Western Mining(601168)2024-04-19 09:17Financial Performance - The company's operating revenue for Q1 2024 was CNY 10,973,912,763, representing a decrease of 5.18% compared to the same period last year[4]. - Net profit attributable to shareholders was CNY 736,994,982, an increase of 8.39% year-on-year[4]. - Basic and diluted earnings per share were both CNY 0.31, reflecting a year-on-year increase of 6.90%[4]. - The company reported a total profit of ¥1,342,600,150, an increase of 17.4% compared to ¥1,143,967,373 in Q1 2023[17]. - Total comprehensive income for Q1 2024 was ¥1,191,159,574, compared to ¥1,018,699,155 in Q1 2023[18]. Cash Flow and Liquidity - The net cash flow from operating activities reached CNY 499,383,882, showing a significant increase of 1,814.20% compared to the previous year[4]. - Cash flow from operating activities generated a net cash inflow of ¥499,383,882, compared to a net inflow of ¥26,088,385 in Q1 2023[19]. - The company experienced a net cash outflow from financing activities of ¥439,027,789, contrasting with a net inflow of ¥870,828,895 in Q1 2023[20]. - The company's cash and cash equivalents decreased to CNY 4,901,955,798 from CNY 5,435,776,722, representing a decline of approximately 9.8%[15]. - Cash and cash equivalents at the end of Q1 2024 were ¥4,054,997,835, down from ¥6,062,870,744 at the end of Q1 2023[20]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 52,916,093,251, a slight increase of 1.63% from the end of the previous year[5]. - As of March 31, 2024, the total assets of the company amounted to CNY 52,916,093,251, an increase from CNY 52,066,714,877 as of December 31, 2023[16]. - The company's total liabilities decreased slightly to CNY 31,459,317,063 from CNY 31,723,168,129, indicating a decrease of about 0.8%[16]. - Total current liabilities decreased to CNY 14,720,474,996 from CNY 15,348,926,666, a reduction of approximately 4.1%[16]. - The equity attributable to shareholders increased to CNY 16,030,168,002 from CNY 15,268,074,305, marking an increase of approximately 5%[16]. Shareholder Information - Shareholders' equity attributable to the parent company was CNY 16,030,168,002, up by 4.99% compared to the previous year[5]. - The top shareholder, Western Mining Group Co., Ltd., holds 25.48% of the shares, with a total of 607,187,567 shares[9]. Research and Development - Research and development expenses rose to ¥131,886,809, representing a 38.7% increase from ¥95,002,231 in Q1 2023[17]. Other Financial Metrics - The weighted average return on equity was 4.71%, an increase of 0.60 percentage points year-on-year[4]. - Non-recurring gains and losses totaled CNY 21,591,375 for the period[6]. - The company achieved an investment income of ¥57,733,220, a significant recovery from a loss of ¥41,419,093 in Q1 2023[17]. - The company reported a significant increase in prepayments to CNY 328,113,592 from CNY 65,552,971, reflecting a growth of approximately 400%[15]. - The long-term borrowings increased to CNY 13,971,114,591 from CNY 13,595,160,391, an increase of about 2.8%[16]. - The company's non-current assets totaled CNY 40,596,575,752, slightly down from CNY 40,657,209,689, indicating a decrease of about 0.15%[15]. - The company issued CNY 10 billion of exchangeable bonds, with 1,200,241 shares exchanged by bondholders, representing 0.05% of the total share capital[14].