GDMZH(SH:600382)2024-04-24 11:56Financial Performance - The company's operating revenue for Q1 2024 was CNY 117,920,779.86, representing a decrease of 31.00% compared to the same period last year[3]. - Net profit attributable to shareholders was CNY 34,182,955.46, down 55.91% year-on-year[3]. - The net profit after deducting non-recurring gains and losses was CNY 39,864,175.99, a decrease of 48.40% compared to the previous year[3]. - The basic and diluted earnings per share were both CNY 0.05, reflecting a decline of 50.00% year-on-year[3]. - Total operating revenue for Q1 2024 was ¥117,920,779.86, a decrease of 30.9% compared to ¥170,910,413.15 in Q1 2023[18]. - Net profit for Q1 2024 was ¥34,272,076.13, down 55.8% from ¥77,625,756.03 in Q1 2023[19]. - Basic and diluted earnings per share for Q1 2024 were both ¥0.05, compared to ¥0.10 in Q1 2023[19]. Revenue and Sales - The decrease in revenue was primarily attributed to a 35.07% reduction in iron concentrate sales volume from Mingzhu Mining[6]. - In Q1 2024, the company achieved a total revenue of CNY 116.10 million, a year-on-year decrease of 31.46%[11]. - Iron concentrate production was 125,800 tons, a decline of 48.10% year-on-year, while sales were 139,600 tons, down 35.07% due to reduced iron ore reserves[11]. - Sand and gravel production surged to 361,000 tons, an increase of 3367.62% year-on-year, with sales reaching 342,400 tons, up 583.84%[11]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,571,859,125.03, down 5.47% from the end of the previous year[4]. - As of March 31, 2024, total assets amounted to CNY 3.57 billion, down from CNY 3.78 billion at the end of 2023[14]. - Current liabilities totaled CNY 395.33 million, a decrease from CNY 542.71 million at the end of 2023[15]. Cash Flow - The company reported a net cash flow from operating activities of CNY -22,736,369.73, indicating a significant decline[3]. - Cash flow from operating activities showed a net outflow of ¥22,736,369.73 in Q1 2024, compared to a net outflow of ¥20,603,117.66 in Q1 2023[22]. - Cash flow from investing activities generated a net inflow of ¥40,557,651.52 in Q1 2024, contrasting with a net outflow of ¥3,976,820.00 in Q1 2023[23]. - Cash flow from financing activities resulted in a net outflow of ¥121,720,358.56 in Q1 2024, compared to a net inflow of ¥85,701,947.66 in Q1 2023[23]. - The ending cash and cash equivalents balance for Q1 2024 was ¥110,525,187.07, down from ¥279,865,324.19 in Q1 2023[23]. Tax and Investment - The company reported a significant decrease in tax expenses, with Q1 2024 tax expenses at ¥16,529,751.20 compared to ¥26,897,206.53 in Q1 2023, a reduction of 38.5%[18]. - The company achieved investment income of ¥875,323.46 in Q1 2024, with no comparable figure reported for Q1 2023[18]. Strategic Focus - The company plans to focus resources on mining operations and enhance internal control systems to improve governance[10]. - The company aims to accelerate the construction of the Dading Iron Mine open-pit mining project and improve the management capabilities of Mingzhu Mining[10]. - The company is actively working on the sale of debt assets to recover funds and minimize losses[10]. - The company is committed to developing its second core business to enhance overall competitiveness[10]. Shareholder Information - The company’s major shareholders include Shenzhen Jinxin'an Investment Co., Ltd. with a 23.42% stake and Xining Jinsun'an Investment Co., Ltd. with an 11.31% stake[7]. - The company has a share repurchase account holding 64,083,370 shares, accounting for 8.33% of the total share capital[9].