盛达资源(000603) - 2022 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 605,189,994.96, representing a 9.90% increase compared to CNY 550,663,738.33 in the same period last year[26]. - The net profit attributable to shareholders of the listed company decreased by 8.83% to CNY 103,602,706.41 from CNY 113,642,348.01 year-on-year[26]. - The basic earnings per share decreased by 8.80% to CNY 0.1502 from CNY 0.1647 in the same period last year[26]. - The net profit after deducting non-recurring gains and losses was CNY 103,256,142.33, a decrease of 2.13% from CNY 105,500,788.06 year-on-year[26]. - The company reported a profit from investment of ¥26,477,513.64, which accounted for 16.10% of total profit, reflecting a significant increase of 135.46% compared to ¥11,245,009.48 in the previous year[64]. - The gross profit margin for the non-ferrous metal selection business was 59.40%, down from 68.25% in the previous year, indicating a decrease of 8.85%[63]. Cash Flow and Assets - The net cash flow from operating activities was negative at CNY -23,841,405.22, a decline of 117.24% compared to CNY 138,264,988.89 in the previous year[26]. - Total assets at the end of the reporting period were CNY 5,249,569,273.83, down 1.35% from CNY 5,321,284,820.10 at the end of the previous year[26]. - The company's current assets totaled CNY 1,565,791,014.62, down from CNY 1,686,024,337.89 at the start of the year, indicating a decrease of about 7.15%[190]. - Cash and cash equivalents decreased to CNY 276,318,831.21 from CNY 372,810,026.41, representing a decline of approximately 26%[190]. - Accounts receivable increased to CNY 25,151,944.54 from CNY 16,540,292.62, showing a growth of about 52.5%[190]. - Inventory rose to CNY 260,332,868.03 from CNY 214,051,595.39, marking an increase of approximately 21.6%[190]. Operational Highlights - The company achieved operating revenue of 605.19 million yuan, an increase of 9.90% year-on-year, with metal mining revenue rising by 12.17% to 535.52 million yuan[42]. - The company operates six mining subsidiaries, with four currently in production and two under construction, including a new project with an annual production capacity of 250,000 tons[37]. - The company’s zinc production in the first half of 2022 was approximately 1.773 million tons, a decrease of 4.12% year-on-year[36]. - The company has a silver resource reserve of nearly 10,000 tons and an annual mining capacity exceeding 2 million tons[46]. - The company is actively pursuing the acquisition of a 72.50% stake in Guizhou Dingshengxin, which includes the core asset of the Pig Gongtang lead-zinc mine, with project approval received from the provincial development and reform commission[39]. Market and Industry Risks - The company faces operational risks as outlined in the report, which investors should be aware of[6]. - The company is exposed to industry cyclical risks and will adjust production and sales strategies to mitigate performance volatility[89]. - The company faces metal price fluctuation risks and will utilize financial derivatives to hedge against price risks[89]. - The average spot silver price for the first half of 2022 was 4,901 yuan/kg, down 9.78% from the same period last year, with a decline from 4,807 yuan/kg at the end of the previous year to 4,498 yuan/kg[36]. Environmental and Social Responsibility - The company emphasizes sustainable development, with all operational mines achieving green certification and ongoing projects adhering to green mining standards[53]. - The company has established pollution prevention measures and complies with environmental standards in its operations[102]. - The company has implemented an environmental self-monitoring plan, with successful emissions monitoring results in 2022 showing compliance with standards for particulate matter, sulfur dioxide, nitrogen oxides, and noise[107]. - The company is actively reducing carbon emissions by upgrading to variable frequency motors, aiming to decrease electricity consumption and energy costs[108]. - The company has maintained a strong commitment to social responsibility, engaging in various public welfare initiatives and ensuring compliance with legal and regulatory requirements[111]. Governance and Shareholder Information - The company has established a governance structure to protect shareholder rights, ensuring fair treatment and communication with all shareholders, including small investors[111]. - The company reported a participation rate of 39.89% in the 2021 annual shareholders' meeting[93]. - The company has experienced changes in its board of directors, with several new appointments and resignations[94]. - The company has not engaged in any major asset or equity sales during the reporting period[85][86]. - The total number of shares is 689,969,346, with 14.66% being restricted shares and 85.34% being unrestricted shares[168].