2023 年第一季度报告 单位：元 币种：人民币 证券代码：601212 证券简称：白银有色 白银有色集团股份有限公司 2023 年第一季度报告 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法律责任。 重要内容提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存 在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务信息 的真实、准确、完整。 第一季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 | --- | --- | --- | |-----------------------------------------------|-------------------|---------------------------------------| | 项目 | 本报告期 | 本报告期比上年同期增减 \n变动幅度 (%) | | 营业收入 | 21,007,201,943 ...

Financial Performance - The company's operating revenue for Q3 2022 was approximately ¥20.59 billion, representing an increase of 8.89% year-over-year[4]. - The net profit attributable to shareholders for Q3 2022 was a loss of approximately ¥327.15 million, a decrease of 464.03% compared to the same period last year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of approximately ¥346.99 million, a decrease of 398.86% year-over-year[4]. - Operating profit for Q3 2022 was CNY 751.40 million, down from CNY 1.01 billion in Q3 2021, indicating a decline of about 25.7%[23]. - Net profit for Q3 2022 was CNY 203.05 million, compared to CNY 427.93 million in Q3 2021, reflecting a decrease of approximately 52.5%[23]. - The total profit for the period was 738 million yuan, with a net profit of 203 million yuan, while the net profit attributable to shareholders was -276 million yuan due to inventory impairment and foreign exchange losses[16]. Assets and Liabilities - The total assets at the end of Q3 2022 were approximately ¥47.75 billion, an increase of 4.59% compared to the end of the previous year[5]. - Total liabilities as of Q3 2022 amounted to CNY 30.05 billion, an increase from CNY 28.86 billion in the previous year, marking a growth of about 4.1%[21]. - The company's total equity reached CNY 17.70 billion in Q3 2022, up from CNY 16.78 billion in Q3 2021, representing an increase of approximately 5.5%[21]. - The company's cash and cash equivalents were approximately 4.95 billion yuan, down from 5.08 billion yuan at the end of 2021[18]. - The company has a total of 27.15 billion yuan in current assets as of September 30, 2022, compared to 25.15 billion yuan in the previous year[19]. Cash Flow - The company reported a cash flow from operating activities of approximately ¥776.61 million for the year-to-date, a decrease of 14.88% compared to the previous year[5]. - The net cash flow from operating activities was CNY 776,612,056.49, down from CNY 912,343,158.63 in the previous year[25]. - The net cash flow from investing activities was CNY 973,721,152.06, a decrease from CNY 1,093,439,858.83 year-on-year[26]. - The net cash flow from financing activities was CNY -2,122,479,191.33, compared to CNY -844,648,950.68 in the same period last year[26]. - The company received CNY 243,033,224.28 in tax refunds, significantly higher than CNY 3,697,509.60 in the same period last year[25]. Production and Inventory - The total production of copper, zinc, and lead products reached 488,000 tons, a year-on-year increase of 15.18%[16]. - The production of cathode copper was 194,200 tons, up 40.22% year-on-year[16]. - The inventory value increased to approximately 14.07 billion yuan from 11.97 billion yuan year-on-year[19]. - The company recognized an inventory impairment of approximately ¥359 million and a foreign exchange loss of approximately ¥392 million due to the appreciation of the US dollar[5]. - The company reported a significant increase in gold production to 7,234 kg, a 37.91% increase year-on-year[16]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 146,693[12]. - The top shareholder, CITIC Guoan Group, holds 2.25 billion shares, representing 30.39% of the total shares[12]. Research and Development - Research and development expenses for the first three quarters of 2022 were CNY 44.23 million, an increase from CNY 38.06 million in the same period of 2021, showing a growth of about 16.3%[22]. Comprehensive Income - The company's other comprehensive income after tax for Q3 2022 was CNY 1.19 billion, a significant recovery from a loss of CNY 372.74 million in Q3 2021[23]. - The total comprehensive income for the period reached CNY 1,389,172,445.53, an increase of 55,188,842.65 compared to the previous period[24].

