Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB for the year 2022, representing a growth of 15% compared to the previous year[1]. - The net profit for 2022 was recorded at 200 million RMB, which is an increase of 10% year-on-year[1]. - The company's operating revenue for 2022 was ¥1,968,690,824.27, representing a 7.89% increase compared to ¥1,824,660,549.09 in 2021[22]. - The net profit attributable to shareholders was -¥236,473,503.08 in 2022, a significant decline of 873.43% from ¥30,574,555.32 in 2021[22]. - The cash flow from operating activities was -¥90,852,390.29, down 162.94% from ¥144,351,711.42 in 2021[23]. - The basic earnings per share for 2022 was -¥0.73, a decrease of 911.11% from ¥0.09 in 2021[23]. - Total assets at the end of 2022 were ¥2,494,667,926.74, a 5.70% increase from ¥2,360,115,268.31 at the end of 2021[23]. - The net assets attributable to shareholders decreased by 15.88% to ¥1,234,915,420.42 at the end of 2022 from ¥1,468,067,739.68 at the end of 2021[23]. - The company reported a significant increase in non-operating losses, including legal fees and compensation claims, amounting to -¥44,531,625.52 in 2022[28]. - The company reported a significant increase in other income to CNY 2,408,400, compared to a loss of CNY 1,025,500 in the previous year, marking a 334.85% increase[59]. Market and Product Development - User data indicates a rise in customer base by 20%, reaching a total of 500,000 active users by the end of 2022[1]. - The company plans to expand its market presence by entering two new provinces in 2023, aiming for a 25% increase in market share[1]. - New product development includes the launch of a zinc alloy product line, expected to contribute an additional 50 million RMB in revenue in 2023[1]. - Future guidance suggests a revenue target of 1.5 billion RMB for 2023, reflecting a growth rate of 25%[1]. - The company plans to expand its market presence and enhance product offerings, focusing on new technologies and product development[59]. Operational Challenges and Risks - Risks identified include fluctuations in metal prices and environmental regulations, which may impact operational costs[1]. - The company has no plans for mergers or acquisitions in the near term, focusing instead on organic growth strategies[1]. - The global lead and zinc production faced challenges in 2022, with lead concentrate production down 2.1% and zinc concentrate production down 3.1% year-on-year[33]. - The Chinese lead-zinc industry is expected to face challenges due to weak consumption in traditional sectors like infrastructure and real estate, despite some growth in new areas[39]. Environmental and Regulatory Compliance - The company is subject to environmental protection regulations as a key pollutant discharge unit, indicating ongoing compliance with local policies[186]. - The company has implemented measures to ensure that all pollutant emissions remain within the limits specified in the pollution discharge permit[192]. - The company’s operations are governed by various national and local environmental protection laws and regulations, ensuring compliance with environmental standards[188]. - The company has established a framework for environmental impact assessment and management in line with national policies[188]. - The company is committed to continuous improvement in its environmental performance and pollution control measures[192]. Governance and Management - The company has established a clear and independent asset structure, with no assets occupied by controlling shareholders or related parties[130]. - The company has established an independent financial department and accounting system, ensuring no interference from controlling shareholders in financial decisions[131]. - The company has three independent directors, constituting one-third of the board, ensuring compliance with legal and regulatory requirements[123]. - The company emphasizes social responsibility, actively engaging in poverty alleviation and supporting community development initiatives[126]. - The company is focused on maintaining strong governance through the election of qualified board members and supervisors[138]. Employee and Talent Management - The company has a comprehensive employee performance evaluation and incentive mechanism to attract and retain talent[125]. - The company has implemented various training programs to improve employee skills and competencies, focusing on strategic planning and talent development[175]. - The company reported a total of 1,820 employees at the end of the reporting period, with 1,681 in the parent company and 139 in major subsidiaries[171]. - The employee composition includes 1,443 production personnel, 236 technical personnel, and 19 sales personnel[171]. Financial Strategy and Investments - The company will not distribute cash dividends for the fiscal year 2022, opting to reinvest profits into business expansion[1]. - The company plans to apply for comprehensive credit financing from banks in 2022[163]. - The company plans to increase the comprehensive financing credit limit with Qujing Commercial Bank[164]. - The company aims to achieve an operating revenue of between 1.9 billion and 2.4 billion in 2023, focusing on turning losses into profits[108]. Technological Innovation - The company is focusing on technological innovations to enhance the extraction of precious metals from raw materials, aiming to diversify its product offerings[53]. - The company is committed to technological innovation and process improvement to enhance product quality and increase research and development investment[110]. - The company is exploring new technologies for further reducing emissions and improving operational efficiency[199].

