NFC(SZ:000758)2016-08-25 16:00Financial Performance - The company's operating revenue for the reporting period was ¥7,915,864,077.02, a decrease of 8.11% compared to the same period last year[21]. - The net profit attributable to shareholders was ¥123,820,962.93, reflecting a decline of 36.41% year-on-year[21]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥107,088,182.39, down 26.94% from the previous year[21]. - Basic earnings per share decreased to ¥0.0629, down 36.40% from ¥0.0989 in the previous year[21]. - The weighted average return on net assets was 3.75%, a decrease of 0.43% from the previous year[21]. - The gross profit margin for the first half of 2016 was approximately 2.1%, down from 2.5% in the same period last year[126]. - The company's total assets decreased to CNY 14,867,557,623.03 from CNY 15,260,440,429.76 at the beginning of the period, reflecting a reduction of 2.6%[125]. - The company's total assets at the end of the reporting period are CNY 6,514,616,505.76, reflecting an increase from CNY 6,434,199,734.29 in the previous period, which is a growth of about 1.25%[130]. Cash Flow - The net cash flow from operating activities was -¥1,304,402,061.31, an increase in negative cash flow of 758.59% compared to the same period last year[21]. - The company's cash flow from operating activities showed a significant decline, with a net cash outflow of 1,304,402,061.31 yuan, a 758.59% increase in outflow compared to the previous year[34]. - The net cash flow from operating activities is -¥1,304,402,061.31, worsening from -¥151,923,105.43 in the previous period[128]. - Cash and cash equivalents at the end of the period amount to ¥2,200,577,032.31, compared to ¥1,702,721,590.79 at the end of the previous period, indicating an increase of 29.3%[128]. Assets and Liabilities - Total assets at the end of the reporting period were ¥21,913,687,692.96, a decrease of 3.92% from the end of the previous year[21]. - Total liabilities decreased from CNY 16,374,298,675.17 to CNY 15,399,071,187.20, a decrease of approximately 6%[122]. - The company's equity attributable to shareholders increased from CNY 4,708,194,711.27 to CNY 4,804,814,044.88, an increase of about 2%[122]. - Total current assets decreased from CNY 15,306,813,166.15 to CNY 14,232,497,771.83, a decline of approximately 7%[121]. - Total liabilities at the end of the reporting period are CNY 4,545,000,000.00, which is an increase from CNY 4,500,000,000.00, reflecting a growth of approximately 1%[130]. Dividends and Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares for this period[7]. - The company plans to distribute a cash dividend of 0.50 CNY per 10 shares, totaling approximately 492.34 million CNY based on the total share capital of 984,689,212 shares[53]. - The company will not distribute cash dividends or issue new shares from capital reserves for the semi-annual period[55]. - The total share capital before the distribution was 984,689,212 shares, resulting in a total of 984,689,212 shares post-distribution[103]. - The largest shareholder, China Nonferrous Metal Mining Group Co., Ltd., holds 33.75% of shares, totaling 664,613,232[107]. Related Party Transactions - The company engaged in related party transactions, including the purchase of zinc concentrate from Fushun Hongtoushan Mining Co., amounting to 818.77 million yuan, representing 1.75% of similar transactions[70]. - The total amount of related transactions during the reporting period reached 49,326.64 million yuan, with an approved transaction limit of 166,228.47 million yuan[72]. - The company confirmed the existence of non-operating related creditor-debtor transactions[75]. - The company has no significant impact from related party receivables on its operating results and financial status[76]. - The company has no significant impact from related party payables on its operating results and financial status[77]. Governance and Compliance - The company has a well-structured management system and has established an internal control system to ensure financial safety during its development[40]. - The company’s governance practices align with the requirements of the Company Law and relevant regulations[60]. - The company has a clear and compliant cash dividend policy, ensuring the protection of minority shareholders' rights[54]. - The company has not faced any penalties or rectification issues during the reporting period[95]. - The company has engaged in multiple investor communications to discuss operational performance, including meetings with various institutional investors[57]. International Expansion and Projects - The company plans to enhance resource development efforts in Mongolia, Chifeng, and Laos, and is actively promoting overseas resource projects[35]. - The company signed a total contracting agreement for the RTR project in the Democratic Republic of the Congo, indicating a focus on expanding international engineering projects[31]. - The company has established representative offices in multiple countries, including Japan, Iran, and Zambia, indicating ongoing international expansion efforts[137]. - The company is engaged in various economic activities, including international engineering contracting and domestic and foreign trade[138]. Accounting and Financial Reporting - The company adheres to the accounting standards set by the Ministry of Finance, ensuring compliance and accuracy in financial reporting[139]. - The company prepares consolidated financial statements in accordance with relevant accounting standards, ensuring all significant internal transactions are eliminated[153]. - The company recognizes minority interests separately in its consolidated financial statements, reflecting the portion not owned by the parent company[153]. - The company measures identifiable assets and liabilities of acquired subsidiaries at fair value on the acquisition date, impacting the overall financial position[147]. - The company conducts impairment testing for long-term assets at the balance sheet date, recognizing impairment losses when the recoverable amount is lower than the carrying amount[196].