Financial Performance - The company's operating revenue for 2017 was ¥945,074,614.04, an increase of 8.49% compared to ¥871,137,228.14 in 2016[18]. - The net profit attributable to shareholders in 2017 was -¥380,023,225.05, a significant decrease of 1,410.21% from ¥29,004,856.59 in 2016[18]. - The net cash flow from operating activities decreased by 31.22% to ¥235,960,759.14 in 2017 from ¥343,067,398.53 in 2016[18]. - The total assets at the end of 2017 were ¥2,043,014,710.14, down 27.58% from ¥2,821,044,193.51 at the end of 2016[19]. - The net assets attributable to shareholders decreased by 25.54% to ¥1,105,457,318.48 at the end of 2017 from ¥1,484,726,787.59 at the end of 2016[19]. - The basic earnings per share for 2017 was -¥0.8621, a decline of 1,410.18% compared to ¥0.0658 in 2016[19]. - The company reported a significant increase of 179.18% in other receivables due to uncollected fiscal interest subsidies[32]. - The total profit for the year was a loss of 380 million RMB, with export revenue amounting to 62.66 million USD, and new products generating sales of 22.87 million USD[39]. - The company reported a cumulative net loss of 783.77 million yuan, with net profits of -397.01 million yuan and -328.54 million yuan for 2017 and 2016, respectively, after deducting non-recurring gains and losses[100]. Market and Sales Performance - The company achieved a 25% market share in the international market for capacitor-grade tantalum powder and over 35% for tantalum wire used in capacitor anodes[28]. - Domestic sales amounted to ¥516,069,154.98, a slight increase of 1.16%, while international sales rose by 18.85% to ¥429,005,459.06[51]. - The manufacturing sector contributed ¥911,735,080.31, accounting for 96.47% of total revenue, with a year-on-year growth of 8.63%[51]. - The energy materials segment saw a significant increase in revenue, reaching ¥109,881,831.53, which is a 208.07% increase from the previous year[51]. - The company's physical sales revenue increased by 12.11% to 10,589.6 tons in 2017 compared to 9,446 tons in 2016[55]. Research and Development - R&D expenses accounted for over 3% of sales revenue annually, reflecting the company's commitment to innovation[35]. - The company has completed 110 national and provincial-level research projects in the past decade, earning 12 national and provincial-level science and technology awards[34]. - The company has developed 14 series of over 30 new products in the tantalum and niobium fields, maintaining a leading position in quality and technology[35]. - The company launched 38 research projects in 2017, achieving a project completion rate of 89%[40]. - Research and development investment totaled ¥30,090,715.71 in 2017, a decrease of 7.23% from ¥32,434,901.03 in 2016, with R&D personnel increasing by 27.23%[66]. Operational Efficiency and Cost Management - The company implemented a cost control strategy, resulting in a 33% reduction in hospitality expenses compared to the previous year[43]. - The company established a comprehensive internal control system, revising 21 business processes and 139 regulations to enhance operational efficiency[44]. - The total operating costs decreased by 1.00% from 918,306,676.99 CNY in 2016 to 909,088,395.53 CNY in 2017[57]. - Labor costs decreased by 5.70% to 96,857,170.05 CNY in 2017, down from 102,707,886.94 CNY in 2016[56]. - The company is focusing on reducing inventory and costs while stopping unprofitable product lines to curb losses[101]. Governance and Management - The company held 7 board meetings and 4 shareholder meetings throughout the year, ensuring effective governance and oversight[46]. - The company has appointed independent directors with expertise in finance and law, ensuring compliance and governance standards are met[176]. - The audit committee convened 5 meetings, reviewing the 2016 annual report, financial statements, and appointing Da Hua CPA as the financial audit institution for 2017[199]. - The supervisory board found no risks during its oversight activities in the reporting period[200]. - The company has a structured remuneration decision-making process involving the compensation and assessment committee and board approval[182]. Legal and Compliance Issues - The company is currently involved in a legal dispute with Baotou Shansheng New Energy Co., with a claim amount of approximately ¥27.26 million[112]. - The company is currently involved in multiple legal cases, including a contract dispute with Chengdu Jingyuan New Material Technology Co., with a claim amount of 1,255.83 million yuan[114]. - The company has received a civil judgment from the Ningxia Hui Autonomous Region High People's Court regarding a contract dispute, resulting