证券代码：000737 证券简称：北方铜业 公告编号：2023-20 北方铜业股份有限公司 关于参加山西辖区上市公司 2023 年投资者网上集体接待日活动的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 为进一步加强与投资者的互动交流，北方铜业股份有限公司（以下简称公司）将 参加由中国证券监督管理委员会山西监管局、山西省上市公司协会与深圳市全景网络 有限公司联合举办的"2023 年山西辖区上市公司投资者集体接待日活动"，现将相关 事项公告如下： 一、活动时间 2023 年 5 月 11 日（周四） 15:00-17:00 二、活动方式 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站 （http://rs.p5w.net），或关注微信公众号：全景财经，或下载全景路演 APP,参与 本次互动交流。 三、公司出席本次活动人员 公司董事会秘书杨云涛先生、财务总监薛永红先生、证券事务代表马雪丽女士将 在线就公司 2022 年度业绩、2023 年一季度报告、公司治理、发展战略、经营状况和 可持续发展等投资者关心的问题，与投资者进行沟通与交流，欢迎广大 ...

Financial Performance - The cash received from sales of goods and services was ¥2,495,270,452.24, a decrease of 29.05% compared to ¥3,518,148,737.34 in the previous period[1] - Total revenue for the first quarter was CNY 2,589,843,692.51, a decrease of 18.1% compared to CNY 3,167,093,173.36 in the previous period[29] - Operating profit for the first quarter was CNY 274,129,823.12, compared to CNY 350,566,680.05 in the previous period, indicating a decline of 21.7%[29] - The net profit attributable to shareholders of the listed company was ¥205,476,155.03, down 23.36% year-on-year[34] - Basic earnings per share decreased to ¥0.1159, down 23.40% from ¥0.1513 in the same quarter last year[34] Cash Flow - The net cash flow from operating activities was ¥135,420,225.41, down 82.93% from ¥793,357,441.94, mainly due to lower cash receipts from sales[12] - The net cash flow from operating activities was $135,420,225.41, a decrease of 83.0% compared to $793,357,441.94 in the previous period[41] - Cash inflow from investment activities totaled $34,754,188.92, while cash outflow was $187,109,212.75, resulting in a net cash flow of -$152,355,023.83[41] - The net cash flow from financing activities was $751,797,856.45, a significant improvement compared to -$579,672,617.15 in the previous period[43] - The company received $95,507,105.96 in cash related to operating activities, an increase from $46,460,357.76 in the previous period[41] Assets and Liabilities - Total assets at the end of the reporting period were ¥9,579,427,884.76, an increase of 12.80% compared to the end of the previous year[37] - Total liabilities increased to CNY 5,051,306,034.28 from CNY 4,186,122,737.95, a growth of 20.7%[26] - Non-current liabilities rose to CNY 3,297,949,140.67 from CNY 2,516,459,581.32, indicating a rise of 30.9%[26] - Total equity increased to CNY 4,528,121,850.48 from CNY 4,306,076,450.07, reflecting a growth of 5.1%[26] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 41,353, with the largest shareholder holding 46.83% of the shares[13] - The company plans to increase its stock buyback, with 11 directors and senior management committing to purchase shares worth no less than ¥1.4 million[17] Financing Activities - Long-term borrowings increased by 33.73% to ¥3,113,899,812.21 from ¥2,328,559,495.48, indicating a rise in financing needs for operational requirements[11] - Short-term borrowings rose to CNY 420,920,800.00 from CNY 180,446,614.50, an increase of 133.4%[26] - The company reported a cash inflow from borrowing of $985,340,316.73, an increase from $758,059,794.72 in the previous period[41] Government Support - The company received government subsidies amounting to ¥311,660.52, a 221.38% increase compared to the previous period[12] Other Financial Metrics - The weighted average return on net assets was 4.65%, down from 6.84% in the previous year[34] - The company recognized non-recurring gains and losses totaling ¥175,699.62 during the reporting period[38] - The company did not report any adjustments or restatements of previous years' accounting data[34]

Financial Performance - The company reported a significant increase in revenue, reaching RMB 10 billion, representing a growth of 15% year-over-year[14]. - The net profit for the year was RMB 1.5 billion, which is a 20% increase compared to the previous year[14]. - The company's operating revenue for 2022 was ¥10,679,852,085, representing a year-on-year increase of 7.18% compared to ¥9,964,580,514 in 2021[21]. - The net profit attributable to shareholders for 2022 was ¥610,033,440.32, a decrease of 27.09% from ¥837,929,378.31 in 2021[22]. - The net profit after deducting non-recurring gains and losses was ¥615,066,668.38, showing a significant increase of 1,064.12% compared to ¥52,835,152.09 in 2021[22]. - The cash flow from operating activities for 2022 was ¥2,128,189,246, which is a 206.84% increase from ¥693,593,537.74 in 2021[22]. - The company reported a basic earnings per share of ¥0.3442 for 2022, down 30.42% from ¥0.4954 in 2021[22]. - The company reported a total revenue of 3.3 billion in 2022, with a year-on-year increase of 0%[122]. - The company reported a total revenue of 10 billion CNY for the year 2022, representing a year-on-year increase of 15%[192]. - The net profit attributable