YCC(SZ:000878)2022-11-19 01:16Group 1: Company Performance and Strategy - The company aims to improve production management and enhance development quality to increase shareholder returns [3][4]. - The company has been focusing on optimizing its business structure and expanding financing channels since the acquisition of China Yunnan Copper (Australia) Investment Co., Ltd. in 2018 [2]. - The company plans to increase its copper ore self-sufficiency and resource acquisition during the 14th Five-Year Plan period [3]. Group 2: Market and Investor Relations - The company is committed to maintaining communication with investors and ensuring the interests of all shareholders, including small and medium investors [4]. - The company is currently undergoing a non-public stock issuance, with the price yet to be determined, which will be no less than 80% of the average trading price over the last 20 trading days prior to the pricing date [5]. - The company has been addressing market valuation concerns and is focused on improving its market performance [4]. Group 3: Industry Context and Competition - The company is aware of the competitive landscape, particularly regarding the copper industry, and is monitoring the resource reserve plans of its parent company, China Copper, which aims for 50 million tons of copper and lead-zinc resources by 2025 [3]. - The company has been actively managing competition with its subsidiaries and has implemented measures to address this issue [2]. Group 4: Corporate Governance and Compliance - The company adheres strictly to the disclosure obligations as per the Shenzhen Stock Exchange regulations and encourages investors to pay attention to company announcements [3][4]. - The company is committed to completing the remaining reform tasks as part of the state-owned enterprise reform action plan [5].