2015-04-27 16:00Financial Performance - Operating revenue decreased by 27.46% to CNY 1,184,311,684.33 year-on-year[7] - Net profit attributable to shareholders decreased by 19.29% to CNY 304,530,072.31 compared to the same period last year[7] - Basic earnings per share decreased by 19.29% to CNY 0.06[7] - The weighted average return on equity decreased by 0.96 percentage points to 2.08%[7] - Total operating revenue for the current period is ¥1,184,311,684.33, a decrease of 27.5% compared to ¥1,632,541,316.38 in the previous period[44] - Operating profit for the current period is ¥319,203,086.10, down 19.6% from ¥396,708,260.26 in the previous period[44] - Net profit attributable to shareholders of the parent company is ¥304,530,072.31, a decrease of 19.3% compared to ¥377,319,717.46 in the previous period[44] - The company reported a total profit of ¥324,779,655.79, down 17.5% from ¥393,625,556.98 in the previous period[44] - The basic earnings per share for the current period is ¥0.06, compared to ¥0.07 in the previous period[45] - The company experienced a significant decrease in cash received from sales, totaling ¥831,199,883.16, down 54.0% from ¥1,809,883,592.15 in the previous period[49] - Other comprehensive income after tax for the current period is -¥121,420,533.16, compared to ¥100,443,901.60 in the previous period[44] - Investment income for the current period is ¥45,416,886.04, slightly down from ¥48,556,552.36 in the previous period[44] - The company has reported a decrease in management expenses to ¥76,559,865.83 from ¥90,635,530.36, a reduction of 15.5%[44] Assets and Liabilities - Total assets increased by 4.60% to CNY 29,345,587,067.38 compared to the end of the previous year[7] - Total liabilities rose to ¥14,013,481,374.94, up from ¥12,910,342,725.64, indicating an increase of about 8.54%[39] - Current liabilities totaled ¥4,159,269,721.71, compared to ¥2,999,873,822.35, reflecting a significant increase of approximately 38.67%[39] - The company's cash and cash equivalents decreased to ¥8,979,558,349.49 from ¥9,325,581,044.71 at the beginning of the year, representing a decline of approximately 3.7%[37] - Accounts receivable increased to ¥1,110,769,301.69 from ¥851,358,849.42, showing a growth of about 30.5%[37] - Inventory rose to ¥489,054,918.88 from ¥432,754,646.84, indicating an increase of approximately 13.0%[37] - Total current assets amounted to ¥15,959,620,713.22, up from ¥14,764,856,808.83, reflecting a growth of about 8.1%[37] - The company reported a significant increase in short-term borrowings to ¥1,600,361,200.00 from ¥305,950,000.00, a rise of approximately 423.36%[41] - Long-term investments increased to ¥4,850,487,267.30 from ¥4,408,443,173.36, showing a growth of approximately 10.00%[41] - Total non-current assets amounted to ¥9,087,576,952.38, up from ¥8,502,860,547.43, indicating an increase of about 6.84%[41] Cash Flow - Cash flow from operating activities showed a significant decline of 115.86%, resulting in a net cash outflow of CNY -78,962,309.21[7] - The net cash flow from operating activities was -78,962,309.21 RMB, a significant decrease compared to 497,770,618.07 RMB in the previous period[50] - Total cash inflow from financing activities was 2,264,070,572.00 RMB, while cash outflow was 1,058,225,030.57 RMB, resulting in a net cash flow of 1,205,845,541.43 RMB[51] - The cash and cash equivalents at the end of the period amounted to 5,279,558,349.49 RMB, down from 6,625,581,044.71 RMB at the beginning of the period[51] - The company reported a total cash inflow from investment activities of 30,000.00 RMB, with cash outflow of 1,472,219,074.48 RMB, leading to a net cash flow of -1,472,189,074.48 RMB[50] - Cash inflow from operating activities totaled 901,802,622.85 RMB, while cash outflow was 980,764,932.06 RMB, resulting in a negative cash flow[50] - The company received 4,916,264.63 RMB in tax refunds during the period[50] - The cash inflow from other operating activities was 65,686,475.06 RMB, compared to 46,533,387.87 RMB in the previous period[50] - The company incurred 1,412,000,000.00 RMB in cash payments for investments during the period[50] - The cash flow from financing activities included 1,807,120,572.00 RMB from borrowings[51] - The company experienced a negative impact of -716,852.96 RMB from exchange rate fluctuations on cash and cash equivalents[51] Shareholder Information - The total number of shareholders reached 50,948 at the end of the reporting period[11] - The largest shareholder, Luoyang Mining Group Co., Ltd., holds 35.00% of the shares[11] - The second-largest shareholder, Hongshang Industrial Holding Group Co., Ltd., holds 33.03% of the shares, with 196,730,000 shares pledged[11] Corporate Governance and Commitments - The company has committed to not engaging in any competitive business with its subsidiaries, ensuring no conflict with its operational scope[32] - The company plans to continue expanding its business scope while ensuring no competition arises with its existing operations[32] - The company will compensate Luoyang Molybdenum for any direct and indirect losses if the commitments are proven untrue or not adhered to[26] - 洛阳钼业将尽量避免与关联方产生交易，确保交易价格按照市场公认的合理价格确定[27] - 洛阳钼业的高级管理人员与公司签订相应的劳动合同，确保财务独立和独立的财务核算体系[28] - 洛阳钼业保证其主营业务的开展不依赖于股东及其他关联方，确保资产和人员的独立性[28] Other Income and Expenses - Financial expenses decreased by 79.12% to ¥5,773,336.06, mainly due to increased interest income from structured deposits[17] - The company reported a significant increase in other income, rising by 630.13% to ¥10,015,735.07, primarily from government subsidies[17] - The company has been recognized as a high-tech enterprise, continuing to enjoy a preferential corporate income tax rate of 15% for three more years[22] - The company plans to conduct a major technological renovation of its production system at the Luoyang Yongning Jin Lead Smelting Co., Ltd., which is expected to last until May 2015[21] - The company committed to not transferring or entrusting the management of its shares in Luoyang Molybdenum within twelve months from the completion of the acquisition[24]