证券代码：000546 证券简称：金圆股份 编号：2023-003 特定对象调研 □分析师会议 投资者关系活动类 □媒体采访 □业绩说明会 别 □新闻发布会 路演活动 □现场参观 其他 华安证券 广发证券 银河证券 中邮证券 参与单位名称及人 国元证券 野村东方国际证券 银珠资本 宝隽资产 员姓名 宁聚投资 正方（杭州）投资 时间 2023 年 05 月 17 日 15:00-17:00 地点 杭州市滨江区江虹路 1750 号润和信雅达创意中心 1 号楼 30 楼会议室 董事兼财务负责人、董事会秘书、副总经理 GUAN QINGCHUAN(关青川) 上市公司接待人员 先生 姓名 证券事务代表 杨晓芬女士 一、公司基本情况介绍 公司董事兼财务负责人、董事会秘书、副总经理 GUAN QINGCHUAN （关青川）先生对公司 2022 年度经营情况进行了详细介绍和分析，并 对 2023 年度经营规划做了简要介绍，证券事务代表杨晓芬女士详细介 投资者关系活动主 绍了公司捌千错项目现有产线建设的重要时间进程。 要内容介绍 二、投资者交流问答环节 Q1:2023 年公司万吨级项目建设计划及本年生产碳酸锂的目标总产量 为多 ...

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 参与单位名称及人 员姓名 通过"全景·路演天下"网站举行 2022 年度业绩说明会的投资者 时间 2023 年 05 月 11 日 15:00-17:00 地点 "全景·路演天下"网站 上市公司接待人员 姓名 董事长 徐刚先生 董事、总经理 赵辉先生 董事、副总经理、财务负责人、董事会秘书 GUAN QINGCHUAN(关青川) 先生 独立董事 何品晶先生 投资者关系活动主 要内容介绍 2023 年 05 月 11 日（周四）15:00 至 17:00，公司通过"全景·路演天 下"网站举办公司 2022 年度业绩说明会。投资者可通过链接网址 https://rs.p5w.net/html/137338.shtml 查看具体内容。 附件清单（如有） 无 日期 2023 年 05 月 11 日 证券代码：000546 证券简称：金圆股份 金圆环保股份有限公司投资者关系活动记录表 编号：2023-002 ...

Financial Performance - The company's operating revenue for Q1 2023 was ¥770,308,733.64, a decrease of 22.82% compared to ¥998,037,680.48 in the same period last year[4] - The net loss attributable to shareholders was ¥14,873,807.25, representing a 3.47% increase from a loss of ¥14,374,401.04 in the previous year[4] - Net profit for the current period was a loss of ¥45,738,035.15, compared to a loss of ¥15,889,701.41 in the previous period, indicating a worsening of 187.5%[20] - Total operating revenue for the current period was ¥770,308,733.64, a decrease of 22.8% compared to ¥998,037,680.48 in the previous period[19] Cash Flow - The net cash flow from operating activities was ¥274,338,357.52, a significant increase of 3,894.44% compared to -¥7,230,003.82 in Q1 2022[4] - Cash flow from operating activities generated ¥274,338,357.52, a significant improvement from a negative cash flow of ¥7,230,003.82 in the previous period[22] - The company reported a net cash outflow from investing activities of ¥228,641,352.23, slightly worse than the previous period's outflow of ¥227,064,430.00[23] - Cash flow from financing activities resulted in a net outflow of ¥243,177,095.31, compared to a net inflow of ¥126,876,216.07 in the previous period[23] - The ending balance of cash and cash equivalents was ¥239,052,094.45, down from ¥385,449,422.86 in the previous period[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥7,523,055,121.49, down 4.55% from ¥7,881,291,524.45 at the end of the previous year[4] - Current assets totaled CNY 3,755,646,201.63, down from CNY 4,228,533,800.98, indicating a decrease of about 11.1%[15] - Total liabilities decreased to CNY 2,001,180,897.90 from CNY 2,234,918,176.33, a reduction of about 10.5%[16] - The company's total equity as of March 31, 2023, was CNY 5,521,874,223.59, down from CNY 5,646,373,348.12, reflecting a decrease of approximately 2.2%[16] - The total liabilities to total assets ratio improved to approximately 26.6% from 28.3%, indicating a stronger equity position[17] Research and Development - The company's R&D expenses decreased by 98.00% to ¥695,647.54 from ¥34,801,449.53 in the same period last year, primarily due to the divestment of the cement and building materials business[9] - The company recorded a decrease in research and development expenses to ¥695,647.54 from ¥34,801,449.53, a reduction of 98.0%[19] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 52,867[11] - The largest shareholder, Jinyuan Holdings Group, holds 29.70% of the shares, with 140,280,000 shares pledged[11] Inventory and Receivables - The company’s inventory decreased by 41.35% to ¥631,647,561.01 from ¥1,077,061,927.41, mainly due to a reduction in inventory at its Jiangxi subsidiary[7] - Accounts receivable increased to CNY 166,631,205.49 from CNY 154,683,304.01, showing an increase of about 7.7%[15] - Inventory decreased significantly to CNY 631,647,561.01 from CNY 1,077,061,927.41, indicating a decline of approximately 41.5%[15] Expenses - The company experienced a significant decrease in sales expenses, which fell to ¥6,888,403.65 from ¥15,308,706.87, a reduction of 55.1%[19]

