Financial Performance - The company's operating revenue for Q1 2018 was ¥312,192,313.75, representing a 34.73% increase compared to ¥231,723,556.03 in the same period last year[5] - Net profit attributable to shareholders was ¥110,568,345.14, up 27.25% from ¥86,892,515.08 year-on-year[5] - Basic earnings per share increased to ¥0.0972, a rise of 27.23% from ¥0.0764 in the same period last year[5] - Net profit for Q1 2018 reached CNY 109,499,531.96, reflecting a growth of 26.46% from CNY 86,587,603.08 year-on-year[13] - The total comprehensive income for the first quarter was CNY 109,499,531.96, compared to CNY 86,587,603.08 in the previous year[49] Cash Flow - The net cash flow from operating activities surged by 273.31%, reaching ¥111,030,286.01 compared to ¥29,741,922.76 in the previous year[5] - Cash flow from operating activities increased significantly to CNY 111,030,286.01, up 273.31% from CNY 29,741,922.76 in the previous year[13] - The net cash flow from operating activities was CNY 111,030,286.01, a substantial increase from CNY 29,741,922.76 in the prior period[53] - The company continues to face challenges in cash flow management, as indicated by the negative cash flow figures across all activities[57] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,488,891,363.02, reflecting a 4.71% increase from ¥2,376,861,805.03 at the end of the previous year[5] - The net assets attributable to shareholders rose by 5.19%, amounting to ¥2,283,872,822.22 compared to ¥2,171,184,602.33 at the end of the last year[5] - Total assets increased to ¥2,488,891,363.02 from ¥2,376,861,805.03, reflecting a growth of about 4.7%[36] - The total liabilities as of Q1 2018 were CNY 185,532,130.59, compared to CNY 185,121,979.31 at the start of the year[38] Shareholder Information - The top shareholder, Gansu Jianxin Industrial Group, holds 40.99% of the shares, with a total of 466,139,241 shares, of which 444,000,000 are pledged[8] - Jianxin Group has committed to resolving obstacles to injecting the lead-zinc sector companies into the listed company as soon as possible after the transaction is completed[22] Inventory and Receivables - Accounts receivable increased by 60.47%, reaching ¥139,412,995.95 due to outstanding payments at the end of the reporting period[12] - Inventory decreased by 47.74%, totaling ¥48,190,881.03 as a result of sales of initial stock[12] - Accounts receivable rose to ¥139,412,995.95 from ¥86,876,062.98, indicating an increase of about 60.5%[35] - Inventory decreased significantly from ¥92,220,483.74 to ¥48,190,881.03, a reduction of approximately 47.8%[35] Commitments and Future Plans - The company plans to continue advancing the perlite resource project, although there are uncertainties regarding regulatory approvals[15] - The company has a commitment to inject assets from Gansu Xinzhou Mining Co., Ltd. into the listed company, with a deadline set for December 31, 2017, and a penalty of 20 million RMB if not completed[20] - The company plans to inject assets from Shanxi Jinde Chengxin Mining Co., Ltd. into the listed company within two years after the project is completed and profitable, with a new deadline proposed for 2022[20] - The company is awaiting the industry to improve and for continuous profitability before proceeding with the asset injection from Urat Rear Flag Ruifeng Lead Smelting Co., Ltd.[19] Regulatory and Compliance Issues - The company has committed to maintaining independence in business, assets, finance, personnel, and institutions from its controlling shareholder[24] - The company is monitoring the market conditions and will adjust its strategies accordingly to ensure compliance with regulatory requirements[20] - The first quarter report was not audited, which may affect the reliability of the financial data presented[59] Other Financial Metrics - Cash and cash equivalents increased to CNY 85,565,310.32, a rise of 1,457.74% from CNY 5,492,921.14 in the previous year[13] - The company reported a tax expense of CNY 21,281,697.55 for Q1 2018, up from CNY 17,408,383.78 in Q1 2017[44] - The company’s other income for Q1 2018 was CNY 37,400.00, with no comparable figure from the previous year[44]

Financial Performance - Total assets increased by 17.55% to CNY 2,300,681,320.38 compared to the end of the previous year[8]. - Net profit attributable to shareholders increased by 25.19% to CNY 113,681,650.50 for the current period, and by 133.49% to CNY 355,181,467.36 year-to-date[8]. - Operating revenue decreased by 1.84% to CNY 289,487,414.51 for the current period, but increased by 18.42% to CNY 927,069,005.00 year-to-date[8]. - Basic earnings per share rose by 25.16% to CNY 0.1000 for the current period, and by 133.41% to CNY 0.3123 year-to-date[8]. - The weighted average return on net assets increased by 89.80% to 18.43% year-to-date[8]. - The company reported a net cash flow from operating activities of CNY 407,425,968.17, an increase of 43.98% year-to-date[8]. - The company's cash and cash equivalents increased by 93.45% to ¥680,069,401.74, primarily due to increased operating income and reduced investment and financing expenditures[16]. - Operating revenue rose by 18.42% to ¥927,069,005.00, driven by higher sales prices of key products compared to the previous year[17]. - Net profit surged by 134.55% to ¥354,110,797.04, attributed to increased sales prices of main products[19]. - The net cash flow from operating activities increased by 43.98% to ¥407,425,968.17, reflecting higher operating income[20]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 41,768[12]. - The largest shareholder, Gansu Jianxin Industrial Group Co., Ltd., holds 40.99% of the shares, totaling 466,139,241 shares[12]. Asset Management and Transactions - The company plans to purchase assets through issuing shares, which is currently in progress and does not constitute a major asset restructuring[25]. - The asset injection from Jianxin Group, including Gansu Xinzhou Mining Co., Shanxi Jindecheng Mining Co., and Urat Rear Flag Oubulake Copper Mine, remains uncertain due to the ongoing bankruptcy reorganization of Jianxin Group, resulting in the freezing of relevant asset equity[26]. - Jianxin Group submitted a reorganization