MINLIST(SH:600058)2017-04-28 16:00Financial Performance - Operating revenue surged by 68.84% to CNY 11,174,513,283.48 year-on-year[6] - Net profit attributable to shareholders decreased by 94.27% to CNY 9,259,723.26 compared to the same period last year[6] - Basic earnings per share dropped by 94.29% to CNY 0.0086 from CNY 0.1507 year-on-year[6] - The company's net profit after deducting non-recurring gains and losses was CNY -7,915,268.39, indicating a continued loss[6] - Net profit for Q1 2017 was 5,856,235.38 RMB, a significant decrease from 157,764,312.53 RMB in the same period last year, indicating a decline of about 96.3%[32] - The total comprehensive income for Q1 2017 was 5,836,235.38 RMB, down from 157,040,591.27 RMB in the previous year, indicating a decline of about 96.3%[33] - The company reported a total profit of 19,179,498.58 RMB for Q1 2017, compared to 154,731,863.76 RMB in the same period last year, indicating a decline of approximately 87.6%[32] Cash Flow and Liquidity - Net cash flow from operating activities was negative at CNY -1,161,571,817.56, compared to CNY -800,598,403.92 in the previous year[6] - Cash and cash equivalents decreased by 34.51% to CNY 2,212,555,625.89 from CNY 3,378,250,119.89, attributed to cash payments for procurement and supplier repayments[14] - The net cash flow from operating activities was -1,161,571,817.56 CNY, compared to -800,598,403.92 CNY in the previous period, indicating a decline in operational cash generation[37] - Cash inflow from operating activities totaled 15,261,650,238.27 CNY, while cash outflow was 16,423,222,055.83 CNY, resulting in a negative cash flow from operations[37] - The company received 1,439,199,468.24 CNY in cash related to operating activities, down from 2,182,672,641.56 CNY in the previous period, indicating reduced operational cash inflows[37] Assets and Liabilities - Total assets increased by 5.46% to CNY 26,454,645,972.78 compared to the end of the previous year[6] - Total liabilities increased to CNY 21,296,031,305.09 from CNY 19,902,425,134.07, reflecting a rise of approximately 7%[24] - The total current liabilities increased to CNY 20,938,282,758.96 from CNY 19,498,486,255.86, reflecting a growth of approximately 7.4%[24] - The total number of shareholders reached 78,504 at the end of the reporting period[10] - China Minmetals Corporation held 62.56% of the shares, totaling 670,604,922 shares[10] Operational Costs and Expenses - The company's total operating costs for Q1 2017 were 11,496,460,379.85 RMB, compared to 6,645,061,252.19 RMB in the previous year, reflecting an increase of approximately 73.5%[32] - The company incurred sales expenses of 81,830,385.58 RMB in Q1 2017, compared to 71,275,834.39 RMB in the previous year, an increase of approximately 14.5%[32] - The financial expenses for Q1 2017 were 96,367,001.08 RMB, a decrease from 171,183,207.90 RMB in the previous year, reflecting a reduction of about 43.7%[32] Investment and Growth - The company reported an investment income of CNY 322,003,834.59, a 106.90% increase from CNY 155,629,687.56 in the previous year[14] - The company has plans for market expansion and new product development, focusing on enhancing its competitive edge in the industry[31] - The company is actively exploring potential mergers and acquisitions to strengthen its market position and diversify its portfolio[31] Industry Outlook - The company anticipates a decline in cumulative net profit for the first half of the year compared to the previous year, primarily due to the exclusion of a subsidiary from the consolidated financial statements[19] - The company expects the industry environment to remain challenging in the first half of the year, impacting financial performance[19]