Financial Performance - The company's operating revenue for 2021 was ¥45,236,733,111.23, an increase of 15.29% compared to ¥39,236,191,435.28 in 2020[28]. - The net profit attributable to shareholders of the listed company reached ¥1,031,454,101.89, a significant increase of 1,645.62% from ¥59,088,000.35 in 2020[28]. - The net cash flow from operating activities was ¥1,734,502,665.29, reflecting a 64.95% increase from ¥1,051,537,026.64 in the previous year[28]. - Basic earnings per share for 2021 were ¥0.3833, up 1,403.14% from ¥0.0255 in 2020[32]. - The total assets at the end of 2021 were ¥27,345,762,505.34, representing a 17.70% increase from ¥23,233,332,947.55 at the end of 2020[31]. - The weighted average return on equity increased to 9.14%, up by 8.50 percentage points from 0.64% in 2020[32]. - The company achieved an operating income of RMB 45.237 billion in 2021, with a net profit attributable to shareholders of RMB 1.031 billion, representing a year-on-year growth of 1,645.62%[47]. - The revenue from the metal smelting and deep processing business was RMB 14.120 billion, up 115.54% year-on-year, with a gross profit of RMB 3.903 billion, an increase of 226.83%[48]. - The company’s trading revenue from non-ferrous metals decreased by 5.35% year-on-year to RMB 30.439 billion, while gross profit increased by 60.78%[50]. Corporate Governance - The company received a standard unqualified audit report from Xinyong Zhonghe Accounting Firm[5]. - The company has confirmed that all directors attended the board meeting, ensuring collective responsibility for the report's content[5]. - The company has established a mechanism to prevent the controlling shareholder from occupying company funds and assets[156]. - The company emphasizes safety and environmental standards, adhering to a zero-tolerance policy for accidents[152]. - The company is committed to strengthening its R&D capabilities in energy metal materials to align with its business expansion[146]. - The company approved the proposal for the public issuance of A-shares, complying with relevant laws and regulations[166]. - The company has appointed independent directors and established various specialized committees, including the audit committee and the nomination committee[198]. Investment and Expansion Plans - The company plans to invest 619.33 million RMB in a new energy materials project in Guizhou, with a construction investment of 521.23 million RMB and a loan interest of 22.53 million RMB during the construction period[124]. - The projected annual revenue for the new project is 15.34 billion RMB, with an estimated annual net profit of 1.32 billion RMB upon reaching full production[127]. - The company plans to conduct foreign exchange hedging business and commodity derivatives trading in 2021[191]. - The company is currently preparing for the construction of the nickel project, with all activities progressing steadily[128]. - The company plans to continue investing in the nickel metal high ice nickel project with an annual production of 40,000 tons in the Weda Bay Industrial Park in Indonesia[36]. - The company is focusing on deepening strategic partnerships with leading firms in the energy metal and battery material sectors to enhance market competitiveness[146]. Risk Management - The company emphasizes the importance of investor awareness regarding investment risks associated with forward-looking statements[7]. - The company is facing risks related to overseas operations, including cultural differences and legal system disparities, particularly in Congo and Indonesia[151]. - The company will implement hedging strategies in the futures market to mitigate risks from metal price fluctuations[151]. Research and Development - Research and development expenses increased by 27.12% to CNY 49.73 million, reflecting the company's commitment to innovation[65]. - The total R&D investment was ¥49,730,145.35, accounting for 0.11% of operating revenue[98]. - The company is focused on expanding its market presence and exploring new technologies to drive growth[176]. - There are ongoing efforts in product development aimed at improving operational efficiency and customer satisfaction[176]. Shareholder Engagement - The company actively engages with investors through various communication channels to enhance understanding and recognition[160]. - The company held six temporary shareholder meetings in 2021, addressing various proposals including changes in accounting firms and related party transactions[165]. - The company’s annual report for 2021 was approved, including the profit distribution plan[166]. Operational Efficiency - The company has implemented strategies to enhance management and ensure operational stability amid the pandemic, including inventory control and collaboration with local companies[52]. - The company’s cash and cash equivalents increased due to a net cash flow from operating activities of 2,185,811,361.40, representing a 61.10% increase compared to the previous year[106]. - The total accounts receivable rose to 1,691,275,842.46, marking a 112.66% increase year-over-year, primarily due to increased sales[106]. - Inventory increased to 5,417,361,267.03, a 55.73% rise, attributed to higher metal prices and increased production materials[106].