plan draft to the court, which involves significant changes in control rights[27]. - Jianxin Group has committed to injecting 40% equity of Gansu Xinzhou Mining Co. into the listed company by the end of 2017, with a penalty of RMB 20 million if not completed[31]. - The injection of Shanxi Jindecheng Mining Co. is expected to occur within two years after the company commences production, with a target completion date in 2017[31]. - The asset injection from Urat Rear Flag Ruifeng Lead Smelting Co. is contingent on industry recovery and continuous profitability, with a planned injection within one year after meeting these conditions[31]. - The company is actively working on the asset injection process, which requires approvals from relevant authorities and completion of necessary legal procedures[31]. - The company plans to inject 100% equity of Zhongxi Mining into the listed company by the end of 2020, as per the revised commitment[32]. - The company is currently in the process of resolving obstacles to inject the lead-zinc sector into the listed company[34]. Compliance and Commitments - There are no overdue commitments from actual controllers, shareholders, related parties, acquirers, or other related parties during the reporting period[30]. - The company has no overdue commitments from related parties during the reporting period, indicating compliance with previous commitments[30]. - Jianxin Group's commitment to not sell shares below RMB 20 per share for a specified period remains in effect[30]. - The company has disclosed significant matters and commitments in its reports, ensuring transparency and compliance with regulatory requirements[28]. - The company has committed to not developing any competing businesses while Liu Jianmin remains the actual controller of the listed company[34]. - The company has committed to not harming the interests of the listed company and its shareholders, especially minority shareholders[34]. - The company is in the process of fulfilling its long-term commitments regarding various asset transactions and corporate governance[34]. Production and Sales - The production of lead concentrate decreased by 13.12% to 8,903.05 tons, while sales increased by 20.82% to 11,086.89 tons[22]. - The production of zinc concentrate fell by 16.86% to 50,795.53 tons, with sales down by 19.02% to 49,350.39 tons[22]. Financial Management - The company reported a significant reduction in financial expenses, with a decrease of 175.51% due to lower interest expenses and increased interest income[19]. - The company's other receivables increased by 157.99% to ¥9,980,769.17, mainly due to large unit receivables during the reporting period[16]. - The company's total liabilities decreased by 14.91% in accounts payable, reflecting payments made for previous project costs and labor fees[16]. Regulatory and Reporting - The company did not provide an earnings forecast for 2017, stating that it will fulfill its disclosure obligations once performance calculations are completed[36]. - There were no securities investments during the reporting period[37]. - The company did not engage in derivative investments during the reporting period[38]. - There were no on-site research, communication, or interview activities during the reporting period[39]. - The company had no violations regarding external guarantees during the reporting period[40]. - There were no non-operating fund occupations by controlling shareholders or their affiliates during the reporting period[41]. - The company did not conduct targeted poverty alleviation work and has no subsequent plans for it[42].

Financial Performance - The company's operating revenue for the first half of 2017 was CNY 637,581,590.49, representing a year-on-year increase of 30.67% compared to CNY 487,919,146.14 in the same period last year[16]. - The net profit attributable to shareholders of the listed company reached CNY 241,499,816.87, a significant increase of 293.92% from CNY 61,306,915.80 in the previous year[16]. - The net cash flow from operating activities was CNY 254,655,091.59, up 31.09% from CNY 194,261,666.63 in the same period last year[16]. - The basic earnings per share increased to CNY 0.2123, compared to CNY 0.0539 in the previous year, marking a growth of 293.88%[16]. - The company reported a main business revenue of 637.12 million yuan and a net profit of 241.50 million yuan[31]. - Net profit surged by 297.83% to ¥240,835,872.27, attributed to increased sales prices of main products[37]. - The total comprehensive income for the first half of 2017 was approximately ¥240.84 million, a decrease of 663,944.60 compared to the previous period[127]. - The company reported a net profit distribution of ¥63.01 million for the first half of 2017, reflecting a significant increase in retained earnings[128]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,207,984,781.43, reflecting a 12.82% increase from CNY 1,957,171,505.92 at the end of the previous year[16]. - The net assets attributable to shareholders of the listed company were CNY 2,001,755,295.90, which is a 14.43% increase from CNY 1,749,389,485.02 at the end of the previous year[16]. - The company's cash and cash equivalents increased by 59.00% year-on-year, attributed to increased operating income and reduced investment and financing expenditures[27]. - The company's inventory decreased by 30.66% year-on-year, mainly due to the sale of inventory at the beginning of the reporting period[27]. - The asset-liability ratio decreased by 40.06% to 8.35%, with total assets increasing by ¥367,105,500, a 19.94% increase, while total liabilities decreased by ¥72,043,200, a 28.09% decrease[52]. - The total liabilities decreased slightly to ¥184,404,002.31 from ¥185,292,593.08, a reduction of about 0.48%[124]. - The company's total assets at the end of the reporting period amounted to 1,137,299,314.00 yuan[133]. Production and Sales - The company achieved a total production of 98.09 thousand tons of lead-zinc ore and 7.64 thousand tons of copper ore in the reporting period[31]. - The average selling prices of lead concentrate, zinc concentrate, and copper concentrate increased by 38.10%, 75.76%, and 36.48% respectively during the reporting