in the recovery of 631.67 million yuan in payments[114]. - There are ongoing uncertainties regarding the financial impact of these legal proceedings on the company's profits, making it difficult to predict future losses[114]. - The company continues to monitor and manage its legal risks associated with ongoing disputes and claims[113]. Strategic Focus and Future Plans - The company aims for a revenue target of ¥960 million for 2018, focusing on asset restructuring and returning to core business[81]. - The company plans to enhance efficiency and innovation while deepening reforms to achieve its turnaround goals in 2018[81]. - The strategic plan emphasizes returning to core business areas, particularly in tantalum and niobium, while expanding into high-end products, with increased R&D investment in advanced materials[82]. - The company aims to improve asset operation quality by restructuring and divesting underperforming new industry assets, focusing on reducing inventory and costs to halt losses[82]. - The company is committed to focusing on its main business and improving operational efficiency to combat the challenging market conditions[81]. Social Responsibility and Environmental Compliance - The company emphasizes the integration of economic development with social responsibility, focusing on sustainable development[138]. - The company has implemented safety production and environmental protection measures, ensuring continuous improvement in performance[139]. - The company invested CNY 11.2588 million in environmental pollution prevention facilities during the reporting period[145]. - The company achieved a 100% disposal rate for hazardous waste during the reporting period[145]. - The company was listed as a key monitoring enterprise by the Ningxia Environmental Protection Department in 2017[143].

宁夏东方钽业股份有限公司 2018 年第一季度报告正文 证券代码：000962 证券简称：东方钽业 公告编号：2018-032 宁夏东方钽业股份有限公司 2018 年第一季度报告正文 1 宁夏东方钽业股份有限公司 2018 年第一季度报告正文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人李春光、主管会计工作负责人秦宏武及会计机构负责人(会计主 管人员)秦宏武声明：保证季度报告中财务报表的真实、准确、完整。 2 宁夏东方钽业股份有限公司 2018 年第一季度报告正文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增 | | | --- | --- | --- | --- | --- | | | | | 减 | | | 营业收入（元） | 239,575,271.77 | 238,734,913.45 | | 0.35 ...

Financial Performance - The company's operating revenue for 2017 was ¥945,074,614.04, an increase of 8.49% compared to ¥871,137,228.14 in 2016[18] - The net profit attributable to shareholders was -¥380,023,225.05, a decrease of 1,410.21% from ¥29,004,856.59 in the previous year[18] - The net cash flow from operating activities was ¥235,960,759.14, down 31.22% from ¥343,067,398.53 in 2016[18] - The total assets at the end of 2017 were ¥2,043,014,710.14, a decrease of 27.58% from ¥2,821,044,193.51 at the end of 2016[19] - The net assets attributable to shareholders decreased by 25.54% to ¥1,105,457,318.48 from ¥1,484,726,787.59 in 2016[19] - The basic earnings per share for 2017 was -¥0.8621, compared to ¥0.0658 in 2016, reflecting a significant decline[18] - The total profit for the year was a loss of 380 million RMB, with export revenue amounting to 62.66 million USD, and new products generating sales of 22.87 million USD[39] - The company reported a cumulative net loss of 783.77 million yuan, with net profits of -397.01 million yuan and -328.54 million yuan for 2017 and 2016, respectively, after deducting non-recurring gains and losses[100] Revenue and Sales - The company reported a quarterly operating revenue of ¥238,734,913.45 in Q1, ¥225,087,968.24 in Q2, ¥244,489,519.49 in Q3, and ¥236,762,212.86 in Q4[22] - The manufacturing sector accounted for 96.47% of total revenue, with a revenue of ¥911,735,080.31, up 8.63% year-on-year[51] - The company's foreign sales reached ¥429,005,459.06, marking an 18.85% increase from ¥360,960,829.17 in the previous year[51] - The revenue from energy materials surged by 208.07% to ¥109,881,831.53, compared to ¥35,668,115.79 in 2016[51] - The company's physical sales revenue increased to 10,589.6 tons in 2017, a year-on-year growth of 12.11% compared to 9,446 tons in 2016[55] Costs and Expenses - The total operating costs decreased by 1.00% from 918,306,676.99 yuan in 2016 to 909,088,395.53 yuan in 2017[57] - Raw material costs accounted for 64.85% of total operating costs in 2017, up from 62.65% in 2016, with a total amount of 589,581,319.03 yuan[56] - The company reported a significant increase in energy material costs, which rose by 193.85% to 91,366,339.32 yuan in 2017[58] - Labor costs decreased by 5.70% to 96,857,170.05 yuan in 2017, down from 102,707,886.94 yuan in 2016[56] - Sales expenses decreased by 18.49% to ¥11,967,899.45 in 2017 from ¥14,682,179.29 in 2016[64] - Management expenses