证券代码：000426 证券简称：兴业矿业 公告编号：2023-44 内蒙古兴业矿业股份有限公司 关于参加内蒙古辖区上市公司 2023 年投资者 网上集体接待日活动的公告 本公司及董事会全体成员保证信息披露的内容的真实、准确和完整，没有虚 假记载、误导性陈述或者重大遗漏。 为进一步加强与投资者的互动交流，内蒙古兴业矿业股份有限公司（以下简 称"公司"）将参加由内蒙古证监局、内蒙古上市公司协会与深圳市全景网络有 限公司联合举办的"2023 年内蒙古辖区上市公司投资者集体接待日活动"，现 将相关事项公告如下： 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站 （http://rs.p5w.net），或关注微信公众号：全景财经，或下载全景路演 APP，参 与本次互动交流，活动时间为 2023 年 6 月 9 日（周五） 15:30-17:00。届时公司 高管将在线就公司 2022 年度业绩、公司治理、发展战略、经营状况、融资计划 和可持续发展等投资者关心的问题，与投资者进行沟通与交流，欢迎广大投资者 踊跃参与！ 特此公告。 内蒙古兴业矿业股份有限公司董事会 二〇二三年六月六日 ...

证券代码：000426 证券简称：兴业矿业 内蒙古兴业矿业股份有限公司 投资者关系活动记录表 编号：2023 -01 | 投资者关系活动类别 | ☐特定对象调研 ☐分析师会议 | | --- | --- | | | ☐媒体采访 业绩说明会 | | | ☐新闻发布会 ☐路演活动 | | | ☐现场参观 | | | ☐其他（请文字说明其他活动内容） | | 参与单位名称及人员姓名 | 线上参与公司2022年度业绩说明会的全体投资者 | | 时间 | 2023年05月24日 15:00-16:30 | | 地点 | 价值在线（https://www.ir-online.cn/）网络互动 | | 上市公司接待人员姓名 | 董事长 吉兴业先生 | | | 董事、总经理 张树成先生 | | | 董事、副总经理、财务总监 董永先生 | | | 董事、副总经理、董事会秘书 孙凯先生 | | | 独立董事 张世潮先生 | | | 证券事务代表 尚佳楠女士 | | | 1 .吉董，公司23年一季报显示流动负债32亿，公司流动资产 6.8亿，即便银行贷款十亿，偿债压力十分重，为何还要斥资2亿多 | | 投资者关系活动主要内容 | ...

证券代码：000426 证券简称：兴业矿业 公告编号：2023-41 内蒙古兴业矿业股份有限公司 关于举办 2022 年度业绩说明会的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚 假记载、误导性陈述或者重大遗漏。 重要内容提示： 内蒙古兴业矿业股份有限公司（以下简称"公司"）已于 2023 年 4 月 29 日 在巨潮资讯网上披露了《兴业矿业：2022 年年度报告》及《兴业矿业：2022 年 年度报告摘要》。为便于广大投资者更加全面深入地了解公司经营业绩、发展战 略等情况，公司定于 2023 年 05 月 24 日（星期三）15:00-16:30 在"价值在线" （www.ir-online.cn）举办内蒙古兴业矿业股份有限公司 2022 年度业绩说明会， 与投资者进行沟通和交流，广泛听取投资者的意见和建议。 董事长吉兴业先生，董事、总经理张树成先生，董事、副总经理、财务总监 董永先生，董事、副总经理、董事会秘书孙凯先生，独立董事张世潮先生，证券 事务代表尚佳楠女士。 三、投资者参加方式 会议召开时间：2023 年 05 月 24 日（星期三）15:00-16:30 会议召开方式：网络互 ...

Financial Performance - The company's operating revenue for Q1 2023 was ¥458,991,934.99, a decrease of 11.15% compared to the same period last year[4] - Net profit attributable to shareholders was ¥13,990,219.80, representing a significant decline of 76.96% year-over-year[4] - The total profit decreased by 78.87% to ¥15,992,658.47, highlighting a challenging financial environment[10] - The total profit for Q1 2023 was CNY 15.99 million, down 78.87% compared to the previous year[16] - Net profit attributable to shareholders was CNY 13.99 million, reflecting a decline of 76.96% year-on-year[17] - Net profit for Q1 2023 was CNY 15,992,658.47, significantly lower than CNY 75,695,999.64 in Q1 2022, indicating a decline of 78.9%[20] - The total comprehensive income for the first quarter was CNY 14,212,092.56, down from CNY 63,046,695.87 year-over-year, indicating a decrease of about 78%[22] Cash Flow - The net cash flow from operating activities decreased by 27.91% to ¥129,621,823.59 compared to the previous year[4] - The company's cash flow from operating activities decreased by 27.91% compared to the previous period[11] - The net cash flow from operating activities was CNY 129,621,823.59, down from CNY 179,795,103.81, showing a decrease of about 28%[23] - Cash inflows from operating activities amounted to CNY 536,702,749.87, compared to CNY 469,875,801.77 in the previous year, reflecting an increase of approximately 14.2%[23] - Cash outflows from operating activities totaled CNY 407,080,926.28, up from CNY 290,080,697.96, which is an increase of around 40.4%[23] - The cash flow from investing activities resulted in a net outflow of CNY 132,947,468.14, compared to a net outflow of CNY 72,188,801.19 in the previous year, indicating a worsening of approximately 84%[24] - The cash flow from financing activities showed a net outflow of CNY 23,716,763.89, compared to a net outflow of CNY 27,518,344.86 in the same period last year, reflecting an improvement of about 13.5%[24] - The ending cash and cash equivalents balance was CNY 70,911,498.43, down from CNY 209,422,525.87, representing a decrease of approximately 66.1%[24] Assets and Liabilities - Total assets at the end of the reporting period were ¥9,486,887,596.05, reflecting a decrease of 1.46% from the end of the previous year[4] - Total assets as of the end of Q1 2023 were CNY 9,486,887,596.05, down from CNY 9,627,417,740.00 at the beginning of the year[19] - Total liabilities decreased to CNY 3,911,926,046.47 from CNY 4,071,082,023.65, a decline of 3.9%[19] Research and Development - Research and development expenses surged by 688.68% to ¥13,932,410.63, driven by increased investments from subsidiaries[10] - The company reported R&D expenses of CNY 13,932,410.63 for Q1 2023, a significant increase from CNY 1,766,544.55 in Q1 2022, reflecting a growth of 692.5%[20] Market Conditions - The average market price of tin in Q1 2023 was CNY 208,894.07 per ton, down 37.61% from CNY 334,814.66 per ton in the same period last year[17] - The company experienced a significant decline in sales prices for its main products, zinc concentrate and tin concentrate, due to changes in market demand[17] Other Information - The weighted average return on equity was 0.25%, down from 1.13% in the same period last year, indicating a decline in profitability[4] - The company's total equity attributable to shareholders increased slightly by 0.34% to ¥5,569,348,777.04 compared to the previous year[4] - The company's subsidiary, Qianjinda Mining, faced production stoppages due to insufficient ore reserves and delays in resuming operations after the Spring Festival[17] - The basic and diluted earnings per share for the first quarter were CNY 0.0076, down from CNY 0.0330 year-over-year, indicating a decline of about 77%[22] - The company did not undergo an audit for the first quarter report[25]

