NFC(SZ:000758)2023-04-27 16:00Financial Performance - The company reported a significant increase in revenue, achieving a total of 76 million yuan for the year 2022, reflecting a growth of 12% compared to the previous year[5]. - Total operating revenue for 2022 reached CNY 7,372,408,654.08, an increase of 12.9% from CNY 6,532,556,475.01 in 2021[45]. - Net profit for 2022 was CNY 381,093,324.45, up 72.3% compared to CNY 220,947,942.83 in 2021[45]. - The total profit for 2022 was CNY 538,380,665.01, which is a 40.7% increase from CNY 383,158,311.75 in 2021[45]. - The company reported a basic earnings per share of CNY 0.0745, up from CNY 0.0210 in 2021, reflecting a growth of 253.6%[45]. - The company reported a comprehensive income total of CNY 27,311,400.29 for the year, with a significant portion attributed to undistributed profits[41]. - The company’s total assets increased, indicating a positive trend in financial health and potential for future growth[47]. - The company reported a total comprehensive income of 261,942,413.58 CNY for the year, with a significant portion attributed to profit distribution[121]. Market Strategy and Expansion - The company plans to expand its market presence through strategic acquisitions and partnerships, aiming for a 15% increase in market share by 2025[23]. - A new product line is set to launch in Q2 2023, expected to contribute an additional 20 million yuan in revenue within the first year[23]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[47]. - The company aims to enhance its influence in the lead-zinc sector through increased self-sufficiency in concentrate production following the completion of the Darui project[112]. - The company has made strategic adjustments to its development approach, increasing cooperation on large-scale engineering projects under the Belt and Road Initiative[176]. Financial Health and Equity - The total equity attributable to the parent company at the end of the year was CNY 8,993,699,405.64, with a decrease of CNY 537,500,440.16 during the year[28]. - The company reported a net profit distribution of CNY -150,820,993.46 to shareholders, indicating a loss allocation[28]. - The total comprehensive income for the year was CNY -89,102,770.30, reflecting a significant decline compared to the previous period[29]. - The company’s retained earnings showed a decrease of CNY 115,089,052.66, impacting the overall financial health[29]. - The total equity at the end of the year was CNY 2,210,250,078.73, reflecting the cumulative effects of the year’s operations[29]. - The total equity attributable to shareholders at the end of 2022 was CNY 2,210,250,078.73, a decrease from CNY 2,279,525,067.97 at the beginning of the year, reflecting a decline of approximately 3.03%[41]. Operational Efficiency and Internal Controls - The management highlighted a focus on improving the recoverability of receivables, implementing internal controls to enhance financial performance[8]. - The company is focusing on improving internal controls to ensure financial statements are free from material misstatements due to fraud or error[11]. - The company aims to enhance its training programs, with a budget increase of 30% for employee development in 2023[22]. - The company has established a strong reputation in the international non-ferrous metal market, being recognized as one of the "Top 250 International Contractors" by ENR for several consecutive years[172]. Research and Development - Research and development expenses rose significantly to CNY 24,777,300.17, compared to CNY 9,706,268.63 in 2021, marking an increase of 155.5%[45]. - The company is focusing on the development of new technologies, including IoT applications for diaphragm pumps and optimization of casting processes[189]. - The company aims to enhance its product competitiveness through ongoing research in various areas, including multi-metal mining systems and safety information platforms[189]. Risks and Challenges - The company faces various risks including currency policy changes, international contracting business risks, and fluctuations in non-ferrous metal prices[70]. - The company emphasizes the importance of investment risk awareness for investors due to potential market volatility[70]. - The company has faced challenges such as personnel shortages and logistics disruptions but managed to increase lead-zinc concentrate production compared to the previous year[163]. Cash Flow and Investments - The net cash flow from operating activities for 2022 was -165,485,746.73 CNY, a significant decrease from 2,319,497,795.27 CNY in 2021[118]. - The total cash inflow from operating activities for 2022 was approximately ¥8.98 billion, down from ¥10.77 billion in 2021[115]. - The net cash flow from investing activities for 2022 was approximately ¥443.28 million, compared to a negative cash flow of about ¥141.94 million in 2021[115]. - The net cash flow from financing activities was -528,178,082.59 CNY in 2022, an improvement from -1,353,948,769.30 CNY in 2021[118]. Production and Resource Management - The company achieved a zinc production volume of 197,125 tons, a decrease of 7.03% from 212,020 tons in the previous year[180]. - The company has developed three resource bases in Inner Mongolia, Mongolia, and Indonesia, enhancing its resource control capabilities[153]. - The company has implemented a procurement management system to ensure quality control and cost management in project execution[147]. - The company aims to continue enhancing resource reserves and supply capabilities, focusing on both domestic and international resource acquisition[176].