再一个是袜带上我们先说过这个刚好在这两个框之间那么这三个实际上我们的计划是把它作为完整的一体一个金框我们的计划是两个地台车间一个轮台车间最终实现一个完整的框山这是我们的计划 下一个你把每一个在现在到的情况下那么这个呢就是在北边的一个矿呢我们叫田水的矿呢就是这么一个矿山其实这个矿山呢我们现在准备到什么程度呢这个因为地下水的这个申请我们已经报告了大家我知道同事都非常关心你说你们什么用处境呀这个我们也不能瞒着国台商抗你们矿业的发展是要遵循 规律的那么基本的规律呢一定要正好政府审计那么同时呢我们自己要计划好设计好在矿产上确保我们的生产方案是最合理的一个方案那么这工作我们已经在做了那么已经采矿生产计划已经报给了需要的矿产部它的批复就是这种批复但什么时候批下来呢可能有的投资人就要问因为我们现在已经报上去了 其实我们也取得了很高的资金回报那么后面一个就是2018到2023我们前面提到在贵州地区的情况下我们签了合同那么也就是说在资源大幅度提高以后那么我们签了合同三个亿澳元的合同把这个项目扶上了我们所有的这些目的就是为了 那么下一次的目标呢公司的战略呢是变成一个在场的黄金公司比如定力呢在场的黄金公司那第三个是项目项目项目前面提 ...

Financial Performance - In 2024, the company achieved revenue of RMB 2.48 billion, a year-on-year decrease of 18%, while net profit attributable to shareholders increased by 19% to RMB 180 million[4]. - The company's revenue for the fiscal year 2024 was RMB 2,484,150 thousand, a decrease of RMB 544,005 thousand or 17.96% compared to the previous year, primarily due to a reduction in high-purity iron sales volume by approximately 143 thousand tons and a decrease in sales price by RMB 106 per ton[68]. - The cost of sales for the fiscal year 2024 was RMB 1,810,591 thousand, a decrease of RMB 595,614 thousand or 24.75% compared to the previous year, influenced by the same factors affecting revenue[68]. - The gross profit for the fiscal year 2024 was RMB 673,559 thousand, an increase of RMB 51,609 thousand or 8.30%, with the gross margin rising from 20.54% to 27.11%[68]. - The company recorded a net profit of approximately RMB 176 million in 2024, representing a year-on-year increase of about 16.34%[26]. - The net profit for the fiscal year 2024 was RMB 175,549 thousand, an increase of RMB 24,652 thousand or 16.34% compared to the previous year[74]. Resource and Production Updates - The resource volume of the Shama Iron Mine increased by approximately 79.76 million tons or about 265%, reaching a total resource volume of approximately 110 million tons[5]. - The resource volume of the Mt Bundy Gold Mine increased by 67% and the reserves increased by 837% since its acquisition in 2018[6]. - The resource volume of the Cygnet Gold Mine increased by 17% to 1.38 million ounces of gold, with an average grade of 3.9 grams per ton[7]. - The Maogong Iron Mine received an updated mining license, incorporating a resource volume of 16.32 million tons of iron ore into the license[9]. - The company plans to maintain an annual production capacity of approximately 1 million tons of iron concentrate from the Maogong Iron Mine over the next decade[9]. - The company aims to enhance operational efficiency through lean management practices across its business segments[26]. - In 2024, the company's iron ore production reached 1,009,000 tons, a year-on-year increase of 0.9 thousand tons or 0.90%, achieving 106.21% of the annual budget[35]. - The production of high-purity iron was 757,000 tons, a decrease of 13.09% year-on-year, achieving 90.12% of the annual budget[49]. Dividends and Shareholder Returns - The company declared an interim dividend of HKD 0.02 per share and proposed a final dividend of HKD 0.02 per share for 2024[11]. - The company plans to distribute a total dividend of HKD 0.04 per share for 2024, which includes an interim dividend of HKD 0.02 per share already paid[112]. - The group’s available reserves for distribution to shareholders amount to approximately RMB 59,386 