Financial Performance - The company's operating revenue for 2022 was CNY 2,085,888,738.73, representing a 3.84% increase compared to CNY 2,008,804,402.32 in 2021[18]. - The net profit attributable to shareholders of the listed company decreased by 29.44% to CNY 173,900,470.00 from CNY 246,465,571.88 in the previous year[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 200,798,812.84, down 27.34% from CNY 276,352,582.23 in 2021[18]. - The net cash flow from operating activities increased by 12.89% to CNY 776,720,487.49, compared to CNY 688,043,714.49 in 2021[18]. - Basic earnings per share decreased by 29.43% to CNY 0.0947 from CNY 0.1342 in the previous year[18]. - The diluted earnings per share for 2022 was CNY 0.0947, a decrease of 29.43% compared to CNY 0.1342 in 2021[19]. - The weighted average return on equity was 3.19%, down from 4.69% in the previous year, reflecting a decline of 1.50%[19]. - Total assets increased by 6.30% to CNY 9,623,982,135.25 at the end of 2022, compared to CNY 9,053,627,782.98 at the end of 2021[19]. - Net assets attributable to shareholders rose by 3.47% to CNY 5,550,724,678.52 from CNY 5,364,742,471.13 in 2021[19]. - The total profit for 2022 was CNY 18,234,850, a decrease of 48.86% compared to the previous year, primarily due to provisions for bad debts and asset impairments totaling CNY 8,441,600[76]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of CNY 0.17 per 10 shares, based on a total of 1,837,192,219 shares[4]. - The total distributable profit for 2022 was CNY 297,078,111.11, with a cash dividend of CNY 31,232,267.72, representing 100% of the profit distribution[190]. - The cash dividend per 10 shares was CNY 0.17 (including tax), based on a total share capital of 1,837,192,219 shares[191]. - The company has established a stable and scientific return mechanism for investors, adhering to its profit distribution policy without any adjustments during the reporting period[189]. - The cash dividend totalled CNY 31,232,267.72, with a remaining undistributed profit balance of CNY 265,845,843.39 to be retained for the next year[191]. Operational Efficiency and Cost Management - The company has reported a significant increase in cash flow from operations, indicating improved liquidity and operational efficiency[18]. - The total operating costs for the mining sector were approximately ¥1.15 billion, an increase of 14.32% year-on-year[81]. - Labor costs in the mining sector increased to ¥333.13 million, accounting for 28.88% of total operating costs, up from 25.46% the previous year[87]. - The company has achieved an annual cost savings of CNY 154,200 through the implementation of deep hole blasting technology, significantly improving construction efficiency by nearly 4 times compared to traditional methods[98]. - The optimization of mining parameters has led to a reduction in ore loss and dilution, enhancing economic benefits and increasing the blasting volume per operation, thereby improving mining production capacity[98]. Market and Industry Outlook - The overall industry outlook for non-ferrous metals remains stable, with the company committed to improving its governance structure and internal controls to enhance profitability and risk resilience[140]. - The company is committed to expanding its overseas investment and international trade platform, focusing on acquiring foreign mineral resources, particularly gold mines[143]. - The company faces significant risks from market price fluctuations, particularly in the non-ferrous metals sector, which is highly cyclical and sensitive to international price changes[144]. - The company is focused on resource-based operations while expanding its global footprint and extending its industrial layout[141]. Research and Development - The company increased its R&D personnel to 139 in 2022, representing 13.63% of the workforce, a significant increase from 0 in 2021[111]. - R&D investment amounted to approximately CNY 75.34 million in 2022, accounting for 3.61% of operating revenue, compared to 0% in 2021[111]. - The company has established high-efficiency green mining R&D centers to accelerate technological advancements[74]. - The company is focusing on digital and intelligent mining solutions to address rising labor costs and energy consumption controls[102]. Risk Management - The company faces risks related to market price fluctuations, safety production, environmental protection, and policy changes[4]. - Safety production risks include natural disasters, equipment failures, and human errors that could lead to mining accidents[145]. - Environmental protection risks arise from waste emissions during mineral resource extraction, which could adversely affect the company's business outlook and financial performance[146]. - The company plans to enhance risk control awareness and conduct futures hedging to mitigate the impact of market price volatility on its performance[149]. Governance and Management - The company has a diverse management team with backgrounds in mining engineering, finance, and management, enhancing its operational capabilities[159][160]. - The current Chairman, Ji Xingye, has been in position since December 2011, indicating stability in leadership[159]. - The company is focused on maintaining a strong governance structure with independent directors overseeing operations[162]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 9.4629 million, with a standard total remuneration of CNY 7.8632 million[169]. Subsidiary Performance - Inner Mongolia Xingye Mining Co., Ltd. reported a net profit of -24.24 million CNY for its subsidiary Inner Mongolia Xingye Group Xilin, with a revenue of 143.02 million CNY, indicating a significant loss[137]. - The subsidiary Inner Mongolia Xingye Group Rongguan achieved a net profit of 181.52 million CNY with a revenue of 597.86 million CNY, reflecting strong performance in the non-ferrous metal selection business[137]. - The subsidiary Xilin Gol League Shuangyuan Nonferrous reported a net loss of -2.34 million CNY, with a revenue of only 9.58 million CNY, highlighting challenges in the non-ferrous metal smelting sector[137].

