Revenue and Profit - Revenue for the third quarter reached ¥18,466,855,258.88, an increase of 41.01% year-on-year, while year-to-date revenue was ¥50,694,546,722.17, up 46.78%[27] - Net profit attributable to shareholders for the third quarter was ¥118,481,384.24, a decrease of 14.90% year-on-year, with year-to-date net profit at ¥410,265,459.51, up 1.38%[27] - The net profit excluding non-recurring items for the third quarter was ¥162,263,812.23, an increase of 108.86% year-on-year, while year-to-date it was ¥455,231,777.26, up 36.28%[27] - Net profit attributable to the parent company was ¥409,255,571.18, slightly down from ¥414,377,886.75, reflecting a decrease of around 1.0%[68] - Basic earnings per share increased to ¥0.36 from ¥0.35, showing a growth of approximately 2.9%[68] Assets and Liabilities - Total assets at the end of the reporting period were ¥21,062,618,570.78, reflecting a 5.98% increase from the end of the previous year[27] - Total liabilities amounted to CNY 12,076,535,052.63, compared to CNY 11,681,995,301.85, marking an increase of about 3.4%[40] - Total assets reached ¥21,062,618,570.78, up from ¥19,874,785,119.24, indicating a growth of about 6.0%[65] - Total liabilities increased from 11,680,999,419.65 to 11,681,995,301.85, reflecting a rise in financial obligations[72] - The total assets of the company reached approximately ¥19.36 billion, indicating a stable asset base[75] Cash Flow - The company’s cash flow from operating activities showed a significant decline of 94.03% year-to-date, totaling ¥95,308,152.48[27] - The company reported a net cash flow from investing activities of ¥94,260,812.42, compared to ¥388,752,724.98 in the previous period, reflecting a decrease of approximately 75.7%[68] - Cash flow from operating activities generated ¥54,748,327,585.86, compared to ¥38,348,645,381.36 in the previous period, marking an increase of about 42.8%[68] - The company experienced a net cash inflow from operating activities of ¥95,308,152.48, a significant decrease from ¥1,596,642,638.83 in the previous period, indicating a decline of approximately 94.0%[68] - The net increase in cash and cash equivalents was 436,502,539.43, down from 2,316,466,493.02, suggesting a tighter liquidity position[69] Operating Costs and Expenses - Operating costs increased by 48.77% year-on-year, primarily due to the rise in sales volume and prices of main products and trade[32] - Sales expenses increased by 64.08% year-on-year, primarily due to the increase in sales revenue[32] - Financial expenses decreased by 34.60% year-on-year, mainly due to the decline in financing interest rates compared to the same period last year[32] - Tax and additional charges increased by 59.58% year-on-year, mainly due to the increase in value-added tax compared to the same period last year[32] Investments and Financial Activities - The company issued convertible bonds to raise ¥3.16 billion for investment in a comprehensive recovery project, which was officially listed on July 7, 2023[20][22] - The company reported a foreign exchange gain of CNY 68,537,460.52, compared to a gain of CNY 40,959,135.82 in the previous period, indicating an increase of about 67%[44] - Cash flow from financing activities generated a net inflow of 1,301,786,688.05, compared to 631,252,903.65 in the prior period, reflecting improved financing conditions[69] Special Items and Other Income - Non-operating income increased by 211.14% year-on-year, mainly due to increased penalties received from suppliers for breaches of contract[34] - Non-operating expenses decreased by 61.57% year-on-year, mainly due to reduced asset scrap losses[34] - Income tax expenses decreased by 34.05% year-on-year, mainly due to the enjoyment of additional deductions for R&D expenses according to the announcement from the State Taxation Administration[34] - Asset disposal income increased by 582,500.71% year-on-year, mainly due to increased asset disposal income from the subsidiary's ammonia synthesis capacity replacement[34] Market and Strategic Developments - The company plans to expand its market presence and invest in new technologies to enhance operational efficiency[45] - The company has completed the application for issuing convertible bonds, which was accepted by the China Securities Regulatory Commission[59] - There was a change in the board of directors with Zhang Fan being elected as the new chairman[58] Inventory and Current Assets - As of September 30, 2023, the company's total current assets amounted to approximately CNY 15.01 billion, an increase from CNY 14.42 billion at the beginning of the year, representing a growth of about 4.05%[62] - The company's inventory as of September 30, 2023, was approximately CNY 9.10 billion, up from CNY 9.00 billion at the beginning of the year, indicating a growth of about 1.23%[62] - The cash and cash equivalents increased to approximately CNY 4.26 billion from CNY 3.90 billion at the start of the year, reflecting a growth of about 9.14%[62]