证券代码：600711 证券简称：盛屯矿业 公告编号：2022-038 盛屯矿业集团股份有限公司 关于接待投资者调研情况的公告 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。 一、投资者调研情况 盛屯矿业集团股份有限公司（以下简称"盛屯矿业"或"公司"）于近期和 市场投资者进行了电话调研交流活动，公司总裁、董事会秘书积极参与了投资者 调研会议并对投资者提出的问题进行了回复。 二、调研主要问题及回复情况 问题 1、公司下属企业 2021 年生产经营情况如何？ 回复：2021 年度公司刚果（金）板块产铜量约 3.6 万吨、钴约 7,500 吨；友 山镍业产镍量约 3.9 万吨；珠海科立鑫产钴量约 2,600 吨；四环锌锗产锌量约为 24 万吨。同比去年，从产能产量角度看，铜钴镍板块大幅提升，锌板块小幅上 涨，业绩表现核心集中在海外项目。 问题 2、公司在刚果金的 CCM 项目和卡隆威项目进展情况如何？卡隆威项目 预计在今年年末投产，从目前建设进度来看是否会延后？随着这两个项目的落 地，公司铜钴业务产能扩张的指引情况？ 回复： ...

Financial Performance - The company's operating revenue for Q3 2021 was ¥14,237,043,758.72, representing a year-on-year increase of 32.91%[7] - Net profit attributable to shareholders for Q3 2021 reached ¥780,595,801.93, a significant increase of 245.40% compared to the same period last year[7] - The basic earnings per share for Q3 2021 was ¥0.287, reflecting a 192.86% increase year-on-year[10] - The net profit attributable to shareholders after deducting non-recurring gains and losses for the year-to-date was ¥931,269,106.27, up 226.44% year-on-year[7] - Total revenue for the first three quarters of 2021 reached ¥37,375,076,708.85, an increase of 13.3% compared to ¥32,861,094,981.14 in the same period of 2020[41] - The total profit for the current period was CNY 2,749,625,059.46, compared to CNY 336,263,659.64 in the previous period, marking a growth of over 717%[42] - The company reported a total comprehensive income of CNY 2,536,575,741.98, compared to CNY 356,973,679.75 in the previous period, indicating a significant increase[46] Assets and Liabilities - The total assets at the end of the reporting period were ¥27,726,490,800.66, an increase of 19.34% compared to the end of the previous year[10] - Current assets increased to ¥14,819,651,799.00 as of September 30, 2021, compared to ¥10,780,553,877.06 at the end of 2020, marking a growth of 37.9%[34] - Total assets reached ¥27,726,490,800.66, up from ¥23,233,332,947.55, reflecting an increase of 19.5%[39] - Total liabilities increased to ¥13,915,400,757.89 from ¥12,024,485,913.98, which is a rise of 15.7%[39] - Shareholders' equity rose to ¥13,811,090,042.77, compared to ¥11,208,847,033.57, showing an increase of 23.3%[39] - The company reported a decrease in short-term borrowings to ¥2,772,596,833.67 from ¥2,918,103,910.51, a decline of 5.0%[37] Cash Flow - The cash flow from operating activities for the year-to-date was reported at ¥231.32 million, indicating strong operational performance[12] - The cash flow from operating activities generated a net amount of CNY 1,394,855,218.19, a substantial increase from CNY 421,003,783.87 in the previous year, reflecting a growth of over 230%[48] - The net cash flow from investing activities was -1,414,787,142.33, a decrease from -2,374,456,762.28 in the previous period, indicating improved cash management[51] - Total cash and cash equivalents at the end of the period reached 959,402,663.27, up from 627,594,317.41, reflecting a net increase of 360,616,287.66[51] Investments and Projects - The company reported a significant increase in demand for new energy battery metals, contributing to improved economic benefits from nickel, cobalt, and copper projects[12] - The company has seen a notable increase in profits from its zinc and germanium smelting projects, further enhancing overall profitability[12] - The company plans to continue expanding its market presence and enhancing operational efficiency through ongoing projects and investments in new technologies[12] Stock and Incentive Plans - The company granted 29 million restricted stock units to 251 eligible participants at a price of RMB 3.88 per share[28] - The initial grant price for the restricted stock plan was adjusted from RMB 3.88 to RMB 3.87 per share due to the implementation of the 2020 annual profit distribution plan[28] - The company’s stock incentive plan is part of its strategy to enhance employee motivation and align interests with shareholders[25] - The company’s independent board approved the incentive plan, and legal and financial advisors provided necessary opinions and reports[25] - The company’s stock incentive plan was publicly disclosed and underwent a verification process by the supervisory board[25] Research and Development - Research and development expenses were CNY 29,459,861.18, slightly decreased from CNY 31,592,562.08 in the previous period, showing a reduction of about 7%[42]

证券代码：600711 证券简称：盛屯矿业 公告编号：2021-128 盛屯矿业集团股份有限公司 关于参加 2021 年度厦门辖区上市公司 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。 重要内容提示： 活动时间：2021 年 9 月 7 日（星期二）15:00-17:00 活动方式：网络远程互动 活动地点：全景网投资者关系互动平台（http://ir.p5w.net） 为进一步加强与投资者的交流，便于广大投资者更加全面深入地了解盛屯矿 业集团股份有限公司（以下简称"公司"）的情况，公司定于 2021 年 9 月 7 日 （星期二）15:00-17:00 参加由厦门证监局指导、厦门上市公司协会与深圳市全 景网络有限公司联合举办的"2021 年度厦门辖区上市公司投资者网上集体接待 日"活动，现将有关事项公告如下： 一、活动召开的时间、地点 活动时间：2021 年 9 月 7 日（星期二）15:00-17:00。 活动地点及方式：在全景网投资者关系互动平台（http://ir.p5w.net） ...

