China Evergrande and Hengda Properties announced today that they will resume trading

On the evening of the 2nd, China Evergrande and Hengda Properties announced on the Hong Kong Stock Exchange that the company has applied to the Stock Exchange to resume trading at 9:00 am on October 3.

On September 28, China Evergrande announced on the Hong Kong Stock Exchange that the company had received a notice from relevant departments that Mr. Xu Jiayin, the executive director and chairperson of the board of directors of the company, had been taken compulsory measures according to law on suspicion of illegal crimes.

On the morning of September 28, Hengda’s listed companies China Evergrande, Hengda Automobile, and Hengda Property collectively suspended trading on the Hong Kong Stock Exchange.

On the afternoon of September 27, Hengda’s listed platform stock price suddenly fell. As of the close, China Hengda fell 19%, with a total market value of 4.20 billion Hong Kong dollars; Hengda Automobile fell 20%, with a total market value of 6.10 billion Hong Kong dollars; Hengda Property fell 14.5%, with a total market value of 6.40 billion Hong Kong dollars. The total market value of the three major platforms is only 16.70 billion Hong Kong dollars.

A criminal law expert said in an interview with reporters at the time that according to Evergrande Group’s announcement, the company should have received a precise notice, and the notice classified Xu Jiayin as "suspected of illegal crimes" and was subject to coercive measures. It is common sense to guess that in the case of notification by relevant departments, the coercive measures taken are likely to be different from the "residential surveillance" misreported by foreign media.

The above-mentioned criminal legal experts said that in the context of the early investigation of Hengda Real Estate by the China Securities Regulatory Commission and the criminal coercive measures taken by the public security department against Hengda Fortune Du and other suspected criminals, the result of Xu Jiayin’s suspected illegal crime should not surprise too many people. Public opinion has paid more attention to "when" to take action. Judging from the current public information, the issues involved in him are likely to be related to multiple crimes, which are very complicated and may take quite some time to clarify.

It is worth noting that Hengda Automobile, which was suspended at the same time as China Hengda and Hengda Property, did not resume trading at the same time. On the last trading day before the suspension of Hengda Automobile, the share price was HK $0.56/share, and the total market value was HK $6.073 billion.

Source | Yangcheng Evening News ? Yangchengpai Comprehensive Securities Times, 21st Century Economic Report, etc
Editor in Charge | Zheng Zongmin

Don’t get lost in this booth map.

This year’s Chengdu International Auto Show opened a total of 11 vehicle exhibition halls, with 129 automobile brands including German, American, legal, Japanese, Korean, joint venture and independent, exhibiting nearly 1,600 vehicles, including many world premiere and hot-selling explosive models. In which exhibition halls are these heavy new cars worthy of attention distributed? How can I not get lost in the vast Xibo City? Next, this beautiful auto show bitmap will guide you to find your favorite car quickly.

Hall 1

Focus on new cars

Guangqi Honda 2024 Odyssey: In the China market, Odyssey has won the trust of consumers with its spacious space, comfortable ride, rich configuration and stable quality. The 2024 Odyssey made its debut at Chengdu International Auto Show, with a price range of 235,800-439,800 yuan, which meets the latest national emission standard of six B. More than 10 functions such as intelligent switching system of far and near light, digital key, remote operation of air conditioner and intelligent voice recognition have been added. Equipped with a 2.0L hybrid power system, the maximum power is 146 HP (107KW) and the peak torque is 175N·m, matching the E-CVT gearbox. The official fuel consumption is 5.88L/100km.

Guangzhou Automobile Toyota Fenglanda: Fenglanda, which is widely loved by young consumers, is the first choice for entry-level SUVs, and has achieved excellent sales of nearly 160,000 units since its listing. At present, it is an inevitable choice for young people in the era of rational consumption to carry out the premium again after matching the smart electric hybrid dual engine.

Dongfeng Honda CR-V: The sixth generation is larger in size and has a hybrid version.

Ford Ranger: the star pickup truck that has attracted much attention has been made in China for a long time.

Nissan ARIYA ARIYA: The price has just been reduced, which is worthy of attention.

No.2 hall

Focus on new cars

SAIC Volkswagen ID.3: After the price reduction, the order immediately exceeded 10,000, representing the cost performance.

SAIC Volkswagen Weiran: Volkswagen’s flagship MPV model based on MQB Evo architecture is a treasure daddy model. As a modified version, the 2024 Weiran was launched today. The interior design of the new car has been adjusted, and the power and configuration remain unchanged. With reference to the official guide price of 289,800-402,800 yuan for the Weiran system currently on sale in China, it is expected that the new models after the change will also remain in this price range.

Roewe D7: the first new car in the new energy sequence.

Geely Yinhe L6: The first car under the Geely Yinhe brand opened for pre-sale today. It was previously revealed that the pre-sale price range was 140,000-180,000 yuan. There are four models, which are available in 60km and 125km pure electric endurance versions, equipped with Raytheon 1.5T hybrid special engine and 3-speed variable frequency electric drive DHT Pro. The comprehensive endurance of WLTC is 1320km and 1370km respectively, the acceleration time from 0 to 100km/h is 6.5s, and the fuel consumption of WLTC is 4.55L/100km;. The new car comes standard with DC fast charge, and it takes 0.5 hours for 30%-80% of the power.

No.3 hall

Focus on new cars

BYD Song L: This is one of the heaviest models released by BYD at this auto show. It is positioned as a pure electric hunting medium-sized SUV. The car is equipped with blade battery, CTB battery body integration technology, intelligent electric four-wheel drive, cloud system and other technologies. The power system is a rear-drive single motor and a four-wheel drive dual motor. The former has a maximum power of 230KW, while the latter reaches 380KW, and the zero-speed acceleration reaches 3 seconds. Vehicle design is a big selling point. Before that, some netizens commented that it was "the best BYD model designed at present". Frameless doors and concealed door handles are standard, and the highly acclaimed five-star rim has also been preserved. The whole car is smart and not bloated, and the segmented spoiler and the electric lifting tail give it a different taste.

Looking up to U8: The voice is extremely high, and it is called the light of domestic new energy.

Tengshi N8: You can walk the streets in the city or go out for a cross-country "daddy car".

Haobo GT: The cheapest rotor door, quite cool.

Equation Leopard-Leopard 5: Hard-core SUV, the acceleration of zero hundred is only 4.8 seconds, which is hard to imagine.

No.4 hall

Focus on new cars

Great Wall Tank 400 Hi4-T: The pre-sale will be started at the auto show today, and the estimated price is 250,000-300,000 yuan. The new car adopts the latest mecha style of the tank family, with the same wheelbase as the tank 500. It adopts a non-loaded body and is equipped with a 2.0T+9HAT hybrid system. The comprehensive power reaches 300KW, the comprehensive torque reaches 750N·m, the pure battery life is 105km, and it supports the external discharge function.

Mercedes-Benz AMG SL 63: Since its release in 2021, AMG SL 63 has attracted many young consumers with its elegant soft-top convertible structure. At this auto show, the brand-new Mercedes -AMG SL 63 will be launched. The car is equipped with a 4.0T V8 engine, with a maximum power of 430KW and a peak torque of 800 N m. It only takes 3.6 seconds to accelerate 100 kilometers. The convertible mechanism can be opened and closed in 15 seconds when the vehicle speed is below 60 km/h.

No.5 hall

Focus on new cars

ICAR 03: the combination of hard-core cross-country and mecha style.

Mazda CX50: a brand-new product of oil and electricity platform, intelligent non-inductive cylinder technology.

Jietu Traveler: Positioning hard-core medium-sized SUV.

Chery eQ7: newly launched, the first model based on the first aluminum-based lightweight platform in China, with a greatly reduced body weight and a curb weight of only 1850kg.

Chevrolet Trailblazer and Star Milo: A "cavity fishing tough guy" tailored for fishing enthusiasts, and a "Shan Ye Star Ride" customized for cycling enthusiasts, following the current outdoor trend, and hitting the red heart directly when listening to the name.

No.6 hall

Focus on new cars

Volkswagen ID.7VIZZION: pure electric "magotan" must be seen.

Red Flag HS7: brand-new appearance, available in 5/6/7 seats.

Jetta ABT limited edition: a limited edition new car jointly built with the internationally renowned modified brand ABT, which is the favorite of players.

No.10 hall

Focus on new cars

Zhiji LS6: The medium and large pure electric coupe launched at the auto show is equipped with 800V fast charging system, which can increase the battery life by 200km after charging for 5 minutes.

SUV Lan Tu FREE: Baidu blessing is renewed inside and outside, and the price has been reduced.

Weilai EC6: Based on the NT2.0 platform, it welcomes a new generation of vehicles.

Hall 11

Focus on new cars

Polar Fox Koala: JiHu Koala, listed at this auto show, as an SUV combining innovative technology, unique design and excellent performance, is destined to become the focus of hot discussion among consumers. The pre-sale price of the new car is currently 150,000 yuan. It is reported that the new car adopts advanced power system combined with efficient energy management to achieve better driving performance and fuel economy. At the same time, it is equipped with a series of intelligent driving assistance systems to provide a higher level of safety and driving pleasure. The new car is expected to be equipped with a single-motor rear-drive system with a maximum power of 120KW and a battery pack of 58.8kWh. CLTC has a comprehensive battery life of 500km.

