TMD(000762)

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西藏矿业(000762) - 2021 Q2 - 季度财报
2021-08-26 16:00
Financial Performance - The company's operating revenue for the first half of 2021 was CNY 226,399,375.95, representing a 59.74% increase compared to CNY 141,726,070.19 in the same period last year[27]. - The net profit attributable to shareholders of the listed company reached CNY 42,514,255.13, a significant turnaround from a loss of CNY 32,095,343.37 in the previous year, marking a 232.46% increase[27]. - The net cash flow from operating activities was CNY 163,911,397.13, up 1,366.30% from CNY 11,178,589.35 in the same period last year[27]. - Basic earnings per share were CNY 0.0816, compared to a loss of CNY 0.0616 per share in the previous year, reflecting a 232.47% improvement[27]. - The company's total operating revenue for the reporting period was ¥226,399,375.95, representing a year-on-year increase of 59.74% from ¥141,726,070.19[43]. - The net profit attributable to the parent company increased by 232.46% year-on-year, driven by significant price increases in key products and enhanced sales efforts[47]. - The company's gross profit margin for the mining and selection industry was 33.92%, reflecting a year-on-year increase of 23.98%[43]. - The company reported a net loss of CNY -106,268,606.82, an improvement from a loss of CNY -148,782,861.95 in the previous period[168]. Assets and Liabilities - Total assets at the end of the reporting period amounted to CNY 2,757,167,916.16, a 1.23% increase from CNY 2,723,615,043.59 at the end of the previous year[27]. - The total liabilities decreased to CNY 295,969,432.57 from CNY 310,942,980.09, showing a reduction of about 4.81%[165]. - The company's equity attributable to shareholders increased to CNY 2,059,427,869.42 from CNY 2,017,227,340.22, marking a growth of approximately 2.09%[168]. - The total current assets reached CNY 1,393,488,223.24, compared to CNY 1,344,864,086.51 at the end of 2020, indicating an increase of about 3.66%[162]. - The total non-current assets decreased slightly to CNY 1,363,679,692.92 from CNY 1,378,750,957.08, representing a decline of approximately 1.01%[162]. - The total cash and cash equivalents at the end of the first half of 2021 amounted to ¥1,142,391,195.45, down from ¥1,272,832,601.92 at the end of the first half of 2020[192]. Operational Highlights - The company has exclusive mining rights to the Zabuye Salt Lake, which is the world's third-largest lithium salt lake, with proven lithium reserves of 184.10 thousand tons[35]. - The annual production capacity of lithium concentrate from the Zabuye Salt Lake is approximately 7,000 tons[37]. - The company holds mining rights for the Robsa chrome ore mine, with an annual production capacity of approximately 30,000 tons and remaining exploitable reserves for 7-8 years[34]. - The company has increased its sales efforts, leading to a 17.86% rise in operating costs to ¥150,600,347.46, reflecting higher sales volumes[40]. Research and Development - The company plans to enhance its production processes through research and development, focusing on more efficient production methods[39]. - The company’s research and development expenses for the first half of 2021 were CNY 580,188.68, indicating ongoing investment in innovation[177]. Environmental and Social Responsibility - The company has implemented a poverty alleviation program, benefiting 473 households and 2,053 individuals, with 138 households identified as impoverished[86]. - A total of 120 skill training sessions were conducted, providing employment opportunities for 108 individuals in the local community[87]. - The company has ensured a 100% enrollment rate for school-age children in the four administrative villages it supports[88]. - The company has provided medical assistance to 249 impoverished households, ensuring low out-of-pocket expenses for hospital treatments[88]. - The company has established emergency response plans for environmental incidents, which have been filed with regulatory bodies[82]. - The company has maintained compliance with environmental regulations, with no administrative penalties reported during the reporting period[83]. Governance and Management - The company underwent a management restructuring, with several key personnel changes including the election of a new chairman and general manager[68]. - The company held three shareholder meetings during the reporting period, with investor participation rates of 22.64%, 22.18%, and 22.19% respectively[68]. - The company has not implemented any equity incentive plans or employee stock ownership plans during the reporting period[73]. Financial Management - The company approved the use of idle funds to purchase short-term financial products in June 2021[111]. - The company has not reported any major guarantees during the reporting period[117]. - The company has maintained a consistent approach to financial management with no reported impairments or overdue receivables[119].
