Financial Performance - The company's operating revenue for the first half of 2015 was CNY 401,873,740.91, representing a 13.10% increase compared to CNY 355,330,807.66 in the same period last year[21]. - The net profit attributable to shareholders was CNY 95,030,697.81, a 1.62% increase from CNY 93,519,002.95 year-on-year[21]. - The basic earnings per share increased to CNY 0.0836, up 1.70% from CNY 0.0822 in the prior year[21]. - The company reported a total comprehensive income of CNY 95,030,697.81 for the first half of 2015, compared to CNY 93,519,002.95 in the previous year, indicating a growth of about 1.6%[127]. - The company reported a net profit of 8.93 million, representing a significant increase compared to the previous period[138]. - The company reported a net profit attributable to shareholders of 2.81 million, reflecting a decrease of 6.6% year-on-year[140]. - The net profit attributable to shareholders for the same period was 271,919,947.00 yuan, reflecting a growth of 47.1% year-on-year[143]. - The company reported a total revenue of 1,137,299,314.06 RMB for the first half of 2015[146]. Cash Flow and Liquidity - The net cash flow from operating activities surged by 947.04%, reaching CNY 162,503,448.77, compared to a negative cash flow of CNY -19,184,863.54 in the previous year[21]. - The company's cash flow from operating activities showed a net outflow of CNY 21,664,588.10, compared to a net outflow of CNY 84,853,866.84 in the previous period, indicating an improvement[133]. - Cash inflow from investment activities was CNY 39,112,386.74, significantly higher than CNY 4,592,900.00 in the previous period, reflecting increased investment returns[134]. - The ending balance of cash and cash equivalents was CNY 3,421,762.67, down from CNY 186,213,831.26 in the previous period, indicating a liquidity contraction[134]. - The company incurred CNY 74,037,765.45 in cash outflows for purchasing goods and services, compared to CNY 170,884,193.05 in the previous period, showing a reduction in operational expenses[133]. - The cash and cash equivalents at the end of the period amounted to 1,000,000,000.00 yuan, up from 800,000,000.00 yuan in the previous year[143]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,623,994,585.18, a decrease of 1.13% from CNY 1,642,632,950.05 at the end of the previous year[21]. - Total liabilities decreased to CNY 317,104,399.13 from CNY 436,524,271.49, representing a reduction of approximately 27.3%[121]. - Current liabilities totaled CNY 284,633,962.21, down from CNY 404,236,462.20, indicating a decrease of about 29.5%[121]. - The company’s total equity increased to CNY 1,306,890,186.05 from CNY 1,206,108,678.56, showing a growth of 8.3%[121]. - The total assets of the company increased to 5 billion yuan, reflecting a growth of 8% year-on-year[139]. Investments and Acquisitions - The company invested CNY 1,000,000 in external equity during the reporting period, a 100% increase from zero in the previous year[39]. - The company is exploring potential acquisitions to strengthen its position in the market, with a budget of $1 billion allocated for this purpose[137]. - The company is considering strategic acquisitions to enhance its market position, with a budget of 1 billion yuan allocated for potential deals[139]. - The company is negotiating with the government regarding the next steps for the acquisition of the mining rights of Huixian Hongyuan Mining, which has faced regulatory challenges[86]. Operational Performance - The company extracted 701,600 tons of lead-zinc ore and 108,100 tons of copper ore during the reporting period, achieving production of 45,117 tons of sulfuric acid and 41,903 tons of ferrous powder[29]. - Operating costs increased by 9.16% to CNY 230,932,397.04, also attributed to the increased capacity at Dongmin Company[31]. - The company reported a gross margin of 42.72% for the total business, with a 13.68% increase in operating costs compared to the previous year[35]. - The company maintained a strong focus on cost control and resource utilization, leveraging its advantages in labor outsourcing and geographical location[38]. Shareholder and Corporate Governance - The company does not plan to distribute cash dividends or issue bonus shares for the half-year period[6]. - The company has committed to injecting 40% equity of Xinzhou Mining into the listed company by the end of 2017, with a compensation of RMB 20 million if not completed[84]. - The company has confirmed that the two acquired companies meet all current "Lead and Zinc Industry Access Conditions" requirements[93]. - The company has successfully fulfilled its commitments regarding the share reform, with performance indicators exceeding the promised values[94]. Regulatory and Compliance - The semi-annual financial report has not been audited[95]. - The financial report for the first half of 2015 was not audited[117]. - The company adheres to the accounting standards set by the Ministry of Finance and the China Securities Regulatory Commission[157]. - The company is focused on maintaining compliance with regulatory requirements during its stock issuance process[90]. Research and Development - The company is investing $200 million in research and development for new technologies aimed at enhancing user experience[137]. - Research and development expenses for new technologies reached 50,000,000.00 yuan, representing a 15% increase compared to the last year[143]. - The company aims to improve user data analytics to better understand market trends and customer preferences[138]. Market Outlook - The company provided guidance for the next quarter, expecting revenue to be between $9.8 billion and $10.2 billion, indicating a potential growth of 3% to 7%[137]. - Future guidance indicates a projected revenue growth of 15% for the next fiscal year[138]. - The company plans to expand its market presence and invest in new technologies to enhance operational efficiency[140].

