CTM(SH:600711)2020-04-29 16:00Financial Performance - Operating revenue rose by 28.86% to CNY 8.91 billion from CNY 6.92 billion in the same period last year[18] - Net profit attributable to shareholders decreased by 156.07% to a loss of CNY 23.00 million, compared to a profit of CNY 41.02 million in the previous year[18] - Basic earnings per share dropped by 150.00% to CNY -0.010 from CNY 0.020 in the previous year[20] - The weighted average return on net assets decreased by 0.767 percentage points to -0.255%[20] - Net profit for Q1 2020 was a loss of approximately ¥3.07 million, contrasting with a net profit of ¥50.95 million in Q1 2019, marking a decline of over 106%[56] - The total comprehensive income for Q1 2020 was a loss of approximately ¥26.76 million, compared to a gain of ¥35.06 million in Q1 2019, indicating a decline of over 176%[56] - The operating profit for Q1 2020 was a loss of approximately ¥33.29 million, compared to a profit of ¥59.05 million in Q1 2019, marking a decline of over 156%[54] Cash Flow - Net cash flow from operating activities was negative at CNY -376.98 million, compared to CNY -189.25 million in the same period last year[18] - The total cash inflow from operating activities for Q1 2020 was CNY 11,128,081,246.81, an increase of 26.8% compared to CNY 8,809,060,723.08 in Q1 2019[62] - The net cash outflow from operating activities was CNY -376,979,755.83, worsening from CNY -189,252,808.20 in the same period last year[65] - The cash inflow from financing activities totaled CNY 3,918,274,838.92, up from CNY 1,223,736,977.38 in the previous year[65] - The net cash flow from financing activities was CNY 2,961,382,472.97, a substantial increase from CNY 200,589,925.46 in Q1 2019[65] - The net increase in cash and cash equivalents was CNY 1,001,214,762.88, compared to a decrease of CNY -198,704,601.55 in Q1 2019[67] Assets and Liabilities - Total assets increased by 25.47% to CNY 23.83 billion compared to the end of the previous year[18] - The company's total liabilities reached ¥10,786,198,080.84, compared to ¥8,582,811,357.53 in the previous year[42] - Total liabilities increased to ¥14,153,513,790.77, up from ¥9,823,601,217.39, representing a growth of approximately 43%[44] - The company's total accounts payable increased by approximately RMB 97.78 million compared to the beginning of the year, mainly due to new payables from the acquisition of Enzuri Copper Mine[27] - The company's non-current liabilities surged to ¥2,230,451,682.24 from ¥129,123,417.43, marking an increase of over 1,600%[50] Shareholder Information - The total number of shareholders at the end of the reporting period was 111,803[22] - The largest shareholder, Shenzhen Shengtun Group Co., Ltd., held 18.46% of shares, totaling 425,982,794 shares[22] Investments and Acquisitions - The company completed the acquisition of 100% equity in Enzuri Copper Mine, which is expected to enhance the company's strategic resource reserves and profitability[31] - The company invested $5,500,000 to increase its stake in Huawai Nickel Industry to 55%[35] - The total investment for the high nickel project in Indonesia is $406,790,000, with the company's investment amounting to $145,427,425, equivalent to approximately ¥1,023,809,072[35] Operating Costs and Expenses - The company's operating costs increased by approximately RMB 205.26 million compared to the same period last year, primarily due to revenue growth[30] - The company reported a significant increase in sales expenses, which rose to approximately ¥37.68 million in Q1 2020 from ¥24.96 million in Q1 2019, an increase of about 50.9%[54] - Research and development expenses for Q1 2020 were approximately ¥5.69 million, slightly up from ¥5.29 million in Q1 2019, reflecting a growth of about 7.7%[54] Other Financial Metrics - The company reported non-operating income of CNY 21.43 million, primarily from government subsidies[21] - The company's goodwill increased by approximately RMB 35.85 million, primarily due to the addition of goodwill from the acquisition of Enzuri Copper Mine[27] - The company's cash and cash equivalents increased by approximately RMB 139.32 million compared to the beginning of the year, mainly due to cash received from the issuance of convertible bonds[27]