股票代码：000762 股票简称：西藏矿业 编号：临2023-005 西藏矿业发展股份有限公司 关于举行 2022 年度及 2023 年第一季度 网上业绩说明会的公告 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。 西藏矿业发展股份有限公司（以下简称"公司"）《2022 年年度报告》及《2023 年一季度报告》已于 2023 年 4 月 27 日披露。为进一步加强与投资者的沟通交流，公司将于 2023 年 5 月 22 日（星期一）下午 15:30-17:00 在同花顺路演平 台采用网络远程方式举行 2022 年度及 2023 年第一季度网上 业绩说明会。 投资者可以通过以下两种方式参与： 1 ）登录同花顺路演平台，进入直播间 https://board.10jqka.com.cn/rs/pc/detail?roadshowId =1005281 进行提问； 2）使用同花顺手机炒股软件扫描下方 二维码进入路演直播间进行提问互动交流。 出席本次说明会的人员有：董事长曾泰先生，副董事长、 总经理张金涛先生，财务总监徐少兵先生，董事会秘书王迎 春先生，独立董事牟文女 ...

Financial Performance - The company's operating revenue for 2022 was CNY 2,209,194,199.05, representing a 242.98% increase compared to CNY 644,114,301.06 in 2021[16] - The net profit attributable to shareholders for 2022 was CNY 795,335,687.31, a significant increase of 467.45% from CNY 140,158,748.67 in the previous year[16] - The net cash flow from operating activities reached CNY 1,654,654,045.41, up 315.67% from CNY 398,069,664.62 in 2021[16] - Basic earnings per share for 2022 were CNY 1.53, compared to CNY 0.27 in 2021, marking a 466.67% increase[16] - Total assets at the end of 2022 amounted to CNY 7,513,946,450.56, a 160.89% increase from CNY 2,880,117,592.53 at the end of 2021[16] - The company's net assets attributable to shareholders increased by 37.14% to CNY 2,959,646,141.93 from CNY 2,158,128,376.16 in 2021[16] - The weighted average return on equity for 2022 was 36.80%, up from 6.71% in 2021, indicating a significant improvement in profitability[16] - The company reported a quarterly revenue of CNY 883,306,828.30 in Q4 2022, contributing to a total annual revenue growth[21] - The net profit attributable to shareholders in Q4 2022 was CNY 317,285,382.75, reflecting strong performance in the last quarter[21] Production and Sales - Lithium product sales increased by 2,935.98 tons, a growth of 37.33%, while chromium product sales decreased by 7,752.02 tons, a decline of 5.21%[35] - The production of lithium salt products rose by 920.68 tons, marking a 10.21% increase, while chromium ore production fell by 5,351.86 tons, a decrease of 3.80%[34] - The average selling price of chromium ore in 2022 was 2,668 per ton, an increase of 38.1% compared to 1,932 per ton in 2021[27] - The production capacity of lithium carbonate in China reached 395,000 tons in 2022, with a year-on-year growth rate of approximately 32.5%[26] - The company holds mining rights for the Robu Sha chromium mine, with an annual production capacity of around 30,000 tons, positioning it among the top producers in the domestic industry[30] Research and Development - The company has filed for 7 patents related to lithium extraction technology, indicating a strong focus on R&D[33] - The company is investing 100 million CNY in R&D for new technologies aimed at improving production efficiency[86] - Research and development expenses decreased by 28.52% to ¥981,132.05, representing only 0.04% of operating revenue[51] - The company emphasizes the need for continuous technological research and development to maintain its competitive edge in the rapidly growing lithium industry[82] Environmental and Social Responsibility - The company has obtained pollution discharge permits for its subsidiaries, ensuring compliance with environmental regulations[145] - The environmental impact assessment for the lithium resource development project was approved in June 2022, indicating ongoing commitment to sustainable practices[145] - In 2022, the company invested 12.2935 million yuan in environmental protection efforts, focusing on "ultra-low emissions" and "zero wastewater discharge" initiatives[153] - The company has established a "village-based professional cooperative" with 157 households participating, aiming to enhance income and ensure no return to poverty, with an investment of 169,200 CNY in 2022[156] - The cooperative's main business includes livestock breeding, processing, and daily necessities, contributing to the local economy and improving livelihoods[156] Strategic Planning and Future Outlook - The company plans to produce 110,000 tons of chromium ore and 0.95 million tons of lithium concentrate in 2023[79] - The company aims to achieve an operating revenue of 2.492 billion CNY and a total profit of 1.377 billion CNY for 2022[80] - The company is expected to continue benefiting from the strong demand in the lithium market, despite potential price corrections in the future[26] - Future work includes optimizing the Zabuye Phase I process and advancing the construction of subsequent phases and lithium industry chain projects[83] - The company has set a revenue guidance for 2023, projecting a growth of 10% to 1.32 billion