西藏矿业(000762) - 2024 Q2 - 季度财报(更正)

Financial Performance - Revenue for the reporting period increased by 38.40% to RMB 392.22 million compared to the same period last year[10] - Net profit attributable to shareholders surged by 338.99% to RMB 111.05 million[10] - Operating cash flow increased by 61.00% to RMB 268.30 million[10] - Basic earnings per share rose by 334.69% to RMB 0.213[10] - Revenue increased by 38.40% to RMB 392.22 million, driven by higher sales volume of main products[17] - Operating costs surged by 96.15% to RMB 166.39 million due to increased sales volume[17] - Net cash flow from operating activities rose by 61.00% to RMB 268.30 million, primarily due to higher cash received from sales and services[17] - Lithium product sales accounted for 70.03% of total revenue, reaching RMB 274.68 million, a 30.98% increase year-over-year[19] - Chromium product sales grew by 57.15% to RMB 115.56 million, representing 29.47% of total revenue[19] - Revenue from the mining industry increased by 37.77% year-on-year to 390,245,133.62 yuan, with a gross margin of 57.49%[20] - Lithium product revenue grew by 30.98% year-on-year to 274,682,178.06 yuan, but gross margin decreased by 29.38% to 53.48%[20] - Chromium product revenue surged by 57.15% year-on-year to 115,562,955.56 yuan, with gross margin improving by 33.41% to 67.05%[20] - Investment income accounted for 7.34% of total profit, amounting to 11,240,238.62 yuan, primarily from Huabao Trust investment[21] - Total operating revenue for the first half of 2024 reached 392.22 million yuan, a significant increase from 283.40 million yuan in the same period of 2023[93] - Operating costs for the first half of 2024 were 256.06 million yuan, compared to 170.51 million yuan in the first half of 2023[93] - Net profit for the first half of 2024 stood at 153.20 million yuan, up from 141.15 million yuan in the same period of 2023[93] - Net profit attributable to parent company shareholders increased to RMB 111,049,305.37, up from RMB 25,296,514.11 in the same period last year[94] - Basic earnings per share (EPS) rose to RMB 0.213, compared to RMB 0.049 in the previous year[94] - Operating cash flow increased significantly to RMB 268,298,939.30, up from RMB 166,641,489.61 in the same period last year[98] - Revenue for the first half of 2024 reached RMB 115,986,556.88, compared to RMB 73,537,260.29 in the same period last year[96] - Income tax expenses decreased to RMB -9,323,917.86, down from RMB 64,653,807.31 in the previous year[94] - Interest income rose to RMB 5,986,715.73, compared to RMB 4,109,275.55 in the same period last year[96] - Total comprehensive income for the first half of 2024 was RMB 60,586,291.36, down from RMB 263,061,719.83 in the same period last year[97] - Cash received from sales of goods and services was RMB 464,506,448.25, compared to RMB 575,950,243.95 in the same period last year[98] - Payments for goods and services decreased to RMB 67,168,930.82, down from RMB 114,180,165.47 in the same period last year[98] - Total operating expenses for the first half of 2024 were RMB 237,223,718.74, compared to RMB 759,262,097.53 in the same period last year[98] - Investment activities generated a net cash outflow of -586,263,855.35 yuan, a decrease of 11.6% compared to the previous year's -663,404,816.93 yuan[99] - Financing activities resulted in a net cash outflow of -356,786,659.00 yuan, a significant increase from the previous year's -78,186,119.84 yuan[99] - Cash and cash equivalents decreased by -674,751,575.05 yuan, a 17.3% increase in outflow compared to the previous year's -574,949,447.16 yuan[99] - Operating activities generated a net cash inflow of 71,479,108.92 yuan, a 74.4% decrease from the previous year's 279,131,285.99 yuan[100] - Investment activities in the parent company resulted in a net cash inflow of 110,043,002.09 yuan, a 78.6% increase from the previous year's 61,580,990.06 yuan[101] - Financing activities in the parent company led to a net cash outflow of -102,365,626.25 yuan, a significant increase from the previous year's -3,691,440.56 yuan[101] - Cash and cash equivalents in the parent company increased by 79,156,484.76 yuan, a 76.5% decrease from the previous year's 337,020,835.49 yuan[101] - Total owner's equity at the end of the period was 3,798,987,528.05 yuan, with minority shareholders' equity accounting for 915,962,097.34 yuan[102] - The company's comprehensive income for the first half of 2024 reached RMB 1,110,493,053.70, reflecting strong financial performance[103] - Total owner's equity increased by RMB 114,447,146.03 during the first half of 2024, driven by capital injections and retained earnings[103] - Special reserves increased by RMB 2,460,752.45 in the first half of 2024, with RMB 3,868,394.10 extracted and RMB 1,407,641.65 utilized[104] - The company's total assets at the end of the first half of 2024 amounted to RMB 3,913,434,674.08, showing a steady growth trajectory[104] - Comprehensive