Financial Performance - The company's net profit for Q1 2023 was ¥-61,587,833.61, a significant decline compared to a net profit of ¥28,560,622.75 in Q1 2022, reflecting a decrease of approximately 316.3%[9] - The total comprehensive income for Q1 2023 was ¥-61,587,833.61, contrasting with ¥28,560,622.75 in Q1 2022, reflecting a significant downturn in overall financial performance[11] - The net profit attributable to shareholders of the listed company was -¥61,587,833.61, compared to -¥208,887.43 in the previous year, indicating a significant loss[52] - The company’s net profit attributable to shareholders decreased due to reduced production and sales of self-produced gold[31] Revenue and Sales - Operating revenue from sales and services received cash of ¥946,328,121.65 in Q1 2023, compared to ¥411,431,313.95 in Q1 2022, marking an increase of about 130.0%[11] - The total operating revenue for Q1 2023 was ¥922,062,404.93, representing a 140.71% increase compared to ¥383,061,612.29 in the same period last year[52] - Operating revenue for the period increased by 140.71% as a result of higher sales volume of standard gold produced from purchased quality gold[30] Assets and Liabilities - The total current assets reached ¥1,997,518,871.87, up from ¥1,692,777,536.77, indicating an increase of about 18.0%[3] - The company's total liabilities increased, with a notable rise in current liabilities, which will be detailed in the full report[4] - The total liabilities increased to ¥1,757,027,234.17 from ¥1,452,515,905.66, reflecting a significant rise in financial obligations[46] - Total assets increased by 4.10% to ¥6,454,921,040.73 from ¥6,200,974,014.38 at the end of the previous year[52] Cash Flow - The company reported a net cash outflow from operating activities of RMB -233,597,645.85 for the first quarter of 2023[21] - The net cash flow from operating activities was -¥233,597,645.85, worsening from -¥119,117,049.98 year-on-year[52] - Cash inflow from financing activities was RMB 566,029,250.00, resulting in a net cash flow of RMB 412,398,639.41 from financing activities[21] Expenses - Research and development expenses decreased to ¥579,712.67 in Q1 2023 from ¥3,520,617.43 in Q1 2022, a reduction of approximately 83.5%[9] - Operating costs increased by 270.76% due to the same reason of increased sales volume of standard gold[30] Investments and Acquisitions - The company completed the acquisition of 100% equity in Baiyuanfeng and Kegang Manganese Industry in September 2022, which are now wholly-owned subsidiaries included in the consolidated financial statements[55] - The company is focused on strategic acquisitions and consolidations to enhance its market position and financial performance[55] Other Financial Metrics - The basic earnings per share for Q1 2023 was ¥-0.0671, compared to ¥-0.0003 in Q1 2022, indicating a substantial decline in profitability per share[11] - The company reported a significant increase of 691.91% in credit impairment losses due to an increase in receivables[30] - The company incurred a loss of RMB -11,423,816.03 from fair value changes of financial assets and liabilities[19]

Financial Performance - The company's operating revenue decreased due to a reduction in the production and sales volume of standard gold from purchased quality gold compared to the previous year[23]. - The net profit attributable to shareholders of the listed company increased by 102.7 million yuan due to the consolidation of BaYuanFeng and KeBangMangan's 100% equity after the share issuance in September 2022[23]. - The adjusted net profit attributable to shareholders decreased due to soft demand in the downstream industry chain, leading to a decline in the sales price of electrolytic manganese compared to the previous year[23]. - The subsidiary Yili Company experienced safety incidents, resulting in related expenses and losses that impacted the overall net profit[23]. - Operating revenue for 2022 was ¥4,408,012,692.78, representing a decrease of 20.38% from ¥5,536,422,555.72 in 2021[24]. - The net cash flow from operating activities decreased by 13.61% to ¥356,844,339.96 compared to ¥413,077,873.61 in the previous year[24]. - The basic earnings per share dropped by 53.93% to ¥0.2171 from ¥0.4712 in 2021[25]. - The diluted earnings per share also fell by 53.91% to ¥0.2167 from ¥0.4702 in the previous year[25]. - The net profit attributable to shareholders, excluding non-recurring gains and losses, increased to ¥91,515,440.57, a significant rise of 1,543.05% compared to the previous year[24]. - The company reported a significant non-recurring gain of ¥219,549,791.09 from the merger under common control[29]. - The company generated operating revenue of 4.408 billion yuan and a net profit of 241 million yuan, with total industrial output value at 4.457 billion yuan[51]. - Net profit dropped by 54.43% to ¥241.50 million, with net profit attributable to shareholders decreasing by 52.06% to ¥176.19 million[53]. Asset and Equity Management - The total assets at the end of 2022 were ¥6,200,974,014.38, an increase of 4.71% from ¥5,921,823,974.16 at the end of 2021[24]. - The net assets attributable to shareholders increased by 48.77% to ¥4,748,458,965.80 