Feifan F7: Blessed by SAIC, with a wheelbase of 3m and Bach cockpit.

Zero run C11: The sales volume is "dark horse". I wonder what makes it so difficult.

No.14 hall

Focus on new cars

BMW IX1: IX1 is based on the brand-new domestic X1 long wheelbase model, and the interior space reaches iX3 level, which is one of the most eye-catching models of BMW at the auto show. The biggest highlight of the new car is the launch of the car-machine interactive system equipped with iDrive9.0. This is the first BMW car-machine interactive system based on Android, and its openness and application number have ushered in unprecedented growth. In terms of power, it is equipped with a dual-motor powertrain. The maximum power of the front and rear motors is 150KW, and a ternary lithium battery pack of 66.45kWh is used. Under CLTC conditions, the pure battery life is 450km.

Cadillac LYRIQ Ruige: The official price has just been reduced by 60,000 yuan, and the deposit is inflated, which is very tempting.

No.15 hall

Focus on new cars

Jaguar E-PACE: As the only domestic Jaguar SUV, E-PACE effectively lowers the entry threshold of Jaguar SUV. The new car will make its debut at Chengdu International Auto Show, becoming one of the few fuel vehicles to make its debut at the auto show. The new car is equipped with 1.5T and 2.0T engines, and the maximum power is 147KW(200Ps) and 183KW(249Ps) respectively, both of which match the 9-speed automatic manual transmission. In terms of appearance, it continues the style of overseas mid-term redesigned models, and the interior has also changed. The latest 11.4-inch high-definition curved touch screen and brand-new electronic shift lever design will be replaced.

No.16 hall

Focus on new cars

Lotus ELETRE: a pure electric SUV with super-running pedigree.

Extreme Yue 01: Jidu ROBO-01 was renamed Extreme Yue 01 and made its debut at Chengdu International Auto Show. Backed by Baidu, the delivery time is in October. As the reincarnation of the concentration, it focuses on intelligence and deserves attention.

Warrior: Go and feel the grandeur of thousands of electric off-road vehicles.

The starting price may exceed 120,000 BYD Qin L will appear at the Beijing Auto Show.

A few days ago, Chezhi. com obtained more information about BYD Qin L from relevant channels. The new car will officially meet with consumers at the 2024 Beijing Auto Show, which opened on April 25. The starting price of the new car in the future may be more than 120,000 yuan.

In terms of appearance, Qin L adopts the design concept of "New Country Tide and Beauty Aesthetics", and the interior of the large grille on the front face is decorated with chrome-plated lattice, which looks very delicate. The headlights of the new car are sharp in shape, and the internal matrix light source layout further highlights the three-dimensional sense of the front face. The shape of the car side is simple and smooth, and the straight waistline of the car body and the chrome trim of the glass window frame bring a good sense of strength to the car side. In addition, the new car also adopts a slip-back design, and the overall visual effect is very young.

In terms of interior, it is still a familiar family style. There are almost no physical function keys in the center console area, and most of the functions are integrated in the central control screen. At the same time, it is equipped with a full LCD instrument and a floating central control screen, which is very good for the creation of a sense of science and technology.

In terms of power, according to the previous application information, Qin L will be equipped with a plug-in hybrid system consisting of a 1.5L engine and an electric motor. Among them, the maximum power of the engine is 74kW, and the maximum power of the motor is 120kW and 160kW according to the vehicle configuration. In terms of batteries, 15.874kWh and 10.08kWh batteries with different capacities are available for selection, and the corresponding pure electric cruising range is 90km and 60km respectively. For more information about new cars, car quality network

Comments on the operation of the board of directors of Baiyin Nonferrous Metals Co., Ltd. in 2022

() The business review of the Board of Directors in the first half of 2022 is as follows:

  I. Description of the industry and main business of the company during the reporting period.

(A) the macroeconomic situation in the first half of 2022

1. The global economic situation in the first half of 2022

In the first quarter of 2022, affected by the recurrent COVID-19 epidemic and other factors, the global imbalance between supply and demand intensified, the growth rate of goods trade slowed down, the inflation level increased significantly, and the economic recovery process slowed down. In the second quarter of 2022, both the global supply side and the global demand side faced downward pressure. The growth rate of industrial production, enterprise investment, household consumption and international trade slowed down, the economic growth rate dropped significantly, and the inflation level rose in an all-round way. The international financial market continued to be turbulent, the Federal Reserve initiated a radical interest rate hike policy, the US dollar index rose strongly, major stock markets fluctuated and fell, and commodity prices continued to weaken.

2. Domestic economic situation in the first half of 2022

In the first half of 2022, China’s economy faced unprecedented challenges, especially since March, due to the unexpected factors such as the new round of COVID-19 epidemic in China, the conflict between Russia and Ukraine and its sanctions, the downward pressure on China’s economy has obviously increased, which has a certain impact on the normal growth of the macro economy. With the easing of the epidemic, combined with the comprehensive efforts of macro-policies and the repair and adjustment of market players, China’s economy rebounded, with GDP growth of 2.5% in the first half of the year, and the economy stabilized and rebounded.

(II) Changes in the US dollar index and exchange rate

From January to June, 2022, the highest dollar index was 105.7913, the lowest was 94.6269, and the average value from January to June was 99.7205, which was 9.57% higher than the average value from January to June, 2021. At the end of June 2022, the closing index was 104.7057, which was 13.36% higher than the closing price at the end of June 2021. (Source:)

From January to June, 2022, the highest value of USD against RMB was 6.8150, and the lowest value was 6.3048. The average value from January to June was 6.4829, which was 128 basis points lower than the average value from January to June, 2021, with a depreciation rate of 0.20%. The closing price at the end of June 2022 was 6.6943, which was 2,331 basis points lower than that at the end of June 2021, with a depreciation rate of 3.61%.

(III) Market situation of nonferrous metals and precious metals where the company is located

In the first half of 2022, the price of non-ferrous metals rose first and then fell. From the beginning of the year to the end of April, driven by energy worries and the supply shortage caused by the Russian-Ukrainian war, non-ferrous metals rose strongly under the influence of inflation expectations and macro-emotions; Subsequently, the American hawkish action was expected to strengthen and the global economic growth rate was lowered. Since the end of April, non-ferrous prices have been under pressure. During this period, the US dollar dominated the rhythm of its volatility and retreated all the gains in the first half of the year.

1. Prices of nonferrous metals and precious metals products.

(1) Copper

From January to June, 2022, the highest price of LME-3M copper contract was $10,845/ton, and the lowest price was $8,123/ton. The average price from January to June was $9,755/ton, which was 7.35% higher than that from January to June, 2021. From January to June, 2022, the highest price of Shanghai copper main contract of Shanghai Futures Exchange was 77,270 yuan/ton, and the lowest price was 61,620 yuan/ton. The average price in January to June, 2022 was 71,536 yuan/ton, which was 7.11% higher than that in January to June, 2021.

In the first half of 2022, the overall copper price rose and fell. In the first half of the year, there were inflation expectations in the global economy. In February, the conflict between Russia and Ukraine caused the prices of crude oil, natural gas and other energy sources to rise sharply. At the same time, the extreme long-term crowding caused by the nickel incident in March further stimulated inflation speculation, so the copper price fluctuated sharply from January to April. In late April, the Federal Reserve started to raise interest rates in response to inflation, and constantly accelerated the pace of raising interest rates, which tightened the liquidity of funds. In addition, investors expected the economic recession in Europe and the United States, and copper prices entered a rapid downward trend.

(2) Zinc

From January to June 2022, the highest price of LME-3M zinc contract was USD 4,896/ton, and the lowest price was USD 3,136/ton. The average price in January to June 2022 was USD 3,799/ton, which was 33.36% higher than that in January to June 2021. From January to June, 2022, the highest price of the main contract of Shanghai Zinc in Shanghai Futures Exchange was 28,995 yuan/ton, and the lowest price was 25,525 yuan/ton. From January to June, 2022, the average price was 25,843 yuan/ton, which was 19.74% higher than that in January and June, 2021.

In the first half of 2022, the price of zinc rose first and then fell. Among them, Shanghai zinc reached a 15-year high of 28,995 yuan/ton, and fell sharply to a new low this year. Similarly, Lunzinc broke through a record high of 4,896 US dollars/ton in March and was under pressure.

(3) Lead

From January to June 2022, the highest price of LME-3M lead contract was $2,700/ton, and the lowest price was $1,883/ton. From January to June 2022, the average price was $2,265/ton, which was 8.72% higher than that in January to June 2021. From January to June, 2022, the highest price of Shanghai lead main contract in Shanghai Futures Exchange was 16,465 yuan/ton, and the lowest price was 14,680 yuan/ton. The average price in January-June, 2022 was 15,323 yuan/ton, which was 0.70% higher than that in January-June, 2021.

