山东玉龙黄金股份有限公司独立董事 关于第六届董事会第九次会议相关事项的独立意见 山东玉龙黄金股份有限公司（以下简称"公司"）于2023年9月7日以现场结合 通讯表决方式召开了公司第六届董事会第九次会议。根据《上市公司独立董事规则》、 《上海证券交易所股票上市规则》及《山东玉龙黄金股份有限公司章程》、《山东 玉龙黄金股份有限公司独立董事制度》等相关规定，我们作为公司的独立董事，经 认真审阅相关会议资料及充分分析讨论，就回购公司股份事项发表独立意见如下： 1、公司本次回购股份符合《公司法》、《证券法》以及《上海证券交易所上市公 司自律监管指引第 7 号——回购股份》等法律法规、规范性文件以及《公司章程》 等有关规定，董事会会议表决程序符合相关法律、法规和《公司章程》的相关规定。 2、公司本次回购股份将用于员工持股计划或股权激励，有利于建立完善公司长 效激励机制，充分调动公司员工的积极性，有利于促进公司健康可持续发展。公司 本次回购股份具有必要性和合理性，不存在损害公司及全体股东，特别是中小股东 利益的情形。 3、本次回购资金来源为公司自有资金，不会对公司的经营、财务和未来发展产 生重大影响，公司有能力支付回购价款 ...

山东玉龙黄金股份有限公司 关于证券事务代表辞职的公告 证券代码：601028 证券简称：玉龙股份 公告编号：2023-031 许金龙先生的辞职报告自送达公司董事会之日起生效。许金龙先生的辞职不 会影响公司董事会相关工作的正常开展，公司董事会将根据《上海证券交易所股 票上市规则》的相关规定尽快聘任新的证券事务代表，协助公司董事会秘书开展 相关工作。 许金龙先生在担任公司证券事务代表期间恪尽职守，勤勉尽责，公司及董事 会对其在任职期间的辛勤工作及为公司发展所做出的贡献表示衷心的感谢！ 特此公告。 山东玉龙黄金股份有限公司董事会 2023 年 9 月 1 日 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。 山东玉龙黄金股份有限公司（以下简称"公司"）董事会于 2023 年 8 月 31 日收到公司证券事务代表许金龙先生的书面辞职报告，许金龙先生因个人原因申 请辞去公司证券事务代表职务，辞职后将不在公司担任其他职务。 ...

Financial Performance - The company's operating revenue for the first half of 2023 was CNY 4,016,693,691.65, a decrease of 19.37% compared to CNY 4,981,750,674.64 in the same period last year[21]. - The net profit attributable to shareholders of the listed company reached CNY 256,834,570.36, an increase of 138.96% from CNY 107,478,812.48 in the previous year[21]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 259,119,198.91, up 142.46% from CNY 106,869,395.53 year-on-year[21]. - The net cash flow from operating activities was CNY 87,060,220.54, a significant improvement from a negative cash flow of CNY -138,491,648.04 in the same period last year[21]. - Basic earnings per share increased by 138.89% to CNY 0.3280 compared to the same period last year[22]. - Diluted earnings per share also rose by 138.89% to CNY 0.3280 year-on-year[22]. - The company's total revenue for the first half of 2023 was ¥2,438,838,420.81, a decrease of approximately 11.2% compared to ¥2,746,212,198.42 in the same period of 2022[114]. - The net profit for the first half of 2023 was ¥256,665,231.96, representing an increase of approximately 139.5% from ¥107,282,101.05 in the first half of 2022[114]. - The total comprehensive income for the first half of 2023 was ¥302,936,336.10, compared to ¥117,916,231.25 in the same period of 2022, showing a substantial increase[112]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 8,193,886,659.68, representing a 38.36% increase from CNY 5,922,304,327.90 at the end of the previous year[21]. - The net assets attributable to shareholders of the listed company increased to CNY 3,062,803,975.71, a rise of 9.90% from CNY 2,787,026,936.84 at the end of the previous year[21]. - The company's total assets as of June 30, 2023, amounted to CNY 5,281,430,884.47, an increase of 13.3% from CNY 4,659,118,031.66 at the end of 2022[108]. - The total liabilities as of June 30, 2023, were CNY 5,017,834,367.01, compared to CNY 3,023,731,597.34 at the end of 2022, representing an increase of approximately 66%[105]. - The company's total liabilities increased significantly, with accounts payable rising by 796.01% to 2,029,738,202.89 RMB[53]. Investments and Acquisitions - The company completed the acquisition of 100% equity in the Pakingo Gold Mine, which has a resource reserve of 7.883 million tons and a gold metal content of 170.6 thousand ounces[33]. - The company acquired a 67% stake in Shaanxi Shanjin for cash, gaining mining rights for the Loufanggou vanadium mine project in Shannxi Province[41]. - The company invested AUD 5 million to become the second-largest shareholder (11.44%) in Syrah Resources, marking its entry into the African new energy mineral project[42]. - The company invested CNY 25.75 million to acquire a 35% stake in the Liaoyang Shuangli silicon stone mine project, which has a designed capacity of 500,000 tons per year[44]. Market and Industry Trends - Domestic