Financial Performance - The company reported a cumulative unremedied loss of -286,689,519.80 RMB as of December 31, 2014, with expectations to fully offset the losses in 2015[15]. - In 2014, the company compensated losses amounting to 322,605,939.41 RMB, following a compensation of 281,385,063.67 RMB in 2013[15]. - The company achieved operating revenue of CNY 986,921,890.03 in 2014, representing a 47.37% increase compared to CNY 669,689,204.12 in 2013[26]. - The net profit attributable to shareholders was CNY 322,605,939.41, a 14.65% increase from CNY 281,385,063.67 in the previous year[26]. - The net cash flow from operating activities reached CNY 299,920,694.88, up 57.04% from CNY 190,986,366.94 in 2013[26]. - The total revenue for the year reached CNY 980,638,015.30, reflecting a year-on-year increase of 50.69%, while total cost of goods sold was CNY 499,995,644.79, up 98.38%[51]. - The gross profit margin for the main business was 49.01%, down 20.00% compared to the previous year, with the highest margin in the non-ferrous metal mining segment at 64.34%[51]. - The company reported a weighted average return on equity of 27.86%, down from 33.81% in 2013[26]. Business Operations - The company underwent a significant asset restructuring in January 2013, inheriting unremedied losses from the previous entity[15]. - The company’s main business shifted to non-ferrous metal product trading and mining after the restructuring[22]. - The company plans to issue 23,952,095.8 shares at a price of CNY 5.01 per share to raise CNY 1.2 billion for working capital[32]. - The company mined 910,000 tons of lead-zinc ore and produced 98,466 tons of sulfuric acid during the reporting period[33]. - The company reported a total of 10,131.54 tons of non-ferrous metal products traded, with a purchase amount of CNY 203,053,853.83, accounting for 40.61% of total operating costs[35]. - The total sales volume of non-ferrous metal mining products reached 187,620.09 tons, a slight increase of 0.46% from 186,765.09 tons in 2013[38]. - The production volume of non-ferrous metal mining products increased by 12.30% to 184,200.03 tons from 164,026.85 tons in 2013[38]. - The inventory of non-ferrous metal mining products decreased by 75.55% to 1,106.66 tons compared to 4,526.72 tons in the previous year[38]. - The sales volume of sulfuric acid and its by-products decreased by 6.29% to 185,776.59 tons from 198,240.22 tons in 2013[38]. - The production volume of sulfuric acid and its by-products also decreased by 6.36% to 185,040 tons from 197,603 tons in 2013[38]. Shareholder and Capital Management - The company plans to issue a total of 239,520,958 shares at a price of 5.01 CNY per share, raising 1.2 billion CNY to supplement its working capital[108]. - The performance commitment from the controlling shareholder, Jianxin Group, includes a net profit of no less than 320 million CNY for the first accounting year after the major asset restructuring[111]. - The company has fulfilled its performance commitments for the years 2013 and 2014, with no additional payment obligations required from Jianxin Group[111]. - The company reported a net profit of no less than 280 million CNY for the second accounting year after the major asset restructuring[110]. - The company has committed to not transferring or requesting the acquisition of shares for 36 months following the approval of the non-public offering by the China Securities Regulatory Commission[112]. Environmental and Compliance - The company has maintained compliance with environmental protection standards and has not faced any administrative penalties during the reporting period[78][80]. - The company has invested significantly in environmental facilities and established a comprehensive environmental management system[71]. - The company has completed all required rectifications following a regulatory review by the China Securities Regulatory Commission, enhancing its governance and internal control mechanisms[122]. - The company has established a governance structure that complies with the requirements of the Company Law and the relevant regulations of the China Securities Regulatory Commission, with no discrepancies found[177]. Related Party Transactions - The total amount of related party transactions for the reporting period was 128.77 million yuan, which is within the expected range of 220.56 million yuan[95]. - The company sold lead concentrate to its controlling shareholder, with a transaction amount of 74.42 million yuan, based on market pricing[95]. - The company purchased sulfur iron concentrate at a price of 210 yuan per ton, totaling 15.18 million yuan[95]. - The company emphasized that related party transactions are necessary for daily operations and do not harm the interests of minority shareholders[95]. - The company reported that the related party transactions were conducted at market prices, ensuring fairness and transparency[95]. Future Plans and Strategies - The company plans to enhance its resource reserves and metal varieties through the injection of mature mineral resources from its controlling shareholder, which is expected to support steady growth[56]. - The company plans to mine 1.7 million tons of lead and zinc ore, 197,000 tons of copper ore, and produce 62,360 tons of zinc concentrate, 14,850 tons of lead concentrate, 1,800 tons of copper concentrate, and 196,300 tons of sulfur concentrate in 2015[65]. - The target for 2015 is to achieve a main business revenue of 850 million RMB and a net profit of no less than 330.68 million RMB[65]. - The company aims to enhance resource reserves and mining capacity through exploration and upgrading mining equipment technology[65]. - The company will actively pursue technological innovation by recruiting skilled personnel and improving production processes[65]. Governance and Management - The company has established a long-term mechanism to ensure healthy and stable development following the completion of its rectification work[122]. - The company’s audit committee held six meetings during the reporting period, reviewing the 2014 accounting policies and financial reports, and proposed the appointment of Ruihua Certified Public Accountants for internal control audits[187]. - The company has implemented a management system for insider information, ensuring compliance with the regulations set by the China Securities Regulatory Commission[180]. - The company’s independent directors attended board meetings and shareholder meetings, with no objections raised against company matters during the reporting period[186]. - The company has revised its governance documents, including the Articles of Association and various management systems, to enhance operational transparency and compliance[179].

