白银有色(601212) - 2018 Q3 - 季度财报

Financial Performance - Operating revenue for the first nine months was CNY 40.76 billion, a decrease of 16.63% year-on-year[6]. - Net profit attributable to shareholders was a loss of CNY 245.96 million, a decrease of 207.27% compared to the same period last year[6]. - Basic and diluted earnings per share were both CNY -0.035, a decrease of 202.94% year-on-year[7]. - Total operating revenue for Q3 2018 was approximately ¥18.40 billion, a decrease of 16.4% compared to ¥22.01 billion in Q3 2017[30]. - Net profit for Q3 2018 was a loss of approximately ¥94.42 million, compared to a profit of ¥131.55 million in Q3 2017[31]. - The company reported a total loss of ¥507,214,668.22 for the first nine months of 2018, compared to a loss of ¥307,127,989.50 in the previous year[35]. - Net profit for Q3 2018 was a loss of ¥152,352,679.25, compared to a loss of ¥80,649,004.21 in Q3 2017, indicating a worsening performance[35]. Assets and Liabilities - Total assets decreased by 2.47% to CNY 45.82 billion compared to the end of the previous year[6]. - Total liabilities as of September 30, 2018, were 33,217,341,034.09 RMB, slightly up from 33,153,299,764.00 RMB at the beginning of the year[23]. - The total equity attributable to shareholders decreased to 9,184,171,586.77 RMB from 10,366,330,880.40 RMB at the beginning of the year[24]. - The total current assets as of September 30, 2018, amounted to 22,310,020,882.01 RMB, an increase from 21,791,284,366.97 RMB at the beginning of the year[22]. - The total non-current assets decreased to 23,513,072,500.39 RMB from 25,191,643,394.70 RMB at the beginning of the year[22]. - The total assets as of September 30, 2018, were 45,823,093,382.40 RMB, down from 46,982,927,761.67 RMB at the beginning of the year[24]. Cash Flow - Cash flow from operating activities for the first nine months was CNY 1.31 billion, a significant increase compared to a negative cash flow of CNY 124.59 million in the same period last year[6]. - The net cash flow from operating activities for the first nine months of 2018 was ¥1,202,236,636.15, a significant increase from ¥236,427,344.27 in the same period last year, representing a growth of approximately 408%[40]. - The total cash outflow from operating activities was ¥16,922,282,088.88, compared to ¥13,130,069,799.04, reflecting an increase of approximately 29%[40]. - The net cash flow from financing activities was -¥1,777,943,102.41, contrasting with a positive cash flow of ¥635,849,629.96 in the same period last year[41]. - The total cash and cash equivalents at the end of the period were ¥846,280,765.01, down from ¥1,872,890,102.82, representing a decrease of approximately 55%[41]. Shareholder Information - Total number of shareholders reached 172,287[11]. - The top ten shareholders hold a combined 83.65% of shares, with Citic Guoan Group holding 32.27% and Gansu Provincial Government holding 30.28%[11]. Financial Ratios and Metrics - The weighted average return on net assets decreased by 4.37 percentage points to -2.48%[7]. - Financial expenses surged by 110.18%, reaching ¥1,152,381,007.04, driven by increased bank loans and foreign exchange losses[17]. - Asset impairment losses rose by 120.60%, totaling ¥85,551,537.17, reflecting changes in inventory valuation[17]. - The company reported an asset impairment loss of ¥47.78 million in Q3 2018, contrasting with a gain of ¥2.63 million in Q3 2017[30]. Research and Development - Research and development expenses for Q3 2018 were ¥2.62 million, significantly higher than ¥0.14 million in Q3 2017[30]. - Research and development expenses increased to ¥127,120.00 in Q3 2018 from ¥71,408.58 in Q3 2017, reflecting a focus on innovation[34]. Other Financial Information - Non-recurring gains and losses included government subsidies of CNY 11.92 million for the first nine months[8]. - The company reported a loss of CNY 6.19 million from other operating income and expenses for the first nine months[9]. - Cash and cash equivalents decreased by 34.51% from the beginning of the year, totaling ¥2,831,269,179.19[14]. - Derivative financial assets increased by 243.29%, reaching ¥767,917,188.44, primarily due to increased margin for futures hedging[14]. - Prepaid accounts increased by 51.81%, amounting to ¥1,317,061,930.73, indicating a rise in normal settlement period prepayments[14].