NFC(SZ:000758)2018-04-23 16:00Dividend Distribution - The company plans to distribute a cash dividend of 0.15 RMB per 10 shares to all shareholders based on a total share capital of 1,969,378,424 shares as of December 31, 2017[6]. - The company announced a cash dividend of 0.15 yuan per 10 shares for the 2017 fiscal year, totaling 29,540,676.36 yuan, which represents 100% of the distributable profit[126]. - In 2017, the cash dividend paid amounted to 29,540,676.36 yuan, accounting for 14.70% of the net profit attributable to shareholders of the listed company, which was 200,980,863.92 yuan[125]. - The cash dividend for 2016 was 39,387,568.48 yuan, which was 13.31% of the net profit attributable to shareholders of the listed company[125]. - The company has maintained a consistent cash dividend policy over the past three years, with dividends of 0.5 yuan per 10 shares in 2015[123]. - The company has not made any adjustments to its cash dividend policy during the reporting period[122]. - The company’s profit distribution plan for 2017 was approved at the annual general meeting held on May 12, 2017[121]. - The company has complied with all relevant regulations regarding cash dividend distribution and shareholder rights[122]. Financial Performance - The company's operating revenue for 2017 was ¥15.43 billion, a decrease of 19.29% compared to ¥19.11 billion in 2016[18]. - The net profit attributable to shareholders was ¥200.98 million, down 32.10% from ¥296.01 million in 2016[18]. - The net profit after deducting non-recurring gains and losses was ¥155.84 million, a decline of 40.53% from ¥262.06 million in 2016[18]. - The total assets at the end of 2017 were ¥22.54 billion, a decrease of 5.73% from ¥23.91 billion at the end of 2016[18]. - The weighted average return on equity was 3.94%, down from 6.02% in 2016, reflecting a decrease of 2.08%[18]. - The company reported significant quarterly revenue fluctuations, with Q2 revenue at ¥4.43 billion, the highest for the year[22]. - The company achieved a 100% contract fulfillment rate and a 100% first-time acceptance rate for major engineering projects in 2017[40]. - The company reported a total revenue of 91,044,561.12 million yuan from the purchase of zinc concentrate powder, accounting for 6.07% of similar transactions[145]. Risk Management - The company acknowledges potential risks including macroeconomic and market risks, fluctuations in the overseas political and economic environment, safety production risks, and environmental policy risks[6]. - The company has a comprehensive risk management strategy to address various operational and market challenges[6]. - The company is focusing on risk management by improving investment management and audit supervision to mitigate potential financial risks[112]. - The company emphasizes the importance of safety and stability, implementing measures to address external risks such as political instability and natural disasters[113]. Business Operations - The company has expanded its main business scope to include the development of non-ferrous metal resources, primarily focusing on aluminum and zinc[16]. - The company operates under the supervision of the State-owned Assets Supervision and Administration Commission of the State Council[11]. - The company has established a comprehensive production system for lead and zinc mining and smelting, utilizing advanced technologies[30]. - The company aims to enhance market competitiveness and risk resistance through the integration of upstream and downstream industries[28]. - The company has established 12 overseas representative offices in countries such as Iran, Mongolia, and Kazakhstan for project development[37]. - The company has expanded its international engineering contracting business, focusing on key markets in Central Asia and Southern Africa, including Zambia and Kazakhstan[46]. Environmental Compliance - The company is focused on environmental compliance, ensuring that its operations meet national standards to avoid increased costs due to stricter regulations[116]. - The company reported a total sulfur dioxide emission of 1,141.44 tons and nitrogen oxide emission of 315.68 tons, both of which are within the regulatory limits[170]. - The wastewater treatment facility has a daily processing capacity of 900 tons, ensuring compliance with discharge standards for production and domestic wastewater[171]. - The company has established a hazardous waste storage site that has been operational since January 2005, ensuring safe disposal of hazardous waste generated from zinc smelting[172]. - The company has implemented a two-stage wastewater treatment process, which includes lime neutralization and membrane filtration, to effectively treat wastewater[171]. Research and Development - The company applied for 114 patents in 2017, including 33 invention patents, and participated in the revision of 5 industry standards[48]. - The company is developing an environmentally friendly oil-based mud treatment equipment, which is a first in the domestic market and is included in the key technology innovation projects of Liaoning Province[80]. - R&D investment increased significantly by 402.26% to ¥27,382,276.76 in 2017 from ¥5,451,864.54 in 2016, representing 0.18% of operating revenue[82]. - The company is investing 50 million RMB in research and development for innovative construction technologies over the next year[198]. Shareholder Structure - The total number of shares after the recent changes is 1,969,378,424, with 99.99% being unrestricted shares[180]. - The largest shareholder, China Nonferrous Metal Mining Group Co., Ltd., holds 33.75% of the shares, totaling 664,613,232[184]. - The second-largest shareholder, Wanxiang Resources Co., Ltd., has a holding of 4.14%, amounting to 81,518,800 shares, with a decrease of 59,081,200 shares during the reporting period[184]. - The total number of shareholders at the end of the reporting period is 138,814, an increase from 133,044 at the end of the previous month[184]. - The company has not engaged in any repurchase transactions during the reporting period, indicating stable shareholder confidence[186]. Management and Governance - The company appointed Wu Xiang as the Chairman and Party Secretary on September 20, 2017, following the resignation of Zhang Keli due to work adjustments[194]. - The company has seen a change in senior management, with several appointments including Jia Zhenhong as Vice Chairman and Feng Limin as a director[194]. - The company’s governance structure has been strengthened with the appointment of independent directors, enhancing oversight and strategic direction[197]. - The company is led by a team with diverse backgrounds, including expertise in finance, engineering, and management, enhancing its operational capabilities[195][196]. Future Outlook - The company has set a future outlook with a revenue target of 1.8 billion RMB for the next fiscal year, reflecting an expected growth of 20%[200]. - The company plans to enhance its digital transformation initiatives, allocating 30 million RMB towards technology upgrades in the upcoming fiscal year[200]. - A strategic acquisition of a local engineering firm is expected to enhance operational capabilities and is projected to contribute an additional 300 million RMB in revenue annually[200].