decreased by 7.66% to ¥122,066,390.10 in 2017 from ¥132,186,243.97 in 2016[64] - Financial expenses increased by 32.22% to ¥44,904,786.34 in 2017 due to foreign exchange losses[64] Research and Development - R&D expenses accounted for over 3% of sales revenue annually, reflecting the company's commitment to technological advancement[35] - The company has completed 110 national and provincial-level research projects over the past decade, receiving 12 awards for technological achievements[34] - The company launched 38 research projects in 2017, achieving a project completion rate of 89%[40] - R&D investment amounted to ¥30,090,715.71 in 2017, a decrease of 7.23% from ¥32,434,901.03 in 2016, with R&D personnel increasing by 27.23%[66] - The company has developed 14 series of over 30 new products in the tantalum and niobium fields, maintaining a leading position in quality and technology[35] Market Position and Strategy - The company achieved a 25% market share in the international market for capacitor-grade tantalum powder and over 35% for tantalum wire used in capacitor anodes[28] - The company focused on product structure adjustment, emphasizing high-tech and high-profit products, leading to improved market competitiveness[42] - The company aims to optimize and upgrade traditional industries while focusing on high-margin product development, particularly in tantalum and niobium products[82] - The company plans to achieve a sales target of 20 tons for niobium-zirconium products in 2018, emphasizing market development and customer engagement[84] - The company is committed to improving product quality and stability, with specific measures to enhance the processing of Nb47Ti products and accelerate the certification of TB3 wire materials[85] Operational Challenges and Risks - The company faced significant risks including operational, policy, and litigation risks, which may impact future performance[6] - The company is currently involved in multiple legal cases, including a civil judgment from the Ningxia Hui Autonomous Region High Court regarding a contract dispute, which has resulted in uncertainty regarding potential losses[114] - The company has faced challenges in executing judgments due to the lack of assets available for enforcement, leading to uncertainty in financial recovery[114] - The company recognizes market risks related to product sales and pricing, and will actively pursue new market opportunities to mitigate these risks[88] Governance and Management - The company held 7 board meetings and 4 shareholder meetings throughout the year to ensure governance and oversight[46] - The company has established a comprehensive internal control system, revising 21 business processes and 139 regulations to enhance operational efficiency[44] - The board of directors will continue to monitor and supervise management's efforts to enhance the company's ongoing operational capabilities[102] - Independent directors have effectively fulfilled their responsibilities, providing objective and prudent opinions on company matters[192] - The company has a well-structured governance framework, including a board of directors with 9 members, 3 of whom are independent directors[188] Environmental and Social Responsibility - The company emphasizes the integration of economic development with social responsibility[138] - The company has implemented safety production and environmental protection measures, ensuring sustainable development[139] - The company is not classified as a key pollutant discharge unit by environmental protection authorities and is committed to ensuring compliance with environmental standards[143] - The company actively promotes social welfare and cultural activities for employees[139] Future Outlook - The company aims for a revenue target of ¥960 million for 2018, focusing on asset restructuring and returning to core business[81] - The company plans to enhance efficiency and innovation while deepening reforms to achieve profitability[81] - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 1.32 billion CNY[172] - The company is focusing on sustainability, aiming to reduce carbon emissions by 30% over the next five years[172] - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in market share within the next two years[172]

宁夏东方钽业股份有限公司 2017 年第三季度报告正文 证券代码：000962 证券简称：东方钽业 公告编号：2017-046 宁夏东方钽业股份有限公司 2017 年第三季度报告正文 1 宁夏东方钽业股份有限公司 2017 年第三季度报告正文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人李春光、主管会计工作负责人秦宏武及会计机构负责人(会计主 管人员)谷志英声明：保证季度报告中财务报表的真实、准确、完整。 2 宁夏东方钽业股份有限公司 2017 年第三季度报告正文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增 | | --- | --- | --- | --- | --- | | | | | | 减 | | 总资产（元） | 2,272,238,189.89 | | 2,821,044,193.51 | ...

