藏格矿业(000408) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥614,337,496.69, a decrease of 55.28% compared to ¥1,373,645,973.66 in the same period last year[5] - Net profit attributable to shareholders was ¥529,267,974.43, down 42.51% from ¥920,597,301.86 year-on-year[5] - Basic and diluted earnings per share decreased by 41.38% to ¥0.34 from ¥0.58 in the same period last year[5] - Total operating revenue for Q1 2024 was CNY 614,337,496.69, a decrease of 55.3% compared to CNY 1,373,645,973.66 in the same period last year[41] - Net profit for Q1 2024 was CNY 527,088,505.69, a decline of 42.7% compared to CNY 920,597,301.86 in Q1 2023[42] - Earnings per share (EPS) for Q1 2024 was CNY 0.34, down from CNY 0.58 in the previous year[43] Cash Flow and Investments - The net cash flow from operating activities was negative at -¥237,562,166.61, a decline of 181.04% compared to ¥293,129,867.76 in the previous year[5] - Cash received from sales decreased by 74.38% to ¥30,000,000.00 compared to the previous year due to reduced revenue scale[16] - The company reported a 96.89% decrease in cash paid for investments, amounting to ¥3,000,000.00, as there were no related payments this period[18] - The net cash flow from investment activities was -1,025,291,093.99 CNY in Q1 2024, compared to -1,041,386,177.64 CNY in the same period last year[44] - The company maintained a strong investment strategy, with cash inflow from investment activities totaling CNY 60,777,350.05, compared to CNY 16,095,083.65 in Q1 2023[43] Assets and Liabilities - Total assets increased by 1.22% to ¥14,263,146,290.38 from ¥14,091,584,562.19 at the end of the previous year[5] - As of March 31, 2024, the company's total assets amounted to RMB 14,263,146,290.38, an increase from RMB 14,091,584,562.19 at the beginning of the year[39] - The company's current assets totaled RMB 3,092,667,402.59, a slight decrease from RMB 3,143,978,232.09 at the beginning of the year[38] - The company's non-current assets increased to RMB 11,170,478,887.79 from RMB 10,947,606,330.10 at the beginning of the year[39] - The company's total liabilities decreased to RMB 671,219,461.94 from RMB 1,041,334,695.19 at the beginning of the year[39] - The company's total equity capital stood at RMB 3,463,225,610.44 as of March 31, 2024[39] Production and Sales - The company experienced a 62.87% decrease in sales volume of potassium chloride products and a 31.89% drop in selling price, contributing to the revenue decline[13] - The company achieved a potassium chloride production of 158,600 tons, a year-on-year decrease of 18.71%, and sales of 139,600 tons, down 62.88% year-on-year[24] - Lithium carbonate production reached 2,385.50 tons, an increase of 33.79% year-on-year, with sales of 3,970.00 tons, up 643.45% year-on-year[24] Other Income and Expenses - Other income increased by 296.38% to ¥310,000.00 from ¥78,000.00 year-on-year, primarily due to an increase in tax refund[14] - The company reported a decrease in tax expenses to CNY 38,386,427.10 from CNY 174,124,531.80 in the same quarter last year[42] Investments and Acquisitions - The company holds a 30.78% stake in Julong Copper Industry, resulting in an investment income of 352 million yuan, an increase of 11.86% year-on-year[25] - The second phase expansion project of Julong Copper Mine has been approved, increasing the production capacity from 150,000 tons per day to 350,000 tons per day[26] - The estimated total potassium salt ore reserves in the Bayo mining area of the Laos project are 6.285 billion tons, with a potassium chloride resource amount of 970 million tons[29] - The company is advancing the application for the resource registration certificate for the Bayo mining area, with expectations for approval soon[29] - The company is progressing with the acquisition of a 34% stake in Xizang Guoneng Mining Development Co., Ltd., currently in the process of lifting share pledges[30] Dividend Distribution - The company plans to distribute a cash dividend of RMB 8.00 per 10 shares, totaling RMB 1,256,411,265.60 (including tax) to shareholders based on a total share capital of 1,580,435,073 shares after deducting repurchased shares[32] Miscellaneous - The company's subsidiary, Zangge Potash Fertilizer, is required to pay tax fees and penalties totaling RMB 187,988,239.65, which will be compensated by its controlling shareholder[33] - The company's first quarter report for 2024 was not audited[45]