兴业银锡(000426) - 2024 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2024 reached ¥2,198,268,777.07, representing a 76.42% increase compared to ¥1,246,019,704.41 in the same period last year[12]. - Net profit attributable to shareholders was ¥883,413,041.24, a significant increase of 566.43% from ¥132,558,385.57 in the previous year[12]. - The net profit after deducting non-recurring gains and losses was ¥894,712,352.56, up 467.87% from ¥157,554,910.51 year-on-year[12]. - The basic earnings per share rose to ¥0.4808, reflecting a 565.93% increase compared to ¥0.0722 in the same period last year[12]. - Operating profit reached CNY 1,037,944,400, an increase of 491.86% compared to the same period last year[45]. - The total comprehensive income for the first half of 2024 was CNY 847,033,543.99, compared to CNY 130,858,416.04 in the same period of 2023, indicating a significant increase[135]. Asset and Equity Changes - Total assets at the end of the reporting period were ¥11,284,066,294.94, a 1.81% increase from ¥11,083,437,191.46 at the end of the previous year[12]. - Net assets attributable to shareholders increased to ¥7,214,938,486.29, marking an 11.41% rise from ¥6,476,277,712.61 at the end of the previous year[12]. - The company's total equity increased to CNY 5,471,934,049.50, up from CNY 4,802,945,896.70 in the previous year, reflecting a growth of 13.9%[133]. - The company's retained earnings increased to CNY 2,863,047,062.50 from CNY 2,099,051,515.50, representing a growth of about 36.43%[131]. Market and Price Trends - The average copper price in the first half of 2024 was approximately 74,550 CNY/ton, reflecting a 12% increase from the beginning of the year to the end of June[19]. - The average zinc price during the same period was around 22,100 CNY/ton, with a 13% increase noted[20]. - Lead metal prices saw a significant rise of 22%, averaging 16,800 CNY/ton in the first half of 2024[21]. - Tin metal prices increased by approximately 30%, averaging 240,000 CNY/ton during the first half of 2024[22]. Risk Management - The company faces risks related to market price fluctuations, safety production, environmental protection, and policy changes[3]. - The company has outlined its risk management strategies in the report, emphasizing the importance of investor awareness regarding these risks[3]. - The company actively engages in risk management through hedging strategies to mitigate price volatility in the market[37]. Subsidiary Performance - The company operates in five main sectors: mining, smelting, investment, trade, and research, with 15 subsidiaries under its control[25]. - The company has several subsidiaries, with notable contributions to net profit, including Inner Mongolia Xingye Group Xilin Mining Co., Ltd., which reported a net profit of 3,643,175.95 yuan[67]. - In the first half of 2024, Yinman Mining achieved a net profit of 709.25 million yuan, a 410.64% increase from 138.89 million yuan in the same period of 2023[70]. Environmental and Social Responsibility - The company has invested a total of 4.9489 million yuan in environmental protection during the reporting period[87]. - Subsidiaries Rongguan Mining and Hongbang Mining have been included in the autonomous region's green mine list, with Rongguan Mining actively pursuing national-level green mine standards[85]. - The company donated 400,000 yuan to promote rural revitalization in the local community[87]. Research and Development - The company invested CNY 31,857,164.34 in R&D, a 38.55% increase from the previous year[46]. - The company established R&D centers in subsidiaries to enhance its technological capabilities and foster innovation[44]. Compliance and Legal Matters - The company has not reported any incidents of pollutant exceedance during the reporting period[85]. - The company is involved in a civil lawsuit regarding the performance of a compensation agreement, with the amount in dispute being 0 million yuan[94]. - The company has initiated legal proceedings against Jizhe, Jixiang, Jiwei, and Guomin Trust for the fulfillment of performance compensation agreements[92]. Financial Management - The company reported a significant increase in cash and cash equivalents, rising to CNY 2,260,124.04 from CNY 685,055.91, a growth of approximately 230.36%[132]. - The total liabilities decreased to CNY 3,973,088,325.19 from CNY 4,497,561,816.84, indicating a reduction of about 11.66%[131]. - The company has not engaged in any asset or equity acquisitions or sales during the reporting period[101].