CHALCO(SH:601600)2023-04-25 16:00Financial Performance - The operating revenue for Q1 2023 was CNY 66,279,365, a decrease of 17.60% compared to CNY 80,437,278 in the same period last year[4] - The net profit attributable to shareholders was CNY 1,813,030, reflecting a decline of 9.78% from CNY 2,009,540 in the previous year[4] - The net cash flow from operating activities decreased by 61.28%, amounting to CNY 3,951,750 compared to CNY 10,206,815 last year[4] - The basic earnings per share for Q1 2023 was CNY 0.105, down 9.99% from CNY 0.116 in the same period last year[4] - The weighted average return on equity decreased by 0.23 percentage points to 3.27% compared to 3.50% in the previous year[4] - The company reported a total comprehensive income attributable to shareholders of CNY 1,884,309, compared to CNY 1,986,255 in the previous year, a decline of 5.2%[19] - The company’s gross profit margin for Q1 2023 was approximately 4.4%, down from 5.5% in Q1 2022[18] Assets and Liabilities - Total assets at the end of Q1 2023 were CNY 212,947,945, showing a slight increase of 0.28% from CNY 212,348,031 at the end of the previous year[6] - The equity attributable to shareholders increased by 3.63% to CNY 56,378,334 from CNY 54,403,012 at the end of the previous year[6] - The company's total liabilities decreased to CNY 122,128,704 from CNY 124,592,064, a reduction of 2%[17] - The total liabilities and shareholders' equity amounted to CNY 212,947,945, slightly up from CNY 212,348,031[17] - Total liabilities decreased to CNY 68,199,056 thousand as of March 31, 2023, down from CNY 75,663,980 thousand at the end of 2022, reflecting a reduction of approximately 9.8%[24] - The total equity increased to CNY 51,081,266 thousand as of March 31, 2023, compared to CNY 49,923,226 thousand at the end of 2022, reflecting a growth of approximately 2.3%[24] Production and Sales - In Q1 2023, the company produced 398,000 tons of alumina, a decrease of 10.13% compared to 443,000 tons in Q1 2022[11] - The production of refined alumina increased by 7.56% to 111,000 tons from 103,000 tons year-over-year[11] - The company sold 165,000 tons of self-produced alumina externally, up 4.81% from 157,000 tons in the same period last year[11] - The production of primary aluminum was 153,000 tons, slightly down by 0.94% from 154,000 tons in Q1 2022[11] - The external sales of self-produced primary aluminum rose by 5.36% to 158,000 tons compared to 150,000 tons in the previous year[11] - Coal production decreased by 5.59% to 270,000 tons from 286,000 tons year-over-year[11] - Power generation (excluding self-owned power plants) increased by 2.63% to 3.9 billion kWh from 3.8 billion kWh in Q1 2022[11] Investments and Acquisitions - The company plans to continue its market expansion and has completed the acquisition of a 19% stake in Yunnan Aluminum Co., Ltd. for approximately CNY 6.662 billion[6] - The company also acquired 100% of Pingguo Aluminum Co., Ltd. for approximately CNY 1.887 billion, further consolidating its market position[7] Cash Flow and Expenses - Cash and cash equivalents at the end of Q1 2023 were CNY 15,566,131, down from CNY 19,571,227 at the end of Q1 2022, a decrease of 20.4%[22] - The cash flow from financing activities showed a net outflow of CNY 4,386,822, compared to an outflow of CNY 4,615,143 in the previous year[22] - Cash flow from operating activities generated CNY 911,037 thousand in Q1 2023, a decrease of 26% from CNY 1,229,860 thousand in Q1 2022[26] - The cash flow from financing activities showed a net outflow of CNY 2,877,647 thousand in Q1 2023, compared to a net outflow of CNY 1,967,448 thousand in Q1 2022[26] - Research and development expenses increased to CNY 459,852, up from CNY 418,798, reflecting a growth of 9.8%[18] - Research and development expenses rose to CNY 155,324 thousand in Q1 2023, up 113.3% from CNY 72,683 thousand in Q1 2022[25] Shareholder Information - As of March 31, 2023, the total number of ordinary shareholders was 446,720[12] - China Aluminum Group held 5,050,376,970 shares, representing 29.43% of the total shares[12]