North Copper(SZ:000737)2023-08-03 16:00Financial Performance - The company's operating revenue for the first quarter was CNY 2,589,843,692.51, a decrease of 18.23% compared to the same period last year[43]. - The net profit attributable to shareholders of the listed company was CNY 203,622,149.36, down 24.05% year-on-year[43]. - The weighted average return on net assets decreased to 6.34%, down 1.73% from the previous year[43]. - Total operating revenue for the first quarter was ¥2,589,843,692.51, a decrease of 18.1% compared to ¥3,167,093,173.36 in the same period last year[52]. - Net profit for the first quarter was ¥203,622,149.36, down 24.0% from ¥268,099,568.01 year-over-year[54]. - Earnings per share (basic and diluted) were both ¥0.1149, compared to ¥0.1513 in the previous year[54]. Assets and Liabilities - Total assets increased by 12.80% to CNY 9,579,431,208.47 compared to CNY 8,492,199,188.02 at the end of the previous year[20]. - Total liabilities increased to CNY 5,053,163,363.66 from CNY 4,186,122,737.95, reflecting a rise in both current and non-current liabilities[15]. - Non-current assets totaled CNY 5,142,939,091.67, showing a slight increase from CNY 5,084,106,876.94[15]. - The total assets and liabilities plus equity increased to ¥9,579,431,208.47 from ¥8,492,199,188.02, indicating a growth of 12.8%[51]. Cash Flow - The net cash flow from operating activities was CNY 135,420,225.41, reflecting a significant decline of 82.93% compared to the previous year[43]. - Cash received from operating activities amounted to ¥2,991,334,144.15, down 16.0% from ¥3,564,609,095.10 in the previous period[57]. - Cash paid for operating activities totaled ¥2,855,913,918.74, an increase of 3.1% compared to ¥2,771,251,653.16 in the previous period[57]. - The total cash and cash equivalents increased by CNY 734,860,048.63, representing a 1407.47% increase, mainly due to increased cash inflows from financing activities[23]. - The total cash and cash equivalents at the end of the period reached ¥1,246,572,117.88, up 64.2% from ¥759,353,112.62 in the previous period[60]. - The net cash flow from financing activities is ¥751,797,856.45, a turnaround from a negative cash flow of -¥579,672,617.15 in the previous period[60]. Shareholder Equity - Equity attributable to shareholders rose by 5.11% to CNY 4,526,267,844.81 from CNY 4,306,076,450.07[20]. - The retained earnings rose to ¥958,917,962.89 from ¥755,295,813.53, marking an increase of 27.0%[51]. Borrowings - Short-term borrowings surged to CNY 418,784,100.00 from CNY 180,446,614.50, indicating increased leverage[15]. - Long-term borrowings increased to CNY 3,113,899,812.21, reflecting a 33.73% rise as the company expanded its financing scale[29]. - The company’s short-term borrowings rose to CNY 418,784,100.00, an increase of 132.08% compared to the beginning of the year, to meet operational needs[29]. Other Financial Metrics - The company reported no non-recurring gains or losses during the period, ensuring all financial results are reflective of regular operations[21]. - The company experienced an asset impairment loss of CNY 11,927,774.14, which was mainly due to inventory impairment provisions[23]. - Research and development expenses were reported at ¥656,588.05, a new expense category introduced this quarter[52]. - The company recorded an investment income of ¥432,811.33, compared to no investment income in the same period last year[52]. - Other comprehensive income after tax was reported at -¥152,525.00, indicating a loss in this category[54]. Future Plans - The company plans to enhance investor confidence by increasing shareholdings by directors and senior management, with a total investment of no less than CNY 1.4 million[13]. - The company plans to focus on market expansion and new product development in the upcoming quarters[56].