Group 1: Environmental Projects - The company has received environmental impact assessment approvals for several collaborative disposal projects, including those by Xuzhou Hongyu Environmental Technology Co., Ltd. and Sanming Southern Jinyuan Environmental Technology Co., Ltd. [1] - The construction period for the collaborative disposal projects is generally 6-9 months after obtaining the environmental assessment approval [1] Group 2: Team Development - The company has assembled a core team of high-end talents in the environmental industry, focusing on resource utilization, professional incineration, and collaborative disposal [2] - Plans are in place to continue developing a complete hazardous waste operation team through internal training and external recruitment of skilled professionals [2] Group 3: Business Performance - The company's cement business operates in regions such as Qinghai, Tibet, and Guangdong, with a leading market share in Qinghai for both cement and commercial concrete [2] - Profitability details for the cement and commercial concrete businesses will be disclosed in the annual report [2] Group 4: Shareholder Actions - The reduction in holdings by Kang En Bei Group and Mr. Qiu Yongping is attributed to personal funding needs [2] - Currently, there are no plans for share reduction from the controlling shareholder, Jinyuan Holdings Group [2]

Group 1: Company Overview and Activities - The company is Jin Yuan Cement Co., Ltd., with stock code 000546 [1] - The investor relations activity took place on November 14, 2017, at the subsidiary Geermu Hongyang Environmental Technology Co., Ltd. [1] - Participants included representatives from various investment firms such as Guotai Junan and E Fund [1] Group 2: Technical Insights and Operations - The chief technical expert introduced the process of co-disposal of hazardous waste using cement kilns [1] - The company focuses on three key areas in hazardous waste management: co-disposal in cement kilns, comprehensive resource utilization, and integrated disposal of hazardous (solid) waste [1] - Geermu Hongyang has an annual disposal capacity of 100,000 tons, indicating strong competitive strength in the market [2] Group 3: Challenges and Strategic Responses - Not all cement plants in Qinghai can perform co-disposal due to site selection and environmental assessments [1] - The company plans to enhance team capabilities through continuous internal training and external recruitment [1] - Compliance with peak production regulations is contingent on industry association arrangements or company applications [1] Group 4: Team and Cultural Aspects - Experts and professionals are attracted to the company due to its culture, incentive measures, and rapid advancement in hazardous waste management [1]

Group 1: Waste Disposal Pricing and Market Conditions - The waste disposal fees for cement kiln collaborative disposal projects vary by region, with higher fees observed in Jiangsu and Guangdong provinces [1] - The national hazardous waste policies have intensified recently, leading to a supply-demand imbalance in the hazardous waste disposal market [2] Group 2: Company Expertise and Team Composition - The company has established a core team of mid-to-high-end talents in environmental protection, particularly in resource utilization and hazardous waste disposal [1] - Continuous internal training and external recruitment are planned to build a complete hazardous waste operation team [2] Group 3: Safety and Operational Training - The company is implementing systematic production operation training, conducting video training sessions for frontline employees two to three times a week to enhance safety awareness [2] - A structured incentive mechanism is in place for project personnel, rewarding them based on project progress [3] Group 4: Strategic Partnerships and Project Management - The company maintains an open attitude towards cooperation, willing to collaborate on suitable projects, while being cautious about high acquisition prices for operational projects [2] - Projects are managed by divisions based on provincial units, with regular audits and inspections to ensure effective control [2]

