Financial Performance - The company's operating revenue for the first half of 2022 was CNY 3,411,521,231.69, representing a 290.23% increase compared to CNY 874,239,903.76 in the same period last year[12]. - Net profit attributable to shareholders reached CNY 1,322,711,429.01, a significant increase of 663.85% from CNY 173,163,238.17 year-on-year[12]. - The basic earnings per share were CNY 2.9026, up 642.54% from CNY 0.3909 in the previous year[12]. - Total assets at the end of the reporting period amounted to CNY 9,097,802,825.79, reflecting a 48.04% increase from CNY 6,145,368,623.20 at the end of the previous year[12]. - The net assets attributable to shareholders increased to CNY 5,447,425,973.01, a growth of 33.83% compared to CNY 4,070,468,178.88 at the end of the previous year[12]. - The company reported a net cash flow from operating activities of CNY 1,274,168,765.47, which is a 680.15% increase from CNY 163,324,216.47 in the same period last year[12]. - The diluted earnings per share were CNY 2.7860, marking a 612.71% increase from CNY 0.3909 year-on-year[12]. - The weighted average return on net assets was 27.70%, up from 5.16% in the previous year, indicating improved profitability[12]. Business Operations and Strategy - The company is engaged in lithium battery raw material development, rare light metal resource development, and solid mineral exploration, focusing on lithium mining and lithium salt production[17]. - The global demand for lithium is expected to increase significantly, with an estimated demand of approximately 346,000 tons LCE by 2022, driven by the growth in the electric vehicle market[18]. - The company is a key supplier of battery-grade lithium fluoride and high-purity lithium carbonate, positioning itself to benefit from the increasing demand for lithium-ion batteries[20]. - The company anticipates robust growth in its lithium carbonate, lithium hydroxide, and lithium fluoride businesses due to rising demand for lithium-ion batteries[20]. - The company has established a strong competitive advantage in resource-based mining, crucial for securing key mineral reserves for future growth[25]. - The company is actively seeking potential lithium resource projects to increase its lithium resource reserves[52]. Environmental and Social Responsibility - The company has not experienced any environmental pollution incidents to date, adhering strictly to national environmental laws and regulations[89]. - The company has implemented a comprehensive waste management system, including a solid waste storage facility of 3,894 m² and a temporary storage area of 720 m²[89]. - The company emphasizes employee welfare by providing training opportunities and maintaining a performance management system to enhance employee satisfaction[96]. - The company actively engages in social responsibility initiatives, including donations for pandemic relief and support for local communities[98]. - The company donated 520,000 RMB to the Central South University Education Foundation from 2011 to 2020 to support education and research initiatives[98]. - The company contributed 300,000 USD to local communities in Zimbabwe after acquiring the Bikita mine, supporting education, healthcare, and infrastructure[98]. Research and Development - Research and development expenses surged by 569.90% to CNY 103,396,141.60, driven by increased spending on new products and processes[58]. - The company has developed 86 technology patents in the rare light metal sector, including 8 domestic invention patents and 66 foreign patents[43]. - The company’s lithium salt products have entered the global supply chain of Tesla, enhancing its market position[41]. Financial Position and Investments - The company has a budget of 72.31 million CNY for overseas mineral resource exploration in 2022-2023, focusing on lithium and cesium resources in Zimbabwe and Canada[34]. - The company reported a significant increase in intangible assets to ¥1,736,555,907.22, which accounted for 19.09% of total assets, mainly due to the valuation increase from the Bikita project acquisition[63]. - The company has a total of 104 mining rights, including 47 mining rights and 44 exploration rights, with significant resources located in Canada, Zambia, and Zimbabwe[36]. - The company completed the acquisition of 100% ownership of the Bikita mine in Zimbabwe, which has a lithium resource of 849.6 thousand tons LCE[51]. Shareholder and Governance - The company plans not to distribute cash dividends or issue bonus shares for the reporting period[2]. - The company has established a comprehensive governance structure to protect the rights of investors, particularly minority shareholders[96]. - The company held three shareholder meetings during the reporting period, with investor participation rates of 28.99%, 19.31%, and 24.40% respectively[81]. - The company has committed to not seeking control of Zhongmin Resources for 60 months post-transaction completion, with commitments made by nine shareholders[100]. Risks and Compliance - The company faces risks related to exchange rate fluctuations, trade protection, and changes in overseas investment policies, which could impact its revenue and asset safety[78]. - To mitigate foreign exchange risks, the company uses relatively stable currencies for overseas transactions and sets contract terms to reduce exchange rate exposure[79]. - The company has not engaged in any violations regarding external guarantees during the reporting period[102]. Market Outlook - The recovery of downstream demand and stabilization of lithium prices are expected to enhance the company's market position[19]. - Future performance guidance suggests a positive outlook, with expectations for continued revenue growth and market expansion initiatives[121].