Financial Performance - The company's operating revenue for 2022 was ¥2,085,888,738.73, an increase of 3.84% compared to ¥2,008,804,402.32 in 2021[16]. - The net profit attributable to shareholders for 2022 was ¥173,900,470.00, a decrease of 29.44% from ¥246,465,571.88 in 2021[16]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥200,798,812.84, down 27.34% from ¥276,352,582.23 in 2021[16]. - The net cash flow from operating activities increased by 12.89% to ¥776,720,487.49 from ¥688,043,714.49 in 2021[16]. - The total assets at the end of 2022 were ¥9,623,982,135.25, reflecting a 6.30% increase from ¥9,053,627,782.98 at the end of 2021[17]. - The net assets attributable to shareholders at the end of 2022 were ¥5,550,724,678.52, up 3.47% from ¥5,364,742,471.13 at the end of 2021[17]. - The basic earnings per share for 2022 was ¥0.0947, a decrease of 29.43% from ¥0.1342 in 2021[17]. - The total profit for 2022 was CNY 18,234,850, a decrease of 48.86% year-on-year, while the net profit attributable to shareholders was CNY 17,390,050, down 29.44%[49]. - The company reported a significant increase in zinc concentrate revenue, which reached CNY 772,295,537.57, accounting for 37.02% of total revenue, reflecting a growth of 32.67%[50]. Dividends and Profit Distribution - The company reported a cash dividend of 0.17 yuan per 10 shares for all shareholders, based on a total of 1,837,192,219 shares[5]. - The total distributable profit for 2022 was CNY 297,078,111.11, with a cash dividend distribution of CNY 31,232,267.72, representing 100% of the profit distribution[139]. - The cash dividend totalled CNY 31,232,267.72, with a remaining undistributed profit balance of CNY 265,845,843.39 to be retained for the next fiscal year[139]. Business Operations and Strategy - The company has not changed its main business, which is focused on non-ferrous metal mining, since the last report period[14]. - The company's main business is non-ferrous and precious metal mining and smelting, with 99.71% of 2022 revenue coming from non-ferrous metal mining[27]. - The company operates 13 subsidiaries across five sectors: mining, smelting, investment, trade, and research[27]. - The company has maintained a leading position in the non-ferrous metal mining industry, with significant mineral reserves and production capacity[25]. - The company has established a complete industrial chain for non-ferrous metal resources, enhancing its risk resistance and development potential[37]. - The company plans to enhance its resource reserves by acquiring mining rights from its controlling shareholder, which will further strengthen its market position[44]. Risk Management - The company emphasizes the potential risks related to market price fluctuations, safety production, environmental protection, and policy changes[4]. - The company's future development outlook includes a discussion of potential risks in the management analysis section of the report[4]. - The company must obtain mining and exploration rights, and failure to renew these rights in a timely manner could adversely affect operations[104]. - The company plans to enhance risk control awareness and conduct futures hedging to mitigate the impact of market price fluctuations on performance[104]. Environmental Responsibility - The company is committed to environmental protection and has not been affected by environmental policies during the reporting period[24]. - The company has implemented measures to ensure that wastewater is treated and reused, with no external discharge occurring[151]. - The company has established a commitment management system to regulate the fulfillment of performance commitments and protect the interests of minority investors[149]. - The company has actively maintained and repaired pollution prevention facilities to ensure compliance with environmental standards during daily operations[151]. - The company has committed over 3 million yuan in donations for public health and poverty alleviation efforts during the reporting period[154]. Governance and Management - The company’s financial report has been confirmed as true, accurate, and complete by its management team, including the CEO and accounting head[4]. - The company has established an independent governance structure, ensuring operational independence from the controlling shareholder in personnel, business, assets, and financial matters[107][108]. - The company’s board includes 12 members, with 4 independent directors and 8 non-independent directors[113]. - The company has maintained a stable management structure with no reported resignations or dismissals during the reporting period[112]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to 9.4629 million CNY, with a total standard for remuneration and allowances set at 7.8632 million CNY[122]. Research and Development - The company is committed to continuous research and development, collaborating with top research institutions to improve mining technology and processes[48]. - R&D investment amounted to ¥75,341,487.98 in 2022, accounting for 3.61% of operating revenue, a notable increase from 0% in 2021[75]. - The company has increased its R&D personnel to 139 in 2022, representing 13.63% of the workforce, a significant increase from 0% in 2021[75]. - The company is exploring automation technologies to address labor shortages and improve production efficiency in mining operations[70]. Subsidiary Performance - Inner Mongolia Xingye Mining Co., Ltd. reported a net profit of -24.24 million CNY for the year 2022, a significant decline compared to previous years[94]. - The company’s subsidiary, Rongbang Mining, achieved a net profit of 5.00 million CNY in 2022, down 84.59% from 32.46 million CNY in 2021, primarily due to lower ore grades during the construction of the second phase of the mining area[96]. - Qianjinda Mining reported a net profit of 30.32 million CNY in 2022, a decrease of 85.08% from 203.17 million CNY in 2021, attributed to insufficient ore reserves during construction[97]. Restructuring and Compliance - The company completed a restructuring that resulted in the acquisition of 100% of Yinman Mining, which is currently in the construction phase and will engage in silver mining and sales upon commencement of operations[161]. - The company has committed to maintaining the independence of its operations and avoiding any related party transactions that could harm shareholder interests[162]. - The company has established measures to prevent competition with the listed company, including ceasing competitive operations or transferring competing assets at fair prices[166]. - The company has confirmed that it has not engaged in any illegal activities or significant civil litigation related to economic disputes in the last five years[165]. Financial Management - The company has engaged Tianheng Accounting Firm for internal control audits, with a fee of 600,000 yuan for the reporting period[188]. - The company has confirmed a contingent liability of CNY 71.1788 million due to a lawsuit regarding a 51% equity transfer, which was reversed after winning the appeal[190]. - The company has included 14 subsidiaries and partnerships in its consolidated financial statements, an increase of 1 compared to the previous year, due to the establishment of Haishuo Investment, with a total subscribed capital contribution ratio of 100%[187]. - The company has received partial cash dividends returned from related parties, totaling RMB 1,005,600, with specific amounts from different entities[177].