gold consumption increased by 16.37% to 554.88 tons in the first half of 2023, with gold jewelry consumption growing by 14.82%[25]. - The average price of gold in Shanghai rose by 10.91% year-on-year to CNY 432.09 per gram[25]. - The all-vanadium flow battery market is projected to grow from CNY 1.18 billion in 2022 to CNY 2.82 billion in 2023, with a compound annual growth rate of 163.3% from 2021 to 2025[27]. - Exports of "new three samples" products, including electric passenger vehicles, lithium batteries, and solar cells, increased by 61.6%, contributing 1.8 percentage points to overall export growth[29]. Operational Efficiency and Strategy - The company is focusing on optimizing the production process and increasing gold recovery rates through collaboration with research institutions[40]. - The company aims to expand its product structure and enhance profitability by integrating resources and developing new business segments[34]. - The company is committed to a dual-driven strategy focusing on gold precious metals and new energy materials[39]. - The company is enhancing its digital governance by implementing SAP ERP systems to integrate business and management processes[46]. Governance and Compliance - The company has established measures to ensure independence in personnel, assets, finance, and operations from its controlling enterprises[77]. - The company has committed to fair and transparent procedures for any unavoidable related transactions, ensuring no harm to the interests of the listed company and its shareholders[77]. - The company will ensure that the listed company has independent bank accounts and does not share accounts with controlled enterprises[80]. - The company has not engaged in any business that competes with its listed company's main operations, maintaining a clear separation[77]. Environmental and Social Responsibility - The company is committed to environmental protection and sustainable development, ensuring compliance with national environmental laws and regulations during its operations[73]. - The company has implemented measures to manage environmental and safety risks associated with mining operations, including regular safety training and environmental inspections[65]. - The company does not belong to key pollutant discharge units as defined by environmental protection authorities, indicating a focus on eco-friendly practices[73]. Financial Management - The company provided short-term funding of CNY 58 million from its controlling shareholder, Jinan High-tech Holding Group, reducing the initial balance from CNY 112 million[86]. - The interest rate on the short-term funding is not higher than the loan market quoted interest rate, ensuring no adverse impact on the company's financial results[86]. - The company has established an independent financial accounting department and management system, ensuring financial independence[82]. - The total amount of guarantees provided by the company, including those for subsidiaries, is 353,000,000[89]. Future Outlook - The company plans to focus on market expansion and new product development in the upcoming quarters[126]. - The company has set a performance guidance for the second half of 2023, aiming for a revenue growth of 5% to 7% compared to the first half[131]. - The company is exploring potential mergers and acquisitions to enhance its market position[126].

证券代码：601028 证券简称：玉龙股份 公告编号：2023-030 一、担保情况概述 为满足日常经营及业务发展需要，上海钜库拟向江苏银行股份有限公司上海 奉贤支行申请不超过 4,000 万元的综合授信额度（人民币，下同），由公司提供 连带责任担保，担保本金金额不超过 4,000 万元，担保范围包括主债权之本金以 及前述本金对应利息、费用等全部债权之和。 公司已分别于 2023 年 4 月 21 日、2023 年 5 月 15 日召开第六届董事会第六 次会议、2022 年年度股东大会，审议通过了《关于公司及控股子公司申请综合 授信及提供担保额度预计的议案》，同意公司为控股子公司（包括担保有效期内 1 山东玉龙黄金股份有限公司 关于为全资子公司向江苏银行申请综合授信提供担保的公告 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: 被担保人名称：上海钜库能源有限公司（以下简称"上海钜库"），系山 东玉龙黄金股份有限公司（以下简称"公司"）的全资子公司。 本次担保金额及已实际为其提供的担保余额：公司本次为上海钜 ...

