南京寒锐钴业股份有限公司 2022 年第三季度报告 □是 否 证券代码：300618 证券简称：寒锐钴业 公告编号：2022-076 南京寒锐钴业股份有限公司 2022 年第三季度报告 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、第三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 | --- | --- | --- | --- | --- | |------------------------------------------------------|------------------|-------------------------|--------------------------|---- ...

Financial Performance - The company's operating revenue for the first half of 2022 was ¥2,792,603,314.70, representing a 34.28% increase compared to ¥2,079,758,672.96 in the same period last year[21]. - The net profit attributable to shareholders for the first half of 2022 was ¥305,131,358.98, a decrease of 14.22% from ¥355,699,597.78 in the previous year[21]. - The net cash flow from operating activities improved significantly to ¥639,646,038.46, compared to a negative cash flow of ¥396,592,723.08 in the same period last year, marking a 261.29% increase[21]. - The total assets of the company as of June 30, 2022, were ¥8,082,575,390.07, reflecting a 9.54% increase from ¥7,378,648,140.49 at the end of the previous year[21]. - The net assets attributable to shareholders increased by 7.04% to ¥5,066,179,788.86 from ¥4,733,019,299.37 at the end of the previous year[21]. - Basic earnings per share for the first half of 2022 were ¥0.99, down 14.66% from ¥1.16 in the same period last year[21]. - The weighted average return on equity decreased to 6.14%, down from 8.36% in the previous year[21]. Cash Flow and Investments - The company's cash and cash equivalents increased by 942.41% to ¥870,028,580.18, attributed to higher sales receipts[47]. - The company's monetary funds increased by 66.89% to ¥2,096,350,847.62, mainly due to increased sales receipts[52]. - Short-term borrowings rose by 50.25% to ¥1,829,542,228.46, driven by increased funding needs for capacity expansion[52]. - The company reported a decrease in accounts receivable by 2.31% to ¥398,814,243.46, due to improved management of receivables[52]. - The company reported a cash inflow from operating activities of CNY 2,996,981,441.36 for the first half of 2022, compared to CNY 1,444,873,649.20 in the previous year[196]. - The company reported a net cash flow from investment activities of -$234,380,052.43, a decline from a positive cash flow of $283,144,919.86, suggesting challenges in investment returns[199]. Production and Capacity Expansion - The company has increased its cobalt powder production capacity from 3,000 tons to 5,000 tons as of March 2022[36]. - The production capacity for cobalt hydroxide has been expanded from 5,000 tons to 10,000 tons as of June 2022[36]. - The company is expanding its copper production lines in Congo to better utilize local resources[33]. - The company aims to enhance its profitability through a complete industry chain advantage as cobalt product demand increases[42]. Research and Development - Research and development expenses rose by 35.24% to ¥25,491,448.25, mainly due to increased material costs[47]. - The company holds a total of 69 patents, including 28 authorized national invention patents and 41 utility model patents[39]. - The company has launched five new utility model patents and five invention patents during the reporting period[39]. Risk Management - The company has outlined potential risks and corresponding measures in its management discussion section, emphasizing the importance of risk awareness for investors[5]. - The company faces risks from market price fluctuations of cobalt and copper, which can significantly impact revenue and gross profit[82]. - New business layout progress may not meet expectations, potentially affecting future performance in the new energy materials sector[84]. - The company plans to enhance its internal control management system to mitigate management risks associated with its expanding operations[85]. Environmental and Social Responsibility - The company emphasizes low-carbon and environmentally friendly practices, adhering to ISO14001:2015 standards for environmental management[93]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[94]. - The company has made significant community contributions, including the completion of a church donation in Kamimbi village and signing a corporate social responsibility agreement to support local agriculture and education[100]. Shareholder Information - The total number of shares after the recent changes is 309,617,000, with 40,860,743 shares subject to restrictions, representing 13.20% of the total[140]. - The number of unrestricted shares increased to 272,612,906, accounting for 88.05% of the total shares[140]. - The number of shareholders holding common stock at the end of the reporting period was 58,588, with a significant concentration among the top shareholders[145]. - Liang Jie holds 15.94% of the shares, totaling 49,338,977, while Liang Jiankun holds 15.18%, totaling 46,992,435 shares[145]. - The company has not engaged in any share buyback activities during the reporting period[143]. Financial Health - The total liabilities increased to CNY 3,018,236,107.91 from CNY 2,647,281,420.74, marking a rise of approximately 14%[174]. - The company's equity attributable to shareholders reached CNY 5,066,179,788.86, up from CNY 4,733,019,299.37, indicating an increase of about 7.1%[174]. - The company's retained earnings grew to CNY 2,042,213,028.77 from CNY 1,870,217,039.56, reflecting an increase of approximately 9.2%[174].

