中矿资源(002738) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was ¥1,536,394,281.81, representing a 36.37% increase compared to ¥1,126,629,911.71 in the same period last year[3]. - Net profit attributable to shareholders decreased by 47.38% to ¥134,780,160.94 from ¥256,150,429.61 year-on-year[3]. - The net profit after deducting non-recurring gains and losses fell by 81.28% to ¥42,732,890.88 compared to ¥228,330,766.83 in the previous year[3]. - Basic and diluted earnings per share decreased by 46.83% to ¥0.1868 from ¥0.3513 year-on-year[3]. - Net profit for the current period was ¥134,199,770.85, down from ¥251,426,129.15 in the previous period, reflecting a decline of approximately 46.6%[22]. - The total comprehensive income attributable to the parent company was approximately ¥123.85 million, down from ¥249.34 million, reflecting a decrease of 50.3%[23]. Cash Flow - The net cash flow from operating activities was negative at -¥796,640,098.91, a significant decline of 1,438.24% from -¥51,788,961.74 in the same period last year[3]. - The net cash flow from operating activities was -¥796,640,098.92 in Q1 2025, a significant decline of 1,438.24% compared to -¥51,788,961.74 in Q1 2024, primarily due to payments for the buyout of commissioned copper concentrate processing[8]. - The company reported a net cash flow from financing activities of ¥671,367,111.30 in Q1 2025, a 240.48% increase from -¥477,893,496.14 in Q1 2024, mainly due to obtaining short-term loans for funding[8]. - Cash flow from operating activities showed a net outflow of approximately ¥796.64 million, worsening from a net outflow of ¥51.79 million in the previous period[25]. - Cash inflow from investment activities totaled approximately ¥2.04 billion, significantly up from ¥505.88 million, while cash outflow was approximately ¥2.19 billion, leading to a net outflow of ¥149.65 million[25]. - Cash flow from financing activities resulted in a net inflow of approximately ¥671.37 million, a recovery from a net outflow of ¥477.89 million in the previous period[26]. Assets and Liabilities - Total assets increased by 5.54% to ¥18,145,071,592.48 from ¥17,192,842,452.12 at the end of the previous year[3]. - Current liabilities rose to ¥4,007,944,780.91, up from ¥3,317,544,123.36, which is an increase of approximately 20.8%[19]. - The total liabilities increased to ¥5,534,507,528.30 from ¥4,704,787,109.12, indicating a rise of about 17.6%[19]. - The total equity attributable to shareholders increased to ¥12,305,127,201.70 from ¥12,181,272,440.60, showing a growth of about 1.0%[19]. Inventory and Receivables - The company's inventory rose by 46.68% to ¥3,142,228,947.15, primarily due to the buyout of commissioned processed copper concentrate[7]. - Accounts receivable fell to 615,848,705.43 RMB from 776,364,988.13 RMB[16]. - The company reported a significant increase in receivables financing, which rose by 519.58% to ¥357,092,247.65, mainly due to an increase in bank acceptance bills[7]. Research and Development - Research and development expenses rose by 81.27% to ¥24,349,244.01 in Q1 2025, up from ¥13,432,780.13 in Q1 2024, reflecting increased investment in R&D projects[8]. - Research and development expenses for the current period were ¥24,349,244.01, compared to ¥13,432,780.13 in the previous period, indicating an increase of approximately 81.1%[22]. Tax and Financial Expenses - The company's tax expenses increased significantly, with income tax expenses reaching ¥66,026,816.55, reflecting a 325.46% increase compared to the previous period[8]. - The company reported a financial expense of ¥19,280,787.53, a decrease from ¥136,054,149.68 in the prior period, reflecting a reduction of about 85.8%[22]. Business Segments and Sales - In Q1 2025, the company achieved lithium salt product sales of 8,964.43 tons, a year-on-year increase of 13%[13]. - The revenue from rare light metals (cesium and rubidium) reached 345 million RMB, a year-on-year growth of 94%, with a gross profit of 231 million RMB, up 92%[13]. - The cesium salt product sales in the fine chemical business increased by 78%, totaling 265 dry tons[13]. - The copper smelting business at the Namibia Tsumeb plant reported a net loss of 100,450,099.55 RMB due to a significant decline in processing fees caused by global copper concentrate supply tightness[14]. - The company has implemented cost reduction and efficiency enhancement measures to mitigate losses in the copper smelting business[14]. Other Information - The total number of ordinary shareholders at the end of the reporting period was 63,517, with no preferred shareholders with restored voting rights[9]. - The company has completed the name change for its subsidiaries to enhance product recognition and consistency[14]. - Cash and cash equivalents at the end of Q1 2025 were 3,562,467,576.83 RMB, down from 4,084,374,474.63 RMB at the beginning of the period[16]. - The company’s trading financial assets decreased to 120,417,126.05 RMB from 180,731,250.00 RMB[16]. - The company received approximately ¥1.25 billion in cash from sales of goods and services, an increase from the previous period's cash inflow of ¥1.18 billion[24]. - The company reported a tax refund of approximately ¥138.61 million, compared to ¥11.27 million in the previous period, indicating a significant increase[25]. - The company did not undergo an audit for the first quarter report[27].