Financial Performance - Revenue for Q3 2021 was CNY 414,632,313.12, a decrease of 26.00% compared to the same period last year[4] - Net profit attributable to shareholders was CNY 125,677,576.55, down 20.00% year-on-year[4] - Net profit excluding non-recurring items was CNY 117,612,005.88, a decrease of 3.00% compared to the previous year[4] - The company’s basic earnings per share decreased to CNY 0.1821, down 19.99% compared to the same period last year[4] - The weighted average return on equity was 5.23%, a decrease of 26.27% year-on-year[4] - The company's net profit attributable to shareholders increased to CNY 2,145,100,835.84 from CNY 1,905,780,167.60, reflecting a growth of 12.5%[26] - The net profit for the third quarter was CNY 317,345,597.56, an increase of 37.3% compared to CNY 231,229,540.65 in the same period last year[30] - The total profit amounted to CNY 379,433,908.68, up from CNY 275,902,063.46, reflecting a growth of 37.5% year-over-year[30] - Operating profit reached CNY 379,587,426.04, compared to CNY 276,483,063.95, indicating a year-over-year increase of 37.3%[30] - Basic and diluted earnings per share were both CNY 0.3469, compared to CNY 0.2555 in the previous year, representing a growth of 35.7%[33] - Total comprehensive income attributable to the parent company was CNY 239,320,668.24, compared to a loss of CNY 6,349,777.68 in the previous year[33] Assets and Liabilities - Total assets increased to CNY 5,216,268,258.41, up 12.35% from the end of the previous year[4] - Total assets increased to CNY 5,216,268,258.41 from CNY 4,642,922,619.29, marking a growth of 12.3%[26] - Total liabilities rose to CNY 2,187,451,617.59 from CNY 2,018,744,099.09, an increase of 8.4%[26] - Cash and cash equivalents increased significantly, with total current assets rising to CNY 1,594,950,685.16 from CNY 1,348,921,798.92, a growth of 18.2%[26] - The company reported a significant increase in inventory, which rose to CNY 213,165,756.75 from CNY 126,528,736.68, a growth of 68.3%[26] - Long-term equity investments increased to CNY 639,072,068.19 from CNY 342,071,835.77, reflecting an increase of 86.8%[26] - Current liabilities total $1,344,809,037.77, showing an increase of $6,231,127.58[46] - Total liabilities amount to $2,018,744,099.09, with an increase of $6,758,296.48[46] - The total equity attributable to shareholders is $2,224,094,005.11, remaining unchanged[46] Cash Flow - The company reported a significant increase in cash flow from operating activities, reaching CNY 374,127,759.82, up 117.38% year-on-year[4] - Cash flow from operating activities generated CNY 374,127,759.82, significantly higher than CNY 172,105,438.93 in the same quarter last year[36] - The company reported cash inflows from operating activities of CNY 1,195,288,720.87, down from CNY 1,393,216,641.94 year-over-year[34] - Cash outflows from investing activities totaled CNY 814,624,521.38, compared to CNY 275,811,470.54 in the previous year, indicating increased investment activity[37] - The net cash flow from financing activities was CNY -68,748,836.54, compared to CNY -64,341,653.58 in the same period last year[37] - The company experienced a net decrease in cash and cash equivalents of CNY -478,643,164.98, compared to CNY -137,515,352.32 in the previous year[37] - The cash and cash equivalents balance at the end of the period is $306,129,772.13, an increase from $188,290,681.29[40] - Total current assets amount to $1,348,921,798.92, with a slight decrease of $447,833.30 compared to the previous period[40] Shareholder Information - The total number of common shareholders at the end of the reporting period is 39,312[12] - Gansu Shengda Group Co., Ltd. holds 31.30% of shares, totaling 215,939,596 shares, with 43,680,140 shares under pledge[12] - Zhao Mantang, a natural person shareholder, holds 5.25% of shares, totaling 36,189,200 shares, with 25,370,000 shares under pledge[12] Investments and Acquisitions - The company invested RMB 95 million to establish Beijing Shengda New Energy Co., Ltd., aiming to expand its business in the new energy metal sector[16] - The company is actively progressing towards acquiring 72.50% of Guizhou Dingshengxin Mining Development Co., Ltd.[16] - The company holds 155,000,000 shares of Lanzhou Bank, accounting for 3.0237% of its total share capital prior to the IPO[16] Financial Adjustments and Standards - The company has not undergone an audit for the third quarter report[47] - The company has implemented new leasing standards starting from 2021, affecting financial statement adjustments[40] - The report indicates that the company has not disclosed any new product developments or market expansion strategies in this quarter[45]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥550,663,738.33, representing an increase of 11.94% compared to ¥491,928,715.93 in the same period last year[23]. - Net profit attributable to shareholders was ¥113,642,348.01, a significant increase of 490.81% from ¥19,235,097.27 in the previous year[23]. - The net profit after deducting non-recurring gains and losses reached ¥105,500,788.06, compared to a loss of ¥35,328,106.93 in the same period last year, marking a 398.63% improvement[23]. - The net cash flow from operating activities was ¥138,264,988.89, a turnaround from a negative cash flow of ¥51,625,365.96 in the previous year, reflecting a 367.82% increase[23]. - Basic earnings per share rose to ¥0.1647, up 490.81% from ¥0.0279 in the same period last year[23]. - The company's operating revenue for the reporting period was ¥550,663,738.33, representing an increase of 11.94% compared