云南驰宏锌锗股份有限公司 2018 年第三季度报告 1 / 17 | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 5 | | 四、 | 附录 | 7 | 2018 年第三季度报告 一、 重要提示 1.1 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、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 2018 年第三季度报告 公司代码：600497 公司简称：驰宏锌锗 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人孙勇、主管会计工作负责人孙成余及会计机构负责人（会计主管人员） 李昌云保证季度报告中财务报表的真实、准确、完整。 1.4 本公司第三季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 | | | | 单位：元 币种：人民币 | | | | --- | --- | --- | --- | --- | --- | | | 本报告期末 | 上年度末 | | 本报告期末比上年 | | | | | | | 度末增减(%) | | | ...

Financial Performance - The company's operating revenue for the first half of 2018 was CNY 10,341,157,631.13, representing a 12.88% increase compared to CNY 9,161,014,133.95 in the same period last year[18]. - The net profit attributable to shareholders of the listed company reached CNY 731,677,569.48, a 34.34% increase from CNY 544,628,178.43 year-on-year[18]. - The net profit after deducting non-recurring gains and losses was CNY 727,155,298.29, up 36.44% from CNY 532,948,108.50 in the previous year[18]. - The basic earnings per share for the first half of 2018 was CNY 0.1437, reflecting a 13.69% increase from CNY 0.1264 in the same period last year[19]. - The diluted earnings per share also stood at CNY 0.1437, marking a 13.69% increase year-on-year[19]. - The total output of refined lead and zinc products was 249,100 tons, an increase of 9.21% compared to the previous year[39]. - The company produced 124,500 tons of zinc metal, accounting for 6.46% of domestic zinc production[32]. - The company reported a total comprehensive income of CNY 731,677,569.48 for the period[167]. - The company’s net cash flow from operating activities was significantly impacted by a decrease in cash received from sales, which totaled CNY 4,893,368,769.66, down 22.3% from CNY 6,295,221,200.73 in the previous period[163]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 31,551,852,190.35, a decrease of 3.81% compared to CNY 32,803,131,436.59 at the end of the previous year[18]. - The total liabilities decreased from 16.590 billion RMB to 14.702 billion RMB, reflecting a reduction in the company's debt load[148]. - Non-current liabilities decreased from 6.620 billion RMB to 5.358 billion RMB, indicating improved long-term financial stability[148]. - The company's total equity increased to CNY 15,765,766,530.71, up from CNY 14,987,007,896.43, reflecting improved financial health[153]. - The total equity attributable to shareholders at the end of the period was CNY 16,849,565,250.32, an increase from CNY 16,213,389,608.29 at the beginning of the period[167]. Cash Flow - The net cash flow from operating activities was CNY 1,536,937,944.25, down 12.03% from CNY 1,747,096,939.39 in the previous year[18]. - Cash and cash equivalents decreased by 45.04% to ¥1,563,051,794.20, primarily due to repayment of interest-bearing liabilities and project expenditures[47]. - The company reported a net decrease in cash and cash equivalents of CNY -1,299,067,541.65, compared to a decrease of CNY -120,383,313.94 in the previous period[161]. - Cash and cash equivalents at the end of the period stood at CNY 1,409,805,876.24, down from CNY 1,627,724,557.20 in the previous period[161]. Production Capacity and Operations - The company has a comprehensive production capacity of 3 million tons/year for ore selection, 622,000 tons/year for lead-zinc smelting, 150 tons/year for silver, 70 kg/year for gold, and 30 tons/year for germanium products[24]. - The lead-zinc smelting capacity is 622,000 tons/year, with lead smelting capacity at 230,000 tons/year and zinc smelting capacity at 392,000 tons/year[27]. - The company has identified 600 tons of high-quality germanium resources, with an annual production of nearly 40 tons, accounting for approximately 25% of the national output[29]. - The company operates 75 exploration rights and 42 mining rights in China, with a total area of 1,045 km² and 83.2 km² respectively[26]. - The company has expanded its zinc production capacity from 5,000 tons per year to 12,000 tons per year, and flotation capacity from 200 tons per day to 400 tons per day[104]. Environmental Compliance - The company maintained a 100% compliance rate for waste water and air pollutant discharge, with no environmental incidents reported[41]. - The company has implemented new technologies to reduce particulate matter emissions to 15.36 mg/m³ from the smelting furnace, which is below the 80 mg/m³ limit[79]. - The company has established comprehensive pollution prevention facilities in compliance with national environmental protection laws, ensuring effective management of