On the evening of March 29th, Jinyuan (000546) announced that the company's wholly-owned subsidiary Mutual Fund Yuan and its subsidiaries are mainly engaged in cement products and commercial concrete industry, in order to meet the needs of capital strategic planning and industrial planning and development, the company plans to strategically withdraw from the traditional building materials cement business and choose the opportunity to divest inefficient assets in order to improve the efficiency and quality of assets. In view of the above, the company intends to transfer 100% of the equity of the mutual fund circle held by the company through public listing in Hangzhou property Rights Exchange Co., Ltd.
According to the announcement, the performance of the mutual fund yuan declined sharply in 2021, with an operating income of 2.464 billion yuan (2.771 billion yuan in 2020) and a net profit of 230 million yuan (508 million yuan in 2020).
According to the 2021 annual report disclosed by Jinyuan shares, the company achieved revenue of 8.739 billion yuan in 2021, an increase of 0.78% over the same period last year; net profit of 86.3 million yuan, down 81.81% from the same period last year; and 14.44 million yuan of non-net profit, down 96.42% from the same period last year. Basic earnings per share is 0.12 yuan. The company intends to distribute a cash dividend of 0.2 yuan (including tax) for every 10 shares to all shareholders.
Jinyuan shares said that after the completion of this transaction, the company will adjust the industrial structure and optimize the asset structure, focusing on new energy materials industry and low-carbon environmental protection industry. After the completion of this transaction, it will help the company to maintain a good sustainable operating capacity, effectively improve the company's assets, and benefit the interests of the company and all its shareholders.
According to public information, Jinyuan's main business is divided into three parts: building materials, environmental protection and new energy materials. In recent years, the company continues to transform to the field of new energy.
In 2020, Jinyuan Co., Ltd. will expand the production of high purity materials of non-ferrous metals and the deep processing of new materials such as cobalt and nickel on the basis of the existing comprehensive utilization of resources and extraction and production of rare and precious metals.
In 2021, Jinyuan shares comply with the market demand, set foot in the field of new energy materials, and strive to become a mainstream supplier of new energy materials with lithium resources industry chain as the core, with equal emphasis on solid and hazardous waste resource disposal and comprehensive recovery and utilization of rare and precious metals.
In 2021, Jinyuan successfully acquired a 51% stake in Ali Lithium Source, and set up a special team to carry out construction work; at the same time, it is also organizing a number of groups to negotiate more lithium resources projects. As of the disclosure date, the company's Lxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxqiancuo salt lake lithium salt project has been put into production as soon as possible and as much as possible
In addition, the technical transformation of Jiangxi New Jinye Electrolytic Copper Project by Jinyuan shares in 2021 will be completed at the end of December 2021, which can adapt to the recovery of polymetallic raw materials with short process and less waste residue. Jiangxi Huiying 120000 tons of conventional electrolytic copper project has completed 30, 000 tons of electrolytic copper trough production in January 2022.
To sum up, Jinyuan Co., Ltd. new energy materials business is mainly through the upstream salt lake brine lithium mining, and then the manufacture of lithium products used in new energy lithium batteries and other fields. At the same time, establish the national recycling channel of waste lithium battery, through the recovery, disassembly and recycling of waste lithium battery, realize the comprehensive integration of resources, and build a circular economy system of upstream lithium resource extraction and downstream waste lithium battery recycling.
According to Jinyuan's plan, in 2022, the company will fully implement the new energy 515 plan and two-wheel drive strategy to expand the cause of new energy materials. In accordance with the strategic policy of developing both at home and abroad, the newly established overseas New Energy Division, Lithium Battery Recycling Department and Lithium Industry Research Institute will do a good job in industrial development planning and capital strategy. to provide capital strategic support for the acquisition of lithium resources investment and mergers and acquisitions dominated by the global salt lake lithium mine, and to promote the rapid and orderly development of the company's domestic and overseas new energy materials business. At the same time, we will speed up the strategic layout of investment and mergers and acquisitions in the overseas lithium resources industry chain, focusing on the distribution of high-quality salt lake lithium mines in Argentina.
