Yulong Gold(SH:601028)2024-04-16 12:44Financial Performance - The company's operating revenue for Q1 2023 was CNY 462,106,346.22, a decrease of 83.40% compared to the same period last year[5]. - Total revenue for Q1 2023 was CNY 462,106,346.22, a significant decrease from CNY 2,784,588,639.86 in Q1 2022[18]. - Operating profit for Q1 2023 reached CNY 218,518,102.70, compared to CNY 83,321,667.90 in the same period last year, indicating a strong improvement[19]. - Net profit for Q1 2023 was CNY 143,131,242.88, up from CNY 75,619,959.50 in Q1 2022, reflecting a year-over-year increase of approximately 89%[19]. - Basic earnings per share for Q1 2023 were CNY 0.1828, up from CNY 0.0966 in Q1 2022, indicating improved profitability per share[20]. Cash Flow - The net cash flow from operating activities for Q1 2023 was CNY 235,015,153.77, a significant improvement from a net outflow of CNY 494,939.94 in the same period last year[22]. - In Q1 2023, the company's cash inflow from operating activities was CNY 1,240,923,523.71, a decrease of 35.2% compared to CNY 1,916,921,979.69 in Q1 2022[22]. - The total cash outflow from operating activities in Q1 2023 was CNY 1,005,908,369.94, down 47.5% from CNY 1,917,416,919.63 in Q1 2022[22]. - Cash and cash equivalents at the end of Q1 2023 amounted to CNY 653,642,125.85, compared to CNY 1,036,688,835.83 at the end of Q1 2022, reflecting a decrease of 37.0%[23]. - The company reported cash inflow from financing activities of CNY 234,000,000.00 in Q1 2023, up from CNY 69,900,000.00 in Q1 2022, representing a growth of 234.5%[22]. - The net cash flow from financing activities in Q1 2023 was CNY 161,813,636.72, compared to a net outflow of CNY 11,702,409.95 in the same quarter last year[22]. - The cash outflow for investing activities in Q1 2023 was CNY 44,206,548.82, an increase from CNY 21,659,401.39 in Q1 2022[22]. - The company received CNY 3,998,814.97 from investment cash inflows in Q1 2023, down from CNY 18,427,759.75 in Q1 2022, indicating a decline of 78.3%[22]. - The net increase in cash and cash equivalents for Q1 2023 was CNY 348,547,751.73, compared to a decrease of CNY 15,514,594.21 in Q1 2022[23]. - The company reported a significant increase in cash received from other operating activities, totaling CNY 85,886,662.93 in Q1 2023, compared to CNY 42,970,816.77 in Q1 2022, marking an increase of 99.5%[22]. Assets and Liabilities - Total assets at the end of the reporting period reached CNY 7,928,318,176.29, representing a 33.87% increase from the end of the previous year[6]. - Total assets as of Q1 2023 amounted to CNY 7,928,318,176.29, compared to CNY 5,922,304,327.90 in the previous year[17]. - Total liabilities for Q1 2023 were CNY 4,915,187,177.61, an increase from CNY 3,023,731,597.34 in Q1 2022[17]. - The company's total equity reached CNY 3,013,130,998.68 in Q1 2023, compared to CNY 2,898,572,730.56 in the same quarter last year[17]. - The company's equity attributable to shareholders increased by 4.11% to CNY 2,901,603,513.46 compared to the end of the previous year[6]. Operational Metrics - The weighted average return on equity rose by 2.08 percentage points to 5.01%[5]. - The company reported a significant increase in accounts receivable by 201.81%, attributed to an increase in customer payments[7]. - Accounts receivable increased dramatically to RMB 2,881,348,028.94 from RMB 954,683,976.97, reflecting a rise of approximately 201.5%[15]. - Inventory levels increased by 52.96% due to a rise in operational stock[7]. - Inventory levels surged to RMB 1,306,472,277.82, compared to RMB 854,101,778.16, marking an increase of around 53%[15]. - The company experienced a 646.01% increase in accounts payable, indicating a rise in payments owed to suppliers[7]. - The company reported a significant increase in current assets, totaling RMB 6,779,311,281.60 as of March 31, 2023, compared to RMB 4,754,662,479.04 on December 31, 2022, representing a growth of approximately 42.5%[15]. Investments and Acquisitions - The company completed the acquisition of a 67% stake in Shaanxi Shanjin Mining Co., Ltd. for a total consideration of RMB 130.65 million, securing key mining rights[12]. - A partnership was established with Lighthouse Silicon Stone Mining Co., Ltd., involving an investment of RMB 25.75 million for a 35% equity stake[13]. - The company has completed the necessary licensing for the Shaanxi mining project, enhancing operational capabilities[12]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 65,756[9]. - The top two shareholders, Jinan High-tech Holding Group Co., Ltd. and Hainan Houai Technology Co., Ltd., hold 29.20% and 17.22% of shares, respectively[10]. - The company has no known related party relationships among the top shareholders, ensuring independent governance[11].