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%[18]. - Net profit attributable to shareholders reached 300 million RMB, up 20% compared to the same period last year[18]. - The company's operating revenue for the first half of the year reached ¥23.14 billion, an increase of 4.46% compared to ¥22.15 billion in the same period last year[23]. - Net profit attributable to shareholders was ¥713.34 million, a significant increase of 1,812.96% from ¥37.29 million year-on-year[23]. - The net profit after deducting non-recurring gains and losses was ¥669.90 million, up 2,193.03% from ¥29.21 million in the previous year[23]. - The company reported a total revenue of 568,483.68 million CNY for the first half of 2021, with a significant increase in sales from the previous period[58]. - The company achieved a net profit of 200,231.34 million CNY, reflecting a strong performance in its core business segments[58]. - In the first half of 2021, the company achieved a record revenue of 23.14 billion RMB, with a net profit of 713 million RMB, marking a year-on-year increase of 1812.96%[37]. Asset and Investment Growth - The company’s total assets increased to 5 billion RMB, reflecting a growth of 10% from the end of 2020[18]. - The total assets at the end of the reporting period were ¥25.58 billion, reflecting a 10.10% increase from ¥23.23 billion at the end of the previous year[23]. - The company's net assets attributable to shareholders increased by 7.63% to ¥11.49 billion from ¥10.68 billion year-on-year[23]. - The company has raised a total of 7.5 billion RMB since 2018 for strategic acquisitions and projects, including the CCR copper-cobalt project in Congo and the nickel project in Indonesia[37]. - The company’s overseas assets amounted to 8,117,362,039.97, accounting for 31.73% of total assets[50]. Market Expansion and Product Development - The company plans to expand its market presence in Southeast Asia, targeting a 30% market share by 2023[18]. - New product development includes the launch of a high-grade mineral product line, expected to contribute an additional 200 million RMB in revenue annually[18]. - The company plans to expand its production capacity to support the growing demand in the new energy vehicle sector, with a current capacity of 40,000 tons per year for nickel and 8,000 tons for cobalt[35]. - The company plans to achieve an annual production capacity of 120,000 tons of copper, 45,000 tons of nickel, 16,000 tons of cobalt, and 300,000 tons of zinc over the next three years[37]. Research and Development - The company has allocated 100 million RMB for research and development in new technologies for mineral extraction[18]. - The company is actively involved in the research and development of zinc-germanium technology, aiming to innovate in new energy materials and electronic materials[58]. - The company is investing in the construction of a new research center for energy metal materials to strengthen its R&D capabilities, focusing on high-nickel and battery-grade nickel sulfate[40]. Environmental Compliance and Sustainability - The company has committed to maintaining high safety and environmental standards in its operations, aligning with national regulations[64]. - The company reported zero discharge of wastewater and no exceeding of pollutant discharge standards in its mining operations[104]. - The company has implemented a comprehensive treatment facility for domestic wastewater, ensuring no external discharge[104]. - The company is focused on reducing air pollutants, with specific measures in place to monitor and control emissions[107]. - The company has implemented measures to reduce carbon emissions by replacing coal-fired boilers with electric or gas boilers[144]. - The company has established facilities for real-time monitoring of emissions, ensuring compliance with environmental standards[143]. Corporate Governance and Compliance - The company has no significant litigation or arbitration matters during the reporting period, indicating a stable legal environment[196]. - The company’s major shareholder, Shenzhen Shengtun Group, has a good integrity status during the reporting period[196]. - The company has committed to ensuring that related party transactions do not affect its operational independence and performance stability[190]. - The company will adhere to legal procedures and disclosure obligations for any related party transactions that cannot be avoided[165]. Social Responsibility - The company invested a total of 2.8929 million yuan in poverty alleviation efforts in the first half of 2021[145]. - The company plans to continue its commitment to social responsibility and sustainable development in line with its core values[145].

