Financial Performance - Net profit attributable to shareholders was ¥252,242,612.56, representing a significant increase of 404.77% year-on-year[7]. - Operating revenue for the reporting period was ¥8,923,177,487.45, reflecting a growth of 56.58% compared to the same period last year[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥73,727,488.30, up by 48.29% year-on-year[7]. - Basic earnings per share increased to ¥0.12, a rise of 500.00% compared to the same period last year[7]. - The weighted average return on net assets was 4.10%, an increase of 3.22 percentage points from the previous year[7]. - Cash flow from operating activities for the year-to-date was ¥308,141,384.25, up by 49.68% compared to the same period last year[7]. - Total operating revenue for the third quarter reached ¥8.93 billion, a 56.5% increase from ¥5.71 billion in the same period last year[40]. - Net profit for the quarter was ¥326.59 million, compared to ¥36.48 million in the previous year, representing a significant increase[42]. - Earnings per share (EPS) rose to ¥0.12 from ¥0.02 year-over-year, indicating improved profitability[42]. - Comprehensive income for the quarter totaled ¥223.95 million, a significant rise from ¥38.79 million year-over-year[42]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥14,753,998,726.25, an increase of 2.11% compared to the end of the previous year[7]. - Total current assets increased to ¥4,629,325,711.59 from ¥4,605,409,753.58, reflecting a growth of 0.52%[34]. - Total non-current assets increased to ¥10,124,673,014.66 from ¥9,844,255,297.17, representing a growth of 2.84%[35]. - Total liabilities decreased to ¥7,936,107,978.57 from ¥8,112,437,187.71, a reduction of 2.17%[36]. - Total equity increased to ¥6,817,890,747.68 from ¥6,337,227,863.04, showing an increase of 7.61%[36]. - The company reported a significant increase in other receivables, rising to ¥133,107,859.45 from ¥119,038,989.57, a growth of 11.83%[34]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 2,062,940,880[10]. - The largest shareholder, Guangdong Guangsheng Asset Management Co., Ltd., holds 31.73% of the shares, totaling 654,593,573 shares[10]. Investment and Derivatives - The company reported a total of ¥188,349,025.25 in non-recurring gains and losses for the year-to-date[8]. - The total investment in derivatives amounted to 143,401.19 million yuan, with a net asset ratio of 2.12% and a loss of 1,602.51 million yuan during the reporting period[23]. - The company reported a total of 10,712,848.32 million yuan in investments in other listed companies, with a report period profit of 127.94 million yuan[21]. - The company holds a 0.13% stake in Fu'ao Co., with a book value of 13,531,400.85 yuan and a profit of 127,944.08 yuan during the reporting period[21]. - The company’s investment income for the quarter was CNY 60,337,528.98, compared to CNY 15,602,516.64 in the same period last year, showing an increase of 286.5%[50]. Cash Flow - Cash flow from operating activities generated a net inflow of CNY 308,141,384.25, up from CNY 205,869,838.46 in the previous year[54]. - The total cash and cash equivalents at the end of the period were CNY 1,058,630,118.47, an increase from CNY 899,414,122.56 at the end of the previous year[54]. - The company’s cash inflow from investment activities included $20,078,422.39 in investment income received[57]. - Cash outflow from investment activities totaled $227,255,486.96, a decrease from $240,291,723.24, resulting in a net cash flow from investment activities of -$207,175,465.95[57]. Operational Developments - The company is undergoing a relocation and upgrade of the Shaoguan Smelting Plant, with total costs related to the relocation and upgrade amounting to 628,775,880.30 yuan[17]. - The company has committed to compensating for losses incurred during the relocation and upgrade of the Shaoguan Smelting Plant as part of the "Three Olds" renovation project[19]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[42]. Accounting and Compliance - The company has implemented new accounting standards effective from July 1, 2014, which include changes to long-term equity investments and financial statement reporting[26]. - The adjustment of capital reserves related to other comprehensive income amounted to 685,691.74 yuan, with a foreign currency translation difference of -182,227,234.28 yuan[29]. - The company’s total assets and liabilities will be adjusted in accordance with the new accounting standards, impacting the financial statements for the reporting period[28]. - The company’s financial position is not expected to be significantly affected by the actuarial results of employee retirement benefit plans[30].