山东玉龙黄金股份有限公司 一、 说明会类型 本次投资者说明会以视频结合网络互动召开，公司将针对 2022 年度和 2023 年第一季度经营成果及财务指标的具体情况与投资者进行互动交流和沟通，在信 息披露允许的范围内就投资者普遍关注的经营业绩、战略规划、财务状况、利润 分配等问题进行回答。 关于召开2022年度暨2023年第一季度业绩暨现金分红说明会的公告 二、 说明会召开的时间、地点 （一） 会议召开时间：2023 年 5 月 19 日下午 15:00-16:30 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。 证券代码：601028 证券简称：玉龙股份 公告编号：2023-021 重要内容提示： 山东玉龙黄金股份有限公司（以下简称"公司"）已分别于 2023 年 4 月 24 日、2023 年 4 月 26 日发布公司 2022 年年度报告和 2023 年第一季度报告，为便 于广大投资者更全面深入地了解公司 2022 年度和 2023 年第一季度经营成果、财 务状况，公司计划于 2023 年 5 月 19 日下午 15 ...

Financial Performance - The company's operating revenue for Q1 2023 was CNY 2,733,943,587.67, representing a decrease of 1.82% compared to the same period last year[5]. - Net profit attributable to shareholders was CNY 143,149,551.38, an increase of 89.19% year-on-year[5]. - The basic earnings per share for the period was CNY 0.1828, reflecting an increase of 89.23% compared to the previous year[5]. - Total revenue for Q1 2023 was CNY 2,733,943,587.67, a decrease of 1.8% compared to CNY 2,784,588,639.86 in Q1 2022[18]. - Net profit for Q1 2023 reached CNY 143,131,242.88, an increase of 89.3% compared to CNY 75,619,959.50 in Q1 2022[19]. - Basic earnings per share for Q1 2023 were CNY 0.1828, compared to CNY 0.0966 in Q1 2022, marking an increase of 89.2%[20]. Assets and Liabilities - Total assets at the end of the reporting period reached CNY 7,928,318,176.29, up 33.87% from the end of the previous year[6]. - The company's total assets as of Q1 2023 amounted to CNY 7,928,318,176.29, up from CNY 5,922,304,327.90 in the previous year[17]. - Total liabilities for Q1 2023 were CNY 4,915,187,177.61, compared to CNY 3,023,731,597.34 in Q1 2022, indicating a significant increase of 62.7%[17]. - The company's equity attributable to shareholders increased to CNY 2,901,603,513.46 in Q1 2023 from CNY 2,787,026,936.84 in Q1 2022, representing a growth of 4.1%[17]. Cash Flow - The company's cash flow from operating activities was CNY 235,015,153.77, with no applicable year-on-year comparison[5]. - The company reported a significant increase in cash flow from operating activities, contributing to improved liquidity[19]. - In Q1 2023, the company's cash inflow from operating activities was CNY 1,240,923,523.71, a decrease of 35.2% compared to CNY 1,916,921,979.69 in Q1 2022[22]. - The net cash flow from operating activities for Q1 2023 was CNY 235,015,153.77, a significant improvement from a net outflow of CNY 494,939.94 in the same period last year[22]. - The total cash and cash equivalents at the end of Q1 2023 amounted to CNY 653,642,125.85, a decrease from CNY 1,036,688,835.83 at the end of Q1 2022[23]. - The company experienced a net increase in cash and cash equivalents of CNY 348,547,751.73 in Q1 2023, contrasting with a decrease of CNY 15,514,594.21 in Q1 2022[23]. Operational Metrics - The weighted average return on equity increased by 2.08 percentage points to 5.01%[5]. - The company's accounts receivable increased by 201.81%, indicating a rise in customer payments due[7]. - Inventory levels rose by 52.96%, attributed to an increase in operational stock[7]. - The total current assets reached ¥6,779,311,281.60, up from ¥4,754,662,479.04, indicating an increase of around 42.52%[15]. - Accounts receivable rose significantly to ¥2,881,348,028.94 from ¥954,683,976.97, marking an increase of about 201.73%[15]. - Inventory levels increased to ¥1,306,472,277.82 from ¥854,101,778.16, reflecting a growth of approximately 53.00%[15]. Investments and Acquisitions - The company signed a share transfer agreement to acquire 67% of Shaanxi Shanjin Mining Co., Ltd. for a total consideration of ¥130,650,000, aimed at obtaining mining rights for a key project[12]. - The company invested ¥25,750,000 to acquire a 35% stake in Lighthouse Silica Mining Co., Ltd., enhancing its portfolio in the mining sector[13]. - The company completed the equity transfer registration for Shaanxi Shanjin Mining Co., Ltd. on March 31, 2023, and obtained a new business license[12]. - The company reported that the mining license for the key project has