waste gas, wastewater, and noise pollution[94]. - The company has actively participated in environmental protection initiatives, with all key pollution units holding valid discharge permits[76]. - The company has received environmental approvals for multiple projects, demonstrating compliance with regulatory standards[103]. Research and Development - Research and development expenditure increased by 101.86% to CNY 52.34 million, reflecting a commitment to innovation[43]. - The company aims to strengthen technological innovation and enhance comprehensive resource utilization during the 13th Five-Year Plan period[27]. - The company is focusing on technological advancements to improve emission control systems and reduce overall environmental impact[82]. Market Strategy and Risks - The company plans to enhance market analysis capabilities and utilize hedging tools to mitigate market risks associated with lead and zinc price fluctuations[51]. - The company faces risks in its trading business due to large transaction volumes and fluctuating metal prices, necessitating improved market analysis and risk control[56]. - The company faces risks in overseas operations due to cultural differences, legal system disparities, labor disputes, communication barriers, and management challenges, and plans to enhance management capabilities and processes to mitigate these risks[57]. Shareholder Information - The company reported a total of 185,320 common stock shareholders as of the end of the reporting period[115]. - Yunnan Metallurgical Group Co., Ltd. holds 38.19% of the company's shares, with 1,944,142,784 shares pledged[115]. - The company has not reported any changes in the control of major shareholders or actual controllers[118]. - There were no changes in the shareholdings of directors and senior management during the reporting period[121]. Debt and Financing - The company has established a special account for debt repayment to ensure timely and full payment of bond principal and interest[135]. - The company's credit rating remains stable at AA+ as per the reports from Zhongchengxin Securities Rating Co., Ltd. issued on July 1, 2016, June 26, 2017, and May 16, 2018[131]. - Total bank credit facilities amounted to 21.883 billion RMB, with 10.319 billion RMB utilized and 11.564 billion RMB remaining as available credit[143].

2018 年第一季度报告 公司代码：600497 公司简称：驰宏锌锗 云南驰宏锌锗股份有限公司 2018 年第一季度报告 1 / 16 | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 5 | | 四、 | 附录 | 7 | 2018 年第一季度报告 一、 重要提示 1.1 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、误导性陈述或者重大遗漏，并承担个别和连带的法 律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人孙勇、主管会计工作负责人孙成余及会计机构负责人（会计主管人 员）李昌云保证季度报告中财务报表的真实、准确、完整。 2.1 主要财务数据 单位：元 币种：人民币 | | 本报告期末 | 上年度末 | 本报告期末比上年度 末增减(%) | | | --- | --- | --- | --- | --- | | 总资产 | 32,095,500,872.77 | 32,803,131,436.59 | | -2.16 | | 归属于上市公 ...

Financial Performance - In 2017, the net profit attributable to shareholders of the parent company was CNY 1,155,182,990.34, while the net profit of the parent company was CNY 1,111,858,332.76[5]. - The actual distributable profit for 2017, after deducting the statutory surplus reserve of CNY 23,589,454.25, was CNY 212,305,088.21[5]. - The company plans to distribute a cash dividend of CNY 0.3 per 10 shares, totaling CNY 152,738,747.04, based on a total share capital of 5,091,291,568 shares as of December 31, 2017[5]. - The company's operating revenue for 2017 was CNY 18,469,494,476.17, representing a 30.95% increase compared to CNY 14,104,396,443.89 in 2016[20]. - The net profit attributable to shareholders for 2017 was CNY 1,155,182,990.34, a significant recovery from a loss of CNY 1,652,909,585.10 in 2016[20]. - The net cash flow from operating activities reached CNY 3,650,265,401.55, marking a 109.53% increase from CNY 1,742,116,392.87 in 2016[20]. - The basic earnings per share for 2017 was CNY 0.2640, recovering from a loss of CNY 0.4111 per share in 2016[21]. - The weighted average return on equity for 2017 was 11.88%, a significant improvement from -19.15% in 2016[21]. - The company reported a total of CNY 8,990,373.18 in non-recurring gains and losses for 2017, compared to a loss of CNY 58,055,631.22 in 2016[25]. - The company’s total revenue for the year was 1,844,844.66 million yuan, with the top five customers accounting for 18.45% of total sales[66]. Production and Operations - The company has a comprehensive production capacity of 3 million tons of ore selection, 622,000 tons of lead-zinc smelting, and 150 tons of silver as of the end of 2017[28]. - The company produced 10.66 million tons of lead metal in 2017, accounting for 5.13% of domestic production, and 26.41 