Financial Performance - Revenue for the third quarter reached ¥11,971,387,572.55, an increase of 58.99% year-over-year[2] - Net profit attributable to shareholders was ¥327,470,259.58, up 28.50% compared to the same period last year[2] - The net profit after deducting non-recurring gains and losses was ¥290,891,401.04, reflecting a 46.86% increase year-over-year[2] - Basic earnings per share increased to ¥0.09, a rise of 12.50% compared to the same period last year[2] - Operating income for the year-to-date period was ¥32,087,700,523.95, up 46.56% year-over-year[2] - Total operating revenue for the current period reached ¥32.12 billion, a 46.5% increase from ¥21.92 billion in the previous period[33] - Operating income was ¥32.09 billion, up from ¥21.89 billion, reflecting a growth of 46.5%[33] - Net profit for the current period was ¥1.03 billion, compared to ¥636.29 million in the previous period, marking a 60.9% increase[34] - Total comprehensive income for the current period was ¥875.73 million, compared to ¥583.95 million, indicating a growth of 50.0%[36] Assets and Liabilities - Total assets at the end of the reporting period were ¥26,915,674,944.34, representing a 10.54% increase from the end of the previous year[2] - The company's total assets reached approximately CNY 26.92 billion, an increase from CNY 24.35 billion as of December 31, 2020, representing a growth of about 10.6%[28][32] - The total current liabilities increased to CNY 6.99 billion from CNY 4.56 billion, marking a rise of about 53.5%[31][32] - Total liabilities were approximately $11.51 billion, reflecting a minor increase from $11.55 billion[46] - The total liabilities increased by approximately $41.45 million compared to previous reporting[48] Cash Flow - Cash flow from operating activities for the year-to-date period was ¥1,129,283,030.68, an increase of 16.06% year-over-year[2] - Cash inflow from operating activities totaled ¥34.26 billion, a significant increase from ¥23.04 billion in the previous period, reflecting a growth of 48.9%[40] - The net cash flow from operating activities was approximately $1.13 billion, an increase from $973 million in the previous period[41] - The net cash flow from investing activities was negative at approximately -$1.59 billion, improving from -$3.09 billion year-over-year[41] - Cash inflow from financing activities totaled approximately $3.09 billion, a decrease from $5.47 billion in the previous period[41] - The ending cash and cash equivalents balance was approximately $2.17 billion, down from $2.70 billion at the beginning of the period[42] Shareholder Information - The total number of common shareholders at the end of the reporting period was 161,178[14] - Guangdong Guangsheng Holding Group Co., Ltd. holds 26.90% of shares, totaling 981,890,359 shares, with 143,887,001 shares pledged[14] - Total equity attributable to the parent company's owners is approximately $12.20 billion[48] - The total equity of the company is approximately $12.84 billion[48] Investments and Acquisitions - The company completed the acquisition of a 17% stake in Guangxi Zhongjin Lingnan Mining Co., Ltd. for RMB 46.1374 million[21] - The company issued 38 million convertible bonds with a total fundraising amount of RMB 3.8 billion, net proceeds of RMB 3.78 billion after expenses[19] Expenses and Income - Research and development expenses increased to ¥227.55 million, up from ¥200.25 million, representing a growth of 13.6%[34] - The company’s total operating costs were ¥31.19 billion, up from ¥21.34 billion, reflecting a 46.0% increase[33] - The company’s financial expenses, including interest expenses, rose to ¥126.93 million from ¥117.26 million, an increase of 8.6%[34] - Income tax expenses increased by 116.20% year-on-year, attributed to a significant increase in profits[13] - Non-operating income decreased by 62.62% year-on-year, primarily due to a reduction in non-current asset impairment losses[13] - Non-operating expenses decreased by 44.72% year-on-year, mainly due to a decrease in non-current asset impairment losses[13] Other Information - The company reported a significant increase in trading financial assets, with a year-to-date increase of 47.17%[6] - The gain from asset disposal increased by 120.04% compared to the same period last year, mainly due to the increase in non-current asset disposal gains[13] - Minority interest profit increased by 232.66% year-on-year, mainly due to the profit increase of the controlling subsidiary[13] - The third quarter report has not been audited[49] - The company has implemented new leasing standards since 2021, affecting prior comparative data[48]

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 20,116,312,951.40, representing a 40.04% increase compared to CNY 14,364,464,739.56 in the same period last year[28]. - The net profit attributable to shareholders of the listed company reached CNY 662,648,985.77, up 78.67% from CNY 370,877,382.61 year-on-year[28]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 622,245,093.27, an increase of 57.52% compared to CNY 395,016,363.47 in the previous year[28]. - The basic earnings per share increased to CNY 0.19, a 90.00% rise from CNY 0.10 in the same period last year[28]. - The diluted earnings per share were CNY 0.15, reflecting a 50.00% increase from CNY 0.10 year-on-year[28]. - The weighted average return on equity rose to 5.29%, an increase of 1.94 percentage points compared to 3.35% in the previous year[28]. - Total assets at the end of the reporting period were CNY 26,009,106,725.98, a 6.82% increase from CNY 24,348,332,710.60 at the end of the previous year[28]. - The net assets attributable to shareholders of the listed company increased to CNY 12,543,483,893.17, up 2.79% from CNY 12,202,488,386.42 at the end of the previous year[28]. - The net cash flow from operating