CTM(SH:600711)2023-04-28 16:00Financial Performance - In Q1 2023, the company reported cash inflows from operating activities totaling CNY 10,183,036,773, an increase from CNY 9,128,126,408.70 in Q1 2022, representing a growth of approximately 11.6%[23] - The company reported a loss of CNY 250,542.10 in non-operating asset disposal gains and losses[11] - The company's operating revenue for the first quarter was ¥6,183,238,821.41, a decrease of 4.93% compared to the previous year[28] - The net profit attributable to shareholders was ¥32,472,371.33, reflecting a significant decline of 91.33% year-over-year[28] - The net cash flow from operating activities was ¥545,512,066.77, down 63.86% from the previous year[29] - Basic earnings per share decreased to ¥0.010, a drop of 92.65% compared to the same period last year[29] - The total profit for Q1 2023 was approximately ¥185.80 million, a decrease of 79.25% from ¥891.30 million in Q1 2022[48] Assets and Liabilities - The total current assets increased to CNY 17,602,060,506.52 as of March 31, 2023, up from CNY 16,640,484,490.40 at the end of 2022[16] - The company's total liabilities reached approximately RMB 16.73 billion, an increase from RMB 15.62 billion, representing a growth of about 7.1%[40] - Non-current liabilities rose to approximately RMB 2.81 billion, compared to RMB 1.64 billion, indicating a significant increase of approximately 71.5%[40] - The total assets at the end of the reporting period were ¥33,741,464,652.21, representing a 3.83% increase from the end of the previous year[29] - The company reported a decrease in short-term borrowings to approximately RMB 5.08 billion from RMB 5.98 billion, a reduction of about 15.4%[39] Cash Flow - The company's cash and cash equivalents as of March 31, 2023, were CNY 3,985,177,007.77, compared to CNY 4,054,989,189.55 at the end of 2022[16] - Cash and cash equivalents at the end of Q1 2023 were approximately ¥3.04 billion, an increase of 81.56% from ¥1.68 billion at the end of Q1 2022[46] - The net cash increase from financing activities was ¥974,228,051.76, compared to ¥336,819,120.10 in the previous year[29] - The company experienced a net cash outflow from investment activities of ¥423,401,080.91, an improvement from a larger outflow of ¥1,492,194,216.60 in the previous year[29] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 191,669, with the largest shareholder holding 16.38% of the shares, amounting to 514,494,897 shares[11] - The total equity attributable to shareholders decreased slightly to approximately RMB 14.08 billion from RMB 14.08 billion, showing a marginal decline of about 0.01%[40] - The company has not disclosed any significant related party transactions among its top shareholders, indicating a stable ownership structure[34] Business Developments - The company is undergoing a business combination under common control, which may affect future financial reporting and performance metrics[8] - The company successfully launched the Karongwei project in the Democratic Republic of Congo, with an annual production capacity of 30,000 tons of cathode copper and 3,600 tons of cobalt hydroxide, significantly increasing overall production capacity and enhancing profitability[36] - The company plans to continue expanding its overseas business scale, leveraging its own mining resources to reduce product costs and enhance market competitiveness[36] Research and Development - The company has not disclosed any new product or technology developments in this quarter's report[23] - Research and development expenses decreased to approximately ¥3.19 million in Q1 2023, down 59.25% from ¥7.83 million in Q1 2022[42] Other Financial Metrics - The company reported a significant increase in other comprehensive income, totaling approximately ¥94.78 million in Q1 2023, compared to a loss of ¥358.84 million in Q1 2022[48] - The company experienced a substantial increase in investment income, reporting approximately ¥11.08 million in Q1 2023, compared to a loss of ¥3.48 million in Q1 2022[42] - The weighted average return on equity decreased by 2.836 percentage points to 0.233%[29] - The company reported a significant increase in financial expenses, totaling approximately ¥125.12 million in Q1 2023, compared to ¥96.85 million in Q1 2022[42]