Financial Performance - The company's operating revenue for the first half of 2018 was CNY 10,403,274,944.02, representing a 1.50% increase compared to CNY 10,249,313,260.88 in the same period last year[18]. - Net profit attributable to shareholders was CNY 226,451,486.48, up 14.69% from CNY 197,448,838.18 year-on-year[18]. - Basic earnings per share rose to CNY 0.250, reflecting a 13.64% increase from CNY 0.220 in the same period last year[18]. - The operating profit for the same period was CNY 26,605.10 million, an increase of 13.53% compared to the previous year[42]. - The company reported a total profit of CNY 266,236,078.00, an increase from CNY 236,426,308.55 year-over-year, which is an increase of approximately 12.6%[150]. - The total comprehensive income for the first half of 2018 was CNY 270,350,420.60, compared to CNY 226,652,335.75 in the previous year, reflecting an increase of approximately 19.2%[151]. Cash Flow - The net cash flow from operating activities reached CNY 687,252,578.98, a significant increase of 809.36% compared to a negative cash flow of CNY 96,883,262.97 in the previous year[18]. - Total cash inflow from operating activities was ¥11,368,067,894.86, while cash outflow was ¥10,680,815,315.88, resulting in a net cash flow of ¥687,252,578.98[158]. - Cash flow from investing activities showed a net outflow of ¥398,366,347.59, compared to a net outflow of ¥142,195,991.36 in the previous period[159]. - Cash inflow from financing activities was ¥5,943,096,613.00, with a net cash flow of ¥72,158,394.57 after outflows[159]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 13,465,979,299.17, a 4.14% increase from CNY 12,930,336,639.57 at the end of the previous year[18]. - The company's total liabilities reached CNY 9.07 billion, an increase from CNY 8.71 billion, marking a growth of around 4%[142]. - Cash and cash equivalents at the end of the period amounted to ¥2,051,957,113.00, representing 15.24% of total assets, an increase from 10.15% year-on-year[53]. - Short-term loans increased to ¥6,547,208,077, accounting for 48.62% of total liabilities, up from 41.83% in the previous period[55]. Revenue Sources - The main products include gold, silver, electrolytic copper, lead, sulfuric acid, and phosphate fertilizers, with gold and silver being the primary revenue sources[26]. - Revenue from non-ferrous metal mining and smelting was ¥10,087,604,937.41, accounting for 96.97% of total revenue, with a year-on-year growth of 1.78%[47]. - Gold revenue decreased by 13.75% to ¥4,204,324,394.66, while silver revenue fell by 4.44% to ¥972,761,925.50[47]. - The company's gross profit margin for the non-ferrous metal mining sector was 7.53%, reflecting a slight increase of 0.83% year-on-year[49]. Investments and R&D - The company has maintained a research and development investment ratio of over 3% of its operating income, resulting in multiple patents and awards for technological advancements[33]. - The company is currently investing 230 million yuan in a project to enhance the processing capacity of anode mud and develop systems for the production of antimony, bismuth, tellurium, and selenium[35]. - The company has developed a series of technologies for resource recovery, achieving high recovery rates for multiple elements from complex gold concentrates[35]. Environmental Management - The company has implemented strict safety and environmental management systems to address risks in mining and refining processes[71]. - Environmental monitoring is conducted by dedicated personnel, ensuring compliance with national regulations regarding waste emissions[71]. - The company reported lead emissions of 0.374 mg/m³ and arsenic emissions of 0.253 mg/m³ from the comprehensive utilization system[104]. - The company has established a comprehensive environmental risk prevention and emergency response system, including a 23,000 m³ accident water pool to handle wastewater in case of incidents[110]. Shareholder Information - The total number of shares is 910,400,000, with 91.84% being unrestricted shares[120]. - Yantai Hengbang Group holds 35.87% of shares, totaling 326,603,866 shares, with 320,600,000 shares pledged[126]. - The company experienced a reduction of 15,600,000 restricted shares, resulting in 58,725,000 restricted shares remaining[120]. Corporate Governance - The company has established a comprehensive safety production management system to ensure accountability at all levels[70]. - The company’s organizational structure includes a board of directors and a supervisory board, with a president responsible for daily operations[179]. - The financial statements are prepared in accordance with the enterprise accounting standards and reflect the company's financial status and operating results accurately[185].