activities was CNY 839,512,375.82, showing a decrease of 6.71% compared to CNY 899,879,820.66 in the same period last year[28]. - The company achieved total revenue of CNY 20.13 billion, a year-on-year increase of 40.02%[66]. - The net profit attributable to the parent company was CNY 663 million, representing a year-on-year growth of 78.67%[66]. Production and Operations - The company achieved a production capacity of 300,000 tons of metal from lead and zinc mining and processing annually[40]. - The company produced 141,200 tons of lead and zinc metal in the first half of 2021, a decrease of 2.69% year-on-year[59]. - The company’s smelting enterprises produced 167,100 tons of lead and zinc products, an increase of 14.22% compared to the same period last year[59]. - The company produced 109,300 tons of sulfuric acid and 19,200 tons of sulfur in the first half of 2021[59]. - Revenue from lead, zinc, copper mining, smelting, and sales increased by 48.58% year-on-year, reaching ¥3,946,157,165.64, while operating costs rose by 55.80%[77]. - Revenue from non-ferrous metal trading increased by 41.63% year-on-year, totaling ¥15,500,805,337.17, with operating costs also increasing by 41.42%[77]. - Revenue from refined mineral products rose by 33.62% year-on-year, amounting to ¥1,379,631,752.81, driven by higher sales prices[78]. - Revenue from smelting products increased by 56.23% year-on-year, reaching ¥2,633,058,267.22, with operating costs rising by 84.94%[78]. - Revenue from aluminum profiles surged by 63.06% year-on-year, totaling ¥292,084,134.81, while operating costs increased by 74.51%[78]. - Revenue from mainland China increased by 92.91% year-on-year, amounting to ¥9,261,554,646.50, with operating costs rising by 109.58%[82]. Investments and Financial Assets - The company’s total assets included significant mineral resources: zinc 7.11 million tons, lead 335,690 tons, copper 129,920 tons, silver 5,834 tons, and gold 65,534 kg[60]. - The company’s investment in Shenzhen Zhongjin Lingnan Capital Operation Co., Ltd. generated investment income of CNY 2,395,610.45 from the disposal of trading financial assets[37]. - The fair value changes from held trading financial assets amounted to CNY 167,035,460.35, which the company considers part of its normal business operations[37]. - The company made significant investments totaling RMB 2.355 billion in the reporting period, representing a 110.13% increase compared to the same period last year[93]. - The company acquired 100% of the equity of Guangxi Zhongjin Lingnan Mining Co., Ltd. for RMB 461.374 million, enhancing its asset portfolio[96]. - The company has engaged in entrusted financial management with a total amount of 226,000 million, and the current balance of these investments is 201,000 million[191]. - The company reported a total of 56,000 million in bank financial products sourced from raised funds, with an outstanding balance of 41,000 million[191]. - The company has a financial product that raised 40,000 million RMB, with a minimum annual return of 3.70%, yielding actual earnings of 715.33 million RMB yet to be received[199]. Environmental and Social Responsibility - The company emphasizes the importance of safety and environmental protection, implementing measures to manage risks associated with its operations in the heavy pollution industry[120]. - The company reported total emissions of COD at 76.00367 tons, with a permitted limit of 500 tons per annum[134]. - The company emitted 13.2391 tons of particulate matter, with an annual limit of 42.2448 tons[134]. - The company has implemented a "coal-to-gas" project to reduce pollutant emissions and improve energy efficiency, contributing to a significant reduction in nitrogen oxides[147]. - The company achieved a 100% completion rate for environmental monitoring plans in the first half of 2021, ensuring real-time monitoring of pollutant emissions[143]. - The company is committed to green development, aiming to transform its industrial focus from scale efficiency to quality efficiency through sustainable practices[146]. - The company has engaged in poverty alleviation efforts, providing long-term support to specific villages in the region[148]. - The company invested over 21 million yuan in targeted poverty alleviation projects over the past five years, completing seven major projects[150]. - All impoverished households successfully exited the poverty list, demonstrating significant results from the precise assistance efforts[150]. - The company has established good social relations with local communities through support for new rural construction and infrastructure projects[150]. Governance and Compliance - The company has no equity incentive plans or employee stock ownership plans in place during the reporting period[129]. - The company maintained a standard audit report without any non-standard opinions from the auditor[157]. - There were no significant related party transactions exceeding approved limits during the reporting period[163]. - The company reported no violations regarding external guarantees during the reporting period[155]. - The company has not recorded any overdue amounts or impairment losses related to entrusted financial management[191]. - The company has not provided any guarantees to shareholders or related parties during the reporting period[190]. - The company has not exceeded the 50% threshold for guarantees relative to net assets[190]. - The company has not reported any evidence of potential joint liability for guarantees during the reporting period[190]. Future Outlook - The company has projected a stable outlook for the upcoming quarters, with no major changes in operational strategy anticipated[171]. - The company plans to continue its strategy of offering guaranteed return financial products to attract more investors[199].

