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西藏矿业(000762) - 2014 Q2 - 季度财报
2014-07-31 16:00
Financial Performance - The company achieved total operating revenue of CNY 242,291,820.69, an increase of 13.30% compared to the same period last year[19]. - The net profit attributable to shareholders was CNY -17,084,940.94, a decrease of 180.29% year-on-year[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -22,946,333.78, a decline of 211.22% compared to the previous year[19]. - The basic earnings per share were CNY -0.0359, down 180.31% year-on-year[19]. - The company reported a net loss of CNY 21,636,672.22, compared to a net profit of CNY 17,775,799.75 in the previous period[120]. - The net profit for the period is CNY -21,636,672.22, reflecting a significant loss compared to the previous year's profit[132]. Assets and Liabilities - The company's total assets reached CNY 3,318,008,253.90, reflecting a growth of 28.06% from the end of the previous year[19]. - The total assets increased from CNY 2,590,986,215.12 at the beginning of the period to CNY 3,318,008,253.90 at the end, representing a growth of approximately 28.1%[115]. - Total liabilities increased from CNY 486,108,045.38 to CNY 1,250,118,236.40, which is an increase of approximately 157.5%[114]. - The company's total liabilities reached CNY 1,011,351,552.83, compared to CNY 392,434,775.55 in the previous period, indicating a growth of 157.9%[118]. - The total current liabilities increased significantly from CNY 450,848,045.38 to CNY 1,203,388,236.40, an increase of approximately 166.5%[114]. Cash Flow - The company reported a negative cash flow from operating activities of CNY -5,268,701.55, an improvement from CNY -85,807,692.82 in the previous year[19]. - The net cash flow from operating activities improved to -$5.27 million from -$85.81 million, driven by increased sales receipts and reduced purchase payments[29]. - The net cash flow from financing activities surged by 352.86% to $201.00 million, mainly due to increased bank borrowings[29]. - The cash inflow from operating activities was 349,198,458.84 CNY, an increase from 309,315,930.29 CNY in the previous period[126]. - The company received 938,690,000.00 CNY in borrowings, a significant rise from 53,000,000.00 CNY in the previous period[127]. Investments and Projects - The total amount of raised funds is CNY 117,415.64 million, with CNY 798.48 million invested during the reporting period[44]. - The investment progress for the Zhabuye Phase I technical renovation project is 100%, with a total commitment of CNY 8,587.95 million[47]. - The Zhabuye Salt Lake Phase II project has only achieved 7.92% of its investment progress, with CNY 2,687.31 million invested out of CNY 33,910.45 million committed[47]. - The company plans to optimize existing processes for the Zhabuye Salt Lake Phase II project based on the first phase's summary[48]. - The company is actively collaborating with domestic institutions to optimize the existing processes for the Nimu Copper Mine project[48]. Subsidiaries Performance - The company reported a total revenue of 11,049,486.80 CNY, with a net loss of 8,192,392.63 CNY for the subsidiary Tibet Zhabuye Lithium Industry[52]. - Tibet Shanfang Industrial Co., Ltd. generated a revenue of 189,400.00 CNY, resulting in a net loss of 1,048,866.29 CNY[52]. - The subsidiary Tibet Nimu Copper Development Co., Ltd. reported a revenue of 9,220,911.40 CNY, with a net profit of 889,119.45 CNY[52]. Shareholder Information - The total number of shares after the recent changes is 475,974,877, with 97.66% being unrestricted shares[96]. - The largest shareholder, Tibet Mining Development Company, holds 17.69% of the shares, amounting to 84,212,240 shares, with 53,050,000 shares pledged[99]. - The total number of shareholders at the end of the reporting period was 61,125[98]. - The company did not implement any share repurchase agreements during the reporting period[102]. Compliance and Governance - The company has not engaged in any major non-public fundraising investment projects during the reporting period[53]. - There were no significant litigation or arbitration matters during the reporting period[62]. - The company has not faced any penalties or rectification issues during the reporting period[84]. - The company is in compliance with commitments made to avoid competition and regulate related transactions[83]. Accounting Policies - The financial statements of the group are prepared based on the going concern assumption and comply with the requirements of the Enterprise Accounting Standards, reflecting the group's financial position, operating results, and cash flows accurately[146]. - Cash and cash equivalents are defined as cash on hand and deposits that are readily available for payment, with cash equivalents having a maturity of no more than three months[152]. - The company recognizes revenue from sales when the significant risks and rewards of ownership have transferred to the buyer, and the amount can be reliably measured[197].