In the first half of 2022, the Russian-Ukrainian conflict, the European energy crisis, high inflation in overseas developed economies and the China epidemic led to limited economic activities in some areas, and the global financial market fluctuated violently. The major economies were "stock and debt bears", and commodities peaked and fell back after high shocks. The drag of the big environment led to the fall of colored high levels and the shock of lead prices. In the first half of 2022, the overall lead price showed a low volatility trend.

(4) Gold

From January to June, 2022, the highest price of COMEX gold was $2,079/ounce, and the lowest price was $1,781/ounce. From January to June, 2022, the average price was $1,877/ounce, which was 4.03% higher than the average price from January to June, 2021.

From January to June 2022, the highest price of spot gold 9999 in Shanghai Gold Exchange was 416.18 yuan/gram, and the lowest price was 368.42 yuan/gram. The average price from January to June 2022 was 391.94 yuan/gram, which was 3.59% higher than that from January to June 2021.

In the first quarter of 2022, due to the sudden escalation of geopolitical tensions between Russia and Ukraine, risk aversion rose sharply, and the sharp rise in energy prices once again ignited inflation expectations. With the double boost of safe-haven demand and inflation worries, the gold price, the US dollar index and the US bond yield rose simultaneously. Subsequently, due to the staged easing of the situation in Russia and Ukraine, the Federal Reserve started this round of interest rate hike cycle, and the price of gold fluctuated at a high level. Until mid-April, due to inflationary pressure from overseas economies, off the charts, the Federal Reserve turned completely into an eagle, and its determination to curb inflation was firm. As a result, the pace of interest rate increase by the Federal Reserve continued to exceed expectations, and the real interest rate in the United States began to rise, from negative to positive, thus suppressing the price of gold.

(5) Silver

From January to June 2022, the highest price of COMEX silver was $27/oz, and the lowest price was $20/oz. The average price from January to June 2022 was $23/oz, which was 11.79% lower than the average price from January to December 2020. From January to June 2022, the highest price of Huatong Platinum Silver 1# silver was 5313 yuan/kg, and the lowest price was 4490 yuan/kg. The average price from January to June 2022 was 4856 yuan/kg, which was 10.42% lower than that from January to June 2021. (Source: Huatong Baiyin Net)

In the first half of 2022, silver followed the trend of gold price as a whole, but the overall performance of silver was weaker than that of gold because of the double negative effects of financial and commodity attributes.

2. Output of nonferrous metals and precious metals products

According to the National Bureau of Statistics, in the first half of 2022, the industrial added value of non-ferrous metals industry increased by 5% year-on-year. The output of ten kinds of non-ferrous metals was 32.83 million tons, up by 1% year-on-year. Among them, the output of copper, aluminum and lead increased by 2.5%, 0.7% and 3.1% respectively, and the output of zinc decreased by 1.7%.

According to the latest statistics of () Association, in the first half of 2022, the domestic raw material gold output was 174.69 tons, an increase of 21.93 tons compared with the first half of 2021, and a year-on-year increase of 14.36%. Among them, 139.15 tons of gold minerals and 35.53 tons of non-ferrous by-product gold were completed.

3. Profits of non-ferrous metal mining, smelting and rolling processing industries

According to the data of National Bureau of Statistics, from January to May, 2022, the mining industry realized a total profit of 708.27 billion yuan, up 130.9% year-on-year, and the non-ferrous metal smelting and rolling processing industry realized a total profit of 29.77 billion yuan, up 54.2% year-on-year.

4. Investment in non-ferrous metals industry

From January to May 2022, investment in mining industry increased by 17.3% year-on-year, and investment in nonferrous metal smelting and rolling processing industry increased by 14.1% year-on-year. Overall, the revenue of industrial enterprises rebounded in 2022. Driven by the gradual recovery of production logistics and the smooth supply chain of industrial chain, the sales situation of industrial enterprises has improved. (Source: National Bureau of Statistics)

(4) Main business of the company

The company’s main business is the mining, smelting, processing and trade of copper, lead, zinc, gold, silver and other non-ferrous metals and precious metals. Its business covers the whole industrial chain of non-ferrous metal exploration, mining, mineral processing, smelting and processing, involving domestic and foreign regions. It is a large-scale non-ferrous metal and precious metal enterprise with deep industry accumulation and initially formed an international layout.

(five) the company’s main products and their uses

The cathode copper produced by the company is widely used in various fields such as electricity, light industry, machinery manufacturing, construction industry, etc. The downstream customers and enterprises further process the cathode copper to form deep-processed products such as copper rods, copper wires, copper plates, wires and cables. Electric lead is mainly used to manufacture lead storage batteries and anti-corrosion equipment. Zinc is mainly used for electroplating zinc, alloy manufacturing, casting of precision castings and zinc compounds and salts; Precious metal gold and silver are widely used in daily necessities plating and jewelry industries except for some exports.

In 2021, the company ranked 333rd among the top 500 enterprises in China, 22nd among non-ferrous industries and 97th among the top 100 multinational companies in China.

(VI) Business model of the company

During the reporting period, the company’s main business model has not changed significantly.

1. Production mode

In the first half of 2022, the company mainly produced copper, zinc, lead, gold and silver, and comprehensively recovered copper, zinc, lead, gold, silver, nickel, tellurium, selenium, platinum, palladium, indium, rhenium, bismuth and other rare precious metals and sulfuric acid. The company’s main products were organized and produced by international standards.

In copper smelting, the company adopts the smelting process of "flash furnace system flash smelting furnace" which has reached the world advanced level.

In the field of lead and zinc, the company adopts low-pollution jarosite wet zinc smelting process and ISP zinc smelting process, with advanced technology and obvious complementary advantages.

In production management, the company relies on the continuous and effective operation of the three systems of GB/T19001-2016 quality management, GB/T24001-2016 environmental management and GB/T45001-2020 occupational health and safety management to ensure that the product quality is strictly controlled, and the main economic and technical indicators have reached the domestic advanced level.

Adhering to the development path of innovative economies of scale, the company continued to vigorously carry out technological innovation, made new breakthroughs in independent innovation of core technologies, steadily advanced the upgrading of production technologies, comprehensively improved the level of comprehensive utilization of resources, gradually formed a new format of circular economy, made new progress in green sustainable development, made solid progress in industrial upgrading, integrated development of resources and international operation, and continuously improved the company’s profitability and competitiveness.

2. Purchasing mode

The company’s procurement mode is mainly divided into domestic raw materials and imported raw materials procurement.

Domestic raw material procurement is divided into two modes: mine direct procurement and trader procurement. According to geographical advantages, mine direct supply is preferred, followed by traders with stable supply and large supply, and the mode of combining long orders with spot procurement is adopted.

The procurement of imported raw materials is mainly based on land transportation concentrate procurement, supplemented by sea transportation concentrate procurement, and sea transportation ore is mainly used for winter raw material reserve.

In the process of purchasing raw materials, the company gives full play to the advantages of production technology, purchases raw materials with price advantages and high added value, and avoids price risks through raw material hedging.

3. Sales model

There are two main ways to sell company products.

First, the local sales of silver are mainly aimed at the local sales of sulfuric acid, slag materials and waste materials.

Second, through the centralized trading of Silver Headquarters, Shanghai Honglu International Trading Co., Ltd., a wholly-owned subsidiary of the company, is used as a platform to realize the sales of main products of copper, lead and zinc, form a sales network in different places, and set up a warehouse in different places according to market demand.

The sales network can not only directly face the market, grasp the local market demand, but also know the customer information in time and provide good after-sales service. The company adjusts the sales price and sales strategy daily according to market conditions at any time to effectively cope with market changes.

Second, the discussion and analysis of the business situation

(1) Production situation

In the first half of 2022, the company’s mining and dressing system produced 123,500 tons of copper, lead, zinc and molybdenum concentrate, an increase of 3,200 tons, or 2.66%, compared with the same period of last year, of which 30,800 tons of concentrate contained copper, or an increase of 6,300 tons, or 25.71%. The concentrate contains 80,100 tons of zinc, which is 5,500 tons less than that of the same period of last year, with a range of 6.43%. The concentrate contains 12,500 tons of lead, an increase of 24,000 tons over the same period of last year, with a range of 23.76%; The concentrate contains 92 tons of molybdenum, an increase of 15 tons over the same period of last year, with a range of 19.48%. The main reasons for the increase of copper, lead and zinc metal in the concentrate produced by the company’s mining and dressing system compared with the same period of last year are: the change of ore grade of Peru tailings and the improvement of mineral processing technology.

The smelting system produced 125,900 tons of cathode copper, an increase of 24,100 tons over the same period of last year, with a range of 23.67%; The production of electrical lead was 0.83 million tons, a decrease of 0.23 million tons compared with the same period of last year, with a range of 21.7%; The production of zinc products was 200,900 tons, an increase of 24,900 tons over the same period of last year, with a range of 14.15%; It produced 4,843 kilograms of gold (including 1,272 kilograms of gold produced by the first gold), an increase of 1,317 kilograms over the same period of last year, with a range of 37.35%; The production of silver was 96.1 tons, an increase of 9.6 tons or 11.1% over the same period of last year; The production of sulfuric acid was 737,800 tons, an increase of 53,500 tons or 7.82% over the same period of last year. The year-on-year increase of non-ferrous metal cathode copper and by-products of gold, silver and sulfuric acid was mainly due to the adjustment of production mode of copper smelting and electrolysis process, and the output of non-ferrous metal products and by-products increased compared with the same period of last year; The main reason for the year-on-year decrease of electric lead is that the production of electric lead decreased year-on-year due to the maintenance of production system; The main reason for the year-on-year increase of zinc products is that the effective production time in the first half of the year of Chengzhou Zinc Smelter under the company increased compared with the same period of last year, and the output increased year-on-year.