Financial Performance - The company's operating revenue for Q1 2015 was ¥127,911,080.83, representing a 36.44% increase compared to ¥93,752,076.24 in the same period last year[8]. - Net profit attributable to shareholders decreased by 47.77% to ¥13,819,542.49 from ¥26,458,942.57 year-on-year[8]. - The net cash flow from operating activities increased by 57.53% to ¥47,294,943.24 compared to ¥30,023,498.19 in the previous year[8]. - Basic and diluted earnings per share both fell by 47.64% to ¥0.0122 from ¥0.0233 in the same period last year[8]. - Total assets at the end of the reporting period were ¥1,592,040,921.95, a decrease of 3.08% from ¥1,642,632,950.05 at the end of the previous year[8]. - The net assets attributable to shareholders increased by 1.28% to ¥1,221,501,399.17 from ¥1,206,108,678.56 at the end of the previous year[8]. - The weighted average return on equity decreased to 1.04% from 2.61% year-on-year, a decline of 1.57%[8]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 30,954[11]. - The largest shareholder, Gansu Jianxin Industrial Group Co., Ltd., held 40.99% of the shares, amounting to 466,139,241 shares, with 80,730,000 shares frozen[11]. Inventory and Receivables - Accounts receivable decreased by 36.84% to $109,644,389.73, primarily due to the recovery of payments[16]. - Inventory increased by 89.38% to $49,970,385.39, indicating a rise in stock levels compared to the beginning of the period[16]. Expenses - Sales expenses surged by 221.26% to $1,250,705.63, mainly due to increased freight costs[17]. - Financial expenses rose by 427.76% to $2,598,256.59, attributed to higher loan interest during the reporting period[17]. - Cash paid for purchasing goods and services increased by 90.53% to $86,169,634.72, also linked to comprehensive trade[17]. Asset Injection and Commitments - The company plans to inject assets from Xinzhou Mining Company, which is currently under progress[18]. - The company committed to a net profit of no less than 280 million yuan for the first accounting year after the completion of the major asset restructuring[20]. - The company also committed to a net profit of no less than 320 million yuan for the second accounting year following the major asset restructuring[20]. - If the company's net profit falls below 280 million yuan in the first accounting year post-restructuring, an additional payment of 20 million shares will be made[20]. - The company has fulfilled its commitments regarding the additional payment and performance guarantees as of the report date[20]. - The company has ensured compliance with all commitments and there are no violations reported[21]. - The company has committed to resolving issues related to the injection of lead-zinc sector enterprises post-transaction completion[23]. - The company plans to inject the assets of five lead-zinc sector enterprises into the listed company upon achieving certain conditions, aiming to eliminate competition with the listed company[24]. Compliance and Governance - The company is ensuring compliance with commitments to maintain independence in operations, assets, finance, personnel, and institutions[23]. - Jianxin Group will not use its shareholding advantage to harm the interests of the listed company and its shareholders, especially minority shareholders[24]. - If commitments are violated, necessary corrective measures will be taken, and Jianxin Group agrees to compensate the listed company 20 million RMB[24]. - The company has made a commitment to avoid related party transactions with the listed company and will adhere to operational principles for unavoidable transactions[26]. Future Plans - The company plans to inject 100% equity of Shanxi Jindecheng Mining Co., Ltd. into the listed company within 2 years after production starts, expected by 2017[25]. - The company anticipates that if the mineral reserves of Danfeng Huangtai Mining Co., Ltd. reach 6 million tons, the asset will be injected into the listed company by 2016; otherwise, the injection will be abandoned[25]. - The company has committed to injecting 100% equity of Inner Mongolia Zhongxi Mining Co., Ltd. into the listed company by the end of 2016[25]. - The company will complete further exploration at the Urat Rear Flag Oubulake Copper Mine by 2016, with an expected injection into the listed company if copper reserves exceed 1 million tons[25]. Miscellaneous - The company has not held any other listed company shares during the reporting period[29]. - The company has not engaged in any securities investments during the reporting period[27]. - The company has not participated in any derivative investments during the reporting period[30]. - The company has not conducted any research, communication, or interview activities during the reporting period[31].