to shareholders was 1.5 billion CNY, up 20% compared to the previous year[192]. User Growth and Market Expansion - User data showed an increase in active users by 25%, totaling 5 million active users by the end of 2022[14]. - The company plans to expand its market presence in Southeast Asia, targeting a 30% market share by 2025[14]. - The company plans to expand its market presence by entering three new regions, aiming for a market share increase of 5% in these areas[194]. Product Development and Innovation - New product development includes the launch of a copper alloy product line, expected to generate an additional RMB 500 million in revenue annually[14]. - Research and development expenses increased by 10% to 500 million CNY, focusing on innovative technologies[192]. - The company plans to achieve an annual production of 50,000 tons of high-performance copper foil and 2 million square meters of copper-clad laminate through new material research[62]. - The company is developing a 5G+ smart mining management system aimed at improving automation and data transmission reliability in mining operations[62]. Strategic Acquisitions - A strategic acquisition of a smaller mining company is in progress, which is expected to enhance resource availability and operational capacity[14]. - The company acquired Shanxi Beikong New Materials Technology Co., extending its industrial chain into deep processing of copper[35]. - A strategic acquisition of a competitor is anticipated to enhance market competitiveness and is projected to add 1 billion CNY in revenue[192]. Sustainability and Environmental Commitment - The company emphasizes its commitment to sustainability and plans to implement eco-friendly practices in its operations[14]. - The management emphasized a commitment to sustainability, with plans to invest 200 million CNY in green technologies by 2024[192]. - The company has implemented a comprehensive environmental management system to monitor and control emissions effectively[160]. - The company plans to enhance its emission control technologies to further reduce pollutants in the future[160]. Operational Efficiency and Cost Management - Future guidance indicates a projected revenue growth of 10% for 2023, with a focus on operational efficiency[14]. - The company aims to reduce operational costs by 5% through efficiency improvements in the next fiscal year[192]. - The gross profit margin improved to 30%, up from 28% in the previous year, indicating better cost management[194]. Financial Guidance and Projections - Future guidance includes a focus on sustainability initiatives, with a commitment to reduce carbon emissions by 25% over the next five years[194]. - The company has set a performance guidance of 12 billion CNY in revenue for 2023, indicating a growth target of 20%[192]. - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 12% to 15%[194]. Corporate Governance and Compliance - The company adheres to legal regulations and has improved its governance structure, ensuring compliance with corporate governance standards[105]. - The company has established a clear and transparent information disclosure policy, ensuring all shareholders have equal access to information[112]. - The company has a dedicated investor relations management system, ensuring effective communication with investors through various channels[113]. Risk Management - The company faces market volatility risks due to fluctuating prices of copper, gold, silver, and sulfur, which are influenced by macroeconomic conditions[100]. - The company is exposed to exchange rate risks as a significant portion of its raw materials is imported and priced in USD, which could impact profitability[101]. - The company has implemented risk control measures to manage price fluctuation risks associated with commodity futures[80]. Employee Management and Development - The total number of employees at the end of the reporting period is 5,929, with 4,453 in production, 80 in sales, and 462 in technical roles[143]. - The company has established a comprehensive training system for employees, enhancing skills and promoting career development[145]. - The company has implemented a performance-based salary system, adjusting employee compensation based on performance evaluations and company profitability[144]. Environmental Compliance and Emissions - The company strictly adhered to environmental protection standards, achieving stable compliance in pollutant emissions[157]. - The company reported a total emission of 22.12 tons of nitrogen oxides, which is below the regulatory limit of 24.15 tons[159]. - The company achieved a nitrogen oxide concentration of 12.08 mg/m3, which is compliant with the local emission standards[159]. - The company has achieved a 100% recycling rate for industrial wastewater, ensuring no external discharge[185].