million tons of zinc metal, representing 6.14% of domestic output[37]. - The company’s lead and zinc production in 2017 included 8.56 million tons of refined lead and 39.7 million tons of refined zinc, representing 1.76% and 6.79% of domestic production, respectively[37]. - The company maintained a production and sales balance, with actual sales of zinc ingots at 33.65 million tons and lead ingots at 8.43 million tons, surpassing production targets[49]. - The company plans to produce 375,000 tons of lead and zinc metal in 2018, with refined lead and zinc totaling 454,000 tons, including 75,000 tons of refined lead and 289,000 tons of refined zinc[95]. Market and Sales - The average price of zinc in 2017 was 23,918 RMB/ton, while lead prices reached an average of 18,327 RMB/ton, significantly contributing to the company's profit growth[47]. - The company’s trading model includes a mix of long-term contracts and competitive pricing strategies, primarily based on LME price trends[35]. - The company plans to expand its market presence and enhance product offerings through strategic investments and potential acquisitions[58]. - The global zinc market is expected to remain in a state of shortage in 2018, with a projected shortfall of 290,000 tons[87]. Research and Development - The company’s R&D expenditure increased by 148.92% to 64.43 million RMB, reflecting a commitment to innovation and technology development[56]. - The company applied for 59 patents in 2017, including 17 invention patents, and achieved 54 authorizations, with a total of 203 patents held by the end of the reporting period[71]. - Research and development expenses increased due to greater investment in R&D projects[58]. Environmental and Social Responsibility - The company’s environmental protection measures achieved a 100% compliance rate for wastewater treatment and solid waste disposal[145]. - The company completed 53 key environmental protection projects in 2017, with no environmental pollution incidents reported[145]. - The company’s poverty alleviation strategy focuses on enhancing local industries and establishing market mechanisms to support impoverished populations[136]. - In 2017, the company invested a total of 2.7081 million RMB in poverty alleviation efforts, including 1 million RMB in external investment for the Tuo Gu village project[138]. Corporate Governance - The company is committed to ensuring the accuracy and completeness of the annual report, with all board members present at the meeting[9]. - The report includes a standard unqualified audit opinion from Ruihua Certified Public Accountants[4]. - The company has not encountered any situations where funds were occupied or overdue during the reporting period[109]. - The company has committed to avoiding any direct involvement in the production and operation activities of its controlled enterprises to protect the interests of other shareholders[108]. - The company has engaged Ruihua Certified Public Accountants to audit the effectiveness of internal controls, confirming that effective financial reporting controls were maintained as of December 31, 2017[200]. Shareholder Information - The total number of ordinary shares increased from 4,309,898,186 to 5,091,291,568 due to a non-public issuance of 781,393,382 shares[152]. - The company’s major shareholder remains Yunnan Metallurgical Group Co., Ltd., controlled by the Yunnan Provincial Government[159]. - The total number of ordinary shareholders increased from 181,478 to 196,717 during the reporting period[159]. - The company has no controlling or affiliated relationships with other shareholders, except for Yunnan Metallurgical Group Co., Ltd. as the controlling shareholder[163]. Risk Management - The company has described potential risks it may face in the report, which investors should review[8]. - The company faces risks related to price fluctuations in lead and zinc, which directly impact profitability, and plans to utilize futures hedging to mitigate these risks[98]. - The company plans to strengthen risk management and internal controls to mitigate operational risks and enhance corporate governance[97].

2017 年第三季度报告 公司代码：600497 公司简称：驰宏锌锗 云南驰宏锌锗股份有限公司 2017 年第三季度报告 1 / 19 二、 公司基本情况 2.1 主要财务数据 非经常性损益项目和金额 √适用 □不适用 单位：元 币种：人民币 | 项目 | 本期金额 | 年初至报告期末 | 说明 | | --- | --- | --- | --- | | | （7－9 月） | 金额（1-9 月） | | | 非流动资产处置损益 | -196,844.84 | 66,809.26 | | | 计入当期损益的政府补助，但与公司正常经营 | 13,844,842.14 | 28,531,588.34 | | | 业务密切相关，符合国家政策规定、按照一定 | | | | 3 / 19 单位：元 币种：人民币 本报告期末 上年度末 本报告期末比上年度 末增减（%） 总资产 32,961,172,866.68 32,831,830,184.52 0.39 归属于上市公司股东的净资产 9,510,099,225.89 8,814,159,909.16 7.90 年初至报告期末 （1-9 月） 上年初至上年报 告期末（1- ...