period[16]. - The production of lead concentrate decreased by 11.63% year-on-year, while sales increased by 20.39%[31]. - The production of zinc concentrate decreased by 13.20% year-on-year, with sales decreasing by 10.14%[31]. Cash Flow and Investments - The company's cash and cash equivalents increased to ¥558,971,230.64, representing 25.32% of total assets, up from 17.96% last year, a 7.36% increase due to higher operating income and reduced investment and financing expenditures[46]. - The company invested ¥47,232,037.38 in fixed assets during the first half of 2017, compared to ¥58,722,233.48 in the same period last year[126]. - Cash and cash equivalents at the end of the period totaled ¥557,140,875.96, compared to ¥217,460,355.38 at the end of the previous year, marking a 156.5% increase[126]. Market and Strategic Outlook - The company faces market risks due to price volatility in the non-ferrous metals industry and plans to adjust marketing strategies accordingly[67]. - The company is focusing on expanding its mining capacity and optimizing production systems to enhance safety and environmental standards[34]. - The company plans to continue exploring and upgrading mining systems to maintain its competitive edge in the market[34]. - The company is exploring strategic acquisitions to enhance its product portfolio and drive growth[6]. - The management provided guidance for the upcoming quarter, emphasizing a cautious outlook due to market conditions[133]. Environmental and Safety Measures - Environmental protection risks are present, and the company is investing in waste management and recycling initiatives[68]. - The company has committed to enhancing environmental risk assessments and management of tailings facilities in the second half of the year[99]. - The company has implemented environmental measures to ensure that wastewater and emissions meet national standards, with a SO2 emission concentration of 4 mg/m3 and acid mist concentration of 9.47 mg/m3[100]. Corporate Governance and Compliance - The company has retained Ruihua Certified Public Accountants for the 2017 financial audit and internal control audit[82]. - The company has not received any non-standard audit reports for the current reporting period[83]. - The company has committed to ensuring that its subsidiaries will not engage in any business that competes with the listed company[80]. - The company has pledged to maintain independence in business, assets, finance, personnel, and institutions from its controlling shareholder[80]. Related Party Transactions - The company reported a total of 16.26 million yuan in related party transactions during the reporting period, which is 2.61% of the expected 110.3 million yuan[90]. - The actual amount of related party transactions did not exceed the expected amount, with a cumulative total of 16.26 million yuan against the forecast of 110.3 million yuan[90]. - The company has no significant impact on its operating results and financial status from related party debts and receivables[93][94]. Shareholder Information - The largest shareholder, Gansu Jianxin Industrial Group Co., Ltd., holds 40.99% of the total shares, amounting to 466,139,241 shares[110]. - The total number of common stock shareholders at the end of the reporting period was 45,310[110]. - There were no changes in the controlling shareholder or actual controller during the reporting period[114].

Financial Performance - The company's operating revenue for Q1 2017 was ¥231,723,556.03, representing a 38.67% increase compared to ¥167,103,127.08 in the same period last year[5]. - Net profit attributable to shareholders reached ¥86,892,515.08, a significant increase of 761.16% from ¥10,090,184.94 year-on-year[5]. - Basic earnings per share increased to ¥0.0764, a rise of 758.43% compared to ¥0.0089 in the same period last year[5]. - Operating revenue rose by 38.67% to ¥231,723,556.03, driven by higher sales volume and selling prices of main products[12]. - Net profit surged by 792.14% to ¥86,587,603.08, attributed to increased sales volume and prices compared to the previous year[12]. Asset and Equity - The total assets at the end of the reporting period were ¥2,019,765,827.27, up 3.20% from ¥1,957,171,505.92 at the end of the previous year[5]. - The net assets attributable to shareholders increased by 5.27% to ¥1,841,601,126.92 from ¥1,749,389,485.02 at the end of the previous year[5]. - The weighted average return on equity was 4.85%, up from 0.68% in the same period last year, reflecting improved profitability[5]. - The total number of shareholders at the end of the reporting period was 44,161[8]. Cash Flow and Receivables - The net cash flow from operating activities decreased by 67.68% to ¥32,841,922.76 from ¥101,626,990.68 in the previous year[5]. - Cash flow from operating activities decreased by 67.68% to ¥32,841,922.76, mainly due to a decline in cash received from sales of goods and services[13]. - Accounts receivable increased by 45.81% to ¥184,053,430.55, primarily due to unsettled payments at the end of the reporting period[12]. - Prepayments increased significantly by 257.06% to ¥22,655,372.33, reflecting unsettled prepayments at the end of the reporting period[12]. - Other receivables rose by 74.61% to ¥6,755,283.11, mainly due to large unit receivables incurred during the period[12]. Market and Pricing - The average selling price of zinc concentrate increased by 72.51%, while lead concentrate and copper concentrate prices rose by 19.40% and 36.60%, respectively[6]. - The company sold 2,856.00 metric tons of lead concentrate, a 100.98% increase from 1,421.01 metric tons in the previous year[6]. Operational Notes - The company reported a 100% reduction in non-operating expenses, with no such expenses incurred during the reporting period[12]. - The company has not made any predictions regarding its operating performance for the first half of 2017, pending financial department calculations[17]. - The company did not engage in any securities or derivative investments during the reporting period[18][20]. - The company is closely monitoring the restructuring progress of its controlling shareholder, which is undergoing bankruptcy reorganization[14].