Financial Performance - Revenue for the quarter increased by 61.11% to RMB 364,698,441.56[3] - Net profit attributable to shareholders surged by 353.25% to RMB 62,850,375.56[3] - Basic earnings per share rose by 353.33% to RMB 0.0342[3] - Weighted average return on equity increased by 1.69% to 1.21%[3] - Revenue for the reporting period reached 364,698,441.56 yuan, a significant increase from 226,364,428.25 yuan in the same period last year[39] - Net profit attributable to the parent company's owners was 62,850,375.56 yuan, a significant improvement from a loss of 24,817,326.38 yuan in the same period last year[41] - Basic earnings per share for the reporting period were 0.0342 yuan, compared to a loss of 0.0135 yuan per share in the previous year[41] - The company's comprehensive income for the reporting period was 65,801,945.39 yuan, a significant improvement from a loss of 21,144,238.50 yuan in the same period last year[41] - Revenue for the reporting period reached 600.57 million yuan, an increase from 564.12 million yuan in the same period last year[43] - Net profit for the period was a loss of 121.01 million yuan, compared to a loss of 102.86 million yuan in the previous year[44] - Basic earnings per share were -0.0659, down from -0.0560 in the same period last year[44] - Parent company revenue increased to 130.72 million yuan from 58.21 million yuan in the previous year[46] - Parent company net profit was 100.33 million yuan, a significant increase from 470.25 million yuan in the previous year[46] - Other comprehensive income after tax for the parent company was -36.26 million yuan, compared to 8.49 million yuan in the previous year[46] - Total comprehensive income for the parent company was 64.06 million yuan, down from 478.74 million yuan in the previous year[46] Cash Flow and Liquidity - Operating cash flow increased by 166.09% to RMB 248,816,361.03[3] - Net cash flow from operating activities decreased by 248.67% to RMB -41,233,630.63, leading to a significant reduction in net cash and cash equivalents[14] - Sales revenue from goods and services received in cash was 707,021,204.33 yuan, a slight increase from 696,888,737.52 yuan in the previous period[47] - Total cash inflow from operating activities was 745,672,262.78 yuan, compared to 702,805,771.64 yuan in the previous period[47] - Net cash flow from operating activities was 246,619,133.38 yuan, a decrease from 275,114,594.53 yuan in the previous period[47] - Net cash flow from investing activities was -165,894,898.73 yuan, slightly improved from -167,870,144.69 yuan in the previous period[47] - Net cash flow from financing activities was -121,957,865.28 yuan, compared to -119,070,303.53 yuan in the previous period[47] - Cash and cash equivalents decreased by 41,233,630.63 yuan, compared to a decrease of 11,825,853.69 yuan in the previous period[47] - Parent company's cash inflow from operating activities was 722,769,972.63 yuan, a decrease from 919,663,849.98 yuan in the previous period[48] - Parent company's net cash flow from operating activities was -135,049,893.51 yuan, an improvement from -456,918,621.31 yuan in the previous period[48] - Parent company's net cash flow from investing activities was 189,872,136.01 yuan, a decrease from 523,984,486.00 yuan in the previous period[48] - Parent company's net cash flow from financing activities was -57,076,789.96 yuan, an improvement from -66,977,777.78 yuan in the previous period[48] Assets and Liabilities - Total assets decreased by 0.92% to RMB 9,184,411,299.92 compared to the end of the previous year[3] - Prepayments increased by 56.57% to RMB 6,898,934.61 due to increased advance payments for material procurement[10][11] - Accounts receivable for dividends increased by 100.00% to RMB 2,400,000.00 due to undeclared cash dividends from a trust company[11] - Notes payable decreased by 100.00% to RMB 0 as bank acceptance notes matured and were settled[12] - Contract liabilities increased by 100.00% to RMB 157,482,010.34 due to the adoption of new revenue recognition standards[13] - Other current liabilities surged by 762.45% to RMB 21,028,022.82 due to reclassification of prepayments and increased customer deposits[13] - Current portion of non-current liabilities decreased by 84.91% to RMB 178,576,298.56 after repaying RMB 1.1 billion in bank loans[13] - Bonds payable increased by 100.00% to RMB 1,095,341,048.12 due to RMB 1.1 billion debt financing through the Beijing Financial Assets Exchange[13] - The company's monetary funds decreased to 171.57 million yuan as of September 30, 2020, compared to 227.58 million yuan at the end of 2019[35] - Accounts receivable decreased to 65.97 million yuan as of September 30, 2020, from 71.47 million yuan at the end of 2019[35] - Inventory increased to 177.13 million yuan as of September 30, 2020, compared to 140.92 million yuan at the end of 2019[35] - Long-term equity investments decreased to 488.69 million yuan as of September 30, 2020, from 493.85 million yuan at the end of 2019[35] - Fixed assets increased to 2.98 billion yuan as of September 30, 2020, compared to 2.91 billion yuan at the end of 2019[35] - Construction in progress decreased to 793.61 million yuan as of September 30, 2020, from 877.78 million yuan at the end of 2019[35] - Intangible assets decreased to 3.34 billion yuan as of September 30, 2020, compared to 3.36 billion yuan at the end of 2019[35] - Total assets decreased to 9.18 billion yuan as of September 30, 2020, from 9.27 billion yuan at the end of 2019[35] - Short-term borrowings increased to 544.87 million yuan from 546.02 million yuan[36] - Accounts payable decreased to 633.36 million yuan from 658.08 million yuan[36] - Contract liabilities stood at 157.48 million yuan[36] - Long-term borrowings decreased to 420.77 million yuan from 504.93 million yuan[36] - Total liabilities decreased to 3.96 billion yuan from 3.89 billion yuan[36] - Total owner's equity increased to 5.22 billion yuan from 5.37 billion yuan[36] - Monetary funds decreased to 1.20 million yuan from 3.45 