厦门钨业(600549) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was ¥8,561,654,015.20, representing a decrease of 18.51% compared to the same period last year[4] - Net profit attributable to shareholders was ¥440,077,968.76, an increase of 16.05% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥392,017,043.97, up by 22.37% compared to the previous year[4] - The basic earnings per share for the period was ¥0.3119, reflecting a growth of 15.65%[4] - The company experienced a decline in revenue primarily due to decreased demand in the energy new materials business[7] - The tungsten and molybdenum business showed strong performance, particularly in fine tungsten wire products, contributing significantly to profit growth[7] - The tungsten and molybdenum business achieved revenue of 3.685 billion CNY, a year-on-year increase of 19.08%, with a profit of 566 million CNY, up 57.82%[11] - The sales revenue of fine tungsten wire increased by 309.96%, with gross profit rising by 379.44%[11] - The new energy materials business reported revenue of 3.586 billion CNY, a decline of 40.67%, and a profit of 120 million CNY, down 49.26%[12] - The rare earth business generated revenue of 1.244 billion CNY, a decrease of 6.42%, but profit increased by 55.82% to 114 million CNY[12] - The real estate business reported revenue of 47 million CNY, a year-on-year increase of 17.13%, but incurred a loss of 52 million CNY[12] Assets and Liabilities - Total assets increased to ¥40,483,387,189.00, a rise of 1.72% from the end of the previous year[5] - Total current assets as of March 31, 2023, amounted to 23.09 billion CNY, compared to 22.55 billion CNY at the end of 2022[14] - Total assets increased to 40.48 billion CNY from 39.80 billion CNY year-on-year[16] - Total liabilities decreased to 22.53 billion CNY from 23.74 billion CNY year-on-year[15] - The equity attributable to shareholders increased to 10.46 billion CNY from 9.99 billion CNY year-on-year[16] - The total liabilities rose to ¥13,319,484,655.22, an increase from ¥12,251,641,708.57, indicating a growth of 8.7%[23] Cash Flow - Cash flow from operating activities for Q1 2023 was RMB 3,218,546.25, a significant improvement from a negative cash flow of RMB -518,832,666.29 in Q1 2022[19] - Cash inflow from operating activities totaled RMB 8,716,426,470.69 in Q1 2023, up from RMB 6,871,191,452.37 in Q1 2022, marking a growth of 26.8%[19] - The net cash flow from investing activities was -¥285,546,348.14, an improvement from -¥626,556,471.08 in the previous year[20] - The company's cash and cash equivalents at the end of the period were ¥5,016,977,760.67, significantly higher than ¥2,069,086,768.52 at the end of the previous year[20] - The financing activities generated a net cash flow of ¥3,149,813,187.41, compared to ¥1,672,296,862.35 in the previous year, marking an increase of 88.5%[20] - The company's long-term borrowings increased to ¥3,984,711,250.85 from ¥3,035,311,116.85, representing a growth of 31.3%[23] - Operating cash flow for Q1 2023 was 203,987,114.59, a turnaround from -215,131,132.44 in Q1 2022, indicating improved cash generation[26] - The company raised 2,140,260,000.00 in borrowings during Q1 2023, down from 2,770,000,000.00 in Q1 2022, indicating a decrease of about 22.8%[26] Research and Development - Research and development expenses for Q1 2023 were RMB 308,856,768.54, down 23.6% from RMB 404,374,594.65 in Q1 2022[17] - The company incurred research and development expenses of 28,743,735.49 in Q1 2023, compared to 37,437,859.63 in Q1 2022, marking a reduction of approximately 23.3%[25] Shareholder Information - The top shareholder, Fujian Rare Earth Group Co., Ltd., holds 31.77% of the shares, with a total of 450,582,682 shares[9] Tax and Other Expenses - The company reported a decrease in tax and additional fees to RMB 49,749,325.78, down 29.5% from RMB 70,614,637.04 in Q1 2022[17] - Financial expenses increased to 73,467,689.05 in Q1 2023 from 51,743,128.56 in Q1 2022, an increase of about 42%[25] Comprehensive Income - Total comprehensive income for Q1 2023 was RMB 642,480,253.89, compared to RMB 546,319,074.30 in Q1 2022, indicating an increase of 17.5%[18] - The company reported a total comprehensive income of -16,273,974.03 in Q1 2023, compared to 108,081,946.82 in Q1 2022, indicating a decline of approximately 115%[25]