凌钢股份(600231) - 2015 Q1 - 季度财报

Financial Performance - Operating revenue fell by 23.66% to CNY 2.33 billion year-on-year[5] - Net profit attributable to shareholders was a loss of CNY 151.43 million, an improvement from a loss of CNY 192.45 million in the same period last year[5] - Basic earnings per share were reported at -CNY 0.19, compared to -CNY 0.24 in the same period last year[5] - The weighted average return on net assets was -5.03%, slightly improved from -5.16% year-on-year[5] - Total operating revenue for Q1 2015 was CNY 2,328,388,561.74, a decrease of 23.6% compared to CNY 3,050,059,105.17 in the same period last year[26] - Total operating costs for Q1 2015 were CNY 2,544,883,996.30, down 23.0% from CNY 3,306,929,404.07 in Q1 2014[26] - Net loss for Q1 2015 was CNY 151,428,195.49, compared to a net loss of CNY 192,453,977.14 in Q1 2014, representing a 21.4% improvement[27] - The company reported a gross profit margin of -9.3% for Q1 2015, compared to -8.4% in Q1 2014, indicating continued pressure on profitability[27] - Operating profit for Q1 2015 was a loss of CNY 195,378,684.88, compared to a loss of CNY 280,447,648.34 in the previous year, indicating a reduction in losses[30] - The company reported a total comprehensive income of CNY -136,011,025.79 for Q1 2015, compared to CNY -211,489,349.71 in the previous year[31] Cash Flow and Liquidity - Cash flow from operating activities showed a net outflow of CNY 560.78 million, a decline of 288.89% compared to the previous year[5] - Cash and cash equivalents at the end of the period were ¥1,956,781,683.07, down from ¥2,302,437,474.06 at the beginning of the year[18] - Cash flow from operating activities showed a net outflow of CNY 560,784,984.78, a significant decline from a net inflow of CNY 296,879,869.03 in Q1 2014[35] - Cash and cash equivalents at the end of Q1 2015 were CNY 1,956,781,683.07, down from CNY 2,035,491,685.56 at the end of Q1 2014[36] - The net increase in cash and cash equivalents was -$259.46 million, compared to a positive increase of $66.57 million in the previous period[39] - The ending balance of cash and cash equivalents was $1.68 billion, down from $2.00 billion in the prior period, reflecting a decrease of 15.9%[39] Assets and Liabilities - Total assets decreased by 3.07% to CNY 13.88 billion compared to the end of the previous year[5] - Significant increases were noted in accounts receivable, which rose by 210.26% to CNY 247.85 million[10] - The accounts receivable increased by ¥167,963,086.48 compared to the beginning of the year, mainly due to a higher proportion of bill settlements in product sales[12] - The prepayments increased by ¥251,128,992.57 compared to the beginning of the year, primarily due to an increase in advance payments for goods[12] - The long-term payables increased by ¥296,380,609.13 compared to the beginning of the year, mainly due to the addition of financing lease business during the period[12] - The total assets amounted to ¥13,881,366,966.59, a decrease from ¥14,321,578,873.66 at the beginning of the year[19] - The total current liabilities decreased to ¥9,147,715,144.56 from ¥9,738,494,483.97 at the beginning of the year[19] - The inventory decreased to ¥1,624,526,214.46 from ¥1,929,012,450.32 at the beginning of the year[18] - Total liabilities as of March 31, 2015, were CNY 10,411,035,328.71, down from CNY 10,611,781,258.76 at the start of the year[24] - Current assets totaled CNY 2,955,618,419.79, a decrease of 16.2% from CNY 3,525,728,139.53 at the beginning of the year[23] - Inventory decreased to CNY 855,832,647.53 from CNY 1,178,057,518.08, reflecting a reduction of 27.4%[23] - The company's equity attributable to shareholders was CNY 2,854,965,506.48, down from CNY 2,990,976,532.27 at the beginning of the year, a decrease of 4.5%[24] Shareholder Information - The number of shareholders reached 58,823 at the end of the reporting period[7] - The largest shareholder, Lingyuan Steel Group, holds 53.67% of the shares[7] Government Support - Government subsidies recognized in the current period amounted to CNY 1.02 million[8] Expenses - The management expenses decreased by ¥90,577,128.03 compared to the same period last year, mainly due to a reduction in employee compensation and tax expenses[12] - Financial expenses for Q1 2015 were CNY 85,420,173.72, a decrease from CNY 93,648,785.09 in the same period last year[30] - Sales expenses for Q1 2015 were CNY 8,973,818.63, significantly lower than CNY 47,626,796.93 in Q1 2014, reflecting cost-cutting measures[30] Investment Activities - The company’s investment activities resulted in a net cash outflow of CNY 48,378,142.50 in Q1 2015, compared to a net inflow of CNY 22,568,573.82 in the same period last year[35]