been successfully renewed, ensuring continued operations[12]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 65,756[9]. - The top two shareholders hold a combined 46.42% of the company's shares, with Jinan High-tech Holding Group Co., Ltd. owning 29.20% and Hainan Houai Technology Co., Ltd. holding 17.22%[10]. - There are no reported financing or margin trading activities involving the top ten shareholders[11]. Future Outlook - The company plans to expand its market presence and invest in new technologies to enhance operational efficiency in the upcoming quarters[19]. - The company has allocated resources for research and development to innovate new products and improve existing offerings[19].

Financial Performance - In 2022, the company achieved a net profit attributable to shareholders of RMB 291,304,545.28, a decrease of 20.04% compared to RMB 364,329,567.72 in 2021[5]. - The company's operating revenue for 2022 was RMB 10,935,858,905.17, down 3.67% from RMB 11,351,946,697.48 in 2021[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 301,415,157.83, down 17.58% from RMB 365,728,180.97 in 2021[22]. - The company reported a basic earnings per share of CNY 0.3720 in 2022, a decrease of 20.05% compared to CNY 0.4653 in 2021[24]. - The weighted average return on equity decreased to 10.83% in 2022 from 15.40% in 2021, a decline of 4.57 percentage points[24]. - The company achieved a total operating revenue of CNY 10,935,858,905.17 in the reporting period, a decrease of 3.67% compared to the previous year[51]. - The company’s main business in bulk commodity trading generated an operating income of CNY 1,079,048.35 million, with a net profit attributable to shareholders of CNY 23,758.67 million[50]. - The acquisition of 100% equity in NQM Company added CNY 14,431.11 million to the company's operating revenue and CNY 7,486.48 million to the net profit attributable to shareholders for the year 2022[50][52]. Cash Flow and Assets - The net cash flow from operating activities was negative RMB 447,663,238.78, a significant decline compared to positive RMB 49,523,630.21 in 2021[22]. - The company's total assets at the end of 2022 were RMB 2,787,026,936.84, an increase of 9.40% from RMB 2,547,496,436.60 at the end of 2021[22]. - The company's net assets attributable to shareholders increased to RMB 2,787,026,936.84 by the end of 2022, reflecting a growth of 9.40% compared to the previous year[22]. - The net cash flow from operating activities was CNY 133,277,072.55 in the first quarter of 2022, showing a significant recovery compared to previous quarters[27]. - The net cash flow from investing activities was -836,616,591.96 CNY, primarily due to the acquisition of 100% equity in NQM[67]. - Cash and cash equivalents at the end of the period amounted to 449,675,882.29 CNY, a decrease of 61.64% from the previous year[70]. - Accounts receivable increased by 118.19% to 954,683,976.97 CNY, attributed to an increase in customer payments receivable[70]. - Inventory at the end of the period was 854,101,778.16 CNY, an increase of 4,028.54% due to an increase in operational inventory[70]. Dividends and Profit Distribution - The proposed cash dividend for 2022 is RMB 0.35 per 10 shares, totaling RMB 27,405,901.60 to be distributed to shareholders[5]. - The company plans to allocate 10% of its net profit to statutory surplus reserves, amounting to RMB 22,120,920.32[5]. - The company has a cash dividend policy that stipulates a minimum distribution of 10% of the distributable profit, ensuring that the cumulative cash dividends over the last three years are at least 30% of the average annual distributable profit[138]. - The company declared a cash dividend of 77,519,550.74 CNY, which represents 26.61% of the net profit attributable to ordinary shareholders in the consolidated financial statements[143]. - Each share will receive a dividend of 10 CNY (before tax) and a stock bonus of 10 shares[143]. Acquisitions and Investments - The company successfully acquired control of the Pakingo Gold Mine in Australia, with a