Financial Performance - Revenue for 2013 reached ¥25.27 billion, a 27.45% increase compared to ¥19.83 billion in 2012[24] - Net profit attributable to shareholders was ¥349.82 million, a significant increase of 722.59% from ¥42.53 million in 2012[24] - Basic earnings per share rose to ¥0.15, reflecting a 650% increase from ¥0.02 in 2012[25] - Cash flow from operating activities improved to ¥1.65 billion, a 15.12% increase from ¥1.44 billion in 2012[24] - Total assets increased by 7.78% to ¥28.18 billion from ¥26.15 billion in 2012[24] - The company reported a net asset return of 3.09%, up from 0.37% in 2012, marking an increase of 2.72 percentage points[25] - The company achieved an operating income of 25.33 billion RMB in 2013, a 27% increase compared to the previous year[35] - The net profit attributable to shareholders reached 3.50 billion RMB, marking a 723% increase year-on-year[35] Cash Flow and Financing - Cash flow from operating activities increased by 217.22 million yuan, a 15% rise compared to the previous year[49] - Net cash flow from financing activities increased by 2.03 billion yuan, a 304% increase, mainly due to a significant net increase in loans[49] - The company’s cash flow from financing activities increased by 303.67% compared to the previous year, indicating strong capital management[38] - The company reported a net cash inflow from financing activities of CNY 1,360,132,669 in 2013, compared to a net outflow of CNY 667,806,252 in 2012, indicating a significant improvement in financing activities[179] Dividend and Profit Distribution - The company plans to distribute a cash dividend of 0.5 RMB per 10 shares to all shareholders, based on a total share capital of 2,383,000,000 shares at the end of 2013[7] - The company reported a net profit attributable to shareholders of 349,817,219 RMB for 2013, with a cash dividend distribution of 119,150,000 RMB, representing 34.06% of the net profit[76] - The company did not propose a cash dividend distribution plan despite having positive undistributed profits, indicating a focus on reinvestment or other uses of profits[75] - The company’s profit distribution plan for the past three years shows a significant increase in cash dividends from 238,300,000 RMB in 2012 to 119,150,000 RMB in 2013, despite a decrease in the dividend per share[76] Operational Performance - The company successfully completed 24 out of 25 key operational tasks set at the beginning of the year, indicating strong operational performance[32] - The construction of key projects progressed as planned, with overall investment controlled within budget[32] - The production completion rates for key products were as follows: zinc concentrate at 105.92%, gold concentrate at 115.31%, and sulfur concentrate at 125.02%[34] - The company maintained a stable safety and environmental performance with no major incidents reported in 2013[32] Assets and Liabilities - Total assets increased to CNY 19,988,016,747 in 2013, up from CNY 18,251,861,880 in 2012, reflecting a growth of approximately 9.5% year-over-year[182] - The total liabilities rose to RMB 16,185,183,541 in 2013, compared to RMB 14,233,605,330 in 2012, marking an increase of 13.7%[164] - The company’s short-term borrowings increased to CNY 1,210,000,000 in 2013 from CNY 940,000,000 in 2012, reflecting a rise of 28.7%[185] Legal and Compliance - The company is involved in a legal dispute regarding a trade agreement with Huaxia Mining, seeking the return of paid funds and compensation due to a serious breach of contract[79] - The company has disclosed its social responsibility report and environmental report for 2013, indicating compliance with regulatory requirements[75] - The company has not reported any bankruptcy reorganization matters for the year[81] - The company’s legal and arbitration matters are ongoing, with no significant updates provided in the report[78] Governance and Management - The company’s governance structure is designed to ensure clear responsibilities and effective checks and balances among its various bodies[134] - The board of directors consists of 9 members, including 4 independent directors, and held 6 meetings during the reporting period to ensure scientific and standardized decision-making[136] - The company has established a system for insider information management to ensure fair disclosure and protect investor interests[137] - The company’s independent directors did not raise any objections to the board's proposals during the reporting period[140] Employee and Training - The number of employees in the parent company is 2,708, while the total number of employees in major subsidiaries is 3,344, resulting in a combined total of 6,052 employees[125] - The training coverage rate for employees reached over 85%, with a satisfaction rate of 92% regarding the training programs[128] - The company has established a salary system with 25 salary levels and 154 salary grades, ensuring that employee compensation is closely linked to individual performance and company results[127] Risks and Challenges - The company faces risks from price fluctuations of its main products, including zinc, lead, and copper, which are influenced by global economic conditions[72] - The company acknowledges the existence of non-operating fund occupation by controlling shareholders and their related parties[9] - The total amount of non-operating funds occupied by controlling shareholders and related parties at the end of the reporting period was 1,320,923,213 RMB, with 482,635,872 RMB at the beginning of the period[81]