JCHX(603979)2025-04-24 14:00Financial Performance - The company's operating revenue for Q1 2025 reached CNY 2,810,907,853.68, representing a 42.49% increase compared to CNY 1,972,694,120.13 in the same period last year[3]. - Net profit attributable to shareholders was CNY 421,923,633.87, up 54.10% from CNY 273,789,839.97 year-on-year[3]. - Basic earnings per share increased to CNY 0.68, reflecting a growth of 51.11% from CNY 0.45 in the same quarter last year[3]. - The company's total revenue for Q1 2025 reached RMB 279,517.40 million, representing a 44.08% increase year-over-year[9]. - The gross profit for the same period was RMB 93,452.34 million, showing a 62.51% increase compared to the previous year[9]. - Operating profit for Q1 2025 was ¥642,340,042.55, compared to ¥350,363,344.95 in Q1 2024, reflecting an increase of 83.5%[19]. - Net profit for Q1 2025 was ¥425,793,301.88, a 56.7% increase from ¥271,707,262.63 in Q1 2024[19]. - The company reported a comprehensive income total of ¥458,811,575.65 for Q1 2025, compared to ¥246,521,147.46 in Q1 2024[20]. Cash Flow and Liquidity - The net cash flow from operating activities surged to CNY 493,761,013.26, a significant increase of 614.90% compared to CNY 69,067,207.44 in the previous year[3]. - Cash flow from operating activities for Q1 2025 was approximately $493.76 million, a significant increase from $69.07 million in Q1 2024, representing a growth of over 613%[22]. - Total cash inflow from operating activities in Q1 2025 reached approximately $2.67 billion, compared to $1.88 billion in Q1 2024, indicating a year-over-year increase of about 42.4%[23]. - The net increase in cash and cash equivalents for Q1 2025 was approximately $809.87 million, contrasting with a decrease of $269.88 million in Q1 2024[24]. - The ending balance of cash and cash equivalents for Q1 2025 was approximately $3.35 billion, up from $1.47 billion in Q1 2024, marking an increase of about 127.5%[24]. - The company received approximately $884.10 million in cash from borrowings in Q1 2025, a substantial increase from $325.41 million in Q1 2024, representing a growth of about 171%[24]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 18,061,973,307.31, marking a 6.37% increase from CNY 16,980,646,682.64 at the end of the previous year[3]. - As of March 31, 2025, the company's total current assets amounted to RMB 9,091,255,252.42, an increase from RMB 8,064,743,706.92 at the end of 2024[14]. - Total liabilities increased to ¥8,543,681,594.17 from ¥7,922,269,351.72, marking a rise of 7.8%[16]. - Non-current liabilities rose to ¥2,753,934,432.95, up from ¥2,121,696,666.30, indicating a significant increase of 29.8%[16]. Investments and Development - The company reported a significant increase in construction in progress by 81.16%, primarily due to investments in the infrastructure of the Two Branch River Phosphate Mine and copper mine technical upgrades[5]. - The company is focusing on expanding its mining resource development, particularly in copper and phosphate products, to enhance revenue streams[10]. - Long-term borrowings rose by 76.75%, mainly due to the addition of USD 85 million in syndicated financing during the reporting period[5]. Other Financial Metrics - The weighted average return on equity improved to 4.58%, an increase of 0.84 percentage points from the previous year[3]. - The company recognized non-recurring gains of CNY 12,922,225.14, primarily from the disposal of non-current assets and government subsidies[4]. - The total amount of convertible bonds issued was RMB 100,000.00 million, with RMB 504,022,000 converted into shares, accounting for 6.92% of the total shares before conversion[8]. - The company produced 1.75 million tons of copper equivalent and sold 1.89 million tons in Q1 2025[10]. - Cash paid to employees in Q1 2025 was approximately $582.89 million, an increase from $499.96 million in Q1 2024, reflecting a growth of about 16.5%[23]. - Cash paid for taxes in Q1 2025 was approximately $325.48 million, compared to $273.72 million in Q1 2024, showing an increase of about 19%[23].