Financial Performance - The company's operating revenue for 2021 was ¥2,394,085,800.33, representing an increase of 87.67% compared to ¥1,275,709,822.53 in 2020[14]. - The net profit attributable to shareholders for 2021 was ¥558,220,840.05, a significant increase of 220.33% from ¥174,262,749.51 in 2020[14]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥539,602,829.87, up 255.05% from ¥151,979,789.32 in 2020[14]. - The net cash flow from operating activities for 2021 was ¥654,146,180.88, an increase of 181.64% compared to ¥232,263,311.41 in 2020[14]. - The basic earnings per share for 2021 was ¥1.7717, reflecting an increase of 182.79% from ¥0.6265 in 2020[14]. - The diluted earnings per share for 2021 was ¥1.5432, which is a 146.32% increase from ¥0.6265 in 2020[14]. - The total assets at the end of 2021 were ¥6,145,368,623.20, a growth of 24.91% from ¥4,919,946,732.46 at the end of 2020[15]. - The net assets attributable to shareholders at the end of 2021 were ¥4,070,468,178.88, an increase of 28.56% from ¥3,166,105,697.29 at the end of 2020[15]. - The company achieved a revenue of CNY 239,408.58 million in 2021, representing a year-on-year growth of 87.67%[65]. - The net profit attributable to shareholders reached CNY 55,822.08 million, a significant increase of 220.33% compared to the previous year[65]. Business Operations and Strategy - Since its listing in 2014, the company has shifted its main business focus to the development and utilization of rare light metal resources and lithium battery new energy materials, following acquisitions in 2018 and 2019[11]. - The company operates in solid mineral exploration technology services, mineral rights investment, and mining development, with a significant emphasis on rare metals such as cesium and rubidium[11]. - The company’s main business has evolved to include solid mineral exploration and mining rights development, reflecting strategic growth in the mining sector[11]. - The company is focused on expanding its mining rights through acquisitions and partnerships, enhancing its resource base for future development[53]. - The company is committed to becoming an internationally leading geological exploration enterprise by providing high-quality geological exploration technical services to overseas clients[109]. - The company is focused on solid mineral exploration and mining rights development, ensuring normal production of existing mines and acquiring high-quality lithium, cesium, and rubidium resources globally[109]. Market Position and Product Development - The company is the only global producer and supplier of cesium formate, which is primarily used in high-quality drilling fluids for the oil and gas industry, indicating a strong market position[24]. - The company is positioned to benefit from the increasing recognition of cesium and rubidium in high-tech applications, as the market for cesium and rubidium products is expected to expand significantly[22]. - The company has established a strong competitive advantage in the rare light metal sector, particularly in cesium and rubidium resource development[42]. - The company has developed 86 technology patents in the cesium and rubidium production process, enhancing production reliability and product quality[56]. - The company has a diverse product range in cesium and rubidium salts, including high-value products like cesium iodide and cesium fluoride, catering to a wide array of customer needs[57]. Research and Development - Research and development expenses increased by 87.44% to ¥57,983,524.57, primarily due to increased spending on new products and processes[83]. - The company is developing a preparation technology for 99.99% pure rubidium bicarbonate, with a market demand growth rate of 20% per year[84]. - The company completed the research project on lithium carbonate mother liquor recovery technology in 2021, optimizing processes to effectively recover lithium and reduce production costs[86]. - The company achieved a purity of over 99.95% for lithium benzoate, meeting market quality requirements, with a focus on enhancing lithium salt product offerings[86]. Environmental and Social Responsibility - The company has established pollution control standards for hazardous waste storage and disposal, ensuring compliance with environmental regulations[160]. - The company has not experienced any environmental pollution incidents to date, demonstrating effective pollution control measures[162]. - The company actively participated in social responsibility initiatives, including donations of cash and medical supplies during the COVID-19 pandemic[170]. - The company has committed to fulfilling its social responsibility by supporting charitable activities and poverty alleviation efforts[173]. Governance and Compliance - The company emphasizes the importance of governance, ensuring equal rights for all shareholders and maintaining independent operations from controlling shareholders[116]. - The board of directors consists of 9 members, including 3 independent directors, and has held 7 meetings during the reporting period[116]. - The company has a complete and independent organizational structure, with clear responsibilities across all departments[118]. - The company has not faced any penalties from securities regulatory authorities for its directors, supervisors, and senior management in the past three years[128]. - The company has established a complete and independent financial management system, ensuring no interference from the controlling shareholder[118]. Future Outlook - The company plans to build a new production line for 35,000 tons of battery-grade lithium hydroxide and lithium carbonate in 2023, indicating future growth in the lithium segment[50]. - The company aims to achieve an annual production capacity of 25,000 tons of battery-grade lithium hydroxide and lithium carbonate, along with a 6,000 tons/year lithium fluoride production line[110]. - The company anticipates global lithium demand to increase from 430,000 tons in 2021 to 1,540,000 tons by 2025, indicating a broad market outlook[85].

