招金矿业(01818) - 2023 Q1 - 季度业绩

Report Introduction and Important Notice Report Statement and Basis of Publication This report presents the unaudited consolidated financial data of Zhaojin Mining Industry Co., Ltd. for the first quarter of 2023, published in accordance with Hong Kong Listing Rules and relevant Chinese regulations, and posted on China Money Network and Shanghai Clearing House websites - This announcement is made pursuant to Rules 13.09(2) and 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and the Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong)[1] - The Company's unaudited quarterly results must be published on China Money Network (http://www.chinamoney.com.cn) and Shanghai Clearing House website (http://www.shclearing.com) during the tenure of the medium-term notes[1] - This report contains unaudited consolidated financial data for the first quarter prepared in accordance with Chinese accounting standards for the three months ended March 31, 2023[1] Board of Directors Information As of the announcement date, the Board of Directors of Zhaojin Mining Industry Co., Ltd. comprises 10 members, including executive directors, non-executive directors, and independent non-executive directors - Executive Directors include Mr. Jiang Guipeng, Mr. Duan Lei, Mr. Wang Ligang, and Mr. Chen Lunan[18] - Non-executive Directors include Mr. Long Yi, Mr. Li Guanghui, and Mr. Luan Wenjing[18] - Independent Non-executive Directors include Ms. Chen Jinrong, Mr. Cai Sicong, Mr. Wei Junhao, and Mr. Shen Shifu[18] Consolidated Financial Statements Consolidated Balance Sheet As of March 31, 2023, Zhaojin Mining's total consolidated assets increased by 5.3% to RMB 48.186 billion, driven by cash and other receivables, with total liabilities up 9.3% and owners' equity slightly higher Consolidated Balance Sheet Key Data (2022-12-31 vs 2023-03-31) | Indicator | 2022-12-31 (RMB) | 2023-03-31 (RMB) | Change Rate | | :--- | :--- | :--- | :--- | | Total Assets | 45,763,988,837.49 | 48,185,692,193.50 | +5.30% | | Total Current Assets | 13,007,800,189.68 | 15,551,008,337.44 | +19.55% | | Cash and Cash Equivalents | 4,007,618,154.06 | 5,481,618,598.26 | +36.78% | | Other Receivables | 264,924,334.88 | 848,570,952.77 | +220.31% | | Total Liabilities | 25,796,631,736.18 | 28,193,753,504.41 | +9.30% | | Total Current Liabilities | 15,571,254,486.28 | 16,760,593,956.06 | +7.64% | | Short-term Borrowings | 8,732,483,515.90 | 9,931,706,348.70 | +13.73% | | Total Owners' Equity | 19,967,357,101.31 | 19,991,938,689.09 | +0.12% | Consolidated Income Statement In Q1 2023, Zhaojin Mining's consolidated operating revenue grew 2.45% to RMB 1.739 billion, with net profit up 11.68% to RMB 109 million Consolidated Income Statement Key Data (2023 Q1 vs 2022 Q1) | Indicator | Jan-Mar 2023 (RMB) | Jan-Mar 2022 (RMB) | Year-over-Year Change Rate | | :--- | :--- | :--- | :--- | | Operating Revenue | 1,738,727,809.55 | 1,697,136,182.40 | +2.45% | | Operating Cost | 1,144,435,749.83 | 988,597,940.68 | +15.76% | | Operating Profit | 156,622,460.49 | 149,043,576.70 | +5.08% | | Total Profit | 157,113,643.99 | 143,322,947.59 | +9.62% | | Net Profit | 108,821,404.17 | 97,485,876.90 | +11.68% | | Net Profit Attributable to Owners of the Parent Company | 98,697,211.58 | 84,277,253.26 | +17.11% | | Basic Earnings Per Share | 0.03 | 0.03 | 0.00% | - Operating cost increased by 15.76% year-over-year, outpacing operating revenue