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盛达资源(000603) - 2023 Q4 - 年度财报
SDRSDR(SZ:000603)2024-04-26 11:09

Financial Performance - The company's operating revenue for 2023 was CNY 2,253,503,431.67, representing a 19.92% increase compared to CNY 1,879,209,657.87 in 2022[17]. - The net profit attributable to shareholders for 2023 decreased by 59.41% to CNY 147,986,998.10 from CNY 364,605,051.01 in 2022[17]. - Basic earnings per share for 2023 were CNY 0.21, a decline of 60.38% from CNY 0.53 in 2022[17]. - The company reported a significant decline in net profit after deducting non-recurring gains and losses, with a decrease of 60.98% to CNY 140,122,602.26 in 2023[17]. - The company achieved operating revenue of 2.253 billion yuan, a year-on-year increase of 19.92%, while the net profit attributable to shareholders decreased by 59.41% to 147.99 million yuan[52]. - The revenue from non-ferrous metal mining decreased by 20.91% to CNY 1,268,282,452.83, while non-ferrous metal trading revenue surged by 276.37% to CNY 800,637,292.58[67]. - The company reported a net cash flow from operating activities of CNY 315,304,795.38 in 2023, down 36.13% from CNY 493,668,786.26 in 2022[82]. - The total cash inflow from financing activities increased by 122.78% to CNY 1,404,507,245.00, while cash outflow from financing activities rose by 17.71%[82]. - The company reported a fair value loss of -2.52% due to changes in the fair value of financial assets held[84]. Operational Highlights - The company operates in the non-ferrous metal mining and selection industry, facing various operational risks as outlined in the management discussion section[4]. - The company has not reported any differences in net profit and net assets between international and Chinese accounting standards during the reporting period[18]. - The company controls seven mining subsidiaries, with a silver reserve of nearly 10,000 tons and an annual mining capacity of approximately 2 million tons[30]. - The company has obtained mining licenses for East Sheng Mining (250,000 tons/year), Honglin Mining (396,000 tons/year), and Deyun Mining (900,000 tons/year), with ongoing construction preparations[31]. - The company is actively involved in the development of new technologies related to silver production, aiming to improve efficiency and reduce costs[25]. - The company is focusing on expanding its market presence in the silver and precious metals sector, capitalizing on the expected supply-demand gap in the coming years[25]. - The company has made strategic acquisitions, including the purchase of Honglin Mining, which is expected to enhance its operational capabilities and market share[21]. - The company is committed to green mining practices, with all four operating mines achieving green certification[49]. Market and Industry Trends - The global silver demand is projected to reach 1,167 million ounces in 2023, driven by industrial needs and the growth of photovoltaic technology, which is expected to benefit the company[25]. - The average price of silver in London for 2023 was $23.35 per ounce, reflecting a year-over-year increase of 7.45%[26]. - The global silver supply is expected to be constrained due to declining production from lead-zinc mines and geopolitical factors, while demand from the photovoltaic industry is anticipated to grow[29]. - The overall economic environment remains challenging, with geopolitical tensions impacting commodity prices, which the company is closely monitoring for strategic adjustments[25]. Environmental and Sustainability Efforts - The company is classified as a key pollutant discharge unit by environmental protection authorities, adhering to multiple environmental regulations and standards[181]. - The company has achieved zero wastewater discharge by constructing two tailings ponds for alternating use, with wastewater clarified and reused in the selection plant[190]. - The company has implemented a dust control system in mining operations, achieving over 99% efficiency in dust removal through various measures[192]. - The company has constructed a comprehensive wastewater treatment facility to handle domestic sewage, ensuring environmental compliance[191]. - The company has implemented a solid waste management strategy, with all waste rock being reused for construction and no external discharge of tailings[192]. Corporate Governance and Management - The company has established a robust management system with a shareholder meeting as the highest authority, a board of directors for decision-making, and a supervisory board for oversight[135]. - The company has a commitment to transparency, adhering to legal and regulatory requirements for information disclosure, ensuring timely and accurate communication with investors[132]. - The company has implemented measures to avoid industry competition with its controlling shareholder, including asset management agreements[137]. - The company has established a risk management system for its hedging activities, ensuring compliance with national laws and regulations[101]. - The company is focused on strengthening internal controls and risk management to ensure smooth execution of operational plans[131]. Future Outlook and Strategic Plans - The company plans to implement technological upgrades and cost control measures in 2024 to maximize operational efficiency and capitalize on favorable metal price trends[40]. - The company plans to continue its investment strategy focusing on long-term control and growth in the mining sector[94]. - The company aims to complete one acquisition project within the year to enhance its mineral resource reserves and improve sustainable profitability[114]. - The company is exploring new technologies in metal recovery, aiming for a 30% improvement in mineral processing efficiency by 2024[125]. - The company plans to expand its market presence in Southeast Asia, targeting a 20% increase in market share within the next two years[151]. Employee and Stakeholder Engagement - The total remuneration for directors, supervisors, and senior management in 2023 amounted to 7.0669 million yuan[153]. - The company has established a competitive and fair compensation system, linking individual performance to salary incentives to enhance employee motivation[164]. - Employee training programs are emphasized, including onboarding for new hires and skills training for frontline staff, aimed at improving overall employee quality[165]. - The company has a significant number of employees with higher education, with 17 holding master's degrees or above, contributing to a skilled workforce[163]. - The company held a total of 9 board meetings during the reporting period, with all directors present at least once[157].