TIBET SUMMIT(SH:600338)2024-04-29 15:41Financial Performance - Operating revenue decreased by 41.06% due to a decline in both product prices and sales volume[15] - Net profit attributable to shareholders dropped by 130.28% compared to the previous period[15] - Net profit excluding non-recurring gains and losses fell by 128.93% due to increased costs in mining and smelting operations[15] - Basic earnings per share decreased by 130.29% in the current reporting period[15] - Diluted earnings per share also fell by 130.29%[15] - Net profit attributable to shareholders decreased to -¥24,673,907.33, a decline of 130.28% compared to the previous year[33] - Operating revenue for the period was ¥307,035,488.29, reflecting a decrease of 41.06% year-over-year[33] - Basic earnings per share fell to -¥0.0270, down 130.29% from the previous period[33] - The company reported a net loss attributable to shareholders of CNY 7,056,191.15 in Q1 2024, compared to a profit of CNY 140,392,006.85 in Q1 2023[47] - The company reported a basic and diluted earnings per share of -0.0270 for Q1 2024, compared to 0.0048 in Q1 2023[47] Cash Flow - Net cash flow from operating activities declined by 125.28% due to reduced sales revenue[15] - Cash flow from operating activities showed a net outflow of -¥73,087,694.59, a decline of 125.28% compared to the same period last year[33] - In Q1 2024, the net cash flow from operating activities was -73,087,694.59, a significant decrease compared to 289,815,751.71 in Q1 2023[48] - Total cash inflow from operating activities in Q1 2024 was 208,385,642.90, down from 763,197,841.75 in Q1 2023, representing a decline of approximately 72.6%[48] - Cash outflow from operating activities in Q1 2024 was 281,473,337.49, compared to 473,382,090.04 in Q1 2023, indicating a decrease of about 40.5%[48] - The company received tax refunds of 679,545.92 in Q1 2024, down from 2,191,229.52 in Q1 2023[48] - The cash inflow from other operating activities was 16,587,290.28 in Q1 2024, compared to 32,373,931.42 in Q1 2023, reflecting a decrease of approximately 48.7%[48] Assets and Liabilities - Total assets increased by 2.90% to ¥5,651,177,028.72 compared to ¥5,491,698,743.54 in the previous period[4] - Current liabilities rose to ¥2,326,958,072.26, up from ¥2,242,106,847.13, indicating an increase of about 3.79%[23] - Non-current liabilities increased to ¥32,494,527.89 from ¥23,641,948.48, marking a rise of approximately 37.73%[23] - The company's total liabilities reached ¥2,359,452,600.15, up from ¥2,265,748,795.61, an increase of about 4.14%[23] - The total non-current assets increased to CNY 4,936,984,907.55 as of March 31, 2024, from CNY 4,781,460,036.61 at the end of 2023[41] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 120,612[15] - The largest shareholder, China Global New Technology Import and Export Co., Ltd., holds 4.91% of the shares[16] Operational Adjustments - The company is adjusting its mining operation model in 2023, with a focus on increasing production capacity in Q1 2024[38] - The company plans to strengthen the completion of production plan targets throughout the year[38] Financial Expenses - The company reported a significant increase in financial expenses, with total financial costs amounting to ¥18,284,222.61, down from ¥161,706,950.61[27]