profit commitment of no less than AUD 36 million, AUD 39 million, and AUD 41 million for the years 2022, 2023, and 2024 respectively, totaling AUD 116 million over three years[33]. - The company completed the acquisition of 67% equity in Shaanxi Shanjin, obtaining mining rights for the Loufangou Vanadium Mine project in Shaanxi Province[35]. - The company acquired 100% equity of NQM, adding a new gold mining business, with no comparable data from the previous year[57][62]. - The company has entered into a cooperation agreement with BHP Gold for lithium resource exploration, with a total investment budget not exceeding RMB 13 million over a maximum period of 4 years[175]. - The company plans to invest AUD 5 million in Australian-listed company Syrah Resources to acquire graphite resources in Africa, with the Ancuabe Project holding approximately 46.1 million tons of graphite resources and 24.9 million tons of recoverable reserves[36]. Operational Strategies and Future Plans - The company is focusing on integrating resources in the new energy storage sector, collaborating with leading companies in the all-vanadium flow battery field[35]. - The company aims to optimize its revenue structure and enhance profitability through strategic acquisitions and partnerships in the gold and new energy sectors[33]. - The company plans to optimize the production processes at the Pakingo mining area to enhance efficiency and reduce costs, including transitioning to a fully autonomous mining operation[96]. - The company aims to increase its core competitiveness by focusing on enhancing net profit, improving operational efficiency, and expediting the resolution of historical issues[96]. - The company will prioritize the construction and production optimization of 2022 acquisition projects, targeting domestic gold mining projects that can quickly contribute profits and cash flow[98]. Governance and Compliance - The company maintains independence from its controlling shareholder, ensuring no interference in its operations and decision-making processes[104]. - The company has established a governance structure with a compensation and assessment committee to oversee remuneration policies[121]. - The company has implemented strict safety management measures in mining operations to mitigate risks associated with safety and environmental concerns[102]. - The company is committed to enhancing its environmental protection efforts, including regular inspections and promoting green mining initiatives[102]. - The company has not reported any incidents of insider trading or information leakage that could affect stock price stability during the reporting period[107]. Market and Economic Conditions - The global cobalt consumption exceeded 150,000 tons in 2022, with prices rising to USD 8,100 per ton, indicating a strong demand in the new energy materials market[41]. - The average annual price of gold in London was USD 1,800.09 per ounce in 2022, reflecting a slight increase of 0.08% compared to 2021[39]. - The company faces risks related to macroeconomic fluctuations, as its revenue is closely tied to commodity prices, which are influenced by global supply and demand dynamics[100]. - The company expects foreign trade growth to continue despite pressures from global economic downturns, supported by policies like RCEP and export tax rebates[93]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period was 58,044, a decrease from 65,756 at the end of the previous month[183]. - The largest shareholder, Jinan High-tech Holding Group Co., Ltd., holds 29.20% of the shares, totaling 228,637,000 shares[185]. - Hainan Houai Technology Co., Ltd. is the second-largest shareholder with 19.01%, holding 148,878,458 shares, having decreased its holdings by 15,593,400 shares during the reporting period[185]. - The company has no significant changes in the control of shareholders during the reporting period[189]. - Jinan High-tech Holding Group Co., Ltd. is the controlling shareholder and has no related party transactions with other shareholders[188].

