紫金矿业(601899) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was CNY 78.93 billion, an increase of 5.55% compared to CNY 74.78 billion in the same period last year[3]. - Total profit for the quarter reached CNY 14.69 billion, representing a significant growth of 66.37% from CNY 8.83 billion year-over-year[3]. - Net profit for Q1 2025 was CNY 12.46 billion, up 62.96% from CNY 7.65 billion in the previous year[3]. - The net profit attributable to shareholders was CNY 10.17 billion, reflecting a 62.39% increase compared to CNY 6.26 billion in the same quarter last year[3]. - Basic earnings per share increased to CNY 0.383, up 60.92% from CNY 0.238 in the same period last year[4]. - Total revenue for Q1 2025 reached ¥78.93 billion, an increase of 5.7% compared to ¥74.78 billion in Q1 2024[22]. - Operating profit for Q1 2025 was ¥15.14 billion, up 66.7% from ¥9.08 billion in Q1 2024[22]. - The net profit for Q1 2025 was ¥12.46 billion, compared to ¥7.65 billion in Q1 2024, indicating a significant increase of 63.5%[23]. Cash Flow and Liquidity - The net cash flow from operating activities was CNY 12.53 billion, a rise of 53.31% from CNY 8.17 billion year-over-year[4]. - Cash and cash equivalents increased to ¥40.22 billion as of March 31, 2025, compared to ¥31.69 billion at the end of 2024, representing a growth of 27.5%[17]. - The cash and cash equivalents at the end of Q1 2025 amounted to ¥37.31 billion, up from ¥20.30 billion at the end of Q1 2024, indicating a growth of 83.8%[26]. - The company reported a cash increase of $2,008,969,836 during the period, compared to $103,837,435 in the previous period, indicating a significant improvement[34]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 411.65 billion, a 3.79% increase from CNY 396.61 billion at the end of the previous year[4]. - Total assets amounted to ¥411.65 billion as of March 31, 2025, compared to ¥396.61 billion at the end of 2024, indicating a growth of 3.8%[19]. - Total liabilities increased to ¥225.95 billion as of March 31, 2025, from ¥218.88 billion at the end of 2024, marking a rise of 3.1%[19]. - The company's total equity rose to CNY 56,793,537,820, compared to CNY 56,158,645,066, an increase of 1.1%[29]. Production and Operational Metrics - In Q1 2025, the company achieved a gold production of 19,065 kg, a 13% increase year-on-year, while copper production rose by 9% to 287,571 tons[10]. - The company’s copper production from the Kamoa project reached 59,163 tons in Q1 2025, up from 38,816 tons in Q1 2024[11]. - The production of zinc decreased by 10% year-on-year to 88,215 tons in Q1 2025[10]. - The gross margin for the mining sector was 59.94%, an increase of 5.44 percentage points year-on-year[11]. Costs and Expenses - The unit sales cost for gold increased to RMB 251.08 per kg in Q1 2025, compared to RMB 222.95 per kg in Q1 2024[13]. - The company noted an increase in mining costs due to declining ore grades and increased transportation distances[11]. - Total operating costs decreased to ¥65.88 billion in Q1 2025 from ¥66.68 billion in Q1 2024, reflecting a reduction of 1.2%[22]. - Research and development expenses were ¥328.20 million in Q1 2025, marginally up from ¥326.10 million in Q1 2024[22]. Shareholder Information - The company reported a total of 369,956 common shareholders at the end of the reporting period[8]. - The top shareholder, Minxi Xinghang State-owned Assets Investment Management Co., Ltd., holds 22.89% of the shares, totaling 6.08 billion shares[8]. Investment Activities - The company reported an investment income of ¥1.53 billion in Q1 2025, significantly higher than ¥790.73 million in Q1 2024[22]. - Cash inflow from investment activities totaled $4,995,210,158, a significant increase from $1,634,519,785 in the previous period, reflecting a growth of approximately 205%[34]. - Cash outflow from investment activities was $5,915,020,580, compared to $2,171,472,293 in the prior period, indicating an increase of about 172%[34]. - Net cash flow from investment activities was -$919,810,422, worsening from -$536,952,508 year-over-year[34].