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*ST西钢(600117) - 2014 Q1 - 季度财报
XSSXSS(SH:600117)2014-04-25 16:00

Financial Performance - Net profit attributable to shareholders decreased by 298.10% to a loss of CNY 87 million compared to the same period last year[12]. - Operating revenue decreased by 21.46% to CNY 1.33 billion compared to the same period last year[12]. - The company reported a significant decrease in net profit and revenue, indicating potential challenges in the market[12]. - The net profit for Q1 2014 was -82,225,078.15 RMB, a decrease of 259.36% compared to the same period in 2013[18]. - The total profit for Q1 2014 was -75,102,753.82 RMB, down 215.98% year-on-year due to decreased steel sales volume and prices[18]. - The net profit for the period was a loss of CNY 82,225,078.15, compared to a profit of CNY 51,595,624.78 in the same period last year[32]. - The company expects a significant decline in cumulative net profit for the next reporting period, mainly due to continued low demand in the steel market and low prices for key products[19]. Assets and Liabilities - Total assets increased by 4.77% to CNY 18.23 billion compared to the end of the previous year[12]. - The company’s total assets as of March 31, 2014, were 18,232,989,764.67 RMB, an increase from 17,402,153,474.21 RMB at the beginning of the year[24]. - The total liabilities increased to CNY 14,729,567,717.16 from CNY 13,816,875,203.37, representing a growth of 6.6%[29]. - The company’s long-term liabilities remained stable at 276,961,538.46 RMB, reflecting new financing lease business[18]. - Long-term borrowings increased to CNY 395,000,000.00 from CNY 345,000,000.00, reflecting a rise of 14.5%[29]. - The total equity attributable to shareholders decreased to CNY 2,728,712,419.78 from CNY 2,815,345,023.43, a decline of 3.1%[29]. Cash Flow - Net cash flow from operating activities was negative at CNY -27.27 million[12]. - Cash flow from operating activities for Q1 2014 was -27,268,660.73 RMB, a decrease of 3,350.40% compared to the previous year[19]. - The company’s cash flow from investment activities was -243,391,750.10 RMB, an increase of 45.64% compared to the previous year, indicating higher cash input in engineering projects[19]. - Cash inflow from financing activities was ¥2,037,174,170.44, slightly down from ¥2,155,000,000.00, a decrease of about 5.5%[39]. - Cash outflow for financing activities decreased to ¥1,714,985,894.82 from ¥1,787,103,590.20, a reduction of approximately 4.0%[39]. - Net cash flow from financing activities was ¥322,188,275.62, down from ¥367,896,409.80, a decline of about 12.4%[39]. - The company reported a net increase in cash and cash equivalents of ¥51,527,864.79, down from ¥199,987,788.48, a decrease of approximately 74.2%[39]. Shareholder Information - The total number of shareholders at the end of the reporting period was not specified, but the top shareholder held 49.87% of shares[16]. - The top ten shareholders included state-owned entities and individuals, with the largest shareholder being Xining Special Steel Group Co., Ltd.[16]. Operational Efficiency - The company anticipates gradual improvement in efficiency in the second half of the year as new production lines reach full capacity[20]. - The company reported a 40.14% decrease in other business income, totaling 28,581,271.18 RMB, mainly due to reduced external power supply[18]. - Total operating costs amounted to CNY 1,404,235,178.93, down from CNY 1,630,934,157.81, reflecting a reduction of 13.9%[31].