（问题征集专题页面二维码） 云南罗平锌电股份有限公司 关于举行 2022 年度业绩说明会的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，对公告的虚假 记载、误导性陈述或重大遗漏负连带责任。 云南罗平锌电股份有限公司（以下简称"公司"）定于 2023 年 4 月 14 日（星 期五）15：00—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，投资者可登录全景网"投资者关系互动平台" （http://rs.p5w.net/c/002114.shtml）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（总经理）李尤立先生，副总经理、董事会秘书杨忠 明先生，财务总监张金美女士，独立董事方自维先生（如存在特殊情况，公司将根 据实际情况调整出席人员）。 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 13 日（星期四）15：00 前访问 http://ir.p5w.net/zj/，或扫描下方二维 码，进入问题征集专题页面。 公司将在 2 ...

Financial Performance - Revenue for Q3 2022 was CNY 578,617,420.64, a decrease of 10.38% compared to the same period last year[5] - Net profit attributable to shareholders was a loss of CNY 45,989,084.99, down 273.95% year-on-year[5] - Basic and diluted earnings per share were both CNY -0.1400, reflecting a decline of 255.56% compared to the previous year[5] - Operating profit decreased by 198.26% to a loss of RMB 74,803,397.96, attributed to mining difficulties and reduced metal grades[14] - Net profit fell by 292.53% to a loss of RMB 121,159,485.39, significantly impacted by increased raw material procurement costs and reduced production[14] - Total operating revenue for the period was CNY 1,514,312,531.57, a decrease of 7.6% compared to CNY 1,639,694,454.88 in the previous period[32] - Total operating costs increased to CNY 1,603,092,914.43, up 2.8% from CNY 1,572,390,091.86 in the previous period[32] - Net loss for the period was CNY -121,159,485.39, compared to a net profit of CNY 62,929,193.32 in the previous period[34] - Basic and diluted earnings per share were both CNY -0.37, compared to CNY 0.18 in the previous period[35] Assets and Liabilities - Total assets increased to CNY 2,598,186,834.86, representing a growth of 10.09% from the end of the previous year[5] - The company's total liabilities increased to CNY 1,188,091,519.52, up from CNY 854,851,469.15 in the previous period[32] - Total equity attributable to shareholders decreased to CNY 1,351,613,151.17 from CNY 1,468,067,739.68 in the previous period[32] - The total current assets increased to CNY 801.06 million from CNY 659.97 million, reflecting a growth of approximately 21.36%[30] - The total assets increased to CNY 2.60 billion from CNY 2.36 billion, representing a growth of about 10.12%[30] Cash Flow - The company reported a significant decrease in cash flow from operating activities, with a net cash flow of CNY 3,672,656.50, down 98.35% year-to-date[5] - Cash flow from operating activities plummeted by 98.35% to RMB 3,672,656.50, mainly due to rising zinc prices and increased procurement costs[20] - The cash inflow from operating activities totaled CNY 1,818,811,492.58, a slight decrease from CNY 1,828,966,859.71 in the previous period[38] - The net cash outflow from operating activities was CNY 3,672,656.50, significantly lower than CNY 222,814,056.57 in the previous period[38] - The company reported a significant increase in cash flow from investing activities, which rose by CNY 56.15 million, an increase of 44.00% year-on-year[12] - The cash inflow from financing activities reached CNY 751,479,926.14, up from CNY 468,413,445.96 in the previous period[39] - The net cash inflow from financing activities was CNY 55,497,107.08, a recovery from a net outflow of CNY 92,264,487.94 in the previous period[39] Inventory and Expenses - Inventory rose to CNY 391,080,453.41, an increase of 54.95% compared to the beginning of the period, attributed to higher raw material prices[9] - The company’s retained earnings decreased by 30.17% to CNY -512,974,780.58, mainly due to losses from investor litigation and a sharp decline in zinc product gross margins[10] - Research and development expenses for the period were CNY 3,384,477.81, slightly up from CNY 3,063,912.66 in the previous period[32] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 36,521, with the largest shareholder, Luoping Zinc & Electricity Company, holding 27.40% of shares[26] - The company has no preferred shareholders and no significant changes in shareholder structure were reported[28] Investment Income - Other income increased by 207.13% to RMB 2,055,276.35 compared to the previous year, primarily due to the return of funds related to a soil pollution risk control project[13] - Investment income rose by 122.66% to RMB 16,496,753.05, driven by increased profitability of associated companies[13] - Profit from investments in joint ventures surged by 376.32% to RMB 15,682,906.90, reflecting improved earnings from equity investments[13] - The company reported an investment income of CNY 16,496,753.05, an increase from CNY 7,408,790.66 in the previous period[32] - The company’s cash inflow from investment income was CNY 4,640,000.00, compared to CNY 2,220,000.00 in the previous period[38]

