ZCE(600121)2017-04-28 16:00Financial Performance - Operating revenue decreased by 23.60% to CNY 1,457,233,143.04 compared to the same period last year[7] - Net profit attributable to shareholders was CNY 227,451,144.31, a significant recovery from a loss of CNY 120,994,119.59 in the previous year[7] - Basic earnings per share improved to CNY 0.2240 from a loss of CNY 0.1192[7] - The company's retained earnings grew by 61.23% to ¥598,916,940.90, attributed to increased profits from coal business[15] - The company forecasts significant growth in net profit for the year compared to the same period last year due to rising coal prices[16] - Operating profit for Q1 2017 was ¥326,396,575.78, compared to a loss of ¥123,977,583.24 in the previous year[28] - Net profit for Q1 2017 reached ¥294,487,297.52, a significant recovery from a net loss of ¥128,494,188.86 in the same quarter last year[28] - The net profit attributable to shareholders of the parent company was ¥227,451,144.31, compared to a loss of ¥120,994,119.59 in the previous year[28] - The net profit for the current period was ¥132,283,391.70, up 9.3% from ¥120,585,571.01 in the previous period[32] Assets and Liabilities - Total assets increased by 3.63% to CNY 11,076,458,994 compared to the end of the previous year[7] - Net assets attributable to shareholders rose by 8.82% to CNY 3,079,818,761.74[7] - Total assets at the end of the reporting period were ¥9,039,650,208.28, an increase from ¥8,459,488,021.99 at the beginning of the year[26] - Total liabilities increased to ¥6,699,918,949.51 from ¥6,242,064,488.74 at the beginning of the year[26] - Current assets totaled ¥4,561,606,638.76, up from ¥3,965,222,563.88 at the start of the year, reflecting a growth of 15%[26] Cash Flow - Cash flow from operating activities turned positive at CNY 16,344,101.77, compared to a negative cash flow of CNY -198,225,932.80 in the previous year[7] - The net cash flow from operating activities improved by 108.25% to ¥16,344,101.77, driven by higher coal prices and cost reductions[13] - Cash flow from operating activities showed a net increase of ¥16,344,101.77, a recovery from a net outflow of ¥198,225,932.80 in the previous period[34] - Total cash inflow from operating activities reached CNY 925,813,563.95, compared to CNY 509,408,543.80 in Q1 2016, marking an increase of approximately 81.8%[37] - Cash outflow from operating activities decreased to CNY 587,850,081.93 from CNY 659,837,250.98, a reduction of about 10.9%[37] Shareholder Information - The total number of shareholders reached 56,940[10] - The largest shareholder, Zhengzhou Coal Industry Group, holds 63.83% of the shares, with 321,960,000 shares pledged[11] - The company is currently monitoring potential changes in shareholding and control related to its major shareholder, Zheng Coal Group[14] Government Subsidies and Expenses - The company received government subsidies of CNY 18,703,290.59 related to industrial restructuring[8] - Tax expenses increased by 64.93% to ¥41,964,282.40 primarily due to rising coal prices[13] - Non-operating income surged by 466.01% to ¥18,868,031.93, mainly from government subsidies for industrial restructuring[13] - Income tax expenses rose dramatically by 2143.88% to ¥45,988,299.55, reflecting increased profits[13] Operating Costs - The company's operating costs decreased by 50.34% to ¥895,592,764.04 due to enhanced cost control measures and a reduction in revenue from material circulation business[13] - Total operating costs for Q1 2017 were ¥1,130,836,567.26, down 44.3% from ¥2,031,415,700.80 year-on-year[28] - Sales expenses of ¥16,965,238.98, slightly up from ¥16,701,702.63, indicating a marginal increase of 1.6%[32] - Management expenses rose to ¥53,460,137 from ¥50,287,985.15, marking an increase of 4.3%[32] - Financial expenses increased to ¥59,615,720.67 from ¥53,894,535.56, representing an increase of 10.2%[32]