NFC(SZ:000758)2018-08-23 16:00Financial Performance - The company's operating revenue for the reporting period was ¥7,557,587,046.62, a decrease of 2.18% compared to ¥7,726,032,960.70 in the same period last year[19]. - The net profit attributable to shareholders was ¥115,407,574.10, down 33.84% from ¥174,431,992.01 year-on-year[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥96,208,554.03, a decline of 42.03% compared to ¥165,951,487.29 in the previous year[19]. - The basic earnings per share decreased to ¥0.0586, down 33.86% from ¥0.0886 in the previous year[19]. - The total operating revenue for the first half of 2018 was CNY 7,557,587,046.62, a decrease of 2.2% compared to CNY 7,726,032,960.70 in the same period last year[138]. - The net profit attributable to the parent company was CNY 115,407,574.10, down 33.9% from CNY 174,431,992.01 in the previous year[138]. - The company reported a significant increase in asset impairment losses, totaling CNY 315,815,776.52, compared to CNY 21,345,663.39 in the prior period[138]. - The company’s total comprehensive income for the period was CNY 398,976,041.97, an increase of 55.5% from CNY 256,608,038.20 in the same period last year[138]. Cash Flow and Liquidity - The net cash flow from operating activities was ¥3,083,199,204.26, an increase of 708.81% from -¥506,429,839.01 in the same period last year[19]. - Operating cash flow increased by 708.81% to CNY 3,083.20 million, mainly due to increased collections from engineering projects[42]. - Cash and cash equivalents increased to ¥5,051,379,754.46, representing 22.49% of total assets, up from 11.62% year-over-year, primarily due to increased project payments from the parent company and its Kazakhstan subsidiary[50]. - The ending balance of cash and cash equivalents increased to ¥2,555,171,370.27 from ¥1,125,762,109.07 in the previous period, marking a growth of approximately 127%[141]. - Cash and cash equivalents at the end of the period increased to CNY 4,687,107,007.28 from CNY 2,015,570,779.19, marking a growth of 132.9%[140]. Assets and Liabilities - The total assets at the end of the reporting period were ¥22,458,312,738.72, a slight decrease of 0.36% from ¥22,538,977,643.70 at the end of the previous year[19]. - Total liabilities decreased from CNY 15,651,473,142.67 to CNY 15,369,105,945.06, a reduction of approximately 1.8%[134]. - Current liabilities decreased from CNY 12,662,528,441.01 to CNY 11,756,126,009.15, a decline of about 7.1%[134]. - Non-current liabilities increased from CNY 2,988,944,701.66 to CNY 3,612,979,935.91, an increase of approximately 20.8%[134]. - The total amount of restricted cash and accounts receivable was ¥1,195,393,963.57, primarily due to bank acceptance bills and pledged accounts receivable[51]. Business Operations and Strategy - The company plans to focus on resource development and engineering contracting for future growth, enhancing procurement and sales capabilities[39]. - The company is committed to enhancing safety measures and environmental protection to reduce operational risks and comply with regulations[65]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[141]. - The company is actively exploring potential mergers and acquisitions to strengthen its market position and diversify its service portfolio[83]. Environmental Compliance - The company has been fined ¥1,938,690 for environmental violations related to the disposal of desulfurization gypsum at its Lin Dong plant[78]. - The company has also been fined ¥200,000 for failing to close a tailings pond in compliance with environmental regulations[78]. - The company has established a hazardous waste storage facility that has been operational since 2005, ensuring safe disposal of hazardous waste generated from zinc smelting[108]. - The company has implemented a two-stage wastewater treatment process involving lime neutralization and membrane filtration[108]. - The company has committed to environmental responsibility by establishing emergency response plans for environmental incidents[110]. Shareholder Information - The total number of shares before the change was 1,969,378,424, with 99.99% being unrestricted shares[116]. - The largest shareholder, China Nonferrous Metal Mining Group Co., Ltd., holds 33.75% of the shares, totaling 664,613,232 shares[121]. - The company has a total of 34,650 restricted shares remaining after the recent changes among key executives[118]. - The report indicates that there are no changes in the approval or transfer of shares during this period[116]. Legal Matters - The company reported a pending lawsuit involving a claim of 10,000,000 CNY related to a letter of credit dispute[74]. - Another pending lawsuit involves a claim of 9,950,000 CNY regarding financial bad debt guarantee responsibilities[74]. - 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 the company[77]. Related Party Transactions - The total amount of related party transactions in the first half of 2018 was approximately 82,536.07 million yuan, with a completion ratio of 47.47% for rental and property services[88]. - The company continues to utilize market pricing principles for all related party transactions to ensure fairness and transparency[84]. - The company has not reported any significant differences between transaction prices and market reference prices[88]. Research and Development - The company completed 59 patent applications in the first half of 2018, including 26 invention patents and 33 utility model patents[33]. - The company is focused on developing new technologies and products to enhance its competitive edge in the market[83].