Financial Performance - Total assets increased by 31.86% to approximately CNY 1.51 billion compared to the end of the previous year[7] - Operating revenue for the reporting period reached approximately CNY 236.68 million, a year-on-year increase of 51.99%[8] - Net profit attributable to shareholders was approximately CNY 77.62 million, reflecting a growth of 20.34% compared to the same period last year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately CNY 77.74 million, up by 25.04% year-on-year[7] - The weighted average return on net assets decreased by 33.84% to 16.25% year-to-date[7] - Cash flow from operating activities for the year-to-date period was approximately CNY 106.85 million, down by 31.09%[7] - The company reported a decrease in net profit year-to-date by 12.19% compared to the previous year[7] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 37,404[13] - The largest shareholder, Gansu Jianxin Industrial Group Co., Ltd., held 40.99% of the shares, totaling approximately 466.14 million shares[13] - The company did not engage in any repurchase transactions among the top ten shareholders during the reporting period[14] Cash and Financing Activities - The company’s cash and cash equivalents increased by 64,386,275.79 RMB, a growth of 21.09% due to borrowing of working capital from banks[17] - The company’s net cash flow from financing activities increased by 397,164,451.84 RMB, a growth of 209.35%, primarily due to bank borrowings[18] - The company’s financial expenses decreased by 41.33%, amounting to 2,506,689.40 RMB, due to reduced borrowing interest[18] - The company’s net cash and cash equivalents increased by 64,386,275.79 RMB, a 139.31% rise, reflecting the impact of bank borrowings[18] Revenue and Costs - Operating revenue reached 592,015,551.29 RMB, up 27.29% compared to the previous period, primarily driven by increased sales from comprehensive trade activities[17] - The company reported a 71.08% increase in operating costs, totaling 328,525,517.57 RMB, due to higher purchases related to comprehensive trade[17] - Accounts receivable rose by 62,133,305.21 RMB, a significant increase of 98.43%, attributed to concentrated product sales settlements at the end of the reporting period[17] - The company’s inventory increased by 19,253,478.24 RMB, an 80.15% rise, indicating unsold products at the end of the reporting period[17] Acquisition and Investment Plans - The company is in the process of acquiring 100% equity of Baoji Tongyu Mining Co., Ltd. for a preliminary price of 58 million RMB, with 30 million RMB already paid as a deposit[20] - The company plans to raise 1.2 billion RMB through a non-public offering of 239,520,958 shares at a price of 5.01 RMB per share to supplement working capital[22] - The company has decided to abandon the acquisition of Huangtai Mining assets due to unclear ore reserves and difficulties in achieving ideal mining prospects[24] - The company intends to acquire a 70% stake in Longbahhe Copper Mine, with a maximum investment of 200 million RMB, but further exploration is required due to discrepancies with initial expectations[26] - The acquisition of Hongyuan Mining by the controlling shareholder is facing delays due to non-compliance with transfer conditions, and the company is in discussions with local authorities for next steps[27] Commitments and Compliance - The company has committed to a net profit of no less than 28 million RMB for the first accounting year post-restructuring and 32 million RMB for the second year[30] - The company has committed to ensuring that the performance commitments made by the controlling shareholder are fulfilled during the commitment period[30] - The company has committed to not transfer or request the repurchase of shares from the non-public offering for 36 months after approval by the China Securities Regulatory Commission[32] - The company is ensuring compliance with the lock-up period for shares acquired through the non-public offering, with no violations reported as of the report date[32] - The commitment to maintain independence in operations, assets, finance, personnel, and institutions with respect to the controlling shareholder is ongoing[33] - The company has committed to resolving obstacles related to the injection of lead-zinc segment enterprises into the listed company within one year after the completion of the restructuring and resumption of listing[34] Asset Management and Valuation - The asset valuation using the asset-based method was RMB 2,169.39 million, while using a 25% tax rate, the valuation would be RMB 1,986.96 million, resulting in a difference of RMB 182.43 million[33] - The company's share issuance price was set at RMB 2.95 per share, corresponding to 61,839,932 shares due to the valuation difference[33] - The company is utilizing both asset-based and income methods for asset evaluation in the transaction[33] Regulatory and Operational Updates - The company has received a notice from the China Securities Regulatory Commission regarding the acceptance of its administrative license