Financial Performance - In 2016, the parent company's net profit was CNY 258,091,971.07, while the consolidated net profit was CNY 234,323,307.13[8]. - The cumulative distributable profit for the parent company was negative CNY 641,004,305.94, leading to a decision not to distribute profits for 2016[8]. - The company's operating revenue for 2016 was CNY 1,114,312,808.36, representing a year-on-year increase of 2.17% compared to CNY 1,090,652,107.00 in 2015[21]. - The net profit attributable to shareholders for 2016 was CNY 234,323,307.13, a decrease of 18.75% from CNY 288,392,098.18 in 2015[21]. - The company reported a basic earnings per share of CNY 0.2060 for 2016, down 18.77% from CNY 0.2536 in 2015[22]. - The weighted average return on equity decreased to 14.47% in 2016 from 21.40% in 2015, reflecting a decline of 6.93%[22]. - The total assets of the company as of the end of 2016 were CNY 1,957,171,505.92, an increase of 1.84% from CNY 1,921,878,373.07 at the end of 2015[22]. - The company's total revenue for the reporting period was CNY 1,114,312,808.36, representing a year-on-year increase of 2.17% from CNY 1,090,652,107.00[65]. Operational Highlights - The company has not made any changes to its main business operations during the reporting period, which focuses on non-ferrous metal mining and trading[19]. - The company’s major asset restructuring was completed in January 2013, shifting its main business to non-ferrous metal products trading and mining[19]. - The company’s controlling shareholder remains Jianxin Group as of December 31, 2016, with no changes reported[19]. - The company has an annual production capacity of 1.8 million tons for lead and zinc mining, enhancing its position among independent lead and zinc mining enterprises in China[49]. - The company mined a total of 2,443.8 thousand tons of lead and zinc ore and processed 2,252.28 thousand tons of lead and zinc ore[55]. - The production of lead concentrate was 14,781.06 tons, while zinc concentrate production was 84,530.64 tons, showing a slight decrease of 1.05% compared to the previous year[56]. - The company completed key engineering projects, including the renovation of mining office buildings and the installation of systems in new mining areas, contributing to improved production efficiency[59]. Inventory and Costs - The company had a significant increase in inventory, with lead concentrate and zinc concentrate inventories rising by 2,543.36 tons and 1,880.96 tons respectively compared to the previous year[23]. - Operating costs increased by 25.65% year-on-year, driven by higher costs in direct materials, labor, and ore consumption[23]. - The total operating costs increased by 9.50% to CNY 647,978,371.27 in 2016 from CNY 591,787,208.51 in 2015[75]. - The cost of direct materials in non-ferrous metal mining rose by 23.13% to CNY 57,885,380.89 in 2016 from CNY 47,010,125.81 in 2015[74]. Cash Flow and Financial Health - The net cash flow from operating activities increased by 113.98% to CNY 413,259,926.73 in 2016, up from CNY 193,125,719.90 in 2015[21]. - Cash and cash equivalents increased by 128.79% year-on-year, mainly due to the recovery of accounts receivable from the previous year[45]. - The asset-liability ratio decreased by 134.95% to 9.47%, primarily due to the repayment of bank loans[101]. - The current ratio rose by 60.31% to 3.88, reflecting a decrease in current liabilities from loan repayments[102]. Market and Sales Strategy - The company’s sales strategy includes a direct sales model, ensuring over 70% of sulfuric acid sales to stable major customers[35]. - Domestic sales contributed 99.15% of total revenue, increasing by 13.83% to CNY 1,104,879,054.70, while international sales dropped by 92.14% to CNY 9,433,753.66[66]. - The gross profit margin for non-ferrous metal mining was 46.29%, down 13.46% year-on-year, while the gross profit margin for sulfuric acid and its by-products was 23.96%, up 33.04% year-on-year[67]. Future Plans and Investments - The company plans to increase exploration investment in 2017 to expand resource reserves, following positive results from drilling in the Jiangshan mining area[43]. - The company aims to process 2.4 million tons of lead, zinc, and copper ore in 2017, with expected product outputs of 12,200 tons of lead concentrate, 66,200 tons of zinc concentrate, and 2,000 tons of copper concentrate[125]. - The company plans to expand into downstream sulfur chemical production to establish a new pillar industry[122]. - The company will focus on mining project mergers and acquisitions to increase resource reserves while leveraging existing production capacity[121]. Environmental and Safety Initiatives - The company is focused on green mining and has made significant progress in environmental management, completing various pollution control projects[60]. - The company is committed to environmental protection and will invest in facilities to manage waste and reduce environmental impact[136]. - The company emphasizes safety production and environmental responsibility, increasing investment in safety management and environmental protection measures[131]. Legal and Regulatory Matters - The controlling shareholder, Jianxin Group, applied for bankruptcy reorganization on October 27, 2016, due to an inability to repay debts, with the court approving the reorganization on December 2, 2016[193]. - The company is involved in a legal dispute regarding the transfer of 20 million shares, but it asserts that it is not a party to the contract in question[170]. - The company has maintained its independence in business, assets, finance, personnel, and organization from its controlling shareholder[158]. Audit and Compliance - The company received a standard unqualified audit report from Ruihua Certified Public Accountants for the 2016 financial report[6]. - The company’s internal control evaluation concluded that there were no significant defects in financial reporting controls[6]. - The internal control system has been enhanced to ensure compliance and effective execution of company policies, with multiple checks and training sessions conducted[63].