Financial Performance - The company's operating revenue for the first half of 2017 was ¥463,822,881.69, representing a 21.00% increase compared to ¥383,335,191.58 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was -¥95,353,361.61, an improvement of 30.85% from -¥137,888,578.11 in the previous year[18]. - The net cash flow from operating activities was ¥154,915,345.64, which is a 24.01% increase from ¥124,923,579.51 in the same period last year[18]. - The company reported a significant reduction in sales expenses by 41.61%, down to ¥4,897,216.89 from ¥8,386,392.74, due to cost-cutting measures[52]. - The total operating revenue for the first half of 2017 was CNY 463,822,881.69, an increase of 20.99% compared to CNY 383,335,191.58 in the same period last year[139]. - The total operating costs amounted to CNY 563,981,637.14, up from CNY 519,047,999.20, reflecting a rise of 8.93%[140]. - The net loss for the period was CNY 95,161,169.86, compared to a net loss of CNY 137,888,244.42 in the previous year, indicating an improvement of 30.96%[140]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,245,949,751.95, a decrease of 20.39% from ¥2,821,044,193.51 at the end of the previous year[18]. - The total assets decreased to CNY 2,191,114,589.06 from CNY 2,768,722,842.37, a decline of 20.78%[136]. - The total liabilities decreased from CNY 1,332,279,670.76 to CNY 851,212,618.57, a reduction of about 36.1%[132]. - The company's total equity decreased to CNY 1,346,177,291.66 from CNY 1,442,585,332.41, a drop of 6.67%[137]. - Cash and cash equivalents decreased to ¥182,961,985.78, accounting for 8.15% of total assets, down from 10.88% in the previous year, a decrease of 2.73%[58]. - The company's cash and cash equivalents dropped significantly to CNY 113,025,500.95 from CNY 468,124,040.50, a decrease of 75.83%[135]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 38,243[114]. - The largest shareholder, China Nonferrous Metal Industry's Ningxia Orient Group Co., Ltd., holds 45.80% of shares, totaling 201,916,800 shares, with 20,000,000 shares pledged[114]. - The total number of shares outstanding is 440,832,644, with 440,831,060 being unrestricted shares[111]. - The company did not issue any new shares or conduct any share buyback transactions during the reporting period[115]. Research and Development - The company established 38 research projects in 2017, with a project initiation rate of 97.37%[40]. - Research and development investment was ¥14,472,693.53, a decrease of 0.56% from ¥14,554,434.12 in the previous year, indicating stable R&D spending[52]. Market and Product Development - The company primarily engages in the research, production, sales, and import-export of rare metals such as tantalum, niobium, beryllium, and titanium[26]. - The company aims to increase its market share in tantalum powder and wire, leveraging the recovery in the tantalum capacitor industry[45]. - The company expanded its market for tantalum and niobium alloy smelting and processing, with significant sales growth in tantalum and niobium products[39]. Legal and Compliance Issues - The company is involved in a significant lawsuit with a potential liability of approximately 27.26 million yuan[78]. - The company reported a total debt of 941.49 million RMB, with ongoing legal proceedings to recover funds[79]. - The company is pursuing recovery of 720 million RMB from Zhejiang Yuhui Intelligent Systems Co., Ltd. following a civil mediation[80]. - The company continues to monitor and manage its legal risks associated with ongoing litigation[80]. Operational Efficiency - The company has implemented strict inventory management practices, focusing on reducing stock levels and improving turnover rates[47]. - The company is intensifying efforts to collect accounts receivable, establishing clear targets and responsibilities to ensure effective management[68]. - The company aims to enhance product quality and reduce customer complaints through various quality improvement projects and process control measures[46]. Corporate Governance - The company’s board of directors and supervisory board were re-elected on May 26, 2017, with new appointments made for key management positions[105]. - The company has fulfilled its commitment not to plan major asset restructuring within six months from July 29, 2016[75]. Financial Reporting and Compliance - The semi-annual financial report was not audited, which may impact the reliability of the financial data presented[128]. - The financial statements are prepared based on the assumption of going concern and comply with the relevant accounting standards[168].

