SCIE(SH:600546)2016-04-28 16:00Financial Performance - Operating revenue for the period was CNY 7.90 billion, a decrease of 36.46% year-on-year[8] - Net profit attributable to shareholders was a loss of CNY 49.92 million, a decline of 955.34% compared to the same period last year[8] - The net cash flow from operating activities was CNY 48.72 million, down 88.98% year-on-year[8] - The weighted average return on equity was -1.34%, a decrease of 1.43 percentage points compared to the previous year[8] - Net profit for Q1 2016 was a loss of CNY 26.62 million, representing a decline of 169.03% from a profit of CNY 38.57 million in Q1 2015[16] - Total profit for Q1 2016 was a loss of CNY 2.07 million, down 102.64% from a profit of CNY 78.34 million in the previous year[16] - The total comprehensive income for Q1 2016 was CNY -26,621,437.69, contrasting with CNY 38,565,340.93 in Q1 2015[37] - The net loss for the period was CNY 49,000,000, compared to a net profit in the previous year, highlighting challenges in profitability[34] Assets and Liabilities - Total assets decreased by 2.34% to CNY 49.31 billion compared to the end of the previous year[8] - The company's total assets as of March 31, 2016, amounted to CNY 49,310,934,058.58, a decrease from CNY 50,489,953,604.90 at the beginning of the year[28] - Current liabilities totaled CNY 35,864,079,595.57, down from CNY 37,538,923,910.99 at the start of the year, indicating improved liquidity management[28] - The company's total liabilities were CNY 42,458,304,973.10, a decrease from CNY 43,695,395,879.13, suggesting a reduction in financial leverage[28] - Long-term prepaid expenses increased by 49.49% to CNY 90.94 million compared to the beginning of the year[14] - Other payables decreased by 27.62% to CNY 3.35 billion compared to the previous year[14] - Long-term payables increased by 31.09% to CNY 1.47 billion compared to the beginning of the year[14] Cash Flow - Cash received from sales of goods and services was CNY 7.36 billion, a decrease of 44.42% from CNY 13.24 billion in Q1 2015[16] - Cash inflows from operating activities totaled CNY 10,828,124,837.80, down 33.3% from CNY 16,195,233,141.25 in the previous year[40] - The net cash flow from operating activities for Q1 2016 was 48,721,153.27 RMB, a significant decrease from 441,917,365.74 RMB in the same period last year, reflecting a decline of approximately 89%[41] - Total cash inflow from operating activities was 5,343,910,793.34 RMB, slightly up from 5,258,353,206.24 RMB, indicating a growth of about 1.6% year-over-year[44] - Cash outflow from operating activities totaled 5,339,238,226.23 RMB, compared to 4,930,141,888.73 RMB in the previous year, representing an increase of approximately 8.3%[44] - The net cash flow from investing activities was -142,254,924.73 RMB, an improvement from -530,754,453.58 RMB year-over-year[41] - Cash inflow from financing activities was 5,621,408,160.67 RMB, down from 5,994,054,579.39 RMB, reflecting a decrease of about 6.2%[41] - The net cash flow from financing activities was -1,302,284,910.70 RMB, contrasting with a positive net flow of 1,232,581,050.31 RMB in the previous year[41] Shareholder Information - The number of shareholders at the end of the reporting period was 89,953[11] - The largest shareholder, Shanxi Coal Import and Export Group Co., Ltd., held 57.43% of the shares[11] Market Challenges - The company is facing challenges due to a prolonged downturn in the coal market, impacting both sales volume and pricing[17] - The company plans to focus on cost control and efficiency improvements to navigate the challenging market environment going forward[34]