CITIC Metal (SH:601061)2025-04-24 12:40Financial Performance - The company's operating revenue for Q1 2025 was CNY 28,248,544,221.59, representing a 5.28% increase compared to CNY 26,831,643,746.72 in the same period last year[4]. - Net profit attributable to shareholders reached CNY 570,866,311.58, a significant increase of 268.89% from CNY 154,753,847.05 year-on-year[4]. - The basic earnings per share rose to CNY 0.1165, reflecting a 268.67% increase compared to CNY 0.0316 in the previous year[4]. - The total operating revenue for Q1 2025 reached RMB 28.25 billion, an increase of 5.3% compared to RMB 26.83 billion in Q1 2024[21]. - The net profit for Q1 2025 was CNY 570.87 million, a significant increase from CNY 154.75 million in Q1 2024, representing a growth of 268.5%[23]. - The total comprehensive income for Q1 2025 was CNY 537.01 million, compared to CNY 269.54 million in Q1 2024, indicating a growth of 99.5%[23]. Cash Flow and Assets - The net cash flow from operating activities improved by 51.84%, reaching CNY -2,784,716,720.48, compared to CNY -5,782,306,349.69 in the same period last year[4]. - The net cash flow from operating activities for Q1 2025 was negative CNY 2.78 billion, an improvement from negative CNY 5.78 billion in Q1 2024[26]. - Cash and cash equivalents at the end of Q1 2025 stood at CNY 5.28 billion, a decrease from CNY 4.01 billion at the end of Q1 2024[27]. - Current assets as of March 31, 2025, totaled RMB 29.06 billion, up from RMB 26.94 billion as of December 31, 2024, reflecting a growth of 7.9%[16]. - The company's cash and cash equivalents stood at RMB 6.28 billion as of March 31, 2025, compared to RMB 6.20 billion at the end of 2024, showing a slight increase of 1.2%[16]. - The company reported a decrease in accounts receivable to RMB 2.35 billion as of March 31, 2025, down from RMB 2.92 billion at the end of 2024, a decline of 19.5%[16]. Liabilities and Equity - Total liabilities as of March 31, 2025, amounted to RMB 28.18 billion, an increase from RMB 26.14 billion at the end of 2024, representing a growth of 7.8%[18]. - The company's total equity as of March 31, 2025, was RMB 22.49 billion, up from RMB 21.95 billion at the end of 2024, representing a growth of 2.4%[18]. - Short-term borrowings increased to RMB 8.84 billion as of March 31, 2025, from RMB 8.01 billion at the end of 2024, reflecting a rise of 10.4%[17]. Operating Costs and Expenses - The total operating costs for Q1 2025 were approximately CNY 27.95 billion, an increase of 4.3% compared to CNY 26.79 billion in Q1 2024[22]. - Research and development expenses rose to CNY 8.84 million in Q1 2025, compared to CNY 1.39 million in Q1 2024, marking a growth of 532.5%[22]. - The company incurred financial expenses of CNY 120.60 million in Q1 2025, a decrease from CNY 299.43 million in Q1 2024[22]. Government Subsidies and Other Income - The company reported a government subsidy of CNY 1,165,705.73, which is closely related to its normal operations[6]. Strategic Focus - The company is focusing on enhancing its overseas project management, particularly in key projects like the Congo (Kinshasa) KK copper mine and the Peru Bomba copper mine, which are operating stably[9]. - The company has strengthened its risk management and market opportunity strategies in response to the volatile external environment and commodity price fluctuations[9]. Asset Growth - The total assets at the end of the reporting period were CNY 50,674,961,216.88, a 5.38% increase from CNY 48,089,498,597.48 at the end of the previous year[5]. - Non-current assets reached RMB 21.61 billion as of March 31, 2025, compared to RMB 21.15 billion at the end of 2024, indicating a growth of 2.2%[17]. - Inventory increased to RMB 12.47 billion as of March 31, 2025, compared to RMB 11.48 billion at the end of 2024, marking an increase of 8.7%[16].