南京寒锐钴业股份有限公司 2022 年第一季度报告全文 证券代码：300618 证券简称：寒锐钴业 公告编号：2022-033 南京寒锐钴业股份有限公司 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 | --- | --- | --- | --- | |-----------------------------------------------------|------------------|------------------|---------------------------| | | 本报告期 | 上年同期 | ...

南京寒锐钴业股份有限公司 2021 年年度报告全文 南京寒锐钴业股份有限公司 2021 年年度报告 公告编号：2022-020 2022 年 04 月 1 南京寒锐钴业股份有限公司 2021 年年度报告全文 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、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 公司负责人梁杰、主管会计工作负责人韩厚坤及会计机构负责人(会计主管 人员)韩厚坤声明：保证本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。 本报告所涉及的发展战略及未来计划等前瞻性陈述，不构成公司对投资者 的实质承诺。投资者及相关人士均应对此保持足够的风险认识，并且应当理解 计划、预测与承诺之间的差异。 公司在本报告第三节"管理层讨论与分析"中"十一、公司未来发展的展 望"部分，详细描述了公司经营中可能存在的风险及应对措施，敬请投资者关 注相关内容。 公司经本次董事会审议通过的利润分配预案为：以 309,617,139 为基数，向 全体股东每 10 股派发现金红利 4.30 元（含税），送 ...

南京寒锐钴业股份有限公司 2021 年第三季度报告 □ 是 √ 否 证券代码：300618 证券简称：寒锐钴业 公告编号：2021-128 南京寒锐钴业股份有限公司 2021 年第三季度报告 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、第三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 | --- | --- | --- | --- | --- | |------------------------------------------------------|------------------|-------------------------|--------------------------|- ...

Financial Performance - The company's operating revenue for the first half of 2021 reached approximately ¥2.08 billion, representing a 100.79% increase compared to ¥1.04 billion in the same period last year[29]. - Net profit attributable to shareholders of the listed company was approximately ¥355.70 million, a significant increase of 473.98% from ¥61.97 million in the previous year[29]. - The net profit after deducting non-recurring gains and losses was approximately ¥391.02 million, up 558.68% from ¥59.36 million year-on-year[29]. - Basic earnings per share increased to ¥1.16, reflecting a growth of 404.35% compared to ¥0.23 in the same period last year[29]. - The weighted average return on net assets was 8.36%, an increase of 4.98% from 3.38% in the previous year[29]. - The net cash flow from operating activities was negative at approximately -¥396.59 million, a decrease of 215.13% compared to ¥344.48 million in the same period last year[29]. - The company reported a significant increase in income tax expenses, amounting to CNY 79,415,399.83, a 710.38% increase from CNY 9,799,736.36, attributed to increased profitability during the reporting period[48]. Assets and Liabilities - Total assets increased by 12.63% to CNY 6,592,716,439.67 compared to the end of the previous year[32]. - Net assets attributable to shareholders increased by 15.07% to CNY 4,458,643,073.62 compared to the end of the previous year[32]. - Cash and cash equivalents at the end of the reporting period amounted to ¥1,564,985,665.82, accounting for 23.74% of total assets, a decrease of 1.54% compared to the previous year[53]. - Accounts receivable increased by 130.64% to ¥480,924,372.21, representing 7.29% of total assets, due to increased sales volume and price[53]. - Inventory rose to ¥1,902,867,559.31, making up 28.86% of total assets, an increase of 4.93% attributed to expanded production capacity and rising raw material prices[53]. - Fixed assets increased to ¥1,029,620,720.47, accounting for 15.62% of total assets, due to the completion of certain projects[53]. - Short-term borrowings increased by 41.3% to ¥891,191,830.90, representing 13.52% of total assets, driven by increased funding needs for expanded production capacity[53]. Investment and Projects - The company’s total investment during the reporting period was ¥181,659,470.00, a significant increase of 224.56% compared to ¥55,970,233.40 in the same period last year[65]. - The project for the construction of a 5,000-ton electrolytic cobalt production line in Congo has achieved a cumulative investment of RMB 72,284.5 million, reaching 100% of