Financial Performance - The company's operating revenue for the first half of 2017 reached ¥9,161,014,133.95, representing a 51.28% increase compared to ¥6,055,814,343.37 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was ¥544,628,178.43, a significant increase of 3,148.50% from ¥16,765,502.29 in the previous year[20]. - The net cash flow from operating activities was ¥1,747,096,939.39, up 193.14% from ¥596,004,166.81 in the same period last year[20]. - Basic earnings per share for the first half of 2017 were ¥0.1264, a remarkable increase of 1,304.44% compared to ¥0.009 in the same period last year[21]. - Operating profit surged by 1,868.98%, while total profit increased by 1,348.41%, and net profit attributable to shareholders rose by 3,148.50% compared to the same period last year[39]. - The total comprehensive income for the first half of 2017 was CNY 401,632,938.05, compared to CNY 76,032,654.96 in the same period last year[126]. Assets and Liabilities - The total assets at the end of the reporting period were ¥32,177,835,212.65, a decrease of 1.99% from ¥32,831,830,184.52 at the end of the previous year[20]. - The company's total liabilities amounted to CNY 14,678,164,392.65, slightly up from CNY 14,392,497,385.65, indicating a 2% increase[120]. - Total assets decreased from RMB 32.83 billion to RMB 32.18 billion, a reduction of approximately 1.99%[114]. - Total liabilities decreased from RMB 21.57 billion to RMB 20.37 billion, a reduction of approximately 5.57%[115]. Production and Capacity - The company has a comprehensive production capacity of 3 million tons of ore selection, 522,000 tons of refined lead and zinc, 150 tons of silver, and 30 tons of germanium[26]. - The company produced 49,700 tons of lead, accounting for 4.62% of the national output, and 129,500 tons of zinc, accounting for 6.20% of the national output in the first half of 2017[35]. - The company achieved production targets for the 160,000-ton lead-zinc smelting project in Waya and the 200,000-ton smelting project in Hulunbuir, increasing the procurement of zinc raw materials[54]. Investments and Acquisitions - The company plans to expand its resource reserves in Tibet by acquiring a controlling stake in Tibet Xinh Lake Mining Co., Ltd.[79]. - The acquisition process has faced delays due to litigation issues and ongoing negotiations regarding exploration and development investments with the original shareholders[79]. - The company holds 72 exploration rights and 43 mining rights across various provinces, with a total production scale of 3.83 million tons per year[26]. Research and Development - Research and development expenses increased by 90.33% to CNY 25.93 million, reflecting the company's commitment to enhancing R&D efforts[43]. Market and Trade - The company’s trade business primarily involves lead and zinc products, with a marketing strategy focused on open cooperation and value creation[30]. - The company’s market share is bolstered by its high resource self-sufficiency and high-grade mines, resulting in a sales gross margin above the industry average[34]. Risk Management - The company has described potential risks it may face in the report, which investors should be aware of[7]. - The company faces increased environmental risks due to stricter regulations and public awareness, necessitating enhanced compliance and environmental management efforts[55]. Corporate Governance - The company has a commitment to ensure that its controlling shareholder does not engage in competing production activities with its subsidiaries, protecting shareholder interests[58]. - The company has committed to reducing related party transactions with Chihong Zn & Ge and will not seek preferential treatment in business cooperation due to its shareholder status[59]. Financial Reporting and Compliance - The report is unaudited, and the management has confirmed the accuracy and completeness of the financial report[4]. - The financial statements are prepared based on the assumption of going concern, in accordance with the relevant accounting standards and regulations[150]. - The company’s financial reporting complies with the disclosure requirements set by the China Securities Regulatory Commission[152]. Social Responsibility - The company invested a total of RMB 2.2209 million in poverty alleviation efforts, including RMB 2.209 million in funds and RMB 0.0119 million in material donations[74]. - A total of 224 impoverished households were visited for follow-up support during the reporting period[74]. Shareholder Information - As of the end of the reporting period, the total number of common stock shareholders was 200,442[83]. - The largest shareholder, Yunnan Metallurgical Group Co., Ltd., holds 1,659,010,402 shares, representing 38.49% of the total shares[84]. Debt and Financing - The total amount of guarantees provided by the company, including those to subsidiaries, is 5.3338 billion RMB, which accounts for 45.17% of the company's net assets[69]. - The company has implemented a series of measures to ensure the safety and timely repayment of the bonds[99].