Financial Performance - Total assets at the end of the reporting period were CNY 1,890,796,773.72, a decrease of 1.62% compared to the end of the previous year[8] - Net assets attributable to shareholders of the listed company increased by 11.31% to CNY 1,658,184,052.81[8] - Operating revenue for the reporting period was CNY 294,917,510.90, representing a year-on-year increase of 56.97%[8] - Net profit attributable to shareholders of the listed company reached CNY 90,808,669.59, a significant increase of 301.74% compared to the same period last year[8] - Basic earnings per share were CNY 0.0799, reflecting a growth of 301.51% year-on-year[8] - The weighted average return on net assets was 5.68%, an increase of 205.38% compared to the previous year[8] - The company generated a net cash flow from operating activities of CNY 282,971,548.91, up 107.79% year-to-date[8] - The company's operating revenue increased by 32.74% to ¥782,836,657.04 compared to the previous year, driven by a significant reduction in inventory and higher sales volume[17] - Net profit attributable to shareholders rose by 29.31%, amounting to an increase of ¥34,481,060.41, primarily due to higher sales volumes of key products[21] - Cash flow from operating activities improved by 107.79%, reaching ¥282,971,548.91, mainly due to the recovery of accounts receivable from the previous year[18] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 47,655[12] - Gansu Jianxin Industrial Group Co., Ltd. held 40.99% of the shares, amounting to 466,139,241 shares, with all shares frozen[12] - Beijing Saide Wanfang Investment Co., Ltd. held 26.51% of the shares, totaling 301,508,345 shares, which were also pledged[12] Debt and Cash Management - The company's short-term borrowings decreased by 88.31%, down to ¥18,000,000.00, as a result of repayment of bank loans[16] - Accounts receivable decreased by 39.76%, totaling ¥188,900,298.16, due to the collection of outstanding payments from the previous year[16] - The company’s financial expenses decreased by 44.99%, amounting to ¥3,894,247.80, due to reduced interest on borrowings[17] Inventory and Sales - The inventory of lead concentrate and zinc concentrate saw a significant sales increase of 74.11% and 58.32%, respectively, with ending inventories down by 73.18% and 98.79% compared to the previous year[20] - The company reported a significant increase in sales expenses by 53.42% to ¥12,223,164.85, attributed to increased transportation costs[17] Asset Management and Investments - The company plans to inject 100% equity of Inner Mongolia Zhongxi Mining Co., Ltd. into the listed company by the end of 2016, although there are challenges in the technical reform and equity pledge release[23] - The company is in discussions with the Weixian government regarding the specific arrangements for the asset injection from Hongyuan Mining, which has not progressed as of the report date[24] - The company has committed to assist in finalizing the mining rights for Zhongdu Mineral before 2015, but the timeline for obtaining the mining license remains uncertain[25] - The company is actively working on the arrangements for the asset injection from Hongyuan Mining, which is contingent on regulatory approvals[24] - The company is working on the asset securitization of a 45% stake in Gansu Xinzhou Mining Co., Ltd., pending approval from state-owned asset departments[29] - The company plans to complete further exploration work at the Oubulake Copper Mine by 2016, with a target of over 1 million tons of copper ore reserves[29] Regulatory and Compliance - The company is currently in compliance with the legal and regulatory requirements for related party transactions[30] - The company has committed to fulfilling all relevant information disclosure obligations regarding share transfers[32] - The company will not engage in any actions that harm the interests of the listed company and its shareholders, especially minority shareholders[32] - The company has confirmed that two of its enterprises meet the current "Lead and Zinc Industry Access Conditions" and will bear any related losses if they fail to comply in the future[33] Future Commitments and Projections - The company has committed to a 36-month lock-up period for shares acquired through the non-public offering, which will not be transferred or requested for repurchase during this time[32] - The company is expected to inject the assets of Huixian Hongyuan Mining Co., Ltd. into the listed company before the end of 2016[29] - The company has agreed to compensate RMB 20 million if the asset injection is not completed by the end of 2017[29] - There are no significant changes expected in the cumulative net profit from the beginning of the year to the next reporting period[34] Miscellaneous - The company has not engaged in any securities investments during the reporting period[35] - There are no derivative investments reported during the reporting period[35] - The company did not conduct any research, communication, or interview activities during the reporting period[36] - There are no instances of non-compliant external guarantees during the reporting period[37] - There are no non-operating fund occupations by controlling shareholders or their affiliates reported during the reporting period[38]

Financial Performance - The company reported a revenue of ¥487,919,146.14 for the first half of 2016, representing a 21.41% increase compared to ¥401,873,740.91 in the same period last year[20]. - Net profit attributable to shareholders decreased by 35.49% to ¥61,306,915.80 from ¥95,030,697.81 year-on-year[20]. - The net cash flow from operating activities increased by 19.54% to ¥194,261,666.63 compared to ¥162,503,448.77 in the previous year[20]. - The company's total operating revenue for the reporting period was ¥487,919,146.14, a 21.41% increase compared to ¥401,873,740.91 in the same period last year, primarily due to increased capacity at Dong Mine[32]. - The operating cost increased by 48.65% to ¥343,275,495.92, mainly due to higher total costs from increased capacity and a decline in ore grade leading to higher unit costs[32]. - The gross profit margin for non-ferrous metal mining and selection was 36.46%, a decrease of 26.96% compared to the previous year[38]. - The company reported a 26.96% decrease in gross profit margin primarily due to a decline in product sales prices and rising costs[40]. Production and Operations - The company produced 113.09 thousand tons of lead-zinc ore and 11.94 thousand tons of copper ore during the reporting period[28]. - The company produced 52,151 tons of sulfuric acid and 48,791 tons of iron concentrate during the reporting period[28]. - The sales volume of non-ferrous metal mining and selection increased by 53.79% year-on-year, reaching 240,706.05 tons, while production volume rose by 50.19% to 240,008.18 tons[29][30]. - The inventory of sulfuric acid and its by-products increased by 49.93% year-on-year, primarily due to 11,075.12 tons of unshipped iron concentrate at the end of the reporting period[30]. - The company completed 56.82% of its annual plan for lead-zinc ore mining, extracting 1.25 million tons out of a target of 2.2 million tons[36]. Strategic Initiatives - The company plans to actively explore mergers and acquisitions in the mining sector to enhance profitability and risk resistance[28]. - The company is actively seeking new resource development projects to ensure sustainable growth in the future[35]. - The company plans to expand resource utilization and extend its industrial chain to enhance core competitiveness in line with the "13th Five-Year" industrial policy[41]. - The company is in the process of acquiring Huixian Hongyuan Mining Co., Ltd., with the acquisition expected to