the planned investment[76]. - The company has completed 100% of the investment in the cobalt powder production line renovation and expansion project, with a total investment of RMB 250.44 million[76]. - The company has not yet achieved the expected benefits from the 3,000-ton cobalt powder production line and technology project, which has a cumulative investment of RMB 1,344.24 million[76]. - The company has invested RMB 11,342.88 million from raised funds in the first half of 2021[74]. - The cumulative investment in the Congo project has resulted in realized benefits of RMB 13,547.13 million[76]. Market and Sales - The company reported significant growth in cobalt and copper product sales driven by the rising prices of cobalt salts and the recovery of the global economy[39]. - Cobalt powder is a key raw material for various industries, and the company has become a major supplier in both domestic and international markets[39]. - The company operates a complete supply chain from raw material procurement to production and sales, enhancing its self-supply capability[39]. - The company’s sales network covers major downstream industries in Japan, South Korea, Switzerland, Israel, India, and the United States[39]. Research and Development - The company added 11 utility model patents and 2 invention patents during the reporting period, bringing the total to 49 patents[40]. - The company has established a customer demand-oriented R&D mechanism to meet differentiated needs in the cobalt powder market[40]. - The company emphasizes the importance of continuous product innovation to maintain competitiveness in the cobalt powder market[120]. - The company has established a technical innovation system based in Ganzhou and Anhui to enhance R&D capabilities and product competitiveness[120]. Risk Management - The company has faced risks and has detailed measures to address them in the management discussion section of the report[6]. - The company is committed to improving its internal control systems and risk management frameworks to address management risks associated with business expansion[121]. - The company faces risks from market price fluctuations of cobalt and copper, which could significantly impact revenue and gross profit[117]. Corporate Governance - The company held several shareholder meetings with participation rates around 39.78% to 41.64%, ensuring stakeholder engagement in decision-making[125]. - The company has undergone management changes, including the appointment of a new chairman and general manager, to align with its strategic goals[126]. - The company has established sound business supervision and internal control mechanisms for its overseas subsidiaries, ensuring good operational performance[57]. Environmental and Social Responsibility - The company and its subsidiaries are not classified as key pollutant discharge units and did not face any administrative penalties related to environmental issues during the reporting period[135]. - The company has not engaged in poverty alleviation or rural revitalization efforts during the reporting period but plans to respond to national calls for such initiatives in the future[136]. - The company has not reported any major environmental issues or penalties during the reporting period, indicating compliance with environmental regulations[135]. Shareholder and Investor Relations - The company has actively protected shareholder and creditor rights by adhering to relevant laws and regulations, ensuring timely and accurate information disclosure[136]. - The company has established effective communication channels with investors, including online performance briefings and investor interaction platforms[136]. - The company will continue to disclose information regarding the H share IPO progress and associated risks to investors[181].