Financial Performance - The company's operating revenue for the first half of 2022 was approximately ¥935.70 million, a decrease of 5.87% compared to ¥994.04 million in the same period last year[21]. - The net loss attributable to shareholders was approximately ¥72.90 million, representing a decline of 320.06% from a profit of ¥33.13 million in the previous year[21]. - Basic and diluted earnings per share were both -¥0.23, a decrease of 330.00% from ¥0.10 in the previous year[21]. - The net profit attributable to shareholders for the reporting period was -72.90 million yuan, a decrease of 320.06% compared to the same period last year, primarily due to reduced sales of high-margin products like germanium concentrate and silver concentrate[36]. - The company reported a significant decline in trade revenue, which fell by 95.30% to ¥9,450,618.97 from ¥201,050,113.66 year-on-year[44]. - The company reported a net loss of CNY 76.31 million for the first half of 2022, compared to a net profit of CNY 34.64 million in the same period of 2021, marking a significant decline[179]. - The overall comprehensive income for the first half of 2022 was CNY -76.31 million, compared to CNY 36.04 million in the same period of 2021[179]. Cash Flow and Liquidity - The net cash flow from operating activities increased by 185.29% to approximately ¥48.46 million, compared to ¥16.99 million in the same period last year[21]. - The company reported a significant increase in cash flow from operations, indicating improved operational efficiency despite the net loss[21]. - Cash and cash equivalents increased to 357,237,362.83, accounting for 14.10% of total assets, up from 11.33% the previous year[50]. - The cash flow from operating activities for the parent company was CNY 46,632,933.74, down from CNY 78,139,240.20 in the previous year, indicating a need for operational adjustments[189]. - The total cash and cash equivalents at the end of the period reached CNY 263,355,424.26, compared to CNY 242,969,434.83 at the end of the first half of 2021, showing a positive liquidity position[187]. Assets and Liabilities - Total assets at the end of the reporting period were approximately ¥2.53 billion, an increase of 7.38% from ¥2.36 billion at the end of the previous year[21]. - The net assets attributable to shareholders decreased by 5.11% to approximately ¥1.39 billion from ¥1.47 billion at the end of the previous year[21]. - The company's total liabilities reached CNY 1,107,370,841.43, up from CNY 854,851,469.15, reflecting an increase of approximately 29.5%[172]. - Current liabilities rose to CNY 882,685,943.57, compared to CNY 712,832,943.43 at the start of the year, indicating an increase of about 23.83%[172]. Operational Efficiency and Costs - Operating costs decreased slightly by 0.48% to ¥868,203,367.84 from ¥872,369,479.56 year-on-year[42]. - The gross profit margin for the non-ferrous metal smelting segment decreased by 9.11% to 5.66% compared to the previous year[46]. - The company experienced a significant increase in operating expenses, with total operating expenses rising to CNY 37.81 million from CNY 0.81 million year-on-year[179]. - The company reported a significant inventory write-down of 19.08 million yuan due to a decline in zinc prices, impacting overall profitability[36]. Strategic Initiatives and Future Outlook - The management highlighted ongoing challenges in the market but remains focused on strategic adjustments to enhance future performance[29]. - The company plans to focus on improving operational efficiency and exploring new market opportunities in the upcoming quarters[179]. - Future guidance indicates a cautious outlook due to market volatility and operational challenges[197]. Environmental and Social Responsibility - The company emphasizes environmental sustainability by recycling waste materials and reducing emissions through its clean production processes[38]. - The company has implemented measures to ensure that emissions of volatile organic compounds do not exceed 120 mg/m3[80]. - The company has invested over 1.24 million yuan directly in poverty alleviation efforts since 2016, with an additional 1.45 million yuan coordinated from other sources[106]. - Employment training has been conducted for over 800 individuals, with 112 registered impoverished households participating in external work, generating an estimated income of over 4.5 million yuan[111]. Legal and Compliance Issues - The company faced legal challenges, with a total of 885 individual investors claiming damages amounting to approximately 158.51 million due to alleged false statements[68]. - The company is currently involved in 189 lawsuits related to securities false statements, which may impact future financial liabilities[125]. - The company has recognized a provision for estimated liabilities of CNY 26,850,800.00 for ongoing litigation cases[122]. - The company is actively monitoring the legal proceedings and will disclose further updates as necessary[125].

云南罗平锌电股份有限公司 2022 年第一季度报告全文 证券代码：002114 证券简称：罗平锌电 公告编号：2022-044 云南罗平锌电股份有限公司 2022 年第一季度报告 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。 重要内容提示: 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、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。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、完整。 3.第一季度报告是否经过审计 □ 是 √ 否 一、主要财务数据 (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） | 424,878,712.11 | 400,677,869.40 | 6.04% | | 归属于上市公司股东的净利润（元） | -44,374,787.17 ...

