Group 1: Company Overview - Guangdong Dongfang Zirconium Industry Co., Ltd. is a high-tech enterprise specializing in the research, production, and operation of zirconium series products, with over 90 varieties and specifications across eight major series [2][3]. - The company’s products are widely used in nuclear power energy, special ceramics, artificial gemstones, ceramic glazes, and advanced refractory materials [3]. Group 2: Strategic Developments - In 2013, the company completed a share swap with China National Nuclear Corporation (CNNC), enhancing its position in the nuclear fuel supply chain [3][4]. - The company has focused on accelerating strategic transformation and strengthening its foundational capabilities, completing technical upgrades for subsidiaries and expanding its industrial chain [4][5]. Group 3: Market Demand and Projections - The demand for nuclear-grade sponge zircon is projected to reach 1,215 tons in 2014 and 1,595 tons in 2015, with expectations to grow to 2,485 tons by 2020 [4]. - The company’s nuclear-grade sponge zircon products have been certified and sold to international markets, including a recent contract for 10 tons to a French nuclear power producer [4][5]. Group 4: Production Capacity - The production capacities for various zircon products are as follows: - Zircon sand: 120,000 tons/year - Zirconium silicate: 18,000 tons/year - High-purity zirconium oxychloride: 35,000 tons/year (including projects under construction) - Zirconium dioxide: 7,000 tons/year - Fused zirconia: 3,000 tons/year - Composite zirconia: 5,000 tons/year (including projects under construction) - Industrial-grade sponge zircon: 450 tons/year - Nuclear-grade sponge zircon: 1,150 tons/year (including projects under construction) [5][6]. Group 5: Future Development Plans - In 2014, the company aims to focus on the emerging zircon product market, particularly in composite zirconia and zirconium structural ceramics, while enhancing production capabilities and maintaining quality advantages [6][8]. - The company plans to optimize its industrial layout and further develop its nuclear-grade sponge zircon alloy domestically [6][8]. Group 6: Industry Context - The zircon industry in China experienced significant price fluctuations from 2010 to 2013, with zircon sand prices increasing by nearly 170% at their peak in 2011, followed by a decline of over 60% by the end of 2013 [8][9]. - The recovery of demand in downstream applications, such as ceramics and automotive catalysts, is expected to drive an increase in the production of zirconium dioxide and composite zirconia in 2014 [9].

Company Overview - Guangdong Dongfang Zirconium Industry Co., Ltd. is the only controlled subsidiary of China National Nuclear Corporation, specializing in the research, production, and operation of zirconium and zirconium series products [1][2][3]. - The company is recognized as a key high-tech enterprise in China, with a comprehensive product range that includes over 90 varieties of zircon products [3][11]. Product Applications - Zircon products are utilized in various fields, including nuclear energy, special ceramics, artificial gemstones, ceramic glazes, and advanced refractory materials [3][4]. - The company’s products include zircon sand, zirconium silicate, chlorinated zirconium, fused zirconium, zircon dioxide, composite zirconia, and zirconium ceramic structural components [11][12]. Production Capacity - The production capacities for key products are as follows: - Zircon sand: 120,000 tons/year - Zirconium silicate: 18,000 tons/year - High-purity chlorinated zirconium: 35,000 tons/year (including projects under construction) - Zircon dioxide: 7,000 tons/year - Fused zirconium: 3,000 tons/year - Composite zirconia: 5,000 tons/year (including projects under construction) - Industrial-grade sponge zircon: 450 tons/year - Nuclear-grade sponge zircon: 1,150 tons/year (including projects under construction) [5][6]. Strategic Developments - The company has established a strategic cooperation with Image to develop mineral sand projects in the North Perth Basin, which is expected to yield significant production over the next decade [7]. - The nuclear power sector is anticipated to experience significant growth, with the company positioned to benefit from the increasing demand for nuclear-grade zirconium [8][9]. Market Trends - The zircon industry is undergoing consolidation, with a shift towards high-end products in both consumer and high-tech markets, which are characterized by high entry barriers and stable growth [14]. - The company aims to enhance its market presence by focusing on the nuclear power development trends and expanding its international footprint [15]. Research and Development - The company emphasizes technological innovation, holding 17 patents, including 9 invention patents, and has made significant progress in projects related to the extraction and utilization of scandium oxide and the preparation of nuclear-grade sponge zircon [12][13]. - The company’s R&D capabilities are considered a key competitive advantage, enabling it to maintain advanced technology levels in the zircon industry [13]. Future Outlook - The company plans to increase its production capacity for nuclear-grade sponge zircon and expand its market share in international markets, particularly in Europe and North America [15]. - The strategic focus will also include resource reserves and overseas investments to ensure a stable supply of raw materials and enhance economic returns [14][15].