(II) Construction of key projects

The 6.8 million tons/year tailings comprehensive utilization expansion project of Shouxin Peru Company is implementing civil engineering and steel structure engineering, and the overall project progress is 82%; The green mineral processing reagent project started construction at the end of April 2022; The upgrading and transformation project of copper smelting technology was completed; Baiyin furnace’s technological innovation and upgrading project is undergoing the main civil engineering construction, and some long-term equipment has been ordered; The comprehensive recovery and harmless treatment project of zinc hydrometallurgy slag has been completed and is currently in the trial production stage; The ultra-fine wire rod capacity improvement project for intelligent equipment is under process equipment installation and is expected to be put into production at the end of the year; Xinjiang Company’s 3# open pit infrastructure stripping project started construction in May 2022.

(III) Technological innovation

The company vigorously expanded external collaborative innovation and deepened the cooperation of "Industry-University-Research", and completed three provincial-level science and technology plan projects in the first half of the year; The company and china environmental science Research Institute jointly declared the "Tenth Five-Year Plan"-the key project of "Key Technologies and Equipment of Circular Economy"-"Real-time Monitoring of the Whole Process of Wet Smelting and Control Technology for Reducing the Source of Anode Mud Hazardous Waste"; Jointly declare the 2022 provincial science and technology major project "R&D and industrialization of high-purity rhenium for aero-engine turbine blades" with the Research Institute of Resources and Environment Technology; Together with Lanzhou University and Lanshi Zhongke, we jointly declared the 2022 provincial science and technology major project "High-value Utilization of Lead-zinc Smelting Tailings"; In close contact with the research and development institutions of "One Institute and Three Institutes" of Chinese Academy of Sciences, we have successfully undertaken the project of "Key Technology Research and Industrialization Experiment of Electrolytic Copper Quality Improvement" funded by the central government to guide local scientific and technological development in 2022 with Lanzhou Institute of Chemistry of Chinese Academy of Sciences, and are currently carrying out preliminary research.

Focusing on the newly promulgated "Measures for the Management of Scientific Research Projects of Revealing the List and Leading the Team", a number of "stuck-neck" technical key projects that can significantly improve indicators and reduce costs in the process of production and operation are condensed. The 173 technical key projects that were signed for docking were all implemented as planned, and nearly 40′ stuck’ technical problems, such as’ research on comprehensive utilization technology of complex lead and zinc resources’ and’ tackling key problems of improving Fe/SiO2 _ 2 technology of flash furnace slag’, have made key breakthroughs, gradually opened up production processes and carried out on-site industrial production. The company gives full play to the role of innovation platform and cultivates leading talents in scientific and technological innovation, in order to create an innovative atmosphere within the company, stimulate the innovation vitality of the company, and ensure that under the guidance of high-quality development, the innovative atmosphere is continuously enhanced and the scientific and technological innovation ability is steadily improved. Up to now, relying on the national enterprise technology center, the company has set up an academician expert workstation and 17 technological innovation platforms, including 2 national, 11 provincial, 4 enterprise-level and 7 subordinate high-tech enterprises.

(IV) Construction of internal control

In the first half of 2022, we will continue to optimize and improve the internal control system based on the company’s articles of association in combination with the relevant requirements of the company’s three-year reform and the construction of the internal control system, so as to effectively improve the company’s governance level, management efficiency and risk prevention and control capabilities. Formulated the Work Arrangement for Improving the Two-level Internal Control System in 2022, and compiled the Internal Control System (Revision) Plan; We revised and improved the Articles of Association and related systems for regulating the construction of the company’s board of directors, and comprehensively completed the phased work of combing and integrating internal control systems that meet the operational requirements of state-owned assets supervision and listing norms in business areas such as scientific and technological development, budget and marketing. Up to now, 29 internal control systems have been newly built, 40 internal control systems have been revised, 73 internal control systems have been abolished, and 401 internal control systems covering 198 key business management processes in 10 categories covering all businesses and management have been established and improved.

(五)安全环保情况

安全方面,公司围绕年度安全生产和职业卫生工作目标,持续推进各项重点工作的开展,通过扎实推进三年专项整治巩固提升,持续强化外包工程单位安全监管,全面开启安全生产标准化提质升级建设,强化安全监督管理,持续开展常态化和专业化的风险隐患排查治理,持续开展全员安全教育培训,加强职业病危害源头治理和应急救援能力建设等重点工作的落实,持续提升公司安全生产治理能力和治理水平。

环保方面,公司立足实际,深入落实习近平生态文明思想,把思想和行动统一到中央和省、市决策部署上来,以实现减污降碳协同增效为总抓手,以制度管理、项目实施为手段,坚持“源头控制、规范治理”的原则,积极探索、多途径寻求生态环境治理新方式,保障环保投入,保证环保设施运行效果,构建主体产业清洁生产,夯实环保基础管理。狠抓环保设施运行管理,废水、废气连续稳定达标排放,各类固体废物均进行合规处置,全面排查整治环境隐患,不断完善各单位区域性风险防控体系,持续推进环境治理,坚决打赢污染防治攻坚战。

(六)党的建设情况

2022年上半年,公司党委深入贯彻新时代党的建设总要求、习近平总书记关于国资国企改革发展和党的建设的重要论述、省第十四次党代会精神,紧紧围绕发展要务,把增强“四个意识”、坚定“四个自信”、做到“两个维护”,体现在坚决贯彻党中央决策部署的行动上,体现在履职尽责、做好本职工作的实效上,体现在讲责任讲担当的日常言行上,一以贯之通过贯彻落实党的理论和路线方针政策来把准企业改革发展的正确方向,通过深化董事会职权改革来提升公司治理能力、激发企业动力活力,通过党管干部党管人才与市场化选聘相结合来建强领导班子和职工队伍,通过发挥基层党组织战斗堡垒作用和党员先锋模范作用来推动各项工作任务落实,通过全面从严管党治党来一体推进三不机制取得更大成效,为企业高质量发展提供坚强党建保障。

(七)履行社会责任情况

The company gives full play to the advantages of party building, ideology and politics, innovation and creation, organization and management of large state-owned enterprises, and actively carries out consumer assistance. In the first half of 2022, it invested 1.48 million yuan in helping Huining County and Chengxian County, mainly for rural revitalization and enriching people’s industries; The company organized to invest 3,819,200 yuan in consumer assistance funds to help solve the problem of difficult sales of agricultural products in poverty-stricken areas; The company strives for 150,000 yuan from send warm, Gansu Provincial Federation of Trade Unions, and helps 124 people in difficulty; Strive for the Baiyin City Federation of Trade Unions to help fund 687,650 yuan and help 99 employees with difficulties. During the period of epidemic prevention and control, the company organized more than 1,000 employees to donate blood for free in stages and batches, and 192 employees have actively participated in voluntary blood donation. At the same time, the company sent anti-epidemic materials and food to the frontline workers at the grassroots level to convey positive energy, establish a new fashion, and fulfill corporate political and social responsibilities with high pattern, high standards and high goals.

Major changes in the company’s operation during the reporting period, as well as matters that have a significant impact on the company’s operation during the reporting period and are expected to have a significant impact in the future.

Third, possible risks

1. Market environmental risks. Non-ferrous metal industry is a basic raw material industry in the fields of national economy, people’s daily life and national defense industry. It belongs to a typical cyclical industry and is closely related to the macroeconomic operation. Macroeconomic fluctuations have a great impact on the prices of non-ferrous metal products. By strengthening the research and analysis of macro-economy, government policies and industry development, the company makes timely countermeasures for possible risks.

2. Industrial policy risks. With the deepening of domestic supply-side reform and the rising competition threshold, head enterprises will accelerate the integration of factor resources, focus on solving the key challenges faced by the industry in terms of resources, energy and technology, and store energy for future industrial development, which will accelerate the reorganization and integration of superior resources, promote the improvement of industry concentration and promote the optimization and upgrading of industrial structure. The company will take advantage of the great opportunity of the state to promote the reform of state-owned capital, actively strive for the policy support of the state and Gansu Province, continuously optimize the industrial layout and improve the conditions for industrial development.

3. Political risks. South Africa and Peru, the main investment places of the company, have good political relations with the government of China, and both countries are countries with low political risks. With the deepening of economic cooperation between China and the two countries, the investment risks are controllable. At the same time, the company’s local management personnel actively pay attention to political trends and maintain a high degree of contact with the embassy, and report the relevant situation to the company in time to ensure that the risks are controllable.