西藏矿业(000762) - 2021 Q1 - 季度财报
2021-04-28 16:00
Financial Performance - The company's operating revenue for Q1 2021 was ¥136,124,079.55, representing a 139.77% increase compared to ¥56,771,760.81 in the same period last year[9] - The net profit attributable to shareholders was ¥20,077,021.18, a significant turnaround from a loss of ¥21,790,456.28 in the previous year, marking a 192.14% increase[9] - Basic earnings per share improved to ¥0.0385 from a loss of ¥0.0418, reflecting a 192.11% increase[9] - Operating income and operating costs increased by 139.77% and 81.64% year-on-year, respectively, due to increased sales efforts for self-produced lithium salt products[19] - Net profit attributable to the parent company increased by 192.14% year-on-year, driven by significant price increases in major products such as chromium iron ore and lithium salt[20] - The net profit for Q1 2021 was ¥24,769,976.45, a turnaround from a net loss of ¥25,080,811.60 in the previous year[63] - The total comprehensive income attributable to shareholders of the parent company was ¥20,077,021.18, a turnaround from a loss of ¥21,790,456.28 in the same period last year[67] Cash Flow - The net cash flow from operating activities reached ¥108,531,383.92, up 1,157.41% from ¥8,631,350.14 in the same period last year[9] - Net cash flow from operating activities increased by 1157.41% year-on-year, mainly due to increased cash received from sales and reduced cash paid for purchases[20] - The net cash flow from operating activities for the first quarter was CNY 64,093,661.85, a significant improvement compared to a net outflow of CNY 5,232,140.35 in the previous period[83] - The total cash inflow from operating activities was CNY 80,798,082.40, compared to CNY 6,646,884.40 in the previous year, indicating a substantial increase[83] - The total cash outflow for operating activities was CNY 16,704,420.55, which is higher than the previous year's outflow of CNY 11,879,024.75[83] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,714,289,876.36, a slight decrease of 0.34% from ¥2,723,615,043.59 at the end of the previous year[9] - The company's total assets as of March 31, 2021, amounted to ¥2,433,482,441.44, up from ¥2,399,966,943.83 at the end of 2020, reflecting a growth of approximately 1.4%[59] - Total liabilities decreased to ¥277,024,959.12 from ¥310,942,980.09, indicating a reduction of about 10.9%[49] - The total liabilities increased to ¥243,147,461.96 from ¥210,568,327.77, representing a rise of approximately 15.5%[59] - The company's total equity increased to ¥2,437,264,917.24 from ¥2,412,672,063.50, reflecting a growth of approximately 1.0%[52] - The total equity increased to ¥2,190,334,979.48 from ¥2,189,398,616.06, showing a slight growth of about 0.04%[59] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 61,607[12] - The largest shareholder, Tibet Mining Asset Management Co., Ltd., held 19.93% of the shares, amounting to 103,799,275 shares[12] - The company paid out ¥4,627,116.74 in dividends, compared to ¥658,652.78 in the previous period, reflecting a commitment to returning value to shareholders[79] Inventory and Receivables - Accounts receivable decreased by 71.48% compared to the beginning of the year, mainly due to the recovery of sales payments[19] - Inventory decreased by 30.45% compared to the beginning of the year, primarily due to the sale of inventory products[19] - Accounts receivable decreased significantly to ¥3,767,778.72 from ¥17,974,141.98, indicating a reduction of about 79.0%[43] - Inventory decreased to ¥177,511,869.30 from ¥253,502,540.24, reflecting a decline of approximately 30.0%[43] Financial Management - Financial expenses decreased by 83.38% year-on-year, mainly due to reduced interest income from bank deposits[19] - The company incurred a financial expense of -¥71,667.63, a decrease from -¥540,441.41 in the previous period, showing better cost management[72] - Credit impairment losses increased by 2190.45% year-on-year, mainly due to the provision for bad debts according to the company's accounting policy[20] - The company reported a decrease in credit impairment losses to -¥178,849.34 from -¥839,063.92 in the previous period, indicating improved asset quality[72] Investor Relations and Guidance - The company engaged in multiple communications regarding production and governance, indicating active investor relations efforts during the reporting period[39] - The company did not provide specific guidance or outlook for future performance during the conference calls, focusing instead on current operational metrics[39] Compliance and Reporting - The company did not undergo an audit for the first quarter report, which may affect the reliability of the financial data presented[87] - The company has not applied the new leasing standards for the current financial year, indicating a potential area for future compliance and reporting adjustments[87]
西藏矿业(000762) - 2020 Q4 - 年度财报
2021-04-20 16:00
