RIZHAO PORT(SH:600017)2014-04-16 16:00Financial Performance - Net profit attributable to shareholders decreased by 5.45% to CNY 172.25 million year-on-year[11] - Operating revenue for Q1 2014 was CNY 1.33 billion, a growth of 3.23% compared to the same period last year[11] - Basic earnings per share remained unchanged at CNY 0.06[11] - Net profit for the first quarter was CNY 212,329,975.47, compared to CNY 185,367,607.46 in the previous year, reflecting an increase of approximately 14.6%[35] - Operating revenue for Q1 2014 was CNY 1,018,824,705.94, a decrease of 12.2% compared to CNY 1,160,973,804.86 in the same period last year[38] - Net profit for Q1 2014 was CNY 138,616,023.61, down 21.1% from CNY 175,701,242.59 in Q1 2013[38] - Operating profit decreased to CNY 166,445,965.33, a decline of 24% from CNY 218,790,374.11 year-over-year[38] Assets and Liabilities - Total assets increased by 9.06% to CNY 17.33 billion compared to the end of the previous year[11] - The total liabilities increased to CNY 6,655,689,192.94 from CNY 5,483,405,354.99, marking an increase of about 21.4%[31] - Current liabilities decreased to CNY 2,494,804,856.70 from CNY 2,826,839,050.52, a reduction of approximately 11.8%[31] - Long-term borrowings rose significantly to CNY 2,509,827,536.05 from CNY 1,981,517,779.89, an increase of about 26.7%[31] - Total current assets rose to RMB 3.48 billion, up from RMB 2.39 billion, indicating a year-on-year increase of about 45.5%[27] - Long-term equity investments increased to RMB 348.46 million from RMB 303.17 million, reflecting a growth of approximately 14.9%[27] Cash Flow - Cash flow from operating activities decreased by 30.86% to CNY 106.90 million year-on-year[11] - Cash flow from operating activities generated a net amount of CNY 106,903,955.72, down 30.8% from CNY 154,608,773.71 in the previous year[40] - Cash flow from financing activities showed a net increase of CNY 1,367,587,937.26, significantly up from CNY 161,481,612.65 in the same period last year[42] - The company reported a decrease in investment activities, with a net cash outflow of CNY 587,277,759.70 compared to CNY 104,889,457.07 in the previous year[40] - The company’s cash and cash equivalents increased to RMB 1.69 billion from RMB 798.93 million year-on-year, representing a growth of approximately 111%[27] - Total cash and cash equivalents at the end of Q1 2014 increased to CNY 1,686,146,832.74, compared to CNY 1,079,716,508.94 at the end of Q1 2013, reflecting a growth of 56.1%[42] Shareholder Information - The total number of shareholders reached 126,625, with the largest shareholder holding 41.09% of the shares[14] - The equity attributable to shareholders increased to CNY 9,652,448,522.23 from CNY 9,470,308,878.94, reflecting a growth of about 1.9%[31] Corporate Actions - The company issued CNY 1 billion in corporate bonds during the reporting period, contributing to an increase in cash and cash equivalents[20] - The company issued a total of RMB 1 billion in corporate bonds with a coupon rate of 6.15% and a three-year term, completed on March 5, 2014[22] - The company established a joint venture with Shandong Steel Group and Shandong State-owned Assets Investment Holding Company, contributing RMB 45 million for a 45% stake[22] - The company plans to borrow RMB 400 million of idle raised funds to supplement working capital, ensuring it does not exceed 50% of the net raised funds[24] Operational Highlights - The company achieved a cargo throughput of 63.28 million tons, an increase of 2.2% year-on-year[17] - The throughput of coal and products decreased by 2% to 8.78 million tons, while steel throughput increased by 18.26% to 1.86 million tons[17] - The company’s management indicated a focus on improving operational efficiency and exploring new market opportunities in the upcoming quarters[39] - The company plans to continue investing in infrastructure and technology to enhance service capabilities and expand market reach[39]