million yuan[37] - Long-term equity investments decreased to 4.45 billion yuan from 4.45 billion yuan[37] - Total assets increased to 6.07 billion yuan from 5.90 billion yuan[37] - Total liabilities increased to 1.40 billion yuan from 1.30 billion yuan[38] - Total assets amounted to 9,269,385,280.99, with current assets totaling 778,547,530.38 and non-current assets at 8,490,837,750.61[50][51] - Total liabilities stood at 3,894,518,817.70, including current liabilities of 2,936,546,458.52 and non-current liabilities of 957,972,359.18[51] - Total equity reached 5,374,866,463.29, with equity attributable to the parent company at 5,369,239,276.80 and minority interests at 5,627,186.49[52] - The company's monetary funds remained stable at 227,577,602.83[50] - Accounts receivable were reported at 71,470,971.04, showing no change from the previous period[50] - Inventory levels were maintained at 140,921,388.47[50] - Development expenditure increased significantly to 3,364,499,086.20[50] - Short-term borrowings were recorded at 546,018,754.30[51] - Accounts payable stood at 658,078,736.59[51] - Total assets amounted to 5,897,041,169.86 yuan, with current assets totaling 1,069,694,534.65 yuan and non-current assets totaling 4,827,346,635.21 yuan[53] - Long-term equity investments stood at 4,453,711,225.62 yuan, representing a significant portion of non-current assets[53] - Total liabilities were 1,297,527,945.49 yuan, with current liabilities accounting for 1,249,178,460.12 yuan and non-current liabilities at 48,349,485.37 yuan[54] - Owner's equity totaled 4,599,513,224.37 yuan, including 1,837,192,219.00 yuan in share capital and 2,230,174,634.33 yuan in capital reserve[54] - The company's total liabilities and owner's equity equaled total assets at 5,897,041,169.86 yuan[54] Shareholder Information - The largest shareholder, Inner Mongolia Xingye Group Co., Ltd., holds 30.27% of the shares[6] - The second-largest shareholder, Gansu Northwest Mining Group Co., Ltd., holds 7.94% of the shares[6] - The third-largest shareholder, Chifeng Fulong Public Utilities (Group) Co., Ltd., holds 7.52% of the shares[6] Legal and Regulatory Matters - The company won the appeal in the second trial regarding the 51% equity transfer dispute of Tongdu Mining, with the Yunnan High Court supporting the company's appeal request[15] - The company's subsidiary, Yinman Mining, has fully resumed production after passing the safety inspection and reclaiming the "Safety Production License"[16] - The company's controlling shareholder, Xingye Group, entered the restructuring process, with the first creditors' meeting held on July 13, 2020, and the restructuring is still progressing steadily[18] - Yinman Mining experienced a major safety accident on February 23, 2019, leading to a suspension of production until the recent resumption[16] - The company filed an appeal against the first-instance judgment of the Tongdu Mining equity transfer case on May 10, 2020, and the Yunnan High Court held a hearing on September 9, 2020[15] - Xingye Group's restructuring plan and property management plan were approved during the first creditors' meeting on July 13, 2020[18] - The court ruled on July 23, 2020, that Xingye Group, Yulong State Guesthouse, and Budun Yingen should be restructured under a substantive consolidation approach[18] - The company disclosed multiple updates on the progress of the Tongdu Mining equity transfer case and the Yinman Mining safety accident throughout 2019 and 2020[19] - The company's controlling shareholder, Xingye Group, was officially accepted for restructuring by the Chifeng Intermediate People's Court on October 8, 2019[18] - The company's subsidiary, Yinman Mining, completed safety rectifications and resumed production after the 2019 accident, with the "Safety Production License" reissued on July 28, 2020[16] Performance Commitments and Compensation - The net profit of the mining rights assets for 2017, 2018, and 2019 is expected to be no less than RMB 365.6791 million, RMB 463.8965 million, and RMB 463.8965 million respectively, with cumulative profits for 2017-2019 reaching RMB 1,293.4721 million[22] - Tanghe Times' adjusted performance commitment for 2019, 2020, and 2021 is RMB 41.3816 million, RMB 165.6304 million, and RMB 163.7100 million respectively, with a cumulative total of RMB 370.7220 million[22] - Xingye Group needs to compensate Xingye Mining RMB 79.2468 million for Tanghe Times' 2017 performance shortfall, to be paid in cash by June 30, 2019[23] - Rongbang Mining's profit forecasts for 2017, 2018, and 2019 are RMB 4.2220 million, RMB 18.3368 million, and RMB 24.2705 million respectively[23] - As of December 31, 2019, Yinman Mining's cumulative net profit after financial expenses was RMB 880.5640 million, failing to meet the performance commitment[24] - The total compensation amount for Yinman Mining's performance shortfall is RMB 770.5686 million, corresponding to 127,156,540 shares to be repurchased and canceled[25] - Xingye Group, Ji Xiang, Ji Wei, and Ji Zhe are required to return cash dividends totaling RMB 5.0738 million for the held period[25] Investments and Hedging - The company's derivative investment in zinc during Q3 2020 resulted in a loss of RMB 3.3711 million[26] - Zinc futures trading is conducted for hedging purposes, with positions opened based on the company's annual operating goals and strict adherence to the hedging plan to control risks[27] Operating Costs and Expenses - Sales expenses decreased by 40.34% to RMB 1,224,788.29 due to reduced transportation costs from fewer door-to-door deliveries[13] - Other income increased by 141.76% to RMB 566,687.46 due to higher government subsidies and debt restructuring gains[13] - Operating costs for the reporting period were 285,378,334.39 yuan, compared to 231,474,629.31 yuan in the previous year[39] - Parent company's operating costs for the reporting period were 108,523,609.03 yuan, compared to 33,253,262.91 yuan in the previous year[42] - Operating costs amounted to 664.58 million yuan, higher than the previous year's 636.69 million yuan[43] - Interest expenses for the parent company were 63.89 million yuan, slightly lower than the previous year's 66.73 million yuan[46] - Investment income for the parent company was 187.24 million yuan, a decrease from 550.82 million yuan in the previous year[46] Miscellaneous - Non-recurring gains and losses amounted to a net loss of RMB 38,359,451.63[5] - The company implemented the new revenue recognition standard (ASBE 14) effective January 1, 2020, reclassifying prepayments to contract liabilities and other current liabilities[52] - The third quarter report was not audited, as indicated by the company's board of directors[55]

