HZIS(SH:600126)2017-04-28 16:00Financial Performance - Operating revenue increased by 45.31% to CNY 6.33 billion year-on-year[6] - Net profit attributable to shareholders rose by 86.16% to CNY 206.73 million compared to the same period last year[6] - The net profit after deducting non-recurring gains and losses surged by 463.16% to CNY 202.33 million[6] - Basic earnings per share increased by 60.00% to CNY 0.08 per share[6] - Revenue increased by 45.31% year-on-year to CNY 6,325,778,781.76, driven by higher average sales prices and increased trade revenue from Ningbo Steel[13] - Net profit rose by 83.79% year-on-year to CNY 208,971,172.56, reflecting improved operational performance compared to the previous year[13] - Operating profit increased by 92.13% year-on-year to CNY 213,602,789.02, indicating strong growth in core business operations[13] - Total operating revenue for Q1 2017 reached ¥6,325,778,781.76, a 45.2% increase from ¥4,353,413,678.11 in the same period last year[30] - Net profit for Q1 2017 was ¥208,971,172.56, representing an 83.8% increase compared to ¥113,703,681.41 in Q1 2016[30] - Operating profit for Q1 2017 was ¥213,602,789.02, an increase of 91.9% from ¥111,175,104.72 in the previous year[30] - Earnings per share for Q1 2017 were ¥0.08, up from ¥0.05 in Q1 2016[31] Cash Flow and Liquidity - Cash flow from operating activities decreased by 61.16% to CNY 290.53 million compared to the previous year[6] - Cash generated from operating activities in Q1 2017 was ¥7,245,028,514.03, a significant increase from ¥4,827,572,964.21 in the same quarter last year[36] - The net cash inflow from operating activities was CNY 290,528,315.86, a decrease of 61.2% compared to CNY 748,002,482.20 in the previous period[37] - Total cash inflow from investment activities was CNY 2,731,046,574.54, while cash outflow was CNY 2,222,754,422.66, resulting in a net cash inflow of CNY 508,292,151.88[37] - Cash inflow from financing activities totaled CNY 896,152,422.16, with cash outflow of CNY 2,686,059,082.66, leading to a net cash outflow of CNY 1,789,906,660.50[38] - The ending cash and cash equivalents balance was CNY 3,534,576,321.89, down from CNY 4,496,945,951.99 at the beginning of the period[38] - The company reported a cash inflow of CNY 53,091,512.12 from the disposal of subsidiaries and other business units[39] - The total cash inflow from operating activities was CNY 7,322,643,618.94, indicating strong operational performance despite net cash flow challenges[37] Assets and Liabilities - Total assets decreased by 4.72% to CNY 24.79 billion compared to the end of the previous year[6] - The company’s monetary funds decreased by 41.00% to CNY 3.54 billion due to repayment of bank loans[10] - Total current assets decreased from CNY 10,682,513,096.37 at the beginning of the year to CNY 9,553,297,451.82, a decline of approximately 10.55%[20] - Cash and cash equivalents decreased from CNY 5,992,357,044.77 to CNY 3,535,320,735.19, a reduction of about 41.01%[20] - Accounts receivable increased from CNY 149,746,262.87 to CNY 324,320,814.79, representing a growth of approximately 116.59%[20] - Inventory increased from CNY 1,417,950,289.65 to CNY 1,723,434,421.14, an increase of about 21.5%[20] - Total liabilities decreased from CNY 10,521,790,996.71 to CNY 9,690,988,286.68, a decrease of approximately 7.91%[22] - Short-term borrowings decreased significantly from CNY 3,321,656,639.15 to CNY 1,862,769,028.69, a reduction of about 43.93%[21] - Total equity decreased from CNY 15,499,901,399.24 to CNY 15,102,987,140.84, a decline of approximately 2.56%[22] - The company’s fixed assets decreased from CNY 10,429,665,284.56 to CNY 10,199,458,187.92, a decline of about 2.20%[21] - The company’s total assets decreased from CNY 26,021,692,395.95 to CNY 24,793,975,427.52, a decrease of approximately 4.71%[22] Investments and Acquisitions - The company completed the acquisition of 100% equity in Ningbo Zixia Industrial Investment Co., Ltd. for CNY 58,376.31 million, enhancing its market position[17] - Long-term equity investments decreased due to the acquisition of controlling interest in Ziheng Company by Ningbo Steel, which was included in the consolidated report[12] - The company’s goodwill changed due to the acquisition of Ziheng Company, reflecting strategic growth through mergers and acquisitions[12] - The company’s investment income increased, driven by gains from the disposal of a spot market company and financial investments[15] - Investment income for Q1 2017 was ¥1,777,052.02, compared to a loss of ¥824,004.24 in Q1 2016[30] - The company paid CNY 1,073,000,000.00 related to other investment activities, reflecting ongoing capital expenditures[40] - The net cash flow from investment activities was negative at CNY -834,040,914.64, indicating significant investment expenditures[40] Shareholder Information - The number of shareholders reached 52,255 at the end of the reporting period[9]