2021-04-16 16:00Financial Performance - Net profit attributable to shareholders rose by 157.58% to CNY 3.42 billion, with a net profit margin of 7.18%[5] - Operating revenue grew by 31.36% to CNY 47.50 billion, driven by increased production and sales of major mineral products[5] - Basic earnings per share reached CNY 0.099, reflecting a 141.46% increase year-on-year[6] - The company's comprehensive gross profit margin for mining products increased to 57.25%, up from 44.67% in the same period last year[11] - The gross profit margin for gold ingots decreased to 48.74% in 2021 from 49.80% in 2020, while the gross profit margin for copper concentrate increased to 63.74% from 45.28%[12] - The company reported a significant increase in minority shareholders' profit by 216.22% to CNY 905.66 million in Q1 2021 from CNY 286.41 million in Q1 2020[19] - The company’s total comprehensive income for Q1 2021 was ¥2.84 billion, compared to a loss of ¥1.16 billion in Q1 2020[32] Cash Flow and Liquidity - Cash flow from operating activities surged by 125.63% to CNY 5.25 billion, indicating improved liquidity[5] - Cash and cash equivalents increased by 31.93% to CNY 15.77 billion at the end of the period from CNY 11.96 billion at the beginning[17] - The net cash flow from operating activities for Q1 2021 was ¥5,248,175,316, an increase of ¥2,922,142,161 or 125.63% compared to Q1 2020[22] - The company reported a net cash increase of CNY 3,471,516,728 in Q1 2021, compared to CNY 1,601,124,906 in Q1 2020, which is an increase of approximately 117%[39] - The total cash inflow from operating, investing, and financing activities resulted in a net increase in cash and cash equivalents of CNY 1,872,821,780 for the quarter[41] Assets and Liabilities - Total assets increased by 4.42% to CNY 190.38 billion compared to the end of the previous year[5] - Current liabilities rose to CNY 50.21 billion, compared to CNY 47.04 billion, marking an increase of about 4.6%[27] - Total liabilities increased to CNY 110.96 billion from CNY 107.72 billion, reflecting a growth of approximately 2.1%[28] - The company's equity attributable to shareholders rose to CNY 59.06 billion from CNY 56.54 billion, an increase of about 4.4%[28] - Non-current assets totaled CNY 62.00 billion, slightly down from CNY 62.58 billion, a decrease of approximately 0.9%[29] Expenses - Sales expenses decreased by 23.22% to CNY 117.07 million in Q1 2021 from CNY 152.47 million in Q1 2020[14] - Management expenses, including R&D, increased by 34.85% to CNY 1.40 billion in Q1 2021 from CNY 1.04 billion in Q1 2020, primarily due to new acquisitions[15] - Financial expenses rose by 6.73% to CNY 432.75 million in Q1 2021 from CNY 405.46 million in Q1 2020, mainly due to a decrease in foreign exchange gains[16] - Tax expenses increased by 93.22% to CNY 934.11 million in Q1 2021 from CNY 483.45 million in Q1 2020, reflecting improved profitability[19] Production and Operations - Gold production increased to 11,178 kg in 2021 from 10,551 kg in 2020, while copper production rose to 126,802 tons from 114,852 tons[12] - The company is progressing well with key projects, including the Timok copper-gold project in Serbia, expected to be operational by June 2021[24] - The company signed a binding framework agreement with the Papua New Guinea government regarding the Porgera project, aiming to resume operations in 2021[24] Shareholder Information - The number of shareholders reached 830,901, indicating a broadening of the shareholder base[7] - The company granted 95,980,600 restricted shares at a price of ¥4.95 per share to 686 individuals as part of its incentive plan[24]