Guoda Company's profits and taxes exceed 100 million yuan, achieving significant development

2007 was a landmark year for Shandong Guoda Gold Co., Ltd. Guided by the Scientific Outlook on Development, the company used project construction as a driving force, relying on technological progress and innovative management to comprehensively consolidate its management foundation. It vigorously promoted technological advancement and corporate culture development, achieving historic breakthroughs in various economic indicators and propelling the company onto a path of rapid and high-quality development.

Economic Indicators Reach New Highs

In 2007, Guoda Company closely followed market trends, actively responding to the fierce competition in the raw material market and seizing the excellent opportunity of high product prices. It fully promoted market marketing and modern trade, not only setting new historical records in marketing but also providing reliable guarantees for the healthy and rapid operation of the company's production and business.

While strengthening raw material procurement, Guoda Company focused on daily production scheduling and professional management of equipment, safety, and environmental protection. It continuously strengthened production organization and management, comprehensively improving the company's operational quality. Annual production reached 10.69 tons of gold, 38.03 tons of silver, 310,600 tons of sulfuric acid, and 4,485 tons of copper, with a total of 29,189,000 kWh of waste heat power generation. Annual sales revenue reached 1.57 billion yuan, and profits and taxes exceeded 100 million yuan, reaching 100.6 million yuan. All economic indicators reached the highest levels since the company's founding, completing the "second entrepreneurship, three-year doubling" goal set by the municipal Party committee and government two months ahead of schedule.

Remarkable Achievements in Project Construction

In 2007, based on scientific planning, Guoda Company adhered to new projects as its "engine," investing 100 million yuan and implementing three major projects: a 50,000-ton/year copper refinery, comprehensive recovery of multi-elements from tailings, and a 300-ton/day cyanide system. These three projects have all been successfully put into operation, expanding the company's production capacity and smelting scale, improving its ability to process different concentrates, enhancing its market adaptability, and providing new "chips" for the company to gain a competitive edge in the gold smelting industry.

At the same time, Guoda Company also optimized its production processes and upgraded its existing production systems. It carried out more than 10 small and medium-sized projects, including the expansion and modification of multi-element recovery in gold smelting, cyanide system renovation, shaking table construction, solvent extraction and electrowinning system expansion and modification, tail gas absorption renovation, and wastewater treatment system renovation. This further optimized the production structure and significantly improved the company's production efficiency.

Abundant Achievements in Technological Innovation

Relying on technological progress to enhance the company's core competitiveness is one of Guoda Company's "secrets" to maintaining its leading position in the industry. In 2007, Guoda Company invested a large amount of funds and technical resources in continuous project research and development, completing 10 key research and development projects throughout the year, achieving historic breakthroughs in its scientific research results. Among them, the "Comprehensive Utilization of Gold Tailings" project was listed as the fifth batch of national debt projects for resource conservation and environmental protection in 2007 by the National Development and Reform Commission; the "Research and Application of Resource Utilization Technology for Gold Tailings" project was included in the second batch of Shandong Province's technological innovation project plan in 2007 and has been submitted to the National Science and Technology Ministry's science and technology plan for 2008; and the two scientific research achievements, "Integrated Research and Application of Key Technologies for Waste-Free Utilization of Complex Gold Ore Resources" and "Research and Application of Wood Powder Xanthate Ester Method for Treating Heavy Metal Ion Wastewater in Gold Smelting Plants," successfully passed expert appraisal, reaching internationally leading and internationally advanced levels, respectively. During the year, the company was recognized by the Ministry of Science and Technology as a "National Torch Plan Key High-tech Enterprise." In addition, all 10 patents submitted throughout the year were officially accepted by the State Intellectual Property Office, with 5 having passed the preliminary examination and one technological achievement receiving a national utility model patent certificate.

Continuous technological innovation provides Guoda Company with a continuous source of technological power for its rapid and high-quality development. Currently, the company possesses advanced technologies in the industry, including roasting cyanidation, two-stage roasting, hydrometallurgy, waste heat power generation, tailings sulfur recovery, and zinc oxide silver extraction. It has formed a complete circular economy industrial chain from the extraction of gold, silver, copper, and sulfur to acid production from tailings and waste heat power generation. The company's successful experience in developing a circular economy has been unanimously recognized by government departments at all levels. It has not only been awarded the title of Shandong Provincial Circular Economy Pilot Enterprise and Yantai Municipal Advanced Enterprise for Resource Conservation and Comprehensive Utilization, but has also been listed as one of the seven major economic development models in Zhaoyuan City and promoted throughout the city.

Corporate Culture Promotes Harmonious Development

To improve management levels and stimulate employees' initiative and creativity, in 2007, Guoda Company organized two important activities focusing on all-staff innovation and financial management. To promote the in-depth development of these activities, the company established an incentive mechanism for innovative achievements and financial management, combining employee innovation and financial management with special contribution awards and gold medal incentives to fully mobilize employees' enthusiasm for innovation, financial management, and participation in company management. Under the incentive of the reward system, innovative achievements and financial management suggestions, mainly focusing on "small inventions, small creations, small innovations, small designs, and small suggestions," continued to emerge, not only adding new highlights to production and operation but also further improving the company's economic efficiency. In 2007, Guoda Company completed a total of 552 innovative achievements and 1,544 financial management achievements and suggestions, creating more than 30 million yuan in benefits for the company.

While improving and perfecting the modern enterprise management system, Guoda Company also innovatively carried out corporate culture construction, further enhancing the company's centripetal force and cohesion. In addition to holding various cultural and sports activities such as speech contests, sports competitions, and youth singer awards, the company also creatively implemented new management methods such as psychological counseling, combining work with pleasure, and the "one yuan" management method. These humane management methods broadened the horizons of cadres and employees, relieved work pressure, and mobilized the work enthusiasm of all employees. At the same time, using activities such as ten good deeds, spring breeze action, charitable donations, and autumn assistance to students as platforms, it fully promoted the corporate culture spirit of humanistic care, further closing the distance between employees and the company, and creating a healthy and harmonious corporate culture atmosphere.

The strong corporate culture has led to the ever-changing face of the enterprise. In 2007, Guoda Company became a national level two safety standardization enterprise, a Shandong Provincial on-site management model enterprise, an excellent Shandong Provincial management innovation enterprise, and a national advanced unit in corporate culture construction.