Financial Performance - Operating revenue for the period reached CNY 4,633,677,153.25, representing a significant increase of 96.28% year-on-year[8]. - Net profit attributable to shareholders of the listed company was CNY 291,712,197.46, a turnaround from a loss of CNY 54,227,559.85 in the same period last year[8]. - The net profit attributable to the parent company was ¥291,712,197.46, a significant turnaround from a loss of ¥54,227,559.85 in the previous period, driven by higher lead and zinc prices compared to the same period last year[14]. - The company's operating profit for the current period was ¥214,017,933.37, compared to ¥40,223,343.13 in the previous period, indicating an increase of approximately 431.5%[29]. - The total profit for the current period was ¥215,781,661.14, compared to ¥40,489,821.95 in the previous period, marking an increase of around 433.5%[29]. Cash Flow - Net cash flow from operating activities surged by 407.86% to CNY 620,701,221.58 compared to the previous year[8]. - The cash flow from operating activities generated a net amount of ¥620,701,221.58, up from ¥122,218,708.97 in the previous period, reflecting a growth of approximately 408.5%[30]. - Investment activities generated a net cash flow of -¥142,645,231.18, an improvement from -¥250,579,927.59 in the previous period, primarily due to reduced investment expenditures[14]. - The net cash flow from financing activities was -$438.87 million, contrasting with a positive cash flow of $206.81 million in the previous period[33]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 32,310,506,253.46, a decrease of 1.59% compared to the end of the previous year[7]. - Current liabilities totaled ¥12,997,836,333.58, slightly up from ¥12,810,672,289.86 in the previous period[20]. - Non-current liabilities decreased to ¥7,759,125,184.45 from ¥8,758,726,232.78, indicating a reduction in long-term financial obligations[20]. - The total liabilities decreased to ¥14,355,503,801.60 from ¥14,392,497,385.65, showing a slight reduction of about 0.3%[27]. Shareholder Information - The number of shareholders at the end of the reporting period was 192,303[10]. - The top shareholder, Yunnan Metallurgical Group Co., Ltd., held 38.49% of the shares, with 1,659,010,402 shares pledged[11]. Investments and Financial Assets - The company reported a significant increase in available-for-sale financial assets by 91.68% to CNY 277,440,585.41 due to changes in subsidiary status[13]. - Prepayments increased by 52.06% to CNY 211,018,180.48, indicating a rise in advance payments for goods sold[13]. Earnings Per Share - The basic earnings per share for Q1 2017 was ¥0.0677, compared to a loss of ¥0.0163 per share in the same quarter last year[27]. Inventory and Receivables - The company reported a significant increase in accounts receivable, which rose to ¥184,085,622.50 from ¥165,229,620.25, an increase of about 11.0%[22]. - The company’s inventory decreased to ¥626,549,681.93 from ¥759,635,117.08, reflecting a reduction of approximately 17.4%[22].

Financial Performance - The company reported a net profit of -1,591,491,428.27 CNY for the year 2016, resulting in a distributable profit of -875,963,790.30 CNY after accounting for previous retained earnings and dividends paid[2]. - Due to the negative distributable profit, the company will not issue cash dividends or increase capital from reserves for the year 2016[2]. - In 2016, the company's operating revenue was approximately CNY 14.10 billion, a decrease of 22.13% compared to CNY 18.11 billion in 2015[18]. - The net profit attributable to shareholders was a loss of approximately CNY 1.65 billion, a significant decline from a profit of CNY 49.53 million in 2015, representing a decrease of 3,437.48%[18]. - The basic earnings per share for 2016 was -CNY 0.4111, a decrease of 2,877.70% from CNY 0.0148 in 2015[19]. - The weighted average return on equity was -19.15% in 2016, a decrease of 19.86 percentage points from 0.71% in 2015[19]. - The company reported a net cash flow from operating activities of approximately CNY 1.74 billion, a decrease of 5.15% from CNY 1.84 billion in 2015[18]. - The company achieved a total revenue of RMB 14.1 billion in 2016, a decrease of 22.13% compared to the previous year[49]. - The company reported a net loss attributable to shareholders of RMB 1.65 billion, marking the first annual loss since its listing, primarily due to a significant asset impairment provision of RMB 1.87 billion[47]. Operational Highlights - The company has a comprehensive production capacity of 3 million tons of ore