Gold molybdenum shares: total revenue 7.5769273 billion yuan

I. profit distribution plan for the reporting period

After deliberation and approval at the 22nd meeting of the fourth session of the board of directors held on April 8, 2021, on the basis of the total share capital of 3226604400 shares on December 31, 2020, a cash dividend of 2.5 yuan (including tax) was distributed to all shareholders for every 10 shares, with a total cash dividend of 806.6511 million yuan. The remaining undistributed profits of 111.7131 million yuan will be distributed in subsequent years. The allocation plan needs to be submitted to the annual general meeting of shareholders for consideration and approval in 2020.

II. Brief introduction of the company's main business during the reporting period The company is a leading supplier of molybdenum products, mainly engaged in the production, sales, research and development of molybdenum series products and trade business of molybdenum related products, and is committed to building the "aircraft carrier" of China's molybdenum industry. to create a world-class molybdenum industry enterprise with global competitiveness, and actively promote the high-quality and sustainable development of the molybdenum industry. During the reporting period, the company focused on the development of the main molybdenum industry, focused on becoming bigger and stronger, deeply promoted the upgrading of industrial technology, improved the quality of development, and carefully wrote the big article of "main molybdenum". After years of intensive cultivation in the market, in line with its own and market needs, the company has gradually formed a business model of industrial management, capital operation, and the combination of production and finance, mainly based on self-production, supported by molybdenum processing and outsourcing processing. molybdenum-related products management and trade for extension, throughout the field of molybdenum circulation in all aspects, the construction of a "molybdenum +"-based extension development framework. In 2020, affected by the domestic and international epidemic, the molybdenum market showed a trend of rising and bottoming out. The average price of "MW" molybdenum oxide was 8.7 US dollars per pound of molybdenum, down 23.68 percent from the same period last year. The average price of ferromolybdenum is 994,000 yuan per ton, down 15.04% from the same period last year.

III. The company's main accounting data and financial indicators

3.1 main accounting data and financial indicators for the past 3 years

IV. Share capital and shareholders

4.1 the number of common shareholders and preferred shareholders whose voting rights have been restored and the shareholdings of the top 10 shareholders

4.2 Block diagram of the property right and control relationship between the company and the controlling shareholder

V. discussion and analysis of business situation 1 major operations during the reporting period During the reporting period, the company achieved a total operating income of 7.5769273 billion yuan, 101% of the annual business plan target, a decrease of 1.5745519 billion yuan, a decrease of 17.21%, and a total profit of 305.6245 million yuan, a decrease of 479.7229 million yuan, a decrease of 61.08%. The net profit belonging to the shareholders of the parent company was 182.0107 million yuan, down 386.9168 million yuan from the same period last year, down 68.01%. The operating income is maximized in the current period. By seizing the market opportunity, adjusting the marketing strategy and optimizing the product layout, the total amount of molybdenum products sold in the whole year reached the best level in history. The business concept of "customer-centered" is constantly strengthening, the demand response is faster, the order delivery is more timely, and the after-sales service is more considerate. The domestic market share of molybdenum furnace materials, molybdenum chemical industry and metal molybdenum powder products increased by 7%, 5% and 14% respectively compared with the same period last year, and sales of products to the military industry increased by 125% compared with the same period last year.

The capacity of production security has been steadily enhanced. Promote the change of management mode, take deepening the marketization of internal orders as an opportunity, reconstruct the new mechanism of connecting production and marketing, and steadily transform production management to "market type, monitoring and supervision type and service support type". The work system of the equipment Management Committee will be implemented, and the key core large-scale equipment management, supervision, operation, monitoring and evaluation mechanism and operation system will be initially established. Integration of "6S" management, benchmarking management experience, in-depth development of standardized management, target management, lean management, TPM management, production security capacity has been steadily enhanced.