Revenue Performance - Revenue for Q1 2018 was CNY 4,613,074,425.36, a decrease of 6.31% compared to CNY 4,923,881,947.54 in the same period last year[8]. Profitability - Net profit attributable to shareholders increased by 74.47% to CNY 122,912,921.61 from CNY 70,450,250.00 year-on-year[8]. - Net profit excluding non-recurring gains and losses rose by 88.06% to CNY 137,690,920.68 compared to CNY 73,215,366.43 in the previous year[8]. - Basic earnings per share increased by 75.00% to CNY 0.14 from CNY 0.08 in the same period last year[8]. - The net profit attributable to the parent company's shareholders increased by 74.47% year-on-year, mainly due to the rise in market prices of electrolytic copper, lead, and sulfuric acid by 4888.00 CNY/ton, 639.00 CNY/ton, and 123.01 CNY/ton respectively, leading to an increase in product gross margin[16]. - The net profit attributable to the shareholders of the listed company, excluding non-recurring gains and losses, increased by 88.06% year-on-year, driven by the same factors as the net profit increase[16]. - The expected net profit attributable to the shareholders of the listed company for the first half of 2018 is projected to be between 197.45 million CNY and 256.68 million CNY, representing a year-on-year increase of 0.00% to 30.00%[22]. - The significant increase in market prices for main products such as electrolytic copper, lead, and sulfuric acid compared to the same period last year is the primary reason for the expected profit increase[22]. Cash Flow - Net cash flow from operating activities increased by 91.51% to CNY 477,806,367.86 from CNY 249,487,740.41 year-on-year[8]. - The net cash flow from operating activities increased by 91.51% year-on-year, primarily due to a slowdown in the procurement pace of raw materials, which significantly reduced cash outflow for raw material purchases[16]. Assets and Shareholder Information - Total assets at the end of the reporting period were CNY 13,061,698,634.40, an increase of 1.02% from CNY 12,930,336,639.57 at the end of the previous year[8]. - Net assets attributable to shareholders increased by 4.86% to CNY 4,411,775,347.97 from CNY 4,207,463,171.12 at the end of the previous year[8]. - The total number of shareholders at the end of the reporting period was 64,660[12]. - The largest shareholder, Yantai Hengbang Group Co., Ltd., holds 35.87% of the shares, totaling 326,603,866 shares[12]. Non-Recurring Items - The company reported non-recurring losses totaling CNY 14,777,999.07, primarily due to ineffective hedging losses and other non-operating income[9].

