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江西铜业(600362) - 2018 Q2 - 季度业绩预告
2018-07-27 16:00
Financial Performance - The company expects a net profit attributable to shareholders for the first half of 2018 to increase by CNY 415 million to CNY 664 million, representing a year-on-year growth of 50% to 80%[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses is projected to increase by CNY 83 million to CNY 332 million, with a year-on-year increase of 13.34% to 53.38%[6] - The net profit for the first half of 2017 was restated to CNY 829 million, which is approximately CNY 1.496 million lower than previously reported[4] - The expected earnings per share for the first half of 2018 is CNY 0.24 per share[7] Profit Drivers - The primary reason for the profit increase is the year-on-year rise in prices of major metal products[8] Forecast Accuracy - There are no significant uncertainties affecting the accuracy of this profit forecast[9] - The forecast data is preliminary and the final financial data will be disclosed in the official half-year report[10]
江西铜业(600362) - 2017 Q4 - 年度业绩预告
2018-01-30 16:00
Financial Performance Forecast - The company expects a net profit attributable to shareholders for 2017 to increase by 788 million to 1.024 billion yuan, representing a year-on-year increase of 100%-130%[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses is expected to increase by 666 million to 1.009 billion yuan, a year-on-year increase of 47.99%-72.69%[5] - The net profit for the previous year was 788 million yuan, and the net profit after deducting non-recurring gains and losses was 1.388 billion yuan[6] Performance Drivers - The increase in performance is primarily driven by the rise in prices of major metal products compared to the previous year[8] Non-Recurring Gains and Losses - The company has accounted for changes in income tax rates and recognized asset impairment and losses as part of non-recurring gains and losses[8] Forecast Accuracy and Risks - There are no significant uncertainties affecting the accuracy of this performance forecast[9] - The forecast data is preliminary and the final audited financial data will be disclosed in the official 2017 annual report[10] - The company emphasizes the importance of investors being aware of investment risks[10] Announcement Details - The announcement was made by the board of directors on January 30, 2018[12]
江西铜业(600362) - 2017 Q3 - 季度业绩预告
2017-10-16 16:00
Financial Performance - For the first three quarters of 2017, the net profit attributable to shareholders is expected to increase by 50%-70% compared to the same period last year[2] - The net profit for the same period last year was approximately 988.29 million yuan[3] - The earnings per share for the same period last year was 0.29 yuan per share[3] - The main reason for the profit increase is the rise in prices of major metal products compared to the previous year[4] Audit and Risk Disclosure - The data provided is preliminary and has not been audited by registered accountants[5] - Investors are advised to pay attention to investment risks as the final financial data will be disclosed in the official third-quarter report[5]
江西铜业(600362) - 2017 Q2 - 季度业绩预告
2017-07-26 16:00
Financial Performance - The company expects a net profit attributable to shareholders for the first half of 2017 to increase by 60%-80% compared to the same period last year[2] - The net profit for the same period last year was 473,376,745 yuan[3] - The earnings per share for the same period last year was 0.14 yuan per share[3] Profit Drivers - The primary reason for the profit increase is the year-on-year rise in prices of major metal products[4] Reporting Status - The financial data provided is preliminary and subject to final confirmation in the official half-year report[5]
江西铜业(600362) - 2017 Q1 - 季度业绩预告
2017-04-07 16:00
Financial Performance - The company expects a net profit attributable to shareholders for Q1 2017 to increase by 140%-160% compared to the same period last year [2]. - The net profit for the same period last year was 201,371,672 yuan [3]. - The earnings per share for the same period last year was 0.06 yuan per share [3]. - The primary reason for the profit increase is the year-on-year rise in prices of major metal products [4]. Financial Reporting - The financial data provided is preliminary and has not been audited by registered accountants [5]. - The official financial data will be disclosed in the formal Q1 2017 report [5]. - Investors are advised to pay attention to investment risks related to the preliminary data [5].
