YCC(SZ:000878)2022-11-19 01:14Group 1: Company Overview and Financial Performance - In 2021, the company achieved an operating income of CNY 127.06 billion, an increase of 43.99% [2] - The total profit reached CNY 16.55 billion, with a net profit attributable to shareholders of CNY 6.49 billion, marking a growth of 71.00% [2] - The company distributed a cash dividend of CNY 2 per 10 shares, totaling CNY 340 million, which accounted for 67% of the distributable profits [2] - The asset-liability ratio improved from 70.44% to 66.09%, indicating enhanced financial resilience [2] - The net cash inflow from operating activities increased by 3.74%, with current and quick ratios rising by 41% and 78% respectively [2] Group 2: Recent Developments and Future Plans - In Q1 2022, the company reported an operating income of CNY 28.90 billion, a year-on-year increase of 6.77% [3] - The net profit attributable to shareholders for Q1 2022 was CNY 3.74 billion, reflecting a significant growth of 161.3% due to rising sulfuric acid prices and improved management efficiency [3] - The company plans to produce 60,900 tons of copper concentrate, 1,280,000 tons of cathode copper, 15 tons of gold, 570 tons of silver, and 456,000 tons of sulfuric acid in 2022 [3] - There are currently no plans to develop rare earth or lithium resources, as the company will continue to focus on its core copper mining operations [3]