CNY[86] Governance and Management - The company has established a governance structure with "three meetings and one layer," optimizing decision-making processes and regularly holding shareholder, board, and supervisory meetings[89] - The company has implemented a comprehensive risk management report and conducts quarterly risk assessments to enhance internal controls[90] - The company maintains independence from its controlling shareholder in terms of business operations, personnel, assets, finance, and organizational structure[91] - The company has established a performance evaluation scheme for both headquarters and subsidiaries, linking performance results to incentive awards[89] Financial Management and Compliance - The company has committed to reducing and standardizing related party transactions to protect the rights of minority shareholders[162] - The company has ensured compliance with relevant laws and regulations regarding related party transactions, including avoiding conflicts of interest[162] - The company has engaged Tianjian Accounting Firm (Special General Partnership) for auditing services, with a fee of 1.2 million yuan for the year[168] - The internal control audit report for 2022 received a standard unqualified opinion, confirming effective internal controls over financial reporting[142] Employee Relations and Development - The total number of employees at the end of the reporting period was 431, with 287 in production, 23 in sales, 18 in technology, 21 in finance, and 82 in administration[120] - The company has focused on enhancing employee training and development, aligning with its strategic goals and improving workforce capabilities[125] - In 2022, the company provided a total of 515 hours of specialized training for C-level and above management, and 22,524 hours for technical personnel[124] - The company has implemented a salary structure consisting of base salary and performance-based pay, ensuring timely payment of employee wages and benefits[122]

Financial Performance - The net profit attributable to the parent company decreased by 86.82% compared to the same period last year, primarily due to a sharp decline in lithium carbonate market prices and ongoing upgrades to the filling station project, leading to reduced revenue[6]. - The company's operating revenue for Q1 2023 was ¥90,036,967.69, a decrease of 74.48% compared to ¥352,807,164.62 in the same period last year[39]. - Net profit attributable to shareholders of the listed company was ¥17,397,653.72, down 86.82% from ¥132,049,811.03 year-on-year[39]. - The net profit after deducting non-recurring gains and losses was ¥8,672,352.02, a decline of 93.12% compared to ¥126,001,276.15 in the previous year[39]. - Net profit for the current period is ¥36,052,565.50, down 85.1% from ¥241,933,988.63 in the previous period[52]. - Basic earnings per share were ¥0.033, down 87.01% from ¥0.254 in the same period last year[39]. - The basic earnings per share of ¥0.033, down from ¥0.254 in the previous period[52]. - The weighted average return on net assets was 0.59%, a decrease of 5.35% from 5.94% in the previous year[39]. Cash Flow - Operating cash flow increased by 13.53% year-on-year, mainly due to an increase in cash received related to operating activities[6]. - The net cash flow from operating activities increased by 13.53% to ¥348,611,545.03 from ¥307,060,921.53 in the same period last year[39]. - Cash and cash equivalents decreased by 12.37% from the beginning of the year, primarily due to loan repayments[28]. - Investment activities resulted in a net cash outflow of ¥342,742,973.91, compared to a smaller outflow of ¥19,072,815.77 in the previous period[54]. - Financing cash flow increased by 100% year-on-year, mainly due to an increase in cash received from loans[6]. Assets and Liabilities - Total assets at the end of the reporting period were ¥7,344,911,413.41, a decrease of 2.25% from ¥7,513,946,450.56 at the end of the previous year[39]. - Total liabilities and equity amounted to ¥7,344,911,413.41, compared to ¥7,513,946,450.56 in the previous year[39]. - Equity attributable to shareholders of the listed company increased by 0.62% to ¥2,977,986,535.96 from ¥2,959,646,141.93 at the end of the previous year[39]. Revenue and Costs - Revenue and operating costs decreased by 74.48% and 44.29% year-on-year, respectively, due to the sharp decline in lithium carbonate market prices[28]. - Total operating revenue for the current period is ¥90,036,967.69, a decrease of 74.5% from ¥352,807,164.62 in the previous period[51]. - Total operating costs decreased to ¥61,932,358.48 from ¥77,509,411.99, representing a reduction of 