Financial Performance - The company reported a revenue of CNY 7,709,653,461.06, a decrease of 12.35% compared to the same period last year[20]. - Net profit attributable to shareholders reached CNY 46,069,338.66, an increase of 102.20% year-on-year[20]. - The net profit after deducting non-recurring gains and losses was CNY 26,571,533.09, up 94.94% from the previous year[20]. - Basic earnings per share increased to CNY 0.047, representing a growth of 67.86% year-on-year[20]. - The company reported a projected cumulative net profit of approximately 53.89 million CNY for the current period, representing a significant increase of 50% compared to the previous year's 71.85 million CNY[56]. - Basic earnings per share are expected to rise by 50% to a range of 0.065 to 0.043 CNY per share, compared to 0.086 CNY in the previous year[56]. - The increase in net profit is attributed to the improvement in contracting business and the rebound in non-ferrous metal prices[56]. Cash Flow and Investments - The net cash flow from operating activities was negative at CNY -236,777,566.76, a decline of 180.26% compared to the same period last year[20]. - The company invested a total of ¥30,607 in external investments during the reporting period, a significant decrease of 99.99% compared to ¥560,500,000 in the same period last year[40]. - The net cash flow from operating activities for the current period is -493,188,371.74 CNY, a decrease from 378,745,858.09 CNY in the previous period[122]. - The net cash flow from financing activities was positive at ¥976,174,545.21, compared to a negative cash flow of ¥58,550,498.77 in the previous period[121]. - The net cash flow from investing activities is -351,073,141.18 CNY, worsening from -211,981,050.98 CNY year-over-year[122]. Revenue Breakdown - The company's revenue from non-ferrous metal mining and smelting was CNY 1,994.89 million, a decrease of 18.15% year-on-year, with a gross profit of CNY 295.04 million, down 8.65%[29]. - International engineering contracting business revenue increased by 50.92% year-on-year to CNY 871.54 million, with a gross profit of CNY 157.87 million, up 199.20%[30]. - The equipment manufacturing segment reported revenue of CNY 498.20 million, a decline of 28.38% year-on-year, with a gross profit of CNY 86.35 million, down 32.83%[31]. - Trade business revenue was CNY 4,309.95 million, a decrease of 14.56% year-on-year, with a gross profit of CNY 54.32 million, down 57.51%[32]. - Total revenue for the main business was CNY 7,651.55 million, a decline of 12.46% year-on-year, with a gross profit of CNY 585.74 million, down 6.70%[33]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 18,592,921,169.88, a rise of 9.93% from the end of the previous year[20]. - Total liabilities increased to CNY 12,289,517,566.18 from CNY 10,629,983,509.83, reflecting a growth of approximately 15.61%[115]. - The total equity attributable to shareholders increased to CNY 4,316,987,565.25 from CNY 4,253,288,881.26, reflecting a growth of approximately 1.50%[115]. - The total equity attributable to the parent company at the end of the previous year was CNY 2,153,873,200.48, with a total equity of CNY 4,667,847,410.45[124]. Operational Focus and Strategy - The company emphasized cost reduction and efficiency improvement as key operational focuses amid a challenging market environment[28]. - The company plans to innovate in raw material procurement and product sales to stabilize trade business performance amid challenging economic conditions[38]. - The company is actively exploring resource reserves in Chifeng and Laos to increase its resource base[36]. - The company signed contracts for the Kazakhstan copper project and the Indonesia DAIRI lead-zinc mine project, indicating ongoing improvement in engineering contracting business[35]. Subsidiary Performance - The company reported a net profit of ¥188,134.86 from its subsidiary Beijing Color Anxia Property Management Co., with total revenue of ¥11,343,170.86[51]. - The subsidiary Guangdong Zhujiang Rare Earth Co. reported a net loss of ¥21,652,205.72, with total revenue of ¥90,741,933.22[51]. - The company’s subsidiary China Nonferrous Metals (Shenyang) Machinery Co. reported a net loss of ¥60,442,549.53, with total revenue of ¥334,603,609.88[51]. - The company’s subsidiary Xin Du Mining Co. reported a revenue of ¥169,897,000.66, with a net profit of ¥84,203,834.01[51]. - The company’s subsidiary Chifeng Hongye Investment Co. reported a net profit of ¥4,718,123.39, with no reported revenue[51]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 130,146[101]. - The company has a total share capital of 984,689,212 shares, with 91.56% being unrestricted shares[101]. - The largest shareholder, China Nonferrous Metal Mining Group Co., Ltd., holds 249,229,963 shares, accounting for 33.75% of total shares[102]. - Wanxiang Resources Co., Ltd. is the second largest shareholder with 77,474,183 shares, representing 7.87% of total shares[102]. - The top ten shareholders do not have any related party relationships among them, ensuring independent ownership[103]. Compliance and Governance - The company has maintained compliance with corporate governance standards as per the Company Law and relevant regulations[63]. - The company did not engage in any asset sales during the reporting period[67]. - There were no significant litigation or arbitration matters reported during the period[63]. - The company has not undergone any mergers during the reporting period[68]. - The company has committed to fair market pricing in transactions with related parties[93]. Accounting Policies - The company has maintained a consistent accounting policy, adhering to the Chinese Accounting Standards[132]. - The company operates under a fiscal year that runs from January 1 to December 31[133]. - The consolidated financial statements are prepared based on the financial statements of the parent and subsidiaries, adjusting for long-term equity investments and eliminating internal transactions[142].

