qscc(SH:600425)2016-04-29 16:00Financial Performance - Operating revenue for the period was CNY 10,400.32 million, down 11.21% year-on-year[6] - Net profit attributable to shareholders of the listed company was a loss of CNY 15,567.93 million, compared to a loss of CNY 14,978.22 million in the same period last year[6] - The weighted average return on equity decreased by 0.60 percentage points to -3.46%[6] - Basic and diluted earnings per share were both CNY -0.113[6] - Total operating revenue for Q1 2016 was ¥104,003,191.02, a decrease of 11.2% compared to ¥117,131,506.15 in the same period last year[20] - Net loss for Q1 2016 was ¥193,971,576.44, compared to a net loss of ¥194,234,266.04 in Q1 2015, indicating a marginal improvement[22] - The company's gross profit margin decreased, with operating profit showing a loss of ¥206,822,618.65 in Q1 2016 compared to a loss of ¥191,536,559.55 in Q1 2015[20] - Basic and diluted earnings per share for Q1 2016 were both -¥0.113, compared to -¥0.109 in Q1 2015[22] - The company reported an investment loss of ¥10,691,037.06 in Q1 2016, worsening from a loss of ¥5,272,628.15 in the previous year[20] - Other comprehensive income after tax for Q1 2016 was ¥29,547.90, down from ¥452,113.31 in Q1 2015[22] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,125,491.18 million, an increase of 0.51% compared to the end of the previous year[6] - Total current assets increased to ¥2,299,469,791.74 from ¥2,141,772,972.47, reflecting a growth of about 7.4%[15] - Total assets amounted to ¥11,254,911,771.79, up from ¥11,199,097,486.93, showing a slight increase of approximately 0.5%[17] - Total liabilities rose to ¥6,573,432,771.25 from ¥6,321,440,780.91, an increase of approximately 4%[17] - The total liabilities increased to ¥5,393,979,599.26 in Q1 2016 from ¥5,073,589,027.14 in the previous year, reflecting a growth of 6.3%[19] - The total equity attributable to shareholders decreased to ¥4,415,719,187.70 from ¥4,573,604,666.67, a decline of about 3.5%[17] - The total equity decreased to ¥4,688,936,520.12 in Q1 2016 from ¥4,749,454,794.15 in the same period last year, a decline of 1.3%[19] Cash Flow - Cash flow from operating activities was a negative CNY 1,590.20 million, compared to a negative CNY 22,998.98 million in the same period last year[6] - The net cash flow from operating activities for Q1 2016 was -15,901,968.19 RMB, an improvement from -229,989,847.71 RMB in the same period last year, indicating a significant reduction in losses[26] - Total cash inflow from operating activities was 166,861,539.60 RMB, down 11.85% from 189,321,683.88 RMB year-over-year[25] - Cash outflow from operating activities totaled 182,763,507.79 RMB, a decrease of 56.36% compared to 419,311,531.59 RMB in the previous year[26] - The company reported a net cash flow from investing activities of -18,479,140.43 RMB, compared to -99,698,581.48 RMB in the same quarter last year, showing improved investment efficiency[27] - Cash inflow from financing activities was 602,912,449.94 RMB, an increase of 57.24% from 383,800,000.00 RMB year-over-year[26] - The net cash flow from financing activities was 237,511,663.38 RMB, up from 85,337,394.69 RMB in the previous year, reflecting stronger financing capabilities[26] - The ending cash and cash equivalents balance increased to 380,469,610.20 RMB, compared to 258,519,198.01 RMB at the end of the previous year[27] - The company received 537,000,000.00 RMB in borrowings during the quarter, up from 379,000,000.00 RMB in the same period last year, indicating increased leverage[26] Shareholder Information - The total number of shareholders at the end of the reporting period was 99,461[10] - The largest shareholder, Aral Tongzhong State-owned Assets Management Co., Ltd., held 361,367,646 shares, accounting for 26.21% of the total shares[10] Operational Focus - The company’s management indicated a focus on cost control and operational efficiency to improve future performance amid challenging market conditions[20]