Dividend and Profit Distribution - The board of directors proposed a cash dividend of 0.1 yuan per 10 shares for the year 2020, subject to approval at the annual general meeting [5]. - The total share capital will be used as the basis for the dividend distribution, with adjustments if there are changes before the record date [5]. - The company reported a cash dividend of 26,394,918.26 RMB for 2020, which is 44.67% of the net profit attributable to ordinary shareholders [127]. Financial Performance - The company’s operating revenue for 2020 was approximately CNY 39.24 billion, an increase of 9.28% compared to CNY 35.90 billion in 2019 [23]. - The net profit attributable to shareholders for 2020 was CNY 59.09 million, a decrease of 80.29% from CNY 299.76 million in 2019 [23]. - The basic earnings per share for 2020 were CNY 0.026, down 81.25% from CNY 0.136 in 2019 [26]. - The company reported a total revenue of 297,601.64 million for the year 2020, with a net profit of 20,646.23 million, reflecting a growth of 1,414.72 million compared to the previous year [108]. - The company achieved a revenue of 31,569.35 million from the sales of black and non-ferrous metal products, with a significant increase in net profit by 88,494.25 million [103]. - The company reported a revenue of 106,768.82 million from various services, with a notable increase in net profit of 544,805.18 million [105]. Cash Flow and Financial Position - The net cash flow from operating activities increased by 52.46% to CNY 1.05 billion in 2020, compared to CNY 689.70 million in 2019 [23]. - The company’s cash flow from operating activities was 1.052 billion RMB, an increase of 52.46% year-on-year [57]. - The company reported a decrease in sales expenses by ¥135.24 million, attributed to the new revenue recognition standards [68]. - Net cash flow from investing activities decreased by ¥1.611 billion primarily due to significant investment in the Indonesia project [72]. - Net cash flow from financing activities increased by ¥1.459 billion mainly from the issuance of convertible bonds and increased bank financing [72]. Assets and Liabilities - The total assets of the company at the end of 2020 were CNY 23.23 billion, an increase of 18.60% from CNY 19.59 billion at the end of 2019 [26]. - The net assets attributable to shareholders at the end of 2020 were CNY 10.68 billion, up 18.86% from CNY 8.99 billion at the end of 2019 [26]. - The company’s total assets include approximately 6.28 billion RMB in overseas assets, accounting for 27.02% of total assets [44]. - The total cost of raw materials was ¥4.38 billion, representing 81.68% of total costs, with a year-over-year increase of 29.64% [64]. Production and Capacity - The company has a designed production capacity of 30,000 tons of cathode copper and 3,500 tons of cobalt hydroxide in the Democratic Republic of Congo, with ongoing construction for these projects [39]. - The company’s nickel production reached 4,318.72 tons, with the Indonesian subsidiary YouShan Nickel achieving a production capacity of 34,000 tons of nickel [52]. - The company plans to produce 30,028 tons of cathode copper and 3,556.4 tons of crude cobalt hydroxide annually from the Kalongwe project [96]. - The company is currently constructing projects for an annual output of 30,028 tons of cathode copper and 3,556.4 tons of crude cobalt hydroxide [49]. Market and Industry Position - The company emphasizes the importance of accurate financial reporting and accountability from its management team [4]. - The company plans to continue expanding its market presence and invest in new technologies to enhance operational efficiency [21]. - The global sales of new energy vehicles reached 3.14 million units in 2020, with China accounting for 1.367 million units, driving demand for cobalt and nickel resources [42]. - The company’s focus on the new energy resource sector positions it for significant growth and competitiveness in the industry [45]. Risks and Compliance - The company has detailed descriptions of industry and market risks in the report, highlighting potential challenges for future development [7]. - The report includes a forward-looking statement risk declaration, cautioning investors about potential investment risks [6]. - The company faces risks related to metal price fluctuations, overseas operations, foreign exchange, and safety and environmental standards [120]. - The company emphasizes the importance of safety and environmental standards in its operations, adhering to a zero-tolerance policy for accidents [122]. Strategic Investments and Acquisitions - The company completed the acquisition of the Kalongwei copper-cobalt mine, with a resource volume of 13.46 million tons, containing 302,000 tons of copper and 