Financial Performance - The company's revenue for Q1 2021 reached ¥1,036,063,529.84, representing a 102.65% increase compared to ¥511,247,058.43 in the same period last year[9] - Net profit attributable to shareholders was ¥99,958,828.67, a significant increase of 339.31% from ¥22,753,401.55 in the previous year[9] - The net profit after deducting non-recurring gains and losses was ¥214,237,404.02, marking an 866.80% increase from ¥22,159,397.98 year-on-year[9] - Basic earnings per share rose to ¥0.33, up 312.50% from ¥0.08 in the same quarter last year[9] - The company's total revenue for the first quarter of 2021 reached CNY 103,606.35 million, representing a year-on-year increase of 102.65% due to rising demand in the electric vehicle sector and successful production of new projects[29] - Cobalt product sales increased by 11.47% year-on-year, while copper product sales surged by 173.08% during the same period[29] - The average market price for cobalt rose by 29.42% year-on-year, and copper prices increased by 50.38%[29] - The company's net cash flow from operating activities was negative CNY 13,141.71 million, a decrease of 188.85% compared to the previous year, attributed to increased procurement[28] - The total cost of sales rose by 62.16% year-on-year to CNY 68,531.94 million, driven by higher sales volumes and prices of cobalt and copper[26] - The company reported a significant increase in accounts receivable, which rose by 150.90% year-on-year, reflecting higher sales volumes[26] Assets and Liabilities - The total assets at the end of the reporting period were ¥6,042,017,547.51, a 3.22% increase from ¥5,853,377,792.16 at the end of the previous year[9] - The net assets attributable to shareholders increased by 10.86% to ¥4,295,516,950.27 from ¥3,874,698,626.59 at the end of the last year[9] - The company's current assets totaled CNY 4,236,146,306.76, up from CNY 3,904,967,770.31 at the end of 2020, reflecting a growth of approximately 8.5%[57] - Cash and cash equivalents decreased to CNY 619,630,428.20 from CNY 1,479,645,410.49, indicating a decline of about 58%[57] - The company's inventory stood at CNY 1,403,945,727.60, slightly increasing from CNY 1,400,770,658.15, showing a marginal growth of 0.2%[57] - Total liabilities decreased to CNY 1,746,444,033.44 from CNY 1,980,162,393.19, a reduction of about 11.8%[63] - The total current liabilities amounted to CNY 1,566,214,498.06, an increase from CNY 1,388,377,483.43, reflecting a growth of approximately 12.8%[63] Investments and Projects - The company has completed the investment in the "Cobalt Powder Production Line Renovation and Expansion Project" with a total investment of CNY 17,644 million, achieving 100% of the planned progress[39] - The "Congo Mite Construction of 5,000 Tons of Electrolytic Cobalt Production Line Project" has a total investment of CNY 14,916.9 million, with CNY 9,126.2 million invested to date, achieving 100% of the planned progress[39] - The "Annual Production of 3,000 Tons of Metal Cobalt Powder Production Line and Technology Center Construction Project" has a total investment of CNY 17,393.56 million, with CNY 17,642.21 million invested, exceeding the planned progress by 1.43%[39] - The total cumulative investment of the company in various projects amounts to CNY 86,476.01 million, with a total of CNY 14,997.99 million in expected benefits realized[39] - The project for the construction of 20,000 tons of electroplated copper and 5,000 tons of electroplated cobalt has been delayed, with the expected operational date adjusted to December 31, 2020, due to COVID-19 impacts on logistics and personnel availability[42] Fundraising and Financial Management - The total amount of funds raised by the company is CNY 261,813.7 million, with CNY 4,268.25 million invested in the current quarter[35] - The cumulative amount of changed-use raised funds is CNY 53,064.33 million, accounting for 20.27% of the total raised funds[35] - The company has decided to exercise the conditional redemption right for the "Hanrui Convertible Bonds" (code: 123017) due to the closing price exceeding 130% of the conversion price for 15 out of 30 trading days[32] - The redemption date for the "Hanrui Convertible Bonds" is set for February 24, 2021, with trading and conversion ceasing thereafter[32] - The company has published 15 redemption notices to inform bondholders about the redemption process[32] - The company has approved the use of up to 1.8 billion RMB of idle funds for purchasing principal-protected short-term financial products, with a remaining balance of 1.27 billion RMB in such products as of March 31, 2021[48] - The company has established strict approval procedures for the use of