DYEC(SH:600403)2017-04-27 16:00Financial Performance - Net profit attributable to shareholders was CNY 151,359,743.41, a significant recovery from a loss of CNY 472,361,611.67 in the same period last year[6] - Operating revenue surged by 156.45% to CNY 1,768,855,103.48 compared to CNY 689,737,157.50 in the previous year[6] - The company's operating revenue for Q1 2017 was CNY 1,768,855,103.48, an increase of CNY 1,079,117,945.98 or 156.45% compared to Q1 2016[13] - Total revenue for Q1 2017 reached ¥1,768,855,103.48, a significant increase from ¥689,737,157.50 in the same period last year, representing a growth of approximately 156.5%[27] - The net profit for Q1 2017 was ¥125,793,589.45, a turnaround from a net loss of ¥496,453,497.48 in Q1 2016[28] - The operating profit for the current period was ¥20,665,180.94, a substantial improvement from a loss of ¥317,027,116.95 in the previous year[30] Cash Flow - Cash flow from operating activities was CNY 372,591,142.95, a turnaround from a negative cash flow of CNY -41,985,944.84 in the same period last year[6] - The net cash flow from operating activities increased by CNY 414,577,087.79, primarily due to increased sales volume and rising prices[14] - Cash flow from operating activities generated a net inflow of ¥372,591,142.95, compared to a net outflow of ¥41,985,944.84 in Q1 2016, showing a positive cash flow trend[32] - The company reported cash inflows from operating activities totaling ¥3,133,905,061.61, significantly higher than ¥913,398,359.02 in the prior year[32] - The net cash flow from operating activities was $470,905,509.40, compared to a negative cash flow of $60,635,589.93 in the previous year, indicating a significant improvement[34] - Total cash inflow from operating activities amounted to $2,706,175,766.89, while cash outflow was $2,235,270,257.49, resulting in a net cash inflow of $470,905,509.40[34] Assets and Liabilities - Total assets increased by 1.39% to CNY 14,770,444,887.78 compared to the end of the previous year[6] - The company's total assets as of March 31, 2017, amounted to CNY 14,770,444,887.78, compared to CNY 14,567,814,505.65 at the beginning of the year[20] - The total current liabilities as of March 31, 2017, were CNY 7,341,131,839.10, compared to CNY 6,994,531,191.26 at the beginning of the year[21] - Current liabilities totaled ¥9,249,865,397.53, a decrease from ¥9,616,974,419.29 at the start of the year, representing a reduction of about 3.8%[25] - The company's total liabilities were ¥10,896,709,185.20, down from ¥11,383,502,690.31, showing a decrease of about 4.3%[26] Operational Efficiency - The weighted average return on net assets improved by 7.79 percentage points to 2.26% from -5.71% year-on-year[6] - The financial expenses rose by CNY 39,961,541.46, reflecting a 907.08% increase, attributed to the capitalization of interest as the Mengjin mine transitioned from construction to production[13] - The company's management expenses increased by CNY 107,169,716.73, reflecting a 61.11% rise primarily due to increased compensation[13] - The company incurred sales expenses of ¥23,917,271.66, slightly down from ¥25,639,226.89 in the previous year, indicating cost control efforts[30] Future Outlook - The company anticipates a stable growth in production and sales volume in Q2, which is expected to offset the impact of slight coal price declines[16] - The company expects to maintain profitability despite potential fluctuations in coal demand and prices due to ongoing national policies[16] - The company is actively working to resolve regulatory issues related to its mining rights, ensuring continued operations and revenue generation[15] Inventory and Receivables - Accounts receivable increased by 13.64% to CNY 1,184,603,342.25, attributed to increased sales efforts and cross-period settlements[11] - Bills receivable rose by 21.49% to CNY 1,101,245,347.25, driven by higher sales revenue and increased acceptance bill settlements[12] - Inventory levels increased to ¥183,668,668.23 from ¥122,923,241.84, reflecting a growth of approximately 49.4%[25]