20.1%[51]. Shareholder Information - The total number of shareholders with unrestricted shares is 10, with the largest shareholder holding 108,733,483 shares[8]. Government Support - The company received government subsidies amounting to 85,652.88 yuan during the reporting period[4]. Research and Development - Research and development expenses were recorded at ¥2,843.33, indicating ongoing investment in innovation[51]. Other Information - The company has not audited the first quarter report[55]. - The basic pension insurance fund 1205 portfolio holds 3,896,714 units, representing 0.75% of the total assets[62]. - The China Construction Bank's investment fund holds 3,694,608 units, accounting for 0.71% of the total assets[62]. - The Industrial and Commercial Bank of China's investment fund has 3,192,013 units, which is 0.61% of the total assets[62]. - The Bank of China's investment fund holds 3,025,601 units, representing 0.58% of the total assets[62].

Financial Performance - Revenue for Q3 2022 was CNY 105,139,499.38, a decrease of 50.01% compared to the same period last year[7] - Net profit attributable to shareholders was CNY 2,612,764.77, down 96.94% year-on-year[7] - Net profit excluding non-recurring items was CNY -1,247,452.98, a decrease of 101.47% compared to the previous year[7] - The company's revenue for the current period was CNY 1,325,887,370.75, a substantial rise from CNY 436,733,914.75 in the previous period, marking an increase of approximately 203.5%[35] - The net profit for the current period is approximately CNY 885 million, a significant increase compared to CNY 154 million in the previous period, representing a growth of over 470%[37] - Operating income for the current period reached CNY 1.058 billion, compared to CNY 155 million in the previous period, indicating a growth of approximately 580%[37] - The total comprehensive income attributable to the parent company's owners is CNY 478 million, compared to CNY 128 million in the previous period, indicating a growth of approximately 273%[37] Assets and Liabilities - Total assets increased to CNY 6,907,603,507.24, representing a growth of 139.84% from the end of the previous year[7] - Current assets totaled CNY 2,574,449,826.18, up from CNY 1,226,907,811.89 at the start of the year, indicating a growth of approximately 110.5%[31] - Non-current assets amounted to CNY 4,333,153,681.06, compared to CNY 1,653,209,780.64 previously, reflecting an increase of about 162.3%[31] - The total liabilities were reported at CNY 3,424,478,481.88, compared to CNY 283,029,286.35 previously, indicating a growth of around 1,115.5%[31] Shareholder Information - The total number of common shareholders at the end of the reporting period was 122,265[18] - The largest shareholder, Tibet Mining Asset Management Co., Ltd., holds 19.99% of the shares, totaling 104,163,875 shares[18] - The second-largest shareholder, Hong Kong Central Clearing Limited, holds 1.80% of the shares, totaling 9,373,765 shares[18] - The company has pledged 41,640,000 shares by Tibet Mining Asset Management Co., Ltd.[18] - The company has not disclosed any related party relationships among the top shareholders[21] Cash Flow and Investments - Cash flow from operating activities increased by 273.04% year-on-year, totaling CNY 1,015,163,224.36[7][16] - The company reported a cash balance of CNY 1,847,066,314.54, significantly higher than CNY 933,345,487.75 at the beginning of the year, representing an increase of about 97.8%[30] - Cash inflow from financing activities totaled CNY 1.112 billion, a significant turnaround from a cash outflow of CNY 3.176 million in the previous period[43] - The company reported a cash outflow from investment activities of CNY 1.221 billion, compared to CNY 29 million in the previous period, indicating a substantial increase in investment expenditures[41] Research and Development - Research and development expenses increased by 68.61% year-on-year, reflecting increased investment in salt lake research[12] Stock and Incentives - The company approved a stock incentive plan, granting 352,000 restricted shares at a price of 26.39 RMB per share[24] - The company’s stock incentive plan was approved at the first extraordinary general meeting of 2022[23] Future Plans - The company plans to donate 10 million RMB for pandemic prevention efforts[25] - The company is in the process of transferring 100% equity of its subsidiary, Baiyin Zhabuye Lithium Industry Co., Ltd.[25] - The company has plans for market expansion and new product development, although specific details were not provided in the report[30]