Financial Performance - The company's operating revenue for 2017 was CNY 19,523,377,854.76, representing a 19.06% increase compared to CNY 16,397,424,177.50 in 2016[16] - The net profit attributable to shareholders for 2017 was CNY 360,956,311.18, a significant increase of 77.54% from CNY 203,315,113.75 in 2016[16] - The net profit after deducting non-recurring gains and losses was CNY 456,225,619.46, up 39.42% from CNY 327,228,303.21 in the previous year[16] - The net cash flow from operating activities reached CNY 695,361,164.70, marking a 167.67% increase from CNY 259,784,490.94 in 2016[16] - Basic earnings per share for 2017 were CNY 0.40, an increase of 81.82% compared to CNY 0.22 in 2016[16] - The total revenue for Shandong Hengbang Smelting Co., Ltd. in 2017 was 78.3 million, showing a significant increase compared to previous years[176] - The company reported a net profit margin of 10% for the fiscal year 2017, indicating strong operational efficiency[178] Assets and Liabilities - The total assets at the end of 2017 were CNY 12,930,336,639.57, a decrease of 2.67% from CNY 13,285,024,120.40 at the end of 2016[16] - The net assets attributable to shareholders increased by 10.27% to CNY 4,207,463,171.12 from CNY 3,815,761,428.27 in 2016[16] - The company's current liabilities due within one year decreased by 87.41% to CNY 138,236,375.8, primarily due to the repayment of corporate bonds[74] - The company's deferred tax liabilities decreased by 62.23% to CNY 9,604,578.48, mainly due to reduced trading losses impacting deferred tax liabilities[75] Production and Operations - The company achieved a gold production of 38.5 tons and silver production of 550.83 tons in 2017, with an electrolytic copper output of 144,300 tons[37] - The production volume for gold was 38.5 tons, up 4.95% from the previous year, while electrolytic copper production surged by 82.55% to 144,300 tons[45] - The company has a comprehensive recovery rate for complex multi-metal ores that is leading in the industry, significantly improving recovery efficiency and rates through advanced processing technologies[34] - The company’s production lines have a capacity of 50 tons of gold and 700 tons of silver annually, with a by-product capacity of 1 million tons of sulfuric acid[37] Research and Development - The company invested 3% of its revenue in R&D, resulting in 8 invention patents and 12 utility model patents, including a method for extracting platinum and palladium from copper anode mud[35] - The number of R&D personnel increased by 20.10% to 490, reflecting the company's commitment to innovation[66] - The company has allocated 10% of its annual budget towards research and development for new technologies in smelting processes[182] Market and Sales - The company plans to expand its market presence by entering two new provinces in 2018, aiming for a 20% growth in sales volume[180] - The revenue from electrolytic copper constituted 31.70% of total operating revenue, reflecting a year-on-year growth of 101.94%[49] - The company plans to continue expanding its market presence and enhance product sales to improve operational efficiency[52] Dividend and Profit Distribution - The company plans to distribute a cash dividend of CNY 1.00 per share, totaling CNY 91.04 million, based on the 2017 net profit of CNY 360.96 million[95] - The cash dividend distributed in 2017 represented 25.22% of the net profit attributable to shareholders of the listed company, which was 360,956,311.18 yuan[97] - The total distributable profit for 2017 was 2,020,621,015.83 yuan, with the cash dividend accounting for 100% of the profit distribution[98] Environmental and Safety Compliance - Environmental protection measures are in place, with all pollutants meeting national standards and no environmental incidents reported[140] - The company has implemented pollution control measures to ensure no exceedance of emission limits across all monitored pollutants[144] - The company has a comprehensive emergency response plan for environmental incidents, which was revised and filed with the local environmental protection bureau in June 2017[151] Corporate Governance - The company has established a comprehensive corporate governance structure to protect the rights of shareholders and creditors[134] - The board of directors consists of 9 members, including 3 independent directors with expertise in industry, finance, and law, meeting regulatory requirements[199] - The company strictly followed information disclosure regulations, ensuring timely and accurate communication with investors through various channels[200] Future Outlook - The company plans to achieve total revenue of CNY 22.5 billion in 2018, representing a 15.25% increase from CNY 19.52 billion in 2017[89] - The net profit target for 2018 is CNY 425 million, which is a 19.11% increase from CNY 356.82 million in 2017[89] - The company intends to further develop its core business in gold smelting while leveraging its multi-metal recovery capabilities[88]

山东恒邦冶炼股份有限公司 2017 年第三季度报告正文 证券代码：002237 证券简称：恒邦股份 公告编号：2017-066 山东恒邦冶炼股份有限公司 2017 年第三季度报告正文 1 山东恒邦冶炼股份有限公司 2017 年第三季度报告正文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人曲胜利、主管会计工作负责人张克河及会计机构负责人(会计主 管人员)张述璟声明：保证季度报告中财务报表的真实、准确、完整。 2 山东恒邦冶炼股份有限公司 2017 年第三季度报告正文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | 13,957,613,179.97 | 13,285,024,120.40 | | 5.06% | | ...

山东恒邦冶炼股份有限公司 2017 年半年度报告全文 山东恒邦冶炼股份有限公司 2017 年半年度报告 2017-056 2017 年 08 月 1 山东恒邦冶炼股份有限公司 2017 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的 真实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和 连带的法律责任。 公司负责人曲胜利、主管会计工作负责人张克河及会计机构负责人(会计主 管人员)张述璟声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 公司可能面临的重大风险因素：产品价格波动风险、原材料供应不确定性、 套期保值风险、安全生产及环保风险等，具体参见本报告"第四节 经营情况讨 论与分析"中"十 公司面临的风险和应对措施"，请投资者注意投资风险。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 2 | 目录 | | --- | | 2017 | 半年度报告 1 | | --- | --- | | 第一节 | 重要提示、释义 1 | | 第二节 | 公司简介和主要财务指标 4 | | ...