to ¥491,928,715.93 in the same period last year, primarily due to a 157.90% increase in mining revenue[45]. - The operating cost decreased by 47.18% to ¥213,419,655.83 from ¥404,040,592.10, attributed to a shift in revenue structure towards higher-margin mining operations[45]. - The gross profit margin for the non-ferrous metal mining business increased to 68.25%, up 22.74% year-on-year, driven by rising metal prices and increased production volume[49]. - The company reported a substantial increase in income from lead concentrate (including silver), which reached ¥298,999,766.48, a 121.68% increase year-on-year[49]. - The company's tax expenses increased by 232.03% to ¥30,044,129.40, reflecting a rise in total profit[45]. Assets and Liabilities - Total assets at the end of the reporting period were ¥5,011,430,249.87, an increase of 7.94% from ¥4,642,922,619.29 at the end of the previous year[23]. - Net assets attributable to shareholders increased to ¥2,339,082,359.54, up 5.17% from ¥2,224,094,005.11 at the end of the previous year[23]. - Cash and cash equivalents decreased by 12.38% to ¥226,747,671.03, down from ¥784,773,037.11 at the end of the previous year[54]. - Long-term equity investments decreased by 4.17% to ¥160,362,592.96, down from ¥342,071,835.77, attributed to the consolidation of JinYe Environmental[54]. - Fixed assets increased by 3.00% to ¥1,317,370,920.42, up from ¥1,081,395,647.46, mainly due to the inclusion of JinYe Environmental in the consolidation scope[54]. - Total liabilities increased from CNY 2,018,744,099.09 at the end of 2020 to CNY 2,136,565,799.25, marking a rise of about 5.85%[166]. - The company's equity attributable to shareholders rose from CNY 2,224,094,005.11 at the end of 2020 to CNY 2,339,082,359.54, an increase of approximately 5.15%[169]. Investments and Acquisitions - The company is in the process of acquiring a 72.50% stake in Guizhou Dingshengxin, which holds a lead-zinc resource of 327.44 million tons with an average grade of 8.97%[33]. - The company completed the acquisition of 70% equity in Inner Mongolia Shengda Guangcai Metal Materials Co., Ltd. for a transfer price of 800.58 million yuan[101]. - The company acquired Hunan Jinye Environmental Technology Co., Ltd., which will help enter the new energy metal sector, enhancing operational performance[73]. - The company’s investment activities generated a net cash outflow of -¥705,833,403.75, a 347.65% increase in outflow compared to -¥157,675,177.12, primarily due to payments for the acquisition of a lead-zinc mine[45]. Market and Industry Conditions - The average price of silver in the first half of 2021 was 5,400 yuan/ton, a 34.83% increase compared to the same period last year[39]. - Zinc futures prices increased by 6.80% from 20,600 yuan/ton to 22,000 yuan/ton, while lead prices rose by 9.59% from 14,600 yuan/ton to 16,000 yuan/ton[39]. - The company expects continued high prices for non-ferrous metals in the second half of 2021, driven by the recovery of domestic industrial production[39]. - The company’s operational performance is closely linked to global economic conditions and the supply-demand dynamics of non-ferrous metals[39]. - The company faces cyclical risks in the industry, with strategies in place to adjust sales and acquisition strategies to mitigate performance volatility[74]. - The company is exposed to risks from fluctuations in non-ferrous metal prices, with measures to manage costs and maximize sales during high price periods[74]. Operational Efficiency and Technology - The company utilizes advanced mining and processing technologies, including priority flotation processes and automated control systems, to enhance production efficiency[35]. - The company operates six mining subsidiaries, with four currently in production and two under preparation, aiming for an annual production capacity of 250,000 tons from the Ba Yan Da Ba silver polymetallic mine[33]. Risk Management - The company maintains a risk reserve fund to ensure timely margin replenishment during hedging operations to avoid liquidity risks[69]. - The company has established internal control procedures for futures hedging, including approval processes and risk management measures[69]. - The company’s hedging strategy is designed to mitigate the operational risks associated with price fluctuations of its main products[69]. - Safety production risks are present due to the nature of the mining industry, prompting the company to enhance daily operational management and safety measures[76]. Shareholder and Equity Information - The company did not distribute cash dividends or issue bonus shares for the reporting period[83]. - The total number of shares after the change is 689,969,346, with 83.89% being unrestricted shares[130]. - Gansu Shengda Group holds 31.30% of the shares, totaling 215,939,596 shares, with 43,680,140 shares under lock-up[138]. - The company has not conducted any repurchase transactions among the top 10 shareholders during the reporting period[142]. - The company is in compliance with the regulations regarding shareholder disclosures and has provided necessary information on shareholding changes[141]. Compliance and Governance - The semi-annual financial report was not audited[95]. - There were no major litigation or arbitration matters during the reporting period[99]. - The company did not engage in any significant related party transactions during the reporting period[100]. - The company has established an emergency response plan for environmental incidents and has no recorded administrative penalties for environmental issues[89].