Financial Performance - The company's operating revenue for 2020 was ¥382,985,096.17, a decrease of 41.68% compared to ¥656,640,531.62 in 2019[24]. - The net profit attributable to shareholders for 2020 was -¥48,516,677.64, representing a decline of 157.46% from ¥84,434,175.11 in 2019[24]. - The net cash flow from operating activities was ¥58,958,458.08, down 40.54% from ¥99,159,808.16 in the previous year[24]. - Total assets at the end of 2020 were ¥2,723,615,043.59, a decrease of 4.89% from ¥2,863,561,158.82 at the end of 2019[27]. - The net assets attributable to shareholders decreased by 2.09% to ¥2,017,227,340.22 at the end of 2020 from ¥2,060,186,967.30 at the end of 2019[27]. - The basic earnings per share for 2020 was -¥0.0932, a decline of 157.50% compared to ¥0.1621 in 2019[24]. - The diluted earnings per share also stood at -¥0.0932, reflecting the same percentage decline as basic earnings per share[24]. - The weighted average return on net assets was -2.38% in 2020, down from 4.18% in 2019, indicating a significant drop in profitability[24]. - The company reported a net profit attributable to shareholders after deducting non-recurring gains and losses of -¥55,025,907.85, which is an improvement of 38.24% compared to -¥89,091,525.24 in 2019[24]. - The total operating revenue for the year was approximately ¥383 million, with a quarterly breakdown of ¥56.77 million in Q1, ¥84.95 million in Q2, ¥117.22 million in Q3, and ¥124.04 million in Q4[30]. Production and Sales - In 2020, the company produced 66,554.10 tons of chromium ore, an increase of 9,778.97 tons or 17.22% year-on-year[48]. - The company sold 19,026.26 tons of self-produced chromium ore, a decrease of 6,165.06 tons or 24.47% year-on-year[48]. - The production volume of chromium increased to 113,414.11 tons, a 99.76% rise compared to 56,775.13 tons in 2019[66]. - The company reported a sales volume of 110,697.77 tons in 2020, a 74.29% increase from 63,515.01 tons in 2019[65]. Investments and Projects - The company plans to increase the production capacity of the Robsha South chromium ore mining project to 120,000 tons in 2021[49]. - The company is actively developing the geological environment protection and land reclamation project for the Robsha II mining area, with a total investment of 40.09 million yuan[49]. - The company has initiated the design work for the expansion project of the Robsha I and II mining areas, with an expected total investment of 70 million yuan[49]. - The total committed investment for the Zabuye Phase I technical transformation project is CNY 85.88 million, with 100% investment progress achieved[99]. - The total committed investment for the acquisition of the Robsha I and II mining rights is CNY 268.62 million, with 100% investment progress achieved[99]. Financial Management - The company reported a significant decrease in sales expenses, which fell by 71.76% to ¥4,392,352.77 in 2020, primarily due to the sale of subsidiaries in 2019[79]. - Research and development expenses increased to ¥1,256,485.10 in 2020, marking a 100% increase compared to the previous year, with a research investment rate of 0.33%[80]. - The company’s total cost of raw materials for chromium products was ¥107,839,029.58, accounting for 36.17% of the total operating costs in 2020, up from 30.31% in 2019[75]. - The company’s total procurement from the top five suppliers was ¥261,922,753.85, which accounted for 73.71% of the total annual procurement[79]. Environmental and Social Responsibility - Environmental protection expenditures amounted to CNY 18.112 million in 2020, contributing to the Robsha chromium mine being selected as a national green mine[52]. - The company achieved significant energy savings in 2020, including over 150 tons of raw coal, 3,850 liters of oil, and 1,530 tons of water[52]. - The company actively engaged in social responsibility initiatives, including poverty alleviation measures that benefited 108 individuals through job placements[178]. - A total of 120 skill training sessions were conducted, enhancing the employability of local laborers[178]. - The company implemented health assistance for 249 impoverished households, ensuring medical coverage and reducing out-of-pocket expenses[178]. Governance and Compliance - The company has committed to avoiding competition with Tibet Mining and will take necessary measures to prevent conflicts of interest[140]. - The company guarantees the independence of Tibet Mining's management and assets, ensuring no violations of fund or asset usage[137]. - The company has established an independent financial accounting system for Tibet Mining, ensuring separate bank accounts and financial decision-making[137]. - The company has committed to strictly adhering to legal regulations and company bylaws in exercising shareholder rights and avoiding conflicts during related transactions[140]. Future Outlook - The company aims to produce 130,000 tons of chromium ore and 7,000 tons of lithium concentrate in 2021, targeting a profit of 50 million yuan and revenue of 550 million yuan[117]. - The company plans to enhance its competitive edge by optimizing processes and expanding production capacity in its lithium and chromium business[117]. - The company is focused on building a smart supply chain for mineral resources and aims to become a leader in the comprehensive utilization of lithium and chromium resources[116].
