North Copper(SZ:000737)2015-08-05 16:00Financial Performance - The company reported a revenue of ¥1,151,923,205.25 for the first half of 2015, a decrease of 16.37% compared to the same period last year[21]. - The net profit attributable to shareholders was -¥100,726,222.66, representing a decline of 13.55% year-on-year[21]. - The operating profit for the first half of 2015 was -¥105,494,277.92, down 16.88% from the same period last year[29]. - The company's operating revenue for the reporting period was ¥1,151,923,205.25, a decrease of 16.37% compared to ¥1,377,468,399.10 in the same period last year[30]. - The net loss for the first half of 2015 was CNY 101,683,278.34, compared to a net loss of CNY 90,570,868.90 in the first half of 2014, representing an increase in loss of 12.3%[110]. - The total comprehensive loss for the first half of 2015 was CNY -101,683,278.34, compared to CNY -90,570,868.90 in the first half of 2014[111]. - The company's total comprehensive income for the current period showed a decrease of 100,726.00 yuan, with a total of 6,222,600.00 yuan recorded[128]. - The total comprehensive income for the period decreased by CNY 84,075,248.05, reflecting a significant decline[135]. Cash Flow and Liquidity - The net cash flow from operating activities increased by 56.88% to ¥66,210,693.64 compared to the previous year[21]. - Cash flow from operating activities increased by 56.88% to ¥66,210,693.64 compared to ¥42,204,849.55 in the same period last year[30]. - The cash inflow from operating activities totaled CNY 1,313,138,891.88, a decrease from CNY 1,671,806,110.40 in the previous period, reflecting a decline of approximately 21.5%[115]. - The net cash outflow from operating activities was CNY 66,210,693.64, compared to CNY 42,204,849.55 in the prior period, indicating a decrease in net cash flow[117]. - The total cash inflow from financing activities was CNY 547,730,021.00, down from CNY 791,638,726.94, representing a decline of about 30.8%[118]. - The net cash flow from financing activities was negative at CNY -47,420,303.34, slightly worse than the previous period's CNY -45,388,194.89[118]. - The cash outflow from investing activities was CNY 11,243,723.49, compared to CNY 21,041,597.86 in the previous period, indicating a reduction of about 46.6%[117]. - The net cash flow from investing activities was CNY -16,438,809.15, an improvement from CNY -19,241,937.86 in the prior period[117]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,071,028,822.15, showing a slight increase of 0.51% from the end of the previous year[21]. - The total liabilities rose to CNY 2,828,919,785.85 from CNY 2,711,614,253.51, indicating an increase of about 4.3%[102]. - The company's short-term borrowings increased to CNY 1,010,800,000.00 from CNY 896,000,000.00, reflecting a rise of approximately 12.8%[102]. - The total equity attributable to the parent company decreased to CNY 267,881,862.83 from CNY 368,608,085.49, a decline of about 27.3%[103]. - The company's total liabilities increased to CNY 2,003,229,970.08, up from CNY 1,938,243,876.67, reflecting a rise of 3.4%[107]. - The total equity decreased to CNY 433,003,649.84 from CNY 517,078,897.89, indicating a decline of 16.2%[107]. - The company's total assets decreased to CNY 2,436,233,619.92 from CNY 2,455,322,774.56, a decline of 0.8%[107]. Shareholder Information - The total number of shares after the recent changes is 548,760,000, with 99.99% being unrestricted shares[84]. - The largest shareholder, Shanxi Coking Coal Yuncheng Salt Chemical Group Co., Ltd., holds 140,970,768 shares, representing 25.69% of the total shares[87]. - The second largest shareholder, Xi'an High-Tech Building Materials Technology Co., Ltd., holds 29,021,400 shares, accounting for 5.29% of the total shares[87]. - The company has not experienced any changes in its controlling shareholder or actual controller during the reporting period[89]. - The company did not issue any preferred shares during the reporting period[92]. - The report indicates that there were no plans for shareholders to increase their holdings during the reporting period[90]. Operational Focus and Strategy - The company emphasized standardized construction and safety production as key themes for operational focus during the reporting period[29]. - The company plans to continue steady progress in its annual business plan for the second half of the year[32]. - The company aims to enhance its financial stability through strategic capital management and risk reserve adjustments[128]. - The company's strategy for the upcoming period remains unspecified, with no new strategic initiatives highlighted[132]. - The financial data indicates a need for the company to reassess its operational strategies to improve profitability[135]. - The overall financial performance reflects a challenging environment, necessitating a focus on cost management and efficiency improvements[135]. Research and Development - Research and development investment increased by 22.88% to ¥3,367,644.27 from ¥2,740,620.50 in the previous year[30]. - The company has obtained 16 authorized invention patents and 5 utility model patents as of June 30, 2015[35]. - The company has not disclosed any new product developments or technological advancements in the current report[132]. Guarantees and Commitments - The company confirmed the existence of guarantees during the reporting period[69]. - The company approved external guarantees totaling 153,800 thousand, with actual guarantees amounting to 2,800 thousand during the reporting period[70]. - The total approved guarantee amount for subsidiaries during the reporting period was CNY 73.8 million, with actual guarantees amounting to CNY 14.6 million[72]. - The actual total guarantee amount accounted for 86.23% of the company's net assets[72]. - The company reported no violations regarding external guarantees during the reporting period[73]. Compliance and Governance - The half-year financial report was not audited[78]. - There were no penalties or rectifications during the reporting period[79]. - The company has committed to maintaining its operational independence and avoiding conflicts of interest with its major shareholder[76][77]. Accounting Policies - The financial statements are prepared based on the going concern assumption and comply with the relevant accounting standards[143]. - The company believes it can continue its operations for at least 12 months from the approval date of the financial statements[144]. - The accounting policies and estimates have been disclosed, with no significant changes noted[145]. - The company uses Renminbi as its functional currency for accounting purposes[149].