Financial Performance - The company's operating revenue for the first quarter was CNY 122.52 billion, a decrease of 4.08% compared to the same period last year[5]. - Net profit attributable to shareholders was CNY 1.71 billion, down 2.29% year-on-year, while the net profit excluding non-recurring gains and losses increased by 6.47% to CNY 1.81 billion[5]. - Total operating revenue for Q1 2024 was CNY 122.52 billion, a decrease of 4.8% compared to CNY 127.73 billion in Q1 2023[33]. - Total operating costs for Q1 2024 were CNY 120.37 billion, down 4.5% from CNY 125.95 billion in Q1 2023[33]. - Net profit for Q1 2024 reached CNY 1.80 billion, representing a slight increase of 2.0% from CNY 1.76 billion in Q1 2023[37]. - The company reported a total comprehensive income of CNY 4.67 billion for Q1 2024, an increase of 34.4% compared to CNY 3.47 billion in Q1 2023[39]. - Basic earnings per share for Q1 2024 were CNY 0.50, slightly down from CNY 0.51 in Q1 2023[39]. Cash Flow - The net cash flow from operating activities decreased significantly by 51.54%, amounting to -CNY 6.07 billion, primarily due to an increase in inventory and prepaid accounts[11]. - Cash inflow from operating activities for Q1 2024 was approximately ¥146.95 billion, a slight decrease from ¥147.66 billion in Q1 2023, representing a decline of 0.48%[42]. - Cash outflow from operating activities for Q1 2024 totaled approximately ¥153.02 billion, compared to ¥151.66 billion in Q1 2023, indicating an increase of 0.89%[44]. - Net cash flow from operating activities for Q1 2024 was negative at approximately -¥6.07 billion, worsening from -¥4.00 billion in Q1 2023[44]. - Total cash flow for Q1 2024 was negative at approximately -¥5.67 billion, compared to -¥1.36 billion in Q1 2023, indicating a worsening cash position[46]. - The net increase in cash and cash equivalents for Q1 2024 was -5,727,186,079, compared to an increase of 360,324,429 in Q1 2023[47]. Assets and Liabilities - Total assets at the end of the reporting period reached CNY 194.84 billion, reflecting a year-on-year increase of 15.87%[6]. - Current assets increased to ¥124,974,313,791 as of March 31, 2024, up from ¥102,015,812,251 as of December 31, 2023, representing a growth of approximately 22.4%[23]. - Non-current assets totaled ¥69,861,081,192 as of March 31, 2024, compared to ¥66,135,093,177 as of December 31, 2023, indicating an increase of about 4.1%[24]. - Total liabilities increased to ¥113,431,649,901 as of March 31, 2024, from ¥91,402,239,741 as of December 31, 2023, representing a growth of approximately 24.2%[28]. - Current liabilities rose to ¥91,484,292,168 as of March 31, 2024, compared to ¥70,296,030,842 as of December 31, 2023, marking an increase of around 30.2%[26]. - The company’s total liabilities to total assets ratio increased to approximately 58.3% as of March 31, 2024, compared to 54.3% as of December 31, 2023, indicating a higher leverage position[30]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 123,374[11]. - Jiangxi Copper Group Co., Ltd. held 43.72% of the shares, making it the largest shareholder[11]. - The top 10 shareholders include major institutional investors such as China Construction Bank and China Merchants Bank, with significant holdings in A shares[15]. - The company has a diverse shareholder base, with significant participation from various investment funds and banks[15]. Research and Development - Research and development expenses increased significantly to CNY 272.21 million in Q1 2024, up 70.0% from CNY 159.88 million in Q1 2023[33]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[39]. Financial Ratios and Returns - The weighted average return on net assets increased by 0.13 percentage points to 2.46%[5]. - Shareholders' equity attributable to shareholders was CNY 71.97 billion, up 6.75% from the previous year[6]. - The company’s total equity attributable to shareholders reached ¥71,969,826,383 as of March 31, 2024, compared to ¥67,422,048,424 as of December 31, 2023, indicating a growth of approximately 6.5%[30].
江西铜业股份(00358) - 2024 Q1 - 季度业绩