HDPI(SH:600027)2017-04-28 16:00Financial Performance - Operating revenue increased by 13.38% to RMB 19,109,043,000 year-on-year[6] - Net profit attributable to shareholders decreased by 99.35% to RMB 11,836,000 compared to the same period last year[6] - Investment income increased by 52.94% to RMB 167,000,000 year-on-year, attributed to profits from coal enterprises in which the company holds stakes[13] - Total operating revenue for Q1 2017 was RMB 19,109,043 thousand, an increase of 13.9% compared to RMB 16,854,380 thousand in the same period last year[26] - Net profit for Q1 2017 was RMB 82,824 thousand, a significant decrease of 96.6% from RMB 2,436,614 thousand in Q1 2016[26] - Basic earnings per share for Q1 2017 were RMB 0.001, down from RMB 0.184 in Q1 2016[26] - Operating profit showed a loss of RMB 261,904 thousand, compared to a profit of RMB 586,089 thousand in the previous period, indicating a significant decline[28] - Net profit for the current period was a loss of RMB 259,811 thousand, down from a profit of RMB 587,617 thousand in the previous period[28] - Investment income decreased to RMB 195,284 thousand from RMB 600,900 thousand in the previous period, reflecting a decline in returns[28] Assets and Liabilities - Total assets decreased by 2.21% to RMB 205,467,768,000 compared to the end of the previous year[6] - The company's total assets as of March 31, 2017, were RMB 205,467,768 thousand, down from RMB 210,111,953 thousand at the beginning of the year[20] - Current liabilities totaled RMB 67,556,559 thousand, a decrease of 8.5% from RMB 74,154,430 thousand at the beginning of the year[20] - Short-term borrowings increased by 86.97% to RMB 269,360,000,000 compared to the beginning of the year[14] - Long-term borrowings increased to RMB 62,318,787 thousand, up from RMB 59,694,089 thousand at the beginning of the year[20] Cash Flow - Cash flow from operating activities decreased by 65.33% to RMB 2,302,424,000 year-on-year[6] - Cash flow from operating activities generated RMB 2,302,424 thousand, a decrease of 65.3% from RMB 6,641,125 thousand in the previous period[31] - Cash flow from investing activities resulted in a net outflow of RMB 2,245,537 thousand, improving from a net outflow of RMB 3,058,757 thousand in the previous period[31] - Cash flow from financing activities showed a net outflow of RMB 1,220,582 thousand, compared to a net outflow of RMB 3,427,255 thousand in the previous period[32] - The total cash and cash equivalents at the end of the period decreased to RMB 5,194,923 thousand from RMB 9,393,193 thousand in the previous period[32] - The company's cash and cash equivalents decreased to RMB 5,295,014 thousand from RMB 6,463,739 thousand at the beginning of the year[20] - The company reported an increase in cash received from sales of goods and services to RMB 21,954,549 thousand, up from RMB 19,225,357 thousand in the previous period[31] Cost and Expenses - The company's gross profit margin was significantly impacted by a 47.17% increase in operating costs due to rising coal prices[13] - Total operating costs for Q1 2017 were RMB 19,114,306 thousand, up 39.0% from RMB 13,747,653 thousand in Q1 2016[26] - The company’s management expenses decreased to RMB 82,087 thousand from RMB 105,128 thousand in the previous period, indicating cost control efforts[28] Shareholder Information - The company reported a total of 150,814 shareholders at the end of the reporting period[10] - The total equity attributable to shareholders of the parent company was RMB 42,634,171 thousand, slightly up from RMB 42,619,387 thousand at the beginning of the year[20] Future Outlook - The company expects a cumulative net profit decline of over 50% compared to the same period last year due to high coal prices[16] - The weighted average return on equity decreased by 4.18 percentage points to 0.03%[6]