CMOC(603993)2025-04-25 09:40Financial Performance - The company's operating revenue for Q1 2025 was CNY 46,005,929,071.08, a slight decrease of 0.25% compared to the same period last year[6] - Net profit attributable to shareholders increased by 90.47% year-on-year, reaching CNY 3,946,025,081.10[6] - Basic and diluted earnings per share both rose by 80.00% to CNY 0.18[6] - Operating profit for Q1 2025 increased to CNY 6,309,968,055.14, compared to CNY 3,526,330,231.51 in Q1 2024, marking an increase of approximately 79.5%[22] - Net profit for Q1 2025 reached CNY 4,410,453,403.73, up from CNY 2,332,069,634.29 in Q1 2024, reflecting an increase of about 89.1%[22] Cash Flow - The net cash flow from operating activities decreased significantly by 76.02%, amounting to CNY 1,313,844,803.84[6] - In Q1 2025, the net cash flow from operating activities was 5.48 billion in Q1 2024[26] - Total cash inflow from operating activities was 42.43 billion in the same period last year[26] - Cash outflow for purchasing goods and services increased to 32.29 billion in Q1 2024, reflecting a 13.4% rise[26] - The net cash flow from investing activities was negative at (2.95) billion in Q1 2024[27] - Cash inflow from financing activities totaled 30.17 billion in Q1 2024[27] - The net cash flow from financing activities was (2.15) billion in the previous year[27] - The ending cash and cash equivalents balance increased to 26.52 billion at the end of Q1 2024, marking an 8.2% increase[27] Assets and Liabilities - Total assets increased by 6.58% to CNY 181,443,759,102.82 compared to the end of the previous year[7] - Current assets totaled CNY 92,308,216,799.08 as of March 31, 2025, compared to CNY 79,174,392,805.23 at the end of 2024, indicating a growth of approximately 16.4%[21] - Total liabilities increased to CNY 91,404,017,378.64 as of March 31, 2025, from CNY 84,294,195,547.05 at the end of 2024, representing an increase of about 8.5%[21] - The company’s total equity as of March 31, 2025, was CNY 90,039,741,724.18, up from CNY 85,942,236,144.77 at the end of 2024, indicating an increase of approximately 4.8%[21] Production and Revenue - The company reported a copper production increase of 15.65% year-on-year, reaching 170,574 tons, while sales volume decreased by 1.36% to 123,836 tons[13] - Cobalt production rose by 20.68% to 30,414 tons, with sales volume slightly declining by 0.24% to 24,219 tons[13] - The company's revenue from copper reached approximately RMB 12.42 billion, with a gross margin of 55.21%, an increase of 7.14 percentage points compared to the previous year[16] - Cobalt revenue was approximately RMB 3.78 billion, with a gross margin of 61.42%, up by 24.81 percentage points year-on-year[16] - The company achieved a total revenue of RMB 16.82 billion from mineral trading, with a gross margin of 15.10%, an increase of 12.06 percentage points[17] - The refined metal products revenue was approximately RMB 22.59 billion, but the gross margin decreased to 0.67%, down by 1.99 percentage points year-on-year[17] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 282,600[10] - The top ten shareholders collectively hold 89.25% of the company's shares, with the largest shareholder owning 24.81%[11] - The total number of shares held by the largest shareholder, Hongshang Industrial Holdings Group Co., Ltd., is 5,333,220,000, representing a 24.81% stake[12] - The company’s repurchase account holds 104,930,443 shares as of the reporting period[12] Research and Development - Research and development expenses for Q1 2025 were CNY 103,953,302.79, significantly higher than CNY 51,796,305.90 in Q1 2024, reflecting an increase of approximately 100%[22] Sustainability and Future Outlook - The company has been recognized in the S&P Global Sustainability Yearbook (China Edition) for the third consecutive year, highlighting its commitment to ESG and sustainable development[18] - The company aims to maintain production stability and increase output, capitalizing on favorable market conditions[18]