NFC(SZ:000758)2025-04-23 12:10Financial Performance - The company's operating revenue for 2024 was ¥8,917,892,057.98, a decrease of 4.74% compared to ¥9,361,375,508.97 in 2023[20]. - Net profit attributable to shareholders for 2024 increased by 12.03% to ¥402,313,183.34 from ¥359,126,548.63 in 2023[20]. - The net cash flow from operating activities significantly dropped by 72.83% to ¥685,194,034.16 in 2024, compared to ¥2,521,654,332.62 in 2023[20]. - The total assets at the end of 2024 reached ¥21,634,198,657.18, reflecting a 10.81% increase from ¥19,523,594,247.33 at the end of 2023[20]. - The company reported a significant increase in net profit after deducting non-recurring gains and losses, reaching ¥356,505,019.02, an 8.45% increase from ¥328,727,112.30 in 2023[20]. - In 2024, the company achieved operating revenue of 891,789.21 million yuan, a decrease of 4.74% year-on-year, while net profit attributable to shareholders increased by 12.03% to 40,231.32 million yuan[52]. - The engineering contracting business generated revenue of 430,085.41 million yuan, reflecting a growth of 7.39% year-on-year, with new contract amounts reaching 16.488 billion yuan[53]. - The non-ferrous metal resource development segment reported revenue of 429,045.89 million yuan, a decline of 12.65% year-on-year, attributed to a global decrease in zinc concentrate production for the fourth consecutive year[54]. Dividend Distribution - The company plans to distribute a cash dividend of 0.46 RMB per 10 shares to all shareholders, based on a total of 1,992,841,364 shares[4]. - The total distributable profit for the period is 284,889,028 yuan, with the cash dividend accounting for 100% of the profit distribution[159]. - The cash dividend distribution is in line with the company's growth stage and significant capital expenditure plans, with a minimum cash dividend ratio of 20% required[159]. - The cash dividend distribution is fully taxable, as indicated by the inclusion of tax in the total cash dividend amount[159]. Operational Changes and Business Scope - The company has undergone changes in its main business scope, expanding to include various services such as property leasing and import-export operations since its establishment[19]. - The company has two operating mines and one under construction, with ongoing improvements in the intelligence level of its mining operations[29]. - The company is focusing on digital transformation and sustainable development technologies to enhance its competitive edge in the non-ferrous metals industry[29]. - The company is exploring more diversified project development models to enhance market share due to reduced opportunities in the EPC contracting model[42]. Risk Management - The company acknowledges potential risks including international operational risks, fluctuations in non-ferrous metal prices, exchange rate risks, safety production risks, and ecological environmental risks[4]. - The company is closely monitoring foreign exchange risks associated with its overseas engineering contracting and mining operations, aiming to reduce foreign currency loans without corresponding income and to adopt pricing mechanisms that adjust with exchange rate fluctuations[107]. - The company is committed to enhancing safety and environmental standards while addressing potential risks in its operations[106]. Environmental and Safety Initiatives - The company has implemented a comprehensive emergency response plan for environmental incidents, which has been filed with local government departments[179]. - The company achieved a 16% year-on-year reduction in sulfur dioxide emissions and an 11% reduction in nitrogen oxide emissions in 2024[180]. - The company is focusing on green mining initiatives and upgrading pollution treatment facilities to ensure compliance with environmental regulations[108]. - The company has completed the first phase of a wastewater treatment upgrade project, which passed environmental protection acceptance by the end of 2024[174]. Research and Development - Research and development expenses increased by 24.31% to ¥47,909,291.64 compared to the previous year[72]. - The number of R&D personnel increased to 256 in 2024, a rise of 17.97% from 217 in 2023, with the proportion of R&D personnel in the company reaching 5.21%[75]. - The company is currently implementing research projects aimed at improving the stability and efficiency of production systems[73]. - The company aims to enhance its core competitiveness by developing new products and improving existing processes[74]. Corporate Governance - The company has established a market value management system to enhance investment value and protect the interests of shareholders, particularly small and medium investors[114]. - The company emphasizes transparent information disclosure, ensuring all shareholders have equal access to relevant information[120]. - The company is committed to maintaining compliance with governance regulations and enhancing corporate governance practices[121]. - The board of directors convened 13 meetings, adhering to legal and regulatory requirements for decision-making processes[119]. International Operations - The company's international engineering contracting business has a significant presence in the "Belt and Road" region, with a turnover of $138.76 billion and new contract value of $232.48 billion, accounting for 83.6% and 87% of total contracts respectively[32]. - The company is actively seeking resource development opportunities in Inner Mongolia, Mongolia, and Indonesia to increase its high-quality non-ferrous metal resource reserves[107]. - The engineering contracting business will focus on large projects in key regions such as Kazakhstan, Indonesia, and the Middle East, leveraging its brand and resource integration advantages[103]. Leadership and Management Changes - Qin Junman resigned as the company's director and general manager due to retirement, effective October 15, 2024[128]. - Zhao Baoju resigned as the company's deputy general manager due to job relocation, effective October 18, 2024[128]. - New appointments include Jiang Lei as general manager and Zhang Ming as deputy general manager, both effective November 8, 2024[130]. - The company is undergoing a leadership transition with multiple executive changes, indicating a strategic shift in management[130]. Financial Management - The company plans to enhance its financial management and optimize funding structures to support project execution[105]. - The company’s financing methods include direct bank financing for overseas clients and factoring of receivables under deferred payment contracts[44]. - The company reported an investment income of ¥72,549,545.84, accounting for 10.78% of total profit, primarily from equity method accounting gains from associates[79]. Employee Composition and Training - The total number of employees at the end of the reporting period is 4,911, with 308 from the parent company and 4,603 from major subsidiaries[154]. - The company has established a compensation system based on job value, personal ability, and work performance, ensuring fairness and competitiveness[155]. - The training plan includes a three-tier education training model combining company-level general knowledge training, departmental specialized training, and job competency improvement[156].