growth[14] - Financial expenses decreased by 8.66% year-over-year, and fair value change loss narrowed[14] Consolidated Cash Flow Statement In Q1 2023, Zhaojin Mining's consolidated net cash from operations was RMB 168 million, leading to a RMB 1.474 billion net increase in cash and cash equivalents Consolidated Cash Flow Statement Key Data (Jan-Mar 2023) | Activity Type | Jan-Mar 2023 (RMB) | | :--- | :--- | | Net Cash Flow from Operating Activities | 167,982,783.93 | | Net Cash Flow from Investing Activities | -931,358,609.45 | | Net Cash Flow from Financing Activities | 2,237,376,269.72 | | Net Increase in Cash and Cash Equivalents | 1,474,000,444.20 | - Cash received from sales of goods and services totaled RMB 1.81 billion[16] - Cash received from borrowings was RMB 8.224 billion, while cash paid for repayment of debts was RMB 5.837 billion[16] Company Financial Statements Company Balance Sheet As of March 31, 2023, Zhaojin Mining's parent company total assets increased 2.54% to RMB 40.95 billion, with liabilities up 4.71% Company Balance Sheet Key Data (2022-12-31 vs 2023-03-31) | Indicator | 2022-12-31 (RMB) | 2023-03-31 (RMB) | Change Rate | | :--- | :--- | :--- | :--- | | Total Assets | 39,936,820,731.13 | 40,950,137,818.16 | +2.54% | | Total Current Assets | 16,740,284,943.47 | 18,682,252,076.06 | +11.59% | | Cash and Cash Equivalents | 3,894,535,114.38 | 4,733,387,417.76 | +21.54% | | Other Receivables | 2,351,780,962.05 | 2,848,993,219.20 | +21.14% | | Total Liabilities | 20,403,604,613.46 | 21,363,958,583.42 | +4.71% | | Total Current Liabilities | 11,850,931,779.20 | 12,598,153,190.10 | +6.31% | | Short-term Borrowings | 8,642,355,028.90 | 9,623,686,468.90 | +11.36% | | Total Owners' Equity | 19,533,216,117.67 | 19,586,179,234.74 | +0.27% | Company Income Statement In Q1 2023, Zhaojin Mining's parent company operating revenue grew 8.89% to RMB 734 million, with net profit up 33.68% to RMB 107 million Company Income Statement Key Data (2023 Q1 vs 2022 Q1) | Indicator | Jan-Mar 2023 (RMB) | Jan-Mar 2022 (RMB) | Year-over-Year Change Rate | | :--- | :--- | :--- | :--- | | Operating Revenue | 734,298,031.39 | 674,327,947.22 | +8.89% | | Operating Cost | 445,095,850.61 | 381,552,810.90 | +16.65% | | Operating Profit | 121,315,519.86 | 101,386,477.29 | +19.66% | | Total Profit | 121,494,634.40 | 93,925,726.85 | +29.35% | | Net Profit | 106,728,752.29 | 79,836,867.82 | +33.68% | | Basic Earnings Per Share | 0.03 | 0.02 | +50.00% | - Operating cost increased by 16.65% year-over-year, while operating taxes and surcharges decreased by 19.98%[15] - Financial expenses increased by 6.03% year-over-year, and fair value change income turned from loss to gain[15] Company Cash Flow Statement In Q1 2023, Zhaojin Mining's parent company net cash from operations was RMB 103 million, leading to a RMB 839 million net increase in cash and cash equivalents Company Cash Flow Statement Key Data (Jan-Mar 2023) | Activity Type | Jan-Mar 2023 (RMB) | | :--- | :--- | | Net Cash Flow from Operating Activities | 103,032,477.39 | | Net Cash Flow from Investing Activities | -367,115,662.58 | | Net Cash Flow from Financing Activities | 1,102,935,488.57 | | Net Increase in Cash and Cash Equivalents | 838,852,303.38 | - Cash received from sales of goods and services totaled RMB 759 million[17] - Cash received from borrowings was RMB 6.874 billion, while cash paid for repayment of debts was RMB 5.675 billion[17]