Financial Performance - The company's operating revenue for Q3 2022 was ¥1,583,583,116.30, a decrease of 38.31% compared to the same period last year[5] - Net profit attributable to shareholders was ¥200,463,514.96, representing an increase of 32.92% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥44,526,203.34, a decline of 143.54% compared to the previous year[5] - The basic earnings per share for the quarter was ¥0.2567, up 21.66% from the previous year[8] - The weighted average return on equity was 3.80%, an increase of 80.95% year-on-year[8] - The company reported a significant decrease in net profit for the year-to-date period, with a total of ¥224,751,358.65, down 35.67% from the previous year[5] - The company's operating revenue decreased by 38.91% to CNY 4,387,170,382.33 compared to the previous period due to the impact of the pandemic on the construction materials business[18] - The company's net profit attributable to shareholders was CNY 244,989,718.30, down from CNY 283,363,058.35 in the previous period[17] - Total revenue for the third quarter was 4,867,089,069.05 CNY, a decrease from 7,371,164,855.53 CNY in the previous year, representing a decline of approximately 34.1%[43] - Net profit attributable to shareholders of the parent company was 224,751,358.65 CNY, down from 349,371,126.30 CNY, reflecting a decrease of about 35.7% year-over-year[40] - Operating profit for the quarter was 124,800,594.74 CNY, compared to 275,884,230.89 CNY in the same period last year, indicating a decline of approximately 54.7%[39] - Total comprehensive income attributable to shareholders of the parent company was 132,165,633.70 CNY, compared to 367,536,932.70 CNY in the previous year, a decrease of about 64.0%[40] - The company reported a net profit of 129,622,982.42 CNY, compared to 367,536,932.70 CNY in the previous year, representing a decline of about 64.8%[39] Assets and Liabilities - The total assets at the end of the reporting period were ¥8,616,966,214.26, a decrease of 20.16% compared to the end of the previous year[8] - Accounts receivable decreased by 85.33% to CNY 142,310,112.76, primarily due to the disposal of subsidiaries and increased customer repayments[18] - Other receivables increased by 423.46% to CNY 2,442,715,457.95, mainly due to increased receivables from equity disposals and dividends[18] - The company reported a 51.02% reduction in short-term borrowings to CNY 1,164,296,638.25, attributed to loan repayments and subsidiary disposals[18] - The total liabilities as of September 30, 2022, were RMB 2,428,457,502.08, a reduction from RMB 4,660,464,614.68 in the previous period, showing a decrease of about 47.9%[33] - The total non-current assets were RMB 3,632,812,017.64, down from RMB 6,171,336,503.45, indicating a decrease of approximately 41.5%[33] - The company's inventory as of September 30, 2022, was RMB 1,351,252,292.85, down from RMB 1,912,055,839.97, reflecting a decrease of about 29.3%[31] - The total owner's equity was RMB 6,188,508,712.18, slightly decreased from RMB 6,132,014,695.47, indicating a marginal decline of about 0.9%[33] Cash Flow - The net cash flow from operating activities was ¥612,091,424.95, an increase of 108.90% year-on-year[8] - Cash flow from operating activities was 612,091,424.95 CNY, an increase from 293,002,748.64 CNY in the previous year, showing a growth of approximately 108.9%[43] - The company reported a net cash inflow from investment activities of 890,308,469.41 CNY, compared to 731,847,116.18 CNY in the previous year, indicating an increase of approximately 21.7%[43] - Cash inflow from financing activities totaled approximately $2.11 billion, a slight decrease from $2.16 billion in the previous period[46] - Net cash outflow from financing activities was approximately -$771.54 million, compared to -$138.01 million in the prior period[46] - Cash and cash equivalents at the end of the period amounted to approximately $272.63 million, up from $253.25 million in the previous period[46] - The company received approximately $778.87 million in loans, down from $1.56 billion in the previous period[46] - Cash received from other financing activities was approximately $1.23 billion, an increase from $584.99 million in the prior period[46] - Cash paid for debt repayment was approximately $1.33 billion, compared to $1.72 billion in the previous period[46] - Cash paid for dividends and interest was approximately $100.51 million, down from $157.87 million in the previous period[46] - The impact