2023-04-27 16:00Financial Performance - In Q1 2023, the company achieved operating revenue of CNY 74.94 billion, a year-on-year increase of 15.71%[4] - The net profit attributable to shareholders was CNY 5.44 billion, a decrease of 11.14% compared to the same period last year[4] - The company reported a net profit margin of 7.26% for the quarter, down from the previous year[4] - The net profit for Q1 2023 was CNY 6,876,884,589, a decrease of 7.3% compared to CNY 7,415,265,303 in Q1 2022[16] - Total comprehensive income for Q1 2023 was CNY 8,235,101,190, down from CNY 8,715,765,250 in Q1 2022, reflecting a decline of 5.5%[16] - The basic earnings per share for Q1 2023 was CNY 0.207, down from CNY 0.233 in Q1 2022, a decrease of 11.2%[16] - The basic earnings per share for Q1 2023 were CNY 0.004, down from CNY 0.024 in Q1 2022, a decrease of 83.33%[24] Production and Operations - Gold production increased by 22% year-on-year, while copper production rose by 24%[9] - Gold production in Q1 2023 reached 15,952 kg, an increase from 13,100 kg in Q1 2022, with a gross margin of 48.37% compared to 50.64% in Q1 2022[10] - Copper production in Q1 2023 was 244,471 tons, up from 196,576 tons in Q1 2022, with a gross margin of 58.74%, down from 66.93% in Q1 2022[10] - Zinc production in Q1 2023 was 105,004 tons, slightly down from 108,184 tons in Q1 2022, with a gross margin of 32.21%, down from 59.14% in Q1 2022[10] - Silver production in Q1 2023 was 104,263 kg, an increase from 90,940 kg in Q1 2022, with a gross margin of 48.75% compared to 54.73% in Q1 2022[10] - The overall gross margin for mining enterprises in Q1 2023 was 53.53%, down from 61.12% in Q1 2022[10] Cash Flow and Assets - The company's cash flow from operating activities was CNY 7.83 billion, reflecting a year-on-year increase of 5.40%[4] - Total current assets as of March 31, 2023, amounted to CNY 80.51 billion, compared to CNY 79.64 billion at the end of 2022[12] - Cash and cash equivalents decreased to CNY 18.93 billion from CNY 20.24 billion year-over-year[12] - Inventory increased to CNY 30.60 billion from CNY 28.10 billion year-over-year[12] - The company reported a total receivables of CNY 8.24 billion, up from CNY 7.92 billion year-over-year[12] - Cash flow from operating activities increased to CNY 83,273,832,312, compared to CNY 70,052,027,258 in the same period last year, representing a growth of 18.9%[18] - Cash and cash equivalents at the end of Q1 2023 were CNY 18,219,656,407, down from CNY 22,544,066,885 at the end of Q1 2022[19] Liabilities and Equity - Total liabilities as of Q1 2023 amounted to ¥184,523,229,558, compared to ¥181,588,693,965 in Q1 2022, showing a slight increase of about 1.1%[14] - Non-current liabilities totaled ¥110,779,143,878 in Q1 2023, a marginal increase from ¥110,418,790,129 in Q1 2022, representing a growth of approximately 0.3%[14] - The total equity increased to CNY 36,632,232,436 from CNY 36,514,388,467, a growth of 0.32%[22] Research and Development - Research and development expenses rose to ¥327,510,911 in Q1 2023, compared to ¥176,802,866 in Q1 2022, marking an increase of about 85.1%[15] - Research and development expenses increased to CNY 101,576,727, up from CNY 72,461,841, reflecting a growth of 40.29% year-over-year[23] Market Strategy - The company plans to continue expanding its market presence and investing in new technologies[9]