Chihong Zinc(SH:600497)2015-04-28 16:00Financial Performance - Net profit attributable to shareholders was CNY 15,284,512.01, representing a decline of 50.80% year-on-year[8]. - Operating revenue for the period reached CNY 4,367,982,600.99, an increase of 10.09% compared to the same period last year[8]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 61,525,508.20, a significant increase of 267.79% compared to the previous year[8]. - Basic earnings per share decreased by 52.63% to CNY 0.009 from CNY 0.019 in the same period last year[8]. - The weighted average return on equity was 0.21%, a decrease of 0.21 percentage points compared to the previous year[8]. - The company reported a net profit margin improvement, with retained earnings increasing to CNY 952.14 million from CNY 813.06 million, a rise of 17.1%[21]. - The gross profit margin for Q1 2015 was approximately 1.5%, down from 11.0% in Q1 2014[22]. - The company’s total comprehensive income for Q1 2015 was CNY -82,250,123.50, compared to CNY 2,286,376.17 in Q1 2014[23]. Cash Flow - Net cash flow from operating activities was CNY 327,425,547.01, up 48.03% year-on-year[8]. - Operating cash inflow for Q1 2015 was CNY 1,768,051,851.33, up from CNY 1,188,691,279.21 in the previous year, representing an increase of approximately 49%[28]. - Net cash flow from operating activities decreased to CNY 311,570,490.93 from CNY 422,015,225.26, a decline of about 26% year-over-year[28]. - Cash inflow from financing activities was CNY 1,825,820,016.80, an increase from CNY 1,418,916,399.10, reflecting a growth of about 28.7%[28]. - Net cash flow from financing activities turned negative at CNY -243,597,503.20, compared to a positive CNY 20,745,608.50 in the previous year[28]. - Total cash outflow for operating activities was CNY 1,456,481,360.40, significantly higher than CNY 766,676,053.95 in the previous year, marking an increase of about 90%[28]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 32,804,982,804.25, a decrease of 0.11% compared to the end of the previous year[8]. - Total liabilities increased, with accounts payable rising by 30.13% to ¥129,999,884.75[13]. - Total liabilities increased to CNY 21.45 billion from CNY 21.40 billion year-on-year, reflecting a slight growth of 0.2%[18]. - Current liabilities totaled CNY 11.32 billion, a decrease of 0.6% compared to CNY 11.39 billion at the beginning of the year[18]. - Non-current liabilities rose to CNY 10.13 billion, up from CNY 10.02 billion, marking an increase of 1.1%[18]. - The company's current assets totaled CNY 3,998,178,857.63, down from CNY 4,105,358,502.15 at the start of the year, indicating a decrease of approximately 2.6%[17]. - Non-current assets totaled CNY 28,806,803,946.62, a slight increase from CNY 28,734,443,734.49 at the beginning of the year[17]. Shareholder Information - Total number of shareholders reached 141,522[12]. - Yunnan Metallurgical Group Co., Ltd. holds 49.74% of shares, with 202,960,431 shares pledged[12]. - Yunnan Metallurgical Group Co., Ltd. holds a 93.08% stake in Yunnan Yongchang Lead-Zinc Co., Ltd., and 100% stakes in Yunnan Lancang Lead Mine Co., Ltd. and Daxinganling Yunyi Mining Development Co., Ltd.[16]. - The company has pledged to avoid engaging in similar production activities as Yunnan Chihong Zinc & Germanium Co., Ltd. to protect shareholder interests[16]. Investment and Expenses - Investment income decreased by 591.51% to -¥55,417,990.68, mainly due to a decline in futures income[14]. - The company recorded an investment loss of CNY 55,417,990.68 in Q1 2015, compared to an investment gain of CNY 11,275,141.21 in the same period last year[22]. - Financial expenses increased to CNY 202,188,150.84 in Q1 2015, up from CNY 171,237,600.48 in Q1 2014[22]. - Operating tax and additional charges rose by 32.45% to ¥16,251,313.51, driven by increased sales[14]. - The company reported a 142.32% increase in asset impairment losses to ¥6,781,194.62, primarily due to increased bad debt provisions[14].