CSN(SH:600029)2017-04-28 16:00Financial Performance - Operating revenue for the period was RMB 30,969 million, representing a year-on-year increase of 10.58%[6] - Net profit attributable to shareholders of the listed company was RMB 1,550 million, a decrease of 42.44% compared to the same period last year[6] - Basic earnings per share decreased by 40.74% to RMB 0.16[6] - Operating profit decreased by 48.03% to RMB 1,843 million from RMB 3,546 million in the previous period, mainly due to rising oil prices[15] - Net profit for Q1 2017 was 1,840 million RMB, a decrease of 39.3% from 3,035 million RMB in the previous year[28] - Total comprehensive income for Q1 2017 was RMB 1,134 million, a decrease of 46.6% from RMB 2,123 million in Q1 2016[31] Assets and Liabilities - Total assets at the end of the reporting period reached RMB 202,131 million, an increase of 0.83% compared to the end of the previous year[6] - The company's total liabilities decreased by 41.00% in cash paid for debt repayment, amounting to RMB 13,102 million compared to RMB 22,207 million in the previous period[18] - The company's total assets as of March 31, 2017, amounted to 202,131 million RMB, compared to 200,461 million RMB at the beginning of the year[21] - Total liabilities were reported at 145,464 million RMB, slightly down from 145,753 million RMB at the start of the year[21] - The company reported a significant increase in short-term borrowings, rising to 11,984 million RMB from 4,195 million RMB, indicating a shift in financing strategy[21] Cash Flow - Net cash flow from operating activities was RMB 2,857 million, down 41.41% year-on-year[6] - Cash received from operating activities increased by 40.61% to RMB 412 million from RMB 293 million, primarily due to an increase in VAT refunds received during the reporting period[18] - Operating cash flow for Q1 2017 was RMB 2,857 million, down 41.4% from RMB 4,876 million in Q1 2016[35] - Net cash flow from operating activities decreased to $2,032 million, down from $4,182 million, a decline of 51.4%[39] - The company reported a total cash outflow from operating activities of $20,559 million, up from $16,169 million, an increase of 27.5%[39] Shareholder Information - Net assets attributable to shareholders of the listed company amounted to RMB 44,745 million, reflecting a growth of 3.62% year-on-year[6] - The total number of shareholders at the end of the reporting period was 280,152[10] - The largest shareholder, China Southern Airlines Group Company, held 4,039,228,665 shares, accounting for 41.14% of total shares[10] Other Financial Metrics - The weighted average return on net assets fell by 3.12 percentage points to 3.53%[6] - Non-operating income included RMB 182 million from the disposal of non-current assets and RMB 99 million from other non-operating income[7] - The company's income tax payable increased by 39.04% to RMB 1,250 million from RMB 899 million, mainly due to accrued corporate income tax not yet paid during the reporting period[14] - The company's inventory increased to 1,156 million RMB from 1,036 million RMB, reflecting a year-over-year growth of 11.6%[24] - Investment income for Q1 2017 was RMB 220 million, a decrease from RMB 268 million in the same period last year[30]