product development to mitigate market risks and competition from multinational enterprises[54]. Environmental Compliance - The company is classified as a key pollutant discharge unit by environmental protection departments, indicating a focus on environmental compliance[66]. - The company reported a total discharge of 1.426 tons of particulate matter in the first half of the year, with emissions meeting the required standards[67]. - The company’s sulfur dioxide emissions totaled 0.017 tons, also meeting the discharge standards[67]. - The nitrogen oxides emissions were recorded at 0.505 tons, compliant with environmental regulations[67]. - The company emphasizes the importance of timely technological upgrades and new product launches to avoid falling behind in the industry[55]. - The company has established emergency response plans for environmental risks and has filed them with local environmental authorities, conducting annual drills[81]. Financial Position and Assets - The company's total assets increased by 25.00% to ¥11,963,590,872.76 from ¥9,570,767,430.58 at the end of the previous year[21]. - The company's total liabilities were reported at ¥8,089,866,508.33, compared to ¥5,916,607,905.11, showing an increase of approximately 36.8%[135]. - The company's equity attributable to shareholders reached ¥3,635,346,621.84, up from ¥3,427,139,069.36, indicating a growth of about 6.1%[135]. - The company's cash and cash equivalents were ¥1,559,999,603.19, compared to ¥1,516,621,233.66 at the end of 2020, reflecting a slight increase of 2.8%[129]. - The company’s total assets at the end of the period were CNY 1,992.71 million, with a significant portion allocated to capital reserves[170]. Shareholder Relations and Governance - The company has committed to distributing at least 30% of its profits as dividends over the next three years (2021-2023) if conditions are met[96]. - The company plans to distribute no less than 10% of its annual distributable profits in cash each year during the same period[96]. - The company has established a commitment to maintain independence from its controlling shareholder, ensuring no harm to the interests of the company and its shareholders[94]. - The controlling shareholder has pledged to avoid any actions that could harm the company’s interests or those of its shareholders in related transactions[94]. - The company has outlined measures to enhance its corporate governance structure during the controlling shareholder's period of control[94]. Risks and Challenges - The company faces risks related to fluctuations in precious metal prices, which could impact liquidity and inventory valuation[54]. - The company faces risks related to technological advancements and product updates due to the high technical content and complex production processes in the precious metals manufacturing industry[55]. - The company has a strong competitive position with a team of high-level technical developers and extensive product development experience, focusing on market demand and industry technology development[55]. Capital Structure and Changes - The total share capital of the company increased to 569,020,415 shares after the capital reserve conversion in June 2021, adding 131,312,404 shares to the market[182]. - The company reported a capital reserve transfer of CNY 131.31 million, reflecting adjustments in equity structure[167]. - The company’s total paid-in capital remained stable at 437,708,011.00 throughout the reporting period[176]. - The company has initiated a review of its capital structure to optimize financial performance moving forward[171].

证券简称：贵研铂业 证券代码：600459 公告编号：临 2021-023 贵研铂业股份有限公司 关于参加 2021 年云南辖区上市公司投资者集体接待日活动的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大 遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 为进一步加强与投资者的互动交流工作，贵研铂业股份有限公司（以下简称"公司"） 将参加由云南省上市公司协会、深圳全景网络有限公司共同举办的"2021 年云南辖区上市 公司投资者网上集体接待日暨集体业绩说明会"主题活动，现将有关事项公告如下： 本次活动将在深圳全景网络有限公司提供的网上平台，采取网络远程的方式举行，投资 者可以登录"全景•路演天下"网站（http://rs.p5w.net/）或关注微信公众号：全景财经， 或下载全景路演 APP，参与公司本次投资者集体接待日活动，活动时间为 2021 年 5 月 17 日 （星期一）15:30 至 17:00。 届时，公司高管人员将参加本次活动，通过网络在线交流形式与投资者就 2020 年年报、 公司治理、发展战略、经营状况和可持续发展等投资者关注的问题进行沟通。 欢迎 ...