of exchange rate changes on cash and cash equivalents was approximately $923.94 thousand, compared to -$51.08 thousand in the previous period[46] - The net increase in cash and cash equivalents was approximately -$220.24 million, compared to -$42.71 million in the previous period[46] Other Information - The company received government subsidies amounting to ¥6,894,079.77 during the quarter[11] - Non-recurring gains included a profit from the disposal of non-current assets of ¥266,804,266.36[11] - Research and development expenses decreased by 49.79% to CNY 121,593,360.61, reflecting reduced investment in R&D during the period[21] - Investment income surged by 1857.13% to CNY 282,944,762.89, primarily from the disposal of subsidiary equity[21] - The company experienced a 62.48% decline in other income to CNY 51,827,471.40, mainly due to a decrease in VAT refunds received[21] - The third quarter report was not audited[47] - The number of ordinary shareholders at the end of the reporting period was 45,180[22] - The largest shareholder, Jinyuan Holdings Group, holds a 29.70% stake, with 231,907,628 shares[22] - The company completed the acquisition of the Laguna Caro mining rights for USD 27 million, which was fully paid as per the agreement[26] - The company received the third phase of equity transfer payment amounting to RMB 500 million on September 19, 2022, as part of a conditional equity transfer agreement[27]

Financial Performance - The company reported a total revenue of 500 million CNY for the first half of 2022, representing a year-on-year increase of 15%[24] - The net profit attributable to shareholders was 80 million CNY, up 20% compared to the same period last year[24] - The company's operating revenue for the reporting period was ¥2,803,587,266.03, a decrease of 39.25% compared to the same period last year[31] - Net profit attributable to shareholders was ¥24,287,843.69, reflecting an 87.88% decline year-over-year[31] - The net profit after deducting non-recurring gains and losses was -¥14,085,496.36, a decrease of 110.54% compared to the previous year[31] - The company has set a performance guidance of 1 billion CNY in revenue for the full year 2022, reflecting a growth target of 20%[24] - Basic and diluted earnings per share were both ¥0.0311, down 88.91% from ¥0.2805 in the same period last year[31] Market Expansion and Strategy - The company plans to expand its market presence in three new provinces, aiming for a 30% increase in market share by the end of 2023[24] - The company is exploring potential mergers and acquisitions to enhance its service offerings and market reach[24] - The company plans to divest its building materials business to focus on sustainable development and low-carbon environmental industries[56] - The company aims to optimize its asset structure and focus resources on new energy after the completion of the equity sale[106] - The company is actively seeking overseas lithium resource projects, particularly in Argentina, to enhance its market position[111] Research and Development - New product development includes the launch of an eco-friendly material line, projected to contribute an additional 50 million CNY in revenue by Q4 2022[24] - The company has allocated 10 million CNY for R&D in new technologies aimed at improving waste management efficiency[24] - Research and development investment fell by 50.37% to ¥77,707,950.46 from ¥156,585,266.26 due to the impact of the pandemic[62] - The company acquired a 20% stake in Zhejiang Oupeng Technology Co., Ltd. for ¥200 million, focusing on the R&D and manufacturing of standardized lithium batteries for new energy vehicles[77] Environmental Compliance and Performance - The company is classified as a key pollutant discharge unit by environmental protection authorities[138] - The company adheres to multiple environmental protection laws and standards, including the Environmental Protection Law of the People's Republic of China[138] - The company has implemented strict environmental protection measures, complying with various environmental laws and ensuring no environmental violations occurred during operations[195] - The company has reported no instances of exceeding the permitted emission limits across its operations[144] - The