Yulong Gold(SH:601028)2023-04-25 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 2,733,943,587.67, representing a decrease of 1.82% compared to the same period last year[5]. - Net profit attributable to shareholders was CNY 143,149,551.38, an increase of 89.19% year-on-year[5]. - The basic earnings per share for the period was CNY 0.1828, reflecting an increase of 89.23% compared to the previous year[5]. - Total revenue for Q1 2023 was CNY 2,733,943,587.67, a decrease of 1.8% compared to CNY 2,784,588,639.86 in Q1 2022[18]. - Net profit for Q1 2023 reached CNY 143,131,242.88, an increase of 89.3% compared to CNY 75,619,959.50 in Q1 2022[19]. - Basic earnings per share for Q1 2023 were CNY 0.1828, compared to CNY 0.0966 in Q1 2022, marking an increase of 89.2%[20]. Assets and Liabilities - Total assets at the end of the reporting period reached CNY 7,928,318,176.29, up 33.87% from the end of the previous year[6]. - The company's total assets as of Q1 2023 amounted to CNY 7,928,318,176.29, up from CNY 5,922,304,327.90 in the previous year[17]. - Total liabilities for Q1 2023 were CNY 4,915,187,177.61, compared to CNY 3,023,731,597.34 in Q1 2022, indicating a significant increase of 62.7%[17]. - The company's equity attributable to shareholders increased to CNY 2,901,603,513.46 in Q1 2023 from CNY 2,787,026,936.84 in Q1 2022, representing a growth of 4.1%[17]. Cash Flow - The company's cash flow from operating activities was CNY 235,015,153.77, with no applicable year-on-year comparison[5]. - The company reported a significant increase in cash flow from operating activities, contributing to improved liquidity[19]. - In Q1 2023, the company's cash inflow from operating activities was CNY 1,240,923,523.71, a decrease of 35.2% compared to CNY 1,916,921,979.69 in Q1 2022[22]. - The net cash flow from operating activities for Q1 2023 was CNY 235,015,153.77, a significant improvement from a net outflow of CNY 494,939.94 in the same period last year[22]. - The total cash and cash equivalents at the end of Q1 2023 amounted to CNY 653,642,125.85, a decrease from CNY 1,036,688,835.83 at the end of Q1 2022[23]. - The company experienced a net increase in cash and cash equivalents of CNY 348,547,751.73 in Q1 2023, contrasting with a decrease of CNY 15,514,594.21 in Q1 2022[23]. Operational Metrics - The weighted average return on equity increased by 2.08 percentage points to 5.01%[5]. - The company's accounts receivable increased by 201.81%, indicating a rise in customer payments due[7]. - Inventory levels rose by 52.96%, attributed to an increase in operational stock[7]. - The total current assets reached ¥6,779,311,281.60, up from ¥4,754,662,479.04, indicating an increase of around 42.52%[15]. - Accounts receivable rose significantly to ¥2,881,348,028.94 from ¥954,683,976.97, marking an increase of about 201.73%[15]. - Inventory levels increased to ¥1,306,472,277.82 from ¥854,101,778.16, reflecting a growth of approximately 53.00%[15]. Investments and Acquisitions - The company signed a share transfer agreement to acquire 67% of Shaanxi Shanjin Mining Co., Ltd. for a total consideration of ¥130,650,000, aimed at obtaining mining rights for a key project[12]. - The company invested ¥25,750,000 to acquire a 35% stake in Lighthouse Silica Mining Co., Ltd., enhancing its portfolio in the mining sector[13]. - The company completed the equity transfer registration for Shaanxi Shanjin Mining Co., Ltd. on March 31, 2023, and obtained a new business license[12]. - The company reported that the mining license for the key project has been successfully renewed, ensuring continued operations[12]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 65,756[9]. - The top two shareholders hold a combined 46.42% of the company's shares, with Jinan High-tech Holding Group Co., Ltd. owning 29.20% and Hainan Houai Technology Co., Ltd. holding 17.22%[10]. - There are no reported financing or margin trading activities involving the top ten shareholders[11]. Future Outlook - The company plans to expand its market presence and invest in new technologies to enhance operational efficiency in the upcoming quarters[19]. - The company has allocated resources for research and development to innovate new products and improve existing offerings[19].