Yulong Gold Held a Work Summary Meeting for the First Half of 2023
On July 25th, Yulong Gold held a summary meeting for the first half of 2023 to summarize the work achievements of the first half year, identify existing problems, arrange and deploy the work of the second half year with the purpose of ensuring the completion of the annual task indicators. Niu Lei，Jinan Hi-tech Holding Group’s Party committee member, deputy general manager, Yulong Gold’s chairman, attended the meeting and made a statement.
The meeting first conveyed the spirit of the Group’s work summary meeting and analyzed the company’s main business financial indicators in the first half year. The team which are in charge of project investigation and the project leaders of the company reported the progress of key work respectively. Li Zhenchuan, the general manager of the company, reported the overall production and operation state of Yulong Gold.
The meeting pointed out that in the first half of the year, Yulong Gold thoroughly implemented the spirit of the Group’s high-quality development work conference, closely focused on the company’s "1234" work ideas, took responsibility, constantly promoted the breakthrough of the “two-wheel drive” strategy, and successfully completed the main economic indicators and key tasks in the first half of the year.
The meeting requested that the company should continue to implement the appraisal management system of the group, enhance the refined management ability, and continuously realize steady and efficient operation; At the same time, all cadres and employees should define their job orientation clearly, carry out their mission, strengthen the ability of striving for excellence, put high appraise quality in place, upgrade dynamic mechanism, improve closed-loop management, and fully empower the company to develop with high quality.
The meeting stressed that for the work in the second half of the year, all cadres and employees of the company should further unify their thinking, consolidate strength, forge ahead courageously, and make every effort to achieve the “five-guarantees and five-breakthroughs” to ensure the completion of the annual task. First, ensuring that the main mines exceed the annual target, and focusing on breaking through exploration output and increasing reserves. On the basis of further optimizing the dilution rate, recovery rate and operation rate, the Pajingo Gold Mine should adjust the mill feed grade and gold output, make comprehensive utilization of old mining area and prospect in the new target area, and continue to recruit and train overseas mine management teams. Second, ensuring that mines under construction complete the node construction task, and key projects are put into operation ahead of schedule. In the aspect of vanadium mine, it should integrate the application of flow battery manufacturers and the technical renewal factors of Design Institutes, demonstrate the process design, and make overall plans for project establishment, feasibility study and environmental assessment to ensure the orderly progress of infrastructure construction and financing; silica mine project should clarify the nature of construction land, make clear the subject relationship of project procedures, find suitable solutions, supplement professionals, and ensure the timely production; the process design and equipment selection and integration should be done well in the Triton graphite project, and relevant personnel should be stationed at the site for a long period to fully judge; in the meanwhile, it should speed up the acquisition of key mineral rights. Third, ensuring the safety of cash flow in commodity trading business, focusing on optimizing financial indicators. Shanghai commodity trading business should improve product structure, enhance profitability, strengthen management of cash flow and reinforce various turnover indicators to prevent business liquidity risks. Fourth, guaranteeing to increase the acquisition of high-quality mine project and focusing on the breakthrough in the acquisition of production mines. The domestic project investigation team should prepare the re-exploration of resources in advance for the proposed M&A project, concentrate on the alternative projects, meet the M&A target for the whole year, and make overall arrangements for M&A funds. Fifth, ensuring the scientific and steady corporate governance value and management, and focusing on improving the shareholder structure. Yulong Gold should perfect the value management scheme, effectively deliver value, fully display the company’s core advantages and boost market confidence; At the same time, by optimizing the ownership structure and governance structure, the company’s ability to resist risks and industry competitiveness will be further enhanced, and the company’s high-quality development will be continuously realized. In the second half of the year, all employees of Yulong Gold will adhere to the initial intentions and work hard to make sure that all indicators for the whole year are completed as scheduled.
All the staff of Jinan headquarters attended the meeting on the spot, and the management staff of Australian company, Shanghai company and domestic project companies attended the meeting by video.