Financial Performance - The company achieved operating revenue of CNY 17,865,865,818.56 in 2013, representing a 23.16% increase compared to 2012[21]. - The net profit attributable to shareholders was CNY 81,858,363.06, a decrease of 59.59% from the previous year[21]. - The net cash flow from operating activities was CNY 160,764,695.61, a significant improvement from a negative cash flow of CNY -1,138,047,815.43 in 2012[21]. - The total assets at the end of 2013 were CNY 16,912,681,650.65, an increase of 8.43% from the previous year[21]. - The company’s main business income reached CNY 1,773,142.97 million, up 23.56% year-on-year, while the main business cost increased by 26.06%[35]. - The international engineering contracting business revenue surged to CNY 123,945.33 million, a remarkable increase of 211.87% compared to 2012[32]. - The trade business revenue rose to CNY 1,101,588.82 million, reflecting a 24.96% increase year-on-year, despite a decline in gross margin due to low metal prices[34]. - The weighted average return on equity decreased to 2.14% from 8.31% in the previous year, indicating a decline in profitability[21]. - The company reported a total revenue of CNY 26,203.59 million, representing a 33.15% increase year-over-year[126]. Dividend Policy - The company plans to distribute a cash dividend of 0.10 RMB per 10 shares to all shareholders based on the total share capital as of December 31, 2013[5]. - The cash dividend for 2012 was 1.00 RMB per 10 shares, amounting to a total distribution of 98,468,921.20 RMB, which represented 48.6% of the net profit attributable to shareholders[111]. - The company did not propose a cash dividend for 2013 despite having positive retained earnings, which requires a special explanation to shareholders[107]. - The company’s cash dividend policy requires that cumulative cash distributions over any three consecutive years must not be less than 30% of the average annual distributable profit for those years[105]. - The company’s cash dividends in 2011 amounted to 76,665,600.00 RMB, which was 19.49% of the net profit attributable to shareholders[111]. - The company’s cash dividend for 2013 represents 100% of the total profit distribution amount[112]. - The company must complete the distribution of dividends within two months after the shareholders' meeting decision[107]. - The company ensures that minority shareholders have the opportunity to express their opinions during the profit distribution proposal process[109]. Business Operations and Strategy - The company has expanded its main business to include the development of non-ferrous metal resources, particularly aluminum and zinc, as of December 15, 2003[18]. - The company is actively pursuing resource development and international engineering contracting, with ongoing projects in mineral exploration and potential acquisitions[31]. - The company plans to innovate trade models and actively develop domestic and international customer resources to stabilize trade profits[34]. - The company plans to enhance its resource development capabilities and international engineering contracting as core business strategies, aiming to improve the resource industry chain[89]. - Specific measures include accelerating the development of domestic and overseas nonferrous metal resources and optimizing the engineering contracting business to become a profit center[90]. - The company aims to improve product efficiency and effectiveness through continuous product upgrades and new product development in its new manufacturing facility[90]. - The company plans to enhance product upgrades and accelerate new product development to address market homogenization issues[81]. - The company is focusing on the development of new technologies to enhance operational efficiency and reduce costs[126]. Corporate Governance - The company emphasizes the importance of accurate and complete financial reporting, with key personnel affirming the integrity of the annual report[4]. - The company has established a comprehensive governance structure in compliance with the Company Law and relevant regulations, ensuring effective operation of the shareholders' meeting, board of directors, and supervisory board[190]. - The company plans to enhance its governance