五矿发展(600058) - 2023 Q1 - 季度财报

Financial Performance - In Q1 2023, the company's operating revenue was CNY 17,291,619,763.43, representing a year-on-year increase of 13.34%[21] - The net profit attributable to shareholders of the listed company was CNY 32,472,177.57, a decrease of 75.10% compared to the same period last year[21] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 23,203,803.26, down 78.56% year-on-year[21] - The basic and diluted earnings per share for the period were both CNY 0.03, reflecting a decline of 75.00%[21] - The weighted average return on equity at the end of the reporting period was 0.67%, a decrease of 2.1 percentage points from the end of the previous year[5] - The company reported a net loss attributable to shareholders of ¥1,384,641,300.04, compared to a loss of ¥1,417,113,477.61 in the previous year[37] - The net profit for the current period is 34,500,594.40, a decrease of 74.3% compared to 134,541,027.55 from the previous period[55] - The total profit for the current period is 69,736,557.38, down 64.3% from 195,433,195.38 in the previous period[55] - The operating profit is 75,300,063.99, which is a decline of 62.5% compared to 200,079,909.67 in the previous period[55] - The total comprehensive income for the current period is 32,255,594.40, a decrease of 76.0% from 133,760,020.55 in the previous period[55] Assets and Liabilities - Total assets increased by 24.40% year-on-year, reaching CNY 28,395,630,131.84[5] - The total assets increased to ¥28,395,630,131.84 in Q1 2023, up from ¥22,825,551,680.06 in Q1 2022, reflecting a growth of 24.5%[37] - The total liabilities increased to RMB 22,385,585,440.51 as of March 31, 2023, compared to RMB 17,848,238,308.65 at the end of 2022, reflecting a significant rise[36] - Current liabilities included short-term borrowings of approximately 4.45 billion RMB, up from 3.17 billion RMB year-on-year[51] - The company’s accounts payable rose to RMB 2,778,242,428.93 from RMB 2,355,813,059.50, indicating increased operational liabilities[36] - The company’s contract liabilities increased significantly to RMB 2,963,140,529.51 from RMB 1,798,691,897.87, suggesting growth in customer prepayments[36] Cash Flow - The net cash flow from operating activities was negative at CNY -2,564,994,731.54, indicating a cash outflow[21] - Net cash flow from operating activities for Q1 2023 was -¥2,564,994,731.54, an improvement from -¥3,245,808,210.21 in Q1 2022[41] - Investment activities resulted in a net cash outflow of -¥3,598,566.72 in Q1 2023, compared to -¥2,762,870.45 in Q1 2022[42] Equity - The equity attributable to shareholders of the listed company was CNY 5,844,325,888.55, an increase of 21.41% compared to the end of the previous year[5] - The company’s total equity attributable to shareholders increased to ¥5,844,325,888.55 in Q1 2023, up from ¥4,813,867,978.96 in Q1 2022[37] - The company’s total equity remained stable at RMB 1,071,910,711.00 as of March 31, 2023[36] Operational Highlights - Iron ore sales volume reached approximately 3.43 million tons, coal sales volume approximately 0.92 million tons, and coke sales volume approximately 0.19 million tons, with year-on-year growth of 18% and 93% respectively[44] - Steel supply volume was about 1.11 million tons, and steel trading volume was about 2.39 million tons, representing a year-on-year increase of 32%[44] - The logistics business achieved a throughput of approximately 3.66 million tons, a year-on-year increase of 29%[44] Strategic Initiatives - The company plans to accelerate the integration of mining assets, including the injection of Chen Taigou mining assets, following a principle of "matured batch, injected batch"[15] - The company has renewed its daily related transaction framework agreement and comprehensive service agreement with China Minmetals, as well as a financial service framework agreement with Minmetals Group Financial Co., Ltd.[15] - The company plans to issue up to RMB 20 billion in short-term financing bonds, which was approved by the board of directors[32] - The company has received a credit facility of 11 billion RMB and 4 billion RMB for its subsidiaries from China Everbright Bank[45] - The board approved a hedging business plan with a maximum margin for commodity hedging set at 780 million RMB and a maximum contract value for foreign exchange hedging at 1.32 billion USD[46] Non-Recurring Items - The company reported a non-recurring gain of RMB 11,925,150.12 from government subsidies closely related to its normal business operations[23] - The company recorded a non-recurring loss of RMB 5,393,708.26 from unrelated business activities[23]