Financial Performance - Revenue for the first quarter reached CNY 44,524,843,547.77, an increase of 11.55% compared to the same period last year[3] - Net profit attributable to shareholders was CNY 1,792,062,256.48, representing a significant increase of 77.88% year-on-year[3] - Net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 1,681,067,551.32, up 234.04% from the previous year[3] - Basic earnings per share rose to CNY 0.084, an increase of 78.72% year-on-year[3] - The total comprehensive income for Q1 2022 was CNY 1.17 billion, compared to CNY 39.54 million in Q1 2021, indicating a strong recovery[22] Assets and Liabilities - The total assets at the end of the reporting period amounted to CNY 166,579,325,103.43, reflecting a growth of 21.19% compared to the end of the previous year[4] - Total current assets reached approximately CNY 99.87 billion, up from CNY 70.96 billion at the end of 2021, representing an increase of about 40.8%[18] - Total assets as of March 31, 2022, amounted to approximately CNY 166.58 billion, compared to CNY 137.45 billion at the end of 2021, reflecting a growth of about 21.3%[19] - Total current liabilities increased to approximately CNY 73.79 billion from CNY 50.66 billion, marking a rise of about 45.5%[20] - Total liabilities reached approximately CNY 117.12 billion as of March 31, 2022, compared to CNY 89.19 billion at the end of 2021, indicating an increase of about 31.3%[20] - The company's total equity as of March 31, 2022, was approximately CNY 49.46 billion, up from CNY 48.26 billion at the end of 2021, showing a growth of about 2.5%[20] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 1,098,206,574.81, a decrease of 142.73% compared to the previous year[3] - The company reported a net cash flow from operating activities of -CNY 1.10 billion in Q1 2022, a decline from CNY 2.57 billion in Q1 2021[23] - Cash inflow from financing activities reached $46.74 billion in Q1 2022, up from $34.70 billion in Q1 2021[24] - Net cash flow from financing activities increased to $15.13 billion in Q1 2022, compared to $5.68 billion in Q1 2021[24] - The ending balance of cash and cash equivalents was $28.96 billion in Q1 2022, significantly higher than $15.30 billion in Q1 2021[24] Investments and Production - The company reported a significant increase in investment income by 1,246.24% due to the production of a joint venture[6] - The company achieved a significant increase in niobium production, with a year-on-year increase of nearly 30%[16] - The company’s net profit from niobium and phosphate reached a new quarterly high in recent years due to effective management measures[16] - The company experienced a significant increase in investment income, reporting CNY 134.27 million in Q1 2022 compared to CNY 9.97 million in Q1 2021[21] - The TFM mixed ore project is on track to be completed and put into production next year, which will double the copper-cobalt production capacity in the KFM area compared to 2020[17] Market and Shareholder Information - The total number of common shareholders is 442,336, with the largest shareholder, Hongshang Industrial Holding Group, holding 533,322 shares, accounting for 24.69%[9] - The top ten shareholders hold a total of 1,042,000 shares, representing a significant portion of the company's equity[10] - The company’s repurchased shares amount to 99,999,964 shares as of the end of the reporting period[13] Operational Efficiency - The company has implemented cost reduction and efficiency enhancement measures, which have shown significant results in the first quarter of 2022[16] - The total operating costs for Q1 2022 were CNY 38.55 billion, up from CNY 36.60 billion in Q1 2021, reflecting increased operational expenses[21] - The company plans to continue expanding its market presence and developing new technologies to enhance its competitive edge in the industry[17] - Research and development expenses increased significantly to CNY 131.49 million, compared to CNY 20.40 million in the same period last year, reflecting a focus on innovation[21]
洛阳钼业(03993) - 2022 Q1 - 季度财报