JZP(SH:600190)2014-04-29 16:00Financial Performance - Operating revenue for the first quarter was CNY 549,404,343.07, representing a significant increase of 77.90% year-on-year[10] - Net profit attributable to shareholders was CNY 69,650,434.21, marking a remarkable growth of 160.69% compared to the same period last year[10] - The company reported a net profit excluding non-recurring gains and losses of CNY 68,115,818.52, a year-on-year increase of 181.57%[10] - Operating profit surged by 144.93% to ¥96,726,203.98 attributed to increased throughput and reduced losses from joint ventures[17] - Net profit attributable to shareholders increased by 160.69% to ¥69,650,434.21 due to higher handling income and reduced losses from joint ventures[17] - Total operating revenue for the current period reached ¥549,404,343.07, a significant increase of 78.0% compared to ¥308,835,597.07 in the previous period[26] - Operating profit for the current period was ¥96,726,203.98, representing a 144.5% increase from ¥39,491,395.62 in the previous period[26] - Net profit for the current period was ¥73,937,079.87, an increase of 139.5% compared to ¥30,883,571.98 in the prior period[26] - The company’s total profit for the current period was ¥98,776,961.10, a substantial increase of 137.5% from ¥41,621,011.17 in the previous period[26] Cash Flow - The cash flow generated from operating activities amounted to CNY 76,571,187.14, an increase of 7.42% year-on-year[10] - Cash flow from operating activities generated a net amount of ¥76,571,187.14, compared to ¥71,285,255.39 in the prior period[30] - Net cash flow from operating activities decreased to $15.5 million from $53.1 million, a decline of about 70.9%[33] - Cash inflow from financing activities increased to $548.0 million from $447.0 million, marking a rise of about 22.6%[33] - Net cash flow from financing activities decreased to $20.0 million from $78.7 million, a decline of approximately 74.6%[33] - The ending cash and cash equivalents balance was $899.6 million, up from $175.5 million, indicating a substantial increase of approximately 412.5%[33] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 11,220,639,700.33, a 0.20% increase compared to the end of the previous year[10] - Total liabilities decreased from CNY 5,523,658,657.45 at the beginning of the year to CNY 5,470,691,524.11 by the end of the first quarter, a reduction of approximately 1%[21] - Current liabilities decreased from CNY 3,086,458,125.34 to CNY 2,801,244,983.59, representing a decline of about 9.2%[21] - Total assets decreased slightly from CNY 11,040,234,562.17 to CNY 11,006,627,346.54, a reduction of approximately 0.3%[24] - Long-term borrowings increased from CNY 1,975,877,500.00 to CNY 2,208,877,500.00, an increase of about 11.8%[24] - Total equity increased from CNY 5,674,726,023.48 to CNY 5,749,948,176.22, reflecting an increase of approximately 1.3%[21] Shareholder Information - The total number of shareholders reached 92,795, with 60,718 A-share shareholders and 32,077 B-share shareholders[14] - The top ten shareholders held a combined 66.17% of the shares, with the largest shareholder, Dongfang Group, owning 15.39%[15] Inventory and Accounts Receivable - Accounts receivable increased by 162.73% to ¥227,701,959.14 due to increased commercial credit to major customers[17] - Inventory increased by 46.38% to ¥39,595,881.43 due to the purchase of nickel ore products[17] - Inventory increased from CNY 15,068,542.82 to CNY 30,406,695.14, representing a growth of about 102.5%[23] - Accounts receivable increased significantly from CNY 68,619,922.63 to CNY 210,921,345.42, marking an increase of about 207.5%[23] Investments and Collaborations - The company signed a share transfer agreement with Dalian Port Group, transferring 3.92% of its total shares for ¥275,738,246.55[18] - The company is collaborating with Tibet Haihan Transportation Development Co., Ltd. to establish a coal processing and storage project at Jinzhou Port[18] - The company has committed to avoiding substantial competition with Dalian Port Group in the Jinzhou area[18] Financial Management - The company incurred financial expenses of ¥32,330,520.88, down from ¥41,500,638.10 in the prior period, indicating improved cost management[26] - The company reported an investment loss of ¥2,060,062.31, improved from a loss of ¥5,131,591.43 in the previous period[26]