证券代码： 000737 证券简称：ST 南风 南风化工集团股份有限公司投资者关系活动记录表 编号：2021-01 | --- | --- | --- | --- | |-----------------------|--------------------------------|--------------------------------------------------------------|----------------------------------| | | | | | | 投资者关系活动类 | 特定对象调研 | 分析师会议 | | | 别 | □媒体采访 □业绩说明会 | | | | | □新闻发布会 □路演活动 | | | | | □现场参观 | | | | | □其他 （机构调研） | | | | 参与单位名称及人 | 天风证券：孙亮、田庆争 | | | | 员姓名 | | | | | 时间 | 2021 年 2 月 1 日 | | | | 地点 | 电话会议 | | | | | | | | | 上市公司接待人员 姓名 | | 董事会秘书高翔林，北方铜业姜卫东、丁宏 | | | ...

编号：2022-03 □特定对象调研 ■分析师会议 □媒体采访 □业绩说明会 投资者关系活动 类别 □新闻发布会 □路演活动 □现场参观 □其他 会议由中国国际金融股份有限公司首席分析师齐丁组织，具 体参会名单详见附件。 参与单位名称及 人员姓名 证券代码：000737 证券简称：北方铜业 北方铜业股份有限公司 投资者关系活动记录表 | --- | --- | |----------------|----------------------------------------------------------------------------------------| | 时 间 | 2022年10月13 日15： 00—16：00 | | | 地 点 公司总部会议室 | | 形 式 | 电话会议 | | 上市公司参加人 | 总经理姜卫东、副总经理丁宏、财务总监薛永红、董事会秘 | | 员姓名 | 书杨云涛、技术中心副主任张剑兵、北铜新材公司技术负责 人李荣平 | | | 本次电话会议主要就以下问题进行了交流： | | | 1. 中条山集团对北方铜业的战略定位，以及未来集团层面 对上市公司层面的资本运作规 ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥2,330,082,800.35, a decrease of 9.78% compared to the same period last year[8]. - Net profit attributable to shareholders for Q3 2022 was ¥56,292,297.59, down 61.67% year-on-year[8]. - The net profit after deducting non-recurring gains and losses was ¥56,988,958.39, an increase of 822.44% compared to the same period last year[8]. - The company reported a net profit increased by 392.80% to ¥727,166,663.69 compared to the same period last year, primarily due to increased profitability[15]. - Net profit for the quarter was ¥579,607,941.68, a decrease of 13.14% from ¥667,019,234.35 in the previous year[34]. - The total comprehensive income for the period was approximately CNY 579.61 million, a decrease from CNY 669.70 million in the previous period, representing a decline of about 13.5%[38]. - Basic and diluted earnings per share were both CNY 0.3270, down from CNY 0.3945 in the previous period, indicating a decrease of approximately 17%[38]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥1,325,473,189.51, an increase of 353.82% year-on-year[8]. - Operating cash flow net amount reached ¥1,325,473,189.51, a significant increase of 353.82% year-on-year, driven by reduced product inventory and increased sales collections[15]. - Cash flow from operating activities generated a net amount of CNY 1.33 billion, significantly up from CNY 292.07 million in the previous period, marking an increase of over 355%[39]. - Cash inflow from operating activities totaled CNY 9.46 billion, compared to CNY 8.63 billion in the previous period, reflecting an increase of about 9.6%[39]. - Cash outflow from operating activities was CNY 8.13 billion, slightly down from CNY 8.33 billion in the previous period, showing a decrease of approximately 2.4%[39]. - The company's cash flow from investment activities was negative at ¥-191,464,669.85, a decrease of 253.11% year-on-year due to cash impacts from investment recoveries and subsidiary disposals in the previous year[15]. - Cash flow from investing activities resulted in a net outflow of CNY 191.46 million, compared to a net inflow of CNY 125.05 million in the previous period[42]. - Cash flow from financing activities showed a net outflow of CNY 940.64 million, an improvement from a net outflow of