ZGXT(SZ:000831)2022-11-19 02:32Group 1: Company Operations and Developments - The geological environment protection and land reclamation plan for the Shengongzhai rare earth mine has passed the review by the Ministry of Natural Resources, which is a prerequisite for the exploration and mining transition [2] - The company currently does not have substantial competition with Jianghua Rare Earth, as Jianghua's subsidiary, Xinghua Rare Earth, is not yet in production [3] - The establishment of China Rare Earth Group is significant for promoting green development and high-quality growth in the rare earth industry [4] Group 2: Financial Performance and Dividend Policy - As of December 31, 2021, the company's distributable profits were only ¥61,123,609.26, leading to the decision not to distribute cash dividends or issue bonus shares for 2021 [3] - The company experienced a loss in Q4 2021 due to various factors, including a decline in overall gross margin and high interest expenses [3] - The company plans to achieve a revenue target of ¥3.434 billion in 2022, focusing on substantial development of existing rare earth resources and external asset integration [4] Group 3: Strategic Changes and Market Position - The company is actively working on the strategic restructuring process, with the transfer of 100% equity of Wumart Rare Earth to China Rare Earth Group completed [5] - The company is committed to enhancing its core competitiveness and improving investor relations to reflect its true value in the stock market [4] - The company will strictly adhere to information disclosure obligations regarding any potential asset injections or mergers [4]