Financial Performance - The company's operating revenue for 2020 was CNY 676,442,241.91, representing a 12.54% increase compared to CNY 601,068,722.70 in 2019[18]. - The net profit attributable to shareholders for 2020 was CNY 49,313,340.99, a 19.81% increase from CNY 41,161,217.20 in 2019[18]. - The net profit after deducting non-recurring gains and losses was CNY 23,762,537.11, up 24.14% from CNY 19,141,021.19 in 2019[18]. - The basic earnings per share for 2020 was CNY 0.1119, an increase of 19.81% compared to CNY 0.0934 in 2019[19]. - The total assets at the end of 2020 were CNY 1,524,364,598.75, a decrease of 7.35% from CNY 1,645,241,166.13 at the end of 2019[19]. - The net assets attributable to shareholders increased by 3.96% to CNY 1,214,455,405.93 at the end of 2020, compared to CNY 1,168,234,016.39 at the end of 2019[19]. - The company reported a net cash flow from operating activities of CNY -6,893,503.92, a significant decline of 103.00% from CNY 229,961,922.43 in 2019[18]. - The weighted average return on equity for 2020 was 4.13%, an increase from 3.58% in 2019[19]. - The company achieved a revenue of 676.44 million yuan in 2020, representing a year-on-year growth of 12.54%[39]. - Net profit for the year was 49.33 million yuan, an increase of 17.63% compared to the previous year[39]. - The asset-liability ratio stood at 19.99%, with total assets of 1.524 billion yuan and total liabilities of 305 million yuan[39]. Cash Flow and Investments - The company reported a net cash flow from operating activities of ¥30,753,621.37 in the fourth quarter, indicating improved cash generation capabilities[22]. - The company’s cash outflow from financing activities decreased by 66.42% to 186,553,677.09 CNY in 2020, down from 555,518,588.18 CNY in 2019[68]. - The company’s cash flow from operating activities showed a decrease in cash received from sales, totaling 589,182,351.61 CNY, a slight decline of 0.35% from 591,222,746.35 CNY in 2019[68]. - Long-term equity investments increased by 4.69%, reaching 508,618,440.36 CNY at the end of 2020, up from 471,923,829.61 CNY at the beginning of the year[74]. - The net profit from investment activities was reported at 43,924,986.94 CNY, accounting for 88.90% of total profit, primarily from equity method accounting of associated companies[71]. Research and Development - R&D efforts are being accelerated, particularly in high-capacity tantalum powder and high-end tantalum-niobium products, to enhance competitive advantage[31]. - Research and development expenses increased by 62.42% to ¥18.78 million, reflecting a focus on enhancing innovation capabilities[62]. - R&D investment increased by 21.70% from 38,460,600.36 CNY in 2019 to 46,806,230.03 CNY in 2020, with R&D personnel rising by 7.45%[64]. - R&D expenditure as a percentage of operating revenue rose to 6.92% in 2020, up from 6.40% in 2019, reflecting a 0.52% increase[65]. - The company launched a key research project on ultra-pure tantalum, achieving a purity level above 5N[42]. Market and Sales Performance - Domestic sales accounted for 55.72% of total revenue, showing a significant increase of 41.37% year-on-year[50]. - The company’s total sales revenue from foreign markets was approximately ¥299.5 million, a decrease of 10.44% year-on-year[52]. - The company’s internal sales increased significantly, with tantalum powder and wire sales growing substantially[41]. - The company reported a total of 334.87 tons in sales volume for the manufacturing sector, which is a 7.10% increase from the previous year[53]. - The company achieved a labor service revenue of 712.66 million, representing an increase of 18.86% compared to the previous period[131]. Strategic Initiatives and Future Outlook - For 2021, the company set a revenue target of 700 million, focusing on enhancing its product offerings and operational efficiency[85]. - The company plans to strengthen its market presence by targeting both domestic and international markets, particularly in high-temperature alloys, semiconductors, and medical fields[86]. - The company aims to enhance its R&D capabilities by focusing on key technologies such as high-pressure high-density tantalum powder and superconducting niobium materials[88]. - The company is actively pursuing strategic partnerships and potential acquisitions to enhance its competitive position in the industry[176]. - Future guidance indicates a commitment to maintaining stable revenue while exploring growth opportunities in both domestic and international markets[173]. Corporate Governance and Compliance - The company has maintained its accounting estimates without any significant changes during the reporting period[118]. - The audit firm Daxin Certified