NFC(SZ:000758)2015-04-28 16:00Financial Performance - The company's operating revenue for Q1 2015 was ¥3,563,403,438.43, a decrease of 1.44% compared to ¥3,615,595,959.80 in the same period last year[8] - Net profit attributable to shareholders increased by 126.03% to ¥58,319,134.26 from ¥25,801,755.28 year-on-year[8] - The net profit after deducting non-recurring gains and losses surged by 355.65% to ¥51,840,128.33 compared to ¥11,377,081.08 in the previous year[8] - Basic earnings per share rose by 126.92% to ¥0.059 from ¥0.026 year-on-year[8] - The company expects a substantial increase in net profit for the first half of 2015, projecting a range of CNY 11,517.33 million to CNY 13,820.8 million, representing a growth of approximately 150.00% compared to the previous year[18] - Basic earnings per share are anticipated to rise to CNY 0.118, reflecting a 150.00% increase from CNY 0.047 in the same period last year[18] Cash Flow and Assets - The net cash flow from operating activities was ¥322,689,927.88, a significant improvement from a negative cash flow of ¥163,147,273.27 in the same period last year[8] - The company’s net increase in cash and cash equivalents was CNY 6,874,492.85, a significant improvement from a decrease of CNY -36,592,884.29 in the previous year[15] - Total assets at the end of the reporting period were ¥19,655,943,052.23, an increase of 1.93% from ¥19,284,250,197.92 at the end of the previous year[8] - Net assets attributable to shareholders increased by 1.28% to ¥4,617,509,793.25 from ¥4,559,368,885.61 at the end of the previous year[8] Liabilities and Financial Position - The company reported a significant increase in short-term loans, rising by 33.60% to CNY 3,188,400,557.00 due to increased working capital needs for contracting projects and repayment of maturing debts[15] - Accounts payable decreased by 30.94% to CNY 1,229,757,891.65 as a result of payments made for contracting project settlements[15] - The company’s long-term loans rose by 35.21% to CNY 1,222,123,776.26, reflecting an increase in long-term working capital borrowing[15] - The company experienced a 53.07% increase in financial expenses, totaling CNY 87,426,826.21, primarily due to profit distribution and foreign exchange losses[15] Investments - The company holds a stake in Shengda Mining (000603) with an initial investment of ¥219,627,442.32 and a current holding of 22,554,408 shares, representing 4.47% of the total shares[20] - The investment in TERRAM (TZN) amounts to ¥136,503,142.10 with a holding of 67,800,000 shares, which is 4.47% of the total shares[20] - The total value of other securities investments at the end of the reporting period is ¥356,130,584.42, with a total holding of 90,354,408 shares[20] - The company reported a gain of ¥1,416,121.66 from its investments during the reporting period[20] - There were no derivative investments during the reporting period[21] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 98,646[11] - The largest shareholder, China Nonferrous Metal Mining Group Co., Ltd., held 33.75% of the shares, totaling 332,306,616 shares[11] Operational Insights - The company reported non-recurring gains totaling ¥6,479,005.93, including government subsidies and other income[9] - The company reported a 108.47% decrease in asset impairment losses, resulting in a gain of CNY -2,854,082.13, attributed to a rebound in rare earth product prices[15] - Prepayments increased by 84.46% to CNY 1,783,961,492.41, driven by an increase in project settlement volumes[15] - The company engaged in multiple investor meetings, discussing its production and operational status, although no specific data was provided[23]