JSHX(SH:600307)2014-04-29 16:00Financial Performance - Operating revenue increased by 23.32% to CNY 26.22 billion compared to the same period last year[9] - Net profit attributable to shareholders was a loss of CNY 428.31 million, a decrease of 334.41% compared to the same period last year[9] - Basic earnings per share decreased by 334.25% to CNY -0.0684 compared to the same period last year[9] - The net profit attributable to shareholders decreased by 334.41% compared to the same period last year, primarily due to weak demand in the steel market and falling steel prices[14] - The net profit for Q1 2014 was a loss of ¥433,757,676.24, compared to a profit of ¥182,068,002.15 in Q1 2013[26] - Basic earnings per share for Q1 2014 were -0.0684, compared to 0.0292 in the same period last year[27] - Net profit for the current period was a loss of ¥42,115,865.30, compared to a profit of ¥456,071,285.12 in the previous period, indicating a significant decline[28] - The company reported a total profit of -¥49,548,076.82, down from ¥536,554,453.08 in the previous period[28] Cash Flow - Net cash flow from operating activities was a negative CNY 279.59 million, a decrease of 274.23% compared to the same period last year[9] - The net cash flow from operating activities dropped by 274.23% year-on-year, as the decline in steel prices significantly outpaced the decrease in raw material costs[14] - Cash flow from operating activities showed a net outflow of ¥279,589,739.47, contrasting with a net inflow of ¥160,472,130.53 in the previous period[31] - The company experienced a significant decrease in cash flow from financing activities compared to the previous period[35] Assets and Liabilities - Total assets decreased by 4.77% to CNY 54.68 billion compared to the end of the previous year[9] - Total current assets decreased from CNY 26.55 billion at the beginning of the year to CNY 23.28 billion at the end of the reporting period[17] - Total liabilities decreased to ¥36,303,099,501.24 from ¥38,168,411,442.92, a reduction of 4.8%[23] - The company's total assets decreased to ¥53,429,007,628.29 from ¥55,328,188,459.45 at the beginning of the year, reflecting a decline of 3.4%[22] Shareholder Information - The total number of shareholders was 97,476 at the end of the reporting period[12] - The largest shareholder, Jiuquan Iron and Steel (Group) Co., Ltd., holds 54.7% of the shares[12] Investment Activities - The net cash flow from investing activities decreased by 85.11% compared to the previous year, mainly due to reduced fixed asset construction investments and significant expenditures from the acquisition of Tianfeng Stainless Steel last year[14] - Investment activities resulted in a cash outflow of ¥789,239,350.31, a decrease from ¥5,300,419,375.66 in the previous period[32] Operating Costs - Total operating costs for Q1 2014 were ¥26,747,041,787.85, up 27.1% from ¥21,048,042,228.15 year-over-year[26] - Operating expenses increased, with costs rising to ¥22,022,920,535.10 from ¥16,377,631,823.73 in the previous period[31]