4. Domestic and foreign legal risks. The legal risks faced by the company are mainly litigation and arbitration risks, and the laws of the countries where overseas investment is made are different, so it is necessary to face a large number of legal contracts and related legal issues cautiously. The company will do a good job in relevant legal work, continue to improve the legal risk prevention system at home and abroad, establish and improve the legal risk prevention system at home and abroad, safeguard the legitimate rights and interests of the company to the maximum extent, provide professional services and legal advice by hiring a professional team of lawyers, and participate in the transaction process, thus providing a strong guarantee for controlling legal risks.

5. Environmental risks. With the continuous improvement of environmental protection requirements for comprehensive management of ecological environment in the upper reaches of the Yellow River and the goal and vision of peak carbon dioxide emissions and carbon neutrality put forward by the state, it has become an important task for mining and metallurgy enterprises to carry out green manufacturing at present. Facing the increasingly severe environmental pressure, the company will strengthen the analysis of industry policies, formulate reasonable production and management strategies, strengthen environmental protection, promote the application of energy-saving and environmental protection technologies, and realize green development.

6. Product price risk. The prices of the company’s main products such as copper, zinc, lead, gold and silver are mainly determined with reference to domestic and international market prices. The domestic and international market prices of these metals are not only affected by changes in supply and demand, but also closely related to the development of macroeconomics and downstream related industries. Great changes in the global economic environment, market supply and demand, industry development policies, tariffs and exchange rates will have a great impact on product prices and aggravate the fluctuation range and frequency of non-ferrous product prices. By making full use of risk hedging means, the company standardizes hedging to minimize the adverse impact on the company’s operations.

7. Raw material procurement risk. The price of raw materials is closely related to the prices of basic metals such as copper, zinc and lead. The price of base metals is not only affected by changes in supply and demand, but also by the development of macro-economy and downstream related industries. In addition, the epidemic situation will also have an impact on the supply of non-ferrous materials and the price of non-ferrous metals. In the first half of 2022, the epidemic situation occurred repeatedly at home and abroad, which affected the procurement of raw materials at home and abroad to varying degrees. The transportation was blocked and the planned arrival was delayed, which had a certain impact on the production of enterprises. The conflict between Russia and Ukraine led to an increase in oil prices and freight rates, which led to an increase in procurement costs and production costs of enterprises. If the above factors lead to the continuous decline in the price of basic metals, it will reduce the selling price of the company’s products, which will adversely affect the company’s operating performance.

Measures to deal with the risk of raw material procurement: keep a close eye on the changing factors such as market price, exchange rate, demand, processing fee and supply, keep abreast of the production situation of smelters and mines at home and abroad, and formulate procurement strategies and modes according to market information, inventory situation and production situation; Increase the proportion of mine procurement at home and abroad, and sign long-term strategic cooperation agreements with mining enterprises to ensure long-term stable supply. Dig deep into the market potential, graft the trading platform of subsidiaries, give full play to the channels and advantages of subsidiaries, increase the market share, and enhance the market control ability and raw material guarantee ability. Fine management, standardize the procurement process, optimize the management mode of procurement funds, speed up capital turnover, and improve the level of risk prevention and control.

8. Trading risks of financial derivatives. The financial derivatives transactions conducted by the company are mainly hedging business. Hedging can help enterprises to transfer and avoid price risks, but at the same time, they have to face various risks brought by hedging transactions. The main risks are divided into compliance risk, market risk, cash flow risk, liquidity risk, basis risk, credit risk, operational risk and agreement legal risk. The company will strictly implement the business rules of the futures exchange and the relevant systems of the company’s hedging business to effectively prevent trading risks.

Iv. analysis of core competitiveness during the reporting period

(A) scientific and technological innovation

The company leads technological innovation and management innovation with concept innovation, and continues to carry out technological research and development and tackle key problems, and its technical support role is increasing day by day. In the first half of 2022, the company applied for 154 patents, including 60 invention patents; 64 patents were authorized, including 22 invention patents; Completed 3 patents in Gansu Province and published 33 scientific papers; 198 technical research and R&D projects were carried out, 4 national provincial science and technology projects were declared, and 2 Baiyin science and technology projects were declared.

(2) Information on domestic and overseas resources

Domestic resources: The company has mine resources, with 7,983,300 tons of copper, lead and zinc, including 248,200 tons of copper, 1,578,000 tons of lead and 6,157,100 tons of zinc. The amount of gold metal is 14.56 tons, the amount of silver metal is 1,817.35 tons and the amount of molybdenum metal is 14,500 tons.

Overseas resources: Shouxin Peru Company, a holding subsidiary established by the company in Peru, has achieved a production capacity of 6.8 million tons/year for copper, iron, gold, silver and other polymetallic ores.

As of June 30, 2022, the gold resources of First Gold, a wholly-owned company of the company, were 29.03 million ounces, about 902.9 tons, and the gold reserves were 556,000 ounces, about 17.3 tons; Don Giza Company, a wholly-owned company of the company, controls+infers the amount of gold and metal of 1.5317 tons (about 4.9245 million ounces), including 1.2166 tons (about 3.9116 million ounces) of gold and metal of control level and 31.51 tons (about 1.0131 million ounces) of gold and metal of inferred level.

(C) Circular economy

The company has the key technology of comprehensive utilization of complex and refractory copper smelting slag resources in baiyin furnace, and comprehensively recovered valuable elements such as copper, gold and silver from copper smelting slag.

It has a production line with an annual processing capacity of 1.4 million tons of copper smelting slag, with an annual comprehensive recovery capacity of 22,000 tons of copper, and the comprehensive recovery of copper metal is equivalent to a medium-sized mine.

With the smelting technology of low-sulfur and high-lead secondary copper materials, the efficient separation of copper, lead, zinc, precious metals and impurities has been realized.

Has the key technology of multi-source solid waste collaborative utilization in copper, lead and zinc smelting.

It has a new technology of efficient separation and comprehensive recovery of copper, cadmium and cobalt from zinc smelting purification slag.

It has the technology of efficient and controllable recovery of copper and rhenium from copper smelting acid system.

It has the technology of separating zinc and lead from hard zinc and extracting indium to enrich precious metals.

It has a complete set of technology and production line for treating 140,000 tons of zinc hydrometallurgy slag every year.

(D) A variety of complementary processes

The company is a comprehensive production base of various non-ferrous metals in China, with an annual production capacity of 200,000 tons of copper, 400,000 tons of lead and zinc, 15 tons of gold and 500 tons of silver. It has the unique advantages of comprehensive development of copper, lead, zinc, gold and silver, and the industrial chain is connected and matched, with obvious complementary and synergistic advantages.

In the field of copper smelting, the company’s "Silver Copper Smelting Method" smelting process is the only copper smelting technology with independent intellectual property rights in China. Through years of technical research and development, the overall process and supporting technology of "New Silver Copper Melting Tank Melting Furnace" have been innovated and won the second prize of national invention and the first prize of national scientific and technological progress, with strong applicability of raw materials and unique advantages of technology. At present, the flash furnace system of the upgrading and transformation project of copper smelting technology has reached the production standard, which indicates that the flash furnace will realize a strong alliance with the only new baiyin furnace with independent intellectual property rights in China, and the comprehensive competitiveness of silver nonferrous copper smelting will be greatly enhanced through the substantial improvement of raw material applicability and the complementarity of process comparative advantages.

In the field of lead and zinc, the company adopts the new jarosite wet zinc smelting process and the improved ISP fire zinc smelting process. The 152㎡ fluidized roaster is the first roaster with the largest hearth area in the world, forming a new generation of zinc metallurgical technology with independent intellectual property rights in China, and its energy consumption and environmental protection level have reached the highest requirements of the industry, creating a low-cost green and low-carbon development road for the industry. ISP pyrometallurgical zinc smelting process is the only smelting process in the industry that can realize the mixing of copper, lead and zinc, and has outstanding advantages in comprehensive utilization of resources. It can treat all kinds of low-grade lead and zinc mixed ores, lean ores, refractory ores and secondary oxidized materials containing lead and zinc, and maximize the enrichment and recovery of the associated valuable metals in raw materials. The pyrometallurgical zinc smelting and wet contact process have obvious complementary advantages.

Precious metal treatment system, the Caldo furnace process introduced by OutotecAB, has the production capacity of comprehensively processing 4000 tons of copper-lead anode slime, recovering 15 tons of gold and 500 tons of silver, and producing refined selenium, platinum, palladium, tellurium and other products.

By giving full play to the complementary and synergistic advantages of the process, the associated valuable metals and rare elements in the concentrate can pass through the corresponding smelting process, and the comprehensive utilization of resources can be realized to the greatest extent. It has the annual comprehensive recovery capacity of 6,500 tons of copper metal and about 750 tons of associated and rare metals such as selenium, cadmium, rhenium, tellurium, bismuth, antimony, indium, platinum, palladium, cobalt and nickel.

(E) Extension of high-end industrial chain

The company has a production capacity of 200,000 tons of copper smelting, which has laid a solid foundation for further extending the downstream processing and manufacturing industry chain of the copper industry, optimizing the industrial structure and enhancing the systematic competitiveness of the whole value chain of the company’s copper industry sector.

