AYIS(SH:600569)2018-04-20 16:00Financial Performance - Operating revenue for the period reached CNY 6.26 billion, representing a growth of 14.03% year-on-year[6] - The net profit attributable to shareholders of the listed company was CNY 128.79 million, a significant recovery from a loss of CNY 200.60 million in the same period last year[6] - Basic and diluted earnings per share were both CNY 0.054, compared to a loss of CNY 0.084 per share in the previous year[6] - The company reported a net profit of CNY 127.96 million after deducting non-recurring gains and losses, compared to a loss of CNY 202.03 million in the same period last year[6] - Net profit for Q1 2018 reached CNY 128,739,555.64, a significant recovery from a net loss of CNY 205,202,797.07 in the previous year[26] - The company expects significant improvement in operating performance in the next reporting period due to cost reduction and internal management reforms[14] - The company anticipates substantial year-on-year growth in operating performance by the end of the next reporting period[14] Assets and Liabilities - Total assets at the end of the reporting period were CNY 32.54 billion, a decrease of 1.85% compared to the end of the previous year[6] - The company's total assets amounted to CNY 30,852,920,817.46, slightly down from CNY 31,287,222,466.10 at the end of the previous period[23] - Total liabilities decreased from ¥26,398,253,919.06 to ¥25,632,442,392.95, a reduction of 2.90%[19] - Total liabilities decreased to CNY 23,944,351,263.50 from CNY 24,570,604,173.67, indicating improved financial stability[23] - The company's equity increased to CNY 6,908,569,553.96, compared to CNY 6,716,618,292.43 in the previous period[23] Cash Flow - Net cash flow from operating activities was CNY 733.39 million, down 57.50% from the previous year[6] - The net cash flow from operating activities decreased by 57.50% to ¥733,387,931.16, primarily due to increased cash payments for purchases[14] - Operating cash flow for the company was ¥733,387,931.16, down 57.5% from ¥1,725,697,046.04 in Q1 2017[32] - The total cash inflow from operating activities was ¥6,645,420,284.46, down from ¥6,816,330,852.10 in Q1 2017[32] - The company reported a decrease in cash received from other operating activities, totaling ¥27,527,840.42, compared to ¥33,499,376.83 in the previous year[32] - The net cash outflow from financing activities was ¥-931,284,413.15, an improvement from ¥-1,567,300,611.85 in Q1 2017[33] Shareholder Information - The total number of shareholders at the end of the reporting period was 132,960[10] - The largest shareholder, Anyang Iron & Steel Group Co., Ltd., held 1.44 billion shares, accounting for 60.14% of the total shares, with 719.78 million shares pledged[10] Tax and Expenses - Tax and additional fees increased by 61.03% to ¥71,083,972.51 due to higher revenue and increased tax base[13] - Operating income rose by 32.01% to ¥1,746,149.13, attributed to increased compensation and penalty income[13] - Cash paid for various taxes surged by 101.07% to ¥210,428,073.35, reflecting increased sales and tax base[13] - Employee compensation payable decreased by 80.98% to ¥7,224,583.03 due to salary payments[13] - The company incurred operating expenses of ¥5,912,032,353.30, which increased from ¥5,090,633,806.06 in Q1 2017[32] Inventory and Current Assets - Total current assets decreased from ¥14,230,276,746.58 to ¥13,797,063,507.00, a decline of 3.05%[17] - Inventory increased from ¥5,938,778,963.02 to ¥6,354,382,928.79, an increase of 6.99%[17] - Inventory levels rose to CNY 5,828,241,010.78, up from CNY 5,585,683,067.56, reflecting increased production or stockpiling[22] Borrowings and Debt - Short-term borrowings decreased to CNY 4,348,000,000.00 from CNY 4,980,000,000.00, indicating a reduction in debt[23] - The company raised ¥1,423,000,000.00 in borrowings, down from ¥1,828,000,000.00 in the same quarter last year[33] - The cash paid for debt repayment was $2,055,200,000.00 in Q1 2018, compared to $2,837,668,000.00 in the same period last year[36]