CMOC(603993)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 44,283,515,685.33, representing a decrease of 0.54% compared to the same period last year[5]. - The net profit attributable to shareholders of the listed company was CNY 317,121,315.82, down 82.30% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 65,706,188.35, a decline of 96.09% compared to the previous year[5]. - The basic earnings per share for the period was CNY 0.015, a decrease of 82.14% year-on-year[7]. - The diluted earnings per share was also CNY 0.015, reflecting a decline of 81.93% compared to the same period last year[7]. - Net profit for Q1 2023 was CNY 272,975,317.57, a significant decline from CNY 1,884,103,757.95 in Q1 2022[17]. - The company reported a basic earnings per share of CNY 0.015 for Q1 2023, down from CNY 0.084 in Q1 2022[18]. - Other comprehensive income after tax for Q1 2023 was CNY -1,412,103,330.99, compared to CNY -718,998,761.37 in Q1 2022[18]. Cash Flow - The net cash flow from operating activities was CNY 4,643,002,834.66, an increase of 522.78% year-on-year[9]. - In Q1 2023, the net cash flow from operating activities was ¥4.64 billion, a significant improvement from a net outflow of ¥1.10 billion in Q1 2022, representing a turnaround of over 500%[19]. - Total cash inflow from operating activities was ¥44.39 billion, compared to ¥43.42 billion in Q1 2022, indicating a year-over-year increase of approximately 2.2%[19]. - Cash outflow for purchasing goods and services decreased to ¥37.07 billion from ¥41.24 billion in the previous year, reflecting a reduction of about 10%[19]. - The cash flow from operating activities showed a strong recovery, highlighting improved operational efficiency and cost management strategies[19]. - The company experienced a significant increase in cash received from other operating activities, rising to ¥2.20 billion from ¥0.16 billion in Q1 2022, an increase of over 1300%[19]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 163,004,546,723.53, down 1.22% from the end of the previous year[7]. - The total assets as of March 31, 2023, amounted to RMB 163,004.55 million, a slight decrease from RMB 165,019.22 million at the end of 2022[15]. - The total liabilities decreased to CNY 102,063,104,132.84 from CNY 102,981,802,839.63 year-over-year[16]. - The company's total equity decreased to CNY 60,941,442,590.69 from CNY 62,037,416,699.14 in the previous year[16]. - The cash and cash equivalents decreased to RMB 30,442.49 million from RMB 32,647.57 million at the end of 2022[15]. Production and Sales - The production of copper (TFM) decreased by 1.01% year-on-year to 61,806 tons, while sales dropped by 100% due to export restrictions[12]. - The company achieved a 20.34% increase in gold production (NPM 80% equity) to 4,561 ounces, with sales rising by 69.91%[12]. Strategic Initiatives - The company is currently addressing issues related to the Congo (Kinshasa) mining rights, which have impacted product exports and sales[9]. - The company is advancing key projects, with the KFM project expected to complete installations and production tasks by the end of April 2023[13]. - The company plans to enhance its market presence and strengthen partnerships in the renewable energy sector with Gécamines[13]. - The company has established an ESG development department and aims for carbon peak by 2030 and carbon neutrality by 2050[14]. Shareholder Information - The company’s major shareholder, Ningde Times, holds 24.68% of the shares, making it the second-largest shareholder[14].