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西藏矿业(000762) - 2018 Q4 - 年度财报
TMDTMD(SZ:000762)2019-04-25 16:00

Financial Performance - The company's operating revenue for 2018 was ¥499,737,129.83, a decrease of 25.14% compared to ¥667,552,807.85 in 2017[24] - The net profit attributable to shareholders for 2018 was -¥180,968,278.00, representing a decline of 623.88% from ¥34,543,777.85 in 2017[24] - The basic earnings per share for 2018 was -¥0.3475, a decline of 624.13% from ¥0.0663 in 2017[24] - The weighted average return on net assets was -8.76% in 2018, a decrease of 10.37% from 1.61% in 2017[24] - The main business income decreased by 23.14% to 460.12 million yuan, while other business income fell by 42.53% to 39.62 million yuan[51] - The company experienced a net loss attributable to shareholders of 180.97 million yuan, a significant decline of 623.88% compared to the previous year[51] - The company reported a net profit available for distribution to ordinary shareholders of -68,534,221.38 CNY for 2018, and a cumulative profit available for distribution in the consolidated financial statements of -184,396,516.23 CNY[137] Cash Flow and Assets - The net cash flow from operating activities improved by 27.84%, amounting to -¥60,882,665.91 in 2018 compared to -¥84,367,989.34 in 2017[24] - Total assets at the end of 2018 were ¥2,801,989,820.00, down 9.81% from ¥3,106,891,990.24 at the end of 2017[24] - The net assets attributable to shareholders decreased by 8.40%, totaling ¥1,975,743,590.98 at the end of 2018 compared to ¥2,156,843,943.64 at the end of 2017[24] - The total cash and cash equivalents decreased by ¥207,757,511.73, a decline of 589.45% year-on-year[78] - The company's monetary funds at the end of 2018 amounted to ¥1,245,182,208.77, which is 44.44% of total assets[82] Production and Operations - The company holds mining rights for the Robsa chromium mine, with an annual production capacity of approximately 30,000 tons and a remaining exploitable reserve of 201 million tons[40] - The company has exclusive mining rights for the Zabuye salt lake, which is the world's third-largest lithium salt lake, with proven lithium reserves of 184.10 thousand tons[40] - The annual production capacity for lithium concentrate at Zabuye is around 5,000 tons, utilizing a solar evaporation method that minimizes environmental impact[40] - In 2018, the company produced 22,760.92 tons of chrome ore, a decrease of 8.95% compared to the previous year, while lithium concentrate production increased by 12.41% to 4,704.36 tons[49] - The sales volume of chrome ore dropped by 53.40% to 9,328.51 tons, and the sales of industrial-grade lithium carbonate decreased by 44.50% to 918.86 tons[50] Strategic Plans and Challenges - The company plans not to distribute cash dividends or issue bonus shares[7] - The company plans to enhance technological innovation and improve production management in response to market challenges in 2019[55] - The company aims to strengthen its sales quality and expand trade markets to mitigate risks associated with declining prices and demand[56] - The company faces significant challenges in 2019 due to a saturated market and declining prices for its main products, particularly chrome and lithium[55] - The company plans to enhance risk awareness and strengthen responsibility management to improve governance levels[124] Environmental and Regulatory Compliance - The company is classified as a key pollutant discharge unit by environmental protection authorities[181] - The company has invested over 97,700 yuan in environmental protection measures during the year[184] - The company has implemented emergency response plans for environmental incidents in compliance with relevant laws and regulations[185] - In 2018, the company completed environmental monitoring quarterly, with all results within standards, and reports filed with local authorities[186] Corporate Governance and Shareholder Relations - The company has not reported any changes in its main business since its listing[22] - There are no significant changes in the controlling shareholders during the reporting period[22] - The company has not proposed any cash dividend distribution plan despite having positive profits available for distribution in previous years[137] - The company has not completed any commitments that are overdue as of the reporting period[145] - The company has been under investigation by the China Securities Regulatory Commission for failing to timely re-elect the board and for slow progress on fundraising projects[157]