SMHC(SH:600131)2017-04-25 16:00Financial Performance - Net profit attributable to shareholders decreased by 94.22% to CNY 2,529,052.79 year-on-year[5] - Operating revenue fell by 32.29% to CNY 156,330,789.77 compared to the same period last year[5] - The company experienced a decrease in sales revenue due to steel enterprises undergoing technical upgrades and production halts[12] - Net profit for Q1 2017 was ¥790,444.06, a significant decline from ¥43,111,276.03 in Q1 2016, representing a decrease of 98.2%[29] - The company's operating profit for Q1 2017 was ¥183,875.32, a sharp decline from ¥44,986,383.67 in Q1 2016, representing a decrease of 99.6%[29] - The total comprehensive income for Q1 2017 was ¥790,444.06, compared to ¥43,111,276.03 in the same period last year, marking a decrease of 98.2%[30] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 3,943,467.02, a decrease of 115.01% year-on-year[5] - The company's cash flow from operating activities was negatively impacted by a decrease in sales revenue[13] - Net cash flow from operating activities in Q1 2017 was negative RMB 394.35 million, a decrease of RMB 3,021.18 million or 115.01% year-on-year[14] - Cash inflow from sales of goods and services was 165,743,361.41 RMB, down 31.4% from 241,780,645.69 RMB in the prior period[35] - Total cash outflow from operating activities was 170,362,766.31 RMB, a decrease of 21.9% compared to 218,116,262.23 RMB in the previous period[35] - The net cash flow from investing activities was -24,379,451.74 RMB, improving from -29,235,306.41 RMB in the previous period[37] - Cash inflow from financing activities was 50,000,000.00 RMB, with a net cash flow of 37,662,671.51 RMB, compared to -15,122,177.78 RMB in the previous period[37] Assets and Liabilities - Total assets increased by 1.12% to CNY 2,405,876,443.06 compared to the end of the previous year[5] - Accounts receivable decreased by 44.89% to CNY 587.16 million compared to the beginning of the year[10] - The company reported a significant increase in notes receivable by 105.48% to CNY 2,138.49 million[10] - Total liabilities increased from RMB 1,344,682,868.90 at the beginning of the year to RMB 1,370,594,624.55 at the end of Q1 2017[22] - The company's total equity as of March 31, 2017, was RMB 1,035,281,818.51, slightly up from RMB 1,034,491,374.45 at the beginning of the year[22] Shareholder Information - The number of shareholders reached 48,619 at the end of the reporting period[8] Earnings and Costs - Basic earnings per share for Q1 2017 were ¥0.005, down from ¥0.087 in Q1 2016, a decrease of 94.3%[30] - Total operating costs for Q1 2017 were ¥181,044,306.08, down 15.9% from ¥215,311,533.44 year-over-year[29] - The company reported a significant reduction in asset impairment losses, which decreased by 93.83% year-on-year, from RMB 57.73 million to RMB 3.56 million[14] - The company paid 12,337,328.49 RMB in dividends and interest, down 18.5% from 15,122,177.78 RMB in the previous period[37]