thousand as of December 31, 2024[106]. - The company is actively pursuing a cash-based profit distribution policy for the years 2023 to 2025, with a minimum distribution ratio of 30% of the group's net profit[110]. Capital Expenditure and Investments - The capital expenditure for the iron ore business in 2024 was RMB 69,508,000, down from RMB 88,961,000 in 2023[39]. - Capital expenditure for the gold mining business was RMB 37.465 million, down from RMB 116.489 million in the previous year[59]. - As of December 31, 2024, the group's capital expenditure decreased to RMB 139,793 thousand from RMB 218,120 thousand in 2023, representing a reduction of approximately 36%[92]. - The group reported a capital commitment of RMB 41,544 thousand as of December 31, 2024, an increase of RMB 18,893 thousand or 83.41% compared to the previous year[13]. Debt and Financial Ratios - The net debt ratio for 2024 is projected to be 31.21%, a decrease from 31.96% in 2023[25]. - The interest coverage ratio improved to 5.43 in 2024, up from 3.90 in 2023[25]. - The debt ratio remained stable at 59.87% as of December 31, 2024, while the net debt ratio decreased from 31.96% to 31.21%[85]. - The total borrowings as of December 31, 2024, were RMB 895,857 thousand, representing an increase of RMB 167,236 thousand or 22.95% from the previous year[84]. Corporate Governance and Management - The board of directors includes a mix of executive and non-executive members, with several up for re-election at the upcoming annual general meeting[126]. - The company has established criteria for selecting suppliers based on product supply and operational scale[120]. - The company has adopted corporate governance policies in line with the best practices outlined in the Corporate Governance Code[174]. - The company has complied with the corporate governance code and all applicable regulations during the year ending December 31, 2024[155]. - The company has appointed sufficient qualified independent non-executive directors in accordance with listing rules during the reporting period[178]. Environmental and Safety Performance - The company has maintained zero fatalities, zero serious injuries, and zero environmental pollution incidents for eight consecutive years[8]. - The company was recognized as a "Green Benchmark Mining Area" at the 2024 National Iron Ore Industry Chain Summit Forum for its outstanding performance in green mining construction and product quality[34]. Employee and Supplier Relations - The company recognizes employees as its most valuable asset and provides competitive compensation and comprehensive training programs[119]. - The company maintains good relationships with suppliers and customers, ensuring stable and long-term quality product supply[120]. - The company has no significant contingent liabilities as of December 31, 2024[90]. Market and Industry Trends - The global gold demand in 2024 reached a record high of 4,975 tons, driven by strong central bank purchases and investment demand[53]. - The average gold price in 2024 was USD 2,386 per ounce, reflecting a year-on-year increase of 23%[53]. - The iron ore price trend in 2024 showed a decline followed by fluctuations, with a total import volume of 1.237 billion tons, a historical high, representing a year-on-year growth of 4.9%[29].