Financial Performance - The company's operating revenue for Q1 2021 was ¥173,720,914.08, representing a 23.37% increase compared to ¥140,809,175.41 in the same period last year[9] - Net profit attributable to shareholders was ¥7,487,957.93, a significant turnaround from a loss of ¥43,257,761.46, marking a 117.31% improvement[9] - The net profit after deducting non-recurring gains and losses was ¥11,500,542.58, compared to a loss of ¥41,297,048.92, reflecting a 127.85% increase[9] - Operating revenue for Q1 2021 rose by 23.37% to ¥173,720,914.08, primarily driven by increased mining revenue after reducing low-margin trading income[24] - Operating costs decreased by 40.82% to ¥80,861,525.69, reflecting a shift towards higher-margin mining revenue[24] - The company reported a 400.50% increase in tax expenses to ¥10,677,820.30, driven by increased resource taxes from mining revenue growth[24] - The total profit for the current period is 10,805,926.80, compared to a loss of 46,142,436.28 in the previous period[74] - The operating profit for the current period is 11,158,263.82, while the previous period recorded a loss of 46,077,873.57[74] Cash Flow - The net cash flow from operating activities was -¥137,707,042.50, an improvement of 14.39% from -¥160,850,380.61 in the previous year[9] - Cash flow from operating activities for the current period is 222,169,505.68, down from 410,696,520.07 in the previous period[85] - Operating cash inflow totaled CNY 239,178,905.60, a decrease from CNY 411,597,356.11 in the previous period[89] - Operating cash outflow amounted to CNY 376,885,948.10, down from CNY 572,447,736.72 year-over-year[89] - Net cash flow from investing activities was CNY -671,505,880.90, worsening from CNY -82,896,505.36 year-over-year[89] - Financing cash inflow totaled CNY 154,473,766.71, with a net cash flow from financing activities of CNY 80,765,875.50, compared to CNY -18,064,629.17 previously[91] Assets and Liabilities - The company's total assets increased by 5.91% to ¥4,917,448,957.52 from ¥4,642,922,619.29 at the end of the previous year[9] - The company's total liabilities increased to CNY 2,151,670,724.49 from CNY 2,018,744,099.09[56] - The total equity attributable to shareholders of the parent company was CNY 2,236,100,116.82, up from CNY 2,224,094,005.11[59] - The company's current assets totaled CNY 1,352,939,136.23, slightly up from CNY 1,348,921,798.92 at the end of 2020[50] - Total liabilities increased to CNY 1,223,211,772.85 from CNY 1,135,380,707.51, representing a rise of approximately 7.7%[66] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 37,116[14] - The largest shareholder, Gansu Shengda Group Co., Ltd., holds a 31.30% stake, amounting to 215,939,596 shares[14] - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[20] Investments and Acquisitions - The company plans to acquire an additional 9.12% stake in Hunan Jinye Environmental Technology Co., increasing its ownership to 58.12%[28] - The company initiated a major asset restructuring process to acquire a 72.50% stake in Guizhou Dingshengxin Mining Development Co., Ltd.[28] - The initial investment cost for domestic and foreign stocks was CNY 27,720,000, with a current fair value of CNY 14,481,342.48, reflecting a loss of CNY 3,507,471.44 during the reporting period[32] Financial Management - Financial expenses increased by 66.78% to ¥25,525,409.96, mainly due to increased bank borrowings[24] - The company reported a decrease in financial expenses, with interest expenses dropping to CNY 26,254,219.28 from CNY 15,491,377.80, indicating improved cost management[71] Derivative Investments and Hedging - The company engaged in silver futures hedging at the Shanghai Futures Exchange, using the settlement price as the fair value for the contracts[38] - The company has established internal controls for hedging activities, including risk management measures to mitigate market price fluctuations[38] - The company has set a stop-loss line to control price fluctuation risks in its hedging process[38] - The cumulative fair value change recognized in equity for the securities investment was CNY 16,746,128.96[32] Other Comprehensive Income - Other comprehensive income after tax attributable to the parent company is 4,202,580.00, with no amount in the previous period[74] - The company reported a financial asset reclassification amounting to 4,202,580.00 in other comprehensive income[77]

