Humon Share(SZ:002237)2023-09-12 12:28Company Overview - Shandong Hengbang Smelting Co., Ltd. was established in 1988 and officially listed in 2008. In 2019, Jiangxi Copper Corporation became the controlling shareholder [3]. - The company has an annual production capacity of 50 tons of gold, 1,000 tons of silver, 250,000 tons of electrolytic copper, and 1.3 million tons of sulfuric acid [3]. Production and Financial Performance - In 2022, the company produced 46.76 tons of gold, 825.53 tons of silver, 20.02 tons of electrolytic copper, and 135.23 tons of sulfuric acid, achieving a revenue of 50.047 billion yuan and a net profit of 499 million yuan [3]. - For 2023, the company plans to produce 47.70 tons of gold, 791.83 tons of silver, 19.12 tons of electrolytic copper, and 114.20 tons of sulfuric acid [3]. Industry Position and Achievements - The company is a leader in precious metal smelting and has received multiple awards, including six provincial and ministerial-level science and technology progress awards and one national science and technology progress second prize [3]. - It is recognized as one of the top ten enterprises in gold sales revenue and economic efficiency in China [3]. Resource Management - The confirmed gold resource reserves for the company and its subsidiaries amount to 150.38 tons, with the Liaoshang gold mine holding 69,913 kg of gold [3]. - The Liaoshang project has a construction scale of 900,000 tons/year and a service life of 20 years. As of June 30, 2023, approximately 23.38 million yuan has been invested in the project, accounting for 1.9% of the budget [3]. Future Plans and Collaborations - The company plans to accelerate the acquisition of quality gold mining resources to increase self-sufficiency [4]. - The progress of the gold injection commitment from the major shareholder, Jiangxi Copper, is ongoing, with the Shiwukou gold mine's ore reserves confirmed at 6.334 million tons and metal reserves at 28,390 kg [4]. - The company maintains a good partnership with Wanguo International Mining, with dividends received in 2020 and 2021 amounting to over 54 million yuan and over 17 million yuan, respectively [4].