Financial Performance - The company's operating revenue for Q1 2021 was ¥9,098,371,817.17, representing a 50.60% increase compared to ¥6,041,231,219.64 in the same period last year[8]. - Net profit attributable to shareholders was ¥256,638,801.01, an increase of 80.12% from ¥142,480,473.37 year-on-year[8]. - The net profit after deducting non-recurring gains and losses was ¥218,055,036.91, up 16.09% from ¥187,830,832.74 in the previous year[8]. - The basic earnings per share increased to ¥0.07, a rise of 75.00% compared to ¥0.04 in the same period last year[8]. - The diluted earnings per share reached ¥0.06, reflecting a 50.00% increase from ¥0.04 year-on-year[8]. - Operating revenue increased by 50.60% year-on-year, mainly due to the increase in non-ferrous metal trading business[31]. - The company reported a net profit warning for the first half of 2021, indicating potential losses compared to the previous year[58]. Cash Flow and Liquidity - The net cash flow from operating activities was ¥276,293,003.43, down 49.45% from ¥546,581,608.29 in the previous year[8]. - Cash balance increased by 50.67% compared to the beginning of the year, mainly due to new loans increasing cash funds[21]. - Cash inflow from operating activities reached 9,743,175,719.58, up from 6,464,480,877.11 in the previous period, reflecting a growth of approximately 50.5%[112]. - Cash outflow from operating activities totaled 9,466,882,716.15, compared to 5,917,899,268.82 in the previous period, which is an increase of about 60.5%[112]. - The net cash inflow from investment activities was CNY 1,601,285,250.52, a significant increase from CNY 557,952,431.77 in the previous year, reflecting a growth of approximately 187.3%[118]. - The ending balance of cash and cash equivalents is 2,359,877,380.39, up from 1,979,281,314.68 in the previous period, reflecting a growth of about 19.2%[114]. Assets and Liabilities - Total assets at the end of the reporting period were ¥25,707,620,031.09, a 5.58% increase from ¥24,348,332,710.60 at the end of the previous year[8]. - The total liabilities rose to ¥12,583,144,400.05, compared to ¥11,506,782,900.74, reflecting an increase of approximately 9.3%[82]. - The equity attributable to shareholders increased to ¥12,585,641,209.35 from ¥12,202,488,386.42, marking a growth of around 3.1%[82]. - The total non-current assets reached CNY 16.32 billion, compared to CNY 15.78 billion, which is an increase of about 3.4%[77]. - The company's total liabilities reached CNY 7,595,453,505.24, with current liabilities at CNY 3,036,529,637.45[131]. Investment Activities - Investment income increased by 195.20% year-on-year, mainly due to the gain from the transfer of Huake Company's equity[34]. - The company reported a total investment in securities of RMB 1,571.92 million, with a fair value change of RMB 1,272.61 million during the reporting period[47]. - The company completed the acquisition of a 17% stake in Guangxi Zhongjin Lingnan Mining Co., Ltd. for RMB 46.1374 million[42]. - The company has invested a total of CNY 152,452 million in committed investment projects, with a completion rate of 70.02%[57]. Financial Management - The company’s financial expenses increased by 51.62% year-on-year, mainly due to increased interest expenses from expanded loan scales[34]. - The company’s tax expenses increased by 146.30% year-on-year, primarily due to a significant increase in profits[35]. - The company has allocated CNY 226,000 million for entrusted financial management, with an outstanding balance of CNY 219,000 million[60]. - The company has adhered to strict compliance in its hedging activities, with no significant changes in accounting policies compared to the previous reporting period[56]. Research and Development - Research and development expenses were CNY 45,232,661.87, slightly increasing from CNY 44,636,454.29, showing a growth of about 1.3%[94]. - The high-power mercury-free battery zinc powder project has achieved an investment progress of 89.95%[57]. - The new materials research and development center project has reached a completion rate of 94.49%[57]. Compliance and Governance - The first quarter report was not audited, which may impact the perception of financial reliability[135]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[68]. - The company has no reported violations regarding external guarantees during the reporting period[67].

Financial Performance - The company's operating revenue for 2020 was ¥30,226,130,783.30, representing a 32.57% increase compared to ¥22,800,522,837.36 in 2019[27]. - The net profit attributable to shareholders for 2020 was ¥995,096,765.96, an increase of 16.78% from ¥852,105,138.63 in 2019[27]. - The net profit after deducting non-recurring gains and losses was ¥736,702,267.73, up 10.40% from ¥667,332,408.75 in 2019[27]. - The company's total assets at the end of 2020 were ¥24,348,332,710.60, a 19.82% increase from ¥20,320,601,646.97 at the end of 2019[27]. - The weighted average return on equity for 2020 was 8.66%, an increase of 0.61 percentage points from 8.05% in 2019[27]. - The company achieved a net cash flow from operating activities of ¥1,602,286,398.86, a decrease of 27.87% compared to ¥2,221,317,093.40 in 2019[27]. - The total revenue for the company reached approximately ¥30.07 billion, representing a year-over-year increase of 6.79%[98]. - The net profit attributable to the parent company was CNY 0.995 billion, representing a year-on-year growth of 16.78%[90]. Business Operations - The company has shifted its main business focus to mining, selection, and smelting of non-ferrous metals, particularly lead and zinc, following the acquisition of Global Star Mining in 2010, which added copper and gold resources[22]. - The company has integrated operations in mining, selection, smelting, and deep processing of non-ferrous metals such as lead, zinc, and copper[36]. - The company directly controls proven reserves of over 10 million tons of non-ferrous metal resources through acquisitions and resource integration[36]. - The main products include lead-zinc concentrate, copper concentrate, lead ingots, zinc ingots, and industrial sulfuric acid, among others[37]. - The company operates the first domestic smelting plant using the closed blast furnace smelting technology (ISP process) for lead and zinc, which is particularly suitable for processing complex lead-zinc mixed concentrates[39]. - The company’s Danxia smelting plant is the first large-scale facility in China to use zinc oxygen pressure leaching technology, which is an environmentally friendly process with good comprehensive recovery performance[39]. - The company has a production capacity of 300,000 tons per year for both lead and zinc mining and smelting[36]. Market and Sales Strategy - The company’s sales strategy includes a combination of long-term contracts and spot sales, ensuring a flexible pricing mechanism[47]. - The revenue from non-ferrous metal trading business was CNY 22.53 billion, accounting for 74.54% of total revenue, with a year-on-year increase of 51.36%[94]. - The company’s gross profit