Zijin Mining(02899)2023-04-27 11:18Financial Performance - Total revenue for Q1 2023 reached RMB 74.94 billion, an increase of 15.71% year-over-year and 13.32% quarter-over-quarter[7] - Net profit for Q1 2023 was RMB 6.88 billion, a decrease of 7.26% compared to the same period last year, but a significant increase of 68.58% from the previous quarter[7] - The net profit attributable to shareholders was RMB 5.44 billion, down 11.14% year-over-year, with a quarter-over-quarter increase of 61.24%[7] - The company reported a total comprehensive income of ¥8.24 billion for Q1 2023, down from ¥8.72 billion in Q1 2022[19] - Net profit for Q1 2023 was CNY 107,033,546, compared to CNY 626,712,010 in Q1 2022, reflecting a significant decrease[26] - The total comprehensive income for Q1 2023 was CNY 90,403,000, compared to CNY 624,737,828 in Q1 2022[27] Assets and Liabilities - The company's total assets as of the end of Q1 2023 amounted to RMB 315.36 billion, reflecting a 3.05% increase from the end of the previous year[8] - Total current assets increased to ¥80,510,670,360, up from ¥79,644,459,532, representing a growth of 1.09% year-over-year[15] - Total non-current assets reached ¥234,853,299,134, up from ¥226,399,679,938, marking a growth of 3.23%[16] - Total liabilities increased to ¥184,523,229,558 from ¥181,588,693,965, an increase of 1.07%[17] - The company's total liabilities amounted to 69,039,141,980 RMB, slightly up from 68,183,876,605 RMB, indicating a stable leverage position[25] - The total assets amounted to ¥315,363,969,494, compared to ¥306,044,139,470, reflecting an increase of 3.36%[17] Cash Flow - The net cash flow from operating activities for Q1 2023 was RMB 7.83 billion, an increase of 5.40% compared to the same period last year[7] - The net cash flow from investing activities was -7,594,231,666 RMB, a decrease from -12,217,669,025 RMB year-over-year, indicating improved cash management in investments[22] - The company reported a net cash flow from operating activities of CNY 8,217,222 in Q1 2023, down from CNY 237,561,944 in Q1 2022[28] Production and Sales - Gold production increased by 22% year-on-year to 15,952 kg in Q1 2023, while copper production rose by 24% to 244,471 tons[12] - The average selling price of gold in Q1 2023 was RMB 387.39 per gram, compared to RMB 350.20 per gram in Q1 2022[13] - The average selling price of copper in Q1 2023 was RMB 52,448 per ton, down from RMB 55,348 per ton in Q1 2022[13] - Zinc production in Q1 2023 was 105,004 tons, a slight decrease from 108,184 tons in Q1 2022[13] Research and Development - Research and development expenses rose to ¥327.51 million, a significant increase of 85.1% from ¥176.80 million in Q1 2022[18] - Research and development expenses increased to CNY 101,576,727 in Q1 2023, up from CNY 72,461,841 in Q1 2022, representing a 40.3% increase[26] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 441,234, with the largest shareholder holding 23.11% of the shares[10] - The weighted average diluted earnings per share for Q1 2023 was RMB 0.207, down 11.16% year-over-year[7] - Basic earnings per share for Q1 2023 were ¥0.207, compared to ¥0.233 in Q1 2022, indicating a decline of 11.2%[19] - The basic earnings per share for Q1 2023 were CNY 0.004, compared to CNY 0.024 in Q1 2022[27] Future Plans - The company plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency and profitability[6] - The company plans to continue expanding its mining and smelting operations to enhance production capacity and efficiency[12]