Financial Performance - The company's operating revenue for 2021 was ¥1,824,660,549.09, representing a 5.93% increase compared to ¥1,722,517,785.81 in 2020[22] - The net profit attributable to shareholders of the listed company for 2021 was ¥30,574,555.32, an increase of 124.01% compared to a loss of ¥127,336,221.24 in 2020[23] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥50,792,379.75, up 143.20% from a loss of ¥117,578,383.59 in the previous year[23] - The net cash flow from operating activities reached ¥144,351,711.42, representing a 180.99% increase from ¥51,373,422.98 in 2020[23] - The basic earnings per share for 2021 was ¥0.09, a 123.08% improvement from a loss of ¥0.39 per share in 2020[23] - Total assets at the end of 2021 were ¥2,360,115,268.31, a slight decrease of 0.07% from ¥2,361,747,772.22 at the end of 2020[23] - The net assets attributable to shareholders increased by 1.90% to ¥1,468,067,739.68 from ¥1,440,651,083.53 at the end of 2020[23] - The company reported a significant increase in investment income, rising to CNY 318.41 million, up 223.66% from a loss of CNY 257.49 million in 2020[54] - The company’s tax and additional charges increased by 37.57% to CNY 22.74 million, primarily due to higher VAT and resource taxes[54] - The company’s management expenses rose by 3.85% to CNY 125.46 million, attributed to increased retirement benefits[54] Business Operations - The company has expanded its business scope to include lead-zinc mining, exploration, processing, and trade, as well as sulfuric acid production and sales[21] - The company has a zinc ingot production capacity of 120,000 tons per year and a comprehensive utilization plant capable of processing 120,000 tons of leach residue annually[41] - The company’s sulfuric acid plant has an actual production capacity of 140,000 tons per year, contributing to the overall efficiency of the production process[41] - The company is actively pursuing acquisitions and integrations of mining assets to strengthen its resource base and improve raw material self-sufficiency[41] - The company is focusing on resource recycling and deep processing of the industrial chain to maximize resource value[95] - The company plans to explore and develop new mining projects to ensure stable and controllable mineral resource supply[95] Market and Industry Trends - The average price of zinc in 2021 was ¥22,579 per ton, reflecting a year-on-year increase of 22.1%[33] - The forecast for global zinc mine growth in 2022 is expected to be 2.2%, indicating a slowdown compared to 5% in 2021[35] - In 2021, global zinc consumption increased by 8.8%, with an expected consumption of 14.305 million tons in 2022, reflecting a year-on-year growth of 1.5%[36] - The demand for zinc is expected to grow due to increased infrastructure and automotive sector activities, supported by national strategic initiatives[52] Risk Management - The company has identified risks related to macroeconomic cycles, product price fluctuations, raw material risks, environmental risks, and safety production risks[6] - The company faces risks from macroeconomic fluctuations, which can impact zinc production and sales, affecting overall performance[105] - The current self-sufficiency rate for raw materials is approximately 25%-30%, with reliance on external markets for most production materials, increasing production costs if prices rise[106] - The company has implemented measures such as futures hedging and procurement bidding mechanisms to stabilize raw material prices and mitigate risks from market fluctuations[106] - Environmental regulations are becoming stricter, increasing the responsibility for pollution control and requiring enhanced environmental risk management[106] Governance and Compliance - The company has maintained a governance structure that complies with relevant laws and regulations, ensuring independent operation from its controlling shareholder[114] - The board of directors includes three independent directors, ensuring compliance with governance standards and protecting minority shareholder interests[115] - The company emphasizes social responsibility, focusing on welfare and environmental protection, and actively supports poverty alleviation initiatives[118] - The company maintains strict compliance with information disclosure regulations, ensuring transparency and fairness for all investors[119] - The company has established an independent financial department with a complete accounting system, ensuring no interference from controlling shareholders[122] Environmental Responsibility - The company is committed to energy conservation and resource utilization, aiming to develop a circular economy and strictly control pollutant emissions[106] - The company is focused on compliance with the technical specifications for non-ferrous metal industries, particularly in lead and zinc smelting[190] - The company has implemented measures to monitor and control emissions effectively, ensuring adherence to environmental regulations[191] - The overall strategy includes continuous improvement in emission control technologies and processes to minimize environmental impact[192] - The company is committed to sustainable practices in its operations, aligning with regulatory requirements and industry standards[193] Future Plans and Investments - The company plans to enhance its competitive edge by adopting smart mining and factory technologies as encouraged by national policies[51] - The company aims to produce 120,000 tons of sulfuric acid and 86,000 tons of zinc ingots in 2022, indicating a focus on expanding production capacity[96] - The company has allocated 100 million CNY for research and development in 2022, focusing on sustainable mining practices[146] - A strategic acquisition of a local mining company is anticipated to enhance resource availability and operational efficiency[146] - The company has set a performance guidance of 1.5 billion CNY in revenue for 2022, reflecting a growth target of 25%[146]

