Financial Performance - The company's operating revenue for Q1 2023 decreased by 50.92% to CNY 640,461,204.68 compared to CNY 1,304,890,452.81 in the same period last year[17]. - Net profit attributable to shareholders decreased by 56.63% to CNY 193,740,603.58 from CNY 446,735,755.04 year-on-year[17]. - The total operating revenue for Q1 2023 was ¥640,461,204.68, a decrease of 50.9% compared to ¥1,304,890,452.81 in the same period last year[33]. - Net profit for Q1 2023 was ¥193,740,603.58, a decline of 56.5% compared to ¥446,735,255.30 in Q1 2022[35]. - Total comprehensive income for the first quarter of 2023 was CNY 193,740,603.58, compared to CNY 446,735,755.04 in the previous period[50]. - Basic and diluted earnings per share for the current period were CNY 0.13, down from CNY 0.30 in the previous period[50]. Cash Flow - The net cash flow from operating activities turned negative at CNY -266,356,722.50, a decrease of 155.99% compared to CNY 475,721,387.14 in the previous year[17]. - Net cash flow from operating activities was CNY -266,356,722.50, a decrease from CNY 475,721,387.14 in the previous period[50]. - Cash received from sales of goods and services was CNY 576,472,296.16, down from CNY 1,493,491,059.45 in the previous period[50]. - Total cash outflow from operating activities was CNY 952,679,512.70, compared to CNY 1,114,968,636.06 in the previous period[50]. - Cash paid for purchasing goods and services was CNY 690,628,405.57, an increase from CNY 634,256,093.27 in the previous period[50]. - Cash paid for employee compensation was CNY 127,849,604.38, compared to CNY 122,255,194.71 in the previous period[50]. - Cash inflow from investment activities totaled CNY 270,292,161.98, compared to CNY 2,514,814.83 in the previous period[51]. - Net cash flow from financing activities was CNY 371,665,667.49, an improvement from CNY -27,374,491.93 in the previous period[51]. - The ending balance of cash and cash equivalents was CNY 1,846,867,191.79, compared to CNY 786,481,926.57 at the end of the previous period[51]. Assets and Liabilities - The company’s total assets increased by 4.93% to CNY 11,524,577,869.51 from CNY 10,983,287,664.42 at the end of the previous year[17]. - The total liabilities increased to ¥5,178,168,630.26 in Q1 2023 from ¥4,777,881,590.34 in the previous year, reflecting a growth of 8.4%[33]. - The company’s total liabilities increased to approximately 4.68 billion RMB, up from 4.30 billion RMB, reflecting an increase of about 9%[46]. - The total equity attributable to shareholders of the parent company rose to ¥6,346,409,239.25, up from ¥6,205,406,074.08, indicating an increase of 2.3%[33]. Inventory and Receivables - The company produced 783,500 tons of iron concentrate, a decrease of 12,300 tons year-on-year, primarily due to quality improvement upgrades at the Shujigou Iron Mine[7]. - The average selling price of iron concentrate was CNY 1,028 per ton, down 4% year-on-year, while the average selling price of pellets was CNY 1,116 per ton, down 14.7%[13]. - Accounts receivable increased by 78.09% compared to the end of the previous year, mainly due to an increase in receivables within the credit period[12]. - The company’s inventory of iron concentrate increased by 300,000 tons year-on-year, reaching 410,000 tons at the end of the reporting period[13]. - Accounts receivable increased significantly to approximately 380.83 million RMB, up from 213.84 million RMB, reflecting an increase of about 78%[44]. - The company reported a significant increase in prepayments, which rose to approximately 587.78 million RMB from 68.92 million RMB, marking an increase of over 750%[44]. - The company’s inventory increased to approximately 682.76 million RMB, up from 568.62 million RMB, indicating a rise of about 20%[44]. Investments and Acquisitions - The company plans to invest no less than ¥15.2 billion in the Yangzhong mineral processing and commodity trading base project, which includes a 15 million tons/year throughput terminal and a 6.25 million tons/year ore selection project[41]. - The company acquired 100% equity of Inner Mongolia Jinhui Rare Mineral Co., Ltd[30]. - The company obtained 80% equity and part of the debt of Chenzhou City Chengtai Mining Investment Co., Ltd[29]. - The company acquired 80% of the equity of Chenzhou Chengtai Mining Investment Co., Ltd. for 17 million RMB, securing control over lithium-rich resources in Hunan Province[42]. - The company completed the acquisition of 100% of Inner Mongolia Jinhui Rare Minerals Co., Ltd. for 1.1 billion RMB, making it a wholly-owned subsidiary[43]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 59,516[23]. - The largest shareholder, Zhongxing Group Co., Ltd, holds 48.38% of the shares[24]. - The