42,700 tons of cobalt [49]. - The company is enhancing its overseas business scale and profitability through strategic investments and acquisitions, particularly in the copper and cobalt sectors [90]. - The company has completed the acquisition of Nzuri Copper Limited for a total transaction amount not exceeding 114,026,497.14 AUD, making it a wholly-owned subsidiary [91]. - The company is actively seeking acquisition opportunities for high-quality nickel projects in Indonesia [118]. Commitments and Governance - The company has committed to maintaining its actual control over the listed company for a period of 60 months following the completion of the transaction [144]. - The company will ensure complete separation in personnel, assets, business, organization, and finance from the listed company to protect the interests of other shareholders [141]. - The company will notify the listed company of any competitive business opportunities obtained from third parties [138]. - The company has pledged to avoid any direct or indirect competition with its main business activities as of the date of the commitment letter [132].

Financial Performance - Net profit attributable to shareholders reached CNY 416,769,959.43, a significant recovery from a loss of CNY 29,566,518.98 in the same period last year[12] - Operating revenue grew by 29.17% to CNY 11,495,405,716.47, compared to CNY 8,899,200,119.36 in the previous year[12] - Net cash flow from operating activities was CNY 916,300,221.70, a turnaround from a negative cash flow of CNY -376,979,755.83 in the same period last year[12] - Basic and diluted earnings per share improved to CNY 0.157, recovering from a loss of CNY -0.013 in the previous year[12] - Net profit increased by approximately ¥829.51 million year-on-year, with net profit attributable to shareholders of the parent company increasing by approximately ¥446.34 million, primarily due to profit growth from overseas and domestic companies[23] - Operating cash flow net amount increased by approximately ¥1.29328 billion year-on-year, driven by increased sales cash inflows from overseas and domestic companies[23] - Net profit for Q1 2021 was ¥819,875,872.85, a significant recovery from a net loss of ¥9,629,888.34 in Q1 2020[47] - Earnings per share for Q1 2021 were ¥0.157, compared to a loss of ¥0.013 per share in Q1 2020[47] - Total comprehensive income for Q1 2021 amounted to ¥14,579,002.40, compared to a total comprehensive loss of -¥26,007,457.03 in Q1 2020[53] Assets and Liabilities - Total assets increased by 6.24% to CNY 24,683,222,444.00 compared to the end of the previous year[12] - Total current assets as of March 31, 2021, amounted to approximately ¥12.22 billion, an increase from ¥10.78 billion at the end of 2020[30] - Total liabilities decreased by approximately ¥299.75 million year-on-year, primarily due to the previous issuance of convertible bonds[23] - The company's total liabilities reached CNY 12.48 billion, up from CNY 12.02 billion, representing an increase of about 3.84%[35] - Current liabilities rose to CNY 10.35 billion, compared to CNY 9.70 billion, reflecting an increase of about 6.68%[33] - Total liabilities increased to ¥5,654,102,135.82 in 2021 from ¥5,313,426,211.11 in 2020, marking a 6.4% rise[41] - Total liabilities amounted to approximately ¥12.02 billion, with current liabilities totaling ¥9.70 billion and non-current liabilities at ¥2.32 billion[65] Shareholder Information - The total number of shareholders reached 170,041 by the end of the reporting period[17] - The largest shareholder, Shenzhen Shengtun Group Co., Ltd., holds 19.76% of the shares, with 528,552,794 shares[17] - The total equity attributable to shareholders reached approximately ¥10.68 billion, with total equity amounting to ¥11.21 billion[65] Cash Flow - Cash and cash equivalents increased by approximately ¥755.98 million compared to the beginning of the year, mainly due to increased cash inflows from sales by overseas companies such as Youshan Nickel Industry Indonesia Co., Ltd. and domestic companies[21] - The total cash outflow from operating activities was ¥12,831,299,615.65 in Q1 2021, compared to ¥11,505,061,002.64 in Q1 2020[56] - The company reported a net cash outflow from investing activities of ¥247,004,633.97 in Q1 2021, compared to a net outflow of ¥28,824,147.00 in Q1 2020[60] - Cash and cash equivalents at the end of Q1 2021 amounted to ¥1,247,046,188.58, down from ¥1,474,461,339.53 at the end of Q1 2020[58] Research and Development - Research and development expenses increased by approximately ¥5.73 million year-on-year, reflecting increased investment in R&D activities[23] - Research and development expenses for Q1 2021 were ¥11,423,726.97, up from ¥5,691,060.67 in Q1 2020, representing a 100.5% increase[45] Other Financial Information - The company reported a non-recurring loss of CNY -13,259,624.20 from financial assets and liabilities[14] - The company has not disclosed any new product developments or market expansion strategies in this report[12] - The company incurred financial expenses of ¥24,281,654.38 in Q1 2021, up from ¥15,387,101.62 in Q1 2020[51] - The company reported a significant decrease in interest expenses, down to ¥49,896,643.52 from ¥55,641,671.97 in Q1 2020[45] - The company reported a retained earnings balance of approximately ¥1.55 billion, indicating strong profitability retention[65]

