XSS(SH:600117)2018-04-27 16:00Financial Performance - Operating revenue rose by 42.53% to CNY 1.66 billion year-on-year[6] - Net profit attributable to shareholders increased by 3.88% to CNY 11.25 million compared to the same period last year[6] - The company's net profit for Q1 2018 was CNY 13,407,284.95, representing a 58.35% increase compared to the previous year[11] - Net profit for Q1 2018 reached ¥13,407,284.95, compared to ¥8,466,800.07 in Q1 2017, representing a growth of 58.5%[19] - The company reported non-recurring gains of CNY 3.17 million during the period[8] - Basic earnings per share remained stable at CNY 0.01[6] - The company reported basic and diluted earnings per share of ¥0.01 for Q1 2018, unchanged from the previous year[20] Assets and Liabilities - Total assets increased by 0.66% to CNY 24.45 billion compared to the end of the previous year[6] - The total assets as of March 31, 2018, were CNY 24,447,658,397.37, compared to CNY 24,287,338,902.40 at the beginning of the year[14] - The company's total liabilities increased to CNY 20,728,870,836.35 from CNY 20,581,912,995.17 at the start of the year[15] - The company's total assets as of March 31, 2018, amounted to ¥20,190,339,783.08, an increase from ¥19,837,864,921.08 at the beginning of the year[18] - Total liabilities increased to ¥17,806,438,196.73 from ¥17,455,206,503.30, marking a rise of 2.0%[18] Cash Flow - Net cash flow from operating activities decreased significantly by 444.68% to -CNY 248.82 million[6] - The net cash flow from operating activities decreased by 444.68% to CNY -248,816,659.18, primarily due to a reduction in cash received from sales[11] - Cash flow from financing activities showed a significant increase of 332.11%, reaching CNY 269,651,131.09, mainly due to increased borrowings[11] - Cash flow from operating activities showed a net outflow of ¥248,816,659.18, worsening from a net outflow of ¥45,681,240.15 in the previous year[25] - The net cash flow from operating activities was -238,200,295.82 RMB, compared to -113,885,246.97 RMB in the previous period, indicating a decline in operational cash flow[28] - Total cash inflow from financing activities was 3,790,273,315.57 RMB, down from 6,090,739,646.10 RMB year-over-year[28] Inventory and Receivables - Accounts receivable increased by 44.04% to CNY 717.11 million due to changes in settlement cycles[10] - The company's inventory stood at CNY 3,035,094,276.60, slightly up from CNY 3,010,057,055.29 at the beginning of the year[13] - Accounts receivable rose significantly to ¥362,646,667.85 from ¥141,622,864.98, reflecting a growth of 156.5%[18] - Inventory levels decreased slightly to ¥1,347,041,140.34 from ¥1,398,489,768.82, a reduction of 3.7%[18] Operating Costs and Expenses - Operating costs amounted to CNY 1,366,787,480.43, an increase of 58.17% year-on-year due to higher prices and sales volume of steel[11] - Total operating costs for Q1 2018 were ¥1,645,645,240.01, up from ¥1,154,114,353.47, reflecting a year-over-year increase of 42.5%[19] - The company incurred financial expenses of ¥136,052,403.81, up from ¥105,201,670.11 in the previous year, indicating a rise of 29.3%[22] - Sales expenses increased to ¥36,877,905.10 from ¥29,205,765.21, reflecting a rise of 26.4% year-over-year[22] Tax and Other Income - The company's tax expenses decreased by 73.13% to CNY 693,783.13, reflecting a reduction in taxable income[11] - The company reported other income of ¥2,332,732.65, with no comparable figure from the previous year[22]