锡业股份(000960) - 2023 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2023 was ¥11,120,939,959.77, a decrease of 26.09% compared to ¥15,046,942,337.30 in the same period last year[3] - Net profit attributable to shareholders was ¥267,233,238.52, down 77.93% from ¥1,210,693,065.21 year-on-year[3] - The basic earnings per share decreased to ¥0.1624, a decline of 77.92% compared to ¥0.7356 in the previous year[3] - The company achieved operating revenue of 11.121 billion RMB, a year-on-year decrease of 26.09% but a quarter-on-quarter increase of 13.13%[13] - The net profit attributable to the parent company was 267.33 million RMB, down 77.93% year-on-year but up 28,029.83% quarter-on-quarter[13] - The company reported a net profit for the current period of approximately ¥275.86 million, a significant decrease of 77.7% compared to ¥1.23 billion in the previous period[19] - Operating profit for the current period is ¥349.09 million, down from ¥1.51 billion, reflecting a decline of 77.0%[19] - Total revenue from operating activities is ¥12.05 billion, a decrease of 25.0% from ¥16.08 billion in the previous period[21] - The company achieved a total comprehensive income of ¥406.67 million, down from ¥1.16 billion, indicating a decline of 65.0%[20] Cash Flow and Assets - The net cash flow from operating activities increased by 33.09% to ¥864,524,661.10, compared to ¥649,601,660.21 in the same period last year[3] - The net cash flow from operating activities was 864.52 million RMB, an increase of 33.09% year-on-year due to a reduction in taxes paid[10] - The company reported a net increase in cash and cash equivalents of 879.21 million RMB, a significant increase of 319.82% year-on-year[10] - The cash and cash equivalents increased to ¥3,250,919,593.87 from ¥2,397,537,629.69, representing a growth of approximately 35.7%[15] - The company reported a cash and cash equivalents balance of ¥2.97 billion at the end of the period, down from ¥3.82 billion[22] Assets and Liabilities - Total assets as of March 31, 2023, were ¥37,798,747,006.08, reflecting a 3.08% increase from ¥36,670,217,895.16 at the end of the previous year[3] - Total assets at the end of the reporting period were ¥37,798,747,006.08, compared to ¥36,670,217,895.16, marking an increase of about 3.1%[17] - The total liabilities increased to ¥20,053,317,668.02 from ¥19,348,317,571.09, reflecting a rise of approximately 3.6%[17] - The company's equity attributable to shareholders rose to ¥16,803,734,096.20 from ¥16,389,601,238.68, an increase of about 2.5%[17] - The net assets attributable to the parent company were 16.804 billion RMB, an increase of 2.53% from the end of the previous year[13] Operational Metrics - In Q1 2023, the company produced 80,400 tons of non-ferrous metals, including 20,800 tons of tin, 27,600 tons of copper, 30,900 tons of zinc, and 19 tons of indium[13] - The average price of tin futures in Q1 2023 was 209,220 RMB/ton, a 36.83% decrease from 331,190 RMB/ton in the same period last year[13] - The total operating costs for Q1 2023 were ¥10,799,692,804.23, down from ¥13,615,630,569.25, reflecting a reduction of about 20.6%[18] - The company experienced a 39.07% reduction in selling expenses, totaling ¥24,434,352.70 compared to ¥40,099,318.13 in the same period last year[8] - The company reported a decrease in tax and additional charges by 36.92%, amounting to ¥86,279,039.34 compared to ¥136,771,174.09 in the previous year[8] - Inventory decreased to ¥5,712,264,343.10 from ¥5,937,274,377.40, showing a decline of approximately 3.8%[16] Shareholder Information - The company's minority shareholders' profit decreased by 60.62% year-on-year, reflecting the overall decline in net profit[9] - The company's weighted average return on equity decreased by 5.91 percentage points to 1.61% from 7.52% year-on-year[3] Research and Development - Research and development expenses decreased to ¥27.39 million from ¥34.97 million, a reduction of 21.6%[19] Company Recognition and Future Plans - The company was recognized for its quality management and received multiple awards for technological advancements in the industry[14] - The company is actively pursuing capital increase and share expansion for its subsidiary, Yunnan Tin Industry New Materials Co., Ltd.[14] Audit Status - The company has not undergone an audit for the first quarter report[23]