Financial Performance - Revenue for Q3 2021 reached CNY 645,657,997.90, an increase of 17.04% compared to the same period last year[3] - Net profit attributable to shareholders decreased by 34.40% to CNY 26,438,301.63 in Q3 2021, while year-to-date net profit increased by 153.37% to CNY 59,565,334.18[3] - Basic earnings per share for Q3 2021 was CNY 0.09, down 25.00% year-on-year, while year-to-date earnings per share increased by 151.43% to CNY 0.18[3] - The company's operating revenue increased by 51.96% year-on-year to approximately CNY 1.64 billion, driven by higher sales prices of zinc products and increased sales of germanium and silver concentrates[12] - Net profit reached approximately CNY 62.93 million, a significant increase of 156.76% compared to the previous year, attributed to the recovery in zinc prices and improved sales margins[12] - The company reported a net loss of CNY 365.09 million, an improvement from a loss of CNY 424.66 million in the previous period[30] - The net profit for the third quarter of 2021 was CNY 62,929,193.32, a significant recovery from a net loss of CNY 110,868,443.00 in the same period last year[32] - Operating profit reached CNY 76,129,146.35, compared to an operating loss of CNY 109,314,067.17 in the previous year[32] - The total comprehensive income for the quarter was CNY 64,332,068.32, recovering from a total comprehensive loss of CNY 110,868,443.00 in the prior year[33] Assets and Liabilities - Total assets at the end of Q3 2021 amounted to CNY 2,441,350,542.64, reflecting a 3.37% increase from the end of the previous year[3] - Total assets increased to CNY 2.44 billion, up from CNY 2.36 billion year-over-year[29] - Total current assets amounted to CNY 692,262,599.41 as of Q3 2021[39] - Total non-current assets reached CNY 1,669,485,172.81, contributing to a total asset value of CNY 2,361,747,772.22[39] - Current liabilities totaled CNY 755,696,296.39, with short-term borrowings at CNY 402,000,000.00[40] - Total liabilities were CNY 881,050,232.50, indicating a solid capital structure[40] - Owner's equity stood at CNY 1,480,697,539.72, with retained earnings showing a deficit of CNY 424,659,698.05[40] Cash Flow - The company reported a net cash flow from operating activities of CNY 222,814,056.57, a significant increase of 156.12% year-to-date[3] - Cash flow from operating activities increased by 156.12% year-on-year, primarily due to higher sales prices of zinc products and increased revenue from sales of germanium concentrate, silver concentrate, and sulfuric acid[4] - Cash received from investment income rose by 200% year-on-year, mainly due to increased dividends received from associated companies[4] - Cash paid for fixed assets, intangible assets, and other long-term assets increased by 115.98% year-on-year, attributed to investments in the sulfuric acid plant renovation and the agricultural development project of a wholly-owned subsidiary[4] - Net cash flow from investment activities decreased by 159.18% year-on-year, due to a reduction in cash inflow from investment activities and increased cash payments for fixed asset investments[4] - Cash received from financing activities increased by 80.38% year-on-year, primarily due to an increase in bank borrowings[4] - Cash paid for debt repayment increased by 128.39% year-on-year, mainly due to the repayment of bank loans and notes[4] - Net increase in cash and cash equivalents rose by 115.59% year-on-year, driven by a significant increase in cash flow from operating activities[4] Investments and Projects - The company plans to invest CNY 283.86 million in a new zinc-rich rapeseed project, leveraging over 1 million mu of planting area and an annual output exceeding 160,000 tons[25] - The company is actively advancing the new project, with related work progressing in an orderly manner[25] - The company has implemented a new leasing standard, resulting in an adjustment of CNY 450,000.05 to right-of-use assets[41] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 39,209[4] - The largest shareholder, Luoping Zinc Electric Company, holds 27.40% of the shares[4] Legal Matters - The company is currently involved in multiple litigation cases related to securities false statements, with a total claim amount of approximately 245.9 million yuan[4] Inventory and Costs - Inventory levels rose to CNY 295.97 million, compared to CNY 256.78 million in the previous period, indicating increased stock[28] - Operating costs rose by 37.62% year-on-year to approximately CNY 1.45 billion, primarily due to the increase in zinc prices and higher sales volumes of sulfuric acid, germanium concentrates, and silver concentrates[12] - The company reduced sales expenses by 87.32% year-on-year, primarily due to the reclassification of transportation costs into operating costs under new revenue recognition standards[12] - The gross profit margin improved due to higher sales of high-margin products such as germanium and silver concentrates, despite increased production costs[15] Audit and Reporting - The third quarter report for 2021 was not audited, which may affect the reliability of the financial data presented[42]

