赤峰黄金(600988) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 reached ¥2,407,203,605.84, representing a 29.85% increase compared to ¥1,853,842,113.41 in the same period last year[4] - Net profit attributable to shareholders was ¥483,416,308.44, a significant increase of 141.10% from ¥200,507,242.93 year-on-year[4] - Basic earnings per share rose to ¥0.29, reflecting a 141.67% increase compared to ¥0.12 in the previous year[5] - Operating profit for Q1 2025 was ¥818,176,911.20, compared to ¥359,192,685.63 in Q1 2024, reflecting a significant growth[29] - The total comprehensive income for Q1 2025 was ¥548,761,682.74, compared to ¥239,902,117.38 in Q1 2024[30] Asset and Equity Growth - Total assets increased by 10.56% to ¥22,475,764,627.26 from ¥20,328,568,613.12 at the end of the previous year[5] - The net assets attributable to shareholders grew by 37.62% to ¥10,895,003,075.38, driven by operational accumulation and the successful fundraising from H-share listing[5] - The total equity attributable to shareholders of the parent company increased to RMB 10,895,003,075.38 as of March 31, 2025, from RMB 7,916,811,035.17 at the end of 2024[24] Cost and Expenses - The company’s total costs for Q1 2025 were ¥1,571,787,054.50, an increase from ¥1,483,556,637.25 in Q1 2024[29] - The company experienced a decrease in research and development expenses to ¥14,482,515.80 from ¥16,414,676.91 year-over-year[29] - The unit cost of gold for Q1 2025 was RMB 355.09 per gram, an increase of 11.51% compared to RMB 300.51 per gram in the same period last year[16] Cash Flow and Liquidity - The company's cash flow from operating activities was ¥338,008,396.30, down by 12.81% from ¥387,683,907.25 in the previous year[5] - Cash and cash equivalents at the end of Q1 2025 totaled ¥4,580,248,304.76, significantly higher than ¥1,323,922,668.28 at the end of Q1 2024[35] - The company reported a net cash inflow from operating activities of ¥338,008,396.30, down from ¥387,683,907.25 in Q1 2024[34] - The company reported a net cash outflow from investing activities of ¥404,958,005.79, compared to a net outflow of ¥347,989,086.62 in Q1 2024[34] Production and Sales - The company maintained stable gold production and sales, effectively controlling costs and benefiting from rising gold prices[8] - The production volume of gold decreased by 6.89% to 3,338.88 kg, while the sales volume decreased by 7.04% to 3,331.08 kg[18] - The sales price of gold increased by 40.25% to RMB 658.44 per gram compared to the same period last year[18] - The production of molybdenum concentrate by the subsidiary Hanfeng Mining was 141.40 tons, which remains unsold[14] Liabilities and Ratios - The asset-liability ratio decreased to 38.62%, down by 8.63 percentage points from 47.25% at the end of the previous year[5] - The total liabilities decreased to RMB 8,681,221,412.60 as of March 31, 2025, from RMB 9,605,453,197.04 at the end of 2024[24] Future Outlook - The company expects the unit cost of gold to gradually return to normal levels in the following quarters after a significant increase in Q1 due to operational cost increases and lower ore grades[19]