Financial Performance - Other expenses for the year ended December 31, 2019, amounted to RMB 565.918 million, a significant increase from RMB 289.674 million in 2018, representing an increase of approximately 95.5%[2] - The fair value loss on financial assets measured at fair value through profit or loss was RMB 395.160 million for 2019, compared to RMB 186.650 million in 2018, indicating a rise of about 111.1%[3] - The net impairment loss on trade receivables increased to RMB 15.556 million in 2019 from RMB 2.133 million in 2018, reflecting a substantial increase of approximately 629.5%[3] - The cost of sold raw materials was RMB 69.316 million in 2019, up from RMB 59.132 million in 2018, which is an increase of about 17.5%[3] - The net loss on the disposal of property, plant, and equipment was RMB 13.151 million in 2019, compared to RMB 0.778 million in 2018, marking an increase of approximately 1585.3%[3] - The impairment of investments in joint ventures amounted to RMB 21.782 million in 2019, with no such impairment recorded in 2018[3] - Inventory write-downs to net realizable value were RMB 21.455 million in 2019, compared to RMB 4.612 million in 2018, representing an increase of approximately 365.5%[3] Exploration and Other Expenses - The company reported exploration expenses of RMB 4.595 million in 2019, a decrease from RMB 7.030 million in 2018, indicating a reduction of about 34.5%[3] - The net exchange differences were not recorded in 2019, while RMB 24.420 million was recorded in 2018, showing a significant decrease[3] - The company maintains that the additional information provided does not affect the contents of the annual report[4]
赣锋锂业(01772) - 2020 - 年度财报