Financial Performance - The company's operating revenue for Q1 2024 was CNY 46,121,379,515.86, representing a year-on-year increase of 4.15%[3] - Net profit attributable to shareholders for the same period was CNY 2,071,690,611.96, showing a significant increase of 553.28% compared to the previous year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses reached CNY 2,091,340,863.16, with a remarkable increase of 3,082.87% year-on-year[3] - Basic and diluted earnings per share were both CNY 0.100, marking an increase of 566.67% year-on-year[3] - The company reported a net profit of CNY 3.53 billion for Q1 2024, significantly up from CNY 436.47 million in Q1 2023[16] - Net profit for Q1 2024 was approximately CNY 2.33 billion, compared to a net profit of CNY 273 million in Q1 2023, indicating a year-over-year increase of over 754%[17] - The company reported a total comprehensive income of approximately CNY 2.67 billion for Q1 2024, a significant recovery from a loss of CNY 1.14 billion in Q1 2023[17] - The company achieved a substantial increase in other comprehensive income, with a net amount of approximately CNY 340 million in Q1 2024, compared to a loss of CNY 1.41 billion in Q1 2023[17] Cash Flow and Assets - The net cash flow from operating activities was CNY 5,477,822,704.96, reflecting a growth of 17.98% compared to the same period last year[3] - Cash flow from operating activities for Q1 2024 was approximately CNY 5.48 billion, an increase from CNY 4.64 billion in Q1 2023, showing a growth of about 18%[18] - Cash inflow from investment activities in Q1 2024 totaled approximately CNY 2.33 billion, compared to CNY 896 million in Q1 2023, marking a significant increase[19] - Net cash outflow from investment activities for Q1 2024 was approximately CNY 2.95 billion, an improvement from a net outflow of CNY 5.17 billion in Q1 2023[19] - Cash flow from financing activities in Q1 2024 was approximately CNY 30.17 billion, down from CNY 32.56 billion in Q1 2023, indicating a decrease of about 7.35%[19] - The ending cash and cash equivalents balance for Q1 2024 was approximately CNY 26.52 billion, slightly down from CNY 26.65 billion in Q1 2023[19] - The company's total current assets increased to 87,970,212,943.47 RMB as of March 31, 2024, up from 83,647,583,348.66 RMB at the end of 2023[13] - Total monetary assets increased to 31,142,073,302.06 RMB, compared to 30,716,077,208.96 RMB at the end of the previous year[13] Production and Sales - Copper production reached 147,494 tons, with a year-on-year increase of 122.86%, while sales increased by 4,361.34% to 125,546 tons[9] - Cobalt production was 25,202 tons, showing a significant year-on-year increase of 392.23%, with sales rising by 2,386.88% to 24,277 tons[9] - The sales volume of refined metal products was 649,105 tons, with a year-on-year decrease of 18.69%[11] - The company reported a decrease in the sales volume of phosphate fertilizer by 18.05% to 229,109 tons[9] Shareholder Information - Total assets attributable to shareholders at the end of the reporting period were CNY 177,594,836,148.41, up 2.67% from the end of the previous year[3] - Shareholders' equity attributable to shareholders was CNY 61,976,352,450.81, representing a 4.09% increase from the previous year[3] - The total number of ordinary shareholders at the end of the reporting period was 209,582[6] - The top ten shareholders held a combined total of 1,153,000,000 shares, accounting for approximately 53.19% of the total shares[7] - The top ten unrestricted shareholders hold a total of 5,333,220,000 shares, representing 24.69% of the company's total shares[8] Operational Efficiency - The weighted average return on net assets increased by 2.84 percentage points to 3.46%[3] - The gross profit margin for copper mining and processing was 48.07%, while cobalt's gross profit margin was 36.61%[11] - Operating expenses decreased to CNY 42.70 billion in Q1 2024 from CNY 43.92 billion in Q1 2023, a reduction of 2.8%[16] - The company has implemented lean management practices, resulting in a decrease in overall costs compared to the previous year[12] Long-term Assets and Liabilities - Total assets increased to CNY 177.59 billion as of March 31, 2024, up from CNY 172.97 billion as of December 31, 2023, representing a growth of 2.9%[15] - Non-current assets totaled CNY 89.62 billion, slightly up from CNY 89.33 billion, indicating a 0.3% increase[15] - Current liabilities rose to CNY 53.56 billion, compared to CNY 48.98 billion, reflecting an increase of 9.5%[15] - Long-term borrowings decreased to CNY 18.02 billion from CNY 18.77 billion, a decline of 4.0%[15] - The retained earnings rose to CNY 26.05 billion, up from CNY 23.98 billion, indicating an increase of 8.7%[15] - Deferred tax assets increased to CNY 2.06 billion, up from CNY 1.67 billion, marking a growth of 23.6%[15] - The company’s goodwill increased slightly to CNY 430.89 million from CNY 430.14 million, a growth of 0.2%[15]
洛阳钼业(03993) - 2024 Q1 - 季度业绩