company has established a comprehensive environmental monitoring plan and regularly conducts emissions monitoring to ensure compliance[185] Emissions and Pollution Control - The company reported a total nitrogen oxide emission of 359.48 mg/m³, which is below the standard limit of 400 mg/m³, with a total discharge of 187.31 tons for the year[144] - The sulfur dioxide emissions were recorded at 44.87 mg/m³, significantly under the limit of 200 mg/m³, resulting in a total discharge of 7.74 tons[144] - The company achieved a total particulate matter emission of 8.07 mg/m³, well within the permissible limit, with a total discharge of 9.55 tons[144] - The company has implemented measures to control emissions of various pollutants, including mercury and ammonia, with specific limits set for each[165] Financial Management and Investments - The company has not made any changes to the use of raised funds, with a total of 49,603.17 million raised and 12,445.07 million utilized so far[98] - The company has effectively utilized the raised funds according to its planned purposes, terminating the relevant supervision agreements after the funds were fully used[98] - The company reported a significant increase in cash flow from investing activities, rising by 212.56% to ¥31,627,661.71 from -¥69,475,898.11, attributed to equity transfer payments from subsidiaries[62] Social Responsibility - The company has actively engaged in social responsibility initiatives, donating a total of 1.1 million yuan to support disabled individuals, elderly residents, and COVID-19 relief efforts[196] - The company emphasizes the protection of employee rights, adhering to labor laws and creating a positive work environment to enhance employee satisfaction and loyalty[193] Risk Management - Risk factors identified include regulatory changes and market competition, with strategies in place to mitigate these risks[5] - The company has established a strict risk control system for its hedging operations to mitigate market and credit risks[96] - The company has implemented measures to enhance its market competitiveness and risk management strategies in response to economic uncertainties[111]

Financial Performance - The company's operating revenue for Q1 2022 was ¥998,037,680.48, a decrease of 35.51% compared to ¥1,547,670,522.70 in the same period last year[3] - The net profit attributable to shareholders was a loss of ¥14,374,401.04, an improvement of 24.71% from a loss of ¥19,092,420.98 in the previous year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥46,208,924.74, a decline of 256.80% compared to a loss of ¥12,951,031.51 last year[3] - The net cash flow from operating activities was negative at ¥7,230,003.82, a decrease of 105.39% from ¥134,145,454.86 in the same period last year[3] - The gross profit margin for Q1 2022 was negative, with an operating profit of -¥68,710,441.30 compared to -¥39,312,536.75 in the previous year[16] - The company reported a total comprehensive loss of ¥15,889,701.41 for Q1 2022, compared to a loss of ¥36,610,331.37 in the previous year[18] Research and Development - Research and development expenses increased by 330.81% to ¥34,801,449.53 from ¥8,078,234.09 in the previous year[6] - Research and development expenses increased significantly to ¥34,801,449.53, up from ¥8,078,234.09 in the same quarter last year, reflecting a focus on innovation[16] Assets and Liabilities - The total assets at the end of the reporting period were ¥10,903,590,869.46, an increase of 0.98% from ¥10,798,161,744.68 at the end of the previous year[3] - The total liabilities increased to ¥4,899,569,410.42 from ¥4,660,464,614.68, indicating a rise in financial obligations[16] - The equity attributable to shareholders decreased by 1.26% to ¥5,048,797,466.13 from ¥5,113,024,453.24 at the end of the previous year[3] Shareholder Information - The total number of common shareholders at the end of the reporting period is 46,661[8] - The largest shareholder, Jinyuan Holdings Group Co., Ltd., holds 29.70% of shares, totaling 231,907,628 shares[8] Cash Flow - The company's cash and cash equivalents at the end of the reporting period amount to RMB 685,943,575.61, down from RMB 822,361,793.36 at the beginning of the year, representing a decrease of approximately 