赤峰黄金(600988) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥1,853,842,113.41, representing a 16.83% increase compared to the same period last year[4] - Net profit attributable to shareholders was ¥200,507,242.93, showing a significant increase of 166.41% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥204,645,049.55, up by 55.80% from the previous year[4] - Basic and diluted earnings per share were both ¥0.12, reflecting a 140.00% increase compared to the same period last year[5] - The weighted average return on equity increased by 1.77 percentage points to 3.21%[5] - Net profit for Q1 2024 was ¥237,406,868.15, compared to ¥90,283,774.25 in Q1 2023, representing a significant increase of 163.5%[25] - Basic earnings per share for Q1 2024 were ¥0.12, up from ¥0.05 in Q1 2023, indicating a 140% increase[26] - The company reported a total comprehensive income of ¥239,902,117.38 for Q1 2024, compared to ¥6,055,416.52 in Q1 2023, indicating a substantial increase[26] Assets and Liabilities - Total assets at the end of the reporting period were ¥18,853,033,161.08, a slight increase of 0.72% from the end of the previous year[5] - The total liabilities as of Q1 2024 were ¥9,902,496,615.69, a decrease from ¥10,175,584,604.74 in the previous year[23] - The total equity attributable to shareholders increased to ¥6,355,350,995.53 in Q1 2024 from ¥6,151,990,120.67 in Q1 2023, reflecting a growth of 3.3%[23] - The total current assets as of March 31, 2024, amounted to RMB 5,051,285,944.68, compared to RMB 4,895,380,131.37 as of December 31, 2023[21] - The total assets reached RMB 18,853,033,161.08, compared to RMB 18,717,792,749.45 at the end of 2023[21] Cash Flow - The net cash flow from operating activities decreased by 16.35% to ¥387,683,907.25, attributed to reduced tax refunds and increased raw material and labor costs[7] - The cash flow from operating activities for Q1 2024 showed improvement, although specific figures were not detailed in the provided content[26] - In Q1 2024, the cash inflow from operating activities was CNY 2,021,538,748.88, an increase of 23.2% compared to CNY 1,640,838,340.37 in Q1 2023[27] - The net cash flow from operating activities decreased to CNY 387,683,907.25, down 16.3% from CNY 463,472,617.38 in the same period last year[27] - Cash inflow from financing activities totaled CNY 839,812,102.15, representing a 40.4% increase from CNY 598,408,821.20 in Q1 2023[28] - The net cash flow from financing activities was CNY 3,206,184.81, a decrease of 97.3% compared to CNY 118,744,345.15 in Q1 2023[28] - The cash and cash equivalents at the end of Q1 2024 amounted to CNY 1,323,922,668.28, up from CNY 1,193,406,833.83 at the end of Q1 2023, reflecting a growth of 10.9%[28] - The total cash outflow from investing activities was CNY 503,790,151.90, compared to CNY 440,494,934.50 in Q1 2023, indicating an increase of 14.4%[27] - The net cash flow from investing activities improved to -CNY 347,989,086.62, a reduction in outflow compared to -CNY 432,721,830.61 in the previous year[27] Production and Sales - The production of gold reached 3,586,121.06 grams, an increase of 9.03% year-over-year, while sales were 3,583,439.50 grams, up 1.18% year-over-year[13] - Electrolytic copper production was 1,259.06 tons, a 13.58% increase year-over-year, with sales at 1,286.71 tons, an 18.12% increase year-over-year[13] - The unit cost of gold production was RMB 300.51 per gram, with an all-in sustaining cost (AISC) of RMB 272.54 per gram[15] - The sales cost for domestic mines increased by 7.11% year-over-year, while the AISC rose by 21.57%[18] Shareholder Information - The top shareholder, Li Jinyang, holds 190,410,595 shares, accounting for 11.44% of total shares, with a portion pledged[8] - The company had a total of 98,413 common shareholders at the end of the reporting period[8] Research and Development - Research and development expenses in Q1 2024 amounted to ¥16,414,676.91, significantly higher than ¥4,056,392.35 in Q1 2023, marking an increase of 304.5%[25] - Financial expenses for Q1 2024 were ¥32,389,410.94, down from ¥65,792,581.30 in Q1 2023, a decrease of 50.8%[25] Inventory and Borrowings - The company reported a significant increase in inventory, totaling RMB 2,456,655,700.40, compared to RMB 2,406,909,238.08 in the previous period[21] - The short-term borrowings increased to RMB 1,015,177,493.39 from RMB 850,009,317.45[21] Strategic Focus - The company is focusing on expanding its market presence and enhancing production capabilities through ongoing technological advancements[19]