MINLIST(SH:600058)2016-04-28 16:00Financial Performance - Net profit attributable to shareholders was CNY 161,589,585.23, a significant recovery from a loss of CNY 97,099,705.84 in the same period last year[7] - Operating revenue dropped by 59.60% to CNY 6,618,217,006.04 compared to CNY 16,380,367,752.01 in the previous year[7] - The weighted average return on equity increased to 3.1972% from -1.1301% year-on-year[7] - Basic and diluted earnings per share improved to CNY 0.1507 from a loss of CNY -0.0906 in the previous year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -13,490,608.63, an improvement from CNY -111,452,911.94 in the same period last year[7] - Operating revenue fell by 59.60% year-on-year, from CNY 16,380,367,752.01 to CNY 6,618,217,006.04, attributed to lower market prices and a reduction in business scale[14] - Operating profit for the current period is ¥129,826,096.33, compared to a loss of ¥211,321,067.12 in the previous period[28] - Net profit for the current period is ¥157,764,312.53, a significant recovery from a net loss of ¥227,829,921.86 in the previous period[29] - The total profit for the current period is ¥154,731,863.76, compared to a loss of ¥194,288,961.37 in the previous period[29] Cash Flow - The net cash flow from operating activities was negative at CNY -800,598,403.92, worsening from CNY -443,891,556.40 in the same period last year[7] - The company reported a net cash outflow from operating activities of CNY 800,598,403.92, an increase of 80.36% compared to the previous period[14] - Cash flow from operating activities shows a net outflow of ¥800,598,403.92, worsening from a net outflow of ¥443,891,556.40 in the previous period[34] - The company reported a decrease in total cash inflows from operating activities, totaling ¥10,275,794,392.27, compared to ¥20,804,380,811.68 in the previous period[34] - The net cash flow from investing activities was -¥203,792,600.00, compared to -¥32,600.00 in the previous year, showing a significant increase in cash outflow[38] - Cash inflow from financing activities was ¥3,572,745,078.60, while cash outflow was ¥3,406,420,348.92, resulting in a net cash flow of ¥166,324,729.68[38] Assets and Liabilities - Total assets decreased by 0.75% to CNY 32,410,371,842.44 compared to the end of the previous year[7] - Current liabilities totaled CNY 24,613,064,208.71, slightly down from CNY 24,726,599,569.55, indicating a decrease of about 0.46%[21] - Non-current liabilities decreased to CNY 2,480,727,976.90 from CNY 2,769,198,923.16, representing a reduction of approximately 10.43%[21] - The company's total equity increased to CNY 5,316,579,656.83 from CNY 5,158,799,869.90, marking an increase of about 3.06%[22] - The total liabilities decreased to CNY 27,093,792,185.61 from CNY 27,495,798,492.71, indicating a reduction of about 1.46%[21] - The company's retained earnings improved to CNY -1,094,415,750.03 from CNY -1,256,384,453.80, showing an improvement of approximately 12.91%[21] Shareholder Information - The total number of shareholders reached 87,018 by the end of the reporting period[10] - The largest shareholder, China Minmetals Corporation, held 62.56% of the shares[10] Investments and Subsidies - The company received government subsidies amounting to CNY 7,625,947.54, which are closely related to its normal business operations[7] - Long-term equity investments increased by 457.95% from CNY 81,159,794.52 to CNY 452,832,790.70 due to additional investment in a subsidiary[14] - The company reported a net cash outflow from investment activities of CNY 266,256,270.07, a 212.04% increase compared to the previous period due to additional investments in a subsidiary[14] Inventory and Prepayments - Inventory increased to CNY 4,795,744,301.01 from CNY 4,111,511,250.03, reflecting a growth of about 16.67%[20] - Prepayments increased by 31.73% from CNY 2,829,667,870.84 to CNY 3,727,653,097.68, indicating an increase in advance payments for goods and deposits[14] Future Outlook - The company expects a significant increase in cumulative net profit compared to the previous year due to improved industry conditions in the first half of the year[17] - The company plans to actively promote the restructuring of related assets in the black metal sector by 2022[16]