from ¥3,191,856,481.19 at the end of 2021[24]. - The company reported a total equity attributable to shareholders of 4,748,458,965.80 RMB, which is a 48.77% increase from the previous year[85]. - The company’s total assets reached 6.201 billion yuan, with a debt-to-asset ratio of 23.42%[51]. - The company’s goodwill increased by 59.92% to 158,701,256.11 yuan due to asset valuation increases from business combinations[84]. - The company’s total liabilities decreased by 100% due to the repayment of long-term borrowings amounting to 135 million RMB[85]. Operational Efficiency and Production - The company completed the extraction of 538,000 tons of manganese ore and produced 69,900 tons of electrolytic manganese[36]. - The company produced 7.72 tons of gold, achieving 134.18% of the annual production plan, with 6.56 tons being standard gold[36]. - The production of standard gold decreased by 38.30% to 6.56 tons, while sales decreased by 37.76% to 6.60 tons compared to the previous year[62]. - The production of electrolytic manganese increased by 26.72% to 69,900 tons, with sales rising by 31.51% to 71,900 tons[62]. - The company has focused on cost reduction and efficiency improvement through resource recovery and automation upgrades[39]. - The company aims to improve the comprehensive recovery rate of resources, enhancing smelting technologies and gold recovery processes[106]. - The company is committed to enhancing its operational efficiency through internal management improvements as high-quality gold resources diminish[106]. Strategic Initiatives and Restructuring - The company successfully completed a major asset restructuring, establishing a dual main business model of "gold + manganese," enhancing profitability and competitiveness[41]. - The major asset restructuring project received approval from the China Securities Regulatory Commission, raising nearly 400 million yuan through share issuance[41]. - The company completed the acquisition of 100% equity in Kobang Manganese Industry, Baiyuanfeng, and Mengxintianba, expanding its consolidation scope[69]. - The company is actively pursuing credit lines from commercial banks for 2022, indicating a strategy to bolster liquidity and financial flexibility[144]. - The company plans to resolve potential competition issues within 96 months after the restructuring is completed[196]. - The restructuring will not create any competition between the listed company and its controlling shareholder or other controlled enterprises[198]. Risk Management and Compliance - The company has described potential risks in the section discussing future development[8]. - The company faces risks related to policy changes that could impact mining rights and operational costs due to stricter environmental regulations[111]. - The company is exposed to price volatility risks, particularly in gold, which is a major source of revenue and profit[111]. - The company is committed to improving corporate governance and compliance with relevant laws and regulations to protect investor interests[117]. - The company has established a compliance management leadership group to enhance governance and risk management capabilities[39]. - The company has implemented strict management controls over subsidiaries, enhancing operational efficiency and risk management through established guidelines and oversight[172]. Environmental Responsibility - The company has invested 48.4161 million yuan in environmental protection during the reporting period[176]. - The company has established mechanisms for environmental protection and strictly adheres to national and local environmental regulations[177]. - The company has maintained normal operation of its environmental protection facilities, ensuring compliance with pollution prevention standards[181]. - The company has conducted regular environmental monitoring and has engaged third-party testing agencies for compliance verification[181]. - The company has achieved compliance with environmental impact assessments for all new, modified, and expanded projects during the reporting period[182]. - The company has established an environmental protection committee to oversee compliance and management of environmental responsibilities[185]. Shareholder Engagement and Governance - The company plans to issue shares for asset purchases and related transactions, with a focus on compliance with relevant laws and regulations[126]. - The company has established a three-year shareholder return plan for 2022-2024, aiming to enhance shareholder value[126]. - The company is committed to maintaining effective communication with investors through various platforms, including online investor reception days and performance briefings[123]. - The company held multiple shareholder meetings in 2022, approving significant resolutions related to asset acquisitions and fundraising[126]. - The board of directors consists of 3 independent directors, accounting for 1/3 of the board, who actively participate in meetings and provide professional opinions on significant matters[120]. - The company emphasizes the importance of environmental responsibility and has established a comprehensive environmental management system[186].