江西铜业(600362) - 2016 Q4 - 年度业绩预告
2017-01-24 16:00
Financial Performance Expectations - The company expects a net profit attributable to shareholders for 2016 to increase by 40% to 60% compared to the previous year[3] - The net profit for the previous year was 637,218,130 yuan[4] - The earnings per share for the previous year was 0.18 yuan per share[4] Factors Influencing Performance - The increase in performance is attributed to enhanced internal cost control and rising prices of gold and silver products[5] Financial Data Disclaimer - The financial data provided is preliminary and subject to final audit in the 2016 annual report[6]
江西铜业(600362) - 2015 Q4 - 年度业绩预告
2016-01-29 16:00
Financial Performance - The estimated net profit attributable to shareholders for 2015 is expected to decrease by 60% to 80% compared to the previous year[2] - The net profit for the previous year was 2,850,649,245 yuan[3] - The earnings per share for the previous year was 0.82 yuan[3] Reasons for Profit Reduction - The primary reason for the profit reduction is the continuous decline in international commodity prices, leading to a significant drop in sales prices of copper and gold products[4] - The gross profit margin has decreased substantially due to the drop in product prices[4] Forecast and Auditing - The forecasted data is preliminary and has not been audited by registered accountants[2] - The official audited financial data will be disclosed in the company's annual report[5] Investment Advisory - Investors are advised to pay attention to investment risks based on the preliminary estimates[5] Reporting Period - The performance forecast period is from January 1, 2015, to December 31, 2015[2] - The announcement was made by the Board of Directors on January 29, 2016[7]
江西铜业(600362) - 2014 Q3 - 季度财报
2014-10-28 16:00
Financial Performance - Net profit attributable to shareholders decreased by 5.89% to CNY 2.32 billion compared to the same period last year[9]. - Operating revenue for the first nine months rose by 11.74% to CNY 147.43 billion compared to the same period last year[8]. - The basic earnings per share decreased by 5.63% to CNY 0.67[9]. - Total profit for the first nine months of 2023 was ¥3.25 billion, an increase of 4.1% from ¥3.12 billion in the same period last year[47]. - Net profit for Q3 2023 was ¥1.16 billion, a decrease of 12.4% compared to ¥1.32 billion in Q3 2022[47]. - Basic earnings per share for Q3 2023 were ¥0.32, down from ¥0.35 in Q3 2022[47]. Cash Flow - Net cash flow from operating activities increased by 54.81% to CNY 4.52 billion compared to the same period last year[8]. - Cash flow from operating activities for the first nine months of 2023 was ¥4.52 billion, significantly higher than ¥2.92 billion in the same period last year[53]. - Net cash flow from investing activities decreased by RMB 19.62 billion, totaling RMB -2.76 billion, primarily due to reduced cash inflows from short-term investments[30]. - The company reported a net cash flow from financing activities of -CNY 1,623,526,609 for the first nine months of 2014, worsening from -CNY 461,339,452 in the same period last year[56]. Assets and Liabilities - Total assets increased by 5.44% to CNY 93.59 billion compared to the end of the previous year[8]. - Total liabilities increased to ¥47.19 billion from ¥43.13 billion, marking an increase of approximately 9.5%[38]. - Current assets rose to ¥64.33 billion, up from ¥60.76 billion, indicating an increase of about 4.3%[36]. - The company's equity increased to ¥46.41 billion from ¥45.64 billion, reflecting a growth of about 1.7%[38]. Investments and Expenses - Financial expenses surged by 148.43%, from RMB 215.67 million to RMB 535.80 million, driven by increased bank borrowings and rising financing costs[23]. - Investment properties rose by 103.60%, from RMB 174.84 million to RMB 355.98 million, due to the conversion of self-used buildings to rental properties[17]. - Long-term investments rose to ¥3.11 billion from ¥2.68 billion, a growth of approximately 15.9%[36]. - Fair value changes in earnings skyrocketed by 1531.49%, from RMB 28.73 million to RMB 468.75 million, mainly due to gains from non-hedging commodity futures contracts[24]. Shareholder Information - The number of shareholders reached 187,548 by the end of the reporting period[13]. - Jiangxi Copper Group Company holds 40.40% of the shares, with a decrease of 310,000 shares during the reporting period[13]. Government Support - The company received government subsidies amounting to CNY 48.76 million for the first nine months[11].