16.6%[10] - Cash inflow from operating activities totaled 1,315,573,568.19, down from 2,151,964,117.64 in the previous period[21] - Cash outflow from operating activities was 1,322,803,572.01, compared to 2,017,818,662.78 in the previous period[21] - The net cash flow from investing activities is -227,064,430.00, worsening from -111,133,360.74 in the previous period[22] - Cash inflow from financing activities amounted to 821,463,658.13, an increase from 368,174,485.12 in the previous period[22] - The ending balance of cash and cash equivalents is 385,449,422.86, up from 353,500,302.83 in the previous period[22] Strategic Initiatives - The company plans to repurchase shares through centralized bidding, with a proposal approved to buy back shares[9] - The new chairman, Xu Gang, has committed to increasing his shareholding by at least RMB 15 million within six months[9] - The company has initiated a strategic plan for its second growth phase, which includes asset sales and other strategic initiatives[9] - The company is focusing on market expansion and new product development as part of its strategic initiatives[19] Investment Income - The company recorded an investment income of ¥1,671,605.58, a turnaround from a loss of ¥14,936,513.01 in the previous year, marking an increase of 111.19%[6] Current Assets - The company reported a total current asset of RMB 4,710,560,272.04, an increase from RMB 4,616,405,478.82 at the beginning of the year[11] - Accounts receivable decreased to RMB 893,507,361.48 from RMB 969,978,118.24, a decline of about 7.9%[11] Equity Investments - The company’s long-term equity investments increased to RMB 74,756,929.21 from RMB 33,369,764.21, reflecting a growth of approximately 124.5%[11] Audit Status - The company has not undergone an audit for the first quarter report[23]

Financial Performance - The company reported a profit distribution plan of 0.20 CNY per 10 shares, based on a total of 777,648,262 shares[5]. - The company's operating revenue for 2021 was CNY 8,739,040,652, representing a year-on-year increase of 0.78% compared to CNY 8,671,488,587.66 in 2020[31]. - The net profit attributable to shareholders for 2021 was CNY 86,300,133.19, a decrease of 81.81% from CNY 474,472,785.87 in 2020[31]. - The net profit after deducting non-recurring gains and losses was CNY 14,440,236.78, down 96.42% from CNY 403,683,345.82 in 2020[31]. - The net cash flow from operating activities was CNY 179,870,783.66, a decline of 68.05% compared to CNY 562,890,020.69 in 2020[31]. - The basic earnings per share for 2021 was CNY 0.12, down 81.82% from CNY 0.66 in 2020[31]. - The total assets at the end of 2021 were CNY 10,798,161,744.68, an increase of 10.12% from CNY 9,805,811,635.23 at the end of 2020[31]. - The net assets attributable to shareholders at the end of 2021 were CNY 5,113,024,453.24, up 11.63% from CNY 4,580,203,497.49 at the end of 2020[31]. - The company reported a total of ¥76,329,297 in financial assets at fair value, with ¥306,650.00 in other changes during the period[93]. - The company’s total distributable profit for the reporting period was 951,904,148.91 yuan, indicating a strong financial position[180]. Business Operations - The company is focused on expanding its market presence and enhancing its product offerings in the environmental sector[20]. - The company’s main business has transitioned to a dual business model focusing on building materials and environmental protection since 2017[26]. - The company has expanded its business scope to include the construction and operation of industrial solid waste and hazardous waste collection, storage, disposal, and comprehensive utilization projects[26]. - The company’s current business includes the production and sales of cement and auxiliary materials, as well as technical services related to building materials[26]. - The company has established a comprehensive hazardous waste disposal platform, holding licenses for 101.8617 million tons of disposal capacity[52]. - The company’s hazardous waste disposal business generated an operating revenue of 45,076.39 million yuan, down 12.60% year-on-year, with a net profit of 6,756.32 million yuan, a decline of 53.75%[49]. - The company plans to divest its building materials business due