selection, 522,000 tons of refined lead and zinc, and 150 tons of silver as of the end of 2016[26]. - The company holds 72 exploration rights and 43 mining rights in various provinces in China, with a total approved production scale of 3.83 million tons per year[27]. - The company has a lead and zinc smelting capacity of 582,000 tons, with lead capacity at 220,000 tons and zinc capacity at 362,000 tons[29]. - In 2016, the company produced 112,800 tons of lead, accounting for 5.1% of domestic lead production, and 263,700 tons of zinc, accounting for 6% of domestic zinc production[37]. - The company's main business revenue structure includes non-ferrous metal mining and smelting, non-metallic mining, and trading of non-ferrous metal products[32]. - The company has identified 600 tons of recoverable germanium resources, producing over 30 tons of germanium concentrate annually, representing approximately 25% of the national output[31]. Strategic Initiatives - The company has a strategic focus on the development of new products and technologies, although specific details were not disclosed in the provided content[1]. - The company plans to enhance technological innovation and improve resource utilization and product processing during the 13th Five-Year Plan period[29]. - The company plans to expand its mining operations internationally, with mining rights in Bolivia and Canada currently in the development stage[28]. - The company is focusing on resource expansion and geological exploration to achieve new breakthroughs in resource reserves[44]. - The company plans to optimize its asset structure and focus on high-quality investments while reducing ineffective assets to improve overall efficiency[87]. Risk Management - The company has acknowledged potential risks in its operations, which are detailed in the fourth section of the annual report[5]. - The company implemented a risk prevention-oriented management system, issuing 13 important management regulations throughout the year[45]. - The company faces significant environmental risks due to its operations in a heavily regulated industry, necessitating increased investment in environmental protection measures[90]. Shareholder and Governance - The company has committed to a strict profit distribution policy in accordance with its articles of association, ensuring fair treatment of all shareholders[99]. - The company will not engage in business activities that could lead to competition with Chihong Zinc & Germanium, protecting shareholder interests[98]. - The company’s dividend distribution plan for 2016 is subject to shareholder approval[96]. - The company plans to distribute at least 30% of the average distributable profit over the next three years in cash dividends, with a minimum of 10% of the annual distributable profit allocated for cash dividends each year[99]. - The company has not encountered any major litigation or arbitration matters during the reporting period[107]. Research and Development - The company’s R&D expenditure decreased by 34.01% to RMB 25.89 million, primarily due to the transfer of R&D expenses to current profits and losses[49]. - Total R&D investment amounted to ¥25,885,226.24, representing 0.18% of operating revenue, with 41.44% of R&D costs capitalized[62]. - The company applied for 61 patents in 2016, with 50 patents granted, bringing the total to 148 patents[64]. Social Responsibility - The company invested a total of RMB 8.0245 million in poverty alleviation efforts, helping 1,923 individuals from 585 impoverished families to escape poverty[131]. - The company established a leadership group for poverty alleviation, with offices set up in various regions to coordinate efforts and support local communities[131]. - The company is committed to fulfilling its social responsibilities while ensuring effective poverty alleviation measures are implemented[135]. Future Outlook - The company expects to achieve an operating income of 16.5 billion yuan in 2017, with self-produced product revenue of 9 billion yuan and commodity trade revenue of 7.5 billion yuan, indicating a significant improvement in profitability[86]. - The company plans to continue expanding its market presence and exploring new strategies for growth[148]. - Future plans include strengthening grassroots party organization construction and promoting local industry development tailored to market demands[135]. - The company is committed to improving its safety management system and enhancing safety production standards to address the high-risk nature of its mining and smelting operations[89].

