公司代码：601958 公司简称：金钼股份 金堆城钼业股份有限公司 2020 年年度报告 金堆城钼业股份有限公司 2020 年年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真实、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。 二、 未出席董事情况 未出席董事职务 未出席董事姓名 未出席董事的原因说明 被委托人姓名 董事 马健诚 工作原因 马祥志 三、 大信会计师事务所为本公司出具了标准无保留意见的审计报告。 四、 公司负责人程方方、主管会计工作负责人李辉及会计机构负责人（会计主管人员）王镇声明： 保证年度报告中财务报告的真实、准确、完整。 五、 经董事会审议的报告期利润分配预案或公积金转增股本预案 经2021年4月8日召开的公司第四届董事会第22次会议审议通过，以2020年12月31日总股本 3,226,604,400股为基数，向全体股东每10股派发现金股利2.50元（含税）,共计派发现金股利 80,665.11万元，其余未分配利润11,171.31万元待以后年度分配。该分配方案尚需提交2020年年 度股东大会审议批准。 六、 前瞻 ...

Financial Performance - The company's operating revenue for 2019 was CNY 9,151,479,191.07, representing a 4.25% increase compared to CNY 8,778,435,930.03 in 2018[22]. - The net profit attributable to shareholders for 2019 was CNY 568,927,501.46, a significant increase of 49.18% from CNY 381,362,334.15 in 2018[22]. - The cash flow from operating activities for 2019 reached CNY 1,464,775,179.08, marking a substantial increase of 264.38% compared to CNY 401,986,453.07 in 2018[22]. - The total profit for the year was CNY 785.35 million, an increase of CNY 179.20 million, or 29.56% year-on-year[35]. - The company reported a net profit of CNY 548,599,509.40 after deducting non-recurring gains and losses, which is a 56.93% increase from CNY 349,572,866.45 in 2018[22]. - The basic earnings per share for 2019 was CNY 0.18, reflecting a 50.00% increase from CNY 0.12 in 2018[23]. - The weighted average return on equity for 2019 was 4.33%, an increase of 1.37 percentage points from 2.96% in 2018[23]. - The total operating revenue for 2019 was approximately CNY 3.83 billion, a decrease of 7.2% compared to CNY 4.13 billion in 2018[189]. - The net profit for 2019 reached CNY 648.82 million, representing an increase of 42% from CNY 457.27 million in 2018[190]. - The total comprehensive income for 2019 was CNY 649.30 million, compared to CNY 457.93 million in 2018, showing a strong performance[187]. Market Position and Shareholder Information - The company's market share reached 11% globally and 26% domestically, with domestic market share of furnace materials increasing by 4% year-on-year[35]. - The company has 87,510 common stock shareholders as of the end of the reporting period, down from 91,885 at the end of the previous month[125]. - The largest shareholder, Jinduicheng Molybdenum Group Co., Ltd., holds 2,419,450,040 shares, representing 74.98% of the total shares[128]. - Hong Kong Central Clearing Limited increased its holdings by 85,827,577 shares, totaling 95,009,520 shares, which is 2.94% of the total[128]. - The company has a stable shareholder structure with no significant changes reported in the top ten shareholders[128]. Operational Efficiency and Costs - Operating costs amounted to CNY 7.36 billion, reflecting a year-on-year increase of 2.75%[41]. - The total cost of raw materials decreased by 4.38% to CNY 311,653,985.50, with transportation costs down by 28.07%[64]. - The gross profit margin for molybdenum mining and smelting increased by 0.72 percentage points to 36.43%[44]. - The gross profit margin for molybdenum chemical products increased by 17.6% year-on-year, reaching 44.02%[63]. - The company reported a decrease in operating costs to CNY 2.85 billion, down from CNY 3.09 billion in 2018, reflecting a cost reduction strategy[189]. Research and Development - Research and development expenses rose to CNY 204.84 million, an increase of 23.36% year-on-year[40]. - The number of R&D personnel accounted for 13.30% of the total workforce, totaling 713 employees[53]. - The company reported a research and development expense of ¥47,213,227.02 for the reporting period[87]. - The company has invested 200 million RMB in R&D for new technologies aimed at improving production efficiency by 30%[138]. Environmental and Social Responsibility - The company is committed to fulfilling its social responsibility and enhancing its social image through sustainable development initiatives[111]. - In 2019, the company completed 113 out of 126 planned environmental protection projects, with an investment of CNY 230 million[116]. - The company achieved a 60% reduction in sulfur dioxide and particulate emissions compared to 2018, and an 80% reduction compared to 2017[117]. - The company invested nearly CNY 50 million in ecological restoration of over 1,000 acres of land around tailings ponds and open-pit mining areas[119]. - The company invested a total of 11.23 million RMB in poverty alleviation projects, helping 42 households to escape poverty[107]. Risks and Challenges - The company faces risks related to price fluctuations in the molybdenum market, which could significantly impact operational performance[9]. - The ongoing COVID-19 pandemic poses risks to current operations, despite various economic recovery measures being implemented globally[76]. - The company anticipates increased market uncertainty in 2020 due to global economic slowdowns and trade protectionism, leading to intensified competition and downward pressure on prices[71]. Future Outlook and Strategy - The company plans to achieve a revenue of 7.5 billion RMB in 2020, with a year-on-year growth of over 10% in molybdenum product sales[73]. - The company aims to enhance its competitive edge by focusing on high-quality development in the molybdenum industry and implementing a vertical integration strategy[73]. - The company is focused on expanding its market share by developing new products and customers, leveraging internal order marketization[73]. - The management team emphasized a focus on sustainability and reducing carbon emissions by 20% over the next five years[138].