Financial Performance - The company's operating revenue for the reporting period reached ¥8,323,369,995.65, representing a 106.49% increase compared to ¥4,030,819,764.40 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was ¥157,815,570.31, an increase of 31.43% from ¥120,074,051.89 in the previous year[18]. - The net cash flow from operating activities was ¥244,689,988.11, showing a significant increase of 342.13% compared to ¥55,343,113.48 in the same period last year[18]. - The basic earnings per share rose to ¥0.08, up 33.33% from ¥0.06 in the previous year[18]. - Total operating revenue of 8.34 billion yuan, a year-on-year increase of 106.49% due to increased trading activities[27]. - Net profit attributable to the parent company reached 158 million yuan, up 31.4% compared to the same period last year[25]. - Operating profit for the first half of 2014 was RMB 180,390,546.67, compared to RMB 95,241,682.20 in the same period of 2013, indicating an increase of around 89.5%[112]. - The total profit for the first half of 2014 was RMB 194,114,925.31, compared to RMB 99,187,811.06 in the same period of 2013, showing an increase of approximately 96%[112]. - The company reported a comprehensive income of approximately 448.92 million RMB for the first half of 2014, indicating a strong performance[120]. Assets and Liabilities - Total assets at the end of the reporting period were ¥14,571,312,137.05, a slight increase of 0.84% from ¥14,449,665,050.75 at the end of the previous year[18]. - The company's total liabilities reached RMB 7,963,242,518.20, compared to RMB 8,112,437,187.71 at the end of 2013, indicating a decrease in liabilities[110]. - The total equity attributable to shareholders was RMB 6,170,192,233.35, up from RMB 5,965,836,309.68 at the end of 2013[110]. - The total liabilities at the end of the period were approximately 371.39 million, indicating a manageable debt level[116]. Investments and Capital Expenditures - Research and development investment was 105.2 million yuan, a decrease of 6.60% from the previous year[27]. - The company invested a total of 8,300,000 yuan during the reporting period, reflecting a decrease of 1.19% compared to the previous year's investment of 8,400,000 yuan[40]. - The company plans to issue up to 24,246.56 million shares at a price not lower than CNY 5.82 per share, aiming to raise a total of up to CNY 141,115 million[89]. - The raised funds will be used for repaying loans for the acquisition of Australian company Peliyah, expanding the lead-zinc mining project, and supplementing working capital[89]. Dividends and Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares for this reporting period[4]. - The company plans to distribute a cash dividend of RMB 0.30 per share, based on a total share capital of 2,062,940,880 shares, approved during the 2013 annual general meeting[54]. - The total number of shares before the change was 2,062,940,880, with a slight decrease of 28,612 shares in limited sale condition shares, resulting in a total of 2,061,039,950 shares after the change[95]. - Guangdong Guangsheng Asset Management Co., Ltd. holds 31.73% of the shares, amounting to 654,593,573 shares, while Shenzhen Guangsheng Investment Development Co., Ltd. holds 6.85% with 141,244,532 shares[97]. Operational Highlights - The company produced 157,600 tons of lead-zinc concentrate, a 9.67% increase from 143,700 tons in the previous year[30]. - The company reported a significant increase in overseas revenue following the acquisition of Perilya, contributing to overall profit growth[25]. - The company maintains a stable customer base in the Pearl River Delta region, ensuring orderly production and operations[39]. - The company has implemented a customer-oriented marketing strategy to enhance service quality and market stability[39]. Related Party Transactions - The company reported a total of 10,538.41 million yuan in related party transactions during the reporting period[69]. - The company engaged in labor services with Guangdong Sixteen Construction Co., Ltd., amounting to 37.65 million yuan, accounting for 34.87% of similar transactions[68]. - The company sold aluminum products to its affiliate, generating revenue of 28.77 million yuan, which represents 15.59% of similar transactions[68]. Financial Reporting and Compliance - The company has not made any adjustments or restatements to previous years' accounting data due to changes in accounting policies or corrections of accounting errors[18]. - The company has not engaged in any major non-public fundraising investment projects during the reporting period[52]. - The financial report was approved on August 22, 2014, by the board of directors[133]. - The company adheres to the Chinese Accounting Standards and has a commitment to transparency in financial reporting[135]. Future Outlook and Strategies - The company plans to expand its market presence and invest in new product development to drive future growth[117]. - The company aims to enhance its operational efficiency through strategic initiatives and potential mergers and acquisitions[117]. - The company plans to continue its market expansion and product development strategies in the upcoming quarters[118].

