Taking the listing as an opportunity to achieve green and high-quality development of Jinhui - visit Liu Yong, chairman and general manager of Jinhui Shares

Take the listing as an opportunity to achieve green and high-quality development of Jinhui

——Chairman and General Manager of Jinhui Co., Ltd

On February 22, 2022, Jinhui Mining Co., Ltd. (hereinafter referred to as Jinhui Shares, stock code: 603132) was officially listed on the A-share market. According to public information, the main products of Jinhui Co., Ltd. are zinc concentrate and lead concentrate (including silver), and the mining area is located at the eastern end of the South Mineral Belt of the West Ore Forming Field and the eastern part of the Luoba Lead and Zinc Deposit, with rich lead and zinc ore resources and convenient transportation. The company has successively won the "First Batch of National Green Factories" and "Specialized New Small Giant Enterprises" issued by the Ministry of Industry and Information Technology, the "China Industry-University-Research Cooperation Innovation Demonstration Enterprise (2019-2024)" issued by the China Industry-University-Research Cooperation Promotion Association, the "Green Mine Outstanding Contribution Unit" and "Green Mine Major Project First Prize" issued by the Green Mine Science and Technology Award Office, and is also one of the top ten leading enterprises in the green development of the non-ferrous metal industry and the national green mine model enterprise established by the Ministry of Natural Resources. How to take the listing as an opportunity to achieve green and high-quality development of Jinhui? On this issue, a reporter from Longnan Daily recently interviewed Liu Yong, chairman and general manager of Jinhui Mining Co., Ltd.

Reporter: Jinhui Co., Ltd. is a young mining enterprise. In just a few years, it has shown a green surround scene and a strong momentum of development, and has been successfully listed, please talk about its development "secret"? Where is its competitive advantage?

Liu Yong: Concept leadership is the key. Under the guidance of Xi Jinping Thought on Ecological Civilization, Jinhui Co., Ltd. conscientiously practices the theory of "green water and green mountains are Golden Mountains and Silver Mountains", in line with the principle of harmonious coexistence between man and nature, creating ecological civilization and industrial civilization, creating more sense of gain, happiness, belonging and security for the workers in the mining area, in accordance with the principle of "high standards built at once", at the beginning of construction, it has successively gone deep into well-known mining enterprises and equipment manufacturing enterprises at home and abroad to investigate and study, and established the "world-class ecological, environmentally friendly, safe, tourism-oriented, The goal of "digital" mine construction has finally built a modern humanistic mine with advanced equipment, exquisite technology and beautiful environment.

The company's competitive advantage is mainly reflected in five aspects: First, it has the competitive advantage of national green mining enterprises. In 2020, the company passed the acceptance assessment organized by the Ministry of Natural Resources and was identified as a national green mining enterprise. Second, the reserves of lead and zinc production resources are large, the state of endowment is good, and it has the advantage of resource endowment. In addition, the ore body in the two mining rights owned by the company is not fully controlled, and the potential for further prospecting is large. Third, it has rich experience in resource exploration and lead and zinc mining. The company has an excellent professional and technical team in the field of lead and zinc mine geological exploration, and the company's comprehensive recovery rate of lead, zinc and silver is at the domestic advanced level. Fourth, have a management team with rich experience in industry management. Can grasp the development trend of the industry at home and abroad, timely adjust the company's daily production and operation, can timely formulate and adjust the company's development strategy, so that the company maintains a healthy and good development trend. Fifth, there is a leading edge in technology and environmental protection. Combined with the latest national requirements for environmental protection, the company adopts a high selection process and environmental protection standards. The company's comprehensive utilization rate of resources is at the domestic advanced level, while most of the production water is recycled, and 60% of the tail sand can be used for downhole filling.

Reporter: What is the significance of the successful listing of Jinhui shares? How does the listing affect the company's operating conditions?

Liu Yong: Listing will play a particularly important role in the development of the company, which is of far-reaching significance, which is embodied in: all the funds raised by the listing are used for green mine upgrading and transformation projects, production and exploration projects, etc.; it is conducive to improving the company's financial indicators, reducing operational risks and financial risks, and further enhancing the company's comprehensive strength; it is conducive to improving the company's social visibility, establishing the company's brand image, and playing a positive role in attracting outstanding talents and promoting high-quality development; and is conducive to further improving the corporate governance structure and internal management , to provide a strong guarantee for the stable development of the company, and at the same time will play a positive role in promoting the economic development of the local society.

After the listing of Jinhui shares, it will focus on the company's existing core business, focus on the intelligent upgrading and transformation of green mines, improve operational efficiency, strengthen the production and exploration of existing mines, increase resource reserves, reduce the asset-liability ratio, enhance financial soundness and ability to resist risks, further enhance the company's comprehensive strength and market influence, the sustainable development ability of the business will be effectively enhanced, and the core competitiveness will be further improved. Listing will make the company's intelligent management, operational efficiency and resource reserves reach a new level, which will play an important role in improving the company's market competition position, and will further enhance the company's non-ferrous metal mineral resources reserves, consolidate and enhance the industry position, create an excellent environment for the company's long-term development, consolidate the industry position, and strive to develop Jinhui shares into a more influential and competitive non-ferrous metal mine exploration, mining and mineral processing star enterprise.

Reporter: The most core competitive advantage of the non-ferrous metal mining and dressing industry comes from high-quality mineral resource reserves, your company has abundant lead and zinc resources, how profitable is it?

Liu Yong: The profitability of lead and zinc mining enterprises is affected by the price of non-ferrous metals such as lead and zinc, ore grade, mineral processing recovery rate, as well as raw material procurement costs, depreciation of fixed assets and other factors. The price of non-ferrous metals is almost entirely determined by supply and demand (and people's expectations of supply and demand), and the cost advantage is an absolute advantage for non-ferrous metal mining enterprises that cannot determine the price, the adjustable space of cost and the small space. The company relies on endowment advantages and technical advantages to achieve low-cost production, maintaining a high level of profitability, 2019-2021, the company's comprehensive gross profit margin was 66.17%, 72.55%, 70.54%, respectively.

Reporter: We understand that many companies that have already been listed will choose diversified development, what is the development strategy of Jinhui shares? What are the new initiatives in terms of concept innovation?

Liu Yong: The company's main business is the mining and trading of non-ferrous metals, and it will continue to adhere to it after listing, which will not change for the time being. Under the guidance of the goal of "expanding resources, increasing output, strengthening the main business, and benchmarking the top 100", we will strive to build a world-class ecological, environmentally friendly, safe and intelligent green mine, and in the future, the company will continue to adhere to technological innovation and process innovation, and further consolidate the company's technical advantages in the field of lead and zinc ore exploration and dressing.

As a practitioner of the concept of green ecology, the creator of green mines in the new era, the promoter of green mine construction, and the beneficiary of green development, Jinhui Co., Ltd. will participate in the development of mineral resources by virtue of its resource advantages, technical advantages and management advantages to achieve more ambitious development goals. At the same time, In the future development, Jinhui Co., Ltd. will continue to adhere to green and high-quality development, assume more social responsibilities, return investors with more excellent performance, and further promote rapid economic and social development.

(Source: Longnan Release)