XSS(SH:600117)2015-04-27 16:00Financial Performance - Revenue for the period was ¥1.17 billion, down 12.10% from ¥1.33 billion in the previous year[6] - Net loss attributable to shareholders was ¥78.71 million, an improvement from a loss of ¥88.33 million in the same period last year[6] - The weighted average return on net assets was -2.96%, an improvement from -3.14% in the previous year[6] - Basic and diluted earnings per share were both -¥0.11, compared to -¥0.12 in the previous year[6] - The company's minority shareholder profit decreased by 80.24% to ¥943,965.48, reflecting reduced profits from subsidiaries[11] - Total revenue for Q1 2015 was CNY 1,169,090,714.90, a decrease of 12.1% compared to CNY 1,330,078,896.01 in the same period last year[27] - The net loss for Q1 2015 was CNY 77,767,334.04, compared to a net loss of CNY 83,554,315.40 in Q1 2014, indicating an improvement[27] - Operating revenue for Q1 2015 was ¥868,635,281.85, a decrease of 18.6% compared to ¥1,067,563,529.92 in the same period last year[30] - Net profit for Q1 2015 was a loss of ¥64,139,132.35, improving from a loss of ¥97,004,085.41 in Q1 2014[30] Assets and Liabilities - Total assets at the end of the reporting period reached ¥23.32 billion, an increase of 2.81% compared to the end of the previous year[6] - Net assets attributable to shareholders decreased by 2.97% to ¥2.62 billion from the previous year[6] - Current liabilities totaled ¥15,117,790,601.09, up from ¥14,672,062,603.22, reflecting increased short-term borrowings[19] - The company's total liabilities reached CNY 13,762,851,317.03, compared to CNY 13,214,022,335.45 at the beginning of the year, marking a growth of 4.1%[23] - Current assets totaled CNY 3,405,512,056.63, up from CNY 2,954,253,043.12 at the start of the year, reflecting a growth of 15.2%[22] Cash Flow - Operating cash flow for the period was ¥32.07 million, a significant increase of 1,160.58% compared to the same period last year[6] - Net cash flow from operating activities improved significantly to ¥32,067,427.08 from a negative ¥3,023,565.47, a change of 1,160.58%[11] - Cash flow from operating activities generated a net amount of ¥32,067,427.08, compared to a negative cash flow of ¥3,023,565.47 in the previous year[32] - The company reported a significant increase in cash received from sales of goods and services, totaling ¥1,052,041,136.03, up from ¥771,622,297.89 in Q1 2014[32] Shareholder Information - The total number of shareholders at the end of the reporting period was 69,201[9] - The largest shareholder, Xining Special Steel Group Co., Ltd., held 49.87% of the shares, with 242.94 million shares pledged[9] Investments and Financing - The company is in the process of a non-public stock issuance, with over 60% of the planned investment amount expected to come from state-owned enterprises[12] - Total cash inflow from financing activities was ¥2,153,000,000.00, compared to ¥2,037,174,170.44 in the same period last year[33] - Cash paid for financing activities was $630,840,109.90, significantly higher than $50,827,855.93 in the previous year[36] Operational Efficiency - The company’s management indicated a focus on improving operational efficiency and reducing costs in future quarters[30] - The company anticipates a potential net loss for the year due to a significant decline in steel prices and high financial costs[13]