Continuous efforts will be made in the research and development and application of science and technology. The company's scientific research continues to strengthen the support of production operation and market development, the technical problems of industrial chain technology, quality and environmental protection have been solved one after another, and 24 process optimization projects have been implemented to reduce costs and increase efficiency. Refractory metal materials provincial "mass creation space" successfully hatched 5 external enterprises. The technical problem of low qualified rate of water solubility index of ammonium dimolybdate was successfully solved, which opened the key point for the application of PO industry. The quality research and development project of molybdenum powder and large particle size molybdenum powder for crucible has achieved remarkable results. It has won 31 authorized patents, 1 first-class science and technology prize in China's non-ferrous metal industry, 2 second-class prizes, 6 Shaanxi non-ferrous science and technology progress awards, and the target research and development team has won the "Science and Technology Innovation Outstanding team" award of the Provincial State-owned assets Supervision and Administration Commission.

The construction of key projects has been carried out in an orderly manner. In the whole year, 31 general technical renovation projects and 3 key projects were implemented. The overall mining upgrading and transformation project of Jinduicheng Molybdenum Mine has completed the revision and review of the feasibility study report according to the ecological protection red line policy, and is performing the second examination and approval of the project. The Beibang drainage canal, the leaching pipe canal of Xichuan dump and the bottom slag dam have been completed. The overall mineral processing upgrading and transformation project of Jinduicheng Molybdenum Mine has completed the revision and evaluation of the feasibility study report, and is promoting the establishment of the project. Self-made emulsified ZHA drug production line upgrading project, complete the relevant approval procedures and safety pre-assessment, environmental impact assessment report review, the main equipment to complete the order. The quality of compliance operation has been improved in an all-round way. Efforts will be made to promote the "three major transformations" of legal work, the functions of decision support, risk control and interest protection will be brought into full play, and the construction of enterprises under the rule of law will be accelerated. Complete the compilation of the company's management system and the online operation of the information system, carry out high-quality special audit of internal units, achieve full coverage of bidding negotiation and supervision, and comprehensively deepen internal control audit. We will further promote comprehensive budget management, establish a cost early warning mechanism, strictly control extra-budgetary expenses, and continuously optimize financial management. Systematically optimize the management assessment system, carry out accurate assessment, actively implement the goal of stable growth, better achieve the general requirements of "no change in goals, no reduction in tasks, no drop in standards", and economic operation has improved steadily.

The basic management of the enterprise is consolidated and refined. The concept of full staff management of safety and environmental protection has been deeply implemented, the functions of the Safety and Environmental Protection Committee have been brought into full play, the fixed-point contact and supervision mechanism has been continuously deepened, safety supervision and salary have been linked more closely, and key and difficult problems have been solved one by one. Comprehensively deepen the full staff quality management responsibility system, product quality supervision has been continuously strengthened, the total quality management system has been continuously improved, and the company has been awarded as a quality benchmark enterprise in Shaanxi Province. Actively carry out "JDC" brand building, the company on the list of Chinese brands non-ferrous plate top 20. Many measures have been taken, such as cadre performance appraisal system, staff training reform, job skills appraisal and so on, and human resources management has been continuously optimized. Actively build the company's ESG management system, the capital market management operation is more standardized, and the maintenance of the company's market capitalization continues to be strengthened.

Reform and development will be carried out as a whole. First, the functions of government organs, the mode of economic operation, and the mode of management and control have been continuously changed, comprehensive budget management, total quality management, and omni-directional cost control have been carried out in depth, and personnel employment, salary distribution, and institutional functions have been continuously optimized. Second, great achievements have been made in resource control and development, with an investment of 300 million yuan to successfully participate in Jilin Tianchi Jide Molybdenum Mine, accounting for 18.3% of the shares. Third, the market-oriented order-based operation and management mechanism has been gradually improved, the transformation of the monitoring center into a "profit-oriented" unit has been accelerated, the business and institutions of the marketing sector have been deeply optimized, and a risk control system for product sales and trade operation has been initially established. Fourth, the reform at the business level has been carried out in an orderly manner. Effectively solve the ore drawing problem of Lixi tailings auxiliary dam; successfully break through the new molybdenum disulfide line and effectively support the sustainable development of molybdenum disulfide; major breakthroughs have been made in the development of the domestic display panel market, and the sales of target products have increased by 47% compared with the same period last year; take the mass innovation space as the bearing, set up internal innovation companies, maximize the creativity and initiative of scientific research personnel, and accelerate the transformation of scientific research achievements.