SPM(SH:600459)2015-04-28 16:00Financial Performance - Net profit attributable to shareholders decreased by 31.85% to CNY 14,658,195.87 year-on-year[6] - Operating revenue rose by 5.25% to CNY 1,319,668,925.15 compared to the same period last year[6] - Basic earnings per share dropped by 45.45% to CNY 0.06 compared to the previous year[6] - The weighted average return on equity decreased by 0.43 percentage points to 0.84%[6] - The net profit after deducting non-recurring gains and losses decreased by 33.24% to CNY 13,309,379.68 year-on-year[6] - Total operating revenue for Q1 2015 was CNY 1,319,668,925.15, an increase of 5.2% compared to CNY 1,253,823,334.11 in the same period last year[33] - Total operating costs for Q1 2015 were CNY 1,316,131,817.66, up from CNY 1,227,630,967.69, reflecting a year-over-year increase of 7.2%[33] - Net profit for Q1 2015 was CNY 15,475,118.00, down 33.8% from CNY 23,316,279.99 in Q1 2014[35] - Total profit for Q1 2015 was CNY 19,300,294.28, a decrease of 32.5% from CNY 28,636,472.35 in the previous year[35] Assets and Liabilities - Total assets increased by 3.99% to CNY 2,987,719,243.47 compared to the end of the previous year[6] - Total liabilities amounted to CNY 852,480,778.94, compared to CNY 783,442,285.21, indicating an increase of 8.8%[32] - Non-current assets totaled CNY 1,239,811,305.34, slightly up from CNY 1,235,258,040.53 at the beginning of the year[31] - Cash and cash equivalents decreased to CNY 120,653,112.57 from CNY 262,099,590.70, a decline of 53.9%[30] - Total current assets rose to ¥2,076,411,151.14 from ¥1,993,099,426.05, indicating an increase of about 4.2%[26] Cash Flow - Net cash flow from operating activities improved by 1.48% to CNY -204,105,430.46 year-on-year[6] - Cash inflow from operating activities was CNY 1,284,883,739.43, down 8.9% from CNY 1,410,387,904.73 in Q1 2014[37] - Cash outflow for purchasing goods and services was CNY 1,406,201,970.80, a decrease of 9.1% compared to CNY 1,547,490,778.07 in the previous year[37] - The total cash outflow from operating activities was 535,464,870.02 RMB, down from 658,501,738.31 RMB, reflecting a decrease of about 18.7%[39] - The cash flow from investment activities was -4,975,789.51 RMB, compared to -49,677,718.25 RMB in the previous period, showing a significant improvement of approximately 90%[39] Shareholder Information - The total number of shareholders reached 28,784 at the end of the reporting period[10] - The largest shareholder, Yunnan Tin Company Limited, holds 41.68% of the shares, totaling 108,777,188 shares[10] - The company committed to distributing at least 10% of the annual distributable profit as cash dividends, with a cumulative distribution of no less than 30% over the next three years[21] Operational Changes - Cash and cash equivalents decreased by 44.86% compared to the beginning of the year, primarily due to increased capital occupation in production and operation activities[14] - Accounts receivable increased by 147.36% compared to the beginning of the year, mainly due to new operational investments with receivables not yet settled[14] - Prepayments increased by 468.53% compared to the beginning of the year, primarily due to increased prepayments for raw material purchases[14] - Construction in progress increased by 36.42% compared to the beginning of the year, mainly due to increased investment in the upgrade of catalytic converters for National IV and V vehicles[14] - Other receivables increased by 163.31% compared to the beginning of the year, primarily due to increased investment income from hedging business at the end of the reporting period[14] Financial Management - The company maintains an independent financial management system, ensuring no shared bank accounts with Yunnan Tin Company[20] - The company has established a commitment to avoid any direct or indirect competition with Yunnan Tin Company in the future[20] - The company has a plan to ensure that any necessary related party transactions are conducted at fair market prices to protect minority shareholders[21] - The company is committed to complying with relevant regulations and protecting the interests of minority shareholders[21]