2017-04-27 16:00Financial Performance - Total revenue for Q1 2017 reached CNY 5,782,530,324.59, a significant increase of 399.64% compared to CNY 1,157,332,634.76 in Q1 2016[12] - Net profit attributable to shareholders was CNY 597,220,432.49, up 323.28% from CNY 141,091,827.38 in the same period last year[6] - Basic earnings per share increased to CNY 0.04, a 300% rise from CNY 0.01 in Q1 2016[6] - Total operating revenue for Q1 2017 was approximately CNY 5.78 billion, a significant increase from CNY 1.16 billion in the same period last year, representing a growth of over 400%[38] - Net profit for Q1 2017 reached CNY 998.7 million, compared to CNY 134.67 million in the previous year, indicating a year-over-year increase of approximately 641%[38] - Operating profit for the same period was CNY 1.49 billion, up from CNY 232.41 million, reflecting a growth of about 541%[38] - The total comprehensive income for Q1 2017 was CNY 915.46 million, compared to CNY 277.33 million in the same quarter last year, representing a growth of approximately 230%[39] - The total profit before tax for Q1 2017 was CNY 1.49 billion, compared to CNY 216.95 million in the previous year, indicating a growth of about 588%[38] Cash Flow - Operating cash flow for the period was CNY 1,427,245,427.86, representing a remarkable increase of 438.98% compared to CNY 264,806,530.63 in Q1 2016[6] - Cash flow from operating activities was CNY 5.25 billion, a substantial increase from CNY 886.27 million in the previous year, indicating a growth of over 493%[42] - The net cash flow from operating activities for Q1 2017 was CNY 1,427,245,427.86, compared to CNY 264,806,530.63 in the previous year, indicating a significant increase[43] - The net cash flow from investment activities decreased by RMB 200,255,059.39 compared to the previous year due to a significant reduction in the recovery of maturing financial products[15] - The net cash flow from financing activities decreased by RMB 1,203,127,026.92 compared to the previous year due to a reduction in external financing borrowings[15] - The total cash inflow from investment activities was CNY 505,500,073.28, down from CNY 1,834,856,570.26 in the previous year, reflecting a decrease in investment returns[44] - The net cash flow from investment activities was -CNY 126,684,281.44, compared to -CNY 99,330,670.14 in the previous year, indicating a worsening investment position[47] - The company reported a net decrease in cash and cash equivalents of -CNY 433,630,617.04 for the quarter, contrasting with an increase of CNY 1,888,769,290.25 in the previous year[47] Costs and Expenses - The total cost of sales for Q1 2017 was CNY 4,317,827,973.83, an increase of 344.41% compared to CNY 971,581,521.22 in Q1 2016[12] - The company experienced a tax expense of CNY 494.38 million, compared to CNY 82.28 million in the previous year, which is an increase of approximately 501%[38] - The company paid CNY 1,497,728,876.92 in debt repayments, which is an increase from CNY 1,317,666,146.00 in the previous year, reflecting higher debt servicing costs[47] - The cash outflow for operating activities totaled CNY 558,094,000.19, compared to CNY 317,266,802.41 in the previous year, indicating increased operational expenses[46] Assets and Liabilities - The company reported a total asset value of CNY 88,088,331,052.87, a slight decrease of 0.07% from CNY 88,146,838,598.46 at the end of the previous year[6] - Current liabilities totaled CNY 15,899,964,550.42, compared to CNY 15,981,674,825.96 at the start of the year, indicating a decrease of approximately 0.51%[30] - Non-current liabilities decreased from CNY 37,828,236,805.13 to CNY 37,262,155,174.30, reflecting a reduction of about 1.5%[31] - The company's total liabilities decreased from CNY 53,809,911,631.09 to CNY 53,162,119,724.72, a decline of approximately 1.2%[31] - Owner's equity increased from CNY 34,336,926,967.37 to CNY 34,926,211,328.15, representing an increase of about 1.72%[31] - The company's total liabilities and owner's equity totaled CNY 36,727,279,319.20, up from CNY 35,737,021,564.02, indicating an increase of about 2.77%[35] Production and Operations - The company produced 4,069 tons of molybdenum concentrate with a cash production cost of RMB 54,696 per ton in Q1 2017[15] - The tungsten segment produced 2,739 tons of tungsten concentrate at a cash production cost of RMB 16,057 per ton in Q1 2017[16] - The copper and cobalt segment achieved a copper production of 53,883 tons with a C1 cash cost of $0.42 per pound in Q1 2017[17] Shareholder Information - The company had a total of 226,044 shareholders at the end of the reporting period[8]