There are 10 non-ferrous metal enterprises with the highest rating this year, including China Aluminum, Xiamen Tungsten and Zijin Mining. There is only one private enterprise that has been awarded Grade A rating for three consecutive years, namely Luoyang Molybdenum Industry, which shows that Luoyang Molybdenum Industry has advanced information disclosure and standardized operation level in the non-ferrous metal industry.
Luoyang Molybdenum Industry, as a leading private enterprise in nonferrous metals industry, has consolidated its main business in recent years, taken various measures, maintained a good growth in profitability, and at the same time actively standardized requirements, strengthened the quality of information disclosure, and continuously improved the level of corporate governance. The company has been awarded Class A rating for information disclosure year after year, thanks to the strong support of the company's controlling shareholder and management, as well as the support and cooperation of member companies. Shang Hong Group, the controlling shareholder of the company, fully respects and cooperates with the independent and compliant operation of listed companies on the premise of maintaining "zero pledge" of equity for many years; The company attaches great importance to sustainable development and has taken the lead in establishing a sound sustainable development management framework in the industry. The ESG report and social responsibility report are detailed and detailed, and have been rated by MSCI ESG BBB for many years, ranking the leading level in the global mining industry; The company attaches great importance to investors' returns and maintains a high cash dividend ratio of more than 50% year after year.