Financial Performance - The company's operating revenue for Q3 2022 was ¥1,672,518,478.39, representing a 25.83% increase compared to the same period last year[7]. - The net profit attributable to shareholders was ¥7,253,031.15, a decrease of 91.23% year-on-year[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥9,738,515.11, reflecting a 154.46% decline compared to the previous year[7]. - The basic earnings per share for the period was ¥0.0092, down 91.32% from ¥0.1060 in the same quarter last year[7]. - Total revenue for the first three quarters of 2022 was CNY 3,239,826,060.51, a decrease of 26.5% compared to CNY 4,409,024,341.68 in the same period of 2021[34]. - Net profit for the third quarter of 2022 was CNY 133,210,302.25, a decline of 41.0% from CNY 225,848,322.94 in the same quarter of 2021[38]. - The total comprehensive income for the period was CNY 133,210,302.25, compared to CNY 225,848,322.94 in the previous period, reflecting a decrease of approximately 41%[40]. - The net profit attributable to the parent company was CNY 66,509,966.36, down from CNY 139,730,809.16, indicating a decline of about 52%[40]. - Basic earnings per share decreased to CNY 0.0841 from CNY 0.1791, representing a drop of approximately 53%[40]. Assets and Liabilities - The total assets at the end of the reporting period were ¥6,448,681,066.13, an increase of 8.82% compared to the end of the previous year[7]. - The total liabilities as of Q3 2022 were CNY 2,186,574,273.29, compared to CNY 2,036,782,085.34 in Q3 2021, indicating an increase of 7.3%[34]. - The company's equity attributable to shareholders reached CNY 4,262,106,792.84 in Q3 2022, up from CNY 3,197,628,069.62 in Q3 2021, marking a rise of 33.3%[34]. - The company's long-term payables rose to CNY 182,206,171.21 in Q3 2022, up from CNY 141,858,789.85 in Q3 2021, indicating an increase of 28.5%[34]. Cash Flow - The net cash flow from operating activities was -¥301,679,938.61 for the year-to-date, indicating a continued cash outflow[7]. - Cash inflows from operating activities totaled CNY 3,200,760,618.94, down from CNY 3,942,599,729.96, a decrease of around 19%[42]. - Cash outflows from operating activities amounted to CNY 3,502,440,557.55, compared to CNY 4,197,793,449.60 in the previous period, a reduction of about 17%[46]. - The net cash flow from operating activities was negative at CNY -301,679,938.61, worsening from CNY -255,193,719.64 in the prior period[46]. - Cash inflows from investing activities were CNY 450,143,026.62, an increase from CNY 350,662,685.86, reflecting a growth of approximately 28%[46]. - The net cash flow from investing activities was negative at CNY -26,967,794.67, improving from CNY -115,811,825.26 in the previous period[46]. - Cash inflows from financing activities totaled CNY 1,679,526,532.00, down from CNY 2,365,645,347.00, a decrease of about 29%[46]. - The ending cash and cash equivalents balance was CNY 416,504,348.77, compared to CNY 402,663,048.05 at the end of the previous period, showing a slight increase[47]. Investments and Acquisitions - The company completed the acquisition of 100% equity in Baiyuanfeng, Kegang Manganese, and Mengxin Tianba, which are now wholly-owned subsidiaries[10]. - Investment income for the year-to-date period increased by 115.43%, due to the acquisition of a 49% stake in Hongfa Alloy, allowing the company to exert significant influence[20]. - The goodwill increased by 60.28% due to the acquisition of 100% equity in Mengxin Tianba, resulting in a business combination under common control[18]. Inventory and Sales - The company reported an increase in inventory of gold minerals, with 0.72 tons of gold minerals unsold as of September 30[10]. - The net profit attributable to shareholders decreased by 52.40% year-to-date due to a decline in gold sales from subsidiaries and unsold inventory at the end of the third quarter[15]. - Revenue for the year-to-date period decreased by 26.52%, primarily due to a reduction in standard gold sales compared to the previous year[18]. - Operating costs for the year-to-date period also decreased by 27.27%, reflecting the same reasons as revenue[18]. - The company reported a 42.00% increase in operating costs for the current reporting period, driven by higher sales volume and purchase prices of standard gold[21]. Shareholder Information - Total number of common shareholders at the end of the reporting period was 48,707[25]. - The largest shareholder, Xinjiang Nonferrous Metals Industry Group Co., Ltd., holds 505,292,451 shares, accounting for 56.83% of total shares[25]. Research and Development - Research and development expenses decreased by 52.83% in the current reporting period due to reduced investment in R&D projects[21]. - Research and development expenses for the third quarter of 2022 were CNY 14,776,697.88, a decrease of 24.5% from CNY 19,603,546.94 in the same quarter of 2021[38]. Other Information - The company has not disclosed any significant related party relationships among the top ten unrestricted shareholders[26]. - The company has not provided any updates on new product development or market expansion strategies during the reporting period[27].

