HDECL(SH:600726)2017-04-26 16:00Financial Performance - Net profit attributable to shareholders decreased by 39.59% to CNY 261,166,945.13 compared to the same period last year[5] - Operating revenue increased by 4.86% to CNY 2,788,279,630.02 compared to the same period last year[5] - Net profit for Q1 2017 was CNY 321,832,665.50, a decrease of 37.2% compared to CNY 512,549,642.29 in Q1 2016[26] - Basic earnings per share for Q1 2017 were CNY 0.13, down from CNY 0.22 in the previous year, indicating a decline of 40.9%[26] - The company expects a cumulative net profit decrease of over 50% for the first half of 2017 due to significant increases in coal prices[13] Assets and Liabilities - Total assets decreased by 1.32% to CNY 25,116,786,046.10 compared to the end of the previous year[5] - The company's total liabilities decreased from CNY 21,355,042,128.93 to CNY 20,688,739,817.73, representing a reduction of about 3.13%[19] - Current assets totaled CNY 3,027,484,888.22, slightly down from CNY 3,045,389,947.93 at the beginning of the year, a decrease of about 0.58%[17] - The company's total liabilities decreased to CNY 16,157,707,815.32 from CNY 16,540,512,986.43, a reduction of approximately 2.3%[23] - The total equity attributable to the parent company rose to CNY 3,660,289,865.71 from CNY 3,391,825,445.18, reflecting an increase of about 7.9%[19] Cash Flow - Net cash flow from operating activities decreased by 27.89% to CNY 356,417,545.80 compared to the same period last year[5] - Cash generated from operating activities was CNY 2,698,584,847.28, an increase from CNY 2,415,738,393.87, reflecting a growth of 11.7%[32] - Operating cash inflow totaled CNY 2,723,098,223.69, an increase from CNY 2,493,564,170.52 in the previous period, reflecting a growth of approximately 9.2%[33] - Cash inflow from financing activities amounted to CNY 1,933,176,166.35, slightly up from CNY 1,839,192,300.00, showing an increase of about 5.1%[34] - The ending cash and cash equivalents balance was CNY 1,091,520,581.38, down from CNY 1,212,392,513.10, reflecting a decrease of approximately 9.9%[34] Operational Efficiency - The company is currently focusing on improving operational efficiency and reducing costs to enhance profitability in the upcoming quarters[15] - The company plans to focus on market expansion and new product development in the upcoming quarters to enhance revenue growth[24] Investment and Expenses - Non-operating income increased by 855.65% to CNY 32,365,086.18 compared to the previous period[10] - Management expenses increased by 51.43% to CNY 22,051,054.80 compared to the previous period[10] - The company reported a significant decrease in investment income, down 116.17% to CNY -6,052,605.02 due to losses from an associate[10] - The company reported an investment loss of CNY -6,052,605.02 in Q1 2017, compared to a gain of CNY 37,437,603.91 in the same period last year[25] - Financial expenses for Q1 2017 were CNY 154,641,962.07, a decrease from CNY 178,124,298.68, showing a reduction of 13.2%[25] Inventory and Receivables - Inventory levels increased from CNY 321,761,252.16 to CNY 347,075,245.01, representing a rise of approximately 7.8%[17] - The company reported a decrease in accounts receivable from CNY 979,485,102.22 to CNY 967,724,883.61, a decline of about 1.3%[17] - Cash outflow for purchasing goods and services was CNY 1,272,431,935.98, compared to CNY 826,476,427.96, representing an increase of approximately 54%[36]