A few days ago, Yunnan Copper Co., Ltd. released its annual report: production and operation made steady progress for the whole year, with operating income of 88.239 billion yuan, an increase of 39.42% over the same period last year, and total profits exceeding 1 billion yuan for two consecutive years, reaching 1.072 billion yuan. In 2020, the total cash dividend was nearly 170 million yuan.
In 2020, in the face of the dual impact of COVID-19 's epidemic situation and large fluctuations in copper prices, Yunnan Copper Industry maintained strategic determination and stuck to its annual target, taking all-factor alignment as the main line, improving quality and efficiency as the starting point, focusing on improving management efficiency, strengthening cost competitiveness, and improving development quality. the total copper content in concentrate for the whole year was 98000 tons, an increase of 16.25 percent over the same period last year, and the production of cathode copper was 1.309 million tons, an increase of 17.4 percent over the same period last year. It produced 16.9 tons of gold, an increase of 41.4 percent over the same period last year; produced 621.68 tons of silver; produced 4.66 million tons of sulfuric acid, an increase of 19.57 percent over the same period last year; and achieved the annual production and operation target.
For a long time, Yunnan Copper Industry has adhered to the leadership of the Party, thoroughly implemented Xi Jinping's thought of ecological civilization, fully cooperated with the central ecological and environmental protection supervision work, comprehensively operated the CAHSE accurate management system, paid close attention to safety and environmental protection, highlighted the orientation of problems, grasped the rectification and reform of real problems, accelerated to make up for the shortcomings of safety and environmental protection, corporate governance was more scientific, standardized and efficient, the construction of the rule of law was more sound, risk management and control was more effective, and the pattern of major supervision was becoming more and more perfect. In 2020, there were no administrative penalties for environmental protection and general or above emergencies in Yunnan Copper Industry, and the main pollutants met the discharge standards.
At the same time, Yunnan Copper Industry uses all-factor benchmarking thinking to firmly establish the concept of value creation and market-oriented subject consciousness, combined with DuPont analysis system and 5C value management system to form a benchmarking index system led by ROE, formulate and implement the "target list" and "measure list", the asset quality has been continuously improved; its mines and smelters have been allocated as a whole, and the average inventory of productive materials and total copper inventory in 2020 have been well controlled. Yunnan Copper Industry vigorously promotes the reform of "quality, efficiency and power", constantly stimulates the vitality of reform and strengthens the driving force of innovation; establishes a market-oriented assessment index system with "profit + cost + free cash flow" as the core, and increases salary incentives; to implement the plan for key science and technology projects, R & D investment reached 845 million yuan in 2020, seven scientific and technological achievements won provincial and ministerial awards, and 46 scientific and technological projects achieved a total of 248 million yuan.
In terms of social responsibility, Yunnan Copper Industry continues to implement the "1N" poverty alleviation model, which is based on the natural endowments of resources and environment in poor areas, integrates the advantages of its own main business, and resolutely wins the battle against poverty and the war of prevention and control of the epidemic. In 2020, it invested a total of 146 million yuan in poverty alleviation funds, and carried out industrial assistance, educational assistance, ecological protection assistance, targeted poverty alleviation, and beautiful rural construction in poor villages in Diqing Prefecture and Yuxi City. To help 1159 poor people who set up archives and set up cards to lift themselves out of poverty, and to increase industrial investment by 78.7388 million yuan in poverty-stricken areas of Diqing Prefecture; Donated 7.5 million yuan in epidemic prevention and control funds to charities, 127000 yuan worth of epidemic prevention materials to local government agencies and relevant schools, and 201600 yuan worth of epidemic prevention materials to overseas governments. Duji and Luo Tai, employees of the company, respectively won the title of "National Advanced individual in Poverty Alleviation" and "Advanced worker in Poverty Alleviation in Yunnan Province".