山东恒邦冶炼股份有限公司 2016 年年度报告全文 山东恒邦冶炼股份有限公司 2016 年年度报告 2017-034 2017 年 04 月 1 山东恒邦冶炼股份有限公司 2016 年年度报告全文 第一节 重要提示、目录和释义 本公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的 真实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和 连带的法律责任。 公司负责人曲胜利、主管会计工作负责人张克河及会计机构负责人(会计主 管人员)张述璟声明：保证年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 本年度报告涉及的未来计划、发展战略等前瞻性陈述，不构成公司对投资 者及相关人士的的实质承诺，敬请投资者注意投资风险。公司已在本报告书中 详细描述存在的风险，敬请查阅经营情况讨论与分析中关于公司未来发展的展 望中可能面对的风险因素及对策部分。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 2 | 目录 | | --- | | 第一节 | 重要提示、目录和释义 5 | | --- | --- | | 第二节 | 公司简介和主要财务指标 9 | | 第三节 ...

山东恒邦冶炼股份有限公司 2017 年第一季度报告全文 山东恒邦冶炼股份有限公司 2017 年第一季度报告 2017-036 2017 年 04 月 1 山东恒邦冶炼股份有限公司 2017 年第一季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人曲胜利、主管会计工作负责人张克河及会计机构负责人(会计主 管人员)张述璟声明：保证季度报告中财务报表的真实、准确、完整。 2 山东恒邦冶炼股份有限公司 2017 年第一季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否因会计政策变更及会计差错更正等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） | 4,923,881,947.54 | 3,423,050,248.00 | 43.84% | | 归属于上市公司股东的净利润（元 ...

山东恒邦冶炼股份有限公司 2017 年第一季度报告正文 证券代码：002237 证券简称：恒邦股份 公告编号：2017-037 山东恒邦冶炼股份有限公司 2017 年第一季度报告正文 1 山东恒邦冶炼股份有限公司 2017 年第一季度报告正文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人曲胜利、主管会计工作负责人张克河及会计机构负责人(会计主 管人员)张述璟声明：保证季度报告中财务报表的真实、准确、完整。 2 山东恒邦冶炼股份有限公司 2017 年第一季度报告正文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否因会计政策变更及会计差错更正等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） | 4,923,881,947.54 | 3,423,050,248.00 | 43.84% | ...

山东恒邦冶炼股份有限公司 2016 年年度报告全文 山东恒邦冶炼股份有限公司 2016 年年度报告 2017-034 2017 年 04 月 1 山东恒邦冶炼股份有限公司 2016 年年度报告全文 第一节 重要提示、目录和释义 | 第一节 | 重要提示、目录和释义 5 | | --- | --- | | 第二节 | 公司简介和主要财务指标 9 | | 第三节 | 公司业务概要 12 | | 第四节 | 经营情况讨论与分析 30 | | 第五节 | 重要事项 47 | | 第六节 | 股份变动及股东情况 53 | | 第七节 | 优先股相关情况 53 | | 第八节 | 董事、监事、高级管理人员和员工情况 54 | | 第九节 | 公司治理 60 | | 第十节 | 公司债券相关情况 65 | | 第十一节 | 财务报告 69 | | 第十二节 | 备查文件目录 194 | 山东恒邦冶炼股份有限公司 2016 年年度报告全文 释义 | 释义项 | 指 | 释义内容 | | --- | --- | --- | | 公司、本公司 | 指 | 山东恒邦冶炼股份有限公司 | | 恒邦集团、控股股东 | 指 | 烟台恒邦 ...

山东恒邦冶炼股份有限公司 2016 年第三季度报告正文 证券代码：002237 证券简称：恒邦股份 公告编号：2016-056 山东恒邦冶炼股份有限公司 2016 年第三季度报告正文 山东恒邦冶炼股份有限公司 2016 年第三季度报告正文 第二节 主要财务数据及股东变化 一、主要会计数据和财务指标 公司是否因会计政策变更及会计差错更正等追溯调整或重述以前年度会计数据 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人曲胜利、主管会计工作负责人张克河及会计机构负责人(会计主 管人员)刘大伟声明：保证季度报告中财务报表的真实、准确、完整。 2 1 山东恒邦冶炼股份有限公司 2016 年第三季度报告正文 山东恒邦冶炼股份有限公司 2016 年第三季度报告正文 | | | 对公司根据《公开发行证券的公司信息披露解释性公告第 1 号——非经常性损益》定义界定的非经常性损益项目，以及把《公 开发行证券的公司信息披露解释性公告第 1 号——非经常性 ...