Changtong company, a subsidiary of the company, is a key high-tech enterprise in the national torch plan. The leading products are high and low temperature superconducting cables; Fine and ultra-fine electromagnetic wire; Power cable; Cables, overhead conductors and special cables for electrical equipment. The products are used in major projects at home and abroad, such as Jiuquan Satellite Launch Base, Tiangong-1, Shenzhou series, State Grid Project, large-scale hydropower, wind power, photovoltaic power generation project, high and low temperature superconducting cables for national science projects and international cooperation projects, and many other fields. 40 superconducting cables with a total length of 30 kilometers have been provided for the international thermonuclear fusion experimental reactor and the China fusion experimental reactor project. Up to now, Changtong Company has built a production base of 16,000 square meters of micro electromagnetic wires, forming a production capacity of 10,000 tons of micro electromagnetic wires of various models and specifications, realizing the extreme manufacturing of ultra-micro electromagnetic wires (0.012mm), and the technical level has reached the leading position in China. Simultaneously carry out the capacity expansion project of micro electromagnetic wire, further improve the production capacity of micro electromagnetic wire to 20 thousand tons/year, and lay a good foundation for deepening the development of micro electromagnetic wire market and exerting scale effect.

The Silk Road Big Data Co., Ltd., in which the company shares, further relies on the advantages of shareholders, based on the new platform, and creates new breakthrough points and growth points; Gansu Defu New Materials Co., Ltd. is a manufacturer of battery-grade high-grade copper foil. Electrolytic copper foil for high-grade lithium batteries is a key component of lithium-ion batteries, which is at the front end of the new energy industry chain, and is the basis for the development of end products in the fields of information communication, consumer electronics, household appliances, automotive electronics, energy-saving lighting, industrial control, aerospace, military industry and so on. The construction of electrolytic copper foil project for high-grade lithium batteries is a powerful measure for the company to promote the transformation and upgrading of traditional industries, extend the industrial chain, optimize the industrial layout and improve the market competitiveness. By the end of June, 2022, Gansu Defu New Materials Co., Ltd. has formed a production capacity of 30,000 tons, and is accelerating the implementation of the third phase of 40,000 tons and subsequent capacity expansion projects. After the overall project is completed, it will further exert the scale effect and enhance economic benefits.

(6) Procurement of raw materials

The main competitiveness of the company’s domestic mine procurement is reflected in its regional advantages. Through the nearby procurement in Gansu, Shaanxi, Qinghai, Tibet, Xinjiang, Inner Mongolia and other places, the price advantage is obvious.

The procurement of imported minerals is mainly based on signing long-term contracts with foreign mining enterprises to ensure stable supply and reduce logistics costs; At the same time, constantly standardize the contract terms, improve the performance service ability and reduce the procurement risk.

Make full use of the rich mineral resources in Central Asia and the advantages of the national "Belt and Road" strategic policy, strive for national policy support, strengthen project cooperation with foreign mines, logistics groups and border ports along the route, maximize import efficiency, improve customs clearance timeliness and convenience, and reduce import costs.

(VII) Product sales

The company’s main products, copper and zinc, are sold at the spot price of copper and zinc in the month of Shanghai Futures Exchange plus the daily premium. The pricing method is advanced, flexible, closer to the market and highly transparent, and the customer’s purchase intention is enhanced by agreeing on the spot price period.

The company’s sales network covers areas and provinces and cities with rapid economic development in China, which can effectively cope with market changes and ensure that products are produced and sold immediately.

The company hedges products and raw materials to effectively prevent and control price risks.

The company’s domestic market share of copper, lead and zinc is currently 2.5%, 0.4% and 4.2%, and the product quality has also been widely recognized by customers in the market, with high credibility and competitiveness.

(8) Investment and trade business

According to the company’s development strategy, we will continue to accelerate the layout of investment and trade business, gather international high-end talents, and promote transformation and leapfrog development. Focusing on resource development, the company implemented the strategy of "going out" overseas to ensure resources, and successively set up platforms for capital operation, investment management and trade business in Shanghai, Beijing, Shenzhen, Hong Kong and Peru, forming a marketing and trade network at home and abroad, and the pace of the company’s international operation has been accelerating.

The company continues to expand and innovate traditional trading business, accelerate the construction of market-oriented marketing system, serve the company’s main business, fully tap the industrial value and financial value of raw materials and products in the whole value chain of the main business by building a financial trading platform and rationally using hedging tools, increase the trade income of enterprises and enhance the ability to control resources through trade.

(9) Talent team

After years of professional production accumulation, we have cultivated a team of industrial workers who cover all sectors and products of non-ferrous metals, have rich production experience and operational skills, and love their jobs and are dedicated. Forging has trained a group of professionals including geology, surveying, mining, mineral processing, smelting, processing, chemical engineering, futures trading and international and domestic trade expertise; With well-known experts and academic leaders in relevant academic fields in China, a talent echelon construction management system has been established, which includes talent introduction, selection, training, use and dynamic operation of incentive mechanism. By the end of June 2022, the company had 7,456 talents of all kinds, accounting for 50.5% of the total number of employees. Among them, 3,261 professionals (including 1,956 engineers) accounted for 43.7% of the total talents, and 4,195 skilled talents accounted for 56.3% of the total talents. Among professional and technical personnel, there are 40 senior titles, 421 deputy senior titles, 1,241 intermediate titles and 1,463 junior titles; Among skilled personnel, there are 233 senior technicians, 878 technicians, 2211 senior workers, 610 intermediate workers and 263 junior workers. Among all kinds of talents in the company, there are 26 experts who enjoy the special allowance of the State Council, innovative talents in Gansu Province, leading talents in Gansu Province, young innovative talents in Longyuan, and chief experts in Baiyin City, and 55 winners of the nonferrous metals industry, Gansu Province’s "technical experts" and skills awards in nonferrous metals industry.

(X) Corporate culture

Focusing on the characteristics of the company’s strategy and transition, it has enriched the new connotation of the times with "hard struggle" as the core value concept, further studied and refined the company’s core cultural concept, and completed the interpretation of the sub-cultural concepts such as gratitude, contract, ecology, leadership, execution, innovation, competence, safety, quality and customers.

"Japan’s blatant discharge of nuclear polluted water into the sea is extremely irresponsible for the future of mankind."

  On August 24th, the Japanese government ignored the opposition from home and abroad and unilaterally forced the Fukushima nuclear polluted water to be discharged into the sea. People from many countries and the media pointed out that the legitimacy, legality and safety of Japan’s plan to discharge nuclear polluted water into the sea have been questioned by the international community. The Japanese government ignored the legitimate concerns of all parties, violated its international obligations, and forced nuclear polluted water to be discharged into the sea, endangering the marine environment and human health and infringing on the legitimate rights and interests of neighboring countries. It was extremely selfish and irresponsible.

  "It will destroy the marine environment, damage the social economy and bring negative effects to the whole world."

  On the afternoon of August 22nd, the "National Action to Prevent Japan’s Radioactive Contaminated Water from Discharging into the Sea" and the Common Democratic Party, the largest opposition party in South Korea, held emergency press conferences in front of the Japanese Embassy in South Korea to protest against the Japanese government’s launching of nuclear contaminated water discharge into the sea. The delegates attending the rally held slogans such as "Swear to the death to oppose (nuclear polluted water) discharging into the sea" and "The sea is not a nuclear dump in Japan" and shouted slogans such as "Immediately withdraw the decision to discharge nuclear polluted water into the sea".

  The Common Democratic Party issued a statement on the 22nd, saying: "Japan, as a member of the international community, ignored the international laws and standards that should be respected and made destructive decisions, which violated the United Nations Convention on the Law of the Sea and the London Convention on Dumping." The statement on "National Action to Prevent Japan’s Radioactive Contaminated Water from Discharging into the Sea" said that under the circumstance that the safety of Fukushima nuclear contaminated water discharge into the sea could not be confirmed by experts, the Japanese government still pushed this plan, "which will destroy the marine environment, damage the social economy and bring negative effects to the whole world".

  On the 23rd, environmental groups and civil society groups all over Korea continued to hold protests. The Common Democratic Party held a rally in front of the main building of the National Assembly that night. More than 1,000 people attended the rally, and all parties demanded that the Japanese government immediately withdraw its plan to discharge nuclear polluted water into the sea. Li Zaiming, a representative of the Common Democratic Party, said that Japan had launched an imperialist war of aggression and threatened neighboring countries, but now it has once again brought irreparable disasters to South Korea and countries along the Pacific Ocean by discharging nuclear polluted water into the sea.

  The South Korean government said on the 24th that it will continue to maintain the import ban on aquatic products in Fukushima and other places in Japan. Yonhap News Agency reported that the start of the work of discharging nuclear polluted water into the sea will cause Korean people to worry about the safety of aquatic products. South Korea’s "Korean National Daily" published an editorial saying that the Japanese government decided to forcibly discharge Fukushima nuclear polluted water into the ocean. "This behavior is a crime against history." Japan’s move completely ignores the opposition and worries of many countries and people in the world.

