兴业银锡(000426) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was CNY 764,280,800.45, representing a 66.51% increase compared to CNY 458,991,934.99 in the same period last year[4] - Net profit attributable to shareholders for Q1 2024 reached CNY 229,351,084.27, a significant increase of 1,539.37% from CNY 13,990,219.80 in the previous year[4] - The net profit after deducting non-recurring gains and losses was CNY 228,211,653.93, up 885.29% from CNY 23,161,942.33 year-on-year[4] - Basic and diluted earnings per share for Q1 2024 were CNY 0.1248, reflecting a 1,542.11% increase from CNY 0.0076 in the same period last year[4] - The company reported a 1561.34% increase in total profit, reaching CNY 265,692,371.17 compared to CNY 15,992,658.47 in the same period last year[9] - Operating profit for Q1 2024 was ¥268,086,941.16, compared to ¥25,533,667.45 in Q1 2023, reflecting a substantial improvement[24] - Net profit for Q1 2024 was ¥224,840,905.69, up from ¥13,991,954.51 in the previous year, indicating a growth of 1,504.1%[25] - The company’s total comprehensive income for Q1 2024 was ¥218,735,108.67, compared to ¥14,212,092.56 in the same period last year[25] Cash Flow and Liquidity - The net cash flow from operating activities was CNY 135,575,154.45, showing a slight increase of 4.59% compared to CNY 129,621,823.59 in the previous year[4] - The company reported a net cash outflow from investing activities of approximately ¥230.47 million, worsening from a net outflow of ¥132.95 million in the same quarter last year, indicating increased investment activities[27] - Cash inflow from financing activities was ¥423.03 million, a substantial increase from ¥24.83 million in the previous year, reflecting enhanced financing efforts[28] - The net cash flow from financing activities was ¥371.55 million, a significant turnaround from a net outflow of ¥23.72 million in the same period last year, showcasing improved financial management[28] - The ending cash and cash equivalents balance was ¥591.41 million, up from ¥314.75 million at the beginning of the period, indicating strong liquidity position[28] - The company's cash inflow from operating activities for Q1 2024 was approximately ¥982.52 million, a significant increase from ¥536.70 million in the same period last year, representing an increase of 83.0%[27] - The company received ¥50 million in new borrowings, compared to ¥24.83 million in the previous year, highlighting increased leverage for growth[28] Assets and Liabilities - Total assets at the end of Q1 2024 amounted to CNY 11,349,281,105.67, a 2.40% increase from CNY 11,083,437,191.46 at the end of the previous year[4] - Total liabilities decreased by 33.32% for accounts payable, mainly due to payments made to suppliers[10] - The company reported a total liability of ¥4,545,374,430.60 as of Q1 2024, compared to ¥4,497,561,816.84 in the previous year[23] - Total current liabilities amounted to ¥2,974,946,905.69, slightly up from ¥2,952,998,601.06 in the same period last year[23] - The company’s lease liabilities increased by 16451.11% compared to the beginning of the year, due to a new office lease agreement[11] Operational Highlights - Operating revenue for the current period increased by 66.51% compared to the previous period, driven by increased production and sales volume of mineral products[11] - The company experienced a 271.04% increase in selling expenses, totaling CNY 1,330,076.21 compared to CNY 358,467.68 in the previous year[8] - Research and development expenses for Q1 2024 were ¥9,851,897.65, a decrease from ¥13,932,410.63 in Q1 2023[24] Legal Matters - The company is actively responding to legal matters involving litigation with Tibet Pengxi, which may impact future profits[21] - The company received a notification from the Yunnan Provincial People's Procuratorate regarding a civil supervisory application related to the equity transfer dispute[21] - The company will continue to disclose information regarding the progress of legal matters as they develop[21] Other Income and Investments - Investment income increased by 35.58% compared to the previous period, primarily due to higher futures investment returns[11] - Other income increased by 63.38% compared to the previous period, mainly due to an increase in government subsidies[11] - Accounts receivable increased by 35.13% compared to the beginning of the year, primarily due to an increase in credit sales during the reporting period[10] - Accounts receivable rose to ¥15,965,555.58 from ¥11,814,762.09, marking a growth of about 35.5%[22] - Total current assets increased to ¥1,215,580,552.53 from ¥923,833,186.70, reflecting a growth of around 31.6%[22]