2019-04-29 16:00Financial Performance - The company achieved operating revenue of RMB 29.04 billion in Q1 2019, representing a 27.02% increase compared to RMB 22.86 billion in the same period last year[11]. - The net profit attributable to shareholders was RMB 874.48 million, a decrease of 19.43% from RMB 1.09 billion year-on-year[5]. - The company reported a total profit of RMB 1.43 billion, a decline of 15.34% compared to RMB 1.69 billion in the previous year[5]. - The basic earnings per share were RMB 0.038, down 19.15% from RMB 0.047 in the same period last year[5]. - The company reported a net profit of ¥1,496,313,499 for Q1 2019, compared to a net profit of ¥1,659,566,066 in Q1 2018, showing a decrease of about 9.8%[28]. - The total profit for Q1 2019 was CNY 359,664,784, a decrease of 9.6% from CNY 398,031,392 in Q1 2018[31]. - The company's operating profit for Q1 2019 was CNY 382,879,503, down from CNY 421,692,815 in Q1 2018, indicating a decline of 9.2%[31]. Assets and Liabilities - The total assets at the end of the reporting period were RMB 113.13 billion, showing a slight increase of 0.23% from RMB 112.88 billion at the end of the previous year[5]. - The total liabilities as of March 31, 2019, were 65,945,152,396 RMB, compared to 65,605,591,140 RMB at the end of 2018[24]. - The company's total equity as of March 31, 2019, was 47,189,068,480 RMB, slightly down from 47,273,712,702 RMB at the end of 2018[24]. - The total assets of the company decreased to ¥61,687,004,546 in Q1 2019 from ¥62,219,598,738 in Q1 2018, a decline of about 0.9%[27]. - The total liabilities decreased to ¥29,378,553,179 in Q1 2019 from ¥30,266,483,302 in Q1 2018, a reduction of about 2.9%[26]. - The company's equity attributable to shareholders totaled RMB 40,455,434,274, with total equity amounting to RMB 47,273,712,702[42]. Cash Flow - The cash flow from operating activities for the period was RMB 1.28 billion, down 3.17% from RMB 1.33 billion in the same period last year[5]. - The net cash flow from investing activities for Q1 2019 was -2,344,181,092 RMB, a decrease of 598,853,303 RMB compared to Q1 2018[20]. - The net cash flow from financing activities in Q1 2019 was -866,705,936 RMB, a decrease of 2,146,193,704 RMB compared to Q1 2018[20]. - The cash flow from operating activities for Q1 2019 was CNY 30,697,087,270, compared to CNY 24,302,056,718 in Q1 2018, showing an increase of 26.5%[33]. - The net cash flow from financing activities was CNY -1,275,626,555, compared to CNY 1,453,682,000 in the previous year, showing a negative shift[37]. Expenses - The overall gross margin for the group decreased to 12.81% in 2019, down 2.55 percentage points year-on-year[12]. - Sales expenses rose to 303.41 million yuan in Q1 2019, a 32.79% increase compared to 228.49 million yuan in Q1 2018[13]. - Management expenses increased by 44.21% to 896.12 million yuan in Q1 2019 from 621.41 million yuan in Q1 2018, primarily due to the inclusion of newly acquired companies[14]. - Financial expenses decreased by 11.48% to 549.80 million yuan in Q1 2019 from 621.13 million yuan in Q1 2018, mainly due to reduced exchange losses[15]. - Research and development expenses for Q1 2019 amounted to ¥51,920,413, compared to ¥43,102,117 in Q1 2018, reflecting a rise of approximately 20.5%[28]. Production and Operations - The company's gold production increased to 9,696 kg in 2019 from 7,624 kg in 2018, representing a growth of 27.3%[12]. - The company's operating costs rose by 30.84% to 25.32 billion yuan in Q1 2019 compared to 19.35 billion yuan in Q1 2018[18]. - The gross margin for mining operations decreased to 46.85% in 2019, down 4.29 percentage points year-on-year due to lower unit selling prices and higher unit costs[12]. - The company did not report any significant new product developments or market expansions during this quarter[10]. Other Income and Investments - The company recorded a non-operating income of RMB 129.69 million during the reporting period[7]. - The investment income for Q1 2019 was 24.44 million yuan, a significant improvement from a loss of 54.74 million yuan in Q1 2018[18]. - The company reported a significant increase in other income, which rose by 1116.17% to 6.90 million yuan in Q1 2019 from 0.57 million yuan in Q1 2018[18]. - The company has ongoing investments in long-term equity amounting to RMB 7,041,753,269, indicating a focus on strategic growth[39].