青松建化(600425) - 2017 Q1 - 季度财报

Key Disclosures This section covers the assurance of report authenticity and the audit status of the quarterly report Assurance of Report Authenticity The company's management guarantees the truthfulness, accuracy, and completeness of this quarterly report, assuming legal responsibility for its content - The Board of Directors, Supervisory Board, and all directors, supervisors, and senior management guarantee the truthfulness, accuracy, and completeness of the report content[7] - The company's principal, chief financial officer, and head of accounting department guarantee the truthfulness, accuracy, and completeness of the financial statements[7] Audit Status This company's 2017 first quarter report is unaudited - This quarterly report is unaudited[7] Company Profile This section provides an overview of the company's key financial performance and shareholder structure for the reporting period Key Financial Data In Q1 2017, the company achieved operating revenue of CNY 108 million, with a net loss attributable to shareholders of CNY 154 million, while operating cash flow turned positive Key Financial Data for Q1 2017 | Item | Current Period (CNY) | Prior Period (CNY) | Year-on-Year Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 107,520,800.99 | 104,003,191.02 | 3.38% | | Net Profit Attributable to Shareholders of Listed Company | -153,835,020.85 | -155,679,349.92 | 1.18% | | Net Profit Attributable to Shareholders of Listed Company (Excluding Non-recurring Items) | -155,919,234.96 | -158,768,329.48 | 1.79% | | Net Cash Flow from Operating Activities | 8,386,069.53 | -15,901,968.19 | N/A | | Basic Earnings Per Share (CNY/share) | -0.112 | -0.113 | 0.88% | | Weighted Average Return on Net Assets (%) | -3.92 | -3.46 | Decrease of 0.46 percentage points | | Item | Period-end Balance (CNY) | Year-start Balance (CNY) | Period-end vs. Year-start Change (%) | | Total Assets | 9,946,451,173.92 | 9,998,741,942.69 | -0.52% | | Net Assets Attributable to Shareholders of Listed Company | 3,842,591,072.45 | 3,996,426,093.30 | -3.85% | Non-recurring Gains and Losses for Q1 2017 | Item | Amount (CNY) | | :--- | :--- | | Gains or losses from disposal of non-current assets | -36,224.12 | | Government grants recognized in current profit or loss | 2,105,263.01 | | Other non-operating income and expenses | 281,406.47 | | Impact on minority interests (after tax) | 86,335.55 | | Income tax impact | -352,566.80 | | Total | 2,084,214.11 | Shareholder Information As of the reporting period end, the company had 168,821 shareholders, with Alar Tongzhong State-owned Assets Management Co., Ltd. as the largest shareholder - As of the end of the reporting period, the company had a total of 168,821 shareholders[10] Top Five Shareholders' Holdings | Shareholder Name | Number of Shares Held | Proportion (%) | Shareholder Type | | :--- | :--- | :--- | :--- | | Alar Tongzhong State-owned Assets Management Co., Ltd. | 361,367,646 | 26.21 | State-owned Legal Entity | | Xinjiang Alar Water Conservancy and Hydropower Engineering Co., Ltd. | 42,163,052 | 3.06 | State-owned Legal Entity | | Central Huijin Asset Management Co., Ltd. | 34,080,000 | 2.47 | Domestic Non-state-owned Legal Entity | | Zhongxinjiang Merchants Equity Investment Co., Ltd. | 27,800,000 | 2.02 | Domestic Non-state-owned Legal Entity | | Xinjiang Production and Construction Corps Investment Co., Ltd. | 10,300,000 | 0.75 | State-owned Legal Entity | - Among the top ten shareholders, Alar Tongzhong State-owned Assets Management Co., Ltd. and Xinjiang Alar Water Conservancy and Hydropower Engineering Co., Ltd. are parties acting in concert; Zhongxinjiang Merchants Equity Investment Co., Ltd. and Xinjiang Production and Construction Corps Investment Co., Ltd. are also parties acting in concert[11] Preferred Shareholder Information The company had no preferred shareholders at the end of the reporting period - The company has no preferred shareholder information to disclose[11] Significant Matters This section details significant changes in key financial items, progress of important events, and fulfillment of commitments Analysis of Significant Changes in Key Accounting Data and Financial Indicators During the reporting period, significant changes occurred in financial indicators, including a 62.38% increase in cash, a 54.73% decrease in notes receivable, and a 140.06% increase in notes payable - Cash and cash equivalents increased by 62.38% from the beginning of the period, primarily due to increased financing inflows and enhanced collection efforts for receivables[12] - Notes receivable decreased by 54.73% from the beginning of the period, mainly due to the maturity and acceptance of some bills[12] - Notes payable increased by 140.06% from the beginning of the period, primarily due to increased use of commercial bills for payments in operating activities[12] - Non-operating income decreased by 63.21% year-on-year, mainly due to a