TIBET SUMMIT(SH:600338)2021-04-28 16:00Financial Performance - Net profit attributable to shareholders increased by 85.03% to CNY 204,025,670.93 year-on-year[16] - Basic earnings per share rose by 85.07% to CNY 0.2232 compared to the previous year[16] - Net profit after deducting non-recurring gains and losses increased by 97.36% to CNY 203,898,544.48 year-on-year[16] - Net profit for Q1 2021 increased by 85.03% to RMB 204,000,000 from RMB 110,000,000 in Q1 2020, benefiting from improved performance at Tajik Mining[31] - Net profit for Q1 2021 reached ¥204,025,670.93, an increase of 85.0% compared to ¥110,266,793.44 in Q1 2020[55] - The company expects net profit for the first half of 2021 to grow by over 200% compared to the same period last year if metal prices remain stable[32] Revenue and Costs - Operating revenue decreased by 10.46% to CNY 470,931,686.11 compared to the same period last year[16] - Total revenue for Q1 2021 was RMB 470,931,686.11, a decrease of 10.46% compared to RMB 525,968,982.82 in Q1 2020, mainly due to a reduction in bulk trade revenue[28] - Total operating costs for Q1 2021 were ¥235,296,903.72, down 40.7% from ¥396,649,061.03 in Q1 2020[52] Cash Flow - Net cash flow from operating activities surged by 183.01% to CNY 176,588,600.72 year-on-year[16] - Cash flow from operating activities increased by 183.01% to RMB 176,588,600.72 from RMB 62,396,390.61, primarily due to improved collection of sales proceeds[28] - Cash inflow from operating activities totaled 535,134,484.07 RMB, compared to 473,151,296.05 RMB in the previous year, reflecting a growth of approximately 13.1%[63] - Cash outflow from operating activities decreased to 358,545,883.35 RMB from 410,754,905.44 RMB, showing a reduction of about 12.7%[63] - The net cash flow from investing activities was -53,718,230.60 RMB, compared to -8,920,449.52 RMB in the first quarter of 2020, indicating increased investment outflows[66] - Cash flow from financing activities resulted in a net outflow of -194,310,321.11 RMB, compared to -59,838,562.22 RMB in the same quarter last year, highlighting increased financing costs[66] Assets and Liabilities - Total assets increased by 1.27% to CNY 3,826,363,882.79 compared to the end of the previous year[16] - Total current assets decreased from ¥631,970,837.33 to ¥573,976,294.37, a decline of approximately 9.2%[36] - Total non-current assets increased from ¥3,146,410,358.74 to ¥3,252,387,588.42, an increase of approximately 3.4%[39] - Total liabilities decreased from ¥1,736,420,866.58 to ¥1,579,827,800.96, a reduction of about 9.0%[41] - Total current liabilities decreased from ¥1,626,317,904.08 to ¥1,579,827,800.96, a decline of approximately 2.9%[39] - Shareholders' equity increased from ¥2,041,960,329.49 to ¥2,246,536,081.83, representing a growth of approximately 10.0%[41] Shareholder Information - The total number of shareholders reached 57,172 by the end of the reporting period[22] - The largest shareholder, Xinjiang Tacheng International Resources Co., Ltd., holds 38.25% of the shares, totaling 349,663,552 shares[22] Other Financial Metrics - The weighted average return on equity decreased by 1.27 percentage points to 2.68%[16] - The company reported a non-operating income of CNY 149,705.26 from the disposal of non-current assets[16] - The company reported a significant reduction in financial expenses, showing a net income of -¥8,272,520.25 in Q1 2021 compared to ¥24,207,762.23 in Q1 2020[52] - Other comprehensive income for Q1 2021 was ¥7,351,654.92, recovering from a loss of -¥53,824,822.23 in Q1 2020[55] - The company experienced a notable decrease in sales expenses, which were ¥29,273,750.35 in Q1 2021 compared to ¥37,353,301.56 in Q1 2020, a reduction of 21.6%[52] - The company reported an increase in tax expenses to ¥41,617,515.47 in Q1 2021 from ¥26,276,013.76 in Q1 2020, an increase of 58.5%[52]