Inner Mongolia Dazhong Mining Co.Ltd(001203) : the performance in 2021 reached the best level in history, focusing on other non-ferrous metal mining fields and actively layout

2021 is the first year of Inner Mongolia Dazhong Mining Co.Ltd(001203) ( Inner Mongolia Dazhong Mining Co.Ltd(001203) ) listing. In the 2021 annual report, the company proposed the goal of "growing into an excellent listed company with great growth potential". The specific actions include improving the investor relations exchange mechanism with information disclosure as the core and improving the recognition and influence of the capital market. Recently, Inner Mongolia Dazhong Mining Co.Ltd(001203) held the 2021 annual performance briefing. Mr. Niu Guofeng, chairman of the company, Mr. Wang Fuchang, chief financial officer, Ms. Deng Yixin, Secretary of the board of directors, Mr. Wang Jianwen, independent director and Ms. Hu Jingjing, sponsor representative, attended the briefing and had in-depth exchanges with investors on business performance and development strategy to actively respond to market concerns.

The company's operating revenue in 2021 was 4.895 billion yuan, a year-on-year increase of 96.05%; The net profit attributable to shareholders of listed companies was 1.625 billion yuan, a year-on-year increase of 174.47%. Niu Guofeng, chairman of the company, said that the company's performance in 2021 reached the best level in history and has broad development prospects. The management of the company has full confidence in the future development of the company. The company will continue to improve its profitability, do a solid job in its main business, and provide long-term and stable return on investment for the majority of investors.

The sustainable growth ability of listed companies is also concerned by investors, and the iron ore reserves directly determine the sustainable development ability of iron ore mining and dressing enterprises. The company and its branches and subsidiaries have 7 mining licenses and 2 exploration licenses in total. The recorded iron ore reserves in Inner Mongolia and Anhui are 522452800 tons, accounting for about 6.09 ‰ of the verified reserves in China. It has a large reserve advantage in independent iron ore mining and dressing enterprises. The average grade of TFE is more than 28.87%, accounting for 80.04%, and the average grade of shuogou iron mine is 37.49%. After the expansion of existing mines and the completion of new mines, the company's annual raw ore mining capacity will reach 15 million tons, with sustainable mining for 30 years.

Many investors are concerned about the recent continuous rise of iron ore futures prices. Deng Yixin, Secretary of the board of directors of the company, said in the exchange that iron ore futures prices are the wind vane of spot prices, and the continuous rise of futures prices has a strong boost to spot prices. With the continuous increase of the company's production capacity and the continuous release of performance, it will resist the impact of commodity periodicity on performance. At the same time, the company also pays high attention to other non-ferrous metal mining fields and actively layout, so as to smooth the impact of commodity cyclical factors on the company's performance.

Deng Yixin also said that Inner Mongolia Dazhong Mining Co.Ltd(001203) has rich experience in the mining field for more than 20 years, and the company's performance reached the best level in history in 2021. Facing the new situation, the company has formulated the development strategy of combining endogenous growth with epitaxial M & A, and the management team is fully confident to repay the majority of investors with good performance.

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