Financial Performance - The company's operating revenue for the first half of 2022 reached ¥1,220,747,871.37, representing a 439.20% increase compared to ¥226,399,375.95 in the same period last year[27]. - Net profit attributable to shareholders was ¥475,437,539.79, a significant increase of 1,018.30% from ¥42,514,255.13 in the previous year[27]. - The net profit after deducting non-recurring gains and losses was ¥470,027,903.24, up 991.60% from ¥43,058,529.38 year-on-year[27]. - The net cash flow from operating activities was ¥1,078,576,644.29, an increase of 558.02% compared to ¥163,911,397.13 in the same period last year[27]. - Basic earnings per share rose to ¥0.9129, reflecting an increase of 1,018.75% from ¥0.0816 in the previous year[27]. - The total operating revenue for the reporting period was ¥1,220,747,871.37, representing a 439.20% increase compared to ¥226,399,375.95 in the same period last year[48]. - Lithium product revenue increased by 961.55% year-on-year, contributing ¥1,059,760,423.48, which accounted for 86.81% of total revenue[51]. - The company reported a significant increase in cash and cash equivalents due to enhanced sales efforts and increased collections[53]. - The company reported a staggering increase in income tax expenses, rising to ¥153,735,452.83 from just ¥4,343.30, reflecting the substantial increase in total profits[45]. - The company reported a net profit of ¥874,743,176.79, a substantial rise from ¥48,840,146.02 in the first half of 2021, reflecting an increase of approximately 1681.5%[198]. Assets and Liabilities - Total assets at the end of the reporting period were ¥6,621,135,678.80, a 129.89% increase from ¥2,880,117,592.53 at the end of the previous year[27]. - The total assets of the company as of the reporting date amounted to ¥2,584,503,028.49, up from ¥2,360,159,287.63 in the previous year, marking an increase of about 9.5%[195]. - Total liabilities were reported at CNY 3,149,077,332.53, a rise from CNY 283,029,286.35, indicating a substantial increase[189]. - Total liabilities increased to ¥219,298,204.21 from ¥72,868,171.02, representing a growth of approximately 200.5%[195]. - The equity attributable to shareholders of the parent company reached CNY 2,633,792,779.25, compared to CNY 2,158,128,376.16 at the beginning of the year, showing an increase of about 22%[189]. Operational Efficiency - The operating cost decreased by 31.16% to ¥103,667,947.49 from ¥150,600,347.46, attributed to increased production volume[45]. - The company's gross profit margin improved significantly due to the increase in sales volume and product prices, leading to a substantial rise in total profit[45]. - The gross profit margin for lithium products was 94.47%, with a year-on-year increase of 53.25%[51]. - The gross profit margin for the mining industry was 91.59%, showing a year-on-year increase of 57.67%[51]. - The company has increased its research and development efforts, holding 7 patents related to lithium extraction technology[44]. Investment and Development - The total investment amount for the reporting period is ¥745,253,395.45, representing a 100% increase compared to the same period last year[61]. - The company has invested ¥241,497,401.97 in the Tibet Zabuye Salt Lake green comprehensive development project for battery-grade lithium carbonate, with a cumulative actual investment of ¥666,259,719.37[61]. - The company has initiated the construction of a new project for battery-grade lithium carbonate, contributing to the increase in fixed assets[53]. - The company has increased its short-term borrowings to ¥440,000,000.00, primarily to fund the development of the Zabuye Salt Lake lithium project[56]. Risk Management - The company has outlined potential risks and countermeasures in its management discussion and analysis section, emphasizing the importance of risk awareness for investors[5]. - The company has established a comprehensive risk management plan to identify and mitigate potential risks affecting its strategic goals[79]. - The company emphasizes the importance of monitoring the supply and demand changes of lithium-chromium products due to the complex global economic situation[79]. Environmental and Social Responsibility - The company has successfully maintained compliance with environmental standards, with all monitored pollutants meeting regulatory requirements[92]. - The company has conducted environmental impact assessments for its mining projects, with approvals obtained for various phases of development[97]. - The company has strengthened pandemic prevention measures to ensure stable production and operations[79]. - The company is actively working on poverty alleviation through partnerships and monitoring, ensuring no