Baosteel(SH:600019)2016-04-27 16:00Financial Performance - The company's revenue for the reporting period was 35.273 billion RMB, a decrease of 14.77% year-on-year[7]. - The net profit attributable to shareholders was 1.529 billion RMB, a slight decrease of 1.20% compared to the same period last year[7]. - The total profit amounted to 2.18 billion RMB, with a quarter-on-quarter increase of 32.8 billion RMB[8]. - The consolidated profit for the quarter reached 2.18 billion RMB, representing a 299% increase compared to Q4 2015, and remained stable compared to the same period last year[12]. - Total revenue for Q1 2016 was CNY 35,342,212,342.10, a decrease of 14.5% compared to CNY 41,473,161,551.79 in the same period last year[32]. - Net profit for Q1 2016 was CNY 1,538,330,133.29, down from CNY 1,636,725,627.53 in Q1 2015, representing a decline of 6.0%[33]. - Operating profit for Q1 2016 was CNY 2,187,901,650.46, slightly up from CNY 2,179,968,740.15 in the previous year, indicating a marginal growth of 0.8%[33]. - The total comprehensive income for Q1 2016 was CNY 1,654,323,471.07, compared to CNY 1,596,129,903.86 in the previous year, reflecting an increase of 3.6%[33]. Cash Flow and Liquidity - The company achieved a net cash inflow from operating activities of 7.401 billion RMB, an increase of 45.74% year-on-year[6]. - Cash flow from operating activities in Q1 2016 was 7.4 billion RMB, an increase of 45.7% year-over-year, with net profit contributing 1.54 billion RMB[14]. - The company reported a net cash inflow of 5.22 billion RMB in Q1 2016, significantly up from 1.19 billion RMB in the same period last year, marking an increase of 40.3 billion RMB[14]. - The company's cash and cash equivalents increased to CNY 13.33 billion from CNY 7.82 billion, reflecting a growth of approximately 70.0%[27]. - The cash and cash equivalents at the end of the period amounted to ¥14,327,826,406.58, an increase from ¥12,480,304,095.12 in the previous period, representing a rise of approximately 14.8%[37]. - The company's cash flow management strategies are under review, with a focus on improving operational efficiency in the upcoming quarters[35]. Assets and Liabilities - Total assets at the end of the reporting period were 261.943 billion RMB, representing an increase of 11.88% compared to the end of the previous year[7]. - Current assets reached CNY 96.44 billion, up from CNY 69.90 billion at the start of the year, indicating a significant increase of about 38.0%[27]. - Total liabilities rose to CNY 138.24 billion from CNY 111.98 billion, marking an increase of about 23.5%[28]. - The company's total equity as of March 31, 2016, was CNY 123.70 billion, compared to CNY 122.15 billion at the beginning of the year, showing a slight increase of about 1.3%[28]. - The company's total liabilities increased to CNY 82,794,862,007.38 from CNY 65,053,861,496.08 at the beginning of the year, marking a rise of 27.3%[30]. - The total equity of the company rose to CNY 111,192,834,321.71 from CNY 109,668,414,546.52, an increase of 1.4%[30]. Investment Activities - Total cash outflow from investment activities was 22.48 billion RMB, a 203.4% increase compared to the same period last year, primarily due to low-risk capital operations[17]. - Cash inflow from investment activities totaled ¥5,921,743,068.05, significantly higher than ¥1,220,864,407.75 in the prior period, marking an increase of about 385.5%[36]. - The net cash flow from investment activities was negative at -¥22,482,781,741.37, worsening from -¥7,409,741,964.96 previously[36]. - The cash outflow for investment activities surged to ¥28,404,524,809.42, compared to ¥8,630,606,372.71 previously, reflecting an increase of approximately 229.5%[36]. Market and Operational Highlights - The steel manufacturing segment reported a gross margin of 13.5%, up 1.1 percentage points year-on-year[10]. - The company successfully exported two self-developed high-alloy special oil casing products to the African market[8]. - The company maintained a stable performance in the face of a complex macroeconomic environment, leveraging market opportunities and internal efficiency measures[12]. - The company plans to enhance its market expansion efforts and invest in new technologies to drive future growth[35]. - The company received the "Quality Excellence Award" from GAC Toyota, highlighting its commitment to quality[8]. Shareholder Information - The total number of shareholders at the end of the reporting period was 306,477[10].