Financial Performance - The company's operating revenue for the first half of 2022 was ¥868,761,326.11, a decrease of 65.19% compared to ¥2,495,754,445.76 in the same period last year[22]. - The net profit attributable to shareholders of the listed company was -¥38,570,482.77, showing an improvement from -¥49,845,864.06 in the previous year[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥50,885,969.44, compared to -¥57,456,178.21 in the same period last year[22]. - The net cash flow from operating activities was -¥492,002,457.90, slightly better than -¥519,037,372.65 in the previous year[22]. - The basic earnings per share for the first half of 2022 were -¥0.0606, an improvement from -¥0.0784 in the same period last year[25]. - The diluted earnings per share were -¥0.0600, compared to -¥0.0784 in the previous year[25]. - The weighted average return on net assets was -2.14%, an increase of 0.75 percentage points from -2.89% in the previous year[25]. - The company reported a net loss of ¥4,583.63 million for Yili Company, indicating financial challenges in that segment[49]. - The company’s total comprehensive income for the first half of 2022 was a loss of CNY 38,570,482.77, an improvement from a loss of CNY 49,845,864.06 in the same period of 2021[159]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,932,236,513.23, an increase of 7.01% from ¥2,740,177,537.02 at the end of the previous year[22]. - The net assets attributable to shareholders of the listed company decreased by 3.05% to ¥1,762,212,527.79 from ¥1,817,600,511.19 at the end of the previous year[22]. - The total liabilities reached ¥1,170,023,985.44, compared to ¥922,577,025.83, reflecting an increase of around 27.0%[149]. - Owner's equity decreased to ¥1,762,212,527.79 from ¥1,817,600,511.19, a decline of approximately 3.0%[149]. - The total current assets rose from 912,663,146.57 RMB to 1,097,890,112.65 RMB, an increase of approximately 20.3%[144]. - Current liabilities rose significantly to ¥1,035,368,987.09 from ¥786,207,440.70, marking an increase of approximately 31.7%[149]. Operational Highlights - The company attributed the decrease in operating revenue primarily to a reduction in the sales volume of externally purchased standard gold compared to the previous year[22]. - The company produced a total of 2,091.98 kg of standard gold in the first half of 2022, with 688.45 kg sourced from its own production and 1,403.53 kg from purchased gold processing[32]. - The company achieved a non-recurring profit of 12,315,486.67 RMB after accounting for non-operating income and expenses, with a tax impact of 134,325.26 RMB[29]. - The company has successfully advanced its major asset restructuring project, receiving unconditional approval from the China Securities Regulatory Commission on June 29, 2022[34]. - The company has established a new mining right and renewed one mining and one exploration right in the first half of 2022, while maintaining 15 exploration rights[34]. Environmental and Safety Compliance - The company has maintained a stable safety and environmental protection situation, conducting regular safety checks and adhering to pandemic prevention measures[34]. - The company has implemented strict environmental protection measures, with no sudden environmental incidents reported from January 1 to June 30, 2022[62]. - The company has established various environmental protection facilities, including a mining filling system and wastewater treatment facilities, which are operating well[68]. - The company has signed environmental responsibility agreements to ensure accountability and has integrated environmental protection goals into performance evaluations[76]. - The company emphasizes the importance of environmental compliance and safety measures to mitigate operational risks[51]. Strategic Initiatives - The company is focusing on cost reduction and efficiency improvement, implementing measures such as continuous high-efficiency mining and optimizing mining processes to enhance production capacity[34]. - The company is advancing technological progress with projects like the mechanized continuous mining technology research and the recovery of residual resources in mining areas[34]. - The company is committed to enhancing its corporate governance and management capabilities as part of its reform initiatives[31]. - The company plans to acquire 100% equity of Baiyuanfeng, Kebang Manganese, and Mengxin Tianba through a share issuance, with a transaction value of ¥2,613.86 million[46]. Shareholder and Governance Matters - The company committed to distributing no less than 30% of the distributable profits attributable to shareholders in cash each year, with a cumulative distribution of at least 30% over three accounting years[93]. - The company will fully compensate any economic losses incurred by its subsidiaries due to government-required social insurance and housing fund payments[93]. - The company will ensure that its profit distribution plan for the year of listing and the following two years is approved at the shareholders' meeting[92]. - The company has appointed new executives, including the election of Zhong Qiu as a director and the appointment of Zhu Lingxiao as deputy general manager[58]. Risks and Challenges - The company faces risks including policy changes that could impact mining rights and increased costs due to environmental taxes and resource taxes[51]. - Fluctuations in gold prices significantly affect the company's revenue and profit stability, with potential impacts from global economic and political factors[51]. - The company has a small resource reserve, which poses challenges for expansion and increases exploration costs[51]. - The company is subject to strict regulations regarding mining rights, which could delay production and affect performance[51]. Community Engagement and Social Responsibility - The company conducted consumption assistance work, spending over 700,000 yuan on purchasing local products to support poverty alleviation efforts[81]. - A total of 44 individuals from southern Xinjiang were successfully employed through labor transfer initiatives by the company[81]. - The company is committed to social responsibility by actively participating in rural revitalization efforts and supporting local communities[81].

