LPXD(SZ:002114)2022-03-17 16:00Financial Performance - The company's operating revenue for 2021 was ¥1,824,660,549.09, representing a 5.93% increase compared to ¥1,722,517,785.81 in 2020[22] - The net profit attributable to shareholders of the listed company for 2021 was ¥30,574,555.32, an increase of 124.01% compared to a loss of ¥127,336,221.24 in 2020[23] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥50,792,379.75, up 143.20% from a loss of ¥117,578,383.59 in the previous year[23] - The net cash flow from operating activities reached ¥144,351,711.42, representing a 180.99% increase from ¥51,373,422.98 in 2020[23] - The basic earnings per share for 2021 was ¥0.09, a 123.08% improvement from a loss of ¥0.39 per share in 2020[23] - Total assets at the end of 2021 were ¥2,360,115,268.31, a slight decrease of 0.07% from ¥2,361,747,772.22 at the end of 2020[23] - The net assets attributable to shareholders increased by 1.90% to ¥1,468,067,739.68 from ¥1,440,651,083.53 at the end of 2020[23] - The company reported a significant increase in investment income, rising to CNY 318.41 million, up 223.66% from a loss of CNY 257.49 million in 2020[54] - The company’s tax and additional charges increased by 37.57% to CNY 22.74 million, primarily due to higher VAT and resource taxes[54] - The company’s management expenses rose by 3.85% to CNY 125.46 million, attributed to increased retirement benefits[54] Business Operations - The company has expanded its business scope to include lead-zinc mining, exploration, processing, and trade, as well as sulfuric acid production and sales[21] - The company has a zinc ingot production capacity of 120,000 tons per year and a comprehensive utilization plant capable of processing 120,000 tons of leach residue annually[41] - The company’s sulfuric acid plant has an actual production capacity of 140,000 tons per year, contributing to the overall efficiency of the production process[41] - The company is actively pursuing acquisitions and integrations of mining assets to strengthen its resource base and improve raw material self-sufficiency[41] - The company is focusing on resource recycling and deep processing of the industrial chain to maximize resource value[95] - The company plans to explore and develop new mining projects to ensure stable and controllable mineral resource supply[95] Market and Industry Trends - The average price of zinc in 2021 was ¥22,579 per ton, reflecting a year-on-year increase of 22.1%[33] - The forecast for global zinc mine growth in 2022 is expected to be 2.2%, indicating a slowdown compared to 5% in 2021[35] - In 2021, global zinc consumption increased by 8.8%, with an expected consumption of 14.305 million tons in 2022, reflecting a year-on-year growth of 1.5%[36] - The demand for zinc is expected to grow due to increased infrastructure and automotive sector activities, supported by national strategic initiatives[52] Risk Management - The company has identified risks related to macroeconomic cycles, product price fluctuations, raw material risks, environmental risks, and safety production risks[6] - The company faces risks from macroeconomic fluctuations, which can impact zinc production and sales, affecting overall performance[105] - The current self-sufficiency rate for raw materials is approximately 25%-30%, with reliance on external markets for most production materials, increasing production costs if prices rise[106] - The company has implemented measures such as futures hedging and procurement bidding mechanisms to stabilize raw material prices and mitigate risks from market fluctuations[106] - Environmental regulations are becoming stricter, increasing the responsibility for pollution control and requiring enhanced environmental risk management[106] Governance and Compliance - The company has maintained a governance structure that complies with relevant laws and regulations, ensuring independent operation from its controlling shareholder[114] - The board of directors includes three independent directors, ensuring compliance with governance standards and protecting minority shareholder interests[115] - The company emphasizes social responsibility, focusing on welfare and environmental protection, and actively supports poverty alleviation initiatives[118] - The company maintains strict compliance with information disclosure regulations, ensuring transparency and fairness for all investors[119] - The company has established an independent financial department with a complete accounting system, ensuring no interference from controlling shareholders[122] Environmental Responsibility - The company is committed to energy conservation and resource utilization, aiming to develop a circular economy and strictly control pollutant emissions[106] - The company is focused on compliance with the technical specifications for non-ferrous metal industries, particularly in lead and zinc smelting[190] - The company has implemented measures to monitor and control emissions effectively, ensuring adherence to environmental regulations[191] - The overall strategy includes continuous improvement in emission control technologies and processes to minimize environmental impact[192] - The company is committed to sustainable practices in its operations, aligning with regulatory requirements and industry standards[193] Future Plans and Investments - The company plans to enhance its competitive edge by adopting smart mining and factory technologies as encouraged by national policies[51] - The company aims to produce 120,000 tons of sulfuric acid and 86,000 tons of zinc ingots in 2022, indicating a focus on expanding production capacity[96] - The company has allocated 100 million CNY for research and development in 2022, focusing on sustainable mining practices[146] - A strategic acquisition of a local mining company is anticipated to enhance resource availability and operational efficiency[146] - The company has set a performance guidance of 1.5 billion CNY in revenue for 2022, reflecting a growth target of 25%[146]