盛达资源(000603) - 2019 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2019 was CNY 2,900,686,684.46, representing a 20.77% increase compared to CNY 2,401,820,094.78 in 2018[23] - The net profit attributable to shareholders of the listed company was CNY 448,436,292.55, an increase of 8.91% from CNY 411,755,333.63 in the previous year[23] - The net profit after deducting non-recurring gains and losses was CNY 376,216,426.51, which is a 23.33% increase from CNY 305,057,764.08 in 2018[23] - The basic earnings per share for 2019 was CNY 0.65, up 8.91% from CNY 0.60 in 2018[23] - Operating profit reached 705.40 million yuan, up 13.39% year-on-year[58] - The company reported non-recurring gains of ¥72.22 million in 2019, down from ¥106.70 million in 2018, primarily due to fluctuations in asset disposal and government subsidies[29] Cash Flow and Assets - The net cash flow from operating activities decreased by 24.33% to CNY 597,693,409.65 from CNY 789,897,761.17 in the previous year[23] - The total assets at the end of 2019 were CNY 4,347,903,781.43, reflecting a 17.23% increase from CNY 3,708,934,437.11 at the end of 2018[23] - The company reported a significant increase in long-term equity investments, which rose to CNY 160,694,613.56, accounting for 3.70% of total assets[90] - The total investment amount for the reporting period was ¥269,171,001.75, a decrease of 79.58% compared to ¥1,318,117,121.54 in the same period last year[95] Mining Operations and Acquisitions - The company completed the acquisition of a 54% stake in Deyun Mining in September 2019, increasing its mining subsidiaries to six[36] - The company holds nearly 10,000 tons of silver resources, with a mining capacity of nearly 2 million tons per year[43] - The company is actively expanding its market presence and enhancing its mining capabilities through strategic acquisitions and operational improvements[36] - The company aims to acquire at least one quality project annually to enhance its mineral resource reserves[60] Revenue Breakdown - The revenue from non-ferrous metal mining accounted for 46.00% of total revenue, while non-ferrous metal trading accounted for 53.99%, with the latter seeing a significant increase of 38.18%[68] - The company’s lead concentrate sales increased by 80.04% year-on-year, reaching approximately ¥737 million, while zinc concentrate sales decreased by 14.12%[68] - The revenue from non-ferrous metal mining and selection reached ¥1,334,372,573.51, with a gross margin of 66.44%, reflecting a year-on-year increase of 5.21% in revenue and a slight increase of 1.69% in gross margin[69] Dividends and Shareholder Returns - The company plans to distribute a cash dividend of CNY 1.00 per 10 shares, totaling CNY 68,996,934.60 based on 689,969,346 shares[6] - The cash dividend distribution aligns with the company's mature development stage and significant capital expenditure plans[152] - The company has not made any adjustments to its cash dividend policy during the reporting period, ensuring the protection of minority shareholders' rights[146] Strategic Focus and Future Plans - The company plans to focus on precious metals and new energy materials such as nickel, cobalt, manganese, and lithium to enhance its resource portfolio[134] - The company aims to upgrade its business model to integrate primary mining and urban mining, enhancing its position in the metal resource recycling supply chain[134] - The company plans to broaden financing channels to meet its operational and project funding needs[138] Compliance and Risk Management - The company emphasizes internal control and risk management to ensure sustainable development and protect shareholder interests[65] - The company has committed to strict adherence to securities regulations, ensuring confidentiality regarding the transfer of equity to the listed company[183] - The company guarantees the independence of its operations, ensuring complete separation from its controlling shareholders in personnel, assets, finance, organization, and business aspects[174]