Production Capacity and Operations - China Hanking Holdings Limited's high-purity iron production capacity reached 930,000 tons annually, making it the largest supplier of ductile iron for wind power in China[5] - The company has established a strong operational team in Australia, successfully completing the acquisition and production restart of the SXO gold mine project[5] - The average grade of iron concentrate produced by China Hanking is over 68%, with low impurity levels of sulfur, phosphorus, and titanium[5] - The company aims to leverage its unique technological advantages to enhance the corrosion resistance and tensile strength of its high-purity iron products[5] - China Hanking's Australian subsidiary has been operational for over a decade, focusing on creating greater value for shareholders through effective gold mining operations[5] - The company operates in both the domestic iron ore and high-purity iron sectors in China, as well as in the Australian gold mining industry[4] - The company’s headquarters in Australia is located in Perth, Western Australia, where it has developed a skilled team for gold mine development and operations[5] Financial Performance - Revenue for the first half of 2024 was RMB 1,268,564 thousand, a decrease of 15.06% compared to RMB 1,493,459 thousand in 2023[9] - Profit attributable to owners increased significantly by 219.33% to RMB 107,467 thousand from RMB 33,654 thousand in the previous year[9] - Earnings per share rose to RMB 5.6, reflecting a 229.41% increase from RMB 1.7 in 2023[9] - The net profit margin improved to 8.41%, up 6.18 percentage points from 2.23% in 2023[9] - Gross profit for the first half of 2024 was RMB 346,974 thousand, an increase of 56.66% year-on-year, with the gross margin rising from 14.83% to 27.35%[26] - The company reported a gross profit of RMB 30,865 thousand from its high-purity iron business, a significant increase of 613.64% year-on-year[20] - The company’s profit for the six months ended June 30, 2024, reached RMB 107,467,000, a significant increase from RMB 33,654,000 in the same period of 2023, representing a growth of approximately 219%[90] Market and Sales - The company is focused on expanding its clean energy materials supply for major equipment in wind power and marine engineering[5] - In the first half of 2024, the company's high-purity iron production was 408,000 tons, a decrease of 2.86% year-on-year, while sales volume was 389,000 tons, down 13.17% year-on-year[20] - The average selling price of high-purity iron was RMB 3,131 per ton, a decrease of 2.13% year-on-year, while the average selling cost was RMB 3,051 per ton, down 4.36% year-on-year[20] - The high-purity iron segment generated revenue of RMB 1,196,518 thousand, down from RMB 1,431,253 thousand, reflecting a decline of 16.43%[27] - The revenue from iron ore sales was RMB 52,603,000 for the same period[76] Corporate Governance and Social Responsibility - The company emphasizes its commitment to corporate social responsibility, adhering to its core values of being people-oriented and maintaining integrity[5] - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited interim results for the six months ending June 30, 2024, and confirmed compliance with applicable accounting standards[60] - The company has complied with the corporate governance code and principles, with all significant decisions requiring approval from the board of directors[60] - The company believes that having the same individual serve as both chairman and CEO provides strong and consistent leadership for long-term business strategy[60] Investments and Future Plans - The company plans to focus resources on the Cygnet gold mine project in Western Australia following the sale of the Mt Bundy gold project, expected to generate approximately AUD 150 million[10] - The company plans to continue expanding its operations in the iron ore and high-purity iron sectors, focusing on efficiency and cost management[78] - The company is actively developing new products and customers in the ductile iron market for wind power, aiming to enhance product value and improve gross profit levels[19] - The company announced the conditional sale of 100% of Primary Gold Pty Ltd for AUD 300 million, plus an environmental bond of AUD 3,116,653, totaling approximately RMB 1,444,351,000[104] Cash Flow and Financial Position - As of June 30, 2024, cash and cash equivalents increased to RMB 344,440 thousand, compared to RMB 184,090 thousand at the end of the previous