NFC(SZ:000758)2018-10-30 16:00Financial Performance - Total assets at the end of the reporting period reached ¥25,792,495,049.84, an increase of 14.44% compared to the end of the previous year[8] - Net profit attributable to shareholders was ¥54,289,963.23, representing a 30.50% increase year-on-year[8] - Operating revenue for the period was ¥3,184,375,210.35, a decrease of 2.90% compared to the same period last year[8] - Net profit attributable to shareholders after deducting non-recurring gains and losses was ¥44,710,591.21, down 44.47% year-on-year[8] - Basic earnings per share were ¥0.0276, an increase of 30.81% compared to the same period last year[8] - The weighted average return on net assets was 1.04%, a decrease of 0.53% compared to the previous year[8] Cash Flow and Assets - Cash flow from operating activities reached ¥3,147,447,259.98, an increase of 131.83% year-to-date[8] - Cash and cash equivalents increased by 94.13% to ¥5,083,741,184.38 due to increased project collections from the parent company and its Kazakhstan subsidiary[17] - Accounts receivable rose by 63.18% to ¥472,931,376.63 primarily due to the subsidiary adopting more bill settlements[17] - Inventory decreased by 31.15% to ¥3,206,025,814.43 as a result of reduced amounts of completed but unsettled assets from construction contracts[17] - Construction in progress surged by 2,114.10% to ¥3,347,360,091.41 due to the acquisition of a subsidiary, China Nonferrous (Indonesia) Dali Mining Co., Ltd.[17] - Goodwill increased by 635.69% to ¥81,844,946.44 as a result of the premium paid for the acquisition of the subsidiary[17] Investment and Financial Management - Financial expenses decreased by 60.72% to ¥160,228,943.34 due to significant foreign exchange gains during the period[19] - Investment income rose by 165.11% to ¥15,376,834.04, attributed to increased earnings from equity method investments[19] - The company completed the acquisition of 51% of PT.DPM, becoming its controlling shareholder[21] - The company reported a derivative investment amount of 52.33 million CNY at the end of the reporting period, with a net loss of 146,600 CNY during the period[28] - The company has not engaged in any securities investment during the reporting period[25] - The company has not reported any trust investment during the reporting period[26] Corporate Governance and Compliance - The company reported a total of 126,080 shareholders at the end of the reporting period[13] - The largest shareholder, China Nonferrous Metal Mining Group Co., Ltd., holds 33.75% of the shares[13] - There were no violations regarding external guarantees during the reporting period[32] - The company has not reported any non-operating fund occupation by controlling shareholders or related parties during the reporting period[33] - The company has committed to fair market pricing principles in transactions with related parties, ensuring no harm to the interests of minority shareholders[24] - The company has established a futures hedging management method to control trading risks effectively[28] - The company has maintained consistent accounting policies for derivatives compared to the previous reporting period[28] Operational Insights - The company faced a final court ruling regarding a financial loan dispute with Ping An Bank, which may impact future financial strategies[21] - The company has conducted multiple communications with individuals to discuss its production and operational status during the reporting period[31] - The company anticipates potential significant changes in net profit compared to the same period last year, but specific figures are not disclosed[25]