Financial Performance - In 2021, the company achieved a net profit attributable to shareholders of 81.74 million yuan, representing a 12.02% increase compared to 2020[20]. - The company's operating revenue for 2021 was approximately 72.28 billion yuan, an increase of 17.68% from 2020[20]. - The net cash flow from operating activities decreased by 32.19% to approximately 1.48 billion yuan in 2021[21]. - The total assets of the company at the end of 2021 were approximately 45.65 billion yuan, a decrease of 1.83% from the end of 2020[21]. - The net assets attributable to shareholders decreased by 6.71% to approximately 14.23 billion yuan at the end of 2021[21]. - Basic earnings per share increased by 10% to CNY 0.011 in 2021 compared to CNY 0.01 in 2020[22]. - The weighted average return on equity rose to 0.53% in 2021 from 0.5% in 2020, reflecting a slight improvement[22]. - The company reported a total revenue of CNY 20,375,459,050 in Q4 2021, marking a significant increase from previous quarters[24]. - The net profit attributable to shareholders in Q3 2021 was CNY 89,869,828, a recovery from a loss of CNY 71,688,958 in Q2 2021[24]. - The company reported a significant increase in revenue from other sectors, with a growth rate of 210.34%[77]. Profit Distribution - The company plans to distribute profits amounting to approximately 25.18 million yuan, which is 30.80% of the net profit attributable to shareholders for the year[4]. - The profit distribution plan is subject to approval at the company's shareholders' meeting[4]. - The company distributed a cash dividend of 0.03 yuan per 10 shares, totaling 22,214,323.53 yuan, which represents 30.44% of the net profit attributable to the parent company for the year[179]. - The cash dividend policy stipulates that at least 10% of the distributable profit for the year must be distributed in cash[179]. - The company’s profit distribution policy emphasizes reasonable returns to investors while ensuring sustainable development[177]. Production and Operations - The company's production of copper, lead, zinc, and molybdenum metals reached 242,000 tons in 2021, an increase of 49,600 tons or 25.78% year-on-year[33]. - The smelting system produced a total of 570,300 tons of copper, lead, and zinc products, up by 20,200 tons or 3.67% compared to the previous year[34]. - The production of cathode copper was 186,100 tons, an increase of 2,800 tons or 1.5% year-on-year[34]. - The company achieved an increase in lead production by 43,000 tons or 28.5% year-on-year due to an increase in the number of electrolytic lead slots[34]. - The total output of refined copper, lead, zinc, and molybdenum metals reached 242,000 tons, with refined copper at 48,300 tons, zinc at 172,500 tons, lead at 21,000 tons, and molybdenum at 216 tons[69]. Research and Development - In 2021, the company undertook 67 key technology research and development projects, resulting in 19 various technology awards[37]. - Research and development expenses surged by 106.13% to ¥62.71 million, reflecting the company's commitment to innovation[71]. - The company has applied for 217 patents in 2021, with 92 being invention patents, accounting for 42.4% of the total[54]. - The company is focused on enhancing innovation capabilities and establishing a stable growth mechanism for R&D investment[126]. Environmental Responsibility - The company paid an environmental tax of 3.221 million yuan in 2021, in compliance with local regulations[40]. - The company actively manages environmental responsibilities, implementing a tiered supervision and clear accountability system for pollution control[189]. - The company has implemented a green and low-carbon sustainable development model, integrating environmental safety with stable production[189]. - The company has established a comprehensive environmental management system to address environmental risks and enhance pollution control measures[189]. Market and Competitive Position - The company ranked 333rd among the top 500 manufacturing enterprises in China and 22nd among the top 50 non-ferrous metal companies by revenue[48]. - The company's market share in domestic copper, lead, and zinc reached 2.6%, 0.3%, and 4.3% respectively, indicating strong competitive positioning[64]. - The average price of LME-3M copper in 2021 was $9,293.5 per ton, a 50% increase compared to the average price in 2020[46]. - The average price of LME-3M zinc in 2021 was $3,005.9 per ton, reflecting a year-on-year increase of 31.90%[46]. Strategic Initiatives - The company plans to expand its market presence and invest in new technologies to enhance operational efficiency[106]. - The company aims to utilize risk hedging tools such as futures and options to mitigate the adverse effects of price fluctuations on its operational goals[131]. - The company is committed to green manufacturing in response to increasing environmental pressures and national carbon neutrality goals, focusing on energy-saving and environmentally friendly technologies[130]. - The company plans to enhance its procurement strategy by increasing the proportion of domestic and foreign mining purchases and signing long-term strategic cooperation agreements to ensure stable supply[131]. Governance and Management - The company has established a comprehensive corporate governance structure in compliance with relevant laws and regulations, ensuring effective decision-making and oversight[134]. - The company emphasizes investor relations by maintaining communication through various channels to enhance understanding and protect shareholder rights[136]. - The company has undergone several changes in its board and supervisory committee, indicating a focus on governance and leadership stability[159]. - The company held four temporary shareholder meetings in 2021, with key proposals including the approval of the 2021 annual guarantee plan and the "14th Five-Year" development plan[137][138]. Employee Engagement and Compensation - The company reported a total of 14,853 employees, with 8,664 in the parent company and 6,189 in major subsidiaries[172]. - The employee composition includes 10,952 production personnel, 1,321 technical personnel, and 2,250 administrative personnel[172]. - The total compensation for the company's executives amounted to 746.87 million, with a significant portion of 68.92 million allocated for performance bonuses[142]. - The company has seen a consistent increase in employee engagement, with a notable 4.91 million in employee-related expenses[142].