Financial Performance - The company's operating revenue for 2020 was ¥1,637,777,142.58, a decrease of 43.54% compared to ¥2,900,686,684.46 in 2019[23] - The net profit attributable to shareholders for 2020 was ¥290,622,431.44, down 35.19% from ¥448,436,292.55 in 2019[23] - Basic earnings per share for 2020 were ¥0.42, a decrease of 35.19% compared to ¥0.65 in 2019[23] - Total revenue for the year was approximately ¥1,637,976,142, with a quarterly breakdown of ¥140,809,175.41 in Q1, ¥351,119,540.52 in Q2, ¥562,067,454.09 in Q3, and ¥583,780,972.56 in Q4[28] - Net profit attributable to shareholders was ¥290,622,571.44 for the year, with a quarterly performance of -¥43,257,761.46 in Q1, ¥62,492,858.73 in Q2, ¥157,067,774.23 in Q3, and ¥114,319,559.94 in Q4[28] - The total profit amounted to CNY 49,023.84 million, down 30.31% year-on-year, while net profit attributable to shareholders was CNY 29,062.24 million, a decline of 35.19%[61] - Revenue from non-ferrous metal mining was $1,151,664,082.30, accounting for 70.32% of total revenue, down 13.69% from $1,334,372,573.51 in 2019[77] - Revenue from non-ferrous metal trading dropped significantly by 68.98% to $485,801,390.55, down from $1,566,024,282.31 in 2019[77] - The company reported a total sales volume of 12,232.43 tons for lead, a decline of 40.94% from 20,710.87 tons in 2019[82] - The company’s lead production volume was 12,504.54 tons, down 35.17% from 19,289.44 tons in 2019[82] Cash Flow and Investments - The net cash flow from operating activities was ¥598,801,913.82, showing a slight increase of 0.19% from ¥597,693,409.65 in 2019[23] - The total cash inflow from investment activities was 69,549,250.68 CNY, a decrease of 66.27% compared to the previous year[95] - The total cash and cash equivalents increased by 458,967,003.50 CNY, marking a significant rise of 973.90% year-on-year[98] - Investment cash inflows decreased by 66.27% compared to the same period last year, primarily due to reduced cash from investment recoveries and related activities[99] - Net cash flow from investment activities increased by 25.17% compared to the same period last year, attributed to decreased fixed asset construction and external investments[99] - Net cash flow from financing activities increased by 243.35% year-on-year, primarily due to a reduction in debt repayment amounts[99] - Cash and cash equivalents at the end of the period amounted to 784.77 million yuan, representing 16.90% of total assets, an increase from 7.49% at the beginning of the year[103] Production and Operations - The company operates six mining subsidiaries, with four currently in production and two under preparation, aiming for a production scale of 250,000 tons per year for the new site[38] - The company’s lead and zinc production in 2020 was 6.44 million tons and 6.43 million tons respectively, with year-on-year growth of 9.4% and 2.7%[45] - In 2020, the company experienced a significant decline in production and sales in the first half due to COVID-19, with operations delayed by 1-2 months compared to planned schedules[44] - The company completed the installation and debugging of the 35,000 tons/year manganese sulfate project, which will enable the effective extraction and utilization of silver, manganese, and gold[63] - The company has six high-quality mines with an annual processing capacity of nearly 2 million tons, establishing itself as a leading silver enterprise in the A-share market[126] Market and Industry Outlook - The average silver price increased by approximately 38% in 2020, with a year-end price of 5,533.74 RMB/kg, after reaching a high of 6,689.14 RMB/kg in Q3[45] - The company expects a recovery in global economic growth in 2021, which will boost industrial metal consumption demand and prices[125] - The company recognizes the importance of the recycling of metal resources as a development direction in the industry[125] Risk Management - The company has faced risks in its operations, which are discussed in the report's section on future development outlook[5] - The company emphasizes the importance of understanding the differences between plans, forecasts, and commitments, urging investors to be aware of investment risks[5] - The company has implemented risk management measures to enhance operational quality and efficiency amid a challenging business environment[68] - The company is exposed to metal price fluctuation risks and will utilize financial instruments to hedge against price risks[136] Corporate Governance and Compliance - The company has committed to maintaining independence in personnel, assets, finance, organization, and business from other enterprises controlled by concerted actors[174] - The company ensures that transactions with related parties will be conducted at market prices and will avoid any actions that may harm the interests of the company[153] - The company has committed to timely and full payment of personal income taxes as required by tax authorities[153] - The company did not experience any major litigation or arbitration matters during the reporting period[192] - The company did not have any stock incentive plans or employee shareholding plans during the reporting period[196] Future Plans and Investments - The company plans to expand and deepen cooperation with key banks to explore equity financing and direct financing channels[54] - The company aims to increase its resource reserves through domestic and international mergers and acquisitions, focusing on precious metals and new energy materials such as nickel, cobalt, and lithium[127] - The company plans to acquire a 72.50% stake in Guizhou Dingshengxin Mining Development Co., Ltd., with a deposit of 600 million yuan required as part of the transaction[148] - The company will continue to optimize internal management to enhance operational efficiency and performance[134]

