Shenghe Resources Holding Co.Ltd(600392) announcement: due to the complex approval process of rare earth related projects and the impact of epidemic and other factors, some projects are still in the process of going through the approval procedures, and the non-public offering of shares does not meet the reporting conditions. At the same time, affected by factors such as the growth of downstream demand, the rare earth market rose rapidly, the company’s profitability increased significantly, and the accumulation of surplus increased. The company’s application for registration and issuance of medium-term notes with a total amount of no more than 1.5 billion yuan can further expand the financing channels of the funds required for the company’s development. Based on the above reasons, it is decided to terminate the company’s non-public offering of A-Shares in 2021.
The company released its annual report on the same day and realized a net profit of 1.076 billion yuan in 2021, with a year-on-year increase of 232.82%; Deduct non net profit of RMB 1.022 billion, with a year-on-year increase of 132607%. The basic earnings per share is 0.6139 yuan. The company plans to pay 1 yuan for 10.