Financial Performance - The company achieved a net profit attributable to the parent company of 81.7405 million yuan in 2021, with a proposed profit distribution of 0.034 yuan per share, totaling approximately 25.1762 million yuan, representing 30.80% of the annual net profit[2]. - The company's operating revenue for 2021 was RMB 72,279,980,189.03, representing a 17.68% increase compared to RMB 61,422,700,839.27 in 2020[12]. - The net profit attributable to shareholders for 2021 was RMB 81,740,501.90, a 12.02% increase from RMB 72,966,530.06 in 2020[12]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 21,769,357.75, compared to a loss of RMB 32,337,286.20 in 2020, indicating a significant recovery[12]. - The total assets at the end of 2021 were RMB 45,649,608,177.34, a decrease of 1.83% from RMB 46,500,874,193.54 at the end of 2020[14]. - The basic earnings per share for 2021 was RMB 0.011, reflecting a 10.00% increase from RMB 0.01 in 2020[15]. - The weighted average return on equity for 2021 was 0.53%, slightly up from 0.5% in 2020[15]. - The total operating cost for 2021 was approximately ¥69.14 billion, reflecting a 17.19% increase from ¥58.99 billion in the previous year[48]. - The company reported a significant increase in sales volume of zinc and sulfuric acid, contributing to the rise in operating revenue[48]. Production and Operations - The company produced 242,000 tons of metal concentrate in 2021, an increase of 49,600 tons or 25.78% year-on-year[24]. - The smelting system produced a total of 570,300 tons of copper, lead, and zinc products, up by 20,200 tons or 3.67% compared to the previous year[24]. - The company achieved a production of 186,100 tons of cathode copper, an increase of 2,800 tons or 1.5% year-on-year[24]. - The company produced a total of 24.2 million tons of metal, including 48,300 tons of copper, 172,500 tons of zinc, 21,000 tons of lead, and 216 tons of molybdenum in 2021[47]. - The company has established a production capacity of 6.8 million tons per year for copper, zinc, and iron at its subsidiary in Peru[40]. - The company has a production capacity of 200,000 tons of copper, 400,000 tons of lead and zinc, 15 tons of gold, and 500 tons of silver annually, showcasing its unique advantage in multi-variety non-ferrous metal production[40]. Research and Development - In 2021, the company undertook 67 key technology research and development projects, receiving 19 various technology awards[26]. - The company applied for 217 patents in 2021, with 92 being invention patents, accounting for 42.4% of the total[38]. - Research and development expenses surged by 106.13% to approximately ¥62.71 million, compared to ¥30.42 million in the previous year[48]. - The company has a total of 869 R&D personnel, accounting for 5.82% of the total workforce[65]. - The company is investing 100 million CNY in research and development for new technologies over the next two years[105]. Environmental Responsibility - The company reported a total pollutant discharge of 5.6647 tons for COD, which is below the annual limit of 40 tons[134]. - The company has established a comprehensive environmental management system to enhance pollution control and ensure compliance with national standards[133]. - The third smelting plant has achieved 100% recycling of wastewater, demonstrating a commitment to sustainable practices[133]. - The company has implemented a total of 186 sets of industrial waste gas pollution prevention facilities and 30 sets of industrial wastewater treatment facilities[141]. - The company has actively implemented pollution control measures and continuously monitored the operation of pollution prevention facilities[141]. Corporate Governance - The company has confirmed that there are no non-operating fund occupations by controlling shareholders and their related parties[2]. - The company has not violated regulatory decision-making procedures for providing guarantees[2]. - The company’s financial report has been audited by Yongtuo Accounting Firm, which issued a standard unqualified audit opinion[2]. - The company has established a management system for insider information to ensure compliance and confidentiality[92]. - The company has a structured approach to risk management, including measures to address potential conflicts of interest with controlling shareholders[93]. Market and Industry Outlook - The company anticipates a stable overall economic environment in China, with improvements in terminal consumption and fixed asset investment expected to support the non-ferrous