to saturated demand and rising raw material costs, with a reported revenue of 232,601.69 million yuan, down 10.60% year-on-year[50]. - The company has established new subsidiaries in the renewable energy sector, indicating a strategic expansion into new markets[73]. Research and Development - Research and development expenses increased by 13.39% to CNY 296,850,788.84 compared to the previous year[78]. - The company completed several R&D projects aimed at improving energy efficiency and reducing emissions, including a technology that achieves a SO2 removal efficiency of over 95%[79]. - The company’s R&D investment amounted to ¥299,028,871.81 in 2021, representing a 7.83% increase from ¥277,311,184.28 in 2020, and accounting for 3.42% of operating revenue[83]. - The number of R&D personnel increased to 407 in 2021, a 0.74% rise from 404 in 2020, with R&D personnel constituting 13.05% of the total workforce[83]. Market Trends and Industry Insights - The hazardous waste disposal industry is experiencing high demand due to increasing waste generation, with a total of 7,281.8 million tons of industrial hazardous waste produced in 2020[42]. - The company anticipates stable overall industry performance due to ongoing policies supporting cement production and infrastructure investment[41]. - The average ex-factory price of cement increased by 6.0% year-on-year in 2021, contributing to the overall stability in the cement sector[40]. - The market penetration rate of new energy vehicles reached 13.4% in 2021, up 8 percentage points from 2020, indicating a significant shift towards renewable energy sources[44]. - The company is actively exploring new energy materials as a core development goal, responding to the global shift towards clean energy and electric vehicles[118]. Corporate Governance - The company has a complete organizational structure, with independent governance bodies such as the board of directors and supervisory board[139]. - The company’s board of directors includes experienced professionals, such as Xu Gang, who has held various high-level positions in other major companies[148]. - The company emphasizes compliance with legal regulations regarding the appointment and remuneration of its directors and senior management[154]. - The company’s management team has a strong background in finance and environmental management, positioning it well for future growth[149]. - The company has held two shareholder meetings during the reporting period, ensuring compliance with regulations and protecting the rights of minority shareholders[136]. Strategic Development - The company aims to enhance its lithium resource extraction and recycling capabilities, focusing on a circular economy model[48]. - The company’s strategic shift towards the new energy materials sector is expected to drive future growth[49]. - The company plans to fully promote the domestic and overseas salt lake lithium mine projects, leveraging the acquisition of the Alichang Salt Lake lithium mine to build a benchmark project in Tibet[125]. - The company intends to enhance the recycling and utilization of waste lithium batteries and precious metals, aiming to become a leading enterprise in lithium battery recycling and resource recovery in China[127]. - The company will strategically exit traditional cement business to optimize asset structure and focus on new energy materials and low-carbon environmental industries[128]. Employee and Shareholder Relations - The company distributed a total cash dividend of 65,544,552.24 yuan (including other methods) during the reporting period, which accounted for 100% of the total profit distribution[182]. - The company implemented a cash dividend policy that ensures a minimum of 20% of profit distribution is allocated to cash dividends, reflecting its commitment to shareholder returns[182]. - The company has a total of 132 retired employees who require financial support, indicating ongoing obligations related to employee benefits[175]. - The company has engaged in labor outsourcing, with a total of 235,620 hours outsourced and total payments amounting to 16,663,885.62 yuan[179]. - The company has a structured training program aimed at enhancing employee skills and knowledge, contributing to a competitive workforce[177].