HBIS Resources (000923)2023-08-29 16:00Financial Performance - The company's operating revenue for the first half of 2023 was CNY 2,361,768,638.19, a decrease of 15.60% compared to CNY 2,798,246,680.29 in the same period last year[38]. - Total revenue for the reporting period was ¥2,361,768,638.19, a decrease of 15.60% compared to ¥2,798,246,680.29 in the same period last year[39]. - Revenue from metal mining and processing was ¥2,301,612,329.21, accounting for 97.45% of total revenue, down 16.16% from ¥2,745,220,493.30[39]. - Copper revenue increased by 20.62% to ¥514,471,024.95, representing 21.78% of total revenue, compared to ¥426,521,166.24 in the previous year[39]. - Revenue from magnetite decreased by 26.20% to ¥1,559,274,090.53, which accounted for 66.02% of total revenue[39]. - The company reported a total comprehensive income loss of approximately ¥141.74 million for the current period, compared to a comprehensive income of ¥380.89 million in the previous period[107]. - The total comprehensive income for the first half of 2023 is CNY 198,033,728.07, significantly lower than CNY 856,570,263.64 in the same period of 2022, indicating a decrease of approximately 76.8%[131]. - The net profit for the first half of 2023 was CNY 519,785,458.01, a decline of 17.6% compared to CNY 630,381,558.91 in the same period of 2022[129]. - The net profit attributable to the parent company for the first half of 2023 is CNY 380,895,110.49, a decrease from CNY 436,413,851.53 in the same period of 2022, representing a decline of approximately 12.7%[131]. Cash Flow and Investments - The net cash flow from operating activities was CNY 691,471,173.65, down 5.81% from CNY 734,140,549.24 in the previous year[38]. - The company's cash flow from operating activities for the first half of 2023 was negative at -12,404,554.04 CNY, compared to a positive cash flow of 17,232,280.69 CNY in the same period of 2022[102]. - Total cash inflow from investment activities was 348,230,000.00 CNY, an increase from 333,168,842.60 CNY in the first half of 2022[102]. - The net cash flow from investing activities was -500,150,331.80 CNY, compared to -473,878,148.78 CNY in the previous period, indicating an increase in investment outflows[142]. - The net cash flow from financing activities was -216,387,803.58 CNY, down from -295,010,688.30 CNY in the previous period, reflecting a reduction in cash outflows related to financing[142]. - The cash and cash equivalents at the end of the period totaled 4,882,404,565.75 CNY, a decrease from 4,999,971,480.33 CNY at the end of the previous period[142]. Assets and Liabilities - The total current assets as of June 30, 2023, amounted to CNY 6,490,966,334.20, a slight decrease from CNY 6,631,427,026.84 at the beginning of the year[6]. - The company’s total assets were reported at ¥14,459,500,488.76, with net assets of ¥11,105,568,335.49[53]. - The total assets as of June 30, 2023, amounted to ¥15,352,936,547.15, a slight decrease from ¥15,440,134,599.49 at the beginning of the year[157]. - The total liabilities as of June 30, 2023, were ¥3,441,960,231.58, down from ¥3,510,804,208.41[158]. - The total current liabilities decreased to ¥770,544,034.25 from ¥835,346,227.73[158]. - The total liabilities decreased slightly to CNY 101,837,094.94 from CNY 104,036,012.02, a decline of 2.1%[126]. Shareholder Information - The company reported a total of 225,780,299 shares held by Hebei Iron and Steel Group Co., Ltd., making it the largest shareholder[144]. - The largest shareholder, Hebei Iron and Steel Group Co., Ltd., holds 34.59% of the shares, totaling 225,780,299 shares[160]. - The second largest shareholder, Lin Lina, holds 26,312,878 shares[144]. - The second-largest shareholder, Lin Lina, holds 4.03% of the shares, totaling 8,000 shares, which are frozen[160]. - The total number of ordinary shareholders at the end of the reporting period was 29,493[160]. Operational Highlights - The company aims to achieve higher shipping volumes in the second half of the year despite challenges from natural disasters and power shortages[37]. - The company has established strong supply relationships with downstream vermiculite customers, exporting to Europe and Asia[13]. - The company plans to maintain its focus on the South African copper wire market, leveraging its competitive advantages[11]. - The company has established a comprehensive risk management plan focusing on cost control and performance assessment[78]. Financial Management - The company has not engaged in any significant related party transactions that would impact profits by more than 10% during the reporting period[114]. - The company has no major environmental penalties or issues reported during the period[81]. - The company did not engage in any asset or equity acquisitions or sales during the reporting period[67]. - The company has maintained a stable shareholding structure, with 96.20% of shares being unrestricted[119]. - The financial statements are prepared based on the going concern assumption, following the relevant accounting standards and regulations[200].