西部黄金(601069) - 2019 Q1 - 季度财报

Financial Performance - Operating revenue for the period was CNY 240,011,251.44, representing an increase of 49.17% year-on-year[10] - Net profit attributable to shareholders was -CNY 18,203,466.92, showing a slight improvement from -CNY 18,486,131.46 in the previous year[10] - Basic earnings per share were -CNY 0.0286, compared to -CNY 0.0291 in the same period last year[10] - The weighted average return on net assets was -1.09%, slightly better than -1.11% in the previous year[10] - The net loss for Q1 2019 was RMB 18,203,466.92, slightly improved from a net loss of RMB 18,486,131.46 in Q1 2018[52] - The total operating profit for the company was -7,251,259.25 RMB, which is a deterioration from -6,139,086.26 RMB in the previous year, reflecting a decline of about 18.2%[57] Cash Flow - Net cash flow from operating activities was -CNY 14,400,349.92, a decrease of 237.39% compared to the same period last year[10] - The cash flow from operating activities showed a net outflow of -14,400,349.92 RMB, contrasting with a net inflow of 10,481,450.25 RMB in Q1 2018[63] - The cash outflow for operating activities was 255,277,604.94 RMB, compared to 150,372,148.26 RMB in Q1 2018, marking an increase of about 69.8%[63] - The net cash flow from financing activities increased by RMB 104,910,014.29, mainly due to an increase in borrowings during the reporting period[31] - The net cash flow from financing activities was 53,705,845.84 RMB, compared to -2,240,737.20 RMB in Q1 2018[70] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,672,386,202.37, a decrease of 0.06% compared to the end of the previous year[10] - Total liabilities rose from ¥992,781,106.19 to ¥1,010,279,266.61, reflecting an increase of approximately 1.76%[39] - Total equity decreased from ¥1,681,159,911.55 to ¥1,662,106,935.76, a decline of about 1.13%[41] - Current assets increased from ¥823,572,034.42 to ¥863,972,458.68, representing a growth of about 4.5%[36] - Total liabilities amounted to RMB 927,130,341.90 in Q1 2019, down from RMB 1,080,898,008.67 in the previous year[49] Revenue and Costs - Operating costs for Q1 2019 rose by 53.10% year-on-year, totaling RMB 204,768,208.41[28] - The main reason for the increase in operating revenue was the higher sales volume of the company's main product, standard gold[13] - Total operating costs for Q1 2019 were RMB 257,747,967.95, compared to RMB 181,907,426.50 in Q1 2018, indicating an increase of about 41.7%[51] Investments and Financial Assets - The financial assets measured at fair value decreased by 60.62% compared to the beginning of the year, primarily due to a reduction in gold futures investments[28] - The company reported a significant decrease in investment income of 219.58% year-on-year, primarily due to reduced returns from gold futures investments[28] - The fair value change income increased by 288.29% year-on-year, driven by higher fair value changes in gold futures[28] Shareholder Information - The total number of shareholders at the end of the reporting period was 71,412, with the largest shareholder holding 66.81% of the shares[18] - The company received government subsidies amounting to CNY 790,471.47 during the reporting period[13] Other Financial Metrics - Research and development expenses for Q1 2019 were RMB 1,114,641.92, slightly up from RMB 1,012,447.97 in Q1 2018[51] - Financial expenses, including interest expenses, rose to RMB 7,056,645.52 in Q1 2019 from RMB 4,869,308.53 in Q1 2018[51] - Other income for Q1 2019 was RMB 290,471.47, compared to RMB 240,363.77 in Q1 2018, reflecting an increase of approximately 20.9%[51]