白银有色(601212) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was ¥18,095,076,394.64, a decrease of 18.48% compared to ¥22,197,199,671.92 in the same period last year[4] - The net profit attributable to shareholders was -¥44,081,788.17, an improvement from -¥84,472,058.29 year-on-year[4] - The net cash flow from operating activities increased significantly to ¥2,547,025,648.95, compared to ¥318,061,213.52 in the previous year[4] - Total operating revenue for Q1 2025 was ¥18,095,076,394.64, a decrease of 18.9% compared to ¥22,197,199,671.92 in Q1 2024[20] - Net profit for Q1 2025 was ¥135,966,555.04, compared to ¥26,607,612.66 in Q1 2024, indicating a significant increase[21] - The company reported a loss of ¥44,081,788.17 attributable to shareholders of the parent company in Q1 2025, an improvement from a loss of ¥84,472,058.29 in Q1 2024[21] - The company’s total comprehensive income for Q1 2025 was a loss of ¥333,970,244.47, compared to a gain of ¥143,302,831.27 in Q1 2024[22] - The basic and diluted earnings per share for Q1 2025 were both -0.006, compared to -0.011 in Q1 2024[22] Assets and Liabilities - The total assets at the end of the reporting period were ¥51,874,473,018.10, reflecting a 2.53% increase from ¥50,593,660,001.66 at the end of the previous year[5] - Total liabilities as of the reporting date were ¥33,805,661,075.92, an increase from ¥32,181,508,557.54 year-over-year[17] - Total equity attributable to shareholders of the parent company decreased to ¥15,021,169,337.79 from ¥15,536,899,044.43[17] - Current assets decreased to RMB 29.49 billion from RMB 31.22 billion, primarily due to a reduction in cash and cash equivalents[15] - The company's long-term equity investments rose significantly to RMB 3.59 billion from RMB 534.77 million[15] Production and Sales - In Q1 2025, the company's total production of copper, zinc, and lead products reached 209,800 tons, a year-on-year increase of 0.53%[12] - Copper production was 92,500 tons, up 2.51% year-on-year; lead production increased by 30.24% to 7,100 tons; while zinc production decreased by 2.48% to 110,200 tons[12] - Gold production rose significantly by 73.69% to 5,656 kg, with the first quarter contributing 528 kg[12] - Silver production increased by 16.64% to 140 tons, attributed to enhanced procurement strategies[12] - The company's total sales volume of copper, zinc, and lead products was 179,600 tons, with copper sales down 8.80% to 80,500 tons[13] - Gold sales surged by 97.41% to 5,499.87 kg, while silver sales plummeted by 89.71% to 12.35 tons[13] Cash Flow - The company’s cash flow from operating activities for Q1 2025 showed a significant change, reflecting ongoing operational adjustments[23] - In Q1 2025, the net cash flow from operating activities was CNY 2,547,025,648.95, a significant increase from CNY 318,061,213.52 in Q1 2024, representing an increase of approximately 696%[26] - Total cash inflow from operating activities in Q1 2025 was CNY 23,473,888,807.93, compared to CNY 25,715,372,380.59 in Q1 2024, indicating a decrease of about 8.6%[26] - Cash outflow from operating activities in Q1 2025 was CNY 20,926,863,158.98, down from CNY 25,397,311,167.07 in Q1 2024, reflecting a decrease of approximately 17.5%[26] - Cash flow from investment activities in Q1 2025 was negative at CNY -3,312,074,563.37, compared to CNY -168,331,660.61 in Q1 2024, indicating a worsening of investment cash flow[26] - Cash inflow from financing activities in Q1 2025 was CNY 4,219,395,900.00, down from CNY 5,099,896,549.14 in Q1 2024, a decrease of about 17.3%[26] - The net cash flow from financing activities in Q1 2025 was CNY -971,947,806.80, contrasting with a positive net cash flow of CNY 387,020,330.06 in Q1 2024[26] - The ending cash and cash equivalents balance for Q1 2025 was CNY 7,290,566,955.70, compared to CNY 5,349,321,148.34 in Q1 2024, showing an increase of approximately 36.3%[27] - The company reported a cash inflow from the sale of goods and services of CNY 23,166,366,591.17 in Q1 2025, down from CNY 25,637,553,521.83 in Q1 2024, a decrease of about 9.6%[25] - The company paid CNY 741,297,710.81 in cash to employees in Q1 2025, an increase from CNY 661,635,822.00 in Q1 2024, representing an increase of approximately 12%[26] - The company’s cash outflow for taxes in Q1 2025 was CNY 536,451,364.31, compared to CNY 369,782,856.12 in Q1 2024, indicating an increase of about 45%[26] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 126,313[10] - The top shareholder, CITIC Guoan Industrial Group Co., Ltd., held 30.3% of the shares, with a total of 2,250,000,000 shares[10] Strategic Initiatives - The company's prepayments increased by 187.27%, indicating a rise in unsettled raw material procurement payments[7] - The company's operating profit saw a significant increase of 70.27%, attributed to higher gross profits from non-ferrous metals compared to the same period last year[8] - The net profit increased by 411.01%, driven by improved gross margins in the non-ferrous metals sector[8] - The company aims to maximize production capacity through strategic procurement of raw materials, enhancing overall output[12] - Research and development expenses increased to ¥54,843,446.65 in Q1 2025, up from ¥15,140,408.44 in Q1 2024, representing a growth of 262.5%[20] - Total operating costs for Q1 2025 were ¥17,546,350,436.64, down from ¥22,010,093,824.37 in Q1 2024, reflecting a reduction of 20.1%[20] - The weighted average return on net assets improved to -0.29%, up by 0.27 percentage points from -0.56%[5]