西藏矿业(000762) - 2020 Q3 - 季度财报
2020-10-29 16:00
Financial Performance - Operating revenue for the reporting period was ¥117,217,245.05, down 47.39% year-on-year[9]. - Net profit attributable to shareholders was a loss of ¥9,827,472.32, representing a 46.19% increase in loss compared to the same period last year[9]. - Basic earnings per share were -¥0.0189, a decrease of 46.15% compared to the same period last year[9]. - The weighted average return on net assets was -0.49%, a decrease of 0.98% compared to the same period last year[9]. - Net profit attributable to the parent company decreased by 97.92% year-on-year, mainly due to the decline in lithium salt product prices and poor sales[26]. - The net profit for the current period is CNY -14,694,787.25, an improvement compared to CNY -20,892,793.88 in the previous period, indicating a reduction in losses of about 29.5%[74]. - The total profit for the current period is CNY -14,681,189.33, an improvement from CNY -20,988,583.96 in the previous period, reflecting a decrease in total losses of about 29.8%[74]. - The company's net profit for the current period is -57,226,418.38, compared to -29,401,426.66 in the previous period, indicating a significant increase in losses[85]. - The total profit for the current period is -57,212,820.46, compared to -29,289,092.21 in the previous period, reflecting a worsening financial position[85]. Cash Flow - Net cash flow from operating activities was ¥34,556,484.98, an increase of 287.20% compared to the same period last year[9]. - Cash flow from operating activities increased by 177.24% year-on-year, mainly due to a reduction in cash paid to employees and taxes[26]. - Cash inflow from investment activities totaled ¥311,462,622.57, with a net cash flow of ¥71,521,303.21, reversing from a negative cash flow in the previous period[102]. - Cash outflow from operating activities decreased significantly to ¥369,807,297.47 from ¥574,572,863.88, a reduction of 35.7%[100]. - Cash received from operating activities included ¥403,062,051.33 from sales, reflecting a decrease from ¥500,564,859.82 in the previous period[100]. - The company reported a significant reduction in cash paid to employees, totaling ¥63,837,469.81, down from ¥90,983,700.54[100]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,628,365,909.74, a decrease of 8.21% compared to the end of the previous year[9]. - The company's total assets decreased to CNY 2,309,606,525.65 from CNY 2,490,804,852.71 at the end of the previous year[63]. - The company's total liabilities decreased to CNY 222,379,107.03 from CNY 401,653,919.05, marking a significant reduction of about 44.6%[53]. - Current liabilities totaled CNY 329,015,234.48, with short-term borrowings at CNY 190,000,000.00 and accounts payable at CNY 48,864,206.63[116]. - Non-current liabilities reached CNY 72,638,684.57, including estimated liabilities of CNY 45,730,894.95[119]. - The company's total equity as of September 30, 2020, was CNY 2,405,986,802.71, down from CNY 2,461,907,239.77, representing a decrease of approximately 2.3%[56]. Shareholder Information - The top shareholder, Tibet Mining Development Group, holds 19.93% of the shares, with 46,200,000 shares pledged[13]. - The company has not conducted any repurchase transactions among the top ten shareholders during the reporting period[20]. Inventory and Receivables - Accounts receivable decreased by 73.17% compared to the beginning of the period, mainly due to the recovery of some sales payments[25]. - Other receivables decreased by 89.41% compared to the beginning of the period, mainly due to the receipt of equity transfer payments from the controlling shareholder[25]. - Inventory increased to CNY 234,349,651.61 from CNY 213,730,711.14, reflecting an increase of about 9.1%[47]. - The company's accounts receivable decreased significantly to CNY 26,027,082.20 from CNY 97,016,055.30, a decline of approximately 73.1%[47]. Operational Costs - Operating revenue and operating costs decreased by 41.19% and 37.53% year-on-year, respectively, primarily due to the continuous decline in lithium salt product prices and poor sales[25]. - The company's total operating costs for the current period are CNY 299,148,666.84, down from CNY 466,256,954.60 in the previous period, indicating a significant reduction in costs[82]. - The company reported a decrease in management expenses from CNY 64,998,953.18 in the previous period to CNY 54,251,866.13 in the current period, a reduction of approximately 16.4%[82]. Other Financial Metrics - The company reported non-operating income of ¥634,684.26 from government subsidies[9]. - The company has recognized an investment loss of CNY -118,973.76 for the current period, which is an improvement from CNY -217,407.42 in the previous period, indicating a reduction in investment losses[75]. - The company reported a credit impairment loss of 3,622,889.68, an increase from 2,206,499.64 in the previous period[85].
西藏矿业(000762) - 2020 Q2 - 季度财报
2020-08-27 16:00
西藏矿业发展股份有限公司 2020 年半年度报告全文 西藏矿业发展股份有限公司 2020 年半年度报告 2020-023 2020 年 08 月 1 西藏矿业发展股份有限公司 2020 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的 真实、准确、完整,不存在虚假记载、误导性陈述或重大遗漏,并承担个别和 连带的法律责任。 公司负责人曾泰、主管会计工作负责人张丽及会计机构负责人(会计主管人 员)巴桑顿珠声明:保证本半年度报告中财务报告的真实、准确、完整。 除下列董事外,其他董事亲自出席了审议本次半年报的董事会会议 未亲自出席董事姓名 未亲自出席董事职务 未亲自出席会议原因 被委托人姓名 张春霞 独立董事 因病 李双海 1、《中国证券报》、《证券时报》、《上海证券报》、《证券日报》和巨潮资讯 网(www.cninfo.com.cn)为公司选定的信息披露媒体,本公司所有信息均以在 上述选定媒体刊登的信息为准,敬请投资者注意投资风险。2、公司主营业务可 能存在受产品价格波动、行业周期性变化和客观不利条件影响的风险,敬请广 大投资者注意投资风险。 公司计划 ...