reduction in value-added tax refunds received[13] - Net cash flow from operating activities increased by CNY 24.288 million year-on-year, primarily due to a significant increase in cash received from sales of goods[13] Progress of Significant Matters During the reporting period, there were no significant matters requiring disclosure of their progress - Not applicable[14] Fulfillment of Commitments During the reporting period, the company had no overdue unfulfilled commitments - Not applicable[15] Performance Forecast Warning The company has not issued any performance forecast warning regarding cumulative net profit from the beginning of the year to the end of the next reporting period - Not applicable[16] Appendix This section contains the company's unaudited financial statements for the first quarter of 2017 Financial Statements This appendix includes the company's unaudited consolidated and parent company balance sheets, income statements, and cash flow statements for Q1 2017 Consolidated Balance Sheet As of March 31, 2017, consolidated total assets were CNY 9.946 billion, with total liabilities of CNY 6.006 billion, and equity attributable to parent company of CNY 3.843 billion Key Items from Consolidated Balance Sheet (March 31, 2017) | Item | Period-end Balance (CNY) | Year-start Balance (CNY) | | :--- | :--- | :--- | | Total Assets | 9,946,451,173.92 | 9,998,741,942.69 | | Total Liabilities | 6,005,638,452.50 | 5,868,285,763.71 | | Total Equity Attributable to Parent Company Owners | 3,842,591,072.45 | 3,996,426,093.30 | | Total Liabilities and Owners' Equity | 9,946,451,173.92 | 9,998,741,942.69 | Parent Company Balance Sheet As of March 31, 2017, the parent company's total assets were CNY 9.629 billion, total liabilities were CNY 5.147 billion, and total owners' equity was CNY 4.482 billion Key Items from Parent Company Balance Sheet (March 31, 2017) | Item | Period-end Balance (CNY) | Year-start Balance (CNY) | | :--- | :--- | :--- | | Total Assets | 9,629,131,034.61 | 9,524,795,971.02 | | Total Liabilities | 5,147,483,234.21 | 5,004,923,789.90 | | Total Owners' Equity | 4,481,647,800.40 | 4,519,872,181.12 | | Total Liabilities and Owners' Equity | 9,629,131,034.61 | 9,524,795,971.02 | Consolidated Income Statement In Q1 2017, consolidated total operating revenue was CNY 108 million, resulting in an operating loss of CNY 194 million and a net loss attributable to parent company owners of CNY 154 million Key Items from Consolidated Income Statement (Jan-Mar 2017) | Item | Current Period Amount (CNY) | Prior Period Amount (CNY) | | :--- | :--- | :--- | | I. Total Operating Revenue | 107,520,800.99 | 104,003,191.02 | | III. Operating Profit | -194,240,846.17 | -206,822,618.65 | | IV. Total Profit | -189,642,843.35 | -194,176,569.42 | | Net Profit Attributable to Parent Company Owners | -153,835,020.85 | -155,679,349.92 | | Basic Earnings Per Share (CNY/share) | -0.112 | -0.113 | Parent Company Income Statement In Q1 2017, parent company operating revenue was CNY 29.886 million, with a net loss of CNY 38.224 million, significantly reduced from the prior year Key Items from Parent Company Income Statement (Jan-Mar 2017) | Item | Current Period Amount (CNY) | Prior Period Amount (CNY) | | :--- | :--- | :--- | | I. Operating Revenue | 29,886,342.17 | 25,617,323.32 | | II. Operating Profit | -38,312,542.40 | -60,093,761.27 | | IV. Net Profit | -38,224,380.72 | -59,945,507.72 | | Basic Earnings Per Share (CNY/share) | -0.028 | -0.043 | Consolidated Cash Flow Statement In Q1 2017, consolidated net cash flow from operating activities turned positive at CNY 8.386 million, with net cash outflow from investing activities of CNY 4.042 million and net inflow from financing activities of CNY 118 million Key Items from Consolidated Cash Flow Statement (Jan-Mar 2017) | Item | Current Period Amount (CNY) | Prior Period Amount (CNY) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 8,386,069.53 | -15,901,968.19 | | Net Cash Flow from Investing Activities | -4,041,569.33 | -18,479,140.43 | | Net Cash Flow from Financing Activities | 117,920,306.52 | 237,511,663.38 | | Net Increase in Cash and Cash Equivalents | 122,264,806.72 | 203,130,554.76 | Parent Company Cash Flow Statement In Q1 2017, parent company net cash flow from operating activities significantly improved to CNY 61.677 million, with cash and cash equivalents totaling CNY 251 million at period-end Key Items from Parent Company Cash Flow Statement (Jan-Mar 2017) | Item | Current Period Amount (CNY) | Prior Period Amount (CNY) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 61,677,206.77 | -54,078,814.07 | | Net Cash Flow from Investing Activities | -2,601,872.00 | -990,630.16 | | Net Cash Flow from Financing Activities | 47,843,761.22 | 254,345,191.94 | | Net Increase in Cash and Cash Equivalents | 106,919,095.99 | 199,275,747.71 | Audit Report This quarterly report is unaudited - Not applicable, as the quarterly report is unaudited[32]