year[33] - The net cash inflow from operating activities was RMB 98,608 thousand, down from RMB 145,992 thousand in the same period last year[33] - The company incurred a net cash outflow from investing activities of RMB 36,101,000, which included various expenditures on property, plant, and equipment[72] - The company’s total assets as of June 30, 2024, were RMB 1,514,571,000, indicating a solid asset base for future growth[70] - The group has sufficient working capital to meet its needs for at least the next 12 months[74] Employee and Management Information - 截至2024年6月30日，集团总薪酬开支为人民币99,354千元，较2023年同期的人民币100,206千元下降约0.85%[58] - 截至2024年6月30日，集团共有员工1,731名，较2023年同期的1,738名减少[58] - The total remuneration for directors and key management personnel was RMB 5,855,000, a decrease of 3.4% compared to RMB 6,061,000 for the same period in 2023[65] Legal and Compliance - As of June 30, 2024, the group is not involved in any significant legal proceedings or arbitration[63] - The company has not disclosed any other matters under the continuous disclosure obligations as of June 30, 2024[64]

Financial Data and Key Indicators Changes - In the first half of 2024, the company achieved a revenue of 1.268 billion yuan, a decrease of 15% year-on-year [1] - The profit attributable to owners was 107 million yuan, an increase of 219% year-on-year [1] - The cash operating cost for iron ore business was 339 yuan, a decrease of 12% year-on-year [1] Business Line Data and Key Indicators Changes - Iron ore production reached 510,000 tons, an increase of 28% year-on-year, benefiting from increased output and efficiency improvements [1] - The average sales price of iron ore products was 1,013 yuan per ton, an increase of 5% [1] - The production of high-purity iron was 408,000 tons, a decrease of 8.8% year-on-year [1] Market Data and Key Indicators Changes - The average sales price of high-purity iron was 3,131 yuan per ton, a decrease of 2% [1] - The overall market for high-purity iron showed a trend of stabilization followed by a slight decline [1] Company Strategy and Development Direction - The company plans to focus on resource development, particularly the Signet gold mine project in Western Australia, aiming to become a gold production company within three years [1] - The company continues to implement its dividend policy, declaring an interim dividend of 0.02 HKD per share [1] Management's Comments on Operating Environment and Future Outlook - Management expressed that the operating environment remains competitive, particularly in the high-purity iron sector, but noted a potential stabilization in competition [1] - The company is optimistic about the future growth of its gold mining projects, particularly with the expected investment returns from the PGO gold mine project [1] Other Important Information - The company has completed the preliminary review of the resource verification report for the Shama iron mine and expects to obtain the final review in the third quarter of 2024 [1] - The company has been actively exploring new suppliers to reduce procurement costs for high-purity iron [1] Q&A Session Summary Question: What is the revenue composition of iron ore and high-purity iron products in the first half of 2024? - High-purity iron accounted for 95% of total revenue, while iron ore contributed 5% [1] Question: What are the future growth potentials for iron ore and high-purity iron? - The company aims to maintain stable production in iron ore and is exploring new resource development opportunities [1] Question: When is the expected timeline for obtaining the mining license for the Shama iron mine? - The company anticipates obtaining the mining license after the final review in the third quarter of 2024 [1] Question: What is the expected investment return from the PGO gold mine project? - The expected investment return is over 150 million AUD, with a significant portion attributed to the completion of resource verification and environmental assessments [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容 而產生或因依賴該等內容而引致的任何損失承擔任何責任。 CHINA HANKING HOLDINGS LIMITED 中國罕王控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：03788） 截至二零二四年六月三十日止六個月之中期業績公告 業績亮點 1、 期內溢利大幅增加219.82%，每股派股息0.02港元 二零二四年上半年，本公司期內溢利大幅增加至人民幣106,658千元，同比增加人民 幣73,309千元或219.82%，主要得益於鐵精礦銷量同比增加30.85%以及單噸毛利提 升25.84%。依據本公司《三年股東分紅回報規劃（2023年－ 2025年）》，董事會決議向 股東派發截至二零二四年六月三十日止六個月之中期股息，每股股份派發0.02港元。 2、 鐵礦業務超額完成生產目標，且生產成本較去年同期大幅降低 二零二四年上半年，本集團鐵精礦產量51.0萬噸，同比增加28.14%；銷量50.9萬噸， 同比增加30.85%。產量增加導致分攤到單噸鐵精礦 ...

