NFC(SZ:000758)2018-08-20 16:00Financial Performance - The company's operating revenue for the first half of 2018 was ¥7,557,587,046.62, a decrease of 2.18% compared to ¥7,726,032,960.70 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was ¥115,407,574.10, down 33.84% from ¥174,431,992.01 in the previous year[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥96,208,554.03, a decrease of 42.03% compared to ¥165,951,487.29 in the same period last year[18]. - The basic earnings per share were ¥0.0586, down 33.86% from ¥0.0886 in the same period last year[18]. - The total profit for the period was CNY 292,072,840.25, a decrease of 27.6% from CNY 403,199,334.18 in the previous year[135]. - The company's operating costs were CNY 7,304,189,990.44, slightly down from CNY 7,336,918,666.26 in the previous year[135]. - The company reported an increase in asset impairment losses to CNY 315,815,776.52, compared to CNY 21,345,663.39 in the prior period[135]. - The company’s total comprehensive income for the period was CNY 398,976,041.97, up from CNY 256,608,038.20 in the previous year[135]. Cash Flow - The net cash flow from operating activities was ¥3,083,199,204.26, an increase of 708.81% compared to a negative cash flow of ¥506,429,839.01 in the previous year[18]. - Total cash inflow from operating activities reached ¥9,951,145,279.09, up from ¥6,858,361,032.20 in the prior period, indicating a growth of approximately 45.5%[137]. - The company reported a net cash outflow from investing activities of ¥8,171,968.31, a decline from a net inflow of ¥130,549,084.15 in the previous period[137]. - Cash inflow from financing activities was ¥4,450,696,417.29, slightly down from ¥4,721,463,439.04 in the prior period[137]. - The company's cash and cash equivalents at the end of the period totaled ¥4,687,107,007.28, an increase from ¥2,015,570,779.19 at the end of the previous period[137]. Assets and Liabilities - The total assets at the end of the reporting period were ¥22,458,312,738.72, a decrease of 0.36% from ¥22,538,977,643.70 at the end of the previous year[18]. - Total liabilities decreased from ¥15,651,473,142.67 to ¥15,369,105,945.06, a reduction of approximately 1.8%[132]. - Current liabilities decreased from ¥12,662,528,441.01 to ¥11,756,126,009.15, a decline of about 7.1%[132]. - Long-term borrowings increased from ¥1,784,593,720.65 to ¥2,573,163,703.93, an increase of approximately 44.2%[132]. - Total equity increased from ¥6,887,504,501.03 to ¥7,089,206,793.66, reflecting a growth of about 2.9%[132]. Investments and Projects - The company completed 59 patent applications in the first half of 2018, including 26 invention patents and 33 utility model patents[32]. - The company has two mining rights and 17 exploration rights as of June 30, 2018, and is actively developing mineral resources in Russia and Indonesia[32]. - The company signed a contract with Qianbixi Copper Smelting Co., Ltd. for the sale of 240,000 dry tons of copper concentrate, valued at approximately 400 million USD (about 2.6 billion yuan), effective until December 31, 2019[90]. - The company has a contract with Wanxiang Resources Co., Ltd. for the sale of approximately 3,000 tons of zinc ingots, with an estimated total amount of about 78 million yuan[90]. Risk Management - The company faces risks including macroeconomic and market risks, fluctuations in the overseas political and economic environment, safety production risks, and environmental protection policy risks[5]. - The company faces risks from macroeconomic fluctuations, particularly due to US-China trade disputes and domestic economic slowdown, impacting metal prices[62]. - The company is diversifying its operations to mitigate risks associated with reliance on a single business model, expanding into four main sectors: nonferrous metal mining and smelting, international engineering contracting, equipment manufacturing, and trading[64]. Environmental Compliance - The company has a wastewater treatment capacity of 900 tons per day, ensuring compliance with discharge standards for production and domestic wastewater[105]. - The total emissions of sulfur dioxide reached 435.82 tons, while nitrogen oxides emissions were 132.14 tons, both of which are within the regulatory limits[104]. - The company has made significant investments in pollution control technologies, including electrostatic precipitators and wet desulfurization systems[104]. - The company has established an emergency response plan for environmental incidents, with annual drills conducted to ensure preparedness[107]. Shareholder Information - The total number of shares before the change was 1,969,378,424, with 99.99% being unrestricted shares[113]. - The largest shareholder, China Nonferrous Metal Mining Group Co., Ltd., holds 33.75% of the shares, totaling 664,613,232 shares[117]. - The total number of restricted shares held by executives decreased from 38,150 to 34,650 during the reporting period[115]. - The company does not anticipate any impact on basic and diluted earnings per share or net assets attributable to ordinary shareholders due to the share changes[113]. Legal Matters - The company reported a lawsuit involving a claim of 10,000,000 CNY related to a letter of credit dispute, which is not expected to result in a liability[73]. - The company is involved in a construction contract dispute with a claim of 7,252,160 CNY, awaiting trial[73]. - The total amount involved in ongoing litigation and arbitration cases is approximately ¥151.81 million, with ¥61.65 million initiated by the company and ¥90.16 million against it[76]. Corporate Governance - The company has not declared any cash dividends or stock bonuses for the half-year period[67]. - The semi-annual financial report has not been audited[70]. - The company has not undergone any major litigation or arbitration matters during the reporting period[73]. - The company has fulfilled its commitments in a timely manner[69].