2016-04-29 16:00Financial Performance - Operating revenue rose by 22.03% to CNY 19.40 billion year-on-year[4] - Net profit attributable to shareholders decreased by 87.87% to CNY 50.15 million compared to the same period last year[4] - Basic earnings per share fell by 84.21% to CNY 0.003[4] - The company reported a significant decrease in net profit attributable to shareholders due to hedging losses from rising metal prices, despite increased production and sales[12] - The company reported a decrease in other comprehensive income to -¥1.25 billion from -¥830 million, worsening by approximately 50%[38] - Net profit for the current period was ¥81,721,195, a decrease of 79.8% from ¥405,380,036 in the previous period[43] - The net profit attributable to the parent company was ¥63,760,733, down 84.7% from ¥414,977,600 in the previous period[43] - The company reported a total comprehensive income of -¥345,332,053, compared to ¥316,030,138 in the previous period[43] Assets and Liabilities - Total assets increased by 10.33% to CNY 92.58 billion compared to the end of the previous year[4] - Current liabilities rose to ¥39.55 billion, compared to ¥31.53 billion, marking an increase of about 25.5%[37] - Non-current liabilities totaled ¥21.33 billion, up from ¥20.46 billion, reflecting a growth of approximately 4.2%[37] - The company’s total liabilities increased to ¥60.89 billion from ¥51.99 billion, reflecting a growth of approximately 17%[37] - Owner's equity decreased to ¥31.69 billion from ¥31.93 billion, a decline of about 0.75%[38] - The total owner's equity attributable to the parent company decreased to ¥27.23 billion from ¥27.54 billion, a decline of about 1.13%[38] Cash Flow - Cash flow from operating activities dropped by 68.26% to CNY 442.06 million year-to-date[4] - Cash flow from financing activities increased significantly, reaching ¥7,216,676,600, primarily due to bond issuance[27][28] - The net cash flow from operating activities was CNY 442,059,498, a decrease of 68.3% compared to CNY 1,392,559,072 in the previous period[49] - Total cash inflow from financing activities reached CNY 16,865,161,958, significantly higher than CNY 2,818,571,207 in the prior period[50] - The company paid CNY 9,335,649,748 for debt repayment, which is significantly higher than CNY 2,635,821,137 in the previous period[50] Production and Sales - Gold production from mining reached 10,262 kg, up from 8,309 kg in 2015, while sales volume increased to 10,382 kg from 7,590 kg[14] - The average price of gold per gram was 222.79 yuan, a slight decrease of 0.85% from 224.69 yuan in the previous year[14] - The company’s zinc production from smelting was 57,344 tons, with a gross profit margin of 7.39%, up from 3.06% in the previous year[15] Expenses - Financial expenses rose to 277.71 million yuan, a significant increase of 59.53% compared to 174.08 million yuan in the previous year, primarily due to expanded financing and interest expenses from new projects[20] - The company’s management expenses increased by 13.42% to 700.15 million yuan, mainly due to new acquisitions and the launch of new enterprises[19] - Total operating costs increased to ¥18,562,418,878, up 19.2% from ¥15,569,640,198 in the previous period[42] Shareholder Information - The number of shareholders reached 1,024,472 by the end of the reporting period[9] - The top shareholder, Hong Kong Securities Clearing Company Limited, holds 26.55% of shares[9] Investment and Financing - The company issued bonds totaling ¥80 billion, with the first phase of issuance amounting to ¥30 billion at a coupon rate of 2.99%[30][31] - The company received CNY 11,638,200,450 from borrowings, a substantial increase from CNY 1,122,441,154 in the last period[52] Risk Management - The company is enhancing risk management and implementing hedging strategies for future sales of gold, copper, and zinc[29] - The company anticipates potential significant fluctuations in net profit due to volatility in metal prices, including gold, copper, and zinc[33]