西藏矿业(000762) - 2020 Q1 - 季度财报
2020-04-29 16:00
Financial Performance - The company's operating revenue for Q1 2020 was ¥56,771,760.81, representing a 5.25% increase compared to ¥53,940,919.91 in the same period last year[9]. - The net profit attributable to shareholders was -¥21,790,456.28, a significant decrease of 8,460.49% from ¥260,636.21 in the previous year[9]. - The basic earnings per share were -¥0.0418, a decline of 8,460.00% compared to ¥0.0005 in the same period last year[9]. - The net profit for the current period was a loss of ¥25,080,811.60, compared to a loss of ¥3,045,836.33 in the previous period, indicating a significant decline in profitability[64]. - The total comprehensive loss for the current period was -¥25,080,811.60, compared to -¥3,045,836.33 in the previous period, highlighting a substantial increase in overall losses[66]. - The total net profit for the period was -8,110,925.35, compared to -3,444,637.91 in the previous period, indicating a significant increase in losses[72]. - The operating profit for the current period was reported at -¥24,295,891.10, compared to -¥2,673,032.16 in the previous period, indicating a worsening operational performance[64]. Cash Flow - The net cash flow from operating activities improved to ¥8,631,350.14, a 1,334.44% increase from -¥699,212.63 in the same period last year[9]. - Operating cash flow increased by 1334.44% year-on-year, mainly due to an increase in cash received from sales of goods and services[25]. - Cash flow from operating activities was 123,537,621.47, up from 80,707,717.08 in the previous period, showing a positive trend[76]. - Cash flow from investing activities generated a net inflow of 300,625,079.14, compared to a net outflow of -14,323,788.04 in the previous period[79]. - The company reported cash and cash equivalents at the end of the period amounting to 1,370,513,526.94, an increase from 1,328,801,430.32 in the previous period[82]. - The net increase in cash and cash equivalents for the period was $195.24 million, up from $68.37 million year-over-year[86]. - The ending balance of cash and cash equivalents reached $869.34 million, compared to $425.52 million at the end of the previous year[86]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,741,603,439.23, down 4.26% from ¥2,863,561,158.82 at the end of the previous year[9]. - The net assets attributable to shareholders decreased by 1.04% to ¥2,038,793,448.76 from ¥2,060,186,967.30 at the end of the previous year[9]. - Total liabilities decreased from 401,653,919.05 to 304,380,073.32, a decline of around 24.2%[48]. - Current liabilities decreased significantly from 329,015,234.48 to 231,741,388.75, a reduction of approximately 29.5%[48]. - Owner's equity decreased from 2,461,907,239.77 to 2,437,223,365.91, a decrease of about 1%[51]. - The company's total liabilities amounted to ¥202,780,192.88, down from ¥308,008,020.37, showing a reduction of approximately 34.3%[58]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 68,312[13]. - The largest shareholder, Tibet Mining Development Group, held 19.93% of the shares, amounting to 103,799,275 shares[14]. Expenses and Costs - Total operating costs increased to ¥68,807,363.17 from ¥61,068,082.21, reflecting a rise of about 12.6%[61]. - Sales expenses decreased by 70.66% year-on-year, mainly due to a reduction in corresponding sales expenses after the sale of the New Ding Hotel equity[24]. - Financial expenses decreased by 337.06% year-on-year, primarily due to a reduction in bank loans, resulting in lower interest expenses[24]. - Tax expenses decreased by 35.30% year-on-year, mainly due to a decrease in revenue from self-produced products[24]. Other Financial Metrics - The weighted average return on equity was -1.06%, down from 0.01% in the previous year[9]. - The company received government subsidies amounting to ¥90,651.59 during the reporting period[9]. - The company incurred a credit impairment loss of -839,063.92 during the reporting period[72]. - The company reported a financial expense of -¥540,441.41, a decrease from the previous period's expense of ¥73,858.27, indicating improved financial management[69]. Management and Reporting - The company did not apply the new revenue and leasing standards for the first quarter of 2020[87]. - The first quarter report was not audited[89]. - The chairman of the company is Zeng Tai[90].
西藏矿业(000762) - 2019 Q4 - 年度财报
2020-04-21 16:00
Financial Performance - The company's operating revenue for 2019 was CNY 656,640,531.62, representing a 31.40% increase compared to CNY 499,737,129.83 in 2018[23] - The net profit attributable to shareholders in 2019 was CNY 84,434,175.11, a significant recovery from a loss of CNY 180,968,278.00 in 2018, marking a 146.66% improvement[23] - The net cash flow from operating activities reached CNY 99,159,808.16, a 262.87% increase from a negative cash flow of CNY 60,882,665.91 in the previous year[23] - Basic earnings per share for 2019 were CNY 0.1621, compared to a loss of CNY 0.3475 per share in 2018, reflecting a 146.65% increase[23] - The company reported a net profit excluding non-recurring gains and losses of CNY -89,091,525.24, an improvement of 46.08% from CNY -165,219,910.08 in 2018[23] Assets and Liabilities - Total assets at the end of 2019 amounted to CNY 2,863,561,158.82, a 2.20% increase from CNY 2,801,989,820.00 at the end of 2018[24] - The net assets attributable to shareholders increased by 4.27% to CNY 2,060,186,967.30 from CNY 1,975,743,590.98 in 2018[24] - Fixed assets decreased by 23.79% and intangible assets decreased by 9.44% due to the sale of subsidiaries during the reporting period[42] - The cumulative distributable profit for the parent company as of December 31, 2019, was -¥111,588,583.16, indicating ongoing financial challenges[117] Dividend Policy - The company plans not to distribute cash dividends or issue bonus shares for the year[6] - The company has not distributed any cash dividends in the years 2017, 2018, and 2019, with a cash dividend payout ratio of 0.00% for each year[119] - The company plans to use undistributed profits for daily operational funding, as it does not meet the conditions for cash dividends according to its articles of association[120] Market and Production - The company holds exclusive mining rights to the Zabuye Salt