JINHUIINC.(SH:603132)2023-10-27 10:51Group 1: Investment Plans - The company plans to invest approximately 500 million CNY to integrate the Jiangluo mining area and build a modern mining operation with an annual selection capacity of 300,000 tons [1] - Current funding sources are mainly self-raised, with future funding to be adjusted based on construction progress [1] Group 2: Financial Performance - In 2022, the company's net profit was approximately 470 million CNY, with dividends amounting to about 520 million CNY [1] - The company aims to respond positively to the regulatory encouragement for cash dividends, sharing development results with investors to enhance their confidence [1] Group 3: Sales and Pricing Strategy - The company primarily adopts a direct sales model, with pricing based on the average closing prices of lead, zinc, and silver from the Shanghai Nonferrous Metals Network [2] - Zinc pricing is calculated using a base of 15,000 CNY per ton, with a processing fee deducted, and any amount exceeding this base is split 80% to the supplier and 20% to the buyer [2] - Lead pricing is determined by deducting processing fees from the monthly average price of 1 lead from the Shanghai Nonferrous Metals Network [2] Group 4: Financial Health - The decrease in financial liabilities is attributed to stable operations, sufficient cash flow, improved bargaining power with banks, and lower bank loan interest rates [2]