CNY 1.38 billion in the previous period[42]. - The ending balance of cash and cash equivalents was CNY 841.64 million, up from CNY 522.52 million in the previous period, indicating an increase of approximately 60.9%[42]. - The company received CNY 2.25 billion in cash from borrowings, an increase from CNY 2.02 billion in the previous period, representing a growth of about 11.2%[42]. - The company reported a cash inflow of CNY 3.44 million from tax refunds, compared to CNY 1.67 million in the previous period, reflecting an increase of approximately 106.4%[39]. Assets and Liabilities - The company's total assets at the end of the reporting period were ¥8,299,826,018.49, a decrease of 1.30% from the end of the previous year[8]. - The company's total assets decreased to ¥8,191,648,355.97 from ¥8,299,826,018.49, a decline of 1.30%[31]. - Total liabilities decreased to ¥3,856,173,803.04 from ¥4,504,397,562.79, representing a reduction of 14.36%[31]. - The equity attributable to shareholders increased to ¥4,335,474,552.93 from ¥3,795,428,455.70, marking an increase of 14.25%[31]. Borrowings and Debt - The company's short-term borrowings decreased by 91.23% to ¥70,810,207.42 as a result of repaying bank loans[12]. - Long-term borrowings rose by 55.06% to ¥1,931,600,000.00, reflecting an optimization of the debt structure[15]. - Long-term borrowings rose to ¥1,931,600,000.00 from ¥1,245,700,000.00, an increase of 55.00%[31]. Expenses - Sales expenses decreased by 78.27% to ¥25,151,396.50, mainly due to the divestment of the chemical business[15]. - The company reported a 31.34% reduction in financial expenses to ¥107,969,362.50, attributed to the divestment of the chemical business[15]. - Research and development expenses for the quarter were ¥1,161,973.52, significantly lower than ¥4,463,068.79 in the same period last year, indicating a decrease of 74.00%[32]. - The company reported a decrease in sales expenses to ¥25,151,396.50 from ¥115,739,134.95, a reduction of 78.32% year-over-year[32]. Other Financial Metrics - Contract liabilities increased by 504.23% to ¥59,162,189.57, indicating a rise in customer prepayments[12]. - Deferred income increased by 48.84% to ¥7,043,721.76, mainly due to an increase in government grants[15]. - The company received government subsidies amounting to ¥66,627.47 during the reporting period[11]. - The total number of ordinary shareholders at the end of the reporting period was 36,786[16]. - The largest shareholder, Zhongtiaoshan Nonferrous Metals Group Co., Ltd., holds 46.83% of the shares, totaling 829,972,894 shares[16]. - Deferred tax assets increased to ¥37,674,661.97 from ¥20,700,365.71, reflecting an increase of 81.92%[30]. Future Outlook - The company plans to continue focusing on market opportunities and optimizing its product offerings to enhance profitability in the future[15].

证券代码：000737 证券简称：北方铜业 公告编号：2022-45 北方铜业（山西）股份有限公司 关于参加山西辖区上市公司 2022 年 投资者网上集体接待日活动的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 为加强与广大投资者的沟通交流，便于广大投资者更深入全面地了解公司治 理、发展战略、经营状况和可持续发展等投资者关注的问题，北方铜业（山西） 股份有限公司定于2022年6月23日（周四）15:00-16：30参加在全景网举办的"真 诚沟通 传递价值"山西辖区上市公司2022年投资者网上集体接待日暨年报业绩 说明会活动，本次活动将采用网络远程的方式举行，投资者可登录"全景•路演" （http://rs.p5w.net）参与本次互动交流。 出席本次网上集体接待日活动的人员有：公司董事长魏迎辉先生、财务总监 薛永红先生、董事会秘书杨云涛先生（如有特殊情况，参会人员将可能进行调整）， 欢迎广大投资者积极参与。 特此公告。 北方铜业（山西）股份有限公司董事会 2022 年 6 月 21 日 ...

