NONFEMET(SZ:000060)2022-12-06 09:54Production Overview - Domestic mine production of lead and zinc concentrate metal amounted to 95,300 tons, with sulfur concentrate at 39,000 tons, and silver content at 46.02 tons [2] - Foreign production of lead and zinc concentrate metal reached 67,800 tons, with silver content at 25.85 tons; copper concentrate contained 4,442 tons; and gold metal amounted to 117 kg [3] - Major smelting products produced included 125,600 tons of lead and zinc smelting products and 105,400 tons of sulfuric acid [3] - Other industrial products included 182,300 square meters of aluminum doors and windows, 9,205 tons of aluminum profiles, and 4,566 tons of battery zinc powder [3] Financial Performance - Total operating income was CNY 5,786,458,659.80, with operating costs at CNY 5,251,783,371.08, resulting in a gross margin of 9.24% [4] - Breakdown of operating income by industry: - Lead, zinc, copper mining, smelting, and sales: CNY 2,500,598,165.94 (Gross margin: 17.15%) - Aluminum, nickel, zinc processing and sales: CNY 622,450,778.12 (Gross margin: 13.06%) - Real estate development: CNY 14,481,200.00 (Gross margin: 34.22%) - Non-ferrous metal trading: CNY 2,656,429,288.75 (Gross margin: 0.12%) [4] Market Trends - Zinc metal prices dropped from CNY 15,000 per ton in January to around CNY 12,000 per ton, leading to widespread losses in the zinc industry during the first quarter [5] - Prices rebounded to approximately CNY 18,000 per ton in the second quarter, positively impacting company profitability [5] - The company reported a net profit of CNY 97 million in the second quarter [5] Fundraising Projects - The company plans to invest CNY 680 million in tailings resource recovery and environmental management projects, which will enhance its processing capacity [6] - An investment of CNY 500 million is allocated for high-performance composite metal materials and high-power mercury-free battery zinc powder projects [6] - CNY 190 million is designated for the establishment of a non-ferrous metal pricing and online trading platform [6] - CNY 580 million will be used to supplement working capital, improving the company's financial structure and risk resilience [6] Regulatory Approvals - The company received approval for its non-public stock issuance plan from the board and shareholders in 2016, with ongoing regulatory review by the China Securities Regulatory Commission [7]