2024-04-22 11:05Financial Performance - Total revenue for Q1 2024 was CNY 74.78 billion, a decrease of 0.22% compared to the same period last year[4] - Net profit for Q1 2024 reached CNY 7.65 billion, representing an increase of 11.23% year-on-year[4] - The net profit attributable to shareholders of the listed company was CNY 6.26 billion, up 15.05% from the previous year[4] - Basic earnings per share for Q1 2024 were CNY 0.238, a rise of 14.98% compared to the same period last year[4] - The company reported a revenue of 74.777 billion CNY in Q1 2024, a slight decrease of 0.22% year-on-year, but a 9% increase compared to Q4 2023[11] - The net profit attributable to shareholders for Q1 2024 was 6.261 billion CNY, reflecting a 15% increase year-on-year and a 26% increase quarter-on-quarter[11] - Total operating revenue for Q1 2024 was CNY 74.78 billion, a slight decrease of 0.22% from CNY 74.94 billion in Q1 2023[19] - Net profit for Q1 2024 reached CNY 7.65 billion, an increase of 11.19% compared to CNY 6.88 billion in Q1 2023[20] - Earnings per share (EPS) for Q1 2024 was CNY 0.238, up from CNY 0.207 in Q1 2023, reflecting a growth of 14.99%[20] Assets and Liabilities - The company's total assets at the end of Q1 2024 were CNY 355.91 billion, an increase of 3.76% from the end of the previous year[5] - Total liabilities increased to CNY 207.48 billion, up from CNY 204.64 billion year-over-year[18] - Total equity rose to CNY 148.43 billion, compared to CNY 138.36 billion in the previous year, indicating a growth of 7.99%[18] - The company reported a total asset value of 355.91 billion RMB as of March 31, 2024, compared to 343.01 billion RMB at the end of 2023[17] - The total current assets increased to 82.60 billion RMB in Q1 2024, up from 77.63 billion RMB in Q4 2023, primarily driven by an increase in cash and inventory[16] - The total inventory value rose to 30.57 billion RMB in Q1 2024, compared to 29.29 billion RMB in Q4 2023, indicating a strategic buildup of resources[16] - Long-term equity investments increased to 32.69 billion RMB in Q1 2024, up from 31.63 billion RMB in Q4 2023, reflecting ongoing investment strategies[17] - The company's short-term borrowings rose to 24.16 billion RMB in Q1 2024, compared to 20.99 billion RMB in Q4 2023, indicating increased leverage[17] Production and Sales - In Q1 2024, the company achieved a gold production of 16,805 kg, a 5% increase year-on-year, while copper production rose by 5% to 262,649 tons[11] - Zinc production decreased by 9% year-on-year to 98,453 tons, while the company maintained a stable production of iron concentrate at 53.56 million tons[12] - The company’s copper smelting output reached 190,805 tons in Q1 2024, an increase from 174,276 tons in the same period last year[12] - In Q1 2024, gold ingot sales volume was 9,448 kg with an average selling price of 472.74 RMB/g, resulting in a gross margin of 41.47% compared to 33.44% in Q4 2023[15] - Copper concentrate sales reached 163,026 tons with an average selling price of 51,194 RMB/ton, achieving a gross margin of 63.77%, up from 56.41% in Q4 2023[15] Cash Flow - The net cash flow from operating activities was CNY 8.17 billion, an increase of 4.38% year-on-year[4] - The company reported cash inflows from operating activities of ¥81,070,514,013, a decrease of 2.6% compared to ¥83,273,832,312 in Q1 2023[21] - The cash outflows from operating activities totaled ¥72,898,439,783, resulting in a net cash flow from operating activities of ¥8,172,074,230, compared to ¥7,829,053,840 in the same period last year[21] - The company experienced a net cash outflow from investing activities of ¥7,890,822,459, slightly higher than the outflow of ¥7,594,231,666 in Q1 2023[22] - Cash inflows from financing activities amounted to ¥16,892,871,372, an increase from ¥16,083,449,937 in Q1 2023[22] - The net cash flow from financing activities was ¥2,403,036,000, a significant improvement from a net outflow of ¥1,586,072,335 in the previous year[22] Strategic Focus - The company is focusing on quality improvement, cost control, and efficiency enhancement to manage rising production costs effectively[14] - The company plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency[14] - The company plans to expand its market presence and invest in new technologies to enhance production efficiency and product offerings in the upcoming quarters[15] - The company plans to continue investing in new technologies and market expansion strategies to drive future growth[21] Research and Development - Research and development expenses for Q1 2024 were CNY 326.10 million, slightly down from CNY 327.51 million in Q1 2023[19] - Research and development expenses for Q1 2024 were CNY 94,416,571, down from CNY 101,576,727 in Q1 2023, reflecting a decrease of 7.1%[26]