actual controllers of the company are Lin Lairong and An Sumei, who collectively hold 100% of the controlling shareholder Zhongxing Group Co., Ltd[24]. - The company issued 15.2 million convertible bonds with a total fundraising amount of RMB 152 million[26]. - The company has repurchased 3,956,762 shares, accounting for 0.26% of the total share capital, with a total transaction amount of ¥52,648,987[40]. - The company plans to repurchase shares using self-owned funds ranging from RMB 200 million to RMB 300 million, with a maximum repurchase price of RMB 20 per share, expecting to buy back 10 million to 15 million shares[27][28]. Research and Development - Research and development expenses for Q1 2023 were ¥20,513,260.42, down 18.5% from ¥25,216,632.57 in the same period last year[33]. - The company is advancing its lithium extraction and processing projects in Linwu County, aligning with its overall strategic goals in the lithium energy sector[42]. - The company plans to proceed with geological exploration and mining rights extension in the Jijiao Mountain area, which is part of its strategic direction in lithium mining[43].

| 证券代码：001203 | 证券简称：大中矿业 | 公告编号：2023-034 | | --- | --- | --- | | 债券代码：127070 | 债券简称：大中转债 | | 内蒙古大中矿业股份有限公司 关于举行2022年年度报告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。 内蒙古大中矿业股份有限公司（以下简称"公司"）定于2023年4月12日 （星期三）下午15:00至17:00在全景网举办2022年度业绩说明会，本次年度业 绩说明会将采用网络远程的方式举行，投资者可登陆全景网"投资者关系互动 平台"（http://ir.p5w.net）参与本次年度业绩说明会。 出席本次说明会的人员有：公司董事长牛国锋先生、财务总监王福昌先 生、独立董事王丽香女士和保荐代表人胡静静女士。 为充分尊重投资者、提升交流的针对性，现就公司 2022 年度业绩说明会提 前向投资者公开征集问题，广泛听取投资者的意见和建议。投资者可于 2023 年 4 月 7 日（星期五）15:00 前访问 http://ir.p5w.net/zj/，或扫描下方二维 ...

Mining Operations and Resources - The company has a total iron ore reserve of 522 million tons, with an average TFe grade of not less than 28.87%, of which 80.04% has a grade of 28.87% or higher[14]. - The company has increased its iron ore resource by 3.6761 million tons with an average grade of 24.03% through exploration activities[13]. - The company’s iron concentrate production volume, including self-used pellet production, was approximately 1,292,244.10 tons[23]. - The company produced 3.223 million tons of iron concentrate and 2.178 million tons of pellets, achieving a total revenue of 4.058 billion yuan, with iron concentrate contributing 1.765 billion yuan and pellets contributing 2.135 billion yuan[41]. - The company plans to increase iron ore production capacity from 4.5 million tons/year to 7.5 million tons/year for the re-collected iron ore project and from 4.5 million tons/year to 6.5 million tons/year for the Zhou Youfang iron ore project[108]. Financial Performance - The company reported a net profit of 977 million yuan for the year, translating to earnings per share of 0.65 yuan[41]. - The investment amount for the reporting period was 719,987,150.43 yuan, a decrease of 6.68% compared to the previous year's investment of 771,493,540.59 yuan[38]. - The company’s cash flow from operating activities decreased year-on-year due to reduced cash receipts from product sales caused by market price declines[36]. - The company’s financial expenses decreased by 28.28% year-on-year, attributed to a reduction in loans and interest expenses[51]. - The company reported a total of 227,002,854 in its financial disclosures, indicating significant operational scale[159]. Research and Development - The company has a total of 242 patents, reflecting its commitment to technological innovation and research[16]. - The company’s workforce in research and development accounts for 11.15% of its total employees, indicating a strong focus on innovation[33]. - The company aims to improve resource recovery rates and reduce production costs through ongoing research and development projects[29]. - The research on the automated control of grinding and selection processes has been completed, which is expected to enhance equipment efficiency and reduce production costs[53]. - R&D investment amounted to ¥122,181,249.91 in 2022, an increase of 4.29% from ¥117,150,112.70 in 2021, with R&D expenses accounting for 3.01% of revenue, up from 2.39%[56]. Strategic Initiatives - The company is actively pursuing the development of intelligent mining and automation upgrades to enhance operational efficiency and competitiveness[4]. - The company is focusing on industrial intelligence upgrades and has established deep cooperation with leading enterprises, including Shanghai Baoxin Software Co., to enhance production and operational intelligence[42]. - The company is exploring market expansion opportunities and potential mergers and acquisitions[96]. - The company is focusing on expanding its presence in the new energy sector, particularly in lithium mining, while continuing to