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Hunan Silver (002716.SZ): The subsidiary donated 1 million yuan through the Chenzhou Charity Federation to help the disaster-stricken people in Chenzhou rebuild their homes.
On August 8th, Glon Hui reported that Hunan Silver (002716.SZ) recently announced that due to the impact of Typhoon Gale Me, the city of Chenzhou, Hunan Province has experienced extreme heavy precipitation, with 111 towns and different degrees of disasters. The rainfall in Zixing City has even surpassed the historical extreme value of the province. Multiple areas have encountered dangerous situations and disasters caused by heavy precipitation seriously threatened people's lives and property safety. The relocation of disaster-affected people and post-disaster reconstruction work is arduous. The company thoroughly implements the instructions of the provincial party committee and provincial government on flood control and disaster relief, shares hardships with the people of the city, and actively fulfills its social responsibilities. The company's wholly-owned subsidiary, Hunan Baoshan Nonferrous Metals Mine, is also affected.
Hunan Silver (002716.SZ): The current bottleneck in development is mainly due to insufficient raw material supply, which cannot achieve full capacity production.
Hunan Silver (002716.SZ) stated on the investor interaction platform on July 25th that the company has determined a development strategy of industry + capital, expanding mining resources, increasing production scale, and extending the industry chain globally. Currently, the major bottleneck for the company's development is the insufficient supply of raw materials, which hinders the achievement of full production capacity. The Hunan Mineral Resources Group, led by Hunan Nonferrous Industries Investment Group Co., Ltd. was established to undertake the functional tasks of controlling and reserving strategic and advantageous mineral resources in the province. The strategic positioning of the major shareholder by the Hunan Provincial Government is beneficial for the company to gain control of high-quality mineral resources in the future and further promote the company's growth.
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