Company Overview - Guangdong Dongfang Zirconium Industry Co., Ltd. is the only controlled subsidiary of China National Nuclear Corporation, specializing in the research, production, and operation of zirconium and zirconium series products [1][11]. - The company is recognized as a key high-tech enterprise in China, with a comprehensive product range that includes over 90 varieties of zircon products [11]. Market Position and Competitiveness - Dongfang Zirconium is a leading manufacturer in the zircon industry, known for its core competitiveness and comprehensive strength, with a complete product line that includes zircon sand, zirconium silicate, and zirconium oxide [3][11]. - The company has established a diversified customer management system to focus on long-term strategic partnerships, ensuring stable operational development [3]. Production Capacity - The production capacities for key products are as follows: - Zircon sand: 120,000 tons/year - Zirconium silicate: 18,000 tons/year - High-purity zirconium oxychloride: 35,000 tons/year (including projects under construction) - Zirconium dioxide: 7,000 tons/year - Fused zirconia: 3,000 tons/year - Composite zirconia: 5,000 tons/year (including projects under construction) - Industrial-grade sponge zirconium: 450 tons/year - Nuclear-grade sponge zirconium: 1,150 tons/year (including projects under construction) [5][6]. Strategic Developments - The company has initiated a project for the recovery of scandium from zirconium oxychloride mother liquor, which began production on December 19, 2014, with an expected annual output of 2,500 kg of high-purity scandium oxide and 20 tons of mixed rare earth oxides [6]. - Dongfang Zirconium has entered into a strategic cooperation with Image to develop mineral sand projects in the North Perth Basin, which is expected to yield significant production over the next decade [7]. Nuclear Industry Engagement - The company is positioned to benefit from the revival of nuclear power in China, with a focus on producing nuclear-grade zirconium, which is essential for nuclear fuel elements [8][9]. - The demand for nuclear-grade sponge zirconium is projected to reach 1,215 tons in 2014 and 1,595 tons in 2015, with expectations to grow to 2,485 tons by 2020 [8]. Research and Development - Dongfang Zirconium emphasizes technological innovation, holding 17 patents, including 9 invention patents, and has made significant progress in projects related to the extraction and utilization of scandium [12][13]. - The company has developed advanced production techniques for high-purity zirconium products, ensuring alignment with international standards [12][13]. Future Outlook - The company plans to enhance its brand recognition in the nuclear-grade sponge zirconium market and gradually expand its international presence [15]. - Dongfang Zirconium aims to leverage its extensive resources in Australia to secure long-term supply chains for zirconium raw materials, contributing to its economic growth and operational efficiency [14][15].

Group 1: Company Performance - The company's capacity utilization rate increased by approximately 10% to 15% compared to the same period last year [1] - The company has sufficient orders on hand, with most products' orders scheduled until the end of October [1] Group 2: Market Trends - The price of zircon-related products is currently rising due to strong downstream demand, particularly from the construction and ceramics industries [1][2] - The supply of zircon sand is tight, contributing to the increased demand for zircon products [2] Group 3: Project Updates - The Mindarie heavy mineral project is progressing steadily, with an expected annual production of 120,000 tons of heavy minerals [2] - The WIM150 project is being reactivated in Australia, with plans to attract new investors and explore financing options [2] Group 4: Revenue Goals and Strategy - The company aims to achieve a revenue target of 4 billion yuan during the 14th Five-Year Plan period, focusing on upstream, midstream, and downstream development [2] - Upstream revenue is primarily from titanium concentrate sales, estimated at around 400 million yuan, while midstream revenue is expected to increase to approximately 3 billion yuan after expanding main products [2] Group 5: Pricing Strategies - Due to rising raw material prices, the company plans to increase the price of chlorinated zircon products by 3,000 yuan per ton and zirconia products by 10,000 yuan per ton, with other zircon series products seeing a price increase of 15% [2][3] - The pricing mechanism for zircon processing products is market-driven, with special pricing for customized orders [3]

广东东方锆业科技股份有限公司 证券代码：002167 证券简称：东方锆业 广东东方锆业科技股份有限公司 投资者关系活动记录表 编号：20220922 | --- | --- | --- | |-------------------------|------------------------------------------------------------|------------------------------------------------------| | | | | | | □特定对象调研 | 分析师会议 | | 投资者关系 | □媒体采访 □业绩说明会 □新闻发布会 □路演活动 | | | 活动类别 | □现场参观 | | | | 其他 （广东辖区上市公司 活动） | 2022 年投资者网上集体接待日 | | 参与单位名称 及人员姓名 | 线上投资者 | | | | | | | 时间 | 2022 年 9 月 22 日（周四） | 15:50-16:50 | | 地点 | | 公 司 通 过 全 景 网 " 投 资 者 关 系 互 动 平 台 " | | | （ https://rs. ...

