Hainan Mining(SH:601969)2021-04-29 16:00Financial Performance - Net profit attributable to shareholders increased significantly by 3,956.64% to CNY 196,824.05 thousand compared to the same period last year[17]. - Operating revenue decreased by 1.17% to CNY 775,529.81 thousand compared to the same period last year[17]. - Basic earnings per share increased by 4,900.00% to CNY 0.10 compared to the same period last year[17]. - The company's profit before tax rose, leading to a 181.18% increase in income tax expenses to RMB 65,521.74 thousand[29]. - The total comprehensive income for Q1 2021 was 219,529.52 thousand RMB, compared to 46,859.32 thousand RMB in Q1 2020[54]. - The net profit attributable to shareholders of the parent company for Q1 2021 was 196,824.05 thousand RMB, compared to 4,851.90 thousand RMB in Q1 2020, indicating a significant increase[54]. - The operating profit for Q1 2021 was 152,101.24 thousand RMB, compared to 52,402.33 thousand RMB in Q1 2020, reflecting strong operational performance[59]. - The total profit for Q1 2021 was 150,115.60 thousand RMB, significantly higher than 51,662.08 thousand RMB in Q1 2020[59]. Assets and Liabilities - Total assets increased by 5.56% to CNY 8,992,012.68 thousand compared to the end of the previous year[17]. - Total liabilities reached CNY 3,706,277.63 thousand, compared to CNY 3,457,414.68 thousand, marking an increase of approximately 7.19%[41]. - Non-current liabilities rose to CNY 1,185,854.46 thousand from CNY 961,634.99 thousand, an increase of about 23.38%[41]. - Current assets totaled CNY 3,727,284.52 thousand, up from CNY 3,416,107.38 thousand, indicating an increase of about 9.11%[36]. - Total liabilities rose from RMB 3,457,414.68 to RMB 3,692,505.65, an increase of RMB 235,090.97[74]. - The company recognized a right-of-use asset and lease liability of RMB 211,535.16 due to the new leasing standards effective from January 1, 2021[74]. Cash Flow - Net cash flow from operating activities decreased by 102.31% to -CNY 6,437.10 thousand compared to the same period last year[17]. - Cash received from tax refunds amounted to RMB 97,170.85 thousand, marking a 100% increase compared to the previous year[29]. - Cash inflow from operating activities for Q1 2021 was 889,137.75 thousand RMB, compared to 803,288.27 thousand RMB in Q1 2020[61]. - The cash outflow from operating activities for Q1 2021 was 895,574.85 thousand RMB, up from 524,177.03 thousand RMB in Q1 2020[61]. - The net cash flow from operating activities for Q1 2021 was ¥50,609.26 thousand, compared to a loss of ¥6,411.20 thousand in Q1 2020, indicating a significant improvement[66]. - Total cash inflow from operating activities reached ¥573,020.63 thousand, up from ¥306,982.89 thousand in the previous year, reflecting a growth of approximately 86.8%[66]. Shareholder Information - The total number of shareholders at the end of the reporting period was 32,308[22]. - The top shareholder, Shanghai Fosun Industrial Investment Co., Ltd., holds 34.38% of the shares[22]. Expenses - Sales expenses surged by 133.26% to RMB 2,397.71 thousand, driven by increased business volume[26]. - Research and development expenses increased significantly by 14,988.88% to RMB 11,316.66 thousand, reflecting heightened investment in iron ore exploration[26]. - The company reported a tax expense of 38,330.58 thousand RMB for Q1 2021, compared to 12,915.52 thousand RMB in Q1 2020[59]. Inventory and Receivables - Inventory increased by 95.69% to RMB 437,952.31 thousand, primarily due to the rise in trade mineral stock[24]. - Accounts receivable financing rose by 34.54% to RMB 185,033.47 thousand, attributed to an increase in bill settlement business[24]. - The total amount of accounts receivable increased to CNY 206,160.24 thousand from CNY 194,378.06 thousand, reflecting a growth of approximately 6.00%[36].