metal industry[84]. - The company projects that copper prices will maintain a high and wide fluctuation trend due to sufficient supply and recovering global consumption[84]. - The company expects zinc prices to exhibit a high-level fluctuation pattern, influenced by tight supply and recovering domestic consumption[84]. - The company is facing significant downward pressure in the industry, despite a stable domestic economic outlook[84]. - The company is focusing on innovation-led high-quality development, emphasizing traditional industry upgrades and enhancing core competitiveness[85]. Employee and Community Engagement - The company invested 2.6645 million yuan to assist 933 disadvantaged employees and conducted health checks for 4,439 special position employees[33]. - The company donated CNY 8.63 million to support local disaster recovery and social charity initiatives, including CNY 6 million for post-disaster reconstruction in Cheng County[154]. - The company organized 169 personnel from 45 support units to assist 830 households, providing nearly CNY 100,000 in winter supplies[156]. - The company has engaged in community support activities, including voluntary blood donations from 1,052 employees across 18 subsidiaries[154]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period is 169,979, an increase from 157,352 at the end of the previous month[190]. - There were no changes in the total number of shares or share capital structure during the reporting period[188]. - Citic Guoan Group holds 2,250,000,000 shares, accounting for 30.39% of the total share capital, making it the largest single shareholder[196]. - The company does not have an actual controller, as no single party can exert control over the company[199]. - The top ten shareholders do not have any repurchase accounts or voting rights delegation arrangements[194].

Financial Performance - The company achieved a net profit attributable to the parent company of 72.97 million yuan in 2020, with a proposed profit distribution of 0.03 yuan per 10 shares, totaling 22,214,323.53 yuan, representing 30.44% of the net profit[3]. - The company's operating revenue for 2020 was approximately ¥61.42 billion, a decrease of 0.45% compared to 2019[15]. - The net profit attributable to shareholders for 2020 was approximately ¥72.97 million, representing a 25.71% increase from the previous year[15]. - The net cash flow from operating activities for 2020 was approximately ¥2.18 billion, down 13.24% from 2019[15]. - The total assets at the end of 2020 were approximately ¥46.50 billion, a decrease of 4.22% compared to the end of 2019[15]. - The basic earnings per share for 2020 was ¥0.010, an increase of 25.00% from 2019[16]. - The weighted average return on equity for 2020 was 0.50%, an increase of 0.02 percentage points from 2019[16]. - The consolidated operating revenue for 2020 was RMB 61,422,700,839.27, a decrease of 0.45% compared to RMB 61,700,280,812.11 in 2019[49]. - The company reported a net profit of approximately 4.82 billion, an 85.89% increase compared to the previous year, due to the sale of part of its equity in a subsidiary[65]. Risk Management - The company has disclosed potential risks in the "Discussion and Analysis of Operating Conditions" section of the report[5]. - The company has established a risk management system and implemented 30 new internal control regulations in 2020[44]. - The company faces significant market environment risks due to the cyclical nature of the non-ferrous metals industry, which is closely tied to macroeconomic conditions, with global economic growth slowing down in 2020[85]. - The company anticipates increased investment costs and reduced profits due to intensified competition and industry policy risks, as leading enterprises accelerate resource integration[85]. - Legal risks are present, particularly related to litigation and arbitration, necessitating careful management of legal contracts and potential issues[85]. - Environmental risks are heightened as the company aims to meet stricter environmental standards and carbon neutrality goals, which may impact production and profitability[85]. - The COVID-19 pandemic poses risks to the supply chain, particularly for copper concentrate imports from Kazakhstan and Mongolia, potentially affecting production and sales[86]. Corporate Governance - The company is committed to ensuring the accuracy and completeness of the annual report, with all board members present at the meeting[2]. - The audit report issued by Yongtuo Accounting Firm is a standard unqualified