五矿资本(600390) - 2025 Q1 - 季度财报

Financial Performance - Total operating revenue for Q1 2025 was CNY 1,623,598,411.96, a decrease of 17.41% compared to the same period last year[5]. - Operating income increased by 134.75% to CNY 268,480,498.98, driven by the growth of the subsidiary Wukuang Industrial Financial Services[11]. - Net profit attributable to shareholders decreased by 58.17% to CNY 192,104,115.32, primarily due to changes in business structure and reduced commission income[11]. - Basic earnings per share fell by 75.00% to CNY 0.02, reflecting the decline in net profit[6]. - The weighted average return on equity decreased by 0.63 percentage points to 0.19%[6]. - Net cash flow from operating activities was negative at CNY -1,680,555,845.88, a decline of 427.17% year-on-year[5]. - Total revenue for Q1 2025 was CNY 1,623,598,411.96, a decrease of 17.4% compared to CNY 1,965,740,627.28 in Q1 2024[29]. - Net profit for Q1 2025 was CNY 226,112,058.55, down 62.7% from CNY 606,737,180.78 in Q1 2024[30]. - Operating profit decreased significantly to CNY 242,203,757.87 from CNY 790,882,947.10, a drop of 69.4%[30]. - The company reported a decrease in operating costs to CNY 1,363,626,787.18 from CNY 1,494,148,266.49, a decline of 8.7%[29]. - Other comprehensive income after tax for Q1 2025 was CNY 76,522,672.74, compared to CNY 168,739,772.56 in Q1 2024, a decrease of 54.7%[31]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 155,377,830,524.94, down 3.21% from the end of the previous year[6]. - The company's current assets totaled CNY 94.46 billion, down from CNY 97.37 billion, indicating a decrease of about 2.5%[25]. - Cash and cash equivalents decreased significantly from CNY 21.99 billion to CNY 15.47 billion, representing a decline of approximately 29.5%[24]. - The company's short-term borrowings were CNY 28.88 billion, slightly down from CNY 29.44 billion, showing a decrease of about 1.9%[25]. - Total liabilities decreased to CNY 93,300,654,581.11 from CNY 98,755,253,713.39, a reduction of 5.0%[27]. - The company’s total non-current liabilities decreased to CNY 13,619,975,664.50 from CNY 14,290,231,372.64, a decrease of 4.7%[27]. - The company’s total non-current assets were CNY 60.92 billion, down from CNY 63.16 billion, indicating a decrease of approximately 3.6%[25]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 141,414[14]. - The largest shareholder, China Minmetals Corporation, holds 2,117,064,042 shares, representing 47.07% of total shares[14]. - The second largest shareholder, Changsha Metallurgical Research Institute, holds 150,751,955 shares, representing 3.35%[14]. - The top ten shareholders collectively hold a significant portion of the company's shares, with the largest three being state-owned entities[15]. - The total number of preferred shareholders at the end of the reporting period is 28[16]. - The largest preferred shareholder, Shaanxi International Trust, holds 10,000,000 shares, representing 20.00%[16]. - The second largest preferred shareholder, Taiping Life Insurance, holds 6,700,000 shares, representing 13.40%[16]. - The company has not reported any changes in the shareholding structure due to margin trading or stock lending[15]. - There are no preferred shareholders with restored voting rights reported[18]. - The company is unaware of any other shareholders having related party relationships or acting in concert, aside from the known major shareholders[15]. Cash Flow Activities - In Q1 2025, the cash inflow from operating activities was CNY 2,699,628,001.95, a decrease of 48.7% compared to CNY 5,248,471,292.73 in Q1 2024[32]. - The net cash flow from operating activities was negative at CNY -1,680,555,845.88, contrasting with a positive CNY 513,658,700.46 in the same quarter last year[33]. - Cash inflow from investment activities totaled CNY 20,190,576,987.17, significantly up from CNY 11,227,824,634.52 in Q1 2024, marking an increase of 79.5%[33]. - The net cash flow from investment activities was CNY -2,669,318,161.21, compared to a positive CNY 1,538,320,903.79 in Q1 2024[33]. - Cash inflow from financing activities was CNY 206,609,861.66, a substantial increase from CNY 1,650,000.00 in Q1 2024[33]. - The net cash flow from financing activities was CNY -1,922,061,593.74, worsening from CNY -991,632,490.02 in the previous year[33]. - The total cash and cash equivalents at the end of Q1 2025 stood at CNY 16,046,869,739.03, down from CNY 21,942,028,148.72 at the end of Q1 2024[35]. - The company reported a significant increase in cash received from investment recoveries, amounting to CNY 20,147,272,631.07, compared to CNY 11,216,857,519.65 in the previous year[33]. - The total cash outflow from operating activities was CNY 4,380,183,847.83, slightly lower than CNY 4,734,812,592.27 in Q1 2024[33]. - The company experienced a cash decrease of CNY 6,272,338,427.61 in Q1 2025, contrasting with an increase of CNY 1,060,409,366.82 in Q1 2024[33].