NFC(SZ:000758)2021-08-29 16:00Financial Performance - The company's operating revenue for the reporting period was CNY 3,447,409,660.45, an increase of 7.23% compared to CNY 3,214,927,940.39 in the same period last year[22]. - The net profit attributable to shareholders of the listed company was CNY 128,503,115.55, representing a growth of 61.05% from CNY 79,792,888.66 in the previous year[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 125,960,357.57, a significant increase of 505.03% compared to a loss of CNY 31,099,180.85 in the same period last year[22]. - The net cash flow from operating activities reached CNY 2,437,865,479.57, a remarkable increase of 408.27% from a negative cash flow of CNY 790,814,878.56 in the previous year[22]. - Basic earnings per share were CNY 0.0653, up 61.23% from CNY 0.0405 in the same period last year[22]. - Total revenue for the reporting period reached ¥3,447,409,660.45, representing a year-on-year increase of 7.23% from ¥3,214,927,940.39[44]. - The total profit for the first half of 2021 was CNY 348,113,788.60, up 78.2% from CNY 195,284,712.58 in the same period of 2020[175]. - The company achieved cash inflow from sales of goods and services of ¥5,030,544,109.30, a substantial increase from ¥2,300,331,871.59 in the previous year[181]. Asset and Liability Management - Total assets at the end of the reporting period were CNY 20,006,423,368.76, a decrease of 9.46% from CNY 22,096,234,431.71 at the end of the previous year[22]. - The net assets attributable to shareholders of the listed company were CNY 4,677,033,770.71, an increase of 2.29% from CNY 4,572,236,124.61 at the end of the previous year[22]. - Long-term borrowings increased to ¥5,034,133,988.21, representing 25.16% of total liabilities, a rise of 10.21% from the previous year[49]. - The company's total liabilities amounted to CNY 11,496,464,412.86, a decrease of 12.3% from CNY 13,102,535,026.07 on December 31, 2020[166]. - The company's current liabilities totaled CNY 5,463,068,673.92, down 37.5% from CNY 8,757,166,421.13 at the end of 2020[166]. Revenue Breakdown - The international engineering contracting business revenue decreased by 21.09% to CNY 73,853.10 million due to the ongoing impact of the COVID-19 pandemic[31]. - The revenue from non-ferrous metal mining and smelting increased by 30.14% to CNY 237,557.72 million, benefiting from a relatively high zinc price[33]. - Trade business revenue fell by 45.42% to CNY 11,475.34 million, as the company adopted a cautious approach amid ongoing global pandemic challenges[34]. - The domestic revenue accounted for 74.98% of total revenue, amounting to ¥2,585,022,930.17, which is a 20.77% increase year-on-year[44]. Research and Development - Research and development investment rose by 45.64% to ¥8,411,093.02, primarily due to increased R&D expenditures by the subsidiary Zhongse White Mine[40]. - The company is focusing on digital mining construction and resource reserve layout to improve resource supply capabilities[33]. Environmental and Social Responsibility - The company reported that all pollution prevention facilities operated effectively during the first half of 2021, achieving a 100% operational efficiency rate[6]. - The company completed environmental protection acceptance for several projects, including hazardous waste storage facilities and a new production line[6]. - The company contributed a total of 201,756 CNY to poverty alleviation by purchasing local products from Lianghe County, Dehong Prefecture, Yunnan Province[90]. - A donation of 12,900 CNY was made to provide "love school uniform packages" for 50 impoverished students at Chifeng No. 7 Middle School[90]. Strategic Initiatives - The company aims to enhance its market competitiveness and risk resistance through the integration of international engineering contracting and non-ferrous metal mining and smelting[29]. - The company is actively expanding its lead and zinc resource holdings, with ongoing construction of the Darui lead-zinc mine project[30]. - The company is exploring diversification in engineering contracting, targeting markets along the "Belt and Road" initiative[30]. - The company is committed to expanding its overseas market presence, particularly in Indonesia and Russia, to mitigate risks associated with domestic operations[74]. Corporate Governance - The company held four shareholder meetings during the reporting period, with investor participation rates of 41.62%, 41.13%, 40.52%, and 40.49% respectively[1]. - There were changes in the board of directors and management, including the election of new directors and the resignation of several executives[2]. - The company did not implement any employee stock ownership plans or other incentive measures during the reporting period[4]. Risk Management - The company faces various risks including systemic risks from the COVID-19 pandemic and cyclical risks in resource development[5]. - The international engineering contracting business is under pressure due to global economic downturns and geopolitical tensions, affecting project financing and stability[70]. - The company has established internal control procedures for futures hedging to mitigate operational risks[63].