NFC(SZ:000758)2020-08-27 16:00Financial Performance - The company's operating revenue for the reporting period was ¥3,214,927,940.39, a decrease of 47.59% compared to ¥6,134,692,871.02 in the same period last year[22]. - The net profit attributable to shareholders of the listed company was ¥79,792,888.66, down 1.29% from ¥80,836,337.74 in the previous year[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥31,099,180.85, a decline of 148.71% compared to ¥63,841,899.46 in the same period last year[22]. - The net cash flow from operating activities was -¥790,814,878.56, a significant decrease from ¥787,346,393.25 in the previous year, representing a change of -200.44%[22]. - The basic earnings per share were ¥0.0405, a decrease of 1.22% from ¥0.0410 in the same period last year[22]. - The diluted earnings per share were also ¥0.0405, reflecting a decrease of 1.22% compared to ¥0.0410 in the previous year[22]. - The weighted average return on net assets was 1.63%, slightly up from 1.54% in the previous year[22]. - The company reported a total comprehensive income of CNY 180,646,256.81 for the first half of 2020, down from CNY 245,303,902.00 in the first half of 2019, a decrease of 26.4%[156]. - The company reported a significant decrease in sales due to reduced procurement from related parties, impacting overall sales performance[85]. Assets and Liabilities - The total assets at the end of the reporting period were ¥25,481,079,803.53, showing a slight increase of 0.03% from ¥25,473,356,455.04 at the end of the previous year[22]. - The total liabilities were CNY 16,648,473,418.40, a slight decrease from CNY 16,773,812,773.29, indicating a reduction of about 0.74%[147]. - The total equity attributable to shareholders reached CNY 4,939,198,674.10, up from CNY 4,856,580,520.23, indicating an increase of about 1.70%[147]. - Cash and cash equivalents at the end of the reporting period amounted to ¥4,401,315,131.41, representing 17.27% of total assets, an increase from 16.74% in the previous year[46]. - The company's total liabilities at the end of the reporting period were CNY 4,206,492,190.73, indicating a manageable debt level[172]. Revenue Breakdown - The international engineering contracting business revenue was CNY 935.92 million, down 48.35% year-on-year due to the impact of the COVID-19 pandemic[38]. - The revenue from non-ferrous metal mining and smelting was CNY 1,825.35 million, a decrease of 29.38% year-on-year, influenced by reduced downstream demand[38]. - The equipment manufacturing business revenue increased by 54.21% year-on-year to CNY 158.48 million, despite the strategic exit from the mechanical manufacturing sector[38]. - Trade business revenue fell by 86.74% year-on-year to CNY 210.23 million, as the company focused on core business areas[38]. Investments and Projects - The company is advancing the construction of the Dari lead-zinc mine project and expanding its Southeast Asia lead-zinc base[33]. - The company aims to enhance resource reserves and supply capabilities by focusing on resource-rich areas in Africa, Central Asia, and South America[33]. - The company has ongoing construction projects, including the Indonesia Darai Lead-Zinc Mine project, with an investment of ¥73,769,692.00 during the reporting period, totaling ¥278,420,142.00 to date[51]. - The company is actively pursuing project financing and accelerating project progress for its Dairi Zinc and Lead Mining project, which is currently under construction[60]. Regulatory and Compliance - The company has maintained compliance with commitments made regarding shareholding and asset restructuring, ensuring transparency and fairness in market transactions[70]. - The company has established emergency response plans for environmental incidents at all levels of production enterprises and conducted regular drills[108]. - The company has publicly disclosed environmental pollution prevention information and pollutant emission data accurately and comprehensively in the first half of 2020[108]. Shareholder Information - The largest shareholder, China Nonferrous Metal Mining Group Co., Ltd., holds 33.75% of the total shares, amounting to 664,613,232 shares[118]. - The total number of common shareholders at the end of the reporting period was 115,419[118]. - The report indicates that there were no changes in the number of shares held by major shareholders during the reporting period[118]. Risks and Challenges - The company faces significant risks due to the ongoing COVID-19 pandemic, which has impacted global economic activities and may affect overseas business operations and overall performance[63]. - The international engineering contracting business is under pressure from a declining global economy, increased competition, and geopolitical uncertainties, which may hinder infrastructure investment[63]. - The resource development sector is experiencing a downturn, particularly in zinc metal prices, with expectations of continued low price fluctuations in the second half of 2020[63]. Research and Development - Research and development expenses increased by 72.32% to ¥5,775,409.45, driven by higher investments from the subsidiary Zhongse Zinc Industry[39]. - The company completed 45 patent applications in the first half of 2020, including 16 invention patents and 29 utility model patents[34]. Environmental Management - The company achieved a 100% operational efficiency rate for all pollution control facilities in the first half of 2020, meeting the emission standards set by GB 13271-2014 and GB 25466-2010[108]. - The total emissions for sulfur dioxide from the main emission points at Zhongse Zinc Industry were 23.79 tons, with a permitted limit of 200 tons per year, indicating compliance with environmental standards[108].