西藏矿业(000762) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was ¥136,124,079.55, representing a 139.77% increase compared to ¥56,771,760.81 in the same period last year[9] - The net profit attributable to shareholders was ¥20,077,021.18, a significant turnaround from a loss of ¥21,790,456.28 in the previous year, marking a 192.14% increase[9] - Basic earnings per share improved to ¥0.0385 from a loss of ¥0.0418, reflecting a 192.11% increase[9] - Operating income and operating costs increased by 139.77% and 81.64% year-on-year, respectively, due to increased sales efforts for self-produced lithium salt products[19] - Net profit attributable to the parent company increased by 192.14% year-on-year, driven by significant price increases in major products such as chromium iron ore and lithium salt[20] - The net profit for Q1 2021 was ¥24,769,976.45, a turnaround from a net loss of ¥25,080,811.60 in the previous year[63] - The total comprehensive income attributable to shareholders of the parent company was ¥20,077,021.18, a turnaround from a loss of ¥21,790,456.28 in the same period last year[67] Cash Flow - The net cash flow from operating activities reached ¥108,531,383.92, up 1,157.41% from ¥8,631,350.14 in the same period last year[9] - Net cash flow from operating activities increased by 1157.41% year-on-year, mainly due to increased cash received from sales and reduced cash paid for purchases[20] - The net cash flow from operating activities for the first quarter was CNY 64,093,661.85, a significant improvement compared to a net outflow of CNY 5,232,140.35 in the previous period[83] - The total cash inflow from operating activities was CNY 80,798,082.40, compared to CNY 6,646,884.40 in the previous year, indicating a substantial increase[83] - The total cash outflow for operating activities was CNY 16,704,420.55, which is higher than the previous year's outflow of CNY 11,879,024.75[83] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,714,289,876.36, a slight decrease of 0.34% from ¥2,723,615,043.59 at the end of the previous year[9] - The company's total assets as of March 31, 2021, amounted to ¥2,433,482,441.44, up from ¥2,399,966,943.83 at the end of 2020, reflecting a growth of approximately 1.4%[59] - Total liabilities decreased to ¥277,024,959.12 from ¥310,942,980.09, indicating a reduction of about 10.9%[49] - The total liabilities increased to ¥243,147,461.96 from ¥210,568,327.77, representing a rise of approximately 15.5%[59] - The company's total equity increased to ¥2,437,264,917.24 from ¥2,412,672,063.50, reflecting a growth of approximately 1.0%[52] - The total equity increased to ¥2,190,334,979.48 from ¥2,189,398,616.06, showing a slight growth of about 0.04%[59] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 61,607[12] - The largest shareholder, Tibet Mining Asset Management Co., Ltd., held 19.93% of the shares, amounting to 103,799,275 shares[12] - The company paid out ¥4,627,116.74 in dividends, compared to ¥658,652.78 in the previous period, reflecting a commitment to returning value to shareholders[79] Inventory and Receivables - Accounts receivable decreased by 71.48% compared to the beginning of the year, mainly due to the recovery of sales payments[19] - Inventory decreased by 30.45% compared to the beginning of the year, primarily due to the sale of inventory products[19] - Accounts receivable decreased significantly to ¥3,767,778.72 from ¥17,974,141.98, indicating a reduction of about 79.0%[43] - Inventory decreased to ¥177,511,869.30 from ¥253,502,540.24, reflecting a decline of approximately 30.0%[43] Financial Management - Financial expenses decreased by 83.38% year-on-year, mainly due to reduced interest income from bank deposits[19] - The company incurred a financial expense of -¥71,667.63, a decrease from -¥540,441.41 in the previous period, showing better cost management[72] - Credit impairment losses increased by 2190.45% year-on-year, mainly due to the provision for bad debts according to the company's accounting policy[20] - The company reported a decrease in credit impairment losses to -¥178,849.34 from -¥839,063.92 in the previous period, indicating improved asset quality[72] Investor Relations and Guidance - The company engaged in multiple communications regarding production and governance, indicating active investor relations efforts during the reporting period[39] - The company did not provide specific guidance or outlook for future performance during the conference calls, focusing instead on current operational metrics[39] Compliance and Reporting - The company did not undergo an audit for the first quarter report, which may affect the reliability of the financial data presented[87] - The company has not applied the new leasing standards for the current financial year, indicating a potential area for future compliance and reporting adjustments[87]