Public Accountants has been retained for four consecutive years, with an audit fee of CNY 650,000 for the current period[121]. - The company has not faced any bankruptcy reorganization matters during the reporting period[123]. - The company has not reported any new bad debts, ensuring effective control over accounts receivable[91]. - The company has established an environmental self-monitoring plan in compliance with government requirements, which was uploaded to the local environmental protection bureau's website[149]. Social Responsibility and Environmental Initiatives - The company emphasizes its commitment to social responsibility, focusing on sustainable development and environmental protection initiatives[144]. - The company is committed to green development and environmental protection, focusing on pollution prevention and improving monitoring capabilities[92]. - In 2020, the company conducted regular maintenance of environmental protection facilities, ensuring that emissions of waste gas, wastewater, noise, and solid waste met national environmental standards without any pollution incidents[149]. - The company invested CNY 30 million in 2008 for wastewater treatment and comprehensive recovery technology, achieving stable compliance in wastewater discharge[148]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 34,394, an increase from 33,857 at the end of the previous month[158]. - The largest shareholder, China Nonferrous Metal Industry's Ningxia Orient Group Co., Ltd., holds 45.80% of the shares, totaling 201,916,800 shares, with 20,000,000 shares pledged[159]. - The company has not undergone any changes in its controlling shareholder during the reporting period[161]. - The company has a total of 201,916,800 unrestricted shares held by the top ten unrestricted shareholders[159]. Employee and Management Information - The total number of employees in the company is 1,154, with 703 in production, 29 in sales, 255 in technical roles, 17 in finance, and 150 in administration[189]. - The company implemented a performance-based salary system, adjusting the salary grades for 430 employees in 2020[191]. - The company conducted 25 training sessions in 2020, with over 800 participants and a training completion rate of 100%[192]. - The new management team includes professionals with extensive backgrounds in finance, engineering, and management, which is expected to drive strategic initiatives[177].

宁夏东方钽业股份有限公司 2020 年第三季度报告全文 宁夏东方钽业股份有限公司 2020 年第三季度报告 2020 年 10 月 1 宁夏东方钽业股份有限公司 2020 年第三季度报告全文 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、误导性陈述或重大遗漏，并承担个别和连 带的法律责任。 除下列董事外，其他董事亲自出席了审议本次季报的董事会会议 | 未亲自出席董事姓名 | 未亲自出席董事职务 | 未亲自出席会议原因 | 被委托人姓名 | | --- | --- | --- | --- | | 赵文通 | 董事 | 出差 | 李春光 | 公司负责人聂全新、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)李毛毛声明：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 2020 年第三季度报告全文 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 | | --- | --- | --- | ...

Financial Performance - The company's operating revenue for the first half of 2020 was ¥253,696,052.07, a decrease of 16.58% compared to the same period last year[18]. - The net profit attributable to shareholders was ¥16,137,286.20, representing a significant increase of 451.96% year-on-year[18]. - The net profit after deducting non-recurring gains and losses was ¥2,055,481.95, an increase of 136.93% compared to the previous year[18]. - The net cash flow from operating activities was ¥28,425,526.80, down 79.51% from the same period last year[18]. - The total assets at the end of the reporting period were ¥1,601,383,162.07, a decrease of 2.67% from the end of the previous year[18]. - The net assets attributable to shareholders at the end of the reporting period were ¥1,184,246,383.84, an increase of 1.37% compared to the end of the previous year[18]. - The company achieved operating revenue of 253.7 million yuan and a net profit of 16.17 million yuan in the first half of 2020, with an operating cash flow of 28.43 million yuan[36]. - The company's operating revenue for the first half of 2020 was ¥253.70 million, a decrease of 16.58% compared to ¥304.12 million in the same period last year, primarily due to the economic downturn and the impact of the pandemic[43]. - Operating costs decreased by 16.89% to ¥216.23 million from ¥260.17 million, reflecting the reduction in sales revenue[43]. - The total expenses for the period were ¥35.09 million, a decrease of 35.16% year-on-year, with significant reductions in management expenses by 27.24%[43]. - Research and development expenses increased by 43.21% to ¥4.58 million, indicating a rise in investment in R&D activities[44]. - The company reported a net increase in cash and cash equivalents of -¥54.68 