be completed by October 2014[89]. - The company has committed to injecting 40% equity of Xinzhou Mining into the listed company by the end of 2017, with a penalty of 20 million RMB if not completed[89]. - The company plans to inject 100% equity of Inner Mongolia Zhongxi Mining into the listed company by the end of 2016[89]. Financial Position - Total assets at the end of the reporting period were ¥1,840,879,246.47, a decrease of 4.21% from ¥1,921,878,373.07 at the end of the previous year[20]. - The company's net assets attributable to shareholders increased by 4.79% to ¥1,561,135,351.07 from ¥1,489,758,836.49 at the end of the previous year[20]. - The net increase in cash and cash equivalents was ¥65,627,792.59, a significant improvement of 360.46% compared to a decrease of ¥25,196,727.35 in the previous year[32]. - The company reported a remaining debt balance of CNY 5,733,838.94 as of June 30, 2016, related to previously unpaid obligations[66]. Legal and Compliance - The company is involved in a legal dispute regarding the transfer of 20 million shares, which is not expected to impact its operations or future profits[62]. - The company has not made any profit distribution or capital reserve transfer to increase share capital during the reporting period[57][58]. - The company has not engaged in any asset acquisitions or sales during the reporting period[67][68]. - There were no corporate mergers during the reporting period[69]. - The company has not reported any changes in its debt situation during the reporting period[103]. Shareholder Information - The total number of shares before the change was 1,137,299,314, with a significant reduction of 841,200,530 shares due to the lifting of restrictions on limited shares[106]. - The number of shareholders holding more than 5% of ordinary shares includes Gansu Jianxin Industrial Group Co., Ltd. with 40.99% and Beijing Saide Wanfang Investment Co., Ltd. with 26.51%[108]. - The company’s total number of ordinary shareholders at the end of the reporting period was 48,235[107]. - The company’s limited sale shares decreased by 841,180,373 shares, while unlimited sale shares increased to 1,137,214,367 shares[106]. - The company’s shareholding structure shows that the majority of shares are held by domestic legal persons[106]. Accounting and Financial Reporting - The financial report for the first half of 2016 was not audited[116]. - The financial statements were prepared based on the going concern assumption and in accordance with the relevant accounting standards[124]. - The company confirms that its financial statements comply with the requirements of the accounting standards and accurately reflect its financial position as of June 30, 2016[125]. - The company uses RMB as its functional currency for accounting purposes[129]. - The company has established specific accounting policies and estimates related to revenue recognition and other transactions based on its operational characteristics[126]. Investment and Assets - The company recognizes long-term equity investments at a maximum of zero, limited to the book value of the investment and any additional loss obligations incurred[183]. - Investment properties are initially measured at cost and include rental income or capital appreciation[190]. - Fixed assets are depreciated using the straight-line method over their useful lives, which range from 3 to 30 years depending on the asset category[191]. - The company capitalizes borrowing costs directly attributable to the acquisition or construction of qualifying assets until they are ready for use[196]. - Intangible assets are recognized at cost, with expenditures related to economic benefits likely to flow into the company capitalized[199].

Financial Performance - Revenue for the first quarter reached ¥167,103,127.08, an increase of 30.64% compared to ¥127,911,080.83 in the same period last year[7] - Net profit attributable to shareholders was ¥10,090,184.94, a decrease of 26.99% from ¥13,819,542.49 year-on-year[7] - The company reported a basic earnings per share of ¥0.0089, a decrease of 27.05% from ¥0.0122 in the same period last year[7] - The net profit after deducting non-recurring gains and losses was ¥10,100,604.27, reflecting a decrease of 26.90% compared to ¥13,816,978.89 last year[7] - The weighted average return on equity decreased to 0.83%, down from 1.41% in the previous year[7] Cash Flow and Assets - Net cash flow from operating activities increased by 114.88% to ¥101,627,031.03, up from ¥47,294,943.24 in the previous year[7] - Cash and cash equivalents increased by 62.77% to ¥250,105,568.28, primarily due to the recovery of receivables[14] - The company reported a net cash outflow from investing activities of ¥30,881,492.44, a 57.37% improvement compared to the previous year[16] - The company secured ¥25,707,454.23 in net cash inflow from financing activities, a significant turnaround from a net outflow in the prior period[16] - Total assets at the end of the reporting period were ¥1,853,696,855.14, down 3.55% from ¥1,921,878,373.07 at the end of the previous year[7] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 49,097[10] - The largest shareholder, Gansu Jianxin Industrial Group Co., Ltd., holds 40.99% of the shares, totaling 466,139,241 shares[10] Business Operations - Main business revenue rose by 30.64% to ¥167,103,127.08, driven by increased sales volume of mining products[15] - Main business cost increased by 45.14% to ¥122,820,038.88, also attributed to higher sales volume[15] - Sales expenses increased by 253.74% to ¥4,424,183.80, primarily due to higher freight costs[15] - Inventory increased by 112.80% to ¥77,258,587.48, indicating a rise in stock levels at the end of the period[14] - Accounts receivable decreased by 56.93% to ¥135,037,043.50, reflecting effective collection efforts[14] Asset Injection and Commitments - The company has commitments regarding the injection of assets from Gansu Xinzhou Mining Co., with a 45% equity stake expected to be injected into the listed company by the end of 2017, pending regulatory approvals[19] - The company anticipates the injection of 100% equity from Inner Mongolia Zhongxi Mining Co. into the listed company by the end of 2016[20] - The company has a commitment to inject assets from Shanxi Jindecheng Mining Co. within 2 years after the company commences production, expected by the end of 2017[20] - The company has a commitment to inject assets from Urat Rear Flag Ruifeng Lead Smelting Co. after two consecutive years of profitability in the industry[19] - The company has outlined a compensation of 20 million RMB if the asset injection from Xinzhou Mining is not completed by the end of 2017[19] Compliance and Regulatory Issues - The company has received a notification from the Gansu Provincial Land and Resources Department regarding the transfer of exploration rights, which has been complicated by regulatory issues[20] - The company is focused on resolving the legal and compliance issues related to the transfer of mining rights and asset injections[20] - The company has committed to avoid any business competition with its controlling shareholder and related parties, ensuring no similar business activities will be pursued[24] - The company has confirmed that it will maintain independence in business, assets, finance, personnel, and organization from its controlling shareholder and its subsidiaries[24] - The company has conducted a compliance check against the "Lead and Zinc Industry Access Conditions" and confirmed that its subsidiaries meet all current requirements[24] Future Outlook - The net profit commitment for 2013 is not less than RMB 27,752.22 million, for 2014 is not less than RMB 32,986.51 million, and for 2015 is not less than RMB 