华钰矿业(601020) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was CNY 153,110,515.29, representing a year-on-year increase of 72.90%[6] - Net profit attributable to shareholders reached CNY 15,468,709.31, a significant increase of 498.84% compared to the same period last year[6] - The basic earnings per share (EPS) was CNY 0.028, reflecting a 492.98% increase year-on-year[6] - Net profit for Q1 2023 was ¥11,565,985.60, recovering from a net loss of ¥6,706,694.62 in Q1 2022[24] - Operating profit for Q1 2023 was ¥15,359,770.51, compared to an operating loss of ¥4,303,534.91 in the same period last year[24] - The company's net profit for Q1 2023 was impacted by an increase in financial expenses, which rose to CNY 15,832,186.37 from CNY 9,631,837.41 in Q1 2022[36] - Operating profit for Q1 2023 was CNY 5,645,402.87, a decrease from CNY 9,325,509.29 in Q1 2022, representing a decline of approximately 39.5%[38] - Net profit for Q1 2023 was CNY 3,526,659.11, down from CNY 7,140,800.36 in Q1 2022, indicating a decrease of about 50.5%[38] Cash Flow - The net cash flow from operating activities was negative at CNY -50,992,515.86, a decline of 260.92% compared to the previous year[6] - The company reported a net cash outflow from operating activities of ¥50,992,515.86 in Q1 2023, down from a net inflow of ¥31,687,549.11 in Q1 2022[28] - Cash flow from operating activities in Q1 2023 was CNY 49,751,302.37, compared to a negative cash flow of CNY -60,853,188.06 in Q1 2022, showing a significant improvement[41] - Total cash inflow from operating activities in Q1 2023 was CNY 39,031,591.06, down from CNY 138,511,235.27 in Q1 2022, a decline of approximately 71.8%[41] - Cash outflow from operating activities in Q1 2023 was CNY 99,884,779.12, compared to CNY 88,759,932.90 in Q1 2022, an increase of about 12.7%[41] - Cash flow from investing activities showed a net outflow of ¥122,744,500.01 in Q1 2023, compared to a net outflow of ¥59,379,177.91 in Q1 2022[28] - Cash flow from financing activities resulted in a net inflow of ¥105,513,989.05 in Q1 2023, reversing from a net outflow of ¥13,535,519.58 in Q1 2022[28] - Cash flow from investing activities in Q1 2023 was CNY -33,810,903.20, compared to CNY -37,820,096.86 in Q1 2022, indicating a slight improvement[41] - Cash flow from financing activities in Q1 2023 was CNY 39,893,739.21, compared to a negative cash flow of CNY -12,166,513.90 in Q1 2022, showing a positive turnaround[41] Assets and Liabilities - Total assets at the end of the reporting period were CNY 5,304,975,351.04, a decrease of 0.46% from the end of the previous year[6] - The company's current assets decreased to RMB 314,733,028.71 from RMB 394,836,870.57, representing a decline of about 20.3%[17] - Total liabilities as of March 31, 2023, were RMB 1,794,362,945.87, down from RMB 1,840,012,008.35, reflecting a decrease of about 2.5%[19] - The company's non-current liabilities increased to RMB 686,547,005.83 from RMB 629,688,877.96, an increase of approximately 9.0%[19] - The total equity attributable to shareholders was RMB 2,882,672,038.95, up from RMB 2,856,529,382.41, indicating an increase of about 0.9%[21] - The total current assets decreased to CNY 371,246,491.22 as of March 31, 2023, from CNY 413,499,239.07 as of December 31, 2022, a decline of 10.2%[31] - The total assets amounted to CNY 4,248,609,437.09 as of March 31, 2023, down from CNY 4,327,751,119.06 at the end of 2022, a decrease of 1.8%[35] - The total liabilities decreased to CNY 1,857,002,150.74 as of March 31, 2023, from CNY 1,938,364,882.31 at the end of 2022, a reduction of 4.2%[33] Expenses - The company experienced a 308.65% increase in selling expenses, primarily due to shipping costs for products sold by its overseas subsidiary[10] - Financial expenses surged by 196.43%, mainly attributed to foreign exchange losses from currency fluctuations[10] - The company incurred financial expenses of ¥35,652,674.49 in Q1 2023, significantly higher than ¥12,027,172.79 in Q1 2022[22] - The company reported a decrease in tax expenses to ¥3,695,903.94 in Q1 2023 from ¥2,286,543.23 in Q1 2022[24] - The cost of goods sold in Q1 2023 was CNY 37,570,571.91, down from CNY 49,759,167.39 in Q1 2022, reflecting a reduction of 24.5%[36] Shareholder Information - The company has pledged 48,892,000 shares, which is 53.44% of its total holdings, representing 8.69% of the total share capital[13] - The company reported a total equity attributable to shareholders of CNY 2,882,672,038.95, a slight increase of 0.92% from the previous year[7] - The company's total equity as of March 31, 2023, was CNY 2,391,607,286.35, slightly up from CNY 2,389,386,236.75 at the end of 2022, an increase of 0.1%[35] Accounting Standards - The company has not adopted new accounting standards for the first time in 2023[42]