2022-04-11 16:00Financial Performance - The company's operating revenue for Q1 2022 was RMB 64,770,745,546, representing a year-on-year increase of 36.35%[4] - Total profit for the quarter reached RMB 8,910,988,313, a significant increase of 104.81% compared to the same period last year[4] - Net profit for Q1 2022 was RMB 7,415,265,303, reflecting a year-on-year growth of 117.03%[4] - The net profit attributable to shareholders of the listed company was RMB 6,123,805,269, marking an increase of 143.88% year-on-year[4] - The basic earnings per share for the quarter was RMB 0.233, up 135.35% from the previous year[5] - The diluted earnings per share also stood at RMB 0.233, representing a 145.26% increase year-on-year[5] - Total revenue for Q1 2022 reached CNY 64,770,745,546, a significant increase of 36.3% compared to CNY 47,502,179,195 in Q1 2021[22] - Operating profit for Q1 2022 was CNY 8,982,461,625, representing an increase of 101.8% from CNY 4,455,491,340 in Q1 2021[22] - The total comprehensive income for Q1 2022 was 8,715,765,250 CNY, significantly higher than 2,836,360,813 CNY in Q1 2021, representing an increase of approximately 207.5%[23] - Basic earnings per share for Q1 2022 were 0.233 CNY, up from 0.099 CNY in Q1 2021, reflecting a growth of about 135.4%[23] Cash Flow and Assets - The net cash flow from operating activities was RMB 7,427,862,528, which is a 41.53% increase compared to the same period last year[4] - The company's cash and cash equivalents increased to approximately 23.30 billion yuan from 14.22 billion yuan year-on-year[19] - The company's inventory rose to approximately 22.67 billion yuan, compared to 19.31 billion yuan in the previous year[19] - The operating cash flow for Q1 2022 was 70,052,027,257 CNY, up from 47,862,962,006 CNY in Q1 2021, reflecting a growth of approximately 46.4%[25] - The cash and cash equivalents at the end of Q1 2022 totaled 22,544,066,885 CNY, compared to 15,258,202,968 CNY at the end of Q1 2021, indicating an increase of approximately 48.0%[26] - The ending balance of cash and cash equivalents was CNY 9,417,271,405, up from CNY 6,580,049,090 at the end of Q1 2021, reflecting a growth of 43.5%[33] Production and Operations - In Q1 2022, the company achieved a gold production increase of 17% year-on-year, copper production up by 53%, and zinc production up by 12%[13] - The mining enterprise gross margin was 61.12%, an increase of 3.87 percentage points year-on-year, while the overall gross margin was 17.32%, up 2.36 percentage points year-on-year[13] - The company plans to produce 20,000 tons of battery-grade lithium carbonate annually from its lithium project in Argentina, expected to be operational by the end of 2023[17] - The second phase of the Kamoa-Kakula copper mine is set to process 3.8 million tons of ore annually, with production expected to exceed 450,000 tons of copper, making it the fourth-largest copper mine globally[17] - The company aims to complete the technical transformation of the Kamoa-Kakula copper mine to increase its processing capacity from 7.6 million tons to 9.2 million tons per year[17] Liabilities and Equity - Total liabilities amounted to CNY 132,098,603,359, an increase of 14.1% from CNY 115,697,507,579 in the previous year[21] - The company’s total equity reached CNY 101,476,161,548, reflecting a growth of 9.2% from CNY 92,897,170,544 in the previous year[21] - Long-term borrowings increased to CNY 46,245,165,682, up 28.1% from CNY 36,126,816,893 in the previous year[21] Research and Development - Research and development expenses for Q1 2022 were CNY 176,802,866, an increase of 35.7% compared to CNY 130,207,419 in Q1 2021[22] - Research and development expenses for Q1 2022 were $72,461,841, up from $54,758,193 in Q1 2021, indicating a rise of 32.2%[30] Tax and Other Income - The company reported a tax expense of 1,495,723,010 CNY for Q1 2022, compared to 934,107,159 CNY in Q1 2021, which is an increase of about 60.3%[23] - Other comprehensive income after tax for Q1 2022 was 1,300,499,947 CNY, contrasting with -580,286,767 CNY in Q1 2021, indicating a significant turnaround[23] - The company reported investment income of $346,979,244 in Q1 2022, compared to $254,162,911 in Q1 2021, an increase of 36.5%[30]