margin for the non-ferrous metal trading business was 0.12%, with a significant increase in revenue compared to the previous year[95]. - The top five customers accounted for 42.90% of the total annual sales, with the largest customer contributing ¥6.40 billion, or 21.30% of total sales[107]. - The total procurement amount from the top five suppliers was approximately ¥12.63 billion, representing 41.46% of the total annual procurement[108]. Investments and Capital Expenditure - The company reported a 205.49% increase in construction in progress compared to the beginning of the year, primarily due to increased investment in ongoing projects[79]. - The total investment amount for the reporting period reached ¥1,761,339,486.17, a significant increase of 154.95% compared to ¥690,848,007.07 in the same period last year[135]. - The company made a major equity investment of ¥164,700,000.00 in Shenzhen Zhongjin Lingnan Capital Operation Co., Ltd., acquiring a 100% stake[135]. - The total amount of committed investment projects was RMB 532,452 million, with a cumulative investment of RMB 221,820.67 million, representing 41.66% of the total[160]. - The company reported that the pandemic affected the construction schedule of the Danxia Smelter's project, leading to a slower construction speed[160]. Research and Development - The company has established a scientific research institute to enhance R&D capabilities and foster collaboration with domestic and international research institutions[86]. - The number of R&D personnel increased by 3.12% to 859, representing 8.73% of the total workforce[113]. - R&D expenses increased by 6.12% to ¥314,374,802.05, accounting for 1.04% of operating revenue, down from 1.30% in 2019[116]. - The company aims to develop a new model for comprehensive utilization of solid waste in mining and smelting processes, contributing to green development in the mining industry[112]. Risk Management - The company has outlined potential risks in its future development plans, which investors should be aware of[6]. - The company has faced risks related to policy changes, macroeconomic fluctuations, and price volatility in non-ferrous metals[179][180][183]. - The company is focused on enhancing its market research and marketing strategies to mitigate risks from metal price fluctuations[183]. - The company’s risk management for derivative investments includes hedging against market price fluctuations for key products like lead, zinc, and copper[148]. Shareholder Returns - The company reported a cash dividend of 0.84 RMB per 10 shares for all shareholders, based on a total of 3,569,685,327 shares as of December 31, 2020[7]. - The cash dividend amount for 2020 was CNY 299,853,567.47, representing 30.13% of the net profit attributable to shareholders[195]. - The cash dividend for 2020 was distributed based on the total share capital as of December 31, 2020[198]. - The company is in a growth phase and has significant capital expenditure plans, with a minimum cash dividend ratio of 20% during profit distribution[198].

Financial Performance - Operating revenue for the period was ¥7.53 billion, representing a decrease of 6.68% year-on-year[9] - Net profit attributable to shareholders was ¥254.84 million, an increase of 54.03% compared to the same period last year[9] - Net profit attributable to shareholders after deducting non-recurring gains and losses was ¥198.08 million, up by 12.70% year-on-year[9] - Basic earnings per share for the period were ¥0.08, reflecting a 60.00% increase year-on-year[9] - The total comprehensive income for the period showed a loss of ¥340,271,744.24 compared to a loss of ¥287,827,670.58 in the previous period[85] - Total operating revenue for the current period is CNY 7,538,817,604.73, a decrease of 6.67% from CNY 8,076,302,438.34 in the previous period[94] - Net profit for the current period is CNY 258,353,236.17, an increase of 50.06% compared to CNY 172,315,391.65 in the previous period[101] - The total profit for the current period was ¥738,847,442.71, compared to ¥751,736,871.45 in the previous period, reflecting a decrease of 1.7%[120] - The net profit for the period was ¥627,869,781.02, compared to ¥596,740,571.63 in the prior period, reflecting a growth of approximately 5.4%[128] Assets and Liabilities - Total assets at the end of the reporting period reached ¥23.61 billion, an increase of 16.20% compared to the end of the previous year[9] - The cash and cash equivalents at the end of the period increased by 69.09% compared to the beginning of the year, primarily due to funds received from the issuance of convertible bonds[22] - The balance of contract assets at the end of the period increased by 275.11%, mainly due to certain contracts of the subsidiary not yet reaching the settlement period[26] - The balance of other receivables at the end of the period increased by 120.89%, primarily due to an increase in margin amounts[25] - The balance of construction in progress at the end of the period increased by 66.99%, mainly due to increased investment in engineering construction[28] - The balance of long-term borrowings at the end of the period increased by 47.18%, primarily due to increased long-term borrowings by the subsidiary[33] - The balance of other current liabilities at the end of the period increased by 56.09%, mainly due to an increase in pending tax amounts[32] - The company's total assets reached ¥23,612,170,895.24, compared to ¥20,320,601,646.97 at the end of 2019, reflecting a growth of approximately 11.3%[85] - Total liabilities decreased to ¥11,244,708,824.59 from ¥8,956,772,252.46, showing an increase of approximately 25.5%[83] - The company's equity attributable to shareholders rose to ¥11,935,344,399.65, up from ¥10,934,718,084.99, which is an increase of about 9.1%[85] Cash Flow - The net cash flow from operating activities was ¥73.15 million, a significant decrease of 89.30% compared to the previous year[9] - Cash inflow from sales of goods and services reached ¥22,892,861,103.16, up from ¥17,963,357,712.71, representing a growth of approximately 27.5%[132] - The total cash outflow from operating activities was ¥22,070,888,889.85, compared to ¥17,199,641,479.17 in the previous period, marking an increase of about 28.5%[134] - Cash and cash equivalents at the end of the period totaled ¥2,625,744,658.26, up from ¥1,906,600,552.34 at the beginning of the period, reflecting an increase of approximately 37.7%[137] - The company reported a decrease in cash flow from financing activities, with a net cash inflow of ¥2,884,426,936.90, compared to ¥329,669,212.25 in the previous year[134] Investments - The company has invested approximately 4,640.70 million CNY in nickel derivatives, with a total profit of approximately 36.22 million CNY during the reporting period[51] - The total investment amount in lead derivatives was approximately 48,758.91 million CNY, with a profit of approximately 2.11 million CNY during the reporting period[51] - The company has allocated 179,000 million for entrusted financial management, with no overdue amounts[59] - The cumulative