Financial Performance - The company's revenue for Q3 2021 reached ¥520,688,558.57, representing a 71.01% increase year-over-year[3] - Net profit attributable to shareholders was ¥129,148,838.29, a significant increase of 406.31% compared to the same period last year[3] - The net profit after deducting non-recurring gains and losses was ¥128,250,352.67, up 456.38% year-over-year[3] - The company reported a basic earnings per share of ¥0.4002, which is a 335.95% increase compared to the same period last year[3] - Total revenue for the third quarter reached ¥1,394,928,462.33, a significant increase from ¥823,295,250.97 in the same period last year, representing a growth of approximately 69.5%[15] - Net profit attributable to the parent company was CNY 302,312,076.46, compared to CNY 100,528,741.39 in Q3 2020, reflecting a significant increase of about 200.5%[17] - Operating profit for the quarter reached CNY 390,548,227.40, up from CNY 130,581,358.50 in the previous year, marking an increase of approximately 199.5%[16] - The total comprehensive income for the quarter was CNY 342,545,342.74, compared to CNY 1,592,228.09 in the same period last year, showing a substantial increase[17] Assets and Liabilities - The total assets as of the end of Q3 2021 amounted to ¥5,624,777,939.78, reflecting a 14.33% increase from the end of the previous year[3] - Current assets totaled ¥2,622,560,288.90 as of September 30, 2021, compared to ¥2,276,652,100.02 at the end of 2020, indicating an increase of about 15.2%[12] - Non-current assets increased to ¥3,002,217,650.88 from ¥2,643,294,632.44, reflecting a growth of approximately 13.5%[13] - Total liabilities rose to ¥1,889,450,329.03 from ¥1,747,207,365.79, which is an increase of about 8.1%[15] - The company’s total liabilities increased by 70.78% to ¥354,439,862.68, primarily due to increased short-term bank loans[5] - The company’s contract liabilities rose by 204.00% to ¥46,970,694.15, attributed to an increase in customer prepayments[5] Cash Flow - Cash flow from operating activities for the year-to-date reached ¥178,222,578.36, showing a 113.00% increase year-over-year[6] - The company reported a net cash flow from operating activities of CNY 178,222,578.36, an increase from CNY 83,671,021.82 in Q3 2020, representing a growth of approximately 112.5%[19] - The net cash flow from investment activities was -116,707,261.37 CNY, compared to -717,682,205.17 CNY in the previous period, indicating an improvement[20] - The total cash inflow from financing activities was 499,532,512.18 CNY, down from 1,684,015,344.68 CNY in the previous period[20] - The net cash flow from financing activities was 87,680,963.62 CNY, compared to 703,057,619.01 CNY in the previous period, showing a significant decrease[20] - The cash and cash equivalents at the end of the period amounted to 714,359,178.11 CNY, up from 236,424,716.06 CNY in the previous period[20] - The company reported a cash increase of 144,396,085.28 CNY during the quarter, compared to an increase of 64,792,200.93 CNY in the previous period[20] Shareholder Information - The total number of common shareholders at the end of the reporting period is 44,567, with the largest shareholder, China Nonferrous Metal Mining Group Co., Ltd., holding 16.11% of shares, equivalent to 52,000,000 shares[7] - Sun Meichun, a natural person, holds 7.10% of shares, totaling 22,927,650 shares, with 19,610,737 shares under lock-up conditions[7] - The top ten shareholders hold a significant portion of shares, with the largest shareholder holding over 16%[9] Research and Development - Research and development expenses increased by 51.74% to ¥32,219,047.71, driven by new product and technology development[6] - Research and development expenses amounted to CNY 32,219,047.71, compared to CNY 21,233,093.77 in the same quarter last year, indicating a rise of about 51.8%[16] International Projects - The company is actively promoting several projects in Zambia, including a hospital construction contract valued at USD 220 million, with a completion period of 36 months[10] - The total amount for the Zambia Army project is USD 247,291,522, also with a planned duration of 36 months[10] - The company has a project for constructing 14 markets and bus stations in Zambia, with a contract amount of USD 243,416,589 and a construction period of 36 months[10] - The company has engaged in financing and construction contracts in Zambia, indicating a strategy for market expansion and international projects[10] Convertible Bonds - The company has issued 800,000 convertible bonds with a total issuance amount of RMB 80 million, with a conversion period of 6 years starting from December 17, 2020[11] - As of September 30, 2021, 2,741,000 yuan of the convertible bonds have been converted into 177,718 shares, reducing the bond quantity by 27,410[11] - The company has a total of 1,515,323 convertible bonds remaining unconverted, accounting for 18.94% of the total issuance[11] Other Information - The company did not require adjustments to the beginning balance sheet items under the new leasing standards, as the leases were operating leases to be completed within 12 months[21] - The third quarter report was not audited, indicating that the figures presented are unaudited[22]