Financial Performance - The company's operating revenue for 2020 was CNY 1,722,517,785.81, a decrease of 7.72% compared to CNY 1,866,674,820.12 in 2019[17] - The net profit attributable to shareholders of the listed company was a loss of CNY 127,336,221.24, representing a decline of 598.08% from a profit of CNY 25,565,427.57 in 2019[17] - The net cash flow from operating activities was CNY 51,373,422.98, down 84.79% from CNY 337,662,898.05 in the previous year[17] - The basic earnings per share for 2020 was -CNY 0.39, a decrease of 587.50% compared to CNY 0.08 in 2019[17] - The company reported a weighted average return on net assets of -8.47% for 2020, down from 1.65% in 2019[18] - The net profit after deducting non-recurring gains and losses was also negative, indicating ongoing financial challenges[18] - Non-recurring gains and losses for 2020 totaled -9,757,837.65 CNY, compared to 15,595,123.35 CNY in 2019, indicating a significant shift in financial performance[24] - The company reported a significant decrease in other income, down 89.12% to 2.1754 million yuan from 19.9933 million yuan, due to reduced government subsidies[47] - The company reported a net profit attributable to shareholders of -127.34 million yuan for 2020, with a cash dividend distribution of 0.00%[118] - In 2019, the company had a net profit of 25.57 million yuan, also with a cash dividend distribution of 0.00%[118] Revenue Breakdown - The revenue from non-ferrous metal smelting was ¥1,598,672,883.69, accounting for 92.81% of total revenue, down 12.92% from the previous year[57] - Zinc ingot revenue decreased by 43.97% to ¥418,404,961.26, while zinc alloy revenue surged by 535.33% to ¥1,099,134,825.85[57] - The revenue from trade was ¥99,982,906.28, representing 5.80% of total revenue, with a 100% increase in this segment[57] - The company experienced a significant increase in revenue from zinc concentrate, which was ¥57,892,293.12, marking a 100% increase from the previous year[57] - The revenue from the Guangdong region increased by 163.92% to ¥84,565,962.32, while the revenue from the Yunnan region decreased by 81.70% to ¥170,691,141.99[58] Production and Operations - The company produced a total of 89,519.517 tons of zinc ingots and zinc alloys, including 24,317.358 tons of zinc ingots and 65,202.159 tons of zinc alloys[47] - The company’s main business includes zinc smelting and processing, lead-zinc ore mining, hydropower generation, and resource utilization, which provides a diversified revenue stream[26] - The company has a zinc ingot production capacity of 120,000 tons per year and a comprehensive utilization plant capable of processing 120,000 tons of leach residue annually[31] - The company reported a gross margin of 3.80% for the non-ferrous metal smelting sector, down from the previous year by 5.73%[60] - The company’s hydropower plant, Lazhuang Power Plant, has an installed capacity of 60,000 kW, contributing to its energy generation capabilities[31] Cost Management - The company's operating costs were 1,654.8633 million yuan, down 1.44% from 1,678.9753 million yuan in the previous year, attributed to lower production and sales volume[47] - The total operating cost for zinc ingots decreased by 42.75% to CNY 400.10 million, with raw material costs dropping by 43.46%[66] - The operating cost for zinc alloy increased significantly by 584.35% to CNY 1.10 billion, primarily due to the inclusion of the subsidiary's production costs[66] - Financial expenses rose by 34.76% to 23.5200 million yuan from 17.4534 million yuan, primarily due to increased bank financing and interest expenses[47] Investment and Financing - Investment cash inflow increased by 9,757.96% to 13,070,085.95 yuan, mainly from cash received from property transactions and the acquisition of a subsidiary[74] - Financing cash inflow rose by 238.79% to 571,540,000.00 yuan, driven by increased bank loans and cash from minority shareholders[74] - The company made a significant equity investment of CNY 16.73 million in Yunnan Shengkai Zinc Industry Co., Ltd., holding a 51% stake[84] - The company has a total external guarantee amount of CNY 6,600 million, with an actual guarantee balance of CNY 3,630 million, representing 2.52% of the company's net assets[167] Environmental and Social Responsibility - The company is committed to environmental protection and aims to meet the standards set by the Ministry of Industry and Information Technology for the zinc industry[95] - The company has implemented various air pollution control technologies, including cyclone dust removal and bag dust collectors, ensuring compliance with emission standards[194] - The company reported a total of 182.017 tons of particulate matter emissions, with a compliance status of no exceedance[189] - The company has invested a total of 99.16 million yuan in poverty alleviation efforts in 2020[184] - The company aims to improve production and living facilities in the village to further enhance poverty alleviation quality[186] Risk Management - The company highlighted risks including macroeconomic fluctuations, product price volatility, and environmental risks in its report[6] - The company faces risks from macroeconomic fluctuations, product price volatility, and raw material supply, and is implementing strategies to mitigate these risks[108][109][110] - The company is enhancing its environmental risk management in response to stricter regulations and is committed to sustainable practices[111] Corporate Governance - The company has maintained compliance with securities laws and regulations, as per commitments made by the controlling shareholder[121] - The company has ensured the independence of its operations and assets as per commitments made during acquisitions[121] - The company has committed to