金贵银业(002716) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥1,588,402,787.77, representing a 45.33% increase compared to ¥1,092,965,974.03 in the same period last year[5]. - Net profit attributable to shareholders was ¥4,704,007.25, a significant turnaround from a loss of ¥5,083,987.78 in the previous year, marking a 192.53% improvement[5]. - Operating costs rose to ¥1,568,825,929.43, reflecting a 49.01% increase from ¥1,052,854,898.39, primarily due to higher production and sales volumes as well as rising metal prices[10]. - Net profit for the quarter was ¥4,704,007.25, a significant turnaround from a loss of ¥5,083,987.78 in the previous year, marking a 192.53% improvement[11]. - The company reported a gross profit margin of approximately 1.5% for Q1 2024, down from the previous year's margin, indicating increased cost pressures[35]. Cash Flow - The net cash flow from operating activities was ¥17,336,424.99, compared to a negative cash flow of ¥126,263,068.63 in the same period last year, reflecting a 113.73% increase[5]. - The company reported a substantial increase in cash flow from operating activities, amounting to ¥17,336,424.99, compared to a negative cash flow of ¥126,263,068.63 in the same quarter last year, representing a 113.73% change[11]. - Cash inflow from operating activities totaled 1,734,589,289.63 CNY, an increase from 1,215,167,811.59 CNY in the previous period, representing a growth of approximately 42.5%[39]. - Cash inflow from financing activities was 301,732,499.93 CNY, with a net cash flow of 224,912,609.64 CNY, recovering from -20,756,503.49 CNY in the previous period[39]. - The ending balance of cash and cash equivalents was 491,731,341.79 CNY, up from 284,514,679.64 CNY in the previous period[39]. Assets and Liabilities - Total assets increased by 41.96% to ¥5,943,748,481.20 from ¥4,186,799,550.62 at the end of the previous year[5]. - Total liabilities rose to ¥2,818,335,353.16 in Q1 2024, compared to ¥2,538,322,944.38 in Q1 2023, marking an increase of 11.0%[34]. - The company’s long-term liabilities totaled ¥964,265,769.48 in Q1 2024, an increase from ¥539,771,486.94 in Q1 2023, reflecting a rise of 78.5%[34]. - The company’s total current assets increased from CNY 1,912,123,808.54 to CNY 2,043,383,635.78, reflecting a growth of about 6.8%[31]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 72,235, with no preferred shareholders[13]. - The company’s major shareholders include Zhuzhou Development Investment Group, holding 210 million shares (approximately 60.07% of Hunan Gold Group) and China Great Wall Asset Management Co., Ltd., holding 159.06 million shares[14]. - The company’s major shareholders changed, with Hunan Nonferrous Group and Hunan Gold Group holding 10.75% and 7.12% of shares respectively, totaling 17.87%[20]. Investments and Acquisitions - The company plans to issue shares to acquire 100% equity of Hunan Baoshan Nonferrous Metals Mining Co., Ltd. from Hunan Nonferrous Industry Investment Group Co., Ltd. and Hunan Gold Group Co., Ltd., constituting a major asset restructuring and related party transaction[15]. - The company completed the acquisition of 100% equity in Hunan Baoshan Nonferrous Metals Mining Co., Ltd. by issuing shares to Hunan Nonferrous Industry Investment Group Co., Ltd. and Hunan Gold Group Co., Ltd., resulting in a total share capital increase from 2,210,479,088 shares to 2,691,327,729 shares[20][22][24]. - The company’s investment in the joint venture aims to establish a 15,000 Nm³/h oxygen production facility, enhancing its operational capabilities[19]. Other Financial Metrics - The company reported non-recurring gains of ¥52,645,401.94, primarily from the fair value changes of financial assets and liabilities[6]. - The company experienced a significant decrease in investment income, reporting ¥305,461.28, down 69.83% from ¥1,012,415.00, due to ineffective hedging operations[10]. - Research and development expenses for Q1 2024 were ¥2,144,363.43, compared to ¥1,726,146.92 in Q1 2023, indicating a growth of 24.2%[35]. - Other comprehensive income for Q1 2024 was a loss of ¥20,555,396.25, compared to a gain of ¥4,028,210.34 in Q1 2023[37]. Corporate Changes - The company underwent a name change from "Chenzhou City Jingui Silver Industry Co., Ltd." to "Hunan Silver Co., Ltd." effective April 9, 2024[21]. - The company completed the issuance of shares for asset acquisition and fundraising on February 29, 2024, with new shares listed on March 1, 2024[16]. - The company has established a special account for the raised funds in accordance with the tripartite supervision agreement signed with financial advisors[17].