Financial Performance - Operating revenue rose by 71.50% to CNY 8,688,449,326.30 year-on-year[17] - Net profit attributable to shareholders increased by 25.87% to CNY 170,312,486.31 compared to the same period last year[20] - Basic earnings per share rose by 25.81% to CNY 0.39[17] - The company reported a net profit excluding non-recurring gains and losses of CNY 164,020,601.81, up 24.79% year-on-year[17] - The company's total operating revenue for Q1 2021 reached ¥8,688,449,326.30, a significant increase from ¥5,066,047,189.33 in Q1 2020, representing a growth of approximately 71.5%[57] - Net profit for Q1 2021 was ¥179,062,854.17, compared to ¥141,095,209.10 in Q1 2020, reflecting an increase of about 26.9%[60] - The total comprehensive income for Q1 2021 was ¥179,062,854.17, compared to ¥141,095,209.10 in Q1 2020, reflecting an increase of about 26.9%[62] Cash Flow - Net cash flow from operating activities was negative at CNY -992,919,340.41, a significant decrease from CNY 437,313,161.42 in the previous year[17] - Net cash flow from financing activities surged by 510.48% to CNY 1,096,251,857.03 compared to the previous year[17] - Cash inflow from financing activities in the first quarter of 2021 totaled 2,583,846,325.89 RMB, compared to 922,822,880.00 RMB in the same period of 2020, marking an increase of approximately 180.5%[70] - The net cash flow from financing activities for the first quarter of 2021 was 1,096,251,857.03 RMB, significantly higher than 179,571,279.63 RMB in the first quarter of 2020[70] - Cash inflow from loans received was $815,001,370.00, an increase from $749,468,800.00, showing a growth of 8.7%[73] - The net increase in cash and cash equivalents was -$62,958,133.66, contrasting with a positive increase of $326,724,239.84 in the previous period[73] Assets and Liabilities - Total assets increased by 22.44% to CNY 11,718,329,199.25 compared to the end of the previous year[17] - Current liabilities totaled 6,159,628,854.29 yuan, compared to 4,832,265,104.59 yuan in the previous year[46] - Total liabilities reached ¥5,152,348,033.71, compared to ¥4,127,357,170.17, indicating a growth of around 24.8% year-over-year[55] - Non-current liabilities totaled ¥1,273,087,882.15, significantly up from ¥641,391,882.15, marking an increase of approximately 98.4%[55] - Accounts receivable increased by 59.25%, amounting to ¥2,031,204,844.49 as of March 31, 2021, compared to ¥1,275,471,557.89 at the end of 2020[27] - The company experienced a significant increase in accounts payable, which rose by 156.79% to ¥833,697,413.03 as of March 31, 2021, from ¥324,656,557.82 at the end of 2020[28] Research and Development - The company's R&D expenses surged by 210.00%, reaching ¥59,647,693.71 in Q1 2021, up from ¥19,241,082.88 in Q1 2020[33] - R&D expenses surged by 210% year-on-year, reflecting increased investment in research and development[35] Shareholder Information - The number of shareholders at the end of the reporting period was 49,021[23] - The largest shareholder, Yunnan Precious Metals New Materials Holding Group Co., Ltd., held 39.64% of the shares[23] Other Income and Expenses - Other income increased by 1,033.53% year-on-year, mainly due to a settlement payment received during the reporting period[35] - Financial expenses increased by 62% year-on-year, attributed to expanded business scale and increased bank borrowings[35] - The company's financial expenses increased to ¥66,479,296.36 in Q1 2021, up from ¥41,037,209.29 in Q1 2020, indicating a growth of approximately 62.1%[57]

Financial Performance - In 2020, the company achieved a total profit of CNY 412,967,261.55 and a net profit of CNY 363,989,024.03, with a net profit attributable to shareholders of CNY 326,123,108.71[6] - The company's operating revenue for 2020 was CNY 28,926,477,766.67, representing a year-on-year increase of 35.46% compared to CNY 21,354,996,597.18 in 2019[25] - The net profit attributable to shareholders for 2020 was CNY 282,922,013.18, which is a 59.49% increase from CNY 177,390,230.66 in 2019[25] - Basic earnings per share for 2020 increased by 33.93% to CNY 0.75, up from CNY 0.56 in 2019[26] - The total assets of the company at the end of 2020 were CNY 9,570,767,430.58, reflecting a 27.01% increase from CNY 7,535,681,579.96 at the end of 2019[25] - The company reported a net cash flow from operating activities of CNY 56,537,649.07 in 2020, a significant recovery from a negative cash flow of CNY -851,368,571.15 in 2019[25] - The total