Financial Performance - The company's operating revenue for Q1 2017 was ¥238,734,913.45, representing an increase of 28.76% compared to ¥185,416,358.72 in the same period last year[8]. - The net profit attributable to shareholders of the listed company was -¥52,547,525.11, an improvement of 27.37% from -¥72,350,261.05 year-on-year[8]. - The net cash flow from operating activities increased by 123.72% to ¥75,062,279.20, up from ¥33,551,276.27 in the previous year[8]. - The basic earnings per share for the reporting period was -¥0.1192, an improvement of 27.36% compared to -¥0.1641 in the same period last year[8]. - The weighted average return on equity was -3.59%, an improvement of 1.50% from -5.09% in the previous year[8]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,555,322,405.86, a decrease of 9.42% from ¥2,821,044,193.51 at the end of the previous year[8]. - The net assets attributable to shareholders of the listed company decreased by 3.50% to ¥1,432,750,019.07 from ¥1,484,726,787.59 at the end of the previous year[8]. - Prepayments increased by 281.74% to ¥68,912,037.88, attributed to increased advance payments for raw materials not yet settled[16]. - Other receivables rose by 71.78% to ¥3,958,531.86, due to unsettled patent agency fees and litigation costs[16]. - Sales tax and additional fees surged by 533.10% to ¥5,545,744.32, influenced by the VAT reform policy and increased VAT payable[16]. - Asset impairment losses increased by 392.72% to ¥7,957,026.50, primarily due to provisions for asset impairment[16]. - The company repaid debts amounting to ¥200,000,000.00, a 300.00% increase compared to the previous period[17]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 37,607[12]. - The largest shareholder, China Nonferrous Metal Industry's Foreign Engineering and Construction Co., Ltd., held 45.80% of the shares, amounting to 201,916,800 shares[12]. Government Support - The company received government subsidies amounting to ¥1,365,024.22 during the reporting period[9]. - Cash received from government subsidies decreased by 48.61% to ¥2,603,443.21, indicating reduced government support[17]. Trading and Compliance - The company’s stock was under special treatment for delisting risk but resumed trading on April 5, 2017, with a change in trading limits from 5% to 10%[18]. - The company reported no overdue commitments from major shareholders or related parties during the reporting period[20]. - There were no significant changes in the company's investment or derivative activities during the reporting period[21][23].

Financial Performance - In 2016, the company's operating revenue was ¥871,137,228.14, a decrease of 19.41% compared to ¥1,081,011,526.11 in 2015[22] - The net profit attributable to shareholders was ¥29,004,856.59, a significant improvement of 104.55% from a net loss of ¥637,134,311.94 in 2015[22] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥328,540,668.57, which is a 50.68% improvement from a loss of ¥666,138,306.03 in 2015[22] - The net cash flow from operating activities increased by 30.52% to ¥343,067,398.53, compared to ¥262,852,846.67 in 2015[22] - The basic earnings per share improved to ¥0.0658 from a loss of ¥1.4453 in 2015, marking a 104.55% increase[22] - The company reported a cumulative net loss of ¥403,746,413.95 as of December 31, 2016, raising concerns about its ability to continue as a going concern[11] - The company plans not to distribute cash dividends or issue bonus shares for the year[11] - The company achieved a total operating revenue of ¥871,137,228.14 in 2016, a decrease of 19.41% compared to ¥1,081,011,526.11 in 2015[54] - The total profit for 2016 was 104 million yuan, marking a turnaround from loss to profit compared to the previous year[45] - The company's total revenue for 2016 was CNY 918,306,676.99, a decrease of 22.82% compared to CNY 1,189,776,044.64 in 2015[60] Market Challenges - The company faces risks related to declining sales volume and prices of its main products, as well as potential market share impacts in 2017[7] - The company is experiencing challenges with long accounts receivable periods and significant amounts due to lenient credit policies[8] - The company faced challenges due to a sluggish market and overcapacity in the metal products sector, leading to a significant decline in demand for traditional products[60] - The overall economic performance of the non-ferrous metal industry improved in 2016, but the tantalum and niobium sector continued to face low demand and pricing pressures[85] - The company aims to enhance operational quality and reduce costs while expanding market reach in 2017, focusing on overcoming challenges in the tantalum and niobium industry[85] Sales and Revenue - The company achieved a 1.5 times increase in sales of tantalum metal materials in the semiconductor