investment in the tailings resource recovery and environmental governance project was 2,735.91 million, representing 7.95% of the total committed investment of 60,701.00 million[54] - The company reported an investment income of CNY 75,971,814.84, up from CNY 66,160,858.76, reflecting an increase of 14.00%[99] Research and Development - Research and development expenses for the current period are CNY 79,983,528.61, compared to CNY 75,697,089.03 in the previous period, showing an increase of 4.78%[99] - The company reported research and development expenses for the current period were ¥54,722,936.68, slightly down from ¥55,505,458.70 in the previous period[105] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[104] Compliance and Governance - The company has maintained a good credit rating with brokerage firms, ensuring low legal risks in derivative investments[53] - The company has implemented strict compliance with relevant laws and regulations in its hedging business, ensuring effective risk control measures[53] - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[67] - The company has not undergone an audit for the third quarter report, which may affect the reliability of the financial data presented[165]

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 14,364,464,739.56, representing a 54.91% increase compared to CNY 9,272,716,016.17 in the same period last year[19]. - The net profit attributable to shareholders of the listed company decreased by 21.19% to CNY 370,877,382.61 from CNY 470,584,665.06 year-on-year[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 8.36% to CNY 395,016,363.47 compared to CNY 364,532,445.68 in the previous year[19]. - The net cash flow from operating activities was CNY 899,879,820.66, a significant increase of 134.60% from CNY 383,584,647.55 in the same period last year[19]. - The total operating revenue for the first half of 2020 was CNY 14,254,429,482.67, representing a year-on-year increase of 55.19%[63]. - The gross profit margin for the company was 6.43%, a decrease of 3.10% compared to the same period last year[63]. - The revenue from the non-ferrous metal trading business reached CNY 10,944,266,535.85, with a significant year-on-year increase of 110.05%[63]. - The company reported a net profit for the first half of 2020 was a loss of RMB 24.14 million, impacted by tax and minority interests[28]. - The company achieved an operating income of 14.36 billion yuan, representing a year-on-year growth of 54.91% due to increased trading activities in non-ferrous metals[57]. - The operating costs rose to 13.41 billion yuan, an increase of 60.22%, primarily due to the rise in operating income[57]. - The company reported a net profit of 377.93 million, down 21.1% from RMB 479.36 million in the first half of 2019[182]. - Operating profit decreased to RMB 415.45 million, a decline of 22.7% from RMB 537.23 million year-on-year[182]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 20,981,769,257.36, reflecting a 3.25% increase from CNY 20,320,601,646.97 at the end of the previous year[19]. - The net assets attributable to shareholders of the listed company increased by 1.11% to CNY 11,055,742,142.90 from CNY 10,934,718,084.99 at the end of the previous year[19]. - The company's total liabilities amounted to RMB 9,497,441,957.81 as of June 30, 2020, an increase from RMB 8,956,772,252.46 at the end of 2019, representing a growth of approximately 6.06%[179]. - Current liabilities totaled RMB 6,456,904,787.69, compared to RMB 6,267,158,182.26 at the end of 2019, reflecting a rise of approximately 3.02%[179]. - Non-current liabilities were reported at RMB 3,040,537,170.12, which is an increase from RMB 2,689,614,070.20 at the end of 2019, showing a growth of around 13.03%[179]. - The total equity attributable to shareholders of the parent company reached RMB 11,055,742,142.90, up from RMB 10,934,718,084.99 at the end of 2019, indicating an increase of about 1.02%[179]. Shareholder Information - The total number of shares outstanding is 3,569,685,327, with 99.97% being unrestricted shares[146]. - The largest shareholder, Guangdong Guangsheng Asset Management Co., Ltd., holds 27.51% of the shares, totaling 981,890,359 shares[155]. - The second-largest shareholder, Shenzhen Guangsheng Investment Development Co., Ltd., holds 3.91% of the shares, totaling 139,715,902 shares[155]. - The total number of ordinary shareholders at the end of the reporting period was 148,390[155]. - The total number of restricted shares at the end of the period was 1,214,177[150]. Investment and Research - Research and development investment amounted to 120 million yuan, a decrease of 4.24% compared to the previous year[57]. - The company has established a comprehensive innovation system by integrating various research resources, enhancing collaboration with research institutions, and achieving significant results in energy-saving and environmental protection technologies[53]. - The company reported investment income of RMB 64.39 million, down from RMB 94.01 million in the first half of 2019[182]. Environmental and Compliance - The company is committed to enhancing safety and environmental protection measures, increasing investment in these areas[94]. - The company has implemented new technologies for waste gas treatment, ensuring compliance with emission standards through advanced filtration and absorption techniques[134]. - The company has established a comprehensive environmental management system, ensuring timely compliance with environmental impact assessments and pollution control measures[135]. - The company is classified as a key pollutant discharge unit by environmental authorities, indicating significant operational oversight[129]. - The total emissions for the Shaoguan Smelter included 24.734 tons of particulate matter and 71.736 tons of SO2, all within regulatory limits[131]. Cash Flow and Financing - The cash flow from financing activities showed a significant increase of 2689.35% to approximately 406.51 million yuan, attributed to increased loan financing[59]. - The net cash flow from operating activities for the first half of 2020 was RMB 899,879,820.66, an increase from RMB 383,584,647.55 in the same period of 2019, representing a growth of approximately 134%[185]. - The total cash inflow from operating activities was RMB 15,109,245,701.17, compared to RMB 9,648,275,306.29 in the first half of 2019, indicating a year-over-year increase of about 56%[185]. - The cash outflow for purchasing goods and services was RMB 12,647,297,015.27, up from RMB 7,765,386,529.25 in the previous year, reflecting a rise of approximately 63%[185]. Strategic Initiatives - The company’s internationalization strategy aligns with the Belt and Road Initiative, enhancing its resource control capabilities[48]. - The company is actively monitoring macroeconomic trends and adjusting its strategies to mitigate risks associated with economic fluctuations[89]. - The company is committed to enhancing its market research capabilities to better navigate price fluctuations in the non-ferrous metals market[90].