证券代码：601069 证券简称：西部黄金 公告编号：2022-047 西部黄金股份有限公司 关于参加 2022 年新疆辖区投资者网上集体接待日 暨上市公司业绩说明会活动的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 为便于广大投资者更深入全面地了解西部黄金股份有限公司（以下简称"公司"） 情况、发展战略、经营状况、融资计划、可持续发展等投资者所关心的问题，公司定 于 2022 年 6 月 24 日参加由新疆上市公司协会联合深圳市全景网络有限公司组织开展 的 2022 年新疆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： 本次集体接待日活动将在深圳市全景网络有限公司提供的网上平台，采取网络远 程 的 方 式 举 行 ， 投 资 者 可 以 登 录 全 景 网 " 投 资 者 关 系 互 动 平 台 " 网 站 （http://ir.p5w.net/）或关注微信公众号：全景财经（微信号：p5w2012），参与 公司本次投资者集体接待日活动，活动时间为 2022 年 6 月 24 日（星期五）下午 15 ...

Financial Performance - The company's operating revenue for Q1 2022 was ¥163,006,564.06, representing a decrease of 86.60% compared to the same period last year[6]. - The net profit attributable to shareholders of the listed company was -¥53,637,977.76, with a basic earnings per share of -¥0.0843[6]. - The net loss for Q1 2022 was ¥53.6 million, compared to a net loss of ¥22.98 million in Q1 2021, reflecting an increase in losses of about 133.5%[32]. - The basic earnings per share for Q1 2022 was -¥0.0843, compared to -¥0.0361 in Q1 2021, indicating a worsening of the earnings per share[32]. - The total comprehensive loss for Q1 2022 was ¥53.6 million, compared to a loss of ¥22.98 million in Q1 2021, indicating a significant increase in comprehensive losses[32]. - The company's net profit for Q1 2022 was -7,227,433.77 RMB, an improvement from -8,085,451.14 RMB in Q1 2021, indicating a reduction in losses by approximately 10.6%[45]. - The recorded total comprehensive loss of -7,227,433.77 RMB for Q1 2022, compared to -8,085,451.14 RMB in Q1 2021, shows an improvement in overall financial performance[45]. Cash Flow - The net cash flow from operating activities was -¥117,398,171.65, indicating a significant cash outflow[6]. - Cash inflows from operating activities in Q1 2022 totaled ¥164.9 million, a decrease from ¥1.212 billion in Q1 2021, representing a decline of approximately 86.4%[32]. - The company reported a net cash outflow from operating activities of -213,663,161.77 RMB in Q1 2022, compared to -180,345,345.80 RMB in Q1 2021, indicating a worsening cash flow situation[47]. - The net cash flow from investing activities was 68,989,967.83 RMB, a significant recovery from -46,571,178.48 RMB in the previous period[34]. - The investment activities generated a net cash inflow of 549,291.54 RMB in Q1 2022, contrasting with a net outflow of -57,920.00 RMB in the same period of the previous year[47]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,643,753,622.51, down 3.52% from the end of the previous year[9]. - The total assets of the company as of March 31, 2022, were approximately RMB 2.64 billion, a decrease from RMB 2.74 billion at the end of 2021[24]. - The total liabilities and equity amounted to ¥2.644 billion, down from ¥2.740 billion in the previous period, showing a decrease of about 3.5%[30]. - The total liabilities decreased to 744,724,844.63 RMB from 866,956,350.82 RMB, a reduction of about 14.1%[41]. - The company's total current liabilities as of March 31, 2022, were approximately RMB 741.14 million, compared to RMB 786.21 million at the end of 2021[24]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 52,610[14]. - The largest shareholder, Xinjiang Nonferrous Metals Industry (Group) Co., Ltd., holds 361,312,828 shares, representing 56.22% of total shares[14]. - The second-largest shareholder, Turpan Jinyuan Mining Co., Ltd., holds 63,600,000 shares, representing 9.90% of total shares[14]. Research and Development - The company's research and development expenses decreased by 43.49% compared to the previous year[10]. - Research and development expenses for Q1 2022 were ¥2.38 million, down from ¥4.21 million in Q1 2021, indicating a reduction of approximately 43.5%[30]. - Research and development expenses for Q1 2022 were reported at 5,225.00 RMB, with no prior year data available for comparison[43]. Other Financial Metrics - The weighted average return on net assets was -3.00%[9]. - The company reported an investment income of ¥15.6 million in Q1 2022, compared to ¥13.7 million in Q1 2021, reflecting an increase of about 13.8%[30]. - The company's financial expenses decreased from 3,222,518.65 RMB in Q1 2021 to 2,567,283.53 RMB in Q1 2022, a reduction of approximately 20.3%[43]. - The company's cash and cash equivalents as of March 31, 2022, were approximately RMB 409.62 million, down from RMB 464.78 million at the end of 2021[21].

