Sinomine(SZ:002738)2023-04-26 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥2,072,197,719.21, representing a 12.13% increase compared to ¥1,848,026,647.70 in the same period last year[3]. - Net profit attributable to shareholders for Q1 2023 was ¥1,095,883,953.80, a 41.41% increase from ¥774,982,238.25 year-on-year[3]. - Basic earnings per share for Q1 2023 were ¥2.3740, up 39.52% from ¥1.7015 in the previous year[3]. - The total comprehensive income for the current period was ¥1,043,083,529.86, compared to ¥774,200,833.22 in the previous period[18]. - Net profit for the current period was ¥1,093,375,899.23, representing a 41.27% increase from ¥774,179,224.60 in the previous period[17]. Cash Flow and Liquidity - The net cash flow from operating activities reached ¥439,518,174.24, showing a significant increase of 168.66% compared to ¥163,598,161.73 in Q1 2022[3]. - The net cash flow from financing activities was ¥2,969,165,147.39, a 209.28% increase compared to ¥960,030,773.15 in the same period last year, mainly due to private placement proceeds[7]. - The net cash inflow from investment activities was approximately ¥31,020,864, with total cash inflows from investment activities amounting to ¥31,699,967[20]. - The net increase in cash and cash equivalents for the quarter was approximately ¥3,209,944,872, resulting in a closing balance of ¥5,445,804,306[20]. - The company's cash and cash equivalents increased by 110.70% to ¥6,134,971,853.52, primarily due to funds raised from a private placement[6]. Assets and Liabilities - Total assets as of March 31, 2023, amounted to ¥15,375,014,800.33, a 33.90% increase from ¥11,482,451,154.99 at the end of the previous year[3]. - The company's total liabilities decreased to CNY 3.82 billion from CNY 3.95 billion, reflecting a reduction of about 3.2%[15]. - The equity attributable to shareholders of the parent company increased to CNY 11.54 billion, up from CNY 7.51 billion, indicating a growth of approximately 53.5%[15]. Investment and Expansion Plans - The company plans to increase the production capacity of the Bikita lithium mine from 1.2 million tons/year to 2 million tons/year, with a total investment of approximately 663.95 million RMB, which includes an additional investment of 299.74 million RMB from its own funds[10]. - The company has approved an investment of approximately 176 million CAD for a 1 million tons/year mining project in the Tanco area, aimed at enhancing its position in the North American lithium resource market[10]. - The company plans to invest in lithium projects with a total planned investment of CNY 300 million, targeting a production capacity of 35,000 tons of high-purity lithium salt annually[12]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 72,586, with the largest shareholder, China Nonferrous Metal Mining Group Co., Ltd., holding 15.77% of shares, equivalent to 72,800,000 shares[8]. - The top ten shareholders include several investment funds, with the second-largest shareholder, Sun Meichun, holding 5.22% of shares, equivalent to 24,076,710 shares[9]. - The company has a total of 20 million shares held through margin trading by its largest shareholder, China Nonferrous Metal Mining Group Co., Ltd.[9]. Research and Development - Research and development expenses rose to ¥37,960,633.28, an increase of 60.57% from ¥23,585,272.37 in the previous period[16]. Other Financial Metrics - The company's inventory decreased slightly to CNY 1.56 billion from CNY 1.58 billion, a decline of about 1.6%[14]. - The long-term equity investments rose to CNY 12.21 million, compared to CNY 11.51 million at the beginning of the year, an increase of approximately 6.1%[14]. - The deferred income tax liabilities increased to CNY 537.77 million from CNY 519.30 million, showing a growth of approximately 3.6%[15]. Audit Status - The report for the first quarter was not audited, indicating that the figures presented are preliminary[21].