江西铜业(600362) - 2014 Q2 - 季度财报
2014-08-27 16:00
Financial Performance - The company's operating revenue for the first half of 2014 was CNY 92.94 billion, an increase of 5.64% compared to CNY 87.97 billion in the same period last year[22]. - The net profit attributable to shareholders for the first half of 2014 was CNY 1.20 billion, a decrease of 3.55% from CNY 1.24 billion in the previous year[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 483.23 million, down 57.66% from CNY 1.14 billion in the same period last year[22]. - The net cash flow from operating activities increased by 84.35% to CNY 4.06 billion, compared to CNY 2.20 billion in the same period last year[22]. - The total assets at the end of the reporting period were CNY 96.33 billion, an increase of 8.52% from CNY 88.77 billion at the end of the previous year[22]. - The net assets attributable to shareholders at the end of the reporting period were CNY 44.11 billion, a slight decrease of 0.92% from CNY 44.52 billion at the end of the previous year[22]. - The basic earnings per share for the first half of 2014 were CNY 0.35, a decrease of 2.78% from CNY 0.36 in the same period last year[24]. - The weighted average return on net assets was 2.70%, down 0.2 percentage points from 2.90% in the previous year[24]. - The company reported a total of CNY 713.11 million in non-recurring gains and losses for the reporting period[28]. - The average copper price during the first half was USD 6,912 per ton, down 8.3% compared to the previous year[33]. - Operating costs increased to RMB 90,393,434,774, reflecting a rise of RMB 5,905,039,051 or 6.99% from the previous year[35]. - Financial expenses surged to RMB 396,738,459, an increase of RMB 233,012,925 or 143.81% year-on-year, primarily due to increased borrowing and rising financing costs[35]. Cash Flow and Investments - The net cash flow from operating activities was RMB 4,060,581,042, up 84.35% compared to the previous year[35]. - The company reported a significant increase in prepayments, which rose to RMB 4.29 billion from RMB 3.53 billion, indicating a growth of approximately 21.5%[109]. - The company reported an increase in investment income to RMB 688.15 million from RMB 47.63 million, a substantial rise of approximately 1,442.5%[121]. - The net cash flow from investment activities was negative at RMB (2,566,486,140), worsening from RMB (1,181,394,919) year-over-year[126]. - Cash inflow from financing activities totaled RMB 17,323,708,449, up from RMB 15,644,289,899, indicating a growth of 10.8%[126]. - The company reported a net profit of RMB 1,196,342,826 for the period, contributing to a total equity of RMB 44,111,390,725[132]. Revenue Breakdown - Revenue from cathode copper increased by RMB 1.170 billion (2.21%), but operating profit decreased by RMB 509 million (-40.18%) due to falling prices[47]. - Revenue from silver decreased by RMB 187 million (-12.87%), while operating profit increased by RMB 147 million (270.40%) due to increased sales volume[49]. - Revenue from chemical products fell by RMB 413 million (-40.43%), with operating profit decreasing by RMB 195 million (-62.93%) due to price declines[49]. - Total revenue from mainland China was RMB 81.92 billion, reflecting a year-on-year increase of 3.99%[52]. Shareholder Information - The total number of shareholders at the end of the reporting period was 190,367, with the largest shareholder, Jiangxi Copper Group, holding 40.41% of the shares[88]. - Jiangxi Copper Group's shareholding remained unchanged during the reporting period, with a total of 1,399,249,325 shares[88]. - The company declared a dividend of 0.5 RMB per share to all shareholders, which was distributed on July 31, 2014[68]. - The company commits to distributing at least 10% of the distributable profits as cash dividends each year, provided that profits are positive and cash flow supports normal operations[81]. Related Party Transactions - Jiangxi Copper Company reported a total of RMB 1,592,131,297 in related party transactions during the reporting period[76]. - The company engaged in transactions with its affiliate Zhejiang Hedong Copper Industry Co., Ltd. amounting to RMB 152.63 million and with Jiangxi Jiang Copper Baotai Environmental Technology Co., Ltd. for RMB 1.28 million[77]. - The pricing principles for related party transactions are based on national pricing, industry pricing, market prices, and cost plus tax[77]. Financial Governance and Compliance - The company has complied with the cash dividend distribution commitments as per the regulations and its articles of association[84]. - The company has not faced any penalties or corrective actions from the China Securities Regulatory Commission during the reporting period[83]. - The company has maintained a strong governance structure in accordance with relevant laws and regulations, enhancing its management and investor relations[84]. Asset and Liability Management - The company's total liabilities increased to RMB 51.13 billion from RMB 43.13 billion, representing a rise of about 18.6%[112]. - Current assets reached RMB 67.19 billion, up from RMB 60.76 billion, indicating an increase of approximately 10.5%[109]. - The total equity attributable to shareholders decreased slightly to RMB 44.11 billion from RMB 44.52 billion, a decline of approximately 0.9%[112]. - Inventory levels decreased to RMB 14.24 billion from RMB 14.68 billion, a reduction of about 3.0%[109]. Operational Insights - The company plans to enhance internal management, strengthen cost control, and improve operational efficiency to safeguard performance in the second half of the year[45]. - The company expects commodity prices to stabilize due to government measures, but anticipates downward pressure on copper prices from increased supply and exports from Indonesia[44]. - The production of cathode copper reached 569,000 tons, a year-on-year increase of 1.83%, while gold production was 13,183 kg, up 3.80%[43]. Accounting and Financial Reporting - The company continues to operate under the accounting standards set by the Ministry of Finance, ensuring compliance with financial reporting regulations[145]. - The financial statements prepared by the company comply with the requirements of the enterprise accounting standards, accurately reflecting the financial position and operating results for the period from January 1, 2014, to June 30, 2014[147]. - The company and its domestic subsidiaries use Renminbi as their functional currency, while subsidiaries in Hong Kong, Singapore, and Turkey use Hong Kong Dollar, US Dollar, and Turkish Lira respectively[149].