  South Korea’s "Jingxiang News" published an editorial saying that the safety of nuclear polluted water discharged into the sea has not been scientifically verified. Japan concealed the fact that the multi-nuclide treatment system (ALPS) often broke down from the initial stage of its startup, and rejected the request of the International Atomic Energy Agency to collect samples to confirm the performance of ALPS. In the next few decades, it is difficult to ensure that accidents or wrong operations will not occur. Although experts have put forward methods such as concrete preservation of nuclear contaminated water, Japan has chosen the most economical method of discharging it into the sea. The discharge of nuclear polluted water into the sea harms people’s right to live safely and is an act of passing on the danger to the future generation. "Nuclear pollution will flow around the world along ocean currents. In case of problems, the responsibility will be entirely borne by Japan."

  Kim Hyun-cheol, Dean of the School of International Studies at Seoul National University, told this reporter that after the defeat of the Pacific War, Japan has always stressed that it was a victim of the nuclear explosions in Hiroshima and Nagasaki, avoiding the introspection and apology needed as a war victim. Now, Japan has begun to discharge nuclear polluted water into the sea again, which has undoubtedly become an injurer threatening the safety of all mankind.

  "The Japanese government’s actions, regardless of the safety and worries of neighboring countries, endanger the food chain of all mankind and are tantamount to criminal acts."

  Matai Serimaya, Vanuatu’s Deputy Prime Minister and Foreign Minister, called on the 23rd for the Pacific region to take strong actions to resist Japan’s actions. "Unless it can be proved beyond dispute that the nuclear polluted water is safe, Japan cannot discharge it into the sea".

  The Fiji NGO Human Rights League issued a statement saying that Japan’s discharge of nuclear polluted water into the Pacific Ocean violated the human rights of all people in the Pacific region, which would pose a great threat to marine life and the livelihood of people in the Asia-Pacific region who depend on marine resources.

  "Japan’s actions are undoubtedly selfish, irresponsible and arrogant, which will cause permanent damage to marine ecology." Joseph Matthews, a senior professor at Bertai International University in Cambodia, said that in the next few decades, radioactive substances in nuclear polluted water will remain in Japanese waters and even the entire Pacific Ocean, which will greatly affect the global seafood trade. "The Japanese government’s actions, regardless of the safety and worries of neighboring countries, endanger the food chain of all mankind and are tantamount to criminal acts."

  "Japan’s blatant discharge of nuclear polluted water into the sea is extremely irresponsible for the future of mankind, and radioactive substances in the ocean will always affect the development of mankind." Laurel, founder of the Philippine BRICS Policy Research Association, said that there are a large number of fishermen living by the sea in the Philippines, and the nuclear polluted water will affect the livelihood of these fishermen and the global seafood production and trade. "Will the Japanese government compensate for these losses?"

  Alfred Welissa Gonzaga, editor-in-chief of Solomon Islands’ mainstream media, the Solomon Star, said that in the implementation of the whole plan of discharging nuclear polluted water into the sea, Japan did not focus on protecting the interests of the Pacific Ocean, but tried its best to achieve the purpose of discharging the sea.

  Daryl Guppy, a well-known Australian political commentator, said in an interview with this reporter that discharging nuclear polluted water into the sea is not an ideal option. "If the Japanese side really has confidence in the safety statement, it may be necessary to discharge the nuclear polluted water into its own land water source."

  "This is an atrocity that violates the human rights of people in Fukushima, other neighboring counties and the Asia-Pacific region."

  Greenpeace issued a statement on the 22nd, criticizing the Japanese government for ignoring scientific evidence and violating the human rights of people in Japan and the Pacific region.

  The statement stressed that scientists warned that the radioactive risk of these nuclear polluted waters has not been fully assessed. This emission plan failed to conduct a comprehensive environmental impact assessment in accordance with the requirements of international legal obligations.

  Sean Bernie, a senior nuclear expert in Greenpeace’s East Asia region, said: "The Fukushima Daiichi nuclear power plant is still in crisis, which has caused unprecedented serious harm, and there is no credible reactor scrapping plan at present. The Japanese government did not give an honest explanation on this issue, but deliberately polluted the marine environment by radioactivity for decades. This is an atrocity that violates the human rights of people in Fukushima, other neighboring counties and the Asia-Pacific region. "

  On the 22nd, the website of Russian Viewpoint quoted experts as saying that once Japan starts discharging nuclear polluted water into the sea, it will cause serious harm to marine life and human beings. Japan is conducting the largest experiment of deliberately polluting the ocean in human history. It is completely reasonable for neighboring countries in Japan to oppose the discharge of nuclear polluted water into the sea. Japan’s behavior of ignoring disputes and focusing on its own short-term interests will threaten the ecological environment in the Asia-Pacific region.

  CNN reported that there is no technology to remove tritium, a radioactive isotope of hydrogen. Some scientists worry that even if the nuclear polluted water is diluted, it may cause harm to marine life, and pollutants may accumulate in the already fragile ecosystem.

  The New York Times issued a document saying that the incident of Japanese nuclear polluted water being discharged into the sea set a "wrong example". Japan’s decision-making is "neither transparent nor inclusive", which is bound to trigger decades of debate in the future.

  According to the website of the British magazine Nature, Robert Richmond, a member of the nuclear expert group of the Pacific Island Forum and director of the Kevalo Marine Laboratory at the University of Hawaii, Manoa, USA, asked whether people who promoted the process of discharging nuclear polluted water into the sea proved that it was safe for the marine environment and human health. "The answer is no". Richmond said that several of their scientists have reviewed all the data provided by TEPCO and the Japanese government and visited the Fukushima nuclear power plant, but the questions about tritium and carbon 14 have not been answered.

  According to Deutsche Bahn, German environmental organizations criticized Japan’s forced launch of nuclear pollution water discharge into the sea. The German Federation for Environment and Nature Conservation said that "the ocean is not a garbage dump".

  (Reporter Shine Wong, Ma Fei, Zhao Yipu, Chen Xiaowei, Li Zhiwei, Xiao Xinxin, Guo Ziyun, Shang Kaiyuan, Liu Hui)

Kipchogg’s 10 Running Secrets

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On October 12, 2019, Kipchogg completed the whole horse challenge in 1 hour, 59 minutes and 40 seconds at the Platte Park in Vienna, becoming the first person to run the marathon for 2 hours.

"I don’t know where the limit is, but I will keep running towards it."

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After the race, he said, "I hope more people can understand the importance of running. If everyone runs together, the world will become better." When he was interviewed by The Telegraph, he talked about 10 running suggestions. Now let’s review them together, hoping to help everyone.

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Step 1 keep a training diary

"I have been writing a training diary to record my training plan and my feelings and emotions. Before the London Marathon in 2019, I can look back on last year’s feelings, which is very helpful to me. "

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In the past 10 years, he has been writing a training diary, and he can even show the training he did in 2003.??

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2. Never stop running for fun.

"I have been running for a long time, but I still remember running mountains and going to school when I was a child. When I was young, I would run for fun. At that time, I didn’t know it would be my career. I like and remember that feeling. “

Your mind and your heart are the driving force to push you forward, and your thoughts will drive your legs.

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3. Let yourself have a good training partner.

"I train with first-class athletes (in Kaptagat near the Great Rift Valley in Kenya), and when you train with many other people, it will inspire you. If you train with fast athletes, it will keep you improving. “

Getting ready is more important than anything else.

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4. Don’t always run at the same speed

"I run about 200 kilometers to 220 kilometers a week. 42 kilometers is the longest I have run in a day. I think short-distance running (sometimes training at the intensity of 13 x 3 minutes) and long-distance running are both good. If you run 5 kilometers, it will also help your marathon. “

Long-distance running can improve your endurance, but shorter interval running can improve your speed. For long-distance runners, they are mutually beneficial.

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Step 5 go up the hill

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6. Improve resilience

"Some days I train twice-once at 6 am and once at 4 pm. When you do training twice a day, it will tell you that your body, your heart and your lungs need to be repaired quickly to become healthier. "

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Step 7 keep your feet on the ground

"One of the most important things about running is modesty. I am very happy to live in a small house with other athletes, work with the team, wash clothes and cut vegetables. "

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I like to help young athletes and become role models.

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8. Ukari is the best supply

"On training day, I will drink tea and eat bread in the morning. At lunch or dinner, I like to eat ugali, a Kenyan staple food rich in starch and energy, and some protein from eggs or meat. On the night before the game, I will eat rice, pasta or black curries.

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During the competition, I will use isotonic energy gel and caffeine gel. On the day before the race, we also prepared 8 bottles of drinks, which my support team will give me every 5 kilometers. "

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9. Monitor with smart watches

"I use my watch to monitor my pace in the race and record the kilometers. This is a good way to know my speed and keep the correct speed throughout the race without running too fast or too slow. "

HUAWEI WATCH Ultimate estimates the end of the race.

10. Don’t stay up late

"When you train hard, it is important to take time to relax and recover. I like listening to music and reading books after training. Now I am reading Seven Habits of Highly Effective People by Dr. Steven Covey, and I enjoy it very much. During the day, I will sleep between training classes and go to bed before 9 o’clock every night. "

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There are many factors affecting the marathon track, and anything can happen. What we can do is to get ready and adjust in time, and look forward to Joe’s next game.