income for the first half of 2024 included a significant contribution of RMB 25,296,514.11 from core operations[106] - Owner's equity adjustments included a capital injection of RMB 1,738,351.04 through equity-based payments[106] - The company distributed RMB 287,413,200.00 to shareholders during the first half of 2024, reflecting a commitment to shareholder returns[106] - Total comprehensive income for the period reached RMB 605.86 million[110] - Capital reserve increased by RMB 1.58 million due to owner contributions[110] - Profit distribution to owners amounted to RMB 52.12 million[110] - Special reserve usage decreased by RMB 121,266.87[111] - Total owner's equity at the end of the period was RMB 2.54 billion[111] - Capital reserve at the beginning of the period was RMB 1.59 billion[108] - Undistributed profit increased by RMB 263.06 million compared to the previous year[112] - Special reserve extraction for the period was RMB 859,994.10[111] - Total owner's equity at the beginning of the period was RMB 2.53 billion[108] - Comprehensive income for the previous year's period was RMB 263.06 million[112] - Total owner's equity at the end of the period is RMB 2,683,573,000[113] - Owner's capital injection and reduction amount to RMB 1,798,790.40[113] - Special reserve for the period is RMB 126,262.86, with an extraction of RMB 595,906.20 and usage of RMB -469,643.34[113] - Total revenue for the period was 35,370,455.99 yuan, with a net profit of 3,655,038.68 yuan, representing a 10.33% profit margin[193] - The company's bad debt provision for the period was 10,428,935.22 yuan, with a significant reversal of 6,773,896.54 yuan, resulting in a final provision of 3,655,038.68 yuan[193] Assets and Liabilities - Total assets decreased by 10.10% to RMB 7.32 billion compared to the end of the previous year[10] - Monetary funds decreased by 8.87% to 1,389,681,630.20 yuan, mainly due to loan repayments and project payments[23] - The company invested 10,356,269.00 yuan in the Tibet Zabuye Salt Lake Green Comprehensive Utilization 10,000-ton Battery-grade Lithium Carbonate Project, with cumulative investment reaching 1,789,840,788.82 yuan[26] - Total assets of the subsidiary Tibet Shigatse Zabuye Lithium High-tech Co., Ltd. reached 5,137,800,756.57 yuan, contributing 104,386,405.75 yuan in net profit[33] - Subsidiary Tibet Rikaze Zabuye Lithium High-Tech Co., Ltd. achieved revenue of 276.12 million yuan, a year-on-year increase of 31.66%, and net profit of 104.39 million yuan, a year-on-year increase of 0.46%[34] - The company's total assets decreased from 8,143,611,169.68 yuan to 7,320,925,556.71 yuan, a decline of approximately 10.1%[86][88] - Current assets decreased from 2,685,350,432.29 yuan to 1,751,203,498.22 yuan, a drop of 34.8%[86] - Non-current assets increased slightly from 5,458,260,737.39 yuan to 5,569,722,058.49 yuan, a growth of 2.0%[87] - Total liabilities decreased from 4,344,623,641.63 yuan to 3,407,490,882.63 yuan, a reduction of 21.6%[88] - Current liabilities dropped significantly from 1,243,645,968.72 yuan to 359,335,581.61 yuan, a decrease of 71.1%[88] - Non-current liabilities decreased from 3,100,977,672.91 yuan to 3,048,155,301.02 yuan, a slight decline of 1.7%[88] - Owner's equity increased from 3,798,987,528.05 yuan to 3,913,434,674.08 yuan, a growth of 3.0%[88] - The company's monetary funds decreased from 2,267,812,244.92 yuan to 1,389,681,630.20 yuan, a drop of 38.7%[86] - Inventory decreased from 224,187,285.98 yuan to 148,894,873.73 yuan, a reduction of 33.6%[86] - The company's short-term borrowing was fully repaid, decreasing from 100,098,611.11 yuan to 0 yuan[88] - Total assets as of the end of the first half of 2024 amounted to 2.73 billion yuan, slightly down from 2.77 billion yuan at the end of the first half of 2023[90][91] - Total liabilities for the first half of 2024 were 189.38 million yuan, a decrease from 237.43 million yuan in the first half of 2023[91] - Shareholders' equity for the first half of 2024 was 2.54 billion yuan, compared to 2.53 billion yuan in the first half of 2023[91] - Accounts receivable for the first half of 2024 were 27.36 million yuan[90] - Prepayments for the first half of 2024 were 3.19 million yuan, up from 574,796.79 yuan in the first half of 2023[90] - Inventory for the first half of 2024 was 7.09 million yuan, compared to 980,655.43 yuan in the first half of 2023[90] - Long-term equity investments for the first half of 2024 were 701.08 million yuan, slightly up from 701.01 million yuan in the first half of 2023[90] - The company's monetary funds decreased from 2,267,812,244.92 yuan at the beginning of the period to 1,389,681,630.20 yuan at the end of the period[182] - The fair value of financial assets measured at fair value and whose changes are included in current profits and losses increased from 8,486,687.77 yuan at the beginning of the period to 44,696,924.16 yuan at the end of the period[182] - Accounts receivable with an age of 