白银有色(601212) - 2019 Q1 - 季度财报

Financial Performance - Operating revenue for the period was ¥11.81 billion, representing a year-on-year increase of 12.84%[4] - Net profit attributable to shareholders of the listed company was ¥63.08 million, up 83.84% compared to the same period last year[4] - The net profit after deducting non-recurring gains and losses was ¥44.12 million, showing a significant increase of 158.70% year-on-year[4] - Basic earnings per share were ¥0.0090, an increase of 83.67% compared to the previous year[4] - The net profit attributable to shareholders increased by 83.84% year-over-year to CNY 63,075,695.48, driven by higher gross sales margins[13] - The company's cash flow from operating activities improved by 91.52% year-over-year, reaching CNY 918,565,739.15, primarily due to reduced cash payments for raw material purchases[14] - Total operating revenue for Q1 2019 was CNY 11,811,355,418.99, an increase of 12.8% compared to CNY 10,467,596,133.58 in Q1 2018[23] - Net profit for Q1 2019 reached CNY 70,183,329.38, compared to CNY 58,500,560.90 in Q1 2018, representing a growth of 19.4%[24] - The total comprehensive income for Q1 2019 was CNY 70,223.50, compared to a total comprehensive loss of CNY 106,393,353.23 in Q1 2018[27] Asset and Liability Management - Total assets at the end of the reporting period reached ¥46.22 billion, an increase of 1.14% compared to the end of the previous year[4] - Net assets attributable to shareholders of the listed company amounted to ¥10.62 billion, reflecting a growth of 9.95% year-on-year[4] - Total assets increased to ¥46,218,670,246.78 from ¥45,696,878,957.71, representing a growth of 1.14% year-over-year[19] - Non-current assets totaled ¥24,992,485,429.79, up from ¥24,108,931,489.76, indicating a 3.66% increase[19] - Current liabilities decreased to ¥23,859,927,351.70 from ¥24,215,103,750.85, a decline of 1.47%[19] - Total liabilities amounted to ¥32,420,189,651.74, down from ¥32,897,666,300.45, reflecting a decrease of 1.45%[19] - Shareholders' equity rose to ¥13,798,480,595.04 from ¥12,799,212,657.26, an increase of 7.80%[19] - The company reported a significant increase in derivative financial liabilities, which rose by 119.97% to CNY 4,561,160.19, reflecting increased losses from futures hedging tools[11] - The company's inventory decreased from CNY 10,048,016,087.81 to CNY 9,324,871,815.82, indicating improved inventory management[17] Production and Sales - The total production of copper, zinc, and lead reached 134,100 tons, a year-on-year growth of 28.79%[9] - Zinc product output was 90,600 tons, marking a 42.65% increase year-on-year[9] - Lead product output was 7,291.22 tons, reflecting a growth of 47.04% compared to the same period last year[9] - Copper, zinc, and lead sales totaled 210,000 tons, with copper sales at 110,900 tons, zinc at 90,300 tons, and lead at 8,761 tons[10] - Silver production increased by 85.19% year-over-year to 50 tons, while sulfuric acid production rose by 12.93% to 262,200 tons[10] Cash Flow Analysis - The company's cash flow from operating activities improved by 91.52% year-over-year, reaching CNY 918,565,739.15, primarily due to reduced cash payments for raw material purchases[14] - The total operating cash inflow for Q1 2019 was CNY 13,199,222,929.69, slightly down from CNY 13,267,295,240.11 in Q1 2018[29] - The net cash flow from operating activities for Q1 2019 was CNY 918,565,739.15, an increase from CNY 479,629,002.67 in Q1 2018[29] - The cash outflow for operating activities in Q1 2019 was CNY 12,280,657,190.54, down from CNY 12,787,666,237.44 in Q1 2018[29] - The company experienced a net cash outflow from investing activities of ¥281,651,959.12, compared to a smaller outflow of ¥98,007,874.84 in Q1 2018[31] - Cash flow from financing activities resulted in a net outflow of ¥780,715,519.21, contrasting with a net inflow of ¥275,250,121.02 in the previous year[32] Financial Expenses - Financial expenses rose by 68.05% year-over-year to CNY 211,459,982.71, mainly due to increased interest expenses and reduced foreign exchange gains[13] - Financial expenses increased to CNY 211,459,982.71 in Q1 2019 from CNY 125,834,309.64 in Q1 2018, indicating a significant rise of 68%[24] - The company's financial expenses in Q1 2019 were CNY 170,696,169.58, up from CNY 147,261,368.76 in Q1 2018[26] Research and Development - Research and development expenses for Q1 2019 were CNY 5,271,876.18, slightly decreased from CNY 5,749,599.53 in Q1 2018[24] - Research and development expenses for Q1 2019 were CNY 64,175.00, a significant decrease from CNY 5,685,229.48 in Q1 2018[26]