Financial Performance - The company reported a significant increase in performance, with a projected growth of over 800% in the first half of 2021 compared to the previous year [12][71]. - The average cost of extracting iron ore is approximately 257.29 RMB per ton for 2020 [10][42]. - The company’s iron ore production volume in 2020 was 5.2772 million tons, with a production of iron concentrate at 2.3613 million tons [6][22]. Production Capacity and Expansion - The company plans to expand its iron ore extraction capacity to approximately 15 million tons per year, with existing mining capabilities of 6.2 million tons per year and a planned capacity of 9 million tons per year from new projects [9][18]. - The company has a total iron ore reserve of 52,245.28 million tons, as recorded by the land resource management department [15][7]. Market Conditions - The iron ore market is currently experiencing high prices, influenced by global economic recovery post-pandemic, leading to increased demand and price fluctuations [3][6]. - The company’s main products, iron concentrate and pellets, are subject to international pricing mechanisms, primarily based on the Platts index [17][31]. Environmental and Safety Measures - The company emphasizes environmental protection during mining operations, implementing various measures to manage pollution and ensure compliance with national policies [4][10]. - Safety in production is prioritized, with strict adherence to national regulations and comprehensive safety training for all employees [5][10]. Investor Relations and Corporate Governance - The company maintains transparency with investors, regularly updating them on financial performance and operational developments through periodic reports [12][56]. - There are no undisclosed significant events affecting stock performance, and the company adheres to legal requirements for information disclosure [3][12]. Strategic Initiatives - The company is considering the establishment of a trading company in Hainan to facilitate import trade and risk hedging [5][15]. - Future plans include exploring opportunities in other mineral resources while focusing on core iron ore operations [9][16].
大中矿业(001203) - 2021年08月04日投资者关系活动记录表