sputtering coating materials sector compared to the previous year[36] - The company maintained a 30% market share in the international market for capacitor-grade tantalum powder and 60% for tantalum wire used in capacitor anodes[33] - The company reported a 34% year-on-year increase in sales of niobium and tantalum products in the materials additive sector[36] - Domestic sales accounted for ¥510,176,398.97, representing 58.56% of total revenue, a decline of 25.62% year-on-year[54] - Domestic sales amounted to CNY 481,675,412.11, down 22.12% from CNY 588,200,754.39 in the previous year, while international sales increased by 8.55% to CNY 360,960,829.17 from CNY 330,105,922.60[60] Cost Management - The cost of raw materials accounted for 62.65% of total operating costs, totaling CNY 575,340,984.98, down 34.67% from CNY 880,681,552.59 in 2015[59] - Labor costs increased by 16.18% to CNY 102,707,886.94, representing 11.18% of operating costs[59] - The company successfully reduced accounts receivable by 31.50% through intensified collection efforts during the reporting period[37] - The company reduced inventory costs by over ¥200 million through comprehensive analysis and management of inventory structure[48] - Financial expenses were saved by over ¥20 million through enhanced budget management and risk prevention measures[48] Research and Development - Research and development expenses for 2016 were 32.43 million yuan, representing over 3% of sales revenue[40] - The company successfully completed 104 national and provincial-level research projects since 2006, winning 11 national and provincial-level scientific progress awards[40] - The number of R&D personnel increased by 19.15% to 224 in 2016 from 188 in 2015[67] - In 2017, the company has set 39 research projects to improve product quality and address technical issues[88] Corporate Governance - The company has established a governance structure that complies with the requirements of the China Securities Regulatory Commission[177] - The independent directors actively participated in board meetings, attending 8 meetings and having no absences, demonstrating strong governance[183] - The audit committee conducted 4 meetings during the reporting period, reviewing key financial reports and ensuring compliance with internal controls[187] - The company has a clear organizational structure with a board of directors consisting of 9 members, including 3 independent directors, ensuring effective governance[181] Legal and Compliance Issues - There are ongoing litigation matters involving an amount of 2,725.94 million yuan, with no expected impact on the company's profits[107] - The company has entered execution procedures for multiple contract disputes, indicating ongoing legal challenges[109] - The company is actively seeking to resolve outstanding debts through legal channels[109] - The company has not faced any bankruptcy reorganization or significant litigation issues during the reporting period[106] Social Responsibility and Sustainability - The company emphasizes the integration of economic development and social responsibility, focusing on sustainable development and value creation for stakeholders[129] - The company invested CNY 1,200 million in environmental protection in 2016[132] - The company has implemented safety production and environmental protection measures, enhancing safety management and performance[130] - The company has a commitment to social responsibility, as evidenced by the publication of its 2016 Social Responsibility Report[132] Shareholder Relations - The company held its annual shareholder meeting with a participation rate of only 0.02% on May 13, 2016, indicating low investor engagement[182] - The company maintains a strong relationship with its shareholders, with several board members also holding positions in shareholder companies[164] - The company’s major shareholder pledged 20 million shares, which were reported on January 13, 2016[133] Financial Audit and Reporting - The audit report issued by Zhongtian Accounting Firm provided an unqualified opinion on the financial statements for the year ended December 31, 2016[200] - The internal control evaluation included all units with total assets and revenue contributing 100% to the consolidated financial statements[192] - The company's management is responsible for ensuring the financial statements are prepared in accordance with accounting standards and reflect a true and fair view[198]