Financial Performance - The company's operating revenue for Q1 2022 was ¥3,167,068,359.21, representing a 37.30% increase compared to ¥2,306,669,880.21 in the same period last year[5] - Net profit attributable to shareholders for Q1 2022 was ¥268,331,285.55, an 18.71% increase from ¥226,045,318.21 after adjustments[5] - The basic earnings per share for Q1 2022 was ¥0.1514, up 13.24% from ¥0.1337 after adjustments[5] - Total operating revenue for the current period reached ¥3,167,068,359.21, a significant increase from ¥2,306,669,880.21 in the previous period, representing a growth of approximately 37.3%[27] - Net profit attributable to the parent company was ¥268,331,285.55, compared to ¥226,038,877.82 in the prior period, reflecting a growth of approximately 18.7%[33] - Total comprehensive income for the period was ¥268,331,285.55, compared to ¥224,307,727.82 in the previous period, indicating an increase of approximately 19.6%[33] Cash Flow - The net cash flow from operating activities reached ¥793,649,420.74, a significant increase of 2,195.90% compared to -¥37,866,735.32 in the previous year[5] - Cash generated from operating activities was ¥3,518,132,337.34, compared to ¥2,505,931,701.88 in the prior period, showing an increase of approximately 40.4%[33] - Total cash inflow from operating activities amounted to 3,564,587,637.26, up from 2,696,535,631.57[36] - Cash outflow from operating activities totaled 2,770,938,216.52, slightly increased from 2,734,402,366.89[36] - The net cash flow from investing activities was -66,670,548.15, a decline from 212,584,439.69 in the previous period[39] - Cash inflow from financing activities was 733,583,479.39, down from 1,550,062,852.27[39] - Cash outflow from financing activities reached 1,350,889,236.96, compared to 2,158,698,352.28 previously[39] - The net increase in cash and cash equivalents was 109,612,110.24, contrasting with a decrease of -431,171,337.98 in the prior period[39] - The ending balance of cash and cash equivalents stood at 758,927,067.94, down from 1,059,879,814.14[39] - The company received 281,893.02 in tax refunds during the reporting period[36] Assets and Liabilities - Total assets at the end of the reporting period were ¥8,243,336,627.13, a decrease of 0.68% from ¥8,299,826,018.49 at the end of the previous year[7] - The equity attributable to shareholders increased by 6.76% to ¥4,052,074,634.21 from ¥3,795,428,455.70 at the end of the previous year[7] - Total liabilities decreased to ¥4,191,261,992.92 from ¥4,504,397,562.79, a reduction of about 6.9%[25] - The total current liabilities decreased to CNY 2,610,596,155.84 from CNY 3,066,928,263.93, a decline of approximately 14.9%[22] - Short-term borrowings increased to CNY 979,249,493.72 from CNY 807,267,709.92, reflecting a rise of about 21.3%[22] Operating Costs and Expenses - The company reported a 54.72% increase in operating costs, totaling ¥2,730,938,275.74, compared to ¥1,765,073,243.29 in the same period last year[9] - Total operating costs amounted to ¥2,833,630,030.74, up from ¥1,944,015,455.95, indicating an increase of about 45.7%[27] - Research and development expenses were significantly reduced due to the divestment of the South Wind Chemical Group business, impacting overall R&D spending[12] - Research and development expenses were reported at ¥923,651.62, indicating ongoing investment in innovation[30] - The company reported a financial expense of ¥35,262,147.82, down from ¥64,034,163.84, reflecting a decrease of approximately 44.9%[30] Other Financial Activities - The company experienced a 120.85% increase in other operating income, amounting to ¥38,800.00, primarily due to increased penalty income[12] - The company has seen a 195.00% increase in receivables financing, reaching ¥1,180,000.00, attributed to an increase in bank bills during the reporting period[9] - The total amount of funds raised from the non-public offering of shares was approximately CNY 500 million, with 81,168,831 shares issued at a price of CNY 6.16 per share[19] - The company is in the process of a major asset restructuring and has received approval for the issuance of shares to acquire assets[17] - The company has engaged multiple specific investors for the non-public offering, including UBS AG and China National Gold Group Asset Management Co., Ltd.[17] - The total cash inflow from investment activities was 299,459,906.15, with no cash received from other investment-related activities[39]

Business Restructuring - The company completed a significant asset restructuring on November 12, 2021, transitioning its main business from inorganic salt production to copper metal mining, beneficiation, smelting, and sales[6]. - The company reported a significant change in its main business operations following the asset restructuring, focusing on copper-related activities[6]. - The company underwent a major asset restructuring in 2021, changing its main business focus to copper metal mining, smelting, and sales[30]. - The restructuring included the acquisition of an 80.18% stake in Shanxi Northern Copper Industry Co., Ltd., which has become a wholly-owned subsidiary[89]. - The company completed asset swaps with several subsidiaries, including Sichuan Tongqing Nanfeng Co., Ltd. and Tianjin Nanfeng Trading Co., Ltd., enhancing profitability and sustainable development[156]. Financial Performance - In 2021, the company's operating revenue reached approximately ¥9.96 billion, representing a 16.85% increase compared to the previous year[30]. - The net profit attributable to shareholders was approximately ¥837.93 million, a 