optimize its iron ore processing and trading operations[108]. - The company is committed to addressing potential risks related to project progress and is actively seeking quality opportunities in the iron ore and lithium mining sectors[112]. Corporate Governance - The company maintains effective communication with investors through various channels, ensuring timely and accurate information disclosure[124]. - The company’s governance structure complies with the requirements set by the China Securities Regulatory Commission and the Shenzhen Stock Exchange[141]. - The governance structure includes a shareholders' meeting as the highest authority, a board of directors for decision-making, and a supervisory board for oversight, ensuring autonomous decision-making[154]. - The company has established four specialized committees under the board of directors to provide professional opinions for decision-making[121]. - The company is committed to maintaining a robust corporate governance framework to ensure transparency and accountability in its operations[154]. Employee and Management Changes - The company has achieved a 11% increase in undergraduate recruitment from 100 to 111 in 2022 compared to 2021[55]. - The company experienced changes in its management team, with the resignation of key personnel including the general manager and independent directors due to personal reasons[162][160]. - The company appointed Lin Pushing as the new General Manager on March 1, 2023[179]. - The company has a diverse management team with extensive experience in the mining and resource sectors, contributing to its strategic direction[166]. - The company is focusing on protecting stakeholder rights and promoting sustainable development[174]. Environmental and Safety Initiatives - The company is committed to safety and environmental protection as a core principle[85]. - The company emphasizes safety production and environmental governance, aiming to reduce operational risks and enhance workplace safety[134]. - The ecological restoration project for the Huoshishan site has been completed, which is expected to restore approximately 60 hectares of abandoned mining pits[54]. - The company aims to improve tunnel construction quality and safety through research on blasting technology, which is expected to reduce production costs and enhance operational efficiency[41]. - The project on the preparation of solid waste cementing filling materials has entered the small trial stage, aiming to reduce costs and carbon emissions by utilizing industrial waste[54].

Financial Performance - The company reported a significant increase in performance, with a projected growth of over 800% in the first half of 2021 compared to the previous year [12][71]. - The average cost of extracting iron ore is approximately 257.29 RMB per ton for 2020 [10][42]. - The company’s iron ore production volume in 2020 was 5.2772 million tons, with a production of iron concentrate at 2.3613 million tons [6][22]. Production Capacity and Expansion - The company plans to expand its iron ore extraction capacity to approximately 15 million tons per year, with existing mining capabilities of 6.2 million tons per year and a planned capacity of 9 million tons per year from new projects [9][18]. - The company has a total iron ore reserve of 52,245.28 million tons, as recorded by the land resource management department [15][7]. Market Conditions - The iron ore market is currently experiencing high prices, influenced by global economic recovery post-pandemic, leading to increased demand and price fluctuations [3][6]. - The company’s main products, iron concentrate and pellets, are subject to international pricing mechanisms, primarily based on the Platts index [17][31]. Environmental and Safety Measures - The company emphasizes environmental protection during mining operations, implementing various measures to manage pollution and ensure compliance with national policies [4][10]. - Safety in production is prioritized, with strict adherence to national regulations and comprehensive safety training for all employees [5][10]. Investor Relations and Corporate Governance - The company maintains transparency with investors, regularly updating them on financial performance and operational developments through periodic reports [12][56]. - There are no undisclosed significant events affecting stock performance, and the company adheres to legal requirements for information disclosure [3][12]. Strategic Initiatives - The company is considering the establishment of a trading company in Hainan to facilitate import trade and risk hedging [5][15]. - Future plans include exploring opportunities in other mineral resources while focusing on core iron ore operations [9][16].

