Chihong Zinc(SH:600497)2014-04-27 16:00Financial Performance - Operating revenue rose by 38.13% to CNY 3,967,531,786.38 year-on-year[9] - Net profit attributable to shareholders decreased by 44.66% to CNY 31,063,336.79 compared to the same period last year[9] - Basic earnings per share dropped by 54.63% to CNY 0.0186[9] - Total profit decreased by 38.22% to ¥50,497,334.69 from ¥81,736,578.70, primarily due to a decline in product prices and rising financial expenses[13] - Net profit for Q1 2014 was ¥22,983,088.13, a decrease of 64.6% from ¥64,867,004.30 in Q1 2013[26] - The net profit attributable to shareholders of the parent company was ¥31,063,336.79, down 44.6% from ¥56,132,713.59 in the previous year[26] - The company reported a total comprehensive income of ¥2,286,376.16 for Q1 2014, significantly lower than ¥54,394,849.20 in Q1 2013[26] Cash Flow - Net cash flow from operating activities increased by 87.82% to CNY 221,185,574.53[9] - The cash inflow from operating activities was CNY 4,665,417,762.19, an increase of 37.7% compared to CNY 3,389,500,416.09 in the previous period[31] - The net cash flow from operating activities was CNY 221,185,574.53, up from CNY 117,764,864.00, representing an increase of 88%[31] - The cash outflow for investing activities totaled CNY 762,270,377.66, compared to CNY 542,171,480.86 in the previous period, indicating a significant increase in investment spending[32] - The net cash flow from investing activities was -CNY 759,254,377.66, worsening from -CNY 491,871,480.86 in the previous period[32] - The cash inflow from financing activities was CNY 2,240,492,143.11, slightly up from CNY 2,192,321,892.71[32] - The net cash flow from financing activities decreased to CNY 426,880,090.27 from CNY 711,086,082.77, reflecting a decline of 40%[32] - The ending cash and cash equivalents balance was CNY 1,169,360,997.60, down from CNY 1,657,820,870.82, indicating a decrease of 29.5%[32] Assets and Liabilities - Total assets increased by 1.20% to CNY 30,055,028,844.24 compared to the end of the previous year[9] - Current assets decreased to CNY 3,990,307,803.26 from CNY 4,018,476,229.25, a decline of 0.7%[17] - Total liabilities rose to CNY 18,381,567,821.62 from CNY 18,046,510,188.91, an increase of 1.9%[19] - Total liabilities as of the end of Q1 2014 amounted to ¥12,779,725,606.72, slightly up from ¥12,549,762,751.81 at the end of the previous year[26] - The total current liabilities increased to CNY 9,201,729,121.81 from CNY 8,767,994,861.72, an increase of 4.9%[18] Shareholder Information - The number of shareholders at the end of the reporting period was 164,615[11] - The largest shareholder, Yunnan Metallurgical Group Co., Ltd., holds 49.74% of the shares[11] - The company's equity attributable to shareholders increased to CNY 7,353,689,423.90 from CNY 7,338,290,993.43, a growth of 0.2%[19] - The company committed to distributing at least 10% of its distributable profits in cash annually over the next three years, totaling no less than 30% of the average annual distributable profits[14] Operating Costs and Income - Operating costs increased by 44.07% to ¥3,586,348,454.89, up from ¥2,489,349,068.45 in the previous year[13] - Other operating income rose significantly by 439.86% to ¥9,094,286.37 from ¥1,684,557.06, attributed to increased government subsidies[13] - Investment income dropped by 57.45% to ¥11,275,141.21 from ¥26,497,306.11 due to reduced futures income[13] - The company received government subsidies amounting to CNY 8,300,316.68 during the reporting period[10] Inventory and Receivables - Accounts receivable decreased by 55.24% to ¥69,454,889.10 from ¥155,181,465.10, reflecting the collection of overdue receivables[13] - Accounts receivable increased to CNY 122,826,001.49 from CNY 96,845,056.76, a rise of 26.8%[17] - Inventory remained stable at CNY 1,543,301,209.94 compared to CNY 1,543,203,528.75, showing minimal change[17] - Prepayments increased by 76.03% to ¥116,875,524.16 compared to ¥66,395,684.47 at the end of the previous year[13]