Financial Performance - In 2016, the company's operating revenue was ¥871,137,228.14, a decrease of 19.41% compared to ¥1,081,011,526.11 in 2015[22] - The net profit attributable to shareholders was ¥29,004,856.59, a significant improvement of 104.55% from a net loss of ¥637,134,311.94 in 2015[22] - The net profit after deducting non-recurring gains and losses was a loss of ¥328,540,668.57, which is 50.68% better than the loss of ¥666,138,306.03 in the previous year[22] - The net cash flow from operating activities increased by 30.52% to ¥343,067,398.53 from ¥262,852,846.67 in 2015[22] - The basic earnings per share improved to ¥0.0658 from a loss of ¥1.4453 in 2015, marking a 104.55% increase[22] - The company reported a cumulative net loss of ¥403,746,413.95 as of December 31, 2016, raising concerns about its ability to continue as a going concern[11] - The company plans not to distribute cash dividends or issue bonus shares for the year[11] - The company reported a net profit attributable to ordinary shareholders of 29,004,856.59 in 2016, with no cash dividends proposed[96] - The company has not distributed cash dividends or bonus shares in the reporting period, and no plans for capital reserve transfers to increase share capital[96] Market and Sales Performance - The company faces risks related to declining sales volume and prices of its main products, as well as potential market share impacts in 2017[7] - The company achieved a 1.5 times increase in sales of tantalum metal materials compared to the previous year[35] - The company maintained a 30% market share in the international market for capacitor-grade tantalum powder[32] - Domestic sales were ¥510,176,398.97, representing 58.56% of total revenue, a decline of 25.62% from the previous year[53] - The company's domestic sales decreased by 22.12% to CNY 481,675,412.11, while foreign sales increased by 8.55% to CNY 360,960,829.17[56] - The total sales volume dropped by 43.26% to 9,446 tons, and production volume fell by 48.23% to 9,358 tons[56] - The company experienced a significant decline in demand for traditional products due to economic downturns and industry overcapacity[56] Cost Management and Efficiency - The company reduced inventory costs by over ¥200 million through comprehensive analysis and management of inventory structure[48] - Financial expenses were saved by over ¥20 million through enhanced budget management and risk prevention measures[48] - The company completed a quality improvement and efficiency enhancement of over ¥70 million, exceeding its 2016 target[48] - The average on-time delivery rate for regular products was 96.65%, surpassing the planned target of 90%[48] - The gross profit margin for the manufacturing sector was -9.06%, reflecting a decrease of 5.00% compared to the previous year[55] - The company's total operating costs decreased by 22.82% to CNY 918,306,676.99[61] Research and Development - Research and development expenses for 2016 were 32.43 million yuan, representing over 3% of sales revenue[45] - The number of R&D personnel increased by 19.15% to 224 in 2016 from 188 in 2015[66] - The proportion of R&D investment to operating income increased by 0.25% to 3.72% in 2016 from 3.47% in 2015[67] - In 2017, the company has set 39 research projects to improve product quality and address technical issues[87] Operational Challenges - The company is experiencing long accounts receivable periods and significant amounts due to lenient credit policies[8] - The company is focused on reducing inventory and accounts receivable to improve capital efficiency[88] - The company faces risks from declining sales and prices of its main products due to market conditions[89] - The company is implementing measures to manage credit risk and improve customer credit evaluations[90] - The company is addressing human resource risks by enhancing training and retention strategies for technical staff[91] Corporate Governance and Compliance - The company has established a structured governance framework with independent directors and a supervisory board to ensure compliance and oversight[161] - The company has revised its internal control systems, ensuring compliance with regulatory requirements and enhancing governance structures[175] - The audit opinion issued by the accounting firm was a standard unqualified opinion, confirming that the financial statements fairly represented the company's financial position[198] - The company has not experienced any changes in the scope of consolidated financial statements compared to the previous year[102] Social Responsibility and Environmental Management - The company emphasizes the integration of social responsibility into its corporate governance and development strategy[128] - The company invested CNY 12 million in environmental protection in 2016[130] - The company has been recognized for its commitment to safety and environmental protection, achieving compliance in waste emissions[130] - The company’s environmental management system has been certified under ISO 14001[130] Shareholder and Equity Information - The total number of shares is 440,832,644, with 440,831,060 being unrestricted shares, reflecting a minor increase of 