return to poverty for beneficiaries[101]. - The company has invested 200,000 yuan in 2022 for community projects to support local cooperative development and increase income for herders[103]. - The company is focused on rural revitalization, enhancing community engagement, and improving living standards through various initiatives[104]. Corporate Governance - The company plans not to distribute cash dividends or issue bonus shares for this reporting period[6]. - The company has received approval for its restricted stock incentive plan from the State-owned Assets Supervision and Administration Commission[86]. - The company disclosed a restricted stock incentive plan on January 1, 2022, as part of its corporate governance[137]. - The company held its 2021 annual general meeting on May 24, 2022, where key reports and proposals were approved[144]. - The company has not engaged in any related party transactions during the reporting period[117].

Financial Performance - The company's operating revenue for Q1 2022 was ¥352,807,164.62, representing a 159.18% increase compared to ¥136,124,079.55 in the same period last year[3]. - Net profit attributable to shareholders was ¥132,049,811.03, a significant increase of 557.72% from ¥20,077,021.18 year-on-year[3]. - Basic earnings per share rose to ¥0.2535, reflecting a 558.44% increase compared to ¥0.0385 in the same period last year[3]. - The net cash flow from operating activities reached ¥307,060,921.53, up 182.92% from ¥108,531,383.92 in the previous year[3]. - The total operating revenue for Q1 2022 was CNY 352,807,164.62, a significant increase from CNY 136,124,079.55 in Q1 2021, representing a growth of approximately 159.5%[13]. - The net profit for Q1 2022 reached CNY 241,933,988.63, compared to CNY 24,769,976.45 in the same period last year, indicating a growth of approximately 875.5%[14]. - The earnings per share (EPS) for Q1 2022 was CNY 0.2535, up from CNY 0.0385 in Q1 2021, reflecting an increase of about 558.4%[14]. - Cash flow from operating activities was CNY 399,172,031.35, compared to CNY 160,666,722.10 in the previous year, showing an increase of approximately 148.5%[14]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,340,251,273.89, a 15.98% increase from ¥2,880,117,592.53 at the end of the previous year[3]. - The total assets increased to CNY 3,340,251,273.89 from CNY 2,880,117,592.53, representing a growth of about 15.9%[11]. - The total liabilities rose to CNY 501,217,774.44 from CNY 283,029,286.35, indicating an increase of approximately 77.2%[11]. - The equity attributable to the owners of the parent company was CNY 113,681,762.52, with no prior year data available for comparison[11]. Cash Flow - The total cash inflow from operating activities amounted to CNY 405,183,405.14, while cash outflow was CNY 98,122,483.61, resulting in a net cash flow of CNY 307,060,921.53[15]. - The cash and cash equivalents at the end of Q1 2022 reached CNY 1,218,454,169.99, compared to CNY 1,096,196,937.91 at the end of Q1 2021, indicating an increase of approximately 11.1%[16]. - The company reported a net increase in cash and cash equivalents of CNY 287,988,105.76 for Q1 2022, compared to CNY 89,159,329.70 in Q1 2021[16]. - The total amount of cash received from other operating activities was CNY 6,011,373.79, showing a significant increase from CNY 2,740,923.14 in the previous year[15]. Expenses and Investments - The total operating costs decreased to CNY 77,509,411.99 from CNY 117,323,228.65, marking a reduction of about 33.9%[13]. - The company experienced a 250.26% increase in selling expenses, attributed to increased sales volume and related travel costs[5]. - The company’s investment in construction projects surged by 1642.04%, mainly due to the addition of a lithium carbonate project[5]. - The company reported a significant increase in investment income of CNY 6,000,000.00 compared to CNY 5,676,023.96 in the previous year[13]. Other Key Developments - The company announced a share incentive plan during the board meeting on March 9, 2022, aimed at enhancing employee motivation and retention[10]. - The company disclosed a performance forecast for Q1 2022, indicating expectations for growth compared to the previous year[10]. - The company is actively pursuing resource verification and has made progress in signing significant contracts with its subsidiaries[10]. - The company’s total liabilities and equity structure will be further detailed in the upcoming financial disclosures, reflecting ongoing strategic adjustments[10]. - The report was issued by the Board of Directors on April 27, 2022, indicating the timeliness of the financial disclosure[17].

