SCIE(SH:600546)2014-04-25 16:00Financial Performance - Net profit attributable to shareholders decreased by 79.64% year-on-year, amounting to CNY 52.96 million[10]. - Operating revenue for the first quarter was CNY 16.97 billion, representing a decline of 23.99% compared to the same period last year[10]. - Net profit decreased by 71.21% year-on-year, driven by a decline in coal prices impacting overall profitability[17]. - Total profit decreased by 65.22% year-on-year, primarily due to falling coal prices[17]. - Net profit attributable to the parent company decreased by 79.64% compared to the same period last year, primarily due to a decline in profits during the reporting period[18]. - Minority shareholders' profit decreased by 57.87% year-on-year, also due to a decline in profits during the reporting period[18]. - Basic earnings per share for Q1 2014 were CNY 0.03, compared to CNY 0.13 in Q1 2013, reflecting a decrease of 76.9%[42]. Cash Flow - Cash flow from operating activities decreased by 6.65% year-on-year, totaling CNY 877.94 million[10]. - Cash received from investment income decreased by 59.42% compared to the same period last year, due to a decrease in dividends received from investment units[18]. - Cash recovered from the disposal of fixed assets, intangible assets, and other long-term assets decreased by 100% year-on-year, as there were no asset disposals during the reporting period[18]. - Cash received from other investment activities decreased by 89.83% compared to the same period last year, due to a decrease in coal income from the affiliated coal mine engineering[18]. - Cash paid for the acquisition of fixed assets, intangible assets, and other long-term assets decreased by 40.60% year-on-year, due to a reduction in asset acquisitions by the subsidiary coal mines[18]. - Net cash flow from operating activities was CNY 877,941,772.93, compared to CNY 940,454,053.96 in the prior period, representing a decrease of approximately 6.6%[48]. - Cash outflow from operating activities was CNY 17,765,939,626.31, down from CNY 19,042,016,391.22, indicating a reduction of about 6.7%[48]. Assets and Liabilities - Total assets at the end of the reporting period reached CNY 46.13 billion, a slight increase of 0.18% compared to the end of the previous year[10]. - The company's total assets amounted to CNY 46,131,548,526.29, showing a marginal increase from CNY 46,047,756,293.44[35]. - The total liabilities of the company were CNY 35,131,474,849.81, a slight decrease from CNY 35,227,662,138.67 at the beginning of the year[35]. - Total liabilities increased to CNY 18,224,747,087.70, up 2.7% from CNY 17,738,364,346.22 at the start of the year[38]. - Current assets totaled CNY 15,645,414,933.19, a slight increase of 2.1% from CNY 15,329,325,948.22 at the beginning of the year[38]. Shareholder Information - The number of shareholders totaled 74,498, with the largest shareholder holding 57.43% of the shares[13]. - The company's equity attributable to shareholders increased to CNY 8,065,484,313.57 from CNY 7,975,054,741.50, reflecting a growth of approximately 1.13%[35]. Investment and Acquisitions - The company plans to terminate the acquisition of Caodao Coal Industry due to significant changes in the coal market environment, including a substantial decline in coal prices[28]. - The company has committed to conducting impairment tests on seven integrated coal mines acquired from Shanmei Group, with results to be audited by a qualified accounting firm[30]. - The company has applied for a waiver of the commitment to avoid competition with Shanmei Group, which was approved by the board and will be submitted for shareholder approval[29]. Revenue and Costs - Total operating revenue for Q1 2014 was CNY 16,971,709,707.17, a decrease of 24.0% compared to CNY 22,327,015,531.79 in the same period last year[41]. - Total operating costs for Q1 2014 were CNY 16,789,109,365.12, down 22.9% from CNY 21,783,852,113.67 year-over-year[41].