Financial Performance - Operating revenue for the reporting period was CNY 562,067,454.09, down 29.73% year-on-year, and CNY 1,053,996,170.02 for the year-to-date, down 46.15% compared to the same period last year[9] - Net profit attributable to shareholders of the listed company was CNY 157,067,774.23, an increase of 22.70% compared to the same period last year, while year-to-date net profit decreased by 48.18% to CNY 176,302,871.50[9] - Basic earnings per share for the reporting period were CNY 0.2276, an increase of 22.70% year-on-year, while year-to-date earnings per share decreased by 48.18% to CNY 0.2555[9] - The total comprehensive income for the period showed a significant loss of CNY 197,215,952.60 compared to a loss of CNY 14,563,303.42 in the previous period[53] - Total operating revenue for the current period was ¥562,067,454.09, a decrease of 29.7% compared to ¥799,905,073.09 in the previous period[62] - Net profit for the current period was ¥211,235,443.69, an increase of 21.3% from ¥174,192,831.67 in the previous period[68] - Total operating revenue for the current period is CNY 1,053,996,170.02, a decrease of 46.0% compared to CNY 1,957,252,017.98 in the previous period[80] - Net profit for the current period is CNY 231,229,540.65, a decrease of 43.3% compared to CNY 408,068,326.77 in the previous period[83] Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,169,642,679.71, a decrease of 4.10% compared to the end of the previous year[9] - The company's current assets totaled CNY 942,871,435.95, down from CNY 1,104,827,899.74, indicating a decrease of about 14.6%[44] - The company's total liabilities decreased to CNY 1,602,686,555.07 from CNY 1,685,080,662.14, a reduction of approximately 4.9%[50] - The company's equity attributable to shareholders decreased to CNY 2,175,342,894.69 from CNY 2,250,764,558.48, a decline of approximately 3.3%[53] - The total assets decreased to ¥3,309,226,022.31 from ¥3,373,815,472.08, a decline of 1.9%[60] - Total liabilities decreased to ¥999,040,230.46 from ¥1,160,032,078.01, a reduction of 13.9%[60] - The company's total liabilities amounted to ¥1,670,041,556.47, reflecting a stable financial position[114] Cash Flow - The net cash flow from operating activities was CNY 223,730,804.89, down 30.42% compared to the same period last year[9] - The company's cash inflow from operating activities decreased by 42.16% to CNY 1,393,216,641.94 compared to CNY 2,408,930,617.80 in the previous year, mainly due to lower sales revenue[25] - The company's cash outflow from investment activities decreased by 38.52% to CNY 275,811,470.54, mainly due to payments for investments in environmental protection[25] - The company's cash inflow from operating activities totaled CNY 1,393,216,641.94, compared to CNY 2,408,930,617.80 in the previous period[100] - The ending balance of cash and cash equivalents was CNY 188,290,681.29, down from CNY 247,250,286.19 in the previous period[103] Investments - The net profit from investment increased significantly by 55833.44% to CNY 16,716,659.10, driven by dividends from Lanzhou Bank and Hualong Securities[22] - The company invested in silver futures with an initial investment amount of ¥14,660.30 million, with a closing investment amount of ¥12,677.18 million, representing 5.83% of the company's net assets at the end of the reporting period[31] - The company reported a profit of ¥1,983.12 million from its derivative investments during the reporting period[31] - The company has implemented risk control measures for its futures hedging business, including setting stop-loss lines and maintaining a certain proportion of risk reserve funds[35] Shareholder Information - The top shareholder, Gansu Shengda Group Co., Ltd., holds 31.30% of the shares, totaling 215,939,596 shares[13] - The company did not engage in any repurchase transactions among the top shareholders during the reporting period[17] Government Subsidies - The company received government subsidies amounting to CNY 1,267,332.48 during the reporting period[9] - Other income increased by 146.39% to CNY 1,267,332.48, primarily due to an increase in government subsidies received[22] Accounting and Compliance - There were no significant changes in the accounting policies for derivative investments compared to the previous reporting period[35] - The company has established internal control procedures for its futures hedging business, ensuring compliance with relevant laws and regulations[35] - The company has not reported any significant legal risks or credit risks associated with its derivative investments[35] - The company has not engaged in any entrusted wealth management during the reporting period[37] - There were no violations of external guarantees during the reporting period[38]

证券代码：000603 证券简称：盛达资源 公告编号：2020-048 盛达金属资源股份有限公司 关于参加北京辖区上市公司投资者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真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 为进一步加强与广大投资者的沟通交流，盛达金属资源股份有限公司（下称 "公司"）将参加"2020 年北京辖区上市公司投资者集体接待日"活动，现将有 关事项公告如下： 本次集体接待日活动将采取网络远程的方式举行，投资者可以登录"全景网" 网站（http://rs.p5w.net/html/123119.shtml）或关注微信公众号全景路演天 下，参与本次投资者集体接待日活动，活动时间为 2020 年 9 月 8 日（星期二） 15:00 至 17:00。 届时公司副总裁兼董事会秘书张开彦先生、副总裁兼财务总监黄锦亮先生将 通过网络在线交流形式与投资者就公司治理、发展战略、经营状况、可持续发展 等投资者关注的问题进行沟通，欢迎广大投资者积极参与。 特此公告。 盛达金属资源股份有限公司董事会 二〇二〇年八月二十五日 ...