opinion[2]. - The company has not faced any situations where more than half of the directors cannot guarantee the authenticity, accuracy, and completeness of the annual report[4]. - The board of directors is responsible for formulating and approving profit distribution plans, which must consider the opinions of independent directors and minority shareholders[88]. - The company has committed to strict compliance with the approval procedures for any related party transactions[94]. - The company has established a commitment to not interfere with its operational management by major shareholders[93]. - The company has not reported any instances of funds being occupied or overdue receivables during the reporting period[95]. Environmental Responsibility - The company has established a comprehensive environmental management system to address pollution and enhance sustainability[126]. - The total emissions of COD from the wastewater treatment system were 5.8296 tons, with a concentration range of 0.12-58.21 mg/L, well below the limit of 60 mg/L[127]. - The total emissions of ammonia nitrogen were 0.8042 tons, with a concentration range of 0.03-7.73 mg/L, below the limit of 8 mg/L[127]. - The company has implemented pollution control measures that ensure continuous compliance with national and local environmental regulations[131]. - The company has established 24 comprehensive emergency response plans, including for key polluting units, ensuring rapid response to environmental incidents[135]. - The company received a total of 1 administrative penalty from environmental authorities in 2020, amounting to 122,000 yuan due to emissions violations at the Northwest Lead-Zinc Smelting Plant[137]. Research and Development - The company invested RMB 30,423,913.30 in R&D expenses in 2020, an increase of 106.80% compared to RMB 14,711,567.75 in 2019[49]. - In 2020, the company applied for 197 patents, with 96 being invention patents, accounting for 48.7% of the total[25]. - The company is investing heavily in R&D, with a budget allocation of 150 million for new technologies and product development[164]. Market Position and Strategy - The company primarily engages in the exploration, mining, smelting, processing, and trading of various non-ferrous and precious metals, including copper, lead, zinc, gold, and silver, covering the entire industry chain[23]. - The company has a market share of 1% in copper, 0.4% in lead, and 4.1% in zinc, with product quality widely recognized in the market[28]. - The company is leveraging regional advantages for domestic mineral procurement, ensuring price competitiveness and stable supply through long-term contracts with foreign mines[28]. - The company plans to continue adjusting its sales strategies based on market changes to capture opportunities and increase sales volume[52]. - The company aims to enhance its marketing strategies to expand market space and improve profitability[84]. Shareholder Relations - The company emphasizes a stable and continuous profit distribution policy, focusing on reasonable returns for investors while ensuring sustainable development[88]. - The cash dividend for 2020 was set at 0.03 RMB per 10 shares, based on 7,404,774,511 shares[90]. - The company has committed that major shareholders will not reduce their holdings by more than 10% of their total shares within 24 months after the lock-up period expires[93]. - The company has established a stock price stabilization plan that will be effective for three years post-IPO, including measures for share repurchase if the average trading price falls below the net asset value per share for 20 consecutive trading days[94]. Human Resources - The company has built a talent team of 7,087 people, with 44.4% being professional technical personnel, including 16 core technical staff[30]. - The company employs a total of 14,297 staff, with 8,415 in the parent company and 5,882 in major subsidiaries[178]. - The total remuneration payable to directors, supervisors, and senior management during the reporting period was 3.7566 million yuan[175]. Safety and Compliance - The company reported two general production safety accidents in 2020, resulting in 2 fatalities, with a government penalty of 200,000 yuan for each incident[105]. - The company has committed to strengthening safety risk analysis and improving emergency response plans following the accidents[106]. - The company has maintained effective communication with investors through various channels, enhancing investor understanding and protecting shareholder rights[184].