NFC(SZ:000758)2023-02-10 11:28Group 1: Company Overview and Strategic Positioning - China Nonferrous Metal Construction Co., Ltd. is positioned as an important lead-zinc resource platform within the China Nonferrous Group, focusing on resource development and expanding reserves [1][2]. - The company has developed two main business sectors: international engineering contracting and nonferrous metal mining and smelting, controlling three quality lead-zinc mines and one smelting plant, thus forming a complete industrial chain [2]. Group 2: Market and Business Development - The company is actively seeking to expand its resource development in response to rising prices in the nonferrous metal sector, indicating a strong profit margin potential [2]. - There are no current plans for lithium resources or new energy business, but the company is considering investments in other metal categories and focusing on its core business during market upcycles [2]. Group 3: Impact of COVID-19 and Future Outlook - The pandemic has affected the company's operations, particularly in terms of personnel movement, raw material procurement, and international project progress, but operations have remained stable under pandemic control measures [2]. - Adjustments in domestic pandemic management policies are expected to positively impact the company's production and operations in the current year [2]. Group 4: Technological Advancements and Collaborations - The company is investing in digital management and operation research for smart mining to enhance safety and operational efficiency [3]. - A joint venture with Qinghai State-owned Assets Investment Management Co., Ltd. has been established to participate in local mineral resource development, although no projects have been launched yet [4]. Group 5: Engineering Contracting Business - The company has confidence in its international engineering contracting business, with a strong pipeline of projects in Kazakhstan, Indonesia, Vietnam, and Congo, and is optimistic about future market development as pandemic conditions improve [5].