NFC(SZ:000758)2014-08-18 16:00Financial 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].