HY Energy(SH:600387)2016-04-27 16:00Financial Performance - Operating revenue increased by 112.63% to CNY 1,788,121,853.10 compared to the same period last year[6] - Net profit attributable to shareholders was a loss of CNY 44,344,253.07, a decrease of 2,723.16% compared to the same period last year[6] - Basic earnings per share decreased by 2,600.00% to CNY -0.11 compared to the same period last year[6] - The company's operating revenue for Q1 2016 was CNY 1,788,121,853.10, representing a 112.63% increase compared to CNY 840,937,012.09 in the same period last year[15] - The net profit attributable to shareholders of the parent company was a loss of CNY 44,344,253.07, a significant decline of 2723.16% compared to a profit of CNY 1,690,487.08 in the previous year[16] - The net profit for Q1 2016 was approximately -¥106.76 million, compared to -¥21.60 million in the previous year, indicating a significant decline in profitability[26] - The total comprehensive income for the period was approximately -¥251.06 million, contrasting with a positive comprehensive income of ¥125.56 million in the same quarter last year[26] Assets and Liabilities - Total assets decreased by 7.14% to CNY 8,455,723,954.35 compared to the end of the previous year[6] - The total liabilities decreased from CNY 7,317,759,399.16 at the beginning of the year to CNY 6,918,676,334.56, a reduction of about 5.5%[20] - Current liabilities totaled CNY 3,076,626,822.87, down from CNY 3,445,117,056.02, showing a decrease of approximately 10.7%[20] - The total non-current assets were CNY 6,945,043,400.19, down from CNY 7,207,598,668.88, indicating a decrease of approximately 3.6%[20] - The equity attributable to shareholders of the parent company decreased from CNY 1,349,157,037.95 to CNY 1,160,513,736.67, a decline of about 13.9%[20] Cash Flow - Net cash flow from operating activities improved by 155.56% to CNY 71,412,813.82 compared to the same period last year[6] - The company's cash and cash equivalents decreased to CNY 567,371,163.25 from CNY 753,413,371.35, indicating a decline in liquidity[18] - The cash inflow from operating activities was approximately ¥2.31 billion, compared to ¥1.15 billion in the previous year, showing a substantial increase[28] - The cash flow from operating activities showed a significant outflow of 176,781,126.79 RMB, highlighting challenges in maintaining positive cash flow from core operations[30] - Total cash inflow from operating activities was 1,081,013,678.36 RMB, up from 966,914,518.43 RMB year-over-year, reflecting a growth of approximately 11.7%[30] Expenses - The operating costs increased to CNY 1,789,437,874.84, a rise of 115.98% from CNY 828,516,504.03 year-on-year[15] - The company's management expenses surged by 185.38% to CNY 53,598,700.18 from CNY 18,781,705.47, attributed to increased costs at its subsidiary[16] - The company's cash outflow for purchasing goods and services increased to 1,193,272,901.71 RMB from 963,543,889.65 RMB, representing a rise of about 24%[30] Shareholder Information - The total number of shareholders was 25,145 at the end of the reporting period[11] - The largest shareholder, Hainan Haiyue Economic Development Co., Ltd., held 22.31% of the shares[12] Government Support - Government subsidies recognized in the current period amounted to CNY 161,535.70[9] Other Comprehensive Income - The company reported a significant reduction in other comprehensive income by 43.88% to CNY 184,537,810.83 from CNY 328,836,859.04, mainly due to the decrease in the fair value of available-for-sale financial assets[15] - The company experienced a substantial other comprehensive loss of approximately -¥144.30 million, compared to a gain of ¥147.15 million in the previous year[26]