Chihong's net profit in the first three quarters of zinc and germanium increased by 62.33% compared with the same period last year.

In the first three quarters, Yunnan Chihong Zinc and Germanium Co., Ltd. seized the market opportunity of rising prices of zinc and silver products, actively organized production, high production and high sales, and increased sales and selling prices compared with the same period last year. At the same time, it actively carried out all-factor reduction of cost and efficiency, and the controllable cost of the product decreased compared with the same period last year, achieving business income of 16.161 billion yuan, an increase of 17.28%. The net profit belonging to the shareholders of listed companies was 1.109 billion yuan, up 62.33% from the same period last year, while the non-net profit was 1.063 billion yuan, up 66.06% from the same period last year.

Market-oriented reform stimulates vitality

Chihong zinc and germanium pilot implemented a professional manager system in five enterprises, including Chihong Comprehensive Utilization, Yongchang lead and Zinc, Chihong International Germanium Industry, Chihong Logistics and Selwyn Chihong, fully implemented term contract management for the management of 16 subordinate pilot enterprises, and guided the board of directors of subsidiaries and the management level to sign the "two books and one law" (post appointment contract, term management goal responsibility letter, term salary and performance appraisal method). And implement the requirements of "strong incentive and hard constraint". Since the implementation of the contract management of professional manager system and tenure system, the market order of Chihong germanium industry has increased by 27.3% compared with the same period last year, and the market order of Chihong logistics has increased by 36% compared with the same period last year. Chihong comprehensive utilization of internal potential of 64 million yuan, the total year-on-year profit is the same as the previous period, the efficiency of project implementation has been greatly improved, and the cost has decreased significantly.

Amoeba management helps reform

Since the comprehensive introduction of amoeba in June this year, Chihong zinc germanium amoeba business accounting and management model has achieved good results, amoeba "twelve operating principles" principles and concepts in the company has been varying degrees of understanding and landing. In particular, front-line teams and some functional departments have begun to establish the management concept of "first calculate, then win, then dry, dry and profitable". From Pakistan to employees, they have the monetization of the results of "quantity, capital, price, fee, profit", digital values and management concept, and have changed from passively waiting for "paying wages" to actively "earning wages". A big step has been taken to actively promote market-oriented reform.

Scientific and technological innovation speeds up the transformation of power

Chihong zinc and germanium take scientific and technological research and development as the driving force, strengthen the combination of production, learning and research, and make efforts to enhance the level of safety and environmental protection, increase the efficiency of production and operation, set up world-class standards, reduce costs and increase efficiency, strengthen innovation in geology, mining, smelting, environmental protection, and research and development of new products, and effectively stimulate the momentum of innovation, so as to lay the foundation for continuing to be a "vanguard" of the lead, zinc and germanium industry. In the first half of this year, Chihong comprehensive utilization through the improvement of germanium concentrate mineral phase technology has greatly improved the recovery rate of downstream enterprises and increased the added value of comprehensive recovery of germanium concentrate. In this year's competitive bidding and sales, the value-added contract value is nearly 15 million yuan. Chihong germanium industry ultra-fine germanium dioxide was selected into the product list of the State-owned assets Supervision and Administration Commission of the State Council.

Deep integration of party building and production and management

Chihong zinc and germanium comprehensively promote the deep integration of party building and business, effectively lead and ensure the reform and development of the company, and have been awarded the plaque of "Enterprise Party Building Innovation practice Teaching Station" by China Cultural Management Association. Since the beginning of this year, the Chihong Zinc and Germanium Party Committee has drawn up 489 lists of "I do practical things for the masses" around the urgent and difficult tasks of employees such as housing, medical care, and schooling, and 180 lists of "I contribute to Chinalco" around key tasks such as production and operation and deepening reform. set up a list of "strong party spirit to overcome difficulties and work hard to open a new game" list 88. All second-level units closely focused on the key work of all-factor benchmarking and double control of energy consumption, established 202 effective projects for party members and 249 innovative projects for party members and masses, and gave full play to the fighting bastion role of party organizations and the exemplary vanguard role of party members, effectively solving production problems.

The year 2021 is the opening year of the country's 14th five-year Plan, and it is also the first year of the implementation of Chihong's three-year Action Plan and five-year Development Plan. Companies adhere to market-oriented, value-oriented, focus on the nature of profit management, with ROE as the core, effectively infiltrate value creation into all aspects of production and operation, and constantly improve the ability of value creation. In the first three quarters, the company's ROE reached 7.28%, up 2.73% from 4.55% in the same period last year, reaching the best level in nearly four years, pushing the company to a new level of high-quality development.