structure and internal control systems to ensure sustainable and stable development[191]. - The company held its annual shareholders' meeting on May 10, 2013, where 12 resolutions were approved, including the 2012 financial report and profit distribution plan[192]. - Independent directors attended 21 board meetings, with 19 via telecommunication and no absences reported[196]. - The audit committee confirmed that the 2013 financial statements accurately reflect the company's overall situation[200]. - The audit committee evaluated the annual audit work of the accounting firm, concluding that the audit plan was detailed and well-communicated[200]. Investments and Acquisitions - The company invested a total of ¥601,153,759.19 in external equity during the reporting period, representing a 184.91% increase compared to ¥211,000,000.00 in the same period last year[60]. - The company has initiated a feasibility study for the aluminum ore project in Laos, which is currently in the pre-feasibility stage[84]. - The company plans to raise funds through a non-public offering of A-shares to improve its capital structure and reduce the high debt ratio[96]. - The company aims to enhance resource reserves by increasing exploration efforts around existing mines and pursuing acquisitions in regions like Mongolia and Chifeng[97]. Related Party Transactions - The expected amount of related party transactions for the subsidiary Mongolia Xindu Mining Co., Ltd. in 2013 was CNY 110.5 million, with an actual completion amount of CNY 87.59 million, achieving a completion rate of approximately 79.26%[128]. - The total expected amount of related party transactions for the company with China Nonferrous Group and 11 other companies in 2013 was approximately CNY 58.22 million, with an actual completion amount of CNY 58.14 million, achieving a completion rate of approximately 99.86%[128]. - The company reported a total of CNY 80,264.04 million in related party transactions, which are necessary for the company's main business or auxiliary production[128]. - The company emphasizes that all related party transactions are conducted at market fair prices, ensuring no harm to the interests of the company and its shareholders[128]. Shareholder Information - The total number of shareholders at the end of the reporting period was 135,227, an increase from 132,635 five trading days before the report disclosure[164]. - The largest shareholder, China Nonferrous Metal Mining Group Co., Ltd., holds 33.75% of shares, totaling 332,306,616 shares, with an increase of 76,686,142 shares during the reporting period[164]. - The second-largest shareholder, Wanxiang Resources Co., Ltd., holds 7.87% of shares, totaling 77,474,183 shares, with an increase of 17,878,658 shares during the reporting period[164]. - The company’s first major shareholder, China Nonferrous Metal Mining Group Co., Ltd., increased its holdings by 19,183,298 shares[159]. Employee and Management Information - The company reported a total of 9,000 employees, with production personnel constituting 69.12% of the workforce[185]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to 1,090.54 million CNY, with 673.4 million CNY paid from the company and 417.14 million CNY from the shareholder unit[183]. - The company has a core technical team with no significant changes during the reporting period[184]. - The management personnel represent 7.68% of the total workforce, while technical personnel account for 7.14%[185]. Audit and Compliance - The company has not reported any non-standard audit reports for the period[151]. - The company maintained a cautious approach to changes in accounting policies and estimates, ensuring no manipulation of profits[200]. - The audit committee enhanced the board's decision-making capabilities and ensured effective supervision of the management[199].

中国有色金属建设股份有限公司 2014 年第一季度报告全文 中国有色金属建设股份有限公司 2014 年第一季度报告 2014 年 04 月 1 中国有色金属建设股份有限公司 2014 年第一季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人罗涛、总经理王宏前、主管会计工作负责人宫新勇及会计机构 负责人(会计主管人员)刘依斌声明：保证季度报告中财务报表的真实、准确、完 整。 2 中国有色金属建设股份有限公司 2014 年第一季度报告全文 第二节 主要财务数据及股东变化 一、主要会计数据和财务指标 公司是否因会计政策变更及会计差错更正等追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | | | | （%） | | 营业收入（元） | 3,615,595,959.80 | 3,956,104,439.44 | - ...