Lake, which has proven lithium reserves of 184.10 thousand tons, making it the largest lithium salt lake in Asia[36] - The annual production capacity of lithium concentrate from the Zabuye Salt Lake is approximately 5,000 tons[36] - The company has a mining capacity of around 30,000 tons of chrome ore annually, with remaining exploitable reserves expected to last 7-8 years[36] - The company sold 25,191.32 tons of chrome ore, an increase of 170.05% year-on-year, and 654.40 tons of lithium hydroxide, which saw a significant increase of 259.46%[45] - The company plans to produce 10,600 tons of chromium ore with a grade of over 45% in 2020, aiming to maximize the value of its resources[107] - The company expects to produce 5,000 tons of lithium concentrate with a grade of over 60% and moisture content below 10% in 2020[107] Challenges and Risks - The company emphasizes the risks associated with product price fluctuations and industry cyclicality, urging investors to be cautious[5] - The company anticipates challenges in the chrome market in the first half of 2020, with potential improvements in the second half[49] - The company has identified a significant increase in operational challenges due to the COVID-19 pandemic, impacting its overall business performance[105] Environmental and Social Responsibility - The company emphasizes a commitment to environmental protection and has achieved zero safety and environmental control indicators for the year 2019[179] - The company has invested CNY 15.98 million in environmental protection efforts, including quarterly monitoring of the mining and selection areas[187] - The company has established a wastewater recovery facility with a daily processing capacity of 150 cubic meters, ensuring all production wastewater is recycled[187] - The company has actively engaged in social responsibility initiatives, including poverty alleviation efforts benefiting 32 households in specific villages[179] Corporate Governance - The company has made significant efforts to protect the rights and interests of minority shareholders, ensuring their voices are heard in corporate governance[175] - The company has established a robust information disclosure system to ensure transparency and protect investor interests[176] - The company has committed to strictly adhere to the regulations regarding related party transactions to protect the interests of minority shareholders[132] Investment and Fund Utilization - The total amount of raised funds is 162,627.06 million CNY, with 78,621.07 million CNY already utilized[88] - The company has 44,474.78 million CNY of raised funds that have not yet been used, which are stored in a dedicated account[88] - The company has returned CNY 260 million of idle raised funds to the special account for raised funds to improve fund utilization efficiency[94] Subsidiaries and Equity Transactions - The company sold 95.82% equity of Xizang Xinding Mining Hotel Co., Ltd. for a cash transaction valued at approximately 13,949.23 million CNY[155] - The company also sold 100% equity of Nimu County Copper Development Co., Ltd. for a cash transaction valued at approximately 3,392.86 million CNY[155] - The total investment income from these two equity transfers amounted to approximately 17,342.09 million CNY[159] Compliance and Internal Controls - The company has implemented a comprehensive internal control system to monitor key projects and ensure orderly progress at critical milestones[175] - The company has maintained compliance with its commitments regarding profit distribution and capital management throughout the reporting period[121] - The company reported no significant prior period accounting errors that required restatement during the reporting period[141]
西藏矿业(000762) - 2019 Q3 - 季度财报
2019-10-29 16:00
Financial Performance - Operating revenue for the reporting period reached CNY 222,787,080.39, representing an increase of 22.37% year-on-year[8] - Net profit attributable to shareholders was CNY -18,261,894.72, a decline of 52.39% compared to the same period last year[8] - Basic earnings per share were CNY -0.0351, a decrease of 52.31% compared to the previous year[8] - The weighted average return on net assets was -0.93%, compared to 0.92% in the previous year[8] - Investment income grew by 118.66% year-on-year, mainly due to profits from long-term equity investments accounted for using the equity method[23] - Net profit attributable to the parent company decreased losses by 71.98% year-on-year, driven by enhanced sales efforts and market channel expansion for chrome ore and lithium salt products[23] - The company reported a net loss of CNY -205,578,445.03, compared to a loss of CNY -184,396,516.23 in the previous year[43] - The company reported a decrease in investment income, with losses of CNY 217,407.42 compared to losses of CNY 849,232.79 in the previous year[53] - The total comprehensive income for the current period was ¥1,445,107.53, a significant improvement from a total comprehensive loss of ¥8,999,381.43 in the previous period[60] Cash Flow - The net cash flow from operating activities was CNY -59,213,516.26, down 24.45% year-on-year[8] - Cash flow from investing activities decreased by 244.42% year-on-year, primarily due to increased cash payments for fixed assets and other long-term assets[23] - Cash flow from financing activities increased by 87% year-on-year, mainly due to reduced cash payments for debt repayment[23] - The net cash flow from operating activities was -59,213,516.26 CNY, compared to -47,581,736.87 CNY in the previous period, indicating a decline in operational cash generation[77] - The total cash outflow from operating activities was 182,545,268.99 CNY, compared to 139,021,445.63 CNY in the previous period, indicating increased operational expenses[79] - The cash inflow from sales of goods and services was 83,724,564.79 CNY, significantly higher than the previous period's 39,501,205.00 CNY, reflecting improved sales performance[79] Assets and Liabilities - Total assets at the end of the reporting period amounted to CNY 2,766,276,046.84, a decrease of 1.27% compared to the end of the previous year[8] - Non-current assets totaled CNY 1,137,559,419.60, an increase from CNY 1,105,719,412.26 year-over-year[39] - Total liabilities were CNY 396,696,964.22, slightly