million, a decline of 281.61% compared to -¥14.33 million in the same period last year[44]. - The gross profit margin for the manufacturing sector was 14.80%, a slight increase of 2.44% compared to the previous year[48]. - The company reported a total sales amount of 154.87 million yuan to related parties during the reporting period[83]. Research and Development - The company has invested significantly in R&D, with a 41.37% increase in development expenditures compared to the beginning of the period[29]. - The company completed 115 national and provincial-level research projects over the past decade, receiving 13 technology awards[31]. - Research and development expenses for the first half of 2020 were CNY 4.58 million, an increase of 43.2% compared to CNY 3.20 million in the first half of 2019[139]. - The company is focusing on high-tech metal materials, optimizing its industrial structure, and addressing underperforming sectors[27]. Market Position and Strategy - The company maintains a stable industry position with strong market competitiveness and has established extensive cooperation with major international manufacturers[26]. - The company is actively exploring new marketing models, including online and offline integration, to adapt to market changes due to the pandemic[37]. - Domestic sales accounted for 51.79% of total revenue, increasing by 2.26% year-on-year, while international sales dropped by 30.36% to 48.21% of total revenue[46]. - The company is the largest producer of tantalum and niobium rare metal products in China, with over 80% of its main products exported to international markets[167]. Financial Health and Risk Management - The asset-liability ratio stands at 25.72%, indicating a healthy financial structure[36]. - The company has implemented a comprehensive risk management system and strengthened internal controls, including the revision of 25 internal regulations[40]. - The company faced market risks due to declining sales volume of main products, with strategies to enhance market order acquisition and strengthen credit management[61]. - Raw material risks were highlighted due to reliance on overseas imports, with strategies to improve resource procurement and utilization rates[61]. - The company is actively monitoring foreign exchange market changes to mitigate currency risk associated with international transactions[61]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 36,050[111]. - The largest shareholder, Ningxia Dongfang Tantalum Industry Group Co., Ltd., holds 45.80% of shares, totaling 201,916,800 shares, with 20,000,000 shares pledged[111]. - The second-largest shareholder, Zheng Wenbao, holds 3.48% of shares, totaling 15,323,296 shares, with no changes during the reporting period[111]. - The company did not issue any preferred shares during the reporting period[116]. - There were no changes in the controlling shareholder or actual controller during the reporting period[113]. Environmental Compliance - The company reported a total of 23.08 tons of COD emissions, which is below the regulatory limit of 500 mg/L[100]. - Ammonia emissions were recorded at 2.37 tons, well within the limit of 25 mg/L[100]. - Fluoride emissions amounted to 2.89 tons, also below the regulatory threshold of 20 mg/L[100]. - The company has not experienced any environmental pollution incidents during the reporting period[100]. - The company has established an emergency response plan for environmental incidents, which has been filed with the local environmental protection bureau[101]. - The company has obtained the updated ISO 14001 environmental management system certification as of September 27, 2019[102]. Legal and Regulatory Matters - The company is involved in ongoing litigation, including a case with Baotou Shansheng New Energy Co., with a total claim amount of CNY 2,725.94 million[72]. - The company has a pending case with Hunan Changlianxing Group, with a claim amount of CNY 1,500 million[72]. - The company has not conducted an audit for its half-year financial report[69]. - There are no bankruptcy reorganization matters reported during the reporting period[70]. - The company reported no media scrutiny during the reporting period[75]. - There were no penalties or rectifications during the reporting period[76]. Corporate Governance - The financial statements were approved by the board of directors on August 14, 2020[170]. - The company has not identified any significant doubts regarding its ability to continue as a going concern for the next 12 months[172]. - The company follows the accounting standards set by the Ministry of Finance, ensuring that its financial reports reflect a true and complete picture of its financial status[173].

