西部黄金(601069) - 2023 Q1 - 季度财报

Financial Performance - The company's net profit for Q1 2023 was ¥-61,587,833.61, a significant decline compared to a net profit of ¥28,560,622.75 in Q1 2022, reflecting a decrease of approximately 316.3%[9] - The total comprehensive income for Q1 2023 was ¥-61,587,833.61, contrasting with ¥28,560,622.75 in Q1 2022, reflecting a significant downturn in overall financial performance[11] - The net profit attributable to shareholders of the listed company was -¥61,587,833.61, compared to -¥208,887.43 in the previous year, indicating a significant loss[52] - The company’s net profit attributable to shareholders decreased due to reduced production and sales of self-produced gold[31] Revenue and Sales - Operating revenue from sales and services received cash of ¥946,328,121.65 in Q1 2023, compared to ¥411,431,313.95 in Q1 2022, marking an increase of about 130.0%[11] - The total operating revenue for Q1 2023 was ¥922,062,404.93, representing a 140.71% increase compared to ¥383,061,612.29 in the same period last year[52] - Operating revenue for the period increased by 140.71% as a result of higher sales volume of standard gold produced from purchased quality gold[30] Assets and Liabilities - The total current assets reached ¥1,997,518,871.87, up from ¥1,692,777,536.77, indicating an increase of about 18.0%[3] - The company's total liabilities increased, with a notable rise in current liabilities, which will be detailed in the full report[4] - The total liabilities increased to ¥1,757,027,234.17 from ¥1,452,515,905.66, reflecting a significant rise in financial obligations[46] - Total assets increased by 4.10% to ¥6,454,921,040.73 from ¥6,200,974,014.38 at the end of the previous year[52] Cash Flow - The company reported a net cash outflow from operating activities of RMB -233,597,645.85 for the first quarter of 2023[21] - The net cash flow from operating activities was -¥233,597,645.85, worsening from -¥119,117,049.98 year-on-year[52] - Cash inflow from financing activities was RMB 566,029,250.00, resulting in a net cash flow of RMB 412,398,639.41 from financing activities[21] Expenses - Research and development expenses decreased to ¥579,712.67 in Q1 2023 from ¥3,520,617.43 in Q1 2022, a reduction of approximately 83.5%[9] - Operating costs increased by 270.76% due to the same reason of increased sales volume of standard gold[30] Investments and Acquisitions - The company completed the acquisition of 100% equity in Baiyuanfeng and Kegang Manganese Industry in September 2022, which are now wholly-owned subsidiaries included in the consolidated financial statements[55] - The company is focused on strategic acquisitions and consolidations to enhance its market position and financial performance[55] Other Financial Metrics - The basic earnings per share for Q1 2023 was ¥-0.0671, compared to ¥-0.0003 in Q1 2022, indicating a substantial decline in profitability per share[11] - The company reported a significant increase of 691.91% in credit impairment losses due to an increase in receivables[30] - The company incurred a loss of RMB -11,423,816.03 from fair value changes of financial assets and liabilities[19]