YNYW(SH:600725)2017-04-25 16:00Financial Performance - Operating revenue dropped by 81.00% to CNY 69,736,743.42 year-on-year[6] - The net profit for Q1 2017 was CNY 485,234.75, a significant recovery from a net loss of CNY 231,038,605.66 in the previous year[30] - Total operating revenue for Q1 2017 was CNY 69,736,743.42, a decrease of 81.0% compared to CNY 367,039,133.29 in the same period last year[29] - Total operating costs for Q1 2017 were CNY 69,251,490.75, down 88.4% from CNY 597,701,105.20 year-over-year[29] - The company reported a gross profit margin of approximately 0.7% for Q1 2017, compared to a negative margin in the same period last year[29] - Basic and diluted earnings per share for Q1 2017 were CNY 0.0004, recovering from a loss of CNY 0.24 per share in the previous year[30] Assets and Liabilities - Total assets decreased by 24.74% to CNY 163,721,095.07 compared to the end of the previous year[6] - Total assets amounted to CNY 163,721,095.07, a decrease from CNY 217,550,755.30 at the beginning of the year[25] - Total liabilities decreased from CNY 121,651,519.76 to CNY 67,336,624.78 during the same period[25] - Total liabilities decreased to CNY 67,336,624.78 from CNY 121,651,519.76, indicating a reduction of 44.7%[28] - The company's equity totaled CNY 96,384,470.29, slightly up from CNY 95,899,235.54 year-over-year[28] Cash Flow - Cash flow from operating activities was negative at CNY -81,427,019.19, compared to CNY -11,474,137.08 in the previous year[6] - Cash inflow from operating activities totaled ¥60,373,448.03, a decrease of 83.25% from ¥359,583,381.50 in the previous period[34] - Cash outflow from operating activities was ¥141,800,467.22, up 99.06% from ¥71,218,707.55 in the previous period[38] - Net cash flow from operating activities was -¥81,427,019.19, compared to -¥11,474,137.08 in the previous period[34] - Cash inflow from investment activities was ¥280,737.64, while cash outflow was ¥4,385,343.31, resulting in a net cash flow of -¥4,104,605.67[35] - Cash inflow from financing activities amounted to ¥161,029,270.63, down 62.32% from ¥427,807,608.00 in the previous period[35] - Net cash flow from financing activities was ¥119,248,126.99, compared to ¥15,377,306.59 in the previous period, indicating a significant increase[35] - The net increase in cash and cash equivalents was ¥37,821,107.80, compared to a decrease of ¥201,436.16 in the previous period[35] - The ending balance of cash and cash equivalents was ¥38,678,603.36, down from ¥73,705,587.78 in the previous period[39] Shareholder Information - The number of shareholders reached 33,462, with the top ten shareholders holding a combined 59.27% of shares[9] - The largest shareholder, Yunnan Coal Chemical Group Co., Ltd., holds 41.91% of shares[9] Asset Restructuring - The company is currently undergoing a major asset restructuring, with stock suspension continuing since December 29, 2016, and expected to last no more than two months[18] - The company plans to disclose updates on the major asset restructuring at least every five trading days during the suspension period[19] - The company has no subsidiaries included in the consolidated financial statements for this period, following the sale of all subsidiaries in 2016[15] Impairment and Provisions - The company reported an asset impairment loss of CNY 529,638.71 due to bad debt provisions[15] - Significant increases in accounts receivable and prepaid accounts were noted due to trade activities during the reporting period[11] - Accounts receivable stood at CNY 29,540,178.55, while other receivables decreased significantly from CNY 215,879,756.91 to CNY 48,617,973.68[26] Management and Financial Expenses - The company incurred management expenses of CNY 2,149,807.71 in Q1 2017, down 96.9% from CNY 70,468,039.32 in the previous year[29] - The company reported a significant reduction in financial expenses, which fell to CNY 353,607.32 from CNY 91,483,152.45 year-over-year[29]