35.46% increase from the previous year[30]. - The total profit reached CNY 1.094 billion, an increase of CNY 307 million, with a growth rate of 39.02% year-on-year, while the net profit attributable to the parent company was CNY 838 million, up 35.46% year-on-year[57]. - The company reported a total revenue of CNY 785.09 million, reflecting a substantial increase compared to previous periods, with a net income after tax of CNY 228.12 million[38]. - The company achieved an operating income of CNY 9.965 billion, an increase of CNY 1.437 billion, representing a growth of 16.85% year-on-year[57]. Cash Flow and Investments - The net cash flow from operating activities was approximately ¥694.70 million, showing a decrease of 52.46% compared to the previous year[30]. - The company's cash and cash equivalents decreased by 49.06% to CNY 1.11 billion, mainly due to loan repayments during the reporting period[72]. - The net cash flow from investment activities turned positive at ¥73,425,141.74, compared to a negative cash flow of ¥108,083,297.35 in the previous year[109]. - The company's total investment amount surged by 2,427.68% to ¥4,564,600,633.35 compared to the previous year[121]. - The company reported an investment loss of ¥23,568,070.91, accounting for -2.15% of total profit, primarily from the disposal of trading financial assets[110]. Market and Product Overview - The average copper price in 2021 showed a significant increase, with LME copper reaching a peak of USD 10,747 per ton and SHFE copper peaking at CNY 78,990 per ton, resulting in a price increase of 24.17% and 20.86% respectively[44]. - The company’s main products include high-purity cathode copper, gold ingots, and silver ingots, which are recognized as national quality inspection-free products and have received multiple quality awards[45]. - The company is positioned as a leading player in the copper industry, with its own mining and smelting operations, and is recognized as an innovative pilot enterprise in Shanxi Province[45]. - The copper market is expected to remain in a tight balance or shortage state due to strong demand from green industries such as electric vehicles and renewable energy[44]. - The company processed 471,600 tons of copper concentrate in 2021, achieving a historical breakthrough in cathode copper production[58]. Governance and Management - The company has established a modern corporate governance system to enhance decision-making processes and improve governance efficiency[161]. - The board of directors consists of eight members, including three independent directors, and has established four specialized committees to provide professional opinions for decision-making[177]. - The management team has an average industry experience of over 30 years, enhancing the company's governance and operational capabilities[68]. - The company maintains independence from its controlling shareholder in business, personnel, assets, organization, and finance, ensuring a clear separation of operations[182]. - The company has an independent financial department with a standardized accounting system, conducting its own tax registration and payments without interference from the controlling shareholder[183]. Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements in the annual report[5]. - The company faces market volatility risks due to fluctuations in the prices of copper, gold, silver, and sulfuric acid, which are influenced by global economic conditions[162]. - The company is exposed to risks related to the COVID-19 pandemic, particularly concerning the supply of imported copper concentrate[163]. - The company has established a comprehensive risk control mechanism for its futures management, ensuring no operational or legal risks in its hedging activities[130]. - The company emphasizes safety, environmental protection, and health management in its operations, adhering to strict risk control measures[160]. Research and Development - The company implemented 24 technology projects in 2021, enhancing its innovation capabilities and addressing production bottlenecks[60]. - The company’s R&D investment decreased by 27.72% from 76,882,992.63 CNY in 2020 to 55,571,782.64 CNY in 2021, with R&D expenditure accounting for 0.56% of operating revenue[106]. - The company completed the research on 5G+ intelligent mining applications, improving automation and management levels in mining operations[101]. - The application research of hydraulic fracturing technology is expected to enhance mining safety and improve economic benefits by increasing ore extraction efficiency[97]. - The company has identified a resource amount of 120 million tons in the deep mining area, providing a basis for future mining planning and extending the mine's lifespan[104]. Shareholder Relations - The company held three shareholder meetings during the reporting period, ensuring equal rights for all shareholders, especially minority shareholders, through a combination of online and on-site voting[176]. - The company is focused on resolving competition issues with its major shareholders through strategic agreements and restructuring[188]. - The company has engaged in discussions about stock incentives for executives and employees, indicating a focus on talent retention and motivation[170]. - The company is committed to enhancing shareholder value through potential mergers and acquisitions[200]. - The company aims for stable growth in operating performance and continuous improvement in employee income for 2022, focusing on compliance management and optimizing operational mechanisms[157].

