西部黄金(601069) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was CNY 1,942,898,479.19, representing a 36.06% increase compared to CNY 1,427,943,273.59 in the same period last year[5] - Net profit attributable to shareholders was CNY 34,613,852.86, a 7.79% increase from CNY 32,113,671.53 year-on-year[5] - Basic earnings per share increased to CNY 0.0377, up 7.71% from CNY 0.0350 in the same period last year[5] - Net profit for Q1 2025 was ¥26,097,829.08, a decrease of 19% compared to ¥32,125,010.24 in Q1 2024[19] - Earnings per share for Q1 2025 were ¥0.0377, compared to ¥0.0350 in Q1 2024[20] Cash Flow - The net cash flow from operating activities was negative at CNY -159,251,742.40, a significant decrease of 168.62% compared to CNY 232,063,472.54 in the previous year[5] - Cash inflow from operating activities for Q1 2025 was $2,563,012,658.09, a significant increase from $1,497,175,734.72 in Q1 2024, representing a growth of approximately 71.2%[21] - Net cash flow from operating activities for Q1 2025 was -$159,251,742.40, compared to a positive $232,063,472.54 in Q1 2024, indicating a decline in operational profitability[22] - Cash inflow from financing activities for Q1 2025 was $698,349,760.00, compared to $318,694,600.00 in Q1 2024, marking an increase of approximately 119.5%[22] - The ending cash and cash equivalents balance for Q1 2025 was $954,863,087.35, compared to $738,604,897.92 in Q1 2024, showing an increase of about 29.2%[22] Assets and Liabilities - Total assets at the end of the reporting period were CNY 7,500,415,848.13, a decrease of 1.65% from CNY 7,626,264,860.10 at the end of the previous year[6] - The company reported a total liability of ¥2,833,259,739.94, down from ¥2,988,192,702.26 in the previous period[16] - The total equity attributable to shareholders was ¥4,674,452,685.39, an increase from ¥4,636,764,819.02[17] - The company’s total non-current liabilities increased to ¥1,651,566,706.05 from ¥1,498,097,414.25[16] Research and Development - Research and development expenses increased by 106.50% due to the expansion of R&D projects during the reporting period[9] - Research and development expenses for Q1 2025 were ¥3,700,731.97, significantly higher than ¥1,792,146.28 in Q1 2024, indicating increased investment in innovation[18] Inventory and Operating Costs - The company's inventory increased by 40.21%, primarily due to a rise in manganese product stock[9] - The company experienced a 42.80% increase in operating costs, driven by higher procurement prices for standard gold compared to the previous year[9] - Total operating costs for Q1 2025 were ¥1,897,559,972.21, up 40% from ¥1,354,214,017.81 in Q1 2024[18] Shareholder Information - The total number of common shareholders at the end of the reporting period is 58,959[11] - The largest shareholder, Xinjiang Nonferrous Metals Industry (Group) Co., Ltd., holds 505,292,451 shares, accounting for 55.06% of the total shares[12] Other Financial Metrics - The weighted average return on equity was 0.74%, a slight increase from 0.73%[5] - The company’s investment income for Q1 2025 was ¥1,350,978.67, recovering from a loss of ¥13,158,567.98 in Q1 2024[19] - Cash received from sales and services in Q1 2025 was $2,477,095,204.60, significantly higher than $1,474,217,784.76 in Q1 2024, indicating a growth of approximately 68.0%[21] - Cash paid for goods and services in Q1 2025 was $2,481,633,277.48, compared to $1,102,875,398.87 in Q1 2024, reflecting an increase of about 125.0%[21] Accounting Standards - The company will not apply new accounting standards starting from 2025, as indicated in the announcement[23]