Liuguo Chemical(SH:600470)2017-04-28 16:00Financial Performance - Net profit attributable to shareholders was CNY -20,814,016.52, an improvement from CNY -34,079,736.38 in the same period last year[6]. - Operating revenue increased by 2.53% year-on-year to CNY 879,572,559.94[6]. - The weighted average return on net assets improved by 0.46 percentage points to -1.04%[6]. - The cumulative net profit for the period from the beginning of the year to the next reporting period is expected to fluctuate between -35 million and 35 million yuan compared to the same period last year[14]. - Net profit for Q1 2017 was a loss of CNY 35,500,538.01, compared to a loss of CNY 45,732,503.09 in Q1 2016, showing an improvement of 22.5%[26]. - The total comprehensive income for Q1 2017 was -¥5,984,053.01, compared to -¥20,927,329.31 in the same period last year[28]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 5,799,274,572.86, a decrease of 0.65% compared to the end of the previous year[6]. - The company's total assets decreased from 5.84 billion yuan at the beginning of the year to 5.80 billion yuan at the end of the reporting period[19]. - The company's total assets decreased to CNY 3,889,619,339.69 from CNY 3,949,619,892.87, a decline of 1.5%[23]. - Total liabilities decreased to CNY 1,610,598,125.44 from CNY 1,665,842,648.51, a reduction of 3.3%[23]. - The company’s non-current liabilities increased from 359.73 million yuan to 421.57 million yuan during the reporting period[19]. Cash Flow - Net cash flow from operating activities was CNY -194,916,006.51, a significant decline compared to CNY 9,828,514.67 in the previous year, representing a decrease of 2,083.17%[12]. - Cash and cash equivalents at the end of Q1 2017 totaled ¥316,804,211.81, compared to ¥294,689,281.95 at the end of Q1 2016[31]. - Cash inflow from operating activities was $415.19 million, compared to $474.84 million in the previous quarter[34]. - Total cash outflow from operating activities was $563.23 million, an increase from $496.78 million in the previous quarter[34]. Investments - Long-term equity investments rose by 46.93% to CNY 15,340,431.80 due to new investments in a subsidiary[12]. - The company’s long-term equity investments increased to CNY 383,254,130.66 from CNY 329,554,130.66, a growth of 16.3%[22]. Inventory and Receivables - Accounts receivable increased by 62.12% to CNY 105,746,506.08, indicating a rise in customer payments[12]. - Inventory increased from 894.09 million yuan at the beginning of the year to 1.00 billion yuan at the end of the reporting period[17]. Shareholder Information - The number of shareholders at the end of the reporting period was 44,298[10]. - The largest shareholder, Tongling Chemical Industry Group Co., Ltd., held 25.49% of the shares[10]. Market Conditions and Strategies - The company's main products, diammonium phosphate and compound fertilizer, have seen price increases of approximately 15-20% compared to their lowest prices[14]. - The company is facing uncertainties such as potential declines in fertilizer market prices and rising raw material costs, which could impact profitability[14]. - The company plans to further reduce costs through benchmarking management and simulated market assessments[14]. Operating Costs - Total operating costs for Q1 2017 were CNY 915,177,726.17, up from CNY 903,203,656.23, reflecting a year-over-year increase of 1.1%[25]. - The company incurred operating costs of ¥647,176,200.89, up from ¥517,869,778.59 in the previous year, reflecting a 25% increase[27].