Business Restructuring and Focus - The company completed a significant asset restructuring on November 12, 2021, transitioning its main business from inorganic salt production to copper metal mining, beneficiation, smelting, and sales[6]. - The company reported a significant change in its operational focus following the asset restructuring, which is expected to enhance its market position in the copper industry[6]. - The company has undergone changes in its main business focus, shifting from inorganic salt chemical business to copper metal mining, smelting, and sales since 2021[28]. - The company successfully completed a major asset restructuring on October 18, 2021, with new shares listed on December 16, marking a significant governance change[58]. - The major asset restructuring was approved by the China Securities Regulatory Commission on October 18, 2021, and was completed on October 27, 2021[88]. - The company’s restructuring plan includes significant asset swaps and issuance of shares, which has been approved in the shareholders' meetings[188]. Financial Performance - The company's operating revenue for 2021 was approximately ¥9.96 billion, representing a 16.85% increase compared to the previous year[29]. - The net profit attributable to shareholders for 2021 was approximately ¥837.93 million, a 35.46% increase from the previous year[29]. - The total profit reached CNY 1.094 billion, an increase of CNY 307 million, with a growth rate of 39.02% year-on-year[56]. - The total assets at the end of 2021 were approximately ¥8.30 billion, a decrease of 15.82% compared to the previous year[29]. - The net cash flow from operating activities for 2021 was approximately ¥694.70 million, a decrease of 52.46% compared to the previous year[29]. - The company's cash and cash equivalents decreased by 49.06% to CNY 1.11 billion, mainly due to loan repayments during the reporting period[71]. - The total cash inflow from operating activities increased by 20.00% to ¥11,675,210,368.99, while cash outflow rose by 32.81% to ¥10,980,513,671.17[108]. - The company reported a total revenue of 4,383,000,000.00 CNY for the period, with a completion of asset replacement and issuance of shares[123]. Production and Operations - The company produced 133,100 tons of cathode copper, an increase of 18% year-on-year, while gold ingot production decreased by 18.5% to 2,001 kg, and silver ingot production decreased by 44.7% to 20.98 tons[56]. - The company processed 471,600 tons of copper concentrate, achieving a historical breakthrough in cathode copper production[57]. - The company operates a modern underground copper mine, which is the largest in the non-coal system in China, and has a smelting plant[44]. - The average copper price in 2021 was CNY 78,990 per ton, with a price increase of 20.86% compared to the previous year[43]. - The company’s core product, high-purity cathode copper, accounted for 79.46% of total revenue, with sales increasing by 53.15% year-on-year[75]. Risk Management and Compliance - The company emphasizes the importance of risk awareness regarding forward-looking statements in its annual report[5]. - The company continues to enhance its risk management framework to safeguard shareholder interests and ensure stable operations[132]. - The company has implemented strict controls on the scale of derivative trading funds to manage risks effectively[132]. - The company is committed to high-quality party building as a driving force for high-quality development, integrating it with production and operations[159]. - The company faces market volatility risks due to fluctuating prices of copper, gold, silver, and sulfur, which are influenced by global economic conditions and industry cycles[160]. Corporate Governance - The company held three shareholder meetings during the reporting period, ensuring equal rights for all shareholders, especially minority shareholders, through a combination of online and on-site voting[172]. - The board of directors consists of eight members, including three independent directors, and has established four specialized committees to provide professional opinions for decision-making[173]. - The company maintains independence from its controlling shareholder in terms of business, personnel, assets, organization, and finance, ensuring autonomous operational capabilities[178]. - The company has established a robust internal management and control system, complying with relevant laws and regulations to enhance governance standards[176]. Strategic Goals and Future Outlook - The company aims for 2022 to be a year of "system establishment" and "reform and efficiency," focusing on stable operational performance and continuous employee income growth[157]. - The strategic goal is to build an internationally leading and domestically first-class copper enterprise, maintaining investor expectations[158]. - Future guidance indicates a projected revenue growth rate of approximately 10% for the upcoming fiscal year[200]. - The management team emphasized the importance of technological innovation in driving future growth[200]. - The company is exploring potential mergers and acquisitions to strengthen its market position[200].