profit for the year was ¥412,967,261.55, reflecting a 35.97% increase compared to ¥303,715,998.55 in 2019[50] - Net profit reached ¥363,989,024.03, up 40.03% from ¥259,942,797.53 in the prior year[50] Dividend Policy - The proposed cash dividend is CNY 2.3 per 10 shares, totaling CNY 100,672,842.53, which represents 30.87% of the net profit attributable to shareholders[6] - The company’s cash dividend distribution ratio has decreased from 50.88% in 2019 to 30.87% in 2020, reflecting a strategic shift in profit allocation[115] - The cash dividend per 10 shares was RMB 2.30 in 2020, down from RMB 2.70 in 2019[115] - The company did not issue any bonus shares or stock increases in 2020, maintaining a consistent approach to shareholder returns[115] - The company has committed to distributing at least 10% of its distributable profits as cash dividends annually from 2018 to 2020, with a cumulative distribution of no less than 30% of the average annual distributable profits over the three years[124] Business Operations and Strategy - The company plans to increase its total share capital from 437,708,011 shares to 569,020,415 shares through a capital reserve transfer of 3 shares for every 10 shares held[6] - The company plans to continue expanding its business in precious metal resource recycling and precursor materials, which contributed to the profit growth in 2020[28] - The company aims to achieve a revenue target of 34 billion yuan in 2021, focusing on the precious metals new materials industry chain advantages[105] - The company is exploring the establishment of an online trading platform for precious metals to facilitate seamless physical transactions[105] - The company intends to increase R&D investment and accelerate the development of key core technologies, aiming for breakthroughs in new products like gas engine purification catalysts[105] Risk Management - The company has outlined potential risks in its business operations, which are detailed in the report[9] - The company emphasizes that forward-looking statements do not constitute substantive commitments to investors, highlighting the importance of investment risk awareness[6] - The company recognizes the risks associated with precious metal price fluctuations and market demand influenced by macroeconomic conditions[109] Governance and Compliance - The company has a comprehensive governance structure and has achieved certifications for quality management systems, enhancing operational efficiency[43] - The company has committed to avoiding any substantial competition with its controlling shareholder, Yunnan Investment Holding Group, ensuring operational independence[118] - The company has established measures to ensure independence in personnel, finance, assets, and operations between itself and its controlling shareholder, Guizhou Yanyuan Platinum Industry[124] - The company has not reported any significant accounting policy changes or major accounting errors during the reporting period[130] - The company maintains a focus on governance and compliance, as evidenced by the absence of regulatory penalties[198] Environmental Responsibility - The company has passed the ISO14001 environmental management system certification and publishes its environmental report annually[158] - The company conducts regular environmental monitoring, including quarterly monitoring of production waste gas and semi-annual testing of wastewater[157] - The company has established emergency response plans for environmental incidents, which have been filed with local environmental authorities[156] Market and Industry Insights - The precious metals industry is critical for various sectors, including aerospace, electronics, and environmental protection, highlighting the strategic importance of the company's offerings[39] - The global precious metals market size in 2019 was $196.35 billion, with China's market size reaching $76.86 billion, accounting for 39.1% of the global market[84] - Precious metals are crucial in the automotive industry for catalytic converters, with significant growth potential as domestic production accelerates under stricter emission standards[90] Research and Development - Research and development expenses totaled ¥587.89 million, accounting for 2.03% of operating revenue, with 391 R&D personnel representing 28.67% of the total workforce[71] - The company operates 7 national-level innovation platforms and 8 provincial-level platforms, enhancing its R&D capabilities[72] - The company has 72 ongoing technology projects, including 7 application research projects and 64 key technology projects for new products[72]