Financial Performance - The company's operating revenue for Q3 2022 was CNY 995.49 million, a decrease of 35.60% compared to CNY 1,545.75 million in the same period last year[3]. - Net profit attributable to shareholders for Q3 2022 was CNY 179.60 million, down 66.46% from CNY 535.53 million year-on-year[3]. - Basic earnings per share for Q3 2022 were CNY 0.12, a decline of 66.67% compared to CNY 0.36 in the previous year[5]. - The total profit decreased by 35.18% compared to the same period last year, primarily due to a decline in product prices[13]. - Net profit decreased by 34.72% year-on-year, attributed to lower product prices[13]. - Operating cash flow decreased by 30.10% year-on-year, mainly due to increased cash payments for goods and services[13]. - The company's operating profit for Q3 2022 was CNY 1.11 billion, compared to CNY 1.71 billion in the same period last year, reflecting a decrease of around 34.9%[25]. - The net profit attributable to shareholders of the parent company for Q3 2022 was CNY 932.48 million, down from CNY 1.43 billion in Q3 2021, indicating a decline of approximately 34.7%[26]. - The basic earnings per share for Q3 2022 were CNY 0.62, down from CNY 1.01 in Q3 2021, reflecting a decrease of about 38.6%[26]. Cash Flow and Liquidity - Cash flow from operating activities for the year-to-date period was CNY 1.23 billion, reflecting a decrease of 30.10% compared to CNY 1.76 billion in the same period last year[5]. - The company reported a 300.21% increase in cash and cash equivalents at the end of the period, primarily due to increased operating cash flow and financing from convertible bonds[9]. - The total cash inflow from financing activities in Q3 2022 was CNY 2.35 billion, compared to CNY 3.50 billion in Q3 2021, representing a decline of approximately 32.9%[30]. - The company recorded a net cash outflow from investing activities of CNY 272.48 million in Q3 2022, a slight improvement from a net outflow of CNY 275.03 million in Q3 2021[30]. - Net cash flow from financing activities was CNY 899,162,637.40, a significant improvement from a net outflow of CNY 383,375,835.22[32]. - The net increase in cash and cash equivalents for the period was CNY 1,857,578,526.59, up from CNY 1,102,616,585.17 in the previous period[32]. - The beginning balance of cash and cash equivalents was CNY 522,847,086.33, compared to CNY 112,310,258.69 at the start of the previous period[32]. - The ending balance of cash and cash equivalents reached CNY 2,380,425,612.92, significantly higher than CNY 1,214,926,843.86 in the previous period[32]. Assets and Liabilities - The company's total assets increased by 26.38% to CNY 10.56 billion from CNY 8.35 billion at the end of the previous year[5]. - Total current liabilities were ¥1,510,756,395.44, down from ¥1,674,790,408.43, reflecting a decrease of approximately 9.8%[22]. - Long-term borrowings stood at ¥1,414,632,300.55, a decrease from ¥1,584,238,175.00, showing a reduction of about 10.7%[22]. - The company's total liabilities reached ¥4,304,052,522.79, compared to ¥3,361,101,128.69, marking an increase of approximately 28.0%[22]. - The total equity attributable to shareholders was ¥6,253,376,154.33, up from ¥4,992,449,984.55, indicating an increase of approximately 25.3%[22]. - Long-term payables increased by 100% year-on-year, primarily due to the issuance of convertible bonds[13]. Expenses and Investments - Financial expenses decreased by 37.49% year-on-year, resulting from reduced bank loan principal and interest[13]. - Investment income increased by 100.00% year-on-year, driven by higher cash management returns[13]. - Research and development expenses for Q3 2022 were CNY 89.40 million, a slight decrease from CNY 93.34 million in Q3 2021, down by about 4.0%[25]. - Sales expenses decreased by 94.44% year-on-year, as transportation costs were reclassified into operating costs[13]. - The total operating cost for Inner Mongolia Dazhong Mining Co., Ltd. in Q3 2022 was approximately CNY 2.59 billion, an increase from CNY 2.15 billion in Q3 2021, representing a growth of about 20.1%[25]. Other Financial Information - Non-operating income for the current period was negative CNY 588,058.18, reflecting various losses and expenses[6]. - The company has not reclassified any non-recurring gains and losses as recurring items, maintaining compliance with disclosure regulations[8]. - Deferred income increased by 151.68% year-on-year, mainly due to government subsidies received[13]. - The company issued convertible bonds totaling RMB 1.52 billion, with a net fundraising amount of RMB 1.50 billion after deducting issuance costs[17]. - The company experienced a 206.71% reduction in credit impairment losses, due to the reversal of previously accrued bad debt provisions[13]. - The third quarter report was not audited[33].

Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.2 billion CNY for the first half of 2022, representing a year-on-year growth of 15%[2] - The company's operating revenue for the reporting period was ¥2,674,368,844.56, representing a 16.59% increase compared to the previous year[30] - The net profit attributable to shareholders of the listed company was ¥752,878,658.57, a decrease of 15.81% from the previous year[30] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥740,437,394.32, down 16.87% year-on-year[30] - The net cash flow from operating activities was ¥680,964,134.37, a decline of 40.19% compared to the previous year[30] - Basic earnings per share decreased by 24.24% to ¥0.50 from ¥0.65 in the same period last year[30] - The gross profit margin for the iron ore selection industry was 47.14%, down 17.48% year-on-year due to increased costs[62] User and Market Growth - User data showed an increase in active users, reaching 500,000, which is a 20% increase compared to the previous period[2] - The company is planning to expand its market presence in Southeast Asia, targeting a 30% increase in market share by the end of 2023[2] - The company has provided a positive outlook for the second half of 2022, projecting a revenue growth of 10% to 15%[2] Product Development and Capacity Expansion - New product development includes the launch of a high-efficiency mining technology, expected to enhance production capacity by 25%[2] - The company is actively pursuing expansion projects, including increasing pellet production capacity to 5.7 million tons/year upon completion of ongoing projects[42] - The approved mining capacity in Inner Mongolia is 6.2 million tons/year, with a total capacity of 9 million tons/year from additional projects in Anhui, enhancing the company's production capabilities[42] Risk Management - The company has identified key risks, including regulatory changes and market competition, and has outlined strategies to mitigate these risks[2] - The company has identified risks related to economic cycles and price fluctuations of iron ore and pellets, which are influenced by the steel industry and macroeconomic conditions[112] Environmental Management - The company has established a comprehensive environmental management system, including emergency response plans for environmental risks, with no incidents reported during the reporting period[133] - The company aims for a green mining operation with a greening coverage rate of over 80% in mining areas, recognized as a green factory by Inner Mongolia Autonomous Region[137] - The company has implemented pollution control measures, including SCR denitrification systems and high-efficiency dust removal systems, ensuring normal operation of environmental protection facilities[130] - The company has received environmental impact assessments and approvals for new projects, including a 120×10^4t/a pellet project and a 150 million t/a pellet project[133] Corporate Governance and Shareholder Relations - The company has established a governance structure that includes a shareholders' meeting, board of directors, and supervisory board to protect investor rights[138] - The company has committed to timely and accurate information disclosure to ensure all investors have equal access to company information[138] - The company held its annual general meeting with a participation rate of 77.12% on March 25, 2022[115] Investment and Financing - The company completed the issuance of convertible bonds, raising CNY 1.52 billion for various projects, including automation upgrades and working capital[59] - The company has a total of RMB 68,824 million committed to investment projects, with a cumulative investment of RMB 115,447.26 million[100] - The company has temporarily used 42,000,000 CNY of idle raised funds to supplement working capital as of June 30, 2022, out of a maximum approved amount of 45,000,000 CNY[1] Social Responsibility - The company donated 1.65 million yuan to the Red Cross during the pandemic and has contributed a total of 2.65 million yuan since the resurgence of COVID-19[141] - The company has actively supported education initiatives, providing scholarships and assistance to underprivileged students[142] Related Party Transactions - The company reported a total of 4,982.32 million yuan in related party transactions for purchasing roasted iron powder, accounting for 100% of similar transaction amounts[156] - The company also engaged in related party transactions for purchasing steam at an agreed price of 495.6 million yuan, which also accounted for 100% of similar transaction amounts[159]