证券代码：002237 证券简称：恒邦股份 公告编号：2023-069 债券代码：127086 债券简称：恒邦转债 山东恒邦冶炼股份有限公司 关于持股5%以上股东部分股份解除质押及再质押的公告 持股5%以上股东烟台恒邦集团有限公司保证向本公司提供的信息内容真实、准确、 完整，没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 山东恒邦冶炼股份有限公司（以下简称"公司"）于近日收到公司持股 5%以上股东 烟台恒邦集团有限公司（以下简称"恒邦集团"）的通知，获悉恒邦集团所持有本公司 的部分股份解除质押及再质押。现将有关情况公告如下： 一、解除质押、质押的基本情况 1.解除质押的基本情况 | 股东名称 | 是否为第一 大股东及一 | 解除质 押股数 | 占其所 持股份 | 占公司 总股本 | 质押开 | 质押解 | 质权人 | | --- | --- | --- | --- | --- | --- | --- | --- | | | 致行动人 | （万股） | 比例（%） | 比例（%） | 始日期 | 除日期 | | | 恒邦集团 | 否 | 1,170.0 ...

3.债券简称：21 恒邦冶炼 MTN001 | 证券代码：002237 | 证券简称：恒邦股份 | 公告编号：2023-068 | | --- | --- | --- | | 债券代码：127086 | 债券简称：恒邦转债 | | 山东恒邦冶炼股份有限公司 关于公司 2021 年度第一期中期票据到期兑付的公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 为保证山东恒邦冶炼股份有限公司（以下简称"公司"）2021 年度第一期中期票 据（债券简称：21 恒邦冶炼 MTN001，债券代码：102101980）兑付工作的顺利进行， 方便投资者及时领取付息兑付资金，现将有关事宜公告如下： 一、本期债券基本情况 1.发行人：山东恒邦冶炼股份有限公司 2.债券名称：山东恒邦冶炼股份有限公司 2021 年度第一期中期票据 4.债券代码：102101980 5.发行金额：人民币伍亿元（RMB500,000,000.00 元） 6.发行期限：2+1 年 7.投资者回售债券金额：人民币伍亿元（RMB500,000,000.00 元） 8.本计息期债项利率：4.00% 9.行权日 ...

Company Overview - Shandong Hengbang Smelting Co., Ltd. was established in 1988 and officially listed in 2008. In 2019, Jiangxi Copper Corporation became the controlling shareholder [3]. - The company has an annual production capacity of 50 tons of gold, 1,000 tons of silver, 250,000 tons of electrolytic copper, and 1.3 million tons of sulfuric acid [3]. Production and Financial Performance - In 2022, the company produced 46.76 tons of gold, 825.53 tons of silver, 20.02 tons of electrolytic copper, and 135.23 tons of sulfuric acid, achieving a revenue of 50.047 billion yuan and a net profit of 499 million yuan [3]. - For 2023, the company plans to produce 47.70 tons of gold, 791.83 tons of silver, 19.12 tons of electrolytic copper, and 114.20 tons of sulfuric acid [3]. Industry Position and Achievements - The company is a leader in precious metal smelting and has received multiple awards, including six provincial and ministerial-level science and technology progress awards and one national science and technology progress second prize [3]. - It is recognized as one of the top ten enterprises in gold sales revenue and economic efficiency in China [3]. Resource Management - The confirmed gold resource reserves for the company and its subsidiaries amount to 150.38 tons, with the Liaoshang gold mine holding 69,913 kg of gold [3]. - The Liaoshang project has a construction scale of 900,000 tons/year and a service life of 20 years. As of June 30, 2023, approximately 23.38 million yuan has been invested in the project, accounting for 1.9% of the budget [3]. Future Plans and Collaborations - The company plans to accelerate the acquisition of quality gold mining resources to increase self-sufficiency [4]. - The progress of the gold injection commitment from the major shareholder, Jiangxi Copper, is ongoing, with the Shiwukou gold mine's ore reserves confirmed at 6.334 million tons and metal reserves at 28,390 kg [4]. - The company maintains a good partnership with Wanguo International Mining, with dividends received in 2020 and 2021 amounting to over 54 million yuan and over 17 million yuan, respectively [4].

