CTM(SH:600711)2024-04-22 12:03Fundraising and Investment - The company reported a total fundraising amount of 222,492.30 million RMB, with a net amount of 220,411.33 million RMB after deducting issuance costs[25]. - As of the end of the reporting period, the cumulative investment of raised funds reached 205,271.90 million RMB, representing a progress rate of 92.26%[25]. - The company has a remaining balance of CNY 158.45 million in raised funds after deducting bank fees and other expenses[28]. - The company completed the issuance of shares to specific targets on August 1, 2022, for both the Karongwei project and supplementary working capital[27]. - The company has not utilized any over-raised funds for the projects mentioned[27]. Legal and Compliance - There were no significant lawsuits or arbitration matters reported during the year, indicating a stable legal environment for the company[11]. - The company received a criticism notice from the Shanghai Stock Exchange due to a significant change in actual performance compared to the forecast, affecting investor expectations[11]. - The company has committed to maintaining its actual control over the listed company for 60 months following the completion of the transaction, ensuring stability in control[6]. - The company has not engaged in any significant related party transactions that could affect its financial position[17]. - The company has maintained good integrity status for both itself and its controlling shareholders during the reporting period[13]. Financial Performance - The company's total revenue for 2023 was ¥24,455,814,234.85, a decrease of 5.33% compared to ¥25,833,518,941.12 in 2022[117]. - Net profit attributable to shareholders was CNY 264.694 million, compared to a loss of CNY 2.089 million in the previous year[192]. - The net cash flow from operating activities was CNY 488.541 million, a decrease of 23% year-on-year[192]. - The company reported a government subsidy income of CNY 27,014,891.72, which is a decrease from CNY 58,745,876.73 in the previous period[175]. - The basic earnings per share for the year was CNY 0.0844, a decrease of 0.7% compared to the previous year[170]. Assets and Liabilities - The total assets of the company as of December 31, 2023, were RMB 23,738,374,918.96, compared to RMB 22,112,360,825.56 in the previous year[85]. - The company’s total liabilities amounted to RMB 8,485,606,185.63, an increase from RMB 7,654,598,899.63 year-over-year[85]. - The total non-current assets increased to RMB 12,902,917,070.56 from RMB 11,480,121,124.57, indicating growth in long-term investments[85]. - Short-term borrowings rose to RMB 2,533,834,444.38 from RMB 2,056,967,095.13, reflecting increased leverage[85]. - The company’s total equity increased to CNY 19.68 billion, up from CNY 17.54 billion, representing a growth of about 12.2%[108]. Shareholder Information - The total number of shares outstanding is 3,141,203,280, with a decrease of 9,561,900 shares during the reporting period[53]. - The number of shareholders holding ordinary shares reached 183,414, an increase from 182,064 in the previous month[61]. - The top ten shareholders hold a total of 2,799,956,616 shares, representing 89.14% of the total shares[53]. - The company has repurchased and canceled a total of 9,561,900 shares due to the failure to meet the conditions for the second lock-up period of the 2021 restricted stock incentive plan[36]. - The company plans to repurchase shares with an amount between RMB 10,000 million and RMB 20,000 million, starting from June 9, 2023, for a period of 12 months[71]. Operational Highlights - The Karongwei project has a total planned investment of CNY 2,224.92 million, with a cumulative investment of CNY 2,052.72 million as of December 31, 2023, representing a progress of 92.2%[28]. - The project has achieved an annual production capacity of 30,000 tons of copper and 3,600 tons of cobalt[27]. - The company is focusing on the development of new products to meet market demands and improve competitiveness[163]. - The company aims to enhance its supply chain capabilities through strategic partnerships and acquisitions[163]. - The company is focusing on enhancing resource exploration and operational capabilities to adapt to the volatile external environment in the energy battery industry[177]. Market and Product Performance - The energy metals business achieved revenue of CNY 10.974 billion with a gross margin of 22.98%, an increase of 0.26 percentage points year-on-year[178]. - Copper product output reached 102,200 metric tons, a year-on-year increase of 76.98%, generating revenue of CNY 5.613 billion, up 81.06% year-on-year, with a gross margin of 33.6%, an increase of 15.91 percentage points[178]. - Cobalt product output was 12,400 metric tons, with revenue of CNY 1.191 billion, a decline of 58.62% year-on-year, and a gross margin of 10.36%, down 15.40 percentage points[178]. - Nickel product output decreased by 2.94% to 41,600 metric tons, with revenue of CNY 4.211 billion, down 18% year-on-year, and a gross margin of 13.09%, a decrease of 10.57 percentage points[178]. - The company reported a significant increase in user data, indicating a growing customer base and market interest[163]. Financial Management and Strategy - The company has not made any changes to accounting policies or estimates that would significantly impact financial reporting during the reporting period[9]. - The company is focusing on improving asset management strategies to mitigate financial risks[200]. - The overall financial position reflects significant volatility in derivative instruments and trading assets[200]. - The company aims to strengthen its vertical industry chain layout from resource development to precursor manufacturing[177]. - The company plans to expand its market presence and invest in new technologies to enhance operational efficiency[163].