Financial Performance - The company's operating revenue for 2021 was CNY 4,158,277,632.44, a decrease of 25.15% compared to CNY 5,555,333,047.07 in 2020[21] - The net profit attributable to shareholders for 2021 was CNY 73,491,867.53, down 5.16% from CNY 77,487,451.74 in the previous year[21] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 5,569,862.42, a significant decrease of 94.98% compared to CNY 111,010,586.98 in 2020[21] - The net cash flow from operating activities was CNY 102,368,895.55, a decline of 76.56% from CNY 436,695,054.54 in the previous year[21] - The total assets at the end of 2021 were CNY 2,740,177,537.02, a slight increase of 0.52% from CNY 2,725,868,686.17 at the end of 2020[21] - The net assets attributable to shareholders at the end of 2021 were CNY 1,817,600,511.19, reflecting a growth of 2.47% from CNY 1,773,766,274.08 in 2020[21] - The basic earnings per share (EPS) decreased by 5.09% to CNY 0.1156 in 2021 compared to CNY 0.1218 in 2020[25] - The diluted EPS also fell by 5.34% to CNY 0.1153 in 2021 from CNY 0.1218 in 2020[25] - The net profit attributable to shareholders after deducting non-recurring gains and losses dropped significantly by 94.96% to CNY 0.0088 per share in 2021 from CNY 0.1745 in 2020[25] Operational Challenges - The decrease in operating revenue was primarily due to a reduction in the production and sales volume of standard gold compared to the previous year, along with a decline in sales prices[21] - The main reason for the decrease in net profit was the prolonged shutdown of major mines, leading to a decline in gold production and sales volume for the year[21] - The net cash flow from operating activities decreased, primarily due to a reduction in cash received from sales of goods and services compared to the previous year[24] - The sales volume of standard gold decreased by 24.37% to 10.60 tons compared to the previous year[56] - The company experienced a decrease in operating cash flow due to reduced cash receipts from sales compared to the previous year[73] Strategic Initiatives - The company engaged in hedging activities to mitigate price fluctuation risks, which resulted in increased investment income from hedging compared to the previous year[21] - The company completed the acquisition of a 49% stake in Hongfa Ferroalloy and initiated a major asset restructuring involving the acquisition of 100% equity in three manganese companies[44] - The company plans to produce a total of 5,751 kg of standard gold in 2022, with 2,751 kg from self-produced sources and 3,000 kg from purchased quality gold[99] - The company aims to enhance its core competitiveness through major asset restructuring, focusing on a dual business model of gold and manganese mining[98] - The company is actively pursuing resource integration to improve resource security and management, including strengthening exploration rights and mining rights management[99] Research and Development - Research and development expenses increased significantly by 177.07% to ¥25,077,535.56 from ¥9,051,065.47 in the previous year[46] - The number of R&D personnel increased by 61 to a total of 197, making up 12.61% of the company's total workforce[69] - The company has developed its own core technology and intellectual property in its R&D efforts, including an environmentally friendly gold extraction agent[70] - The company plans to continue investing in R&D to enhance product offerings and mitigate risks associated with price fluctuations in the gold market[48] Environmental and Safety Measures - The company achieved significant progress in safety and environmental protection, completing 10 key environmental projects during the year[44] - Environmental protection measures are critical, as failure to comply could lead to increased operational costs and environmental pollution[102] - The company has established various environmental protection facilities, including a mining filling system and a flue gas treatment facility, all of which are operating well[179] - The company has implemented a dual prevention mechanism for safety risk management and major hazard source management, enhancing safety education and training[188] Corporate Governance - The company is committed to improving its corporate governance structure and ensuring compliance with relevant laws and regulations[106] - The board of directors and supervisory board operate independently, ensuring effective decision-making and oversight[108][110] - The company emphasizes timely and accurate information disclosure to prevent selective disclosure and insider trading[111] - The company has established several specialized committees, including an Audit Committee and a Strategic Committee, to enhance governance[143] Social Responsibility - The company actively participated in poverty alleviation and rural revitalization efforts, including purchasing local agricultural products such as black chickens and ecological geese[192] - The company has committed to social responsibility by sending cadres to rural areas to assist with local development initiatives[192] - The company has organized donation activities to support local children's welfare, demonstrating its commitment to community engagement[192] - The company has implemented measures to support employees facing serious illnesses, including medical assistance and holiday gifts[191]