Financial Performance - Operating revenue for the first nine months was CNY 6,722,806,355.38, an increase of 3.71% year-on-year[5] - Net profit attributable to shareholders was CNY 446,387,652.75, representing a significant increase of 96.71% compared to the same period last year[5] - Basic earnings per share increased to CNY 0.138, up 97.14% from CNY 0.070 in the previous year[5] - The weighted average return on equity rose to 3.30%, an increase of 1.53 percentage points compared to the previous year[5] - The company reported a gross profit margin of approximately 12.8% for Q3 2019, compared to 10.5% in Q3 2018[25] - Net profit for Q3 2019 reached CNY 204,136,582.21, an increase of 105.5% compared to CNY 99,386,422.75 in Q3 2018[25] - The company reported a total operating profit of CNY 122,959,367.49 for Q3 2019, compared to CNY 45,321,345.84 in Q3 2018, marking a growth of 171.5%[28] - The total comprehensive income attributable to the parent company for Q3 2019 was CNY 174,510,119.24, compared to CNY 78,796,276.39 in Q3 2018, an increase of 121.5%[26] Cash Flow - The net cash flow from operating activities for the first nine months was CNY 862,239,535.36, a turnaround from a negative cash flow of CNY -411,615,347.09 in the same period last year[5] - The net cash flow from operating activities improved to 862.24 million RMB, a substantial increase compared to a negative cash flow of 411.62 million RMB in the previous year[13] - Cash flow from operating activities for the first three quarters of 2019 was CNY 6,659,395,547.34, up from CNY 5,375,983,933.84 in the same period of 2018, indicating a growth of 23.8%[30] - The net cash flow from operating activities for the third quarter of 2019 was ¥862,239,535.36, a significant improvement compared to a net outflow of ¥411,615,347.09 in the same period of 2018[31] - Total cash inflow from operating activities reached ¥2,647,040,918.26, up from ¥1,456,072,027.42 in the previous year, indicating a growth of approximately 81.9%[33] - The cash outflow for purchasing goods and services was ¥419,866,034.25, a decrease from ¥940,423,450.11 in the prior year, reflecting a reduction of about 55.3%[33] Assets and Liabilities - Total assets at the end of the reporting period were CNY 15,361,417,047.42, a decrease of 1.42% compared to the end of the previous year[5] - Total current assets decreased to 5.32 billion RMB from 5.77 billion RMB, primarily due to a reduction in receivables and inventory[18] - Long-term borrowings decreased significantly by 99.96% to 200,000 RMB, indicating a reduction in debt levels[10] - The company reported a decrease in investment income by 94.97% to 1.63 million RMB, attributed to a reduction in bank wealth management products[12] - Total liabilities decreased to ¥1,753,584,966.04 from ¥2,223,000,987.05, a decline of approximately 21.09%[20] - Current liabilities rose to ¥1,148,235,683.24 compared to ¥1,098,644,974.22, an increase of approximately 4.53%[19] - Owner's equity increased to ¥13,607,832,081.38 from ¥13,360,297,867.50, representing a growth of about 1.85%[20] Research and Development - Research and development expenses rose significantly by 363.83% to 161.22 million RMB, reflecting increased investment in R&D[11] - R&D expenses for Q3 2019 amounted to CNY 88,482,663.29, significantly higher than CNY 11,240,992.55 in Q3 2018, reflecting a focus on innovation[24] - Research and development expenses for Q3 2019 were CNY 73,275,853.53, a substantial increase from CNY 10,001,796.13 in Q3 2018, reflecting a growth of 632.8%[27] Market Outlook - The company anticipates that the molybdenum market prices will be higher than the previous year, suggesting a positive outlook for the fourth quarter[15] - The company has committed to avoiding any competitive activities that may conflict with its main business, ensuring a focus on core operations[14]

