SLSVC(SH:600123)2017-04-11 16:00Financial Performance - Net profit attributable to shareholders rose by 246.65% to CNY 223.86 million year-on-year[6] - Operating revenue surged by 127.86% to CNY 1.72 billion compared to the same period last year[6] - Cash flow from operating activities improved significantly, reaching CNY 247.92 million, a 667.20% increase year-on-year[6] - The company's operating revenue reached CNY 1,719.15 million, a year-on-year increase of 127.86%, primarily due to rising prices of coal and urea products, along with increased coal sales and the commencement of production at the new materials subsidiary[14] - The company reported a significant increase in investment income, which rose to CNY 92.63 million, a 512.77% increase year-on-year, largely attributed to the performance of the joint venture Huaren Danning[14] - Net profit for Q1 2017 was ¥200,442,341.02, a turnaround from a net loss of ¥189,823,432.54 in Q1 2016[24] - The net profit attributable to the parent company was ¥223,859,827.32, compared to a loss of ¥152,648,232.47 in the previous year[24] - Net profit for Q1 2017 was ¥281,931,480.35, compared to a net loss of ¥75,455,649.29 in Q1 2016, marking a turnaround in profitability[25] - The total profit before tax was ¥356,607,993.34, compared to a loss before tax of ¥75,455,649.29 in the same quarter last year[25] Assets and Liabilities - Total assets increased by 1.84% to CNY 24.54 billion compared to the end of the previous year[6] - The total assets of the company as of March 31, 2017, were CNY 24,543.97 million, compared to CNY 24,101.13 million at the beginning of the year, indicating a growth in total assets[18] - The company's total liabilities reached CNY 14,888.63 million, compared to CNY 14,682.46 million in the previous period, indicating a slight increase in overall liabilities[19] - Short-term borrowings increased to CNY 2,937.10 million, up from CNY 2,497.30 million, reflecting the company's financing needs[19] - Total liabilities increased to ¥9,082,956,391.89 from ¥8,129,431,027.80, marking a rise of about 11.7%[21] - Current assets totaled ¥8,126,446,248.88, compared to ¥7,088,459,805.39 at the start of the year, showing an increase of approximately 14.7%[21] Production and Sales - Coal production increased by 27.11% to 1.68 million tons, while sales volume rose by 70.98% to 1.45 million tons[10] - The gross profit from coal sales reached CNY 48.40 million, a 584.82% increase compared to the previous year[10] - Urea product sales revenue increased by 33.56% to CNY 37.85 million, with a gross profit of CNY 2.32 million[10] Shareholder Information - The number of shareholders reached 67,674 by the end of the reporting period[12] - The largest shareholder, Shanxi Lanhua Coal Industry Group, holds 45.11% of the shares[12] Cash Flow - The net cash flow from operating activities was ¥247,921,582.53, recovering from a negative cash flow of ¥43,709,542.32 in the previous year[27] - Total cash flow from financing activities amounted to $743.96 million, a decrease of 97.05% compared to the previous period[32] - Net cash flow generated from financing activities was $518.09 million, an increase of 21.27% year-over-year[32] - The net increase in cash and cash equivalents for the period was $362.88 million, up 105.56% from the previous year[32] - The beginning balance of cash and cash equivalents was $762.53 million, compared to $1.12 billion in the prior period[32] - The ending balance of cash and cash equivalents reached $1.13 billion, a decrease of 13.38% from the previous year[32] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to enhance its product offerings and operational efficiency[15]