application[29] - The company has announced the termination of its 2013 non-public stock issuance plan[28] - The company is actively pursuing the acquisition of Baoding Tongyu Mining Company, with the announcement made on July 15, 2014[28] - The company has completed the review work for Zhongdu Mining and submitted relevant materials to the Anhui Provincial Department of Land and Resources, although the timeline has been delayed[25] - The company has reported that Bohai Mining's current mine reserves can only be mined for 2-3 years, with ongoing exploration efforts[34] Business Operations - The company has not engaged in any securities investments during the reporting period, nor does it hold shares in other listed companies[37] - There were no derivative investments made by the company during the reporting period[38] - The company did not conduct any research, communication, or interview activities during the reporting period[39]

Financial Performance - The company achieved operating revenue of CNY 355,330,807.66, an increase of 14.84% compared to the same period last year[21]. - The net profit attributable to shareholders decreased by 26.68% to CNY 94,109,317.92[21]. - The basic earnings per share decreased by 26.75% to CNY 0.0827[21]. - The weighted average return on net assets was 9.24%, down from 16.79% in the previous year[21]. - Operating costs increased significantly by 69.82% to ¥211,556,055.51, primarily due to comprehensive trade purchases conducted by the headquarters during the reporting period[25]. - Operating profit decreased to CNY 112,179,784.79, down 27.00% from CNY 153,516,290.11 year-on-year[112]. - Net profit for the period was CNY 94,109,317.92, a decline of 26.67% compared to CNY 128,357,497.43 in the previous year[114]. Cash Flow and Liquidity - The net cash flow from operating activities fell by 133.81% to CNY -18,683,223.21, primarily due to an increase in accounts receivable and prepayments[21]. - The net cash flow from financing activities surged to ¥228,173,900.00, a remarkable increase of 3,436.08% compared to -¥6,839,581.95 in the previous year, driven by bank borrowings[25]. - Cash flow from operating activities showed a net outflow of CNY 18,683,223.21, compared to a net inflow of CNY 55,256,198.40 in the previous year[118]. - The cash and cash equivalents at the end of the period increased to 186,213,831.26 yuan, compared to 582,503.58 yuan at the end of the previous period, reflecting improved liquidity[121]. Assets and Liabilities - Total assets increased by 26.46% to CNY 1,446,147,394.11, driven by increased bank borrowings and net profit[21]. - The total liabilities rose to CNY 379,660,641.63 from CNY 172,380,100.73, which is an increase of about 120.2%[107]. - Current assets rose to CNY 769,658,299.27 from CNY 540,134,858.19, indicating an increase of about 42.5%[105]. - The company's equity attributable to shareholders increased to CNY 1,066,486,752.48 from CNY 971,173,152.85, showing a growth of approximately 9.8%[107]. Strategic Plans and Commitments - The company plans to develop acquisition and refinancing strategies to promote stable operations and a positive cycle[24]. - The company will focus on energy conservation, cost reduction, and technological innovation to improve economic efficiency[24]. - The company is actively seeking new resource development projects to expand its mineral resource reserves and ensure sustainable development[27]. - The company has committed to achieving a net profit of no less than RMB 277.52 million for 2013, RMB 329.87 million for 2014, and RMB 330.68 million for 2015[77]. Shareholder and Equity Information - The largest shareholder, Gansu Jianxin Industrial Group Co., Ltd., held 40.99% of the shares, totaling 466,139,241 shares, with an increase of 1,800,000 shares during the reporting period[92]. - The company did not experience any changes in its controlling shareholder or actual controller during the reporting period[94]. - The total number of shares before the change was 1,137,299,314, with 77.79% being restricted shares, which decreased to 73.97% after a reduction of 43,495,655 shares[90]. Compliance and Governance - The company has confirmed that there are no risks of delisting due to legal violations during the reporting period[82]. - The company reported no penalties or rectification measures during the reporting period, indicating a stable compliance status[81]. - The company has made a commitment to avoid related party transactions and has established mechanisms to ensure compliance with this commitment[80]. Financial Reporting and Accounting - The company’s financial statements for the first half of 2014 reflect compliance with accounting standards and accurately represent financial status and cash flows[137]. - The company follows the accrual basis of accounting and measures assets at historical cost, with impairment provisions made as necessary[136]. - The company’s financial reports are prepared based on the assumption of ongoing operations, adhering to the relevant accounting standards and disclosure requirements[136].