Financial Performance - Operating revenue decreased by 32.81% to CNY 10,506,305,552.88 for the period from January to September[7] - Net profit attributable to shareholders increased by 7.40% to CNY 71,216,480.30 for the period from January to September[7] - Operating revenue for the first nine months of 2016 was CNY 10,506,305,552.88, a decrease of 32.81% compared to CNY 15,637,860,440.48 in the same period of 2015, primarily due to a decline in trade revenue[13] - Total revenue for the first nine months was CNY 10,506,305,552.88, down from CNY 15,637,860,440.48 in the same period last year, representing a decrease of approximately 32.5%[26] - Operating profit for the first nine months of 2016 was ¥146.10 million, down 57.5% from ¥344.40 million in the same period last year[30] - The company reported a total profit of ¥102.35 million in Q3 2016, compared to ¥57.63 million in Q3 2015, marking a 77.7% increase[30] Assets and Liabilities - Total assets increased by 4.69% to CNY 35,062,509,201.42 compared to the end of the previous year[7] - The company's total liabilities decreased slightly from CNY 22,325,498,935.76 to CNY 22,075,565,407.82, a reduction of approximately 1.1%[21] - Total current liabilities rose to CNY 13,575,364,792.17 from CNY 13,202,220,220.77, indicating an increase of about 2.8%[21] - The company's long-term borrowings decreased to CNY 6,918,423,089.00 from CNY 7,460,615,462.64, a decline of about 7.3%[21] - The company reported a total asset value of CNY 26,815,764,047.83, up from CNY 22,839,586,549.40 at the beginning of the year, reflecting an increase of approximately 17.3%[24] Shareholder Information - Net assets attributable to shareholders increased by 53.38% to CNY 10,554,019,609.29 compared to the end of the previous year[7] - The number of shareholders reached 137,746 by the end of the reporting period[9] - The largest shareholder, Yunnan Metallurgical Group Co., Ltd., holds 38.49% of the shares[9] - The equity attributable to the parent company increased significantly to CNY 10,554,019,609.29 from CNY 6,880,920,576.72, reflecting a growth of about 53.5%[21] Cash Flow - Cash flow from operating activities increased by 8.24% to CNY 1,265,330,845.75 for the period from January to September[7] - The total cash inflow from operating activities for the first nine months of 2016 was CNY 12,481,654,631.72, a decrease of 31.1% compared to CNY 18,216,834,234.07 in the same period last year[31] - The net cash flow from operating activities was CNY 1,265,330,845.75, showing an increase of 8.2% from CNY 1,169,011,870.95 year-on-year[31] - The company raised CNY 1,250,810,090.52 from financing activities, a significant turnaround from a negative cash flow of CNY 271,364,291.25, primarily due to a private placement of 274,599,787 new shares[13] - The cash outflow for investing activities totaled CNY 2,771,192,296.65, compared to CNY 1,368,578,455.45 in the previous year, indicating a significant increase of 102.9%[32] Investment and Expenses - Investment income improved by 72.60%, with a loss of CNY 22,464,344.78 compared to a loss of CNY 81,982,406.56 in the previous year, attributed to a decrease in actual futures losses[13] - The company reported a significant increase in income tax expenses, rising 457.19% to CNY 81,878,629.23 from CNY 14,694,793.84, primarily due to increased tax expenses[13] - The company recorded an investment income of ¥130.13 million in Q3 2016, compared to a loss of ¥5.52 million in Q3 2015[30] Strategic Initiatives - The company plans to issue up to 556,557,121 shares to raise no more than CNY 470,290.77 million, pending approval from the China Securities Regulatory Commission[15] - The company is in the process of transferring mining rights related to three mining licenses to better protect shareholder interests[16] - The company has committed to avoiding competition with its subsidiary, ensuring that it does not engage in similar production activities that could harm shareholder interests[16] - The company is focused on market expansion and strategic acquisitions to enhance its operational capabilities and shareholder value[15] - The company plans to focus on market expansion and new product development in the upcoming quarters[26] Inventory and Receivables - Significant increase in prepayments by 66.06% to CNY 251,583,765.06 due to increased raw material procurement[12] - The company reported a significant increase in inventory, with a balance of CNY 1,755,731,160.65 compared to CNY 1,934,721,053.34 at the beginning of the year, indicating a decrease of approximately 9.3%[19] - Accounts receivable decreased to CNY 197,387,291.41 from CNY 276,184,503.84, a decline of approximately 28.5%[23] - Inventory decreased slightly to CNY 748,775,653.92 from CNY 771,685,802.63, a reduction of about 3.0%[23]