Financial Performance - The company's operating revenue for Q1 2020 was ¥96,233,962.82, a decrease of 44.44% compared to ¥173,195,020.47 in the same period last year[8] - The net profit attributable to shareholders was a loss of ¥5,255,252.27, representing a decline of 274.85% from a profit of ¥3,005,660.87 in the previous year[8] - Basic and diluted earnings per share were both -¥0.0119, a decrease of 275.00% from ¥0.0068 in the same period last year[8] - The net loss for Q1 2020 was ¥5,298,751.42, compared to a net profit of ¥3,161,733.05 in Q1 2019[36] - The company's operating profit for Q1 2020 was -5,149,961.65 CNY, a decrease from the operating profit of 2,269,999.03 CNY in Q1 2019[40] - The total comprehensive income for Q1 2020 was -5,177,975.60 CNY, compared to 2,847,909.90 CNY in Q1 2019[37] Cash Flow - The net cash flow from operating activities decreased by 74.51%, amounting to ¥20,239,298.33 compared to ¥79,397,349.26 in the prior year[8] - The net cash flow from operating activities decreased to ¥22,527,916.74 from ¥93,872,359.13, representing a decline of approximately 76% year-over-year[46] - Cash inflows from operating activities totaled ¥123,399,989.30, down 34.6% compared to ¥188,869,698.75 in the previous period[46] - Cash outflows from operating activities increased to ¥100,872,072.56, up 6.9% from ¥94,997,339.62[46] - The company reported a net cash outflow from financing activities of -62,452,961.81 CNY in Q1 2020, compared to -129,814,749.99 CNY in Q1 2019[45] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,550,074,822.14, down 5.78% from ¥1,645,241,166.13 at the end of the previous year[8] - The company's total liabilities decreased to ¥381,840,385.76 in Q1 2020 from ¥471,780,908.28 at the end of 2019, a reduction of 19.1%[30] - The total assets decreased to CNY 1,550,074,822.14 from CNY 1,645,241,166.13, indicating a reduction in overall asset base[28] - The company's equity attributable to shareholders was ¥1,168,234,016.39, reflecting stability in ownership equity[51] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 37,994[10] - The largest shareholder, China Northern Rare Earth Group, held 45.80% of the shares, amounting to 201,916,800 shares, with 20,000,000 shares pledged[10] - There were no significant changes in the shareholder structure or any repurchase transactions during the reporting period[11] Government Subsidies and Expenses - The company received government subsidies amounting to ¥3,184,250.99 during the reporting period[9] - The company incurred total sales expenses of 1,109,952.93 CNY in Q1 2020, a decrease of 40.0% compared to 1,848,430.85 CNY in Q1 2019[40] - Research and development expenses for Q1 2020 were ¥295,150.33, indicating ongoing investment in innovation[36] Accounting Changes - The company has implemented new accounting standards for revenue and leasing, affecting the presentation of contract liabilities[52] - The company has implemented a new accounting policy for revenue recognition starting January 1, 2020, adjusting the presentation of advance receipts to contract liabilities[55] - The first quarter report for 2020 has not been audited[56]

Financial Performance - The company's operating revenue for 2019 was CNY 601,068,722.70, a decrease of 45.13% compared to CNY 1,095,458,919.50 in 2018[17] - The net profit attributable to shareholders for 2019 was CNY 41,161,217.20, an increase of 37.73% from CNY 29,885,298.31 in 2018[17] - The company reported quarterly revenues of CNY 173,195,020.47 in Q1, CNY 130,926,879.66 in Q2, CNY 148,498,764.82 in Q3, and CNY 148,448,057.75 in Q4[18] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 19,141,021.19, a decrease of 3.37% compared to the previous year[20] - The total profit reached 42.49 million yuan, an increase of 40.19% compared to the previous year[36] - The company achieved an investment income of ¥39,333,756.26, which constituted 92.57% of the total profit, primarily due to adjustments in the earnings of associated companies[65] - The total operating costs for 2019 were ¥500,356,918.28, a decrease of 44.84% from ¥907,033,606.67 in 2018[50] Cash Flow and Investments - The net cash flow from operating activities for the year was CNY 79,397,349.26 in Q1, CNY 59,343,384.71 in Q2, CNY 12,386,736.82 in Q3, and CNY 78,834,451.64 in Q4[18] - The net cash flow from operating activities increased significantly by 268.25% to CNY 229,961,922.43[20] - The cash inflow from investment activities was ¥50,330,287.37, a substantial increase of 9,966.06% compared to the previous year[62] - The company secured a bank credit loan limit of 280 million yuan and reduced bank