西藏矿业(000762) - 2014 Q1 - 季度财报
2014-04-24 16:00
Financial Performance - The company's operating revenue for Q1 2014 was ¥63,946,355.61, a decrease of 39.30% compared to ¥105,343,252.50 in the same period last year[8] - The net profit attributable to shareholders was -¥13,202,979.46, representing a decline of 418.84% from ¥4,140,911.81 in the previous year[8] - The net cash flow from operating activities was -¥21,370,239.43, showing a significant cash outflow[8] - Investment income dropped by 128.31% as there were no similar gains from equity disposals in the current period[23] - Income tax expenses decreased by 138.44% compared to the previous period, primarily due to losses incurred in the current period[26] - No significant changes in net profit are expected for the period from January to June 2014 compared to the previous year[32] Assets and Liabilities - Total assets increased by 2.84% to ¥2,664,529,999.31 from ¥2,590,986,215.12 at the end of the previous year[8] - The company reported a 38.87% increase in short-term borrowings, indicating a strategy to leverage financial resources for maximizing shareholder value[18] Expenses - Sales expenses decreased by 32.72% due to the temporary closure of a hotel for renovations and reduced transportation costs from lower sales volume[20] - Financial expenses surged by 181.94% primarily due to increased bank borrowings[21] - Operating expenses decreased by 33.17% compared to the previous period, mainly due to a reduction in fixed asset disposal losses[25] Government and Other Income - The company received government subsidies amounting to ¥212,638.00, contributing to its non-operating income[9] Shareholder Information - The number of shareholders at the end of the reporting period was 61,946, with the largest shareholder holding 17.69% of the shares[11] Strategic Plans - The company plans to use RMB 260 million of idle raised funds to temporarily supplement working capital, as approved in the board meeting on February 20, 2014[27] - The company intends to transfer 97.5% equity of its subsidiary, Tibet Jiqing Industrial Development Co., Ltd., to improve asset utilization efficiency and recover investments[27] - The company has approved various proposals including the 2013 profit distribution plan and the appointment of the 2014 auditing firm in the board meeting on March 26, 2014[29] Communication Activities - The company engaged in multiple communication activities regarding its lithium projects and production status throughout January to March 2014[34]
西藏矿业(000762) - 2013 Q4 - 年度财报
2014-03-27 16:00
Financial Performance - The company's operating revenue for 2013 was CNY 718,815,705.67, representing a 40.8% increase compared to CNY 510,509,900.07 in 2012[22] - The net profit attributable to shareholders for 2013 was CNY 20,130,329.81, a significant recovery from a loss of CNY 127,454,248.19 in 2012[22] - The basic earnings per share for 2013 was CNY 0.0423, recovering from a loss of CNY -0.2678 in the previous year[22] - The company achieved operating revenue of CNY 718,815,705.67, a 40.80% increase compared to the previous year[31] - The net profit attributable to shareholders was CNY 20,130,329.81, marking a turnaround from losses in the previous year[31] - The company reported a net profit of CNY 15,060,167.68 for the year, compared to a loss of CNY 5,070,162.13 in the previous year, marking a significant turnaround[178] - The net profit for the year was CNY 20,130,329.81, a decrease compared to the previous year's loss of CNY 160,056,024.03[197] Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -106,529,881.61, a decline of 323.67% compared to CNY 47,627,592.94 in 2012[22] - Operating cash inflow increased by 12.05% to ¥665,245,145.94, while cash outflow surged by 41.33% to ¥771,775,027.55, resulting in a net cash flow from operating activities of -¥106,529,881.61[44] - The ending cash and cash equivalents balance was 1,046,898,452.59, down from 1,294,843,247.26, a decrease of about 19.2%[192] - The company reported a significant increase in cash outflow for purchasing goods and services, totaling 566,083,762.45, compared to 304,295,567.06 in the previous period, an increase of approximately 86%[191] Assets and Liabilities - The total assets at the end of 2013 were CNY 2,590,986,215.12, an increase of 2.96% from CNY 2,516,514,682.42 at the end of 2012[22] - The total liabilities increased to CNY 486,108,045.38 from CNY 436,056,630.64, representing an increase of about 11.48%[178] - Cash and cash equivalents decreased to CNY 1,046,898,452.59 from CNY 1,294,843,247.26, a decline of about 19.19%[176] - Accounts receivable increased to CNY 210,038,647.75 from CNY 168,589,993.60, marking a growth of approximately 24.54%[176] - Inventory levels rose to CNY 218,575,130.26 from CNY 141,806,950.38, reflecting an increase of about 54.19%[176] Investment and Capital Expenditure - The total investment amount for the reporting period was ¥100,142,000.00, indicating a strategic focus on external investments[55] - The Zabuye Phase I technical transformation project has been completed with a total investment of CNY 8,587.95 million, achieving 100% of the planned investment[60] - The Nimu Copper Mine project has a cumulative investment of CNY 7,635.75 million, achieving 15.99% of the planned investment of CNY 47,752.05 million[60] Shareholder and Dividend Information - The company plans to distribute a cash dividend of CNY 0.20 per 10 shares to all shareholders[5] - The cash dividend distribution plan for 2013 is set at 0.20 yuan per share (including tax), totaling 9,519,497.54 yuan, which accounts for 47.29% of the net profit attributable to shareholders[86] - The total number of shares is 475,974,877, with 2.34% being limited shares and 97.66% being unrestricted shares[110] Management and Governance - The company has maintained a stable management team, with most members serving since 2012, indicating continuity in leadership[127] - The company is committed to maintaining high standards of corporate governance through its independent directors and experienced management[125] - The company has established an insider information management system to protect investor rights and ensure fair information disclosure[138] Audit and Compliance - The company's audit committee reviewed the 2013 annual financial report and confirmed that the financial statements were prepared in accordance with the new enterprise accounting standards, ensuring their authenticity and completeness[146] - The company received a standard unqualified audit report from the annual audit accountant on March 26, 2014, confirming the accuracy and completeness of the 2013 financial statements[153] - There were no significant internal control deficiencies found during the reporting period, and the internal control audit report confirmed effective financial reporting controls[166] Operational Highlights - The company produced 58,802.04 tons of chrome ore, 856.78 tons of electrolytic copper, and 6,026.01 tons of lithium concentrate in 2013[31] - The sales volume of trade increased significantly by 389.45% to 159,944.11 tons in 2013[34] - The company’s inventory increased by 48.41% to 77,140.97 tons, primarily to expand sales in the following year[34] Strategic Focus - The company aims to actively develop non-ferrous metal resources and expand market share to increase sales revenue and improve operating profit levels[75] - The company plans to finance its operations primarily through sales revenue recovery and short-term bank loans, while striving to reduce costs and improve capital efficiency[76] - The company is committed to following the guidelines set by the State-owned Assets Supervision and Administration Commission for equity management[119]