Financial Performance - Total assets increased by 3.66% to CNY 9,673,253,413.12 compared to the end of the previous year[8] - Net assets attributable to shareholders increased by 7.96% to CNY 5,813,075,434.67 compared to the end of the previous year[8] - Operating revenue for the current period was CNY 653,155,833.45, a 1.43% increase year-on-year, while total revenue for the year-to-date reached CNY 1,784,788,856.71, up 23.35%[8] - Net profit attributable to shareholders for the current period was CNY 199,540,831.05, a 2.22% increase year-on-year, with year-to-date net profit reaching CNY 567,151,832.56, up 41.38%[8] - Basic earnings per share for the current period was CNY 0.1071, a 2.49% increase year-on-year, while year-to-date basic earnings per share was CNY 0.3037, up 41.45%[8] - Operating profit increased by 39.93% to ¥762.36 million, with net profit rising by 41.38% to ¥567.15 million, supported by higher sales prices for zinc concentrate[21] Shareholder Information - The company reported a total of 40,884 shareholders at the end of the reporting period[12] - The largest shareholder, Inner Mongolia Xingye Group Co., Ltd., holds 29.61% of the shares, amounting to 556,075,350 shares[12] Cash Flow and Investments - The net cash flow from operating activities for the year-to-date was CNY 977,281,179.05, an increase of 11.64%[8] - Cash and cash equivalents decreased by 69.79% to ¥162.39 million due to loan repayments, stock buybacks, and increased investments in mining projects[1] - Accounts receivable decreased by 48.02% to ¥62.60 million, attributed to the collection of bank acceptance bills and increased sales on credit[2] - Other receivables surged by 1558.31% to ¥133.86 million, primarily due to pending performance compensation from a related group[4] - Long-term equity investments increased by 100% to ¥294.18 million, resulting from the addition of a joint venture in Yunnan[5] - Prepayments rose by 47.83% to ¥9.67 million, driven by increased advance payments for material purchases[3] - Investment income skyrocketed by 2600.42% to ¥11.91 million, due to increased cash dividends from financial investments[12] - The net cash flow from financing activities improved by 44.81%, reflecting a decrease in cash used for debt repayment[17] Share Repurchase and Incentive Plans - The company did not engage in any repurchase transactions during the reporting period[13] - A stock incentive plan was approved, granting 9.199 million restricted shares at a price of ¥4.42 per share to 42 participants[27] - The company approved the 2018 Restricted Stock Incentive Plan, with the grant date set for June 7, 2018, and the listing date for the granted shares on July 3, 2018[28] - The company plans to repurchase shares with a total amount not exceeding RMB 340 million, at a maximum price of RMB 8.5 per share[29] - As of September 30, 2018, the company had repurchased 31.3083 million shares, accounting for 1.67% of the total share capital, with a total transaction amount of RMB 199.8758 million[30] Asset Acquisition and Restructuring - The company is planning to issue shares to acquire 99.89% of the assets of Turpan Xueyin Metal Mining Co., Ltd., after abandoning the acquisition of 100% equity in Yunnan Maguan Xingyuan Mining Co., Ltd.[31] - The company received an inquiry letter from the Shenzhen Stock Exchange regarding the asset acquisition plan on August 16, 2018, and submitted a response on August 24, 2018[32] - The company’s stock resumed trading on August 27, 2018, after the disclosure of the asset acquisition plan[32] - The company is actively advancing the restructuring work, including auditing and evaluation, and will disclose the restructuring report and related announcements upon completion[34] Performance Commitments and Compensation - The actual profit of Tanghe Era and Rongbang Mining in 2017 did not meet the committed profit, requiring Xingye Group to compensate Xingye Mining with RMB 84,897,436.01[39] - As of the report date, part of the performance compensation amount from the major shareholder Xingye Group has been received, totaling RMB 11,067,011.61, while the remaining compensation is still under communication[39] - The profit forecast for the target mining rights in 2017, 2018, and 2019 is RMB 41,381,600, RMB 165,630,400, and RMB 163,710,000 respectively[38] - The profit forecast for the Rongbang Mining target mining rights in 2017, 2018, and 2019 is RMB 4,222,000, RMB 18,336,800, and RMB 24,270,500 respectively[38] - The company is actively urging the major shareholder to fulfill its performance commitments[39] Compliance and Governance - The company does not have any securities investment during the reporting period[40] - The company does not have any entrusted wealth management during the reporting period[40] - The company does not have any derivative investments during the reporting period[42] - There are no violations of external guarantees during the reporting period[44] - There are no non-operating fund occupations by controlling shareholders and their related parties during the reporting period[45]