Financial Performance - The company's operating revenue for 2021 was CNY 644,114,301.06, representing a 68.18% increase compared to CNY 382,985,096.17 in 2020[24] - The net profit attributable to shareholders for 2021 was CNY 140,158,748.67, a significant increase of 388.89% from a loss of CNY 48,516,677.64 in 2020[24] - The net cash flow from operating activities reached CNY 398,069,664.62, marking a 575.17% increase from CNY 58,958,458.08 in the previous year[24] - The basic earnings per share for 2021 was CNY 0.2691, compared to a loss of CNY 0.0932 in 2020, reflecting a 388.73% improvement[24] - The company reported a significant increase in net profit after deducting non-recurring gains and losses, reaching CNY 111,694,176.51, compared to a loss of CNY 55,025,907.85 in 2020, representing a 302.98% increase[24] - The weighted average return on net assets for 2021 was 6.71%, a recovery from -2.38% in 2020[24] Assets and Liabilities - Total assets at the end of 2021 amounted to CNY 2,880,117,592.53, a 5.75% increase from CNY 2,723,615,043.59 at the end of 2020[26] - The net assets attributable to shareholders increased to CNY 2,158,128,376.16, up 6.98% from CNY 2,017,227,340.22 in 2020[26] - The company has not reported any significant discrepancies between financial reports prepared under international and Chinese accounting standards[28] - The company’s financial liabilities remained at ¥0.00 at the end of the reporting period[71] Production and Sales - The production of chromium ore in 2021 reached 140,000 tons, doubling from 66,554.10 tons in 2020, showcasing the effectiveness of new mining techniques and improved management[37] - The total production capacity for lithium and its derivatives is projected to increase significantly, driven by the ongoing expansion of lithium resources[37] - Lithium salt production rose by 4,269.45 tons, marking an increase of 89.95%, with lithium concentrate production at 9,016.00 tons, up 96.00% year-on-year[44] - The sales of lithium salt products surged by 7,126.55 tons, a staggering increase of 964.19%, including industrial-grade lithium carbonate sales of 408.05 tons, up 196.59%[45] - The sales of self-produced chromium ore reached 139,396.12 tons, an increase of 632.65% year-on-year[44] - The company’s sales volume increased to 156,754.47 tons in 2021, a 41.61% increase compared to 110,697.77 tons in 2020[51] Research and Development - The company has seven patents related to lithium extraction technology, indicating a strong commitment to R&D[43] - The company is increasing its R&D investment to maintain its competitive edge in the lithium industry, which is experiencing heightened investment interest and resource scarcity[99] - Research and development investments increased by 25%, focusing on sustainable mining technologies[136] Strategic Plans and Projects - The company plans to complete the construction of a 10,000-ton battery-grade lithium carbonate project by July 30, 2023, with production expected to commence by September 30, 2023[37] - The company plans to focus on high-quality development and aims to become a leader in the comprehensive development and utilization of mineral resources in the Qinghai-Tibet Plateau[95] - The company aims to strengthen its core business and improve competitiveness through increased R&D efforts and resource integration[100] - The company is currently involved in multiple projects, including the Zabuye Phase I technical transformation project and the Zabuye Salt Lake Phase II project[80] Governance and Management - The company has established a comprehensive governance structure, including decision-making procedures and management systems, to enhance operational efficiency[108] - The company maintains independent operations with a complete business structure, ensuring no reliance on the controlling shareholder[110] - The company has established an independent financial accounting department and a complete accounting system, with no shared bank accounts with the controlling shareholder[112] - The company’s governance structure includes independent directors and supervisors, ensuring compliance and oversight[118] Environmental and Social Responsibility - The company is committed to reducing carbon emissions, although specific measures and their effectiveness were not detailed in the report[185] - The company has engaged qualified third-party organizations for environmental monitoring, with quarterly assessments of various