国城矿业(000688) - 2022 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2022 was ¥449,852,369.37, representing a 106.63% increase compared to ¥217,706,983.44 in the same period last year[5] - The net profit attributable to shareholders was ¥42,841,727.20, a decrease of 13.64% from ¥49,607,713.34 year-on-year[5] - The net cash flow from operating activities was ¥103,432,305.60, down 38.07% from ¥167,013,958.73 in the previous year[5] - Operating costs for Q1 2022 were ¥406,330,454.95, compared to ¥158,990,846.95 in Q1 2021, indicating an increase of about 155.5%[32] - Net profit for Q1 2022 was ¥30,555,691.15, down from ¥49,607,713.34 in Q1 2021, reflecting a decrease of approximately 38.5%[35] - Basic earnings per share for Q1 2022 were ¥0.0391, a decrease from ¥0.0453 in the same period last year, representing a decline of about 13.8%[38] - Tax expenses for Q1 2022 amounted to ¥14,908,500.38, up from ¥11,114,055.34 in Q1 2021, reflecting an increase of about 34.0%[35] Assets and Liabilities - The total assets at the end of the reporting period were ¥5,517,342,073.66, an increase of 0.90% from ¥5,468,111,027.98 at the end of the previous year[5] - The company's current assets decreased to CNY 333,892,809.02 from CNY 408,181,168.28 at the beginning of the year, reflecting a decline of approximately 18.2%[25] - Cash and cash equivalents decreased significantly from CNY 178,524,581.47 to CNY 87,703,819.86, a drop of about 50.0%[22] - Accounts receivable decreased from CNY 48,724,204.22 to CNY 5,752,862.26, representing a decline of approximately 88.2%[22] - The company's total liabilities increased to CNY 2,487,131,597.68 from CNY 2,468,317,813.20, indicating a rise of about 0.8%[28] - The long-term borrowings increased from CNY 170,261,111.11 to CNY 235,121,699.75, reflecting an increase of approximately 38.2%[28] - The total non-current assets rose to CNY 5,183,449,264.64 from CNY 5,059,929,859.70, an increase of approximately 2.4%[25] - The company's contract liabilities increased from CNY 89,855,715.42 to CNY 109,112,893.12, representing a growth of about 21.4%[28] Cash Flow - The cash flow from financing activities increased by 320.22% to ¥40,699,504.52, mainly due to project construction loans received during the period[12] - Cash inflow from operating activities totaled $566,677,088.51, compared to $346,004,343.74 previously[45] - Cash outflow from operating activities was $463,244,782.91, significantly higher than $178,990,385.01 in the prior period[45] - The net cash flow from investing activities was -$234,954,866.62, improving from -$465,920,332.53 previously[45] - Cash inflow from financing activities was $73,437,151.75, up from $10,000,000.00 previously[45] - The ending balance of cash and cash equivalents was $87,700,782.57, down from $545,001,230.19 previously[45] Other Financial Metrics - The weighted average return on equity decreased to 1.64% from 2.03% in the previous year[5] - The company received government subsidies amounting to ¥178,631.71 during the reporting period[7] - The company reported a decrease in other comprehensive income after tax, which was -¥396,605.26 in Q1 2022 compared to -¥2,146,288.57 in Q1 2021[36] - The total equity attributable to shareholders of the parent company increased to ¥2,639,874,023.41 from ¥2,597,170,726.15 at the beginning of the year, showing a growth of about 1.6%[31] Strategic Developments - The company plans to acquire 100% equity of Inner Mongolia Guocheng Industrial Co., Ltd. through cash payments, as approved in the board meeting on April 24, 2022[21] - The company reported a significant increase in prepayments, which rose by 179.66% to ¥36,942,562.10, attributed to prepayments for trade business[8] - The financial expenses surged by 1919.84% to ¥9,552,381.18, mainly due to increased borrowing interest and the consolidation of Yubang Mining[12] - The company experienced a 38.41% decline in net profit, primarily due to losses from the consolidated Yubang Mining, which was under suspension[12]