Financial Performance - Operating revenue for the first nine months rose by 41.05% to CNY 32,876,271,678.15 year-on-year[17] - Net profit attributable to shareholders increased by 52.59% to CNY 269,854,359.75 compared to the same period last year[17] - The net profit after deducting non-recurring gains and losses surged by 346.60% to CNY 291,841,336.86 year-on-year[17] - Basic earnings per share rose by 44.44% to CNY 0.117 per share compared to the same period last year[17] - Total revenue for Q3 2020 reached ¥10,711,623,956.65, an increase of 16.4% compared to ¥9,197,870,572.18 in Q3 2019[51] - Net profit for Q3 2020 was ¥83,482,187.04, compared to a net loss of ¥71,531,002.46 in Q3 2019, indicating a significant turnaround[67] - The company reported a total comprehensive income of ¥278,936,297.18 for Q3 2020, compared to ¥104,944,575.56 in Q3 2019, marking an increase of 165.5%[62] Assets and Liabilities - Total assets increased by 24.97% to CNY 23,738,502,604.32 compared to the end of the previous year[17] - The company's total assets amounted to ¥23.74 billion, compared to ¥18.99 billion in the previous year, indicating an overall increase of around 25.5%[42] - Total liabilities increased to ¥13.73 billion from ¥9.82 billion, which is an increase of approximately 39.5% year-over-year[42] - The total assets increased to ¥16,376,057,268.99 from ¥13,871,613,161.37, marking a growth of 17.9%[47] - The total liabilities rose to ¥6,764,435,982.15 from ¥4,483,304,435.36, an increase of 50.9%[47] - The company's total equity attributable to shareholders rose to ¥9.51 billion, up from ¥9.02 billion, reflecting an increase of about 5.4%[42] Cash Flow - The net cash flow from operating activities decreased by 38.49% to CNY 421,003,783.87 year-on-year[17] - The company’s cash flow from operating activities decreased by approximately ¥263.41 million, reflecting increased procurement payments[30] - The total cash inflow from operating activities for the first three quarters of 2020 was approximately ¥38.41 billion, an increase from ¥28.32 billion in the same period of 2019, representing a growth of about 35.5%[73] - The net cash flow from operating activities for the first three quarters of 2020 was ¥421 million, a decrease from ¥684 million in the same period of 2019, indicating a decline of approximately 38.5%[73] - The cash inflow from financing activities for the first three quarters of 2020 was approximately ¥6.07 billion, an increase from ¥3.25 billion in the same period of 2019, representing a growth of about 86.5%[76] Investments - The company invested in a nickel project in Indonesia with an annual production capacity of 34,000 tons, which commenced production on September 5, 2020[31] - The company’s investment activities generated a net cash outflow of approximately ¥1.16 billion, mainly due to investments in the nickel project[30] - The company received $2.37 billion from investment contributions, up from $811.50 million in the previous year[80] Shareholder Information - The total number of shareholders reached 99,101 by the end of the reporting period[21] - The largest shareholder, Shenzhen Shengtun Group Co., Ltd., held 22.84% of the shares, with 528,552,794 shares[21] Financial Expenses - The company’s financial expenses increased by approximately ¥116.15 million, mainly due to exchange losses and increased financing costs[30] - Financial expenses for Q3 2020 were ¥102,398,469.90, significantly higher than ¥35,693,624.76 in Q3 2019, indicating increased borrowing costs[65]