Financial Performance - The company's operating revenue for the first half of 2019 was CNY 4,537,006,487.51, representing an increase of 8.15% compared to the same period last year[16]. - The net profit attributable to shareholders for the same period was CNY 272,422,880.22, which is an increase of 83.43% year-on-year[16]. - The net profit after deducting non-recurring gains and losses reached CNY 256,318,434.92, up 109.42% from the previous year[16]. - The basic earnings per share for the first half of 2019 was CNY 0.084, an increase of 82.61% compared to CNY 0.046 in the same period last year[17]. - The total profit reached RMB 39,741,630, representing a year-on-year increase of 76.32%[22]. - The company reported a significant decrease of 84.82% in non-current liabilities due within one year, totaling ¥17,000,000[25]. - The company reported a total comprehensive income of CNY 169,594,685.57 for the first half of 2019, compared to CNY 179,323,049.65 in the same period of 2018[83]. Cash Flow and Investments - The company reported a net cash flow from operating activities of CNY 249,017,016.07, a significant recovery from a negative cash flow in the previous year[16]. - The company’s investment activities generated a net cash flow of RMB 218,910,108.97, a decrease of 85.16% compared to the previous year[23]. - Cash inflow from investment activities totaled CNY 617,843,532.70, down from CNY 1,689,947,658.54 in the first half of 2018[85]. - The company reported a net increase in cash and cash equivalents of ¥519,658,178.26 for the first half of 2019, compared to an increase of ¥735,108,117.43 in the same period of 2018[88]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 15,993,133,938.32, reflecting a 2.63% increase from the end of the previous year[16]. - The total liabilities as of the end of the reporting period were CNY 1,165,790,807.18, compared to CNY 1,111,550,882.80 at the end of the previous year, showing an increase of 4.87%[79]. - The total equity attributable to shareholders increased to CNY 13.32 billion, up from CNY 13.03 billion, representing a growth of about 2.23%[75]. - The total current liability of approximately ¥5.94 billion is a critical metric for assessing liquidity[73]. Market and Industry - The company operates in a cyclical market, with its main products being molybdenum materials, which are closely tied to macroeconomic trends[6]. - The average price of molybdenum in the domestic market rose by 3.96%, with ferromolybdenum averaging RMB 115,400 per ton[20]. - The company’s main products are used across various industries, indicating a broad market exposure and potential for revenue fluctuations[32]. Research and Development - Research and development expenses increased significantly by 209.3% to RMB 72,742,172.59, reflecting a strong commitment to innovation[23]. - The company has established a new market-oriented production and sales mechanism, enhancing operational efficiency[22]. Shareholder Information - The company plans to distribute a cash dividend of CNY 0.40 per 10 shares, totaling CNY 12,906.42 million, subject to shareholder approval[4]. - The total number of common shareholders reached 95,430 by the end of the reporting period[64]. - The largest shareholder, Jinduicheng Molybdenum Group Co., Ltd., holds 74.98% of the shares, totaling 241,945,000 shares[65]. Environmental and Social Responsibility - The company has implemented targeted poverty alleviation measures, focusing on enhancing the internal motivation of impoverished communities and encouraging entrepreneurship and employment[47]. - The company reported no exceedance of pollution discharge limits across all monitored pollutants, including particulate matter, SO2, and COD, with specific concentrations such as 6.2 mg/m³ for particulate matter and 22 mg/L for COD[53]. - The company has successfully passed environmental assessments for nine projects, including the Wangjiaping tailings pond and the East Ditch molybdenum mining project, complying with national environmental regulations[55]. Accounting and Financial Reporting - The company adheres to the accounting standards for enterprises, ensuring the financial statements reflect true and complete information[102]. - The company has not reported any significant changes in accounting policies or errors that require restatement for the reporting period[63]. - The company recognizes expected credit losses based on a simplified approach for receivables arising from transactions governed by revenue recognition standards[118].