Western Region Gold (SH:601069)2022-04-27 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥163,006,564.06, representing a decrease of 86.60% compared to the same period last year[6]. - The net profit attributable to shareholders of the listed company was -¥53,637,977.76, with a basic earnings per share of -¥0.0843[6]. - The net loss for Q1 2022 was ¥53.6 million, compared to a net loss of ¥22.98 million in Q1 2021, reflecting an increase in losses of about 133.5%[32]. - The basic earnings per share for Q1 2022 was -¥0.0843, compared to -¥0.0361 in Q1 2021, indicating a worsening of the earnings per share[32]. - The total comprehensive loss for Q1 2022 was ¥53.6 million, compared to a loss of ¥22.98 million in Q1 2021, indicating a significant increase in comprehensive losses[32]. - The company's net profit for Q1 2022 was -7,227,433.77 RMB, an improvement from -8,085,451.14 RMB in Q1 2021, indicating a reduction in losses by approximately 10.6%[45]. - The recorded total comprehensive loss of -7,227,433.77 RMB for Q1 2022, compared to -8,085,451.14 RMB in Q1 2021, shows an improvement in overall financial performance[45]. Cash Flow - The net cash flow from operating activities was -¥117,398,171.65, indicating a significant cash outflow[6]. - Cash inflows from operating activities in Q1 2022 totaled ¥164.9 million, a decrease from ¥1.212 billion in Q1 2021, representing a decline of approximately 86.4%[32]. - The company reported a net cash outflow from operating activities of -213,663,161.77 RMB in Q1 2022, compared to -180,345,345.80 RMB in Q1 2021, indicating a worsening cash flow situation[47]. - The net cash flow from investing activities was 68,989,967.83 RMB, a significant recovery from -46,571,178.48 RMB in the previous period[34]. - The investment activities generated a net cash inflow of 549,291.54 RMB in Q1 2022, contrasting with a net outflow of -57,920.00 RMB in the same period of the previous year[47]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,643,753,622.51, down 3.52% from the end of the previous year[9]. - The total assets of the company as of March 31, 2022, were approximately RMB 2.64 billion, a decrease from RMB 2.74 billion at the end of 2021[24]. - The total liabilities and equity amounted to ¥2.644 billion, down from ¥2.740 billion in the previous period, showing a decrease of about 3.5%[30]. - The total liabilities decreased to 744,724,844.63 RMB from 866,956,350.82 RMB, a reduction of about 14.1%[41]. - The company's total current liabilities as of March 31, 2022, were approximately RMB 741.14 million, compared to RMB 786.21 million at the end of 2021[24]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 52,610[14]. - The largest shareholder, Xinjiang Nonferrous Metals Industry (Group) Co., Ltd., holds 361,312,828 shares, representing 56.22% of total shares[14]. - The second-largest shareholder, Turpan Jinyuan Mining Co., Ltd., holds 63,600,000 shares, representing 9.90% of total shares[14]. Research and Development - The company's research and development expenses decreased by 43.49% compared to the previous year[10]. - Research and development expenses for Q1 2022 were ¥2.38 million, down from ¥4.21 million in Q1 2021, indicating a reduction of approximately 43.5%[30]. - Research and development expenses for Q1 2022 were reported at 5,225.00 RMB, with no prior year data available for comparison[43]. Other Financial Metrics - The weighted average return on net assets was -3.00%[9]. - The company reported an investment income of ¥15.6 million in Q1 2022, compared to ¥13.7 million in Q1 2021, reflecting an increase of about 13.8%[30]. - The company's financial expenses decreased from 3,222,518.65 RMB in Q1 2021 to 2,567,283.53 RMB in Q1 2022, a reduction of approximately 20.3%[43]. - The company's cash and cash equivalents as of March 31, 2022, were approximately RMB 409.62 million, down from RMB 464.78 million at the end of 2021[21].