Group 1: Company Overview and Market Outlook - The company believes that the long-term positive fundamentals of the macro economy will not change, driving continuous growth in traditional application market demand and expanding emerging application fields for zirconium products [2] - The global zirconium industry is expected to have significant development space in the future, with an overall market growth trend [2] Group 2: Financial Performance and Challenges - In the first three quarters, the company's operating income and net profit attributable to shareholders increased by 2.87% and 34.14% respectively compared to the same period last year [4] - The third-quarter performance decline was attributed to the impact of COVID-19, geopolitical conflicts, and decreased consumer confidence, affecting demand and order execution [4] - The company's operations showed signs of recovery in October, with plans to enhance technical management and production efficiency [4] Group 3: Industry Policies and Strategic Response - Recent policies from the National Medical Insurance Bureau regarding dental implant services are expected to drive rapid development in the dental implant industry, with an anticipated increase in market penetration [4] - The company plans to expand its dental implant raw material production capacity in response to policy guidance and strategic planning [4] Group 4: Product Development and Market Demand - The company's high-purity ultra-fine zirconia is used as an additive in ternary lithium batteries, with sales expected to reach around 1,000 tons in 2022, up from 780 tons in 2021 [5] - The demand for zirconia is projected to surge with the development of solid-state batteries, significantly increasing the company's business scale and profitability [5]

Financial Performance - Revenue for Q3 2022 was CNY 298,588,547.83, a decrease of 27.11% compared to the same period last year[4] - Net profit attributable to shareholders was CNY 8,331,707.03, down 86.96% year-on-year[4] - Basic earnings per share for Q3 2022 was CNY 0.0115, reflecting an 87.25% decline compared to the previous year[4] - Total operating revenue for the current period reached ¥1,018,843,607.97, an increase of 2.9% compared to ¥990,433,311.23 in the previous period[19] - Net profit for the current period was ¥125,007,948.78, up 2.4% from ¥122,060,819.48 in the previous period[20] - Operating profit increased to ¥141,284,859.92, compared to ¥133,704,100.30 in the previous period, marking a growth of 5.9%[20] - Basic and diluted earnings per share were both ¥0.1783, slightly up from ¥0.1743 in the previous period[20] - Other comprehensive income after tax amounted to ¥275,458.35, recovering from a loss of ¥11,441,015.80 in the previous period[20] Assets and Liabilities - Total assets increased to CNY 2,684,540,586.48, representing a growth of 27.12% from the end of the previous year[4] - The company's total current assets increased to CNY 1,096,439,432.64 from CNY 723,018,838.47, representing a growth of approximately 51.7%[16] - The total liabilities increased to CNY 1,263,366,083.92 from CNY 890,562,224.43, reflecting a rise of about 42%[17] - The total assets reached CNY 2,684,540,586.48, up from CNY 2,111,739,789.80, indicating an increase of approximately 27%[18] - The total equity attributable to the parent company increased to CNY 1,472,414,353.08 from CNY 1,269,207,026.61, reflecting a growth of approximately 15.9%[18] Cash Flow - Cash flow from operating activities for the year-to-date was CNY 93,353,207.43, down 78.65% year-on-year[11] - Cash flow from operating activities generated ¥93,353,207.43, a decrease of 78.7% from ¥437,149,370.72 in the previous period[21] - Cash flow from investing activities showed a net outflow of ¥201,571,572.01, compared to a net inflow of ¥71,885,076.59 in the previous period[21] - Cash flow from financing activities resulted in a net inflow of ¥146,831,654.83, contrasting with a net outflow of ¥486,485,363.84 in the previous period[22] - The ending balance of cash and cash equivalents increased to ¥94,064,328.30 from ¥37,872,562.81, reflecting a significant improvement[22] Shareholder Information - The total number of common shareholders at the end of the reporting period is 64,840[13] - Longbai Group Co., Ltd. holds 182,210,818 shares, accounting for 23.51% of total shares[13] Operational Changes - The company reported a significant increase in construction in progress, which rose by 523.97% to CNY 273,942,050.56[8] - Short-term borrowings increased by 57.46% to CNY 422,000,000.00, attributed to new bank loans[8] - Contract liabilities surged by 464.71% to CNY 237,586,346.87, indicating a rise in advance payments received[8] - Management expenses for the year-to-date reached CNY 81,735,878.71, a 31.07% increase due to higher personnel and intermediary costs[9] Inventory and Receivables - The accounts receivable increased to CNY 139,304,267.00 from CNY 98,275,034.27, which is an increase of approximately 41.8%[16] - The inventory level rose to CNY 501,012,299.45 from CNY 420,196,014.18, showing an increase of about 19.3%[16] Audit and Governance - The third quarter report has not been audited[23] - The board of directors of Guangdong Dongfang Zirconium Industry Technology Co., Ltd. held a meeting on October 18, 2022[24]