及增加注册资本暨完成工商变更登记的公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 | 证券代码：002237 | 证券简称：恒邦股份 | 公告编号：2023-067 | | --- | --- | --- | | 债券代码：127086 | 债券简称：恒邦转债 | | 山东恒邦冶炼股份有限公司 关于全资子公司变更名称、经营范围 二、变更后的营业执照信息 1.公司名称：威海恒邦矿冶发展有限公司 2.公司类型：有限责任公司（自然人投资或控股的法人独资） 3.注册资本：壹拾亿零玖仟万元整 4.法定代表人：李天刚 5.成立时间：2005 年 01 月 31 日 山东恒邦冶炼股份有限公司（以下简称"公司"）于 2023 年 8 月 18 日召开了第 九届董事会第二十六次会议和第九届监事会第二十次会议，审议通过了《关于使用募 集资金向全资子公司增资实施募投项目的议案》，已授权公司经营管理层全权办理增 资事项后续具体工作，具体内容详见公司于 2023 年 8 月 19 日在《证券时报》《中国 证券报》《上海证券报》《证券日报》和巨潮资讯网（http://www.cni ...

| 证券代码：002237 | 证券简称：恒邦股份 | 公告编号：2023-066 | | --- | --- | --- | | 债券代码：127086 | 债券简称：恒邦转债 | | 山东恒邦冶炼股份有限公司 关于变更财务顾问持续督导主办人的公告 山东恒邦冶炼股份有限公司 董 事 会 2023 年 9 月 6 日 附件：张少龙先生简历 张少龙先生：保荐代表人，注册会计师，北京大学硕士研究生学历，现任中国国 际金融股份有限公司投资银行部副总经理，曾负责或参与的项目主要包括：欧陆通 IPO、联赢激光 IPO、骏鼎达 IPO、博敏电子 2022 年非公开发行股票、江铜集团 2021 年公开发行可交换公司债券、聚飞光电 2020 年可转换公司债券、东方富海收购光洋 股份、广新集团收购生益科技等。 江西省国有资本运营控股集团有限公司（以下简称"江西国控"）豁免要约收购 山东恒邦冶炼股份有限公司（以下简称"公司"或"恒邦股份"）财务顾问项目（以 下简称"本次权益变动"）已于 2022 年实施完毕。 中国国际金融股份有限公司（以下简称"中金公司"）为本次权益变动之财务顾 问，原委派胡海锋先生、董立成先生担任本次权益变动 ...

中国国际金融股份有限公司 关于江西省国有资本运营控股集团有限公司 豁免要约收购山东恒邦冶炼股份有限公司 2023 年半年度的持续督导意见 中国国际金融股份有限公司（以下简称"中金公司"、"财务顾问"）接受 委托，担任江西省国有资本运营控股集团有限公司（以下简称"江西国控"、"收 购人"）豁免要约收购山东恒邦冶炼股份有限公司（以下简称"恒邦股份"、"上 市公司"）的财务顾问，依照《上市公司收购管理办法》第六十九条、第七十一 条、《上市公司并购重组财务顾问业务管理办法》第三十一条等有关规定，持续 督导期从恒邦股份公告收购报告书至收购完成后的12个月止（即从2022年10月18 日至2023年12月31日）。2023年8月19日，恒邦股份披露了2023年半年度报告。 结合上述2023年半年度报告及日常沟通，中金公司出具了2023年半年度（从2023 年1月1日至2023年6月30日，以下简称"本持续督导期"）的持续督导意见（以 下简称"本意见"）。本意见所依据的文件、书面资料等由收购人与恒邦股份提 供，收购人与恒邦股份保证对其真实性、准确性和完整性承担全部及连带责任。 本财务顾问对所发表意见的真实性、准确性和完整性 ...

证券代码：002237 证券简称：恒邦股份 债券代码：127086 债券简称：恒邦转债 山东恒邦冶炼股份有限公司 投资者关系活动记录表 | --- | --- | --- | --- | |--------------|----------------------------------------|---------------------------------------------------------|----------------------------| | | | | 编号：2023-004 | | 投资者关系活 | 特定对象调研 □分析师会议 | | | | 动类别 | □媒体采访 □业绩说明会 | | | | | □新闻发布会 □路演活动 | | | | | □现场参观 | | | | | □其他 | | | | 参与单位名称 | 中泰证券股份有限公司研究所有色研究员 | 郭中伟 | | | 及人员姓名 | | 中泰证券股份有限公司研究所有色金属行业助理分析师 胡十尹 | | | | | 兴证全球基金管理有限公司研究部研究员 刘平 | | | | | 兴证全球基金管理有限公司基金管理部 ...

Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.5 billion RMB for the first half of 2023, representing a 20% year-over-year growth[2]. - The company's operating revenue for the first half of 2023 reached ¥32.23 billion, a 50.30% increase compared to ¥21.44 billion in the same period last year, primarily driven by increased sales of gold and non-ferrous metal trading[55]. - The total revenue for the reporting period was ¥31,664,166,114.00, compared to ¥20,639,123,669.00 in the previous period, indicating a growth of 53.42%[56]. - The company’s net profit for the first half of 2023 is CNY 279,322,372.32, an increase from CNY 247,407,188.86 in the same period of 2022, representing a growth of approximately 12.9%[161]. - The total profit for the first half of 2023 is CNY 311,043,687.27, compared to CNY 291,691,877.82 in the previous year, indicating an increase of about 6.6%[161]. - The company reported a financial expense of CNY 79,928,244.44 for the first half of 2023, down from CNY 161,048,206.63 in the previous year[161]. - The company’s gross profit margin for the first half of 2023 was approximately 1.07%, compared to 5.14% in the same period of 2022, indicating a decrease in profitability[199]. User Growth and Market Expansion - User data indicates a growth in active users, reaching 2 million by the end of June 2023, which is a 15% increase compared to the previous year[2]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by the end of 2024[2]. - The company provided a positive outlook for the second half of 2023, projecting a revenue growth of 25% based on current market trends and user acquisition strategies[2]. Product Development and Innovation - New product launches are expected to contribute an additional 300 million RMB in revenue, with a focus on innovative technologies in the mining sector[2]. - The company has invested 100 million RMB in R&D for new technologies aimed at improving production efficiency and reducing costs[2]. - The company has been awarded 25 invention patents and 40 utility model patents, enhancing its technological capabilities in gold smelting[42]. - The company has established partnerships with universities to enhance its research and development capabilities in precious metal metallurgy[42]. Operational Efficiency and Cost Management - The company has implemented a new pricing strategy that is expected to increase gross margins by 3% in the next quarter[2]. - Inventory levels have been managed effectively, with a decrease in excess stock by 15% compared to the previous period, optimizing cash flow[18]. - The company has a comprehensive recovery rate in mining and smelting that leads the industry, with ongoing projects aimed at improving recovery rates for complex multi-metal ores[46]. Revenue Breakdown - The company's revenue from precious metal smelting reached ¥15,514,136,253.09, accounting for 48.14% of total revenue, with a year-over-year growth of 41.20%[56]. - Revenue from non-ferrous metal smelting was ¥6,742,021,370.05, representing 20.92% of total revenue, but showed a decline of 9.35% compared to the previous period[56]. - Non-ferrous metal trading generated ¥9,538,193,728.79, contributing 29.60% to total revenue, with a significant increase of 315.34% year-over-year[56]. - The revenue from sulfuric acid decreased by 89.40%, amounting to ¥37,282,247.52, indicating a need for strategic reassessment in this area[56]. Cash Flow and Financial Position - The company achieved a net cash flow from operating activities of ¥134.03 million, a significant decrease of 91.00% compared to ¥1.49 billion in the previous year, mainly due to an increase in inventory[55]. - Cash and cash equivalents increased by 81.59% to ¥7,087,958,914.96, now representing 30.38% of total assets[97]. - The company reported a total investment in derivative financial instruments of 67,677.05 million, with a fair value change profit of 7,737.07 million for the reporting period[142]. - The company’s total assets as of June 30, 2023, amounted to CNY 17,717,388,530.86, compared to CNY 14,424,834,075.33 at the beginning of the year, indicating significant growth[188]. Risk Management - The company is facing exploration and mining risks, as well as policy risks related to mining rights and environmental regulations[154]. - The company has implemented measures to mitigate risks associated with fluctuating prices of gold and silver, including cost control and hedging strategies[157]. - The company has established a robust risk control mechanism to manage operational, credit, and liquidity risks associated with its derivative investments[143]. Strategic Initiatives - A strategic acquisition of a local competitor is anticipated to enhance operational efficiency and increase market penetration, expected to close by Q4 2023[2]. - The company has committed to an investment project for comprehensive recovery technology of precious metal minerals, with a total investment amount of 218,996.74 million, which has not yet been initiated[148].

| 证券代码：002237 | 证券简称：恒邦股份 | 公告编号：2023-064 | | --- | --- | --- | | 债券代码：127086 | 债券简称：恒邦转债 | | （一）计提资产减值准备的原因 根据《企业会计准则》《深圳证券交易所上市公司自律监管指引第 1 号——主板 上市公司规范运作》等相关规定的要求，为客观公允反映山东恒邦冶炼股份有限公 司（以下简称"公司"）及子公司 2023 年半年度的财务状况、资产价值及经营成果， 公司基于谨慎性原则，对合并范围内截至 2023 年 6 月 30 日各项资产进行了全面清 查和减值测试，对合并报表范围内可能发生资产减值损失的有关资产计提相应减值 准备。 （二）计提资产减值准备的资产范围、总金额和计入的报告期间 经公司对截至 2023 年 6 月 30 日合并报表范围内存在减值迹象的资产进行全面 清查和资产减值测试后，2023 年半年度计提的各项资产减值准备合计 55,676,159.44 元，计入的报告期间为 2023 年 1 月 1 日至 2023 年 6 月 30 日，明细如下表： | 单位：人民币元 | | --- | 山东恒邦冶炼股份有限 ...