白银有色(601212) - 2020 Q1 - 季度财报

Financial Performance - Operating revenue decreased by 17.89% to CNY 9.70 billion compared to the same period last year[4] - Net profit attributable to shareholders was a loss of CNY 358.98 million, a decrease of 216.76% compared to the same period last year[4] - Basic earnings per share were CNY -0.048, a decrease of 209.09% compared to the same period last year[4] - The company reported a net profit attributable to the parent company of -358,975,550.22 CNY, compared to 307,442,898.57 CNY in the same period last year, indicating a significant decline[22] - The total comprehensive income amounted to -2,987,154,223.89 CNY, a stark contrast to 947,894,256.08 CNY in the previous year[22] - The operating profit for the quarter was -190,932,440.80 CNY, compared to a profit of -29,776.50 CNY in the same quarter last year[24] Asset and Liability Changes - Total assets decreased by 10.42% to CNY 43.49 billion compared to the end of the previous year[4] - Net assets attributable to shareholders decreased by 20.87% to CNY 11.13 billion compared to the end of the previous year[4] - The company's total liabilities decreased by 48.26% to 2,227,692,006.43 yuan, reflecting a reduction in long-term borrowings due within one year[11] - Total liabilities decreased to ¥29,836,555,496.30 from ¥31,942,824,966.88, reflecting a reduction of about 6.6%[18] - The total equity attributable to shareholders was ¥11,130,260,729.49, down from ¥14,065,491,592.54, indicating a decrease of approximately 20.9%[18] Cash Flow Analysis - Cash flow from operating activities decreased by 30.16% to CNY 641.56 million compared to the same period last year[4] - The net cash flow from operating activities for Q1 2020 was ¥453,703,164.81, an increase from ¥300,686,558.30 in Q1 2019, reflecting a growth of approximately 50.8%[28] - The net cash flow from financing activities in Q1 2020 was -¥2,218,546,520.12, which is a decline of ¥1,129,052,198.28 from -¥1,089,494,321.84 in Q1 2019[14] - The ending cash and cash equivalents balance was ¥961,251,878.38, down from ¥1,003,104,015.37 in Q1 2019, reflecting a decrease of about 4.2%[28] Production and Sales Performance - In Q1 2020, the company produced a total of 123,600 tons of copper, zinc, and lead products, a decrease of 7.83% year-on-year, with cathode copper production increasing by 25.69% to 45,500 tons[10] - The sales volume of major products in Q1 2020 reached 166,500 tons, including copper sales of 100,800 tons, zinc sales of 57,400 tons, and lead sales of 830 tons[10] - Total operating revenue for Q1 2020 was CNY 9,698,174,301.63, a decrease of 17.9% compared to CNY 11,811,355,418.99 in Q1 2019[21] - Total operating costs for Q1 2020 were CNY 10,018,415,866.85, down 14.5% from CNY 11,692,661,475.54 in Q1 2019[21] Impact of External Factors - The company faced significant impacts from the COVID-19 pandemic, particularly in the prices of its main products such as cathode copper, zinc, lead, and sulfuric acid[4] - The company’s revenue from taxes and surcharges decreased by 36.41% year-on-year to 27,985,360.03 yuan, impacted by the pandemic[13] Shareholder Information - The total number of shareholders at the end of the reporting period was 156,310[8] - The largest shareholder, CITIC Guoan Group, held 30.39% of the shares, totaling 2.25 billion shares[8]