down from CNY 403,935,287.83 year-over-year[41] - Current liabilities decreased to CNY 344,839,174.60 from CNY 352,077,498.21 year-over-year[41] - Owner's equity totaled CNY 2,369,579,082.62, a decrease from CNY 2,398,054,532.17 year-over-year[43] - Cash and cash equivalents were CNY 201,217,951.74, down from CNY 357,145,887.80 year-over-year[44] - Inventory decreased to CNY 3,085,434.91 from CNY 17,765,196.23 year-over-year[44] - Total liabilities decreased to CNY 266,211,354.90 from CNY 277,126,518.35, a reduction of approximately 3.3%[50] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 71,296[12] - The largest shareholder, Tibet Mining Development General Company, held 19.93% of the shares, totaling 103,799,275 shares[12] Government Support and Strategic Developments - The company received government subsidies amounting to CNY 1,889,316.24 during the reporting period[8] - There were no significant changes in the company's strategy or new product developments reported during this period[21] - The company aims to expand its market presence and enhance product development strategies moving forward, although specific figures were not disclosed in the report[62] Operational Costs - Operating costs increased by 31.16% year-on-year, primarily due to the processing of some chrome ore into high-carbon ferrochrome for sale[22] - Total operating costs for Q3 2019 were CNY 238,419,986.68, up 84.6% from CNY 129,098,703.34 year-over-year[51] - Total operating costs for the year-to-date period amounted to ¥466,256,954.60, compared to ¥384,012,991.04 in the previous year, which is an increase of about 21.5%[63]
西藏矿业(000762) - 2019 Q2 - 季度财报
2019-08-21 16:00
Financial Performance - The company's operating revenue for the first half of 2019 was CNY 217,512,839.09, a decrease of 7.46% compared to CNY 235,039,532.70 in the same period last year[20]. - The net profit attributable to shareholders of the listed company was a loss of CNY 2,920,034.08, an improvement of 92.16% from a loss of CNY 37,234,816.19 in the previous year[20]. - The basic earnings per share were reported at -0.0056, showing a 92.17% improvement from -0.0715 in the previous year[20]. - The net profit for the first half of 2019 was a loss of CNY 8,508,632.78, compared to a loss of CNY 32,915,296.53 in the first half of 2018, indicating an improvement in performance[160]. - The company's total equity as of June 30, 2019, was CNY 2,390,136,063.19, down from CNY 2,398,054,532.17, reflecting a decrease of approximately 0.34%[150]. - The total comprehensive income for the period decreased by 91,475.32, resulting in a total of 4,319,519.66[187]. Cash Flow and Liquidity - The net cash flow from operating activities was a negative CNY 51,260,402.97, which represents a decline of 102.66% compared to a negative CNY 25,293,945.69 in the same period last year[20]. - The company's cash and cash equivalents decreased by 32.44% to -¥89,078,745.17, mainly due to reduced cash payments for bank loans[41]. - The ending cash and cash equivalents balance was CNY 1,156,103,463.60 as of the end of the first half of 2019, down from CNY 1,321,094,116.00 at the end of the first half of 2018[173]. - The net cash flow from operating activities was -73,599,051.68 CNY, compared to -71,845,228.01 CNY in the previous period, indicating a slight increase in cash outflow[176]. - The company is focusing on improving cash flow management and reducing cash outflows in future periods[176]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,773,016,726.24, a decrease of 1.03% from CNY 2,801,989,820.00 at the end of the previous year[20]. - The total liabilities decreased to CNY 382,880,663.05 from CNY 403,935,287.83, a reduction of about 5.20%[150]. - The company's total current assets decreased to CNY 1,657,370,707.93 from CNY 1,696,270,407.74, representing a decline of about 2.29%[146]. - The company's total liabilities at the end of the current period were CNY 1,572,089,670.62[197]. Production and Sales - The company produced 19,019.48 tons of chrome ore, 473.30 tons of industrial-grade lithium carbonate, and 581.284 tons of lithium hydroxide during the reporting period[40]. - The company sold 5,507 tons of chrome ore, 678.98 tons of industrial-grade lithium carbonate, 376.30 tons of lithium hydroxide, 78.03 tons of battery-grade lithium carbonate, and 3,992.25 tons of high-carbon ferrochrome[40]. - The company achieved operating revenue of RMB 217.51 million and a net profit attributable to shareholders of RMB -2.92 million for the first half of 2019[40]. Environmental Compliance - The company is classified as a key pollutant discharge unit by environmental protection authorities[84]. - The total chemical oxygen demand (COD) discharge for the company is 0.336 tons for the first half of the year, well below the annual limit of 5.5 tons[85]. - The company has not reported any environmental pollution incidents during the first half of the year[89]. - The company received administrative penalties totaling ¥578,000 and ¥29,900 for environmental violations, including failure to construct required facilities and exceedance of emission standards[93]. - The company has implemented corrective measures such as site modifications, maintenance, and enhanced environmental awareness following the penalties[95]. Corporate Governance and Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares[6]. - The first extraordinary general meeting of 2019 had an investor participation rate of 22.21%[61]. - The total number of common shareholders at the end of the reporting period was 74,977[115]. - The largest shareholder, Tibet Mining Development Co., Ltd., holds 19.93% of shares, totaling 103,799,275 shares[115]. - The company announced the resignation of senior management on August 3, 2019, indicating potential changes in leadership[102]. Strategic Initiatives - The company is actively expanding sales channels for chrome ore and increasing the sales of self-produced lithium salt products to mitigate market downturns[40]. - The company plans to enhance production and sales efficiency in response to market challenges, including price declines in chromium and lithium products[58]. - The company has engaged third-party agencies for environmental impact assessments and monitoring to ensure compliance with regulations[91].
