CCCCDC(SH:600720)2015-04-17 16:00Financial Performance - Net profit attributable to shareholders decreased to CNY -163,722,289.79, a decline of 93.43% year-on-year[6]. - Operating revenue fell by 37.14% to CNY 448,810,701.72 compared to the same period last year[6]. - The net cash flow from operating activities decreased by 20.93% to CNY 67,189,003.99[6]. - The company reported a basic earnings per share of CNY -0.2109, compared to CNY -0.1094 in the previous year[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -166,408,951.18[6]. - The net loss for Q1 2015 was CNY 185,410,790.78, compared to a net loss of CNY 105,149,112.66 in the previous year, indicating an increase in losses[26]. - The company reported an operating profit of CNY -195,146,404.22, worsening from CNY -121,809,184.00 in the previous year[26]. - Basic and diluted earnings per share for Q1 2015 were both CNY -0.2109, compared to CNY -0.1094 in the same period last year[27]. Assets and Liabilities - Total assets increased by 1.75% to CNY 11,027,478,285.78 compared to the end of the previous year[6]. - The company's current assets totaled CNY 2,478,728,745.51, up from CNY 2,272,771,338.59 at the start of the year, indicating a growth of approximately 9.1%[18]. - The total liabilities of the company were CNY 5,865,615,486.40, compared to CNY 5,580,470,022.20 at the beginning of the year, reflecting an increase of approximately 5.1%[20]. - The total equity attributable to shareholders decreased to CNY 4,717,251,546.62 from CNY 4,790,725,493.31, indicating a decline of about 1.5%[20]. - The company's short-term borrowings rose to CNY 1,576,500,000.00 from CNY 1,504,500,000.00, marking an increase of about 4.8%[19]. Cash Flow - The company experienced a net cash outflow from investing activities of CNY -94,494,613.88, an improvement from CNY -218,824,199.90 in the previous year, mainly due to reduced payments for completed construction projects[12]. - The company’s financing activities generated a net cash outflow of CNY -39,546,936.55, a decrease from CNY 298,683,409.62 in the previous year, due to reduced bank borrowings[12]. - The company reported a decrease in cash and cash equivalents to CNY 337,025,523.61 from CNY 424,878,070.05, a decline of approximately 20.6%[18]. - The company’s cash flow from financing activities resulted in a net outflow of ¥39,546,936.55, compared to a net inflow of ¥298,683,409.62 in the previous period[34]. - The net cash flow from financing activities was -292,710,287.73 CNY, compared to 508,000,000.00 CNY in the previous period[35]. Inventory and Financial Assets - The company's inventory increased by 37.85% to CNY 1,045,852,042.64 due to partial shutdowns for maintenance and an increase in semi-finished products[12]. - The fair value of available-for-sale financial assets rose by 48.24% to CNY 406,713,726.00, primarily due to changes in the fair value of shares held in another listed company[12]. - Deferred income tax liabilities increased by 137.18% to CNY 76,324,987.65, attributed to the fair value changes of available-for-sale financial assets[12]. Shareholder Information - The number of shareholders reached 95,666 at the end of the reporting period[10]. - The largest shareholder, China National Materials Group Corporation, holds 13.24% of the shares[11]. - The company did not issue preferred shares, and there are no priority shareholders with voting rights[11]. Corporate Governance and Competition - The company reported a commitment to avoid unfair practices and protect the rights of shareholders, ensuring that transactions with related parties are conducted at fair market prices[14]. - The company is actively working to resolve competition issues with its subsidiary, aiming to clarify business areas and avoid overlapping operations in the cement market[15]. - A phased solution to eliminate competition with Ningxia Cement has been proposed, focusing on joint market research, product positioning, and brand promotion[15]. - The company has committed to not engaging in substantial competition with its subsidiaries and will supervise related entities to ensure compliance with this commitment[14]. - The company plans to coordinate with local governments and stakeholders to eliminate potential competition in the cement business over a five-year period[15]. - The company emphasizes the importance of fair and reasonable pricing in transactions with related parties, aligning with independent third-party standards[14]. - The company is focused on enhancing customer relationship management and marketing network construction to avoid disorderly competition[15]. - The company has undertaken measures to ensure that its subsidiaries do not engage in substantial competition with each other, promoting healthy development in the cement industry[14]. - The company has committed to transparency in its operations and has provided updates on its commitments to stakeholders through various channels[15].