宝地矿业(601121) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was CNY 304,662,900.03, representing a 24.79% increase compared to CNY 244,131,602.41 in the same period last year[4] - Net profit attributable to shareholders decreased by 50.29% to CNY 20,041,987.53 from CNY 40,320,780.66 year-on-year[4] - Basic and diluted earnings per share both decreased by 50.00% to CNY 0.025 from CNY 0.050[4] - Operating profit for Q1 2025 was ¥50,242,683.55, down 38.2% from ¥81,356,393.10 in Q1 2024[19] - Net profit for Q1 2025 was ¥41,740,649.27, a decrease of 39.8% compared to ¥69,084,868.33 in Q1 2024[20] Cash Flow - The net cash flow from operating activities fell by 70.87% to CNY 45,647,498.99, down from CNY 156,688,707.71 in the previous year[4] - In Q1 2025, the net cash flow from operating activities was $45,647,498.99, a decrease of 70.9% compared to $156,688,707.71 in Q1 2024[24] - Total cash inflow from operating activities in Q1 2025 was $230,208,914.17, down 47.7% from $441,087,976.61 in Q1 2024[24] - Cash outflow from operating activities in Q1 2025 was $184,561,415.18, a decrease of 35.0% compared to $284,399,268.90 in Q1 2024[24] - The company reported a significant decrease in cash received from operating activities, with a drop of $154,878,062.44 year-over-year[24] - The company experienced a net decrease in cash and cash equivalents of $494,948,311.92 in Q1 2025, contrasting with an increase of $156,555,971.04 in Q1 2024[25] Assets and Liabilities - Total assets at the end of the reporting period were CNY 6,582,620,981.47, a 0.79% increase from CNY 6,531,272,777.84 at the end of the previous year[5] - Total liabilities amounted to ¥2,666,242,811.96, slightly up from ¥2,663,886,137.71 in the previous period[17] - Non-current liabilities totaled ¥1,365,393,822.60, an increase from ¥1,325,975,118.50[17] - The company reported a significant increase in long-term borrowings, rising to ¥167,867,894.09 from ¥100,041,500.00[17] Shareholder Equity - Shareholders' equity attributable to the parent company increased by 0.79% to CNY 3,070,093,498.16 from CNY 3,046,008,479.50[5] - The company’s total equity increased to ¥3,916,378,169.51 from ¥3,867,386,640.13, reflecting a positive trend in shareholder value[17] Investments and Assets Management - The company reported non-recurring gains of CNY 1,933,182.05, with significant contributions from asset disposals and government subsidies[6] - The company plans to acquire 87% equity in Congling Energy through a combination of issuing shares and cash payments, which is expected to be classified as a related party transaction[12] - The company is not undergoing any major asset restructuring, and the actual controller will remain unchanged after the transaction[12] - The company’s intangible assets increased from RMB 2,713,424,666.01 to RMB 2,763,929,748.35, reflecting a growth of approximately 1.8%[15] Operational Metrics - The decline in net profit was primarily due to a decrease in the selling price of iron concentrate[7] - Research and development expenses for Q1 2025 were reported at ¥1,572,580.45, indicating ongoing investment in innovation[19] Current Assets - The company reported a total current assets of RMB 1,662,195,487.95 as of March 31, 2025, a decrease from RMB 1,723,387,748.95 on December 31, 2024, representing a decline of approximately 3.6%[15] - Cash and cash equivalents decreased significantly from RMB 887,331,253.59 to RMB 375,978,274.22, indicating a reduction of about 57.6%[15] - The company’s trading financial assets increased from RMB 360,766,962.76 to RMB 719,306,030.51, reflecting a growth of approximately 99.5%[15] - Accounts receivable rose sharply from RMB 11,505,890.36 to RMB 96,018,232.47, marking an increase of about 733.5%[15] - Inventory decreased from RMB 168,960,106.87 to RMB 119,671,368.86, a decline of approximately 29.2%[15] - Long-term equity investments remained relatively stable, with a slight decrease from RMB 274,253,171.38 to RMB 274,122,522.85[15] - Fixed assets increased from RMB 877,371,351.82 to RMB 895,997,740.91, showing a growth of about 2.1%[15]