Financial Performance - The company's operating revenue for Q1 2014 was ¥3,615,595,959.80, a decrease of 8.61% compared to ¥3,956,104,439.44 in the same period last year[7] - Net profit attributable to shareholders was ¥25,801,755.28, representing a 19.50% increase from ¥21,590,774.19 year-on-year[7] - The net profit after deducting non-recurring gains and losses was ¥11,377,081.08, down 46.60% from ¥21,306,416.73 in the previous year[7] - Operating profit turned negative at -9,808,098.26 compared to a profit of 55,031,337.12, reflecting a decrease in sales volume and increased inventory impairment[15] - The company anticipates a significant change in net profit for the first half of 2014, potentially resulting in a loss compared to the previous year[21] Cash Flow - The net cash flow from operating activities was -¥163,147,273.27, an improvement of 64.15% from -¥455,043,912.53 in the same period last year[7] - Net cash flow from investing activities worsened by 63.33% from -47,123,425.24 to -76,964,967.95 due to increased capital expenditures on fixed assets[15] - Net cash flow from financing activities decreased by 80.23% from 1,029,568,504.98 to 203,534,011.05, as there were no share placements in the current period[15] Assets and Liabilities - Total assets at the end of the reporting period were ¥17,254,129,825.30, an increase of 2.02% from ¥16,912,681,650.65 at the end of the previous year[7] - The net assets attributable to shareholders were ¥4,276,301,171.50, reflecting a slight increase of 0.54% from ¥4,253,288,881.26 at the end of the last year[7] - Goodwill increased by 34.65% from 9,302,569.90 to 12,526,270.30 due to the acquisition of Acxap-Tay and KazLift Stroy-Service[15] - Other payables rose by 36.19% from 1,356,296,402.75 to 1,847,183,834.24 primarily due to a new borrowing of 500 million from China Nonferrous Metal Group[15] - Financial expenses decreased by 44.51% from 102,925,844.99 to 57,115,334.42 as a result of reduced borrowing scale[15] - Asset impairment losses surged by 446.69% from 6,162,195.96 to 33,687,855.63 due to significant inventory write-downs in the nonferrous metals and rare earth products market[15] Shareholder Information - The total number of shareholders at the end of the reporting period was 984,689,212[10] - The largest shareholder, China Nonferrous Metal Mining Group Co., Ltd., held 33.75% of the shares, totaling 332,306,616 shares[10] - There were no significant changes in the shareholder structure or any related party transactions reported during the period[12] Investor Relations - The company engaged in multiple communication activities with individual investors and institutions during the reporting period, discussing operational performance without providing additional materials[22] - The discussions included insights into the company's production and operational status, indicating ongoing investor interest[22] - No specific financial metrics or performance data were disclosed during these communications, limiting the visibility into the company's financial health[22] - The company has not released any new product or technology developments in the reported communications[22] - There were no mentions of market expansion or acquisition strategies in the discussions held with investors[22] - The company did not provide any future outlook or performance guidance during the investor communications[22] - The frequency of investor interactions suggests a proactive approach to maintaining investor relations[22] - The lack of detailed financial data in these communications may indicate a focus on internal operations rather than external market performance[22] - The company has not disclosed any new strategies or initiatives in the reported communications[22] - Overall, the communications reflect a consistent engagement with stakeholders but lack substantive financial insights[22]

Financial Performance - The company's operating revenue for 2013 was CNY 17,865,865,818.56, an increase of 23.16% compared to CNY 14,505,999,729.62 in 2012[21]. - The net profit attributable to shareholders was CNY 81,858,363.06, a decrease of 59.59% from CNY 202,592,256.83 in the previous year[21]. - The net cash flow from operating activities was CNY -999,219,698.09, an improvement of 12.2% compared to CNY -1,138,047,815.43 in 2012[21]. - The company's total assets increased by 8.43% to CNY 16,912,681,650.65 at the end of 2013, up from CNY 15,597,133,137.21 in 2012[21]. - The revenue from non-ferrous metal mining and smelting was CNY 4,169,385,200, an increase of 9.24% year-on-year, while gross profit decreased by 19.28% to CNY 633,505,100[31]. - The international engineering contracting business revenue surged by 211.87% to CNY 1,239,453,300, with gross profit increasing by 458.32% to CNY 133,617,600[32]. - The equipment manufacturing segment reported revenue of CNY 1,359,206,100, a decline of 2.41%, but gross profit rose by 6.34% to CNY 270,240,500[33]. - Trade business revenue reached CNY 1,101,588,820, an increase of 24.96%, with gross profit rising by 6.88% to CNY 154,960,600[34]. - The company's main business income was CNY 17,731,429,700, up 23.56% year-on-year, while main business costs increased by 26.06% to CNY 16,558,459,100[35]. Dividend Policy - The company plans to distribute a cash dividend of 0.10 RMB per 10 shares to all shareholders based on the total share capital as of December 31, 2013[5]. - The cash dividend for 2012 was 1.00 RMB per 10 shares, amounting to a total distribution of 98,468,921.20 RMB, which represented 48.6% of the net profit attributable to shareholders[112]. - The