Financial Performance - The company's operating revenue for Q1 2014 was ¥3,782,164,078.92, representing a 124.00% increase compared to ¥1,688,452,916.80 in the same period last year[7] - Net profit attributable to shareholders decreased by 17.64% to ¥72,606,609.19 from ¥88,153,485.78 year-on-year[7] - The net profit after deducting non-recurring gains and losses fell by 21.29% to ¥69,533,293.67 compared to ¥88,341,657.79 in the previous year[7] - Basic and diluted earnings per share decreased by 18.60% to ¥0.035 from ¥0.043 year-on-year[7] - The weighted average return on equity decreased by 0.35 percentage points to 1.21% from 1.56% in the previous year[7] Cash Flow and Assets - The net cash flow from operating activities improved significantly to ¥115,243,900.69, a 243.20% increase from a negative cash flow of ¥80,479,338.42 in the same period last year[7] - Total assets at the end of the reporting period were ¥14,427,339,146.12, a slight decrease of 0.15% from ¥14,449,665,050.75 at the end of the previous year[7] - Net assets attributable to shareholders increased by 2.61% to ¥6,121,652,565.82 from ¥5,965,836,309.68 at the end of the previous year[7] Shareholder Information - The total number of shareholders at the end of the reporting period was 201,314[10] - The largest shareholder, Guangdong Guangsheng Asset Management Co., Ltd., held 31.73% of the shares, amounting to 654,593,573 shares[10] Accounts and Loans - Accounts receivable at the end of the period decreased by 29.88% compared to the beginning of the period, mainly due to the recovery of accounts receivable during the current period[6] - Loans and advances at the end of the period increased by 39.46% compared to the beginning of the period, attributed to increased loans issued by the subsidiary financial company[6] Revenue and Costs - Operating revenue and operating costs increased by 124% and 166.11% respectively compared to the same period last year, primarily due to the increase in trade business conducted by subsidiaries[6] - Interest income increased by 46.12% compared to the same period last year, mainly due to increased interest income from interbank deposits by the subsidiary Jin Hui Futures Company[6] - Interest expenses increased by 205.91% compared to the same period last year, primarily due to increased financing activities by the subsidiary financial company[6] - Non-operating income increased by 285.82% compared to the same period last year, mainly due to increased government subsidy income recognized during the current period[6] Investment Activities - The company plans to raise up to RMB 1.41 billion through a non-public offering of shares, with proceeds allocated for debt repayment, expansion projects, and working capital[16] - The company approved an investment of RMB 83 million in the Guangxi Zhongjin Lingnan Mining Company for a production expansion project[17] - The net value of fixed assets that were suspended due to the relocation and upgrade of the Shaoguan smelting plant amounted to RMB 385.31 million[18] Future Outlook - The company expects significant changes in net profit compared to the same period last year, indicating potential losses or substantial fluctuations[22] Securities and Derivatives - The total initial investment in securities amounted to CNY 2,585,053, with a total loss of CNY 20,374.2 during the reporting period[23] - The company held 0.12% of the convertible bond "深机转债" with a market value of CNY 2,244,115, resulting in a loss of CNY 21,555[23] - The investment in "富奥股份" was CNY 9,100,000, representing 0.13% ownership, with a book value of CNY 11,369,780.84 and a profit of CNY 575,748.34[23] - The total derivative investment was CNY 222,581,100, with a report period profit of CNY 4,985,679[25] - The company engaged in hedging activities to mitigate risks associated with price fluctuations in lead, zinc, and silver, maintaining a controllable risk profile[26] - The company’s derivative investments are primarily in futures contracts, which are liquid and managed under strict compliance with internal policies[26] - The report period saw no significant changes in accounting policies or principles related to derivative investments compared to the previous reporting period[26] - The company’s total holdings in convertible bonds were 27,230 shares, maintaining a consistent percentage of ownership[23] - The company’s risk management strategies for derivative investments were confirmed to be in compliance with relevant laws and regulations[26] Business Development - The company conducted an on-site investigation on February 18, 2014, discussing business development, industry trends, and market sales with various investment institutions[27]