Financial Performance - Net profit attributable to shareholders increased by 83.11% to CNY 289,834,400.52 year-to-date[17] - Operating revenue for the first nine months reached CNY 19,001,450,659.58, a 13.66% increase year-on-year[17] - Basic earnings per share increased by 69.23% to CNY 0.66[17] - The company reported a significant increase in total operating revenue of ¥19,001,450,659.58 for the first three quarters of 2020, a 13.7% increase from ¥16,717,601,851.53 in the same period of 2019[54] - Net profit for Q3 2020 was ¥85,757,404.75, representing a 54.1% increase compared to ¥55,625,969.18 in Q3 2019[57] - The total profit for Q3 2020 was ¥95,052,401.76, up from ¥67,523,932.45 in Q3 2019, marking an increase of 40.8%[57] - The company’s net profit margin improved, with undistributed profits rising to CNY 854,612,084.16 from CNY 682,958,846.61, an increase of approximately 25.1%[49] Assets and Liabilities - Total assets increased by 30.91% to CNY 9,865,203,779.67 compared to the end of the previous year[17] - The company reported a total of 54,181 shareholders as of the end of the reporting period[22] - Total liabilities reached CNY 6,255,371,792.11, up from CNY 4,115,654,178.16, indicating a rise of around 51.9%[49] - The total current liabilities rose to ¥4,470,041,918.81 from ¥2,663,783,074.60, representing an increase of approximately 68%[43] - The company’s total liabilities to equity ratio indicates a leverage ratio that may impact future financing strategies[113] Cash Flow - Cash flow from operating activities showed a net inflow of CNY 133,025,151.11, a significant recovery from a net outflow of CNY -552,975,574.01 in the same period last year[17] - Operating cash flow net amount increased by 686 million RMB compared to the same period last year, mainly due to an increase in advance payments received[31] - The cash flow from operating activities for the first three quarters of 2020 was approximately ¥20.69 billion, compared to ¥17.53 billion in the same period of 2019, reflecting a growth of 12.3%[65] - The company reported a net cash flow from operating activities of ¥133.03 million in Q3 2020, a significant recovery from a net outflow of ¥552.98 million in Q3 2019[69] - Net cash flow from investing activities was CNY 255,796,247.39, a recovery from a negative cash flow of CNY -151,342,685.30 in the previous year[74] Investments and Expenses - Research and development expenses grew by 45.22% year-on-year, reflecting the company's increased investment in R&D[30] - Research and development expenses in Q3 2020 amounted to ¥61,526,088.45, a significant increase of 132.4% from ¥26,501,644.15 in Q3 2019[54] - Financial expenses rose by 34.20% year-on-year, primarily due to increased interest expenses from bank loans[30] - The company incurred financial expenses of approximately ¥10.29 million in Q3 2020, up from ¥4.05 million in Q3 2019, indicating increased borrowing costs[62] Shareholder Information - The largest shareholder, Yunnan Precious Metals New Materials Holding Group Co., Ltd., holds 39.64% of the shares[22] - Shareholders' equity increased to CNY 3,609,831,987.56 from CNY 3,420,027,401.80, showing a growth of about 5.5%[49] Inventory and Receivables - Accounts receivable rose by 83.98% compared to the end of the previous year, attributed to an increase in accepted but not yet due bills[27] - Inventory levels rose to ¥4,016,671,646.23, compared to ¥3,272,143,075.61 in the previous year, marking an increase of around 23%[39] - The company reported a significant increase in accounts receivable, which reached CNY 563,360,327.12, up from CNY 340,878,252.57, a growth of approximately 65.1%[49] Future Outlook - The company plans to continue focusing on expanding its market presence and enhancing product offerings in the upcoming quarters[73]

证券简称：贵研铂业 证券代码：600459 公告编号：临 2020-033 贵研铂业股份有限公司 关于参加"云南辖区上市公司投资者网上集体接待日活动"的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大 遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 为进一步加强与投资者的沟通交流工作，促进云南辖区资本市场持续健康发展。公司将 参加由中国证券监督管理委员会云南监管局指导，云南省上市公司协会及深圳全景网络有限 公司共同举办的"云南辖区上市公司 2020 年投资者网上集体接待日"主题活动，现将有关 事项公告如下： 本次集体接待日活动将在深圳全景网络有限公司提供的网上平台，采取网络远程的线上 活动方式举行。投资者可以登录"全景•路演天下"网站（http://rs.p5w.net/），参与公 司本次投资者集体接待日活动，活动时间为 2020 年 9 月 18 日（星期五）9:30 至 12:00。 届时，公司高管人员将参加本次活动，通过网上在线交流形式，就公司 2019 年年报及 2020 年半年报、公司治理、经营状况、可持续发展等投资者所关心的问题进行沟通。 欢迎广大投资 ...