AYIS(SH:600569)2015-04-24 16:00Financial Performance - Operating revenue decreased by 11.14% to CNY 5.73 billion year-on-year[6] - Net profit attributable to shareholders was a loss of CNY 106.39 million, a decrease of 395.63% compared to the previous year[6] - Basic earnings per share were -CNY 0.0432, a decrease of 380.52% year-on-year[7] - The company reported a significant decline in both revenue and profit, indicating challenges in the current market environment[12] - The company forecasts a cumulative net profit loss for the year due to a decline in steel prices exceeding the reduction in raw material costs[30] - The company reported a net loss of CNY 479,382,932.04, compared to a loss of CNY 375,954,767.79 in the previous year[36] - The net profit for Q1 2015 was a loss of ¥100,702,122.86, compared to a profit of ¥33,519,636.30 in Q1 2014[44] - The operating profit for Q1 2015 was a loss of ¥102,872,703.97, contrasting with a profit of ¥32,507,784.64 in the previous year[43] - Total profit for Q1 2015 was a loss of ¥98,901,680.44, compared to a profit of ¥33,519,636.30 in Q1 2014[43] Assets and Liabilities - Total assets increased by 3.94% to CNY 33.41 billion compared to the end of the previous year[6] - Total assets increased to CNY 33,412,429,585.02 from CNY 32,146,566,972.51, reflecting a growth of 3.9%[36] - Total liabilities rose to CNY 25,724,758,943.98, up from CNY 24,515,161,820.27, indicating an increase of 4.9%[36] - Current liabilities totaled CNY 21,043,145,048.05, slightly up from CNY 20,987,874,455.52, showing a marginal increase of 0.3%[36] - Non-current liabilities increased to CNY 4,681,613,895.93 from CNY 3,527,287,364.75, marking a rise of 32.7%[40] - Long-term payables increased by 154.37% to ¥1,900,177,807.28, indicating new financing lease obligations[22] Cash Flow - Cash flow from operating activities decreased by 59.88% to CNY 843.52 million compared to the same period last year[6] - Cash flow from tax refunds decreased by 96.16% to ¥497,272.37, attributed to a reduction in export tax rebates[23] - Cash flow from operating activities for Q1 2015 was ¥6,001,202,101.54, a decrease from ¥6,830,202,521.96 in the same period last year[49] - The net cash flow from operating activities for Q1 2015 was ¥843,521,799.50, a decrease of 60% compared to ¥2,102,348,772.60 in the previous year[50] - Total cash inflow from operating activities was ¥6,034,497,868.34, while cash outflow was ¥5,190,976,068.84, resulting in a net cash inflow of ¥843,521,799.50[50] - The company reported a total cash inflow from financing activities of ¥3,488,000,000.00, with a net cash flow from financing activities of ¥311,130,611.33[51] - Cash outflow for investing activities was ¥113,940,648.33, leading to a net cash outflow of ¥113,940,648.33 for the quarter[50] Shareholder Information - The total number of shareholders was 160,714 at the end of the reporting period[10] - The largest shareholder, Anyang Iron and Steel Group Co., Ltd., held 60.11% of the shares[10] - Shareholders' equity totaled CNY 7,687,670,641.04, a slight increase from CNY 7,631,405,152.24, indicating a growth of 0.7%[36] Revenue and Expenses - Total revenue for Q1 2015 was CNY 5,726,175,571.36, a decrease of 11.1% compared to CNY 6,444,190,017.80 in the same period last year[42] - Sales revenue from goods and services received in Q1 2015 was ¥5,623,529,313.18, down from ¥6,471,604,799.58 in the same period last year[52] - Operating costs for Q1 2015 were ¥4,951,938,815.07, down 13.9% from ¥5,762,480,393.31 in the same period last year[46] - The company experienced a significant increase in financial expenses, totaling ¥264,517,884.24 in Q1 2015, compared to ¥302,091,827.50 in the previous year[46] - Sales expenses increased by 40.75% to ¥64,734,085.47, driven by higher transportation costs from increased steel exports[18] - The company experienced a decrease in sales expenses, which were ¥35,463,388.32 in Q1 2015, compared to ¥27,230,617.50 in Q1 2014[46] Receivables and Inventory - Accounts receivable increased by 118.40% to ¥657,053,763.19 compared to the end of 2014[13] - Other receivables rose by 78.32% to ¥239,247,456.25, attributed to an increase in financing lease deposits[14] - Engineering materials surged by 136.56% to ¥36,943,831.71 due to the arrival of engineering equipment[15] - Accounts receivable rose to CNY 616,770,012.90 from CNY 223,850,020.27, a significant increase of 175.5%[38] - Inventory decreased to CNY 5,900,997,607.03 from CNY 6,098,087,131.94, reflecting a decline of 3.2%[39] Corporate Actions - The company is actively progressing on an asset restructuring plan to acquire 100% equity of Wuyang Mining, with ongoing audits and evaluations[27]