Financial Performance - The company's operating revenue for the first half of 2018 was ¥1,131,633,023.26, representing a 40.93% increase compared to ¥802,972,614.33 in the same period last year[15]. - The net profit attributable to shareholders of the listed company reached ¥367,611,001.51, a significant increase of 78.50% from ¥205,939,950.48 in the previous year[15]. - Basic earnings per share rose to ¥0.1966, up 78.40% from ¥0.1102 in the previous year[15]. - The total profit for the period was CNY 49,232.94 million, an increase of 75.49% compared to the previous year[45]. - The net profit attributable to shareholders reached CNY 36,761.10 million, marking a growth of 78.50% year-on-year[45]. - The company achieved a revenue of CNY 1,131,633,023.26 in the first half of 2018, representing a year-on-year growth of 40.93%[45]. - The company reported a net profit margin of 18% for the first half of 2018, reflecting improved cost control measures and operational efficiency[94]. - The company reported a significant increase in revenue, achieving a total of 1.2 billion CNY for the first half of 2018, representing a year-on-year growth of 15%[111]. Cash Flow and Assets - The net cash flow from operating activities decreased by 25.61% to ¥362,429,499.74, down from ¥487,174,780.87 in the same period last year[15]. - The total assets at the end of the reporting period were ¥9,380,003,113.33, a slight increase of 0.52% from ¥9,331,359,719.75 at the end of the previous year[15]. - The company's fixed assets increased to CNY 3.57 billion, accounting for 38.11% of total assets[55]. - The company's cash and cash equivalents rose to CNY 249.19 million, up from CNY 167.54 million in the previous year[55]. - Current assets decreased to ¥760,219,364.36 from ¥921,149,782.91, a decline of about 17.5%[196]. - Cash and cash equivalents dropped significantly from ¥537,492,049.40 to ¥249,191,283.40, a decrease of approximately 53.7%[196]. - Total liabilities decreased to ¥3,582,702,400.77 from ¥3,956,011,957.03, a reduction of around 9.4%[197]. Business Operations - The company's main business is the mining and smelting of non-ferrous and precious metals, with 14 subsidiaries divided into four major sectors: mining, smelting, investment, and trade[23]. - The company generated 99.61% of its total revenue from non-ferrous metal mining and selection during the first half of 2018[35]. - The company operates the largest single silver mine in China, with an annual silver production of 210 tons[36]. - The company has established a complete industrial chain for non-ferrous metals, including exploration, development, mining, and trading, enhancing its risk resistance and growth potential[35]. - The company has a geographical advantage with rich mineral resources in Inner Mongolia, which supports its resource acquisition and sustainable profitability[38]. - The main products include lead, zinc, silver, tin, copper, and iron, with specific applications in various industries such as electronics, construction, and defense[24][32]. Strategic Plans and Future Outlook - The company plans to continue its strategy of internal resource accumulation and external expansion, focusing on management, exploration, safety, and mergers and acquisitions[47]. - The company provided a positive outlook for the second half of 2018, projecting a revenue growth of 10% to 12% based on current market trends and demand[95]. - New product development efforts are underway, with an investment of 200 million CNY allocated for R&D in innovative mining technologies[93]. - The company plans to expand its market presence by entering two new provinces, aiming for a 25% increase in market share by the end of 2019[94]. - A strategic acquisition of a smaller mining firm is in progress, expected to enhance operational capacity and increase annual revenue by approximately 300 million CNY[95]. Environmental and Safety Commitments - The company emphasizes the importance of environmental protection in its mining operations, addressing potential risks such as waste discharge and ecological imbalance[68]. - The company aims to optimize resource allocation and improve efficiency in resource utilization to mitigate environmental risks[68]. - The company has established a comprehensive environmental management and supervision system to comply with national standards in mining and processing[68]. - The management emphasized the importance of sustainable practices in operations, aiming to reduce environmental impact by 15% over the next year[112]. Corporate Governance and Compliance - The company is committed to maintaining independence in operations and financial matters as a listed entity[74]. - The company has ongoing commitments to ensure the accuracy and completeness of information provided in transactions[74]. - The company is committed to ensuring fair pricing and conditions for related party transactions, promising to compensate any losses incurred due to violations of this commitment[96]. - The company guarantees the authenticity and completeness of the information provided for the restructuring, assuming legal responsibility for any inaccuracies[120]. - The company has committed to timely disclosure of information related to the restructuring in compliance with relevant laws and regulations[82]. Shareholder Relations - The company held two temporary shareholder meetings with participation rates of 68.01% and 54.03% respectively[71]. - The company has a long-term commitment to reduce and regulate related party transactions to protect shareholder interests[74]. - The company will ensure that related transactions do not harm the legitimate rights and interests of the listed company and its shareholders[82]. - The company has committed to maintaining effective internal control and fund management systems to prevent any misuse of funds[96]. Risks and Challenges - The company faces risks related to price fluctuations, industry cyclicality, and safety production, which investors should be aware of[4]. - Safety production risks are present due to potential natural disasters and equipment failures during mining operations[67]. - The company faces risks related to market price fluctuations, which could significantly impact profitability due to the cyclical nature of the non-ferrous metal industry[66].