Financial Performance - The company's operating revenue for Q3 2022 was ¥3,262,803,686.83, representing a year-on-year increase of 0.07%[6] - The net profit attributable to shareholders for Q3 2022 was ¥31,558,203.89, a decrease of 70.37% compared to the same period last year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥30,132,790.94, down 71.43% year-on-year[6] - The basic earnings per share for Q3 2022 was ¥0.0403, reflecting a decline of 70.37% compared to the same period last year[10] - The diluted earnings per share for Q3 2022 was also ¥0.0403, showing a decrease of 70.37% year-on-year[10] - The weighted average return on equity for Q3 2022 was 1.18%, a decrease of 3.18 percentage points compared to the same period last year[10] - Total operating revenue for the first three quarters of 2022 was CNY 8,244,554,361.47, a decrease of 6.8% compared to CNY 8,845,379,954.25 in the same period of 2021[33] - Net profit attributable to shareholders of the parent company for the third quarter was CNY 139,037,016.37, compared to CNY 310,146,490.51 in the previous year, indicating a decline of 55.2%[35] - The total comprehensive income attributable to the parent company was ¥158,432,731.38, a decrease from ¥311,698,660.95 in the same period last year, representing a decline of approximately 49%[38] - Basic and diluted earnings per share were both ¥0.1776, down from ¥0.3961 in the previous year, indicating a decrease of about 55%[38] Assets and Liabilities - Total assets at the end of Q3 2022 amounted to ¥4,425,356,011.72, an increase of 21.27% compared to the end of the previous year[10] - As of September 30, 2022, total current assets amounted to RMB 4,005,575,019.82, an increase from RMB 3,631,530,618.24 at the end of 2021[27] - The total assets of the company as of September 30, 2022, were RMB 4,425,356,011.72, up from RMB 3,649,271,347.37 at the end of 2021[27] - The total liabilities increased to CNY 1,603,553,082.00 in the current period from CNY 985,607,529.77 in the previous year, representing a growth of 62.5%[32] - The total equity attributable to shareholders of the parent company rose to CNY 2,705,929,167.98 from CNY 2,547,496,436.60, marking an increase of 6.2%[32] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥580,940,311.33, a decline of 374.46% year-on-year[6] - Net cash flow from operating activities was negative at ¥580,940,311.33, compared to a positive cash flow of ¥211,664,627.45 in the same period last year[42] - Cash inflow from operating activities totaled ¥6,620,004,762.73, down 16.6% from ¥7,936,709,474.98 in the previous year[38] - Cash outflow from operating activities was ¥7,200,945,074.06, a decrease of approximately 6.8% compared to ¥7,725,044,847.53 in the same period last year[38] - The net cash flow from investing activities was negative at ¥416,825,250.29, compared to a negative cash flow of ¥4,110,818.95 in the previous year[42] - Cash inflow from financing activities was ¥329,900,000.00, an increase from ¥279,526,000.00 in the same period last year, reflecting a growth of about 18%[42] - The ending balance of cash and cash equivalents was ¥34,896,843.29, significantly down from ¥1,255,395,625.00 in the previous year[42] - The company reported a significant increase in cash received from other operating activities, totaling ¥203,861,514.99, compared to ¥102,412,786.66 in the previous year, marking an increase of approximately 99%[38] Shareholder Information - The total number of common shareholders at the end of the reporting period is 13,016, with the largest shareholder, Jinan High-tech Holding Group Co., Ltd., holding 29.00% of shares[17] - The second largest shareholder, Hainan Houai Technology Co., Ltd., holds 19.01% of shares, totaling 148,878,458 shares[17] Acquisition and Regulatory Approvals - The company’s cash acquisition of 100% equity in NQM Gold 2 Pty Ltd from CQT Holdings Ltd was completed for a transaction price of RMB 902.8246 million[21] - The company has received conditional no objection notification from the Australian Foreign Investment Review Board regarding the acquisition[21] - The company is currently progressing with the necessary regulatory approvals for the acquisition, including notifications from the Shandong Provincial Development and Reform Commission[21] Operating Costs and Expenses - Total operating costs for the first three quarters of 2022 were CNY 8,056,156,795.75, down from CNY 8,528,116,129.66 in 2021, reflecting a reduction of 5.5%[33] - The company reported a financial expense of CNY 47,620,065.33 for the first three quarters of 2022, significantly higher than CNY 6,292,962.17 in the same period of 2021[33] - The company experienced a rise in employee compensation payments, which totaled ¥28,663,300.10, up from ¥22,692,453.99 in the previous year, indicating an increase of about 26%[38] - The company’s cash and cash equivalents decreased by CNY 507,767,096.70 compared to the previous period[32] - The company’s research and development expenses were not specified but are critical for future growth and innovation strategies[33]