1 year or less increased from 2,504.05 yuan at the beginning of the period to 27,263,985.13 yuan at the end of the period[183] - Accounts receivable with an age of 3 years or more decreased from 2,003,529.26 yuan at the beginning of the period to 1,004,973.46 yuan at the end of the period[183] - The total accounts receivable at the end of the period is 28,325,541.16 yuan, with a bad debt provision of 2,384,994.14 yuan, representing a provision ratio of 8.42%[184] - The bad debt provision for individually assessed receivables is 1,018,400.02 yuan, with a provision ratio of 100%[184] - The bad debt provision for group-assessed receivables is 1,366,594.12 yuan, with a provision ratio of 5%[186] - The company recovered 1,000,000.00 yuan from Baota Shenghua Trading Group Co., Ltd. through legal proceedings[187] - The top five accounts receivable and contract assets at the end of the period amount to 28,254,345.56 yuan, accounting for 99.74% of the total[188] - Other receivables at the end of the period total 31,715,417.31 yuan, an increase from 26,001,809.23 yuan at the beginning of the period[189] - The bad debt provision for individually assessed other receivables is 3,344,708.96 yuan, with a provision ratio of 10%[192] - The bad debt provision for group-assessed other receivables is 310,329.72 yuan, with a provision ratio of 16.03%[192] - Prepayments increased significantly, with 81.41% of the total prepayments being within 1 year, amounting to 3,373,164.13 yuan[196] - Inventory decreased to 170,953,666.28 yuan from 288,722,561.64 yuan, with a significant reduction in inventory goods from 222,094,170.34 yuan to 116,177,071.38 yuan[197] - The provision for inventory impairment decreased to 22,058,792.55 yuan from 64,535,275.66 yuan, with a significant reversal of 43,774,392.41 yuan[198] - Other current assets decreased to 106,855,887.28 yuan from 128,959,692.86 yuan, mainly due to a reduction in VAT credits and prepaid taxes[199] - Long-term equity investments remained stable at 107,010,191.90 yuan, with no significant changes during the period[199] Environmental and Social Responsibility - The company's environmental protection investment in the Shannan branch was 43,600 yuan, while Tibet Zabuye invested 136.768 million yuan in environmental protection[47] - The Shannan branch paid 8,330.92 yuan in environmental protection tax, while Tibet Zabuye did not generate any environmental protection tax[47] - The noise emission levels at the Shannan branch were 48.8 dB(A) during the day and 48.3 dB(A) at night, both meeting the GB/T3096-2008 Class II standard[46] - The noise emission levels at Tibet Zabuye Lithium High-Tech Co., Ltd. were 48 dB(A) during the day and 39 dB(A) at night, both meeting the GB/T3096-2008 Class II standard[45] - The Shannan branch's wastewater treatment includes a three-stage sedimentation process, with excess water meeting standards before discharge[47] - Tibet Zabuye's production wastewater is directly returned to the lake, with no external discharge, as the main substances are sourced from and returned to the lake[47] - The Shannan branch conducts quarterly monitoring of mine water, noise, air, and surface water, while Tibet Zabuye conducts annual monitoring of noise, surface water, groundwater, soil, and air quality[48] - Tibet Zabuye was fined 79,166 yuan for not timely handling the environmental impact assessment procedures for a construction project[48] - The company's "Tibet Zabuye Salt Lake Green Comprehensive Development and Utilization 10,000-ton Battery-grade Lithium Carbonate Project" officially entered trial production on June 30, 2024, with a planned trial production period of 3-6 months[49] - The project provided 347 employment opportunities for local farmers and herders, contributing nearly 5 million yuan to their income since its resumption on March 20, 2024[50] - A total of 267 local farmers and herders were employed during the construction phase, with wages amounting to approximately 8.3354 million yuan in the first half of 2024[50] - The company invested 120,000 yuan in rural revitalization efforts, including supporting village committees and ensuring basic living standards for disadvantaged groups[50] - The company faced a penalty for non-compliance with environmental impact assessment regulations, but it did not significantly affect operations or financial performance[49] - The company is required to address the issue of not extracting valuable co-occurring minerals during lithium mining, with rectification tied to the new lithium carbonate project[49] Corporate Governance and Shareholder Information - The company did not distribute cash dividends, stock dividends, or capital reserve transfers[1] - The weighted average return on equity increased by 2.96 percentage points to 3.81%[10] - The company's registered address, office address, and contact information remained unchanged during the reporting period[7] - The company's financial reports are prepared in