33,067.93 million[21] - There are no significant changes expected in the net profit for the first half of 2016 compared to the previous year, indicating stability in performance[25] Investment Strategy - The company reported no involvement in securities or derivative investments during the reporting period, reflecting a conservative investment strategy[26][28] - There were no non-operating fund occupations by the controlling shareholder or related parties during the reporting period, ensuring financial integrity[29] - The company is actively pursuing market expansion and new technology development through strategic asset injections and partnerships[20] Performance and Evaluation - The asset evaluation value using the asset-based method is RMB 216,938.93 million, while using a 25% tax rate, the evaluation value would be RMB 198,696.15 million, resulting in a difference of RMB 18,242.78 million[21] - The evaluation methods for major asset restructuring transactions include both asset-based and income approaches[21] - The company has completed the performance compensation commitments without any performance compensation situations arising[21] - The company has disclosed its current mining and non-mining business segments accurately, with no omissions[23] - The company will handle the lock-up procedures for shares and fulfill related information disclosure obligations after the lock-up period[23]

Financial Performance - The company reported a cumulative unallocated profit of RMB 1,702,578.38 after compensating for previous losses totaling RMB 889,603,158.73[9]. - In 2015, the company completed the compensation of all previous losses, with RMB 281,385,063.67 in 2013, RMB 322,605,939.41 in 2014, and no cash dividends proposed for 2015 due to limited distributable profits[9]. - The company does not plan to distribute cash dividends or issue bonus shares for the 2015 fiscal year, focusing instead on long-term sustainable development[6]. - The company's operating revenue for 2015 was ¥1,090,652,107, an increase of 10.51% compared to ¥986,921,890 in 2014[20]. - Net profit attributable to shareholders for 2015 was ¥288,392,098, a decrease of 10.61% from ¥322,605,939 in 2014[21]. - Basic earnings per share for 2015 were ¥0.2536, down 10.61% from ¥0.2837 in 2014[21]. - The total revenue for the year reached 1.091 billion RMB, with a net profit of 288 million RMB[42][43]. - The total revenue for 2015 was CNY 586.72 million, reflecting a year-on-year increase of 17.34% from CNY 500.00 million in 2014[63]. Asset Management - The company underwent a significant asset restructuring in January 2013, changing its main business to non-ferrous metal mining and trading, as well as technology import and export[18]. - The company has a significant resource reserve, with the Dongshengmiao Mining subsidiary ranking high nationally in sulfur iron ore reserves and having substantial zinc reserves in the northwest region[35]. - The company completed a technical transformation project that reduced acid production costs by 32.5 RMB per ton and decreased energy consumption by 27.1 kWh per ton[48]. - The company has ongoing projects with a total planned investment of 344.24 million yuan, of which 112.69 million yuan has been invested in the current reporting period[80]. - The company has confirmed that Dongshengmiao Mining and Fengyang Jinpeng Mining meet all current industry access conditions[116]. Operational Strategy - The company plans to retain profits for working capital rather than issuing new shares or convertible bonds, as the cumulative cash distribution over the last three years is less than 30% of the average annual distributable profit[9]. - The company plans to enhance vertical integration in the resource sector, expanding into downstream industries related to non-ferrous metals[34]. - The company aims to enhance its core competitiveness by expanding resource utilization and extending its industrial chain[90]. - The company plans to actively explore existing lead-zinc mineral resources and enhance resource reserves through collaboration with domestic geological exploration teams[93]. - The company is exploring opportunities in comprehensive resource utilization and green mining to promote sustainable development[32]. Market Conditions - The company operates in the non-ferrous metal mining industry, which is currently facing challenges due to declining prices and increased quality demands from smelters[32]. - The company faces market risks due to price volatility in the non-ferrous metal industry and plans to control costs and enhance marketing efforts to mitigate these risks[99]. - The company will explore other business areas to enhance profitability and risk resistance due to the cyclical nature of the non-ferrous metal industry, which is currently in a downturn[93]. Corporate Governance - The company has not made any changes to its controlling shareholder since December 31, 2015, with Jianxin Group remaining the controlling entity[18]. - The financial report for 2015 received a standard unqualified opinion from Ruihua Certified Public Accountants[6]. - The company has retained Ruihua Certified Public Accountants for two years, with an audit fee of 880,000 RMB for 2015[124]. - The company has a diverse board with members holding various professional backgrounds, including engineering, economics, and law[181][183]. - The current board includes independent directors with significant experience in finance and management, enhancing corporate governance[183]. Environmental and Safety Practices - The company has implemented a comprehensive safety and environmental protection strategy, achieving no major safety incidents throughout the year[50]. - The company is committed to environmental protection and will invest in facilities to manage waste and comply with increasing environmental standards[101]. - The company has achieved significant results in environmental protection, receiving unanimous praise from experts during clean production audits[159]. - The company actively engages with stakeholders to promote coordinated development with society[156]. Human Resources - The company had a total of 920 employees as of December 31, 2015, with 48 in the parent company and 872 in subsidiaries[192]. - The total remuneration for directors, supervisors, and senior management in 2015 amounted to 4.583 million yuan[191]. - The employee composition included 56% production personnel, 2% sales personnel, 14% technical personnel, 2% financial personnel, and 26% administrative personnel[194]. - The company conducted internal and external training to enhance employee awareness of corporate culture and professional skills[199]. Related Party Transactions - The company reported actual related party transactions amounting to RMB 85.45 million, which is within the estimated range of RMB 185.55 million for the reporting period[130]. - The company’s related party transactions are based on market prices and do not deviate significantly from third-party pricing[133]. - The company’s transactions include leasing office space and providing labor services, with prices set at RMB 30.45 and RMB 30.09 respectively[133]. - The actual amount of related party transactions during the reporting period was 2,952,700 RMB, which did not exceed the estimated range of 4,000,000 RMB[134]. Future Plans - The company plans to publicly issue bonds totaling no more than 500 million RMB, with a term not exceeding 5 years, to broaden financing channels and reduce capital costs[162]. - The company plans to process 2.2 million tons of lead-zinc ore and handle 2.1 million tons of lead-zinc ore in the upcoming period[91]. - The company aims to actively expand into the financial, environmental, and emerging strategic industries[93].