fundraising, ensuring funds are used specifically for their intended purposes[48] - The company has not reported any issues or other situations regarding the use and disclosure of fundraising[48] Research and Development - Research and development expenses for the quarter were ¥9,866,843.85, down from ¥12,080,597.75, indicating a decrease of approximately 18.3%[76] - The company has incurred research and development expenses of ¥4,315,860.37 in the previous period, indicating ongoing investment in innovation[83] Market Conditions and Strategic Adjustments - The COVID-19 pandemic has significantly affected the expected production capacity, leading to a failure to achieve anticipated revenue[42] - The company has made strategic adjustments to its fundraising project timelines in response to market conditions and operational realities[42] - The company aims to expand its hydroxide cobalt production capacity to better meet market demand, with the new project location in Kolwezi providing stable raw material supply[42] - The company has shifted its fundraising project focus from a cobalt powder production line to the construction of a 3,000 tons metal cobalt powder production line and technology center to enhance production capacity and technical level[42] - The adjustments made are intended to improve the efficiency of fundraising utilization and support the company's long-term development[42]

南京寒锐钴业股份有限公司 2020 年年度报告全文 南京寒锐钴业股份有限公司 2020 年年度报告 公告编号：2021-063 2021 年 04 月 1 南京寒锐钴业股份有限公司 2020 年年度报告全文 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、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 公司负责人梁杰、主管会计工作负责人韩厚坤及会计机构负责人(会计主管 人员)韩厚坤声明：保证本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。 本报告所涉及的发展战略及未来计划等前瞻性陈述，不构成公司对投资者 的实质承诺。投资者及相关人士均应当对此保持足够的风险认识，并且应当理 解计划、预测与承诺之间的差异。 公司在本报告第四节"经营情况讨论与分析"中"九、公司未来发展的展望" 部分，详细描述了公司经营中可能存在的风险及应对措施，敬请投资者关注相 关内容。 公司经本次董事会审议通过的利润分配预案为：以 309,617,139 为基数，向 全体股东每 10 股派发现金红利 2.2 元（含税），送 ...

南京寒锐钴业股份有限公司 2020 年第三季度报告全文 南京寒锐钴业股份有限公司 2020 年第三季度报告 公告编号：2020-102 1 2020 年 10 月 南京寒锐钴业股份有限公司 2020 年第三季度报告全文 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。 公司负责人梁建坤、主管会计工作负责人韩厚坤及会计机构负责人(会计主 管人员)韩厚坤声明：保证季度报告中财务报表的真实、准确、完整。 2 南京寒锐钴业股份有限公司 2020 年第三季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 | --- | --- | --- | --- | --- | |-----------------------------------------------------|-------------------------------|-------------------------|------ ...

Financial Performance - The company's operating revenue for the first half of 2020 was RMB 1,035,770,349.13, representing a 12.32% increase compared to RMB 922,135,439.61 in the same period last year[26]. - The net profit attributable to shareholders of the listed company was RMB 61,971,085.41, a significant turnaround from a loss of RMB 76,527,243.13 in the previous year, marking an increase of 180.98%[26]. - The net profit after deducting non-recurring gains and losses was RMB 59,364,182.27, compared to a loss of RMB 78,307,602.89 in the same period last year, reflecting a 175.81% improvement[26]. - The net cash flow from operating activities was RMB 344,475,939.10, up 25.58% from RMB 274,303,516.88 in the previous year[26]. - Basic earnings per share increased to RMB 0.23 from a loss of RMB 0.28, representing a 182.14% improvement[26]. - The diluted earnings per share also improved to RMB 0.22 from a loss of RMB 0.28, reflecting a 178.57% increase[26]. - The weighted average return on net assets was 3.38%, a significant increase of 7.53% compared to -4.15% in the previous year[26]. - Total assets at the end of the reporting period were RMB 3,561,384,073.91, a 1.69% increase from RMB 3,502,160,943.44 at the end of the previous year[26]. - The net assets attributable to shareholders of the listed company were RMB 1,887,997,812.23, up 6.17% from RMB 1,778,230,073.70 at the end of the previous year[26]. Dividend and Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares for the reporting period[7]. - The company held its first extraordinary shareholders' meeting of 2020 on March 23, with a participation rate of 51.84%[129]. - The company plans not to distribute cash dividends or issue bonus shares for the half-year period[130]. - The total number of shares increased from 268,845,247 to 269,446,934 due to the conversion of convertible bonds, with a total increase of 601,687 shares[180]. - As of June 30, 2020, the company had 4,027,965 convertible bonds remaining, with a total remaining amount of 402.80 million yuan, representing an unconverted ratio of 91.54%[180]. - The net asset value per share increased from 6.93 yuan to 7.01 yuan following the share capital changes[180]. - The total number of ordinary shareholders at the end of the reporting period was 38,524[189]. - Major