NFC(SZ:000758)2024-04-25 16:41Financial Performance - In 2023, the company achieved operating revenue of CNY 9,361.38 million, a year-on-year increase of 26.98%[7] - The net profit attributable to the parent company was CNY 359.13 million, representing a significant growth of 144.70% compared to the previous year[7] - The company's operating revenue for 2023 was ¥9,361,375,508.97, representing a 26.98% increase compared to ¥7,372,408,654.08 in 2022[38] - The net profit attributable to shareholders for 2023 was ¥359,126,548.63, a significant increase of 144.70% from ¥146,760,339.84 in 2022[38] - The net profit after deducting non-recurring gains and losses was ¥328,727,112.30, up 17.07% from ¥280,791,584.00 in the previous year[38] - The total revenue for 2023 reached approximately ¥9.36 billion, representing a year-on-year increase of 26.98% compared to ¥7.37 billion in 2022[79] - The company reported a total profit of ¥648,352,144.53 for 2023, up from ¥538,380,665.01 in 2022, marking a 20.5% increase[173] Revenue Breakdown - The engineering contracting business generated revenue of CNY 4,005.03 million, up 192.22% year-on-year, with new contract signings totaling CNY 8.094 billion[7] - Revenue from non-ferrous metal resource development decreased by 10.04% to CNY 4,911.93 million due to external pressures[7] - The equipment manufacturing segment reported revenue of CNY 132.61 million, a decline of 38.08% year-on-year, attributed to intensified market competition[7] - Revenue from contracting projects surged to ¥4.01 billion, accounting for 42.78% of total revenue, a remarkable increase of 192.22% from ¥1.37 billion in 2022[79] - Revenue from non-ferrous metals decreased by 10.04% to ¥4.91 billion, which constituted 52.47% of total revenue, down from 74.07% in the previous year[79] Cash Flow and Investments - The net cash flow from operating activities surged to ¥2,521,654,332.62, marking a 1,022.05% increase from ¥224,735,833.26 in 2022[38] - The total cash inflow from operating activities for 2023 was ¥12,845,007,372.13, representing a 43.09% increase compared to ¥8,977,088,830.35 in 2022[114] - The total cash outflow from investment activities was ¥649,938,414.41, which is a 165.05% increase from ¥245,211,724.29 in 2022[114] - The net cash flow from financing activities was -¥1,294,760,752.94, a decrease of 9.66% compared to -¥1,180,715,189.42 in the previous year[114] Assets and Liabilities - The total assets at the end of 2023 were ¥19,523,594,247.33, a decrease of 2.63% from ¥20,050,396,487.83 at the end of 2022[38] - The total liabilities of the company as of December 31, 2023, amounted to ¥7,853,390,691.71, a decrease from ¥9,958,669,071.93 on January 1, 2023[172] - The company's total assets as of December 31, 2023, were ¥10,696,094,508.23, down from ¥12,168,919,150.66 at the beginning of the year[172] - The company's total equity as of December 31, 2023, was ¥2,842,703,816.52, up from ¥2,210,250,078.73 at the start of the year[172] Research and Development - Research and development expenses increased by 55.55% to ¥38,540,684.13, primarily due to increased spending by the subsidiary[93] - The company has a research and development personnel ratio of 4.46%, with a significant portion holding bachelor's degrees (31.65%) and master's degrees (19.05%)[106] - The company reported a significant increase in R&D personnel, with a total of 217 employees, marking a 35.63% increase from 160 in the previous year[120] Strategic Initiatives - The company plans to continue enhancing resource reserves and supply capabilities, particularly in Qinghai province[7] - The company is focusing on six efficiency improvements, which include production, technology, reform, management, policy, and investment enhancements[7] - The company plans to expand its market presence and enhance its product offerings in the upcoming fiscal year[38] - The company aims to enhance its competitive edge through technological innovations and market expansion strategies[118] International Operations - The company is actively developing overseas engineering projects and strengthening its international cooperation under the Belt and Road Initiative[7] - The company completed foreign contracting projects worth CNY 11,338.8 billion in 2023, representing a year-on-year growth of 8.8%[56] - New contracts signed for foreign engineering projects reached CNY 18,639.2 billion in 2023, with a year-on-year increase of 9.5%[56] Corporate Governance - The company plans to hold its first extraordinary general meeting of 2024, focusing on the approval of related party transactions and the repurchase of restricted stock from the 2022 incentive plan[137] - The audit committee held a total of 4 meetings during the reporting period, focusing on internal audit reports and financial budget approvals[157] - The company has proposed to appoint new executives and board members, indicating ongoing governance and leadership adjustments[157] Sustainability and ESG - The company plans to enhance its ESG initiatives and biodiversity protection efforts as part of its strategic recommendations[157] - The company is the first in China to use municipal reclaimed water in its zinc smelting process, showcasing its commitment to innovative and sustainable practices[61]