Revenue and Profitability - Revenue for Q3 2021 was CNY 965,806,096.85, a decrease of 23.36% compared to the same period last year[7] - Net profit attributable to shareholders was CNY 30,555,885.69, an increase of 21.12% year-on-year[7] - Basic earnings per share for the quarter was CNY 0.0481, up 21.46% from the previous year[10] - Net profit for the third quarter of 2021 was a loss of CNY 19,289,978.37, compared to a profit of CNY 32,261,969.37 in the same quarter of 2020[37] - The total comprehensive income attributable to the parent company was -19,289,978.37 RMB, compared to 32,261,969.37 RMB in the same period last year[39] - Basic and diluted earnings per share were both -0.0303 RMB, down from 0.0507 RMB year-over-year[39] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,983,942,136.10, representing a 9.47% increase from the end of the previous year[10] - The company's total assets increased to CNY 2,983,942,136.10 in Q3 2021 from CNY 2,725,868,686.17 in Q3 2020, representing a growth of 9.5%[30] - Current liabilities rose to CNY 1,100,829,279.41 in Q3 2021, compared to CNY 795,945,023.41 in Q3 2020, indicating an increase of 38.3%[30] - Long-term liabilities totaled CNY 155,019,684.96 in Q3 2021, slightly down from CNY 156,157,388.68 in Q3 2020[30] - The total liabilities of the company reached CNY 1,255,848,964.37 in Q3 2021, up from CNY 952,102,412.09 in Q3 2020, marking an increase of 32%[30] - The company's equity attributable to shareholders decreased to CNY 1,728,093,171.73 in Q3 2021 from CNY 1,773,766,274.08 in Q3 2020, a decline of 2.5%[30] Cash Flow - Cash flow from operating activities was CNY -385,878,622.75, reflecting a significant decline[10] - The cash flow from operating activities showed a net outflow of -1,772.32 million RMB, primarily due to reduced cash inflows from sales and increased cash outflows[17] - Cash inflow from operating activities totaled 3,356,547,970.98 RMB, a decrease from 3,754,723,714.84 RMB in the previous year[39] - Cash outflow from operating activities amounted to 3,742,426,593.73 RMB, slightly up from 3,731,649,207.68 RMB year-over-year[42] - The net cash flow from operating activities was -385,878,622.75 RMB, compared to a positive 23,074,507.16 RMB in the same period last year[42] Inventory and Borrowings - The company experienced a 83.75% increase in inventory due to unsold standard gold products at the end of the reporting period[14] - The company reported a 34.67% decrease in cash and cash equivalents due to unsold inventory[14] - Short-term borrowings increased by 182.35% as a result of business needs related to unsold inventory[14] - The company's inventory increased to 567,454.59 million RMB, up from 308,819.14 million RMB in the previous year, indicating a significant rise in stock levels[25] Research and Development - Research and development expenses increased to 4,914.76 million RMB due to higher investments in R&D projects during the reporting period[17] - Research and development expenses for the third quarter of 2021 were CNY 15,936,624.00, significantly higher than CNY 317,794.46 in the same quarter of 2020[33] Other Financial Metrics - The weighted average return on equity was 1.79%, an increase of 0.33 percentage points compared to the previous year[10] - The company reported an investment income of 142.22 million RMB, attributed to hedging activities to mitigate price fluctuation risks[17] - The fair value change income reached 210.64 million RMB, reflecting gains from hedging activities during the reporting period[17] - The company recorded a credit impairment loss of -841.97 million RMB due to increased provisions for accounts receivable[17] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 51,258, with the largest shareholder holding 56.50% of the shares[17] Strategic Developments - The company has not disclosed any significant new strategies or market expansions during this reporting period[22]

