NXBM(SH:600449)2016-08-18 16:00Financial Performance - The company's operating revenue for the first half of 2016 was approximately RMB 1.43 billion, representing a 7.56% increase compared to RMB 1.32 billion in the same period last year[18]. - The net profit attributable to shareholders was a loss of approximately RMB 41.34 million, slightly improved from a loss of RMB 42.24 million in the previous year[18]. - The total operating revenue for the first half of 2016 was RMB 1,425,056,093.32, a year-on-year increase of 7.56%, while total operating costs were RMB 1,473,784,800, an increase of 4.31% year-on-year[24][29]. - The company reported an operating loss of RMB 45,002,900, a reduction in loss of 46.59% compared to the same period last year, and a net loss attributable to shareholders of RMB 41,338,800, a reduction in loss of 2.13% year-on-year[24]. - The company reported a basic earnings per share of -0.09 yuan, unchanged from the same period last year[19]. - The company reported a total comprehensive loss of ¥29,207,387.76, compared to a loss of ¥29,874,399.77 in the previous period, showing a decrease in comprehensive losses[82]. Cash Flow and Investments - The net cash flow from operating activities increased by 22.44% to approximately RMB 139.54 million, up from RMB 113.97 million in the same period last year[18]. - The net cash flow from operating activities was -123,335,290.22 RMB, compared to -44,208,629.27 RMB in the previous period, indicating a significant decline in operational performance[89]. - Cash inflow from investment activities totaled 392,703,868.65 RMB, up from 230,267,616.44 RMB in the previous period, reflecting an increase of approximately 70.6%[89]. - The company received 214,793,893.00 RMB in investment income, compared to 167,000,000.00 RMB in the previous period, marking an increase of about 28.6%[89]. - The company paid 161,800,000.00 RMB in cash related to investment activities, compared to 33,613,804.00 RMB in the previous period, indicating a substantial increase in investment expenditures[89]. Market and Sales Performance - The company sold 6.4566 million tons of cement in the first half of 2016, an increase of 12.19% year-on-year, and sold 646,800 cubic meters of ready-mixed concrete, an increase of 17.69% year-on-year[24]. - Revenue from the construction materials sector was RMB 1,418,109,056.56, with a year-on-year increase of 7.89%[33]. - Revenue from within Ningxia Autonomous Region increased by 16.69% year-on-year, while revenue from outside the region decreased by 2.18%[36]. - The company enhanced market sales efforts to ensure stable and slightly increasing sales volumes of main products, including cement and ready-mixed concrete[23]. Assets and Liabilities - The total assets at the end of the reporting period were approximately RMB 7.84 billion, a 0.99% increase from RMB 7.77 billion at the end of the previous year[18]. - The company's net assets attributable to shareholders decreased by 1.15% to approximately RMB 4.12 billion from RMB 4.17 billion at the end of the previous year[18]. - The total liabilities of Ningxia Building Materials Group Co., Ltd. amounted to CNY 3,456,428,555.53, an increase from CNY 3,325,479,150.94 in the previous period, reflecting a growth of approximately 3.93%[77]. - The total owner's equity decreased to CNY 4,386,582,129.42 from CNY 4,440,917,367.51, representing a decline of approximately 1.22%[77]. Subsidiary Performance - The company's subsidiary Ningxia Saimai achieved operating revenue of 271.15 million yuan, a decrease of 2.18% year-on-year, with a net loss of 12.76 million yuan, a reduction in loss of 22.81% compared to the previous year[42]. - Ningxia Zhongning Saimai reported operating revenue of 149.01 million yuan, down 2.82% year-on-year, with a net profit of 11.67 million yuan, an increase of 117.79% year-on-year[43]. - The subsidiary Wuhai Xishui Cement achieved operating revenue of 57.77 million yuan, an increase of 75.31% year-on-year, with a net loss of 27.96 million yuan, a reduction in loss of 21.29% compared to the previous year[44]. Corporate Governance and Compliance - The company has no significant changes in net profit forecast compared to the same period last year[50]. - The company has ongoing related party transactions, including a contract with Suzhou Zhongcai Construction Co., Ltd. valued at RMB 57,600 million, with RMB 55,414.26 million paid to date[51]. - The company has no major litigation or arbitration matters to report[51]. - The company has not faced any penalties or required rectifications from regulatory bodies during the reporting period[65]. Future Plans and Strategies - The company plans to produce and sell 13.6 million tons of cement and 2.15 million cubic meters of ready-mixed concrete in 2016, with a target revenue of RMB 3.107 billion[31]. - The company plans to gradually streamline its cement business to eliminate competition and promote healthy development[64]. - The company aims to avoid new competition arising from the current merger and will not conduct business that materially competes with its subsidiaries[63]. Accounting and Financial Reporting - The financial statements are prepared based on the assumption of going concern, with no significant doubts regarding the company's ability to continue operations in the foreseeable future[103]. - The group adheres to the accounting standards set by the Ministry of Finance, ensuring that the financial statements reflect the true and complete financial position and operating results[104]. - The group recognizes goodwill when the acquisition cost exceeds the fair value of identifiable net assets acquired in a business combination[109]. Inventory and Receivables - The total accounts receivable amounted to ¥1,003,330,150.07, with a bad debt provision of ¥139,815,277.34, resulting in a net value of ¥863,514,872.73[173]. - The aging analysis of accounts receivable shows that 1-year and below accounts total ¥801,043,204.03, with a bad debt provision of ¥24,031,296.12, representing a 3% provision rate[173]. - The provision for inventory depreciation remained stable at CNY 13,070,359.81, with a slight decrease of CNY 3,249.10 during the period[181].