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 720,255,060.14, representing a 24.02% increase compared to CNY 580,773,061.79 in the same period last year[22]. - Net profit attributable to shareholders reached CNY 119,903,963.47, a significant increase of 102.82% from CNY 59,118,747.28 year-on-year[22]. - The net profit after deducting non-recurring gains and losses was CNY 115,678,380.04, up 305.56% from CNY 28,522,880.95 in the previous year[22]. - Basic earnings per share increased by 100.12% to CNY 0.1675 from CNY 0.0837 in the same period last year[22]. - The total profit for the first half of 2022 was 133 million yuan, up 110.90% compared to the same period last year[47]. - The company reported a total comprehensive income of CNY 119.05 million for the first half of 2022, compared to CNY 53.28 million in the same period of 2021, an increase of 123.0%[186]. - The company's operating cash flow for the first half of 2022 was ¥119,351,144.48, a decrease of 67.8% compared to ¥371,580,247.56 in the same period of 2021[190]. Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 2,443,424,842.96, reflecting a 15.71% increase from CNY 2,111,739,789.80 at the end of the previous year[22]. - The net assets attributable to shareholders increased by 14.92% to CNY 1,458,581,258.38 from CNY 1,269,207,026.61 at the end of the previous year[22]. - Current liabilities totaled CNY 960,351,153.74, up from CNY 807,265,618.03, indicating a rise of 18.9%[179]. - The company's total liabilities reached CNY 1,033,408,877.17, compared to CNY 890,562,224.43, reflecting an increase of 16.0%[179]. - The total owner's equity attributable to the parent company was 1,051,522.14 million, with a decrease of 48,308.00 million compared to the last year[199]. Market and Industry Insights - The global and domestic zircon industry faced supply shortages and price increases due to low capital investment and declining ore grades, maintaining a high price level for zircon sand[30]. - The demand for zircon products is expected to grow significantly due to advancements in new materials and applications in various industries, including aerospace and electronics[32]. - The zircon industry is projected to maintain high prosperity due to stable demand in traditional applications and expanding new applications[30]. - The company aims to expand its market share in ternary battery cathode materials and explore other zircon product development directions in the new energy sector[35]. - The company has established stable partnerships with leading battery manufacturers, indicating strong customer loyalty and recognition[34]. Research and Development - Research and development expenses increased by 63.53% to ¥34,345,964.90, attributed to the R&D investments following the acquisition of Wiener Company[62]. - The company has developed over 16 invention patents and 46 utility model patents, with new products including high-purity ultra-fine zirconium dioxide and high-performance composite zirconium[56]. - The company is actively involved in the development of new applications for zirconia, including high-temperature sensors and solid oxide fuel cells[36]. - The company aims to enhance its technological capabilities through ongoing research and development initiatives[200]. Environmental Compliance - The company is classified as a key pollutant discharge unit by environmental protection authorities[95]. - The company has implemented a comprehensive air pollution control system, including electrostatic dust removal and purification towers, to ensure compliance with emission standards[100]. - The company has committed to reducing emissions by 20% by 2023[97]. - The company has established a dedicated team for daily inspections and maintenance of pollution control facilities, ensuring compliance with environmental regulations[101]. Strategic Plans and Future Outlook - The company plans to establish a new project with an annual production capacity of 60,000 tons of high-purity ultra-fine zirconium silicate and a 30,000-ton electric melting zirconia project[48]. - The company plans to issue up to 232,540,200 A-shares, raising no more than 700 million yuan to support capacity expansion and business development[49]. - The company expects a revenue growth forecast of 10% for the second half of 2022, driven by new product launches and market expansion strategies[97]. - The company aims to enhance its market competitiveness through quality improvement and structural adjustments[82]. Shareholder and Governance - The company has not engaged in significant equity or securities investments during the reporting period[75][76]. - Longbai Group holds 97,210,818 shares of the company, with a commitment to not transfer these shares within 18 months of acquisition[127]. - The company has not reported any significant related party transactions that exceed the approved limits, ensuring compliance with regulations[133]. - The company has strengthened its internal control management and investor relations, ensuring transparency and protection of shareholder rights[117].