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 2,495,754,445.76, representing a year-on-year increase of 0.56% compared to CNY 2,481,844,645.56 in the same period last year[21]. - The net profit attributable to shareholders of the listed company was a loss of CNY 49,845,864.06, a decrease of 808.62% compared to a profit of CNY 7,034,172.10 in the same period last year[21]. - The net cash flow from operating activities was a negative CNY 519,037,372.65, a significant decrease of 1,337.11% compared to CNY 41,955,789.95 in the same period last year[21]. - Basic earnings per share for the first half of 2021 were CNY -0.0784, a decrease of 806.31% compared to CNY 0.0111 in the same period last year[22]. - The total comprehensive income for the first half of 2021 was -49,845,864.06 CNY, compared to 7,034,172.10 CNY in the same period of 2020, indicating a significant decline[136]. - The company reported a significant increase in prepaid expenses to CNY 52,427,073.73 from CNY 37,349,987.80, which is an increase of about 40%[122]. - The total cash and cash equivalents at the end of the period were 93,715,695.77 RMB, down from 166,071,868.69 RMB, reflecting a decrease in liquidity[147]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 2,908,402,310.64, an increase of 6.70% from CNY 2,725,868,686.17 at the end of the previous year[21]. - Total liabilities reached CNY 1,208,710,901.29, compared to CNY 952,102,412.09, which is an increase of around 27%[124]. - Current assets totaled CNY 1,095,056,379.99, up from CNY 883,076,329.95, representing an increase of about 24%[122]. - Short-term borrowings increased by 223.53% to 550 million RMB, reflecting a rise in business volume and working capital needs[42]. - The total current liabilities amounted to CNY 1,052,797,336.29, up from CNY 795,945,023.41, indicating an increase of approximately 32.3%[122]. Operational Challenges - The decrease in operating revenue was primarily due to a reduction in self-produced gold sales, which was offset by an increase in other business income from the sale of gold-containing zinc concentrate[21]. - The decline in net profit was mainly attributed to the suspension of operations and maintenance at several key mines, leading to a decrease in self-produced gold output and sales[21]. - The company faces significant risks including policy changes that may impact mining rights and increase operational costs due to new environmental taxes and resource taxes[50]. - Gold prices are the primary source of revenue and profit for the company, with fluctuations potentially leading to uncertainty in operational performance and profitability[50]. - The company has a small resource reserve and faces challenges in exploration and resource development, necessitating increased geological exploration efforts[50]. Research and Development - Research and development expenses surged by 12,485.95% to 6,036,781.54 CNY from 47,964.46 CNY in the previous year[36]. - Research and development expenses for the first half of 2021 were ¥6,036,781.54, significantly higher than ¥47,964.46 in the same period of 2020, indicating a focus on innovation[134]. Environmental and Safety Management - The company has not experienced any environmental incidents from January 1 to June 30, 2021, and all subsidiaries complied with national and local environmental discharge standards[64]. - The company has implemented a comprehensive environmental monitoring plan, including third-party monitoring for wastewater and emissions[75]. - The company is committed to strict adherence to environmental protection laws and regulations, ensuring sustainable development[64]. - The company emphasizes safety management in mining operations to mitigate risks associated with accidents that could impact production and profitability[50]. Shareholder and Governance Matters - The company has approved a stock incentive plan to motivate employees and align their interests with shareholders[59]. - The company committed to distributing at least 30% of the annual distributable profits in cash for the first two years post-IPO, ensuring cumulative cash distributions over three years will not be less than 30% of the average annual distributable profits during that period[89]. - The company guarantees that it and its controlled entities will not engage in any business activities that directly compete with its main operations, ensuring the protection of minority shareholders' interests[92]. - The total number of ordinary shareholders reached 53,148 by the end of the reporting period[107]. Financial Management - The company reported an investment income of ¥7,085,593.35, a recovery from a loss of ¥29,154,708.32 in the previous year[134]. - Financial expenses decreased to ¥14,447,505.96 from ¥17,438,836.15, reflecting improved cost management[134]. - The company raised 1,329,000,000.00 RMB in loans, an increase from 980,000,000.00 RMB in the previous period, indicating a reliance on debt financing[147].

证券代码：601069 证券简称：西部黄金 编号： 2021-040 西部黄金股份有限公司 关于参加 2021 年新疆辖区上市公司 投资者网上集体接待日活动的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 为便于广大投资者更深入全面地了解西部黄金股份有限公司（以下简称"公 司"）情况、发展战略、经营状况、融资计划、股权激励、可持续发展等投资者 所关心的问题，公司定于2021年6月18日参加由新疆上市公司协会联合深圳市全 景网络有限公司组织开展的2021年新疆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： 本次集体接待日活动将在深圳市全景网络有限公司提供的网上平台，采取网 络远程的方式举行，投资者可以登录全景网"投资者关系互动平台"网站 （http://ir.p5w.net/）或关注微信公众号：全景财经（微信号：p5w2012）， 参与公司本次投资者集体接待日活动，活动时间为2021年6月18日（星期五）下 午15:00-17:30。 出席本次集体接待日活动的人员有：公司总经理刘俊，董事会秘书、财务总 ...