loans by 235 million yuan, saving 12.46 million yuan in financial expenses[39] Research and Development - Research and development expenditures capitalized increased by 135.39%, indicating a focus on innovation[30] - The company invested 38.46 million yuan in research and development, with 40 ongoing research projects and a completion rate of 89.6%[37] - The company has established a national tantalum and niobium special materials engineering research center and an analysis research center, equipped with advanced analysis and testing equipment[32] - The company has 49 international patents and has developed multiple grades of tantalum powder and wire products, leading in quality and technology in the international market[32] Market and Sales Performance - Revenue from the manufacturing sector was ¥576,761,284.81, accounting for 95.96% of total revenue, down 45.86% from ¥1,065,256,947.49 in 2018[44] - Domestic sales decreased by 49.39% to ¥266,610,744.69, while international sales fell by 41.19% to ¥334,457,978.01[44] - Sales volume in the manufacturing sector dropped to 312.67 tons, a significant decline of 96.15% from 8,111.73 tons in 2018[47] - The sales of high-performance tantalum strip products increased by nearly 50% compared to the same period last year[37] Shareholder and Ownership Structure - The company is under the control of China Nonferrous Metal Mining Group Co., Ltd.[10] - The company’s major shareholder, China Nonferrous Metal Mining Group Co., Ltd., holds 45.80% of the total shares[16] - The total number of shares is 440,832,644, with 440,831,060 being unrestricted shares, representing 100% of the total[135] - The largest shareholder, China Nonferrous Metal Industry's Foreign Engineering and Construction Co., Ltd., holds 45.80% of the shares, totaling 201,916,800 shares[138] Governance and Management - The company has implemented a structured governance framework with independent directors like Wang Fan, ensuring compliance and strategic guidance[158] - The management team is composed of experienced professionals, including Ma Xiaoming, who serves as the chairman of the supervisory board and has a background in economic management[159] - The company has a clear governance structure, with a board of directors consisting of 9 members, including 3 independent directors[176] - The company has established a fully independent human resources department, ensuring no interference in personnel decisions from the controlling shareholder[174] Environmental and Social Responsibility - The company emphasizes the integration of economic development with social responsibility, focusing on technological innovation, management innovation, and environmental protection to enhance sustainable development capabilities[123] - The company has implemented a comprehensive environmental monitoring plan and received the updated ISO 14001 environmental management system certification in September 2019[130] - The company has not reported any environmental pollution incidents during the reporting period, ensuring adherence to national environmental standards[129] Future Outlook and Strategy - The company aims for a revenue target of ¥709 million for 2020, focusing on enhancing its core capabilities in the tantalum and niobium industry[76] - The company plans to optimize traditional industries and promote new economic growth points through technological innovation and high-end product development[76] - The company recognizes the ongoing challenges in the tantalum and niobium market due to high external dependence and price volatility, while also identifying opportunities in aerospace and high-end materials research[75] Legal and Compliance Issues - The company is involved in ongoing litigation with Baotou Mountain Sheng New Energy Co., with an estimated claim amount of CNY 27,259,400, and has fully provided for bad debts related to this case[102] - The company has also been pursuing recovery of accounts receivable from Zhejiang Yuhui Intelligent System Co., with a total receivable of CNY 31,909,900, and has fully provided for bad debts[103] - The company has not experienced any significant accounting errors requiring retrospective restatement during the reporting period[97]

2019 年第三季度报告 2019 年 10 月 1 宁夏东方钽业股份有限公司 2019 年第三季度报告全文 宁夏东方钽业股份有限公司 2019 年第三季度报告全文 第一节 重要提示 宁夏东方钽业股份有限公司 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。 非经常性损益项目和金额 √ 适用 □ 不适用 所有董事均已出席了审议本次季报的董事会会议。 公司负责人赵文通、主管会计工作负责人柴慧萍及会计机构负责人(会计主 管人员)柴慧萍声明：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 2019 年第三季度报告全文 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） | 1,612,041,636.82 | | 1,808,452,987.48 | -1 ...