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 368,580,623.62, representing a 43.99% increase compared to CNY 255,971,159.23 in the same period last year[3] - Net profit attributable to shareholders reached CNY 60,068,876.00, a significant increase of 3,775.91% from CNY 1,549,798.90 in the previous year[3] - The net profit after deducting non-recurring gains and losses was CNY 56,631,297.94, up 3,932.57% from CNY 1,404,346.63 year-on-year[3] - Total operating revenue for the current period reached ¥368,580,623.62, a significant increase of 43.9% compared to ¥255,971,159.23 in the previous period[17] - Net profit for the current period was ¥59,851,421.98, compared to ¥1,072,426.24 in the previous period, indicating a substantial increase[18] - The company reported a total profit of ¥67,128,575.92, significantly higher than ¥1,229,300.35 in the previous period[18] Assets and Liabilities - The company's total assets increased by 10.42% to CNY 2,331,761,841.40 from CNY 2,111,739,789.80 at the end of the previous year[3] - Total assets increased to ¥2,331,761,841.40 from ¥2,111,739,789.80, reflecting a growth of 10.4%[15] - Total liabilities rose to ¥1,018,946,364.00 from ¥890,562,224.43, an increase of 14.4%[15] - The company's equity attributable to shareholders increased to ¥1,361,207,272.90 from ¥1,269,207,026.61, a growth of 7.2%[15] Cash Flow - Cash flow from operating activities was CNY 117,755,547.38, a decrease of 15.30% compared to CNY 139,025,998.16 in the previous year[3] - Cash flow from operating activities generated a net amount of ¥117,755,547.38, down from ¥139,025,998.16 in the previous period[22] - The company's cash and cash equivalents increased to ¥255,849,377.90 from ¥137,080,001.50 at the beginning of the year, representing an increase of 86.5%[13] - Cash and cash equivalents at the end of the period totaled ¥149,785,586.07, compared to ¥18,092,559.74 at the end of the previous period, showing a strong liquidity position[22] Shareholder Information - The total number of common shareholders at the end of the reporting period is 64,910[10] - The largest shareholder, Longbai Group Co., Ltd., holds 23.51% of shares, totaling 182,210,818 shares[10] Expenses - Research and development expenses increased by 73.60% to CNY 1,588,000.00, reflecting the company's commitment to enhancing its R&D efforts[8] - The company experienced a 268.35% increase in sales expenses, totaling CNY 176,000.00, attributed to growth in sales activities[8] - Total operating costs amounted to ¥303,903,231.73, up from ¥255,229,650.41, reflecting a rise of 19.0%[17] Profitability Metrics - The weighted average return on equity rose to 4.61%, up from 0.14% in the same period last year, an increase of 4.47 percentage points[3] - Basic and diluted earnings per share increased to ¥0.0851 from ¥0.0022, reflecting improved profitability[19] - The gross profit margin improved, with operating profit rising to ¥67,081,003.24 from ¥1,281,790.87, marking a significant turnaround[17] - Other comprehensive income after tax was ¥4,788,415.03, compared to a loss of ¥552,873.14 in the previous period, indicating a positive shift[18] Audit Status - The company has not undergone an audit for the first quarter report[23]

Financial Performance - The company reported a total revenue of 1.2 billion RMB for the year 2021, representing a year-on-year increase of 15%[19]. - The net profit attributable to shareholders was 200 million RMB, an increase of 10% compared to the previous year[19]. - The company's operating revenue for 2021 was CNY 1,286,303,349.25, representing a 67.53% increase compared to CNY 767,802,628.75 in 2020[21]. - The net profit attributable to shareholders for 2021 was CNY 150,510,831.72, a significant turnaround from a loss of CNY 160,833,294.80 in 2020, marking a 193.58% improvement[21]. - The total profit for 2021 was 160 million yuan, up 204.63% compared to the previous year[43]. - The company reported a total revenue of ¥1,286,303,349.25 in 2021, representing a 67.53% increase from ¥767,802,628.75 in 2020[58]. - The company reported a total revenue of 1.5 billion RMB for the year 2021, representing a year-over-year increase of 15%[151]. - The company reported a