Financial Performance - The total revenue for the year ended December 31, 2023, was RMB 3,028,155 thousand, compared to RMB 2,601,833 thousand for the previous year, representing an increase of approximately 16.38%[5] - The total comprehensive income for the year was RMB 167,213 thousand, an increase of RMB 215,229 thousand or 448.24% compared to the previous year's loss[10] - The company reported a loss of RMB 14,579,000 for the year ending December 31, 2023, an improvement from a loss of RMB 23,599,000 in 2022[90] - The net profit attributable to shareholders for 2023 was RMB 152 million, marking a turnaround from previous losses[125] - The company achieved an annual profit of RMB 151 million in 2023, recovering from a loss of RMB 53.01 million in 2022, marking a significant turnaround[141] - The EBITDA for continuing operations was RMB 468,952,000, with an EBITDA margin of 15.49%, compared to 9.26% in the previous year[151] Revenue and Sales - In 2023, the company achieved a revenue of RMB 3.028 billion, representing a year-on-year increase of 16.39%[125] - The revenue from high-purity iron business was RMB 2,783,782,000, a 28.30% increase year-on-year[186] - Iron ore production reached 1 million tons in 2023, a year-on-year increase of 29.37%, while high-purity iron production increased by 31.17% to 871,000 tons[141] - The company is the largest supplier of high-purity iron for wind power ductile iron casting in China, with an annual production capacity of 930,000 tons[138] - The average selling price of high-purity iron decreased by 12.05% to RMB 3,096 per ton, while the average selling cost fell by 15.09% to RMB 3,089 per ton[186] Expenses and Costs - Distribution and selling expenses amounted to RMB 97,951 thousand, an increase of RMB 20,948 thousand or 27.20% due to a rise in high-purity iron sales by 280 thousand tons[8] - The average cash operating cost per ton of iron concentrate decreased to RMB 364, down RMB 21 or 5.45% year-on-year[161] - The company plans to reduce costs and improve efficiency in its high-purity iron business by expanding into other industries and managing raw material procurement effectively[148] - The company is facing significant operational pressure in its high-purity iron business due to intensified price competition among wind turbine manufacturers[145] Employee and Compensation - The total employee compensation and benefits for the year were approximately RMB 219,324 thousand, compared to RMB 196,444 thousand in the previous year, reflecting a growth in employee costs[3] - As of December 31, 2023, the company had 1,762 employees, a slight increase from 1,760 employees the previous year[3] - The company recognizes employees as its most valuable asset and provides competitive compensation, performance evaluation systems, and comprehensive training programs to enhance employee satisfaction[42] Dividends and Shareholder Returns - The company plans to distribute a final dividend of HKD 0.02 per share for the year ended December 31, 2023, totaling HKD 0.04 per share for the year, including an interim dividend of HKD 0.02 per share already distributed[55] - The company has a three-year shareholder dividend return plan (2023-2025) focusing on maintaining a consistent and stable profit distribution policy while ensuring sustainable development[38] - A mid-year dividend of HKD 0.02 per share was distributed, with a proposed final dividend of HKD 0.02 per share for the end of 2023[134] Projects and Developments - The company aims to focus on financing and developing the Mt Bundy gold project in Northern Australia and exploring the Cygnet gold project in Western Australia over the next three years[2] - The Mt Bundy gold project received all necessary environmental approvals for both open-pit and underground mining in 2023[130] - The company acquired a 56.7% interest in the Cygnet gold project in Western Australia, which has an estimated resource of approximately 1.18 million ounces (36.7 tons)[126] - The company plans to initiate an expansion project at the Maogong iron ore mine to develop an additional resource of 16.32 million tons, aiming for an annual production of around 1 million tons of iron concentrate[133] Governance and Compliance - The company has confirmed the independence of its non-executive directors, ensuring no relationships that could significantly interfere with their independent judgment[48] - The company has complied with the corporate governance code and applicable regulations during the year ending December 31, 2023[101] - The company has not entered into any significant contracts with its controlling shareholders or their subsidiaries during the year ending December 31, 2023[85] Environmental and Safety Commitment - The company emphasizes its commitment to environmental protection and resource efficiency, implementing policies to reduce greenhouse gas emissions[102] - The company has maintained zero fatalities, zero serious injuries, and zero environmental pollution incidents for seven consecutive years, emphasizing its commitment to safety and environmental protection[146] Market and Competition - The company is actively expanding market communication to improve liquidity and valuation levels[132] - The company is optimistic that the value created in its gold and iron mining businesses will gradually be reflected in its financial statements in the coming years[150] - The prices of the two main raw materials required for high-purity iron production, iron ore and coke, decreased at a slower rate than the product prices[200]

智通财经APP讯，中国罕王(03788)发布截至2023年12月31日止年度业绩，收入为30.28亿元(人民币，下同)，同比增加16.4%;公司拥有人应占溢利1.52亿元，上年同期亏损5129.7万元;每股基本盈利7.9分，拟派末期股息每股0.02港元。 期内收入增加的主要原因为：2023年高纯铁的销量较去年增加28万吨及销售价格较去年减少人民币424元╱吨，导致收入增加人民币6.05亿元;及2023年铁精矿的销售价格较去年减少人民币28元╱吨及铁精矿对集团外的销量减少，导致铁矿业务的收入减少人民币1.7亿元。 集团国内业务于2023年的工作重心为稳定生产，实现铁精矿年产量100.0万吨，同比增加29.37%;高纯铁年产量87.1万吨，同比增加31.17%。连续稳定生产，保障了集团产品销量及销售收入的大幅增长，同时降低了单吨产品的成本。 ...