Financial Performance - The company's operating revenue for the first half of 2022 was approximately ¥4.98 billion, a decrease of 10.80% compared to ¥5.58 billion in the same period last year[25]. - The net profit attributable to shareholders of the listed company was approximately ¥107.48 million, down 47.22% from ¥203.64 million in the previous year[25]. - The net cash flow from operating activities was negative at approximately ¥138.49 million, a decline of 226.28% compared to a positive cash flow of ¥109.67 million in the same period last year[25]. - The basic earnings per share for the first half of 2022 were ¥0.1373, a decrease of 47.21% from ¥0.2601 in the same period last year[25]. - The weighted average return on net assets was 4.13%, down 4.78 percentage points from 8.91% in the previous year[25]. - The company reported a total comprehensive income of CNY 117,916,231.25 for the first half of 2022, down from CNY 201,469,932.30 in the same period of 2021, indicating a decline of 41.5%[138]. - The company achieved a gross profit margin of approximately 2.9% for the first half of 2022, down from the previous year's margin, reflecting challenges in maintaining profitability[136]. - The net profit for the first half of 2022 reached CNY 101,341,010.78, representing a significant increase from CNY 78,478,587.60 in the first half of 2021, marking a growth of 29.1%[140]. Assets and Liabilities - The total assets at the end of the reporting period were approximately ¥4.47 billion, an increase of 22.38% from ¥3.65 billion at the end of the previous year[25]. - The net assets attributable to shareholders of the listed company were approximately ¥2.67 billion, reflecting a growth of 4.64% compared to ¥2.55 billion at the end of the previous year[25]. - Total liabilities increased to ¥1,684,308,847.92 from ¥985,607,529.77, indicating a rise of about 70.8%[125]. - The total equity attributable to shareholders rose to ¥2,665,609,379.28 from ¥2,547,496,436.60, an increase of approximately 4.6%[125]. - The company's receivables increased to CNY 1,745,574,240.73, a 298.94% increase compared to the previous year, attributed to delayed customer payments due to the pandemic and increased receivables as per contract agreements[3]. - The company's inventory reached CNY 626,886,368.69, reflecting a significant increase of 2,930.23% year-over-year, driven by an increase in operational inventory[6]. - Short-term borrowings rose to CNY 330,705,906.86, marking a 106.55% increase from the previous year, due to additional bank loans obtained during the period[11]. Corporate Governance and Compliance - The company has established a robust corporate governance framework, enhancing decision-making processes and operational efficiency[39]. - The company has not violated any decision-making procedures for providing guarantees to external parties[9]. - The company guarantees that its financial personnel do not hold concurrent positions in other controlled enterprises, ensuring personnel independence[92]. - The company has established a complete corporate governance structure to avoid institutional confusion with controlled enterprises[92]. - The company has no significant litigation or arbitration matters during the reporting period, indicating a stable legal environment[97]. - The company committed to avoiding and minimizing related party transactions with the listed company and its subsidiaries, ensuring fair decision-making processes[82]. Market and Business Strategy - The company aims to optimize its business model by focusing on more profitable and stable products, expanding into new business sectors[32]. - The company is committed to expanding its market presence and product diversification along the industrial chain[32]. - The company is focusing on diversifying its market and industry, aiming to become a high-growth international mining company[41]. - The company is enhancing its resource integration capabilities along the industrial chain to improve profitability[32]. - The company plans to continue its market expansion and product development strategies in the upcoming quarters[191]. - The company is focused on enhancing its operational efficiency and exploring new technologies to drive growth[191]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period is 13,742[109]. - The largest shareholder, Jinan High-tech Holding Group Co., Ltd., holds 29.00% of the shares, totaling 227,070,000 shares[110]. - The second-largest shareholder, Hainan Houai Technology Co., Ltd., holds 21.00% of the shares, totaling 164,471,858 shares[110]. - The company has not experienced any changes in its share capital structure during the reporting period[108]. Risks and Challenges - The company faces macroeconomic fluctuation risks affecting its main business in bulk commodity trading, particularly in coal and agricultural products[67]. - Human resource risks are significant as the company's profit relies heavily on the expertise of its management and business personnel[70]. - Customer performance risks have increased due to rising default risks in the credit market, potentially impacting the company's operating performance[70].