On April 25, CICC Lingnan released its 2023 annual report. During the reporting period, the company achieved a total operating income of 65.596 billion yuan, a year-on-year increase of 18.53%, a total profit of 1.193 billion yuan, and a net profit attributable to the parent company of 688 million yuan. As of the end of 2023, the company's total assets will be 43.025 billion yuan, an increase of 31.75% from the beginning of the year.
2023 is the first year for the full implementation of the spirit of the 20th National Congress of the Communist Party of China, and it is also a key year for Zhongjin Lingnan to comprehensively optimize its industrial layout. Over the past year, the company has conscientiously implemented the specific deployment of the "1310" of the Provincial Party Committee, deeply practiced the FAITH business philosophy of Rising Holding Group, adhered to the real economy-oriented and manufacturing industry, took the promotion of high-quality development as the main line, strengthened strategic thinking, kept improving and creating benefits, took multiple measures to reduce costs, overcome difficulties and promote reform, seized opportunities to optimize the layout, and continuously promoted the high-quality development of the enterprise, ranking 412th among the top 500 Chinese enterprises and 277th among the Fortune China 500 in 2023. Ranked 213th among the top 500 manufacturing enterprises in China.
Strong foundation, solid foundation, the main business operation is stable and orderly. In the face of multiple extrusions such as violent fluctuations in non-ferrous metal prices, declining mine production capacity, and low smelting and processing costs, Zhongjin Lingnan integrates fine management into the whole process of production and operation, and makes efforts from production, marketing, quality, cost, etc., to focus on solving bottleneck problems, and the metal volume of lead-zinc concentrate and lead-zinc-copper smelting products maintain a high level of operation, and the main technical and economic indicators rank among the top peer enterprises in the country.
Strengthen the strategy, focus on the main business, and continue to optimize the industrial layout. Adhere to the strategy of giving priority to resources, accelerate the upstream and downstream extension of the industrial chain, and the value chain to the middle and high-end, so as to improve the competitiveness of enterprises. On February 16, 2023, the financial consolidation of CICC Copper was completed, increasing entity revenue by more than 25 billion yuan. Successfully acquired Foshan Precision Co., Ltd., the singles champion of Guangdong manufacturing industry and a leading hot bimetal enterprise, which has enhanced its market share and competitiveness in the metal composite market segment, and has become a leading enterprise in the high-end metal composite materials industry. Obtained the first phase mining license of the Fankou Mine Resource Integration Project, and the amount of lead and zinc metal resources has increased significantly, and the potential economic value of the resources has exceeded 5 billion yuan.
Strengthen management, promote promotion, deepen reform and stimulate vitality. A new round of deepening and upgrading of state-owned enterprise reform was launched in an all-round way, and the "Implementation Plan for the Deepening and Upgrading of the Reform of Zhongjin Lingnan Company (2023-2025)" was promulgated, which clarified 60 key reform tasks such as steadily implementing mergers and acquisitions, accelerating the extension of the industrial chain, creating original and leading products and technologies, enhancing the ability to guarantee mineral strategic resources, and promoting the integrated management and control of overseas strategies, especially the strong implementation of salary management, performance appraisal, project performance commitment, and 15% of income at the same level Reforms such as the mandatory distribution of differences, and the introduction of an evaluation mechanism after the assessment of quality and effect, have effectively stimulated the spirit of entrepreneurship among the majority of cadres and employees.
Strong application, grasp innovation, and the development of digital intelligence has reached a new high. Accelerate the building of innovative talent teams, strengthen the deep integration of production, education, research and application, invest 434 million yuan in scientific research expenses, and through the mechanism of "unveiling the leader", jointly tackle key problems such as the comprehensive recovery of valuable metals, won 7 awards at or above the provincial and ministerial level, 2 international leading level achievement appraisals, added 1 national high-tech enterprise, 2 provincial engineering technology research centers, 5 "specialized, special and new" small and medium-sized enterprises, 2 technology-based small and medium-sized enterprises, 69 patent authorizations, participated in the revision and formulation of 1 international standard, 6 national standards, 25 industry standards.
Strong skills, cultivate new talents, and team building has been fruitful. Adhering to the principle that talent is the primary resource, we have continuously optimized the mechanism for attracting, cultivating, employing, and retaining talents, organized and carried out a series of "Learn from Huawei" training, optimized the "ladder" training plan for international talent reserves and reserve talents, implemented 100% market-oriented recruitment for new employees, and openly recruited 12 middle-level management cadres and 8 general management personnel of the headquarters to activate the "spring pool" of talents. Increase the construction of the industrial worker team, successfully selected into the provincial ledger list of the special action of "deepening the reform of the construction of the industrial worker team and promoting high-quality development", and added 4 national demonstration innovation studios in the machinery and metallurgy building materials industry, 2 provincial model workers and craftsman innovation studios, and 2 Shenzhen demonstration model workers and craftsman talent innovation studios.
Strong governance, full penetration, and a strong line of security defense. Implement the penetrating management of safety production, implement the two-level supervision and control system of "headquarters + factory and mine", strengthen the construction of a dual prevention mechanism for the hierarchical prevention and control of safety risks and hidden danger investigation and management, carry out in-depth investigation and rectification of safety risks and hidden dangers, strengthen the construction of the emergency system, increase the management of "three wastes", eliminate hidden dangers of accidents in a timely manner, carry out a total of 1,672 safety inspections throughout the year, organize 173 emergency drills, and strive to prevent and resolve various safety and environmental protection risks.
Strengthen party building, strict supervision, and integrate the party industry to tackle tough problems. Adhere to the guidance of party building, thoroughly study and implement the spirit of General Secretary Xi Jinping's series of important expositions on the reform and development of state-owned enterprises and party building, and solidly carry out activities such as "party building + safe production" and "party building + scientific and technological innovation", so as to promote the deep integration and resonance of the party industry. We have strengthened the construction of industrial workers, and many enterprises have won honors such as "National May Day Labor Award", "National May Day Women's Pacesetter", "Guangxi Zhuang Autonomous Region Worker Pioneer", "Shenzhen May Day Labor Award" and so on.
In the next step, CICC Lingnan will continue to implement the FAITH business philosophy of Rising Holding Group, strengthen the confidence in development, carry forward the spirit of struggle, face difficulties, overcome difficulties together, accelerate the development of new quality productivity, build a world-class polymetallic international resource company with the whole industry chain, and promote the enterprise to enter a new stage of high-quality development.
【Contributors】Zhongjin Lingnan