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 491,928,715.93, a decrease of 57.50% compared to CNY 1,157,346,944.89 in the same period last year[22]. - The net profit attributable to shareholders of the listed company was CNY 19,235,097.27, down 90.94% from CNY 212,248,567.21 year-on-year[22]. - The net profit after deducting non-recurring gains and losses was CNY -35,328,106.93, a decline of 128.33% compared to CNY 124,719,532.54 in the previous year[22]. - The total profit for the period was 29.04 million yuan, down 89.95% year-on-year, while the net profit attributable to shareholders was 19.24 million yuan, a decline of 90.94%[47]. - The company reported a significant increase of 245.12% in other income, totaling ¥867,222.21, mainly from government subsidies[53]. - The company reported a net profit of ¥22,961,278.79 from Inner Mongolia Yindu Mining Co., which contributed over 10% to the overall net profit[73]. - The company reported a total comprehensive income attributable to the parent company of -181,201,599.31, compared to 212,248,567.21 in the previous period, indicating a significant decline[191]. Cash Flow and Assets - The net cash flow from operating activities was CNY -51,625,365.96, an improvement of 33.98% from CNY -78,193,030.69 in the same period last year[22]. - Total assets at the end of the reporting period were CNY 4,109,770,962.44, a decrease of 5.48% from CNY 4,347,903,781.43 at the end of the previous year[22]. - The company's current assets totaled CNY 949,905,723.87, down from CNY 1,104,827,899.74 at the end of 2019, indicating a decrease of about 14.0%[167]. - Cash and cash equivalents decreased significantly from CNY 325,806,033.61 at the end of 2019 to CNY 134,597,776.47, a drop of approximately 58.7%[165]. - Inventory increased to CNY 233,994,023.30 from CNY 183,528,168.05, reflecting a growth of about 27.5%[165]. - Total liabilities rose to CNY 1,705,057,091.09 from CNY 1,685,080,662.14, marking an increase of approximately 1.9%[171]. Operational Insights - The company operates six mining subsidiaries, with a silver resource reserve of nearly 10,000 tons and an annual mining capacity of approximately 2 million tons[38]. - The main mining subsidiary, Yin Du Mining, has a gross profit margin of around 80%, making it one of the highest among listed companies in the industry[38]. - The company plans to increase operational shifts and optimize efficiency to ensure the achievement of annual production targets[39]. - The company has a strong talent and technology advantage, utilizing industry-leading equipment and advanced automation control technology[38]. - The company’s main products include silver ingots, gold, and lead-zinc concentrates, with sales channels primarily targeting smelters and metal processing enterprises[32]. Market and Industry Conditions - Due to the COVID-19 pandemic, the company's production and sales volume in the first half of the year significantly decreased compared to the same period last year[38]. - The company expects a significant recovery in demand as economic activities resume, supported by global liquidity easing and geopolitical tensions[39]. - The company acknowledges risks related to fluctuations in non-ferrous metal prices and industry cyclicality[6]. - The company anticipates significant fluctuations in net profit for the period from January to September 2020 due to industry cyclicality and metal price volatility risks[76]. Strategic Plans and Investments - The company plans to expand and deepen cooperation with key banks and initiate refinancing to maintain a stable capital structure[43]. - The company aims to complete one mining project acquisition within the year, having researched over 20 potential projects[48]. - The company has completed the installation of major equipment for the 35,000-ton per year manganese sulfate project, expected to start trial production in August 2020[48]. - The company plans to develop a scientific sales plan to maximize operational efficiency, taking advantage of favorable trends in silver, gold, lead, and zinc prices[39]. Shareholder and Governance Information - Gansu Shengda Group holds 31.30% of the shares, totaling 215,939,596 shares, with 43,680,140 shares under lock-up[135]. - Zhao Mantang owns 7.35% of the shares, totaling 50,735,300 shares, with 47,500,000 shares pledged[135]. - The total number of shareholders holding more than 5% of the shares is 38,001[134]. - The company has not undergone any changes in controlling shareholders during the reporting period[142]. Risk Management and Compliance - Safety production risks are a concern due to potential natural disasters and equipment failures, prompting the company to enhance safety measures and management practices[76]. - The company has not reported any significant litigation or arbitration matters during the reporting period[87]. - The company is classified as a key pollutant discharge unit by environmental protection authorities[121]. - The total discharge amount of pollutants from Inner Mongolia Jinshan Mining Co., Ltd. is 473,000 tons per year, adhering to the specified environmental standards[121].

Financial Performance - The company's operating revenue for Q1 2020 was ¥140,809,175.41, a decrease of 75.09% compared to ¥565,244,848.65 in the same period last year[9]. - The net profit attributable to shareholders was -¥43,257,761.46, representing a decline of 144.46% from ¥97,289,387.71 year-on-year[9]. - The basic earnings per share were -¥0.0627, down 144.46% from ¥0.1410 in the same period last year[9]. - The net profit for the current period is a loss of ¥46,678,706.24, compared to a net profit of ¥103,400,868.13 in the previous period, reflecting a substantial decline in profitability[65]. - The total comprehensive income for the current period is -¥46,678,706.24, compared to ¥103,400,868.13 in the previous period[68]. - The company reported a net profit of -19,170,527.08, compared to a profit of 25,310,248.44 in the previous period, indicating a significant decline in profitability[72]. Cash Flow - The net cash flow from operating activities was -¥160,850,380.61, an improvement of 28.64% compared to -¥225,409,714.55 in the previous year[9]. - The company reported