白银有色(601212) - 2023 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2023 was ¥47,346,700,733.39, representing a 10.45% increase compared to ¥42,865,221,332.12 in the same period last year[13]. - The net profit attributable to shareholders of the listed company was -¥73,349,939.28, a decrease of 244.72% from ¥50,682,705.42 in the previous year[13]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥64,967,732.26, a decline of 466.23% compared to ¥17,739,662.52 in the same period last year[13]. - The net cash flow from operating activities was ¥110,614,691.54, showing a significant recovery from -¥255,829,524.91 in the previous year[13]. - The total assets at the end of the reporting period were ¥49,819,494,616.77, an increase of 6.76% from ¥46,663,309,594.65 at the end of the previous year[13]. - The net assets attributable to shareholders of the listed company were ¥15,177,026,377.64, a slight decrease of 0.15% from ¥15,200,284,053.02 at the end of the previous year[13]. - Basic earnings per share for the first half of 2023 were -¥0.010, a decrease of 242.86% from ¥0.007 in the same period last year[14]. - The diluted earnings per share were also -¥0.010, reflecting the same percentage decrease as basic earnings per share[14]. - The weighted average return on net assets was -0.48%, down 0.83 percentage points from 0.35% in the previous year[14]. Market Conditions - The global economic environment in the first half of 2023 showed signs of a slowdown, with major banks experiencing crises that raised fears of a global recession[17]. - China's GDP growth for Q1 2023 was 4.5%, with a subsequent increase to 6.3% in Q2, indicating a recovery that is slowing down[18]. - The overall market demand in China showed signs of weakness, impacting the economic recovery process in the first half of 2023[18]. Production and Capacity - The company has a production capacity of 200,000 tons of copper, 400,000 tons of lead and zinc, 15 tons of gold, and 500 tons of silver annually, showcasing its unique advantage in multi-variety non-ferrous metal production[25]. - The company produced 141,200 tons of copper, lead, zinc, and molybdenum metals in the first half of 2023, an increase of 12.73% year-on-year[30]. - The production of cathode copper reached 138,400 tons, up 9.91% year-on-year, while lead production increased by 33.25% to 11,100 tons[30]. - The company has established a production line capable of processing 140,000 tons of copper smelting slag annually, with a recovery capacity of 22,000 tons of copper, equivalent to that of a medium-sized mine[24]. Technological Innovation - The company is currently constructing a production line for 5,000 tons per year of nano zinc oxide, indicating its commitment to innovation and expansion in new product areas[24]. - The company has developed a new process technology for the efficient separation and recovery of copper, lead, zinc, and precious metals from complex waste materials[24]. - The company has established 1 academician expert workstation and 15 technology innovation platforms, enhancing its technological capabilities[32]. Environmental Management - The company is committed to environmental protection and is adopting advanced technologies for ecological restoration and waste recycling[52]. - The company reported a total discharge of 1.508 tons of COD in the first half of 2023, with a concentration range of 1.208-25.438 mg/L, which is below the limit of 60 mg/L[62]. - The total discharge of ammonia nitrogen was 0.235 tons, with a concentration range of 0.043-4.998 mg/L, adhering to the limit of 8 mg/L[62]. - The company has established a total of 192 sets of industrial waste gas pollution prevention facilities and 30 sets of industrial wastewater treatment facilities[68]. Social Responsibility - The company invested a total of 4.4 million yuan in poverty alleviation and rural revitalization projects, benefiting over 8,900 people[80]. - The company donated a 20% equity stake in a subsidiary, resulting in a loss of 8,226.33 million RMB in the financial statements[51]. Shareholder Relations - The company’s major shareholder, CITIC Group, committed to maintaining the operational independence of the company and not interfering with its normal business activities[82]. - CITIC Group also pledged to ensure the financial independence of the company, including establishing an independent accounting system and tax compliance[82]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[88]. Legal Matters - There are ongoing major litigation matters, including a civil lawsuit involving Inner Mongolia Mining Company with a claim amount of RMB 39.6 million[90]. - The company is involved in a lawsuit regarding a copper procurement contract worth RMB 125,651,109.06, with additional claims for damages amounting to RMB 51,804,207.11 due to delayed delivery[92]. Financial Position - The total liabilities increased to CNY 31.57 billion, up from CNY 28.82 billion, representing a growth of approximately 9.6%[121]. - The total equity decreased to ¥13,385,151,938.64 from ¥13,856,799,613.00, indicating a decline of 3.4% year-over-year[124]. - The company reported a significant increase in cash and cash equivalents, ending the period with 6,242,514,053.65 CNY, compared to 6,802,600,109.97 CNY at the end of the previous year[131].