North Copper(SZ:000737)2017-01-25 16:00Financial Performance - The company reported a revenue of CNY 1,081,264,684.32 for the first half of 2016, a decrease of 6.13% compared to the same period last year[21]. - The net profit attributable to shareholders was CNY -73,623,546.95, which represents a reduction in losses of 26.91% year-over-year[21]. - The company achieved an operating profit of CNY -75,449,342.15, which is a reduction in losses of 28.48% year-over-year[29]. - The total comprehensive income attributable to the parent company was a loss of CNY 73,623,546.95, compared to a loss of CNY 100,726,222.66 in the previous year[122]. - The net loss for the period was CNY 76,007,866.21, compared to a net loss of CNY 101,683,278.34 in the previous period[121]. - The basic earnings per share were CNY -0.1342, an improvement of 26.91% from the previous year[21]. - The company reported a weighted average return on equity of -66.22%, a decline of 34.57% compared to the previous year[21]. - The net cash flow from operating activities was CNY 69,942,622.36, an increase of 5.64% compared to the previous year[21]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,969,653,247.00, down 1.44% from the end of the previous year[21]. - The total liabilities increased to CNY 2,924,331,649.22 from CNY 2,891,795,767.31[114]. - The total assets decreased to CNY 2,504,590,784.06 from CNY 2,519,244,658.66[118]. - The owner's equity totaled CNY 45,321,597.78, down from CNY 121,329,463.99[114]. - The net assets attributable to shareholders decreased by 49.75% to CNY 74,361,346.88 compared to the end of the previous year[21]. Cash Flow - The company reported a net increase in cash and cash equivalents of 340.02%, amounting to ¥14,396,520.56[30]. - Cash flow from operating activities generated a net inflow of CNY 69,942,622.36, an increase from CNY 66,210,693.64 in the previous year[127]. - Cash outflow from operating activities totaled CNY 1,251,161,672.92, compared to CNY 1,246,928,198.24 in the previous year[127]. - Cash flow from investing activities resulted in a net outflow of CNY 264,038.10, an improvement from a net outflow of CNY 16,438,809.15 in the previous year[127]. - The ending cash and cash equivalents balance was CNY 129,034,834.59, up from CNY 117,419,071.85 at the end of the previous year[128]. Revenue Segmentation - The chemical industry segment generated revenue of ¥457,594,480.39, with a gross margin of 18.82%, reflecting a 7.49% increase in revenue year-over-year[35]. - The daily chemical industry segment saw a revenue increase of 26.14% to ¥579,237,992.14, but with a gross margin decrease of 17.55%[35]. - Domestic revenue increased by 22.60% to ¥951,045,573.56, while international revenue rose by 22.16% to ¥96,847,454.90[35]. Dividends and Shareholder Policies - The company plans not to distribute cash dividends or issue bonus shares for this period[6]. - The company has not implemented any cash dividends or stock bonuses during the reporting period[49]. - The company plans to maintain its current profit distribution policy without cash dividends or stock bonuses for the half-year[51]. Subsidiary Performance - Xi'an Nanfeng Daily Chemical Co., a subsidiary, reported a total revenue of CNY 115,066,520 with a net loss of CNY 10,918,291.9[48]. - Guizhou Nanfeng Daily Chemical Co., another subsidiary, achieved a revenue of CNY 78,986,903 and a net profit of CNY 2,756,586[48]. Guarantees and Liabilities - The company has a total external guarantee amount of 206,800,000 CNY, with an actual guarantee balance of 4,300,000 CNY at the end of the reporting period[76]. - The total approved guarantee amount for subsidiaries during the reporting period was CNY 43.8 million, with actual guarantees amounting to CNY 8.2 million[79]. - The total guarantee amount provided by the company accounted for 321.40% of the company's net assets[79]. Market Position and Strategy - The company emphasized ongoing reforms and internal management improvements to maintain stable operations during the reporting period[29]. - The company plans to enhance its market expansion strategies in the upcoming quarters, focusing on new product development and technological advancements[139]. - The overall financial performance reflects a cautious outlook, with management emphasizing the need for strategic adjustments in response to market conditions[139]. Accounting and Financial Reporting - The financial statements are prepared based on the going concern assumption, indicating confidence in the company's ability to continue operations for at least 12 months[152]. - The company adheres to the accounting standards set by the Ministry of Finance, ensuring the financial statements reflect a true and complete picture of its financial status[154]. - The accounting period for the company runs from January 1 to December 31 each year[155]. Risks and Compliance - There are no significant risks of delisting due to legal violations during the reporting period[89]. - The company has made no commitments that were not fulfilled during the reporting period[94]. - There were no penalties or rectifications during the reporting period[87].