Financial Performance - The company reported a significant increase in revenue for the first half of 2020, with total revenue reaching 1.2 billion RMB, representing a 15% year-over-year growth[19]. - The net profit for the first half of 2020 was 200 million RMB, which is a 10% increase compared to the same period last year[19]. - The company's operating revenue for the first half of the year reached ¥22,164,647,721.50, representing a 57.09% increase compared to ¥14,109,695,538.65 in the same period last year[24]. - Net profit attributable to shareholders decreased by 31.52% to ¥43,853,772.72 from ¥64,039,976.46 year-on-year[24]. - The net cash flow from operating activities was negative at -¥488,484,389.50, a decline of 554.98% compared to ¥107,364,419.26 in the previous year[24]. - The company reported a gross profit of RMB 1.54 billion from its metal trading and services segment during the reporting period[46]. - The cash flow from operating activities showed a net outflow of RMB 488 million, a significant decrease compared to the previous year[49]. User Growth and Market Expansion - User data indicates a growth in active users by 25%, reaching a total of 500,000 active users[19]. - The company has outlined its future outlook, projecting a revenue growth of 20% for the second half of 2020, driven by increased market demand[19]. - The company is planning to expand its market presence in Southeast Asia, targeting a 15% market share by the end of 2021[19]. Mergers and Acquisitions - There are ongoing discussions regarding potential mergers and acquisitions to strengthen the company's resource base and market position[19]. - The company completed the acquisition of the Karongwe copper-cobalt mine in the Democratic Republic of Congo, which has a copper reserve of 302,000 tons and cobalt reserve of 42,700 tons[31]. - The company completed the acquisition of the Enzuri project, which has proven resources of 1.346 million tons of ore, with copper and cobalt metal amounts of 302,000 tons and 42,700 tons, respectively[44]. - The company completed the acquisition of 100% equity in Enzuri Copper Mine Co., enhancing control over upstream resources[58]. Investment and Production Capacity - The company plans to invest in a project in the Democratic Republic of Congo to produce 30,000 tons of copper and 5,800 tons of crude cobalt hydroxide annually[32]. - The cobalt production capacity in the Democratic Republic of Congo (DRC) reached 30,000 tons of copper and 3,500 tons of cobalt during the reporting period[39]. - The nickel project in Indonesia is expected to produce 34,000 tons of nickel metal annually and is currently in the installation and debugging phase[39]. - The company’s zinc production capacity is 220,000 tons per year, with a stable production of 113,100 tons of zinc ingots in the first half of 2020[46]. Financial Strategies and Risk Management - The company has implemented new strategies to optimize operational efficiency, aiming for a 5% reduction in operational costs by the end of 2020[19]. - The company emphasizes the importance of risk management in its forward-looking statements, advising investors to be cautious[19]. - The company plans to mitigate risks from metal price fluctuations by using futures market hedging strategies to stabilize profits[71]. - The company is facing foreign exchange risks due to its overseas operations, but it has a professional international business team to manage these risks effectively[71]. Environmental Compliance - The company emphasizes safety and environmental standards in its operations, adhering to a zero-tolerance policy for accidents[71]. - All subsidiaries have achieved standardized management and stable compliance in wastewater, waste gas, and noise emissions, with hazardous waste disposed of according to national standards[150]. - The company has reported no exceedances in pollutant emissions during the reporting period[154]. - The company is focused on maintaining compliance with environmental standards while optimizing its production processes[164]. - The company is actively working on strategies to enhance its environmental compliance and reduce emissions across its operations[182]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 100,079[197]. - The largest shareholder, Shenzhen Shengtun Group Co., Ltd., holds 528,552,794 shares, accounting for 22.90% of total shares[199]. - The top ten shareholders collectively hold a significant portion of the company's shares, indicating concentrated ownership[199]. - The company has a diverse shareholder base, including both natural persons and institutional investors[199]. Commitments and Legal Compliance - The company has committed to avoiding any direct or indirect competition with its controlled enterprises, with a long-term commitment made on March 22, 2018[79]. - The company will strictly avoid related party transactions and ensure fair and lawful agreements are signed, with a long-term commitment made on March 22, 2018[81]. - The company will maintain complete separation in personnel, assets, business, organization, and finance from the listed company, ensuring no harm to other shareholders' interests, with a long-term commitment made on March 22, 2018[84]. - The company has established a long-term commitment to uphold legal and regulatory requirements in all transactions[102].