Financial Performance - The company's operating revenue for 2017 was CNY 2,111,439,098.89, representing a 143.90% increase compared to CNY 865,709,634.32 in 2016[15] - The net profit attributable to shareholders for 2017 was CNY 564,985,327.55, a significant increase of 531.56% from CNY 89,458,746.07 in 2016[15] - The net cash flow from operating activities reached CNY 1,166,917,269.46, up 494.21% from CNY 196,379,929.06 in the previous year[15] - Basic earnings per share for 2017 were CNY 0.3024, an increase of 432.39% compared to CNY 0.0568 in 2016[16] - The total profit for 2017 reached CNY 75,607.81 million, representing a growth of 404.03% compared to the previous year[59] - The company achieved a total sales revenue of ¥2,111,439,098.89 in 2017, representing a year-on-year growth of 143.90%[63] - The mining sector contributed ¥2,032,496,014.79, accounting for 96.26% of total revenue, with a year-on-year increase of 202.24%[65] - The company reported a gross margin of 63.54% for domestic sales, an increase of 18.85% year-on-year[67] Assets and Investments - The total assets at the end of 2017 were CNY 9,331,359,719.75, a decrease of 4.42% from CNY 9,762,776,062.90 at the end of 2016[16] - The net assets attributable to shareholders increased by 10.69% to CNY 5,384,406,824.12 from CNY 4,864,492,161.94 in 2016[16] - The company holds the largest reserves of lead (8.93 million tons) and zinc (22.7 million tons) in China, providing a strong resource advantage[47] - The company has a total resource reserve of 63.6 million tons, including 111,330 tons of zinc and 10,172.36 tons of silver, positioning it as a major player in the mining sector[26] - The company has made significant investments in technology and equipment, achieving advanced production levels in its mining operations[52] Operational Developments - The company has not made any changes to its main business since the last report, which remains focused on non-ferrous metal mining[13] - The company plans to commence trial operations for its new mining project in the second half of 2018, which is expected to enhance production capacity[25] - The company has achieved a production capacity of 80,000 tons of lead ingots annually after the official launch of its lead smelting business[31] - The company’s silver mining subsidiary, Yiman Mining, has an annual silver production capacity of 210 tons, making it the largest silver production mine in China[42] - The company has established a complete industrial chain for non-ferrous metal resources, enhancing its risk resistance and development potential[26] Cash Flow and Financing - Operating cash inflow increased by 154.99% to ¥2,138,490,626.07, primarily due to increased sales of main mineral products[78] - Operating cash outflow rose by 51.27% to ¥971,573,356.61, mainly due to increased tax payments associated with higher sales revenue and total profit[79] - Financing cash inflow rose by 21.84% to ¥3,482,000,000.00, mainly due to increased bank loans[80] - Financing cash outflow surged by 199.89% to ¥4,520,301,931.65, primarily due to higher cash payments for debt repayment[80] - Cash and cash equivalents decreased by 161.61% to -¥606,498,873.06, mainly due to reduced net cash flow from financing activities[80] Risk Management - The company has identified risks related to price fluctuations, industry cycles, and safety production in its business operations[3] - The company faces cyclical risks in the non-ferrous metal industry, which directly impact operational performance and profitability[97] - Price volatility in non-ferrous metals due to various factors, including supply surplus and weak demand, poses a risk to the company's profitability[98] - Safety production risks are present due to natural disasters, equipment failures, and human errors during mining activities[99] Shareholder Returns - The company plans to distribute a cash dividend of CNY 0.20 per 10 shares, based on a total of 1,868,500,557 shares[3] - The company distributed a cash dividend of 0.20 CNY per 10 shares, totaling 37,370,011.14 CNY for the year 2017, which represents 6.61% of the net profit attributable to shareholders[109] - The retained earnings after the dividend distribution for 2017 amounted to 520,005,678.28 CNY[108] - The company has a three-year dividend plan (2016-2018) that is strictly followed, ensuring consistent shareholder returns[104] Corporate Governance and Compliance - The company has engaged in multiple investor communications, receiving 59 institutions and 166 individuals throughout the year[101] - The company has committed to providing accurate and complete information regarding transactions, with a commitment date of October 24, 2011, and this commitment is still valid and being fulfilled[111] - The controlling shareholder, Xingye Group, has pledged to maintain the independence of the listed company in terms of personnel, finance, assets, and operations, with the same commitment date and status[111] - The company has not faced any administrative penalties from the China Securities Regulatory Commission in the past 36 months[115] - The company has not been publicly reprimanded by the stock exchange in the past 12 months[115] Future Outlook - The company expects metal prices to trend upward in 2018 due to global economic recovery and industry improvement, enhancing profitability and risk resistance[96] - The company provided guidance for the next fiscal year, projecting revenue growth of 10% to 12%[124] - The company anticipates a net profit of CNY 463.90 million for 2018 and 2019, maintaining a consistent growth trajectory[142] Environmental and Social Responsibility - The company is committed to sustainable development and environmental protection, ensuring minimal noise and dust pollution in mining areas[185] - The company donated a total of CNY 83,136 during the reporting period for various charitable causes[186]