a significant decrease in cash flow from financing activities, down 144.19% to -¥18,064,629.17 from ¥40,881,975.01, due to no new financing this period[28]. - Cash flow from operating activities showed a net outflow of -160,850,380.61, an improvement from -225,409,714.55 in the prior period[80]. - The financing activities resulted in a net cash outflow of -18,064,629.17, contrasting with a net inflow of 40,881,975.01 in the previous period[82]. - The cash flow from financing activities showed a net outflow of -15,356,629.17 CNY, contrasting with a substantial inflow of 728,041,875.01 CNY in the prior period[86]. Assets and Liabilities - Total assets at the end of the reporting period were ¥4,077,598,610.16, a decrease of 6.22% from ¥4,347,903,781.43 at the end of the previous year[9]. - The net assets attributable to shareholders were ¥2,207,871,717.86, down 1.91% from ¥2,250,764,558.48 at the end of the previous year[9]. - Total liabilities decreased from 1,685,080,662.14 to 1,463,789,276.27, a decrease of about 13.1%[47]. - The company's total liabilities amount to ¥1,131,400,128.62, a decrease from ¥1,160,032,078.01 in the previous period[57]. - The owner's equity decreased from 2,662,823,119.29 to 2,613,809,333.89, a decline of approximately 1.8%[50]. Shareholder Information - The top shareholder, Gansu Shengda Group Co., Ltd., holds 31.30% of the shares, totaling 215,939,596 shares[14]. - The total number of ordinary shareholders at the end of the reporting period was 41,296[14]. Government Support - The company received government subsidies amounting to ¥267,147.44 during the reporting period[9]. Changes in Financial Position - The company's cash and cash equivalents decreased by 80.36% to ¥63,994,518.47 from ¥325,806,033.61 due to tax payments and asset acquisitions[25]. - Accounts receivable decreased by 39.35% to ¥27,948,051.92 from ¥46,078,852.53, attributed to collection of receivables[25]. - The company's contract liabilities amounted to ¥185,295,199.12, reflecting a reclassification from advance receipts under new revenue standards[25]. - The fair value change loss was ¥-2,090,343.15, a 152.12% decrease from a gain of ¥4,011,019.32, due to declines in trading financial assets[25]. - The company's prepayments increased by 36.16% to ¥140,982,650.92 from ¥103,540,803.45, mainly due to increased advance payments for orders[25]. Financial Standards and Reporting - The company executed adjustments in its financial statements due to the adoption of new revenue and leasing standards, impacting the classification of contract liabilities[90]. - The first quarter report for 2020 has not been audited[100]. - The company has implemented new revenue and lease standards starting in 2020, with retrospective adjustments to prior comparative data[100]. - The report was presented by the Chairman, Zhu Shengli, on April 27, 2020[101].

Financial Performance - The company's operating revenue for 2019 was CNY 2,900,686,684.46, representing a 20.77% increase compared to CNY 2,401,820,094.78 in 2018[23] - The net profit attributable to shareholders of the listed company was CNY 448,436,292.55, an increase of 8.91% from CNY 411,755,333.63 in the previous year[23] - The net profit after deducting non-recurring gains and losses was CNY 376,216,426.51, which is a 23.33% increase from CNY 305,057,764.08 in 2018[23] - The basic earnings per share for 2019 were CNY 0.65, up 8.91% from CNY 0.60 in the previous year[23] - The diluted earnings per share also stood at CNY 0.65, reflecting the same increase of 8.91% from CNY 0.60 in 2018[23] - The company's total revenue for Q1, Q2, Q3, and Q4 of 2019 was approximately ¥565.24 million, ¥592.10 million, ¥799.91 million, and ¥943.43 million respectively, showing a significant increase in the latter half of the year[28] - The net profit attributable to shareholders for the same quarters was ¥97.29 million, ¥114.96 million, ¥128.00 million, and ¥108.18 million, indicating a strong performance in Q3[28] - The company achieved operating revenue of 2,900.69 million yuan, a year-on-year increase of 20.77%[63] - Net profit attributable to shareholders reached 448.44 million yuan, growing by 8.91% compared to the previous year[63] - The company’s operating profit reached 705.40 million yuan, reflecting a year-on-year growth of 13.39%[63] Cash Flow and Investments - The net cash flow from operating activities was CNY 597,693,409.65, showing a decrease of 24.33% compared to CNY 789,897,761.17 in 2018[23] - The total cash inflow from operating activities decreased by 6.77% to CNY 3,144,800,025.78, with net cash flow from operating activities down 24.33% to CNY 597,693,409.65[94] - Investment cash inflow dropped by 41.72% to CNY 206,222,232.49, while investment cash outflow decreased by 29.93% to CNY 697,520,275.86[94] - The net cash flow from investing activities decreased by 23.43% compared to the same period last year, primarily due to reduced cash received from investment activities and the acquisition of DeYun Mining[98] - The total cash inflow from financing activities increased by 243.37% year-on-year, attributed to the disbursement of a loan related to the acquisition of Jinshan Mining[98] - The net cash flow from financing activities decreased by 75.03% compared to the previous year, mainly due to the repayment of bank loans by the subsidiary Jinshan Mining[98] Acquisitions and Expansion - The company completed the acquisition of a 54% stake in Deyun Mining in September 2019, increasing its mining subsidiaries to six[36] - The company has acquired mining rights and exploration rights through its subsidiaries, enhancing its asset base and resource potential[47] - The company acquired 54% of DeYun Mining, increasing silver reserves to nearly 10,000 tons[65] - The establishment of Tianjin Xingsheng Metal Materials Co. and Tianjin Dexin Trading Co. will optimize the company's industrial layout and expand its business in the non-ferrous metal industry chain, improving revenue and market competitiveness[135] Production and Resources - The company has a silver resource reserve of nearly 10,000 tons and an annual mining capacity of approximately 2 million tons, supported by six mining subsidiaries[43] - The Baiyinda