Financial Performance - Operating revenue rose by 28.86% to CNY 8.91 billion from CNY 6.92 billion in the same period last year[18] - Net profit attributable to shareholders decreased by 156.07% to a loss of CNY 23.00 million, compared to a profit of CNY 41.02 million in the previous year[18] - Basic earnings per share dropped by 150.00% to CNY -0.010 from CNY 0.020 in the previous year[20] - The weighted average return on net assets decreased by 0.767 percentage points to -0.255%[20] - Net profit for Q1 2020 was a loss of approximately ¥3.07 million, contrasting with a net profit of ¥50.95 million in Q1 2019, marking a decline of over 106%[56] - The total comprehensive income for Q1 2020 was a loss of approximately ¥26.76 million, compared to a gain of ¥35.06 million in Q1 2019, indicating a decline of over 176%[56] - The operating profit for Q1 2020 was a loss of approximately ¥33.29 million, compared to a profit of ¥59.05 million in Q1 2019, marking a decline of over 156%[54] Cash Flow - Net cash flow from operating activities was negative at CNY -376.98 million, compared to CNY -189.25 million in the same period last year[18] - The total cash inflow from operating activities for Q1 2020 was CNY 11,128,081,246.81, an increase of 26.8% compared to CNY 8,809,060,723.08 in Q1 2019[62] - The net cash outflow from operating activities was CNY -376,979,755.83, worsening from CNY -189,252,808.20 in the same period last year[65] - The cash inflow from financing activities totaled CNY 3,918,274,838.92, up from CNY 1,223,736,977.38 in the previous year[65] - The net cash flow from financing activities was CNY 2,961,382,472.97, a substantial increase from CNY 200,589,925.46 in Q1 2019[65] - The net increase in cash and cash equivalents was CNY 1,001,214,762.88, compared to a decrease of CNY -198,704,601.55 in Q1 2019[67] Assets and Liabilities - Total assets increased by 25.47% to CNY 23.83 billion compared to the end of the previous year[18] - The company's total liabilities reached ¥10,786,198,080.84, compared to ¥8,582,811,357.53 in the previous year[42] - Total liabilities increased to ¥14,153,513,790.77, up from ¥9,823,601,217.39, representing a growth of approximately 43%[44] - The company's total accounts payable increased by approximately RMB 97.78 million compared to the beginning of the year, mainly due to new payables from the acquisition of Enzuri Copper Mine[27] - The company's non-current liabilities surged to ¥2,230,451,682.24 from ¥129,123,417.43, marking an increase of over 1,600%[50] Shareholder Information - The total number of shareholders at the end of the reporting period was 111,803[22] - The largest shareholder, Shenzhen Shengtun Group Co., Ltd., held 18.46% of shares, totaling 425,982,794 shares[22] Investments and Acquisitions - The company completed the acquisition of 100% equity in Enzuri Copper Mine, which is expected to enhance the company's strategic resource reserves and profitability[31] - The company invested $5,500,000 to increase its stake in Huawai Nickel Industry to 55%[35] - The total investment for the high nickel project in Indonesia is $406,790,000, with the company's investment amounting to $145,427,425, equivalent to approximately ¥1,023,809,072[35] Operating Costs and Expenses - The company's operating costs increased by approximately RMB 205.26 million compared to the same period last year, primarily due to revenue growth[30] - The company reported a significant increase in sales expenses, which rose to approximately ¥37.68 million in Q1 2020 from ¥24.96 million in Q1 2019, an increase of about 50.9%[54] - Research and development expenses for Q1 2020 were approximately ¥5.69 million, slightly up from ¥5.29 million in Q1 2019, reflecting a growth of about 7.7%[54] Other Financial Metrics - The company reported non-operating income of CNY 21.43 million, primarily from government subsidies[21] - The company's goodwill increased by approximately RMB 35.85 million, primarily due to the addition of goodwill from the acquisition of Enzuri Copper Mine[27] - The company's cash and cash equivalents increased by approximately RMB 139.32 million compared to the beginning of the year, mainly due to cash received from the issuance of convertible bonds[27]