Financial Performance - The company's operating revenue for Q1 2014 was ¥93,752,076.24, representing a 3.11% increase compared to ¥90,924,370.02 in the same period last year[9] - Net profit attributable to shareholders was ¥26,582,034.14, a slight increase of 0.30% from ¥26,503,729.40 year-on-year[9] - The net profit after deducting non-recurring gains and losses surged by 79.17% to ¥26,642,940.05 from ¥14,869,816.38 in the previous year[9] - Basic and diluted earnings per share were both ¥0.0234, reflecting a 0.43% increase from ¥0.0233[9] - The weighted average return on equity decreased to 2.7002% from 3.7232% year-on-year, a decline of 1.02 percentage points[9] Cash Flow and Assets - The net cash flow from operating activities decreased by 42.88% to ¥30,023,498.19, down from ¥52,564,366.53 in the same period last year[9] - Total assets at the end of the reporting period were ¥1,123,541,513.27, down 1.75% from ¥1,143,553,253.58 at the end of the previous year[9] - Net assets attributable to shareholders increased by 2.93% to ¥999,635,175.56 from ¥971,173,152.85 at the end of the previous year[9] - The decrease in net cash flow from operating activities was attributed to the absence of significant unit transaction receipts and payments during the period[9] Receivables and Payables - The company’s accounts receivable decreased by 73.78% to ¥12,000,000 from ¥45,763,930.21 due to bill discounting and payment of goods[17] - Prepayments increased by 56.06% to ¥49,522,807.30, primarily due to increased equipment procurement and engineering prepayments for the new selection plant[17] - Other receivables surged by 169.94% to ¥10,329,967.32, mainly from government loan payments and accrued interest[17] - Inventory rose by 42.20% to ¥34,161,015.08, indicating an increase in stock levels compared to the beginning of the period[17] - Accounts payable decreased by 38.66% to ¥59,927,724.93, attributed to payments for settled engineering costs and labor fees[17] - Tax payable dropped by 79.45% to ¥3,354,410.60, due to the payment of taxes accrued at the end of the previous year[17] Financial Commitments and Plans - The company plans to inject assets from its controlling shareholder, Gansu Jianxin Industrial Group, into the listed company after completing relevant procedures, expected in 2014[18] - The company committed to a net profit of no less than 280 million yuan for the first accounting year following the completion of the major asset restructuring[21] - For the second accounting year post-restructuring, the company pledged a net profit of at least 320 million yuan[21] - If the company's net profit falls below 280 million yuan in the first year or below 320 million yuan in the second year, an additional payment of 20 million shares will be made to shareholders[21] - The company has a lock-up commitment for 104 million shares for 36 months post the implementation of the equity division reform[23] - The company guarantees that shares acquired through non-public issuance will not be transferred for 36 months after approval by the regulatory authority[23] - The company will not sell more than 5% of its total shares within the first 12 months post-reform and not exceed 10% within the subsequent 24 months[23] - The commitments made by the company are currently valid and being fulfilled without any breaches[21][23] Asset Valuation and Compliance - The asset valuation for the transaction was assessed at RMB 2.169 billion using the asset-based method and the income method, with a 15% corporate income tax rate applied[25] - If the corporate income tax rate is adjusted to 25%, the asset valuation would decrease to RMB 1.987 billion, resulting in a difference of RMB 182.43 million[25] - The company's share issuance price was set at RMB 2.95 per share, corresponding to 61,839,932 shares affected by the valuation difference[25] - The company is committed to maintaining independence in business, assets, finance, personnel, and institutions with its controlling shareholder[25] - The company plans to ensure compliance with relevant laws and regulations following the completion of the non-public share issuance[25] Future Business Development - The company plans to inject five lead-zinc segment enterprises into the listed company after the completion of the restructuring and resumption of listing, with a commitment to do so within one year after exploration yields rich reserves[26] - The company has committed to inject Gansu Xinzhou Mining Co., Ltd. into the listed company within one year after the completion of the restructuring and resumption of listing[28] - The company has undertaken to ensure that any losses resulting from violations of commitments will be compensated, particularly regarding the acquisition of Huixian Hongyuan Mining Co., Ltd. by the parent company before 2016[28] - The company has confirmed that the actual conditions of Dongshengmiao Mining and its subsidiary Jinpeng Mining comply with the current lead-zinc industry access conditions[30] - The company is exploring opportunities for future business development and will receive necessary support from its controlling shareholder[26] Related Party Transactions and Governance - The company has established operational principles for related party transactions to avoid conflicts of interest[28] - The company will not develop any competing businesses during the period when the parent company holds a controlling stake[26] - The company has committed to avoid significant increases in related party transactions following the injection of the trading platform into the listed company[26] - The company has no derivative investments as of the end of the reporting period[32] - The company adhered to the Shenzhen Stock Exchange's guidelines for fair information disclosure, ensuring no selective disclosure of significant information occurred during the reporting period[33] - There were no research, communication, or interview activities conducted during the reporting period, aside from regular phone communications and investor interactions[33]

