NFC(SZ:000758)2023-08-28 16:00Financial Performance - The company's operating revenue for the first half of 2023 was CNY 4,137,063,758.81, representing a 13.25% increase compared to CNY 3,652,938,343.46 in the same period last year[39]. - The net profit attributable to shareholders of the listed company was CNY 281,324,777.60, up 9.39% from CNY 257,184,287.05 year-on-year[39]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 283,646,011.09, reflecting a 3.82% increase from CNY 273,198,046.67 in the previous year[39]. - The net cash flow from operating activities reached CNY 611,559,234.93, a 20.81% increase compared to CNY 506,198,233.91 in the same period last year[39]. - The basic earnings per share were CNY 0.1428, an increase of 9.34% from CNY 0.1306 in the previous year[39]. - The total assets at the end of the reporting period were CNY 19,526,558,220.71, down 2.61% from CNY 20,050,396,487.83 at the end of the previous year[39]. - The net assets attributable to shareholders of the listed company increased to CNY 5,199,827,859.71, a 7.73% increase from CNY 4,826,869,302.54 at the end of the previous year[39]. - The weighted average return on net assets was 5.61%, an increase of 0.19 percentage points compared to 5.42% in the previous year[39]. Revenue Breakdown - The revenue from non-ferrous metal resource development was CNY 274,143.62 million, a decrease of 6.29% year-on-year, primarily due to a more than 20% decline in zinc prices[55]. - The company’s trade business revenue was CNY 2,632.14 million, down 3.40% year-on-year, as it continued to implement a "solid trade" strategy[56]. - The company's operating revenue for the contracting engineering segment reached ¥1,186,215,979.47, representing a year-on-year increase of 130.60%[60]. - The international engineering contracting business generated revenue of ¥1,186,215,979.47, a significant increase of 130.60% from ¥514,413,159.70 in the same period last year[82]. - The overseas revenue accounted for 32.59% of total operating revenue, amounting to ¥1,348,297,625.23, which is a 123.83% increase from ¥602,383,393.49 in the previous year[82]. Investment and Assets - The company’s total assets reached 3,817,807,066 CNY, with net assets of 2,951,235,695 CNY for its subsidiary in Indonesia[96]. - The company has established three resource bases in Inner Mongolia, Mongolia, and Indonesia, enhancing its resource control capabilities[76]. - The company invested CNY 84.84 million in significant non-equity investments during the reporting period, with a cumulative actual investment of CNY 602.81 million[110]. - The company’s investment in derivatives accounted for 0.78% of the net assets at the end of the reporting period[93]. Challenges and Risks - The company noted that the international geopolitical conflicts and high inflation levels negatively impacted overall demand in the first half of 2023[73]. - The company is facing significant challenges due to global geopolitical conflicts, high commodity price volatility, and tightening monetary policies in developed economies, which may impact overseas business and overall performance[141]. - Zinc metal prices showed a downward trend in the first half of 2023 due to a strong supply and weak demand situation, with long-term supply-side easing trends persisting, leading to increased resistance to price increases[143]. - The company is focusing on risk control and enhancing project management capabilities to adapt to the challenging international engineering environment[48]. Environmental and Social Responsibility - The company is committed to improving safety management and implementing a dual prevention mechanism to enhance safety performance[122]. - The company has initiated multiple environmental remediation projects, including the comprehensive treatment of hazardous waste storage and soil pollution risk control[180]. - The company achieved a successful implementation of environmental monitoring plans, ensuring all pollutant discharge concentrations and total amounts met permit requirements[177]. - The company invested a total of approximately 25.15 million yuan in energy conservation and environmental protection in the first half of 2023[179]. - The company aims to enhance its environmental protection system, promote green mining, and ensure compliance with pollution discharge standards through continuous monitoring and upgrades of pollution treatment facilities[144]. Corporate Governance and Compliance - The company emphasizes the importance of accurate financial reporting and has ensured the completeness and truthfulness of the financial statements[25]. - The company has made significant management adjustments, including the appointment of new financial directors and board secretaries[147]. - The company has committed to not reducing its shareholding by 5% or more within six months after the lifting of restrictions on shares[187]. - The half-year financial report has not been audited, indicating a need for further financial scrutiny[188]. - The company has maintained compliance with its commitments and has not breached any of its promises to shareholders[187]. Donations and Community Support - In the first half of 2023, the company made donations totaling CNY 6.84 million to support local communities during Ramadan and Eid in Indonesia[181]. - Xin Du Mining donated approximately CNY 5.57 million, including CNY 600,000 in scholarships for local university students and CNY 2.98 million for an investment development forum in Mongolia[183]. - The company also contributed CNY 3 million to address water well collapse issues in a village in Inner Mongolia, improving local living conditions[184]. - The company reported a donation expenditure of approximately 10,900 yuan for social welfare initiatives in the first half of 2023[161].