minimizing related party transactions with listed companies, ensuring compliance with market principles and legal regulations[122] - The company has established a clear framework for handling potential disputes related to asset transfers[122] Future Outlook - The company plans to produce 95,000 tons of zinc ingots in 2021, along with 10,000 kg of germanium concentrate and 4,000 kg of silver concentrate[101] - The company aims to enhance its wet metallurgy to achieve industry-leading levels within the next 3-5 years[98] - The company plans to optimize marketing management by analyzing market trends and adjusting strategies to capture opportunities, while ensuring reasonable inventory levels[103] - The company is actively pursuing new economic growth points and extending its product offerings in the zinc downstream sector to improve economic quality and core competitiveness[107]

Financial Performance - The company's operating revenue for the first half of 2021 was approximately CNY 994 million, representing an increase of 88.50% compared to CNY 527 million in the same period last year[21]. - The net profit attributable to shareholders of the listed company was approximately CNY 33 million, a significant turnaround from a loss of CNY 152 million in the previous year, marking a 121.81% increase[21]. - The net cash flow from operating activities was approximately CNY 17 million, compared to a negative cash flow of CNY 31 million in the same period last year, reflecting a 155.52% improvement[21]. - The basic earnings per share increased to CNY 0.10 from a loss of CNY 0.47, representing a 121.28% increase[21]. - The company reported a total revenue of approximately CNY 1.1 billion for the first half of 2021, with a net profit of CNY 543 million, reflecting a profit margin of about 49.5%[65]. - The company reported a net loss of RMB 391,532,665.50 for the period, an improvement from a loss of RMB 424,659,698.05 at the end of 2020[166]. - The company reported a comprehensive income of ¥33,127,032.55 for the current period[186]. Assets and Liabilities - Total assets at the end of the reporting period were approximately CNY 2.48 billion, an increase of 5.18% from CNY 2.36 billion at the end of the previous year[21]. - The total assets of the main subsidiary, Luoping Zinc Electric Co., amounted to CNY 52,215,492.84, with a net profit of CNY 50,193.12[64]. - The company's total assets increased to CNY 2,474,002,378.93, compared to CNY 2,366,835,450.45 at the end of 2020, reflecting a growth of 4.5%[169]. - Total liabilities rose to CNY 879,624,738.86, up from CNY 800,818,988.37, indicating a 9.8% increase[169]. - The company's cash and cash equivalents were RMB 377,845,581.08 as of June 30, 2021, compared to RMB 320,650,146.38 at the end of 2020, marking an increase of around 17.8%[164]. Operational Efficiency and Strategy - The company has implemented a direct sales model, utilizing spot sales, pricing sales, and futures delivery, with pricing based on LME trends and other market indicators[31]. - The company plans to continue expanding its market presence and investing in new technologies to enhance product offerings and operational efficiency[45]. - The company is implementing new strategies to improve operational efficiency, aiming for a 15% reduction in operational costs by the end of 2021[81]. - The company aims to enhance operational efficiency and reliability by integrating the production process from mining to zinc ingot output[130]. Environmental Compliance - The company reported that it is a key pollutant discharge unit, with total emissions of particulate matter at 3.929 tons, sulfur dioxide at 22.701 tons, and nitrogen oxides at 23.95 tons[80]. - The company aims to improve its environmental compliance by addressing the exceedances in wastewater and emissions[85]. - The company is actively monitoring its operational metrics to ensure adherence to environmental standards and regulations[84]. - The company has established a solid waste disposal facility in accordance with national regulations, ensuring proper treatment of hazardous waste[89]. Market and Product Development - The increase in operating revenue is primarily attributed to higher sales prices and volumes of zinc products, as well as increased sales of germanium and silver concentrates, along with additional revenue from the newly acquired subsidiary, Zinc Longsheng Yi Trading[45]. - New product development includes the launch of a high-efficiency zinc extraction technology, which is expected to reduce production costs by 5%[81]. - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in market share by the end of 2022[82]. Legal and Regulatory Matters - The company is currently involved in 697 legal cases related to securities false statements, with total claims amounting to approximately CNY 84.2 million[71]. - The company has not faced any significant administrative or criminal penalties in the last five years, nor does it have any major civil litigation related to economic disputes[112]. - The company has ongoing litigation related to securities false statements, with a total amount involved of 1,139,876 yuan (including litigation fees)[123]. Community and Social Responsibility - The company has signed contracts with poor households for ginger planting, promoting agricultural development as part of its poverty alleviation efforts[102]. - The company allocated a total of 0.8 million yuan for poverty alleviation funds and 5 million yuan for material donations[104]. - The company is committed to enhancing grassroots organizational construction and promoting rural revitalization through party-building activities[109].

