AXNMC(SH:600255)2016-04-27 16:00Financial Performance - Operating revenue decreased by 6.15% to CNY 1,062,104,264.83 compared to the same period last year[7] - Net profit attributable to shareholders of the listed company was a loss of CNY 39,586,623.76, compared to a loss of CNY 23,986,365.48 in the previous year[7] - Total operating revenue for Q1 2016 was CNY 1,062,104,264.83, a decrease of 6.1% from CNY 1,131,749,916.30 in the previous year[35] - Net profit for Q1 2016 was a loss of CNY 38,841,545.35, compared to a loss of CNY 20,996,056.81 in Q1 2015[35] - The company reported a net profit warning for the upcoming reporting period, indicating potential losses or significant changes compared to the previous year[23] - The company reported a total comprehensive loss of ¥42,740,271.04 for the quarter, compared to a comprehensive loss of ¥16,907,064.60 in the previous year, marking an increase in loss of approximately 152.5%[38] Assets and Liabilities - Total assets increased by 2.04% to CNY 5,060,456,407.07 compared to the end of the previous year[7] - Current assets totaled CNY 2,775,187,136.79, up from CNY 2,638,789,727.65 at the start of the year, indicating a growth of approximately 5.2%[25] - Total liabilities reached CNY 1,787,746,866.60, compared to CNY 1,633,313,923.76 at the beginning of the year, marking an increase of approximately 9.5%[27] - The company's total equity decreased to CNY 3,078,030,005.88 from CNY 3,120,770,276.92 year-over-year[31] Cash Flow - Cash flow from operating activities improved, with a loss of CNY 21,728,522.85 compared to a loss of CNY 68,737,581.91 in the same period last year[7] - Cash received from tax refunds decreased by 66.36% to ¥196,360.79, reflecting a reduction in tax refunds received[16] - Cash received from investment decreased by 87.69% to ¥8,000,000.00, primarily due to a reduction in the redemption of bank wealth management products[16] - Cash paid for fixed assets, intangible assets, and other long-term assets decreased by 67.06% to ¥13,754,066.35, indicating reduced investment in fixed assets[16] - Cash inflows from operating activities totaled ¥1,109,125,945.64, while cash outflows amounted to ¥1,130,854,468.49, resulting in a net cash outflow from operating activities[42] - The company's total cash flow from financing activities was negative at ¥189,543,027.06, contrasting with a positive cash flow of ¥6,813,553.95 in the same quarter last year[43] Shareholder Information - The number of shareholders reached 196,785 at the end of the reporting period[11] - The top shareholder, Wuhu Hengxin Copper Industry Group Co., Ltd., holds 13.85% of the shares[11] Expenses and Costs - Operating tax and additional fees increased by 146.30% to ¥1,177,745.15 due to increased VAT revenue[15] - Management expenses rose by 31.46% to ¥26,365,241.48 primarily due to the acquisition of Xi'an Mengzhou[15] - Total operating costs for Q1 2016 were CNY 1,098,728,067.88, down 5.2% from CNY 1,158,009,057.62 in the same period last year[35] Investment and Impairment - Investment income fell by 114.34% to -¥1,256,158.21, attributed to the disposal of financial assets measured at fair value[15] - Asset impairment losses decreased by 293.59% to -¥10,744,785.39, mainly due to the reversal of inventory write-downs[15] - The company reported an asset impairment loss of CNY -10,744,785.39 in Q1 2016, contrasting with a gain of CNY 5,550,274.54 in the previous year[35] Cash and Equivalents - The company's cash and cash equivalents decreased to CNY 897,339,345.45 from CNY 972,763,099.15, reflecting a decline of about 7.8%[25] - Cash and cash equivalents at the end of the period stood at ¥455,920,072.04, down from ¥625,305,426.50 at the end of Q1 2015, a decrease of about 27.1%[43]