西藏矿业(000762) - 2019 Q1 - 季度财报
2019-04-29 16:00
Financial Performance - The company's operating revenue for Q1 2019 was ¥53,940,919.91, a decrease of 40.66% compared to ¥90,897,101.55 in the same period last year[8] - The net profit attributable to shareholders was ¥260,636.21, representing a significant turnaround from a loss of ¥17,682,138.23 in the previous year, marking a 101.47% increase[8] - The net cash flow from operating activities was -¥699,212.63, down 85.70% from -¥4,889,192.39 in the same period last year[8] - Operating revenue and operating costs decreased by 40.66% and 51.38% year-on-year, respectively, due to increased sales of self-produced lithium salt products and adjustments in trading operations[22] - Net profit attributable to the parent company increased by 101.47% year-on-year, driven by enhanced sales strategies and the recovery of overdue accounts receivable[23] - Net cash flow from operating activities increased by 85.70% year-on-year, mainly due to a reduction in cash paid for purchasing goods and services[23] - The company reported a net loss of CNY 184,135,880.02 as of March 31, 2019, slightly improved from a loss of CNY 184,396,516.23 at the end of 2018[44] - The net profit for Q1 2019 was a loss of CNY 3,045,836.33, an improvement from a loss of CNY 21,336,100.68 in the previous year[52] - The net profit for Q1 2019 was -3,444,637.91 CNY, a decrease from -5,851,006.67 CNY in the same period last year, showing an improvement of about 41.0%[56] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,873,686,551.74, an increase of 2.56% from ¥2,801,989,820.00 at the end of the previous year[8] - The total current assets increased to CNY 1,768,231,457.10 as of March 31, 2019, compared to CNY 1,696,270,407.74 at the end of 2018, reflecting a growth of approximately 4.2%[42] - Total liabilities increased to CNY 478,311,422.43 as of March 31, 2019, from CNY 403,935,287.83 at the end of 2018, reflecting a rise of about 18.4%[43] - The company's total liabilities increased to CNY 375,397,235.10 from CNY 277,126,518.35, reflecting a rise of 35.5%[50] - The total assets amounted to 2,801,989,820.00 CNY, with current assets at 1,696,270,407.74 CNY and non-current assets at 1,105,719,412.26 CNY[66] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 78,179[11] - The largest shareholder, Tibet Mining Development Group, held 19.93% of the shares, with a total of 103,799,275 shares[11] - The company's equity attributable to shareholders was CNY 1,976,370,660.66 as of March 31, 2019, slightly up from CNY 1,975,743,590.98 at the end of 2018[44] - Total equity decreased slightly to CNY 2,290,944,679.46 from CNY 2,294,389,317.37, a decline of 0.2%[50] Cash Flow and Financing - Cash inflow from sales of goods and services was 74,265,855.71 CNY, down from 170,138,911.15 CNY in the previous year, representing a decline of approximately 56.4%[60] - Cash outflow for operating activities totaled 81,406,929.71 CNY, compared to 178,440,633.06 CNY in the same period last year, indicating a reduction of about 54.4%[61] - The company raised 100,000,000.00 CNY through borrowings in Q1 2019, which was a new financing strategy to improve liquidity[62] - The net cash increase for the period was 83,619,221.55 CNY, contrasting with a decrease of -108,354,562.56 CNY in the previous year, marking a positive turnaround[62] - The net cash flow from financing activities was 98,642,222.22 CNY, after cash inflows of 100,000,000.00 CNY and outflows of 1,357,777.78 CNY[65] Operational Efficiency and Strategy - The company is focusing on improving operational efficiency to mitigate losses in future quarters[54] - The company has not reported any new product launches or technological advancements during this quarter[54] - There were no significant market expansions or mergers and acquisitions mentioned in the report[54] Accounting and Reporting Changes - The company adjusted its financial reporting to reflect new accounting standards effective from January 1, 2019, impacting the classification of certain investments[69] - The company adopted new financial instrument standards effective January 1, 2019, impacting financial statement presentation[75] - The company has not audited its first-quarter report[76]