Financial Performance - The company's operating revenue for the first half of 2019 was ¥304,121,900.13, a decrease of 41.23% compared to ¥517,508,892.39 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was ¥2,923,638.37, representing a significant increase of 115.03% from a loss of ¥19,454,030.65 in the previous year[18]. - The net cash flow from operating activities reached ¥138,740,733.97, an increase of 362.59% compared to ¥29,992,036.99 in the same period last year[18]. - The basic earnings per share improved to ¥0.0066, up 114.97% from a loss of ¥0.0441 per share in the previous year[18]. - The company reported a significant reduction in non-recurring losses, with a net profit excluding non-recurring items of -¥5,565,607.55, an improvement of 76.49% from -¥23,670,659.86 in the previous year[18]. - The company's operating revenue for the reporting period was ¥304,121,900.13, a decrease of 41.23% compared to ¥517,508,892.39 in the same period last year, primarily due to asset disposal and market impact on product revenue[41]. - Operating costs decreased by 43.78% to ¥260,167,373.42 from ¥462,804,613.42, reflecting the reduction in sales revenue[41]. - The company's net loss for the first half of 2019 was CNY 14,136,278.63, compared to a net loss of CNY 19,860,891.83 in the first half of 2018[126]. - The total profit for the first half of 2019 was CNY 3.85 million, compared to a total loss of CNY 19.12 million in the same period of the previous year[130]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,684,095,414.09, a decrease of 6.88% from ¥1,808,452,987.48 at the end of the previous year[18]. - The total assets of the company reached 1.684 billion yuan, with a debt-to-asset ratio of 32.46%[35]. - The total liabilities of the company were RMB 489,041,836.94, down from RMB 613,195,345.76, reflecting a decrease of approximately 20.29%[118]. - The company's total assets at the end of the reporting period amounted to CNY 1,608,612,893.35 as of June 30, 2019, down from CNY 1,740,087,818.35 at the end of 2018, a decline of 7.5%[124]. - The total liabilities decreased to CNY 546,730,798.84 as of June 30, 2019, down 19.0% from CNY 674,876,885.26 at the end of 2018[121]. Investments and Expenditures - Research and development expenditures increased by 199.76% compared to the beginning of the year, highlighting a focus on innovation[29]. - Research and development investment increased by 71.62% to ¥21,663,386.92 from ¥12,622,625.94, indicating a commitment to innovation[41]. - The company reported an investment income of CNY 11.64 million from joint ventures, a recovery from a loss of CNY 1.23 million in the first half of 2018[130]. Cash Flow - The cash flow from operating activities for the first half of 2019 was CNY 138.74 million, a significant increase from CNY 29.99 million in the same period of 2018[133]. - The company's cash and cash equivalents decreased to RMB 255,227,278.17 from RMB 269,556,080.66, a decline of about 5.32%[116]. - Cash inflow from financing activities was CNY 105,000,000.00, with cash outflow totaling CNY 258,908,369.43, resulting in a net cash flow of -CNY 153,908,369.43[137]. Market and Operational Risks - The company faces market risks due to declining sales volume and prices of its main products, impacting market share[58]. - The company is exposed to raw material risks due to reliance on overseas imports, with price volatility and geopolitical factors affecting supply[58]. - The company has implemented measures to enhance management levels and improve inventory turnover to mitigate management risks[59]. Shareholder and Governance - The company plans not to distribute cash dividends or issue bonus shares[7]. - The company held its first extraordinary general meeting of 2019 on February 14, with a participation rate of 45.81%[62]. - The annual general meeting for 2018 was held on April 19, with a participation rate of 46.54%[62]. - The company has not initiated any poverty alleviation work in the first half of 2019 and has no subsequent plans for such initiatives[94]. Environmental Compliance - The company is classified as a key pollutant discharge unit by environmental protection authorities[87]. - The total COD emissions were 38.04 tons, with a concentration of 108.19 mg/L, below the standard of 500 mg/L[87]. - The environmental protection facilities operated normally, meeting national standards for waste gas, wastewater, noise, and solid waste[88]. Legal Matters - There are ongoing litigation matters involving amounts of 27.26 million yuan and 15 million yuan, with the company taking measures to recover debts[68]. - The company continues to pursue legal actions to recover debts owed to it[70]. - The company has maintained a focus on its operational integrity and has not faced any significant legal challenges during the reporting period[71].