Published in Hongkong, China

On Taiwan’s election and criticism of "Taiwan independence" remarks, the Taiwan Affairs Office responded to cross-strait hot spots

  BEIJING, April 24 (Xinhua) On the morning of the 24th, the Taiwan Affairs Office of the State Council held a regular press conference. Spokesperson Ma Guang Xiao answered reporters’ questions on the recent 2020 election in Taiwan Province, Tsai Ing-Wen’s "Taiwan independence" remarks, cross-strait exchanges, and the draft amendment to the Regulations on People’s Relations across the Taiwan Strait. Ma Xiaoguang said that the mainland has never intervened in the elections in Taiwan Province, and the DPP authorities have constantly obstructed and restricted the exchanges and contacts between compatriots on both sides of the strait, suppressed the calls for reunification on both sides of the strait, and raised cross-strait opposition, exposing its true features of seeking one-party interests and "Taiwan independence".

  Profile photo: Guo Taiming, chairman of Taiwan Province Hon Hai Group, decided to participate in the primary election of 2020. Zhongxin.com reporter Li Junshe

  [Talking about the 2020 election: the statement of "mainland intervention" is sheer nonsense]

  Tsai Ing-Wen said a few days ago that in the "general election" in 2020, Kuomintang candidates appeared in South Korea’s Yu and Guo Taiming successively. She did not believe that the mainland did not intervene. Ma Xiaoguang said that we have emphasized many times that we have never been involved in elections in Taiwan Province. The DPP authorities are used to spreading slanderous words and spreading rumors to discredit the mainland. The question of Taiwan Province is an internal affair of China, and no external interference is allowed. The so-called "mainland intervention" is sheer nonsense with ulterior motives.

  [criticizing tsai ing-Wen’s "Taiwan independence" remarks: undermining the peaceful development of the two sides of the strait]

  In an interview a few days ago, Tsai Ing-Wen declared that he did not accept the "1992 Consensus" and insisted on the so-called "sovereign independence", saying that "maintaining the status quo" means maintaining the so-called "independence" status quo. Ma Xiaoguang pointed out that the remarks made by the leader of the Democratic Progressive Party (DPP) authorities are unprejudiced, exposing a political plot to overthrow the common political foundation of the "1992 Consensus" and undermine the peaceful development of cross-strait relations, which fully shows that the DPP authorities are the makers of cross-strait conflicts, the saboteurs of peace and stability in the Taiwan Strait and the injurers of the interests of the people of Taiwan Province.

  In addition, Li Yi, a mainland American scholar who was invited to visit Taiwan, was expelled from the country by the Taiwan authorities a few days ago. Tsai Ing-Wen said, "If people from mainland China come to Taiwan to promote ‘ One country, two systems ’ 、‘ Unification by force ’ Wait, control measures should be taken to refuse entry when necessary. " Ma Xiaoguang said that for some time, the DPP authorities have constantly obstructed and restricted the exchanges and contacts between compatriots on both sides of the strait, suppressed calls for reunification on both sides of the strait, raised cross-strait opposition, and exposed its true features of seeking one-party interests and "Taiwan independence".

  On April 14th, local time, South Korea Yu, Mayor of Kaohsiung, Taiwan Province, delivered a speech in Los Angeles, talking about his political career. China News Service reporter Zhang Yushe

  [Comment on South Korea’s remarks on Yu’s visit to the United States: Cross-strait affairs should be discussed by family members]

  South Korea Yu said during his visit to the United States a few days ago, "Taiwan Province ‘ National defense ’ Relying on the United States, technology depends on Japan, and the market depends on the mainland. " In this regard, Ma Guang Xiao emphasized that compatriots on both sides of the strait are a family, and cross-strait affairs are the family affairs of compatriots on both sides of the strait, which should be handled by family members through consultation. I hope all Chinese people, including Taiwan Province compatriots, will conform to the historical trend, share the national justice, firmly hold the national destiny in their own hands, and create a bright future for the great rejuvenation of the Chinese nation.

  [On the Draft Amendment to the Regulations on Cross-Strait People’s Relations: Ruining the Future of Taiwan Province]

  The "Draft Amendment to the Regulations on People’s Relations between the Two Sides of the Taiwan Strait" recently passed by Taiwan’s administrative authorities, in which it is proposed to add that "the signing of political agreements through cross-strait negotiations should be subject to double deliberation and referendum by the legislature" and stipulate that "it shall not be an item of agreement". Ma Xiaoguang pointed out that the DPP authorities violated the common aspiration of compatriots on both sides of the strait for peace and development for the sake of one party and one self-interest. The peaceful development of cross-strait relations is the common aspiration and common interest of compatriots on both sides of the strait. Everything that is beneficial to the interests of compatriots on both sides of the strait and the fundamental interests of the Chinese nation should be vigorously promoted.

  On April 17th, Chief Executive Chui Sai On (right) of the Macao Special Administrative Region met with James Soong, Chairman of the People First Party, at the government headquarters. The two sides exchanged views on deepening exchanges and cooperation between the two places and promoting Taiwan Province compatriots to participate in the construction of Guangdong-Hong Kong-Macao Greater Bay Area in the future. China News Agency issued Zhong Xin photo

  [The Taiwan authorities distorted James Soong’s delegation’s visit to Hong Kong and Macao: obstructing exchanges and cooperation]

  A few days ago, James Soong, Chairman of the People First Party, led a delegation to visit Hong Kong and Macao to enter the Liaison Office of the two places and met with the directors of the Liaison Office of the two places respectively. The Mainland Affairs Council claimed that the mainland arranged this trip with the intention of "united front" and eliminating the so-called "sovereignty of Taiwan Province". Ma Xiaoguang pointed out that James Soong led a delegation to visit Hong Kong and Macao, and the heads of the Liaison Offices in Hong Kong and Macao met with him respectively, which was a normal exchange. The DPP authorities distorted and slandered, fully exposing their attempts to obstruct cross-strait and Hong Kong and Macao exchanges and cooperation and harm the interests and well-being of compatriots.

  On September 13, 2018, Luo Tianhao, a Taiwan compatriot who worked in chengdu normal university for five years, took over the residence permit of Taiwan Province residents from the staff. China News Service reporter An Yuan photo

  [Taiwan people’s residence permit in the mainland has not been declared or the practice of being punished by the Taiwan authorities is unpopular]

  A few days ago, the Taiwan Province Affairs Council worked out to issue an administrative order in the second half of the year, stipulating that people who receive mainland residence permits must declare voluntarily, or they will be punished. Ma Xiaoguang said that the mainland issued residence permits to Taiwan Province compatriots in order to meet the needs of Taiwan Province compatriots, which was a good thing to benefit Taiwan and the people, and was also welcomed by the vast number of Taiwan Province compatriots. The DPP authorities, out of one-party selfishness, are everywhere against the interests of our compatriots in Taiwan Province and sabotage the good deeds of our compatriots in Taiwan Province. This is unpopular and will not succeed.

  [The mayor of Taixian County came to the mainland to communicate and meet the needs of the people]

  Recently, many county mayors in Taiwan Province visited the mainland for exchanges. Ma Xiaoguang pointed out that the mayor of Taiwan county came to the mainland to meet the needs of the people. We are willing to continue exchanges and cooperation with Taiwanese counties and cities in various fields on the basis of adhering to the "1992 Consensus" to enhance the well-being of Taiwan Province compatriots.

  [Encourage Taiwanese enterprises to invest in the mainland without discrimination]

  Want Want Group, a Taiwan-funded enterprise, has issued a statement to refute the report that it has received high government subsidies in the mainland and tried to "smear and discredit" the enterprise. Ma Xiaoguang said, over the years, we have encouraged and supported Taiwan-funded enterprises to invest and start businesses in the mainland, and taken active measures to provide them with various conveniences and equal treatment, so as to share the opportunities for development in the mainland and help them achieve greater and better development in the mainland. Our policy is inclusive, in accordance with laws and regulations, and all Taiwan Province enterprises are treated equally.

  The 2019 China Beijing World Horticultural Exposition will be held in Yanqing, Beijing from April 29th to October 7th. China News Service reporter Hou Yushe

  [Introduction to two activities: the Straits Forum is well prepared, and the Taiwan Province Garden of the World Expo has its own characteristics]

  When introducing the situation of the Straits Forum in 2019, Ma Xiaoguang said that the 11th Straits Forum will be held in Fujian Province on June 15th, and will continue to focus on and serve grassroots people and youth groups. At present, all preparations are progressing smoothly. Taiwan Province compatriots are welcome to actively participate in this forum, and media friends on both sides of the strait are also welcome to report.

  Regarding the 2019 China Beijing World Horticultural Exposition to be held in Yanqing District, Beijing on April 29th, Ma Xiaoguang said that at the invitation of the Beijing World Horticultural Exposition Bureau, Taiwan Province Garden covers an area of 2,000 square meters, which is divided into six landscape nodes: Xiangshan, Orchid, Time Road, Sun Moon Lake, farmland and mountain top. The garden is very attractive with Taiwan Province characteristics.