YCC(000878)2024-03-28 16:00Production and Financial Performance - The company produced 1.38 million tons of cathode copper, 16.20 tons of gold, 737.53 tons of silver, 5.16 million tons of sulfuric acid, and 63,700 tons of copper concentrate, with cathode copper and silver production reaching record highs[43] - The company achieved annual revenue of 146.985 billion yuan, net profit attributable to shareholders of 1.579 billion yuan, and net cash flow from operating activities of 6.444 billion yuan[43] - The company's weighted average return on equity was 11.70%, and the total asset turnover ratio was 3.70 times[43] Exploration and Resource Management - The company invested 761 million yuan in exploration, adding 97,200 tons of inferred copper resources, and maintained 978 million tons of copper ore resources with 3.6622 million tons of copper metal by the end of 2023[42] R&D and Innovation - The company's R&D investment reached 2.413 billion yuan, an increase of 8.2% year-on-year, with key project R&D investment of 947 million yuan, generating 224 million yuan in efficiency gains[43] - The company filed 291 patent applications, including 131 invention patents and 6 international patents, and obtained 149 patent authorizations, including 16 invention patents and 3 international patents[43] - The company's R&D investment in 2023 was 2.41 billion RMB, accounting for 1.64% of total revenue, with an 8.20% increase compared to 2022[73] - The company has 1,493 R&D personnel, accounting for 17.07% of total employees, with a 13.20% increase in the number of bachelor's degree holders[73] - The company organized 251 scientific and technological projects, focusing on green and low-carbon technologies, resource recycling, and intelligent manufacturing[74] - The company established 1 new technical center and passed the national annual review of its national enterprise technology center[74] - The company's "Double Furnace Multi-Gun Top-Blowing Continuous Smelting Furnace" won the 24th China Patent Excellence Award[74] Energy Efficiency and Environmental Performance - The company's copper smelting comprehensive energy consumption decreased by 2.91%, reaching a historical optimal level[43] - The company's molybdenum beneficiation recovery rate increased by 4.93 percentage points compared to the annual plan[43] Corporate Rankings and Recognition - The company ranked 107th in the 2023 Fortune China 500 list and 1,817th in the Forbes Global 2000 list[43] Financial Expenses and Subsidies - Sales expenses increased by 17.05% year-over-year to 270.04 million RMB, while financial expenses decreased by 26.54% to 544.82 million RMB[70] - The company received 67 million yuan in project subsidies and 37 million yuan in science and technology policy funding[43] Procurement and Supplier Management - Top 5 suppliers accounted for 22.73% of total annual procurement, with a total procurement amount of 32.03 billion RMB[68] - Supplier 1, affiliated with the company's ultimate controlling shareholder, accounted for 6.96% of total annual procurement[69]