SD-GOLD(SH:600547)2018-04-22 16:00Financial Performance - Operating revenue for the first quarter reached CNY 14.17 billion, an increase of 41.58% year-on-year[6] - Total profit for the first quarter was CNY 516.71 million, up 23.00% from CNY 420.09 million in the same period last year[6] - Net profit attributable to shareholders of the listed company was CNY 350.30 million, reflecting a growth of 5.71% compared to CNY 331.38 million in the previous year[6] - Basic and diluted earnings per share were both CNY 0.19, representing a 5.56% increase from CNY 0.18 in the previous year[6] - The company's operating revenue for the first quarter of 2018 was RMB 14,166,316,537.39, an increase of 41.5% compared to RMB 10,006,172,380.41 in the same period last year, primarily due to an increase in gold sales volume[12] - The profit attributable to shareholders of the parent company was ¥346,794,915.07, compared to ¥327,414,609.01 in the prior period, reflecting a growth of 5.9%[32] - The total profit for the current period was ¥516,709,445.39, up from ¥420,092,747.64 in the previous period[31] Cash Flow - The company’s cash flow from operating activities was CNY 176.51 million, a significant decrease of 58.63% compared to CNY 426.69 million in the same period last year[6] - The net cash flow from operating activities was RMB 176,513,743.74, a decrease of 58.6% compared to RMB 426,693,768.32 in the previous year, mainly due to increased employee compensation payments[13] - The cash inflow from operating activities was CNY 15,823,500,891.33, an increase of 50.1% compared to CNY 10,535,161,290.93 in the previous period[38] - The net cash flow from operating activities decreased to CNY 176,513,743.74 from CNY 426,693,768.32, representing a decline of 58.7%[38] - The ending cash and cash equivalents balance was CNY 2,470,688,491.88, compared to CNY 1,754,739,201.89 in the previous period, reflecting an increase of 40.7%[39] Assets and Liabilities - Total assets at the end of the reporting period were CNY 42.08 billion, a decrease of 0.08% compared to the end of the previous year[6] - The total assets of Shandong Gold Mining Co., Ltd. as of March 31, 2018, amounted to CNY 42,083,338,236.37, a slight decrease from CNY 42,116,289,694.56 at the beginning of the year[23] - Current assets totaled CNY 6,993,735,439.42, compared to CNY 6,909,118,435.92 at the start of the year, indicating a growth of approximately 1.23%[23] - The company's cash and cash equivalents decreased from CNY 3,072,755,687.95 to CNY 2,620,682,269.55, a decline of about 14.69%[23] - Short-term borrowings increased significantly from CNY 789,300,000.00 to CNY 1,235,067,000.00, representing a rise of approximately 56.67%[24] - Total liabilities decreased to CNY 11,054,119,328.19 from CNY 10,724,744,276.61, reflecting a reduction in non-current liabilities[29] - The company's total equity increased to CNY 17,538,759,168.62 from CNY 17,169,280,603.66, reflecting a growth of approximately 2.1%[29] Shareholder Information - The total number of shareholders at the end of the reporting period was 177,455[10] - The largest shareholder, Shandong Gold Group Co., Ltd., held 831,933,836 shares, accounting for 44.80% of the total shares[10] Operational Developments - The company is actively pursuing the issuance of H shares and has submitted the application to the China Securities Regulatory Commission, with ongoing efforts to list on the Hong Kong Stock Exchange[12] - The company completed the acquisition of the Veladero gold mine project in Argentina on June 30, 2017, which has since resumed normal operations after addressing previous environmental issues[14] - The company is in the process of obtaining mining licenses for the San Mountain Island gold mine, with expected completion by July 31, 2018[18] - The company has submitted environmental protection and land reclamation plans for the San Mountain Island gold mine, which have passed expert review[18] Cost Management - The cost of goods sold for the first quarter was RMB 12,955,909,881.15, reflecting a 45.0% increase from RMB 8,909,536,488.81 year-on-year, also driven by higher gold sales volume[13] - The company experienced a decrease in financial expenses, which were ¥164,646,288.23 compared to ¥69,778,573.10 in the previous period, indicating improved cost management[31]