Financial Performance - The company reported a net loss of -607,352,158.86 RMB as of December 31, 2013, after compensating for a loss of 282,250,999.87 RMB during the year[14]. - The company achieved operating revenue of CNY 669,689,204.12 in 2013, representing a year-on-year increase of 4.90% compared to CNY 638,377,059.66 in 2012[26]. - The net profit attributable to shareholders was CNY 282,250,999.87, a significant turnaround from a loss of CNY 18,890,248.18 in the previous year, marking a year-on-year increase of 21.48%[26]. - The net profit after deducting non-recurring gains and losses surged by 1470.85% year-on-year, reaching CNY 268,139,684.65, compared to a loss in the previous year[28]. - The company reported a net cash flow from operating activities of CNY 215,699,765.74, an increase of 62.52% from CNY 132,723,340.77 in 2012[36]. - The total assets at the end of 2013 amounted to CNY 1,143,553,253.58, reflecting a year-on-year growth of 5.93%[27]. - The weighted average return on equity was 33.81%, indicating a solid performance compared to the previous year[27]. - The company reported a net profit of CNY 292.56 million for the year 2013, with a total operating income of CNY 669.69 million[54]. - The company achieved a 2013 annual performance forecast of CNY 27,752.22 million, surpassing the actual performance of CNY 29,256.07 million, indicating a successful outcome[114]. Asset Restructuring - The company completed a major asset restructuring on January 31, 2013, inheriting the previous company's unfulfilled losses of -889,603,158.73 RMB[14]. - The company successfully resumed trading on April 26, 2013, after a significant asset restructuring, eliminating the risk of delisting[33]. - The company completed a major asset restructuring, acquiring 100% of Dongshengmiao Mining Co., which resulted in a net profit of RMB 29,256.07 million from the acquired assets by the end of the reporting period[89]. - The company completed a major asset restructuring in January 2013, transitioning its main business to lead and zinc mining and related product production[116]. - The company completed a major asset restructuring, increasing total shares from 401,913,108 to 1,137,299,314 shares, significantly enhancing its asset scale[126]. - The company’s major asset restructuring plan was approved by the China Securities Regulatory Commission in January 2013, allowing the company to resume trading on April 26, 2013, after a six-year suspension[76]. Business Operations - The company’s main business was changed to the mining and sales of non-ferrous metals such as lead and zinc after the restructuring in 2013[23]. - The main business revenue from non-ferrous metal mining and trading was CNY 595,805,185.12, up 4.48% from CNY 570,251,517.10 in 2012[36]. - The company plans to achieve a production scale exceeding 1 million tons, integrating production, sales, and transportation for competitive advantages[50]. - The company plans to acquire and integrate lead-zinc mining enterprises under the controlling shareholder Jianxin Group to enhance resource holdings and production scale[49]. - The company plans to invest RMB 19,617.98 million in the expansion project for Dongshengmiao Mining Co., which has a capacity of 500,000 tons per year[90]. - The company’s main business has shifted to the mining and sales of non-ferrous metals such as lead and zinc, as well as the production and sales of downstream sulfuric acid[89]. Dividend Policy - The company does not plan to distribute cash dividends or issue bonus shares for the year[12]. - The company has not implemented cash dividends for the past three years due to lack of profit distribution conditions, maintaining a 0% dividend payout ratio[74]. - The company has established a cash dividend policy that prioritizes cash dividends in profit distribution, enhancing transparency and protecting investor rights[73]. Environmental and Social Responsibility - The company’s environmental protection measures have been effective, with all major pollutants meeting regulatory standards and zero environmental incidents reported during the reporting period[76]. - The company has implemented various environmental facilities, including wastewater treatment and dust control systems, which are operating normally and are well-maintained[77]. - The company has been recognized for its commitment to social welfare, receiving the "Outstanding Contribution Award" from the China Charity Federation in 2009[138]. Governance and Compliance - The company strictly adhered to information disclosure regulations, ensuring timely and accurate reporting of significant related transactions[173]. - The audit committee held six meetings during the reporting period, reviewing the company's 2013 accounting policies and financial reports to ensure accuracy and completeness[183]. - The company established an independent financial department with a separate accounting system and bank accounts, ensuring no interference from the controlling shareholder[195]. - The company has not experienced any significant legal or regulatory issues involving its directors, supervisors, or major shareholders during the reporting period[118]. - No related party transactions were found to be unfair or detrimental to minority shareholders during the reporting period[170]. Future Commitments and Plans - The company committed to achieving a net profit of no less than RMB 27,752.22 million in 2013, RMB 32,986.51 million in 2014, and RMB 33,067.93 million in 2015[109]. - The company plans to raise funds through a non-public offering of 18 million shares to acquire 100% equity of Zhongdu Mining, with an estimated investment of RMB 10,000 million for the acquisition[90]. - The company will ensure that no actions are taken that would harm the interests of minority shareholders[110]. - The company is currently fulfilling its performance commitments without any violations as per the 2013 audit report results[107].

