qscc(SH:600425)2014-04-29 16:00Financial Performance - Operating revenue for the first quarter reached CNY 187,236,824.05, representing a 22.7% increase year-on-year[11] - Net profit attributable to shareholders was CNY -130,515,923.12, showing a significant decline compared to CNY -103,925,931.62 in the same period last year[11] - The company reported a basic and diluted earnings per share of CNY -0.09, compared to CNY -0.15 in the previous year[11] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -134,486,260.11, compared to CNY -104,632,252.32 in the same period last year[11] - Net loss for Q1 2014 was RMB 177,280,275.38, compared to a net loss of RMB 110,546,082.60 in Q1 2013, representing a 60.1% increase in losses[25] - Basic and diluted earnings per share for Q1 2014 were both -0.09, compared to -0.15 in Q1 2013[25] Cash Flow - The net cash flow from operating activities was CNY -103,821,844.72, an improvement from CNY -140,088,017.82 year-on-year[11] - The cash inflow from operating activities for Q1 2014 was CNY 472,490,744.35, an increase of 30.1% compared to CNY 363,141,314.25 in the same period last year[28] - The net cash flow from financing activities was CNY 310,825,440.46, a turnaround from -CNY 1,498,643,117.86 in the same quarter last year[29] - The cash inflow from financing activities totaled CNY 691,800,000.00, significantly higher than CNY 160,000,000 in the previous year, marking a 332.4% increase[29] - The cash outflow from investing activities was CNY 121,445,747.12, down from CNY 503,349,888.80 in the previous year, indicating a reduction of 75.9%[29] - The company reported a net cash flow from investing activities of -CNY 121,215,747.12, an improvement from -CNY 503,335,578.78 year-over-year[29] Assets and Liabilities - Total assets increased by 1.9% to CNY 12,076,297,534.72 compared to the end of the previous year[11] - Total assets amounted to CNY 12,076,297,534.72, up from CNY 11,851,182,416.40 at the beginning of the year[19] - Total liabilities increased to CNY 6,161,463,932.30 from CNY 5,759,757,226.37, indicating a rise in financial obligations[20] - The company's equity decreased to CNY 5,914,833,602.42 from CNY 6,091,425,190.03, reflecting a reduction in retained earnings[20] - Total liabilities reached RMB 4,062,706,536.68, up 18.4% from RMB 3,432,919,888.41 at the start of the year[23] - The company's equity decreased to RMB 4,789,659,406.60 from RMB 4,857,270,960.63, indicating a decline of 1.4%[23] Shareholder Information - The total number of shareholders reached 57,948 as of the report date[13] - The largest shareholder, Aral Tongzhong State-owned Assets Management Co., Ltd., holds 26.21% of shares, totaling 361,367,646 shares[13] - The second-largest shareholder, Anhui Conch Cement Co., Ltd., holds 23.79% of shares, totaling 328,034,266 shares[13] Inventory and Costs - Inventory increased by 32.33% to CNY 1,728,208,882.29, primarily due to the increase in reserves of cement clinker and raw materials[16] - Operating costs increased by 33.39% to CNY 208,843,078.96, corresponding to the rise in cement sales[16] - Financial expenses surged by 71.62% to CNY 67,576,936.10, due to a year-on-year increase in bank loans[16] - Total operating costs for Q1 2014 were RMB 360,612,170.64, up 37.0% from RMB 263,265,905.08 in Q1 2013[25] Other Income - Other income rose by 333.05% to CNY 6,339,228.35, mainly from increased government subsidies[16] - The company received tax refunds amounting to CNY 3,481,123.42, compared to CNY 796,551.21 in the previous year, showing a significant increase of 337.5%[28]