持續經營評估 鑒於本集團於二零二三年十二月三十一日的流動負債超過其流動資產人民幣389,933,000 元，董事已仔細考慮本集團的持續經營事項。此外，於二零二三年十二月三十一日，本集 團已訂約但未於綜合財務報表撥備的資本承擔為人民幣22,651,000元。 - 35 - 4. 收入 A. 截至二零二三年十二月三十一日止年度 - 36 - | --- | --- | --- | --- | --- | |-------------------------------|-----------------------|--------------------------------------------------------------|-------------------|-----------------| | | 鐵礦業務 人民幣千元 | 截至二零二二年十二月三十一日止年度 \n高純鐵業務 人民幣千元 | 其他 人民幣千元 | 總計 人民幣千元 | | 貨品銷售 （在某一時間點確認） | | | | | | 鐵精礦 | 320,131 | 95,540 | – | 415,671 | | 高純鐵 | – ...

Production and Sales Performance - In the first half of 2023, the company's iron ore production decreased by 11.36% year-on-year to 398,000 tons, while sales volume fell by 14.88% to 389,000 tons[15]. - In the first half of 2023, the production of high-purity iron reached 420,000 tons, an increase of 47.37% year-on-year, while sales amounted to 448,000 tons, up 78.49% year-on-year, with wind power ductile iron accounting for approximately 86% of total sales[127]. - The company reported a significant increase in sales volume, reaching 448 thousand tons, which is a 78.49% increase from 251 thousand tons in the previous year[50]. Financial Performance - The company's revenue for the first half of 2023 was RMB 1,494,059,000, representing a 10.05% increase compared to RMB 1,357,641,000 in the same period last year[23]. - The total revenue for the first half of 2023 was RMB 1,494,059 thousand, representing a 10.06% increase compared to RMB 1,357,641 thousand in the same period last year[36]. - Net profit attributable to shareholders decreased by 29.64% to RMB 33,654,000, with earnings per share dropping 32.00% to RMB 1.7[23]. - The group's profit for the first half of 2023 was RMB 33,349 thousand, a decrease of RMB 10,401 thousand or 23.77% compared to the same period last year[160]. - The total comprehensive income for the first half of 2023 was RMB 38,554 thousand, down RMB 5,312 thousand or 12.11% year-on-year[62]. Cost and Profitability - The average selling price of iron concentrate was RMB 965 per ton, a decrease of 12.75% year-on-year, leading to a gross profit of RMB 197,070,000, down 37.70%[15]. - The average selling price of high-purity iron was RMB 3,199 per ton, down 18.16% year-on-year, while the average selling cost decreased by 21.12% to RMB 3,190 per ton[27]. - The gross profit from high-purity iron business increased by 117.90% to RMB 4,325,000, with a gross margin of 0.30%, up 2.55 percentage points year-on-year[27]. - The average cost per ton of iron concentrate increased by 4.04% to RMB 386 in the first half of 2023, driven by a 35.62% rise in beneficiation costs per ton[148]. - The group's gross profit for the first half of 2023 was RMB 222,086 thousand, a decrease of RMB 47,450 thousand or 17.60% compared to the same period last year, with a gross profit margin decline from 19.85% to 14.86%[173]. Cash Flow and Financial Position - The company achieved a net cash inflow from operating activities of RMB 145,992 thousand, primarily attributed to a pre-tax profit of RMB 41,348 thousand and depreciation and amortization of RMB 81,545 thousand[42]. - The net cash flow from operating activities for the first