Financial Performance - The company reported a significant increase in revenue, with total operating income reaching 1.2 billion CNY, representing a year-on-year growth of 15%[17]. - The company achieved total operating revenue of CNY 21.16 billion, representing a year-on-year increase of 14.76%[26]. - Net profit attributable to shareholders was CNY 413.12 million, a decrease of 4.54% compared to the previous year[26]. - The company reported a net profit of 150 million CNY for the year, reflecting a profit margin of 12.5%[17]. - The company reported a net profit contribution from the acquired assets of 14.03 million yuan, accounting for 0.03% of total net profit[78]. - The company reported a total comprehensive income of RMB 448,922,061.60, down from RMB 569,426,852.94 in the previous year, reflecting a decrease of 21.1%[185]. - The company reported a net profit of RMB 432,788,785.50, compared to RMB 101,203,644.61 in the previous year, indicating a significant increase of approximately 327.5%[197]. Cash Flow and Dividends - The company plans to distribute a cash dividend of 0.30 CNY per 10 shares to all shareholders based on the total share capital as of December 31, 2013[4]. - The cash dividend for 2013 represents 14.98% of the net profit attributable to shareholders, which was RMB 413,122,430.54[74]. - The company reported a net cash flow from operating activities of CNY 971.03 million, down 34.7% from the previous year[26]. - The company reported a net increase in cash and cash equivalents of RMB 63.88 million, compared to an increase of RMB 42.49 million in the previous year[187]. - The company’s cash and cash equivalents at the end of 2013 amounted to ¥1,247,336,750.29, accounting for 8.63% of total assets[45]. Production and Capacity - The company has expanded its production capacity, with the addition of a new lead-zinc smelting facility expected to increase output by 20% in the upcoming year[17]. - The company produced 187,700 tons of lead-zinc concentrate, an increase of 3.13% year-on-year, while the production of sulfur concentrate decreased by 0.33% to 750,900 tons[26]. - The production of smelting products increased by 108.62% to 300,000 tons, while silver production rose by 328.73% to 49.09 tons[27]. - The company plans to produce approximately 188,900 tons of lead and zinc concentrate with silver content of about 103 tons in 2014[63]. Research and Development - The company is focusing on technological innovation, investing 50 million CNY in R&D for new metal processing technologies[17]. - Research and development expenses for 2013 amounted to ¥23,990.91 million, representing 1.13% of the company's operating revenue and 4.02% of net assets[38]. - The company is exploring new product lines, including high-purity metals, to cater to the growing demand in the electronics sector[17]. - Research and development expenses have increased by 4.4% this year, indicating a commitment to innovation and technology[189]. Market Expansion and Acquisitions - The company has identified potential acquisition targets in the Southeast Asian market to enhance its market presence and diversify its resource base[17]. - The company completed the acquisition of Australian company Peliya, enhancing its resource portfolio significantly, including lead, zinc, copper, silver, gold, nickel, and lithium[27]. - The company completed the acquisition of Peliya's minority shareholders by December 2013, leading to Peliya's delisting from the Australian Securities Exchange[68]. - The company aims to enhance its market expansion strategy, focusing on new product development and technological advancements[191]. Risk Management - The company emphasizes the importance of risk management strategies to mitigate potential market fluctuations and ensure sustainable growth[17]. - The company has identified potential risks including policy risks, safety and environmental risks, international operational risks, and metal price volatility risks[65]. Governance and Management - The company has established a governance structure that effectively protects shareholder rights, particularly for minority shareholders[143]. - The company has implemented enhanced supervision and inspection of senior management in areas such as integrity and discipline[132]. - The management team is committed to driving the company's growth through strategic initiatives and performance management[132]. - The company has established a performance evaluation and compensation system for senior management, linking their remuneration to the company's operational performance and individual work performance[132]. Employee and Shareholder Information - The company had a total of 10,521 employees as of December 31, 2013, with 8,133 domestic employees and 1,045 overseas employees[138]. - The total number of shares held by the current management team reflects a significant increase in ownership, indicating confidence in the company's future[117]. - The largest shareholder, Guangdong Guangsheng Asset Management Co., Ltd., holds 31.73% of the shares, amounting to 654,593,573 shares, which are currently pledged[109]. Financial Position - The company’s total assets at the end of the year were CNY 14.45 billion, an increase of 2.68% from the previous year[26]. - The company’s total liabilities rose to RMB 8,112,437,187.71, compared to RMB 6,980,124,927.47 at the start of the year, marking an increase of 16.2%[183]. - The company’s total equity decreased to RMB 6,337,227,863.04 from RMB 7,093,055,973.96, a decline of 10.7%[184]. Compliance and Audit - The audit fee paid to the domestic accounting firm was CNY 1,000,000[89]. - The company has established an independent financial department and accounting system, ensuring independent financial decision-making and tax compliance[158]. - The audit opinion confirmed that the financial statements fairly reflect the company's financial position and results for the year ended December 31, 2013[177].