Workflow
西藏矿业(000762) - 2019 Q1 - 季度财报
TMDTMD(SZ:000762)2019-04-29 16:00

Financial Performance - The company's operating revenue for Q1 2019 was ¥53,940,919.91, a decrease of 40.66% compared to ¥90,897,101.55 in the same period last year[8] - The net profit attributable to shareholders was ¥260,636.21, a significant turnaround from a loss of ¥17,682,138.23 in the previous year, representing a 101.47% increase[8] - The net cash flow from operating activities was -¥699,212.63, which is an improvement of 85.70% compared to -¥4,889,192.39 in the same period last year[8] - Operating revenue and operating costs decreased by 40.66% and 51.38% year-on-year, respectively, due to increased sales of self-produced lithium salt products and adjustments in trading business[17] - Net profit attributable to the parent company increased by 101.47% year-on-year, driven by enhanced sales strategies and the recovery of overdue accounts receivable[18] - Net cash flow from operating activities increased by 85.70% year-on-year, mainly due to a reduction in cash paid for purchasing goods and receiving services[18] - The net profit for Q1 2019 was a loss of CNY 3,045,836.33, compared to a loss of CNY 21,336,100.68 in Q1 2018, representing a significant improvement[47] - The total comprehensive income for Q1 2019 was a loss of CNY 3,045,836.33, compared to a loss of CNY 21,336,100.68 in Q1 2018, indicating a notable recovery[47] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,873,686,551.74, reflecting a 2.56% increase from ¥2,801,989,820.00 at the end of the previous year[8] - The company's current assets totaled approximately CNY 1.77 billion, up from CNY 1.70 billion, indicating a growth of about 4.2% year-over-year[32] - Total liabilities rose to approximately CNY 478.31 million from CNY 403.94 million, an increase of about 18.4%[36] - The company's total liabilities increased to CNY 375,397,235.10 from CNY 277,126,518.35, marking a rise of 35.5% year-over-year[42] - The company's equity attributable to shareholders increased slightly to approximately CNY 1.98 billion from CNY 1.97 billion, a growth of about 0.3%[38] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 78,179, with the largest shareholder holding 19.93% of the shares[11] - The largest shareholder, Tibet Mining Development General Company, held 103,799,275 shares, with 19,587,035 shares pledged[11] Cash Flow - The total cash inflow from operating activities was CNY 80,707,717.08, a decrease of 53.5% compared to CNY 173,551,440.67 in the previous period[54] - The cash inflow from financing activities was CNY 100,000,000.00, with a net cash flow of CNY 98,642,222.22 after outflows[55] - The total cash and cash equivalents at the end of the period amounted to CNY 1,328,801,430.32, slightly down from CNY 1,344,585,157.94 in the previous period[55] - The cash inflow from sales of goods and services was CNY 74,265,855.71, down from CNY 170,138,911.15 in the previous period[52] Expenses and Income - Tax expenses decreased by 96.53% year-on-year, primarily due to the expiration of the carryforward period for previously unrecouped losses[18] - Financial expenses decreased by 145.54% year-on-year, mainly due to an increase in interest income from time deposits[17] - Non-operating income decreased by 95.04% year-on-year, primarily due to a reduction in gains from the disposal of fixed assets[17] - The company incurred a financial expense of CNY -367,718.07, a significant reduction from CNY 807,400.89 in Q1 2018[45] Other Financial Metrics - The weighted average return on net assets was 0.01%, an increase of 0.83% from -0.82% in the same period last year[8] - The company reported a basic earnings per share of ¥0.0005, compared to a loss of ¥0.0340 per share in the same period last year, marking a 101.47% improvement[8] - The company reported an operating profit of CNY -2,673,032.16 for Q1 2019, an improvement from CNY -17,252,432.80 in the same quarter last year[45] Other Information - The company did not engage in any repurchase agreements during the reporting period[14] - There were no non-recurring gains or losses defined as regular income during the reporting period[8] - The first quarter report of Tibet Mining Development Co., Ltd. is unaudited[60] - The company has implemented new financial instrument standards and new lease standards, with retrospective adjustments to prior comparative data not applicable[60] - The report was presented by Chairman Zeng Tai on April 28, 2019[61]