兴业银锡(000426) - 2022 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2022 was ¥2,085,888,738.73, an increase of 3.84% compared to ¥2,008,804,402.32 in 2021[16]. - The net profit attributable to shareholders for 2022 was ¥173,900,470.00, a decrease of 29.44% from ¥246,465,571.88 in 2021[16]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥200,798,812.84, down 27.34% from ¥276,352,582.23 in 2021[16]. - The net cash flow from operating activities increased by 12.89% to ¥776,720,487.49 from ¥688,043,714.49 in 2021[16]. - The total assets at the end of 2022 were ¥9,623,982,135.25, reflecting a 6.30% increase from ¥9,053,627,782.98 at the end of 2021[17]. - The net assets attributable to shareholders at the end of 2022 were ¥5,550,724,678.52, up 3.47% from ¥5,364,742,471.13 at the end of 2021[17]. - The basic earnings per share for 2022 was ¥0.0947, a decrease of 29.43% from ¥0.1342 in 2021[17]. - The total profit for 2022 was CNY 18,234,850, a decrease of 48.86% year-on-year, while the net profit attributable to shareholders was CNY 17,390,050, down 29.44%[49]. - The company reported a significant increase in zinc concentrate revenue, which reached CNY 772,295,537.57, accounting for 37.02% of total revenue, reflecting a growth of 32.67%[50]. Dividends and Profit Distribution - The company reported a cash dividend of 0.17 yuan per 10 shares for all shareholders, based on a total of 1,837,192,219 shares[5]. - The total distributable profit for 2022 was CNY 297,078,111.11, with a cash dividend distribution of CNY 31,232,267.72, representing 100% of the profit distribution[139]. - The cash dividend totalled CNY 31,232,267.72, with a remaining undistributed profit balance of CNY 265,845,843.39 to be retained for the next fiscal year[139]. Business Operations and Strategy - The company has not changed its main business, which is focused on non-ferrous metal mining, since the last report period[14]. - The company's main business is non-ferrous and precious metal mining and smelting, with 99.71% of 2022 revenue coming from non-ferrous metal mining[27]. - The company operates 13 subsidiaries across five sectors: mining, smelting, investment, trade, and research[27]. - The company has maintained a leading position in the non-ferrous metal mining industry, with significant mineral reserves and production capacity[25]. - The company has established a complete industrial chain for non-ferrous metal resources, enhancing its risk resistance and development potential[37]. - The company plans to enhance its resource reserves by acquiring mining rights from its controlling shareholder, which will further strengthen its market position[44]. Risk Management - The company emphasizes the potential risks related to market price fluctuations, safety production, environmental protection, and policy changes[4]. - The company's future development outlook includes a discussion of potential risks in the management analysis section of the report[4]. - The company must obtain mining and exploration rights, and failure to renew these rights in a timely manner could adversely affect operations[104]. - The company plans to enhance risk control awareness and conduct futures hedging to mitigate the impact of market price fluctuations on performance[104]. Environmental Responsibility - The company is committed to environmental protection and has not been affected by environmental policies during the reporting period[24]. - The company has implemented measures to ensure that wastewater is treated and reused, with no external discharge occurring[151]. - The company has established a commitment management system to regulate the fulfillment of performance commitments and protect the interests of minority investors[149]. - The company has actively maintained and repaired pollution prevention facilities to ensure compliance with environmental standards during daily operations[151]. - The company has committed over 3 million yuan in donations for public health and poverty alleviation efforts during the reporting period[154]. Governance and Management - The company’s financial report has been confirmed as true, accurate, and complete by its management team, including the CEO and accounting head[4]. - The company has established an independent governance structure, ensuring operational independence from the controlling shareholder in personnel, business, assets, and financial matters[107][108]. - The company’s board includes 12 members, with 4 independent directors and 8 non-independent directors[113]. - The company has maintained a stable management structure with no reported resignations or dismissals during the reporting period[112]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to 9.4629 million CNY, with a total standard for remuneration and allowances set at 7.8632 million CNY[122]. Research and Development - The company is committed to continuous research and development, collaborating with top research institutions to improve mining technology and processes[48]. - R&D investment amounted to ¥75,341,487.98 in 2022, accounting for 3.61% of operating revenue, a notable increase from 0% in 2021[75]. - The company has increased its R&D personnel to 139 in 2022, representing 13.63% of the workforce, a significant increase from 0% in 2021[75]. - The company is exploring automation technologies to address labor shortages and improve production efficiency in mining operations[70]. Subsidiary Performance - Inner Mongolia Xingye Mining Co., Ltd. reported a net profit of -24.24 million CNY for the year 2022, a significant decline compared to previous years[94]. - The company’s subsidiary, Rongbang Mining, achieved a net profit of 5.00 million CNY in 2022, down 84.59% from 32.46 million CNY in 2021, primarily due to lower ore grades during the construction of the second phase of the mining area[96]. - Qianjinda Mining reported a net profit of 30.32 million CNY in 2022, a decrease of 85.08% from 203.17 million CNY in 2021, attributed to insufficient ore reserves during construction[97]. Restructuring and Compliance - The company completed a restructuring that resulted in the acquisition of 100% of Yinman Mining, which is currently in the construction phase and will engage in silver mining and sales upon commencement of operations[161]. - The company has committed to maintaining the independence of its operations and avoiding any related party transactions that could harm shareholder interests[162]. - The company has established measures to prevent competition with the listed company, including ceasing competitive operations or transferring competing assets at fair prices[166]. - The company has confirmed that it has not engaged in any illegal activities or significant civil litigation related to economic disputes in the last five years[165]. Financial Management - The company has engaged Tianheng Accounting Firm for internal control audits, with a fee of 600,000 yuan for the reporting period[188]. - The company has confirmed a contingent liability of CNY 71.1788 million due to a lawsuit regarding a 51% equity transfer, which was reversed after winning the appeal[190]. - The company has included 14 subsidiaries and partnerships in its consolidated financial statements, an increase of 1 compared to the previous year, due to the establishment of Haishuo Investment, with a total subscribed capital contribution ratio of 100%[187]. - The company has received partial cash dividends returned from related parties, totaling RMB 1,005,600, with specific amounts from different entities[177].