. ′ 309 B 7-8 210036 7-8/F, Block B, 309 Hanzhongmen Dajie, Nanjing, China, 210036 /Tel: +86 25 8966 0900 /Fax: +86 25 89660966 /Website: http://www.grandall.com.cn 2018 10 ( ) ○ ( ( ○ . [2018]2510 . ( ) . ( ( 100% ○ ′ ( ( . (○ . ( ( . ) ( ○ ( ) ′ 2016 ( ( ( ( ( 1 ( ) . ( ) ○ ′ )2018 9 20 [2018]2510 . ) ○ ( ( ( ′ ( ( ( ○ ) ○ ○ ○ ○ ○ ( ( ( ;( ′ ) ○ ○ ( ○ ) ○ ○ ○ ′ ○ ○( ○ “ ○ ′ )○ ′ ○ 2 ○ ○ ( ○ ( ( ○ ( ( ○ “ ○ ) ○ ○ ′ ○ 》 ( ( ○ ~ ○ ( ○ ′ ○ ) ○ ○ ○ ( ○ ○ ○ ( () ○ ( ○ ) ○ ○ ○ ′ ) ○ ○ ′ ) 3 ( . 100% 11 ) 0 ) (1) ( ( (2) , , (3) ( ○ ○ ″ (4) — ) ) ) “ (1) ( ( ) 1( 20Km ) 113 10 46 113 11 45 25 45 50 25 47 24 ) ” 12Km 11Km (107 °) 4 2( )○ 。 ′ 。 ) 1:5 1/5 ) ) 1980 1984 。 ( )1992 1993 )1994 1999 。 10233.36m( 1252.80m( 15057.89m3 1999 。 ) 5 1999 13 ) D+E 19503646t Pb602816t Zn408008t Ag118654t) 。 14375388t) D379439t 2.94% D257810t 1.61% D676.9t 52.49g/t) ) 。 。 43 (38 (27 (28 (36 )2005 8 )2008 5 。 (2005 8 2008 4 ) ( [2008]149 ))2010 11 1 12 20 ( [2011]015 ))2012 02 2011 12 ( 122b+333 1937.7 t Sn65834t(Pb199129t(Zn110735t( WO314840t(Cu20940t(Ag349.2t) 333 (Sn) 15.9 t Sn 301t) ′ ( ( ( ) 334 745.2 t Sn13032t(WO31813t( Pb125350t(Zn71475t(Cu4421t(Ag144.6t) 3(○ 2011 ○ (1) 2011 12 (122b+333)1937.70 t Sn65834t(Pb199129t(Zn110735t(WO314840t(Cu20940t(Ag349.2t) (333 )129.9 t Sn 2080t) 1319.5 t Sn63889t( WO314840t Pb2924t(Cu14047t(Ag45.2t) 618.2 t Pb196205t(Zn110735 Sn1945t(Cu6893t( Ag304.0t) 6 (2) 2011 12 31 1150.23 t Sn55457.60t Pb2859.00t WO313415.40t(Cu11823.60t( Ag38.50t) 516.24 t Pb163428.20t( Zn91362.00t Sn1556.00t(Cu5688.20t(Ag254.82t) (3) 977.69 t Sn47138.96t Pb2430.15t WO311403.09t(Cu10050.06t(Ag32.73t) 438.80 t Pb138913.97t(Zn77657.70t Sn1322.60t(Cu4834.97t(Ag216.60t) (4) 69.3 t/a( 19.8 t/a 49.5 t/a)) (5) 21.95 ( 24.62 ) (6) 25617.74 ) (7) ( ○ 238.16 /t( 269.11 /t) (8) ( ○ 218.01 /t( 248.95 /t) (9) (Sn56.3425% ( WO311%) ( (Pb70.25% ( Ag605.70g/t)( (Zn47.29%(Ag135.70g/t)) 2012 ′ ) 3.5 1.2 ) ○ ( ′ ) ( ○ 10 12 11 ) : ( , ; . ) (2) ) ) 7 (3) ( ○ ○ ″ ) ( 29 8900 ( ( ( ( ( ) . ( ( ( ( ( ( ( ( ( ( ( ) ( ( ○ ○ ″ ′ ) (4) — ) ○ ( ) ○ — ( ( ) ′ 2015 2016 ( ) 2016 ′ LME 1,444.5 3,595.5 2,500 LME 13,085 22,000 19,000 LME 1,551.5 2,685 2,100 * Wind 8 “ “ — ( ( — ) — — ( ( ) “ . ) ” % % % % ROE% 26.05 219.84 14.21 5.77 12.01 143.90 520.56 63.54 26.22 11.03 59.68 21.52 56.60 36.75 