environmental parameters showing no exceedances[185] - The company has established a cooperative model to support local farmers, with 157 households participating in the cooperative, contributing to poverty alleviation and income generation[188] - The cooperative's main business includes livestock breeding, processing, and sales, which aims to improve the livelihoods of local communities[188] Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 12%[136] - The lithium industry is expected to see strong demand due to the rapid growth of the new energy vehicle market, with production and sales exceeding 3.5 million units, a year-on-year increase of 160%[94] - The company aims to produce 15,000 tons of chromium ore and 9,500 tons of lithium concentrate in 2022, with a total profit target of 258 million yuan and operating revenue of 729 million yuan[97]

Group 1: Company Overview - The company is Tibet Mining Development Co., Ltd., with stock code 000762 and abbreviation 西藏矿业 [1] - The company guarantees the authenticity, accuracy, and completeness of the disclosed information [1] Group 2: Investor Relations Activities - The investor relations activity took place on January 17, 2022, from 16:30 to 17:30 in the company meeting room [2] - The meeting was attended by institutional investors, with a detailed list provided in the attachment [4] Group 3: Production Capacity and Plans - The company plans to increase lithium salt production capacity, with a 10,000-ton lithium carbonate project expected to commence production in September 2023 [2][3] - A 15,000-ton expansion of chromium ore production is in the design phase, with construction starting in 2022 [2] - The investment for the 10,000-ton lithium carbonate project is approximately 2.1 billion CNY (including tax) [3] Group 4: Technology and Production Processes - The company employs a green production process for its lithium carbonate project, utilizing membrane separation and crystallization evaporation [2] - The lithium hydroxide production process involves pre-treatment of impurities followed by lithium salt extraction using titanium-based adsorbents [3] Group 5: Sales and Market Strategy - The company sells lithium concentrate products directly, with pricing based on the Shanghai Nonferrous Metals Network lithium salt prices [3] - Both China Baowu Steel Group and the regional government support the company's future development [3]

Group 1: Resource Verification - The resource verification is based on the exploration reserves minus the historical extraction amounts, which is deemed credible and reasonable by the review experts [2][3] - The verification report is necessary for the renewal of mining rights expiring in May 2022 and for the resource assessment report related to the equity optimization of the Zabuye project [2][3] Group 2: Company Incentives - Following Baowu's acquisition, the company established a comprehensive incentive mechanism, including monthly, quarterly, and annual rewards, as well as exploring long-term incentive mechanisms [3] Group 3: Production and Capacity Planning - The production capacity and operational progress of the Zabuye Phase I solar pond method have improved significantly due to leakage repairs and process optimizations [3] - The annual production plan will be disclosed in the company's subsequent annual report [3] - The construction progress of the 10,000-ton lithium carbonate project is currently on track [3] Group 4: Market and Sales Strategy - The production and sales rhythm of Zabuye salt lake aligns well with local climatic and geographical conditions, with the best production season being winter [4] - Sales are conducted in an orderly manner based on market conditions [4] Group 5: Future Expansion Potential - The potential for further expansion of the Zabuye salt lake is under ongoing research [3] - The overall progress of developing salt lakes in Tibet is supported by both China Baowu and the regional government, aiming to use Zabuye as a benchmark project [3] Group 6: Project Considerations - The decision to suspend the Zabuye lithium salt plant was based on distance from Tibet, lack of cost advantages, outdated processes, and the implementation of a new 10,000-ton lithium carbonate project [3]