Financial Performance - The company's operating revenue for Q1 2021 was ¥400,677,869.40, representing a 104.50% increase compared to ¥195,931,806.07 in the same period last year[8] - Net profit attributable to shareholders was ¥10,301,943.15, a significant turnaround from a loss of ¥95,129,260.58 in the previous year, marking a 110.83% improvement[8] - The net profit after deducting non-recurring gains and losses was ¥10,405,311.08, compared to a loss of ¥94,693,259.89 last year, reflecting a 110.99% increase[8] - Basic earnings per share increased to ¥0.03 from a loss of ¥0.29, showing a 110.34% improvement[8] - The total profit for the current period was RMB 13,679,582.17, marking a 114.31% increase from a loss of RMB 95,595,651.34 in the previous period[20] - The company reported a net loss of CNY 272,328,419.10 in retained earnings, an improvement from a loss of CNY 286,155,071.09[49] - The company reported a total profit of CNY 13,679,582.17, recovering from a total loss of CNY 95,595,651.34 in the prior year[53] Cash Flow - Cash flow from operating activities showed a significant improvement, with a net outflow of ¥3,408,217.65 compared to a net outflow of ¥87,187,638.61 in the same period last year, reflecting a 96.09% reduction in cash outflow[8] - The company’s cash flow from operating activities showed a net outflow of RMB 3,408,217.65, a significant improvement from a net outflow of RMB 87,187,638.61 in the previous period, reflecting better operational efficiency[25] - Cash received from sales of goods and services increased by 66.50% to RMB 428,723,644.53, driven by higher sales volumes and prices of zinc products[25] - Operating cash inflow increased by 69.71% compared to the same period last year, primarily due to increased sales volume and prices of zinc products[27] - Net cash flow from operating activities rose by 96.09% year-on-year, driven by a 66.5% increase in cash received from sales of goods and services[27] - The cash flow from operating activities was CNY 428,723,644.53, significantly higher than CNY 257,489,032.11 in the previous period, indicating improved cash generation[60] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,305,878,679.43, a decrease of 2.37% from ¥2,361,747,772.22 at the end of the previous year[8] - The net assets attributable to shareholders increased to ¥1,451,019,380.04, up 0.72% from ¥1,440,651,083.53 at the end of the previous year[8] - The company’s total liabilities decreased to CNY 750,666,468.32 from CNY 800,818,988.37[49] - Current liabilities totaled CNY 705,166,583.25, down from CNY 748,075,225.71[49] - The company’s total current liabilities increased from CNY 748,075,225.71 to CNY 755,696,296.39 compared to the previous period[71] Investment and Expenditures - The company is undergoing significant capital expenditures, with construction in progress increasing by 31.59% due to ongoing projects in the electrolytic workshop and new construction in the comprehensive workshop[16] - The company experienced an investment loss of CNY 3,059,164.58, contrasting with a profit of CNY 38,384,538.98 in the previous year, highlighting challenges in investment performance[57] - Long-term equity investments amounted to CNY 1,303,930,970.77, up from CNY 1,273,455,852.62[48] - The company reported a decrease in long-term equity investments from CNY 1,273,455,852.62 to CNY 115,112,615.82[70] Financial Ratios and Returns - The weighted average return on equity rose to 0.71% from -6.26% in the previous year, an increase of 6.97 percentage points[8] - The company reported a basic earnings per share of RMB 0.03, up 110.98% from a loss of RMB 0.29 per share in the previous period[20] - Earnings per share (EPS) for the quarter was CNY 0.03, compared to a loss per share of CNY 0.29 in the previous year[54] Tax and Financial Management - The company reported a significant increase in cash payments for taxes, up 72.01% year-on-year, primarily due to higher VAT and resource tax payments[27] - The company’s cash and cash equivalents decreased by 162.29% to a net decrease of RMB 88,425,784.95, indicating a need for improved cash management strategies[25] - Cash and cash equivalents were CNY 174,589,892.67, down from CNY 255,696,244.00[46] Other Financial Information - The company has implemented new leasing standards effective from January 1, 2021, which will not significantly impact its financial status[72] - The company has not conducted an audit for the first quarter report[73]