Revenue and Profitability - The company's revenue for Q1 2019 was ¥173,195,020.47, a decrease of 27.71% compared to ¥239,575,271.77 in the same period last year[9] - Net profit attributable to shareholders was ¥3,005,660.87, representing a significant increase of 110.37% from a loss of ¥28,978,421.89 in the previous year[9] - Basic earnings per share improved to ¥0.0068 from a loss of ¥0.0657, marking an increase of 110.35%[9] - The net profit for Q1 2019 was CNY 3,161,733.05, a significant recovery from a net loss of CNY 29,058,528.82 in Q1 2018[40] - Total comprehensive income for the period was CNY 2.84 million, recovering from a total comprehensive loss of CNY 28.18 million in the previous year[45] Cash Flow and Operating Activities - The net cash flow from operating activities surged by 585.58% to ¥79,397,349.26, compared to ¥11,581,062.19 in the same period last year[9] - Operating cash flow generated was CNY 79.40 million, a substantial increase from CNY 11.58 million in the previous year[49] - Cash received related to operating activities fell by 65.57% to ¥1,744,929.15, due to decreased government subsidies[18] - The company received CNY 24,291,986.48 in cash related to operating activities, a notable increase from CNY 5,099,558.64 in the previous year[52] Assets and Liabilities - Total assets decreased by 5.73% to ¥1,704,798,121.74 from ¥1,808,452,987.48 at the end of the previous year[9] - Total current assets decreased by 11.15% to ¥794,218,518.24 compared to the end of 2018[30] - Total liabilities decreased by 15.66% to ¥569,006,392.74 compared to the end of 2018[31] - The company's total assets as of March 31, 2019, were CNY 1,644,659,988.28, down from CNY 1,740,087,818.35 at the end of 2018[37] - The total liabilities decreased to CNY 556,455,980.76 from CNY 654,013,853.82, representing a decline of approximately 15%[36] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 40,687, with the largest shareholder holding 45.80% of the shares[11] - The company's net assets attributable to shareholders increased slightly by 0.18% to ¥1,131,189,443.10 from ¥1,129,129,888.50[9] - The equity attributable to shareholders of the parent company increased slightly to CNY 1,088,204,007.52 from CNY 1,086,073,964.53[37] Investment and Expenses - The company reported non-operating income of ¥6,626,259.13, primarily from government subsidies and other income[10] - R&D expenses decreased by 100% to 0 due to reduced capitalized research investments[16] - Financial expenses decreased by 53.10% to ¥7,486,262.94, attributed to reduced bank loan interest and exchange losses[16] - Investment income increased by 1599.70% to ¥5,142,047.68, influenced by adjustments in equity method investments[16] - The company reported an investment income of CNY 5,142,047.68 in Q1 2019, compared to a loss of CNY 342,872.61 in the same period last year[40] Inventory and Current Assets - Inventory decreased by 7.47% to ¥356,058,174.42 from the previous year-end[30] - Current assets decreased to CNY 704,282,979.80 from CNY 795,282,116.51 at the end of 2018, reflecting a decline of approximately 11.5%[35] - Inventory as of March 31, 2019, was CNY 356,180,729.19, down from CNY 384,530,414.90 at the end of 2018, indicating a reduction of about 7.4%[34] Financial Management - The company experienced a significant increase in construction in progress, rising by 1182.39% to ¥819,975.51 due to increased investment in ongoing projects[15] - The accounts payable increased by 49.75% to ¥75,934,738.24, indicating a rise in unpaid raw material costs[15] - The company incurred interest expenses of CNY 4.71 million, down from CNY 6.98 million, showing a reduction in debt servicing costs[43] - Financial expenses decreased to CNY 7.55 million from CNY 15.88 million, reflecting improved financial management[43] Other Financial Metrics - Cash received from tax refunds decreased by 60.45% to ¥3,638,214.83, reflecting a reduction in export tax rebates[18] - Other income rose by 367.27% to ¥6,060,223.56, primarily due to increased government subsidies[16] - The company reported a significant increase in other income to CNY 6.06 million from CNY 1.30 million in the previous year, indicating better operational performance[44] - The company’s cash and cash equivalents decreased to CNY 166,374,209.08 from CNY 203,881,942.78 at the end of 2018, a decline of about 18.4%[34]

Financial Performance - The company's operating revenue for 2018 was ¥1,095,458,919.50, representing a 15.91% increase compared to ¥945,074,614.04 in 2017[18]. - The net profit attributable to shareholders was CNY 29,885,298.31, a significant improvement from a loss of CNY 380,023,225.05, representing a 107.86% increase[19]. - The net profit after deducting non-recurring gains and losses was CNY 19,808,289.04, compared to a loss of CNY 397,009,925.76, marking a 104.99% increase[19]. - The total profit for the year was 30.34 million CNY, with export revenue amounting to 84.95 million USD, including new product sales of 24.82 million USD[40]. - The total revenue for the year was approximately 907 million yuan, showing a slight decrease of 0.23% compared to the previous year[55]. - The company reported a total revenue of 10,266.03 million CNY for the year, with a significant portion coming from sales to related parties amounting to 1,686.31 million