Financial Performance - Revenue for the third quarter reached ¥210,334,538.80, an increase of 79.44% compared to the same period last year[3] - Net profit attributable to shareholders was ¥85,370,395.26, reflecting a significant increase of 968.69% year-over-year[3] - The net profit after deducting non-recurring gains and losses was ¥84,912,728.57, up 987.35% from the previous year[3] - The basic earnings per share were ¥0.1639, an increase of 967.20% year-over-year[3] - The company reported a 68.66% increase in revenue year-over-year, driven by rising prices of lithium salt products and increased sales efforts[7] - Investment income surged by 5050.35% year-over-year, primarily due to returns from Huabao Trust financial products[7] - The company experienced a 318.58% increase in taxes and surcharges, correlating with the increased sales volume[7] - Total operating revenue for Q3 2021 reached CNY 436,733,914.75, a significant increase from CNY 258,943,315.24 in the same period last year, representing a growth of approximately 68.6%[18] - The company's net loss narrowed to CNY -20,898,211.56 from CNY -148,782,861.95, showing an improvement in financial performance[17] - The net profit for the third quarter of 2021 was CNY 153,901,126.57, a significant recovery from a net loss of CNY 57,226,418.38 in the same period last year, representing a turnaround of over 368%[19] - The total profit for the quarter was CNY 153,905,469.87, compared to a total loss of CNY -57,212,820.46 in the same quarter of the previous year, marking a substantial improvement[19] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,909,473,672.48, representing a growth of 6.82% from the end of the previous year[5] - The total assets of the company increased to CNY 2,909,473,672.48 from CNY 2,723,615,043.59, marking a growth of about 6.8%[16] - The total liabilities rose to CNY 342,917,749.14 from CNY 310,942,980.09, which is an increase of approximately 10.3%[17] - Non-current assets totaled CNY 1,352,097,016.06, a slight decrease from CNY 1,378,750,957.08 year-over-year, reflecting a decline of about 1.9%[16] Shareholder Information - The total number of common shareholders at the end of the reporting period is 141,729[10] - The largest shareholder, Tibet Mining Asset Management Co., Ltd., holds 19.93% of shares, totaling 103,799,275 shares, with 41,640,000 shares pledged[10] - Tibet Canghua Industrial Co., Ltd. holds 2.34% of shares, totaling 12,188,713 shares, with 3,000,000 shares pledged[10] - Citic Lyon Asset Management Co., Ltd. holds 1.55% of shares, totaling 8,077,053 shares[10] Cash Flow and Expenses - Cash flow from operating activities for the year-to-date increased by 495.01%, totaling ¥272,130,167.12[3] - The company's cash and cash equivalents increased to CNY 1,261,967,045.86 as of September 30, 2021, compared to CNY 1,007,037,608.21 at the end of 2020, reflecting a growth of approximately 25.2%[15] - Accounts receivable decreased significantly to CNY 428,969.17 from CNY 17,974,141.98, indicating a reduction of about 97.6%[15] - Inventory levels decreased to CNY 135,182,023.50 from CNY 253,502,540.24, a decline of approximately 46.7%[15] - The company incurred financial expenses of CNY -9,937,265.39, which included interest expenses of CNY 1,468,530.36, showing a decrease in financial costs compared to the previous year[19] - The investment activities resulted in a net cash outflow of CNY -14,024,583.72, contrasting with a net inflow of CNY 71,521,303.21 in the same period last year[24] Future Plans and Corporate Governance - The company plans to utilize raised funds for the comprehensive development of the Zabuye lithium project, which is expected to produce 10,000 tons of battery-grade lithium carbonate[14] - The company disclosed a performance forecast on July 15, 2021, indicating expected growth in revenue[14] - The board approved the signing of performance responsibility agreements on August 16, 2021, to enhance operational accountability[14] - The company is actively engaging in investor relations activities, with records of multiple meetings held in August and September 2021[14] - The company has pledged part of its shares, with significant portions held by major shareholders, indicating a focus on maintaining liquidity[14] Research and Development - Research and development expenses amounted to CNY 581,900.86, reflecting the company's commitment to innovation and product development[19] Audit and Compliance - The third quarter report has not been audited[26] - The company does not require adjustments to the beginning balance sheet items due to the new leasing standards, as it only applies to short-term leases of one year[25]