Hainan Mining(SH:601969)2023-04-28 16:00Financial Performance - In Q1 2023, the company's total operating revenue reached RMB 1,222,923.98 thousand, representing a 10.12% increase compared to the same period last year[16]. - The net profit attributable to shareholders of the listed company was RMB 161,508.27 thousand, a decrease of 16.54% year-on-year[16]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 151,121.26 thousand, down 9.42% from the previous year[16]. - The basic earnings per share for the period was RMB 0.08, a decrease of 16.54% compared to the same period last year[16]. - Total comprehensive income for the period is 132,582.80 million, compared to 220,612.24 million in the previous period, representing a decrease of about 40%[30]. - Basic earnings per share are reported at 0.08, down from 0.10 in the previous period[30]. - The company reported a net increase in cash and cash equivalents of 170,909.86 thousand RMB during the period[35]. Cash Flow - The net cash flow from operating activities was RMB 454,721.70 thousand, reflecting a 12.68% increase[16]. - The company generated a net cash flow from operating activities of 454,721.70 million, an increase from 403,534.68 million[33]. - Cash flow from investing activities resulted in a net outflow of 106,080.72 million, compared to a net outflow of 136,300.08 million previously[33]. - Cash flow from financing activities totaled 454,260.17 million, a decrease from 648,957.13 million in the previous period[33]. - The net cash flow from financing activities was -156,473.02 thousand RMB, compared to 226,681.26 thousand RMB in the previous period[35]. Assets and Liabilities - Total assets at the end of the reporting period were RMB 11,219,509.67 thousand, down 6.08% from the end of the previous year[17]. - Total current assets amounted to 5,928,996.25 thousand RMB, remaining unchanged from the previous period[36]. - Non-current assets totaled 6,016,574.42 thousand RMB, with a slight increase to 6,018,974.89 thousand RMB after adjustments[36]. - Total liabilities were reported at 4,571,851.53 thousand RMB, with a minor adjustment to 4,572,250.22 thousand RMB[39]. - The total equity attributable to shareholders reached 6,319,574.66 thousand RMB, slightly increasing to 6,321,576.44 thousand RMB after adjustments[39]. Investment and Development - The company did not report any significant investment progress during the quarter[21]. - The company acquired 49% equity in Rock Oil for $163 million, resulting in full ownership of Rock Oil[46]. - The company plans to invest $118 million in Kodal Minerals PLC to gain control of lithium mining assets in Mali[46]. - The company has made progress on its 40,000-ton lithium hydroxide project, obtaining necessary construction permits and completing procurement for nearly 30 key pieces of equipment[61]. Production and Operations - The company achieved a raw ore production of 1.4913 million tons, with a year-on-year decrease of 15.77% in finished ore production to 683,800 tons[43]. - Oil and gas production amounted to 1.3355 million barrels of oil equivalent, a decline of 8.29% year-on-year, with oil production at 656,100 barrels and gas production at 679,400 barrels[43]. - The finished ore sales volume was 629,900 tons, a decrease of 13.81% year-on-year due to insufficient shipping capacity[43]. - The company completed the construction of 659.3 meters of the mining project at Shilu Iron Mine during the reporting period[44]. - The core equipment for the Shilu Iron Mine's suspension magnetization roasting technology project reached 60% completion by the end of the reporting period[44]. Shareholder Information - The company has a total of 67,416 common shareholders at the end of the reporting period[40]. - The company granted 3.4578 million reserved restricted stock to 46 incentive targets as part of its long-term incentive mechanism[45].