shareholders include Liang Jie with a 21.89% stake (58,989,000 shares) and Liang Jiankun with an 18.64% stake (50,232,000 shares)[189]. - The company did not experience any changes in its controlling shareholder or actual controller during the reporting period[194]. Operational Developments - The company reported a 75.2% year-on-year increase in electrolytic copper sales volume due to the completion of production line upgrades[41]. - Cobalt product costs decreased by 12.25% year-on-year, enhancing the company's profitability during the reporting period[41]. - Fixed assets increased by 64.76% to CNY 678.54 million, primarily due to the commissioning of the electrolytic copper project[44]. - The net amount of accounts receivable decreased by 39.25% to CNY 184.61 million, attributed to improved cash collection[44]. - The company established a marketing network in Japan, South Korea, Switzerland, Israel, India, and the United States, enhancing its sales capabilities[40]. - The company aims to optimize inventory structure and control raw material procurement costs to further improve profitability[41]. - The company has a strong supply chain self-sufficiency capability, ensuring stable production and sales of cobalt and copper products[39]. - The company’s sales volume has maintained steady growth despite the challenges posed by the COVID-19 pandemic and international market fluctuations[57]. Investment and Fundraising - The company raised 1,901,275,999.20 CNY through a non-public offering of A-shares to support project construction in Ganzhou[59]. - The total investment amount for the reporting period was ¥55,970,233.40, a decrease of 81.76% compared to ¥306,865,818.90 in the same period last year[77]. - The company made a significant equity investment of ¥6,305,940.00 in Congo Mai Te, acquiring a 100% stake, with the project transformation currently underway[80]. - The total amount of raised funds was ¥75,047.5 million, with ¥3,293.34 million invested during the reporting period and a cumulative investment of ¥73,584.8 million[84]. - The cumulative change in the use of raised funds amounted to ¥53,064.33 million, representing 70.71% of the total raised funds[84]. - The company raised ¥44,000.00 million through the issuance of convertible bonds, with a net amount of ¥42,486.60 million after deducting issuance costs[85]. - The company has established a wholly-owned subsidiary in the Democratic Republic of Congo to manage its cobalt production projects[95]. Project Management and Challenges - The company adjusted the expected operational status of the cobalt projects due to construction delays caused by weather and the COVID-19 pandemic, extending the expected completion date to December 31, 2020[92]. - The company has faced challenges in achieving expected benefits due to the impact of the COVID-19 pandemic on project management and logistics[92]. - The company has changed its fundraising project from "5,000 tons of hydroxide cobalt project" to "5,000 tons of electrowinning cobalt project" to enhance competitiveness and adapt to market conditions[95]. - The investment project in Kolwezi for 20,000 tons of electrolytic copper and 5,000 tons of electrolytic cobalt has its operational timeline extended to December 31, 2020, due to delays caused by the COVID-19 pandemic affecting personnel and logistics[111]. Risk Management - The company faces risks from fluctuations in cobalt and copper metal prices, which directly impact revenue and gross profit due to their dependence on economic cycles and downstream demand[123]. - Management risks are highlighted as the company expands its operations, necessitating improvements in internal control systems and talent acquisition[125]. - The company has implemented a closed-loop management mechanism to enhance operational efficiency and risk management capabilities[60]. Corporate Governance and Compliance - The half-year financial report has not been audited[138]. - There were no significant litigation or arbitration matters during the reporting period[140]. - The company did not engage in any major related party transactions during the reporting period[145]. - The company has not implemented any employee stock ownership plans or other incentive measures during the reporting period[144]. - The company did not provide guarantees to shareholders, actual controllers, or their related parties[162]. - There were no violations of external guarantees during the reporting period[163]. - The company did not engage in significant environmental pollution activities and is not listed as a key pollutant unit[167]. - The company has not yet initiated targeted poverty alleviation efforts but plans to focus on it in the future[168].