Financial Performance - The company's operating revenue for Q1 2020 was ¥6,041,231,219.64, representing a 47.18% increase compared to ¥4,104,611,638.52 in the same period last year[8]. - Net profit attributable to shareholders decreased by 45.35% to ¥142,480,473.37 from ¥260,730,712.04 year-on-year[8]. - The basic earnings per share fell by 42.86% to ¥0.04, down from ¥0.07 in the same period last year[8]. - Operating revenue increased by 47.18% year-on-year, primarily due to the growth in non-ferrous metal trading business[22]. - Total operating revenue for the first quarter reached ¥6,049,683,999.05, a significant increase from ¥4,111,470,257.35 in the previous year, representing a growth of approximately 47.1%[72]. - The company's net profit attributable to shareholders increased to ¥3,450,124,730.13, up from ¥3,198,201,736.75, reflecting a year-on-year growth of about 7.9%[71]. - Total operating revenue for the current period was ¥1,407,306,667.82, a decrease of 6.8% compared to ¥1,510,282,039.30 in the previous period[82]. - Net profit for the current period was ¥144,298,778.62, down 45.5% from ¥264,620,649.94 in the previous period[78]. - The total profit for the current period was ¥158,015,538.19, down from ¥315,332,067.19 in the previous period, a decrease of 49.9%[78]. Cash Flow - The net cash flow from operating activities surged by 1,842.38% to ¥546,581,608.29, up from ¥28,139,775.98 in the previous year[8]. - Cash inflow from operating activities reached ¥6,464,480,877.11, up from ¥4,262,371,839.03, indicating a growth of approximately 51.7%[89]. - Cash outflow for purchasing goods and services was ¥5,140,402,630.00, compared to ¥3,400,290,880.63 in the prior period, representing a 51.1% increase[89]. - The company reported a net increase in cash flow from financing activities of ¥391,390,208.59, compared to ¥427,158,822.69 in the prior year[94]. - The company received cash from investment activities totaling ¥562,064,415.76, a significant increase from ¥84,874,882.41 in the previous period[92]. - The company’s cash flow from investing activities showed a net outflow of ¥929,816,399.87, worsening from a net outflow of ¥225,446,694.58 in the prior year[92]. - Cash inflow from financing activities totaled 606,120,486.95 CNY, compared to 1,150,000,000.00 CNY in the previous year[97]. - Net cash flow from financing activities was 123,996,013.84 CNY, down from 445,045,962.47 CNY year-over-year[97]. Assets and Liabilities - Total assets at the end of the reporting period were ¥20,598,463,135.69, a 1.37% increase from ¥20,320,601,646.97 at the end of the previous year[8]. - Total liabilities rose to ¥9,231,023,449.99, compared to ¥8,956,772,252.46 in the previous period, indicating an increase of approximately 3.1%[65]. - The total assets of the company amounted to ¥14,515,157,056.38, up from ¥14,223,164,396.17, marking a growth of about 2.1%[71]. - The company's total equity attributable to shareholders reached ¥10,942,832,216.50, slightly up from ¥10,934,718,084.99, indicating a marginal increase of about 0.1%[65]. - Total liabilities included short-term borrowings of 3,254,928,252.94, down from 3,316,159,817.52[60]. - The company reported a decrease in accounts receivable from 543,089,537.78 to 490,421,589.21 during the reporting period[57]. - The company’s inventory decreased from 1,703,024,771.12 to 1,656,917,159.45 during the reporting period[57]. - The company reported a decrease in other comprehensive income, with a loss of ¥426,010,647.68 compared to a loss of ¥287,827,670.58 in the previous year[65]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 154,001[12]. - The largest shareholder, Guangdong Guangsheng Asset Management Co., Ltd., held 27.51% of the shares, amounting to 981,890,359 shares[12]. Investments and Financial Management - The company has a total of 59,000,000 CNY in entrusted financial management, with no overdue amounts[38]. - The company has invested 30,000,000 CNY in bank financial products with a floating return of 4.0745%[42]. - The company reported a profit of 214.92 CNY from entrusted financial management during the reporting period[42]. - The total amount of entrusted financial management across various banks is 114,000,000 CNY[42]. - The company has a significant investment in government bond reverse repos, with a fair value measurement of 4,757,553.50 CNY[37]. - The company’s financial products include investments in money market instruments and bonds, indicating a diversified investment strategy[42]. - The company has a projected annualized return rate of 4.0% for certain bank financial products[42]. - The total investment amount in derivatives for the reporting period was 392,770.97 million, with a net asset ratio of 4.98%[46]. Changes in Financial Reporting - The company has implemented new revenue and leasing standards starting from 2020, affecting financial reporting[98]. - The company has not undergone an audit for the first quarter report, indicating preliminary figures[111].

