2025 Annual Report
Section I: Important Tips, Table of Contents, and Definitions
The Board of Directors, the Board of Supervisors, and the senior management of the Company guarantee the authenticity, accuracy, and completeness of the contents of this annual report, and that there are no false records, misleading statements, or major omissions, and they bear individual and joint legal liability.
Sun Yanjun, the person in charge of the Company, Li Xiaojuan, the person in charge of accounting work, and Ma Jinghui, the person in charge of the accounting department (accounting supervisor), declare: Guarantee the authenticity, accuracy, and completeness of the financial report in this annual report.
All directors have attended the board meeting to review this report.
The forward-looking statements regarding development strategies and business plans in this report do not constitute substantive commitments by the Company to investors. Investors and relevant parties should maintain sufficient risk awareness and understand the differences between plans, forecasts, and commitments.
The Company may face risks such as macroeconomic fluctuations, metal price volatility, and environmental protection during its production and operation. Relevant risk factors and countermeasures have been described in "Section III: Management Discussion and Analysis" under "XI. Outlook for the Company's Future Development" in this report. Investors are advised to pay attention to investment risks.
The profit distribution plan approved by the Board of Directors is: Based on 561,952,003 shares, a cash dividend of 0.55 RMB (including tax) will be distributed to all shareholders for every 10 shares, with 0 bonus shares (including tax), and 0 shares will be converted from capital reserve for every 10 shares to all shareholders.
Table of Contents
| Section | Title | Page |
|---|---|---|
| Section I | Important Tips, Table of Contents, and Definitions | 1 |
| Section II | Company Profile and Key Financial Indicators | 5 |
| Section III | Management Discussion and Analysis | 8 |
| Section IV | Corporate Governance, Environment, and Society | 28 |
| Section V | Important Matters | 44 |
| Section VI | Changes in Shares and Shareholders | 65 |
| Section VII | Bond-related Information | 71 |
| Section VIII | Financial Report | 72 |
List of Documents for Inspection
- The original 2025 Annual Report signed by the Company's legal representative.
- Financial statements signed and sealed by the person in charge of the Company, the person in charge of accounting work, and the person in charge of the accounting department (accounting supervisor).
- The original audit report signed and sealed by the accounting firm and certified public accountants.
- The originals of all company documents and announcements publicly disclosed on the website designated by the CSRC during the reporting period.
- Location for inspection of the above documents: Company Board Office.