JSHX(SH:600307)2018-04-26 16:00Financial Performance - Operating revenue rose by 7.61% to CNY 9,813,691,100.16 year-on-year[6] - Net profit attributable to shareholders decreased by 45.06% to CNY 122,738,238.89 compared to the same period last year[6] - Total operating revenue for the current period reached ¥9,813,691,100.16, an increase of 7.6% compared to ¥9,119,774,941.83 in the previous period[23] - Net profit for the current period was ¥121,252,017.19, a decrease of 44.7% from ¥219,090,666.92 in the previous period[24] - Total comprehensive income for the current period was ¥121,252,017.19, down from ¥219,090,666.92, indicating a decline of 44.7%[24] Cash Flow - Cash flow from operating activities turned positive with a net amount of CNY 371,538,133.45, compared to a negative cash flow of CNY -553,452,366.41 in the previous year[6] - Cash flow from operating activities generated a net amount of ¥371,538,133.45, recovering from a negative cash flow of ¥553,452,366.41 in the previous period[29] - The total cash outflow from operating activities was ¥3,495,296,941.51, compared to ¥4,699,468,053.62 in the previous year, indicating a reduction in cash outflow[31] - The company faced a net decrease in cash and cash equivalents of ¥236,852,295.70 during the quarter, compared to a decrease of ¥420,717,658.44 in the same period last year[32] Assets and Liabilities - Total assets increased by 1.28% to CNY 40,370,786,404.59 compared to the end of the previous year[6] - Total assets as of March 31, 2018, amounted to CNY 40.37 billion, an increase from CNY 39.86 billion at the beginning of the year, reflecting a growth of approximately 1.3%[15] - Current assets totaled CNY 12.16 billion, up from CNY 11.48 billion, indicating a growth of about 6.0%[15] - Total liabilities reached CNY 30.69 billion, compared to CNY 30.31 billion at the start of the year, marking an increase of around 1.3%[15] - The company's short-term borrowings decreased slightly to CNY 17.67 billion from CNY 17.90 billion, a reduction of about 1.3%[15] - Non-current assets totaled CNY 28.21 billion, down from CNY 28.39 billion, indicating a decrease of about 0.6%[15] Receivables and Payables - Accounts receivable increased by 34% due to higher steel sales, leading to a temporary rise in receivables[13] - Tax payable increased by 353% due to higher sales volume leading to increased VAT[13] - The accounts receivable increased to CNY 267.15 million from CNY 198.77 million, representing a growth of about 34.4%[15] Expenses - Management expenses decreased by 72%, mainly due to reduced R&D expenses[13] - Total operating costs increased to ¥9,708,456,694.01, up from ¥8,894,743,034.65, reflecting a rise of 9.1%[23] - The company reported an increase in sales expenses to ¥410,449,317.41 from ¥367,988,334.13, marking an increase of 11.1%[23] - The company incurred financial expenses of ¥218,117,387.55, a slight decrease from ¥240,212,317.33 in the previous period[23] Equity - The total equity attributable to shareholders rose to CNY 9.73 billion from CNY 9.60 billion, reflecting an increase of approximately 1.4%[16] - The company reported a net loss of CNY 4.79 billion, an improvement from a loss of CNY 4.91 billion at the beginning of the year[16] Cash and Cash Equivalents - The company's cash and cash equivalents decreased to CNY 2.76 billion from CNY 3.16 billion, a decline of approximately 12.7%[15] - Cash and cash equivalents at the end of the period totaled ¥1,679,575,522.73, down from ¥2,245,960,583.16[30] - Cash and cash equivalents at the end of the period decreased to ¥1,242,374,981.90 from ¥1,990,017,695.76 in the previous year[32]