Financial Performance - Operating revenue for the reporting period was ¥187,884,187.09, a decrease of 20.62% year-on-year[7]. - Net profit attributable to shareholders of the listed company was ¥22,603,827.17, down 70.77% compared to the same period last year[7]. - Basic earnings per share decreased by 70.74% to ¥0.0199[7]. - The weighted average return on net assets was 1.86%, a decrease of 75.72% year-on-year[7]. - Net profit decreased by 31.15% to $117.63 million, mainly due to an increase in finished goods inventory[15]. - The company's net profit decreased by CNY 53,228,286.92, a decline of 31.15% year-on-year, primarily due to unsold inventory of 20,028.490 metal tons of lead and zinc concentrates[18]. - The net profit attributable to the parent company is below 320 million yuan[28]. - The company has not forecasted significant changes in net profit compared to the previous year[33]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,747,656,884.11, an increase of 6.39% compared to the end of the previous year[7]. - Net assets attributable to shareholders of the listed company increased by 10.15% to ¥1,328,553,970.46[7]. - Total liabilities decreased by 20.28% to $169 million, reflecting repayment of bank loans[16]. - Cash and cash equivalents decreased by 17.30% to $131.61 million due to repayment of bank loans and payment of prior engineering fees[14]. - Accounts receivable decreased by 31.29% to $119.27 million primarily due to the recovery of previous payments[14]. - Inventory increased significantly by 400.84% to $132.15 million, indicating a substantial rise in stock levels[14]. - The company reported non-recurring losses totaling ¥558,234.05 for the reporting period[8]. Cash Flow - Cash flow from operating activities for the year-to-date was ¥136,183,918.77, an increase of 28.12%[7]. - Cash flow from operating activities increased by 28.12% to $136.18 million, driven by the recovery of previous accounts[15]. - The company did not engage in any new financing activities this period, leading to a 124.8% decrease in cash flow from financing activities[16]. - Financial expenses surged by 182.29% to $7.08 million, primarily due to increased borrowing costs[15]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 35,168[10]. - The largest shareholder, Gansu Jianxin Industrial Group Co., Ltd., held 40.99% of the shares, totaling 466,139,241 shares[10]. - The company committed to not trading 10.4 million shares for 36 months post the implementation of the share reform plan[28]. - The company has committed to not transferring shares from the non-public offering for 36 months post-approval[28]. - The lock-up period for shares obtained through the non-public offering is set at 36 months due to insufficient ownership duration of the underlying assets[31]. Strategic Plans and Investments - The company plans to issue bonds with a total face value of no more than CNY 500 million, with a term not exceeding 5 years, to broaden financing channels and reduce funding costs[22]. - The company is in the process of a major asset restructuring, which includes cash acquisitions of several companies, but the final plan will depend on the completion of audits and evaluations[21]. - The company is working to introduce strategic investors to strengthen its position as a leading diversified enterprise in mineral resource investment and development[20]. - The company aims for a net profit of no less than CNY 280 million in the first accounting year following the completion of the major asset restructuring[27]. - The company plans to inject assets from the Baotou Huafeng Zinc Oxide Co., Ltd. after two consecutive years of profitability in the industry[29]. - The company aims to complete the asset injection of 40% equity in Gansu Xinzhou Mining Co., Ltd. by the end of 2017, with a compensation of 20 million yuan if not completed[29]. - The company expects to inject 100% equity of Inner Mongolia Zhongxi Mining Co., Ltd. by the end of 2016[29]. - The company will inject assets from Shanxi Jindecheng Mining Co., Ltd. within two years after the company is put into production, expected by 2017[29]. - The company plans to inject assets from the Urat Houqi Oubulake Copper Mine if the proven copper ore reserves reach over 1 million tons, expected by 2017[29]. - The company has completed the reserve report filing for Fengyang Zhongdu Mineral Development Service Co., Ltd. and has initiated asset injection work[29]. Compliance and Governance - The company has confirmed compliance with the "Lead and Zinc Industry Access Conditions" for its subsidiaries[32]. - There are no violations of external guarantees reported during the period[38]. - The company has committed to protecting the interests of minority shareholders[32]. - The company has confirmed that it will maintain independence in business, assets, finance, personnel, and organization from its controlling shareholder and its affiliates[32]. - The company has committed to resolving obstacles to injecting the lead-zinc segment into the listed company and will exchange or fully inject the relevant equity when conditions are met[31]. - The company will not engage in any business that is the same or similar to that of the listed company during the period when the actual controller Liu Jianmin is in control[31]. - The company plans to provide necessary support and assistance to the listed company for future business development opportunities[31]. Miscellaneous - There are no securities investments or derivative investments reported during the period[34][36]. - The company has not held any equity in other listed companies during the reporting period[35]. - There were no non-operating fund occupations by the controlling shareholder or its affiliates reported[39]. - The company has not conducted any investor relations activities other than the one disclosed on June 12, 2015[37].