Financial Performance - The company's operating revenue for Q1 2022 was CNY 1,304,890,452.81, representing a 77.94% increase compared to CNY 733,333,387.11 in the same period last year[3]. - Net profit attributable to shareholders was CNY 446,735,755.04, up 27.04% from CNY 351,637,723.81 year-on-year[3]. - Operating profit for the period was CNY 535,377,916.81, an increase of 41.5% compared to CNY 378,657,269.21 in the previous year[26]. - The total profit for the first quarter is approximately CNY 532.98 million, an increase from CNY 379.58 million in the previous year, representing a growth of 40.5%[28]. - The net profit for the first quarter is approximately CNY 446.74 million, compared to CNY 351.64 million in the same period last year, reflecting a year-on-year increase of 27%[28]. - The basic and diluted earnings per share for the first quarter are both CNY 0.30, up from CNY 0.27 in the previous year[31]. Cash Flow - The net cash flow from operating activities increased by 44.56% to CNY 475,721,387.14, compared to CNY 329,072,338.74 in the previous year[3]. - Cash inflow from operating activities totaled approximately CNY 1.59 billion, significantly higher than CNY 833.89 million in the previous year, marking an increase of 90.1%[32]. - The net cash flow from operating activities is approximately CNY 475.72 million, compared to CNY 329.07 million in the same period last year, indicating a growth of 44.5%[34]. - The net cash flow from financing activities increased by 85.74%, mainly due to the receipt of short-term bank loans[10]. - The net cash flow from financing activities was negative CNY 27.37 million, an improvement from negative CNY 192.02 million in the previous year[34]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 8,855,859,275.97, a 6.01% increase from CNY 8,353,550,747.47 at the end of the previous year[3]. - Net assets increased to CNY 5,441,590,917.01, up from CNY 4,992,449,618.78, reflecting a growth of 9.0%[24]. - Current liabilities totaled CNY 1,810,946,479.49, an increase of 8.1% from CNY 1,674,790,408.43[24]. - Long-term borrowings decreased to CNY 1,483,236,674.58 from CNY 1,584,238,175.00, a reduction of 6.4%[24]. - The total liabilities amounted to CNY 3,414,268,358.96, compared to CNY 3,361,101,128.69, showing an increase of 1.6%[24]. Operating Costs and Expenses - The company's operating costs surged by 210.46%, primarily due to increased sales volume and a higher proportion of costlier products sold[8]. - Total operating costs amounted to CNY 777,707,691.63, up 113.3% from CNY 365,464,162.95 year-on-year[26]. - Research and development expenses for the quarter were CNY 25,216,632.57, up from CNY 20,434,722.86, reflecting a growth of 23.5%[26]. - The company reported a tax and additional expenses of CNY 53,138,841.82, compared to CNY 37,826,293.18, an increase of 40.4%[26]. Shareholder Information - Total number of common shareholders at the end of the reporting period was 67,931[12]. - The largest shareholder, Zhongxing Group Co., Ltd., holds 48.38% of shares, totaling 729,524,400 shares[12]. Investments and Projects - The company plans to implement a 1.5 million tons/year pellet project with a total investment of ¥502.8 million[16]. - The company increased its investment in Anhui Jinri Sheng Mining Co., Ltd. by ¥1.1 billion through a debt-to-equity swap, raising its registered capital from ¥1 billion to ¥2.1 billion[18]. - The company received a mineral resource exploration license for a mining area of 3.8888 square kilometers, valid until March 10, 2027[16]. Other Information - The company received government subsidies amounting to CNY 3,651,341.74 during the reporting period[5]. - The company reported a significant increase in receivables, with notes receivable rising by 460.54% compared to the previous year-end[6]. - Accounts receivable decreased to ¥181,896,750.63 from ¥226,527,365.65, a decline of about 19.7%[19]. - Inventory increased to ¥435,555,897.86 from ¥377,069,993.59, reflecting an increase of approximately 15.5%[19]. - The company has not disclosed any related party transactions among the top ten shareholders[14]. - The company has completed the feedback response for its public offering of convertible bonds as of March 17, 2022[15]. - The company has not undergone an audit for the first quarter report[36]. - The report was released by the board of directors on April 22, 2022[37].