Silver Polymetallic Mine, owned by Yindu Mining, maintains a high gross margin of around 80% and has significant metal reserves of silver and zinc[43] - The average silver grade at the Baiyinda Mine is 228.42 grams per ton, while the average lead and zinc grades are 2.13% and 4.48%, respectively[44] - The company has been actively exploring new operational models and strategies, focusing on the integration of primary mineral resources and urban mining resources[75] - The company plans to invest in urban mining, aiming to recycle metals from industrial waste, with a project capable of processing 200,000 tons of hazardous waste annually[68] Market and Industry Trends - The company is focused on diversifying resource reserves in response to market opportunities in new energy metal materials[62] - The non-ferrous metal industry is supported by national policies aimed at optimizing industry layout and promoting mergers and acquisitions, which will benefit the company's long-term development[138] - The company anticipates that positive fiscal policies will boost industrial metal demand in 2020, while global economic uncertainties may sustain or increase precious metal prices[139] Commitments and Governance - The company has confirmed that all commitments made by the controlling shareholders and related parties have been fulfilled as of the reporting period[159] - The commitments made by the controlling shareholders ensure that there are no undisclosed related parties or transactions that could affect the company[172] - The company guarantees the independence of its operations, assets, and finances from the controlling shareholders and related parties[179] - The company has established a performance compensation mechanism for shareholders if profit targets are not met during the commitment period[168] Environmental and Safety Compliance - The company has not violated any environmental protection or safety regulations during its operations, and there have been no safety or environmental pollution incidents[183] - The company has been included in national or regional green mining lists, indicating a commitment to environmental protection and sustainable practices[75]

Financial Performance - The company's operating revenue for 2019 was CNY 2,900,686,684.46, representing a 20.77% increase compared to CNY 2,401,820,094.78 in 2018[23] - The net profit attributable to shareholders of the listed company was CNY 448,436,292.55, an increase of 8.91% from CNY 411,755,333.63 in the previous year[23] - The net profit after deducting non-recurring gains and losses was CNY 376,216,426.51, which is a 23.33% increase from CNY 305,057,764.08 in 2018[23] - The basic earnings per share for 2019 was CNY 0.65, up 8.91% from CNY 0.60 in 2018[23] - Operating profit reached 705.40 million yuan, up 13.39% year-on-year[58] - The company reported non-recurring gains of ¥72.22 million in 2019, down from ¥106.70 million in 2018, primarily due to fluctuations in asset disposal and government subsidies[29] Cash Flow and Assets - The net cash flow from operating activities decreased by 24.33% to CNY 597,693,409.65 from CNY 789,897,761.17 in the previous year[23] - The total assets at the end of 2019 were CNY 4,347,903,781.43, reflecting a 17.23% increase from CNY 3,708,934,437.11 at the end of 2018[23] - The company reported a significant increase in long-term equity investments, which rose to CNY 160,694,613.56, accounting for 3.70% of total assets[90] - The total investment amount for the reporting period was ¥269,171,001.75, a decrease of 79.58% compared to ¥1,318,117,121.54 in the same period last year[95] Mining Operations and Acquisitions - The company completed the acquisition of a 54% stake in Deyun Mining in September 2019, increasing its mining subsidiaries to six[36] - The company holds nearly 10,000 tons of silver resources, with a mining capacity of nearly 2 million tons per year[43] - The company is actively expanding its market presence and enhancing its mining capabilities through strategic acquisitions and operational improvements[36] - The company aims to acquire at least one quality project annually to enhance its mineral resource reserves[60] Revenue Breakdown - The revenue from non-ferrous metal mining accounted for 46.00% of total revenue, while non-ferrous metal trading accounted for 53.99%, with the latter seeing a significant increase of 38.18%[68] - The company’s lead concentrate sales increased by 80.04% year-on-year, reaching approximately ¥737 million, while zinc concentrate sales decreased by 14.12%[68] - The revenue from non-ferrous metal mining and selection reached ¥1,334,372,573.51, with a gross margin of 66.44%, reflecting a year-on-year increase of 5.21% in revenue and a slight increase of 1.69% in gross margin[69] Dividends and Shareholder Returns - The company plans to distribute a cash dividend of CNY 1.00 per 10 shares, totaling CNY 68,996,934.60 based on 689,969,346 shares[6] - The cash dividend distribution aligns with the company's mature development stage and significant capital expenditure plans[152] - The company has not made any adjustments to its cash dividend policy during the reporting period, ensuring the protection of minority shareholders' rights[146] Strategic Focus and Future Plans - The company plans to focus on precious metals and new energy materials such as nickel, cobalt, manganese, and lithium to enhance its resource portfolio[134] - The company aims to upgrade its business model to integrate primary mining and urban mining, enhancing its position in the metal resource recycling supply chain[134] - The company plans to broaden financing channels to meet its operational and project funding needs[138] Compliance and Risk Management - The company emphasizes internal control and risk management to ensure sustainable development and protect shareholder interests[65] - The company has committed to strict adherence to securities regulations, ensuring confidentiality regarding the transfer of equity to the listed company[183] - The company guarantees the independence of its operations, ensuring complete separation from its controlling shareholders in personnel, assets, finance, organization, and business aspects[174]