JSHX(SH:600307)2016-04-28 16:00Financial Performance - Operating revenue for the reporting period was CNY 8.50 billion, down 55.30% year-on-year[5] - Net profit attributable to shareholders of the listed company was a loss of CNY 266.75 million, compared to a loss of CNY 366.40 million in the same period last year[5] - The company's weighted average return on net assets was -2.98%, compared to -2.27% in the previous year[5] - Total operating revenue for Q1 2016 was ¥8,503,018,187.91, a decrease of 55.24% compared to ¥19,020,736,160.47 in the same period last year[23] - The net loss for Q1 2016 was ¥270,979,739.61, compared to a net loss of ¥371,267,842.78 in Q1 2015, representing a 27.06% improvement[24] - The company's operating revenue for Q1 2016 was ¥5,063,137,256.35, a decrease of 71.3% compared to ¥17,671,908,236.17 in the same period last year[27] - The operating profit for Q1 2016 was ¥66,139,108.54, compared to a loss of ¥97,691,766.06 in Q1 2015, indicating a significant turnaround[27] - The net profit for Q1 2016 was ¥72,315,010.56, recovering from a net loss of ¥81,773,436.08 in the previous year[28] Cash Flow - Cash flow from operating activities generated a net amount of CNY 405.34 million, a significant improvement from a negative CNY 995.33 million in the previous year[5] - The cash flow from operating activities for Q1 2016 was ¥405,339,683.10, a substantial improvement from a negative cash flow of ¥995,331,807.13 in Q1 2015[31] - The net cash flow from operating activities was ¥223,193,534.01, a significant improvement from a net outflow of ¥991,073,188.08 in the previous period[34] - The total cash inflow from operating activities was ¥4,027,837,016.39, compared to ¥16,815,745,831.05 in the prior year, reflecting a decrease in sales revenue[34] - The cash flow from investment activities was negative at -¥68,513,555.99, compared to -¥30,615,018.07 in the prior year, indicating increased investment expenditures[34] Assets and Liabilities - Total assets at the end of the reporting period were CNY 38.62 billion, a decrease of 0.41% compared to the end of the previous year[5] - The company's total assets as of March 31, 2016, were ¥41,494,430,977.49, slightly down from ¥41,560,806,634.57 at the beginning of the year[21] - Total liabilities decreased to ¥28,671,302,774.94 from ¥28,813,290,100.78, reflecting a reduction of 0.49%[21] - The company's total current liabilities increased to CNY 26,490,981,985.30 from CNY 26,388,899,296.81, reflecting an increase of about 0.4%[17] - Non-current assets totaled CNY 30,450,555,341.63, down from CNY 30,712,495,135.86, indicating a decrease of approximately 0.9%[17] Shareholder Information - The number of shareholders at the end of the reporting period was 376,365[8] - The largest shareholder, Jiuquan Iron and Steel (Group) Co., Ltd., held 54.79% of the shares, totaling 3.43 billion shares[9] Cost Management - Sales expenses decreased by 37.6% year-on-year, attributed to optimized logistics and reduced freight costs[10] - The company reported a significant reduction in sales expenses, which fell to ¥383,399,297.74 from ¥613,957,667.62, a decrease of 37.48%[24] - The management expenses decreased to ¥395,017,346.83 in Q1 2016 from ¥635,180,428.30 in the previous year, indicating improved operational efficiency[27] Financial Strategy - The company has committed to avoiding competition with its major shareholder, ensuring no direct or indirect involvement in carbon steel production and sales[13] - The company plans to maintain operational independence from its major shareholder to promote fair and equitable transactions[13] - There are no significant changes expected in net profit compared to the same period last year, indicating stability in financial performance[13]