net profit margin of 12% for 2021, an increase from 10% in 2020[151]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 20% increase in sales in that region by 2023[19]. - The company aims to achieve a revenue growth target of 10% for 2022, driven by new product launches and market expansion strategies[19]. - The company is expanding its market presence in Southeast Asia, targeting a 25% market share by 2025[119]. - The company plans to launch its second mineral project, the Atlas project, in 2022, with proven reserves of 9.5 million tons and a heavy mineral content of 8.1%[53]. - The company is exploring potential acquisitions to enhance its product portfolio, with a budget of 500 million RMB allocated for this purpose[151]. Research and Development - Research and development expenses increased by 25% to 150 million RMB, focusing on new zirconium products and technologies[19]. - The company has invested in technology research and development, with 176 R&D personnel and 16 invention patents, aiming for high-quality future development[52]. - R&D investment rose significantly by 89.96% from ¥29,756,141.29 in 2020 to ¥56,525,741.04 in 2021, representing 4.39% of operating revenue[73]. - The company is focusing on developing high-end zirconium products to meet the evolving demands of the battery industry, particularly in lithium manganese oxide batteries[70]. Production Capacity and Operations - The company has completed the acquisition of a zirconium processing facility, which is expected to enhance production capacity by 15%[19]. - The company plans to expand its production capacity for electric fused zircon by 30,000 tons and for zircon silicate by 60,000 tons[94]. - The company achieved an annual production capacity of 2,700 tons of composite zirconia, with the expansion project passing environmental protection expert acceptance in April 2021[157]. - The company has established six independent large-scale production bases, including locations in Guangdong and Australia, to enhance its production capabilities[51]. Financial Stability and Investments - The company's debt ratio decreased from 54.51% in 2020 to 42.17% in 2021, indicating improved financial stability[46]. - The net cash flow from operating activities reached CNY 196,088,165.53, a remarkable increase of 562.68% from CNY 29,590,236.62 in 2020[21]. - The company has a total resource volume of 165,000 tons for the WIM150 project, with a heavy mineral content of 3.7% and a 20% ownership stake[92]. - The company is committed to optimizing production processes to reduce costs and improve market share and profitability[93]. Environmental Compliance and Sustainability - The company is classified as a key pollutant discharge unit, with specific emissions standards for various pollutants including ammonia and particulate matter[148]. - The company has established a compliance framework for environmental standards, ensuring adherence to national regulations on pollutant emissions[149]. - The company has implemented a comprehensive wastewater treatment process, including neutralization, sedimentation, and online monitoring to ensure compliance with discharge standards[154]. - The company emphasizes the importance of environmental impact assessments for all new projects, ensuring that they align with national environmental laws and regulations[156]. Corporate Governance and Internal Control - The company has established a robust internal control system that covers major aspects of business management, ensuring effective execution without significant omissions[137]. - The company has implemented a labor contract system and adheres to national labor laws, ensuring social security and medical benefits for employees[171]. - The company has established a risk assessment mechanism to evaluate risks and determine response strategies, ensuring risks are manageable[137]. - The company maintains independence from its controlling shareholder in terms of business, personnel, assets, and finances, ensuring no conflicts of interest[104]. Employee Relations and Incentives - Employee stock incentives were granted to 406 individuals at a price of 2.93 CNY/share, enhancing employee cohesion and retention[49]. - The company has a training plan that includes new employee orientation and various skill enhancement programs to improve employee competencies[131]. - The company has maintained a stable workforce, with no reported dismissals or resignations among key management during the reporting period[109]. Investor Relations - The company is enhancing its investor relations through various communication channels to improve transparency and information dissemination[103]. - The first extraordinary general meeting in 2021 had an investor participation rate of 36.67%[105]. - The board held a total of 12 meetings during the reporting period, with all directors present[122].