10.65 11.32 76.35 57.72 33.09 21.04 42.14 68.82 9.28 3.39 9.98 2.93 268.39 10.10 2.60 7.83 67.02 71.98 72.55 45.14 71.24 35.38 64.88 60.73 33.10 18.26 48.55 164.04 43.09 23.26 20.26 * 2017 ( ( 2017 — 48.55%( — 164.04% ( 43.09% 23.26% 20.26% ) ) ” ( ′ , ′ ~( ′) -30,667,760.80 ( -164,305,314.94 266,083,794.43 ′ 2018 -37,651,266.73 ) . ) ○ ) ○ 9 ) ) . ○ ( ) ○ ( . — ) ( 2014 9 1 ) (1) ○ (2) ○ (3) ○ ) ) ) “ (1) ○ ) ○ ) (2) ○ ) 2018 4 18 (2018) 6 2 2 ) 10 “ “ ) ○ ) ( ( ○ ) ○ ) ○ ○ ) (3) ○ ) ) ) ○ . ( ( ( ( ( ( ( ( ( ( ( ) 11 ) , ) ○ )[ ○ ○ ′ ) 11 ○ ( 100% ) ( ( ) 45% ○ “ ) 2011 9 1 C4300002010123230090905 2011 9 1 2014 9 1 ) 2018 4 18 (2018) 6 ) ○ ) ○ 45% ( ○ ) ( ′ ) (1) ○ , (2)○ ( (3) ○ ) ) ) “ (1) ○ ) 5.29 ○ 11 ○ ○ ○ 12 % % 1 195,401,007 19.22 195,401,007 15.96 2 - - 93,572,778 7.64 3 - - 93,572,778 7.64 4 - - 20,793,950 1.70 5 821,123,233 80.78 140,495,478 67.06 1,016,524,240.00 100.00 1,224,463,746 100.00 ○ ○ ) (2)○ ( ) ○ ) (3) ○ ) ○ ) ′ ) ( ( ( ( ” ○ ) ) ) “ ○ ( ( ( ( 13 、 ( 、 ) ( ○ ( ( ○ ) ( ( ○ ( ( / ○ ( ( ( 、 ○ 30% ) 1 ” 70% ) ( 、 2 ) 3 ) 4 ) 14 ” ( ( ( ” ) ○ ( , ; ) ( 45% ) ) ) ) “ 45% “ 2018 03 197 ( 2018 03 198 ( 2018 03 199 ( 2018 03 200 ” ) (2018) 06 70(71(72(73 2018 03 197 (198 (199 (200 45% 2018 5 ) 45% ) ( 29 ) (1) (2) (3) ○ ) 15 “ (1) ) 29 ( ) 1 《 2012-06 1,741.30 2 《 2010-08 1,270.00 3 836 2012-12 119.00 4 2012-05 90.00 5 2009-11 14.19 6 2009-11 18.40 7 2009-11 16.00 8 2009-11 20.00 9 2010-08 19.25 10 2012-12 130.00 11 2009-11 79.05 12 ] 2012-09 1,944.00 13 ] 2012-09 1,535.20 14 ( 2011-08 253.20 15 ] 2012-05 192.00 16 2013-03 313.20 17 《 2012-08 239.94 18 2012-05 18.00 19 2012-05 27.00 20 2012-05 10.50 21 2012-11 236.88 22 2012-11 12.92 23 2009-12 10.44 24 2009-12 24.00 25 2009-12 10.80 26 2011-12 16.66 27 2012-05 45.00 28 2009-12 234.95 29 2009-12 284.30 8,926.18 ′ ) 16 ○ ( ) (2) ( )○ . ( ( ( ( ( ( ( ( ( ( ( ) ○ ( ) (3) ○ ) ○ . ( ( ( ( ( ( ( ) ( ( ( ) ( ( ( 29 ) 29 ( ( ) ○ 45% 17 ( ○ ) ( ○ ) . ) ) ) “ 2018 9 4 http://www.sse.com.cn/ . ○ . 1 (000001.SH) 30 10 2018 5 31 10% 2 (882405.WI) 30 10 2018 5 31 10%) 2018 9 7 . ) 2018 9 28 ′ [ 2018 9 7 . ○ ′ 4 ) 2018 9 29 http://www.sse.com.cn/ ′ ○ . a 000001.SH 882405.WI 18 30 10 ○ 2018 5 31 10% 30 10 ○ 2018 5 31 10% b. 000001.SH 882405.WI 30 10 ○ 2018 5 31 10% 30 10 ○ 2018 5 31 10%) ○ ○ ′ . ) 19