云南铜业(000878) - 2025 Q1 - 季度财报

Revenue and Profit - The company's revenue for Q1 2025 was ¥37,754,018,524.02, representing a 19.71% increase compared to ¥31,538,978,108.10 in the same period last year[5] - Net profit attributable to shareholders was ¥559,690,525.69, up 23.97% from ¥451,486,916.95 year-on-year[5] - Basic earnings per share rose to ¥0.2793, reflecting a 23.97% increase from ¥0.2253 in the same period last year[5] - The company reported a net profit increase of CNY 182 million from the asset sale, contributing positively to the financial outlook for 2025[20] - Net profit rose to ¥735,250,247.50, up from ¥666,651,129.23, representing an increase of about 10.5% year-over-year[27] Cash Flow and Operating Activities - The net cash flow from operating activities improved significantly, reaching -¥1,706,913,400.49, a 72.25% increase compared to -¥6,150,053,067.58 in the previous year[5] - Cash received from operating activities increased by 67.39% to ¥329,815,249.22, mainly due to an increase in performance bonds received[13] - The company recorded a net cash outflow from operating activities of ¥1,706,913,400.49, an improvement from a net outflow of ¥6,150,053,067.58 in the previous period[29] - Financing activities generated a net cash inflow of ¥4,440,816,940.10, down from ¥6,316,173,498.64 in the previous year[30] Assets and Liabilities - Total assets at the end of the reporting period were ¥49,256,476,863.70, a 13.09% increase from ¥43,556,755,723.17 at the end of the previous year[5] - The company's total liabilities increased to CNY 30.73 billion from CNY 25.11 billion, representing a rise of about 22.5%[25] - The company's cash and cash equivalents increased by 154.10%, reaching ¥4,565,142,059.32, primarily to meet production and operational needs[10] - Inventory levels increased to CNY 14.99 billion from CNY 12.65 billion, which is an increase of about 18.5%[23] Investment and Income - The company reported a significant increase in investment income, which reached ¥89,112,308.87, a 96.43% increase compared to ¥45,366,112.50 in the previous year[12] - The total comprehensive income attributable to shareholders decreased by 49.58% to ¥129,419,421.73, primarily due to increased floating losses from hedging activities[12] - The company incurred financial expenses of ¥130,297,104.44, an increase from ¥98,026,780.30, representing a rise of about 32.8% year-over-year[27] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 143,290[16] - The largest shareholder, Yunnan Copper (Group) Co., Ltd., holds 31.82% of the shares, totaling 637,469,718 shares[16] Production and Operations - The company produced 348,900 tons of cathode copper, a year-on-year increase of 48.15%, and 5.80 tons of gold, up 95.63%[19] - The company completed the sale of certain assets from the Wangjiqiao plant of Southwest Copper, generating a transaction price of CNY 446.74 million, which is expected to increase net profit by CNY 182 million in 2025[20] - The company established a new holding subsidiary in Liangshan, Sichuan, with a registered capital of CNY 500 million, where the company holds a 60% stake, aimed at enhancing the copper smelting industry chain and expanding sales in the Chengdu-Chongqing area[21] Research and Development - R&D expenses increased to ¥63,956,295.01 from ¥82,138,736.58, reflecting a decrease of approximately 22.2% year-over-year[27]