COSCO SHIPPING Specialized(SH:600428)2015-04-27 16:00Financial Performance - Operating revenue for the first quarter was ¥1,877,549,272.48, representing a 12.46% increase from ¥1,669,595,700.24 in the same period last year[8]. - The net profit attributable to shareholders of the listed company was ¥253,528,403.74, a significant recovery from a loss of ¥13,124,257.30 in the previous year[8]. - The net cash flow from operating activities was ¥412,560,646.58, up 111.86% compared to ¥194,734,563.91 in the same period last year[8]. - Earnings per share for the period was ¥0.150, a recovery from a loss of ¥0.008 per share in the previous year[8]. - The total comprehensive income for Q1 2015 was CNY 261,672,815.24, compared to CNY 6,361,723.45 in the previous period, showing a substantial increase[33]. - The company reported a significant foreign exchange gain of CNY 351,811,685.63 in Q1 2015, compared to a loss of CNY -8,924,004.17 in the previous period[32]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥18,065,605,968.26, an increase of 0.98% compared to the end of the previous year[8]. - Net assets attributable to shareholders of the listed company were ¥6,791,831,119.10, reflecting a growth of 4.03% year-on-year[8]. - Current liabilities decreased from ¥4,607,364,079.73 to ¥4,570,335,906.80, a reduction of approximately 0.80%[25]. - Non-current liabilities decreased from ¥6,678,089,713.33 to ¥6,628,030,934.61, a decline of about 0.75%[26]. - Total liabilities decreased from ¥11,285,453,793.06 to ¥11,198,366,841.41, a decrease of approximately 0.77%[26]. - Owner's equity increased from ¥6,605,566,311.61 to ¥6,867,239,126.85, reflecting an increase of about 3.97%[26]. Investments and Shareholder Information - The largest shareholder, China Ocean Shipping (Group) Company, held 50.52% of the shares[11]. - Long-term equity investments rose by 40.65% to CNY 1,110,999,400.90 from CNY 789,891,003.62, primarily due to capital increase in Total Lubricants (China) Co., Ltd.[14]. - The company reported a significant increase in investment income, with a change of CNY 3.01 billion from the disposal of Elf Lubricants (Guangzhou) Co., Ltd. shares[19]. - The company plans to raise up to CNY 250 million through a non-public offering of 454,545,454 shares, pending approval from the China Securities Regulatory Commission[16]. Cash Flow and Expenses - The total cash inflow from operating activities was CNY 1,696,042,771.40, while the total cash outflow was CNY 408,752,113.03, resulting in a net cash flow of CNY 251,394,566.70[42]. - The cash flow from financing activities showed a net outflow of CNY 80,279,250.32, a significant reduction from the previous period's outflow of CNY 900,684,324.96[42]. - The company experienced a decrease in sales expenses, which were CNY 110,446,509.04 in Q1 2015, down from CNY 114,636,613.57 in the previous period, reflecting cost control measures[32]. - The cash outflow for purchasing goods and services was CNY 141,810,988.16, compared to CNY 264,540,091.07 in the previous period, indicating a decrease of approximately 46.5%[42]. Changes in Assets - Intangible assets decreased from ¥275,972,776.32 to ¥273,887,427.92, a decline of approximately 0.76%[25]. - Other current assets decreased by 45.32% to CNY 75,257,075.78 from CNY 137,629,682.65, mainly due to a reduction in deductible VAT input tax[14]. - The company’s total current assets decreased to CNY 3,470,939,545.41 from CNY 3,680,917,136.91, reflecting a decline in cash and inventory[24]. - Construction in progress increased by 72.10% to CNY 511,787,961.12 from CNY 297,376,727.44, attributed to payments for shipbuilding progress[14]. Tax Liabilities - Deferred income tax liabilities increased by 47.85% to CNY 292,106,456.93 from CNY 197,564,713.95, due to recognition of investment income from the disposal of shares[14]. - Deferred tax liabilities increased from ¥197,564,713.95 to ¥292,106,456.93, a rise of about 47.83%[26].