Financial Performance - The company's operating revenue for 2019 was ¥22,800,522,837.36, representing a 14.21% increase compared to ¥19,963,409,521.93 in 2018[24]. - The net profit attributable to shareholders for 2019 was ¥852,105,138.63, a decrease of 7.37% from ¥919,939,796.37 in 2018[24]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥667,332,408.75, down 28.73% from ¥936,353,959.34 in 2018[24]. - The net cash flow from operating activities increased by 12.66% to ¥2,221,317,093.40 in 2019 from ¥1,971,769,055.95 in 2018[24]. - The total assets at the end of 2019 were ¥20,320,601,646.97, a 4.17% increase from ¥19,506,332,203.20 at the end of 2018[24]. - The net assets attributable to shareholders at the end of 2019 were ¥10,934,718,084.99, up 5.91% from ¥10,324,313,227.17 at the end of 2018[24]. - The total operating revenue for the company reached ¥22.64 billion, representing a year-on-year increase of 14.97%[107]. - The gross profit margin decreased to 8.93%, down by 4.26% compared to the previous year[107]. - The net profit attributable to the parent company was 850 million RMB in 2019[100]. - The company reported a cash dividend of CNY 257,017,343.54 for the year 2019, which represents 30.16% of the net profit attributable to ordinary shareholders[194]. Business Operations and Strategy - The company operates in various sectors, including non-ferrous metal trading, aluminum profile production, and real estate, reflecting a diversified business model[20]. - The company has established a comprehensive risk management framework to address potential challenges in its future development[5]. - The company has engaged reputable accounting firms for auditing, ensuring compliance and reliability in financial disclosures[21]. - The company has implemented a series of effective measures to mitigate the impact of price and cost pressures, achieving its operational targets[99]. - The company plans to continue expanding its resource exploration and production capabilities to meet growing market demand[61]. - The company aims to enhance its global high-quality mineral resource ownership and extend its value chain towards the high-end[177]. - The company is focusing on high-quality development and industry restructuring in response to stable demand and emerging challenges in the lead and zinc market[173]. - The company plans to divest from real estate development activities by December 31, 2019, as part of its business transformation strategy[198]. - The company is actively promoting the divestment of its controlling interest in a subsidiary involved in curtain wall technology by December 31, 2020[200]. Production and Resource Management - The company has an annual production capacity of over 300,000 tons of lead and zinc concentrate[36]. - The company produced 28.02 million tons of lead and zinc metal, accounting for 2.33% of China's total output of 1,203.35 million tons[53]. - The company produced 5.18 million tons of lead concentrate, representing 4.21% of the national total of 123.12 million tons, and 12.43 million tons of zinc concentrate, which is 4.43% of the national total of 280.58 million tons[53]. - The company’s production model integrates mining and smelting operations, enhancing the efficiency of lead and zinc metal production[49]. - The company plans to produce 282,000 tons of lead-zinc concentrate in 2020, including 92,000 tons of lead and 190,000 tons of zinc[178]. - The total output of lead and zinc smelting products is projected to be 290,000 tons, with 43,000 tons of lead ingots and 247,000 tons of zinc and zinc products[178]. Research and Development - The company is actively involved in the development of new technologies and processes, such as the zinc oxygen pressure leaching process, which promotes cleaner production[39]. - Research and development expenses increased by 56.47% to ¥296,244,452.16, representing 1.30% of operating revenue[129]. - The number of R&D personnel rose to 833, an increase of 4.52% from the previous year[129]. - The company aims to enhance its innovation capabilities and has made significant progress in smart manufacturing projects[124]. Risk Management and Compliance - The company emphasizes the importance of accurate financial reporting, with key executives affirming the report's authenticity and completeness[4]. - The company has implemented risk control measures for its derivative investments, focusing on hedging against price fluctuations in lead, zinc, copper, and silver[149]. - The company has faced risks related to policy changes, macroeconomic fluctuations, and price volatility in non-ferrous metals[179][182][183]. - The company is actively monitoring market trends to mitigate risks associated with metal price fluctuations[183]. Investments and Financial Management - The total amount of funds raised in 2015 was CNY 1,244.89 million, with CNY 134.50 million utilized by the end of 2019[157]. - In 2017, the company raised CNY 1,490.28 million, with CNY 87.48 million utilized by the end of 2019, leaving a balance of CNY 717.50 million[158]. - The total amount of funds raised from both years is CNY 2,273.17 million, with CNY 221.98 million utilized, representing 9.75% of the total[157]. - The company has committed to various projects with a total investment of CNY 279.69 million, of which CNY 198.98 million has been utilized[162]. - The company has established a new property management subsidiary with an investment of CNY 52,000,000.00, holding a 52% stake[138]. Environmental and Social Responsibility - The company has received the "2019 Outstanding Contribution Award for Green Development in the Lead and Zinc Industry" for its significant achievements in energy conservation and environmental protection[95]. - The company is committed to green development and improving production efficiency through innovation[177].

Financial Performance - Operating revenue for the period reached CNY 8,068,435,423.91, a 44.42% increase year-on-year[10] - Net profit attributable to shareholders was CNY 165,446,557.01, a slight increase of 1.47% compared to the same period last year[10] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 175,750,723.16, up 18.00% year-on-year[10] - The basic earnings per share remained at CNY 0.05, unchanged from the previous quarter[10] - Investment income increased by 77.49% compared to the same period last year, mainly due to increased profits from futures hedging[36] - The company reported a net profit of CNY 651,673,657.15, compared to CNY 786,724,625.21 in the previous period, reflecting a decline of 17.1%[97] - The total profit for the current period was CNY 751,736,871.45, a decrease of 30.1% from CNY 1,076,301,322.01 in the previous period[97] - The total comprehensive income attributable to the parent company was CNY 686,118,051.06, down from CNY 845,863,201.15, a decrease of 19.0%[97] Assets and Liabilities - Total assets increased by 5.83% to CNY 20,643,006,868.84 compared to the end of the previous year[10] - Total liabilities stood at CNY 9.48 billion, an increase from CNY 8.79 billion at the end of 2018, marking a rise of approximately 7.8%[68] - The company's equity attributable to shareholders increased to CNY 10.73 billion from CNY 10.32 billion, representing a growth of about 4.0%[70] - The balance of accounts receivable increased by 49.17% compared to the beginning of the year, as customers