Financial Performance - In 2013, the company's operating revenue was CNY 669,689,204.12, representing a 4.90% increase compared to CNY 638,377,059.66 in 2012[23] - The net profit attributable to shareholders was CNY 282,250,999.87, which is a 21.48% increase from CNY 232,339,154.52 in the previous year[23] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 268,139,684.65, showing a significant increase of 1470.85% compared to the previous year[23] - The net cash flow from operating activities was CNY 215,699,765.74, a 62.52% increase from CNY 132,723,340.77 in 2012[23] - Basic earnings per share increased to CNY 0.2482, up 21.49% from CNY 0.2043 in the previous year[23] - The company achieved a net profit of 282.2 million yuan for the year 2013, with a significant increase of 1470.85% in net profit attributable to shareholders after excluding non-recurring gains and losses compared to the previous year[26] - Total assets at the end of 2013 amounted to 1,143.55 million yuan, reflecting a 5.93% increase from the previous year[25] - The weighted average return on equity was 33.81%, up from 28.52% in the previous year[25] - Sales revenue for 2013 reached 669.69 million yuan, representing a 4.90% increase compared to 638.38 million yuan in 2012[32] Asset Restructuring - The company completed a major asset restructuring in January 2013, shifting its main business focus to the mining and sales of non-ferrous metals such as lead and zinc[19] - The company’s major asset restructuring involved acquiring 100% equity of Dongshengmiao Mining[19] - The company successfully completed a major asset restructuring, which contributed a net profit of 292.56 million yuan from the newly consolidated East Shengmiao Mining Company[35] - The company completed the issuance of shares to acquire 100% equity of Dongshengmiao Mining in January 2013[86] - The company completed the acquisition of Dongshengmiao Mining Company, increasing its registered capital from CNY 401,913,108 to CNY 1,137,299,314[87] - The major asset restructuring improved the company's financial condition, achieving a cumulative net profit of CNY 292.56 million from the acquired assets by the end of the reporting period[88] - The company completed an asset acquisition from Jianxin Group, purchasing the equity of Dongshengmiao Mining for a transfer price of 14,335.47 million CNY, with an assessed value of 106,300.08 million CNY[102] Future Plans and Commitments - The company plans not to distribute cash dividends or issue bonus shares for the year[6] - The company has not made any substantial commitments regarding future plans, advising investors to be aware of investment risks[6] - The company plans to achieve operating revenue of no less than CNY 2 billion and a profit of CNY 335 million in 2014, with plans to mine 860,000 tons of lead-zinc ore and 230,000 tons of copper ore[59] - The company has plans to acquire and integrate lead-zinc mining enterprises under its controlling shareholder to increase resource holdings and production scale[47] - The company committed to a net profit of no less than 280 million yuan for the first accounting year after the major asset restructuring, and 320 million yuan for the second accounting year[107] Market Conditions and Risks - The average price of copper decreased by 6.6%, lead by 7.28%, and zinc by 0.7% in 2013 compared to the previous year, impacting overall market conditions[31] - The company faces risks related to product price fluctuations and market demand, and plans to mitigate these through resource reserve enhancement and vertical integration[62] - The lead-zinc industry in China is expected to maintain a consumption level that supports stable prices, with domestic production meeting only 60-70% of smelting capacity[57] Governance and Compliance - The company is under the continuous supervision of CITIC Securities Co., Ltd. as its sponsor from 2013 to 2016[21] - The company has maintained independence in operations and governance, with no violations reported regarding the control of the major shareholder[168] - The company strictly adhered to the insider information registration management system, with no violations reported among directors and senior management[174] - The company ensured compliance with information disclosure obligations, providing timely announcements of major related transactions[171] - The independent directors did not raise any objections to company matters during the reporting period[180] Related Party Transactions - The company is addressing related party transactions by ensuring that sales of lead concentrate to related parties are priced at market rates, with sales amounting to CNY 10.47 million[100] - The company maintains that related party transactions are conducted at market prices, ensuring fairness and transparency, without harming the interests of minority shareholders[101] - The company has no significant related party transactions involving asset sales during the reporting period, focusing instead on asset acquisitions[102] Employee and Management Structure - The company had a total of 726 employees as of December 31, 2013, with 63% being production personnel[154] - The total remuneration for directors, supervisors, and senior management in 2013 amounted to CNY 26.53847 million[149] - The management team remains stable, with no changes in shareholdings for all listed executives during the reporting period[139] - The company has a diverse management team with extensive experience in mining and finance, enhancing its operational capabilities[141] Environmental Compliance - During the reporting period, the company maintained compliance with environmental pollution control indicators, with all major pollutants meeting regulatory standards[74] - The company has implemented a wastewater self-monitoring system, achieving zero discharge of mining wastewater throughout 2013[74]