cash dividend for 2011 was also 1.00 RMB per 10 shares, totaling 76,665,600.00 RMB, which accounted for 19.49% of the net profit attributable to shareholders[111]. - The company’s cash dividend policy requires that the cumulative cash distribution over any three consecutive years should not be less than 30% of the average annual distributable profit for those years[106]. - The company’s profit distribution plan must be approved by more than half of the board members and independent directors[107]. - The company has not proposed a cash dividend distribution plan for the reporting period despite having positive retained earnings[112]. - The company’s cash dividend for 2013 accounted for 12.03% of the net profit attributable to shareholders[112]. Business Expansion and Strategy - The company has expanded its main business to include the development of non-ferrous metal resources, particularly aluminum and zinc, as of December 15, 2003[18]. - The company plans to explore suitable investment and acquisition opportunities during the industry downturn to enhance resource development and operational efficiency[31]. - The company aims to enhance resource reserves by increasing exploration efforts around existing mines and pursuing acquisitions in regions like Mongolia and Chifeng[98]. - The company plans to continue expanding its operations in the rare earth sector, leveraging its existing resources and market position[78]. - The company is focused on technological and management innovation to become a world-class mining group with international competitiveness[168]. - The company aims to implement a "going out" strategy to enhance overseas resource development and accelerate engineering contracting and related trade services[168]. Risk Management and Governance - The company emphasizes the importance of accurate and complete financial reporting, with key personnel affirming the integrity of the annual report[4]. - The company has outlined potential risks and its work plan for 2014 in the board report section[12]. - The company operates under the supervision of the State-owned Assets Supervision and Administration Commission of the State Council[9]. - The company has established a comprehensive governance structure, including rules for board meetings and independent director management[199]. - The audit committee confirmed that the 2013 financial statements accurately reflect the company's overall situation, emphasizing the importance of audit supervision[200]. - The company has implemented measures to prevent operational risks and enhance decision-making processes through the audit committee[200]. Shareholder Information - The company’s stock is listed on the Shenzhen Stock Exchange under the code 000758[15]. - The total number of shareholders at the end of the reporting period was 135,227, an increase from 132,635 before the report disclosure[165]. - The largest shareholder, China Nonferrous Metal Mining Group Co., Ltd., holds 33.75% of shares, totaling 332,306,616 shares[165]. - The second-largest shareholder, Wanxiang Resources Co., Ltd., holds 7.87% of shares, totaling 77,474,183 shares[165]. - The company has not engaged in any repurchase transactions during the reporting period[166]. Operational Performance - The company’s inventory of zinc ingots decreased by 31.9% year-on-year to 18,769 tons, indicating improved sales performance[37]. - The company completed its 2013 share placement and is in the process of implementing a non-public stock issuance plan, which has been approved by the board and shareholders[36]. - The company achieved a net cash inflow from financing activities of CNY 1.33 billion, a slight increase of 1.47% from CNY 1.31 billion in the previous year[46]. - The company has not reported any significant impact on its core competitiveness due to equipment upgrades or loss of franchise rights during the reporting period[58]. Research and Development - In 2013, the company's R&D expenditure was CNY 5.27 million, a decrease of 61.41% compared to CNY 13.65 million in the previous year, representing 0.12% of net assets and 0.03% of operating revenue[44]. - The company authorized 150 patents during the year, including 26 invention patents, and received government funding support of CNY 17.2 million for one of its projects[44]. Related Party Transactions - The company reported a total of CNY 80,264.04 million in related party transactions, which are necessary for the company's main business or auxiliary production[129]. - The company maintains that all related party transactions are conducted at fair market prices, ensuring no harm to the interests of the company and its shareholders[129]. - The expected related party transaction amount for the subsidiary Mongolia Xindu Mining Co., Ltd. with New Yang Trading Co., Ltd. in 2013 was CNY 110.5 million, with an actual completion amount of CNY 87.59 million, achieving a completion rate of approximately 79.26%[129]. Management and Personnel - The company has a total of 9,000 employees, with 69.12% being production personnel[186]. - The governance structure complies with the requirements of the Company Law and the relevant regulations of the China Securities Regulatory Commission[192]. - The total remuneration for the board of directors, supervisors, and senior management during the reporting period amounted to 1,090.54 million CNY, with 673.4 million CNY paid from the company and 417.14 million CNY from the shareholder unit[182][184]. - The company has not granted any stock incentives to the board, supervisors, or senior management during the reporting period[184].