CNY[116]. - The company reported a total revenue of 419.91 million in 2018, with a year-on-year increase of 46.51%[126]. Dividends and Shareholder Returns - The company plans not to distribute cash dividends or issue bonus shares for the year[7]. - The company has not distributed cash dividends in the past three years, with a reported net profit of CNY 29,911,631.02 in 2018, but no dividends were declared[92]. - The company has not proposed any cash dividend distribution plans for the current year, maintaining a policy of reinvestment[94]. Market Environment and Risks - The company is facing uncertainties in both domestic and international market environments, which may impact future plans and development strategies[6]. - The global economic slowdown and trade tensions are expected to impact the tantalum and niobium industry, creating uncertainty in future growth[30]. - The company faces market risks, including potential declines in sales volume and prices of its main products, and is implementing measures to mitigate these risks[85]. - The company acknowledges the uncertainties in raw material supply due to geopolitical issues in major production areas[81]. Research and Development - The company is focusing on enhancing its R&D capabilities, particularly in high-capacity tantalum powder and high-end tantalum-niobium products[29]. - The company has completed 115 national and provincial-level research projects over the past decade, receiving 13 technology awards[35]. - The company has set up 44 research projects in 2018, achieving a 100% initiation rate[41]. - Research and development expenses totaled approximately 24.77 million yuan, representing 2.26% of total revenue, down from 3.18% the previous year[62]. - The company reduced its workforce in R&D by 20.70%, with the number of R&D personnel decreasing from 285 to 226[61]. Asset Management and Financial Adjustments - The company has made adjustments to its financial data for the year, indicating a need for retrospective adjustments[18]. - The total assets decreased by 11.48% to CNY 1,808,452,987.48 from CNY 2,043,014,710.14[19]. - Fixed assets decreased by 58.23% compared to the beginning of the period due to asset replacement[32]. - Intangible assets decreased by 65.87% compared to the beginning of the period, also due to asset replacement[32]. - Long-term equity investments increased by 2141.05% compared to the beginning of the period, following an asset swap that enhanced investment in a rare metals research institute[32]. Shareholder Structure and Governance - The major shareholder, China Nonferrous Metal Mining Group Co., Ltd., continues to hold a significant stake of 45.80% in the company[17]. - The controlling shareholder, China Nonferrous Metal Industry's Foreign Engineering and Construction Co., Ltd., holds 45.80% of the shares, totaling 201,916,800 shares, with 20,000,000 shares pledged[153][156]. - The actual controller of the company is the China Nonferrous Metal Mining Group Co., Ltd., which is a state-owned enterprise[157]. - The company has a total of 9 board members, including 3 independent directors, ensuring a balanced governance structure[188]. Legal and Compliance Matters - The company is involved in a significant lawsuit with a claim amount of 27,259,400 RMB, which has not yet been resolved[107]. - The company has been involved in multiple legal proceedings, with the latest ruling on September 21, 2018, where the court did not accept the claims from four companies against it[108]. - The company has fully accrued for bad debts amounting to 9,414,900 RMB related to accounts receivable[107]. - The company reported no significant internal control deficiencies during the reporting period[199]. Environmental and Social Responsibility - The company emphasizes the importance of social responsibility, focusing on safety production, environmental protection, and employee rights[134]. - The company received the ISO 14001 environmental management system certification in September 2018, indicating compliance with international environmental standards[143]. - The company reported no environmental pollution incidents during the reporting period, ensuring all emissions met national standards[139]. - The company invested CNY 30 million in 2008 for wastewater treatment and comprehensive recovery technology, achieving stable compliance in wastewater discharge[138]. Future Outlook and Strategic Goals - The company aims for a revenue target of 770 million yuan for 2019, focusing on enhancing the tantalum and niobium industry and developing new materials[81]. - The company is committed to high-quality development and innovation as part of its strategic goals for 2019[82]. - The company is focusing on strategic market expansion and enhancing product competitiveness to capture market potential[82]. - The company plans to enhance product quality and reduce costs in the tantalum powder sector, while also developing new products for various high-growth markets such as 5G and biomedical applications[82].

宁夏东方钽业股份有限公司 2018 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：2018-057 宁夏东方钽业股份有限公司 2018 年第三季度报告正文 1 宁夏东方钽业股份有限公司 2018 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。 公司负责人赵文通、主管会计工作负责人柴慧萍及会计机构负责人(会计主 管人员)柴慧萍声明：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） | 1,976,254,059.20 | 2,043,014,710.14 | | ...