Financial Performance - Basic earnings per share decreased by 76.98% to RMB 0.0090 compared to the same period last year[18]. - The diluted earnings per share also fell by 76.98% to RMB 0.0090 compared to the previous year[18]. - The company reported a basic earnings per share after deducting non-recurring gains and losses of RMB -0.0133, a decrease of 133.93% year-on-year[18]. - Net profit attributable to shareholders was RMB 16.77 million, down 74.28% from RMB 65.18 million year-on-year[22]. - The net profit after deducting non-recurring gains and losses was RMB -24.84 million, a decline of 137.99% compared to RMB 65.38 million in the previous year[22]. - The company reported a net profit of RMB 76,032,654.96 for the first half of 2016, with a total distributable profit of RMB 1,007,055,202.23 after adding the beginning retained earnings[58]. - Net profit for the first half of 2016 reached CNY 76,032,654.96, down from CNY 294,508,767.05, representing a decline of 74.16% year-over-year[107]. - Operating profit decreased to CNY 45,185,264.35 from CNY 300,476,393.68, a drop of 85.03% compared to the previous year[107]. Revenue and Costs - The company reported a revenue of RMB 6.06 billion for the first half of 2016, a decrease of 42.42% compared to RMB 10.52 billion in the same period last year[22]. - Total operating revenue for the first half of 2016 was CNY 6,055,814,343.37, a decrease of 42.5% compared to CNY 10,517,801,616.10 in the same period last year[104]. - Total operating costs for the first half of 2016 were CNY 6,050,757,211.11, down 42.5% from CNY 10,454,384,614.69 year-on-year[104]. - The company's revenue from non-ferrous metal mining and smelting was approximately 2.57 billion RMB, with a gross margin of 31.93%, reflecting a year-over-year decrease of 15.35%[33]. - The revenue from non-metallic mining was about 55 million RMB, with a gross margin of 61.98%, showing a year-over-year increase of 41.03%[33]. - Zinc product revenue was approximately 3.25 billion RMB, with a gross margin of 15.09%, which decreased by 3.48 percentage points compared to the previous year[33]. Assets and Liabilities - The company's total assets increased by 2.36% to RMB 34.28 billion from RMB 33.49 billion at the end of the previous year[22]. - The company’s total liabilities as of June 30, 2016, were RMB 2,722,835,322.88, indicating a debt-to-asset ratio of approximately 76%[55]. - Total liabilities decreased to CNY 21.14 billion from CNY 22.33 billion, a reduction of about 5.35%[99]. - The equity attributable to shareholders increased to CNY 10.71 billion from CNY 6.88 billion, marking a significant rise of approximately 55.5%[99]. - The company’s total equity increased by CNY 4,530,313,041.50 due to shareholder contributions during the current period[118]. Cash Flow - The net cash flow from operating activities was RMB 596 million, a decrease of 32.56% from RMB 883.70 million in the previous year[25]. - Cash flow from operating activities was CNY 596,004,166.81, down 32.5% from CNY 883,700,891.55 in the same period last year[109]. - Cash flow from investing activities showed a net outflow of CNY 1,112,111,383.31, compared to a net outflow of CNY 813,143,929.32 in the previous year[110]. - Cash inflow from financing activities totaled RMB 5,505,903,023.81, compared to RMB 4,252,720,016.80 in the previous period, marking an increase of 29.4%[113]. Shareholder Information - The company plans to distribute a cash dividend of RMB 1 per 10 shares, totaling RMB 215,494,909.3, and to increase its share capital by 100% through a bonus issue of shares[2]. - The company has not conducted profit distribution for the fiscal year 2015, maintaining a consistent dividend policy for shareholders[56]. - The company plans to distribute at least 10% of the annual distributable profit in cash each year, with a cumulative distribution of at least 30% of the average annual distributable profit over the next three years[69]. - The company issued a total of 487,388,203 new shares, increasing the total number of shares from 1,667,560,890 to 2,154,949,093[77]. Investments and Acquisitions - The company completed the acquisition of a 49% stake in Rongda Mining, raising a total of RMB 2.58 billion in supporting funds through a private placement[24]. - The company has committed RMB 261,743.66 million for the acquisition of a 49% stake in Rongda Mining, which has been completed[50]. - The total investment for the Hulunbuir Chihong 200,000-ton lead-zinc smelting project is RMB 4,821,790,000, currently in trial production[57]. Compliance and Governance - The company received a standard unqualified audit report from Ruihua Certified Public Accountants[4]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[5]. - The company has not reported any overdue principal or interest from its entrusted financial management activities[43]. - The company held 2 shareholder meetings and 7 board meetings during the reporting period, adhering strictly to legal and regulatory requirements[70]. Risk Management - The report includes a risk statement regarding forward-looking statements, cautioning investors about potential risks[3]. - The company has implemented a "sunshine purchase and sales" mechanism to reduce procurement costs and expand sales channels[24]. Research and Development - Research and development expenses decreased by 30.04% to RMB 13.62 million compared to RMB 19.47 million in the same period last year[25]. - The company aims to expand production capacity and enhance profitability through the development of mining facilities in various regions, including Yunnan and Inner Mongolia[36].