海南矿业(601969) - 2024 Q1 - 季度财报

Financial Performance - The net profit for Q1 2024 was CNY 247,130.84 thousand, a 53.1% increase from CNY 161,508.27 thousand in Q1 2023[2] - Operating profit reached CNY 301,909.54 thousand, up 48.1% from CNY 203,799.34 thousand year-over-year[2] - Total comprehensive income attributable to the parent company was CNY 242,156.03 thousand, compared to CNY 132,582.80 thousand in the same period last year, reflecting an increase of 82.5%[4] - Earnings per share (EPS) for Q1 2024 were CNY 0.12, up from CNY 0.08 in Q1 2023, representing a 50% increase[4] - Net profit attributable to shareholders of the listed company was RMB 247,449.96 thousand, an increase of 53.21% year-on-year[16] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 225,861.52 thousand, up 49.46% year-on-year[16] - Basic earnings per share were RMB 0.12, reflecting a growth of 54.37% compared to the previous year[16] Cash Flow and Liquidity - Cash flow from operating activities showed a net outflow of CNY 8,044.35 thousand, a significant decline from a net inflow of CNY 454,721.70 thousand in Q1 2023[9] - Cash and cash equivalents at the end of Q1 2024 were CNY 2,939,638.39 thousand, down from CNY 3,819,738.33 thousand at the end of Q1 2023[9] - The net cash flow from operating activities was RMB -8,044.35 thousand, a decline of 101.77% year-on-year[16] - Cash and cash equivalents as of March 31, 2024, were CNY 3,000,780.74 thousand, down from CNY 3,231,628.23 thousand as of December 31, 2023[46] Revenue and Costs - The company's operating revenue for the first quarter was RMB 1,109,777.28 thousand, a decrease of 9.25% compared to the same period last year[16] - Total operating revenue for Q1 2024 was CNY 1,109,777.28 thousand, a decrease of 9.23% compared to CNY 1,222,923.98 thousand in Q1 2023[52] - Total operating costs for Q1 2024 were CNY 852,085.52 thousand, down 17.69% from CNY 1,035,660.16 thousand in Q1 2023[52] Expenses and Liabilities - The company incurred a tax expense of CNY 54,726.59 thousand, compared to CNY 42,077.06 thousand in the previous year, indicating a rise of 30.1%[2] - The company reported interest expenses of CNY 21,209.73 thousand, a decrease from CNY 24,045.70 thousand in the previous year[2] - Total liabilities as of March 31, 2024, were CNY 4,767,702.39 thousand, slightly up from CNY 4,767,064.27 thousand as of December 31, 2023[49] Investments and Projects - The company reported a significant increase in iron ore settlement prices compared to last year, contributing to the rise in net profit[20] - The production of oil and gas rights reached 198.53 thousand barrels of oil equivalent, an increase of 48.66%[26] - The company completed the repurchase of 39,356,926 shares, accounting for 1.93% of the total share capital, with a total expenditure of RMB 240,830,342.66[30] - The construction of important engineering projects is progressing, with 95% of the main production equipment installed and expected to be operational by July 2024[29] - The company plans to expand its market presence and enhance product offerings through ongoing research and development initiatives[20] - The company is advancing the construction of various oil and gas field projects, with a focus on the production phase for several key fields[43] - The Bougouni lithium mine project has completed site reconnaissance and overall design of the beneficiation system, with the mining contractor selected[60] Production and Inventory - Mechanized sand and gravel production reached 28.74 million tons, an increase of 42.84% compared to the previous period[42] - Inventory increased to 404,061.54 million from 296,463.93 million year-on-year[63] - Short-term borrowings rose to 1,325,379.85 million from 1,178,294.55 million year-on-year[63] - Non-current assets total 7,220,934.48 million, showing an increase from 7,139,541.23 million year-on-year[63] - Other receivables decreased to 102,643.68 million from 241,872.24 million year-on-year[63] Shareholder Information - Total number of common shareholders at the end of the reporting period is 54,148, with the largest shareholder, Hainan Haigang Group Co., Ltd., holding 29.35% of shares[53] - Shanghai Fosun High Technology (Group) Co., Ltd. holds 17.30% of the company's total shares, with 336,000,000 shares pledged[54]