increased the use of bills for payment[21] - The total assets of the company at the end of the reporting period were ¥17,366,456,325.28, up from ¥17,005,129,981.37, reflecting a growth of 2.1%[93] - Total current assets amounted to CNY 7,138,443,592.91 as of September 30, 2019[122] - Total liabilities amounted to ¥8,789,377,269.35, with non-current liabilities at ¥2,399,951,826.52[127] Cash Flow - The net cash flow from operating activities for the year-to-date was CNY 1,066,956,720.65, down 18.80% year-on-year[10] - The net cash flow from operating activities was 1,066,956,720.65 CNY, a decrease of 18.8% compared to the previous period's 1,314,048,479.81 CNY[109] - Total cash inflow from operating activities amounted to 18,266,598,199.82 CNY, up from 17,840,307,376.13 CNY, reflecting a growth of 2.4%[109] - The net cash flow from investing activities was -693,371,309.76 CNY, an improvement from -931,258,011.31 CNY in the previous period[111] - The net cash flow from financing activities was 329,669,212.25 CNY, compared to -289,978,095.73 CNY in the previous period, indicating a positive shift[111] Shareholder Information - The total number of shareholders at the end of the reporting period was 164,034[13] - The largest shareholder, Guangdong Guangsheng Asset Management Co., Ltd., holds 27.51% of the shares[13] Research and Development - Research and development expenses for the period were ¥75,697,089.03, which is a 97.8% increase from ¥38,335,068.24 in the previous period[79] - Research and development expenses increased significantly to CNY 151,565,871.02 from CNY 38,087,906.18, marking a growth of 297.5%[102] Financial Management - The company plans to use part of the idle raised funds for cash management, with a maximum of RMB 600 million allocated for purchasing structured deposits[37] - The company has a total of 517.99 million CNY in securities investments, with a fair value of 307.17 million CNY at the beginning of the period[40] - The company has not reported any overdue amounts in its entrusted financial management activities[41] - The company has a total of 60 million CNY in unexpired balances from entrusted financial management[41] Compliance and Governance - The company did not report any non-compliance with relevant laws and regulations regarding derivative investments during the reporting period[55] - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[58] - The company reported no violations regarding external guarantees during the reporting period[57] Market and Investment Activities - The company maintained a hedging strategy to control risks associated with market price fluctuations of lead, zinc, copper, and silver[55] - The company reported a foreign exchange gain of ¥74,058,525.37, compared to a loss of ¥4,733,316.24 in the previous period[93]

Financial Performance - The company's operating revenue for the first half of 2019 was ¥9,272,716,016.17, a decrease of 18.55% compared to ¥11,384,048,703.39 in the same period last year[23] - The net profit attributable to shareholders of the listed company was ¥470,584,665.06, down 22.43% from ¥606,689,539.86 year-on-year[23] - The net profit after deducting non-recurring gains and losses was ¥364,532,445.68, a decline of 37.66% compared to ¥584,719,444.38 in the previous year[23] - The net cash flow from operating activities was ¥383,584,647.55, which is a decrease of 46.61% from ¥718,480,723.10 in the same period last year[23] - The basic earnings per share were ¥0.13, down 23.53% from ¥0.17 in the previous year[23] - The gross profit margin for the lead, zinc, and copper mining, smelting, and sales segment was 21.73%, a decrease of 13.07% year-on-year[65] - The company reported a net cash outflow from investment activities of RMB 753.15 million, an increase of 17.23% compared to the previous year[64] Assets and Liabilities - The total assets at the end of the reporting period were ¥19,876,456,615.57, an increase of 1.90% from ¥19,506,332,203.20 at the end of the previous year[23] - The net assets attributable to shareholders of the listed company were ¥10,513,837,000.31, up 1.84% from ¥10,324,313,227.17 at the end of the previous year[23] - Cash and cash equivalents decreased to ¥2,852,955,842.78, making up 14.35% of total assets, down from 16.66%[70] - Short-term borrowings increased to ¥3,779,612,138.28, representing 19.02% of total liabilities, up from 16.31%[70] - The total liabilities of Shenzhen Zhongjin Lingnan Nonfemet Company amounted to RMB 8,935,502,700.11, an increase from RMB 8,789,377,269.35 at the end of 2018, reflecting a growth of approximately 1.6%[200] - The total current liabilities amounted to RMB 6,683,815,165.26, which is an increase from RMB 6,389,425,442.83 at the end of 2018, showing a growth of around 4.6%[200] Investments and Capital Expenditures - The company reported a significant increase in other receivables, totaling RMB 263,065,571.36, compared to RMB 781,456,648.07 at the end of 2018[197] - The company completed an investment of ¥52,000,000.00 in a new property management venture, holding a 52% stake[78] - The company has utilized CNY 9 billion of idle raised funds for structured deposits and principal-protected financial products, with an expected annualized return rate of 4.00%[156] - The company has structured deposits totaling CNY 8 billion, with various banks offering expected annualized returns ranging from 2.6% to 5%[156] Production and Operations - The company has established an annual production capacity of 300,000 tons of lead and zinc metal through a series of acquisitions and resource integration[31] - The production of refined lead and zinc metals from mining enterprises was 142,400 tons, down 6.56% year-on-year, with domestic production at 86,900 tons (down 1.42%) and foreign production at 55,500 tons (down 13.64%) [61] - The company’s main products include lead ingots, zinc ingots, and zinc alloys, with lead primarily used in lead-acid batteries and other applications[32] Research and Development - The company's R&D investment increased by 124.02% to RMB 125.59 million, primarily due to increased R&D expenses this year[62] Environmental and Safety Compliance - The company has implemented measures to reduce wastewater generation and ensure compliance with pollution discharge standards[145] - The company has adopted new technologies for air pollution control, ensuring emissions meet regulatory standards[145] - The company achieved a 100% compliance rate with the "three simultaneous" management system for environmental impact assessments during the reporting period[146] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 166,813, with the largest shareholder, Guangdong Guangsheng Asset Management Co., Ltd., holding 27.51% of shares, totaling 981,890,359 shares[173] - The second-largest shareholder, Shenzhen Guangsheng Investment Development Co., Ltd., held 3.91% of shares, amounting to 139,715,902 shares, which are pledged[173] - The company did not experience any changes in its controlling shareholder or actual controller during the reporting period[177] Corporate Governance - The semi-annual financial report for 2019 was not audited, which may affect the reliability of the financial data presented[192] - The company experienced changes in its board of directors, with key appointments and resignations occurring in early 2019, impacting its governance structure[189]