half of 2023 was RMB 145,992 thousand, compared to RMB 96,800 thousand in the same period last year[87]. - The company's cash and bank deposits increased by 36.96% to RMB 184,090 thousand compared to RMB 134,411 thousand at the end of the previous year[44]. - The net cash outflow from investment activities for the first half of 2023 was RMB 444,758 thousand, which included payments for new facilities and equipment due to capacity expansion and technological upgrades[163]. - The group's cash flow from financing activities for the first half of 2023 was a net inflow of RMB 346,751 thousand, primarily from new bank loans and note financing[180]. Capital Expenditures and Investments - Capital expenditures decreased from RMB 53,414 thousand in the first half of 2022 to RMB 44,960 thousand in the first half of 2023, a year-on-year decrease of 15.83%[70]. - Capital expenditure for the gold mining business in the first half of 2023 was RMB 12,546 thousand, compared to RMB 8,114 thousand in the same period of 2022, primarily for environmental assessments and exploration[153]. - The group's capital commitments as of June 30, 2023, were RMB 14,416 thousand, an increase of RMB 10,576 thousand or 275.42% compared to the end of the previous year, primarily related to high-purity iron business engineering expenditures of RMB 13,150 thousand[185]. Employee and Governance - As of June 30, 2023, the total employee compensation and benefits expenses amounted to RMB 100,206 thousand, an increase from RMB 92,636 thousand for the same period in 2022, reflecting a growth of approximately 11.4%[103]. - The company has adopted a remuneration policy that aligns employee compensation with business performance, emphasizing a direct correlation between income and operational results[103]. - The company has maintained compliance with the corporate governance code, adhering to the majority of recommended best practices[115]. Environmental and Regulatory Approvals - The company has received all necessary environmental approvals for the Mt Bundy gold mine project, enabling further development[24]. - The company has received all necessary environmental approvals for its gold mining projects in the Northern Territory, marking a significant milestone in the development process[152]. Risks and Challenges - The company faces potential policy risks in China and Australia, which could significantly impact its operations due to macroeconomic changes[91]. - The debt-to-total-assets ratio increased from 61.90% at the end of 2022 to 64.60% as of June 30, 2023[45]. - The net debt ratio increased from 39.85% as of December 31, 2022, to 44.84% as of June 30, 2023[90].

而且我们这个土地政策已经办理完之后以后不会再有这样的事情所以今年下半年一定会比上半年的效益还会好很多这是我来回答的问题好 谢谢好的 感谢管理层就这个问题的解答如果说后续大家围绕业绩还有更多的补充提问我再继续引述下一个问题 这个投资人提问 我们在风电行业呢我们这个产品因为还是得益于我们的高质量的这个铁晶矿所以我们跟同行业来比的话还是有竞争优势那么我们它的产能呢我们全年是这个产能是93万吨在下半年我们几乎能够100%的这个大产 当然我们也会关注市场的变化因为市场的变化因为今年上半年确实有一个突然的市场的下跌现在基本上维持不动我们也特别关注每天在关注市场的变化包括我们原材料原材料就是焦炭还有我们对下游市场都在关注 公司的上半年收入增加但是整体的毛利以及毛利率是有所同比下降的这个的主要原因是什么以及下半年的毛利以及毛利率是否会有改善呢投资者想要关切到如果说有改善的话预测值可能大概会是多少谢谢这个问题我来回答一下 是毛利比较高的这样一个产品高纯铁是我们相对加工企业所以它的毛利并不是很高那我们这个铁精粉和高纯铁的占比不同所以它就导致我们的毛利和毛利率会有一定的波动 稳定持续的生产那它是对这个它的这个原材料之一铁晶粉是有一 ...