528 shares[140] - The largest shareholder, China Nonferrous (Ningxia) Oriental Group Co., Ltd., holds 45.80% of the shares, totaling 201,916,800 shares, which are currently pledged[143] - The number of common shareholders increased from 34,708 to 36,232 during the reporting period[143] - The company has not undergone any changes in its controlling shareholder during the reporting period[146] Management and Human Resources - The total number of employees in the company is 1,835, with 1,785 in the parent company and 50 in major subsidiaries[169] - The company has a total of 1,387 production personnel, 56 sales personnel, 223 technical personnel, 30 financial personnel, and 139 administrative personnel[169] - The total pre-tax remuneration for the general manager is 21.55 million CNY, while independent directors receive 6 million CNY each[167] - The company implemented a performance-based salary system, which includes position salary, performance salary, and allowances[171] Legal and Litigation Matters - The company is involved in a lawsuit with an amount of 2,725.94 million yuan, with no expected impact on profits[106] - The company is pursuing further measures to recover outstanding payments from Jiangsu Kejie Company, with a claim amounting to CNY 13.4073 million[108] - The company has entered execution procedures for a case involving Chengdu Jingyuan New Materials Technology Co., Ltd., with a claim of CNY 12.5583 million[108]

Financial Performance - Operating revenue for the reporting period was CNY 239,458,088.65, a decrease of 39.29% year-on-year[8] - Net profit attributable to shareholders was a loss of CNY 14,503,023.07, representing a 91.12% increase in loss compared to the same period last year[8] - Net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of CNY 65,857,282.99, an increase in loss of 60.30% year-on-year[8] - Basic earnings per share were -CNY 0.0329, a decrease of 91.12% compared to the same period last year[8] - The weighted average return on net assets was -1.11%, a decrease of 7.48% compared to the same period last year[8] - The company's operating revenue for the first nine months of 2016 was ¥622,793,280.23, a decrease of ¥375,053,767.67 or 37.59% compared to the same period in 2015[16] - Cash received from sales of goods and services was ¥579,736,935.59, a decrease of ¥249,306,084.11 or 30.07% due to lower product revenue[17] Assets and Liabilities - Total assets decreased by 13.52% to CNY 2,739,867,471.88 compared to the end of the previous year[8] - Net assets attributable to shareholders decreased by 10.26% to CNY 1,302,757,815.81 compared to the end of the previous year[8] - The company reported a significant decrease in inventory, with a total of ¥450,212,165.48, down 32.68% from ¥668,768,359.13 in the previous period[16] - The total amount of prepayments increased by 507.76% to ¥46,788,874.08, primarily due to unsettled accounts with suppliers[16] Cash Flow - The company reported a net cash flow from operating activities of CNY 256,417,465.45, an increase of 11.94% year-to-date[8] - Cash flow from financing activities included ¥400,000,000.00 received from borrowings, down by ¥500,000,000.00 or 55.56% due to a reduction in financing scale[17] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 38,921[10] - The largest shareholder, China Nonferrous Metal Industry's Ningxia Oriental Group Co., Ltd., held 45.80% of the shares, amounting to 201,916,800 shares[10] Expenses and Impairments - Operating costs for the same period were ¥685,678,073.35, down by ¥379,071,864.83 or 35.60% due to a decline in overall product sales[16] - Financial expenses decreased by ¥22,327,936.82 or 42.17% to ¥30,620,751.07, attributed to a reduction in financing scale[16] - The company recorded an asset impairment reversal of ¥7,635,519.27, a significant improvement compared to a loss of ¥115,938,620.30 in the previous year, marking a 106.59% change[16] - The company received ¥61,094,123.08 in non-operating income, an increase of ¥48,947,236.84 or 402.96% compared to the previous year, mainly from compensation received[16] Corporate Actions - The company has committed to not planning any major asset restructuring for six months following the announcement of the termination of a major asset restructuring plan on July 29, 2016[19]

宁夏东方钽业股份有限公司 2016 年半年度报告 2016 年 08 月 1 宁夏东方钽业股份有限公司 2016 年半年度报告全文 宁夏东方钽业股份有限公司 2016 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的 真实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本报告的董事会会议。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 公司负责人李春光、主管会计工作负责人赵文通及会计机构负责人(会计主 管人员)孙慧智声明：保证本半年度报告中财务报告的真实、准确、完整。 半年度报告内容中涉及的未来计划以及无法预知的可能存在的各种经营性 风险、政策风险、诉讼风险等前瞻性陈述因存在不确定性，不构成公司对投资 者的实质承诺，请投资者注意投资风险。 2 | | | 宁夏东方钽业股份有限公司 2016 年半年度报告全文 释义 | 释义项 | 指 | 释义内容 | | --- | --- | --- | | 公司、本公司、东方钽业 | 指 | 宁夏东方钽业股份有限公司 | | 实际控制人 | ...